Bristow (VTOL) 10-Q 5 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	May 01, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	1-35701
Entity Registrant Name	Era Group Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	72-1455213
Entity Address, Address Line One	945 Bunker Hill Rd., Suite 650
Entity Address, City or Town	Houston,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77024
City Area Code	713
Local Phone Number	369-4700
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	ERA
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		21,525,383
Entity Central Index Key	0001525221
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 113,518	$ 117,366
Receivables:
Trade, operating, net of allowance for doubtful accounts	34,102	32,730
Trade, dry-leasing	5,754	5,234
Tax receivables	2,159	2,860
Other	15,006	15,421
Inventories, net	19,941	20,066
Prepaid expenses	3,412	2,184
Total current assets	193,892	195,861
Property and equipment	893,585	895,063
Accumulated depreciation	(345,457)	(338,164)
Property and equipment, net	548,128	556,899
Operating lease right-of-use	8,672	9,468
Intangible assets	92	96
Other assets	1,726	2,191
Total assets	752,510	764,515
Current liabilities:
Accounts payable and accrued expenses	12,475	12,923
Accrued wages and benefits	6,565	10,554
Accrued interest	3,309	520
Accrued income taxes	2,297	3,612
Accrued other taxes	1,539	937
Accrued contingencies	701	598
Current portion of long-term debt	17,901	18,317
Other current liabilities	3,310	3,315
Total current liabilities	48,097	50,776
Long-term debt	142,004	141,832
Deferred income taxes	101,984	103,793
Operating lease liabilities	7,103	7,815
Deferred gains and other liabilities	920	745
Total liabilities	300,108	304,961
Commitments and contingencies (see Note 7)
Redeemable noncontrolling interest	2,752	2,812
Equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,756,272 and 21,285,613 outstanding in 2020 and 2019, respectively, exclusive of treasury shares	230	224
Additional paid-in capital	452,701	452,009
Retained earnings	7,463	14,692
Treasury shares, at cost; 1,236,282 and 1,152,826 shares in 2020 and 2019, respectively	(10,744)	(10,183)
Total equity	449,650	456,742
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ 752,510	$ 764,515

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
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)	21,756,272	21,285,613
Treasury shares (in shares)	1,236,282	1,152,826

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Total revenues	$ 57,056	$ 51,293
Costs and expenses:
Operating	38,506	36,696
Administrative and general	12,745	8,875
Depreciation and amortization	9,507	9,450
Total costs and expenses	60,758	55,021
Loss on asset dispositions, net	(34)	(124)
Operating loss	(3,736)	(3,852)
Other income (expense):
Interest income	749	752
Interest expense	(3,439)	(3,461)
Foreign currency losses, net	(1,704)	(126)
Other, net	10	(11)
Total other income (expense)	(4,384)	(2,846)
Loss before income taxes and equity earnings	(8,120)	(6,698)
Income tax benefit	(831)	(1,588)
Loss before equity earnings	(7,289)	(5,110)
Equity loss, net of tax	0	(975)
Net loss	(7,289)	(6,085)
Net loss attributable to noncontrolling interest in subsidiary	60	142
Net loss attributable to Era Group Inc.	$ (7,229)	$ (5,943)
Loss per common share, basic and diluted (in dollars per shares)	$ (0.35)	$ (0.28)
Weighted average common shares outstanding:
Basic (in shares)	20,702,670	21,323,312
Diluted (in shares)	20,702,670	21,323,312
Operating revenues
Revenues:
Total revenues	$ 53,980	$ 47,830
Dry-leasing revenues
Revenues:
Total revenues	$ 3,076	$ 3,463

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (7,289)	$ (6,085)
Comprehensive loss	(7,289)	(6,085)
Comprehensive loss attributable to noncontrolling interest in subsidiary	60	142
Comprehensive loss attributable to Era Group Inc.	$ (7,229)	$ (5,943)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Redeemable Noncontrolling Interest and Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2018	$ 3,302
Increase (Decrease) in Temporary Equity [Roll Forward]
Net loss attributable to redeemable noncontrolling interest	(142)
Ending Balance at Mar. 31, 2019	3,160
Beginning Balance at Dec. 31, 2018	463,436	$ 219	$ 447,298	$ 18,285	$ (2,476)	$ 110
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants	0	4	(4)
Employee Stock Purchase Plan	590	1	589
Share award amortization	807		807
Purchase of treasury shares	(5)				(5)
Net loss	(6,085)			(6,085)
Net loss attributable to redeemable noncontrolling interest	142			142
Ending Balance at Mar. 31, 2019	458,885	224	448,690	12,342	(2,481)	110
Beginning Balance at Dec. 31, 2019	2,812
Increase (Decrease) in Temporary Equity [Roll Forward]
Net loss attributable to redeemable noncontrolling interest	(60)
Ending Balance at Mar. 31, 2020	2,752
Beginning Balance at Dec. 31, 2019	456,742	224	452,009	14,692	(10,183)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants	0	6	(6)
Share award amortization	698		698
Purchase of treasury shares	(561)				(561)
Net loss	(7,289)			(7,289)
Net loss attributable to redeemable noncontrolling interest	60			60
Ending Balance at Mar. 31, 2020	$ 449,650	$ 230	$ 452,701	$ 7,463	$ (10,744)	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net loss	$ (7,289)	$ (6,085)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	9,507	9,450
Share-based compensation	698	807
Interest income	(112)	(157)
Loss on asset dispositions, net	34	124
Debt discount amortization	72	67
Amortization of deferred financing costs	246	239
Foreign currency losses, net	1,648	126
Deferred income tax (benefit) expense	(1,809)	(3,533)
Equity earnings, net of tax	0	975
Changes in operating assets and liabilities:
(Increase) decrease in receivables	(1,440)	493
(Increase) decrease in prepaid expenses and other assets	(743)	(452)
Decrease (increase) in accounts payable, accrued expenses and other liabilities	(2,944)	581
Net cash provided by (used in) operating activities	(2,132)	2,635
Cash flows from investing activities:
Purchases of property and equipment	(400)	(1,312)
Purchase of investments	0	(5,000)
Principal payments on notes due from equity investees	0	2,334
Principal payments on third party notes receivable	55	104
Net cash used in investing activities	(345)	(3,874)
Cash flows from financing activities:
Payments on long-term debt	(416)	(542)
Proceeds from share award plans	0	590
Purchase of treasury shares	(561)	(5)
Net cash provided by (used in) financing activities	(977)	43
Effects of exchange rate changes on cash and cash equivalents	(394)	55
Net decrease in cash, cash equivalents and restricted cash	(3,848)	(1,141)
Cash, cash equivalents and restricted cash, beginning of period	117,366	50,753
Cash, cash equivalents and restricted cash, end of period	113,518	49,612
Supplemental cash flow information:
Cash paid for interest	332	353
Cash paid for income taxes	$ 2,300	$ 14

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICY	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 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 March 31, 2020 , its results of operations for the three months ended March 31, 2020 and 2019 , its comprehensive income for the three months ended March 31, 2020 and 2019 , its changes in equity for the three months ended March 31, 2020 , and 2019 , and its cash flows for the three months ended March 31, 2020 and 2019 . 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, 2019 . 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 December through February, as daylight hours decrease. The outbreak of the novel coronavirus (“COVID-19”) caused a significant decrease in oil and natural gas prices resulting from oversupply and demand weakness and also caused significant disruptions and volatility in the global marketplace towards the end the first quarter of 2020. These conditions continued through April 2020 and are expected to continue for at least the near future. These conditions were initially exacerbated by decisions by large oil producing countries that have now been altered, but the resolution has not led to a meaningful increase in oil and gas prices. While the decline in oil and natural gas prices did not have a material impact on the Company’s results of operations or financial condition during the three months ended March 31, 2020, a sustained environment of depressed prices could have a material impact on its business and its liquidity. 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. Revenue Recognition. The Company recognizes revenues for flight services and emergency response services with the passing of each day as the Company has the right to consideration from its customers in an amount that corresponds directly with the value to the Company’s customer of the performance completed to date. Therefore, the Company has elected to exercise the right to invoice practical expedient in its adoption of ASC 606. The right to invoice represents a method for recognizing revenue over time using the output measure of “value to the customer” which is an objective measure of an entity’s performance in a contract. The Company typically invoices its customers on a monthly basis for revenues earned during the prior month with payment terms of 30 days. The Company’s customer arrangements do not contain any significant financing component for its customers. Current Expected Credit Losses (CECL). Customers are primarily international, independent and major integrated exploration, development and production companies, third party helicopter operators and the U.S. government. The Company designates trade receivables as a single pool of assets based on its short-term nature, similar customer base and risk characteristics. Customers are typically granted credit on a short-term basis, and related credit risks are considered minimal. The Company conducts periodic quantitative and qualitative analysis on historic customer payment trends, customer credit ratings and foreseeable economic conditions. Historically, losses on trade receivables have been immaterial and uncorrelated to each other. Based on these circumstances, the Company decides if additional reserve amounts are needed against the trade receivables asset pool, on a case by case basis. Trade receivables are deemed uncollectible and removed from accounts receivable and the allowance for doubtful accounts when collection efforts have been exhausted. As of as of March 31, 2020 , the Company did not reserve any additional amounts for CECL. Leases. The Company determines if an arrangement is a lease at inception or during modification or renewal of an existing lease. Operating leases are maintained for a number of fixed assets including land, hangars, buildings, fuel tanks and tower sites. The right-of-use assets associated with these leases are reflected under long-term assets; the current portion of the long-term payables are reflected under other current liabilities; and the payables on lease agreements past one year are recorded as long-term liabilities on the Company’s consolidated balance sheets. For those contracts with terms of twelve months or less, the lease expense is recognized on a straight-line basis over the lease term and recorded in operating expenses on the consolidated statement of operations. As most of the Company’s leases do not provide an implicit rate, the incremental borrowing rate based on the information available at commencement date is used to determine the present value of future payments. Most of the Company’s lease agreements allow the option of renewal or extension, which are considered a part of the lease term. When it is reasonably certain that a lease will be extended, this is incorporated into the calculations. New Accounting Standards - Adopted. In June 2016, the FASB issued ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments” (ASU No. 2016-13), which sets forth the current expected credit loss model, a new forward-looking impairment model for certain financial instruments based on expected losses rather than incurred losses. The ASU is effective for interim and annual periods beginning after December 15, 2019, and early adoption of the standard was permitted. Entities were required to adopt ASU No. 2016-13 using a modified retrospective approach, subject to certain limited exceptions. Upon evaluating the impact of this ASU, the Company concluded that no additional reserves were necessary as historical losses were immaterial, and, based on the qualitative and quantitative analysis performed in accordance with ASC 326 requirements, the Company determined there was no reasonable expectation of credit losses associated with the Company’s trade receivables in the foreseeable future. The Company adopted ASU No. 2016-13 effective January 1, 2020, and such adoption did not have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurements” (ASU No. 2018-13, update to topic ASC-820), providing guidance for the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period, and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The Company adopted ASU No. 2018-13 effective January 1, 2020, and such adoption did not have an impact on its consolidated financial statements. New Accounting Standards - Not Yet Adopted. In January 2020, the FASB issued ASU No. 2020-01, “Investments-Equity Securities” Topic 321, “Investments-Equity Method and Joint Ventures” Topic 323 and “Derivatives and Hedging” Topic 815 (ASU No. 2020-01) as an update to ASU No. 2016-01 “Financial Instruments-Overall”, further clarifying the interaction between the accounting for equity securities, equity method investments, and certain derivative instruments. This ASU clarifies that a company should consider observable transactions that require a company to either apply or discontinue the equity method of accounting under Topic 323, for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method. With this update, the FASB aims to clarify that, when determining the accounting for certain forward contracts and purchase options a company should now consider, whether upon settlement or exercise, if the underlying securities would be accounted for under the equity method or fair value option. The FASB expects this ASU to reduce diversity in practice and increase comparability of the accounting for these interactions. This ASU is effective for interim and annual periods beginning after December 15, 2020. The Company is evaluating the potential impact of adopting this ASU but does not expect such adoption to have a material impact on its consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 , 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 March 31, 2020 and December 31, 2019 were as follows (in thousands): Carrying Amount Level 1 Level 2 Level 3 March 31, 2020 LIABILITIES Long-term debt, including current portion $ 159,905 $ — $ 155,120 $ — December 31, 2019 LIABILITIES Long-term debt, including current portion $ 160,149 $ — $ 166,691 $ — The carrying values of cash and cash equivalents, receivables and accounts payable approximate fair value. The fair value of the Company’s long-term debt was estimated using discounted cash flow analysis 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. Investments. In 2019, the Company purchased $5.0 million of corporate securities and later in 2019, the Company sold these corporate securities for cash proceeds of $4.4 million resulting in a net loss of $0.6 million .

