Bristow (VTOL) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	ERA GROUP INC.
Entity Central Index Key	1,525,221
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		20,498,319

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 13,808	$ 40,867
Receivables:
Trade, net of allowance for doubtful accounts of $1,999 and $1,955 in 2015 and 2014, respectively	39,498	33,390
Other, net of allowance for doubtful accounts of $0 and $437 in 2015 and 2014, respectively	2,513	2,062
Inventories, net	24,932	26,869
Deferred income taxes	2,276	1,996
Prepaid expenses and other	3,055	2,661
Escrow deposits	2,297	0
Total current assets	88,379	107,845
Property and equipment	1,175,693	1,171,267
Accumulated depreciation	(311,070)	(308,141)
Net property and equipment	864,623	863,126
Equity investments and advances	30,256	31,753
Goodwill	1,589	352
Intangible assets	1,411	0
Other assets	12,522	14,098
Total assets	998,780	1,017,174
Current liabilities:
Accounts payable and accrued expenses	12,037	15,120
Accrued wages and benefits	7,861	7,521
Accrued interest	3,992	949
Current portion of long-term debt	25,335	27,426
Derivative instruments	71	1,109
Accrued income taxes	7,415	267
Other current liabilities	4,735	3,162
Total current liabilities	61,446	55,554
Long-term debt	242,873	282,118
Deferred income taxes	213,998	217,027
Other liabilities	1,956	2,111
Total liabilities	$ 520,273	$ 556,810
Commitments and contingencies
Redeemable noncontrolling interest	$ 4,783	$ 0
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 and 20,371,672 outstanding in 2015 and 2014, respectively, exclusive of treasury shares	207	204
Additional paid-in capital	432,774	429,109
Retained earnings	43,949	31,797
Treasury shares, at cost, 151,193 and 18,609 shares in 2015 and 2014, respectively	(2,632)	(551)
Accumulated other comprehensive income, net of tax	92	95
Total Era Group Inc. stockholders’ equity	474,390	460,654
Noncontrolling interest	(666)	(290)
Total equity	473,724	460,364
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ 998,780	$ 1,017,174

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, trade receivables	$ 1,999	$ 1,955
Allowance for doubtful accounts, other receivables	$ 0	$ 437
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares outstanding (in shares)	20,499,050	20,371,672
Treasury shares (in shares)	151,193	18,609

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Operating revenues	$ 69,741	$ 90,510	$ 207,894	$ 256,533
Costs and expenses:
Operating	43,007	54,282	126,396	158,601
Administrative and general	11,238	12,941	31,760	34,340
Depreciation and amortization	12,186	11,746	35,186	34,458
Total costs and expenses	66,431	78,969	193,342	227,399
Gains on asset dispositions, net	1,813	42	4,959	6,072
Operating income	5,123	11,583	19,511	35,206
Other income (expense):
Interest income	232	130	800	418
Interest expense	(3,121)	(3,629)	(9,547)	(11,222)
Gain (loss) on debt extinguishment	(16)	0	248	0
Derivative gains (losses), net	8	(1,703)	(14)	(1,744)
Note receivable impairment	0	0	0	(2,457)
Foreign currency gains (losses), net	146	(485)	(2,271)	(521)
Gain on sale of FBO	0	0	12,946	0
Other, net	0	(3)	(9)	10
Total other income (expense)	(2,751)	(5,690)	2,153	(15,516)
Income (loss) before income taxes and equity earnings	2,372	5,893	21,664	19,690
Income tax expense	1,343	2,868	9,426	8,130
Income (loss) before equity earnings	1,029	3,025	12,238	11,560
Equity earnings (losses), net of tax	(376)	1,286	(719)	2,321
Net income (loss)	653	4,311	11,519	13,881
Comprehensive loss (income) attributable to non-controlling interest in subsidiary	208	(45)	633	51
Net income attributable to Era Group Inc.	$ 861	$ 4,266	$ 12,152	$ 13,932
Earnings per common share:
Basic (in dollars per share)	$ 0.04	$ 0.21	$ 0.59	$ 0.69
Diluted (in dollars per share)	$ 0.04	$ 0.21	$ 0.59	$ 0.68
Weighted average common shares outstanding:
Basic (in shares)	20,260,514	20,098,239	20,243,653	20,039,609
Diluted (in shares)	20,287,069	20,163,990	20,292,782	20,108,399

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 653	$ 4,311	$ 11,519	$ 13,881
Other comprehensive income (loss):
Foreign currency translation adjustments	136	(65)	(4)	(119)
Income tax benefit	0	18	1	42
Total other comprehensive income (loss)	136	(47)	(3)	(77)
Comprehensive income (loss)	789	4,264	11,516	13,804
Comprehensive loss (income) attributable to non-controlling interest in subsidiary	208	(45)	633	51
Comprehensive income (loss) attributable to Era Group Inc.	$ 997	$ 4,219	$ 12,149	$ 13,855

Condensed Consolidated Stateme6

Condensed Consolidated Statement Of Changes In Equity - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Accumulated Other Comprehensive Income	Non- controlling Interest In Subsidiary
Beginning Balance at Dec. 31, 2014	$ 460,364	$ 204	$ 429,109	$ 31,797	$ (551)	$ 95	$ (290)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants		2	(2)
Employee Stock Purchase Plan	1,096	1	1,095
Share award amortization	2,249		2,249
Stock option amortization	281		281
Employee Stock Purchase Plan amortization	144		144
Cancellation of restricted stock	0		12		(12)
Tax deficit from share award plans	(114)		(114)
Purchase of treasury shares	(2,069)				(2,069)
Net income	11,776			12,152			(376)
Currency translation adjustments, net of tax	(3)					(3)
Ending Balance at Sep. 30, 2015	$ 473,724	$ 207	$ 432,774	$ 43,949	$ (2,632)	$ 92	$ (666)

Condensed Consolidated Stateme7

Condensed Consolidated Statement Of Changes In Equity (Parenthetical) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Statement of Stockholders' Equity [Abstract]
Net loss	$ (257)

Condensed Consolidated Stateme8

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 11,519	$ 13,881
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	35,186	34,458
Amortization of deferred financing costs	773	674
Debt discount amortization	191	186
Share-based compensation	2,674	5,126
Note receivable impairment	0	2,457
Bad debt expense, net	60	195
Gains on asset dispositions, net	(4,959)	(6,072)
Gain on debt extinguishment, net	(248)	0
Gain on sale of FBO	(12,946)	0
Gain on sale of interest in equity investees	0	(1,518)
Derivative losses, net	14	1,744
Cash settlements on derivative transactions, net	(274)	(755)
Foreign currency losses, net	2,693	135
Deferred income tax expense (benefit)	(5,279)	6,938
Equity losses (earnings), net of tax	719	(803)
Changes in operating assets and liabilities:
Increase in receivables	(7,500)	(9,712)
Decrease in prepaid expenses and other assets	2,558	1,142
Increase in accounts payable, accrued expenses and other liabilities	10,662	13,890
Net cash provided by operating activities	35,843	61,966
Cash flows from investing activities:
Purchases of property and equipment	(47,260)	(63,966)
Proceeds from disposition of property and equipment	20,631	7,020
Cash settlements on forward contracts, net	(1,103)	0
Business acquisitions, net of cash acquired	(3,165)	0
Investments in and advances to equity investees	0	(125)
Proceeds from sale of interest in equity investees	0	6,381
Proceeds from sale of FBO	14,252	0
Principal payments on notes due from equity investees	514	474
Principal payments on third party notes receivable	25	424
Escrow deposits, net	(340)	0
Escrow deposits on like-kind exchanges, net	(1,857)	0
Net cash used in investing activities	(18,303)	(49,792)
Cash flows from financing activities:
Payments on long-term debt	(52,149)	(2,187)
Proceeds from Revolving Credit Facility	35,000	0
Revolving Credit Facility issuance costs	0	(2,446)
Extinguishment of long-term debt	(24,335)	0
Proceeds from share award plans	1,096	1,458
Purchase of treasury shares	(2,069)	0
Tax expense on vested restricted stock	(114)	0
Net cash used in financing activities	(42,571)	(3,175)
Effects of exchange rate changes on cash and cash equivalents	(2,028)	23
Net increase (decrease) in cash and cash equivalents	(27,059)	9,022
Cash and cash equivalents, beginning of period	40,867	31,335
Cash and cash equivalents, end of period	13,808	40,357
Supplemental cash flow information:
Cash paid for interest	10,983	9,434
Cash paid for income taxes	$ 5,990	$ 734

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICY	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND ACCOUNTING POLICY	BASIS OF PRESENTATION AND ACCOUNTING POLICY The condensed consolidated financial statements include the accounts of Era Group Inc. and its consolidated subsidiaries (collectively referred to as the “Company”). The condensed consolidated financial information for the three and nine months ended September 30, 2015 and 2014 has been prepared by the Company and has not been audited by its independent registered public accounting firm. In the opinion of management, all adjustments (consisting of normal recurring adjustments) have been made to fairly present the Company’s financial position as of September 30, 2015 , its results of operations for the three and nine months ended September 30, 2015 and 2014 , its comprehensive income for the three and nine months ended September 30, 2015 and 2014 , its changes in equity for the nine months ended September 30, 2015 , and its cash flows for the nine months ended September 30, 2015 and 2014 . Results of operations for the interim periods presented are not necessarily indicative of operating results for the full year or any future periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States (“U.S.”) have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 . Unless the context otherwise indicates, any reference in this Quarterly Report on Form 10-Q to the “Company” refers to Era Group Inc. and its consolidated subsidiaries and any reference in this Quarterly Report on Form 10-Q to “Era Group” refers to Era Group Inc. without its subsidiaries. Certain of the Company’s operations are subject to seasonal factors. Operations in the U.S. Gulf of Mexico are often at their highest levels from April to September, as daylight hours increase, and are at their lowest levels from November to February, as daylight hours decrease. The Company’s Alaskan operations also see an increase during May to September, as its firefighting and flightseeing operations occur during this time and daylight hours are significantly longer. Basis of Consolidation . The consolidated financial statements include the accounts of Era Group Inc., its wholly and majority-owned subsidiaries and entities that meet the criteria of Variable Interest Entities (“VIEs”) of which the Company is the primary beneficiary. All significant inter-company accounts and transactions are eliminated in consolidation. Era do Brazil LLC (“Era do Brazil”) is a VIE of which the Company is the primary beneficiary. Aeróleo Taxi Aereo S/A (“Aeróleo”) meets the criteria of a VIE; however, the Company is not the primary beneficiary, and Aeróleo is therefore not consolidated. Revenue Recognition. The Company recognizes revenues when they are realized or realizable and earned. Revenues are realized or realizable and earned when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable, and collectability is reasonably assured. Revenues that do not meet these criteria are deferred until the criteria are met. The unrecognized revenues and related activity during the three and nine months ended September 30, 2015 and 2014 , were as follows (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Balance at beginning of period $ 37,084 $ 28,477 $ 31,047 $ 24,243 Revenues deferred during the period 12,381 8,861 32,531 25,773 Revenues recognized during the period (7,333 ) (7,837 ) (21,446 ) (20,515 ) Balance at end of period $ 42,132 $ 29,501 $ 42,132 $ 29,501 As of September 30, 2015 , deferred revenues of $42.1 million were related to dry-leasing revenues for certain helicopters leased by the Company to Aeróleo, its Brazilian joint venture. The deferral originated from difficulties experienced by Aeróleo following Petróleo Brasileiro S.A.’s (“Petrobras Brazil”) cancellation in 2011 of certain contract awards to Aeróleo for a number of AW139 medium helicopters under dry-lease from the Company, and the deferral continues as a result of continued financial difficulties at Aeróleo. The Company will recognize revenues as cash is received or earlier should future collectability become reasonably assured. All costs and expenses related to these dry-leases were recognized as incurred. Receivables . Customers are primarily major integrated and independent exploration and production companies, hospitals, international helicopter operators and the U.S. government. Customers are typically granted credit on a short-term basis, and related credit risks are considered minimal. The Company routinely reviews its receivables and makes provisions for probable doubtful accounts; however, those provisions are estimates and actual results could differ from those estimates and those differences may be material. Receivables are deemed uncollectible and removed from receivables and the allowance for doubtful accounts when collection efforts have been exhausted. New Accounting Standards. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 - Revenue From Contracts With Customers , which will base revenue recognition on the contract between a vendor and customer and will require reporting entities to allocate the transaction price to various performance obligations in a contract and recognize revenues when those performance obligations are satisfied. ASU 2014-09 will be effective for annual reporting periods beginning after December 15, 2017 and any interim periods within that period. Early adoption is permitted for annual reporting periods beginning after December 15, 2016 and any interim periods within that period. The Company is currently evaluating the potential impact and the method of the adoption of ASU 2014-09 on its consolidated financial statements. In February 2015, the FASB issued ASU 2015-02 - Consolidation , which amends the guidance for evaluating whether certain entities should be consolidated, particularly for general partner and limited partner relationships and VIEs that have fee arrangements or related party relationships with a reporting entity. ASU 2015-02 will be effective for annual reporting periods beginning after December 15, 2015 and any interim periods within that period, and early adoption is permitted. The Company has not adopted ASU 2015-02 and believes adoption will not have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03 - Interest - Imputation of Interest , which requires debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct reduction of the carrying amount of that liability. The recognition and measurement guidance for debt issuance costs is not affected by this ASU. ASU 2015-03 will be effective for annual reporting periods beginning after December 15, 2015 and any interim periods within that period, and early adoption is permitted. In September 2015, the FASB issued ASU 2015-15 - Interest - Imputation of Interest , which amends ASU 2015-03 to allow issuers to continue to recognize debt issuance costs related to line-of-credit arrangements as an asset and amortize that asset over the term of the credit agreement. The Company has not adopted ASU 2015-03 or ASU 2015-15. As of September 30, 2015 and December 31, 2014 , the Company had debt issuance costs of $3.4 million and $4.0 million , respectively, exclusive of debt issuance costs associated with its amended and restated senior secured revolving credit facility (the “Revolving Credit Facility”). Such costs are included in other assets on the condensed consolidated balance sheets. The Company believes the adoption of ASU 2015-03 would reduce other assets and long-term debt by such amounts. In July 2015, the FASB issued ASU 2015-11 - Inventory , which is intended to simplify the way reporting entities account for inventory by requiring it to be valued at the lower of cost and net realizable value unless that entity uses the last-in, first-out or the retail inventory valuation method. ASU 2015-11 is effective for annual reporting periods beginning after December 15, 2016 and any interim periods within that period, and early adoption is permitted as of the beginning of an interim or annual reporting period. The Company has not adopted ASU 2015-11 and believes adoption will not have a material impact on its consolidated financial statements. In September 2015, the FASB issued ASU 2015-16 - Business Combinations , which requires adjustments to provisional amounts recorded in business combinations to be recognized in the reporting period in which they are identified either separately on the face of the income statement or in the notes to the financial statements. ASU 2015-16 is effective for annual reporting periods beginning after December 15, 2015 and any interim periods within that period, and early adoption is permitted. The Company adopted ASU 2015-16 effective on July 1, 2015, and such adoption did not have a material impact on its consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The fair value of an asset or liability is the price that would be received to sell an asset or transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company utilizes a fair value hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value and defines three levels of inputs that may be used to measure fair value. Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, or inputs derived from observable market data. Level 3 inputs are unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. The Company’s financial assets and liabilities as of September 30, 2015 and December 31, 2014 that are measured at fair value on a recurring basis were as follows (in thousands): Level 1 Level 2 Level 3 September 30, 2015 LIABILITIES Derivative instruments (1) $ — $ 71 $ — December 31, 2014 LIABILITIES Derivative instruments (1) $ — $ 1,109 $ — ____________________ (1) The fair value of the Company’s derivative instruments was estimated using market data gathered by a third party financial institution, adjusted for market and credit risks applicable to the Company. The estimated fair values of the Company’s other financial assets and liabilities as of September 30, 2015 and December 31, 2014 were as follows (in thousands): Carrying Amount Level 1 Level 2 Level 3 September 30, 2015 LIABILITIES Long-term debt, including current portion $ 268,208 $ — $ 262,459 $ — December 31, 2014 LIABILITIES Long-term debt, including current portion $ 309,544 $ — $ 320,099 $ — The carrying values of cash and cash equivalents, receivables, notes receivable from other business ventures and accounts payable approximate fair value. The fair value of the Company’s long-term debt was estimated using discounted cash flow analyses based on estimated current rates for similar types of arrangements. Considerable judgment was required in developing certain of the estimates of fair value and, accordingly, the estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS In 2011, the Company entered into two interest rate swap agreements maturing in December 2015 that call for the Company to pay fixed interest rates of 1.29% and 1.76% on an aggregate notional value of $25.4 million , which decreases each month by the amount of principal payments made on the note (see Note 5 for more information about the Company’s promissory notes), and receive a variable interest rate based on LIBOR on these notional values. The general purpose of these interest rate swap agreements is to provide protection against increases in interest rates, which might lead to higher interest costs for the Company. The fair value of these derivative instruments as of September 30, 2015 and December 31, 2014 was a liability of $0.1 million and $0.3 million , respectively. The Company recognized gains of $0.1 million and $0 for the three months ended September 30, 2015 and 2014 , respectively, and gains of $0.2 million for each of the nine months ended September 30, 2015 and 2014 . These gains are included in derivative losses, net on the condensed consolidated statements of operations. From time to time, the Company enters into forward exchange option contracts to hedge against foreign currency payment commitments and anticipated transaction exposures. All derivatives are recognized as assets or liabilities and marked to fair value each period. The Company does not use financial instruments for trading or speculative purposes. None of the Company’s derivative instruments contain credit-risk-related contingent features, and counterparties to the derivative contracts are high credit quality financial institutions. The Company entered into forward contracts during the second quarter of 2014 to mitigate its exposure to exchange rate fluctuations on euro-denominated aircraft purchase commitments. The Company did not designate these contracts as hedges for accounting purposes. The Company recorded a loss of $0 and $0.3 million on these derivative instruments during the three and nine months ended September 30, 2015 , respectively. This loss is recorded in foreign currency gains (losses), net in the condensed consolidated statements of operations. The Company had no open forward contracts as of September 30, 2015 .

