v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 8,103 $ 9,862
Receivables:    
Trade, net (note 4) 252,880 237,856
Refundable income taxes 11,508 11,863
Other 6,933 953
Total receivables 271,321 250,672
Inventories 47,781 47,804
Work-in-process on medical interiors and products contracts 5,385 5,313
Assets held for sale 4,532 5,103
Costs and estimated earnings in excess of billings on uncompleted contracts 2,646 2,888
Refundable deposits 8,363 8,459
Prepaid expenses and other (note 6) 10,869 10,449
Total current assets 359,000 340,550
Property and equipment:    
Land 251 251
Flight and ground support equipment 615,352 584,059
Aircraft under capital leases 235,105 246,752
Aircraft rotable spare parts 43,019 41,391
Buildings and other equipment 55,422 51,601
Property and equipment, gross 949,149 924,054
Less accumulated depreciation and amortization (264,653) (259,212)
Net property and equipment 684,496 664,842
Goodwill (note 2) 128,737 128,121
Intangible assets, net of accumulated amortization of $14,652 and $13,397 at March 31, 2014 and December 31, 2013, respectively 86,875 88,215
Other assets 28,920 30,813
Total assets 1,288,028 1,252,541
Current liabilities:    
Notes payable 5,696 2,616
Current installments of long-term debt 43,129 39,415
Current installments of obligations under capital leases 27,966 29,116
Accounts payable 17,409 20,431
Deferred revenue 5,047 3,463
Billings in excess of costs and estimated earnings on uncompleted contracts 1,651 2,232
Accrued wages and compensated absences 19,430 24,346
Due to third party payers 8,565 7,789
Deferred income taxes 16,106 13,748
Other accrued liabilities 21,628 19,162
Total current liabilities 166,627 162,318
Long-term debt, less current installments 498,534 477,038
Obligations under capital leases, less current installments 124,286 131,249
Deferred income taxes 89,790 86,131
Other liabilities 19,402 19,733
Total liabilities 898,639 876,469
Redeemable non-controlling interests 8,324 8,113
Stockholders' equity (note 3):    
Preferred stock, $1 par value. Authorized 15,000,000 shares, none issued      
Common stock, $.06 par value. Authorized 70,500,000 shares; issued 39,367,250 and 39,301,407 shares at March 31, 2014 and December 31, 2013, respectively; outstanding 39,148,440 and 39,064,437 shares at March 31, 2014 and December 31, 2013, respectively 2,345 2,343
Additional paid-in capital 115,116 112,890
Retained earnings 264,041 253,098
Accumulated other comprehensive loss (437) (372)
Total stockholders' equity 381,065 367,959
Total liabilities and stockholders' equity $ 1,288,028 $ 1,252,541