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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 1,535 $ 14,508 $ 12,050
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 52,591 51,250 48,704
Write-down of equipment 5,874 3,341 2,874
Stock-based compensation expenses 3,144 3,173 2,678
Amortization of deferred costs 3,982 4,544 5,246
Amortization of loan discount 341 532 594
Amortization of interest rate derivative cost (236) 483 2,956
Allowances and provisions 503 54 (44)
Gain on sale of leased equipment (5,499) (11,110) (7,990)
Gain on non-monetary exchange (1,961)    
Gain on insurance settlement (173)    
Gain on sale of interest in joint venture     (2,020)
Other non-cash items   (1,113)  
Income from joint ventures, net of distributions (957) (485) (160)
Non-cash portion of loss on debt extinguishment and derivatives termination 7,164 343  
Deferred income taxes 1,161 9,377 7,630
Changes in assets and liabilities:      
Receivables (4,985) 385 (3,045)
Notes receivable 542 205 196
Other assets (1,256) (4,507) (3,108)
Accounts payable and accrued expenses (5,936) (2,021) 3,733
Restricted cash 1,694 2,515 (17,383)
Maintenance reserves 8,804 4,067 3,690
Security deposits 678 552 245
Unearned lease revenue 301 569 (213)
Net cash provided by operating activities 67,311 76,662 56,633
Cash flows from investing activities:      
Proceeds from sale of equipment held (net of selling expenses) 34,607 110,777 63,777
Proceeds from sale of interest in joint venture     3,500
Restricted cash for investing activities 1,754 (1,754)  
Investment in joint ventures (5,636) (8,943)  
Purchase of equipment held for operating lease (61,464) (144,334) (121,509)
Purchase of property, equipment and furnishings (1,219) (904) (399)
Net cash used in investing activities (31,958) (45,158) (54,631)
Cash flows from financing activities:      
Proceeds from issuance of notes payable 603,693 132,409 174,841
Debt issuance cost (11,949) (3,691) (268)
Preferred stock dividends (2,493) (3,128) (3,128)
Proceeds from shares issued under stock compensation plans 1,725 672 1,269
Cancellation of restricted stock units in satisfaction of withholding tax (1,194) (968) (776)
Excess tax benefit from stock-based compensation   779 422
Redemption of preferred stock (34,750)    
Repurchase of common stock (12,736) (5,661) (4,156)
Cash settlement of stock options   (1,262)  
Principal payments on notes payable (626,923) (146,439) (170,037)
Decrease in restricted cash 48,213    
Net cash used in financing activities (36,414) (27,289) (1,833)
Increase/(Decrease) in cash and cash equivalents (1,061) 4,215 169
Cash and cash equivalents at beginning of period 6,440 2,225 2,056
Cash and cash equivalents at end of period 5,379 6,440 2,225
Net cash paid for:      
Interest 21,528 20,063 17,629
Income Taxes 105 155 549
Supplemental disclosures of non-cash investing activities:      
Purchase of aircraft and engines, liability incurred but not paid 2,402 0 6,099
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled $ 22,935 $ 17,067 $ 70,000