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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Gain on sale of leased equipment $ 2,298 $ 0
Total revenue 68,817 61,125
EXPENSES    
Depreciation and amortization expense 21,809 24,141
Cost of spare parts and equipment sales 4,862 3,809
Write-down of equipment 21,117 1,867
General and administrative 23,605 16,151
Technical expense 5,646 1,310
Net finance costs:    
Interest expense 16,883 15,019
Total net finance costs 16,883 15,019
Total expenses 93,922 62,297
Loss from operations (25,105) (1,172)
Loss from joint ventures (2,616) (519)
Loss before income taxes (27,721) (1,691)
Income tax benefit (6,520) (359)
Net loss (21,201) (1,332)
Preferred stock dividends 801 801
Accretion of preferred stock issuance costs 21 21
Net loss attributable to common shareholders $ (22,023) $ (2,154)
Basic weighted average loss per common share (in dollars per share) $ (3.70) $ (0.36)
Diluted weighted average loss per common share (in dollars per share) $ (3.70) $ (0.36)
Basic weighted average common shares outstanding (in shares) 5,951 5,995
Diluted weighted average common shares outstanding (in shares) 5,951 5,995
Lease rent revenue    
REVENUE    
Lease rent and maintenance reserve revenues $ 38,125 $ 31,520
Maintenance reserve revenue    
REVENUE    
Lease rent and maintenance reserve revenues 14,834 19,812
Spare parts and equipment sales    
REVENUE    
Other sales and revenues 6,630 4,566
Other revenue    
REVENUE    
Other sales and revenues $ 6,930 $ 5,227