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GUARANTORS OF SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2019
Guarantees [Abstract] |
Condensed Consolidating Balance Sheet | 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 Balance Sheet as of December 31, 2018
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands, except share data)
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 48,396 |  |  | $ | — |  |  | $ | 2,357 |  |  | $ | — |  |  | $ | 50,753 |
Receivables: |  |  |  |  |  |  |  |  |
Trade, operating, net of allowance for doubtful accounts of $261 | — |  |  | 27,509 |  |  | 5,797 |  |  | $ | — |  |  | 33,306 |
Trade, dry leasing | — |  |  | 3,803 |  |  | — |  |  | — |  |  | 3,803 |
Tax receivables | — |  |  | 6 |  |  | 3,181 |  |  | — |  |  | 3,187 |
Other | — |  |  | 1,949 |  |  | 394 |  |  | — |  |  | 2,343 |
Inventories, net | — |  |  | 20,633 |  |  | 40 |  |  | — |  |  | 20,673 |
Prepaid expenses | 398 |  |  | 1,219 |  |  | 190 |  |  | — |  |  | 1,807 |
Total current assets | 48,794 |  |  | 55,119 |  |  | 11,959 |  |  | — |  |  | 115,872 |
Property and equipment | — |  |  | 900,611 |  |  | 16,550 |  |  | — |  |  | 917,161 |
Accumulated depreciation | — |  |  | (314,567 | ) |  | (3,400 | ) |  | — |  |  | (317,967 | )
Property and equipment, net | — |  |  | 586,044 |  |  | 13,150 |  |  | — |  |  | 599,194 |
Equity investments and advances | — |  |  | 27,112 |  |  | — |  |  | — |  |  | 27,112 |
Investments in consolidated subsidiaries | 172,950 |  |  | — |  |  | — |  |  | (172,950 | ) |  | — |
Intangible assets | — |  |  | — |  |  | 1,107 |  |  | — |  |  | 1,107 |
Deferred income taxes | 9,904 |  |  | — |  |  | — |  |  | (9,904 | ) |  | — |
Intercompany receivables | 366,541 |  |  | — |  |  | — |  |  | (366,541 | ) |  | — |
Other assets | 1,251 |  |  | 20,231 |  |  | 96 |  |  | — |  |  | 21,578 |
Total assets | $ | 599,440 |  |  | $ | 688,506 |  |  | $ | 26,312 |  |  | $ | (549,395 | ) |  | $ | 764,863 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses | $ | 136 |  |  | $ | 11,357 |  |  | $ | 1,668 |  |  | $ | — |  |  | $ | 13,161 |
Accrued wages and benefits | 43 |  |  | 7,743 |  |  | 1,481 |  |  | — |  |  | 9,267 |
Accrued interest | 500 |  |  | 69 |  |  | — |  |  | — |  |  | 569 |
Accrued income taxes | 918 |  |  | 6 |  |  | 49 |  |  | — |  |  | 973 |
Accrued other taxes | — |  |  | 768 |  |  | 500 |  |  | — |  |  | 1,268 |
Accrued contingencies | — |  |  | — |  |  | 630 |  |  | — |  |  | 630 |
Current portion of long-term debt | — |  |  | 1,663 |  |  | 395 |  |  | — |  |  | 2,058 |
Other current liabilities | 647 |  |  | 220 |  |  | 11 |  |  | — |  |  | 878 |
Total current liabilities | 2,244 |  |  | 21,826 |  |  | 4,734 |  |  | — |  |  | 28,804 |
Long-term debt | 133,900 |  |  | 26,317 |  |  | — |  |  | — |  |  | 160,217 |
Deferred income taxes | — |  |  | 117,015 |  |  | 1,245 |  |  | (9,903 | ) |  | 108,357 |
Intercompany payables | — |  |  | 310,727 |  |  | 55,847 |  |  | (366,574 | ) |  | — |
Deferred gains and other liabilities | — |  |  | 720 |  |  | 27 |  |  | — |  |  | 747 |
Total liabilities | 136,144 |  |  | 476,605 |  |  | 61,853 |  |  | (376,477 | ) |  | 298,125 |
Redeemable noncontrolling interest | — |  |  | 3 |  |  | 3,299 |  |  | — |  |  | 3,302 |
Equity: |  |  |  |  |  |  |  |  |
