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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES $ 176,549 $ 148,353 $ 353,934 $ 295,378
OPERATING EXPENSES        
Salaries, wages and benefits 53,647 42,036 106,066 85,715
Fuel 17,168 12,275 33,799 23,053
Maintenance, materials and repairs 26,390 23,993 53,733 46,686
Depreciation and amortization 33,132 31,400 65,666 60,393
Travel 4,678 4,342 9,486 8,765
Contracted ground and aviation services 8,931 3,599 19,799 6,537
Rent 2,579 2,447 5,206 6,654
Landing and ramp 2,652 2,166 6,303 4,874
Insurance 1,087 546 2,236 1,804
Other operating expenses 10,484 5,755 20,488 13,574
Operating Expenses 160,748 128,559 322,782 258,055
OPERATING INCOME 15,801 19,794 31,152 37,323
OTHER INCOME (EXPENSE)        
Interest income 37 24 61 46
Net gain on financial instruments 5,558 264 5,030 251
Interest expense (2,633) (2,839) (5,332) (5,904)
Other Nonoperating Income (Expense) 2,962 (2,551) (241) (5,607)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 18,763 17,243 30,911 31,716
INCOME TAX EXPENSE (7,235) (6,673) (11,212) (12,251)
EARNINGS FROM CONTINUING OPERATIONS 11,528 10,570 19,699 19,465
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 47 214 94 428
NET EARNINGS $ 11,575 $ 10,784 $ 19,793 $ 19,893
BASIC EARNINGS PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ 0.18 $ 0.16 $ 0.31 $ 0.30
Discontinued operations (in dollars per share) 0.00 0.01 0.00 0.01
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.18 0.17 0.31 0.31
DILUTED EARNINGS PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) 0.12 0.16 0.25 0.30
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.12 $ 0.16 $ 0.25 $ 0.30
WEIGHTED AVERAGE SHARES        
Basic (in shares) 63,267 64,541 63,452 64,498
Diluted (in shares) 66,763 65,471 65,910 65,404