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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Rental of flight equipment $ 358,114 $ 327,313 $ 712,767 $ 644,511
Aircraft sales, trading and other 22,843 22,826 28,377 48,956
Total revenues 380,957 350,139 741,144 693,467
Expenses        
Interest 63,014 63,190 130,077 124,150
Amortization of debt discounts and issuance costs 6,437 7,388 15,429 14,549
Interest expense 69,451 70,578 145,506 138,699
Depreciation of flight equipment 126,490 112,136 250,399 220,711
Selling, general and administrative 23,843 20,653 46,415 40,055
Stock-based compensation 5,304 4,501 9,077 7,740
Total expenses 225,088 207,868 451,397 407,205
Income before taxes 155,869 142,271 289,747 286,262
Income tax expense (54,944) (50,468) (103,885) (101,601)
Net income $ 100,925 $ 91,803 $ 185,862 $ 184,661
Net income per share of Class A and Class B common stock:        
Basic (in dollars per share) $ 0.98 $ 0.89 $ 1.80 $ 1.80
Diluted (in dollars per share) $ 0.92 $ 0.84 $ 1.69 $ 1.69
Weighted-average shares outstanding        
Basic (in shares) 103,180,769 102,837,443 103,064,834 102,758,427
Diluted (in shares) 111,564,483 110,839,180 111,490,683 110,710,174