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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 4,574 $ 6,440
Restricted cash 84,878 76,252
Equipment held for operating lease, less accumulated depreciation of $241,330 and $228,708 at June 30, 2012 and December 31, 2011, respectively 970,003 981,505
Equipment held for sale 7,639 20,648
Operating lease related receivable, net of allowances of $454 and $477 at June 30, 2012 and December 31, 2011, respectively 8,555 8,434
Notes receivable 5 542
Investments 18,427 15,239
Property, equipment & furnishings, less accumulated depreciation of $6,014 and $4,957 at June 30, 2012 and December 31, 2011, respectively 6,874 6,901
Equipment purchase deposits 1,369 1,369
Other assets 14,437 15,875
Total assets 1,116,761 1,133,205
Liabilities:    
Accounts payable and accrued expenses 15,873 16,833
Liabilities under derivative instruments 11,067 12,341
Deferred income taxes 88,138 84,706
Notes payable, net of discount of $1,842 and $2,085 at June 30, 2012 and December 31, 2011, respectively 685,975 718,134
Maintenance reserves 61,762 54,509
Security deposits 6,572 6,278
Unearned lease revenue 3,903 3,743
Total liabilities 873,290 896,544
Shareholders' equity:    
Preferred stock ($0.01 par value, 5,000,000 shares authorized; 3,475,000 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively) 31,915 31,915
Common stock ($0.01 par value, 20,000,000 shares authorized; 9,351,213 and 9,109,663 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively) 93 91
Paid-in capital in excess of par 57,959 56,842
Retained earnings 161,658 156,704
Accumulated other comprehensive loss, net of income tax benefit of $4,824 and $5,249 at June 30, 2012 and December 31, 2011, respectively (8,154) (8,891)
Total shareholders' equity 243,471 236,661
Total liabilities and shareholders' equity $ 1,116,761 $ 1,133,205