v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income (loss) $ 644 $ (17,418)
Adjustments to reconcile net cash (used in) provided by operating activities:    
Depreciation, amortization and obsolescence allowance 5,016 12,591
Amortization of engine overhauls 649 1,827
Deferred income taxes (44) (480)
Gain on disposition of property and equipment (633) (516)
Gain on marketable securities (2,467) (567)
Changes in operating assets and liabilities:    
Receivables, net 3,546 2,127
Sales lease receivable 104 232
Spare parts and supplies 604 (900)
Prepaid expenses and other 367 (617)
Operating lease right-of-use asset 136 126
Accounts payable (6,601) 4,137
Accrued payroll and employee benefits (5,629) 1,835
Other accrued expenses 42 71
Contract liabilities (4,190) 1,581
Income taxes payable (312) 0
Other long-term liabilities (480) (221)
Net Cash (Used in) Provided by Operating Activities (9,248) 3,808
Cash Flows from Investing Activities    
Additions to property and equipment (73) (2,387)
Proceeds on disposition of property and equipment 748 628
Purchase of marketable securities and long-term restricted investments (SESP) (1,349) (1,149)
Sale of marketable securities and long-term restricted investments (SESP) 6,686 120
Net Cash Provided by (Used in) Investing Activities 6,012 (2,788)
Cash Flows from Financing Activities    
Dividends paid on preferred stock 0 (985)
Series C stock redemption 0 (10,710)
Repurchased stock (46) (1,929)
Net Cash Used in Financing Activities (46) (13,624)
Decrease in Cash, Cash Equivalents and Restricted Cash (3,282) (12,604)
Cash, Cash Equivalents and Restricted Cash, beginning of period 15,619 21,531
Cash, Cash Equivalents and Restricted Cash, end of period $ 12,337 $ 8,927