ESCROW DEPOSITS

ESCROW DEPOSITS	9 Months Ended
	Sep. 30, 2015
Escrow Deposits [Abstract]
ESCROW DEPOSITS	ESCROW DEPOSITS From time to time, the Company enters into Qualified Exchange Accommodation Agreements with a third party to meet the like-kind exchange requirements of Section 1031 of the Internal Revenue Code (“IRC”) and the provisions of Revenue Procedure 2000-37. In accordance with these provisions, the Company is permitted to deposit proceeds from the sale of assets into escrow accounts for the purpose of acquiring other assets and qualifying for the temporary deferral of realized taxable gains. Consequently, the Company establishes escrow accounts with financial institutions for the deposit of funds received on sales of equipment, which are designated for replacement property within a specified period of time. As of September 30, 2015 , the Company had deposits of $2.0 million in like-kind exchange escrow accounts. There were no such deposits as of December 31, 2014 . During the nine months ended September 30, 2015 , the Company sold one EC135 light twin helicopter for cash proceeds of $2.8 million , net of fees. The sale transaction was treated as a tax-free like-kind exchange for tax purposes under Section 1031 of the IRC whereby proceeds are held by a qualified intermediary until qualified assets are delivered. The Company was unable to purchase a qualifying asset prior to the expiration of the 180-day period subsequent to the closing date of the sale. As a result, the proceeds of $2.8 million were returned to the Company, and the sale was treated as a taxable event. The Company also transferred title of one AW139 helicopter to Hauser Investments Limited (“Hauser”) in connection with its acquisition of Hauser (see Note 5). This transfer was also treated as a tax-free like-kind exchange whereby Hauser deposited $11.8 million into an escrow account with a qualified intermediary for the benefit of the Company. The Company withdrew $8.4 million and $1.4 million from the escrow account to make deposits on a qualifying asset during the second and third quarters of 2015, respectively, thereby deferring recognition of the taxable gain.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Sicher Helicopters SAS (“Sicher”). On April 9, 2015, the Company contributed $3.2 million in cash for a 75% interest in Hauser, which owns 100% of Sicher, a Colombian entity. In connection with the acquisition, the Company also transferred title of an AW139 helicopter to Hauser to be used in Sicher’s operations. The Company recorded all identifiable assets acquired and liabilities assumed at the estimated acquisition date fair value in accordance with Accounting Standards Codification 805 - Business Combinations (“ASC 805”). This acquisition did not represent a material business combination under ASC 805. The acquisition of the 75% interest in Hauser resulted in the recognition of goodwill of $1.2 million and other intangible assets, comprised primarily of a Colombian air operator certificate, of $1.4 million . The fair value of the noncontrolling interest was determined using a discounted cash flow analysis. The initial accounting for the acquisition is not complete because the Company is still evaluating certain information used to estimate the fair values recorded including the valuations of the tangible assets, intangible assets, deferred income taxes and noncontrolling interest. The noncontrolling interest partner has a right to put its interest to the Company, and the Company has a right to call its partner’s 25% ownership interest, each upon the occurrence of certain events and at fair value at the time of exercise as determined by an independent accounting firm. As a result of this put right, the noncontrolling interest related to Hauser is recorded in the mezzanine section of the condensed consolidated balance sheet as it does not meet the definition of a liability or equity under U.S. GAAP. Capital Expenditures. During the nine months ended September 30, 2015 , capital expenditures were $47.3 million and consisted primarily of deposits on future helicopter deliveries and a base expansion project. During the three and nine months ended September 30, 2015 , the Company capitalized interest of $1.8 million and $5.4 million , respectively. During the three and nine months ended September 30, 2014 , the Company capitalized interest of $1.0 million and $3.0 million , respectively. As of September 30, 2015 and December 31, 2014 , construction in progress, which is a component of property and equipment, included capitalized interest of $9.4 million and $5.0 million , respectively. One S92 heavy helicopter was delivered in September 2015 but was not yet placed in service as of September 30, 2015 . A summary of changes to our operating helicopter fleet is as follows: Equipment Additions - The Company acquired three BO-105 light twin helicopters and one AS350 single engine helicopter in connection with the acquisition of Hauser during the nine months ended September 30, 2015 . The Company placed four AW139 helicopters into service during the nine months ended September 30, 2014 . Equipment Dispositions - During the nine months ended September 30, 2015 , the Company sold or otherwise disposed of property and equipment for proceeds of $18.5 million and recognized gains of $3.1 million . Additionally, a dry-leasing customer exercised a purchase option for three helicopters from which the Company recognized a gain of $1.2 million and an investment in sales-type lease of $2.3 million . Subsequent to exercising the purchase option, the customer opted for an early buy-out of two of the three sales-type leases, resulting in cash proceeds of $2.1 million and additional gains of $0.6 million . As of September 30, 2015 , the investment in sales-type leases was $0.7 million . During the nine months ended September 30, 2014 , the Company sold or otherwise disposed of property and equipment for proceeds of $7.0 million and recognized gains of $6.1 million . Fixed Base Operations (“FBO”) Sale. On May 1, 2015, the Company sold its FBO business at Ted Stevens Anchorage International Airport to Piedmont Hawthorne Aviation, LLC. Pursuant to a membership interests purchase agreement, Piedmont Hawthorne Aviation, LLC acquired 100% of Era Group’s wholly-owned subsidiary, Era FBO LLC, for cash proceeds of $14.3 million . The Company recognized a pre-tax gain of $12.9 million on the sale.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective income tax rates were 56.6% and 48.7% for the three months ended September 30, 2015 and 2014 , respectively, and 43.5% and 41.3% for the nine months ended September 30, 2015 and 2014 , respectively. In connection with the acquisition of Hauser, the transfer of the AW139 helicopter was treated as a sale for U.S. income tax purposes. Accordingly, the Company recognized a nonrecurring income tax expense of $1.0 million , which has been recorded as a deferred tax liability as the Company plans to qualify the transfer for like-kind exchange treatment under the IRC. The additional expense increased the Company’s effective income tax rate by 4.4% for the nine months ended September 30, 2015 . The effective income tax rate for the three months ended September 30, 2015 increased by 22.8% due to non-deductible losses at Sicher, which is a controlled foreign corporation.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT The Company’s borrowings as of September 30, 2015 and December 31, 2014 were as follows (in thousands): September 30, 2015 December 31, 2014 7.750% senior notes (excluding unamortized discount) $ 175,100 $ 200,000 Senior secured revolving credit facility 70,000 85,000 Promissory notes 25,335 27,426 Other 119 — 270,554 312,426 Less: portion due within one year (25,335 ) (27,426 ) Less: debt discount, net (2,346 ) (2,882 ) Total long-term debt $ 242,873 $ 282,118 7.750% Senior Notes. On December 7, 2012, Era Group issued $200.0 million aggregate principal amount of its 7.750% senior unsecured notes due December 15, 2022 (the “ 7.750% Senior Notes”) and received net proceeds of $191.9 million . Interest on the 7.750% Senior Notes is payable semi-annually in arrears on June 15 and December 15 of each year. During the nine months ended September 30, 2015 , the Company repurchased $24.9 million of the 7.750% Senior Notes and recognized a gain on extinguishment of $0.2 million . Amended and Restated Senior Secured Revolving Credit Facility. On March 31, 2014, Era Group entered into the Revolving Credit Facility that matures in March 2019. The Revolving Credit Facility provides Era Group with the ability to borrow up to $300.0 million , with a sub-limit of up to $50.0 million for letters of credit. Subject to the satisfaction of certain conditions precedent and the agreement by the lenders, the Revolving Credit Facility includes an “accordion” feature which, if exercised, will increase total commitments by up to $100.0 million . Era Group’s availability under the Revolving Credit Facility may be limited by the terms of the 7.750% Senior Notes. Borrowings under the Revolving Credit Facility bear interest at a rate per annum equal to, at Era Group’s election, either a base rate or LIBOR, each as defined, plus an applicable margin. The applicable margin is based on the Company’s ratio of funded debt to EBITDA, as defined, and ranges from 75 to 200 basis points on the base rate margin and 175 to 300 basis points on the LIBOR margin. The applicable margin as of September 30, 2015 was 125 basis points on the base rate margin and 225 basis points on the LIBOR margin. In addition, the Company is required to pay a quarterly commitment fee based on the average unfunded portion of the committed amount at a rate based on the Company’s ratio of funded debt to EBITDA, as defined, that ranges from 37.5 to 50 basis points. As of September 30, 2015 , the commitment fee was 50 basis points. The obligations under the Revolving Credit Facility are secured by a portion of the Company’s helicopter fleet and the Company’s other tangible and intangible assets and are guaranteed by Era Group’s wholly owned U.S. subsidiaries. The Revolving Credit Facility contains various restrictive covenants including interest coverage, funded debt to EBITDA, and fair market value of mortgaged helicopters plus accounts receivable and inventory to funded debt, as well as other customary covenants including certain restrictions on the Company’s ability to enter into certain transactions, including those that could result in the incurrence of additional indebtedness and liens, the making of loans, guarantees or investments, sales of assets, payments of dividends or repurchases of capital stock, and entering into transactions with affiliates. As of September 30, 2015 , Era Group had $70.0 million of outstanding borrowings under the Revolving Credit Facility, and the remaining availability was $227.2 million , net of issued letters of credit of $2.8 million . In connection with the amendment of the Revolving Credit Facility in 2014, Era Group incurred debt issuance costs of $2.4 million . Such costs are included in other assets on the condensed consolidated balance sheets and are amortized to interest expense in the condensed consolidated statements of operations over the life of the Revolving Credit Facility. Promissory Notes. During the nine months ended September 30, 2015 , Era Group made scheduled payments on other long-term debt of $2.1 million .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Fleet. The Company’s unfunded capital commitments as of September 30, 2015 consisted primarily of agreements to purchase helicopters and totaled $174.5 million , of which $65.3 million is payable during the remainder of 2015 with the balance payable through 2017 . The Company also had $1.6 million of deposits paid on options not yet exercised. The Company may terminate $107.3 million of its total commitments (inclusive of deposits paid on options not yet exercised) without further liability other than aggregate liquidated damages of $2.5 million . Included in these commitments are orders to purchase nine AW189 heavy helicopters, three S92 heavy helicopters and five AW169 light twin helicopters. The AW189 and S92 helicopters are scheduled to be delivered in 2015 through 2017 . Delivery dates for the AW169 helicopters have yet to be determined. In addition, the Company had outstanding options to purchase up to an additional ten AW189 helicopters and three S92 helicopters. If these options are exercised, the helicopters would be scheduled for delivery beginning in 2016 through 2018. Other. In the normal course of its business, the Company becomes involved in various litigation matters including, among other things, claims by third parties for alleged property damages and personal injuries. Management uses estimates in determining the Company’s potential exposure to these matters and has recorded reserves in its financial statements related thereto where appropriate. It is possible that a change in the Company’s estimates related to such exposure could occur, but the Company does not expect such changes in estimated costs would have a material effect on its consolidated financial position, results of operations or cash flows. In April 2014, the Company entered into a settlement agreement with Airbus Helicopters (formerly Eurocopter), a division of Airbus Group (formerly European Aeronautic Defense and Space Company), with respect to the extended suspension of operations of H225 heavy helicopters in 2012 and 2013. The settlement agreement provides for certain service and product credit discounts, including credits that will be available to the Company for a period of four years from the date of the agreement to be applied against support services available from Airbus Helicopters covering spare parts, repair and overhaul, service bulletins, technical assistance or other services. The Company expects to be able to apply such service credits over the next two to three quarters, and such credits will result in a reduction in operating expenses in the periods utilized. During the three and nine months ended September 30, 2015 , the Company utilized credits in the amount of $1.4 million and $3.9 million , respectively.

