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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES:  
Net earnings from continuing operations$ 10,335$ 28,053
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent(74)(58)
Adjustments to reconcile net earnings to net cash provided by operating activities:  
Impairment of aircraft22,0650
Impairment of goodwill and acquired intangibles5,0790
Depreciation and amortization68,86565,310
Pension and post-retirement(2,688)(1,144)
Deferred income taxes6,79414,864
Amortization of stock-based compensation2,1651,230
Amortization of DHL promissory note(4,650)(3,100)
Write-off of unamortized debt issuance costs2,8860
Unrealized loss on derivative instruments5,4370
Changes in assets and liabilities:  
Accounts receivable(841)40,080
Inventory and prepaid supplies(1,387)(2,730)
Accounts payable(864)(311)
Unearned revenue7,62911,966
Accrued expenses, salaries, wages, benefits and other liabilities(1,192)(40,895)
Pension and post-retirement liabilities(13,828)(33,020)
Other1,1451,419
NET CASH PROVIDED BY OPERATING ACTIVITIES106,87681,664
INVESTING ACTIVITIES:  
Capital expenditures(162,557)(90,741)
Proceeds from the disposal of property and equipment44131,497
Proceeds from the redemption of interest-bearing investments1,7500
NET CASH (USED IN) INVESTING ACTIVITIES(160,366)(59,244)
FINANCING ACTIVITIES:  
Principal payments on long-term obligations(201,738)(61,184)
Proceeds from borrowings240,0000
Financing fees(2,536)0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES35,726(61,184)
NET (DECREASE) IN CASH AND CASH EQUIVALENTS(17,764)(38,764)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR46,54383,229
CASH AND CASH EQUIVALENTS AT END OF PERIOD28,77944,465
SUPPLEMENTAL CASH FLOW INFORMATION:  
Interest paid, net of amount capitalized9,47012,591
Federal alternative minimum and state income taxes paid2,348367
SUPPLEMENTAL NON-CASH INFORMATION:  
Debt extinguished4,6503,100
Accrued capital expenditures$ 12,408$ 1,215