Current report filing

FAIR VALUE DISCLOSURES, Fair Value of Debt (Details)

v3.20.1
FAIR VALUE DISCLOSURES, Fair Value of Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Oct. 31, 2019
Mar. 31, 2019
Fair Value Disclosures [Abstract]      
Debt component - net carrying value $ 561,124   $ 1,448,624
Fair value of total debt 505,038 $ 586,400 942,956
Adjusted debt amount as the effective date. 57,700    
Unamortized discount 50,700    
Lombard Debt      
Fair Value Disclosures [Abstract]      
Fair value of total debt 145,300    
Macquarie Debt      
Fair Value Disclosures [Abstract]      
Fair value of total debt 151,500    
PK Air Debt      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value 230,000    
Fair value of total debt 206,100    
Senior Notes | 8.75% Senior Secured Notes      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value [1],[2] 0   347,400
Fair value of total debt [1],[2] 0   252,000
Unamortized discount     2,600
Senior Notes | 6.25% Senior Notes      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value [2] 0   401,535
Fair value of total debt [2] 0   75,288
Convertible Debt | 4.5% Convertible Senior Notes      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value [2],[3] 0   112,944
Fair value of total debt [2],[3] 0   28,923
Unamortized discount     30,806
Term Loan      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value 61,500   0
Fair value of total debt 56,894   0
Secured Debt | Lombard Debt      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value [4] 136,180   183,450
Fair value of total debt [4] 122,165   183,450
Unamortized discount 26,400    
Secured Debt | Macquarie Debt      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value [4] 148,165   171,028
Fair value of total debt [4] 138,133   171,028
Unamortized discount 11,100    
Secured Debt | PK Air Debt      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value [4] 207,326   212,041
Fair value of total debt [4] 180,290   212,041
Unamortized discount 12,600    
Other Debt | Airnorth Debt      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value [4] 7,618   11,058
Fair value of total debt [4] 7,221   11,058
Unamortized discount 600    
Other Debt | Humberside Debt      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value 335   0
Fair value of total debt 335   0
Other Debt | Other Debt      
Fair Value Disclosures [Abstract]      
Debt component - net carrying value 0   9,168
Fair value of total debt $ 0   $ 9,168
[1] The carrying value is net of unamortized discount of $2.6 million as of March 31, 2019 (Predecessor).
[2] These debt instruments were settled in accordance with the Plan. See Note 8 for further details.
[3] The carrying value is net of unamortized discount of $30.8 million as of March 31, 2019 (Predecessor).
[4] In connection with the Company's emergence from bankruptcy and the application of ASC 852, the Company adjusted debt to its respective fair value at the Effective Date by a reduction of $57.7 million. The unamortized discounts as of March 31, 2020 (Successor) were as follows: $26.4 million for the Lombard Debt, $11.1 million for the Macquarie Debt, $12.6 million for the PK Air Debt and $0.6 million for the Airnorth Debt.