2023 Q1 Form 10-K Financial Statement

#000119312523088392 Filed on April 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $59.13M $67.55M $280.9M
YoY Change -11.71% -7.54% 13.44%
Cost Of Revenue $23.89M $23.20M $82.26M
YoY Change 30.44% 4.0% 17.65%
Gross Profit $35.24M $44.35M $198.6M
YoY Change -27.58% -12.62% 11.79%
Gross Profit Margin 59.59% 65.65% 70.71%
Selling, General & Admin $31.36M $30.43M $116.4M
YoY Change 11.16% -3.95% 3.7%
% of Gross Profit 89.0% 68.62% 58.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.357M $6.370M $26.33M
YoY Change -4.32% -8.78% -0.85%
% of Gross Profit 18.04% 14.36% 13.26%
Operating Expenses $61.61M $36.80M $225.0M
YoY Change 76.75% -4.82% 62.09%
Operating Profit -$2.480M $7.545M $55.87M
YoY Change -117.97% -37.57% 43.79%
Interest Expense $1.000K $5.867M $3.000K
YoY Change -100.05% -1309.69% -84.21%
% of Operating Profit 77.76% 0.01%
Other Income/Expense, Net $3.092M -$1.797M -$1.763M
YoY Change 1372.38% -196.51% -170.63%
Pretax Income $612.0K $11.62M $54.10M
YoY Change -94.97% -13.72% -54.17%
Income Tax -$270.0K $4.871M $14.99M
% Of Pretax Income -44.12% 41.94% 27.71%
Net Earnings $882.0K $6.546M $39.11M
YoY Change -90.48% -38.25% -57.78%
Net Earnings / Revenue 1.49% 9.69% 13.92%
Basic Earnings Per Share $0.01 $0.83
Diluted Earnings Per Share $0.01 $0.11 $0.61
COMMON SHARES
Basic Shares Outstanding 44.81M 46.36K
Diluted Shares Outstanding 61.48K 62.96K

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $178.8M $187.2M $187.2M
YoY Change 10.55% 6.62% 6.62%
Cash & Equivalents $22.51M $33.33M $33.33M
Short-Term Investments $156.3M $153.8M $153.8M
Other Short-Term Assets $4.344M $4.724M $4.724M
YoY Change 49.33% -23.07% -23.07%
Inventory $4.978M $4.579M $4.579M
Prepaid Expenses $3.512M $3.732M
Receivables $1.235M $2.307M $59.79M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $250.4M $256.3M $256.3M
YoY Change 5.85% 31.88% 31.88%
LONG-TERM ASSETS
Property, Plant & Equipment $97.05M $102.3M $115.7M
YoY Change -28.83% -17.97% -19.25%
Goodwill
YoY Change
Intangibles $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 $23.61M $24.13M $1.077M
YoY Change 875.01% -70.0% -76.18%
Total Long-Term Assets $120.7M $126.4M $126.4M
YoY Change -18.67% -38.38% -38.38%
TOTAL ASSETS
Total Short-Term Assets $250.4M $256.3M $256.3M
Total Long-Term Assets $120.7M $126.4M $126.4M
Total Assets $371.0M $382.6M $382.6M
YoY Change -3.6% -4.19% -4.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.95M $20.17M $20.17M
YoY Change 32.62% 0.52% 0.52%
Accrued Expenses $19.53M $18.22M $18.22M
YoY Change 9.18% -9.85% -9.85%
Deferred Revenue $1.120M $1.985M
YoY Change -83.81% -75.49%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.084M $9.154M $9.154M
YoY Change 55.41% 55.68% 55.68%
Total Short-Term Liabilities $56.53M $66.08M $66.08M
YoY Change -35.25% -26.61% -26.61%
LONG-TERM LIABILITIES
Long-Term Debt $51.58M $52.07M $56.34M
YoY Change -21.11% -15.57% -14.56%
Other Long-Term Liabilities $1.659M $1.977M $7.826M
YoY Change -86.38% -27.37% -67.35%
Total Long-Term Liabilities $70.45M $72.16M $64.17M
YoY Change -9.17% -20.36% -28.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.53M $66.08M $66.08M
Total Long-Term Liabilities $70.45M $72.16M $64.17M
Total Liabilities $127.0M $138.2M $138.2M
YoY Change -23.29% -23.47% -23.47%
SHAREHOLDERS EQUITY
Retained Earnings -$39.15M -$40.03M
YoY Change -49.77% -49.42%
Common Stock $555.0K $555.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.96M $14.98M
YoY Change 48.33% 356.8%
Treasury Stock Shares
Shareholders Equity $230.9M $231.2M $244.4M
YoY Change
Total Liabilities & Shareholders Equity $371.0M $382.6M $382.6M
YoY Change -3.6% -4.19% -4.19%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $882.0K $6.546M $39.11M
YoY Change -90.48% -38.25% -57.78%
Depreciation, Depletion And Amortization $6.357M $6.370M $26.33M
YoY Change -4.32% -8.78% -0.85%
Cash From Operating Activities -$6.661M $44.87M $45.03M
YoY Change 272.54% 294.13% -52.2%
INVESTING ACTIVITIES
Capital Expenditures $1.817M $2.550M $5.513M
YoY Change -250.17% -211.45% -251.58%
Acquisitions
YoY Change
Other Investing Activities -$736.0K -$22.31M -$24.22M
YoY Change 222.81% 73.41% -82.64%
Cash From Investing Activities -$2.553M -$24.86M -$29.73M
YoY Change 77.54% 64.06% -79.23%
FINANCING ACTIVITIES
Cash Dividend Paid $252.0K $792.0K
YoY Change 27.27% 0.0%
Common Stock Issuance & Retirement, Net $11.70M
YoY Change -518.11%
Debt Paid & Issued, Net $556.0K $6.275M
YoY Change -6.55% -84.34%
Cash From Financing Activities -1.788M -5.259M -19.74M
YoY Change -80.66% 118.76% -54.78%
NET CHANGE
Cash From Operating Activities -6.661M 44.87M 45.03M
Cash From Investing Activities -2.553M -24.86M -29.73M
Cash From Financing Activities -1.788M -5.259M -19.74M
Net Change In Cash -11.00M 14.75M -4.437M
YoY Change -11.77% -339.0% -95.21%
FREE CASH FLOW
Cash From Operating Activities -$6.661M $44.87M $45.03M
Capital Expenditures $1.817M $2.550M $5.513M
Free Cash Flow -$8.478M $42.32M $39.52M
YoY Change 1366.78% 209.52% -59.61%

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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
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CY2021 us-gaap Stock Redeemed Or Called During Period Value
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CY2021Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Dividends Preferred Stock Stock
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CY2022 hrbr Adjustments To Additional Paid In Capital Repurchase Of Stock Options
AdjustmentsToAdditionalPaidInCapitalRepurchaseOfStockOptions
-969000
CY2022 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
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CY2022Q4 us-gaap Stockholders Equity
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39110000
CY2021 us-gaap Profit Loss
ProfitLoss
92626000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26327000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26552000
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-4385000
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-3593000
CY2022 hrbr Amortization Of Engine Overhauls
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2757000
CY2021 hrbr Amortization Of Engine Overhauls
AmortizationOfEngineOverhauls
1901000
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
7954000
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-6045000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-181000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
298000
CY2022 us-gaap Marketable Securities Gain Loss
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-8826000
CY2021 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-1158000
