|
Consolidating Financial Information - Schedule of Condensed Consolidating Statement of Cash Flows (Details) (USD $)
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Cash flows from operating activities: |
|
|
|
| Net income (loss) |
$ (10,231,000) |
$ 9,866,000 |
$ 15,636,000 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
34,903,000 |
33,328,000 |
21,661,000 |
| Impairment of goodwill |
21,272,000 |
0 |
0 |
| Deferred income taxes |
(7,790,000) |
5,214,000 |
2,682,000 |
| Non-cash income from satisfaction of return to service liability |
(1,869,000) |
0 |
0 |
| Non-cash interest expense on debt |
324,000 |
1,877,000 |
3,137,000 |
| Stock-based compensation |
861,000 |
792,000 |
2,118,000 |
| Write-off of debt issuance costs related to the early extinguishment of debt |
0 |
215,000 |
0 |
| Non-cash interest income on loans |
0 |
(140,000) |
0 |
| Amortization of debt issuance costs |
2,433,000 |
2,067,000 |
1,174,000 |
| Loss (gain) on sale of equipment |
(358,000) |
(1,000) |
5,000 |
| Loss on sale of term loan note receivable |
0 |
3,441,000 |
0 |
| Gain on involuntary conversion |
(308,000) |
0 |
0 |
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
19,719,000 |
(20,991,000) |
2,679,000 |
| Prepaid expenses and other current assets |
(5,544,000) |
427,000 |
2,803,000 |
| Income tax receivable, net |
434,000 |
915,000 |
201,000 |
| Aircraft support parts, net |
(17,240,000) |
(32,001,000) |
(27,355,000) |
| Other non-current assets |
5,602,000 |
(3,131,000) |
0 |
| Accounts payable |
(8,856,000) |
(19,502,000) |
(85,000) |
| Accrued and other current liabilities |
(20,652,000) |
(6,350,000) |
199,000 |
| Income tax payable |
629,000 |
(304,000) |
6,215,000 |
| Other long-term liabilities |
655,000 |
(514,000) |
(2,912,000) |
| Net cash provided by (used in) operating activities |
13,984,000 |
(24,792,000) |
28,158,000 |
| Cash flows from investing activities: |
|
|
|
| Restricted cash |
2,222,000 |
958,000 |
1,438,000 |
| Purchase of intangible assets |
0 |
(2,205,000) |
0 |
| Proceeds from sale-leaseback of aircraft |
24,660,000 |
0 |
0 |
| Dividends paid to noncontrolling interest |
(69,000) |
(341,000) |
(297,000) |
| Proceeds from sale of term loan note receivable |
0 |
1,660,000 |
0 |
| Decrease (increase) in other assets |
(126,000) |
(35,000) |
103,000 |
| Acquisition of businesses, net of cash acquired |
0 |
(226,868,000) |
0 |
| Purchases of aircraft and property, plant and equipment |
(56,807,000) |
(56,104,000) |
(22,736,000) |
| Net cash used in investing activities |
(30,120,000) |
(282,935,000) |
(21,492,000) |
| Cash flows from financing activities: |
|
|
|
| Proceeds from shareholders, net |
414,000 |
|
|
| Proceeds from issuance of common stock, net of expenses |
0 |
0 |
31,454,000 |
| Repayments of subordinated notes |
0 |
(27,572,000) |
0 |
| Repayments of credit facilities |
(206,686,000) |
(250,215,000) |
(327,063,000) |
| Borrowings from credit facilities |
227,939,000 |
246,377,000 |
291,234,000 |
| Other long-term borrowings |
409,000 |
0 |
0 |
| Repayment of notes |
0 |
(45,000,000) |
0 |
| Borrowing of notes |
0 |
400,000,000 |
0 |
| Debt issuance costs |
(371,000) |
(14,986,000) |
(376,000) |
| Shares withheld for payment of taxes |
(211,000) |
(716,000) |
(695,000) |
| Net cash provided by (used in) financing activities |
21,494,000 |
307,888,000 |
(5,446,000) |
| Effect of foreign currency exchange rates on cash and cash equivalents |
(2,142,000) |
252,000 |
(20,000) |
| Net increase in cash and cash equivalents |
3,216,000 |
413,000 |
1,200,000 |
| Cash and cash equivalents at beginning of period |
1,881,000 |
1,468,000 |
268,000 |
| Cash and cash equivalents at end of period |
5,097,000 |
1,881,000 |
1,468,000 |
| Parent Company |
|
|
|
| Cash flows from operating activities: |
|
|
|
| Net income (loss) |
(9,800,000) |
(11,051,000) |
17,252,000 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
23,366,000 |
25,535,000 |
21,428,000 |