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Capital Expenditures. During the three months ended March 31, 2020 , capital expenditures were $0.4 million and consisted primarily of helicopter spare parts. During the three months ended March 31, 2020 and 2019 , the Company did no t capitalize any interest. As of March 31, 2020 and December 31, 2019 , construction in progress, which is a component of property and equipment, included capitalized interest of $0.7 million . A summary of changes to the Company’s operating helicopter fleet is as follows: Equipment Additions - During the three months ended March 31, 2020 and 2019 , the Company did no t place any helicopters into service. The Company places helicopters in service once completion work has been finalized and the helicopters are ready for use. Equipment Dispositions - During the three months ended March 31, 2020 and 2019 , the Company did no t sell or dispose of any material assets. During the three months ended March 31, 2020 , the Company parted out one light-twin helicopter, and those parts are now available to repair and maintain other helicopters.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	LEASES The Company leases land, hangars, buildings, fuel tanks and tower sites under operating lease agreements. The Company determines if an arrangement is a lease at inception, and many of these leases offer an option for renewal or extension. The adoption of ASC 842 allows the Company to retain its current classification of leases, and the optional practical expedience rule has allowed the use of the current-period adjustment method to recognize a cumulative-effect adjustment to the opening balance of retained earnings in the current period rather than the restatement of prior year lease amounts. The majority of the bases from which the Company operates are leased, with current remaining terms between one and fifty-nine years . The lease expense on those contracts with initial terms of twelve months or less are recognized on a straight-line basis over the lease term and are not recorded on the balance sheet. The Company does not currently maintain any finance leases and has only operating lease agreements. The Company’s maturity analysis of lease payments under operating leases that have a remaining term in excess of one year as of March 31, 2020 was as follows (in thousands): Minimum Payments 2020 $ 1,657 2021 1,715 2022 1,234 2023 1,186 2024 987 Years subsequent to 2024 8,498 Total future minimum lease payments 15,277 Less: imputed interest 6,452 Present value of lease liabilities $ 8,825 During the three months ended March 31, 2020 and 2019 , the Company recognized $1.0 million and $0.9 million of operating lease expense, respectively. Included in these amounts was $0.4 million and $0.3 million for contracts with remaining terms of less than one year for the three months ended March 31, 2020 and 2019 , respectively. Supplemental balance sheet information related to these leases as of March 31, 2020 and December 31, 2019 were as follows (in thousands): March 31, December 31, Operating lease right-of-use asset $ 8,672 $ 9,468 Other current liabilities $ 1,722 $ 1,773 Long-term lease liabilities 7,103 7,815 Total operating lease liabilities $ 8,825 $ 9,588 Other information related to these leases as of March 31, 2020 and December 31, 2019 were as follows: March 31, December 31, Weighted average remaining lease term 17 years 16 years Weighted average discount rate 6.15 % 6.11 % Cash paid for amounts included in the measurement of lease liabilities was $0.6 million and $0.5 million for the three months ended March 31, 2020 and 2019 , respectively. The Company generates revenues as a lessor from its dry-leasing line of service that require a fixed monthly fee for the customer’s right to use the helicopter and, where applicable, additional charges as compensation for any support the Company may provide to the customer. Revenues from dry-leasing contracts are shown on the face of the statement of operations. In 2018, the Company disposed of six H225 heavy helicopters through sales-type leases. In 2019, the Company completed the final sale of two of these helicopters and received cash proceeds of $5.0 million . During the three months ended March 31, 2020 , the Company recognized $0.3 million of interest income on the remaining leases. As of March 31, 2020 , the Company had remaining receivables of $13.4 million , all of which is due in 2020. These amounts are included in other receivables on the consolidated balance sheet.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended March 31, 2020 and 2019 , the Company recorded an income tax benefit of $0.8 million and $1.6 million , respectively, resulting in an effective tax rate of 10.2% and 23.7% , respectively. During the three months ended March 31, 2020 and 2019 , there were no new uncertain tax positions identified. 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 March 31, 2020 and December 31, 2019 , the gross amount of liability for accrued interest and penalties related to unrecognized tax benefits was less than $0.1 million . On March 27, 2020, Congress enacted the Coronavirus Aid, Relief and Economic Security ("CARES") Act to provide certain relief as a result of the novel coronavirus pandemic (“COVID-19”). The Company is currently evaluating all aspects of the legislation for potential impacts on its financial statements. On January 23, 2020, the Company entered into an agreement to merge (the “Merger”) with Bristow Group, Inc. (“Bristow”). The Merger is intended to qualify as a tax free ‘‘reorganization’’ within the meaning of Section 368(a) of the Internal Revenue Code (the "Code"). Transaction costs associated with the reorganization have been estimated for the three months ended March 31, 2020 , and will be capitalized into the basis of the stock acquired upon execution of the Merger.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT The Company’s borrowings as of March 31, 2020 and December 31, 2019 were as follows (in thousands): March 31, 2020 December 31, 2019 7.750% Senior Notes (excluding unamortized discount) $ 144,088 $ 144,088 Senior secured revolving credit facility — — Promissory notes 17,901 18,317 Total principal balance on borrowings 161,989 162,405 Portion due within one year (17,901 ) (18,317 ) Unamortized debt issuance costs (1,219 ) (1,320 ) Unamortized discount, net (865 ) (936 ) Long-term debt $ 142,004 $ 141,832 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”). On March 7, 2018, Era Group entered into a Consent and Amendment No. 4 to the Amended and Restated Senior Secured Revolving Credit Facility Agreement (the “Amendment No. 4” and the Amended and Restated Revolving Credit Facility, as amended by Amendment No. 4, is referred to herein as the “Revolving Credit Facility”) that, among other things, (a) reduced the aggregate principal amount of revolving loan commitments from $200.0 million to $125.0 million , (b) extended the agreement’s maturity until March 31, 2021, (c) revised the definition of EBITDA to permit an add-back for certain litigation expenses related to the H225 helicopters, and (d) adjusted the maintenance covenant requirements to maintain an interest coverage ratio of not less than 1.75 :1.00 and a senior secured leverage ratio of not more than 3.25 :1.00. The Revolving Credit Facility provides Era Group with the ability to borrow up to $125.0 million , with a sub-limit of up to $50.0 million for letters of credit, and matures in March 2021. 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 $50.0 million . 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 1.25% to 2.50% on the base rate margin and 2.25% to 3.50% on the LIBOR margin. The applicable margin as of March 31, 2020 was 1.50% on the base rate margin and 2.50% on the LIBOR margin. In addition, the Company is required to pay a quarterly commitment fee based on the 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 0.375% to 0.500% . As of March 31, 2020 , the commitment fee was 0.375% . 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 March 31, 2020 , Era Group had no outstanding borrowings under the Revolving Credit Facility and issued letters of credit of $0.7 million . In connection with Amendment No. 4 entered into in 2018, the Company wrote off previously incurred debt issuance costs of $0.4 million and incurred additional debt issuance costs of $1.3 million . Such costs are included in other assets on the condensed consolidated balance sheets and are amortized to interest expense in the condensed consolidated statements of operations over the life of the Revolving Credit Facility. Promissory Notes. During each of the three months ended March 31, 2020 and 2019 , the Company made scheduled payments on other long-term debt of $0.4 million . The notes require monthly principal and interest payments of $0.1 million with a final payment of $16.8 million , due upon maturity in December 2020.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Fleet. The Company’s unfunded capital commitments as of March 31, 2020 consisted primarily of agreements to purchase helicopters and totaled $79.6 million , which is payable beginning in 2020 through 2021 . The Company also had $1.3 million of deposits paid on options not yet exercised. All of the Company’s capital commitments (inclusive of deposits paid on options not yet exercised) may be terminated without further liability other than aggregate liquidated damages of $2.1 million . Included in these commitments are orders to purchase three AW189 heavy helicopters and five AW169 light twin helicopters. The AW189 helicopters are scheduled to be delivered 2021 . 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 in 2021 and 2022 . Brazilian Tax Disputes. In connection with its ownership of Aeróleo and its operations in Brazil, the Company has several ongoing legal disputes related to the local, municipal and federal taxation requirements in Brazil, including assessments associated with the import and re-export of its helicopters in Brazil. The legal disputes are related to: (i) municipal tax assessments arising under the authorities in Rio de Janeiro (for the period between 2000 and 2005) and Macaé (for the period between 2001 to 2006) (collectively, the “Municipal Tax Disputes”); (ii) social security contributions that one of its customers was required to remit from 1995 to 1998; (iii) penalties assessed due to its alleged failure to comply with certain deadlines related to the helicopters the Company imports and exports in and out of Brazil; and (iv) fines sought by taxing authorities in Brazil related to its use of certain tax credits used to offset certain social tax liabilities (collectively, the “Tax Disputes”). The aggregate amount at issue for the Tax Disputes is $10.9 million . The Municipal Tax Disputes are the largest contributor to the total amount being sought from Aeróleo, with approximately $8.3 million at issue. In addition to the foregoing Tax Disputes (and unrelated thereto), Aeróleo is engaged in two additional civil litigation matters relating to: (i) a dispute with its former tax consultant who has alleged that $0.7 million is due and payable as a contingency fee related to execution of certain tax strategies; and (ii) a fatal accident that occurred in 1983 that was previously settled with the plaintiffs’ in the U.S. (the “Civil Disputes”). With respect to the fatal accident, the plaintiffs are seeking to collect additional amounts in Brazil despite the previous settlement agreed upon by the parties in the U.S. The Company continues to evaluate and assess various legal strategies for each of the Tax Disputes and the Civil Disputes. As is customary for certain legal matters in Brazil, Aeróleo has already deposited amounts as security into an escrow account to pursue further legal appeals in several of the Tax Disputes and the Civil Disputes. As of March 31, 2020 , the Company has deposited $3.9 million into escrow accounts controlled by the court with respect to the Tax Disputes and the Civil Disputes, and the Company has fully reserved such amounts subject to final determination and the judicial release of such escrow deposits. These estimates are based on its 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. Aeróleo plans to defend the cases vigorously. As of March 31, 2020 , it is not possible to determine the outcome of the Tax Disputes or the Civil Disputes, but the Company does not expect that an outcome would have a material adverse effect on its business, financial position or results of operations. General Litigation and Disputes In the normal course of business, the Company is involved in various litigation matters including, among other things, claims by third parties for alleged property damages and personal injuries. In addition, from time to time, the Company is involved in tax and other disputes with various government agencies. Management has used estimates in determining the Company’s potential exposure to these matters and has recorded reserves in its financial statements related thereto as appropriate. It is possible that a change in its estimates related to these exposures could occur, but the Company does not expect such changes in estimated costs would have a material effect on its business, consolidated financial position or results of operations.