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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53000
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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10363000
CY2022 us-gaap Increase Decrease In Accounts Receivable
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32919000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022 us-gaap Increase Decrease In Notes Receivable Current
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-28116000
CY2021 us-gaap Increase Decrease In Notes Receivable Current
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15128000
CY2022 us-gaap Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
324000
CY2021 us-gaap Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
433000
CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
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-3353000
CY2021 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
3803000
CY2022 hrbr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-112000
CY2021 hrbr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-218000
CY2022 us-gaap Increase Decrease In Accounts Payable
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105000
CY2021 us-gaap Increase Decrease In Accounts Payable
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8287000
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
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CY2021 us-gaap Increase Decrease In Employee Related Liabilities
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124000
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-35000
CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-173000
CY2022 hrbr Deferred Long Term Revenue
DeferredLongTermRevenue
-9046000
CY2021 hrbr Deferred Long Term Revenue
DeferredLongTermRevenue
-21674000
CY2022 hrbr Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
3054000
CY2021 hrbr Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
707000
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-19231000
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
23293000
CY2022 us-gaap Increase Decrease In Income Taxes
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0
CY2021 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-107000
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-864000
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
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84000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
45034000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
94213000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5513000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3637000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
64000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30000
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
24283000
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
267157000
CY2022 hrbr Proceeds From Marketable Securities
ProceedsFromMarketableSecurities
0
CY2021 hrbr Proceeds From Marketable Securities
ProceedsFromMarketableSecurities
127629000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29732000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-143135000
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6275000
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
40061000
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
792000
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
792000
CY2022 hrbr Payments For Repurchase Of Stock Options
PaymentsForRepurchaseOfStockOptions
969000
CY2021 hrbr Payments For Repurchase Of Stock Options
PaymentsForRepurchaseOfStockOptions
0
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11703000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2799000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19739000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43652000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4437000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-92574000
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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34182000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38619000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16148000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
24239000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2375000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
13773000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
24239000
CY2022Q4 hrbr Revenue From Contract With Customers Amount Of Consideration Receivable Due For Settlement
RevenueFromContractWithCustomersAmountOfConsiderationReceivableDueForSettlement
28071000
CY2022 hrbr Payments For Proceeds From Incentives And Penalties
PaymentsForProceedsFromIncentivesAndPenalties
6420000
CY2021 hrbr Payments For Proceeds From Incentives And Penalties
PaymentsForProceedsFromIncentivesAndPenalties
3028000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2307000
CY2022Q4 us-gaap Deferred Income
DeferredIncome
16561000
CY2021Q4 us-gaap Deferred Income
DeferredIncome
44838000
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
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
6517000
CY2022 hrbr Revenue Performance Obligation
RevenuePerformanceObligation
18023000
CY2021 hrbr Revenue Performance Obligation
RevenuePerformanceObligation
15128000
CY2022Q4 hrbr Undisputed Notes Receivables
UndisputedNotesReceivables
50126000
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
11048000
CY2022Q4 us-gaap Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
19452000
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.045
CY2022 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-02-28
CY2022Q4 us-gaap Interest Receivable
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335000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
20475000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
22607000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
849000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
1449000
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
153827000
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
138370000
CY2022 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-8826000
CY2021 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-1158000
CY2022 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0
CY2021 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
2000
CY2022 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-8826000
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-1160000
CY2022Q4 hrbr Deferred Tax Liabilities Operating Lease Right Of Use Of Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseOfAsset
