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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Rental of flight equipment $ 340,864 $ 304,264 $ 985,375 $ 860,281
Aircraft sales, trading and other 14,237 8,862 63,193 35,862
Total revenues 355,101 313,126 1,048,568 896,143
Expenses        
Interest 64,720 60,103 188,870 173,654
Amortization of debt discounts and issuance costs 8,081 7,419 22,630 22,782
Interest expense 72,801 67,522 211,500 196,436
Depreciation of flight equipment 113,251 102,046 333,962 291,460
Settlement       72,000
Selling, general and administrative 19,874 19,323 59,929 56,150
Stock-based compensation expense 4,602 4,648 12,342 12,372
Total expenses 210,528 193,539 617,733 628,418
Income before taxes 144,573 119,587 430,835 267,725
Income tax expense (51,297) (42,545) (152,898) (95,233)
Net income $ 93,276 $ 77,042 $ 277,937 $ 172,492
Net income per share of Class A and Class B common stock:        
Basic (in dollars per share) $ 0.91 $ 0.75 $ 2.70 $ 1.68
Diluted (in dollars per share) $ 0.86 $ 0.71 $ 2.55 $ 1.60
Weighted-average shares outstanding        
Basic (in shares) 102,842,996 102,580,955 102,786,822 102,536,326
Diluted (in shares) 110,788,913 110,623,960 110,737,889 110,635,282