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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Property, Plant and Equipment Estimated Useful Lives | The estimated useful lives of the principal asset classes are shown below.
Aircraft, engines and related rotable parts | 10 | - | 25 Years
Buildings and leasehold improvements | 10 | - | 39 Years
Equipment | 3 | - | 10 Years
Computer hardware and software | 3 | - | 15 Years
Property and equipment consisted of the following:
| As of December 31,
(in thousands) | 2023 |  | 2022
Airline |  |  |
Flight equipment | $ | 3,346,216 |  |  | $ | 2,937,767 |
Computer hardware and software | 274,927 |  |  | 209,808 |
Land and buildings/leasehold improvements | 63,863 |  |  | 62,227 |
Other property and equipment | 109,727 |  |  | 95,156 |
Sunseeker Resort |  |  |
Land and buildings/leasehold improvements | 559,112 |  |  | — |
Other property and equipment | 53,743 |  |  | — |
Construction in progress | 4,389 |  |  | 320,572 |
Total property and equipment | 4,411,977 |  |  | 3,625,530 |
Less accumulated depreciation and amortization | (964,866) |  |  | (814,837) |
Property and equipment, net | $ | 3,447,111 |  |  | $ | 2,810,693 |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of net income per share on a basic and diluted basis for the periods indicated:
|  |  |  |  | Year ended December 31,
(in thousands, except per share data) |  |  |  |  | 2023 |  | 2022 |  | 2021
Basic: |  |  |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 117,596 |  |  | $ | 2,493 |  |  | $ | 151,853 |
Less income allocated to participating securities |  |  |  |  | (4,188) |  |  | (32) |  |  | (2,218) |
Net income attributable to common stock |  |  |  |  | $ | 113,408 |  |  | $ | 2,461 |  |  | $ | 149,635 |
Earnings per share, basic |  |  |  |  | $ | 6.32 |  |  | $ | 0.14 |  |  | $ | 8.69 |
Weighted-average shares outstanding |  |  |  |  | 17,945 |  |  | 17,959 |  |  | 17,212 |
Diluted: |  |  |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 117,596 |  |  | $ | 2,493 |  |  | $ | 151,853 |
Less income allocated to participating securities |  |  |  |  | (4,175) |  |  | (32) |  |  | (2,215) |
Net income attributable to common stock |  |  |  |  | $ | 113,421 |  |  | $ | 2,461 |  |  | $ | 149,638 |
Earnings per share, diluted |  |  |  |  | $ | 6.29 |  |  | $ | 0.14 |  |  | $ | 8.68 |
Weighted-average shares outstanding |  |  |  |  | 17,945 |  |  | 17,959 |  |  | 17,212 |
Dilutive effect of stock options and restricted stock |  |  |  |  | 249 |  |  | 132 |  |  | 145 |
Adjusted weighted-average shares outstanding under treasury stock method |  |  |  |  | 18,194 |  |  | 18,091 |  |  | 17,357 |
Participating securities excluded under two-class method |  |  |  |  | (175) |  |  | (57) |  |  | (126) |
Adjusted weighted-average shares outstanding under two-class method |  |  |  |  | 18,019 |  |  | 18,034 |  |  | 17,231 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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