XML 58 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Long-term Debt (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
aircraft
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Debt Instrument [Line Items]      
Total long-term debt $ 2,712,350 $ 2,570,904  
Current portion of long-term debt (313,243) (308,945)  
Less long-term portion of unamortized debt issue cost, net (21,761) (21,908)  
Long-term debt, net of current maturities and debt issue costs 2,377,346 2,240,051  
Current portion of long-term debt 313,243 308,945  
Less current portion of unamortized debt issue cost, net (3,565) (3,485)  
Current portion of long-term debt, net of debt issue costs $ 309,678 $ 305,460  
Effective interest rate (as a percent) 3.90% 3.80%  
Aggregate amounts of principal maturities of long-term debt      
2018 $ 313,243    
2019 315,753    
2020 284,998    
2021 272,470    
2022 280,360    
Thereafter 1,245,526    
Repayment of debt in cash   $ 16,500 $ 110,800
Total repayment of debt   18,400 145,400
Pre-tax gain   1,279 $ 33,660
Letters of credit 14,800 6,500  
Current borrowing capacity 60,200 68,500  
Letters of credit and surety bonds outstanding with various banks and surety institutions $ 87,400 87,700  
E 175      
Debt Instrument [Line Items]      
Number of new aircraft acquired | aircraft 21    
Purchase price portion financed through debt issuance (as a percent) 85.00%    
Purchase price portion paid with cash (as a percent) 15.00%    
Notes payable to banks, due in semi-annual installments, variable interest based on LIBOR, or with interest rates ranging from 2.91% to 3.43% through 2020, secured by aircraft      
Debt Instrument [Line Items]      
Total long-term debt $ 34,905 63,408  
Notes payable to banks, due in semi-annual installments, variable interest based on LIBOR, or with interest rates ranging from 2.91% to 3.43% through 2020, secured by aircraft | Minimum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 2.91%    
Notes payable to banks, due in semi-annual installments, variable interest based on LIBOR, or with interest rates ranging from 2.91% to 3.43% through 2020, secured by aircraft | Maximum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 3.43%    
Notes payable to a financing company, due in semi-annual installments, variable interest based on LIBOR, or with interest rates ranging from 2.85% to 3.25% through 2021, secured by aircraft      
Debt Instrument [Line Items]      
Total long-term debt $ 97,612 146,266  
Notes payable to a financing company, due in semi-annual installments, variable interest based on LIBOR, or with interest rates ranging from 2.85% to 3.25% through 2021, secured by aircraft | Minimum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 2.85%    
Notes payable to a financing company, due in semi-annual installments, variable interest based on LIBOR, or with interest rates ranging from 2.85% to 3.25% through 2021, secured by aircraft | Maximum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 3.25%    
Notes payable to banks, due in semi-annual installments plus interest at 6.06% to 6.51% through 2021, secured by aircraft      
Debt Instrument [Line Items]      
Total long-term debt $ 63,090 86,052  
Notes payable to banks, due in semi-annual installments plus interest at 6.06% to 6.51% through 2021, secured by aircraft | Minimum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 6.06%    
Notes payable to banks, due in semi-annual installments plus interest at 6.06% to 6.51% through 2021, secured by aircraft | Maximum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 6.51%    
Notes payable to a financing company, due in semi-annual installments plus interest at 5.78% to 6.23% through 2017, secured by aircraft      
Debt Instrument [Line Items]      
Total long-term debt   8,854  
Notes payable to a financing company, due in semi-annual installments plus interest at 5.78% to 6.23% through 2017, secured by aircraft | Minimum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 5.78%    
Notes payable to a financing company, due in semi-annual installments plus interest at 5.78% to 6.23% through 2017, secured by aircraft | Maximum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 6.23%    
Notes payable to banks, due in monthly installments plus interest of 2.68% to 6.86% through 2025, secured by aircraft      
Debt Instrument [Line Items]      
Total long-term debt $ 372,157 426,389  
Notes payable to banks, due in monthly installments plus interest of 2.68% to 6.86% through 2025, secured by aircraft | Minimum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 2.68%    
Notes payable to banks, due in monthly installments plus interest of 2.68% to 6.86% through 2025, secured by aircraft | Maximum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 6.86%    
Notes payable to banks, due in monthly installments, plus interest at 4.16% to 6.05% through 2029, secured by aircraft      
Debt Instrument [Line Items]      
Total long-term debt $ 49,001 8,998  
Notes payable to banks, due in monthly installments, plus interest at 4.16% to 6.05% through 2029, secured by aircraft | Minimum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 4.16%    
Notes payable to banks, due in monthly installments, plus interest at 4.16% to 6.05% through 2029, secured by aircraft | Maximum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 6.05%    
Notes payable to banks, due in monthly installments, plus interest at 3.44% through 2019, secured by aircraft      
Debt Instrument [Line Items]      
Interest rate (as a percent) 3.44%    
Total long-term debt   3,280  
Notes payable to banks, due in quarterly installments plus interest at 3.39% to 4.73% through 2029, secured by aircraft      
Debt Instrument [Line Items]      
Total long-term debt $ 2,085,822 1,806,981  
Notes payable to banks, due in quarterly installments plus interest at 3.39% to 4.73% through 2029, secured by aircraft | Minimum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 3.39%    
Notes payable to banks, due in quarterly installments plus interest at 3.39% to 4.73% through 2029, secured by aircraft | Maximum      
Debt Instrument [Line Items]      
Interest rate (as a percent) 4.73%    
Notes payable to banks, due in monthly installments, plus interest based on LIBOR at 3.54% through 2017, secured by aircraft      
Debt Instrument [Line Items]      
Interest rate (as a percent) 3.54%    
Total long-term debt   4,666  
Notes payable to banks due in monthly installments, interest based on LIBOR interest at 3.30% through 2019, secured by spare engines      
Debt Instrument [Line Items]      
Interest rate (as a percent) 3.30%    
Total long-term debt $ 9,763 16,010  
Line of credit      
Debt Instrument [Line Items]      
Effective interest rate (as a percent) 4.10%    
Aggregate amounts of principal maturities of long-term debt      
Maximum borrowing capacity $ 75,000 75,000  
Amount outstanding $ 0 $ 0  
LIBOR | Line of credit      
Debt Instrument [Line Items]      
Basis spread on variable rate 2.50%