Bristow (VTOL) 10-Q 8 Aug 17 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 04, 2017
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	Jun. 30, 2017
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		21,279,467

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents (including $1,430 and $1,448 from VIEs in 2017 and 2016, respectively)	$ 28,878	$ 26,950
Receivables:
Trade, net of allowance for doubtful accounts of $1,249 and $1,219 in 2017 and 2016, respectively (including $4,788 and $5,989 from VIEs in 2017 and 2016, respectively)	32,824	32,470
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively)	3,000	3,461
Other (including $881 and $1,019 from VIEs in 2017 and 2016, respectively)	3,172	2,716
Inventories, net (including $22 and $46 from VIEs in 2017 and 2016, respectively)	24,296	25,417
Prepaid expenses (including $95 and $158 from VIEs in 2017 and 2016, respectively)	2,518	1,579
Escrow deposits	0	3,777
Total current assets	94,688	96,370
Property and equipment (including $952 and $844 from VIEs in 2017 and 2016, respectively)	1,164,048	1,154,028
Accumulated depreciation (including $198 and $98 from VIEs in 2017 and 2016, respectively)	(353,830)	(332,219)
Property and equipment, net	810,218	821,809
Equity investments and advances	29,852	29,266
Intangible assets	1,129	1,137
Other assets (including $61 and $48 from VIEs in 2017 and 2016, respectively)	5,593	6,591
Total assets	941,480	955,173
Current liabilities:
Accounts payable and accrued expenses (including $1,976 and $1,788 from VIEs in 2017 and 2016, respectively)	12,884	8,876
Accrued wages and benefits (including $1,754 and $2,009 from VIEs in 2017 and 2016, respectively)	8,708	8,507
Accrued interest	527	529
Accrued income taxes	291	666
Accrued other taxes (including $505 and $773 from VIEs in 2017 and 2016, respectively)	1,145	1,447
Accrued contingencies (including $1,334 and $1,237 from VIEs in 2017 and 2016, respectively)	1,334	1,237
Current portion of long-term debt (including $638 and $615 from VIEs in 2017 and 2016, respectively)	2,161	2,139
Other current liabilities (including $8 from VIEs in 2017 and 2016)	2,590	2,222
Total current liabilities	29,640	25,623
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively)	221,354	230,139
Deferred income taxes	222,724	225,472
Other liabilities	944	1,301
Total liabilities	474,662	482,535
Commitments and contingencies (see Note 8)
Redeemable noncontrolling interest	3,769	4,221
Equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,279,467 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares	215	211
Additional paid-in capital	441,595	438,489
Retained earnings	24,117	32,524
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively	(2,968)	(2,899)
Accumulated other comprehensive income, net of tax	90	92
Total equity	463,049	468,417
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ 941,480	$ 955,173

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Cash and cash equivalents (including $1,430 and $1,448 from VIEs in 2017 and 2016, respectively)	$ 28,878	$ 26,950
Allowance for doubtful accounts, trade receivables	1,249	1,219
Trade, net of allowance for doubtful accounts of $1,249 and $1,219 in 2017 and 2016, respectively (including $4,788 and $5,989 from VIEs in 2017 and 2016, respectively)	32,824	32,470
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively)	3,000	3,461
Other (including $881 and $1,019 from VIEs in 2017 and 2016, respectively)	3,172	2,716
Inventories, net (including $22 and $46 from VIEs in 2017 and 2016, respectively)	24,296	25,417
Prepaid expenses (including $95 and $158 from VIEs in 2017 and 2016, respectively)	2,518	1,579
Property and equipment (including $952 and $844 from VIEs in 2017 and 2016, respectively)	1,164,048	1,154,028
Accumulated depreciation (including $198 and $98 from VIEs in 2017 and 2016, respectively)	(353,830)	(332,219)
Other assets (including $61 and $48 from VIEs in 2017 and 2016, respectively)	5,593	6,591
Accounts payable and accrued expenses (including $1,976 and $1,788 from VIEs in 2017 and 2016, respectively)	12,884	8,876
Accrued wages and benefits (including $1,754 and $2,009 from VIEs in 2017 and 2016, respectively)	8,708	8,507
Accrued other taxes (including $505 and $773 from VIEs in 2017 and 2016, respectively)	1,145	1,447
Accrued contingencies (including $1,334 and $1,237 from VIEs in 2017 and 2016, respectively)	1,334	1,237
Current portion of long-term debt (including $638 and $615 from VIEs in 2017 and 2016, respectively)	2,161	2,139
Other current liabilities (including $8 from VIEs in 2017 and 2016)	2,590	2,222
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively)	$ 221,354	$ 230,139
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)	21,279,467	20,936,636
Treasury shares (in shares)	179,730	175,350
Variable Interest Entity, Primary Beneficiary
Cash and cash equivalents (including $1,430 and $1,448 from VIEs in 2017 and 2016, respectively)	$ 1,430	$ 1,448
Trade, net of allowance for doubtful accounts of $1,249 and $1,219 in 2017 and 2016, respectively (including $4,788 and $5,989 from VIEs in 2017 and 2016, respectively)	4,788	5,989
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively)	2,984	3,448
Other (including $881 and $1,019 from VIEs in 2017 and 2016, respectively)	881	1,019
Inventories, net (including $22 and $46 from VIEs in 2017 and 2016, respectively)	22	46
Prepaid expenses (including $95 and $158 from VIEs in 2017 and 2016, respectively)	95	158
Property and equipment (including $952 and $844 from VIEs in 2017 and 2016, respectively)	952	844
Accumulated depreciation (including $198 and $98 from VIEs in 2017 and 2016, respectively)	(198)	(98)
Other assets (including $61 and $48 from VIEs in 2017 and 2016, respectively)	61	48
Accounts payable and accrued expenses (including $1,976 and $1,788 from VIEs in 2017 and 2016, respectively)	1,976	1,788
Accrued wages and benefits (including $1,754 and $2,009 from VIEs in 2017 and 2016, respectively)	1,754	2,009
Accrued other taxes (including $505 and $773 from VIEs in 2017 and 2016, respectively)	505	773
Accrued contingencies (including $1,334 and $1,237 from VIEs in 2017 and 2016, respectively)	1,334	1,237
Current portion of long-term debt (including $638 and $615 from VIEs in 2017 and 2016, respectively)	638	615
Other current liabilities (including $8 from VIEs in 2017 and 2016)	8	8
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively)	$ 2,538	$ 2,767

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Operating revenues	$ 57,878	$ 63,351	$ 112,405	$ 125,933
Costs and expenses:
Operating	41,335	47,396	79,092	91,703
Administrative and general	9,902	8,140	20,283	17,367
Depreciation and amortization	11,978	12,691	23,532	25,457
Total costs and expenses	63,215	68,227	122,907	134,527
Gains on asset dispositions, net	5,061	1,367	5,170	4,280
Operating loss	(276)	(3,509)	(5,332)	(4,314)
Other income (expense):
Interest income	185	403	435	704
Interest expense	(3,934)	(4,130)	(7,523)	(8,878)
Foreign currency gains (losses), net	(136)	329	(108)	610
Gain on debt extinguishment	0	518	0	518
Other, net	(8)	46	4	29
Total other income (expense)	(3,893)	(2,834)	(7,192)	(7,017)
Income (loss) before income taxes and equity earnings	(4,169)	(6,343)	(12,524)	(11,331)
Income tax benefit	(726)	(1,232)	(2,829)	(2,246)
Income (loss) before equity earnings	(3,443)	(5,111)	(9,695)	(9,085)
Equity earnings, net of tax	371	601	836	625
Net income (loss)	(3,072)	(4,510)	(8,859)	(8,460)
Net loss attributable to noncontrolling interest in subsidiary	285	6,448	452	6,580
Net income (loss) attributable to Era Group Inc.	$ (2,787)	$ 1,938	$ (8,407)	$ (1,880)
Income (loss) per common share:
Basic (in dollars per share)	$ (0.13)	$ 0.09	$ (0.41)	$ (0.09)
Diluted (in dollars per share)	$ (0.13)	$ 0.09	$ (0.41)	$ (0.09)
Weighted average common shares outstanding:
Basic (in shares)	20,789,537	20,361,533	20,650,274	20,290,735
Diluted (in shares)	20,789,537	20,364,382	20,650,274	20,290,735

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (3,072)	$ (4,510)	$ (8,859)	$ (8,460)
Other comprehensive loss:
Foreign currency translation adjustments	0	0	(2)	0
Income tax benefit	0	0	0	0
Total other comprehensive loss	0	0	(2)	0
Comprehensive income (loss)	(3,072)	(4,510)	(8,861)	(8,460)
Comprehensive loss attributable to noncontrolling interest in subsidiary	285	6,448	452	6,580
Comprehensive income (loss) attributable to Era Group Inc.	$ (2,787)	$ 1,938	$ (8,409)	$ (1,880)

Condensed Consolidated Stateme6

Condensed Consolidated Statement Of Changes In Redeemable Noncontrolling Interest And Equity - 6 months ended Jun. 30, 2017 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2016	$ 468,417	$ 211	$ 438,489	$ 32,524	$ (2,899)	$ 92
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants		3	(3)
Employee Stock Purchase Plan	463	1	462
Share award amortization	2,629		2,629
Cancellation of restricted stock	0		18		(18)
Purchase of treasury shares	(51)				(51)
Net loss	(8,859)			(8,859)
Net loss attributable to redeemable noncontrolling interest	452			452
Currency translation adjustments, net of tax	(2)					(2)
Ending Balance at Jun. 30, 2017	463,049	$ 215	$ 441,595	$ 24,117	$ (2,968)	$ 90
Beginning Balance at Dec. 31, 2016	4,221
Increase (Decrease) in Temporary Equity [Roll Forward]
Net loss attributable to redeemable noncontrolling interest	(452)
Ending Balance at Jun. 30, 2017	$ 3,769

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net loss	$ (8,859)	$ (8,460)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	23,532	25,457
Share-based compensation	2,629	2,261
Bad debt expense, net	44	123
Gains on asset dispositions, net	(5,170)	(4,280)
Debt discount amortization	115	79
Amortization of deferred financing costs	565	439
Foreign currency losses (gains), net	58	(912)
Gain on debt extinguishment, net	0	(518)
Deferred income tax benefit	(2,747)	(2,492)
Equity earnings, net of tax	(836)	(625)
Changes in operating assets and liabilities:
Decrease (increase) in receivables	(302)	11,833
Decrease (increase) in prepaid expenses and other assets	681	(993)
Increase in accounts payable, accrued expenses and other liabilities	3,664	6,649
Net cash provided by operating activities	13,374	28,561
Cash flows from investing activities:
Purchases of property and equipment	(12,524)	(5,106)
Proceeds from disposition of property and equipment	5,689	5,910
Return of helicopter deposits	0	544
Investments in and advances to equity investees	(126)	0
Principal payments on notes due from equity investees	375	357
Principal payments on third party notes receivable	94	136
Escrow deposits on like-kind exchanges, net	3,777	0
Net cash provided by (used in) investing activities	(2,715)	1,841
Cash flows from financing activities:
Proceeds from Revolving Credit Facility	9,000	7,000
Payments on long-term debt	(18,162)	(9,093)
Extinguishment of long-term debt	0	(4,331)
Proceeds from share award plans	463	477
Purchase of treasury shares	(51)	(161)
Net cash used in financing activities	(8,750)	(6,108)
Effects of exchange rate changes on cash and cash equivalents	19	496
Net increase in cash and cash equivalents	1,928	24,790
Cash and cash equivalents, beginning of period	26,950	14,370
Cash and cash equivalents, end of period	28,878	39,160
Supplemental cash flow information:
Cash paid for interest, net of capitalized interest of $451 and $0 in 2017 and 2016, respectively	6,844	7,894
Cash paid for income taxes	173	5
Supplemental disclosure of non-cash financing activities:
Notes payable contributed to subsidiary	$ 0	$ 6,349

Condensed Consolidated Stateme8

Condensed Consolidated Statements Of Cash Flows (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement of Cash Flows [Abstract]
Capitalized interest	$ 451	$ 0