Era Group Inc. stockholders’ equity: |  |  |  |  |  |  |  |  |
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,765,404 outstanding, exclusive of treasury shares | 219 |  |  | — |  |  | — |  |  | — |  |  | 219 |
Additional paid-in capital | 447,299 |  |  | 100,306 |  |  | 4,562 |  |  | (104,869 | ) |  | 447,298 |
Retained earnings | 18,254 |  |  | 111,482 |  |  | (43,402 | ) |  | (68,049 | ) |  | 18,285 |
Treasury shares, at cost, 156,737 shares | (2,476 | ) |  | — |  |  | — |  |  | — |  |  | (2,476 | )
Accumulated other comprehensive income, net of tax | — |  |  | 110 |  |  | — |  |  | — |  |  | 110 |
Total equity | 463,296 |  |  | 211,898 |  |  | (38,840 | ) |  | (172,918 | ) |  | 463,436 |
Total liabilities, redeemable noncontrolling interest and stockholders’ equity | $ | 599,440 |  |  | $ | 688,506 |  |  | $ | 26,312 |  |  | $ | (549,395 | ) |  | $ | 764,863 |
Condensed Consolidating Statements of Operations | Supplemental Condensed Consolidating Statements of Operations for the Year Ended December 31, 2019
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Revenues | $ | — |  |  | $ | 202,653 |  |  | $ | 55,695 |  |  | $ | (32,289 | ) |  | $ | 226,059 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Operating | — |  |  | 128,928 |  |  | 57,896 |  |  | (32,278 | ) |  | 154,546 |
Administrative and general | 5,777 |  |  | 28,930 |  |  | 3,571 |  |  | — |  |  | 38,278 |
Depreciation | — |  |  | 36,716 |  |  | 903 |  |  | — |  |  | 37,619 |
Total costs and expenses | 5,777 |  |  | 194,574 |  |  | 62,370 |  |  | (32,278 | ) |  | 230,443 |
Gains on asset dispositions, net | — |  |  | 3,657 |  |  | — |  |  | — |  |  | 3,657 |
Loss on impairment | — |  |  | (2,551 | ) |  | — |  |  | — |  |  | (2,551 | )
Operating income (loss) | (5,777 | ) |  | 9,185 |  |  | (6,675 | ) |  | (11 | ) |  | (3,278 | )
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 1,617 |  |  | 1,761 |  |  | 109 |  |  | — |  |  | 3,487 |
Interest expense | (13,007 | ) |  | (790 | ) |  | (77 | ) |  | — |  |  | (13,874 | )
Loss on sale of investments | (569 | ) |  | — |  |  | — |  |  | — |  |  | (569 | )
Foreign currency gains (losses), net | (40 | ) |  | 81 |  |  | (513 | ) |  | — |  |  | (472 | )
Loss on debt extinguishment | (13 | ) |  | — |  |  | — |  |  | — |  |  | (13 | )
Other, net | (20 | ) |  | 1,010 |  |  | (1,018 | ) |  | — |  |  | (28 | )
Total other income (expense) | (12,032 | ) |  | 2,062 |  |  | (1,499 | ) |  | — |  |  | (11,469 | )
Income (loss) before income taxes and equity earnings | (17,809 | ) |  | 11,247 |  |  | (8,174 | ) |  | (11 | ) |  | (14,747 | )
Income tax expense (benefit) | 2,964 |  |  | (3,357 | ) |  | (338 | ) |  | — |  |  | (731 | )
Income (loss) before equity earnings | (20,773 | ) |  | 14,604 |  |  | (7,836 | ) |  | (11 | ) |  | (14,016 | )
Equity in earnings (losses) of subsidiaries | 17,191 |  |  | 9,935 |  |  | — |  |  | (17,191 | ) |  | 9,935 |
Net income (loss) | (3,582 | ) |  | 24,539 |  |  | (7,836 | ) |  | (17,202 | ) |  | (4,081 | )
Net loss attributable to non-controlling interest in subsidiary | — |  |  | — |  |  | 488 |  |  | — |  |  | 488 |
Net income (loss) attributable to Era Group Inc. | $ | (3,582 | ) |  | $ | 24,539 |  |  | $ | (7,348 | ) |  | $ | (17,202 | ) |  | $ | (3,593 | )
Supplemental Condensed Consolidating Statements of Operations for the Year Ended December 31, 2018