EARNINGS (LOSS) PER COMMON SHAR

EARNINGS (LOSS) PER COMMON SHARE	3 Months Ended
	Mar. 31, 2020
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 and outstanding during the relevant periods pursuant to the exercise of outstanding stock options. Computations of basic and diluted earnings per common share of the Company for the three months ended March 31, 2020 and 2019 were as follows (in thousands, except share and per share data): Three Months Ended 2020 2019 Net loss attributable to Era Group Inc. $ (7,229 ) $ (5,943 ) Less: Net income attributable to participating securities — — Net loss attributable to fully vested common stock $ (7,229 ) $ (5,943 ) Weighted average common shares outstanding: Basic 20,702,670 21,323,312 Diluted (1) 20,702,670 21,323,312 Loss per common share, basic and diluted $ (0.35 ) $ (0.28 ) ____________________ (1) Excludes weighted average common shares of 203,612 for each of the three months ended March 31, 2020 and 2019 , for certain share awards as the effect of their inclusion would have been antidilutive. Share Repurchases. On August 14, 2014, the Company’s Board of Directors (the “Board”) approved a share repurchase program authorizing up to $25.0 million of share repurchases. On January 23, 2020, this program was suspended in connection with the entry into the merger agreement with Bristow. In connection with the entry into the merger agreement with Bristow, the Board has authorized a special stock repurchase program that would allow for the purchase of up to $10 million of its common stock from time to time and subject to market conditions on the open market or in privately negotiated transactions. The special repurchase program will end upon the mailing of the joint proxy statement/prospectus for the merger. In April 2020, Era Group repurchased 230,889 shares of common stock in open market transactions for gross consideration of $1.0 million , which is an average cost per share of $4.14 . As of May 1, 2020, $9.0 million remained authorized under the $10.0 million share repurchase program.

REVENUES

REVENUES	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUE S The Company derives its revenues primarily from oil and gas flight services, emergency response services and leasing activities. Dry-leasing revenues are recognized in accordance with ASC 842. Revenue is recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The following table presents the Company’s operating revenues disaggregated by geographical region in which services are provided: Three Months Ended 2020 2019 Operating revenues: U.S. $ 38,992 $ 34,214 International 14,988 13,616 Total operating revenues $ 53,980 $ 47,830 The following table presents the Company’s total revenues earned by service line: Three Months Ended 2020 2019 Revenues: Oil and gas flight services: U.S. $ 37,054 $ 32,466 International 13,281 13,616 Total oil and gas 50,335 46,082 Emergency response services 3,645 1,748 Total operating revenues $ 53,980 $ 47,830 Dry-leasing revenues: U.S. 190 451 International 2,886 3,012 Total revenues $ 57,056 $ 51,293 The Company determines revenue recognition by applying the following steps: 1. Identify the contract with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations; and 5. Recognize revenue as the performance obligations are satisfied. The Company earns the majority of its revenue through master service agreements or subscription agreements, which typically include a fixed monthly or daily fee, incremental fees based on hours flown and fees for ancillary items such as fuel, security, charter services, etc. The Company’s arrangements to serve its customers represent a promise to stand ready to provide services at the customer’s discretion. The Company recognizes revenue for flight services and emergency response services with the passing of each day as the Company has the right to consideration from its customers in an amount that corresponds directly with the value to the customer of performance completed to date. The Company typically invoices customers on a monthly basis for revenues earned during the prior month, with payment terms of 30 days. The Company’s customer arrangements do not contain any significant financing component for customers. Amounts for taxes collected from customers and remitted to governmental authorities are reported on a net basis.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company purchased products and services from its Dart Holding Company Ltd. (“Dart”) joint venture totaling $0.6 million during the three months ended March 31, 2019. The Company also had a note receivable from Dart, which had a balance of $2.3 million as of December 31, 2018. The note was paid in full during the first quarter of 2019. Purchases from Dart are included in operating expenses on the consolidated statements of income, and the note receivable was included in equity investments and advances on the consolidated balance sheets. During the three months ended March 31, 2019, the Company in conjunction with its 50% joint venture partner entered into an agreement to sell Dart. The transaction closed on April 1, 2019, for gross proceeds of $38.0 million , including payment of the note receivable in March 2019, and net gains of $10.9 million .

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [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 three months ended March 31, 2020 were as follows: Number of Shares Weighted Average Grant Price Non-vested as of December 31, 2019 626,399 $ 10.31 Restricted stock awards granted: Non-employee directors 40,430 $ 7.54 Employees 513,685 $ 7.54 Vested (282,263 ) $ 10.44 Non-vested as of March 31, 2020 898,251 $ 8.56 The total fair value of shares vested during the three months ended March 31, 2020 and 2019 , determined using the closing price on the grant date, was $2.9 million and $2.5 million , respectively. Stock Options. The Company did no t grant any stock options during the three months ended March 31, 2020 . Employee Stock Purchase Plan (“ESPP”). In the first quarter of 2020, the Company, in connection with its entry into a definitive agreement to merge with Bristow, suspended the ESPP. Total share-based compensation expense, which includes restricted stock and the ESPP, was $0.7 million and $0.8 million for the three months ended March 31, 2020 and 2019 , respectively.

