XML 17 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
May 31, 2026
May 31, 2025
Revenues:    
Lease rental revenue $ 194,580 $ 183,043
Direct financing and sales-type lease revenue 5,438 5,142
Amortization of lease premiums, discounts and incentives 391 2,766
Maintenance revenue 24,158 38,132
Total lease revenue 224,567 229,083
Gain on sale or disposition of flight equipment 10,866 30,289
Other revenue 97 472
Total revenues 235,530 259,844
Operating expenses:    
Depreciation 92,828 95,816
Interest, net 71,216 68,841
Selling, general and administrative 21,576 20,691
Provision for credit losses (183) 142
Impairment of flight equipment 3,361 5,066
Maintenance and other costs 5,292 4,244
Total operating expenses 194,090 194,800
Other expenses:    
Loss on extinguishment of debt 0 (2,973)
Other (494) (456)
Total other expense (494) (3,429)
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment 40,946 61,615
Income tax provision 7,526 12,721
Earnings of unconsolidated equity method investment, net of tax 198 393
Net income 33,618 49,287
Net income available to common shareholders 33,618 49,287
Total comprehensive income available to common shareholders $ 33,618 $ 49,287