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Revenues | $ | — |  |  | $ | 194,932 |  |  | $ | 55,625 |  |  | $ | (28,881 | ) |  | $ | 221,676 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Operating | — |  |  | 122,490 |  |  | 57,947 |  |  | (28,914 | ) |  | 151,523 |
Administrative and general | 15,017 |  |  | 25,597 |  |  | 4,512 |  |  | — |  |  | 45,126 |
Depreciation | — |  |  | 38,553 |  |  | 988 |  |  | — |  |  | 39,541 |
Total costs and expenses | 15,017 |  |  | 186,640 |  |  | 63,447 |  |  | (28,914 | ) |  | 236,190 |
Gains on asset dispositions, net | — |  |  | 1,618 |  |  | (43 | ) |  | — |  |  | 1,575 |
Litigation settlement proceeds | 42,000 |  |  | — |  |  | — |  |  | — |  |  | 42,000 |
Loss on impairment | — |  |  | (991 | ) |  | — |  |  | — |  |  | (991 | )
Operating income (loss) | 26,983 |  |  | 8,919 |  |  | (7,865 | ) |  | 33 |  |  | 28,070 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 395 |  |  | 1,371 |  |  | 276 |  |  | — |  |  | 2,042 |
Interest expense | (14,149 | ) |  | (802 | ) |  | (180 | ) |  | — |  |  | (15,131 | )
Foreign currency gains, net | (95 | ) |  | (178 | ) |  | (745 | ) |  | — |  |  | (1,018 | )
Gain on debt extinguishment | — |  |  | — |  |  | 175 |  |  | — |  |  | 175 |
Other, net | — |  |  | 34 |  |  | 20 |  |  | — |  |  | 54 |
Total other income (expense) | (13,849 | ) |  | 425 |  |  | (454 | ) |  | — |  |  | (13,878 | )
Income (loss) before income taxes and equity earnings | 13,134 |  |  | 9,344 |  |  | (8,319 | ) |  | 33 |  |  | 14,192 |
Income tax expense (benefit) | 10,845 |  |  | (7,900 | ) |  | (5 | ) |  | — |  |  | 2,940 |
Income (loss) before equity earnings | 2,289 |  |  | 17,244 |  |  | (8,314 | ) |  | 33 |  |  | 11,252 |
Equity in earnings (losses) of subsidiaries | 11,601 |  |  | 2,206 |  |  | — |  |  | (11,601 | ) |  | 2,206 |
Net income (loss) | 13,890 |  |  | 19,450 |  |  | (8,314 | ) |  | (11,568 | ) |  | 13,458 |
Net loss attributable to non-controlling interest in subsidiary | — |  |  | — |  |  | 464 |  |  | — |  |  | 464 |
Net income (loss) attributable to Era Group Inc. | $ | 13,890 |  |  | $ | 19,450 |  |  | $ | (7,850 | ) |  | $ | (11,568 | ) |  | $ | 13,922 |
Supplemental Condensed Consolidating Statements of Operations for the Year Ended December 31, 2017
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Revenues | $ | — |  |  | $ | 201,653 |  |  | $ | 60,466 |  |  | $ | (30,798 | ) |  | $ | 231,321 |
Costs and expenses: |  |  |  |  |  |  |  |  |
Operating | — |  |  | 133,077 |  |  | 65,167 |  |  | (30,798 | ) |  | 167,446 |
Administrative and general | 7,887 |  |  | 28,451 |  |  | 5,754 |  |  | — |  |  | 42,092 |
Depreciation | — |  |  | 44,756 |  |  | 980 |  |  | — |  |  | 45,736 |
Total costs and expenses | 7,887 |  |  | 206,284 |  |  | 71,901 |  |  | (30,798 | ) |  | 255,274 |
Gains on asset dispositions, net | — |  |  | 4,364 |  |  | 143 |  |  | — |  |  | 4,507 |
Loss on impairment | — |  |  | (116,586 | ) |  | (432 | ) |  | — |  |  | (117,018 | )
Operating loss | (7,887 | ) |  | (116,853 | ) |  | (11,724 | ) |  | — |  |  | (136,464 | )
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 108 |  |  | 419 |  |  | 233 |  |  | — |  |  | 760 |
Interest expense | (14,495 | ) |  | (800 | ) |  | (1,468 | ) |  | — |  |  | (16,763 | )
