|
Net income (loss)
|
|
—
|
$964k
|
$8.1m
|
$36.1m
|
$43.9m
|
($5.6m)
|
$5.9m
|
$8.6m
|
|
Depreciation and amortization
|
|
$29.8m
|
$30.1m
|
$24.2m
|
$13.0m
|
$11.0m
|
$10.5m
|
$16.0m
|
$19.3m
|
|
Amortization of debt issuance costs
|
|
$1.0m
|
$802k
|
$740k
|
$494k
|
$455k
|
$400k
|
$337k
|
$392k
|
|
Amortization of operating lease assets
|
|
—
|
—
|
—
|
—
|
$873k
|
$359k
|
$365k
|
$557k
|
|
Deferred income taxes
|
|
($7.8m)
|
$2.5m
|
$22k
|
($3.2m)
|
($2.4m)
|
($916k)
|
$2.0m
|
$1.4m
|
|
Share-based compensation
|
|
—
|
$0
|
$1.0m
|
$12.7m
|
$16.5m
|
$12.1m
|
$4.3m
|
$4.9m
|
|
Inventory reserve
|
|
$1.1m
|
$5.6m
|
$13.7m
|
$6.9m
|
$2.4m
|
$1.5m
|
$3.7m
|
$3.5m
|
|
Provision for doubtful accounts
|
|
$619k
|
$55k
|
$212k
|
$212k
|
($395k)
|
—
|
$195k
|
—
|
|
Change in fair value of warrant liability
|
|
—
|
—
|
$388k
|
$2.9m
|
$525k
|
($2.3m)
|
($2.3m)
|
($85k)
|
|
Accounts receivable
|
|
($8.9m)
|
($21.5m)
|
($2.6m)
|
$3.9m
|
($1.0m)
|
($3.0m)
|
($3.6m)
|
($8.0m)
|
|
Income tax receivable
|
|
$851k
|
($135k)
|
—
|
—
|
—
|
($1.6m)
|
($366k)
|
$266k
|
|
Inventory
|
|
$7.7m
|
$3.4m
|
($55.3m)
|
($35.7m)
|
($37.6m)
|
($168.6m)
|
($78.0m)
|
($54.8m)
|
|
Deposits, prepaid expenses, and other current assets
|
|
$190k
|
($2.8m)
|
$3.4m
|
$5.5m
|
$2.9m
|
($6.6m)
|
$1.4m
|
$1.9m
|
|
Other assets
|
|
—
|
—
|
—
|
—
|
$893k
|
$103k
|
($745k)
|
$9k
|
|
Advance vendor payments
|
|
$342k
|
($251k)
|
($3.0m)
|
($8.1m)
|
($13.3m)
|
($1.1m)
|
$29.0m
|
$1.1m
|
|
Accounts payable
|
|
$1.2m
|
$3.8m
|
($801k)
|
$3.6m
|
$1.2m
|
$8.8m
|
$4.3m
|
($4.5m)
|
|
Income tax payable
|
|
—
|
$0
|
$1.3m
|
$2.2m
|
($3.4m)
|
—
|
—
|
$329k
|
|
Accrued expenses
|
|
$3.6m
|
$504k
|
($1.7m)
|
($1.3m)
|
$417k
|
($3.5m)
|
$1.8m
|
($232k)
|
|
Deferred revenue
|
|
$4.2m
|
$1.7m
|
($5.9m)
|
$265k
|
($1.5m)
|
$1.6m
|
($1.2m)
|
($1.3m)
|
|
Lessee and customer purchase deposits
|
|
$1.4m
|
$2.8m
|
$1.8m
|
$34.7m
|
($18.0m)
|
($15.7m)
|
$3.2m
|
($449k)
|
|
Deferred insurance proceeds
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$24.9m
|
$3.7m
|
|
Other liabilities
|
|
$851k
|
$687k
|
($957k)
|
($260k)
|
($2.5m)
|
($604k)
|
($12k)
|
$472k
|
|
Proceeds from sale of assets
|
|
$75.3m
|
$2.1m
|
$3.1m
|
$17.1m
|
$52.8m
|
$14.4m
|
$12.9m
|
$6.4m
|
|
Acquisition of aircraft and engines held for lease, including capitalized costs
