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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUE                      
Lease rent revenue                 $ 175,609 $ 130,369 $ 119,895
Revenue                 87,009 80,189 57,091
Spare parts and equipment sales                 71,141 51,423 17,783
Gain on sale of leased equipment                 6,944 4,929 3,482
Other revenue                 7,644 7,930 9,023
Total revenue $ 118,190 $ 80,958 $ 78,702 $ 70,497 $ 63,189 $ 65,861 $ 67,844 $ 77,946 348,347 274,840 207,274
EXPENSES                      
Depreciation and amortization expense                 76,814 66,023 66,280
Cost of spare parts and equipment sales                 61,025 40,848 13,293
Write-down of equipment                 10,651 24,930 9,514
General and administrative                 72,021 55,737 47,780
Technical expense                 11,142 9,729 6,993
Net finance costs:                      
Interest expense                 64,220 48,720 41,144
Loss on debt extinguishment                     137
Total net finance costs                 64,220 48,720 41,281
Total expenses                 295,873 245,987 185,141
Earnings from operations                 52,474 28,853 22,133
Earnings from joint ventures                 3,800 7,158 1,813
Income before income taxes                 56,274 36,011 23,946
Income tax expense (benefit)                 13,043 (26,147) 9,877
Net income                 43,231 62,158 14,069
Preferred stock dividends                 3,250 1,813 281
Accretion of preferred stock issuance costs                 83 46 8
Net income attributable to common shareholders $ 17,274 $ 8,834 $ 7,528 $ 6,261 $ 41,864 $ 4,939 $ 5,657 $ 7,839 $ 39,898 $ 60,299 $ 13,780
Basic weighted average earnings per common share (in dollars per share) $ 2.99 $ 1.50 $ 1.28 $ 1.03 $ 6.87 $ 0.82 $ 0.94 $ 1.28 $ 6.75 $ 9.93 $ 2.10
Diluted weighted average earnings per common share (in dollars per share) $ 2.91 $ 1.47 $ 1.26 $ 1.00 $ 6.75 $ 0.80 $ 0.92 $ 1.25 $ 6.60 $ 9.69 $ 2.05
Basic weighted average common shares outstanding (in shares) 5,782 5,900 5,878 6,104 6,090 6,055 6,036 6,114 5,915 6,074 6,570
Diluted weighted average common shares outstanding (in shares) 5,939 6,004 5,991 6,256 6,201 6,184 6,158 6,240 6,046 6,220 6,714