EARNINGS (LOSS) PER COMMON SHAR

EARNINGS (LOSS) PER COMMON SHARE	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER COMMON SHARE	EARNINGS (LOSS) PER COMMON SHARE Basic earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding during the relevant periods. Diluted earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding plus the effect of potentially dilutive securities through the application of the if-converted method and/or treasury method. Dilutive securities for this purpose assumes all common shares have been issued pursuant to the exercise of outstanding stock options. Computations of basic and diluted earnings per common share of the Company for the three and nine months ended September 30, 2015 and 2014 were as follows (in thousands, except share and per share data): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Net income (loss) attributable to Era Group Inc. (1) $ 848 $ 4,213 $ 11,989 $ 13,752 Shares: Weighted average common shares outstanding - basic 20,260,514 20,098,239 20,243,653 20,039,609 Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (2) 26,555 65,751 49,129 68,790 Weighted average common shares outstanding - diluted 20,287,069 20,163,990 20,292,782 20,108,399 Earnings (loss) per common share: Basic $ 0.04 $ 0.21 $ 0.59 $ 0.69 Diluted $ 0.04 $ 0.21 $ 0.59 $ 0.68 ____________________ (1) Excludes net income of $13 and $53 attributable to unvested common shares for the three months ended September 30, 2015 and 2014 , respectively, and $163 and $180 for the nine months ended September 30, 2015 and 2014 , respectively. (2) Excludes weighted average common shares of 331,145 and 45,000 for the three months ended September 30, 2015 and 2014 , respectively, and 163,048 and 31,978 for the nine months ended September 30, 2015 and 2014 , respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company terminated its Amended and Restated Transition Services Agreement (“TSA”) with SEACOR Holdings Inc. (“SEACOR”) effective June 30, 2015. The Company incurred costs under the TSA of $0 and $0.8 million during the three months ended September 30, 2015 and 2014 , respectively, and $0.6 million and $2.3 million during the nine months ended September 30, 2015 and 2014 , respectively. Such costs are classified as administrative and general expenses in the condensed consolidated statements of operations. As of September 30, 2015 and December 31, 2014 , the Company had a payable due to SEACOR of $0.1 million and $0.3 million , respectively. The Company purchased products from its Dart Holding Company Ltd. (“Dart”) joint venture totaling $0.5 million and $1.7 million during the three and nine months ended September 30, 2015 , respectively, and $1.2 million and $2.8 million during the three and nine months ended September 30, 2014 , respectively. The Company also has a note receivable from Dart which had a balance of $3.7 million and $4.0 million as of September 30, 2015 and December 31, 2014 , respectively. The Company paid $0 and $0.3 million during the three and nine months ended September 30, 2015 , respectively, and $0.1 million and $0.3 million during the three and nine months ended September 30, 2014 , respectively, for services from its Era Training Center, LLC (“ETC”) joint venture. The Company also has a note receivable from ETC which had a balance of $4.4 million and $4.7 million as of September 30, 2015 and December 31, 2014 , respectively. In connection with the transfer of ownership of Aeróleo (see Note 13), the Company issued standby letters of credit in the amount of $1.8 million which will remain outstanding until all required payments have been made to the transferring partner. If such payments are not made prior to October 18, 2016, the letters of credit will be used to fund the remaining balance.

SHARE BASED COMPENSATION

SHARE BASED COMPENSATION	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE BASED COMPENSATION	SHARE-BASED COMPENSATION Restricted Stock Awards. The number of shares and weighted average grant price of restricted stock awards during the nine months ended September 30, 2015 were as follows: Number of Shares Weighted Average Grant Price Non-vested as of December 31, 2014 195,920 $ 25.48 Restricted stock awards granted: Non-employee directors 16,938 $ 21.26 Employees 176,750 $ 20.78 Vested (71,186 ) $ 25.58 Forfeited (600 ) $ 23.66 Non-vested as of September 30, 2015 317,822 $ 22.62 The total fair value of shares vested during the nine months ended September 30, 2015 and 2014 was $1.8 million and $4.0 million , respectively. Stock Options. During the nine months ended September 30, 2015 , the Company awarded 75,000 stock options. The Company uses a Black-Scholes option pricing model to estimate the fair value of stock options. The following table shows the assumptions used to compute the share-based compensation expense for stock options granted during the nine months ended September 30, 2015 : Risk free interest rate 1.48 % Expected life (years) 5 Volatility 35.27 % Dividend yield — % Weighted average exercise price of options granted (per option) $ 20.13 Weighted average grant-date fair value of options granted (per option) $ 6.69 Employee Stock Purchase Plan (“ESPP”). During the nine months ended September 30, 2015 , the Company issued 66,273 shares under the ESPP. As of September 30, 2015 , 180,641 shares remain available for issuance under the ESPP. Total share-based compensation expense, which includes stock options, restricted stock and the ESPP, was $2.7 million and $5.2 million for the nine months ended September 30, 2015 and 2014 , respectively.

GUARANTORS OF SECURITIES

GUARANTORS OF SECURITIES	9 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
GUARANTORS OF SECURITIES	GUARANTORS OF SECURITIES On December 7, 2012, Era Group issued the 7.750% Senior Notes. Era Group’s payment obligations under the 7.750% Senior Notes are jointly and severally guaranteed by all of its existing 100% owned U.S. subsidiaries that guarantee the Revolving Credit Facility and any future U.S. subsidiaries that guarantee the Revolving Credit Facility or other material indebtedness Era Group may incur in the future (the “Guarantors”). All the Guarantors currently guarantee the Revolving Credit Facility, and the guarantees of the Guarantors are full and unconditional and joint and several. As a result of the agreement by these subsidiaries to guarantee the 7.750% Senior Notes, the Company is presenting the following condensed consolidating balance sheets and statements of operations, comprehensive income and cash flows for Era Group (“Parent”), the Guarantors and the Company’s other subsidiaries (“Non-guarantors”). These statements should be read in conjunction with the unaudited condensed consolidated financial statements of the Company. The supplemental condensed consolidating financial information has been prepared pursuant to the rules and regulations for condensed financial information and does not include all disclosures included in annual financial statements. Supplemental Condensed Consolidating Balance Sheet as of September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 10,877 $ — $ 2,931 $ — $ 13,808 Receivables: Trade, net of allowance for doubtful accounts of $1,999 40 39,364 94 — 39,498 Other — 2,460 43 10 2,513 Inventories, net — 24,735 197 — 24,932 Deferred income taxes 4,134 — — (1,858 ) 2,276 Prepaid expenses and other 607 2,326 122 — 3,055 Escrow deposits 190 2,107 — — 2,297 Total current assets 15,848 70,992 3,387 (1,848 ) 88,379 Property and equipment — 1,150,020 25,673 — 1,175,693 Accumulated depreciation — (308,103 ) (2,967 ) — (311,070 ) Net property and equipment — 841,917 22,706 — 864,623 Equity investments and advances — 30,256 — — 30,256 Investments in consolidated subsidiaries 198,957 — — (198,957 ) — Goodwill — 352 1,237 — 1,589 Intangible assets — — 1,411 — 1,411 Intercompany receivables 501,929 — 1,199 (503,128 ) — Other assets 5,704 6,818 — — 12,522 Total assets $ 722,438 $ 950,335 $ 29,940 $ (703,933 ) $ 998,780 LIABILITIES, REDEEMABLE NONCONTROLLING INTREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 449 $ 10,895 $ 693 $ — $ 12,037 Accrued wages and benefits — 7,828 33 — 7,861 Accrued interest 3,977 15 — — 3,992 Current portion of long-term debt — 25,335 — — 25,335 Derivative instruments — 71 — — 71 Accrued income taxes — 7,404 1 10 7,415 Other current liabilities 960 3,767 8 — 4,735 Total current liabilities 5,386 55,315 735 10 61,446 Long-term debt 242,754 — 119 — 242,873 Deferred income taxes — 215,038 818 (1,858 ) 213,998 Intercompany payables — 481,130 21,998 (503,128 ) — Other liabilities — 1,956 — — 1,956 Total liabilities 248,140 753,439 23,670 (504,976 ) 520,273 Redeemable noncontrolling interest — — 4,783 — 4,783 Equity: Era Group Inc. stockholders’ equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares 207 — — — 207 Additional paid-in capital 432,774 99,812 5,056 (104,868 ) 432,774 Retained earnings 43,949 97,658 (3,569 ) (94,089 ) 43,949 Treasury shares, at cost, 151,193 shares (2,632 ) — — — (2,632 ) Accumulated other comprehensive income, net of tax — 92 — — 92 Total Era Group Inc. stockholders’ equity 474,298 197,562 1,487 (198,957 ) 474,390 Noncontrolling interest in subsidiary — (666 ) — — (666 ) Total equity 474,298 196,896 1,487 (198,957 ) 473,724 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 722,438 $ 950,335 $ 29,940 $ (703,933 ) $ 998,780 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 16,481 $ 22,188 $ 2,198 $ — $ 40,867 Receivables: Trade, net of allowance for doubtful accounts of $1,955 39 33,351 — — 33,390 Other, net of allowance for doubtful accounts of $437 65 1,997 — — 2,062 Inventories, net — 26,869 — — 26,869 Deferred income taxes 4,083 — — (2,087 ) 1,996 Prepaid expenses and other 424 2,237 — — 2,661 Total current assets 21,092 86,642 2,198 (2,087 ) 107,845 Property and equipment — 1,161,330 9,937 — 1,171,267 Accumulated depreciation — (306,010 ) (2,131 ) — (308,141 ) Net property and equipment — 855,320 7,806 — 863,126 Equity investments and advances — 31,753 — — 31,753 Investments in consolidated subsidiaries 182,294 — — (182,294 ) — Goodwill — 352 — — 352 Intercompany receivables 616,932 12,258 1,395 (630,585 ) — Other assets 6,914 7,184 — — 14,098 Total assets $ 827,232 $ 993,509 $ 11,399 $ (814,966 ) $ 1,017,174 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 299 $ 14,817 $ 4 $ — $ 15,120 Accrued wages and benefits — 7,521 — — 7,521 Accrued interest 930 19 — — 949 Current portion of long-term debt — 27,426 — — 27,426 Derivative instruments 784 325 — — 1,109 Accrued income taxes — 267 — — 267 Other current liabilities 556 2,606 — — 3,162 Total current liabilities 2,569 52,981 4 — 55,554 Long-term debt 282,118 — — — 282,118 Deferred income taxes — 219,114 — (2,087 ) 217,027 Intercompany payables 81,986 536,341 12,258 (630,585 ) — Other liabilities — 2,111 — — 2,111 Total liabilities 366,673 810,547 12,262 (632,672 ) 556,810 Equity: Era Group Inc. stockholders’ equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,371,672 outstanding, exclusive of treasury shares 204 — — — 204 Additional paid-in capital 429,109 99,845 496 (100,341 ) 429,109 Retained earnings 31,797 83,312 (1,359 ) (81,953 ) 31,797 Treasury shares, at cost, 18,609 shares (551 ) — — — (551 ) Accumulated other comprehensive income, net of tax — 95 — — 95 Total Era Group Inc. stockholders’ equity 460,559 183,252 (863 ) (182,294 ) 460,654 Noncontrolling interest in subsidiary — (290 ) — — (290 ) Total equity 460,559 182,962 (863 ) (182,294 ) 460,364 Total liabilities and stockholders’ equity $ 827,232 $ 993,509 $ 11,399 $ (814,966 ) $ 1,017,174 Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 69,491 $ 655 $ (405 ) $ 69,741 Costs and expenses: Operating — 42,812 600 (405 ) 43,007 Administrative and general 1,773 9,329 136 — 11,238 Depreciation — 11,674 512 — 12,186 Total costs and expenses 1,773 63,815 1,248 (405 ) 66,431 Gains on asset dispositions, net — 1,813 — — 1,813 Operating income (loss) (1,773 ) 7,489 (593 ) — 5,123 Other income (expense): Interest income 4 228 — — 232 Interest expense (2,801 ) (298 ) (22 ) — (3,121 ) Intercompany interest income (expense) — 165 (165 ) — — Gain on debt extinguishment (16 ) — — — (16 ) Derivative losses, net — 8 — — 8 Foreign currency gains, net 4 75 67 — 146 Total other income (expense) (2,809 ) 178 (120 ) — (2,751 ) Income (loss) before income taxes and equity earnings (4,582 ) 7,667 (713 ) — 2,372 Income tax expense (benefit) (2,593 ) 4,340 (404 ) — 1,343 Income (loss) before equity earnings (1,989 ) 3,327 (309 ) — 1,029 Equity losses, net of tax — (376 ) — — (376 ) Equity in earnings (losses) of subsidiaries 2,850 — — (2,850 ) — Net income (loss) 861 2,951 (309 ) (2,850 ) 653 Net loss attributable to non-controlling interest in subsidiary — 49 159 — 208 Net income (loss) attributable to Era Group Inc. $ 861 $ 3,000 $ (150 ) $ (2,850 ) $ 861 Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 90,120 $ 527 $ (137 ) $ 90,510 Costs and expenses: Operating — 54,289 58 (65 ) 54,282 Administrative and general 2,047 10,966 — (72 ) 12,941 Depreciation — 11,601 145 — 11,746 Total costs and expenses 2,047 76,856 203 (137 ) 78,969 Gains on asset dispositions, net — 42 — — 42 Operating income (2,047 ) 13,306 324 — 11,583 Other income (expense): Interest income 18 111 1 — 130 Interest expense (3,444 ) (185 ) — — (3,629 ) Derivative losses, net (1,605 ) (98 ) — — (1,703 ) Foreign currency losses, net (188 ) (297 ) — — (485 ) Other, net (2 ) (1 ) — — (3 ) Total other income (expense) (5,221 ) (470 ) 1 — (5,690 ) Income (loss) before income taxes and equity earnings (7,268 ) 12,836 325 — 5,893 Income tax expense (benefit) (3,540 ) 6,250 158 — 2,868 Income (loss) before equity earnings (3,728 ) 6,586 167 — 3,025 Equity earnings, net of tax — 1,286 — — 1,286 Equity in earnings (losses) of subsidiaries 7,994 — — (7,994 ) — Net income (loss) 4,266 7,872 167 (7,994 ) 4,311 Net income attributable to non-controlling interest in subsidiary — (45 ) — — (45 ) Net income (loss) attributable to Era Group Inc. $ 4,266 $ 7,827 $ 167 $ (7,994 ) $ 4,266 Supplemental Condensed Consolidating Statements of Operations for the Nine Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 207,550 $ 1,087 $ (743 ) $ 207,894 Costs and expenses: Operating — 125,886 1,253 (743 ) 126,396 Administrative and general 4,889 26,582 289 — 31,760 Depreciation — 34,341 845 — 35,186 Total costs and expenses 4,889 186,809 2,387 (743 ) 193,342 Gains on asset dispositions, net — 7,564 (2,605 ) — 4,959 Operating income (loss) (4,889 ) 28,305 (3,905 ) — 19,511 Other income (expense): Interest income 12 786 2 — 800 Interest expense (8,909 ) (605 ) (33 ) — (9,547 ) Intercompany interest income (expense) — 489 (489 ) — — Gain on debt extinguishment 248 — — — 248 Derivative losses, net — (14 ) — — (14 ) Foreign currency gains (losses), net 620 (2,958 ) 67 — (2,271 ) Gain on sale of FBO 12,946 — — — 12,946 Other, net — — (9 ) — (9 ) Total other income (expense) 4,917 (2,302 ) (462 ) — 2,153 Income (loss) before income taxes and equity earnings 28 26,003 (4,367 ) — 21,664 Income tax expense (benefit) 12 11,314 (1,900 ) — 9,426 Income (loss) before equity earnings 16 14,689 (2,467 ) — 12,238 Equity losses, net of tax — (719 ) — — (719 ) Equity in earnings (losses) of subsidiaries 12,136 — — (12,136 ) — Net income (loss) 12,152 13,970 (2,467 ) (12,136 ) 11,519 Net loss attributable to non-controlling interest in subsidiary — 376 257 — 633 Net income (loss) attributable to Era Group Inc. $ 12,152 $ 14,346 $ (2,210 ) $ (12,136 ) $ 12,152 Supplemental Condensed Consolidating Statements of Operations for the Nine Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 256,013 $ 1,034 $ (514 ) $ 256,533 Costs and expenses: Operating — 158,686 212 (297 ) 158,601 Administrative and general 5,496 29,061 — (217 ) 34,340 Depreciation — 34,021 437 — 34,458 Total costs and expenses 5,496 221,768 649 (514 ) 227,399 Gains on asset dispositions, net — 6,072 — — 6,072 Operating income (5,496 ) 40,317 385 — 35,206 Other income (expense): Interest income 63 351 4 — 418 Interest expense (10,617 ) (605 ) — — (11,222 ) Intercompany interest income (expense) — 254 (254 ) — — Derivative losses, net (1,605 ) (139 ) — — (1,744 ) Note receivable impairment (2,457 ) — — — (2,457 ) Foreign currency losses, net 2,257 (2,778 ) — — (521 ) Other, net 10 — — — 10 Total other income (expense) (12,349 ) (2,917 ) (250 ) — (15,516 ) Income (loss) before income taxes and equity earnings (17,845 ) 37,400 135 — 19,690 Income tax expense (benefit) (7,370 ) 15,444 56 — 8,130 Income (loss) before equity earnings (10,475 ) 21,956 79 — 11,560 Equity earnings, net of tax — 2,321 — — 2,321 Equity in earnings (losses) of subsidiaries 24,407 — — (24,407 ) — Net income (loss) 13,932 24,277 79 (24,407 ) 13,881 Net loss attributable to non-controlling interest in subsidiary — 51 — — 51 Net income (loss) attributable to Era Group Inc. $ 13,932 $ 24,328 $ 79 $ (24,407 ) $ 13,932 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 861 $ 2,951 $ (309 ) $ (2,850 ) $ 653 Other comprehensive income (loss): Foreign currency translation adjustments — (1 ) 137 — 136 Total other comprehensive income (loss) — (1 ) 137 — 136 Comprehensive income (loss) 861 2,950 (172 ) (2,850 ) 789 Comprehensive loss attributable to non-controlling interest in subsidiary — 49 159 — 208 Comprehensive income (loss) attributable to Era Group Inc. $ 861 $ 2,999 $ (13 ) $ (2,850 ) $ 997 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 4,266 $ 7,872 $ 167 $ (7,994 ) $ 4,311 Other comprehensive loss: Foreign currency translation adjustments — (65 ) — — (65 ) Income tax benefit — 18 — — 18 Total other comprehensive loss — (47 ) — — (47 ) Comprehensive income (loss) 4,266 7,825 167 (7,994 ) 4,264 Comprehensive income attributable to non-controlling interest in subsidiary — (45 ) — — (45 ) Comprehensive income (loss) attributable to Era Group Inc. $ 4,266 $ 7,780 $ 167 $ (7,994 ) $ 4,219 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Nine Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 12,152 $ 13,970 $ (2,467 ) $ (12,136 ) $ 11,519 Other comprehensive loss: Foreign currency translation adjustments — (4 ) — — (4 ) Income tax benefit — 1 — — 1 Total other comprehensive loss — (3 ) — — (3 ) Comprehensive income (loss) 12,152 13,967 (2,467 ) (12,136 ) 11,516 Comprehensive loss attributable to non-controlling interest in subsidiary — 376 257 — 633 Comprehensive income (loss) attributable to Era Group Inc. $ 12,152 $ 14,343 $ (2,210 ) $ (12,136 ) $ 12,149 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Nine Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 13,932 $ 24,277 $ 79 $ (24,407 ) $ 13,881 Other comprehensive loss: Foreign currency translation adjustments — (119 ) — — (119 ) Income tax benefit — 42 — — 42 Total other comprehensive loss — (77 ) — — (77 ) Comprehensive income (loss) 13,932 24,200 79 (24,407 ) 13,804 Comprehensive loss attributable to non-controlling interest in subsidiary — 51 — — 51 Comprehensive income (loss) attributable to Era Group Inc. $ 13,932 $ 24,251 $ 79 $ (24,407 ) $ 13,855 Supplemental Condensed Consolidating Statements of Cash Flows for the Nine Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ (5,604 ) $ 25,718 $ 15,729 $ — $ 35,843 Cash flows from investing activities: Purchases of property and equipment — (47,257 ) (11,773 ) 11,770 (47,260 ) Proceeds from disposition of property and equipment — 32,401 — (11,770 ) 20,631 Cash settlements on forward contracts, net — — — (1,103 ) (1,103 ) Business acquisitions, net of cash acquired — — (3,165 ) — (3,165 ) Proceeds from sale of FBO — — — 14,252 14,252 Principal payments on notes due from equity investees — 514 — — 514 Principal payments on third party notes receivable — 25 — — 25 Escrow deposits, net — (2,007 ) — (190 ) (2,197 ) Repayment of intercompany debt — 12,959 — (12,959 ) — Net cash used in investing activities — (3,365 ) (14,938 ) — (18,303 ) Cash flows from financing activities: Payments on long-term debt — (2,091 ) (58 ) (50,000 ) (52,149 ) Proceeds from Revolving Credit Facility — — — 35,000 35,000 Extinguishment of long-term debt — — — (24,335 ) (24,335 ) Proceeds from share award plans — — — 1,096 1,096 Purchase of treasury shares — — — (2,069 ) (2,069 ) Tax expense on vested restricted stock — — — (114 ) (114 ) Repayment of intercompany debt — (40,422 ) — 40,422 — Net cash used in financing activities — (42,513 ) (58 ) — (42,571 ) Effects of exchange rate changes on cash and cash equivalents — (2,028 ) — — (2,028 ) Net increase (decrease) in cash and cash equivalents (5,604 ) (22,188 ) 733 — (27,059 ) Cash and cash equivalents, beginning of period 16,481 22,188 2,198 — 40,867 Cash and cash equivalents, end of period $ 10,877 $ — $ 2,931 $ — $ 13,808 Supplemental Condensed Consolidating Statements of Cash Flows for the Nine Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ (2,296 ) $ 63,542 $ 720 $ — $ 61,966 Cash flows from investing activities: Purchases of property and equipment — (63,966 ) — — (63,966 ) Proceeds from disposition of property and equipment — 7,020 — — 7,020 Investments in and advances to equity investees — (125 ) — — (125 ) Proceeds from sale of interest in equity investees — 6,381 — — 6,381 Principal payments on notes due from equity investees — 474 — — 474 Principal payments on third party notes receivable — 424 — — 424 Net cash used in investing activities — (49,792 ) — — (49,792 ) Cash flows from financing activities: Payments on long-term debt — (2,187 ) — — (2,187 ) Revolving Credit Facility issuance costs — — — (2,446 ) (2,446 ) Proceeds from share award plans — — — 1,458 1,458 Repayment of intercompany debt — (988 ) — 988 — Net cash used in financing activities — (3,175 ) — — (3,175 ) Effects of exchange rate changes on cash and cash equivalents — 23 — — 23 Net decrease in cash and cash equivalents (2,296 ) 10,598 720 — 9,022 Cash and cash equivalents, beginning of period 24,635 5,403 1,297 — 31,335 Cash and cash equivalents, end of period $ 22,339 $ 16,001 $ 2,017 $ — $ 40,357

