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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUE    
Lease rent revenue $ 26,900 $ 24,487
Maintenance reserve revenue 14,030 9,229
Gain on sale of leased equipment 309 686
Other revenue 1,761 902
Total revenue 43,000 35,304
EXPENSES    
Depreciation and amortization expense 15,710 13,610
Write-down of equipment 295  
General and administrative 9,685 8,269
Technical expense 1,520 1,674
Net finance costs 9,359 9,227
Total expenses 36,569 32,780
Earnings from operations 6,431 2,524
Earnings from joint ventures 305 93
Income before income taxes 6,736 2,617
Income tax expense (2,405) (1,007)
Net income $ 4,331 $ 1,610
Basic earnings per common share: (in dollars per share) $ 0.55 $ 0.20
Diluted earnings per common share: (in dollars per share) $ 0.53 $ 0.19
Average common shares outstanding (in shares) 7,914 8,033
Diluted average common shares outstanding (in shares) 8,129 8,273