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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Rental of flight equipment $ 286,761 $ 242,538 $ 556,017 $ 472,929
Aircraft sales, trading and other 17,941 13,787 27,000 29,681
Total revenues 304,702 256,325 583,017 502,610
Expenses        
Interest 58,148 47,335 113,551 91,693
Amortization of debt discounts and issuance costs 7,681 6,989 15,363 13,479
Interest expense 65,829 54,324 128,914 105,172
Depreciation of flight equipment 98,402 81,475 189,414 159,617
Settlement     72,000  
Selling, general and administrative 17,729 19,906 36,827 39,092
Stock-based compensation 4,578 4,940 7,724 8,340
Total expenses 186,538 160,645 434,879 312,221
Income before taxes 118,164 95,680 148,138 190,389
Income tax expense (42,046) (33,643) (52,688) (66,955)
Net income $ 76,118 $ 62,037 $ 95,450 $ 123,434
Net income per share of Class A and Class B common stock:        
Basic (in dollars per share) $ 0.74 $ 0.61 $ 0.93 $ 1.21
Diluted (in dollars per share) $ 0.70 $ 0.58 $ 0.89 $ 1.15
Weighted-average shares outstanding        
Basic (in shares) 102,571,600 101,934,815 102,513,642 101,896,210
Diluted (in shares) 110,737,844 110,056,625 110,645,314 109,967,199