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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net (loss) earnings $ (26,680) $ 26,924 $ 32,688
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 65,743 71,618 50,848
Deferred income taxes (2,424) 12,894 16,071
(Loss) gain on asset dispositions (3,350) 339 848
Equity in (profit) loss of unconsolidated affiliate (151) 306 96
Loss on debt extinguishment     29,833
Impairment of assets 407   10,507
Inventory valuation reserves 5,179 3,231  
Other   (1,277) (96)
Changes in operating assets and liabilities:      
Accounts receivable (351) 36,579 (6,758)
Inventories of spare parts (5,064) 1,441 (2,656)
Income taxes receivable 220 466 644
Other assets (14,837) (14,998) (1,212)
Accounts payable and accrued liabilities (19,111) (3,859) (10,946)
Other long-term liabilities (142) 254 (348)
Net cash (used in) provided by operating activities (564) 133,918 119,519
Investing activities:      
Purchase of property and equipment (81,842) (57,123) (157,690)
Proceeds from asset dispositions 14,983 5,236 10,266
Purchase of short-term investments (321,453) (608,649) (465,094)
Proceeds from sale of short-term investments 316,543 505,966 363,110
Payments of deposits on aircraft (2,249) (1,273) (6,948)
Refunds of deposits on aircraft   6,010 11,506
Loan to unconsolidated affiliate (1,200)   (200)
Net cash used in investing activities (75,218) (149,833) (245,050)
Financing activities:      
Proceeds from issuance of Senior Notes due 2019     500,000
Repayment of Senior Notes due 2018     (300,000)
Premium and costs to retire debt early     (26,749)
Debt issuance costs     (6,232)
Repurchase of common stock (529) (2,448) (152)
Proceeds from line of credit 264,700 232,660 264,253
Payments on line of credit (188,200) (218,160) (300,253)
Net cash provided by (used in) financing activities 75,971 12,052 130,867
Increase (decrease) in cash 189 (3,863) 5,336
Cash, beginning of year 2,407 6,270 934
Cash, end of year 2,596 2,407 6,270
Cash paid during the period for:      
Interest 29,169 27,657 25,415
Income Taxes 2,637 5,521 9,590
Accrued payables related to purchases of property and equipment $ 29 $ 1,339 $ 192