| Impairment of goodwill |
0 |
|
|
| Deferred income taxes |
(8,224,000) |
4,543,000 |
2,682,000 |
| Non-cash income from satisfaction of return to service liability |
0 |
|
|
| Non-cash interest expense on debt |
324,000 |
1,877,000 |
3,137,000 |
| Stock-based compensation |
861,000 |
792,000 |
2,118,000 |
| Write-off of debt issuance costs related to the early extinguishment of debt |
|
215,000 |
|
| Non-cash interest income on loans |
|
(140,000) |
|
| Amortization of debt issuance costs |
2,433,000 |
2,067,000 |
1,174,000 |
| Loss (gain) on sale of equipment |
(121,000) |
(25,000) |
5,000 |
| Loss on sale of term loan note receivable |
|
3,441,000 |
|
| Gain on involuntary conversion |
0 |
|
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
4,173,000 |
(5,866,000) |
(1,144,000) |
| Prepaid expenses and other current assets |
(4,628,000) |
(614,000) |
2,496,000 |
| Income tax receivable, net |
(210,000) |
170,000 |
1,011,000 |
| Aircraft support parts, net |
(17,900,000) |
(12,354,000) |
(27,355,000) |
| Other non-current assets |
1,741,000 |
(1,114,000) |
|
| Accounts payable |
(2,161,000) |
1,304,000 |
2,313,000 |
| Accrued and other current liabilities |
(4,402,000) |
(45,424,000) |
422,000 |
| Income tax payable |
(407,000) |
0 |
5,516,000 |
| Other long-term liabilities |
(54,000) |
(514,000) |
(2,912,000) |
| Net cash provided by (used in) operating activities |
(15,009,000) |
(37,158,000) |
28,143,000 |
| Cash flows from investing activities: |
|
|
|
| Restricted cash |
13,000 |
992,000 |
198,000 |
| Purchase of intangible assets |
|
(2,205,000) |
|
| Proceeds from sale-leaseback of aircraft |
24,660,000 |
|
|
| Dividends paid to noncontrolling interest |
0 |
0 |
(297,000) |
| Proceeds from sale of term loan note receivable |
|
1,660,000 |
|
| Decrease (increase) in other assets |
0 |
0 |
136,000 |
| Acquisition of businesses, net of cash acquired |
|
(235,029,000) |
|
| Purchases of aircraft and property, plant and equipment |
(30,110,000) |
(35,530,000) |
(22,695,000) |
| Net cash used in investing activities |
(5,437,000) |
(270,112,000) |
(22,658,000) |
| Cash flows from financing activities: |
|
|
|
| Proceeds from shareholders, net |
414,000 |
|
|
| Proceeds from issuance of common stock, net of expenses |
|
|
31,454,000 |
| Repayments of subordinated notes |
|
(27,572,000) |
|
| Repayments of credit facilities |
(206,686,000) |
(250,215,000) |
(327,063,000) |
| Borrowings from credit facilities |
227,939,000 |
246,377,000 |
291,234,000 |
| Other long-term borrowings |
409,000 |
|
|
| Repayment of notes |
|
(45,000,000) |
|
| Borrowing of notes |
|
400,000,000 |
|
| Debt issuance costs |
(371,000) |
(14,986,000) |
(376,000) |
| Shares withheld for payment of taxes |
(211,000) |
(716,000) |
(695,000) |
| Net cash provided by (used in) financing activities |
21,494,000 |
307,888,000 |
(5,446,000) |
| Effect of foreign currency exchange rates on cash and cash equivalents |
(1,617,000) |
(83,000) |
0 |
| Net increase in cash and cash equivalents |
(569,000) |
535,000 |
39,000 |
| Cash and cash equivalents at beginning of period |
576,000 |
41,000 |
2,000 |
| Cash and cash equivalents at end of period |
7,000 |
576,000 |
41,000 |
| Guarantor Subsidiaries |
|
|
|
| Cash flows from operating activities: |
|
|
|
| Net income (loss) |
(2,431,000) |
21,811,000 |
0 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
10,769,000 |
7,400,000 |
0 |
| Impairment of goodwill |
21,272,000 |
|
|
| Deferred income taxes |
0 |
0 |
0 |
| Non-cash income from satisfaction of return to service liability |
(1,869,000) |
|
|
| Non-cash interest expense on debt |
0 |
0 |
0 |
| Stock-based compensation |
0 |
0 |
0 |
| Write-off of debt issuance costs related to the early extinguishment of debt |
|
0 |
|
| Non-cash interest income on loans |
|
0 |
|
| Amortization of debt issuance costs |
0 |
0 |
0 |
| Loss (gain) on sale of equipment |
(32,000) |
(23,000) |
0 |
| Loss on sale of term loan note receivable |
|
0 |
|
