XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 4,340 $ 5,379
Restricted cash 35,336 24,591
Equipment held for operating lease, less accumulated depreciation of $263,776 and $242,529 at June 30, 2013 and December 31, 2012, respectively 1,015,298 961,459
Equipment held for sale 22,786 23,607
Operating lease related receivable, net of allowances of $384 and $980 at June 30, 2013 and December 31, 2012, respectively 8,774 12,916
Investments 31,451 21,831
Property, equipment & furnishings, less accumulated depreciation of $8,135 and $7,087 at June 30, 2013 and December 31, 2012, respectively 5,316 5,989
Equipment purchase deposits 1,369 1,369
Other assets 20,905 21,574
Total assets 1,145,575 1,078,715
Liabilities:    
Accounts payable and accrued expenses 18,334 15,374
Liabilities under derivative instruments 781 1,690
Deferred income taxes 83,677 90,248
Notes payable 744,498 696,988
Maintenance reserves 70,493 63,313
Security deposits 10,974 6,956
Unearned lease revenue 4,130 4,593
Total liabilities 932,887 879,162
Shareholders' equity:    
Common stock ($0.01 par value, 20,000,000 shares authorized; 8,860,643 and 8,715,580 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively) 89 87
Paid-in capital in excess of par 49,166 47,785
Retained earnings 164,213 152,911
Accumulated other comprehensive loss, net of income tax benefit of $391 and $651 at June 30, 2013 and December 31, 2012, respectively (780) (1,230)
Total shareholders' equity 212,688 199,553
Total liabilities and shareholders' equity $ 1,145,575 $ 1,078,715