GUARANTORS OF SECURITIES

GUARANTORS OF SECURITIES	3 Months Ended
	Mar. 31, 2020
Guarantees [Abstract]
GUARANTORS OF SECURITIES	GUARANTORS OF SECURITIES 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 the Guarantors to guarantee the 7.750% Senior Notes, the Company presents 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 accompanying consolidated financial statements and notes of the Company. Supplemental Condensed Consolidating Balance Sheet as of March 31, 2020 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 111,654 $ — $ 1,864 $ — $ 113,518 Receivables: Trade, operating, net of allowance for doubtful accounts — 28,738 5,364 — 34,102 Trade, dry-leasing — 5,754 — — 5,754 Tax receivable — 2 2,157 — 2,159 Other — 14,594 412 — 15,006 Inventories, net — 19,927 14 — 19,941 Prepaid expenses 991 2,108 313 — 3,412 Total current assets 112,645 71,123 10,124 — 193,892 Property and equipment — 876,767 16,818 — 893,585 Accumulated depreciation — (340,873 ) (4,584 ) — (345,457 ) Property and equipment, net — 535,894 12,234 — 548,128 Operating lease right-of-use — 7,526 1,146 — 8,672 Investments in consolidated subsidiaries 189,347 — — (189,347 ) — Intangible assets — — 92 — 92 Deferred income taxes 11,711 — — (11,711 ) — Intercompany receivables 285,926 — — (285,926 ) — Other assets 524 873 329 — 1,726 Total assets $ 600,153 $ 615,416 $ 23,925 $ (486,984 ) $ 752,510 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 1,239 $ 10,078 $ 1,158 $ — $ 12,475 Accrued wages and benefits 625 4,767 1,173 — 6,565 Accrued interest 3,259 50 — — 3,309 Accrued income taxes 2,273 — 24 — 2,297 Accrued other taxes — 1,201 338 — 1,539 Accrued contingencies — — 701 — 701 Current portion of long-term debt — 17,901 — — 17,901 Other current liabilities 1,126 1,904 280 — 3,310 Total current liabilities 8,522 35,901 3,674 — 48,097 Long-term debt 142,004 — — — 142,004 Deferred income taxes — 112,788 907 (11,711 ) 101,984 Intercompany payables — 220,529 65,417 (285,946 ) — Operating lease liabilities — 6,219 884 — 7,103 Deferred gains and other liabilities — 920 — — 920 Total liabilities 150,526 376,357 70,882 (297,657 ) 300,108 Redeemable noncontrolling interest — — 2,752 — 2,752 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 21,756,272 outstanding, exclusive of treasury shares 230 — — — 230 Additional paid-in capital 452,703 100,306 4,562 (104,870 ) 452,701 Retained earnings 7,438 138,753 (54,271 ) (84,457 ) 7,463 Treasury shares, at cost, 1,236,282 shares (10,744 ) — — — (10,744 ) Total equity 449,627 239,059 (49,709 ) (189,327 ) 449,650 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 600,153 $ 615,416 $ 23,925 $ (486,984 ) $ 752,510 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2019 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 114,965 $ — $ 2,401 $ — $ 117,366 Receivables: Trade, operating, net of allowance for doubtful accounts — 27,230 5,500 — 32,730 Trade, dry leasing — 5,234 — — 5,234 Tax receivables — 2 2,858 — 2,860 Other — 15,136 285 — 15,421 Inventories, net — 20,019 47 — 20,066 Prepaid expenses 488 1,480 216 — 2,184 Total current assets 115,453 69,101 11,307 — 195,861 Property and equipment — 878,281 16,782 — 895,063 Accumulated depreciation — (333,788 ) (4,376 ) — (338,164 ) Property and equipment, net — 544,493 12,406 — 556,899 Operating lease right-of-use — 7,694 1,774 — 9,468 Investments in consolidated subsidiaries 190,142 — — (190,142 ) — Intangible assets — — 96 — 96 Deferred income taxes 9,909 — — (9,909 ) — Intercompany receivables 288,023 — — (288,023 ) — Other assets 670 1,082 439 — 2,191 Total assets $ 604,197 $ 622,370 $ 26,022 $ (488,074 ) $ 764,515 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 405 $ 10,937 $ 1,581 $ — $ 12,923 Accrued wages and benefits 122 9,065 1,367 — 10,554 Accrued interest 468 52 — — 520 Accrued income taxes 3,595 1 16 — 3,612 Accrued other taxes — 487 450 — 937 Accrued contingencies — — 598 — 598 Current portion of long-term debt — 18,317 — — 18,317 Other current liabilities 1,053 1,866 396 — 3,315 Total current liabilities 5,643 40,725 4,408 — 50,776 Long-term debt 141,832 — — — 141,832 Deferred income taxes — 112,795 907 (9,909 ) 103,793 Intercompany payables — 225,341 62,702 (288,043 ) — Operating lease liabilities — 6,434 1,381 — 7,815 Deferred gains and other liabilities — 745 — — 745 Total liabilities 147,475 386,040 69,398 (297,952 ) 304,961 Redeemable noncontrolling interest — — 2,812 — 2,812 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 21,285,613 outstanding, exclusive of treasury shares 224 — — — 224 Additional paid-in capital 452,010 100,307 4,562 (104,870 ) 452,009 Retained earnings 14,671 136,023 (50,750 ) (85,252 ) 14,692 Treasury shares, at cost, 1,152,826 shares (10,183 ) — — — (10,183 ) Total equity 456,722 236,330 (46,188 ) (190,122 ) 456,742 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 604,197 $ 622,370 $ 26,022 $ (488,074 ) $ 764,515 Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended March 31, 2020 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Revenues $ — $ 51,918 $ 12,150 $ (7,012 ) $ 57,056 Costs and expenses: Operating — 32,441 13,077 (7,012 ) 38,506 Administrative and general 4,583 7,323 839 — 12,745 Depreciation — 9,295 212 — 9,507 Total costs and expenses 4,583 49,059 14,128 (7,012 ) 60,758 Loss on asset dispositions, net — (34 ) — — (34 ) Operating income (loss) (4,583 ) 2,825 (1,978 ) — (3,736 ) Other income (expense): Interest income 378 337 34 — 749 Interest expense (3,281 ) (158 ) — — (3,439 ) Foreign currency losses, net (24 ) (45 ) (1,635 ) — (1,704 ) Other, net — 12 (2 ) — 10 Total other income (expense) (2,927 ) 146 (1,603 ) — (4,384 ) Income (loss) before income taxes and equity earnings (7,510 ) 2,971 (3,581 ) — (8,120 ) Income tax (benefit) expense (1,072 ) 241 — — (831 ) Income (loss) before equity earnings (6,438 ) 2,730 (3,581 ) — (7,289 ) Equity in earnings (losses) of subsidiaries (795 ) — — 795 — Net income (loss) (7,233 ) 2,730 (3,581 ) 795 (7,289 ) Net loss attributable to noncontrolling interest in subsidiary — — 60 — 60 Net income (loss) attributable to Era Group Inc. $ (7,233 ) $ 2,730 $ (3,521 ) $ 795 $ (7,229 ) Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended March 31, 2019 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Revenues $ — $ 45,314 $ 13,617 $ (7,638 ) $ 51,293 Costs and expenses: Operating — 30,049 14,285 (7,638 ) 36,696 Administrative and general 1,242 6,672 961 — 8,875 Depreciation — 9,197 253 — 9,450 Total costs and expenses 1,242 45,918 15,499 (7,638 ) 55,021 Loss on asset dispositions, net — (124 ) — — (124 ) Operating loss (1,242 ) (728 ) (1,882 ) — (3,852 ) Other income (expense): Interest income 196 504 52 — 752 Interest expense (3,241 ) (213 ) (7 ) — (3,461 ) Foreign currency losses, net (40 ) (49 ) (37 ) — (126 ) Other, net — (1 ) (10 ) — (11 ) Total other income (expense) (3,085 ) 241 (2 ) — (2,846 ) Loss before income taxes and equity earnings (4,327 ) (487 ) (1,884 ) — (6,698 ) Income tax (benefit) expense 336 (1,924 ) — — (1,588 ) Income (loss) before equity earnings (4,663 ) 1,437 (1,884 ) — (5,110 ) Equity in earnings (losses) of subsidiaries (1,280 ) (975 ) — 1,280 (975 ) Net income (loss) (5,943 ) 462 (1,884 ) 1,280 (6,085 ) Net loss attributable to noncontrolling interest in subsidiary — — 142 — 142 Net income (loss) attributable to Era Group Inc. $ (5,943 ) $ 462 $ (1,742 ) $ 1,280 $ (5,943 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2020 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (7,233 ) $ 2,730 $ (3,581 ) $ 795 $ (7,289 ) Comprehensive income (loss) (7,233 ) 2,730 (3,581 ) 795 (7,289 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — — 60 — 60 Comprehensive income (loss) attributable to Era Group Inc. $ (7,233 ) $ 2,730 $ (3,521 ) $ 795 $ (7,229 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2019 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (5,943 ) $ 462 $ (1,884 ) $ 1,280 $ (6,085 ) Comprehensive income (loss) (5,943 ) 462 (1,884 ) 1,280 (6,085 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — — 142 — 142 Comprehensive income (loss) attributable to Era Group Inc. $ (5,943 ) $ 462 $ (1,742 ) $ 1,280 $ (5,943 ) Supplemental Condensed Consolidating Statements of Cash Flows for the Three Months Ended March 31, 2020 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ (2,752 ) $ 708 $ (88 ) $ — $ (2,132 ) Cash flows from investing activities: Purchases of property and equipment — (347 ) (53 ) — (400 ) Principal payments on third party notes receivable — 55 — — 55 Net cash used in investing activities — (292 ) (53 ) — (345 ) Cash flows from financing activities: Payments on long-term debt — (416 ) — — (416 ) Purchase of treasury shares (561 ) — — — (561 ) Net cash used in financing activities (561 ) (416 ) — — (977 ) Effects of exchange rate changes on cash and cash equivalents — — (394 ) — (394 ) Net decrease in cash, cash equivalents and restricted cash (3,313 ) — (535 ) — (3,848 ) Cash, cash equivalents and restricted cash, beginning of period 114,971 — 2,395 — 117,366 Cash, cash equivalents and restricted cash, end of period $ 111,658 $ — $ 1,860 $ — $ 113,518 Supplemental Condensed Consolidating Statements of Cash Flows for the Three Months Ended March 31, 2019 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ 5,477 $ (1,386 ) $ (1,456 ) $ — $ 2,635 Cash flows from investing activities: Purchases of property and equipment — (1,221 ) (91 ) — (1,312 ) Purchase of investments (5,000 ) — — — (5,000 ) Principal payments on notes due from equity investees — 2,334 — — 2,334 Principal payments on third party notes receivable — 104 — — 104 Net cash provided by (used in) investing activities (5,000 ) 1,217 (91 ) — (3,874 ) Cash flows from financing activities: Payments on long-term debt — (416 ) (126 ) — (542 ) Proceeds from share award plans — — — 590 590 Purchase of treasury shares — — — (5 ) (5 ) Borrowings and repayments of intercompany debt — 585 — (585 ) — Net cash provided by (used in) financing activities — 169 (126 ) — 43 Effects of exchange rate changes on cash and cash equivalents — — 55 — 55 Net increase (decrease) in cash, cash equivalents and restricted cash 477 — (1,618 ) — (1,141 ) Cash, cash equivalents and restricted cash, beginning of period 48,396 — 2,357 — 50,753 Cash, cash equivalents and restricted cash, end of period $ 48,873 $ — $ 739 $ — $ 49,612

BASIS OF PRESENTATION AND ACC_2

BASIS OF PRESENTATION AND ACCOUNTING POLICY (Policy)	3 Months Ended
	Mar. 31, 2020
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.
Revenue Recognition	Revenue Recognition. The Company recognizes revenues for flight services and emergency response services with the passing of each day as the Company has the right to consideration from its customers in an amount that corresponds directly with the value to the Company’s customer of the performance completed to date. Therefore, the Company has elected to exercise the right to invoice practical expedient in its adoption of ASC 606. The right to invoice represents a method for recognizing revenue over time using the output measure of “value to the customer” which is an objective measure of an entity’s performance in a contract. The Company typically invoices its customers on a monthly basis for revenues earned during the prior month with payment terms of 30 days. The Company’s customer arrangements do not contain any significant financing component for its customers.
Current Expected Credit Losses (CECL)	Current Expected Credit Losses (CECL).
Leases	Leases. The Company determines if an arrangement is a lease at inception or during modification or renewal of an existing lease. Operating leases are maintained for a number of fixed assets including land, hangars, buildings, fuel tanks and tower sites. The right-of-use assets associated with these leases are reflected under long-term assets; the current portion of the long-term payables are reflected under other current liabilities; and the payables on lease agreements past one year are recorded as long-term liabilities on the Company’s consolidated balance sheets. For those contracts with terms of twelve months or less, the lease expense is recognized on a straight-line basis over the lease term and recorded in operating expenses on the consolidated statement of operations. As most of the Company’s leases do not provide an implicit rate, the incremental borrowing rate based on the information available at commencement date is used to determine the present value of future payments. Most of the Company’s lease agreements allow the option of renewal or extension, which are considered a part of the lease term. When it is reasonably certain that a lease will be extended, this is incorporated into the calculations.
New Accounting Standards	New Accounting Standards - Adopted. In June 2016, the FASB issued ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments” (ASU No. 2016-13), which sets forth the current expected credit loss model, a new forward-looking impairment model for certain financial instruments based on expected losses rather than incurred losses. The ASU is effective for interim and annual periods beginning after December 15, 2019, and early adoption of the standard was permitted. Entities were required to adopt ASU No. 2016-13 using a modified retrospective approach, subject to certain limited exceptions. Upon evaluating the impact of this ASU, the Company concluded that no additional reserves were necessary as historical losses were immaterial, and, based on the qualitative and quantitative analysis performed in accordance with ASC 326 requirements, the Company determined there was no reasonable expectation of credit losses associated with the Company’s trade receivables in the foreseeable future. The Company adopted ASU No. 2016-13 effective January 1, 2020, and such adoption did not have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurements” (ASU No. 2018-13, update to topic ASC-820), providing guidance for the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period, and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The Company adopted ASU No. 2018-13 effective January 1, 2020, and such adoption did not have an impact on its consolidated financial statements. New Accounting Standards - Not Yet Adopted. In January 2020, the FASB issued ASU No. 2020-01, “Investments-Equity Securities” Topic 321, “Investments-Equity Method and Joint Ventures” Topic 323 and “Derivatives and Hedging” Topic 815 (ASU No. 2020-01) as an update to ASU No. 2016-01 “Financial Instruments-Overall”, further clarifying the interaction between the accounting for equity securities, equity method investments, and certain derivative instruments. This ASU clarifies that a company should consider observable transactions that require a company to either apply or discontinue the equity method of accounting under Topic 323, for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method. With this update, the FASB aims to clarify that, when determining the accounting for certain forward contracts and purchase options a company should now consider, whether upon settlement or exercise, if the underlying securities would be accounted for under the equity method or fair value option. The FASB expects this ASU to reduce diversity in practice and increase comparability of the accounting for these interactions. This ASU is effective for interim and annual periods beginning after December 15, 2020. The Company is evaluating the potential impact of adopting this ASU but does not expect such adoption to have a material impact on its consolidated financial statements.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 were as follows (in thousands): Carrying Amount Level 1 Level 2 Level 3 March 31, 2020 LIABILITIES Long-term debt, including current portion $ 159,905 $ — $ 155,120 $ — December 31, 2019 LIABILITIES Long-term debt, including current portion $ 160,149 $ — $ 166,691 $ —

