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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Common stock repurchase $ (2,595) $ 0
OPERATING ACTIVITIES:    
Net earnings from continuing operations 19,465 15,820
Net loss from discontinued operations 428 422
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 60,393 52,121
Reclassification of pension and post-retirement balance 3,460 (1,585)
Deferred income taxes 11,940 9,047
Amortization of stock-based compensation 1,645 1,286
Amortization of DHL promissory note (1,550) (3,100)
Net gain on derivative instruments (251) (330)
Changes in assets and liabilities:    
Accounts receivable 6,977 (4,619)
Inventory and prepaid supplies 1,082 (3,713)
Accounts payable 2,738 (976)
Unearned revenue 2,354 (2,334)
Accrued expenses, salaries, wages, benefits and other liabilities (5,963) 96
Pension and post-retirement (5,948) (4,660)
Other (184) (2,041)
NET CASH PROVIDED BY OPERATING ACTIVITIES 96,586 55,434
INVESTING ACTIVITIES:    
Capital expenditures (76,308) (23,508)
Proceeds from property and equipment 1,030 1,404
Investment in nonconsolidated affiliate 0 (15,000)
NET CASH (USED IN) INVESTING ACTIVITIES (75,278) (37,104)
FINANCING ACTIVITIES:    
Principal payments on long term obligations (47,091) (44,285)
Proceeds from borrowings 20,000 15,000
Funding for hangar construction 0 3,019
NET CASH (USED IN) FINANCING ACTIVITIES (29,686) (26,266)
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (8,378) (7,936)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 30,560 31,699
CASH AND CASH EQUIVALENTS AT END OF PERIOD 22,182 23,763
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of amount capitalized 5,646 7,118
Federal alternative minimum and state income taxes paid 501 565
SUPPLEMENTAL NON-CASH INFORMATION:    
Debt extinguished 1,550 3,100
Accrued capital expenditures $ 3,618 $ 1,184