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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income (loss) $ (676) $ 10,860
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation expense 38,881 38,716
Write-down of equipment 2,756 2,306
Stock-based compensation expenses 2,346 2,301
Amortization of deferred costs 2,874 3,414
Amortization of loan discount 341 405
Amortization of interest rate derivative cost (167) 483
Allowances and provisions (154) (113)
Other non-cash items   (1,113)
Gain on sale of leased equipment (4,557) (11,231)
Gain on non-monetary exchange (1,961)  
Income from joint ventures, net of distributions (471) (283)
Gain on insurance settlement (173)  
Non-cash portion of loss on debt extinguishment and derivatives termination 7,114  
Deferred income taxes 405 9,334
Changes in assets and liabilities:    
Receivables (289) 2,141
Notes receivable 542 160
Other assets 912 (1,490)
Accounts payable and accrued expenses (5,651) (4,481)
Restricted cash 2,064 44
Maintenance reserves 8,588 2,899
Security deposits 815 220
Unearned lease revenue 359 1,696
Net cash provided by operating activities 53,898 56,268
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 31,971 109,789
Restricted cash for investing activities 1,754 (3,304)
Investment in joint venture (3,830) (8,943)
Purchase of equipment held for operating lease (46,941) (92,888)
Purchase of property, equipment and furnishings (1,196) (710)
Net cash (used in) provided by investing activities (18,242) 3,944
Cash flows from financing activities:    
Proceeds from issuance of notes payable 537,693 74,410
Debt issuance cost (9,660) (503)
Preferred stock dividends (2,346) (2,346)
Proceeds from shares issued under stock compensation plans 1,312 645
Cancellation of restricted stock units in satisfaction of withholding tax (884) (531)
Excess tax benefit from stock-based compensation 607 903
Decrease in restricted cash 18,208  
Repurchase of common stock (1,976) (5,384)
Cash settlement of stock options   (1,262)
Principal payments on notes payable (567,871) (122,362)
Net cash used in financing activities (24,917) (56,430)
Increase in cash and cash equivalents 10,739 3,782
Cash and cash equivalents at beginning of period 6,440 2,225
Cash and cash equivalents at end of period 17,179 6,007
Net cash paid for:    
Interest 14,552 15,271
Income Taxes 101 150
Supplemental disclosures of non-cash investing activities:    
Engines and equipment, transferred from Held for Operating Lease to Held for Sale $ 4,900 $ 0