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Lease Maturity Analysis	The Company’s maturity analysis of lease payments under operating leases that have a remaining term in excess of one year as of March 31, 2020 was as follows (in thousands): Minimum Payments 2020 $ 1,657 2021 1,715 2022 1,234 2023 1,186 2024 987 Years subsequent to 2024 8,498 Total future minimum lease payments 15,277 Less: imputed interest 6,452 Present value of lease liabilities $ 8,825
Assets and Liabilities, Lessee	Supplemental balance sheet information related to these leases as of March 31, 2020 and December 31, 2019 were as follows (in thousands): March 31, December 31, Operating lease right-of-use asset $ 8,672 $ 9,468 Other current liabilities $ 1,722 $ 1,773 Long-term lease liabilities 7,103 7,815 Total operating lease liabilities $ 8,825 $ 9,588
Lease, Cost	Other information related to these leases as of March 31, 2020 and December 31, 2019 were as follows: March 31, December 31, Weighted average remaining lease term 17 years 16 years Weighted average discount rate 6.15 % 6.11 %

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s borrowings as of March 31, 2020 and December 31, 2019 were as follows (in thousands): March 31, 2020 December 31, 2019 7.750% Senior Notes (excluding unamortized discount) $ 144,088 $ 144,088 Senior secured revolving credit facility — — Promissory notes 17,901 18,317 Total principal balance on borrowings 161,989 162,405 Portion due within one year (17,901 ) (18,317 ) Unamortized debt issuance costs (1,219 ) (1,320 ) Unamortized discount, net (865 ) (936 ) Long-term debt $ 142,004 $ 141,832

EARNINGS (LOSS) PER COMMON SH_2

EARNINGS (LOSS) PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 were as follows (in thousands, except share and per share data): Three Months Ended 2020 2019 Net loss attributable to Era Group Inc. $ (7,229 ) $ (5,943 ) Less: Net income attributable to participating securities — — Net loss attributable to fully vested common stock $ (7,229 ) $ (5,943 ) Weighted average common shares outstanding: Basic 20,702,670 21,323,312 Diluted (1) 20,702,670 21,323,312 Loss per common share, basic and diluted $ (0.35 ) $ (0.28 ) ____________________ (1) Excludes weighted average common shares of 203,612 for each of the three months ended March 31, 2020 and 2019 , for certain share awards as the effect of their inclusion would have been antidilutive.

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents the Company’s operating revenues disaggregated by geographical region in which services are provided: Three Months Ended 2020 2019 Operating revenues: U.S. $ 38,992 $ 34,214 International 14,988 13,616 Total operating revenues $ 53,980 $ 47,830 The following table presents the Company’s total revenues earned by service line: Three Months Ended 2020 2019 Revenues: Oil and gas flight services: U.S. $ 37,054 $ 32,466 International 13,281 13,616 Total oil and gas 50,335 46,082 Emergency response services 3,645 1,748 Total operating revenues $ 53,980 $ 47,830 Dry-leasing revenues: U.S. 190 451 International 2,886 3,012 Total revenues $ 57,056 $ 51,293

SHARE BASED COMPENSATION (Table

SHARE BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share Based Compensation Plans	The number of shares and weighted average grant price of restricted stock awards during the three months ended March 31, 2020 were as follows: Number of Shares Weighted Average Grant Price Non-vested as of December 31, 2019 626,399 $ 10.31 Restricted stock awards granted: Non-employee directors 40,430 $ 7.54 Employees 513,685 $ 7.54 Vested (282,263 ) $ 10.44 Non-vested as of March 31, 2020 898,251 $ 8.56

GUARANTORS OF SECURITIES (Table

GUARANTORS OF SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
Guarantees [Abstract]
Condensed Consolidating Balance Sheet	Supplemental Condensed Consolidating Balance Sheet as of March 31, 2020 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 111,654 $ — $ 1,864 $ — $ 113,518 Receivables: Trade, operating, net of allowance for doubtful accounts — 28,738 5,364 — 34,102 Trade, dry-leasing — 5,754 — — 5,754 Tax receivable — 2 2,157 — 2,159 Other — 14,594 412 — 15,006 Inventories, net — 19,927 14 — 19,941 Prepaid expenses 991 2,108 313 — 3,412 Total current assets 112,645 71,123 10,124 — 193,892 Property and equipment — 876,767 16,818 — 893,585 Accumulated depreciation — (340,873 ) (4,584 ) — (345,457 ) Property and equipment, net — 535,894 12,234 — 548,128 Operating lease right-of-use — 7,526 1,146 — 8,672 Investments in consolidated subsidiaries 189,347 — — (189,347 ) — Intangible assets — — 92 — 92 Deferred income taxes 11,711 — — (11,711 ) — Intercompany receivables 285,926 — — (285,926 ) — Other assets 524 873 329 — 1,726 Total assets $ 600,153 $ 615,416 $ 23,925 $ (486,984 ) $ 752,510 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 1,239 $ 10,078 $ 1,158 $ — $ 12,475 Accrued wages and benefits 625 4,767 1,173 — 6,565 Accrued interest 3,259 50 — — 3,309 Accrued income taxes 2,273 — 24 — 2,297 Accrued other taxes — 1,201 338 — 1,539 Accrued contingencies — — 701 — 701 Current portion of long-term debt — 17,901 — — 17,901 Other current liabilities 1,126 1,904 280 — 3,310 Total current liabilities 8,522 35,901 3,674 — 48,097 Long-term debt 142,004 — — — 142,004 Deferred income taxes — 112,788 907 (11,711 ) 101,984 Intercompany payables — 220,529 65,417 (285,946 ) — Operating lease liabilities — 6,219 884 — 7,103 Deferred gains and other liabilities — 920 — — 920 Total liabilities 150,526 376,357 70,882 (297,657 ) 300,108 Redeemable noncontrolling interest — — 2,752 — 2,752 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 21,756,272 outstanding, exclusive of treasury shares 230 — — — 230 Additional paid-in capital 452,703 100,306 4,562 (104,870 ) 452,701 Retained earnings 7,438 138,753 (54,271 ) (84,457 ) 7,463 Treasury shares, at cost, 1,236,282 shares (10,744 ) — — — (10,744 ) Total equity 449,627 239,059 (49,709 ) (189,327 ) 449,650 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 600,153 $ 615,416 $ 23,925 $ (486,984 ) $ 752,510 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2019 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 114,965 $ — $ 2,401 $ — $ 117,366 Receivables: Trade, operating, net of allowance for doubtful accounts — 27,230 5,500 — 32,730 Trade, dry leasing — 5,234 — — 5,234 Tax receivables — 2 2,858 — 2,860 Other — 15,136 285 — 15,421 Inventories, net — 20,019 47 — 20,066 Prepaid expenses 488 1,480 216 — 2,184 Total current assets 115,453 69,101 11,307 — 195,861 Property and equipment — 878,281 16,782 — 895,063 Accumulated depreciation — (333,788 ) (4,376 ) — (338,164 ) Property and equipment, net — 544,493 12,406 — 556,899 Operating lease right-of-use — 7,694 1,774 — 9,468 Investments in consolidated subsidiaries 190,142 — — (190,142 ) — Intangible assets — — 96 — 96 Deferred income taxes 9,909 — — (9,909 ) — Intercompany receivables 288,023 — — (288,023 ) — Other assets 670 1,082 439 — 2,191 Total assets $ 604,197 $ 622,370 $ 26,022 $ (488,074 ) $ 764,515 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 405 $ 10,937 $ 1,581 $ — $ 12,923 Accrued wages and benefits 122 9,065 1,367 — 10,554 Accrued interest 468 52 — — 520 Accrued income taxes 3,595 1 16 — 3,612 Accrued other taxes — 487 450 — 937 Accrued contingencies — — 598 — 598 Current portion of long-term debt — 18,317 — — 18,317 Other current liabilities 1,053 1,866 396 — 3,315 Total current liabilities 5,643 40,725 4,408 — 50,776 Long-term debt 141,832 — — — 141,832 Deferred income taxes — 112,795 907 (9,909 ) 103,793 Intercompany payables — 225,341 62,702 (288,043 ) — Operating lease liabilities — 6,434 1,381 — 7,815 Deferred gains and other liabilities — 745 — — 745 Total liabilities 147,475 386,040 69,398 (297,952 ) 304,961 Redeemable noncontrolling interest — — 2,812 — 2,812 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 21,285,613 outstanding, exclusive of treasury shares 224 — — — 224 Additional paid-in capital 452,010 100,307 4,562 (104,870 ) 452,009 Retained earnings 14,671 136,023 (50,750 ) (85,252 ) 14,692 Treasury shares, at cost, 1,152,826 shares (10,183 ) — — — (10,183 ) Total equity 456,722 236,330 (46,188 ) (190,122 ) 456,742 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 604,197 $ 622,370 $ 26,022 $ (488,074 ) $ 764,515
Condensed Consolidating Statements of Operations	Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended March 31, 2020 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Revenues $ — $ 51,918 $ 12,150 $ (7,012 ) $ 57,056 Costs and expenses: Operating — 32,441 13,077 (7,012 ) 38,506 Administrative and general 4,583 7,323 839 — 12,745 Depreciation — 9,295 212 — 9,507 Total costs and expenses 4,583 49,059 14,128 (7,012 ) 60,758 Loss on asset dispositions, net — (34 ) — — (34 ) Operating income (loss) (4,583 ) 2,825 (1,978 ) — (3,736 ) Other income (expense): Interest income 378 337 34 — 749 Interest expense (3,281 ) (158 ) — — (3,439 ) Foreign currency losses, net (24 ) (45 ) (1,635 ) — (1,704 ) Other, net — 12 (2 ) — 10 Total other income (expense) (2,927 ) 146 (1,603 ) — (4,384 ) Income (loss) before income taxes and equity earnings (7,510 ) 2,971 (3,581 ) — (8,120 ) Income tax (benefit) expense (1,072 ) 241 — — (831 ) Income (loss) before equity earnings (6,438 ) 2,730 (3,581 ) — (7,289 ) Equity in earnings (losses) of subsidiaries (795 ) — — 795 — Net income (loss) (7,233 ) 2,730 (3,581 ) 795 (7,289 ) Net loss attributable to noncontrolling interest in subsidiary — — 60 — 60 Net income (loss) attributable to Era Group Inc. $ (7,233 ) $ 2,730 $ (3,521 ) $ 795 $ (7,229 ) Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended March 31, 2019 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Revenues $ — $ 45,314 $ 13,617 $ (7,638 ) $ 51,293 Costs and expenses: Operating — 30,049 14,285 (7,638 ) 36,696 Administrative and general 1,242 6,672 961 — 8,875 Depreciation — 9,197 253 — 9,450 Total costs and expenses 1,242 45,918 15,499 (7,638 ) 55,021 Loss on asset dispositions, net — (124 ) — — (124 ) Operating loss (1,242 ) (728 ) (1,882 ) — (3,852 ) Other income (expense): Interest income 196 504 52 — 752 Interest expense (3,241 ) (213 ) (7 ) — (3,461 ) Foreign currency losses, net (40 ) (49 ) (37 ) — (126 ) Other, net — (1 ) (10 ) — (11 ) Total other income (expense) (3,085 ) 241 (2 ) — (2,846 ) Loss before income taxes and equity earnings (4,327 ) (487 ) (1,884 ) — (6,698 ) Income tax (benefit) expense 336 (1,924 ) — — (1,588 ) Income (loss) before equity earnings (4,663 ) 1,437 (1,884 ) — (5,110 ) Equity in earnings (losses) of subsidiaries (1,280 ) (975 ) — 1,280 (975 ) Net income (loss) (5,943 ) 462 (1,884 ) 1,280 (6,085 ) Net loss attributable to noncontrolling interest in subsidiary — — 142 — 142 Net income (loss) attributable to Era Group Inc. $ (5,943 ) $ 462 $ (1,742 ) $ 1,280 $ (5,943 )
Condensed Consolidating Statements of Comprehensive Income	Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2020 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (7,233 ) $ 2,730 $ (3,581 ) $ 795 $ (7,289 ) Comprehensive income (loss) (7,233 ) 2,730 (3,581 ) 795 (7,289 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — — 60 — 60 Comprehensive income (loss) attributable to Era Group Inc. $ (7,233 ) $ 2,730 $ (3,521 ) $ 795 $ (7,229 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2019 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ (5,943 ) $ 462 $ (1,884 ) $ 1,280 $ (6,085 ) Comprehensive income (loss) (5,943 ) 462 (1,884 ) 1,280 (6,085 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — — 142 — 142 Comprehensive income (loss) attributable to Era Group Inc. $ (5,943 ) $ 462 $ (1,742 ) $ 1,280 $ (5,943 )
Condensed Consolidating Statements of Cash Flows	Supplemental Condensed Consolidating Statements of Cash Flows for the Three Months Ended March 31, 2020 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ (2,752 ) $ 708 $ (88 ) $ — $ (2,132 ) Cash flows from investing activities: Purchases of property and equipment — (347 ) (53 ) — (400 ) Principal payments on third party notes receivable — 55 — — 55 Net cash used in investing activities — (292 ) (53 ) — (345 ) Cash flows from financing activities: Payments on long-term debt — (416 ) — — (416 ) Purchase of treasury shares (561 ) — — — (561 ) Net cash used in financing activities (561 ) (416 ) — — (977 ) Effects of exchange rate changes on cash and cash equivalents — — (394 ) — (394 ) Net decrease in cash, cash equivalents and restricted cash (3,313 ) — (535 ) — (3,848 ) Cash, cash equivalents and restricted cash, beginning of period 114,971 — 2,395 — 117,366 Cash, cash equivalents and restricted cash, end of period $ 111,658 $ — $ 1,860 $ — $ 113,518 Supplemental Condensed Consolidating Statements of Cash Flows for the Three Months Ended March 31, 2019 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ 5,477 $ (1,386 ) $ (1,456 ) $ — $ 2,635 Cash flows from investing activities: Purchases of property and equipment — (1,221 ) (91 ) — (1,312 ) Purchase of investments (5,000 ) — — — (5,000 ) Principal payments on notes due from equity investees — 2,334 — — 2,334 Principal payments on third party notes receivable — 104 — — 104 Net cash provided by (used in) investing activities (5,000 ) 1,217 (91 ) — (3,874 ) Cash flows from financing activities: Payments on long-term debt — (416 ) (126 ) — (542 ) Proceeds from share award plans — — — 590 590 Purchase of treasury shares — — — (5 ) (5 ) Borrowings and repayments of intercompany debt — 585 — (585 ) — Net cash provided by (used in) financing activities — 169 (126 ) — 43 Effects of exchange rate changes on cash and cash equivalents — — 55 — 55 Net increase (decrease) in cash, cash equivalents and restricted cash 477 — (1,618 ) — (1,141 ) Cash, cash equivalents and restricted cash, beginning of period 48,396 — 2,357 — 50,753 Cash, cash equivalents and restricted cash, end of period $ 48,873 $ — $ 739 $ — $ 49,612

