Nature of Operations and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2011

Nature of Operations and Summary of Significant Accounting Policies

Schedule of details of aircraft and agreements with other airlines

	CRJ 200		ERJ 145		CRJ700		CRJ 900		EMB 120		Total
Delta		160		—		67		31		10		268
United		96		36		70		—		35		237
Continental		—		206		—		—		—		206
Alaska		—		—		5		—		—		5
US Airways		2		—		—		—		—		2
Maintenance Spare		8		—		—		—		—		8
Subleased to an un-affiliated entity		2		—		—		—		—		2
Subleased to an affiliated entity		—		—		—		4		—		4
Total		268		242		142		35		45		732

Schedule of entity's position in marketable securities

	2011				2010
Investment Types	Cost		Market Value		Cost			Market Value
Commercial paper		4,555	$	4,557	$	5,002		$	4,998
Bond and bond funds		496,170		496,310		669,786			669,025
Asset backed securities		456		478		692			718
		501,181		501,345		675,480			674,741
Unrealized appreciation (depreciation)		164		—		(739	)		—
Total		501,345		501,345		674,741			674,741

Schedule of maturities of marketable securities

Maturities	Amount
Year 2012	$	202,454
Years 2013 through 2016		239,193
Years 2017 through 2021		1,509
Thereafter		58,189

Schedule of property and equipment

Assets	Depreciable Life	Residual Value
Aircraft and rotable spares	10 - 18 years		0 - 30	%
Ground equipment	5 - 10 years		0	%
Office equipment	5 - 7 years		0	%
Leasehold improvements	15 years or life of the lease		0	%
Buildings	20 - 39.5 years		0	%

Schedule of net income per common share

	Year Ended December 31,
	2011			2010		2009
Numerator:
Net Income (Loss)	$	(27,335	)	$	96,350	$	83,658
Denominator:
Denominator for basic earnings per-share weighted average shares		52,201			55,610		55,854
Dilution due to stock options and restricted stock		—			916		960
Denominator for diluted earnings per-share weighted average shares		52,201			56,526		56,814
Basic earnings (loss) per-share	$	(0.52	)	$	1.73	$	1.50
Diluted earnings (loss) per-share	$	(0.52	)	$	1.70	$	1.47

Schedule of comprehensive income

	Year Ended December 31,
	2011			2010			2009
Net Income (Loss)	$	(27,335	)	$	96,350		$	83,658
Proportionate share of other companies foreign currency translation adjustment, net of tax		(295	)		637			972
Unrealized appreciation (depreciation) on marketable securities, net of tax		534			(745	)		3,774
Comprehensive income (loss)	$	(27,096	)	$	96,242		$	88,404