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Leases (Notes) | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Lessee, Leases [Policy Text Block] | Leases The Company evaluates all operating leases and they are measured on the balance sheet with a lease liability and right-of-use asset (“ROU”) at inception. ROU assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make scheduled lease payments. Airport terminal leases mostly include variable lease payments outside of those based on a fixed index, and are therefore not recorded as ROU assets.
(in thousands) | Classification on the Balance Sheet | June 30, 2020 |  | December 31, 2019
Assets |  |  |  |
Operating lease assets(1) | Operating lease right-of-use assets | $ | 99,819 |  |  | $ | 22,081 |
Finance lease assets(2) | Property and equipment, net | 108,407 |  |  | 111,665 |
Total lease assets |  | $ | 208,226 |  |  | $ | 133,746 |
Liabilities |  |  |  |
Current |  |  |  |
Operating(1) | Accrued liabilities | $ | 11,171 |  |  | $ | 2,662 |
Finance(2) | Current maturities of long-term debt and finance lease obligations | 7,836 |  |  | 7,666 |
Noncurrent |  |  |  |
Operating(1) | Other noncurrent liabilities | 90,257 |  |  | 21,290 |
Finance(2) | Long-term debt and finance lease obligations | 103,969 |  |  | 107,930 |
Total lease liabilities |  | $ | 213,233 |  |  | $ | 139,548 |
(1) Represents assets and liabilities of seven aircraft, office facilities, office equipment, certain airport and terminal facilities, and other assets under operating lease (2) Represents assets and liabilities of five aircraft under finance lease Sale-Leaseback Transaction In June 2020, the Company entered into a sale-leaseback transaction on four aircraft. The transaction qualified as a sale, and generated $48.0 million of proceeds. The aircraft were removed from the Company's balance sheet within property and equipment, resulting in a $30.2 million loss on sale. The loss is reflected within operating special charges on the statement of income since the Company would not likely have transacted absent cash conservation efforts as a result of COVID. The leased aircraft were subsequently recorded within operating lease right-of-use assets, with the related lease liabilities recorded within accrued liabilities and other noncurrent liabilities on the balance sheet. This transaction is treated as an cash inflow from investing activities on the statement of cash flows.

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- References No definition available. + Details
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- Definition Disclosure of accounting policy for leasing arrangement entered into by lessee. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918666-209980 + Details
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