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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Common stock repurchase $ (6,919) $ 0
OPERATING ACTIVITIES:    
Net earnings from continuing operations 25,812 25,415
Net earnings from discontinued operations 642 734
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 91,147 78,428
Reclassification of pension and post-retirement balance 5,190 (2,376)
Deferred income taxes 15,988 14,998
Amortization of stock-based compensation 1,968 2,108
Amortization of DHL promissory note (1,550) (4,650)
Net gain on derivative instruments (347) (969)
Changes in assets and liabilities:    
Accounts receivable 4,200 15,951
Inventory and prepaid supplies 1,089 (5,150)
Accounts payable 3,817 (5,144)
Unearned revenue 1,531 (1,683)
Accrued expenses, salaries, wages, benefits and other liabilities (1,527) 3,294
Pension and post-retirement (13,727) (11,845)
Other (213) (1,630)
NET CASH PROVIDED BY OPERATING ACTIVITIES 134,020 107,481
INVESTING ACTIVITIES:    
Capital expenditures (110,973) (90,866)
Proceeds from property and equipment 1,370 1,910
Investment in nonconsolidated affiliate 0 (15,000)
NET CASH (USED IN) INVESTING ACTIVITIES (109,603) (103,956)
FINANCING ACTIVITIES:    
Principal payments on long term obligations (53,197) (53,234)
Proceeds from borrowings 20,000 45,000
Funding for hangar construction 0 6,452
NET CASH (USED IN) FINANCING ACTIVITIES (40,116) (1,782)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (15,699) 1,743
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 30,560 31,699
CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,861 33,442
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of amount capitalized 8,219 10,266
Federal alternative minimum and state income taxes paid 871 565
SUPPLEMENTAL NON-CASH INFORMATION:    
Debt extinguished 1,550 4,650
Accrued capital expenditures $ 13,241 $ 461