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On October 1, 2015, the Company’s partner in Aeróleo completed the transfer of 50% of the economic and 80% of the voting interest in Aeróleo to a third party. Aeróleo and the Company are required to pay an aggregate of $1.4 million to complete the transaction. In connection with the transfer, the Company entered into a shareholders agreement with the new partner that requires supermajority shareholder and/or board approval with respect to specified, significant actions, and a put/call option arrangement which gives the Company the right to purchase at any time, and the new partner the right to put to the Company after two years, the new partner’s interest in Aeróleo. As a result of these partnership provisions, the Company is deemed by U.S. GAAP to be the primary beneficiary of Aeróleo, which will be consolidated in the Company’s financial statements beginning in the fourth quarter of 2015. As a part of the same transaction, the Company obtained the remaining 50% ownership interest in Era do Brazil, a single purpose entity which owns one AW139 medium helicopter leased to Aeróleo, resulting in 100% ownership. Era do Brazil is a VIE, and as the primary beneficiary, the Company has been consolidating Era do Brazil in its financial statements since September 2012.

BASIS OF PRESENTATION AND ACC22

BASIS OF PRESENTATION AND ACCOUNTING POLICY (Policy)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Consolidation	Basis of Consolidation . The consolidated financial statements include the accounts of Era Group Inc., its wholly and majority-owned subsidiaries and entities that meet the criteria of Variable Interest Entities (“VIEs”) of which the Company is the primary beneficiary. All significant inter-company accounts and transactions are eliminated in consolidation. Era do Brazil LLC (“Era do Brazil”) is a VIE of which the Company is the primary beneficiary. Aeróleo Taxi Aereo S/A (“Aeróleo”) meets the criteria of a VIE; however, the Company is not the primary beneficiary, and Aeróleo is therefore not consolidated.
Revenue Recognition	Revenue Recognition. The Company recognizes revenues when they are realized or realizable and earned. Revenues are realized or realizable and earned when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable, and collectability is reasonably assured. Revenues that do not meet these criteria are deferred until the criteria are met.
Receivables	Receivables . Customers are primarily major integrated and independent exploration and production companies, hospitals, international helicopter operators and the U.S. government. Customers are typically granted credit on a short-term basis, and related credit risks are considered minimal. The Company routinely reviews its receivables and makes provisions for probable doubtful accounts; however, those provisions are estimates and actual results could differ from those estimates and those differences may be material. Receivables are deemed uncollectible and removed from receivables and the allowance for doubtful accounts when collection efforts have been exhausted
New Accounting Standards	New Accounting Standards. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 - Revenue From Contracts With Customers , which will base revenue recognition on the contract between a vendor and customer and will require reporting entities to allocate the transaction price to various performance obligations in a contract and recognize revenues when those performance obligations are satisfied. ASU 2014-09 will be effective for annual reporting periods beginning after December 15, 2017 and any interim periods within that period. Early adoption is permitted for annual reporting periods beginning after December 15, 2016 and any interim periods within that period. The Company is currently evaluating the potential impact and the method of the adoption of ASU 2014-09 on its consolidated financial statements. In February 2015, the FASB issued ASU 2015-02 - Consolidation , which amends the guidance for evaluating whether certain entities should be consolidated, particularly for general partner and limited partner relationships and VIEs that have fee arrangements or related party relationships with a reporting entity. ASU 2015-02 will be effective for annual reporting periods beginning after December 15, 2015 and any interim periods within that period, and early adoption is permitted. The Company has not adopted ASU 2015-02 and believes adoption will not have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03 - Interest - Imputation of Interest , which requires debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct reduction of the carrying amount of that liability. The recognition and measurement guidance for debt issuance costs is not affected by this ASU. ASU 2015-03 will be effective for annual reporting periods beginning after December 15, 2015 and any interim periods within that period, and early adoption is permitted. In September 2015, the FASB issued ASU 2015-15 - Interest - Imputation of Interest , which amends ASU 2015-03 to allow issuers to continue to recognize debt issuance costs related to line-of-credit arrangements as an asset and amortize that asset over the term of the credit agreement. The Company has not adopted ASU 2015-03 or ASU 2015-15. As of September 30, 2015 and December 31, 2014 , the Company had debt issuance costs of $3.4 million and $4.0 million , respectively, exclusive of debt issuance costs associated with its amended and restated senior secured revolving credit facility (the “Revolving Credit Facility”). Such costs are included in other assets on the condensed consolidated balance sheets. The Company believes the adoption of ASU 2015-03 would reduce other assets and long-term debt by such amounts. In July 2015, the FASB issued ASU 2015-11 - Inventory , which is intended to simplify the way reporting entities account for inventory by requiring it to be valued at the lower of cost and net realizable value unless that entity uses the last-in, first-out or the retail inventory valuation method. ASU 2015-11 is effective for annual reporting periods beginning after December 15, 2016 and any interim periods within that period, and early adoption is permitted as of the beginning of an interim or annual reporting period. The Company has not adopted ASU 2015-11 and believes adoption will not have a material impact on its consolidated financial statements. In September 2015, the FASB issued ASU 2015-16 - Business Combinations , which requires adjustments to provisional amounts recorded in business combinations to be recognized in the reporting period in which they are identified either separately on the face of the income statement or in the notes to the financial statements. ASU 2015-16 is effective for annual reporting periods beginning after December 15, 2015 and any interim periods within that period, and early adoption is permitted. The Company adopted ASU 2015-16 effective on July 1, 2015, and such adoption did not have a material impact on its consolidated financial statements.

