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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Rental of flight equipment $ 327,313 $ 286,761 $ 644,511 $ 556,017
Aircraft sales, trading and other 22,826 17,941 48,956 27,000
Total revenues 350,139 304,702 693,467 583,017
Expenses        
Interest 63,190 58,148 124,150 113,551
Amortization of debt discounts and issuance costs 7,388 7,681 14,549 15,363
Interest expense 70,578 65,829 138,699 128,914
Depreciation of flight equipment 112,136 98,402 220,711 189,414
Settlement       72,000
Selling, general and administrative 20,653 17,729 40,055 36,827
Stock-based compensation 4,501 4,578 7,740 7,724
Total expenses 207,868 186,538 407,205 434,879
Income before taxes 142,271 118,164 286,262 148,138
Income tax expense (50,468) (42,046) (101,601) (52,688)
Net income $ 91,803 $ 76,118 $ 184,661 $ 95,450
Net income per share of Class A and Class B common stock:        
Basic (in dollars per share) $ 0.89 $ 0.74 $ 1.80 $ 0.93
Diluted (in dollars per share) $ 0.84 $ 0.70 $ 1.69 $ 0.89
Weighted-average shares outstanding        
Basic (in shares) 102,837,443 102,571,600 102,758,427 102,513,642
Diluted (in shares) 110,839,180 110,737,844 110,710,174 110,645,314