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Segment Reporting | 6 Months Ended
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Jun. 30, 2012
Segment Reporting |
Segment Reporting |
Note E — Segment Reporting Generally accepted accounting principles require disclosures related to components of a company for which separate financial information is available to and regularly evaluated by the company’s chief operating decision maker (“CODM”) when deciding how to allocate resources and in assessing performance. The Company’s two operating segments consist of the operations of its two operating subsidiaries, SkyWest Airlines and ExpressJet. On December 31, 2011, ExpressJet Delaware and Atlantic Southeast merged through the ExpressJet Combination. In conjunction with the ExpressJet Combination, ExpressJet became a reportable segment. Prior year amounts have been revised to conform to the current year segment presentation. Corporate overhead expense incurred by the Company is allocated to the operating expenses of its two operating subsidiaries. The following represents the Company’s segment data for the three months ended June 30, 2012 and 2011 (in thousands).
|  | Three months ended June 30,2012 |
|  | SkyWest Airlines |  | ExpressJet |  | Other |  | Consolidated |
Operating revenues |  | 509,135 |  | 425,445 |  | 2,634 |  | 937,214 |
Operating expense |  | 467,497 |  | 421,640 |  | 1,271 |  | 890,408 |
Depreciation and amortization expense |  | 38,646 |  | 25,536 |  | — |  | 64,182 |
Interest expense |  | 12,353 |  | 5,959 |  | 1,075 |  | 19,387 |
Segment profit (loss)(1) |  | 29,285 |  | (2,154 | ) | 288 |  | 27,419 |
Identifiable intangible assets, other than goodwill |  | — |  | 18,373 |  | — |  | 18,373 |
Total assets |  | 2,604,012 |  | 1,634,798 |  | — |  | 4,238,810 |
Capital expenditures (including non-cash) |  | 6,700 |  | 4,579 |  | — |  | 11,279 |
|  | Three months ended June 30, 2011 |
|  | SkyWest Airlines |  | ExpressJet |  | Other |  | Consolidated |
Operating revenues |  | 513,326 |  | 417,497 |  | 2,874 |  | 933,697 |
Operating expense |  | 479,905 |  | 433,371 |  | 1,381 |  | 914,657 |
Depreciation and amortization expense |  | 36,825 |  | 26,872 |  | — |  | 63,697 |
Interest expense |  | 12,621 |  | 6,332 |  | 1,099 |  | 20,052 |
Segment profit (loss) (1) |  | 20,800 |  | (22,206 | ) | 394 |  | (1,012 | )
Identifiable intangible assets, other than goodwill |  | — |  | 20,622 |  | — |  | 20,622 |
Total assets |  | 2,545,336 |  | 1,794,405 |  | — |  | 4,339,741 |
Capital expenditures (including non-cash) |  | 11,318 |  | 7,729 |  | — |  | 19,047 |
(1) Segment profit is operating income less interest expense The following represents the Company’s segment data for the six-months periods ended June 30, 2012 and 2011 (in thousands).
|  | Six months ended June 30, 2012 |
|  | SkyWest Airlines |  | ExpressJet |  | Other |  | Consolidated |
Operating revenues |  | 1,004,046 |  | 849,074 |  | 5,268 |  | 1,858,388 |
Operating expense |  | 940,403 |  | 848,192 |  | 2,530 |  | 1,791,125 |
Depreciation and amortization expense |  | 77,429 |  | 51,068 |  | — |  | 128,497 |
Interest expense |  | 24,915 |  | 12,005 |  | 2,247 |  | 39,167 |
Segment profit (loss)(1) |  | 38,728 |  | (11,123 | ) | 491 |  | 28,096 |
Identifiable intangible assets, other than goodwill |  | — |  | 18,373 |  | — |  | 18,373 |
Total assets |  | 2,604,012 |  | 1,634,798 |  | — |  | 4,238,810 |
Capital expenditures (including non-cash) |  | 21,953 |  | 8,541 |  | — |  | 30,494 |
|  | Six months ended June 30, 2011 |
|  | SkyWest Airlines |  | ExpressJet |  | Other |  | Consolidated |
Operating revenues |  | 992,944 |  | 800,956 |  | 5,748 |  | 1,799,648 |
Operating expense |  | 936,720 |  | 840,962 |  | 2,700 |  | 1,780,382 |
Depreciation and amortization expense |  | 73,280 |  | 53,610 |  | — |  | 126,890 |
Interest expense |  | 25,351 |  | 12,711 |  | 2,210 |  | 40,272 |
Segment profit (loss) (1) |  | 30,873 |  | (52,717 | ) | 838 |  | (21,006 | )
Identifiable intangible assets, other than goodwill |  | — |  | 20,622 |  | — |  | 20,622 |
Total assets |  | 2,545,336 |  | 1,794,405 |  | — |  | 4,339,741 |
Capital expenditures (including non-cash) |  | 21,618 |  | 15,048 |  | — |  | 36,666 |
(1) Segment profit is operating income less interest expense

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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