FAIR VALUE MEASUREMENTS - Estim

FAIR VALUE MEASUREMENTS - Estimated Fair Value Of Other Financial Assets And Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 159,905	$ 160,149
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	155,120	166,691
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Fair Value Disclosures [Abstract]
Purchase of investments	$ 5
Proceeds from sale of investments	4.4
Net loss on investment	$ 0.6

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)helicopter	Mar. 31, 2019USD ($)helicopter	Dec. 31, 2019USD ($)helicopter	Dec. 31, 2018helicopter
Property, Plant and Equipment [Line Items]
Purchases of property and equipment | $	$ 400,000	$ 1,312,000
Interest capitalized during the period | $	$ 0	$ 0
Number of helicopter acquisitions | helicopter	0	0
Number of helicopter dispositions | helicopter	0	0	2	6
Number of helicopters parted out | helicopter	1
Construction in Progress
Property, Plant and Equipment [Line Items]
Interest capitalized in property and equipment | $	$ 700,000		$ 700,000

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)helicopter	Mar. 31, 2019USD ($)helicopter	Dec. 31, 2019USD ($)helicopter	Dec. 31, 2018helicopter
Property, Plant and Equipment [Line Items]
Operating lease expense	$ 1	$ 0.9
Short-term lease cost	0.4	0.3
Cash paid for amounts included in the measurement of lease liabilities	$ 0.6	$ 0.5
Number of helicopter dispositions | helicopter	0	0	2	6
Interest income	$ 0.3
Sales-type lease receivables	$ 13.4
H225 Helicopters
Property, Plant and Equipment [Line Items]
Proceeds from disposition of property and equipment			$ 5
Minimum
Property, Plant and Equipment [Line Items]
Remaining lease term	1 year
Maximum
Property, Plant and Equipment [Line Items]
Remaining lease term	59 years

LEASES - Future Minimum Payment

LEASES - Future Minimum Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 1,657
2021	1,715
2022	1,234
2023	1,186
2024	987
Years subsequent to 2024	8,498
Total future minimum lease payments	15,277
Less: imputed interest	6,452
Present value of lease liabilities	$ 8,825	$ 9,588

LEASES - Reported Balances (Det

LEASES - Reported Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use asset	$ 8,672	$ 9,468
Other current liabilities	1,722	1,773
Long-term lease liabilities	7,103	7,815
Total operating lease liabilities	$ 8,825	$ 9,588

LEASES - Other Information (Det

LEASES - Other Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Leases [Abstract]
Weighted average remaining lease term	17 years		16 years
Weighted average discount rate	6.15%		6.11%
Cash paid for amounts included in the measurement of lease liabilities (in thousands)	$ 0.6	$ 0.5

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax benefit	$ 831	$ 1,588
Effective tax rate	10.20%	23.70%
Unrecognized tax benefits	$ 100		$ 100

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total principal balance on borrowings	$ 161,989	$ 162,405
Portion due within one year	(17,901)	(18,317)
Unamortized debt issuance costs	(1,219)	(1,320)
Unamortized discount, net	(865)	(936)
Long-term debt	142,004	141,832
7.750% Senior Notes
Debt Instrument [Line Items]
Total principal balance on borrowings	144,088	144,088
Senior secured revolving credit facility
Debt Instrument [Line Items]
Total principal balance on borrowings	0	0
Promissory notes
Debt Instrument [Line Items]
Total principal balance on borrowings	$ 17,901	$ 18,317

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) - USD ($)	Dec. 07, 2012	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2018	Mar. 07, 2018	Mar. 06, 2018
7.750% Senior Notes | Senior Unsecured Notes Due December 15, 2022
Debt Instrument [Line Items]
Aggregate principal amount	$ 200,000,000
Stated interest rate	7.75%
Proceeds from issuance of long-term debt	$ 191,900,000
Promissory notes
Debt Instrument [Line Items]
Payments on long-term debt		$ 400,000	$ 400,000
Monthly payment		100,000
Final payment		16,800,000
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing amount		50,000,000
Senior secured revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing amount		125,000,000			$ 125,000,000	$ 200,000,000
Interest coverage ratio					175.00%
Senior secured leverage ratio					325.00%
Increase in commitments due to accordion feature		$ 50,000,000
Commitment fee basis point		0.375%
Outstanding borrowings		$ 0
Letters of credit outstanding		$ 700,000
Write off of deferred debt issuance cost				$ 400,000
Payments of debt issuance costs				$ 1,300,000
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		1.50%
Senior secured revolving credit facility | Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
Senior secured revolving credit facility | Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		2.50%
Senior secured revolving credit facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		2.50%
Senior secured revolving credit facility | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%
Senior secured revolving credit facility | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		3.50%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)helicopter
Loss Contingencies [Line Items]
Unfunded capital commitments	$ 79.6
Deposits paid	1.3
Liquidated damages	2.1
Contingent Fees Sought by Former Tax Consultant | Pending Litigation
Loss Contingencies [Line Items]
Taxes, penalties and interest	0.7
Foreign Tax Authority | Aeroleo | Other Litigation Matters
Loss Contingencies [Line Items]
Other current assets	3.9
Foreign Tax Authority | State of Rio de Janeiro
Loss Contingencies [Line Items]
Taxes, penalties and interest	10.9
Foreign Tax Authority | State of Rio de Janeiro | Aeroleo
Loss Contingencies [Line Items]
Taxes, penalties and interest	$ 8.3
AW189 Heavy Helicopters
Loss Contingencies [Line Items]
Number of helicopters | helicopter	3
Number of additional helicopters | helicopter	10
AW169 Light Twin Helicopters
Loss Contingencies [Line Items]
Number of helicopters | helicopter	5