BASIS OF PRESENTATION AND ACC23

BASIS OF PRESENTATION AND ACCOUNTING POLICY (Tables)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred revenues and related activity	The unrecognized revenues and related activity during the three and nine months ended September 30, 2015 and 2014 , were as follows (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Balance at beginning of period $ 37,084 $ 28,477 $ 31,047 $ 24,243 Revenues deferred during the period 12,381 8,861 32,531 25,773 Revenues recognized during the period (7,333 ) (7,837 ) (21,446 ) (20,515 ) Balance at end of period $ 42,132 $ 29,501 $ 42,132 $ 29,501

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The Company’s financial assets and liabilities as of September 30, 2015 and December 31, 2014 that are measured at fair value on a recurring basis were as follows (in thousands): Level 1 Level 2 Level 3 September 30, 2015 LIABILITIES Derivative instruments (1) $ — $ 71 $ — December 31, 2014 LIABILITIES Derivative instruments (1) $ — $ 1,109 $ — ____________________ (1) The fair value of the Company’s derivative instruments was estimated using market data gathered by a third party financial institution, adjusted for market and credit risks applicable to the Company.
Estimated Fair Value Of Other Financial Assets And Liabilities	The estimated fair values of the Company’s other financial assets and liabilities as of September 30, 2015 and December 31, 2014 were as follows (in thousands): Carrying Amount Level 1 Level 2 Level 3 September 30, 2015 LIABILITIES Long-term debt, including current portion $ 268,208 $ — $ 262,459 $ — December 31, 2014 LIABILITIES Long-term debt, including current portion $ 309,544 $ — $ 320,099 $ —

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s borrowings as of September 30, 2015 and December 31, 2014 were as follows (in thousands): September 30, 2015 December 31, 2014 7.750% senior notes (excluding unamortized discount) $ 175,100 $ 200,000 Senior secured revolving credit facility 70,000 85,000 Promissory notes 25,335 27,426 Other 119 — 270,554 312,426 Less: portion due within one year (25,335 ) (27,426 ) Less: debt discount, net (2,346 ) (2,882 ) Total long-term debt $ 242,873 $ 282,118

EARNINGS (LOSS) PER COMMON SH26

EARNINGS (LOSS) PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per common share	Computations of basic and diluted earnings per common share of the Company for the three and nine months ended September 30, 2015 and 2014 were as follows (in thousands, except share and per share data): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Net income (loss) attributable to Era Group Inc. (1) $ 848 $ 4,213 $ 11,989 $ 13,752 Shares: Weighted average common shares outstanding - basic 20,260,514 20,098,239 20,243,653 20,039,609 Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (2) 26,555 65,751 49,129 68,790 Weighted average common shares outstanding - diluted 20,287,069 20,163,990 20,292,782 20,108,399 Earnings (loss) per common share: Basic $ 0.04 $ 0.21 $ 0.59 $ 0.69 Diluted $ 0.04 $ 0.21 $ 0.59 $ 0.68 ____________________ (1) Excludes net income of $13 and $53 attributable to unvested common shares for the three months ended September 30, 2015 and 2014 , respectively, and $163 and $180 for the nine months ended September 30, 2015 and 2014 , respectively. (2) Excludes weighted average common shares of 331,145 and 45,000 for the three months ended September 30, 2015 and 2014 , respectively, and 163,048 and 31,978 for the nine months ended September 30, 2015 and 2014 , respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

SHARE BASED COMPENSATION (Table

SHARE BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share Based Compensation Plans	The number of shares and weighted average grant price of restricted stock awards during the nine months ended September 30, 2015 were as follows: Number of Shares Weighted Average Grant Price Non-vested as of December 31, 2014 195,920 $ 25.48 Restricted stock awards granted: Non-employee directors 16,938 $ 21.26 Employees 176,750 $ 20.78 Vested (71,186 ) $ 25.58 Forfeited (600 ) $ 23.66 Non-vested as of September 30, 2015 317,822 $ 22.62
Schedule of Stock Options Valuation Assumptions	The following table shows the assumptions used to compute the share-based compensation expense for stock options granted during the nine months ended September 30, 2015 : Risk free interest rate 1.48 % Expected life (years) 5 Volatility 35.27 % Dividend yield — % Weighted average exercise price of options granted (per option) $ 20.13 Weighted average grant-date fair value of options granted (per option) $ 6.69

GUARANTORS OF SECURITIES (Table

GUARANTORS OF SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
Condensed Balance Sheet	Supplemental Condensed Consolidating Balance Sheet as of September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 10,877 $ — $ 2,931 $ — $ 13,808 Receivables: Trade, net of allowance for doubtful accounts of $1,999 40 39,364 94 — 39,498 Other — 2,460 43 10 2,513 Inventories, net — 24,735 197 — 24,932 Deferred income taxes 4,134 — — (1,858 ) 2,276 Prepaid expenses and other 607 2,326 122 — 3,055 Escrow deposits 190 2,107 — — 2,297 Total current assets 15,848 70,992 3,387 (1,848 ) 88,379 Property and equipment — 1,150,020 25,673 — 1,175,693 Accumulated depreciation — (308,103 ) (2,967 ) — (311,070 ) Net property and equipment — 841,917 22,706 — 864,623 Equity investments and advances — 30,256 — — 30,256 Investments in consolidated subsidiaries 198,957 — — (198,957 ) — Goodwill — 352 1,237 — 1,589 Intangible assets — — 1,411 — 1,411 Intercompany receivables 501,929 — 1,199 (503,128 ) — Other assets 5,704 6,818 — — 12,522 Total assets $ 722,438 $ 950,335 $ 29,940 $ (703,933 ) $ 998,780 LIABILITIES, REDEEMABLE NONCONTROLLING INTREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 449 $ 10,895 $ 693 $ — $ 12,037 Accrued wages and benefits — 7,828 33 — 7,861 Accrued interest 3,977 15 — — 3,992 Current portion of long-term debt — 25,335 — — 25,335 Derivative instruments — 71 — — 71 Accrued income taxes — 7,404 1 10 7,415 Other current liabilities 960 3,767 8 — 4,735 Total current liabilities 5,386 55,315 735 10 61,446 Long-term debt 242,754 — 119 — 242,873 Deferred income taxes — 215,038 818 (1,858 ) 213,998 Intercompany payables — 481,130 21,998 (503,128 ) — Other liabilities — 1,956 — — 1,956 Total liabilities 248,140 753,439 23,670 (504,976 ) 520,273 Redeemable noncontrolling interest — — 4,783 — 4,783 Equity: Era Group Inc. stockholders’ equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares 207 — — — 207 Additional paid-in capital 432,774 99,812 5,056 (104,868 ) 432,774 Retained earnings 43,949 97,658 (3,569 ) (94,089 ) 43,949 Treasury shares, at cost, 151,193 shares (2,632 ) — — — (2,632 ) Accumulated other comprehensive income, net of tax — 92 — — 92 Total Era Group Inc. stockholders’ equity 474,298 197,562 1,487 (198,957 ) 474,390 Noncontrolling interest in subsidiary — (666 ) — — (666 ) Total equity 474,298 196,896 1,487 (198,957 ) 473,724 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 722,438 $ 950,335 $ 29,940 $ (703,933 ) $ 998,780 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 16,481 $ 22,188 $ 2,198 $ — $ 40,867 Receivables: Trade, net of allowance for doubtful accounts of $1,955 39 33,351 — — 33,390 Other, net of allowance for doubtful accounts of $437 65 1,997 — — 2,062 Inventories, net — 26,869 — — 26,869 Deferred income taxes 4,083 — — (2,087 ) 1,996 Prepaid expenses and other 424 2,237 — — 2,661 Total current assets 21,092 86,642 2,198 (2,087 ) 107,845 Property and equipment — 1,161,330 9,937 — 1,171,267 Accumulated depreciation — (306,010 ) (2,131 ) — (308,141 ) Net property and equipment — 855,320 7,806 — 863,126 Equity investments and advances — 31,753 — — 31,753 Investments in consolidated subsidiaries 182,294 — — (182,294 ) — Goodwill — 352 — — 352 Intercompany receivables 616,932 12,258 1,395 (630,585 ) — Other assets 6,914 7,184 — — 14,098 Total assets $ 827,232 $ 993,509 $ 11,399 $ (814,966 ) $ 1,017,174 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 299 $ 14,817 $ 4 $ — $ 15,120 Accrued wages and benefits — 7,521 — — 7,521 Accrued interest 930 19 — — 949 Current portion of long-term debt — 27,426 — — 27,426 Derivative instruments 784 325 — — 1,109 Accrued income taxes — 267 — — 267 Other current liabilities 556 2,606 — — 3,162 Total current liabilities 2,569 52,981 4 — 55,554 Long-term debt 282,118 — — — 282,118 Deferred income taxes — 219,114 — (2,087 ) 217,027 Intercompany payables 81,986 536,341 12,258 (630,585 ) — Other liabilities — 2,111 — — 2,111 Total liabilities 366,673 810,547 12,262 (632,672 ) 556,810 Equity: Era Group Inc. stockholders’ equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,371,672 outstanding, exclusive of treasury shares 204 — — — 204 Additional paid-in capital 429,109 99,845 496 (100,341 ) 429,109 Retained earnings 31,797 83,312 (1,359 ) (81,953 ) 31,797 Treasury shares, at cost, 18,609 shares (551 ) — — — (551 ) Accumulated other comprehensive income, net of tax — 95 — — 95 Total Era Group Inc. stockholders’ equity 460,559 183,252 (863 ) (182,294 ) 460,654 Noncontrolling interest in subsidiary — (290 ) — — (290 ) Total equity 460,559 182,962 (863 ) (182,294 ) 460,364 Total liabilities and stockholders’ equity $ 827,232 $ 993,509 $ 11,399 $ (814,966 ) $ 1,017,174
Condensed Income Statement	Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 69,491 $ 655 $ (405 ) $ 69,741 Costs and expenses: Operating — 42,812 600 (405 ) 43,007 Administrative and general 1,773 9,329 136 — 11,238 Depreciation — 11,674 512 — 12,186 Total costs and expenses 1,773 63,815 1,248 (405 ) 66,431 Gains on asset dispositions, net — 1,813 — — 1,813 Operating income (loss) (1,773 ) 7,489 (593 ) — 5,123 Other income (expense): Interest income 4 228 — — 232 Interest expense (2,801 ) (298 ) (22 ) — (3,121 ) Intercompany interest income (expense) — 165 (165 ) — — Gain on debt extinguishment (16 ) — — — (16 ) Derivative losses, net — 8 — — 8 Foreign currency gains, net 4 75 67 — 146 Total other income (expense) (2,809 ) 178 (120 ) — (2,751 ) Income (loss) before income taxes and equity earnings (4,582 ) 7,667 (713 ) — 2,372 Income tax expense (benefit) (2,593 ) 4,340 (404 ) — 1,343 Income (loss) before equity earnings (1,989 ) 3,327 (309 ) — 1,029 Equity losses, net of tax — (376 ) — — (376 ) Equity in earnings (losses) of subsidiaries 2,850 — — (2,850 ) — Net income (loss) 861 2,951 (309 ) (2,850 ) 653 Net loss attributable to non-controlling interest in subsidiary — 49 159 — 208 Net income (loss) attributable to Era Group Inc. $ 861 $ 3,000 $ (150 ) $ (2,850 ) $ 861 Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 90,120 $ 527 $ (137 ) $ 90,510 Costs and expenses: Operating — 54,289 58 (65 ) 54,282 Administrative and general 2,047 10,966 — (72 ) 12,941 Depreciation — 11,601 145 — 11,746 Total costs and expenses 2,047 76,856 203 (137 ) 78,969 Gains on asset dispositions, net — 42 — — 42 Operating income (2,047 ) 13,306 324 — 11,583 Other income (expense): Interest income 18 111 1 — 130 Interest expense (3,444 ) (185 ) — — (3,629 ) Derivative losses, net (1,605 ) (98 ) — — (1,703 ) Foreign currency losses, net (188 ) (297 ) — — (485 ) Other, net (2 ) (1 ) — — (3 ) Total other income (expense) (5,221 ) (470 ) 1 — (5,690 ) Income (loss) before income taxes and equity earnings (7,268 ) 12,836 325 — 5,893 Income tax expense (benefit) (3,540 ) 6,250 158 — 2,868 Income (loss) before equity earnings (3,728 ) 6,586 167 — 3,025 Equity earnings, net of tax — 1,286 — — 1,286 Equity in earnings (losses) of subsidiaries 7,994 — — (7,994 ) — Net income (loss) 4,266 7,872 167 (7,994 ) 4,311 Net income attributable to non-controlling interest in subsidiary — (45 ) — — (45 ) Net income (loss) attributable to Era Group Inc. $ 4,266 $ 7,827 $ 167 $ (7,994 ) $ 4,266 Supplemental Condensed Consolidating Statements of Operations for the Nine Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 207,550 $ 1,087 $ (743 ) $ 207,894 Costs and expenses: Operating — 125,886 1,253 (743 ) 126,396 Administrative and general 4,889 26,582 289 — 31,760 Depreciation — 34,341 845 — 35,186 Total costs and expenses 4,889 186,809 2,387 (743 ) 193,342 Gains on asset dispositions, net — 7,564 (2,605 ) — 4,959 Operating income (loss) (4,889 ) 28,305 (3,905 ) — 19,511 Other income (expense): Interest income 12 786 2 — 800 Interest expense (8,909 ) (605 ) (33 ) — (9,547 ) Intercompany interest income (expense) — 489 (489 ) — — Gain on debt extinguishment 248 — — — 248 Derivative losses, net — (14 ) — — (14 ) Foreign currency gains (losses), net 620 (2,958 ) 67 — (2,271 ) Gain on sale of FBO 12,946 — — — 12,946 Other, net — — (9 ) — (9 ) Total other income (expense) 4,917 (2,302 ) (462 ) — 2,153 Income (loss) before income taxes and equity earnings 28 26,003 (4,367 ) — 21,664 Income tax expense (benefit) 12 11,314 (1,900 ) — 9,426 Income (loss) before equity earnings 16 14,689 (2,467 ) — 12,238 Equity losses, net of tax — (719 ) — — (719 ) Equity in earnings (losses) of subsidiaries 12,136 — — (12,136 ) — Net income (loss) 12,152 13,970 (2,467 ) (12,136 ) 11,519 Net loss attributable to non-controlling interest in subsidiary — 376 257 — 633 Net income (loss) attributable to Era Group Inc. $ 12,152 $ 14,346 $ (2,210 ) $ (12,136 ) $ 12,152 Supplemental Condensed Consolidating Statements of Operations for the Nine Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 256,013 $ 1,034 $ (514 ) $ 256,533 Costs and expenses: Operating — 158,686 212 (297 ) 158,601 Administrative and general 5,496 29,061 — (217 ) 34,340 Depreciation — 34,021 437 — 34,458 Total costs and expenses 5,496 221,768 649 (514 ) 227,399 Gains on asset dispositions, net — 6,072 — — 6,072 Operating income (5,496 ) 40,317 385 — 35,206 Other income (expense): Interest income 63 351 4 — 418 Interest expense (10,617 ) (605 ) — — (11,222 ) Intercompany interest income (expense) — 254 (254 ) — — Derivative losses, net (1,605 ) (139 ) — — (1,744 ) Note receivable impairment (2,457 ) — — — (2,457 ) Foreign currency losses, net 2,257 (2,778 ) — — (521 ) Other, net 10 — — — 10 Total other income (expense) (12,349 ) (2,917 ) (250 ) — (15,516 ) Income (loss) before income taxes and equity earnings (17,845 ) 37,400 135 — 19,690 Income tax expense (benefit) (7,370 ) 15,444 56 — 8,130 Income (loss) before equity earnings (10,475 ) 21,956 79 — 11,560 Equity earnings, net of tax — 2,321 — — 2,321 Equity in earnings (losses) of subsidiaries 24,407 — — (24,407 ) — Net income (loss) 13,932 24,277 79 (24,407 ) 13,881 Net loss attributable to non-controlling interest in subsidiary — 51 — — 51 Net income (loss) attributable to Era Group Inc. $ 13,932 $ 24,328 $ 79 $ (24,407 ) $ 13,932
Condensed Statement of Comprehensive Income	Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 861 $ 2,951 $ (309 ) $ (2,850 ) $ 653 Other comprehensive income (loss): Foreign currency translation adjustments — (1 ) 137 — 136 Total other comprehensive income (loss) — (1 ) 137 — 136 Comprehensive income (loss) 861 2,950 (172 ) (2,850 ) 789 Comprehensive loss attributable to non-controlling interest in subsidiary — 49 159 — 208 Comprehensive income (loss) attributable to Era Group Inc. $ 861 $ 2,999 $ (13 ) $ (2,850 ) $ 997 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 4,266 $ 7,872 $ 167 $ (7,994 ) $ 4,311 Other comprehensive loss: Foreign currency translation adjustments — (65 ) — — (65 ) Income tax benefit — 18 — — 18 Total other comprehensive loss — (47 ) — — (47 ) Comprehensive income (loss) 4,266 7,825 167 (7,994 ) 4,264 Comprehensive income attributable to non-controlling interest in subsidiary — (45 ) — — (45 ) Comprehensive income (loss) attributable to Era Group Inc. $ 4,266 $ 7,780 $ 167 $ (7,994 ) $ 4,219 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Nine Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 12,152 $ 13,970 $ (2,467 ) $ (12,136 ) $ 11,519 Other comprehensive loss: Foreign currency translation adjustments — (4 ) — — (4 ) Income tax benefit — 1 — — 1 Total other comprehensive loss — (3 ) — — (3 ) Comprehensive income (loss) 12,152 13,967 (2,467 ) (12,136 ) 11,516 Comprehensive loss attributable to non-controlling interest in subsidiary — 376 257 — 633 Comprehensive income (loss) attributable to Era Group Inc. $ 12,152 $ 14,343 $ (2,210 ) $ (12,136 ) $ 12,149 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Nine Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 13,932 $ 24,277 $ 79 $ (24,407 ) $ 13,881 Other comprehensive loss: Foreign currency translation adjustments — (119 ) — — (119 ) Income tax benefit — 42 — — 42 Total other comprehensive loss — (77 ) — — (77 ) Comprehensive income (loss) 13,932 24,200 79 (24,407 ) 13,804 Comprehensive loss attributable to non-controlling interest in subsidiary — 51 — — 51 Comprehensive income (loss) attributable to Era Group Inc. $ 13,932 $ 24,251 $ 79 $ (24,407 ) $ 13,855
Condensed Cash Flow Statement	Supplemental Condensed Consolidating Statements of Cash Flows for the Nine Months Ended September 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ (5,604 ) $ 25,718 $ 15,729 $ — $ 35,843 Cash flows from investing activities: Purchases of property and equipment — (47,257 ) (11,773 ) 11,770 (47,260 ) Proceeds from disposition of property and equipment — 32,401 — (11,770 ) 20,631 Cash settlements on forward contracts, net — — — (1,103 ) (1,103 ) Business acquisitions, net of cash acquired — — (3,165 ) — (3,165 ) Proceeds from sale of FBO — — — 14,252 14,252 Principal payments on notes due from equity investees — 514 — — 514 Principal payments on third party notes receivable — 25 — — 25 Escrow deposits, net — (2,007 ) — (190 ) (2,197 ) Repayment of intercompany debt — 12,959 — (12,959 ) — Net cash used in investing activities — (3,365 ) (14,938 ) — (18,303 ) Cash flows from financing activities: Payments on long-term debt — (2,091 ) (58 ) (50,000 ) (52,149 ) Proceeds from Revolving Credit Facility — — — 35,000 35,000 Extinguishment of long-term debt — — — (24,335 ) (24,335 ) Proceeds from share award plans — — — 1,096 1,096 Purchase of treasury shares — — — (2,069 ) (2,069 ) Tax expense on vested restricted stock — — — (114 ) (114 ) Repayment of intercompany debt — (40,422 ) — 40,422 — Net cash used in financing activities — (42,513 ) (58 ) — (42,571 ) Effects of exchange rate changes on cash and cash equivalents — (2,028 ) — — (2,028 ) Net increase (decrease) in cash and cash equivalents (5,604 ) (22,188 ) 733 — (27,059 ) Cash and cash equivalents, beginning of period 16,481 22,188 2,198 — 40,867 Cash and cash equivalents, end of period $ 10,877 $ — $ 2,931 $ — $ 13,808 Supplemental Condensed Consolidating Statements of Cash Flows for the Nine Months Ended September 30, 2014 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ (2,296 ) $ 63,542 $ 720 $ — $ 61,966 Cash flows from investing activities: Purchases of property and equipment — (63,966 ) — — (63,966 ) Proceeds from disposition of property and equipment — 7,020 — — 7,020 Investments in and advances to equity investees — (125 ) — — (125 ) Proceeds from sale of interest in equity investees — 6,381 — — 6,381 Principal payments on notes due from equity investees — 474 — — 474 Principal payments on third party notes receivable — 424 — — 424 Net cash used in investing activities — (49,792 ) — — (49,792 ) Cash flows from financing activities: Payments on long-term debt — (2,187 ) — — (2,187 ) Revolving Credit Facility issuance costs — — — (2,446 ) (2,446 ) Proceeds from share award plans — — — 1,458 1,458 Repayment of intercompany debt — (988 ) — 988 — Net cash used in financing activities — (3,175 ) — — (3,175 ) Effects of exchange rate changes on cash and cash equivalents — 23 — — 23 Net decrease in cash and cash equivalents (2,296 ) 10,598 720 — 9,022 Cash and cash equivalents, beginning of period 24,635 5,403 1,297 — 31,335 Cash and cash equivalents, end of period $ 22,339 $ 16,001 $ 2,017 $ — $ 40,357

