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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Rental of flight equipment $ 393,479 $ 358,114 $ 771,341 $ 712,767
Revenues 397,814 380,957 779,023 741,144
Expenses        
Interest 73,452 63,014 142,395 130,077
Amortization of debt discounts and issuance costs 8,010 6,437 16,032 15,429
Interest expense 81,462 69,451 158,427 145,506
Depreciation of flight equipment 142,600 126,490 278,734 250,399
Selling, general and administrative 21,458 23,843 44,817 46,415
Stock-based compensation 4,885 5,304 8,317 9,077
Total expenses 250,405 225,088 490,295 451,397
Income before taxes 147,409 155,869 288,728 289,747
Income tax expense (32,198) (54,944) (62,866) (103,885)
Net income $ 115,211 $ 100,925 $ 225,862 $ 185,862
Net income per share of Class A and Class B common stock:        
Basic (in dollars per share) $ 1.11 $ 0.98 $ 2.17 $ 1.80
Diluted (in dollars per share) $ 1.04 $ 0.92 $ 2.04 $ 1.69
Weighted-average shares outstanding        
Basic (in shares) 104,003,960 103,180,769 103,876,647 103,064,834
Diluted (in shares) 112,424,582 111,564,483 112,326,506 111,490,683
Dividends declared per share $ 0.10 $ 0.075 $ 0.20 $ 0.15
Aircraft sales, trading and other        
Revenues        
Revenues $ 4,335 $ 22,843 $ 7,682 $ 28,377