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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
OPERATING REVENUES:        
Total operating revenues $ 805,515 $ 791,512 [1] $ 1,588,915 $ 1,538,678
OPERATING EXPENSES:        
Salaries, wages and benefits 293,677 294,795 [1] 600,396 592,462
Depreciation and amortization 82,714 71,206 [1] 160,298 141,320
Other operating expenses 69,263 62,126 [1] 137,653 124,801
Total operating expenses 678,837 684,916 [1] 1,374,062 1,355,788
OPERATING INCOME 126,678 106,596 [1] 214,853 182,890
OTHER INCOME (EXPENSE):        
Interest income 1,705 1,330 [1] 3,409 1,990
Interest expense (28,811) (27,063) [1] (55,045) (51,612)
Other income (expense), net (1,245)   2,313  
Total other expense, net (28,351) (25,733) [1] (49,323) (49,622)
INCOME BEFORE INCOME TAXES 98,327 80,863 [1] 165,530 133,268
PROVISION FOR INCOME TAXES 22,468 30,386 [1] 35,310 48,005
NET INCOME $ 75,859 $ 50,477 [1] $ 130,220 $ 85,263
BASIC EARNINGS PER SHARE (in dollars per share) $ 1.46 $ 0.98 [1] $ 2.51 $ 1.65
DILUTED EARNINGS PER SHARE (in dollars per share) $ 1.43 $ 0.95 [1] $ 2.46 $ 1.61
Weighted average common shares:        
Basic (in shares) 52,046 51,751 [1] 51,983 51,785
Diluted (in shares) 52,913 52,977 [1] 52,973 53,090
COMPREHENSIVE INCOME:        
Net income $ 75,859 $ 50,477 [1] $ 130,220 $ 85,263
Net unrealized appreciation on marketable securities, net of taxes 84 17 [1] 33 56
TOTAL COMPREHENSIVE INCOME 75,943 50,494 [1] 130,253 85,319
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 793,637 781,724 [1] 1,561,602 1,516,253
Airport customer service and other        
OPERATING REVENUES:        
Total operating revenues 11,878 9,788 [1] 27,313 22,425
Aircraft maintenance, materials and repairs        
OPERATING EXPENSES:        
Total operating expenses 139,774 152,356 [1] 281,380 284,681
Aircraft rentals        
OPERATING REVENUES:        
Total operating revenues 201,306 208,669 390,375 407,132
OPERATING EXPENSES:        
Total operating expenses 37,508 55,413 [1] 82,188 113,123
Aircraft fuel        
OPERATING EXPENSES:        
Other operating expenses   20,071   38,504
Total operating expenses 25,890 28,949 [1] 55,197 60,897
Airport related expenses        
OPERATING EXPENSES:        
Other operating expenses   28,949   60,897
Total operating expenses $ 30,011 $ 20,071 [1] $ 56,950 $ 38,504
[1] Amounts adjusted due to the adoption of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information.