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Debt, Related-Party Transactions and Other Obligations
12 Months Ended
Dec. 31, 2013
Debt and Related Party Transactions Disclosure [Abstract]  
Debt, Related-Party Transactions and Other Obligations
Debt, Related-Party Transactions and Other Obligations
In connection with the closing of the IPO, the Company consummated the transaction contemplated by the Recapitalization Agreement on June 1, 2011, which resulted in the repayment or exchange for common stock of all of the Company’s notes and preferred stock. The Company’s principal stockholders provided certain consulting services to the Company for a management fee of $0.3 million in 2011. In connection with the IPO, the management fee agreement with the Company's principal stockholders was terminated. See Note 18.
As of December 31, 2013 and 2012, there was no outstanding long term debt or outstanding amounts due to related parties. During the fourth quarter of 2013, the Company executed an agreement for the lease of two quick engine change kits (QEC kit), classified as capital leases. Aggregate annual principal maturities of capital leases as of December 31, 2013, were $1.0 million in 2014, $1.1 million in 2015, $1.0 million in 2016, $0.0 million in 2017 and $0.0 million in 2018 and $0.0 million in 2019 and beyond. As of December 31, 2012, the Company had no outstanding amounts related to capital leases.
The Company had a line of credit for $18.6 million and $18.6 million related to corporate credit cards, of which the Company had drawn $3.7 million and $3.2 million as of December 31, 2013 and 2012, respectively, which is included in accounts payable.
As of December 31, 2013, the Company had lines of credit with counterparties for both physical fuel delivery and jet fuel derivatives in the amount of $34.5 million. As of December 31, 2013, the Company had drawn $13.8 million on these lines of credit, which is included in other current liabilities. As of December 31, 2012, the Company had lines of credit with counterparties for both physical fuel delivery and jet fuel derivatives in the amount $18.0 million. As of December 31, 2012, the Company had drawn $11.2 million on these lines of credit, which is included in other current liabilities. The Company is required to post collateral for any excess above the lines of credit if the derivatives are in a net liability position and make periodic payments in order to maintain an adequate undrawn portion for physical fuel delivery.