| Gain on involuntary conversion |
(308,000) |
|
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
14,361,000 |
(15,440,000) |
0 |
| Prepaid expenses and other current assets |
(588,000) |
1,454,000 |
0 |
| Income tax receivable, net |
(3,000) |
0 |
0 |
| Aircraft support parts, net |
1,177,000 |
(19,692,000) |
0 |
| Other non-current assets |
3,620,000 |
(2,124,000) |
|
| Accounts payable |
(6,422,000) |
(21,376,000) |
0 |
| Accrued and other current liabilities |
(14,760,000) |
43,153,000 |
0 |
| Income tax payable |
0 |
0 |
0 |
| Other long-term liabilities |
709,000 |
0 |
0 |
| Net cash provided by (used in) operating activities |
25,495,000 |
15,163,000 |
0 |
| Cash flows from investing activities: |
|
|
|
| Restricted cash |
365,000 |
(364,000) |
0 |
| Purchase of intangible assets |
|
0 |
|
| Proceeds from sale-leaseback of aircraft |
0 |
|
|
| Dividends paid to noncontrolling interest |
0 |
0 |
0 |
| Proceeds from sale of term loan note receivable |
|
0 |
|
| Decrease (increase) in other assets |
0 |
0 |
0 |
| Acquisition of businesses, net of cash acquired |
|
5,139,000 |
|
| Purchases of aircraft and property, plant and equipment |
(25,574,000) |
(19,950,000) |
0 |
| Net cash used in investing activities |
(25,209,000) |
(15,175,000) |
0 |
| Cash flows from financing activities: |
|
|
|
| Proceeds from shareholders, net |
0 |
|
|
| Proceeds from issuance of common stock, net of expenses |
|
|
0 |
| Repayments of subordinated notes |
|
0 |
|
| Repayments of credit facilities |
0 |
0 |
0 |
| Borrowings from credit facilities |
0 |
0 |
0 |
| Other long-term borrowings |
0 |
|
|
| Repayment of notes |
|
0 |
|
| Borrowing of notes |
|
0 |
|
| Debt issuance costs |
0 |
0 |
0 |
| Shares withheld for payment of taxes |
0 |
0 |
0 |
| Net cash provided by (used in) financing activities |
0 |
0 |
0 |
| Effect of foreign currency exchange rates on cash and cash equivalents |
0 |
0 |
0 |
| Net increase in cash and cash equivalents |
286,000 |
(12,000) |
0 |
| Cash and cash equivalents at beginning of period |
(12,000) |
0 |
0 |
| Cash and cash equivalents at end of period |
274,000 |
(12,000) |
0 |
| Non-Guarantor Subsidiaries |
|
|
|
| Cash flows from operating activities: |
|
|
|
| Net income (loss) |
2,108,000 |
(512,000) |
(1,357,000) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
768,000 |
393,000 |
233,000 |
| Impairment of goodwill |
0 |
|
|
| Deferred income taxes |
434,000 |
554,000 |
0 |
| Non-cash income from satisfaction of return to service liability |
0 |
|
|
| Non-cash interest expense on debt |
0 |
0 |
0 |
| Stock-based compensation |
0 |
0 |
0 |
| Write-off of debt issuance costs related to the early extinguishment of debt |
|
0 |
|
| Non-cash interest income on loans |
|
0 |
|
| Amortization of debt issuance costs |
0 |
0 |
0 |
| Loss (gain) on sale of equipment |
(205,000) |
47,000 |
0 |
| Loss on sale of term loan note receivable |
|
0 |
|
| Gain on involuntary conversion |
|
|
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
1,143,000 |
298,000 |
3,811,000 |
| Prepaid expenses and other current assets |
(328,000) |
(413,000) |
307,000 |
| Income tax receivable, net |
669,000 |
745,000 |
(810,000) |
| Aircraft support parts, net |
(517,000) |
0 |
0 |
| Other non-current assets |
241,000 |
107,000 |
|
| Accounts payable |
(273,000) |
570,000 |
(2,398,000) |
| Accrued and other current liabilities |
(936,000) |
(1,080,000) |
(470,000) |
| Income tax payable |
461,000 |
(187,000) |
699,000 |
| Other long-term liabilities |
0 |
0 |
0 |
| Net cash provided by (used in) operating activities |
3,565,000 |
522,000 |
15,000 |
| Cash flows from investing activities: |
|
|
|
| Restricted cash |
1,844,000 |
330,000 |
1,240,000 |
| Purchase of intangible assets |
|
0 |
|
| Proceeds from sale-leaseback of aircraft |
0 |
|
|
| Dividends paid to noncontrolling interest |
(136,000) |
(651,000) |
0 |
| Proceeds from sale of term loan note receivable |
|
0 |
|
| Decrease (increase) in other assets |
