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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUE        
Lease rent revenue $ 46,984 $ 33,474 $ 129,710 $ 95,045
Revenue 19,370 20,370 56,855 64,212
Spare parts and equipment sales 8,354 9,294 21,701 41,273
Gain on sale of leased equipment 1,256 174 2,142 4,684
Other revenue 2,010 2,549 5,762 6,439
Total revenue 77,974 65,861 216,170 211,653
EXPENSES        
Depreciation and amortization expense 19,861 16,142 55,600 48,786
Cost of spare parts and equipment sales 5,848 7,148 16,537 32,121
Write-down of equipment 1,215 6,226 4,793 19,668
General and administrative 18,124 14,308 50,517 40,574
Technical expense 2,290 2,605 9,199 7,345
Interest expense 17,885 14,220 46,617 36,398
Total expenses 65,223 60,649 183,263 184,892
Earnings from operations 12,751 5,212 32,907 26,761
Earnings from joint ventures 506 3,040 1,569 6,055
Income before income taxes 13,257 8,252 34,476 32,816
Income tax expense 3,583 2,960 9,359 13,367
Net income 9,674 5,292 25,117 19,449
Preferred stock dividends 819 344 2,431 988
Accretion of preferred stock issuance costs 21 9 62 25
Net income attributable to common shareholders $ 8,834 $ 4,939 $ 22,624 $ 18,436
Basic weighted average earnings per common share (in dollars per share) $ 1.50 $ 0.82 $ 3.80 $ 3.04
Diluted weighted average earnings per common share (in dollars per share) $ 1.47 $ 0.80 $ 3.72 $ 2.97
Basic weighted average common shares outstanding (in shares) 5,900 6,055 5,960 6,068
Diluted weighted average common shares outstanding (in shares) 6,004 6,184 6,083 6,215