Foreign currency gains, net | 256 |  |  | 330 |  |  | (812 | ) |  | — |  |  | (226 | )
Other, net | — |  |  | 143 |  |  | (155 | ) |  | — |  |  | (12 | )
Total other income (expense) | (14,131 | ) |  | 92 |  |  | (2,202 | ) |  | — |  |  | (16,241 | )
Income (loss) before income taxes and equity earnings | (22,018 | ) |  | (116,761 | ) |  | (13,926 | ) |  | — |  |  | (152,705 | )
Income tax expense (benefit) | (7,338 | ) |  | (112,295 | ) |  | (3,032 | ) |  | — |  |  | (122,665 | )
Income (loss) before equity earnings | (14,680 | ) |  | (4,466 | ) |  | (10,894 | ) |  | — |  |  | (30,040 | )
Equity earnings, net of tax | — |  |  | 1,425 |  |  | — |  |  | — |  |  | 1,425 |
Equity in earnings (losses) of subsidiaries | (13,481 | ) |  | — |  |  | — |  |  | 13,481 |  |  | — |
Net income (loss) | (28,161 | ) |  | (3,041 | ) |  | (10,894 | ) |  | 13,481 |  |  | (28,615 | )
Net income attributable to non-controlling interest in subsidiary | — |  |  | — |  |  | 454 |  |  | — |  |  | 454 |
Net income (loss) attributable to Era Group Inc. | $ | (28,161 | ) |  | $ | (3,041 | ) |  | $ | (10,440 | ) |  | $ | 13,481 |  |  | $ | (28,161 | )
Condensed Consolidating Statements of Comprehensive Income | Supplemental Condensed Consolidating Statements of Comprehensive Income for the Year Ended December 31, 2019
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Net income (loss) | $ | (3,582 | ) |  | $ | 24,539 |  |  | $ | (7,836 | ) |  | $ | (17,202 | ) |  | $ | (4,081 | )
Comprehensive income (loss) | (3,582 | ) |  | 24,539 |  |  | (7,836 | ) |  | (17,202 | ) |  | (4,081 | )
Comprehensive loss attributable to non-controlling interest in subsidiary | — |  |  | — |  |  | 488 |  |  | — |  |  | 488 |
Comprehensive income (loss) attributable to Era Group Inc. | $ | (3,582 | ) |  | $ | 24,539 |  |  | $ | (7,348 | ) |  | $ | (17,202 | ) |  | $ | (3,593 | )
Supplemental Condensed Consolidating Statements of Comprehensive Income for the Year Ended December 31, 2018
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Net income (loss) | $ | 13,890 |  |  | $ | 19,450 |  |  | $ | (8,314 | ) |  | $ | (11,568 | ) |  | $ | 13,458 |
Comprehensive income (loss) | 13,890 |  |  | 19,450 |  |  | (8,314 | ) |  | (11,568 | ) |  | 13,458 |
Comprehensive loss attributable to non-controlling interest in subsidiary | — |  |  | — |  |  | 464 |  |  | — |  |  | 464 |
Comprehensive income (loss) attributable to Era Group Inc. | $ | 13,890 |  |  | $ | 19,450 |  |  | $ | (7,850 | ) |  | $ | (11,568 | ) |  | $ | 13,922 |
Supplemental Condensed Consolidating Statements of Comprehensive Income for the Year Ended December 31, 2017
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Net income (loss) | $ | (28,161 | ) |  | $ | (3,041 | ) |  | $ | (10,894 | ) |  | $ | 13,481 |  |  | $ | (28,615 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | — |  |  | 18 |  |  | — |  |  | — |  |  | 18 |
Total other comprehensive income (loss) | — |  |  | 18 |  |  | — |  |  | — |  |  | 18 |
Comprehensive income (loss) | (28,161 | ) |  | (3,023 | ) |  | (10,894 | ) |  | 13,481 |  |  | (28,597 | )
Comprehensive loss attributable to non-controlling interest in subsidiary | — |  |  | — |  |  | 454 |  |  | — |  |  | 454 |
Comprehensive income (loss) attributable to Era Group Inc. | $ | (28,161 | ) |  | $ | (3,023 | ) |  | $ | (10,440 | ) |  | $ | 13,481 |  |  | $ | (28,143 | )
