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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 7,356 $ 7,247 $ 15,626
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 69,586 65,441 58,727
Write-down of equipment 9,181 5,602 6,461
Stock-based compensation expenses 4,150 3,509 3,439
Amortization of deferred costs 4,307 4,319 4,113
Amortization of interest rate derivative cost   (499) (404)
Allowances and provisions 697 (81) (684)
Gain on sale of leased equipment (8,354) (5,753) (5,675)
Gain on insurance settlement     (351)
Gain on debt extinguishment (1,151)    
Income from joint ventures (1,175) (1,329) (3,526)
Deferred income taxes 6,508 3,996 (4,389)
Changes in assets and liabilities:      
Receivables (5,857) 4,454 2,269
Spare parts inventory 4,128 (5,964)  
Other assets (2,635) (590) (3,158)
Accounts payable and accrued expenses 1,669 (1,881) (23)
Restricted cash 9,636 (6,831) (5,701)
Maintenance reserves 4,580 (10,861) 14,022
Security deposits 5,747 1,159 614
Unearned lease revenue 748 793 (1,064)
Net cash provided by operating activities 109,121 62,731 80,296
Cash flows from investing activities:      
Proceeds from sale of equipment (net of selling expenses) 45,701 43,632 38,706
Restricted cash for investing activities (16,763) 6,366 (20,502)
Capital contribution to joint ventures (630) (17,623) (11,219)
Dividends received from joint ventures 1,304 847  
Acquisitions of J.T. Power, net of cash acquired     (4,171)
Investment in WOLF, net of cash acquired     2,020
Purchase of equipment held for operating lease and for sale (183,616) (128,075) (136,231)
Purchase of property, equipment and furnishings (3,988) (13,831) (453)
Net cash used in investing activities (157,992) (108,684) (131,850)
Cash flows from financing activities:      
Proceeds from issuance of notes payable 192,700 154,395 130,000
Debt issuance cost (13) (5,074) (1,252)
Interest bearing security deposits (1,606) 4,553 7,588
Proceeds from shares issued under stock compensation plans 518 410 680
Cancellation of restricted stock units in satisfaction of withholding tax (1,558) (1,544) (1,248)
Repurchase of common stock (16,500) (5,352) (5,918)
Excess tax benefit from stock-based compensation 26 311  
Principal payments on notes payable (153,816) (101,054) (70,874)
Decrease in restricted cash 25,359    
Net cash provided by (used in) financing activities 45,110 46,645 58,976
Increase/(Decrease) in cash and cash equivalents (3,761) 692 7,422
Cash and cash equivalents at beginning of period 13,493 12,801 5,379
Cash and cash equivalents at end of period 9,732 13,493 12,801
Net cash paid for:      
Interest 35,568 33,132 33,931
Income Taxes 353 210 111
Supplemental disclosures of non-cash investing activities:      
Purchase of aircraft and engines, liability incurred but not paid 4,662 8,188 63
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled 22,079 3,071 $ 15,166
Equipment held for sale, transferred to spare parts inventory $ 6,061 $ 9,649