$HRBR
HARBOR DIVERSIFIED, INC.

2022 Q2 Form 10-Q Financial Statement

#000119312522217505 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $77.93M $66.97M $73.06M
YoY Change 47.43% 34.56% -2.3%
Cost Of Revenue $19.88M $18.32M $22.31M
YoY Change 26.34% 28.47% 60.31%
Gross Profit $58.05M $48.66M $50.75M
YoY Change 56.37% 37.0% -16.62%
Gross Profit Margin 74.48% 72.65% 69.46%
Selling, General & Admin $29.35M $28.21M $31.68M
YoY Change 11.71% 19.18% 38.11%
% of Gross Profit 50.57% 57.98% 62.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.218M $6.644M $6.983M
YoY Change -0.45% 2.22% 4.71%
% of Gross Profit 10.71% 13.65% 13.76%
Operating Expenses $55.91M $34.86M $38.66M
YoY Change 112.94% 111.04% 30.58%
Operating Profit $22.02M $13.80M $12.09M
YoY Change -17.23% -58.5% -61.33%
Interest Expense $0.00 -$1.849M -$485.0K
YoY Change -100.0% -610.77% 736.21%
% of Operating Profit 0.0% -13.4% -4.01%
Other Income/Expense, Net -$2.223M $210.0K $1.862M
YoY Change -575.0% -528.57%
Pretax Income $19.80M $12.16M $13.46M
YoY Change -26.87% -63.38% -65.78%
Income Tax $4.717M $2.898M $2.861M
% Of Pretax Income 23.83% 23.83% 21.25%
Net Earnings $15.08M $9.263M $10.60M
YoY Change -26.51% -63.28% -70.37%
Net Earnings / Revenue 19.35% 13.83% 14.51%
Basic Earnings Per Share $0.32 $0.19
Diluted Earnings Per Share $0.24 $143.5K $150.2K
COMMON SHARES
Basic Shares Outstanding 46.52K 47.64K
Diluted Shares Outstanding 63.02K 64.54K

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.8M $161.8M $175.5M
YoY Change 3.57% 12.32% 34.64%
Cash & Equivalents $24.49M $25.57M $37.17M
Short-Term Investments $133.3M $136.2M $138.4M
Other Short-Term Assets $2.514M $2.909M $6.141M
YoY Change -64.62% -35.37% 72.35%
Inventory $4.729M $5.114M $5.200M
Prepaid Expenses $1.640M $1.834M $4.174M
Receivables $79.30M $66.76M $7.422M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $244.3M $236.5M $194.3M
YoY Change 38.54% 31.96% 31.42%
LONG-TERM ASSETS
Property, Plant & Equipment $114.6M $136.4M $124.7M
YoY Change -26.95% -4.61% -16.56%
Goodwill
YoY Change
Intangibles $5.300M $5.300M $5.300M
YoY Change 0.0% 0.0%
Long-Term Investments $4.275M $4.275M $4.275M
YoY Change 0.0% 0.0% 0.0%
Other Assets $28.09M $2.421M $80.44M
YoY Change 774.66% -96.47% 51.17%
Total Long-Term Assets $142.7M $148.4M $205.1M
YoY Change -33.76% -29.88% 1.23%
TOTAL ASSETS
Total Short-Term Assets $244.3M $236.5M $194.3M
Total Long-Term Assets $142.7M $148.4M $205.1M
Total Assets $387.0M $384.9M $399.4M
YoY Change -1.22% -1.52% 13.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.57M $15.80M $20.06M
