XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Leasing revenues:    
Operating leases $ 134,054 $ 119,481
Finance leases 3,098 3,698
Total leasing revenues 137,152 123,179
Equipment trading revenues 18,286 14,461
Management fee income 619 660
Other revenues 18 32
Total revenues 156,075 138,332
Operating expenses (income):    
Equipment trading expenses 15,611 12,563
Direct operating expenses 5,962 5,581
Administrative expenses 11,904 11,106
Depreciation and amortization 49,317 45,205
(Reversal) provision for doubtful accounts (82) 14
Net (gain) on sale of leasing equipment (10,261) (10,760)
Total operating expenses 72,451 63,709
Operating income 83,624 74,623
Other expenses:    
Interest and debt expense 28,883 26,625
Net (gain) on interest rate swaps (3,152) (2,972)
Total other expenses 25,731 23,653
Income before income taxes 57,893 50,970
Income tax expense 20,373 18,043
Net income $ 37,520 $ 32,927
Net income per common share-Basic (in dollars per share) $ 1.12 $ 0.99
Net income per common share-Diluted (in dollars per share) $ 1.12 $ 0.98
Cash dividends paid per common share (in dollars per share) $ 0.64 $ 0.55
Weighted average number of common shares outstanding-Basic (in shares) 33,469 33,192
Dilutive stock options and restricted stock (in shares) 172 386
Weighted average number of common shares outstanding-Diluted (in shares) 33,641 33,578