BASIS OF PRESENTATION AND ACC29

BASIS OF PRESENTATION AND ACCOUNTING POLICY Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Nature of Operations and Accounting Policies [Line Items]
Deferred revenue	$ 42,132	$ 37,084	$ 31,047	$ 29,501	$ 28,477	$ 24,243
Debt issuance cost	3,400		$ 4,000
Aeroleo
Nature of Operations and Accounting Policies [Line Items]
Deferred revenue	$ 42,100

BASIS OF PRESENTATION AND ACC30

BASIS OF PRESENTATION AND ACCOUNTING POLICY Deferred Revenues Included In Other Current Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Movement in Deferred Revenue [Roll Forward]
Balance at beginning of period	$ 37,084	$ 28,477	$ 31,047	$ 24,243
Revenues deferred during the period	12,381	8,861	32,531	25,773
Revenues recognized during the period	(7,333)	(7,837)	(21,446)	(20,515)
Balance at end of period	$ 42,132	$ 29,501	$ 42,132	$ 29,501

FAIR VALUE MEASUREMENTS Financi

FAIR VALUE MEASUREMENTS Financial Assets And Liabilities Measured At Fair Value On Recurring Basis (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments		$ 100	$ 300
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments	[1]	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments	[1]	71	1,109
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments	[1]	$ 0	$ 0
[1]	The fair value of the Company’s derivative instruments was estimated using market data gathered by a third party financial institution, adjusted for market and credit risks applicable to the Company.

FAIR VALUE MEASUREMENTS Estimat

FAIR VALUE MEASUREMENTS Estimated Fair Value Of Other Financial Assets And Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 268,208	$ 309,544
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	262,459	320,099
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 0	$ 0

DERIVATIVE INSTRUMENTS Narrativ

DERIVATIVE INSTRUMENTS Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2011USD ($)interest_rate_derivative_held
Derivative [Line Items]
Derivative instruments fair value liability	$ 0.1		$ 0.1		$ 0.3
Recognized gain	0.1	$ 0	0.2	$ 0.2
Loss on derivative instrument	$ 0		$ 0.3
Interest Rate Swap
Derivative [Line Items]
Number of interest rate swaps held | interest_rate_derivative_held						2
Notional amount of interest rate derivatives						$ 25.4
Interest Rate Swap | Interest Rate Swap Agreement 1
Derivative [Line Items]
Fixed interest rate						1.29%
Interest Rate Swap | Interest Rate Swap Agreement 2
Derivative [Line Items]
Fixed interest rate						1.76%

ESCROW DEPOSITS Narrative (Deta

ESCROW DEPOSITS Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)helicopter	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Significant Acquisitions and Disposals [Line Items]
Deposits in like-kind exchange escrow accounts	$ 2,000		$ 2,000		$ 0
Proceeds from disposition of property and equipment			$ 20,631	$ 7,020
Light Twin Helicopter
Significant Acquisitions and Disposals [Line Items]
Number of disposals | helicopter			1
Proceeds from disposition of property and equipment			$ 2,800
AW139 Helicopter
Significant Acquisitions and Disposals [Line Items]
Withdrawal from escrow account	$ 1,400	$ 8,400
AW139 Helicopter | Hauser
Significant Acquisitions and Disposals [Line Items]
Number of disposals | helicopter			1
Escrow deposit by Hauser			$ 11,800

ACQUISITIONS AND DISPOSITIONS N

ACQUISITIONS AND DISPOSITIONS Narrative (Details) $ in Thousands	May. 01, 2015USD ($)	Apr. 09, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)helicopter	Sep. 30, 2014USD ($)helicopter	Dec. 31, 2014USD ($)
Property, Plant and Equipment [Line Items]
Business acquisitions, net of cash acquired					$ 3,165	$ 0
Goodwill			$ 1,589		1,589		$ 352
Purchases of property and equipment					47,260	63,966
Capitalized interest payments			1,800	$ 1,000	5,400	3,000
Proceeds from disposition of property and equipment					20,631	7,020
Gains on asset dispositions, net			1,813	42	4,959	6,072
Investment in sales-type leases			700		700
Proceeds from sale of FBO					14,252	0
Pre-tax gain on sale			0	$ 0	12,946	$ 0
Hauser
Property, Plant and Equipment [Line Items]
Business acquisitions, net of cash acquired		$ 3,200
Percentage of business acquired		75.00%
Goodwill		$ 1,200
Other intangible assets		$ 1,400
Partner's percent of ownership interest		25.00%
Sicher
Property, Plant and Equipment [Line Items]
Percentage of business acquired		100.00%
Era FBO LLC.
Property, Plant and Equipment [Line Items]
Percentage of subsidiary sold	100.00%
Proceeds from sale of FBO	$ 14,300
Pre-tax gain on sale	$ 12,900
Construction in Progress
Property, Plant and Equipment [Line Items]
Interest capitalized in property and equipment			9,400		$ 9,400		$ 5,000
BO-105 Light Twin Helicopter
Property, Plant and Equipment [Line Items]
Number of acquisitions | helicopter					3
AS350 Single Engine Helicopter
Property, Plant and Equipment [Line Items]
Number of acquisitions | helicopter					1
AW139 Medium Helicopter
Property, Plant and Equipment [Line Items]
Number of acquisitions | helicopter						4
Other Types of Properties and Equipment
Property, Plant and Equipment [Line Items]
Proceeds from disposition of property and equipment					$ 18,500
Gains on asset dispositions, net					3,100
Equipment Leased to Other Party
Property, Plant and Equipment [Line Items]
Gains on asset dispositions, net					$ 1,200
Number of disposals from purchase option | helicopter					3
Investment in lease asset			$ 2,300		$ 2,300
Equipment Leased to Other Party, Early Buy-Out
Property, Plant and Equipment [Line Items]
Proceeds from disposition of property and equipment					2,100
Gains on asset dispositions, net					$ 600
Number of disposals from purchase option exercised | helicopter					2

INCOME TAXES Narrative (Details

INCOME TAXES Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Investments, Owned, Federal Income Tax Note [Line Items]
Effective tax rate	56.60%	48.70%	43.50%	41.30%
One-time income tax expense			$ 1
Percentage increase in effective income tax rate			4.40%
Non-US
Investments, Owned, Federal Income Tax Note [Line Items]
Effective income tax rate increased due to non-deductible losses	22.80%

LONG-TERM DEBT Schedule of Long

LONG-TERM DEBT Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term debt	$ 270,554	$ 312,426
Less: portion due within one year	(25,335)	(27,426)
Less: debt discount, net	(2,346)	(2,882)
Total long-term debt	242,873	282,118
7.750%Senior Notes
Debt Instrument [Line Items]
7.750% senior notes (excluding unamortized discount)	175,100	200,000
Senior secured revolving credit facility
Debt Instrument [Line Items]
Long-term debt	70,000	85,000
Promissory notes
Debt Instrument [Line Items]
Long-term debt	25,335	27,426
Other
Debt Instrument [Line Items]
Long-term debt	$ 119	$ 0

LONG-TERM DEBT Narrative (Detai

LONG-TERM DEBT Narrative (Details) - USD ($)	Dec. 07, 2012	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Mar. 31, 2014
Debt Instrument [Line Items]
Gain (loss) on debt extinguishment		$ (16,000)	$ 0	$ 248,000	$ 0
Outstanding borrowings		270,554,000		270,554,000		$ 312,426,000
7.750%Senior Notes | Senior Unsecured Notes Due December 15, 2022
Debt Instrument [Line Items]
Aggregate principal amount	$ 200,000,000
Stated interest rate	7.75%
Proceeds from issuance of long-term debt	$ 191,900,000
Repurchase amount				24,900,000
Senior secured revolving credit facility
Debt Instrument [Line Items]
Outstanding borrowings		70,000,000		70,000,000		85,000,000
Promissory notes
Debt Instrument [Line Items]
Outstanding borrowings		25,335,000		25,335,000		$ 27,426,000
Payments on other long-term debt				$ 2,100,000
Senior secured revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing amount							$ 300,000,000
Increase in commitments due to accordion feature							100,000,000
Commitment fee basis point				0.50%
Remaining borrowing capacity		227,200,000		$ 227,200,000
Letters of credit outstanding		$ 2,800,000		2,800,000
Debt issuance cost				$ 2,400,000
Senior secured revolving credit facility | Minimum
Debt Instrument [Line Items]
Commitment fee basis point				0.375%
Senior secured revolving credit facility | Maximum
Debt Instrument [Line Items]
Commitment fee basis point				0.50%
Senior secured revolving credit facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				1.25%
Senior secured revolving credit facility | Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				0.75%
Senior secured revolving credit facility | Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Senior secured revolving credit facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate				2.25%
Senior secured revolving credit facility | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Senior secured revolving credit facility | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				3.00%
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing amount							$ 50,000,000

COMMITMENTS AND CONTINGENCIES N

COMMITMENTS AND CONTINGENCIES Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Apr. 30, 2014	Sep. 30, 2015USD ($)helicopter	Sep. 30, 2015USD ($)helicopter
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Total unfunded capital commitments		$ 174.5	$ 174.5
Purchase commitments payable during the period		65.3	65.3
Deposits paid on options not yet exercised		1.6	1.6
Potential reduction amount of liability		107.3	107.3
Liquidated amount liability		2.5	2.5
Aircraft maintenance credits period	4 years
Utilized credits		$ 1.4	$ 3.9
Minimum
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Application period for credits			6 months
Maximum
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Application period for credits			9 months
AW189 Heavy Helicopters
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Number of helicopters (in helicopters) | helicopter		9	9
Additional number of helicopters (in helicopters) | helicopter		10	10
S92 Heavy Helicopters
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Number of helicopters (in helicopters) | helicopter		3	3
Additional number of helicopters (in helicopters) | helicopter		3	3
AW169 Light Twin Helicopters
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Number of helicopters (in helicopters) | helicopter		5	5

