Segment Reporting

3 Months Ended

Mar. 31, 2014

Segment Reporting

Segment Reporting

Note E — Segment Reporting

Generally accepted accounting principles require disclosures related to components of a company for which separate financial information is available to and regularly evaluated by the company’s chief operating decision maker (“CODM”) when deciding how to allocate resources and in assessing performance.

The Company’s two operating segments consist of the operations of its two operating subsidiaries, SkyWest Airlines and ExpressJet. The following represents the Company’s segment data for the three months ended March 31, 2014 and 2013 (in thousands).

	Three months ended March 31,2014
	SkyWest Airlines	ExpressJet		Other		Consolidated
Operating revenues	447,041	324,870		475		772,386
Operating expense	425,643	374,425		92		800,160
Depreciation and amortization expense	40,001	22,315		—		62,316
Interest expense	10,026	4,875		775		15,676
Segment profit (loss)(1)	11,372	(54,430	)	(392	)	(43,450	)
Identifiable intangible assets, other than goodwill, net	—	14,436		—		14,436
Total assets	2,535,901	1,666,126		—		4,202,027
Capital expenditures (including non-cash)	66,232	7,292		—		73,524

	Three months ended March 31,2013
	SkyWest Airlines	ExpressJet		Other		Consolidated
Operating revenues	449,345	351,748		2,394		803,487
Operating expense	414,766	371,743		1,417		787,926
Depreciation and amortization expense	38,627	22,374		—		61,001
Interest expense	11,497	5,463		1,005		17,965
Segment profit (loss) (1)	23,082	(25,458	)	(28	)	(2,404	)
Identifiable intangible assets, other than goodwill, net	—	16,685		—		16,685
Total assets	2,636,058	1,584,328		—		4,220,386
Capital expenditures (including non-cash)	22,410	7,879		—		30,289

(1)           Segment profit (loss) is equal to operating income less interest expense