Condensed Consolidating Statements of Cash Flows | Supplemental Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2019
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Net cash provided by (used in) operating activities | $ | 75,592 |  |  | $ | (48,747 | ) |  | $ | 706 |  |  | $ | — |  |  | $ | 27,551 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchases of property and equipment | — |  |  | (6,413 | ) |  | (145 | ) |  | — |  |  | (6,558 | )
Proceeds from disposition of property and equipment | — |  |  | 13,252 |  |  | — |  |  | — |  |  | 13,252 |
Purchase of investments | (5,000 | ) |  | — |  |  | — |  |  | — |  |  | (5,000 | )
Proceeds from sale of investments | 4,430 |  |  | — |  |  | — |  |  | — |  |  | 4,430 |
Proceeds from sale of equity investees | — |  |  | 34,712 |  |  | — |  |  | — |  |  | 34,712 |
Principal payments on notes due from equity investees | — |  |  | 2,334 |  |  | — |  |  | — |  |  | 2,334 |
Principal payments on third party notes receivable | — |  |  | 5,447 |  |  | — |  |  | — |  |  | 5,447 |
Net cash provided by (used in) investing activities | (570 | ) |  | 49,332 |  |  | (145 | ) |  | — |  |  | 48,617 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Payments on long-term debt | — |  |  | (1,662 | ) |  | (393 | ) |  | — |  |  | (2,055 | )
Extinguishment of long-term debt | (740 | ) |  | — |  |  | — |  |  | — |  |  | (740 | )
Proceeds from share award plans | — |  |  | — |  |  | — |  |  | 1,077 |  |  | 1,077 |
Purchase of treasury shares | (7,707 | ) |  | — |  |  | — |  |  | — |  |  | (7,707 | )
Borrowings and repayments of intercompany debt | — |  |  | 1,077 |  |  | — |  |  | (1,077 | ) |  | — |
Net cash used in financing activities | (8,447 | ) |  | (585 | ) |  | (393 | ) |  | — |  |  | (9,425 | )
Effects of exchange rate changes on cash, cash equivalents and restricted cash | — |  |  | — |  |  | (130 | ) |  | — |  |  | (130 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | 66,575 |  |  | — |  |  | 38 |  |  | — |  |  | 66,613 |
Cash, cash equivalents and restricted cash, beginning of year | 48,396 |  |  | — |  |  | 2,357 |  |  | — |  |  | 50,753 |
Cash, cash equivalents and restricted cash, end of year | $ | 114,971 |  |  | $ | — |  |  | $ | 2,395 |  |  | $ | — |  |  | $ | 117,366 |
Supplemental Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2018
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Net cash provided by operating activities | $ | 37,596 |  |  | $ | 14,639 |  |  | $ | 2,119 |  |  | $ | — |  |  | $ | 54,354 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchases of property and equipment | — |  |  | (8,867 | ) |  | (349 | ) |  | — |  |  | (9,216 | )
Proceeds from disposition of property and equipment | — |  |  | 29,590 |  |  | — |  |  | — |  |  | 29,590 |
Dividends received from equity investees | — |  |  | 1,000 |  |  | — |  |  | — |  |  | 1,000 |
Principal payments on notes due from equity investees | — |  |  | 518 |  |  | — |  |  | — |  |  | 518 |
Principal payments on third party notes receivable | — |  |  | 934 |  |  | — |  |  | — |  |  | 934 |
Net cash provided by (used in) investing activities | — |  |  | 23,175 |  |  | (349 | ) |  | — |  |  | 22,826 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Long-term debt issuance costs | — |  |  | — |  |  | — |  |  | (1,295 | ) |  | (1,295 | )
