Annual report [Section 13 and 15(d), not S-K Item 405]

Business Segments and Customer Information (Tables)

v3.25.0.1
Business Segments and Customer Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Information
Our segment information is as follows (in thousands):

Year Ended December 31, 2024
Aviation Fleet Corporate /
unallocated expenses		 Consolidated
Revenues $ 786,256  $ 293,876  $ —  $ 1,080,132 
Costs and operating expenses:
Segment costs (a)
640,895  266,689  36,831  944,415 
Depreciation and amortization 25,500  2,957  155  28,612 
Allocated corporate cost (b)
18,474  7,212  —  25,686 
Total costs and operating expenses 684,869  276,858  36,986  998,713 
Operating income (loss) (c)
$ 101,387  $ 17,018  $ (36,986) $ 81,419 
Capital Expenditures (d)
$ 19,030  $ 2,386  $ 215  $ 21,631 
Total Assets $ 1,409,426  $ 282,820  $ 42,374  $ 1,734,620 
Year Ended December 31, 2023
Aviation Fleet Corporate /
unallocated expenses		 Consolidated
Revenues $ 544,020  $ 316,468  $ —  $ 860,488 
Costs and operating expenses:
Segment costs (a)
443,909  272,084  14,682  730,675 
Depreciation and amortization 16,080  5,300  (253) 21,127 
Allocated corporate cost (b)
12,863  7,827  —  20,690 
Total costs and operating expenses 472,852  285,211  14,429  772,492 
Operating income (loss) (c)
$ 71,168  $ 31,257  $ (14,429) $ 87,996 
Capital Expenditures (d)
$ 16,467  $ 2,198  $ 269  $ 18,934 
Total Assets (e)
$ 950,143  $ 274,382  $ 125,813  $ 1,350,338 
For the Year Ended December 31, 2022
Aviation Fleet Corporate /
unallocated expenses		 Consolidated
Revenues $ 408,112  $ 261,336  $ —  $ 669,448 
Costs and operating expenses:
Segment costs (a)
345,614  221,137  7,654  574,405 
Depreciation and amortization 13,174  8,783  (931) 21,026 
Allocated corporate cost (b)
12,908  7,505  —  20,413 
Total costs and operating expenses 371,696  237,425  6,723  615,844 
Operating income (loss) (c)
$ 36,416  $ 23,911  $ (6,723) $ 53,604 
Capital Expenditures (d)
$ 5,961  $ 5,502  $ 861  $ 12,324 
(a) Segment costs consist of material, labor, overhead, and selling, general, and administrative costs not separately disclosed within this footnote.
(b) Primarily includes costs for information technology, human resources, accounting, and legal support services.
(c) Certain corporate costs previously allocated to the Federal and Defense business for segment reporting purposes did not qualify for classification within discontinued operations and have been reallocated to continuing operations.
(d) Amounts differ from consolidated statements of cash flows due to inclusion of capital expenditures for which payment has not yet been remitted.
(e) Corporate assets in 2023 include $93,002 of assets held-for-sale.
Schedule of Revenue by Geographic Areas
Revenue by geography is based on the billing address of the customer. Our revenue by geographic area is as follows (in thousands):
  For the years ended December 31,
  2024 2023 2022
United States $ 785,599  $ 656,767  $ 557,615 
Other Countries (a)
294,533  203,721  111,833 
Total revenue $ 1,080,132  $ 860,488  $ 669,448 
(a) No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented.