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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Leasing revenues:      
Operating leases $ 1,141,165 $ 813,357 $ 699,810
Finance leases 22,352 15,337 8,029
Total leasing revenues 1,163,517 828,694 707,839
Equipment trading revenues 37,419 16,418 0
Equipment trading expenses (33,235) (15,800) 0
Trading margin 4,184 618 0
Net gain (loss) on sale of leasing equipment 35,812 (20,347) 2,013
Operating expenses:      
Depreciation and amortization 500,720 392,592 300,470
Direct operating expenses 62,891 84,256 54,440
Administrative expenses 87,609 65,618 53,435
Transaction and other costs 9,272 66,916 22,185
Provision (reversal) for doubtful accounts 3,347 23,304 (2,156)
Insurance Recoveries (6,764) 0 0
Total operating expenses 657,075 632,686 428,374
Operating income 546,438 176,279 281,478
Other expenses:      
Interest and debt expense 282,347 184,014 140,644
Realized loss on derivative instruments, net 900 3,438 5,496
Non-designated interest rate swaps (1,397) (4,405) 2,240
Write-off of debt costs 6,973 141 1,170
Other (income) expense, net (2,637) (1,076) 211
Total other expenses 286,186 182,112 149,761
Income (loss) before income taxes 260,252 (5,833) 131,717
Income tax (benefit) expense (93,274) (48) 4,048
Net income (loss) 353,526 (5,785) 127,669
Less: income attributable to non-controlling interest 8,928 7,732 16,580
Net income (loss) attributable to shareholders $ 344,598 $ (13,517) $ 111,089
Net income (loss) per common share—Basic $ 4.55 $ (0.24) $ 2.75
Net income (loss) per common share—Diluted 4.52 (0.24) 2.71
Cash dividends paid per common share $ 1.80 $ 1.35 $ 0.00
Weighted average number of common shares and non-voting common shares outstanding—Basic 75,679 56,032 40,429
Dilutive stock options and restricted stock 509 0 503
Weighted average number of common shares and non-voting common shares outstanding—Diluted 76,188 56,032 40,932
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]      
Other expenses:      
Non-designated interest rate swaps $ (1,397) $ (4,405) $ 2,240
Noncontrolling Interest [Member]      
Other expenses:      
Net income (loss)     $ 16,580