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICY	6 Months Ended
	Jun. 30, 2017
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. 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 to “Era Group” refers to Era Group Inc. without its subsidiaries. The condensed consolidated financial information for the three and six months ended June 30, 2017 and 2016 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 June 30, 2017 , its results of operations for the three and six months ended June 30, 2017 and 2016 , its comprehensive income for the three and six months ended June 30, 2017 and 2016 , its changes in equity for the six months ended June 30, 2017 , and its cash flows for the six months ended June 30, 2017 and 2016 . 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, 2016 . 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. Aeróleo Taxi Aereo S/A (“Aeróleo”) is a VIE of which the Company is the primary beneficiary. 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 Company did not defer any revenue during the six months ended June 30, 2017 and 2016 . Receivables . Customers are primarily international, independent and major integrated oil and gas exploration, development 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. 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. In March 2016, the FASB issued ASU 2016-08 - Revenue from Contracts With Customers , in April 2016, the FASB issued ASU 2016-10 - Revenue from Contracts With Customers , in May 2016, the FASB issued ASU 2016-12 - Revenue from Contracts With Customers , and in December 2016, the FASB issued ASU 2016-20 - Technical Corrections and Improvements to Topic 606, Revenue from Contracts With Customers , all of which provide guidance on the application of certain principles in ASU 2014-09. Each of ASU 2014-09, 2016-08, 2016-10 and 2016-12 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 intends to adopt each of ASU 2014-09, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20 in 2018 using the modified retrospective application and is currently evaluating its customer contracts to determine the potential impact of such adoption on its consolidated financial statements. 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 or 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 adopted ASU 2015-11 effective January 1, 2017, and such adoption did not have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 - Leases , which amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective for annual reporting periods beginning after December 15, 2018, and early adoption is permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is still evaluating the potential impact of the adoption of ASU 2016-02 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-07 - Investments - Equity Method and Joint Ventures , which eliminates the requirement to retroactively apply the equity method of accounting for an investment when an increase in the level of ownership or degree of influence causes the investment to qualify for equity method treatment and instead requires the entity to add the cost (if any) of acquiring the additional ownership or degree of influence to the current basis of the investment and apply equity method accounting as of the date the investment qualifies for such treatment. The Company adopted ASU 2016-07 effective January 1, 2017 and such adoption did not have an impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09 - Compensation - Stock Compensation , which simplifies several aspects of accounting for share-based payment transactions including income tax consequences, classification on the statement of cash flows and treatment of forfeitures. The main differences between current GAAP and ASU 2016-09 are (i) tax consequences from changes in fair value of equity awards between the grant date and vesting date will be charged to income tax expense and reported in the operating section of the statement of cash flows in the period in which the award vests and (ii) entities will have the option to estimate award forfeitures as previously prescribed under GAAP or record forfeitures as an adjustment to expense as they occur. The Company adopted ASU 2016-09 effective January 1, 2017 and has elected to record forfeitures of equity awards as an adjustment to expense as they occur and in the period in which they occur. Such adoption and election did not have a material impact on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15 - Classification of Certain Cash Receipts and Cash Payments , which is intended to reduce diversity in reporting certain transactions on the statement of cash flows by clarifying current GAAP where it may be unclear or does not include adequate explanation. ASU 2016-15 will be effective for annual reporting periods beginning after December 15, 2017 including interim periods within that period. Early adoption is permitted as of the beginning of an interim or annual period provided that all amendments included in ASU 2016-15 are adopted in the same period and applied as of the beginning of the annual period in which the statement is adopted. The Company has not adopted ASU 2016-15 and believes such adoption will not have a material impact on its consolidated financial statements. In October 2016, the FASB issued ASU 2016-16 - Income Taxes , which requires entities to recognize income tax consequences of intra-entity transfers of assets, other than inventory, when the transfer occurs rather than when the asset is sold to a third party as is the case under current GAAP. ASU 2016-16 will be effective for annual reporting periods beginning after December 15, 2017 including interim periods within that period. Early adoption is permitted as of the beginning of an annual reporting period for which neither interim nor annual financial statements have been made available. The Company has not adopted ASU 2016-16 and believes such adoption will not have a material impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01 - Business Combinations: Clarifying the Definition of a Business , which narrows the reach of the definition of a business to exclude transactions that are more akin to asset acquisitions or dispositions. ASU 2017-01 will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that period. Early adoption is permitted provided that any transactions affected by the adoption have not been previously disclosed under current GAAP. The Company adopted ASU 2017-01 effective January 1, 2017, and such adoption did not have a material impact on its consolidated financial statements. In May 2017, the FASB issued ASU 2017-09 - Compensation - Stock Compensation: Scope of Modification Accounting , which is designed to reduce diversity in practice and complexity when accounting for changes in the terms of a share-based payment award. ASU 2017-09 will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that period, and early adoption is permitted for any interim period for which financial statements have not yet been issued. The Company has not adopted ASU 2017-09 and believes such adoption will not have a material impact on its consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2017
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. As of June 30, 2017 and December 31, 2016 , the Company did not have any assets or liabilities that are measured at fair value on a recurring basis. The estimated fair values of the Company’s other financial assets and liabilities as of June 30, 2017 and December 31, 2016 were as follows (in thousands): Carrying Amount Level 1 Level 2 Level 3 June 30, 2017 LIABILITIES Long-term debt, including current portion $ 223,515 $ — $ 212,389 $ — December 31, 2016 LIABILITIES Long-term debt, including current portion $ 232,278 $ — $ 221,808 $ — 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.

ESCROW DEPOSITS

ESCROW DEPOSITS	6 Months Ended
	Jun. 30, 2017
Escrow Deposits [Abstract]
ESCROW DEPOSITS	ESCROW DEPOSITS From time to time, the Company enters into Qualified Exchange Accommodation Agreements with third parties to meet the like-kind exchange requirements of Section 1031 of the Internal Revenue Code 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 December 31, 2016 , the Company had $3.8 million deposited in a like-kind exchange escrow account. During the second quarter of 2017, the Company used $2.8 million of the balance to make a final payment on a S92 heavy helicopter which completed the like-kind exchange transaction, and the remaining $1.0 million was returned to the Company.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Capital Expenditures. During the six months ended June 30, 2017 , capital expenditures were $12.5 million and consisted primarily of helicopter acquisitions, deposits on future helicopter deliveries, spare helicopter parts and capitalized interest. In connection with the deferral of helicopter deliveries, the Company ceased capitalizing interest on helicopter deposits in the fourth quarter of 2015. The Company resumed capitalizing interest on deposits for certain helicopters in the fourth quarter of 2016. During the three months ended June 30, 2017 and 2016 , the Company capitalized interest of less than $0.1 million and $0 , respectively. During the six months ended June 30, 2017 and 2016 , the Company capitalized interest of $0.5 million and $0 , respectively. As of June 30, 2017 and December 31, 2016 , construction in progress, which is a component of property and equipment, included capitalized interest of $1.8 million and $4.5 million , respectively. A summary of changes to our operating helicopter fleet is as follows: Equipment Additions - During the six months ended June 30, 2017 , the Company placed two AW189 heavy helicopters and one S92 heavy helicopter into service. The Company had no helicopter acquisitions during the six months ended June 30, 2016 . The Company places helicopters in service once completion work has been finalized and the helicopters are ready for use. Equipment Dispositions - During the six months ended June 30, 2017 , the Company sold or otherwise disposed of two helicopters and other property and equipment for proceeds of $5.7 million and recognized gains of $5.2 million . During the six months ended June 30, 2016 , the Company sold or otherwise disposed of property and equipment for proceeds of $5.9 million and recognized gains of $4.3 million .

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES Aeróleo. The Company acquired a 50% economic and 20% voting interest in Aeróleo in 2011. As a result of liquidity issues experienced by Aeróleo, it is unable to adequately finance its activities without additional financial support from the Company, making it a VIE. The Company has the ability to direct the activities that most significantly affect Aeróleo’s financial performance, making the Company the primary beneficiary. As a result, the Company consolidates Aeróleo’s financial results. The Company’s condensed consolidated balance sheets at June 30, 2017 and December 31, 2016 include assets of Aeróleo totaling $11.0 million and $12.9 million , respectively. The distribution of these assets to Era Group and its subsidiaries other than Aeróleo is subject to restrictions. The Company’s condensed consolidated balance sheets at June 30, 2017 and December 31, 2016 include liabilities of Aeróleo of $8.8 million and $9.2 million , respectively. The creditors for such liabilities do not have recourse to Era Group or its subsidiaries other than Aeróleo. The Company’s condensed consolidated statements of operations for the three months ended June 30, 2017 and 2016 include operating revenues of $7.0 million and $6.5 million , respectively, and net loss of $2.6 million and $1.4 million , respectively, as a result of the consolidation of Aeróleo, including the effects of intercompany eliminations. The Company’s condensed consolidated statements of operations for the six months ended June 30, 2017 and 2016 include operating revenues of $17.2 million and $14.0 million , respectively, and net loss of $1.6 million and $2.1 million , respectively, as a result of the consolidation of Aeróleo, including the effects of intercompany eliminations.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended June 30, 2017 and 2016 , the Company recorded income tax benefit of $0.7 million and $1.2 million , respectively, resulting in effective tax rates of 17.4% and 19.4% , respectively. The decrease in effective tax rates is primarily due to not recognizing certain tax benefits associated with the Company’s foreign affiliates. During the six months ended June 30, 2017 and 2016 , the Company recorded income tax benefit of $2.8 million and $2.2 million , respectively, resulting in effective tax rates of 22.6% and 19.8% , respectively. The increase in effective tax rates is primarily due to the release of deferred state tax liabilities related to jurisdictions in which the Company’s air medical contracts ended. During the six months ended June 30, 2017 and 2016 , there were no new uncertain tax positions identified. The Company’s 2015 federal income tax return is currently under examination by the Internal Revenue Service. Amounts accrued for interest and penalties associated with unrecognized income tax benefits are included in other expense on the condensed consolidated statements of operations. As of June 30, 2017 and December 31, 2016 , the gross amount of liability for accrued interest and penalties related to unrecognized tax benefits was $0.3 million .