1282000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
269788000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
169766000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
264399000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
143313000
CY2022 us-gaap Depreciation
Depreciation
24911000
CY2021 us-gaap Depreciation
Depreciation
24997000
CY2021Q4 hrbr Deferred Tax Liabilities Operating Lease Right Of Use Of Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseOfAsset
1663000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
6000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
124000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
21763000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
24394000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7990000
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
62000
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
57000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33300000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
800000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><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="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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>
CY2022Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
158102000
CY2021Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
142645000
CY2022 us-gaap Reclassifications
Reclassifications
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><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;">Reclassifications </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain operating expenses previously recorded in purchased services and other in the consolidated statements of operations in the amount of $12,403 for the year ended December 31, 2021, have been reclassified to aircraft maintenance, materials and repairs to conform to the presentation for the year ended December 31, 2022, with no effect on net income. The reclassification relates to certain third party maintenance activities. </div> <div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:center"/> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-operating</div> income previously recorded in other, net in the consolidated statements of operations in the amount of $2,496 for the year ended December 31, 2021, has been reclassified to interest income to conform to the presentation for the year ended December 31, 2022, with no effect on net income. The reclassification relates to income on marketable securities. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain current liabilities previously recorded in contract liabilities in the consolidated balance sheets as of December 31, 2021 have been reclassified to deferred revenue in the amount of $35,792 to conform to the presentation as of December 31, 2022. As a result of this change, the consolidated statements of cash flows also required a reclassification from contract liabilities in the amount of $35,792 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>
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
155000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.21
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6498000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
27084000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
541000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4382000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7039000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
31466000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6910000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5405000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1044000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-640000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7954000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6045000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14993000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25421000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
11362000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
24790000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1189000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2757000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
60000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
52000
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
2100000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2375000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2022 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
9000
CY2021 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
0
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-2000
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-78000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14993000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25421000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2375000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
5294000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
5647000
CY2022Q4 hrbr Deferred Tax Assets Net Operating Loss And Interest Expense Limitation Carryover State
DeferredTaxAssetsNetOperatingLossAndInterestExpenseLimitationCarryoverState
70000
CY2021Q4 hrbr Deferred Tax Assets Net Operating Loss And Interest Expense Limitation Carryover State
DeferredTaxAssetsNetOperatingLossAndInterestExpenseLimitationCarryoverState
21000
CY2022Q4 hrbr Deferred Tax Asset Deferred Accrued And Deferred Compensation
DeferredTaxAssetDeferredAccruedAndDeferredCompensation
1987000
CY2021Q4 hrbr Deferred Tax Asset Deferred Accrued And Deferred Compensation
DeferredTaxAssetDeferredAccruedAndDeferredCompensation
2562000
CY2022Q4 hrbr Deferred Tax Asset Deferred Prepaid Items
DeferredTaxAssetDeferredPrepaidItems
111000
CY2021Q4 hrbr Deferred Tax Asset Deferred Prepaid Items
DeferredTaxAssetDeferredPrepaidItems
891000
CY2022Q4 hrbr Deferred Tax Asset Deferred Lease Liability
DeferredTaxAssetDeferredLeaseLiability
694000
CY2021Q4 hrbr Deferred Tax Asset Deferred Lease Liability
DeferredTaxAssetDeferredLeaseLiability
1033000
CY2022Q4 hrbr Deferred Tax Asset Deferred Contract Liabilities
DeferredTaxAssetDeferredContractLiabilities
283000
CY2021Q4 hrbr Deferred Tax Asset Deferred Contract Liabilities
DeferredTaxAssetDeferredContractLiabilities
1215000
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
4094000
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
11328000
CY2022Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
2375000
CY2021Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