EARNINGS (LOSS) PER COMMON SH40

EARNINGS (LOSS) PER COMMON SHARE Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss) attributable to Era Group Inc.	[1]	$ 848	$ 4,213	$ 11,989		$ 13,752
Weighted average common shares outstanding - basic (shares)		20,260,514	20,098,239	20,243,653		20,039,609
Weighted average common shares outstanding - diluted (in shares)		20,287,069	20,163,990	20,292,782		20,108,399
Basic Earnings (loss) per common share (in dollars per share)		$ 0.04	$ 0.21	$ 0.59		$ 0.69
Diluted Earnings (loss) per common share (in dollars per share)		$ 0.04	$ 0.21	$ 0.59		$ 0.68
Stock Options and Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (in shares)		26,555	65,751	49,129	[2]	68,790	[2]
Unvested restricted common shares (in shares)		331,145	45,000	163,048		31,978
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to common shares		$ 13	$ 53	$ 163		$ 180
[1]	Excludes net income of $13 and $53 attributable to unvested common shares for the three months ended September 30, 2015 and 2014, respectively, and $163 and $180 for the nine months ended September 30, 2015 and 2014, respectively.
[2]	Excludes weighted average common shares of 331,145 and 45,000 for the three months ended September 30, 2015 and 2014, respectively, and 163,048 and 31,978 for the nine months ended September 30, 2015 and 2014, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

RELATED PARTY TRANSACTIONS Narr

RELATED PARTY TRANSACTIONS Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
SEACOR
Related Party Transaction [Line Items]
Payable due to Seacor	$ 100,000		$ 100,000		$ 300,000
Dart
Related Party Transaction [Line Items]
Amount of purchased products	500,000	$ 1,200,000	1,700,000	$ 2,800,000
Note receivable	3,700,000		3,700,000		4,000,000
Amended and Restated Transition Services Agreement | SEACOR
Related Party Transaction [Line Items]
Incurred costs under the TSA	0	800,000	600,000	2,300,000
Training Services | Era Training Center, LLC
Related Party Transaction [Line Items]
Note receivable	4,400,000		4,400,000		$ 4,700,000
Payments for services	0	$ 100,000	300,000	$ 300,000
Standby Letters of Credit
Related Party Transaction [Line Items]
Letters of credit outstanding	$ 1,800,000		$ 1,800,000

Share Based Compensation Plans

Share Based Compensation Plans (Details) - Restricted Stock	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, beginning balance, shares | shares	195,920,000
Non-vested, beginning balance, Weighted average grant price (USD per share)	$ 25.48
Vested, shares | shares	(71,186,000)
Vested, Weighted average grant price (USD per shares)	$ 25.58
Forfeited, shares | shares	(600,000)
Forfeited, Weighed average grant price (USD per share)	$ 23.66
Non-vested, ending balance, shares | shares	317,822,000
Non-vested, ending balance, Weighted average grant price (USD per share)	$ 22.62
Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards granted, shares | shares	16,938,000
Restricted stock awards granted Weighted average grant price (USD per share)	$ 21.26
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards granted, shares | shares	176,750,000
Restricted stock awards granted Weighted average grant price (USD per share)	$ 20.78

SHARE BASED COMPENSATION Narrat

SHARE BASED COMPENSATION Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	75,000
Share-based compensation	$ 2,674	$ 5,126
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	$ 1,800	4,000
2013 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under ESPP (in shares)	66,273
Number of shares available for grant (in shares)	180,641
Share-based compensation	$ 2,700	$ 5,200

Schedule of Stock Options Valua

Schedule of Stock Options Valuation Assumptions (Details)	9 Months Ended
	Sep. 30, 2015$ / shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk free interest rate	1.48%
Expected life (years)	5 years
Volatility	35.27%
Dividend yield	0.00%
Weighted average exercise price of options granted (per option) (USD per share)	$ 20.13
Weighted average grant-date fair value of options granted (per option) (USD per share)	$ 6.69

GUARANTORS OF SECURITIES (Narra

GUARANTORS OF SECURITIES (Narrative ) (Details)	Dec. 07, 2012
Senior Unsecured Notes Due December 15, 2022 | 7.750%Senior Notes
Debt Instrument [Line Items]
Stated interest rate	7.75%

GUARANTORS OF SECURITIES (Conde

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 13,808	$ 40,867	$ 40,357	$ 31,335
Receivables:
Trade, net of allowance for doubtful accounts of $1,999	39,498	33,390
Other	2,513	2,062
Inventories, net	24,932	26,869
Deferred income taxes	2,276	1,996
Prepaid expenses and other	3,055	2,661
Escrow deposits	2,297	0
Total current assets	88,379	107,845
Property and equipment	1,175,693	1,171,267
Accumulated depreciation	(311,070)	(308,141)
Net property and equipment	864,623	863,126
Equity investments and advances	30,256	31,753
Investments in consolidated subsidiaries	0	0
Goodwill	1,589	352
Intangible assets	1,411	0
Intercompany receivables	0	0
Other assets	12,522	14,098
Total assets	998,780	1,017,174
Current liabilities:
Accounts payable and accrued expenses	12,037	15,120
Accrued wages and benefits	7,861	7,521
Accrued interest	3,992	949
Less: portion due within one year	25,335	27,426
Derivative instruments	71	1,109
Accrued income taxes	7,415	267
Other current liabilities	4,735	3,162
Total current liabilities	61,446	55,554
Long-term debt	242,873	282,118
Deferred income taxes	213,998	217,027
Intercompany payables	0	0
Other liabilities	1,956	2,111
Total liabilities	520,273	556,810
Redeemable noncontrolling interest	4,783	0
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares	207	204
Additional paid-in capital	432,774	429,109
Retained earnings	43,949	31,797
Treasury shares, at cost, 151,193 shares	(2,632)	(551)
Accumulated other comprehensive income, net of tax	92	95
Total Era Group Inc. stockholders’ equity	474,390	460,654
Noncontrolling interest	(666)	(290)
Total equity	473,724	460,364
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	998,780	1,017,174
Parent
Current assets:
Cash and cash equivalents	10,877	16,481	22,339	24,635
Receivables:
Trade, net of allowance for doubtful accounts of $1,999	40	39
Other	0	65
Inventories, net	0	0
Deferred income taxes	4,134	4,083
Prepaid expenses and other	607	424
Escrow deposits	190
Total current assets	15,848	21,092
Property and equipment	0	0
Accumulated depreciation	0	0
Net property and equipment	0	0
Equity investments and advances	0	0
Investments in consolidated subsidiaries	198,957	182,294
Goodwill	0	0
Intangible assets	0
Intercompany receivables	501,929	616,932
Other assets	5,704	6,914
Total assets	722,438	827,232
Current liabilities:
Accounts payable and accrued expenses	449	299
Accrued wages and benefits	0	0
Accrued interest	3,977	930
Less: portion due within one year	0	0
Derivative instruments	0	784
Accrued income taxes	0	0
Other current liabilities	960	556
Total current liabilities	5,386	2,569
Long-term debt	242,754	282,118
Deferred income taxes	0	0
Intercompany payables	0	81,986
Other liabilities	0	0
Total liabilities	248,140	366,673
Redeemable noncontrolling interest	0
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares	207	204
Additional paid-in capital	432,774	429,109
Retained earnings	43,949	31,797
Treasury shares, at cost, 151,193 shares	(2,632)	(551)
Accumulated other comprehensive income, net of tax	0	0
Total Era Group Inc. stockholders’ equity	474,298	460,559
Noncontrolling interest	0	0
Total equity	474,298	460,559
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	722,438	827,232
Guarantors
Current assets:
Cash and cash equivalents	0	22,188	16,001	5,403
Receivables:
Trade, net of allowance for doubtful accounts of $1,999	39,364	33,351
Other	2,460	1,997
Inventories, net	24,735	26,869
Deferred income taxes	0	0
Prepaid expenses and other	2,326	2,237
Escrow deposits	2,107
Total current assets	70,992	86,642
Property and equipment	1,150,020	1,161,330
Accumulated depreciation	(308,103)	(306,010)
Net property and equipment	841,917	855,320
Equity investments and advances	30,256	31,753
Investments in consolidated subsidiaries	0	0
Goodwill	352	352
Intangible assets	0
Intercompany receivables	0	12,258
Other assets	6,818	7,184
Total assets	950,335	993,509
Current liabilities:
Accounts payable and accrued expenses	10,895	14,817
Accrued wages and benefits	7,828	7,521
Accrued interest	15	19
Less: portion due within one year	25,335	27,426
Derivative instruments	71	325
Accrued income taxes	7,404	267
Other current liabilities	3,767	2,606
Total current liabilities	55,315	52,981
Long-term debt	0	0
Deferred income taxes	215,038	219,114
Intercompany payables	481,130	536,341
Other liabilities	1,956	2,111
Total liabilities	753,439	810,547
Redeemable noncontrolling interest	0
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares	0	0
Additional paid-in capital	99,812	99,845
Retained earnings	97,658	83,312
Treasury shares, at cost, 151,193 shares	0	0
Accumulated other comprehensive income, net of tax	92	95
Total Era Group Inc. stockholders’ equity	197,562	183,252
Noncontrolling interest	(666)	(290)
Total equity	196,896	182,962
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	950,335	993,509
Non-guarantors
Current assets:
Cash and cash equivalents	2,931	2,198	2,017	1,297
Receivables:
Trade, net of allowance for doubtful accounts of $1,999	94	0
Other	43	0
Inventories, net	197	0
Deferred income taxes	0	0
Prepaid expenses and other	122	0
Escrow deposits	0
Total current assets	3,387	2,198
Property and equipment	25,673	9,937
Accumulated depreciation	(2,967)	(2,131)
Net property and equipment	22,706	7,806
Equity investments and advances	0	0
Investments in consolidated subsidiaries	0	0
Goodwill	1,237	0
Intangible assets	1,411
Intercompany receivables	1,199	1,395
Other assets	0	0
Total assets	29,940	11,399
Current liabilities:
Accounts payable and accrued expenses	693	4
Accrued wages and benefits	33	0
Accrued interest	0	0
Less: portion due within one year	0	0
Derivative instruments	0	0
Accrued income taxes	1	0
Other current liabilities	8	0
Total current liabilities	735	4
Long-term debt	119	0
Deferred income taxes	818	0
Intercompany payables	21,998	12,258
Other liabilities	0	0
Total liabilities	23,670	12,262
Redeemable noncontrolling interest	4,783
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares	0	0
Additional paid-in capital	5,056	496
Retained earnings	(3,569)	(1,359)
Treasury shares, at cost, 151,193 shares	0	0
Accumulated other comprehensive income, net of tax	0	0
Total Era Group Inc. stockholders’ equity	1,487	(863)
Noncontrolling interest	0	0
Total equity	1,487	(863)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	29,940	11,399
Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Receivables:
Trade, net of allowance for doubtful accounts of $1,999	0	0
Other	10	0
Inventories, net	0	0
Deferred income taxes	(1,858)	(2,087)
Prepaid expenses and other	0	0
Escrow deposits	0
Total current assets	(1,848)	(2,087)
Property and equipment	0	0
Accumulated depreciation	0	0
Net property and equipment	0	0
Equity investments and advances	0	0
Investments in consolidated subsidiaries	(198,957)	(182,294)
Goodwill	0	0
Intangible assets	0
Intercompany receivables	(503,128)	(630,585)
Other assets	0	0
Total assets	(703,933)	(814,966)
Current liabilities:
Accounts payable and accrued expenses	0	0
Accrued wages and benefits	0	0
Accrued interest	0	0
Less: portion due within one year	0	0
Derivative instruments	0	0
Accrued income taxes	10	0
Other current liabilities	0	0
Total current liabilities	10	0
Long-term debt	0	0
Deferred income taxes	(1,858)	(2,087)
Intercompany payables	(503,128)	(630,585)
Other liabilities	0	0
Total liabilities	(504,976)	(632,672)
Redeemable noncontrolling interest	0
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares	0	0
Additional paid-in capital	(104,868)	(100,341)
Retained earnings	(94,089)	(81,953)
Treasury shares, at cost, 151,193 shares	0	0
Accumulated other comprehensive income, net of tax	0	0
Total Era Group Inc. stockholders’ equity	(198,957)	(182,294)
Noncontrolling interest	0	0
Total equity	(198,957)	(182,294)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ (703,933)	$ (814,966)

GUARANTORS OF SECURITIES (Con47

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Phantom) (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Guarantees [Abstract]
Allowance for doubtful accounts, trade receivables	$ 1,999	$ 1,955
Allowance for doubtful accounts, other receivables	$ 0	$ 437
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares outstanding (in shares)	20,499,050	20,371,672
Treasury shares (in shares)	151,193	18,609