(126,000) |
(35,000) |
(33,000) |
| Acquisition of businesses, net of cash acquired |
|
22,000 |
|
| Purchases of aircraft and property, plant and equipment |
(1,123,000) |
(624,000) |
(41,000) |
| Net cash used in investing activities |
459,000 |
(958,000) |
1,166,000 |
| Cash flows from financing activities: |
|
|
|
| Proceeds from shareholders, net |
0 |
|
|
| Proceeds from issuance of common stock, net of expenses |
|
|
0 |
| Repayments of subordinated notes |
|
0 |
|
| Repayments of credit facilities |
0 |
0 |
0 |
| Borrowings from credit facilities |
0 |
0 |
0 |
| Other long-term borrowings |
0 |
|
|
| Repayment of notes |
|
0 |
|
| Borrowing of notes |
|
0 |
|
| Debt issuance costs |
0 |
0 |
0 |
| Shares withheld for payment of taxes |
0 |
0 |
0 |
| Net cash provided by (used in) financing activities |
0 |
0 |
0 |
| Effect of foreign currency exchange rates on cash and cash equivalents |
(525,000) |
326,000 |
(20,000) |
| Net increase in cash and cash equivalents |
3,499,000 |
(110,000) |
1,161,000 |
| Cash and cash equivalents at beginning of period |
1,317,000 |
1,427,000 |
266,000 |
| Cash and cash equivalents at end of period |
4,816,000 |
1,317,000 |
1,427,000 |
| Consolidating Entries and Eliminations |
|
|
|
| Cash flows from operating activities: |
|
|
|
| Net income (loss) |
(108,000) |
(382,000) |
(259,000) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
0 |
0 |
0 |
| Impairment of goodwill |
0 |
|
|
| Deferred income taxes |
0 |
117,000 |
0 |
| Non-cash income from satisfaction of return to service liability |
0 |
|
|
| Non-cash interest expense on debt |
0 |
0 |
0 |
| Stock-based compensation |
0 |
0 |
0 |
| Write-off of debt issuance costs related to the early extinguishment of debt |
|
0 |
|
| Non-cash interest income on loans |
|
0 |
|
| Amortization of debt issuance costs |
0 |
0 |
0 |
| Loss (gain) on sale of equipment |
0 |
0 |
0 |
| Loss on sale of term loan note receivable |
|
0 |
|
| Gain on involuntary conversion |
0 |
|
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
42,000 |
17,000 |
12,000 |
| Prepaid expenses and other current assets |
0 |
0 |
0 |
| Income tax receivable, net |
(22,000) |
0 |
0 |
| Aircraft support parts, net |
0 |
45,000 |
0 |
| Other non-current assets |
0 |
0 |
|
| Accounts payable |
0 |
0 |
0 |
| Accrued and other current liabilities |
(554,000) |
(2,999,000) |
247,000 |
| Income tax payable |
575,000 |
(117,000) |
0 |
| Other long-term liabilities |
0 |
0 |
0 |
| Net cash provided by (used in) operating activities |
(67,000) |
(3,319,000) |
0 |
| Cash flows from investing activities: |
|
|
|
| Restricted cash |
0 |
0 |
0 |
| Purchase of intangible assets |
|
0 |
|
| Proceeds from sale-leaseback of aircraft |
0 |
|
|
| Dividends paid to noncontrolling interest |
67,000 |
310,000 |
0 |
| Proceeds from sale of term loan note receivable |
|
0 |
|
| Decrease (increase) in other assets |
0 |
0 |
0 |
| Acquisition of businesses, net of cash acquired |
|
3,000,000 |
|
| Purchases of aircraft and property, plant and equipment |
0 |
0 |
0 |
| Net cash used in investing activities |
67,000 |
3,310,000 |
0 |
| Cash flows from financing activities: |
|
|
|
| Proceeds from shareholders, net |
0 |
|
|
| Proceeds from issuance of common stock, net of expenses |
|
|
0 |
| Repayments of subordinated notes |
|
0 |
|
| Repayments of credit facilities |
0 |
0 |
0 |
| Borrowings from credit facilities |
0 |
0 |
0 |
| Other long-term borrowings |
0 |
|
|
| Repayment of notes |
|
0 |
|
| Borrowing of notes |
|
0 |
|
| Debt issuance costs |
0 |
0 |
0 |
| Shares withheld for payment of taxes |
0 |
0 |
0 |
| Net cash provided by (used in) financing activities |
0 |
0 |
0 |
| Effect of foreign currency exchange rates on cash and cash equivalents |
0 |
9,000 |
0 |
| Net increase in cash and cash equivalents |
0 |
0 |
0 |
| Cash and cash equivalents at beginning of period |
0 |
0 |
0 |
| Cash and cash equivalents at end of period |
$ 0 |
$ 0 |
$ 0 |