|
|
($7.6m)
|
($36.5m)
|
($5.1m)
|
($2.4m)
|
($7.1m)
|
—
|
($15.0m)
|
($4.2m)
|
|
Purchase of property and equipment
|
|
($8.8m)
|
($38.1m)
|
($7.3m)
|
($1.5m)
|
($8.5m)
|
($11.4m)
|
($14.1m)
|
($6.1m)
|
|
Proceeds from revolving credit facility
|
|
$23.9m
|
$77.7m
|
$96.7m
|
—
|
—
|
$82.7m
|
$192.6m
|
$305.4m
|
|
Repayments of revolving credit facility
|
|
($97.5m)
|
($77.7m)
|
($96.7m)
|
—
|
—
|
($53.7m)
|
($182.4m)
|
($234.6m)
|
|
Purchase of treasury stock
|
|
—
|
—
|
—
|
—
|
($22.2m)
|
—
|
—
|
($45.0m)
|
|
Proceeds from the issuance of Employee Stock Purchase Plan shares
|
|
—
|
—
|
—
|
—
|
$538k
|
$566k
|
$531k
|
$386k
|
|
Income tax (refunds) payments, net
|
|
$4.7m
|
$763k
|
$2.6m
|
$8.3m
|
$21.5m
|
$1.2m
|
($13k)
|
($468k)
|
|
Reclassification of inventory to equipment held for lease, net
|
|
—
|
—
|
—
|
—
|
—
|
$7.0m
|
$43.2m
|
$33.6m
|
|
Reclassification of inventory to property and equipment, net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$3.4m
|
|
Reclassification of equipment held for lease, net from property and equipment, net
|
|
—
|
—
|
—
|
—
|
—
|
$7.0m
|
$43.2m
|
($8.8m)
|
|
Net cash (used in) provided by operating activities
|
|
($4.6m)
|
($1.9m)
|
($12.2m)
|
$79.1m
|
($113k)
|
($174.2m)
|
$11.2m
|
($23.0m)
|
|
Net cash (used in) provided by investing activities
|
|
$44.2m
|
($173.5m)
|
($21.1m)
|
$13.2m
|
$41.4m
|
$3.1m
|
($16.1m)
|
($3.9m)
|
|
Proceeds from long-term debt
|
|
—
|
—
|
—
|
—
|
—
|
$8.6m
|
$2.4m
|
$1.2m
|
|
Payments of debt issuance costs
|
|
($1.7m)
|
$0
|
—
|
—
|
—
|
($1.4m)
|
($126k)
|
($120k)
|
|
Repayments of long-term debt
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($9.2m)
|
($710k)
|
|
Net cash provided by financing activities
|
|
($83.8m)
|
$175.6m
|
$45.2m
|
$8.6m
|
($24.3m)
|
$29.7m
|
$3.8m
|
$26.5m
|
|
Decrease in cash and cash equivalents
|
|
$13.8m
|
$278k
|
$11.8m
|
$100.9m
|
$17.0m
|
($141.3m)
|
($1.2m)
|
($319k)
|
|
Cash and cash equivalents, beginning of period
|
|
$21.6m
|
$319k
|
$29.3m
|
$130.2m
|
$147.2m
|
$5.9m
|
$4.7m
|
$4.4m
|
|
Interest paid
|
|
$2.3m
|
$2.3m
|
$855k
|
$595k
|
$573k
|
$1.5m
|
$5.6m
|
$8.0m
|
|
Taxes paid related to net share settlement of equity awards
|
|
—
|
—
|
—
|
($694k)
|
($2.6m)
|
($7.0m)
|
($124k)
|
($37k)
|