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT The Company’s borrowings as of June 30, 2017 and December 31, 2016 were as follows (in thousands): June 30, 2017 December 31, 2016 7.750% Senior Notes (excluding unamortized discount) $ 144,828 $ 144,828 Senior secured revolving credit facility 57,000 65,000 Promissory notes 22,334 23,166 Other 3,175 3,382 227,337 236,376 Less: portion due within one year (2,161 ) (2,139 ) Less: debt discount, net (1,588 ) (1,703 ) Less: unamortized debt issuance costs (2,234 ) (2,395 ) Total long-term debt $ 221,354 $ 230,139 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 th and December 15 th of each year. Revolving Credit Facility. On March 31, 2014, Era Group entered into the amended and restated senior secured revolving credit facility (the “Amended and Restated Revolving Credit Facility”), and on October 27, 2016, the Company entered into the Consent and Amendment No. 3 to the Amended and Restated Revolving Credit Facility (the “Amendment No. 3” and the Amended and Restated Revolving Credit Facility, as amended, is referred to herein as the “Revolving Credit Facility”). The Revolving Credit Facility provides Era Group with the ability to borrow up to $200.0 million , with a sub-limit of up to $50.0 million for letters of credit, and matures in March 2019. 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 in the Revolving Credit Facility, plus an applicable margin. The applicable margin is based on the Company’s ratio of funded debt to EBITDA, as defined in the Revolving Credit Facility, 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 June 30, 2017 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 in the Revolving Credit Facility, that ranges from 37.5 to 50 basis points. As of June 30, 2017 , 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 an interest coverage ratio, a senior secured leverage ratio and an asset coverage ratio, each as defined in the Revolving Credit Facility, 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 June 30, 2017 , Era Group had $57.0 million of outstanding borrowings under the Revolving Credit Facility and issued letters of credit of $1.3 million . In connection with the amendment of the Revolving Credit Facility in 2014, Era Group incurred debt issuance costs of $2.4 million . In connection with Amendment No. 3 entered into in 2016, which reduced the total commitment amount to $200.0 million , the Company wrote off previously incurred debt issuance costs of $0.5 million and incurred additional debt issuance costs of $0.9 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. Aeróleo Debt. During the six months ended June 30, 2017 and 2016 , the Company settled certain tax disputes in Brazil totaling $0.2 million and $2.5 million , respectively. Such amounts are included in other debt in the table above and bear interest at a rate equal to the overnight rate as published by the Central Bank of Brazil. During the six months ended June 30, 2016 , the Company prepaid a $1.0 million loan to a third party in Brazil. Promissory Notes. During the six months ended June 30, 2017 and 2016 , the Company made scheduled payments on other long-term debt of $0.8 million and $1.0 million , respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Fleet. The Company’s unfunded capital commitments as of June 30, 2017 consisted primarily of agreements to purchase helicopters and totaled $114.8 million , of which $7.2 million is expected to become payable during the remainder of 2017 with the balance payable through 2019 . The Company also had $1.3 million of deposits paid on options not yet exercised. The Company may terminate $110.6 million of its total commitments (inclusive of deposits paid on options not yet exercised) without further liability other than aggregate liquidated damages of $2.6 million . Included in these commitments are orders to purchase five AW189 heavy helicopters, one S92 heavy helicopter and five AW169 light twin helicopters. The AW189 and S92 helicopters are scheduled to be delivered in 2018 and 2019 . Delivery dates for the AW169 helicopters have yet to be determined. In addition, the Company had outstanding options to purchase up to ten additional AW189 helicopters. If these options are exercised, the helicopters would be scheduled for delivery beginning in 2019 through 2020 . Brazilian Tax Disputes. The Company is disputing assessments of approximately $7.2 million in unaccrued taxes, penalties and interest levied by the municipal authorities of Rio de Janeiro (for the period between 2000 to 2005) and Macaé (for the period between 2001 to 2006) (collectively, the “Municipal Assessments”). The Company believes that, based on its interpretation of tax legislation supported by clarifying guidance provided by the Supreme Court of Brazil with respect to the issue in a 2006 ruling, it is in compliance with all applicable tax legislation, has paid all applicable taxes, penalties and interest and plans to defend these claims vigorously at the administrative levels in each jurisdiction. In the event the Municipal Assessments are upheld at the last administrative level, it may be necessary for the Company to deposit the amounts at issue as security to pursue further appeals. In 2015, the Company received a final, unfavorable ruling with respect to a similar assessment levied by the Rio de Janeiro State Treasury for the periods between 1994 to 1998 (the “1998 Assessments”). The 1998 Assessments were upheld without taking into consideration the benefit of the clarifying guidance issued by the Supreme Court following the assertion of the claims. The final adjudication of the 1998 Assessments requires payment of amounts that are within the established accruals, will be paid in multiple installments over time and are not expected to have a material effect on the Company’s financial position or results of operations. At June 30, 2017 , it is not possible to determine the outcomes of the Municipal Assessments, but the Company does not expect that the outcomes would have a material adverse effect on its business, financial position or results of operations. In addition, it is not possible to reasonably estimate the likelihood or potential amount of assessments that may be issued for any subsequent periods. The Company is also disputing challenges raised by the Brazilian tax authorities with respect to certain tax credits applied by Aeróleo between 1995 to 2009. The tax authorities are seeking $2.3 million in additional taxes, interest and penalties. The Company believes that, based on its interpretation of tax legislation, it is in compliance with all applicable tax legislation and plans to defend this claim vigorously. At June 30, 2017 , it is not possible to determine the outcome of this matter, but the Company does not expect that the outcome would have a material adverse effect on its business, financial position or results of operations. The Company is disputing responsibility for $2.9 million of employer social security contributions required to have been remitted by one of its customers relating to the period from 1995 to 1998. Although the Company may be deemed co-responsible for such remittances under the local regulatory regime, the customer’s payments to the Company against presented invoices were made net of the specific remittances required to have been made by the customer and at issue in the claim. As such, the Company plans to defend this claim vigorously. At June 30, 2017 , it is not possible to determine the outcome of this matter, but the Company does not expect that the outcome would have a material adverse effect on its business, financial position or results of operations. The Company is disputing certain penalties that are being assessed by the State of Rio de Janeiro in respect of the Company’s alleged failure to submit accurate documentation and to fully comply with filing requirements with respect to certain value-added taxes. The Company elected to make payment of $0.2 million in installments over time to satisfy a portion of these penalties. Upon confirming with the asserting authority that the originally proposed penalties of $1.6 million with respect to the balance of the assessments were calculated based on amounts containing a typographical error, the aggregate penalties that remain in dispute total $0.4 million . At June 30, 2017 , it is not possible to determine the outcome of this matter, but the Company does not expect that the outcome would have a material adverse effect on its business, financial position or results of operations. The Company is disputing the imposition of $0.9 million in fines levied by the Brazilian customs authorities. These fines relate to the Company’s alleged failure to comply with certain deadlines under the temporary regime pursuant to which it imports helicopters into Brazil. In order to dispute such fines and pursue its legal remedies within the judicial system, the Company deposited certain amounts at issue as security into an escrow account with the presiding judge in the matters who controls the release of such funds pending the outcome. The Company believes its documentation evidences its timely compliance with the relevant deadlines. As such, the Company plans to defend these claims vigorously. At June 30, 2017 , it is not possible to determine the outcome of these matters, but the Company does not expect that the outcome would have a material adverse effect on its business, financial position or results of operations. The Company is disputing fines of $0.3 million sought by taxing authorities in Brazil following the final adjudication to disallow certain tax credits applied by the Company to offset certain social tax liabilities. The fine is calculated as 50% of the incremental tax liability resulting from the disallowance of the tax credits and has been applied without taking into account the circumstances relating to the disallowance of such tax credits. The constitutionality of such fines is under review by the Supreme Court in Brazil. There are a number of cases in which taxpayers have received favorable rulings due to the unconstitutionality of the law. As such, the Company plans to defend this claim vigorously. At June 30, 2017 , it is not possible to determine the outcome, but the Company does not expect that it would have a material adverse impact on its business, financial position or results of operations. The Company is disputing contingent fees of $0.5 million sought by its former tax consultant that have been calculated based on unrealized tax savings attributed to the consultant’s suggested tax strategies. The Company contends that fees are due only upon realized tax savings. At June 30, 2017 , it is not possible to determine the outcome of these matters, but the Company does not expect that the outcome would have a material adverse effect on its business, financial position or results of operations. In the normal course of business, the Company may become involved in various employment-related litigation matters. At June 30, 2017 , it is not possible to determine the outcome of several claims wherein claimants are seeking judgments that are, in the aggregate, $0.1 million above the Company’s established accruals. The Company does not expect that the outcome with respect to such claims would have a material adverse effect on its business, financial position or results of operations. The Company is also disputing claims from the Brazilian tax authorities with respect to federal customs taxes levied upon the helicopters leased by the Company and imported into Brazil under a temporary regime and subject to re-export. In order to dispute such assessments and pursue its available legal remedies within the judicial system, the Company deposited the amounts at issue as security into an escrow account that serves as security and with the presiding judge in the matters controlling the release of such funds. The Company believes that, based on its interpretation of tax legislation and well established aviation industry practice, it is not required to pay such taxes and plans to defend these claims vigorously. At June 30, 2017 , it is not possible to determine the outcome of this matter, but the Company does not expect that the outcome would have a material adverse effect on its business, financial position or results of operations. As it relates to the specific cases referred to above, the Company currently anticipates that any administrative fine or penalty ultimately would not have a material effect on its financial position or results of operations. The Company has deposited $9.3 million into escrow accounts controlled by the court with respect to certain of the cases described above and has fully reserved such amounts subject to final determination and the judicial release of such escrow deposits. These estimated liabilities are based on the Company’s assessment of the nature of these matters, their progress toward resolution, the advice of legal counsel and outside experts as well as management’s intentions and experience. 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 provided for certain service and product credit discounts available to the Company to be applied against support services available from Airbus Helicopters covering spare parts, repair and overhaul, service bulletins, technical assistance or other services. During the six months ended June 30, 2016 , the Company utilized credits in the amount of $1.7 million . As of September 30, 2016, the Company had utilized all credits available under the agreement.

EARNINGS (LOSS) PER COMMON SHAR

EARNINGS (LOSS) PER COMMON SHARE	6 Months Ended
	Jun. 30, 2017
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 assume 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 six months ended June 30, 2017 and 2016 were as follows (in thousands, except share and per share data): Three Months Ended Six Months Ended 2017 2016 2017 2016 Net income (loss) attributable to Era Group Inc. $ (2,787 ) $ 1,938 $ (8,407 ) $ (1,880 ) Net income attributable to participating securities — 48 — — Net income (loss) attributable to fully vested common stock $ (2,787 ) $ 1,890 $ (8,407 ) $ (1,880 ) Shares: Weighted average common shares outstanding - basic 20,789,537 20,361,533 20,650,274 20,290,735 Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (1) — 2,849 — — Weighted average common shares outstanding - diluted 20,789,537 20,364,382 20,650,274 20,290,735 Income (loss) per common share: Basic $ (0.13 ) $ 0.09 $ (0.41 ) $ (0.09 ) Diluted $ (0.13 ) $ 0.09 $ (0.41 ) $ (0.09 ) ____________________ (1) Excludes weighted average common shares of 275,851 and 283,764 for the three months ended June 30, 2017 and 2016 , respectively, and 280,199 and 292,840 for the six months ended June 30, 2017 and 2016 , respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company leases office space from SEACOR Holdings Inc. (“SEACOR”). During each of the three months ended June 30, 2017 and 2016 , the Company incurred $0.1 million in rent and utilities, and during each of the six months ended June 30, 2017 and 2016 , the Company incurred $0.2 million in rent and utilities. Such costs are included in administrative and general expense in the condensed consolidated statements of operations. As of both June 30, 2017 and December 31, 2016 , the Company had a payable due to SEACOR of less than $0.1 million . The Company purchased products from its Dart Holding Company Ltd. (“Dart”) joint venture totaling $0.2 million and $0.6 million during the three months ended June 30, 2017 and 2016 , respectively. The Company purchased products from Dart totaling $0.3 million and $1.1 million during the six months ended June 30, 2017 and 2016 , respectively. The Company also has a note receivable from Dart which had balances of $3.0 million and $3.2 million as of June 30, 2017 and December 31, 2016 , respectively. During the three months ended June 30, 2017 and 2016 , the Company incurred fees of $0.1 million and $0.2 million , respectively, for simulator services from its Era Training Center, LLC (“ETC”) joint venture, and during each of the three months ended June 30, 2017 and 2016 , the Company provided helicopter, management and other services to ETC of less than $0.1 million . During the six months ended June 30, 2017 and 2016 , the Company incurred fees of $0.4 million and $0.3 million , respectively, for simulator services from ETC, and the Company provided helicopter, management and other services to ETC of $0.1 million and $0.2 million , respectively. The Company also has a note receivable from ETC which had a balance of $3.9 million and $4.0 million as of June 30, 2017 and December 31, 2016 , respectively. During the six months ended June 30, 2016 , the Company and its partner in Aeróleo each contributed notes payable to them by Aeróleo as a contribution of additional capital into Aeróleo. In connection with the contributions, the Company recorded $6.3 million to net loss attributable to noncontrolling interest in subsidiary on the condensed consolidated statements of operations, representing the carrying value of the note contributed by its partner in Aeróleo.

SHARE BASED COMPENSATION

SHARE BASED COMPENSATION	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 were as follows: Number of Shares Weighted Average Grant Price Non-vested as of December 31, 2016 503,407 $ 14.60 Restricted stock awards granted: Non-employee directors 30,853 $ 11.67 Employees 241,195 $ 11.55 Vested (322,420 ) $ 14.42 Forfeited (1,362 ) $ 14.12 Non-vested as of June 30, 2017 451,673 $ 12.90 The total fair value of shares vested during the six months ended June 30, 2017 and 2016 , determined using the closing price on the grant date, was $4.6 million and $3.0 million , respectively. Stock Options. The Company did not grant any stock options during the six months ended June 30, 2017 . Employee Stock Purchase Plan (“ESPP”). During the six months ended June 30, 2017 , the Company issued 75,162 shares under the ESPP. On September 15, 2016, the ESPP was amended to, among other things, increase the number of shares reserved for issuance under the ESPP. As of June 30, 2017 , 386,650 shares remain available for issuance under the ESPP. Total share-based compensation expense, which includes stock options, restricted stock and the ESPP, was $2.6 million and $2.3 million for the six months ended June 30, 2017 and 2016 , respectively.

GUARANTORS OF SECURITIES

GUARANTORS OF SECURITIES	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 27,441 $ — $ 1,437 $ — $ 28,878 Receivables: Trade, net of allowance for doubtful accounts of $1,249 — 27,553 5,271 — 32,824 Tax receivable 9 7 2,984 — 3,000 Other — 2,213 959 — 3,172 Inventories, net — 24,019 277 — 24,296 Prepaid expenses 516 1,809 193 — 2,518 Escrow deposits — — — — — Total current assets 27,966 55,601 11,121 — 94,688 Property and equipment — 1,147,968 16,080 — 1,164,048 Accumulated depreciation — (351,829 ) (2,001 ) — (353,830 ) Property and equipment, net — 796,139 14,079 — 810,218 Equity investments and advances — 29,852 — — 29,852 Investments in consolidated subsidiaries 172,974 — — (172,974 ) — Intangible assets — — 1,129 — 1,129 Deferred taxes 15,445 — — (15,445 ) — Intercompany receivables 444,558 — — (444,558 ) — Other assets 1,415 4,116 62 — 5,593 Total assets $ 662,358 $ 885,708 $ 26,391 $ (632,977 ) $ 941,480 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 174 $ 10,347 $ 2,363 $ — $ 12,884 Accrued wages and benefits — 6,905 1,803 — 8,708 Accrued interest 527 — — — 527 Accrued income taxes — 259 32 — 291 Accrued other taxes 9 631 505 — 1,145 Accrued contingencies — — 1,334 — 1,334 Current portion of long-term debt — 1,523 638 — 2,161 Other current liabilities 684 1,492 414 — 2,590 Total current liabilities 1,394 21,157 7,089 — 29,640 Long-term debt 198,005 20,811 2,538 — 221,354 Deferred income taxes — 237,289 880 (15,445 ) 222,724 Intercompany payables — 404,139 40,419 (444,558 ) — Other liabilities — 944 — — 944 Total liabilities 199,399 684,340 50,926 (460,003 ) 474,662 Redeemable noncontrolling interest — 4 3,765 — 3,769 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 21,270,272 outstanding, exclusive of treasury shares 215 — — — 215 Additional paid-in capital 441,595 100,306 4,562 (104,868 ) 441,595 Retained earnings 24,117 100,968 (32,862 ) (68,106 ) 24,117 Treasury shares, at cost, 179,730 shares (2,968 ) — — — (2,968 ) Accumulated other comprehensive income, net of tax — 90 — — 90 Total equity 462,959 201,364 (28,300 ) (172,974 ) 463,049 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 662,358 $ 885,708 $ 26,391 $ (632,977 ) $ 941,480 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 25,474 $ — $ 1,476 $ — $ 26,950 Receivables: Trade, net of allowance for doubtful accounts of $1,219 39 26,118 6,313 — 32,470 Tax receivables 9 4 3,448 — 3,461 Other — 1,658 1,058 — 2,716 Inventories, net — 25,156 261 — 25,417 Prepaid expenses 359 976 244 — 1,579 Escrow deposits — 3,777 — — 3,777 Total current assets 25,881 57,689 12,800 — 96,370 Property and equipment — 1,138,020 16,008 — 1,154,028 Accumulated depreciation — (330,735 ) (1,484 ) — (332,219 ) Net property and equipment — 807,285 14,524 — 821,809 Equity investments and advances — 29,266 — — 29,266 Investments in consolidated subsidiaries 174,830 — — (174,830 ) — Intangible assets — — 1,137 — 1,137 Deferred income taxes 12,262 — — (12,262 ) — Intercompany receivables 460,623 — — (460,623 ) — Other assets 1,820 4,723 48 — 6,591 Total assets $ 675,416 $ 898,963 $ 28,509 $ (647,715 ) $ 955,173 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 322 $ 6,273 $ 2,281 $ — $ 8,876 Accrued wages and benefits — 6,446 2,061 — 8,507 Accrued interest 529 — — — 529 Accrued income taxes — 653 13 — 666 Current portion of long-term debt — 1,524 615 — 2,139 Accrued other taxes 29 645 773 — 1,447 Accrued contingencies — — 1,237 — 1,237 Other current liabilities 481 1,525 216 — 2,222 Total current liabilities 1,361 17,066 7,196 — 25,623 Long-term debt 205,730 21,642 2,767 — 230,139 Deferred income taxes — 237,067 667 (12,262 ) 225,472 Intercompany payables — 426,410 34,213 (460,623 ) — Other liabilities — 1,301 — — 1,301 Total liabilities 207,091 703,486 44,843 (472,885 ) 482,535 Redeemable noncontrolling interest — 4 4,217 — 4,221 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,936,636 shares outstanding, exclusive of treasury shares 211 — — — 211 Additional paid-in capital 438,489 100,306 4,562 (104,868 ) 438,489 Retained earnings 32,524 95,075 (25,113 ) (69,962 ) 32,524 Treasury shares, at cost, 175,350 shares (2,899 ) — — — (2,899 ) Accumulated other comprehensive income, net of tax — 92 — — 92 Total equity 468,325 195,473 (20,551 ) (174,830 ) 468,417 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 675,416 $ 898,963 $ 28,509 $ (647,715 ) $ 955,173 Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 51,598 $ 14,003 $ (7,723 ) $ 57,878 Costs and expenses: Operating — 33,178 15,880 (7,723 ) 41,335 Administrative and general 1,110 7,304 1,488 — 9,902 Depreciation — 11,727 251 — 11,978 Total costs and expenses 1,110 52,209 17,619 (7,723 ) 63,215 Gains on asset dispositions, net — 5,061 — — 5,061 Operating income (loss) (1,110 ) 4,450 (3,616 ) — (276 ) Other income (expense): Interest income 28 107 50 — 185 Interest expense (3,721 ) (159 ) (54 ) — (3,934 ) Foreign currency gains (losses), net 129 160 (425 ) — (136 ) Other, net — 1 (9 ) — (8 ) Total other income (expense) (3,564 ) 109 (438 ) — (3,893 ) Income (loss) before income taxes and equity earnings (4,674 ) 4,559 (4,054 ) — (4,169 ) Income tax expense (benefit) (1,307 ) 10 571 — (726 ) Income (loss) before equity earnings (3,367 ) 4,549 (4,625 ) — (3,443 ) Equity earnings, net of tax — 371 — — 371 Equity in earnings (losses) of subsidiaries 580 — — (580 ) — Net income (loss) (2,787 ) 4,920 (4,625 ) (580 ) (3,072 ) Net loss attributable to noncontrolling interest in subsidiary — — 285 — 285 Net income (loss) attributable to Era Group Inc. $ (2,787 ) $ 4,920 $ (4,340 ) $ (580 ) $ (2,787 ) Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 57,392 $ 17,788 $ (11,829 ) $ 63,351 Costs and expenses: Operating — 38,760 20,465 (11,829 ) 47,396 Administrative and general 871 6,875 394 — 8,140 Depreciation — 12,414 277 — 12,691 Total costs and expenses 871 58,049 21,136 (11,829 ) 68,227 Gains on asset dispositions, net — 1,367 — — 1,367 Operating income (871 ) 710 (3,348 ) — (3,509 ) Other income (expense): Interest income 9 119 275 — 403 Interest expense (3,841 ) (136 ) (153 ) — (4,130 ) Foreign currency gains (losses), net (52 ) (110 ) 491 — 329 Gain on debt extinguishment 518 — — — 518 Other, net — 1 45 — 46 Total other income (expense) (3,366 ) (126 ) 658 — (2,834 ) Income (loss) before income taxes and equity earnings (4,237 ) 584 (2,690 ) — (6,343 ) Income tax benefit (490 ) (742 ) — — (1,232 ) Income (loss) before equity earnings (3,747 ) 1,326 (2,690 ) — (5,111 ) Equity losses, net of tax — 601 — — 601 Equity in earnings (losses) of subsidiaries 5,685 — — (5,685 ) — Net income (loss) 1,938 1,927 (2,690 ) (5,685 ) (4,510 ) Net loss attributable to noncontrolling interest in subsidiary — 6,349 99 — 6,448 Net income (loss) attributable to Era Group Inc. $ 1,938 $ 8,276 $ (2,591 ) $ (5,685 ) $ 1,938 Supplemental Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 99,631 $ 29,403 $ (16,629 ) $ 112,405 Costs and expenses: Operating — 62,291 33,430 (16,629 ) 79,092 Administrative and general 2,975 14,342 2,966 — 20,283 Depreciation — 23,047 485 — 23,532 Total costs and expenses 2,975 99,680 36,881 (16,629 ) 122,907 Gains on asset dispositions, net — 5,170 — — 5,170 Operating income (loss) (2,975 ) 5,121 (7,478 ) — (5,332 ) Other income (expense): Interest income 49 218 168 — 435 Interest expense (6,962 ) (457 ) (104 ) — (7,523 ) Foreign currency gains (losses), net 154 168 (430 ) — (108 ) Other, net — 1 3 — 4 Total other income (expense) (6,759 ) (70 ) (363 ) — (7,192 ) Income (loss) before income taxes and equity earnings (9,734 ) 5,051 (7,841 ) — (12,524 ) Income tax expense (benefit) (3,183 ) (6 ) 360 — (2,829 ) Income (loss) before equity earnings (6,551 ) 5,057 (8,201 ) — (9,695 ) Equity earnings, net of tax — 836 — — 836 Equity in earnings (losses) of subsidiaries (1,856 ) — — 1,856 — Net income (loss) (8,407 ) 5,893 (8,201 ) 1,856 (8,859 ) Net loss attributable to noncontrolling interest in subsidiary — — 452 — 452 Net income (loss) attributable to Era Group Inc. $ (8,407 ) $ 5,893 $ (7,749 ) $ 1,856 $ (8,407 ) Supplemental Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 116,477 $ 31,883 $ (22,427 ) $ 125,933 Costs and expenses: Operating — 75,368 38,762 (22,427 ) 91,703 Administrative and general 1,919 13,959 1,489 — 17,367 Depreciation — 24,900 557 — 25,457 Total costs and expenses 1,919 114,227 40,808 (22,427 ) 134,527 Gains on asset dispositions, net — 4,280 — — 4,280 Operating income (1,919 ) 6,530 (8,925 ) — (4,314 ) Other income (expense): Interest income 13 242 449 — 704 Interest expense (8,184 ) (284 ) (410 ) — (8,878 ) Foreign currency gains (losses), net 17 (224 ) 817 — 610 Gain on debt extinguishment 518 — — — 518 Other, net — 1 28 — 29 Total other income (expense) (7,636 ) (265 ) 884 — (7,017 ) Income (loss) before income taxes and equity earnings (9,555 ) 6,265 (8,041 ) — (11,331 ) Income tax benefit (1,719 ) (527 ) — — (2,246 ) Income (loss) before equity earnings (7,836 ) 6,792 (8,041 ) — (9,085 ) Equity losses, net of tax — 625 — — 625 Equity in earnings (losses) of subsidiaries 5,956 — — (5,956 ) — Net income (loss) (1,880 ) 7,417 (8,041 ) (5,956 ) (8,460 ) Net loss attributable to noncontrolling interest in subsidiary — 6,349 231 — 6,580 Net income (loss) attributable to Era Group Inc. $ (1,880 ) $ 13,766 $ (7,810 ) $ (5,956 ) $ (1,880 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (2,787 ) $ 4,920 $ (4,625 ) $ (580 ) $ (3,072 ) Other comprehensive income (loss): Foreign currency translation adjustments — — — — — Income tax benefit — — — — — Total other comprehensive income (loss) — — — — — Comprehensive income (loss) (2,787 ) 4,920 (4,625 ) (580 ) (3,072 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — — 285 — 285 Comprehensive income (loss) attributable to Era Group Inc. $ (2,787 ) $ 4,920 $ (4,340 ) $ (580 ) $ (2,787 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 1,938 $ 1,927 $ (2,690 ) $ (5,685 ) $ (4,510 ) Other comprehensive loss: Foreign currency translation adjustments — — — — — Income tax benefit — — — — — Total other comprehensive loss — — — — — Comprehensive income (loss) 1,938 1,927 (2,690 ) (5,685 ) (4,510 ) Comprehensive income attributable to noncontrolling interest in subsidiary — 6,349 99 — 6,448 Comprehensive income (loss) attributable to Era Group Inc. $ 1,938 $ 8,276 $ (2,591 ) $ (5,685 ) $ 1,938 plemental Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (8,407 ) $ 5,893 $ (8,201 ) $ 1,856 $ (8,859 ) Other comprehensive loss: Foreign currency translation adjustments — (2 ) — — (2 ) Income tax benefit — — — — — Total other comprehensive loss — (2 ) — — (2 ) Comprehensive income (loss) (8,407 ) 5,891 (8,201 ) 1,856 (8,861 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — — 452 — 452 Comprehensive income (loss) attributable to Era Group Inc. $ (8,407 ) $ 5,891 $ (7,749 ) $ 1,856 $ (8,409 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (1,880 ) $ 7,417 $ (8,041 ) $ (5,956 ) $ (8,460 ) Other comprehensive loss: Foreign currency translation adjustments — — — — — Income tax benefit — — — — — Total other comprehensive loss — — — — — Comprehensive income (loss) (1,880 ) 7,417 (8,041 ) (5,956 ) (8,460 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — 6,349 231 — 6,580 Comprehensive income (loss) attributable to Era Group Inc. $ (1,880 ) $ 13,766 $ (7,810 ) $ (5,956 ) $ (1,880 ) Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ 1,967 $ 11,086 $ 321 $ — $ 13,374 Cash flows from investing activities: Purchases of property and equipment — (12,490 ) (34 ) — (12,524 ) Proceeds from disposition of property and equipment — 5,689 — — 5,689 Investments in and advances to equity method investees — (126 ) — — (126 ) Principal payments on notes due from equity investees — 375 — — 375 Principal payments on third party notes receivable — 94 — — 94 Escrow deposits on like-kind exchanges, net — 3,777 — — 3,777 Net cash provided by (used in) investing activities — (2,681 ) (34 ) — (2,715 ) Cash flows from financing activities: Payments on long-term debt — (832 ) (330 ) (17,000 ) (18,162 ) Proceeds from Revolving Credit Facility — — — 9,000 9,000 Proceeds from share award plans — — — 463 463 Purchase of treasury shares — — — (51 ) (51 ) Borrowings and repayments of intercompany debt — (7,588 ) — 7,588 — Net cash used in financing activities — (8,420 ) (330 ) — (8,750 ) Effects of exchange rate changes on cash and cash equivalents — 15 4 — 19 Net increase (decrease) in cash and cash equivalents 1,967 — (39 ) — 1,928 Cash and cash equivalents, beginning of period 25,474 — 1,476 — 26,950 Cash and cash equivalents, end of period $ 27,441 $ — $ 1,437 $ — $ 28,878 Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ 28,465 $ 1,126 $ (1,030 ) $ — $ 28,561 Cash flows from investing activities: Purchases of property and equipment — (4,974 ) (132 ) — (5,106 ) Proceeds from disposition of property and equipment — 5,910 — — 5,910 Return of helicopter deposit — 544 — — 544 Principal payments on notes due from equity investees — 357 — — 357 Principal payments on third party notes receivable — 136 — — 136 Net cash used in investing activities — 1,973 (132 ) — 1,841 Cash flows from financing activities: Payments on long-term debt — (970 ) (1,123 ) (7,000 ) (9,093 ) Proceeds from Revolving Credit Facility — — — 7,000 7,000 Extinguishment of long-term debt — — — (4,331 ) (4,331 ) Proceeds from share award plans — — — 477 477 Purchase of treasury shares — — — (161 ) (161 ) Borrowings and repayments of intercompany debt — (4,015 ) — 4,015 — Net cash used in financing activities — (4,985 ) (1,123 ) — (6,108 ) Effects of exchange rate changes on cash and cash equivalents — 320 176 — 496 Net increase (decrease) in cash and cash equivalents 28,465 (1,566 ) (2,109 ) — 24,790 Cash and cash equivalents, beginning of period 7,565 3,334 3,471 — 14,370 Cash and cash equivalents, end of period $ 36,030 $ 1,768 $ 1,362 $ — $ 39,160