EARNINGS (LOSS) PER COMMON SH_3

EARNINGS (LOSS) PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss attributable to Era Group Inc.	$ (7,229)	$ (5,943)
Less: Net income attributable to participating securities	0	0
Net loss attributable to fully vested common stock	$ (7,229)	$ (5,943)
Weighted average common shares outstanding:
Basic (in shares)	20,702,670	21,323,312
Diluted (in shares)	20,702,670	21,323,312
Income (loss) per common share:
Loss per common share, basic and diluted (in dollars per shares)	$ (0.35)	$ (0.28)
Stock Options and Restricted Stock
Income (loss) per common share:
Weighted average antidilutive shares (in shares)		203,612

EARNINGS (LOSS) PER COMMON SH_4

EARNINGS (LOSS) PER COMMON SHARE - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended
	Apr. 30, 2020	Mar. 31, 2020	Mar. 31, 2019	May 01, 2020	Jan. 24, 2020	Aug. 14, 2014
Equity, Class of Treasury Stock [Line Items]
Purchase of treasury shares		$ 561,000	$ 5,000
Board Approved Plan
Equity, Class of Treasury Stock [Line Items]
Treasury shares authorized to repurchase					$ 10,000,000	$ 25,000,000
Subsequent Event | Board Approved Plan
Equity, Class of Treasury Stock [Line Items]
Treasury shares (in shares)	230,889
Purchase of treasury shares	$ 1,000,000
Treasury stock acquired (in dollars per share)	$ 4.14
Remaining treasury shares authorized				$ 9,000,000

REVENUES - Operating Revenue (D

REVENUES - Operating Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 57,056	$ 51,293
Dry-leasing | U.S.
Disaggregation of Revenue [Line Items]
Total revenues	190	451
Dry-leasing | International
Disaggregation of Revenue [Line Items]
Total revenues	2,886	3,012
Operating Income
Disaggregation of Revenue [Line Items]
Total revenues	53,980	47,830
Operating Income | U.S.
Disaggregation of Revenue [Line Items]
Total revenues	38,992	34,214
Operating Income | International
Disaggregation of Revenue [Line Items]
Total revenues	14,988	13,616
Operating Income | Oil and Gas
Disaggregation of Revenue [Line Items]
Total revenues	50,335	46,082
Operating Income | Oil and Gas | U.S.
Disaggregation of Revenue [Line Items]
Total revenues	37,054	32,466
Operating Income | Oil and Gas | International
Disaggregation of Revenue [Line Items]
Total revenues	13,281	13,616
Operating Income | Emergency response services
Disaggregation of Revenue [Line Items]
Total revenues	$ 3,645	$ 1,748

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	Apr. 01, 2019	Mar. 31, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Proceeds from divestiture of businesses	$ 38
Gain on disposition of business	$ 10.9
Dart
Related Party Transaction [Line Items]
Amount of purchased products		$ 0.6
Note receivable			$ 2.3

SHARE BASED COMPENSATION (Detai

SHARE BASED COMPENSATION (Details) - Restricted Stock	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Number of Shares
Non-vested, beginning balance (in shares) | shares	626,399
Vested (in shares) | shares	(282,263)
Non-vested, ending balance (in shares) | shares	898,251
Weighted Average Grant Price
Non-vested, beginning balance (USD per share) | $ / shares	$ 10.31
Vested (USD per share) | $ / shares	10.44
Non-vested, ending balance (USD per share) | $ / shares	$ 8.56
Non-employee directors
Number of Shares
Restricted stock awards granted (in shares) | shares	40,430
Weighted Average Grant Price
Restricted stock awards granted (USD per share) | $ / shares	$ 7.54
Employees
Number of Shares
Restricted stock awards granted (in shares) | shares	513,685
Weighted Average Grant Price
Restricted stock awards granted (USD per share) | $ / shares	$ 7.54

SHARE BASED COMPENSATION - Narr

SHARE BASED COMPENSATION - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	0
Share-based compensation	$ 698	$ 807
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	2,900	2,500
2013 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 700	$ 800

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	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 113,518	$ 117,366
Receivables:
Trade, operating, net of allowance for doubtful accounts	34,102	32,730
Trade, dry-leasing	5,754	5,234
Tax receivables	2,159	2,860
Other	15,006	15,421
Inventories, net	19,941	20,066
Prepaid expenses	3,412	2,184
Total current assets	193,892	195,861
Property and equipment	893,585	895,063
Accumulated depreciation	(345,457)	(338,164)
Property and equipment, net	548,128	556,899
Operating lease right-of-use	8,672	9,468
Investments in consolidated subsidiaries	0	0
Intangible assets	92	96
Deferred income taxes	0	0
Intercompany receivables	0	0
Other assets	1,726	2,191
Total assets	752,510	764,515
Current liabilities:
Accounts payable and accrued expenses	12,475	12,923
Accrued wages and benefits	6,565	10,554
Accrued interest	3,309	520
Accrued income taxes	2,297	3,612
Accrued other taxes	1,539	937
Accrued contingencies	701	598
Current portion of long-term debt	17,901	18,317
Other current liabilities	3,310	3,315
Total current liabilities	48,097	50,776
Long-term debt	142,004	141,832
Deferred income taxes	101,984	103,793
Intercompany payables	0	0
Operating lease liabilities	7,103	7,815
Deferred gains and other liabilities	920	745
Total liabilities	300,108	304,961
Redeemable noncontrolling interest	2,752	2,812	$ 3,160	$ 3,302
Equity:
Common stock	230	224
Additional paid-in capital	452,701	452,009
Retained earnings	7,463	14,692
Treasury shares, at cost	(10,744)	(10,183)
Total equity	449,650	456,742	$ 458,885	$ 463,436
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	752,510	764,515
Reportable Legal Entities | Parent
Current assets:
Cash and cash equivalents	111,654	114,965
Receivables:
Trade, operating, net of allowance for doubtful accounts	0	0
Trade, dry-leasing	0	0
Tax receivables	0	0
Other	0	0
Inventories, net	0	0
Prepaid expenses	991	488
Total current assets	112,645	115,453
Property and equipment	0	0
Accumulated depreciation	0	0
Property and equipment, net	0	0
Operating lease right-of-use	0	0
Investments in consolidated subsidiaries	189,347	190,142
Intangible assets	0	0
Deferred income taxes	11,711	9,909
Intercompany receivables	285,926	288,023
Other assets	524	670
Total assets	600,153	604,197
Current liabilities:
Accounts payable and accrued expenses	1,239	405
Accrued wages and benefits	625	122
Accrued interest	3,259	468
Accrued income taxes	2,273	3,595
Accrued other taxes	0	0
Accrued contingencies	0	0
Current portion of long-term debt	0	0
Other current liabilities	1,126	1,053
Total current liabilities	8,522	5,643
Long-term debt	142,004	141,832
Deferred income taxes	0	0
Intercompany payables	0	0
Operating lease liabilities	0	0
Deferred gains and other liabilities	0	0
Total liabilities	150,526	147,475
Redeemable noncontrolling interest	0	0
Equity:
Common stock	230	224
Additional paid-in capital	452,703	452,010
Retained earnings	7,438	14,671
Treasury shares, at cost	(10,744)	(10,183)
Total equity	449,627	456,722
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	600,153	604,197
Reportable Legal Entities | Guarantors
Current assets:
Cash and cash equivalents	0	0
Receivables:
Trade, operating, net of allowance for doubtful accounts	28,738	27,230
Trade, dry-leasing	5,754	5,234
Tax receivables	2	2
Other	14,594	15,136
Inventories, net	19,927	20,019
Prepaid expenses	2,108	1,480
Total current assets	71,123	69,101
Property and equipment	876,767	878,281
Accumulated depreciation	(340,873)	(333,788)
Property and equipment, net	535,894	544,493
Operating lease right-of-use	7,526	7,694
Investments in consolidated subsidiaries	0	0
Intangible assets	0	0
Deferred income taxes	0	0
Intercompany receivables	0	0
Other assets	873	1,082
Total assets	615,416	622,370
Current liabilities:
Accounts payable and accrued expenses	10,078	10,937
Accrued wages and benefits	4,767	9,065
Accrued interest	50	52
Accrued income taxes	0	1
Accrued other taxes	1,201	487
Accrued contingencies	0	0
Current portion of long-term debt	17,901	18,317
Other current liabilities	1,904	1,866
Total current liabilities	35,901	40,725
Long-term debt	0	0
Deferred income taxes	112,788	112,795
Intercompany payables	220,529	225,341
Operating lease liabilities	6,219	6,434
Deferred gains and other liabilities	920	745
Total liabilities	376,357	386,040
Redeemable noncontrolling interest	0	0
Equity:
Common stock	0	0
Additional paid-in capital	100,306	100,307
Retained earnings	138,753	136,023
Treasury shares, at cost	0	0
Total equity	239,059	236,330
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	615,416	622,370
Reportable Legal Entities | Non-guarantors
Current assets:
Cash and cash equivalents	1,864	2,401
Receivables:
Trade, operating, net of allowance for doubtful accounts	5,364	5,500
Trade, dry-leasing	0	0
Tax receivables	2,157	2,858
Other	412	285
Inventories, net	14	47
Prepaid expenses	313	216
Total current assets	10,124	11,307
Property and equipment	16,818	16,782
Accumulated depreciation	(4,584)	(4,376)
Property and equipment, net	12,234	12,406
Operating lease right-of-use	1,146	1,774
Investments in consolidated subsidiaries	0	0
Intangible assets	92	96
Deferred income taxes	0	0
Intercompany receivables	0	0
Other assets	329	439
Total assets	23,925	26,022
Current liabilities:
Accounts payable and accrued expenses	1,158	1,581
Accrued wages and benefits	1,173	1,367
Accrued interest	0	0
Accrued income taxes	24	16
Accrued other taxes	338	450
Accrued contingencies	701	598
Current portion of long-term debt	0	0
Other current liabilities	280	396
Total current liabilities	3,674	4,408
Long-term debt	0	0
Deferred income taxes	907	907
Intercompany payables	65,417	62,702
Operating lease liabilities	884	1,381
Deferred gains and other liabilities	0	0
Total liabilities	70,882	69,398
Redeemable noncontrolling interest	2,752	2,812
Equity:
Common stock	0	0
Additional paid-in capital	4,562	4,562
Retained earnings	(54,271)	(50,750)
Treasury shares, at cost	0	0
Total equity	(49,709)	(46,188)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	23,925	26,022
Eliminations
Current assets:
Cash and cash equivalents	0	0
Receivables:
Trade, operating, net of allowance for doubtful accounts	0	0
Trade, dry-leasing	0	0
Tax receivables	0	0
Other	0	0
Inventories, net	0	0
Prepaid expenses	0	0
Total current assets	0	0
Property and equipment	0	0
Accumulated depreciation	0	0
Property and equipment, net	0	0
Operating lease right-of-use	0	0
Investments in consolidated subsidiaries	(189,347)	(190,142)
Intangible assets	0	0
Deferred income taxes	(11,711)	(9,909)
Intercompany receivables	(285,926)	(288,023)
Other assets	0	0
Total assets	(486,984)	(488,074)
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	0	0
Deferred income taxes	(11,711)	(9,909)
Intercompany payables	(285,946)	(288,043)
Operating lease liabilities	0	0
Deferred gains and other liabilities	0	0
Total liabilities	(297,657)	(297,952)
Redeemable noncontrolling interest	0	0
Equity:
Common stock	0	0
Additional paid-in capital	(104,870)	(104,870)
Retained earnings	(84,457)	(85,252)
Treasury shares, at cost	0	0
Total equity	(189,327)	(190,122)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ (486,984)	$ (488,074)

