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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES $ 193,261 $ 142,305 $ 547,195 $ 437,683
OPERATING EXPENSES        
Salaries, wages and benefits 59,405 41,624 165,471 127,339
Fuel 24,372 12,029 58,171 35,082
Maintenance, materials and repairs 27,356 24,655 81,089 71,341
Depreciation and amortization 33,939 30,754 99,605 91,147
Travel 5,440 3,989 14,926 12,754
Contracted ground and aviation services 12,865 3,640 32,664 10,177
Rent 3,309 2,246 8,515 8,900
Landing and ramp 3,220 2,108 9,523 6,982
Insurance 1,099 832 3,335 2,636
Other operating expenses 7,800 7,511 28,288 21,085
Operating Expenses 178,805 129,388 501,587 387,443
OPERATING INCOME 14,456 12,917 45,608 50,240
OTHER INCOME (EXPENSE)        
Interest income 37 18 98 64
Net gain (loss) on financial instruments (8,473) 96 (3,443) 347
Interest expense (2,897) (2,684) (8,229) (8,588)
Other Nonoperating Income (Expense) (11,333) (2,570) (11,574) (8,177)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 3,123 10,347 34,034 42,063
INCOME TAX EXPENSE (1,007) (4,000) (12,219) (16,251)
EARNINGS FROM CONTINUING OPERATIONS 2,116 6,347 21,815 25,812
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 47 214 141 642
NET EARNINGS $ 2,163 $ 6,561 $ 21,956 $ 26,454
BASIC EARNINGS PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ 0.04 $ 0.10 $ 0.35 $ 0.40
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.01
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.04 0.10 0.35 0.41
DILUTED EARNINGS PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) 0.04 0.10 0.34 0.40
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.04 $ 0.10 $ 0.34 $ 0.40
WEIGHTED AVERAGE SHARES        
Basic (in shares) 59,379 64,239 62,084 64,411
Diluted (in shares) 60,283 65,171 64,024 65,341