XML 61 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 12,670 $ 32,330
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 41,021 37,767
Stock compensation expense 2,513 2,752
Deferred income taxes 4,490 10,039
Amortization of deferred credits (2,041) (2,575)
Unfavorable lease liabilities   (3,095)
Amortization of debt financing costs and accretion of interest on non-interest-bearing subordinated notes 2,149 2,000
Loss on extinguishment of debt   3,616
Loss (Gain) on disposal of assets 514 (33)
Provision for obsolete expendable parts and supplies 306 319
Changes in assets and liabilities:    
Receivables 9,019 1,734
Expendable parts and supplies (1,382) (3,890)
Prepaid expenses and other current assets 97 (7,244)
Accounts payable (602) (3,451)
Accrued liabilities 2,122 (499)
Change in operating lease right-of-use assets (5,674)  
Net cash provided by operating activities 65,202 69,770
Cash flows from investing activities:    
Capital expenditures (12,968) (34,250)
Sales of investment securities   20,077
Lease and equipment deposits (13,804) (7,296)
Returns of lease and equipment deposits 1,999 2,978
Net cash used in investing activities (24,773) (18,491)
Cash flows from financing activities:    
Proceeds from long-term debt 23,000 91,200
Principal payments on long-term debt and financing leases (79,395) (163,748)
Debt financing costs (494) (2,540)
Debt prepayment costs   (1,672)
Stock issuance costs   185
Repurchase of stock (201) (449)
Net cash used in financing activities (57,090) (77,024)
Net change in cash, cash equivalents and restricted cash (16,661) (25,745)
Cash, cash equivalents and restricted cash at beginning of period 72,501 107,134
Cash, cash equivalents and restricted cash at end of period 55,840 81,389
Supplemental cash flow information    
Cash paid for interest 22,402 27,937
Cash paid for income taxes, net 45 51
Operating lease payments in operating cash flows 26,240  
Supplemental non-cash operating activities    
Right-of-use assets obtained in exchange of lease liabilities 145,627  
Supplemental non-cash investing activities    
Accrued capital expenditures $ 98 $ 6,345