BASIS OF PRESENTATION AND ACC21

BASIS OF PRESENTATION AND ACCOUNTING POLICY (Policy)	6 Months Ended
	Jun. 30, 2017
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. Aeróleo Taxi Aereo S/A (“Aeróleo”) is a VIE of which the Company is the primary beneficiary.
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 international, independent and major integrated oil and gas exploration, development 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.
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. In March 2016, the FASB issued ASU 2016-08 - Revenue from Contracts With Customers , in April 2016, the FASB issued ASU 2016-10 - Revenue from Contracts With Customers , in May 2016, the FASB issued ASU 2016-12 - Revenue from Contracts With Customers , and in December 2016, the FASB issued ASU 2016-20 - Technical Corrections and Improvements to Topic 606, Revenue from Contracts With Customers , all of which provide guidance on the application of certain principles in ASU 2014-09. Each of ASU 2014-09, 2016-08, 2016-10 and 2016-12 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 intends to adopt each of ASU 2014-09, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20 in 2018 using the modified retrospective application and is currently evaluating its customer contracts to determine the potential impact of such adoption on its consolidated financial statements. 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 or 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 adopted ASU 2015-11 effective January 1, 2017, and such adoption did not have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 - Leases , which amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective for annual reporting periods beginning after December 15, 2018, and early adoption is permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is still evaluating the potential impact of the adoption of ASU 2016-02 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-07 - Investments - Equity Method and Joint Ventures , which eliminates the requirement to retroactively apply the equity method of accounting for an investment when an increase in the level of ownership or degree of influence causes the investment to qualify for equity method treatment and instead requires the entity to add the cost (if any) of acquiring the additional ownership or degree of influence to the current basis of the investment and apply equity method accounting as of the date the investment qualifies for such treatment. The Company adopted ASU 2016-07 effective January 1, 2017 and such adoption did not have an impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09 - Compensation - Stock Compensation , which simplifies several aspects of accounting for share-based payment transactions including income tax consequences, classification on the statement of cash flows and treatment of forfeitures. The main differences between current GAAP and ASU 2016-09 are (i) tax consequences from changes in fair value of equity awards between the grant date and vesting date will be charged to income tax expense and reported in the operating section of the statement of cash flows in the period in which the award vests and (ii) entities will have the option to estimate award forfeitures as previously prescribed under GAAP or record forfeitures as an adjustment to expense as they occur. The Company adopted ASU 2016-09 effective January 1, 2017 and has elected to record forfeitures of equity awards as an adjustment to expense as they occur and in the period in which they occur. Such adoption and election did not have a material impact on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15 - Classification of Certain Cash Receipts and Cash Payments , which is intended to reduce diversity in reporting certain transactions on the statement of cash flows by clarifying current GAAP where it may be unclear or does not include adequate explanation. ASU 2016-15 will be effective for annual reporting periods beginning after December 15, 2017 including interim periods within that period. Early adoption is permitted as of the beginning of an interim or annual period provided that all amendments included in ASU 2016-15 are adopted in the same period and applied as of the beginning of the annual period in which the statement is adopted. The Company has not adopted ASU 2016-15 and believes such adoption will not have a material impact on its consolidated financial statements. In October 2016, the FASB issued ASU 2016-16 - Income Taxes , which requires entities to recognize income tax consequences of intra-entity transfers of assets, other than inventory, when the transfer occurs rather than when the asset is sold to a third party as is the case under current GAAP. ASU 2016-16 will be effective for annual reporting periods beginning after December 15, 2017 including interim periods within that period. Early adoption is permitted as of the beginning of an annual reporting period for which neither interim nor annual financial statements have been made available. The Company has not adopted ASU 2016-16 and believes such adoption will not have a material impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01 - Business Combinations: Clarifying the Definition of a Business , which narrows the reach of the definition of a business to exclude transactions that are more akin to asset acquisitions or dispositions. ASU 2017-01 will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that period. Early adoption is permitted provided that any transactions affected by the adoption have not been previously disclosed under current GAAP. The Company adopted ASU 2017-01 effective January 1, 2017, and such adoption did not have a material impact on its consolidated financial statements. In May 2017, the FASB issued ASU 2017-09 - Compensation - Stock Compensation: Scope of Modification Accounting , which is designed to reduce diversity in practice and complexity when accounting for changes in the terms of a share-based payment award. ASU 2017-09 will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that period, and early adoption is permitted for any interim period for which financial statements have not yet been issued. The Company has not adopted ASU 2017-09 and believes such adoption will not have a material impact on its consolidated financial statements.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Estimated Fair Value Of Other Financial Assets And Liabilities	The estimated fair values of the Company’s other financial assets and liabilities as of June 30, 2017 and December 31, 2016 were as follows (in thousands): Carrying Amount Level 1 Level 2 Level 3 June 30, 2017 LIABILITIES Long-term debt, including current portion $ 223,515 $ — $ 212,389 $ — December 31, 2016 LIABILITIES Long-term debt, including current portion $ 232,278 $ — $ 221,808 $ —

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s borrowings as of June 30, 2017 and December 31, 2016 were as follows (in thousands): June 30, 2017 December 31, 2016 7.750% Senior Notes (excluding unamortized discount) $ 144,828 $ 144,828 Senior secured revolving credit facility 57,000 65,000 Promissory notes 22,334 23,166 Other 3,175 3,382 227,337 236,376 Less: portion due within one year (2,161 ) (2,139 ) Less: debt discount, net (1,588 ) (1,703 ) Less: unamortized debt issuance costs (2,234 ) (2,395 ) Total long-term debt $ 221,354 $ 230,139

EARNINGS (LOSS) PER COMMON SH24

EARNINGS (LOSS) PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 and 2016 were as follows (in thousands, except share and per share data): Three Months Ended Six Months Ended 2017 2016 2017 2016 Net income (loss) attributable to Era Group Inc. $ (2,787 ) $ 1,938 $ (8,407 ) $ (1,880 ) Net income attributable to participating securities — 48 — — Net income (loss) attributable to fully vested common stock $ (2,787 ) $ 1,890 $ (8,407 ) $ (1,880 ) Shares: Weighted average common shares outstanding - basic 20,789,537 20,361,533 20,650,274 20,290,735 Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (1) — 2,849 — — Weighted average common shares outstanding - diluted 20,789,537 20,364,382 20,650,274 20,290,735 Income (loss) per common share: Basic $ (0.13 ) $ 0.09 $ (0.41 ) $ (0.09 ) Diluted $ (0.13 ) $ 0.09 $ (0.41 ) $ (0.09 ) ____________________ (1) Excludes weighted average common shares of 275,851 and 283,764 for the three months ended June 30, 2017 and 2016 , respectively, and 280,199 and 292,840 for the six months ended June 30, 2017 and 2016 , respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

SHARE BASED COMPENSATION (Table

SHARE BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 were as follows: Number of Shares Weighted Average Grant Price Non-vested as of December 31, 2016 503,407 $ 14.60 Restricted stock awards granted: Non-employee directors 30,853 $ 11.67 Employees 241,195 $ 11.55 Vested (322,420 ) $ 14.42 Forfeited (1,362 ) $ 14.12 Non-vested as of June 30, 2017 451,673 $ 12.90

