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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 4 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2010
Jun. 30, 2011
Revenues        
Rental of flight equipment $ 74,004 $ 1,235 $ 1,235 $ 128,616
Interest and other 340 474 474 943
Total revenues 74,344 1,709 1,709 129,559
Expenses        
Interest 10,090 1,838 1,838 19,150
Amortization of deferred debt issue costs 2,336 875 875 4,664
Extinguishment of debt 3,349     3,349
Amortization of convertible debt discounts   35,798 35,798  
Interest expense 15,775 38,511 38,511 27,163
Depreciation of flight equipment 24,644 327 327 42,774
Selling, general and administrative 11,284 5,759 6,236 21,149
Stock-based compensation 11,753 2,255 2,255 22,660
Total expenses 63,456 46,852 47,329 113,746
Income (loss) before taxes 10,888 (45,143) (45,620) 15,813
Income tax (expense) benefit (3,865) 4,002 4,002 (5,614)
Net income (loss) $ 7,023 $ (41,141) $ (41,618) $ 10,199
Net income (loss)        
Basic $ 0.08 $ (2.37) $ (4.17) $ 0.13
Diluted $ 0.08 $ (2.37) $ (4.17) $ 0.13
Weighted-average shares outstanding        
Basic 91,039,329 17,394,121 9,981,375 78,287,085
Diluted 91,163,657 17,394,121 9,981,375 78,408,463