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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Lease rental revenue $ 721,302 $ 725,220 $ 733,417
Finance and sales-type lease revenue 25,716 17,190 7,658
Amortization of lease premiums, discounts and incentives (11,714) (10,353) (10,664)
Maintenance revenue 56,128 33,590 71,049
Total lease rentals 791,432 765,647 801,460
Other revenue 5,188 7,311 17,742
Total revenues 796,620 772,958 819,202
Expenses:      
Depreciation 298,664 305,216 318,783
Interest, net 241,231 255,660 243,577
Selling, general and administrative (including non-cash share-based payment expense of $13,148, $7,901 and $5,537, respectively) 73,604 61,872 56,198
Impairment of aircraft 80,430 28,585 119,835
Maintenance and other costs 9,077 7,773 11,502
Total expenses 703,006 659,106 749,895
Other income (expense):      
Gain on sale of flight equipment 55,167 39,126 58,017
Other (2,476) 3,527 919
Total other income 52,691 42,653 58,936
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment 146,305 156,505 128,243
Income tax provision 6,042 12,307 12,771
Earnings of unconsolidated equity method investment, net of tax 7,611 7,255 6,257
Net income $ 147,874 $ 151,453 $ 121,729
Earnings per common share — Basic:      
Net income per share (in dollars per share) $ 1.88 $ 1.92 $ 1.50
Earnings per common share — Diluted:      
Net income per share (in dollars per share) 1.87 1.92 1.50
Dividends declared per share (in dollars per share) $ 1.06 $ 0.98 $ 0.90