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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 6,518 $ 8,545
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 24,996 26,260
Write-down of equipment 282  
Stock-based compensation expenses 1,603 1,477
Amortization of deferred costs 1,888 2,304
Amortization of loan discount 243 274
Amortization of interest rate derivative cost (111) 460
Allowances and provisions (23) (94)
Other non-cash items   (212)
Gain on sale of leased equipment (3,996) (7,594)
Income from joint ventures, net of distributions (320) (261)
Deferred income taxes 3,891 5,487
Changes in assets and liabilities:    
Receivables (98) 1,231
Notes receivable 537 104
Other assets 105 (908)
Accounts payable and accrued expenses (1,698) (2,792)
Restricted cash (7,658) (12,455)
Maintenance reserves 7,253 4,047
Security deposits 294 142
Unearned lease revenue 160 (280)
Net cash provided by operating activities 33,866 25,735
Cash flows from investing activities:    
Proceeds from sale of equipment held for operating lease (net of selling expenses) 29,051 31,836
Restricted cash for investing activities (969) (17,246)
Investment in joint venture (2,868) (7,995)
Purchase of equipment held for operating lease (24,913) (70,690)
Purchase of property, equipment and furnishings (1,030) (581)
Net cash used in by investing activities (729) (64,676)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 20,000 65,409
Proceeds from other debt   69,957
Debt issuance cost (553) (443)
Preferred stock dividends (1,564) (1,564)
Proceeds from shares issued under stock compensation plans 1,227 538
Cancellation of restricted stock units in satisfaction of withholding tax (603) (468)
Excess tax benefit from stock-based compensation 685 425
Repurchase of common stock (1,793) (5,296)
Cash settlement of stock options   (175)
Principal payments on notes payable (52,402) (83,415)
Net cash (used in) provided by financing activities (35,003) 44,968
Increase/(Decrease) in cash and cash equivalents (1,866) 6,027
Cash and cash equivalents at beginning of period 6,440 2,225
Cash and cash equivalents at end of period 4,574 8,252
Net cash paid for:    
Interest 9,376 9,901
Income Taxes 65 55
Supplemental disclosures of non-cash investing activities:    
Engines and equipment, transferred from Held for Operating Lease to Held for Sale $ 3,208 $ 328