Nature of Operations and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Nature of Operations and Summary of Significant Accounting Policies

Schedule of details of aircraft and agreements with other airlines

	CRJ200		ERJ145		ERJ135		CRJ700		CRJ900		EMB120		Total
United		92		242		7		70		—		34		445
Delta		147		—		—		60		46		8		261
US Airways		15		—		—		—		—		—		15
American		12		—		—		—		—		—		12
Alaska		—		—		—		5		—		—		5
Subleased to an un-affiliated entity		2		—		—		—		—		—		2
Subleased to an affiliated entity		—		—		—		—		4		—		4
Total		268		242		7		135		50		42		744

Schedule of entity's position in marketable securities

The Company's position in marketable securities as of December 31, 2012 and 2011 was as follows (in thousands):

	2012				2011
Investment Types	Cost		Market Value		Cost		Market Value
Commercial paper	$	3,510	$	3,514	$	4,555	$	4,557
Bond and bond funds		555,603		556,133		496,170		496,310
Asset backed securities		296		314		456		478
		559,409		559,961		501,181		501,345
Unrealized appreciation		552		—		164		—
Total	$	559,961	$	559,961	$	501,345	$	501,345

Schedule of maturities of marketable securities

Marketable securities had the following maturities as of December 31, 2012 (in thousands):

Maturities	Amount
Year 2013	$	327,942
Years 2014 through 2017		160,116
Years 2018 through 2022		4,060
Thereafter		67,843

Schedule of property and equipment

Assets	Depreciable Life	Residual Value
Aircraft and rotable spares	10 - 18 years		0 - 30	%
Ground equipment	5 - 10 years		0	%
Office equipment	5 - 7 years		0	%
Leasehold improvements	15 years or life of the lease		0	%
Buildings	20 - 39.5 years		0	%

Schedule of net income (loss) per common share

The calculation of the weighted average number of common shares outstanding for Basic EPS and Diluted EPS are as follows for the years ended December 31, 2012, 2011and 2010 (in thousands):

	Year Ended December 31,
	2012		2011			2010
Numerator:
Net Income (Loss)	$	51,157	$	(27,335	)	$	96,350
Denominator:
Denominator for basic earnings per-share weighted average shares		51,090		52,201			55,610
Dilution due to stock options and restricted stock		656		—			916
Denominator for diluted earnings per-share weighted average shares		51,746		52,201			56,526
Basic earnings (loss) per-share	$	1.00	$	(0.52	)	$	1.73
Diluted earnings (loss) per-share	$	0.99	$	(0.52	)	$	1.70

Schedule of comprehensive income (loss)

Comprehensive income (loss) includes charges and credits to stockholders' equity that are not the result of transactions with the Company's shareholders. Also, comprehensive income (loss) consisted of net income (loss) plus changes in unrealized appreciation (depreciation) on marketable securities and unrealized gain (loss) on foreign currency translation adjustment related to the Company's equity investment in Trip Linhas Aereas, a regional airline operating in Brazil ("Trip") and Mekong Aviation Joint Stock Company, an airline operating in Vietnam ("Air Mekong") (see note 8), net of tax, for the periods indicated (in thousands):

	Year Ended December 31,
	2012			2011			2010
Net Income (Loss)		51,157		$	(27,335	)	$	96,350
Proportionate share of other companies foreign currency translation adjustment, net of tax		(251	)		(295	)		637
Unrealized appreciation (depreciation) on marketable securities, net of tax		316			534			(745	)
Comprehensive income (loss)	$	51,222		$	(27,096	)	$	96,242