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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES $ 148,353 $ 149,618 $ 295,378 $ 293,211
OPERATING EXPENSES        
Salaries, wages and benefits 42,036 40,895 85,715 83,960
Fuel 12,275 14,014 23,053 26,274
Maintenance, materials and repairs 23,993 23,168 46,686 48,047
Depreciation and amortization 31,400 27,142 60,393 52,121
Travel 4,342 4,419 8,765 8,992
Rent 2,447 6,924 6,654 14,234
Landing and ramp 2,166 2,576 4,874 5,314
Insurance 546 1,573 1,804 2,778
Other operating expenses 9,354 10,790 20,111 19,538
Operating Expenses 128,559 131,501 258,055 261,258
OPERATING INCOME 19,794 18,117 37,323 31,953
OTHER INCOME (EXPENSE)        
Interest income 24 24 46 43
Interest expense (2,839) (3,481) (5,904) (7,304)
Net gain (loss) on derivative instruments 264 31 251 330
Other Nonoperating Income (Expense) (2,551) (3,426) (5,607) (6,931)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 17,243 14,691 31,716 25,022
INCOME TAX EXPENSE (6,673) (5,393) (12,251) 9,202
EARNINGS FROM CONTINUING OPERATIONS 10,570 9,298 19,465 15,820
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 214 211 428 422
NET EARNINGS $ 10,784 $ 9,509 $ 19,893 $ 16,242
BASIC EARNINGS PER SHARE        
Continuing operations (in dollars per share) $ 0.16 $ 0.14 $ 0.30 $ 0.25
Discontinued operations (in dollars per share) 0.01 0.01 0.01 0.00
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.17 0.15 0.31 0.25
DILUTED EARNINGS PER SHARE        
Continuing operations (in dollars per share) 0.16 0.14 0.30 0.24
Discontinued operations (in dollars per share) 0.00 0.01 0.00 0.01
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.16 $ 0.15 $ 0.30 $ 0.25
WEIGHTED AVERAGE SHARES        
Basic (in shares) 64,541 64,285 64,498 64,217
Diluted (in shares) 65,471 65,207 65,404 65,174