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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
REVENUE    
Interest income $ 7,579 $ 12,938
Gain on sale of leased equipment 3,133 5,975
Gain on sale of financial assets 3,116 10,874
Total revenue 311,927 274,202
EXPENSES    
Depreciation and amortization expense 88,260 90,504
Cost of spare parts and equipment sales 20,833 14,927
Write-down of equipment 21,849 7,715
General and administrative 92,530 75,350
Technical expense 14,415 9,381
Net finance costs:    
Interest expense 66,743 67,985
Gain on debt extinguishment (2,558) 0
Total net finance costs 64,185 67,985
Total expenses 302,072 265,862
Income from operations 9,855 8,340
(Loss) Income from joint ventures (62) 800
Income before income taxes 9,793 9,140
Income tax expense 4,354 5,788
Net income 5,439 3,352
Preferred stock dividends 3,250 3,251
Accretion of preferred stock issuance costs 84 83
Net income attributable to common shareholders $ 2,105 $ 18
Basic weighted average earnings per common share (in dollars per share) $ 0.35 $ 0
Diluted weighted average earnings per common share (in dollars per share) $ 0.33 $ 0
Basic weighted average common shares outstanding (in shares) 6,071 6,112
Diluted weighted average common shares outstanding (in shares) 6,297 6,346
Lease rent revenue    
REVENUE    
Leasing and maintenance reserve revenue $ 162,571 $ 134,831
Maintenance reserve revenue    
REVENUE    
Leasing and maintenance reserve revenue 83,424 73,961
Spare parts and equipment sales    
REVENUE    
Other sales and revenues 27,009 17,417
Asset transition fee    
REVENUE    
Other sales and revenues 0 6,256
Other revenue    
REVENUE    
Other sales and revenues $ 25,095 $ 11,950