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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
OPERATING REVENUES:        
Total operating revenues $ 829,275 $ 812,673 [1] $ 2,418,190 $ 2,351,351
OPERATING EXPENSES:        
Salaries, wages and benefits 301,378 304,014 [1] 901,775 896,476
Depreciation and amortization 86,088 74,095 [1] 246,386 215,415
Other operating expenses 68,859 65,432 [1] 206,511 190,235
Total operating expenses 691,350 700,304 [1] 2,065,412 2,056,092
OPERATING INCOME 137,925 112,369 [1] 352,778 295,259
OTHER INCOME (EXPENSE):        
Interest income 2,283 1,408 [1] 5,692 3,398
Interest expense (31,440) (27,101) [1] (86,485) (78,713)
Other income (expense), net 1,157   3,470  
Total other expense, net (28,000) (25,693) [1] (77,323) (75,315)
INCOME BEFORE INCOME TAXES 109,925 86,676 [1] 275,455 219,944
PROVISION FOR INCOME TAXES 26,879 32,960 [1] 62,189 80,966
NET INCOME $ 83,046 $ 53,716 [1] $ 213,266 $ 138,978
BASIC EARNINGS PER SHARE (in dollars per share) $ 1.60 $ 1.04 [1] $ 4.10 $ 2.68
DILUTED EARNINGS PER SHARE (in dollars per share) $ 1.57 $ 1.01 [1] $ 4.03 $ 2.62
Weighted average common shares:        
Basic (in shares) 52,039 51,833 [1] 52,002 51,801
Diluted (in shares) 52,981 53,080 [1] 52,976 53,087
COMPREHENSIVE INCOME:        
Net income $ 83,046 $ 53,716 [1] $ 213,266 $ 138,978
Net unrealized appreciation (depreciation) on marketable securities, net of taxes (2) 11 [1] 32 67
TOTAL COMPREHENSIVE INCOME 83,044 53,727 [1] 213,298 139,045
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 816,057 800,965 [1] 2,377,659 2,317,218
Airport customer service and other        
OPERATING REVENUES:        
Total operating revenues 13,218 11,708 [1] 40,531 34,133
Aircraft maintenance, materials and repairs        
OPERATING EXPENSES:        
Total operating expenses 142,285 148,787 [1] 423,665 433,467
Aircraft rentals        
OPERATING REVENUES:        
Total operating revenues 208,813 213,967 599,188 621,099
OPERATING EXPENSES:        
Total operating expenses 36,827 54,976 [1] 119,015 168,098
Aircraft fuel        
OPERATING EXPENSES:        
Other operating expenses   22,791   61,295
Total operating expenses 25,655 30,209 [1] 80,852 91,106
Airport related expenses        
OPERATING EXPENSES:        
Other operating expenses   30,209   91,106
Total operating expenses $ 30,258 $ 22,791 [1] $ 87,208 $ 61,295
[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.