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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:      
Net income $ 47,580,000 $ 33,255,000 $ 32,828,000
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation and amortization 77,994,000 65,031,000 61,048,000
Stock compensation expense 5,508,000 12,929,000 1,288,000
Deferred income taxes 15,503,000 (17,874,000) 20,515,000
Amortization of unfavorable lease liabilities and deferred credits (10,839,000) (11,035,000) (10,626,000)
Amortization of debt financing costs and accretion of interest on non-interest-bearing subordinated notes 4,203,000 4,606,000 2,689,000
Loss on extinguishment of debt 3,616,000    
(Gain)/loss on disposal of assets (5,000) 307,000 533,000
Provision for obsolete expendable parts and supplies 642,000 200,000 419,000
Lease termination 9,540,000 15,109,000  
Provision for doubtful accounts     (86,000)
Changes in assets and liabilities:      
Receivables (9,275,000) (5,437,000) 530,000
Expendable parts and supplies (6,310,000) (744,000) (3,379,000)
Prepaid expenses and other current assets (713,000) 7,584,000 (17,243,000)
Accounts payable 12,119,000 2,427,000 (17,336,000)
Accrued liabilities 2,113,000 12,581,000 3,547,000
Net cash provided by operating activities 151,676,000 118,939,000 74,727,000
Cash flows used in investing activities:      
Capital expenditures (125,350,000) (117,989,000) (84,500,000)
Purchases of investment securities (14,884,000) (19,921,000)  
Sales of investment securities 34,961,000    
Proceeds from sale of rotable spare parts     18,000
Net returns (payments) of lease and equipment deposits 431,000 (653,000) 406,000
Net cash used in investing activities (104,842,000) (138,563,000) (84,076,000)
Cash flows from financing activities:      
Proceeds from long-term debt 171,658,000 187,703,000 185,912,000
Principal payments on long-term debt and capital leases (244,087,000) (222,153,000) (152,995,000)
Debt financing costs (5,680,000) (5,852,000) (3,377,000)
Debt prepayment costs (1,672,000)    
Proceeds from issuance of common stock   124,246,000  
Stock issuance costs 185,000 (12,540,000)  
Repurchase of stock (1,871,000) (4,993,000) (1,043,000)
Net cash (used in) provided by financing activities (81,467,000) 66,411,000 28,497,000
Net change in cash and cash equivalents (34,633,000) 46,787,000 19,148,000
Cash and cash equivalents and restricted cash at beginning of period 107,134,000 60,347,000 41,199,000
Cash and cash equivalents and restricted cash at end of period 72,501,000 107,134,000 60,347,000
Supplemental cash flow information      
Cash paid for interest 53,503,000 50,672,000 43,798,000
Cash paid for income taxes - net 419,000 385,000 332,000
Supplemental non-cash investing and financing activities      
Accrued capital expenditures $ 179,000 16,677,000 $ 9,533,000
Acquisition of capital leases   $ 10,473,000