YoY Change 38.29% 27.58% 70.39%
Accrued Expenses $18.46M $17.89M $20.21M
YoY Change -1.55% 1.45% 22.71%
Deferred Revenue $4.961M $6.917M $8.098M
YoY Change -73.76% -56.09%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.310M $5.845M $5.880M
YoY Change -36.31% -79.29% -75.14%
Total Short-Term Liabilities $82.29M $87.30M $90.04M
YoY Change -5.25% 2.14% 27.82%
LONG-TERM LIABILITIES
Long-Term Debt $57.05M $65.39M $61.67M
YoY Change -27.23% -26.47% -34.52%
Other Long-Term Liabilities $2.662M $12.18M $2.722M
YoY Change -94.22% 335.24% -1.87%
Total Long-Term Liabilities $72.94M $77.56M $90.60M
YoY Change -41.37% -48.49% -39.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.29M $87.30M $90.04M
Total Long-Term Liabilities $72.94M $77.56M $90.60M
Total Liabilities $155.2M $165.5M $180.6M
YoY Change -28.67% -29.88% -18.16%
SHAREHOLDERS EQUITY
Retained Earnings -$54.80M -$77.94M -$79.14M
YoY Change -46.81% -53.92%
Common Stock $555.0K $555.0K $555.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.21M $10.76M $3.280M
YoY Change 2137.42% 581.91%
Treasury Stock Shares
Shareholders Equity $218.6M $206.2M $205.6M
YoY Change
Total Liabilities & Shareholders Equity $387.0M $384.9M $399.4M
YoY Change -1.22% -1.52% 13.97%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $15.08M $9.263M $10.60M
YoY Change -26.51% -63.28% -70.37%
Depreciation, Depletion And Amortization $6.218M $6.644M $6.983M
YoY Change -0.45% 2.22% 4.71%
Cash From Operating Activities $5.348M -$1.788M $11.38M
YoY Change -85.91% -112.13% -18.01%
INVESTING ACTIVITIES
Capital Expenditures -$2.522M -$1.210M -$2.288M
YoY Change 31425.0% -842.33% -647.37%
Acquisitions
YoY Change
Other Investing Activities -$723.0K -$228.0K -$12.86M
YoY Change -99.27% -98.86% -143033.33%
Cash From Investing Activities -$3.245M -$1.438M -$15.15M
YoY Change -96.71% -92.87% -3648.48%
FINANCING ACTIVITIES
Cash Dividend Paid $198.0K
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $595.0K
YoY Change -15.0%
Cash From Financing Activities -3.245M -9.244M -2.404M
YoY Change -88.91% 929.4% -46.55%
NET CHANGE
Cash From Operating Activities 5.348M -1.788M 11.38M
Cash From Investing Activities -3.245M -1.438M -15.15M
Cash From Financing Activities -3.245M -9.244M -2.404M
Net Change In Cash -1.142M -12.47M -6.172M
YoY Change -98.73% 97.59% -162.9%
FREE CASH FLOW
Cash From Operating Activities $5.348M -$1.788M $11.38M
Capital Expenditures -$2.522M -$1.210M -$2.288M
Free Cash Flow $7.870M -$578.0K $13.67M
YoY Change -79.27% -103.96% 1.53%

Facts In Submission

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HARBOR DIVERSIFIED, INC.
