Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

8. Commitments and Contingencies

Legal Matters

The Company is subject to certain legal actions, which it considers routine to its business activities. As of December 31, 2019, management believes, after consultation with legal counsel, that the ultimate outcome of such legal matters will not have a material adverse effect on the Company’s financial position, liquidity, or results of operations.

Standby Letters of Credit

As of December 31, 2019, the Company had ten outstanding letters of credit in the total amount of $814 to guarantee the performance of Company obligations in certain lease agreements and insurance policies. The Company’s restricted cash secures the letters of credit.

The following table sets forth our cash obligations as of December 31, 2019:

			Payment Due for Year Ending December 31, (in thousands)
	Total		2020		2021		2022		2023		2024		Thereafter
Aircraft Notes principal	$	70,000	$	—	$	7,000	$	7,000	$	7,000	$	7,000	$	42,000
Aircraft Notes interest	$	16,497	$	5,647	$	2,729	$	2,451	$	2,170	$	1,890	$	1,610
Other Loans principal	$	34,186	$	7,198	$	13,029	$	13,959	$	—	$	—	$	—
Other Loans interest	$	3,193	$	1,664	$	1,230	$	299	$	—	$	—	$	—
Operating lease obligations	$	20,061	$	7,384	$	3,975	$	3,906	$	2,722	$	1,087	$	987
Total	$	143,937	$	21,893	$	27,963	$	27,615	$	11,892	$	9,977	$	44,597

As of December 31, 2019, we had no variable rate notes in our total long-term debt.