Segment Reporting

3 Months Ended

Mar. 31, 2012

Segment Reporting

Segment Reporting

Note E — Segment Reporting

Generally accepted accounting principles require disclosures related to components of a company for which separate financial information is available to and regularly evaluated by the company’s chief operating decision maker (“CODM”) when deciding how to allocate resources and in assessing performance.

The Company’s two operating segments consist of the operations of its two operating subsidiaries, SkyWest Airlines and ExpressJet. On December 31, 2011, ExpressJet Delaware and Atlantic Southeast merged through the ExpressJet Combination. In conjunction with the ExpressJet Combination, ExpressJet became a reportable segment. Prior year amounts have been revised to conform to the current year segment presentation. Corporate overhead expense incurred by the Company is allocated to the operating expenses of its two operating subsidiaries. The following represents the Company’s segment data for the three months ended March 31, 2012 and 2011 (in thousands).

	Three months ended March 31,2012
	SkyWest Airlines	ExpressJet		Other	Consolidated
Operating revenues	494,911	423,629		2,633	921,173
Operating expense	472,906	426,552		1,258	900,716
Depreciation and amortization expense	38,783	25,532		—	64,315
Interest expense	12,562	6,045		1,173	19,780
Segment profit (loss)(1)	9,443	(8,968	)	202	677
Identifiable intangible assets, other than goodwill	—	18,935		—	18,935
Total assets	2,595,738	1,669,919		—	4,265,657
Capital expenditures (including non-cash)	15,253	3,802		—	19,055

	Three months ended March 31,2011
	SkyWest Airlines	ExpressJet		Other	Consolidated
Operating revenues	479,618	383,459		2,874	865,951
Operating expense	456,815	407,591		1,318	865,724
Depreciation and amortization expense	36,455	26,738		—	63,193
Interest expense	12,730	6,379		1,111	20,220
Segment profit (loss) (1)	10,073	(30,511	)	445	(19,993	)
Identifiable intangible assets, other than goodwill	—	21,185		—	21,185
Total assets	2,541,923	1,857,393		—	4,399,316
Capital expenditures (including non-cash)	10,299	7,319		—	17,618

(1)           Segment profit is operating income less interest expense