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CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
68000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
901000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
68000
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2223000
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
468000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3862000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
419000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19798000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27072000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31959000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
60280000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4717000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6551000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7615000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14534000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
15081000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
20521000
us-gaap Net Income Loss
NetIncomeLoss
24344000
us-gaap Net Income Loss
NetIncomeLoss
45746000
CY2022Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
198000
CY2021Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
198000
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
396000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14883000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20323000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23948000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45350000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46519
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54466
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47075
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54664
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63019
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71455
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63773
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71613
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
205560000
us-gaap Net Income Loss
NetIncomeLoss
24344000
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
396000
hrbr Cancellation Of Stock Option
CancellationOfStockOption
-969000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9934000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
218605000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
206174000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
15081000
CY2022Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
198000
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2452000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
218605000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
116525000
us-gaap Net Income Loss
NetIncomeLoss
45746000
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
396000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
888000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
160987000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
141552000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
20521000
CY2021Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
198000
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
888000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
160987000
us-gaap Profit Loss
ProfitLoss
24344000
us-gaap Profit Loss
ProfitLoss
45746000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13318000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12999000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-2383000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-1346000
hrbr Amortization Of Engine Overhauls
AmortizationOfEngineOverhauls
724000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-118000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
148000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-38000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-42000
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-6025000
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-14000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
228000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16697000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3530000
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
7609000
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
12971000
us-gaap Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
159000
us-gaap Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
-462000
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-4623000
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
4523000
hrbr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-54000
hrbr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-173000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1486000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1658000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1728000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1257000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
24000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-20000
hrbr Deferred Long Term Revenue
DeferredLongTermRevenue
-9046000
hrbr Deferred Long Term Revenue
DeferredLongTermRevenue
-5282000
hrbr Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
2080000
hrbr Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
636000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-8292000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
20634000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
3487000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-107000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-60000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3560000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
52700000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3732000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
171000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
958000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
160790000
hrbr Proceeds From Marketable Securities
ProceedsFromMarketableSecurities
42222000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4683000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-118728000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1190000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
28873000
us-gaap Payments Of Dividends
PaymentsOfDividends
396000
us-gaap Payments Of Dividends
PaymentsOfDividends
396000
hrbr Paymentforcancellationofstockoptions
Paymentforcancellationofstockoptions
969000
hrbr Paymentforcancellationofstockoptions
Paymentforcancellationofstockoptions
0
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9934000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
888000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12489000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30157000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13612000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-96185000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38619000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
131193000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25007000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35008000
CY2022Q2 hrbr Revenue From Contract With Customers Amount Of Consideration Receivable Due For Settlement
RevenueFromContractWithCustomersAmountOfConsiderationReceivableDueForSettlement
10462000
CY2022Q2 hrbr Payments For Proceeds From Incentives And Penalties
PaymentsForProceedsFromIncentivesAndPenalties
2530000
CY2021Q2 hrbr Payments For Proceeds From Incentives And Penalties
PaymentsForProceedsFromIncentivesAndPenalties
1340000
hrbr Payments For Proceeds From Incentives And Penalties
PaymentsForProceedsFromIncentivesAndPenalties
3307000
hrbr Payments For Proceeds From Incentives And Penalties
PaymentsForProceedsFromIncentivesAndPenalties
3159000
CY2022Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
27470000
CY2020 hrbr Cash Paid
CashPaid
670000
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
11048000
CY2021Q4 hrbr Cash Received From United For The Opening Of A Crew Base
CashReceivedFromUnitedForTheOpeningOfACrewBase
294000
CY2022Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
14588000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
20909000
CY2022Q2 hrbr Revenue Performance Obligation
RevenuePerformanceObligation
4099000
hrbr Revenue Performance Obligation
RevenuePerformanceObligation
7608000
CY2021Q2 hrbr Revenue Performance Obligation
RevenuePerformanceObligation
5736000
hrbr Revenue Performance Obligation
RevenuePerformanceObligation
12972000
CY2022Q2 hrbr Longterm Notes Receivable
LongtermNotesReceivable
55177000
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.045
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-02-28
CY2022Q2 us-gaap Interest Receivable
InterestReceivable
3303000
us-gaap Lease Cost
LeaseCost
3270000
us-gaap Lease Cost
LeaseCost
2252000
CY2022Q2 hrbr Operating Leases Rent Expense
OperatingLeasesRentExpense
1657000
CY2021Q2 hrbr Operating Leases Rent Expense
OperatingLeasesRentExpense
1307000