GUARANTORS OF SECURITIES (Con48

GUARANTORS OF SECURITIES (Condensed Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Income Statements, Captions [Line Items]
Operating revenues	$ 69,741	$ 90,510	$ 207,894	$ 256,533
Costs and expenses:
Operating	43,007	54,282	126,396	158,601
Administrative and general	11,238	12,941	31,760	34,340
Depreciation	12,186	11,746	35,186	34,458
Total costs and expenses	66,431	78,969	193,342	227,399
Gains on asset dispositions, net	1,813	42	4,959	6,072
Operating income	5,123	11,583	19,511	35,206
Other income (expense):
Interest income	232	130	800	418
Interest expense	(3,121)	(3,629)	(9,547)	(11,222)
Intercompany interest income (expense)	0		0	0
Gain (loss) on debt extinguishment	(16)	0	248	0
Derivative losses, net	8	(1,703)	(14)	(1,744)
Note receivable impairment	0	0	0	2,457
Foreign currency gains (losses), net	146	(485)	(2,271)	(521)
Gain on sale of FBO	0	0	12,946	0
Other, net	0	(3)	(9)	10
Total other income (expense)	(2,751)	(5,690)	2,153	(15,516)
Income (loss) before income taxes and equity earnings	2,372	5,893	21,664	19,690
Income tax expense (benefit)	1,343	2,868	9,426	8,130
Income (loss) before equity earnings	1,029	3,025	12,238	11,560
Equity earnings (losses), net of tax	(376)	1,286	(719)	2,321
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	653	4,311	11,519	13,881
Net loss (income) attributable to non-controlling interest in subsidiary	208	(45)	633	51
Net income attributable to Era Group Inc.	861	4,266	12,152	13,932
Parent
Condensed Income Statements, Captions [Line Items]
Operating revenues	0	0	0	0
Costs and expenses:
Operating	0	0	0	0
Administrative and general	1,773	2,047	4,889	5,496
Depreciation	0	0	0	0
Total costs and expenses	1,773	2,047	4,889	5,496
Gains on asset dispositions, net	0	0	0	0
Operating income	(1,773)	(2,047)	(4,889)	(5,496)
Other income (expense):
Interest income	4	18	12	63
Interest expense	(2,801)	(3,444)	(8,909)	(10,617)
Intercompany interest income (expense)	0		0	0
Gain (loss) on debt extinguishment	(16)		248
Derivative losses, net	0	(1,605)	0	(1,605)
Note receivable impairment				2,457
Foreign currency gains (losses), net	4	(188)	620	2,257
Gain on sale of FBO			12,946
Other, net		(2)	0	10
Total other income (expense)	(2,809)	(5,221)	4,917	(12,349)
Income (loss) before income taxes and equity earnings	(4,582)	(7,268)	28	(17,845)
Income tax expense (benefit)	(2,593)	(3,540)	12	(7,370)
Income (loss) before equity earnings	(1,989)	(3,728)	16	(10,475)
Equity earnings (losses), net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	2,850	7,994	12,136	24,407
Net income (loss)	861	4,266	12,152	13,932
Net loss (income) attributable to non-controlling interest in subsidiary	0	0	0	0
Net income attributable to Era Group Inc.	861	4,266	12,152	13,932
Guarantors
Condensed Income Statements, Captions [Line Items]
Operating revenues	69,491	90,120	207,550	256,013
Costs and expenses:
Operating	42,812	54,289	125,886	158,686
Administrative and general	9,329	10,966	26,582	29,061
Depreciation	11,674	11,601	34,341	34,021
Total costs and expenses	63,815	76,856	186,809	221,768
Gains on asset dispositions, net	1,813	42	7,564	6,072
Operating income	7,489	13,306	28,305	40,317
Other income (expense):
Interest income	228	111	786	351
Interest expense	(298)	(185)	(605)	(605)
Intercompany interest income (expense)	165		489	254
Gain (loss) on debt extinguishment	0		0
Derivative losses, net	8	(98)	(14)	(139)
Note receivable impairment				0
Foreign currency gains (losses), net	75	(297)	(2,958)	(2,778)
Gain on sale of FBO			0
Other, net		(1)	0	0
Total other income (expense)	178	(470)	(2,302)	(2,917)
Income (loss) before income taxes and equity earnings	7,667	12,836	26,003	37,400
Income tax expense (benefit)	4,340	6,250	11,314	15,444
Income (loss) before equity earnings	3,327	6,586	14,689	21,956
Equity earnings (losses), net of tax	(376)	1,286	(719)	2,321
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	2,951	7,872	13,970	24,277
Net loss (income) attributable to non-controlling interest in subsidiary	49	(45)	376	51
Net income attributable to Era Group Inc.	3,000	7,827	14,346	24,328
Non-guarantors
Condensed Income Statements, Captions [Line Items]
Operating revenues	655	527	1,087	1,034
Costs and expenses:
Operating	600	58	1,253	212
Administrative and general	136	0	289	0
Depreciation	512	145	845	437
Total costs and expenses	1,248	203	2,387	649
Gains on asset dispositions, net	0	0	(2,605)	0
Operating income	(593)	324	(3,905)	385
Other income (expense):
Interest income	0	1	2	4
Interest expense	(22)	0	(33)	0
Intercompany interest income (expense)	(165)		(489)	(254)
Gain (loss) on debt extinguishment	0		0
Derivative losses, net	0	0	0	0
Note receivable impairment				0
Foreign currency gains (losses), net	67	0	67	0
Gain on sale of FBO			0
Other, net		0	(9)	0
Total other income (expense)	(120)	1	(462)	(250)
Income (loss) before income taxes and equity earnings	(713)	325	(4,367)	135
Income tax expense (benefit)	(404)	158	(1,900)	56
Income (loss) before equity earnings	(309)	167	(2,467)	79
Equity earnings (losses), net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	(309)	167	(2,467)	79
Net loss (income) attributable to non-controlling interest in subsidiary	159	0	257	0
Net income attributable to Era Group Inc.	(150)	167	(2,210)	79
Eliminations
Condensed Income Statements, Captions [Line Items]
Operating revenues	(405)	(137)	(743)	(514)
Costs and expenses:
Operating	(405)	(65)	(743)	(297)
Administrative and general	0	(72)	0	(217)
Depreciation	0	0	0	0
Total costs and expenses	(405)	(137)	(743)	(514)
Gains on asset dispositions, net	0	0	0	0
Operating income	0	0	0	0
Other income (expense):
Interest income	0	0	0	0
Interest expense	0	0	0	0
Intercompany interest income (expense)	0		0	0
Gain (loss) on debt extinguishment	0		0
Derivative losses, net	0	0	0	0
Note receivable impairment				0
Foreign currency gains (losses), net	0	0	0	0
Gain on sale of FBO			0
Other, net		0	0	0
Total other income (expense)	0	0	0	0
Income (loss) before income taxes and equity earnings	0	0	0	0
Income tax expense (benefit)	0	0	0	0
Income (loss) before equity earnings	0	0	0	0
Equity earnings (losses), net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	(2,850)	(7,994)	(12,136)	(24,407)
Net income (loss)	(2,850)	(7,994)	(12,136)	(24,407)
Net loss (income) attributable to non-controlling interest in subsidiary	0	0	0	0
Net income attributable to Era Group Inc.	$ (2,850)	$ (7,994)	$ (12,136)	$ (24,407)

GUARANTORS OF SECURITIES (Con49

GUARANTORS OF SECURITIES (Condensed Statement of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ 653	$ 4,311	$ 11,519	$ 13,881
Other comprehensive income (loss):
Foreign currency translation adjustments	136	(65)	(4)	(119)
Income tax benefit	0	18	1	42
Total other comprehensive income (loss)	136	(47)	(3)	(77)
Comprehensive income (loss)	789	4,264	11,516	13,804
Net loss (income) attributable to non-controlling interest in subsidiary	208	(45)	633	51
Comprehensive income (loss) attributable to Era Group Inc.	997	4,219	12,149	13,855
Parent
Condensed Statement of Income Captions [Line Items]
Net income (loss)	861	4,266	12,152	13,932
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0	0
Income tax benefit		0	0	0
Total other comprehensive income (loss)	0	0	0	0
Comprehensive income (loss)	861	4,266	12,152	13,932
Net loss (income) attributable to non-controlling interest in subsidiary	0	0	0	0
Comprehensive income (loss) attributable to Era Group Inc.	861	4,266	12,152	13,932
Guarantors
Condensed Statement of Income Captions [Line Items]
Net income (loss)	2,951	7,872	13,970	24,277
Other comprehensive income (loss):
Foreign currency translation adjustments	(1)	(65)	(4)	(119)
Income tax benefit		18	1	42
Total other comprehensive income (loss)	(1)	(47)	(3)	(77)
Comprehensive income (loss)	2,950	7,825	13,967	24,200
Net loss (income) attributable to non-controlling interest in subsidiary	49	(45)	376	51
Comprehensive income (loss) attributable to Era Group Inc.	2,999	7,780	14,343	24,251
Non-guarantors
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(309)	167	(2,467)	79
Other comprehensive income (loss):
Foreign currency translation adjustments	137	0	0	0
Income tax benefit		0	0	0
Total other comprehensive income (loss)	137	0	0	0
Comprehensive income (loss)	(172)	167	(2,467)	79
Net loss (income) attributable to non-controlling interest in subsidiary	159	0	257	0
Comprehensive income (loss) attributable to Era Group Inc.	(13)	167	(2,210)	79
Eliminations
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(2,850)	(7,994)	(12,136)	(24,407)
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0	0
Income tax benefit		0	0	0
Total other comprehensive income (loss)	0	0	0	0
Comprehensive income (loss)	(2,850)	(7,994)	(12,136)	(24,407)
Net loss (income) attributable to non-controlling interest in subsidiary	0	0	0	0
Comprehensive income (loss) attributable to Era Group Inc.	$ (2,850)	$ (7,994)	$ (12,136)	$ (24,407)

GUARANTORS OF SECURITIES (Con50

GUARANTORS OF SECURITIES (Condensed Cash Flow Statement) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	$ 35,843	$ 61,966
Cash flows from investing activities:
Purchases of property and equipment	(47,260)	(63,966)
Proceeds from disposition of property and equipment	20,631	7,020
Cash settlements on forward contracts, net	(1,103)	0
Business acquisitions, net of cash acquired	(3,165)	0
Proceeds from sale of FBO	14,252	0
Investments in and advances to equity investees	0	(125)
Proceeds from sale of interest in equity investees	0	6,381
Principal payments on notes due from equity investees	514	474
Principal payments on third party notes receivable	25	424
Escrow deposits, net	(2,197)
Repayment of intercompany debt	0
Net cash used in investing activities	(18,303)	(49,792)
Cash flows from financing activities:
Payments on long-term debt	(52,149)	(2,187)
Revolving Credit Facility issuance costs	0	(2,446)
Proceeds from Revolving Credit Facility	35,000	0
Extinguishment of long-term debt	(24,335)	0
Proceeds from share award plans	1,096	1,458
Purchase of treasury shares	(2,069)	0
Tax expense on vested restricted stock	(114)
Repayment of intercompany debt		0
Repayment of intercompany debt	0
Net cash used in financing activities	(42,571)	(3,175)
Effects of exchange rate changes on cash and cash equivalents	(2,028)	23
Net increase (decrease) in cash and cash equivalents	(27,059)	9,022
Cash and cash equivalents, beginning of period	40,867	31,335
Cash and cash equivalents, end of period	13,808	40,357
Parent
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	(5,604)	(2,296)
Cash flows from investing activities:
Purchases of property and equipment	0	0
Proceeds from disposition of property and equipment	0	0
Cash settlements on forward contracts, net	0
Business acquisitions, net of cash acquired	0
Proceeds from sale of FBO	0
Investments in and advances to equity investees		0
Proceeds from sale of interest in equity investees		0
Principal payments on notes due from equity investees	0	0
Principal payments on third party notes receivable	0	0
Escrow deposits, net	0
Repayment of intercompany debt	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Payments on long-term debt	0	0
Revolving Credit Facility issuance costs		0
Proceeds from Revolving Credit Facility	0
Extinguishment of long-term debt	0
Proceeds from share award plans	0	0
Purchase of treasury shares	0
Tax expense on vested restricted stock	0
Repayment of intercompany debt		0
Repayment of intercompany debt	0
Net cash used in financing activities	0	0
Effects of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	(5,604)	(2,296)
Cash and cash equivalents, beginning of period	16,481	24,635
Cash and cash equivalents, end of period	10,877	22,339
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	25,718	63,542
Cash flows from investing activities:
Purchases of property and equipment	(47,257)	(63,966)
Proceeds from disposition of property and equipment	32,401	7,020
Cash settlements on forward contracts, net	0
Business acquisitions, net of cash acquired	0
Proceeds from sale of FBO	0
Investments in and advances to equity investees		(125)
Proceeds from sale of interest in equity investees		6,381
Principal payments on notes due from equity investees	514	474
Principal payments on third party notes receivable	25	424
Escrow deposits, net	(2,007)
Repayment of intercompany debt	12,959
Net cash used in investing activities	(3,365)	(49,792)
Cash flows from financing activities:
Payments on long-term debt	(2,091)	(2,187)
Revolving Credit Facility issuance costs		0
Proceeds from Revolving Credit Facility	0
Extinguishment of long-term debt	0
Proceeds from share award plans	0	0
Purchase of treasury shares	0
Tax expense on vested restricted stock	0
Repayment of intercompany debt		(988)
Repayment of intercompany debt	(40,422)
Net cash used in financing activities	(42,513)	(3,175)
Effects of exchange rate changes on cash and cash equivalents	(2,028)	23
Net increase (decrease) in cash and cash equivalents	(22,188)	10,598
Cash and cash equivalents, beginning of period	22,188	5,403
Cash and cash equivalents, end of period	0	16,001
Non-guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	15,729	720
Cash flows from investing activities:
Purchases of property and equipment	(11,773)	0
Proceeds from disposition of property and equipment	0	0
Cash settlements on forward contracts, net	0
Business acquisitions, net of cash acquired	(3,165)
Proceeds from sale of FBO	0
Investments in and advances to equity investees		0
Proceeds from sale of interest in equity investees		0
Principal payments on notes due from equity investees	0	0
Principal payments on third party notes receivable	0	0
Escrow deposits, net	0
Repayment of intercompany debt	0
Net cash used in investing activities	(14,938)	0
Cash flows from financing activities:
Payments on long-term debt	(58)	0
Revolving Credit Facility issuance costs		0
Proceeds from Revolving Credit Facility	0
Extinguishment of long-term debt	0
Proceeds from share award plans	0	0
Purchase of treasury shares	0
Tax expense on vested restricted stock	0
Repayment of intercompany debt		0
Repayment of intercompany debt	0
Net cash used in financing activities	(58)	0
Effects of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	733	720
Cash and cash equivalents, beginning of period	2,198	1,297
Cash and cash equivalents, end of period	2,931	2,017
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Purchases of property and equipment	11,770	0
Proceeds from disposition of property and equipment	(11,770)	0
Cash settlements on forward contracts, net	(1,103)
Business acquisitions, net of cash acquired	0
Proceeds from sale of FBO	14,252
Investments in and advances to equity investees		0
Proceeds from sale of interest in equity investees		0
Principal payments on notes due from equity investees	0	0
Principal payments on third party notes receivable	0	0
Escrow deposits, net	(190)
Repayment of intercompany debt	(12,959)
Net cash used in investing activities	0	0
Cash flows from financing activities:
Payments on long-term debt	(50,000)	0
Revolving Credit Facility issuance costs		(2,446)
Proceeds from Revolving Credit Facility	35,000
Extinguishment of long-term debt	(24,335)
Proceeds from share award plans	1,096	1,458
Purchase of treasury shares	(2,069)
Tax expense on vested restricted stock	(114)
Repayment of intercompany debt		988
Repayment of intercompany debt	40,422
Net cash used in financing activities	0	0
Effects of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	$ 0	$ 0

SUBSEQUENT EVENTS (Narratvie) (

SUBSEQUENT EVENTS (Narratvie) (Details) - Subsequent Event $ in Millions	Oct. 01, 2015USD ($)helicopter
Aerolo | Co-venturer
Subsequent Event [Line Items]
Put option holding period	2 years
Aerolo | Variable Interest Entity, Not Primary Beneficiary
Subsequent Event [Line Items]
Economic interest, percent	50.00%
Variable interest, percent	80.00%
Aerolo | Variable Interest Entity, Not Primary Beneficiary | Co-venturer
Subsequent Event [Line Items]
Severance and partial repayments of shareholder loans	$ 1.4
Era do Brazil | Variable Interest Entity, Primary Beneficiary
Subsequent Event [Line Items]
Ownership percentage obtained	50.00%
Number of helicopters | helicopter	1
Ownership percentage	100.00%