GUARANTORS OF SECURITIES (Table

GUARANTORS OF SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2017
Guarantees [Abstract]
Condensed Balance Sheet	Supplemental Condensed Consolidating Balance Sheet as of June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 27,441 $ — $ 1,437 $ — $ 28,878 Receivables: Trade, net of allowance for doubtful accounts of $1,249 — 27,553 5,271 — 32,824 Tax receivable 9 7 2,984 — 3,000 Other — 2,213 959 — 3,172 Inventories, net — 24,019 277 — 24,296 Prepaid expenses 516 1,809 193 — 2,518 Escrow deposits — — — — — Total current assets 27,966 55,601 11,121 — 94,688 Property and equipment — 1,147,968 16,080 — 1,164,048 Accumulated depreciation — (351,829 ) (2,001 ) — (353,830 ) Property and equipment, net — 796,139 14,079 — 810,218 Equity investments and advances — 29,852 — — 29,852 Investments in consolidated subsidiaries 172,974 — — (172,974 ) — Intangible assets — — 1,129 — 1,129 Deferred taxes 15,445 — — (15,445 ) — Intercompany receivables 444,558 — — (444,558 ) — Other assets 1,415 4,116 62 — 5,593 Total assets $ 662,358 $ 885,708 $ 26,391 $ (632,977 ) $ 941,480 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 174 $ 10,347 $ 2,363 $ — $ 12,884 Accrued wages and benefits — 6,905 1,803 — 8,708 Accrued interest 527 — — — 527 Accrued income taxes — 259 32 — 291 Accrued other taxes 9 631 505 — 1,145 Accrued contingencies — — 1,334 — 1,334 Current portion of long-term debt — 1,523 638 — 2,161 Other current liabilities 684 1,492 414 — 2,590 Total current liabilities 1,394 21,157 7,089 — 29,640 Long-term debt 198,005 20,811 2,538 — 221,354 Deferred income taxes — 237,289 880 (15,445 ) 222,724 Intercompany payables — 404,139 40,419 (444,558 ) — Other liabilities — 944 — — 944 Total liabilities 199,399 684,340 50,926 (460,003 ) 474,662 Redeemable noncontrolling interest — 4 3,765 — 3,769 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 21,270,272 outstanding, exclusive of treasury shares 215 — — — 215 Additional paid-in capital 441,595 100,306 4,562 (104,868 ) 441,595 Retained earnings 24,117 100,968 (32,862 ) (68,106 ) 24,117 Treasury shares, at cost, 179,730 shares (2,968 ) — — — (2,968 ) Accumulated other comprehensive income, net of tax — 90 — — 90 Total equity 462,959 201,364 (28,300 ) (172,974 ) 463,049 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 662,358 $ 885,708 $ 26,391 $ (632,977 ) $ 941,480 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 25,474 $ — $ 1,476 $ — $ 26,950 Receivables: Trade, net of allowance for doubtful accounts of $1,219 39 26,118 6,313 — 32,470 Tax receivables 9 4 3,448 — 3,461 Other — 1,658 1,058 — 2,716 Inventories, net — 25,156 261 — 25,417 Prepaid expenses 359 976 244 — 1,579 Escrow deposits — 3,777 — — 3,777 Total current assets 25,881 57,689 12,800 — 96,370 Property and equipment — 1,138,020 16,008 — 1,154,028 Accumulated depreciation — (330,735 ) (1,484 ) — (332,219 ) Net property and equipment — 807,285 14,524 — 821,809 Equity investments and advances — 29,266 — — 29,266 Investments in consolidated subsidiaries 174,830 — — (174,830 ) — Intangible assets — — 1,137 — 1,137 Deferred income taxes 12,262 — — (12,262 ) — Intercompany receivables 460,623 — — (460,623 ) — Other assets 1,820 4,723 48 — 6,591 Total assets $ 675,416 $ 898,963 $ 28,509 $ (647,715 ) $ 955,173 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 322 $ 6,273 $ 2,281 $ — $ 8,876 Accrued wages and benefits — 6,446 2,061 — 8,507 Accrued interest 529 — — — 529 Accrued income taxes — 653 13 — 666 Current portion of long-term debt — 1,524 615 — 2,139 Accrued other taxes 29 645 773 — 1,447 Accrued contingencies — — 1,237 — 1,237 Other current liabilities 481 1,525 216 — 2,222 Total current liabilities 1,361 17,066 7,196 — 25,623 Long-term debt 205,730 21,642 2,767 — 230,139 Deferred income taxes — 237,067 667 (12,262 ) 225,472 Intercompany payables — 426,410 34,213 (460,623 ) — Other liabilities — 1,301 — — 1,301 Total liabilities 207,091 703,486 44,843 (472,885 ) 482,535 Redeemable noncontrolling interest — 4 4,217 — 4,221 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,936,636 shares outstanding, exclusive of treasury shares 211 — — — 211 Additional paid-in capital 438,489 100,306 4,562 (104,868 ) 438,489 Retained earnings 32,524 95,075 (25,113 ) (69,962 ) 32,524 Treasury shares, at cost, 175,350 shares (2,899 ) — — — (2,899 ) Accumulated other comprehensive income, net of tax — 92 — — 92 Total equity 468,325 195,473 (20,551 ) (174,830 ) 468,417 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 675,416 $ 898,963 $ 28,509 $ (647,715 ) $ 955,173
Condensed Income Statement	Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 51,598 $ 14,003 $ (7,723 ) $ 57,878 Costs and expenses: Operating — 33,178 15,880 (7,723 ) 41,335 Administrative and general 1,110 7,304 1,488 — 9,902 Depreciation — 11,727 251 — 11,978 Total costs and expenses 1,110 52,209 17,619 (7,723 ) 63,215 Gains on asset dispositions, net — 5,061 — — 5,061 Operating income (loss) (1,110 ) 4,450 (3,616 ) — (276 ) Other income (expense): Interest income 28 107 50 — 185 Interest expense (3,721 ) (159 ) (54 ) — (3,934 ) Foreign currency gains (losses), net 129 160 (425 ) — (136 ) Other, net — 1 (9 ) — (8 ) Total other income (expense) (3,564 ) 109 (438 ) — (3,893 ) Income (loss) before income taxes and equity earnings (4,674 ) 4,559 (4,054 ) — (4,169 ) Income tax expense (benefit) (1,307 ) 10 571 — (726 ) Income (loss) before equity earnings (3,367 ) 4,549 (4,625 ) — (3,443 ) Equity earnings, net of tax — 371 — — 371 Equity in earnings (losses) of subsidiaries 580 — — (580 ) — Net income (loss) (2,787 ) 4,920 (4,625 ) (580 ) (3,072 ) Net loss attributable to noncontrolling interest in subsidiary — — 285 — 285 Net income (loss) attributable to Era Group Inc. $ (2,787 ) $ 4,920 $ (4,340 ) $ (580 ) $ (2,787 ) Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 57,392 $ 17,788 $ (11,829 ) $ 63,351 Costs and expenses: Operating — 38,760 20,465 (11,829 ) 47,396 Administrative and general 871 6,875 394 — 8,140 Depreciation — 12,414 277 — 12,691 Total costs and expenses 871 58,049 21,136 (11,829 ) 68,227 Gains on asset dispositions, net — 1,367 — — 1,367 Operating income (871 ) 710 (3,348 ) — (3,509 ) Other income (expense): Interest income 9 119 275 — 403 Interest expense (3,841 ) (136 ) (153 ) — (4,130 ) Foreign currency gains (losses), net (52 ) (110 ) 491 — 329 Gain on debt extinguishment 518 — — — 518 Other, net — 1 45 — 46 Total other income (expense) (3,366 ) (126 ) 658 — (2,834 ) Income (loss) before income taxes and equity earnings (4,237 ) 584 (2,690 ) — (6,343 ) Income tax benefit (490 ) (742 ) — — (1,232 ) Income (loss) before equity earnings (3,747 ) 1,326 (2,690 ) — (5,111 ) Equity losses, net of tax — 601 — — 601 Equity in earnings (losses) of subsidiaries 5,685 — — (5,685 ) — Net income (loss) 1,938 1,927 (2,690 ) (5,685 ) (4,510 ) Net loss attributable to noncontrolling interest in subsidiary — 6,349 99 — 6,448 Net income (loss) attributable to Era Group Inc. $ 1,938 $ 8,276 $ (2,591 ) $ (5,685 ) $ 1,938 Supplemental Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 99,631 $ 29,403 $ (16,629 ) $ 112,405 Costs and expenses: Operating — 62,291 33,430 (16,629 ) 79,092 Administrative and general 2,975 14,342 2,966 — 20,283 Depreciation — 23,047 485 — 23,532 Total costs and expenses 2,975 99,680 36,881 (16,629 ) 122,907 Gains on asset dispositions, net — 5,170 — — 5,170 Operating income (loss) (2,975 ) 5,121 (7,478 ) — (5,332 ) Other income (expense): Interest income 49 218 168 — 435 Interest expense (6,962 ) (457 ) (104 ) — (7,523 ) Foreign currency gains (losses), net 154 168 (430 ) — (108 ) Other, net — 1 3 — 4 Total other income (expense) (6,759 ) (70 ) (363 ) — (7,192 ) Income (loss) before income taxes and equity earnings (9,734 ) 5,051 (7,841 ) — (12,524 ) Income tax expense (benefit) (3,183 ) (6 ) 360 — (2,829 ) Income (loss) before equity earnings (6,551 ) 5,057 (8,201 ) — (9,695 ) Equity earnings, net of tax — 836 — — 836 Equity in earnings (losses) of subsidiaries (1,856 ) — — 1,856 — Net income (loss) (8,407 ) 5,893 (8,201 ) 1,856 (8,859 ) Net loss attributable to noncontrolling interest in subsidiary — — 452 — 452 Net income (loss) attributable to Era Group Inc. $ (8,407 ) $ 5,893 $ (7,749 ) $ 1,856 $ (8,407 ) Supplemental Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 116,477 $ 31,883 $ (22,427 ) $ 125,933 Costs and expenses: Operating — 75,368 38,762 (22,427 ) 91,703 Administrative and general 1,919 13,959 1,489 — 17,367 Depreciation — 24,900 557 — 25,457 Total costs and expenses 1,919 114,227 40,808 (22,427 ) 134,527 Gains on asset dispositions, net — 4,280 — — 4,280 Operating income (1,919 ) 6,530 (8,925 ) — (4,314 ) Other income (expense): Interest income 13 242 449 — 704 Interest expense (8,184 ) (284 ) (410 ) — (8,878 ) Foreign currency gains (losses), net 17 (224 ) 817 — 610 Gain on debt extinguishment 518 — — — 518 Other, net — 1 28 — 29 Total other income (expense) (7,636 ) (265 ) 884 — (7,017 ) Income (loss) before income taxes and equity earnings (9,555 ) 6,265 (8,041 ) — (11,331 ) Income tax benefit (1,719 ) (527 ) — — (2,246 ) Income (loss) before equity earnings (7,836 ) 6,792 (8,041 ) — (9,085 ) Equity losses, net of tax — 625 — — 625 Equity in earnings (losses) of subsidiaries 5,956 — — (5,956 ) — Net income (loss) (1,880 ) 7,417 (8,041 ) (5,956 ) (8,460 ) Net loss attributable to noncontrolling interest in subsidiary — 6,349 231 — 6,580 Net income (loss) attributable to Era Group Inc. $ (1,880 ) $ 13,766 $ (7,810 ) $ (5,956 ) $ (1,880 )
Condensed Statement of Comprehensive Income	Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (2,787 ) $ 4,920 $ (4,625 ) $ (580 ) $ (3,072 ) Other comprehensive income (loss): Foreign currency translation adjustments — — — — — Income tax benefit — — — — — Total other comprehensive income (loss) — — — — — Comprehensive income (loss) (2,787 ) 4,920 (4,625 ) (580 ) (3,072 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — — 285 — 285 Comprehensive income (loss) attributable to Era Group Inc. $ (2,787 ) $ 4,920 $ (4,340 ) $ (580 ) $ (2,787 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 1,938 $ 1,927 $ (2,690 ) $ (5,685 ) $ (4,510 ) Other comprehensive loss: Foreign currency translation adjustments — — — — — Income tax benefit — — — — — Total other comprehensive loss — — — — — Comprehensive income (loss) 1,938 1,927 (2,690 ) (5,685 ) (4,510 ) Comprehensive income attributable to noncontrolling interest in subsidiary — 6,349 99 — 6,448 Comprehensive income (loss) attributable to Era Group Inc. $ 1,938 $ 8,276 $ (2,591 ) $ (5,685 ) $ 1,938 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (8,407 ) $ 5,893 $ (8,201 ) $ 1,856 $ (8,859 ) Other comprehensive loss: Foreign currency translation adjustments — (2 ) — — (2 ) Income tax benefit — — — — — Total other comprehensive loss — (2 ) — — (2 ) Comprehensive income (loss) (8,407 ) 5,891 (8,201 ) 1,856 (8,861 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — — 452 — 452 Comprehensive income (loss) attributable to Era Group Inc. $ (8,407 ) $ 5,891 $ (7,749 ) $ 1,856 $ (8,409 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (1,880 ) $ 7,417 $ (8,041 ) $ (5,956 ) $ (8,460 ) Other comprehensive loss: Foreign currency translation adjustments — — — — — Income tax benefit — — — — — Total other comprehensive loss — — — — — Comprehensive income (loss) (1,880 ) 7,417 (8,041 ) (5,956 ) (8,460 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — 6,349 231 — 6,580 Comprehensive income (loss) attributable to Era Group Inc. $ (1,880 ) $ 13,766 $ (7,810 ) $ (5,956 ) $ (1,880 )
Condensed Cash Flow Statement	Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2017 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ 1,967 $ 11,086 $ 321 $ — $ 13,374 Cash flows from investing activities: Purchases of property and equipment — (12,490 ) (34 ) — (12,524 ) Proceeds from disposition of property and equipment — 5,689 — — 5,689 Investments in and advances to equity method investees — (126 ) — — (126 ) Principal payments on notes due from equity investees — 375 — — 375 Principal payments on third party notes receivable — 94 — — 94 Escrow deposits on like-kind exchanges, net — 3,777 — — 3,777 Net cash provided by (used in) investing activities — (2,681 ) (34 ) — (2,715 ) Cash flows from financing activities: Payments on long-term debt — (832 ) (330 ) (17,000 ) (18,162 ) Proceeds from Revolving Credit Facility — — — 9,000 9,000 Proceeds from share award plans — — — 463 463 Purchase of treasury shares — — — (51 ) (51 ) Borrowings and repayments of intercompany debt — (7,588 ) — 7,588 — Net cash used in financing activities — (8,420 ) (330 ) — (8,750 ) Effects of exchange rate changes on cash and cash equivalents — 15 4 — 19 Net increase (decrease) in cash and cash equivalents 1,967 — (39 ) — 1,928 Cash and cash equivalents, beginning of period 25,474 — 1,476 — 26,950 Cash and cash equivalents, end of period $ 27,441 $ — $ 1,437 $ — $ 28,878 Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ 28,465 $ 1,126 $ (1,030 ) $ — $ 28,561 Cash flows from investing activities: Purchases of property and equipment — (4,974 ) (132 ) — (5,106 ) Proceeds from disposition of property and equipment — 5,910 — — 5,910 Return of helicopter deposit — 544 — — 544 Principal payments on notes due from equity investees — 357 — — 357 Principal payments on third party notes receivable — 136 — — 136 Net cash used in investing activities — 1,973 (132 ) — 1,841 Cash flows from financing activities: Payments on long-term debt — (970 ) (1,123 ) (7,000 ) (9,093 ) Proceeds from Revolving Credit Facility — — — 7,000 7,000 Extinguishment of long-term debt — — — (4,331 ) (4,331 ) Proceeds from share award plans — — — 477 477 Purchase of treasury shares — — — (161 ) (161 ) Borrowings and repayments of intercompany debt — (4,015 ) — 4,015 — Net cash used in financing activities — (4,985 ) (1,123 ) — (6,108 ) Effects of exchange rate changes on cash and cash equivalents — 320 176 — 496 Net increase (decrease) in cash and cash equivalents 28,465 (1,566 ) (2,109 ) — 24,790 Cash and cash equivalents, beginning of period 7,565 3,334 3,471 — 14,370 Cash and cash equivalents, end of period $ 36,030 $ 1,768 $ 1,362 $ — $ 39,160

FAIR VALUE MEASUREMENTS - Estim

FAIR VALUE MEASUREMENTS - Estimated Fair Value Of Other Financial Assets And Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 223,515	$ 232,278
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	212,389	221,808
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 0	$ 0

ESCROW DEPOSITS - Narrative (De

ESCROW DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Deposits in like-kind exchange escrow accounts				$ 3,800
Purchases of property and equipment		$ 12,524	$ 5,106
Escrow deposit, returned to the company	$ 1,000
S92 Heavy Helicopters
Property, Plant and Equipment [Line Items]
Purchases of property and equipment	$ 2,800

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)acquisitionhelicopter	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Property, Plant and Equipment [Line Items]
Purchases of property and equipment			$ 12,524	$ 5,106
Capitalized interest payments (less than)	$ 100	$ 0	$ 500	0
Number of helicopter acquisitions | acquisition			0
Number of helicopter dispositions | helicopter			2
Proceeds from disposition of property and equipment			$ 5,689	5,910
Gains on asset dispositions, net	5,061	$ 1,367	5,170	$ 4,280
Construction in Progress
Property, Plant and Equipment [Line Items]
Interest capitalized in property and equipment	1,800		$ 1,800		$ 4,500
AW189 Heavy Helicopters
Property, Plant and Equipment [Line Items]
Number of helicopter acquisitions | helicopter			2
S92 Heavy Helicopters
Property, Plant and Equipment [Line Items]
Purchases of property and equipment	$ 2,800
Number of helicopter acquisitions | helicopter			1

VARIABLE INTEREST ENTITIES - Na

VARIABLE INTEREST ENTITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2011
Variable Interest Entity [Line Items]
Operating revenues	$ 57,878	$ 63,351	$ 112,405	$ 125,933
Aeroleo
Variable Interest Entity [Line Items]
Economic interest percent						50.00%
Voting interest percent						20.00%
Aeroleo | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Assets	11,000		11,000		$ 12,900
Liabilities	8,800		8,800		$ 9,200
Operating revenues	7,000	6,500	17,200	14,000
Net gain (loss) from consolidation	$ (2,600)	$ (1,400)	$ (1,600)	$ (2,100)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax benefit	$ 726	$ 1,232	$ 2,829	$ 2,246
Effective tax rate	17.40%	19.40%	22.60%	19.80%
Unrecognized tax benefits	$ 300		$ 300		$ 300

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term debt	$ 227,337	$ 236,376
Less: portion due within one year	(2,161)	(2,139)
Less: debt discount, net	(1,588)	(1,703)
Less: unamortized debt issuance costs	(2,234)	(2,395)
Total long-term debt	221,354	230,139
Senior Notes
Debt Instrument [Line Items]
7.750% Senior Notes (excluding unamortized discount)	144,828	144,828
Senior secured revolving credit facility
Debt Instrument [Line Items]
Long-term debt	57,000	65,000
Promissory notes
Debt Instrument [Line Items]
Long-term debt	22,334	23,166
Other
Debt Instrument [Line Items]
Long-term debt	$ 3,175	$ 3,382

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) - USD ($)	Dec. 07, 2012	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Oct. 27, 2016	Dec. 31, 2014
Debt Instrument [Line Items]
Debt issuance cost		$ 2,234,000		$ 2,395,000
Write off of deferred debt issuance cost		500,000
Payments of debt issuance costs		900,000
7.750% Senior Notes (excluding unamortized discount) | 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
Promissory notes
Debt Instrument [Line Items]
Payments on other long-term debt		800,000	$ 1,000,000
Senior secured revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing amount					$ 200,000,000
Increase in commitments due to accordion feature		$ 100,000,000
Commitment fee basis point		0.50%
Outstanding borrowings		$ 57,000,000
Letters of credit outstanding		$ 1,300,000
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
Aeroleo | Loans Payable
Debt Instrument [Line Items]
Loan payment			1,000,000
Foreign Tax Authority | Aeroleo
Debt Instrument [Line Items]
Taxes, penalties and interest		$ 200,000	$ 2,500,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017USD ($)helicopter	Jun. 30, 2017USD ($)helicopter	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Loss Contingencies [Line Items]
Unfunded capital commitments	$ 114,800	$ 114,800
Unfunded capital commitments payable	7,200	7,200
Deposits paid	1,300	1,300
Commitments eligible for termination	110,600	110,600
Liquidated damages	2,600	2,600
Other current assets	0	0		$ 3,777
Utilized credits			$ 1,700
Contingent Fees Sought by Former Tax Consultant | Pending Litigation
Loss Contingencies [Line Items]
Taxes, penalties and interest		500
Employment-Related Litigation Matters | Pending Litigation
Loss Contingencies [Line Items]
Taxes, penalties and interest		100
Unfavorable Regulatory Action | Brazilian Customs Authorities Claims | Pending Litigation
Loss Contingencies [Line Items]
Taxes, penalties and interest		900
Foreign Tax Authority | Aeroleo | Brazilian Tax Dispute with Respect to Certain Tax Credits
Loss Contingencies [Line Items]
Taxes, penalties and interest		2,300
Foreign Tax Authority | Municipal Tax Authorities of Rio de Janeiro and Macae | Aeroleo
Loss Contingencies [Line Items]
Taxes, penalties and interest		7,200
Foreign Tax Authority | Foreign Tax Authority | Aeroleo | Brazilian Tax Dispute with Respect to Employer Social Security Contributions
Loss Contingencies [Line Items]
Taxes, penalties and interest		2,900
Foreign Tax Authority | Foreign Tax Authority | Aeroleo | Other Litigation Matters
Loss Contingencies [Line Items]
Other current assets	9,300	9,300
Foreign Tax Authority | State of Rio de Janeiro | Aeroleo
Loss Contingencies [Line Items]
Taxes, penalties and interest	$ 400
Installment payments		(200)
Damages dismissed		1,600
Brazil Taxing Authorities | Tax Disputes over Tax Credits Applied to Offset Social Tax Liability | Pending Litigation
Loss Contingencies [Line Items]
Taxes, penalties and interest		$ 300
AW189 Heavy Helicopters
Loss Contingencies [Line Items]
Number of helicopters | helicopter	5	5
Number of additional helicopters | helicopter	10	10
S92 Heavy Helicopters
Loss Contingencies [Line Items]
Number of helicopters | helicopter	1	1
AW169 Light Twin Helicopters
Loss Contingencies [Line Items]
Number of helicopters | helicopter	5	5