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
516000
CY2022Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
133303000
CY2022Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-3602000
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-6025000
CY2022Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0
CY2022Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-3602000
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-6025000
CY2021Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
43000
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-14000
CY2021Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-40000
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-40000
CY2021Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
83000
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
26000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Depreciation
Depreciation
6218000
us-gaap Depreciation
Depreciation
12433000
CY2021Q2 us-gaap Depreciation
Depreciation
6246000
us-gaap Depreciation
Depreciation
12495000
hrbr Operating Leases Rent Expense
OperatingLeasesRentExpense
3270000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Estimates and Assumptions </div></div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. </div></div>
CY2022Q2 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
137578000
CY2021Q2 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
122559000
us-gaap Reclassifications
Reclassifications
<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Reclassification </div></div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="background-color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;;display:inline;">Certain operating expenses previously recorded in purchased services and other in the consolidated statements of operations in the amounts of $2,462 and $5,080, for the three and six months ended June 30, 2021, respectively, have been reclassified to aircraft maintenance, materials and repairs to </div><br/> <div style="background-color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;;display:inline;">conform to the presentation for the three and six month periods ended June 30, 2022, with no effect on net income. The reclassification relates to certain third party maintenance activities. </div></div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Certain current liabilities previously recorded in contract liabilities in the consolidated balance sheets as of December 31, 2021 have been reclassified to deferred revenue to conform to the presentation as of June 30, 2022. As a result of this change, the consolidated statements of cash flows also required a reclassification from contract liabilities to deferred revenues in the <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Cash Flows from Operating Activities</div></div> section of the consolidated statements of cash flows. </div>
hrbr Operating Leases Rent Expense
OperatingLeasesRentExpense
2252000
us-gaap Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
0.15091
hrbr Percentage Of The Diluted Capital Stock
PercentageOfTheDilutedCapitalStock
0.264
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
9310000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5880000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
57050000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
61670000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4690000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
9170000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
8890000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
43610000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
66360000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16005000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5103000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8304000
us-gaap Operating Lease Payments
OperatingLeasePayments
2960000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0544
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1472000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1110000
us-gaap Operating Lease Cost
OperatingLeaseCost
2946000
us-gaap Operating Lease Cost
OperatingLeaseCost
1876000
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
125000
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
163000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
229000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
309000
CY2022Q2 hrbr Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
60000
CY2021Q2 hrbr Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
34000
hrbr Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
95000
hrbr Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
67000
CY2022Q2 us-gaap Lease Cost
LeaseCost
1657000
CY2021Q2 us-gaap Lease Cost
LeaseCost
1307000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3032000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5832000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3356000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2645000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
147000
CY2022Q2 hrbr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
511000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15523000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2116000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
13407000
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
19571000
CY2022Q2 hrbr Number Of Outstanding Letter Of Credit
NumberOfOutstandingLetterOfCredit
6
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15523000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3032000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5832000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3356000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2645000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
147000
CY2022Q2 hrbr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
511000
CY2022Q2 us-gaap Contractual Obligation
ContractualObligation
81883000
CY2022Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
7722000
CY2022Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
15002000
CY2022Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
12246000
CY2022Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
46255000
CY2022Q2 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
147000
CY2022Q2 hrbr Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
511000
CY2022Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
0.8
hrbr Annual Recurring Fee Payable Monthly Pursuant To Service Agreement
AnnualRecurringFeePayableMonthlyPursuantToServiceAgreement
150000
CY2022Q2 us-gaap Payment For Management Fee
PaymentForManagementFee
38000
us-gaap Payment For Management Fee
PaymentForManagementFee
75000
CY2021Q2 us-gaap Payment For Management Fee
PaymentForManagementFee
38000
us-gaap Payment For Management Fee
PaymentForManagementFee
38000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
15081000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
20521000
us-gaap Net Income Loss
NetIncomeLoss
24344000
us-gaap Net Income Loss
NetIncomeLoss
45746000
CY2022Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
198000
CY2021Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
198000
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
396000
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
396000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14883000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20323000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23948000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45350000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46519
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54466
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47075
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54664
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
489
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
198
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
449
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
16500
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
16500
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
16500
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
16500
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63019
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71455
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63773
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71613
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Interest Paid Net
InterestPaidNet
1190000
us-gaap Interest Paid Net
InterestPaidNet
2022000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1981000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17784000
us-gaap Operating Lease Payments
OperatingLeasePayments
2960000
us-gaap Operating Lease Payments
OperatingLeasePayments
1761000
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
5300000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
5300000
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5300000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5300000

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