v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,917 $ 9,862
Receivables:    
Trade, net (note 4) 279,525 237,856
Refundable income taxes   11,863
Other 4,458 953
Total receivables 283,983 250,672
Inventories 46,395 47,804
Work-in-process on medical interiors and products contracts 4,560 5,313
Assets held for sale 7,665 5,103
Costs and estimated earnings in excess of billings on uncompleted contracts 1,513 2,888
Refundable deposits 8,134 8,459
Prepaid expenses and other (note 6) 11,097 10,449
Total current assets 366,264 340,550
Property and equipment:    
Land 251 251
Flight and ground support equipment 646,979 584,059
Aircraft under capital leases 212,461 246,752
Aircraft rotable spare parts 42,829 41,391
Buildings and office equipment 55,702 51,601
Property and equipment, gross 958,222 924,054
Less accumulated depreciation and amortization (258,269) (259,212)
Net property and equipment 699,953 664,842
Goodwill (note 2) 128,737 128,121
Intangible assets, net of accumulated amortization of $16,185 and $13,397 at June 30, 2014 and December 31, 2013, respectively 86,663 88,215
Other assets 29,485 30,813
Total assets 1,311,102 1,252,541
Current liabilities:    
Notes payable 5,738 2,616
Current installments of long-term debt 44,174 39,415
Current installments of obligations under capital leases 25,537 29,116
Accounts payable 19,380 20,431
Deferred revenue 3,221 3,463
Billings in excess of costs and estimated earnings on uncompleted contracts 1,076 2,232
Accrued wages and compensated absences 27,794 24,346
Due to third party payers 6,561 7,789
Deferred income taxes 16,820 13,748
Other accrued liabilities 26,102 19,162
Total current liabilities 176,403 162,318
Long-term debt, less current installments 488,905 477,038
Obligations under capital leases, less current installments 113,682 131,249
Deferred income taxes 92,312 86,131
Other liabilities 20,602 19,733
Total liabilities 891,904 876,469
Redeemable non-controlling interests 8,496 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 39,374,249 and 39,301,407 shares at June 30, 2014 and December 31, 2013, respectively; outstanding 39,151,441 and 39,064,437 shares at June 30, 2014 and December 31, 2013, respectively 2,345 2,343
Additional paid-in capital 115,890 112,890
Retained earnings 292,793 253,098
Accumulated other comprehensive loss (326) (372)
Total stockholders' equity 410,702 367,959
Total liabilities and stockholders' equity $ 1,311,102 $ 1,252,541