XML 86 R12.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Balance Sheet Information | 3 Months Ended
--- | ---
Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Balance Sheet Information |
6. | Balance Sheet Information
Certain significant amounts included in the Company's condensed consolidated balance sheet as of December 31, 2019 and September 30, 2019, consisted of the following (in thousands):
|  | December 31, |  |  | September 30, |
|  | 2019 |  |  | 2019 |
Expendable parts and supplies, net: |  |  |  |  |  |  |  |
Expendable parts and supplies |  | $ | 26,455 |  |  | $ | 25,336 |
Less: obsolescence and other |  |  | (4,055 | ) |  |  | (3,999 | )
|  | $ | 22,400 |  |  | $ | 21,337 |
Prepaid expenses and other current assets: |  |  |  |  |  |  |  |
Prepaid aircraft rent |  | $ | - |  |  | $ | 35,786 |
Deferred offering and reimbursed costs |  |  | 1,664 |  |  |  | 2,092 |
Other |  |  | 2,838 |  |  |  | 3,045 |
|  | $ | 4,502 |  |  | $ | 40,923 |
Property and equipment, net: |  |  |  |  |  |  |  |
Aircraft and other flight equipment substantially pledged |  | $ | 1,588,368 |  |  | $ | 1,582,199 |
Other equipment |  |  | 5,122 |  |  |  | 5,122 |
Leasehold improvements |  |  | 2,797 |  |  |  | 2,797 |
Vehicles |  |  | 945 |  |  |  | 924 |
Building |  |  | 699 |  |  |  | 699 |
Furniture and fixtures |  |  | 302 |  |  |  | 302 |
Total property and equipment |  |  | 1,598,233 |  |  |  | 1,592,043 |
Less: accumulated depreciation |  |  | (336,966 | ) |  |  | (318,458 | )
|  | $ | 1,261,267 |  |  | $ | 1,273,585 |
Other accrued expenses: |  |  |  |  |  |  |  |
Accrued property taxes |  | $ | 11,018 |  |  | $ | 9,186 |
Accrued interest |  |  | 6,715 |  |  |  | 4,497 |
Accrued vacation |  |  | 6,149 |  |  |  | 6,128 |
Accrued wheels, brakes and tires |  |  | 3,072 |  |  |  | 1,513 |
Other |  |  | 7,396 |  |  |  | 7,564 |
|  | $ | 34,350 |  |  | $ | 28,888 |
Depreciation expense totaled approximately $20.2 million and $18.0 million for the three months ended December 31, 2019 and 2018, respectively. Prior to the Company’s adoption of Topic 842 on October 1, 2019, the Company recorded amortization of the unfavorable lease liability of approximately $1.5 million for the three months ended December 31, 2018 as a reduction to lease expense. Upon the Company’s adoption of Topic 842, the unfavorable lease liability is now included in its ROU asset balance and amortized therein.

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration