v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 9,862 $ 3,818
Receivables:    
Trade, net (note 3 and 6) 237,856 232,929
Refundable income taxes 11,863 3,944
Other 953 2,842
Total receivables 250,672 239,715
Inventories (note 6) 47,804 40,789
Work-in-process on medical interiors and products contracts 5,313 2,335
Assets held for sale 5,103 9,290
Costs and estimated earnings in excess of billings on uncompleted contracts (note 4) 2,888 585
Refundable deposits 8,459 2,149
Prepaid expenses and other current assets (note 5) 10,449 8,124
Total current assets 340,550 306,805
Property and equipment (notes 6 and 7):    
Land 251 251
Flight and ground support equipment 584,059 417,303
Aircraft under capital leases 246,752 343,079
Aircraft rotable spare parts 41,391 54,176
Buildings and office equipment 51,601 44,785
Property and equipment, gross 924,054 859,594
Less accumulated depreciation and amortization (259,212) (262,356)
Net property and equipment 664,842 597,238
Goodwill (note 2) 128,121 120,029
Intangible assets, net of accumulated amortization of $13,397 and $8,019 at December 31, 2013 and 2012, respectively (note 2 and 6) 88,215 66,817
Other assets 30,813 27,974
Total assets 1,252,541 1,118,863
Current liabilities:    
Notes payable 2,616 3,570
Current installments of long-term debt (note 5 and 6) 39,415 23,796
Current installments of obligations under capital leases (note 7) 29,116 39,343
Accounts payable 20,431 15,847
Deferred revenue 3,463 4,506
Billings in excess of costs and estimated earnings on uncompleted contracts (note 4) 2,232 392
Accrued wages and compensated absences 24,346 21,614
Due to third party payers 7,789 6,426
Deferred income taxes (note 11) 13,748 11,797
Other accrued liabilities 19,162 16,161
Total current liabilities 162,318 143,452
Long-term debt, less current installments (note 5 and 6) 477,038 380,682
Obligations under capital leases, less current installments (note 7) 131,249 200,337
Deferred income taxes (note 11) 86,131 61,684
Other liabilities (note 7) 19,733 33,098
Total liabilities 876,469 819,253
Redeemable non-controlling interests (note 2) 8,113  
Stockholders' equity (notes 8 and 9):    
Preferred stock, $1 par value. Authorized 15,000,000 shares, none issued      
Common stock, $.06 par value. Authorized 70,500,000 shares; issued 39,301,407 and 38,967,105 shares at December 31, 2013 and 2012, respectively; outstanding 39,064,437 and 38,761,462 shares at December 31, 2013 and 2012, respectively 2,343 2,324
Additional paid-in capital 112,890 104,585
Retained earnings 253,098 192,701
Accumulated other comprehensive loss (372)  
Total stockholders' equity 367,959 299,610
Commitments and contingencies (notes 6, 7, 12, and 13)      
Total liabilities and stockholders' equity $ 1,252,541 $ 1,118,863