EARNINGS (LOSS) PER COMMON SH35

EARNINGS (LOSS) PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss) attributable to Era Group Inc.		$ (2,787)	$ 1,938	$ (8,407)	$ (1,880)
Net income attributable to participating securities		0	48	0	0
Net income (loss) attributable to fully vested common stock		$ (2,787)	$ 1,890	$ (8,407)	$ (1,880)
Weighted average common shares outstanding - basic (in shares)		20,789,537	20,361,533	20,650,274	20,290,735
Weighted average common shares outstanding - diluted (in shares)		20,789,537	20,364,382	20,650,274	20,290,735
Income (loss) per common share:
Basic (in dollars per share)		$ (0.13)	$ 0.09	$ (0.41)	$ (0.09)
Diluted (in dollars per share)		$ (0.13)	$ 0.09	$ (0.41)	$ (0.09)
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)	[1]	0	2,849	0	0
Income (loss) per common share:
Unvested restricted common shares (in shares)		275,851	283,764	280,199	292,840
[1]	Excludes weighted average common shares of 275,851 and 283,764 for the three months ended June 30, 2017 and 2016, respectively, and 280,199 and 292,840 for the six months ended June 30, 2017 and 2016, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
SEACOR
Related Party Transaction [Line Items]
Payable due to Seacor (less than)	$ 0.1		$ 0.1		$ 0.1
Dart
Related Party Transaction [Line Items]
Amount of purchased products	0.2	$ 0.6	0.3	$ 1.1
Note receivable	3		3		3.2
Training Services | Era Training Center, LLC
Related Party Transaction [Line Items]
Note receivable	3.9		3.9		$ 4
Payments for services	0.1	0.2	0.4	0.3
Era Training Center | Helicopter, Management and Other Services | Era Training Center, LLC
Related Party Transaction [Line Items]
Expenses from transactions with related party	0.1	0.1	0.1	0.2
Aeroleo
Related Party Transaction [Line Items]
Contribution of capital from joint venture partner				6.3
General and Administrative Expense | SEACOR
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 0.1	$ 0.1	$ 0.2	$ 0.2

SHARE BASED COMPENSATION (Detai

SHARE BASED COMPENSATION (Details) - Restricted Stock	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested, beginning balance, shares | shares	503,407
Vested, shares | shares	(322,420)
Forfeited, shares | shares	(1,362)
Non-vested, ending balance, shares | shares	451,673
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Non-vested, beginning balance, Weighted Average Grant Price (USD per share) | $ / shares	$ 14.60
Vested, Weighted Average Grant Price (USD per shares) | $ / shares	14.42
Forfeited, Weighted Average Grant Price (USD per share) | $ / shares	14.12
Non-vested, ending balance, Weighted Average Grant Price (USD per share) | $ / shares	$ 12.90
Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards granted, shares | shares	30,853
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock awards granted Weighted Average Grant Price (USD per share) | $ / shares	$ 11.67
Employees
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards granted, shares | shares	241,195
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock awards granted Weighted Average Grant Price (USD per share) | $ / shares	$ 11.55

SHARE BASED COMPENSATION - Narr

SHARE BASED COMPENSATION - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	0
Share-based compensation	$ 2,629	$ 2,261
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	$ 4,600	3,000
2013 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under ESPP (in shares)	75,162
Number of shares available for grant (in shares)	386,650
Share-based compensation	$ 2,600	$ 2,300

GUARANTORS OF SECURITIES (Narra

GUARANTORS OF SECURITIES (Narrative) (Details)	Dec. 07, 2012
Senior Unsecured Notes Due December 15, 2022 | 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	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 28,878	$ 26,950	$ 39,160	$ 14,370
Receivables:
Trade, net of allowance for doubtful accounts of $1,249	32,824	32,470
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively)	3,000	3,461
Other	3,172	2,716
Inventories, net	24,296	25,417
Prepaid expenses	2,518	1,579
Escrow deposits	0	3,777
Total current assets	94,688	96,370
Property and equipment	1,164,048	1,154,028
Accumulated depreciation	(353,830)	(332,219)
Property and equipment, net	810,218	821,809
Equity investments and advances	29,852	29,266
Investments in consolidated subsidiaries	0	0
Intangible assets	1,129	1,137
Deferred taxes	0	0
Intercompany receivables	0	0
Other assets	5,593	6,591
Total assets	941,480	955,173
Current liabilities:
Accounts payable and accrued expenses	12,884	8,876
Accrued wages and benefits	8,708	8,507
Accrued interest	527	529
Accrued income taxes	291	666
Accrued other taxes	1,145	1,447
Accrued contingencies	1,334	1,237
Current portion of long-term debt	2,161	2,139
Other current liabilities	2,590	2,222
Total current liabilities	29,640	25,623
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively)	221,354	230,139
Deferred income taxes	222,724	225,472
Intercompany payables	0	0
Other liabilities	944	1,301
Total liabilities	474,662	482,535
Redeemable noncontrolling interest	3,769	4,221
Equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,279,467 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares	215	211
Additional paid-in capital	441,595	438,489
Retained earnings	24,117	32,524
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively	(2,968)	(2,899)
Accumulated other comprehensive income, net of tax	90	92
Total equity	463,049	468,417
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	941,480	955,173
Reportable Legal Entities | Parent
Current assets:
Cash and cash equivalents	27,441	25,474	36,030	7,565
Receivables:
Trade, net of allowance for doubtful accounts of $1,249	0	39
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively)	9	9
Other	0	0
Inventories, net	0	0
Prepaid expenses	516	359
Escrow deposits	0	0
Total current assets	27,966	25,881
Property and equipment	0	0
Accumulated depreciation	0	0
Property and equipment, net	0	0
Equity investments and advances	0	0
Investments in consolidated subsidiaries	172,974	174,830
Intangible assets	0	0
Deferred taxes	15,445	12,262
Intercompany receivables	444,558	460,623
Other assets	1,415	1,820
Total assets	662,358	675,416
Current liabilities:
Accounts payable and accrued expenses	174	322
Accrued wages and benefits	0	0
Accrued interest	527	529
Accrued income taxes	0	0
Accrued other taxes	9	29
Accrued contingencies	0	0
Current portion of long-term debt	0	0
Other current liabilities	684	481
Total current liabilities	1,394	1,361
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively)	198,005	205,730
Deferred income taxes	0	0
Intercompany payables	0	0
Other liabilities	0	0
Total liabilities	199,399	207,091
Redeemable noncontrolling interest	0	0
Equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,279,467 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares	215	211
Additional paid-in capital	441,595	438,489
Retained earnings	24,117	32,524
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively	(2,968)	(2,899)
Accumulated other comprehensive income, net of tax	0	0
Total equity	462,959	468,325
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	662,358	675,416
Reportable Legal Entities | Guarantors
Current assets:
Cash and cash equivalents	0	0	1,768	3,334
Receivables:
Trade, net of allowance for doubtful accounts of $1,249	27,553	26,118
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively)	7	4
Other	2,213	1,658
Inventories, net	24,019	25,156
Prepaid expenses	1,809	976
Escrow deposits	0	3,777
Total current assets	55,601	57,689
Property and equipment	1,147,968	1,138,020
Accumulated depreciation	(351,829)	(330,735)
Property and equipment, net	796,139	807,285
Equity investments and advances	29,852	29,266
Investments in consolidated subsidiaries	0	0
Intangible assets	0	0
Deferred taxes	0	0
Intercompany receivables	0	0
Other assets	4,116	4,723
Total assets	885,708	898,963
Current liabilities:
Accounts payable and accrued expenses	10,347	6,273
Accrued wages and benefits	6,905	6,446
Accrued interest	0	0
Accrued income taxes	259	653
Accrued other taxes	631	645
Accrued contingencies	0	0
Current portion of long-term debt	1,523	1,524
Other current liabilities	1,492	1,525
Total current liabilities	21,157	17,066
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively)	20,811	21,642
Deferred income taxes	237,289	237,067
Intercompany payables	404,139	426,410
Other liabilities	944	1,301
Total liabilities	684,340	703,486
Redeemable noncontrolling interest	4	4
Equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,279,467 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares	0	0
Additional paid-in capital	100,306	100,306
Retained earnings	100,968	95,075
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively	0	0
Accumulated other comprehensive income, net of tax	90	92
Total equity	201,364	195,473
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	885,708	898,963
Reportable Legal Entities | Non-guarantors
Current assets:
Cash and cash equivalents	1,437	1,476	1,362	3,471
Receivables:
Trade, net of allowance for doubtful accounts of $1,249	5,271	6,313
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively)	2,984	3,448
Other	959	1,058
Inventories, net	277	261
Prepaid expenses	193	244
Escrow deposits	0	0
Total current assets	11,121	12,800
Property and equipment	16,080	16,008
Accumulated depreciation	(2,001)	(1,484)
Property and equipment, net	14,079	14,524
Equity investments and advances	0	0
Investments in consolidated subsidiaries	0	0
Intangible assets	1,129	1,137
Deferred taxes	0	0
Intercompany receivables	0	0
Other assets	62	48
Total assets	26,391	28,509
Current liabilities:
Accounts payable and accrued expenses	2,363	2,281
Accrued wages and benefits	1,803	2,061
Accrued interest	0	0
Accrued income taxes	32	13
Accrued other taxes	505	773
Accrued contingencies	1,334	1,237
Current portion of long-term debt	638	615
Other current liabilities	414	216
Total current liabilities	7,089	7,196
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively)	2,538	2,767
Deferred income taxes	880	667
Intercompany payables	40,419	34,213
Other liabilities	0	0
Total liabilities	50,926	44,843
Redeemable noncontrolling interest	3,765	4,217
Equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,279,467 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares	0	0
Additional paid-in capital	4,562	4,562
Retained earnings	(32,862)	(25,113)
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively	0	0
Accumulated other comprehensive income, net of tax	0	0
Total equity	(28,300)	(20,551)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	26,391	28,509
Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Receivables:
Trade, net of allowance for doubtful accounts of $1,249	0	0
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively)	0	0
Other	0	0
Inventories, net	0	0
Prepaid expenses	0	0
Escrow deposits	0	0
Total current assets	0	0
Property and equipment	0	0
Accumulated depreciation	0	0
Property and equipment, net	0	0
Equity investments and advances	0	0
Investments in consolidated subsidiaries	(172,974)	(174,830)
Intangible assets	0	0
Deferred taxes	(15,445)	(12,262)
Intercompany receivables	(444,558)	(460,623)
Other assets	0	0
Total assets	(632,977)	(647,715)
Current liabilities:
Accounts payable and accrued expenses	0	0
Accrued wages and benefits	0	0
Accrued interest	0	0
Accrued income taxes	0	0
Accrued other taxes	0	0
Accrued contingencies	0	0
Current portion of long-term debt	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively)	0	0
Deferred income taxes	(15,445)	(12,262)
Intercompany payables	(444,558)	(460,623)
Other liabilities	0	0
Total liabilities	(460,003)	(472,885)
Redeemable noncontrolling interest	0	0
Equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,279,467 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares	0	0
Additional paid-in capital	(104,868)	(104,868)
Retained earnings	(68,106)	(69,962)
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively	0	0
Accumulated other comprehensive income, net of tax	0	0
Total equity	(172,974)	(174,830)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ (632,977)	$ (647,715)

GUARANTORS OF SECURITIES (Con41

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Phantom) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Guarantees [Abstract]
Allowance for doubtful accounts, trade receivables	$ 1,249	$ 1,219
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)	21,279,467	20,936,636
Treasury shares (in shares)	179,730	175,350

