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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Revenues:        
Lease rental revenue $ 158,440 $ 156,820 $ 483,389 $ 453,906
Direct financing and sales-type lease revenue 5,294 4,835 16,177 10,993
Amortization of lease premiums, discounts and incentives (5,288) (2,641) (18,005) (16,972)
Maintenance revenue 14,517 58,657 76,044 108,223
Total lease revenue 172,963 217,671 557,605 556,150
Gain on sale or disposition of flight equipment 20,483 20,193 56,909 67,240
Other revenue 130 882 903 1,803
Total revenues 193,576 238,746 615,417 625,193
Operating expenses:        
Depreciation 87,604 86,647 264,637 261,764
Interest, net 58,752 57,037 185,989 170,963
Selling, general and administrative 18,426 18,500 60,571 58,217
Provision for credit losses 0 5,280 281 11,405
Impairment of flight equipment 8,419 34,959 19,391 37,156
Maintenance and other costs 4,872 7,107 13,411 24,494
Total operating expenses 178,073 209,530 544,280 563,999
Other income:        
Gain on extinguishment of debt 0 0 285 0
Other 6,135 1,529 6,557 6,238
Total other income 6,135 1,529 6,842 6,238
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment 21,638 30,745 77,979 67,432
Income tax provision 4,281 6,025 16,881 15,286
Earnings of unconsolidated equity method investment, net of tax 738 925 1,737 1,787
Net income 18,095 25,645 62,835 53,933
Preference share dividends 0 0 (10,500) (10,500)
Net income available to common shareholders 18,095 25,645 52,335 43,433
Total comprehensive income available to common shareholders $ 18,095 $ 25,645 $ 52,335 $ 43,433