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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUE                              
Lease rent revenue                         $ 107,866 $ 101,748 $ 101,737
Maintenance reserve revenue                         55,064 53,363 46,694
Gain on sale of leased equipment                         8,354 5,753 5,675
Other revenue                         2,718 4,506 4,306
Total revenue $ 55,195 $ 57,758 $ 43,843 $ 42,814 $ 41,563 $ 45,519 $ 43,865 $ 43,340 $ 47,203 $ 37,952 $ 37,953 $ 35,304 199,610 174,287 158,412
EXPENSES                              
Depreciation and amortization expense                         69,586 65,441 58,727
Cost Of Spare Parts and Equipment Sales                         17,866 7,474  
Write-down of equipment                         9,181 5,602 6,461
General and administrative                         42,744 35,859 33,868
Technical expense                         9,403 12,336 12,863
Net finance costs:                              
Interest expense                         39,012 37,062 38,719
Gain on debt extinguishment                         (1,151)    
Total net finance costs                         37,861 37,062 38,719
Total expenses                         186,641 163,774 150,638
Earnings from operations                         12,969 10,513 7,774
Earnings from joint ventures                         1,175 1,329 3,526
Income (loss) before income taxes                         14,144 11,842 11,300
Income tax expense (benefit)                         6,788 4,595 (4,326)
Net income $ 2,973 $ 2,577 $ (492) $ 2,298 $ (277) $ 979 $ 2,214 $ 4,331 $ 6,553 $ (2,229) $ 9,692 $ 1,610 $ 7,356 $ 7,247 $ 15,626
Basic earnings per common share: (in dollars per share) $ 0.38 $ 0.33 $ (0.06) $ 0.29 $ (0.03) $ 0.12 $ 0.28 $ 0.55 $ 0.84 $ (0.29) $ 1.20 $ 0.20 $ 0.94 $ 0.92 $ 1.95
Diluted earnings per common share: (in dollars per share) $ 0.37 $ 0.32 $ (0.06) $ 0.29 $ (0.03) $ 0.12 $ 0.27 $ 0.53 $ 0.81 $ (0.28) $ 1.17 $ 0.19 $ 0.92 $ 0.89 $ 1.89
Average common shares outstanding (in shares) 7,739 7,839 7,841 7,848 7,839 7,938 7,976 7,914 7,846 8,126 8,106 8,033 7,811 7,917 8,029
Diluted average common shares outstanding (in shares) 7,872 7,963 7,991 8,044 8,037 8,123 8,179 8,129 8,084 8,329 8,303 8,273 7,982 8,141 8,289