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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 1,610 $ 3,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 13,610 12,506
Write-down of equipment   282
Stock-based compensation expenses 783 751
Amortization of deferred costs 1,049 967
Amortization of loan discount   124
Amortization of interest rate derivative cost (96) (55)
Allowances and provisions (52) (18)
Gain on sale of leased equipment (686) (2,608)
Income from joint ventures, net of distributions (93) (258)
Deferred income taxes 1,007 2,086
Changes in assets and liabilities:    
Receivables 3,041 1,373
Other assets 6 (2,973)
Accounts payable and accrued expenses 144 (1,377)
Restricted cash (5,695) (9,847)
Maintenance reserves 3,679 3,128
Security deposits (186) 245
Unearned lease revenue 430 293
Net cash provided by operating activities 18,551 7,908
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 3,166 24,075
Restricted cash for investing activities (2,207) 31
Capital contribution to joint ventures (6,146) (1,868)
Purchase of equipment held for operating lease (79,576) (14,307)
Purchase of property, equipment and furnishings (31) (966)
Net cash (used in) provided by investing activities (84,794) 6,965
Cash flows from financing activities:    
Proceeds from issuance of notes payable 69,000 20,000
Debt issuance cost (570) (144)
Interest bearing security deposits 3,035  
Preferred stock dividends   (782)
Proceeds from shares issued under stock compensation plans 230 291
Cancellation of restricted stock units in satisfaction of withholding tax (263) (232)
Excess tax benefit from stock-based compensation   213
Repurchase of common stock (358) (1,793)
Principal payments on notes payable (8,853) (33,265)
Net cash provided by (used in) financing activities 62,221 (15,712)
Decrease in cash and cash equivalents (4,022) (839)
Cash and cash equivalents at beginning of period 5,379 6,440
Cash and cash equivalents at end of period 1,357 5,601
Net cash paid for:    
Interest 8,140 4,713
Income Taxes   17
Supplemental disclosures of non-cash investing activities:    
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled $ 2,141 $ 4,429