Payments on long-term debt | — |  |  | (1,662 | ) |  | (1,224 | ) |  | (39,000 | ) |  | (41,886 | )
Proceeds from share award plans | — |  |  | — |  |  | — |  |  | 893 |  |  | 893 |
Extinguishment of long-term debt | — |  |  | — |  |  | (1,221 | ) |  | — |  |  | (1,221 | )
Borrowings and repayments of intercompany debt | — |  |  | (39,402 | ) |  | — |  |  | 39,402 |  |  | — |
Net cash used in financing activities | — |  |  | (41,064 | ) |  | (2,445 | ) |  | — |  |  | (43,509 | )
Effects of exchange rate changes on cash, cash equivalents and restricted cash | — |  |  | — |  |  | 249 |  |  | — |  |  | 249 |
Net increase (decrease) in cash, cash equivalents and restricted cash | 37,596 |  |  | (3,250 | ) |  | (426 | ) |  | — |  |  | 33,920 |
Cash, cash equivalents and restricted cash, beginning of year | 10,800 |  |  | 3,250 |  |  | 2,783 |  |  | — |  |  | 16,833 |
Cash, cash equivalents and restricted cash, end of year | $ | 48,396 |  |  | $ | — |  |  | $ | 2,357 |  |  | $ | — |  |  | $ | 50,753 |
Supplemental Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2017
| Parent |  | Guarantors |  | Non-guarantors |  | Eliminations |  | Consolidated
| (in thousands)
Net cash provided by (used in) operating activities | $ | (14,706 | ) |  | $ | 32,601 |  |  | $ | 2,201 |  |  | $ | — |  |  | $ | 20,096 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchases of property and equipment | — |  |  | (16,600 | ) |  | (170 | ) |  | — |  |  | (16,770 | )
Proceeds from disposition of property and equipment | — |  |  | 9,392 |  |  | — |  |  | — |  |  | 9,392 |
Principal payments on notes due from equity investees | — |  |  | 761 |  |  | — |  |  | — |  |  | 761 |
Investments in and advances to equity investees | — |  |  | (126 | ) |  | — |  |  | — |  |  | (126 | )
Principal payments on third party notes receivable | — |  |  | 169 |  |  | — |  |  | — |  |  | 169 |
Escrow deposits on like-kind exchanges, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in investing activities | — |  |  | (6,404 | ) |  | (170 | ) |  | — |  |  | (6,574 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from Revolving Credit Facility | — |  |  | 8,000 |  |  | — |  |  | 9,000 |  |  | 17,000 |
Payments on long-term debt | — |  |  | (1,526 | ) |  | (755 | ) |  | (43,000 | ) |  | (45,281 | )
Proceeds from share award plans | — |  |  | — |  |  | — |  |  | 836 |  |  | 836 |
Purchase of treasury shares | — |  |  | — |  |  | — |  |  | (52 | ) |  | (52 | )
Borrowings and repayments of intercompany debt | — |  |  | (33,216 | ) |  | — |  |  | 33,216 |  |  | — |
Net cash used in financing activities | — |  |  | (26,742 | ) |  | (755 | ) |  | — |  |  | (27,497 | )
Effects of exchange rate changes on cash, cash equivalents and restricted cash | 32 |  |  | 18 |  |  | 31 |  |  | — |  |  | 81 |
Net increase (decrease) in cash, cash equivalents and restricted cash | (14,674 | ) |  | (527 | ) |  | 1,307 |  |  | — |  |  | (13,894 | )
Cash, cash equivalents and restricted cash, beginning of year | 25,474 |  |  | 3,777 |  |  | 1,476 |  |  | — |  |  | 30,727 |
Cash, cash equivalents and restricted cash, end of year | $ | 10,800 |  |  | $ | 3,250 |  |  | $ | 2,783 |  |  | $ | — |  |  | $ | 16,833 |

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