Airtran 2007 Annual Report Download - page 60

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54
54
Outstanding financial derivative instruments expose us to credit loss in the event of nonperformance by the counterparties to
the agreements. However, management does not expect any of the counterparties to fail to meet their obligations. The credit
exposure related to these financial instruments is represented by the fair value of contracts reported as assets. To manage
credit risk, we select and periodically review counterparties based on credit ratings. We are required to provide the
counterparties with collateral when the fair value of our obligation exceeds specified amounts. As of December 31, 2007, we
were required to provide the counterparties with collateral, which is classified as restricted cash, aggregating $5.9 million.
Note 4 – Other Assets and Accrued and Other Liabilities
The components of other assets were (in thousands):
Decembe
r
31
,
2007 2006
Aircraft maintenance deposits......................................................................
.
$ 49,447 $ 33,878
Deposits......................................................................................................
.
13,789 13,308
Other ..........................................................................................................
.
4,109 3,790
Other assets.................................................................................................
.
$ 67,345 $ 50,976
The components of accrued and other liabilities were (in thousands):
Decembe
r
31
,
2007 2006
Accrued interest ........................................................................................... $ 27,434 $ 25,386
Accrued salaries, wages and benefits ............................................................ 47,963 42,279
Unremitted passenger taxes and fees............................................................. 30,050 24,456
Other ........................................................................................................... 32,449 28,532
Accrued and other liabilities ......................................................................... $137,896 $120,653