276000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1240000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1266000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
0.055
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
118000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
177000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
59000
CY2022Q4 us-gaap Unrecognized Tax Benefits
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123000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
118000
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
62000
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
57000
CY2022Q4 us-gaap Long Term Debt Current
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9154000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5880000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
52068000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
61670000
CY2025Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
70000000
CY2022Q4 hrbr Debt Future Undiscounted Interest Payments
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5622000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9154000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
8874000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
43194000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
61222000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13480000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5091000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5849000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
5881000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
4714000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y11M4D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0573
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
5862000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
4809000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
508000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
499000
CY2022 hrbr Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
212000
CY2021 hrbr Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
134000
CY2022 us-gaap Lease Cost
LeaseCost
6582000
CY2021 us-gaap Lease Cost
LeaseCost
5442000
CY2022 hrbr Operating Leases Rent Expense
OperatingLeasesRentExpense
6582000
CY2021 hrbr Operating Leases Rent Expense
OperatingLeasesRentExpense
5442000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5580000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3222000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2487000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
171000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
75000
CY2022Q4 hrbr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
357000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11892000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
952000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10940000
CY2022 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
47858000
CY2022Q4 hrbr Number Of Outstanding Letter Of Credit
NumberOfOutstandingLetterOfCredit
6
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11892000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5580000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3222000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2487000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
171000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
75000
CY2022Q4 hrbr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
357000
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
73114000
CY2022Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
14734000
CY2022Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
12096000
CY2022Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
45681000
CY2022Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
171000
CY2022Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
75000
CY2022Q4 hrbr Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
357000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3767000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4358000
CY2022 hrbr Annual Recurring Fee Payable Monthly Pursuant To Service Agreement
AnnualRecurringFeePayableMonthlyPursuantToServiceAgreement
150000
CY2022 us-gaap Payment For Management Fee
PaymentForManagementFee
150000
CY2021 us-gaap Payment For Management Fee
PaymentForManagementFee
113000
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
CY2022 us-gaap Net Income Loss
NetIncomeLoss
39110000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
92626000
CY2022 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
792000
CY2021 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
792000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
38318000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
91834000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46359
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54321
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
98
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
428
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
16500
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
16500
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62957
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71249
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2022Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
0.8
CY2022 us-gaap Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
0.15091
CY2022 hrbr Percentage Of The Diluted Capital Stock
PercentageOfTheDilutedCapitalStock
0.267
CY2022Q1 hrbr Share Based Arrangement Cash Payment For Stock Options Cancellation And Termination
ShareBasedArrangementCashPaymentForStockOptionsCancellationAndTermination
969000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2375000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
3337000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7925000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
33956000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33333000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37170000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
849000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
1449000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
34182000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
38619000
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
5300000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
5300000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5300000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5300000

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