XML 38 R28.htm IDEA: XBRL DOCUMENT v3.23.1
Balance Sheet Information (Tables)
6 Months Ended
Mar. 31, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Certain Significant Amounts Included in Condensed Consolidated Balance Sheet

Certain significant amounts included in the condensed consolidated balance sheets consisted of the following (in thousands):

 

 

March 31,

 

 

September 30,

 

 

 

2023

 

 

2022

 

Expendable parts and supplies, net:

 

 

 

 

 

 

Expendable parts and supplies

 

$

35,048

 

 

$

31,913

 

Less: obsolescence and other

 

 

(8,294

)

 

 

(5,198

)

 

$

26,754

 

 

$

26,715

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Prepaid aviation insurance

 

$

3,100

 

 

$

2,618

 

Prepaid vendors

 

 

1,155

 

 

 

1,310

 

Prepaid other insurance

 

 

758

 

 

 

1,268

 

Lease incentives

 

 

143

 

 

 

352

 

Prepaid fuel and other

 

 

1,185

 

 

 

1,068

 

 

$

6,341

 

 

$

6,616

 

Property and equipment, net:

 

 

 

 

 

 

Aircraft and other flight equipment

 

$

1,266,985

 

 

$

1,260,143

 

Other equipment

 

 

6,019

 

 

 

5,577

 

Leasehold improvements

 

 

2,776

 

 

 

2,776

 

Vehicles

 

 

1,062

 

 

 

992

 

Building

 

 

777

 

 

 

777

 

Furniture and fixtures

 

 

298

 

 

 

298

 

Total property and equipment

 

 

1,277,917

 

 

 

1,270,563

 

Less: accumulated depreciation

 

 

(409,890

)

 

 

(405,309

)

 

$

868,027

 

 

$

865,254

 

Other assets:

 

 

 

 

 

 

Investments in equity securities

 

$

15,331

 

 

$

15,178

 

Lease incentives

 

 

1,026

 

 

 

1,097

 

Contract asset

 

 

9,526

 

 

 

-

 

Other

 

 

515

 

 

 

15

 

 

$

26,398

 

 

$

16,290

 

Other accrued expenses:

 

 

 

 

 

 

Accrued property taxes

 

$

3,852

 

 

$

5,866

 

Accrued interest

 

 

2,904

 

 

 

2,882

 

Accrued vacation

 

 

6,754

 

 

 

4,746

 

Accrued lodging

 

 

5,477

 

 

 

3,795

 

Accrued maintenance

 

 

2,861

 

 

 

1,453

 

Accrued liability on government payroll program

 

 

 

 

 

2,967

 

Accrued simulator costs

 

 

885

 

 

 

1,045

 

Accrued employee benefits

 

 

1,991

 

 

 

1,679

 

Accrued fleet operating expense

 

 

399

 

 

 

1,606

 

Short term lease incentive liability

 

 

97

 

 

 

97

 

Other

 

 

2,861

 

 

 

2,864

 

 

$

28,081

 

 

$

29,000

 

Other noncurrent liabilities:

 

 

 

 

 

 

Warrant liabilities

 

$

25,225

 

 

$

25,225

 

Lease incentive obligations

 

 

1,050

 

 

 

1,050

 

Long-term employee benefits

 

 

733

 

 

 

1,123

 

Other

 

 

1,821

 

 

 

1,821

 

 

$

28,829

 

 

$

29,219