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Investment in Variable Interest Entity
6 Months Ended
Jun. 30, 2019
Investment In Variable Interest Entity And Other Investments And Affiliates [Abstract]  
Investment in Variable Interest Entity

15. INVESTMENT IN VARIABLE INTEREST ENTITY

We account for our investment in PHI Century Limited ("PHIC") as a variable interest entity, which is defined as an entity that either (a) has insufficient equity to permit the entity to finance its operations without additional subordinated financial support or (b) has equity investors who lack the characteristics of a controlling financial interest.  As of June 30, 2019, we had a 49% investment in the common stock of PHIC, a Ghanaian entity. We acquired our 49% interest on May 26, 2011, PHIC’s date of incorporation. The purpose of PHIC is to provide oil and gas flight services in Ghana and the West African region. For the quarter ended June 30, 2019, we recorded income in equity of this unconsolidated affiliate of $1.0 million compared to income in equity of less than $0.1 million for the quarter ended June 30, 2018 relative to our 49% equity ownership. For the six months ended June 30, 2019 and 2018, we recorded income in equity of this unconsolidated affiliate of $2.4 million and less than $0.1 million, respectively. We had $4.1 million and $4.8 million of trade receivables from PHIC as of June 30, 2019 and December 31, 2018, respectively. In 2018, we loaned PHIC $0.4 million for operating purposes. This loan balance is included in Accounts receivable - other on our Condensed Consolidated Balance Sheets at June 30, 2019. Our investment in the common stock of PHIC is included in Other Assets on our Condensed Consolidated Balance Sheets and was $2.9 million at June 30, 2019 and $0.5 million at December 31, 2018.