GUARANTORS OF SECURITIES (Con_2

GUARANTORS OF SECURITIES (Condensed Balance Sheet - Additional Information) (Details) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Guarantees [Abstract]
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)	21,756,272	21,285,613
Treasury shares (in shares)	1,236,282	1,152,826

GUARANTORS OF SECURITIES (Con_3

GUARANTORS OF SECURITIES (Condensed Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Condensed Income Statements, Captions [Line Items]
Revenues	$ 57,056	$ 51,293
Costs and expenses:
Operating	38,506	36,696
Administrative and general	12,745	8,875
Depreciation	9,507	9,450
Total costs and expenses	60,758	55,021
Loss on asset dispositions, net	(34)	(124)
Operating loss	(3,736)	(3,852)
Other income (expense):
Interest income	749	752
Interest expense	(3,439)	(3,461)
Foreign currency losses, net	(1,704)	(126)
Other, net	10	(11)
Total other income (expense)	(4,384)	(2,846)
Loss before income taxes and equity earnings	(8,120)	(6,698)
Income tax (benefit) expense	831	1,588
Loss before equity earnings	(7,289)	(5,110)
Equity in earnings (losses) of subsidiaries	0	(975)
Net loss	(7,289)	(6,085)
Net loss attributable to noncontrolling interest in subsidiary	60	142
Net loss attributable to Era Group Inc.	(7,229)	(5,943)
Reportable Legal Entities | Parent
Condensed Income Statements, Captions [Line Items]
Revenues	0	0
Costs and expenses:
Operating	0	0
Administrative and general	4,583	1,242
Depreciation	0	0
Total costs and expenses	4,583	1,242
Loss on asset dispositions, net	0	0
Operating loss	(4,583)	(1,242)
Other income (expense):
Interest income	378	196
Interest expense	(3,281)	(3,241)
Foreign currency losses, net	(24)	(40)
Other, net	0	0
Total other income (expense)	(2,927)	(3,085)
Loss before income taxes and equity earnings	(7,510)	(4,327)
Income tax (benefit) expense	1,072	(336)
Loss before equity earnings	(6,438)	(4,663)
Equity in earnings (losses) of subsidiaries	(795)	(1,280)
Net loss	(7,233)	(5,943)
Net loss attributable to noncontrolling interest in subsidiary	0	0
Net loss attributable to Era Group Inc.	(7,233)	(5,943)
Reportable Legal Entities | Guarantors
Condensed Income Statements, Captions [Line Items]
Revenues	51,918	45,314
Costs and expenses:
Operating	32,441	30,049
Administrative and general	7,323	6,672
Depreciation	9,295	9,197
Total costs and expenses	49,059	45,918
Loss on asset dispositions, net	(34)	(124)
Operating loss	2,825	(728)
Other income (expense):
Interest income	337	504
Interest expense	(158)	(213)
Foreign currency losses, net	(45)	(49)
Other, net	12	(1)
Total other income (expense)	146	241
Loss before income taxes and equity earnings	2,971	(487)
Income tax (benefit) expense	(241)	1,924
Loss before equity earnings	2,730	1,437
Equity in earnings (losses) of subsidiaries	0	(975)
Net loss	2,730	462
Net loss attributable to noncontrolling interest in subsidiary	0	0
Net loss attributable to Era Group Inc.	2,730	462
Reportable Legal Entities | Non-guarantors
Condensed Income Statements, Captions [Line Items]
Revenues	12,150	13,617
Costs and expenses:
Operating	13,077	14,285
Administrative and general	839	961
Depreciation	212	253
Total costs and expenses	14,128	15,499
Loss on asset dispositions, net	0	0
Operating loss	(1,978)	(1,882)
Other income (expense):
Interest income	34	52
Interest expense	0	(7)
Foreign currency losses, net	(1,635)	(37)
Other, net	(2)	(10)
Total other income (expense)	(1,603)	(2)
Loss before income taxes and equity earnings	(3,581)	(1,884)
Income tax (benefit) expense	0	0
Loss before equity earnings	(3,581)	(1,884)
Equity in earnings (losses) of subsidiaries	0	0
Net loss	(3,581)	(1,884)
Net loss attributable to noncontrolling interest in subsidiary	60	142
Net loss attributable to Era Group Inc.	(3,521)	(1,742)
Eliminations
Condensed Income Statements, Captions [Line Items]
Revenues	(7,012)	(7,638)
Costs and expenses:
Operating	(7,012)	(7,638)
Administrative and general	0	0
Depreciation	0	0
Total costs and expenses	(7,012)	(7,638)
Loss on asset dispositions, net	0	0
Operating loss	0	0
Other income (expense):
Interest income	0	0
Interest expense	0	0
Foreign currency losses, net	0	0
Other, net	0	0
Total other income (expense)	0	0
Loss before income taxes and equity earnings	0	0
Income tax (benefit) expense	0	0
Loss before equity earnings	0	0
Equity in earnings (losses) of subsidiaries	795	1,280
Net loss	795	1,280
Net loss attributable to noncontrolling interest in subsidiary	0	0
Net loss attributable to Era Group Inc.	$ 795	$ 1,280

GUARANTORS OF SECURITIES (Con_4

GUARANTORS OF SECURITIES (Condensed Statement of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ (7,289)	$ (6,085)
Comprehensive loss	(7,289)	(6,085)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	60	142
Comprehensive loss attributable to Era Group Inc.	(7,229)	(5,943)
Reportable Legal Entities | Parent
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(7,233)	(5,943)
Comprehensive loss	(7,233)	(5,943)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	0	0
Comprehensive loss attributable to Era Group Inc.	(7,233)	(5,943)
Reportable Legal Entities | Guarantors
Condensed Statement of Income Captions [Line Items]
Net income (loss)	2,730	462
Comprehensive loss	2,730	462
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	0	0
Comprehensive loss attributable to Era Group Inc.	2,730	462
Reportable Legal Entities | Non-guarantors
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(3,581)	(1,884)
Comprehensive loss	(3,581)	(1,884)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	60	142
Comprehensive loss attributable to Era Group Inc.	(3,521)	(1,742)
Eliminations
Condensed Statement of Income Captions [Line Items]
Net income (loss)	795	1,280
Comprehensive loss	795	1,280
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	0	0
Comprehensive loss attributable to Era Group Inc.	$ 795	$ 1,280

GUARANTORS OF SECURITIES (Con_5

GUARANTORS OF SECURITIES (Condensed Cash Flow Statement) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ (2,132)	$ 2,635
Cash flows from investing activities:
Purchases of property and equipment	(400)	(1,312)
Purchase of investments	0	(5,000)
Principal payments on notes due from equity investees	0	2,334
Principal payments on third party notes receivable	55	104
Net cash used in investing activities	(345)	(3,874)
Cash flows from financing activities:
Payments on long-term debt	(416)	(542)
Proceeds from share award plans	0	590
Purchase of treasury shares	(561)	(5)
Borrowings and repayments of intercompany debt		0
Net cash provided by (used in) financing activities	(977)	43
Effects of exchange rate changes on cash and cash equivalents	(394)	55
Net decrease in cash, cash equivalents and restricted cash	(3,848)	(1,141)
Cash, cash equivalents and restricted cash, beginning of period	117,366	50,753
Cash, cash equivalents and restricted cash, end of period	113,518	49,612
Reportable Legal Entities | Parent
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(2,752)	5,477
Cash flows from investing activities:
Purchases of property and equipment	0	0
Purchase of investments		(5,000)
Principal payments on notes due from equity investees		0
Principal payments on third party notes receivable	0	0
Net cash used in investing activities	0	(5,000)
Cash flows from financing activities:
Payments on long-term debt	0	0
Proceeds from share award plans		0
Purchase of treasury shares	(561)	0
Borrowings and repayments of intercompany debt		0
Net cash provided by (used in) financing activities	(561)	0
Effects of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash, cash equivalents and restricted cash	(3,313)	477
Cash, cash equivalents and restricted cash, beginning of period	114,971	48,396
Cash, cash equivalents and restricted cash, end of period	111,658	48,873
Reportable Legal Entities | Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	708	(1,386)
Cash flows from investing activities:
Purchases of property and equipment	(347)	(1,221)
Purchase of investments		0
Principal payments on notes due from equity investees		2,334
Principal payments on third party notes receivable	55	104
Net cash used in investing activities	(292)	1,217
Cash flows from financing activities:
Payments on long-term debt	(416)	(416)
Proceeds from share award plans		0
Purchase of treasury shares	0	0
Borrowings and repayments of intercompany debt		585
Net cash provided by (used in) financing activities	(416)	169
Effects of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	0	0
Reportable Legal Entities | Non-guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(88)	(1,456)
Cash flows from investing activities:
Purchases of property and equipment	(53)	(91)
Purchase of investments		0
Principal payments on notes due from equity investees		0
Principal payments on third party notes receivable	0	0
Net cash used in investing activities	(53)	(91)
Cash flows from financing activities:
Payments on long-term debt	0	(126)
Proceeds from share award plans		0
Purchase of treasury shares	0	0
Borrowings and repayments of intercompany debt		0
Net cash provided by (used in) financing activities	0	(126)
Effects of exchange rate changes on cash and cash equivalents	(394)	55
Net decrease in cash, cash equivalents and restricted cash	(535)	(1,618)
Cash, cash equivalents and restricted cash, beginning of period	2,395	2,357
Cash, cash equivalents and restricted cash, end of period	1,860	739
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
Purchase of investments		0
Principal payments on notes due from equity investees		0
Principal payments on third party notes receivable	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Payments on long-term debt	0	0
Proceeds from share award plans		590
Purchase of treasury shares	0	(5)
Borrowings and repayments of intercompany debt		(585)
Net cash provided by (used in) financing activities	0	0
Effects of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	$ 0	$ 0