GUARANTORS OF SECURITIES (Con42

GUARANTORS OF SECURITIES (Condensed Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Income Statements, Captions [Line Items]
Operating revenues	$ 57,878	$ 63,351	$ 112,405	$ 125,933
Costs and expenses:
Operating	41,335	47,396	79,092	91,703
Administrative and general	9,902	8,140	20,283	17,367
Depreciation	11,978	12,691	23,532	25,457
Total costs and expenses	63,215	68,227	122,907	134,527
Gains on asset dispositions, net	5,061	1,367	5,170	4,280
Operating loss	(276)	(3,509)	(5,332)	(4,314)
Other income (expense):
Interest income	185	403	435	704
Interest expense	(3,934)	(4,130)	(7,523)	(8,878)
Foreign currency gains (losses), net	(136)	329	(108)	610
Gain on debt extinguishment	0	518	0	518
Other, net	(8)	46	4	29
Total other income (expense)	(3,893)	(2,834)	(7,192)	(7,017)
Income (loss) before income taxes and equity earnings	(4,169)	(6,343)	(12,524)	(11,331)
Income tax expense (benefit)	(726)	(1,232)	(2,829)	(2,246)
Income (loss) before equity earnings	(3,443)	(5,111)	(9,695)	(9,085)
Equity earnings, net of tax	371	601	836	625
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	(3,072)	(4,510)	(8,859)	(8,460)
Net loss (income) attributable to non-controlling interest in subsidiary	285	6,448	452	6,580
Net income (loss) attributable to Era Group Inc.	(2,787)	1,938	(8,407)	(1,880)
Reportable Legal Entities | Parent
Condensed Income Statements, Captions [Line Items]
Operating revenues	0	0	0	0
Costs and expenses:
Operating	0	0	0	0
Administrative and general	1,110	871	2,975	1,919
Depreciation	0	0	0	0
Total costs and expenses	1,110	871	2,975	1,919
Gains on asset dispositions, net	0	0	0	0
Operating loss	(1,110)	(871)	(2,975)	(1,919)
Other income (expense):
Interest income	28	9	49	13
Interest expense	(3,721)	(3,841)	(6,962)	(8,184)
Foreign currency gains (losses), net	129	(52)	154	17
Gain on debt extinguishment		518		518
Other, net	0	0	0	0
Total other income (expense)	(3,564)	(3,366)	(6,759)	(7,636)
Income (loss) before income taxes and equity earnings	(4,674)	(4,237)	(9,734)	(9,555)
Income tax expense (benefit)	(1,307)	(490)	(3,183)	(1,719)
Income (loss) before equity earnings	(3,367)	(3,747)	(6,551)	(7,836)
Equity earnings, net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	580	5,685	(1,856)	5,956
Net income (loss)	(2,787)	1,938	(8,407)	(1,880)
Net loss (income) attributable to non-controlling interest in subsidiary	0	0	0	0
Net income (loss) attributable to Era Group Inc.	(2,787)	1,938	(8,407)	(1,880)
Reportable Legal Entities | Guarantors
Condensed Income Statements, Captions [Line Items]
Operating revenues	51,598	57,392	99,631	116,477
Costs and expenses:
Operating	33,178	38,760	62,291	75,368
Administrative and general	7,304	6,875	14,342	13,959
Depreciation	11,727	12,414	23,047	24,900
Total costs and expenses	52,209	58,049	99,680	114,227
Gains on asset dispositions, net	5,061	1,367	5,170	4,280
Operating loss	4,450	710	5,121	6,530
Other income (expense):
Interest income	107	119	218	242
Interest expense	(159)	(136)	(457)	(284)
Foreign currency gains (losses), net	160	(110)	168	(224)
Gain on debt extinguishment		0		0
Other, net	1	1	1	1
Total other income (expense)	109	(126)	(70)	(265)
Income (loss) before income taxes and equity earnings	4,559	584	5,051	6,265
Income tax expense (benefit)	10	(742)	(6)	(527)
Income (loss) before equity earnings	4,549	1,326	5,057	6,792
Equity earnings, net of tax	371	601	836	625
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	4,920	1,927	5,893	7,417
Net loss (income) attributable to non-controlling interest in subsidiary	0	6,349	0	6,349
Net income (loss) attributable to Era Group Inc.	4,920	8,276	5,893	13,766
Reportable Legal Entities | Non-guarantors
Condensed Income Statements, Captions [Line Items]
Operating revenues	14,003	17,788	29,403	31,883
Costs and expenses:
Operating	15,880	20,465	33,430	38,762
Administrative and general	1,488	394	2,966	1,489
Depreciation	251	277	485	557
Total costs and expenses	17,619	21,136	36,881	40,808
Gains on asset dispositions, net	0	0	0	0
Operating loss	(3,616)	(3,348)	(7,478)	(8,925)
Other income (expense):
Interest income	50	275	168	449
Interest expense	(54)	(153)	(104)	(410)
Foreign currency gains (losses), net	(425)	491	(430)	817
Gain on debt extinguishment		0		0
Other, net	(9)	45	3	28
Total other income (expense)	(438)	658	(363)	884
Income (loss) before income taxes and equity earnings	(4,054)	(2,690)	(7,841)	(8,041)
Income tax expense (benefit)	571	0	360	0
Income (loss) before equity earnings	(4,625)	(2,690)	(8,201)	(8,041)
Equity earnings, net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	(4,625)	(2,690)	(8,201)	(8,041)
Net loss (income) attributable to non-controlling interest in subsidiary	285	99	452	231
Net income (loss) attributable to Era Group Inc.	(4,340)	(2,591)	(7,749)	(7,810)
Eliminations
Condensed Income Statements, Captions [Line Items]
Operating revenues	(7,723)	(11,829)	(16,629)	(22,427)
Costs and expenses:
Operating	(7,723)	(11,829)	(16,629)	(22,427)
Administrative and general	0	0	0	0
Depreciation	0	0	0	0
Total costs and expenses	(7,723)	(11,829)	(16,629)	(22,427)
Gains on asset dispositions, net	0	0	0	0
Operating loss	0	0	0	0
Other income (expense):
Interest income	0	0	0	0
Interest expense	0	0	0	0
Foreign currency gains (losses), net	0	0	0	0
Gain on debt extinguishment		0		0
Other, net	0	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, net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	(580)	(5,685)	1,856	(5,956)
Net income (loss)	(580)	(5,685)	1,856	(5,956)
Net loss (income) attributable to non-controlling interest in subsidiary	0	0	0	0
Net income (loss) attributable to Era Group Inc.	$ (580)	$ (5,685)	$ 1,856	$ (5,956)

GUARANTORS OF SECURITIES (Con43

GUARANTORS OF SECURITIES (Condensed Statement of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ (3,072)	$ (4,510)	$ (8,859)	$ (8,460)
Other comprehensive loss:
Foreign currency translation adjustments	0	0	(2)	0
Income tax benefit	0	0	0	0
Total other comprehensive loss	0	0	(2)	0
Comprehensive income (loss)	(3,072)	(4,510)	(8,861)	(8,460)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	285	6,448	452	6,580
Comprehensive income (loss) attributable to Era Group Inc.	(2,787)	1,938	(8,409)	(1,880)
Reportable Legal Entities | Parent
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(2,787)	1,938	(8,407)	(1,880)
Other comprehensive loss:
Foreign currency translation adjustments	0	0	0	0
Income tax benefit	0	0	0	0
Total other comprehensive loss	0	0	0	0
Comprehensive income (loss)	(2,787)	1,938	(8,407)	(1,880)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	0	0	0	0
Comprehensive income (loss) attributable to Era Group Inc.	(2,787)	1,938	(8,407)	(1,880)
Reportable Legal Entities | Guarantors
Condensed Statement of Income Captions [Line Items]
Net income (loss)	4,920	1,927	5,893	7,417
Other comprehensive loss:
Foreign currency translation adjustments	0	0	(2)	0
Income tax benefit	0	0	0	0
Total other comprehensive loss	0	0	(2)	0
Comprehensive income (loss)	4,920	1,927	5,891	7,417
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	0	6,349	0	6,349
Comprehensive income (loss) attributable to Era Group Inc.	4,920	8,276	5,891	13,766
Reportable Legal Entities | Non-guarantors
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(4,625)	(2,690)	(8,201)	(8,041)
Other comprehensive loss:
Foreign currency translation adjustments	0	0	0	0
Income tax benefit	0	0	0	0
Total other comprehensive loss	0	0	0	0
Comprehensive income (loss)	(4,625)	(2,690)	(8,201)	(8,041)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	285	99	452	231
Comprehensive income (loss) attributable to Era Group Inc.	(4,340)	(2,591)	(7,749)	(7,810)
Eliminations
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(580)	(5,685)	1,856	(5,956)
Other comprehensive loss:
Foreign currency translation adjustments	0	0	0	0
Income tax benefit	0	0	0	0
Total other comprehensive loss	0	0	0	0
Comprehensive income (loss)	(580)	(5,685)	1,856	(5,956)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	0	0	0	0
Comprehensive income (loss) attributable to Era Group Inc.	$ (580)	$ (5,685)	$ 1,856	$ (5,956)

GUARANTORS OF SECURITIES (Con44

GUARANTORS OF SECURITIES (Condensed Cash Flow Statement) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 13,374	$ 28,561
Cash flows from investing activities:
Purchases of property and equipment	(12,524)	(5,106)
Proceeds from disposition of property and equipment	5,689	5,910
Return of helicopter deposits	0	544
Investments in and advances to equity investees	(126)	0
Principal payments on notes due from equity investees	375	357
Principal payments on third party notes receivable	94	136
Escrow deposits on like-kind exchanges, net	3,777	0
Net cash provided by (used in) investing activities	(2,715)	1,841
Cash flows from financing activities:
Payments on long-term debt	(18,162)	(9,093)
Proceeds from Revolving Credit Facility	9,000	7,000
Extinguishment of long-term debt	0	(4,331)
Proceeds from share award plans	463	477
Purchase of treasury shares	(51)	(161)
Borrowings and repayments of intercompany debt	0	0
Net cash used in financing activities	(8,750)	(6,108)
Effects of exchange rate changes on cash and cash equivalents	19	496
Net increase (decrease) in cash and cash equivalents	1,928	24,790
Cash and cash equivalents, beginning of period	26,950	14,370
Cash and cash equivalents, end of period	28,878	39,160
Reportable Legal Entities | Parent
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	1,967	28,465
Cash flows from investing activities:
Purchases of property and equipment	0	0
Proceeds from disposition of property and equipment	0	0
Return of helicopter deposits		0
Investments in and advances to equity investees	0
Principal payments on notes due from equity investees	0	0
Principal payments on third party notes receivable	0	0
Escrow deposits on like-kind exchanges, net	0
Net cash provided by (used in) investing activities	0	0
Cash flows from financing activities:
Payments on long-term debt	0	0
Proceeds from Revolving Credit Facility	0	0
Extinguishment of long-term debt		0
Proceeds from share award plans	0	0
Purchase of treasury shares	0	0
Borrowings and repayments of intercompany debt	0	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	1,967	28,465
Cash and cash equivalents, beginning of period	25,474	7,565
Cash and cash equivalents, end of period	27,441	36,030
Reportable Legal Entities | Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	11,086	1,126
Cash flows from investing activities:
Purchases of property and equipment	(12,490)	(4,974)
Proceeds from disposition of property and equipment	5,689	5,910
Return of helicopter deposits		544
Investments in and advances to equity investees	(126)
Principal payments on notes due from equity investees	375	357
Principal payments on third party notes receivable	94	136
Escrow deposits on like-kind exchanges, net	3,777
Net cash provided by (used in) investing activities	(2,681)	1,973
Cash flows from financing activities:
Payments on long-term debt	(832)	(970)
Proceeds from Revolving Credit Facility	0	0
Extinguishment of long-term debt		0
Proceeds from share award plans	0	0
Purchase of treasury shares	0	0
Borrowings and repayments of intercompany debt	(7,588)	(4,015)
Net cash used in financing activities	(8,420)	(4,985)
Effects of exchange rate changes on cash and cash equivalents	15	320
Net increase (decrease) in cash and cash equivalents	0	(1,566)
Cash and cash equivalents, beginning of period	0	3,334
Cash and cash equivalents, end of period	0	1,768
Reportable Legal Entities | Non-guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	321	(1,030)
Cash flows from investing activities:
Purchases of property and equipment	(34)	(132)
Proceeds from disposition of property and equipment	0	0
Return of helicopter deposits		0
Investments in and advances to equity investees	0
Principal payments on notes due from equity investees	0	0
Principal payments on third party notes receivable	0	0
Escrow deposits on like-kind exchanges, net	0
Net cash provided by (used in) investing activities	(34)	(132)
Cash flows from financing activities:
Payments on long-term debt	(330)	(1,123)
Proceeds from Revolving Credit Facility	0	0
Extinguishment of long-term debt		0
Proceeds from share award plans	0	0
Purchase of treasury shares	0	0
Borrowings and repayments of intercompany debt	0	0
Net cash used in financing activities	(330)	(1,123)
Effects of exchange rate changes on cash and cash equivalents	4	176
Net increase (decrease) in cash and cash equivalents	(39)	(2,109)
Cash and cash equivalents, beginning of period	1,476	3,471
Cash and cash equivalents, end of period	1,437	1,362
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	0	0
Cash flows from investing activities:
Purchases of property and equipment	0	0
Proceeds from disposition of property and equipment	0	0
Return of helicopter deposits		0
Investments in and advances to equity investees	0
Principal payments on notes due from equity investees	0	0
Principal payments on third party notes receivable	0	0
Escrow deposits on like-kind exchanges, net	0
Net cash provided by (used in) investing activities	0	0
Cash flows from financing activities:
Payments on long-term debt	(17,000)	(7,000)
Proceeds from Revolving Credit Facility	9,000	7,000
Extinguishment of long-term debt		(4,331)
Proceeds from share award plans	463	477
Purchase of treasury shares	(51)	(161)
Borrowings and repayments of intercompany debt	7,588	4,015
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