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Consolidated Statements of Income(Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUE        
Lease rent revenue $ 25,779 $ 23,022 $ 75,016 $ 70,917
Maintenance reserve revenue 8,891 10,653 29,908 28,668
Gain on sale of leased equipment 2,022 561 3,556 4,557
Other revenue 1,260 3,270 2,729 4,256
Total revenue 37,952 37,506 111,209 108,398
EXPENSES        
Depreciation expense 15,762 13,885 43,563 38,881
Write-down of equipment 4,283 2,474 6,268 2,756
General and administrative 6,792 7,298 24,265 25,339
Technical expense 4,533 1,961 10,423 4,715
Net finance costs:        
Interest expense 9,905 7,529 28,984 22,595
Interest income   (21)   (81)
Loss on debt extinguishment and derivatives termination   15,412   15,412
Total net finance costs 9,905 22,920 28,984 37,926
Total expenses 41,275 48,538 113,503 109,617
Loss from operations (3,323) (11,032) (2,294) (1,219)
Earnings (loss) from joint ventures (289) 352 3,186 948
Income (loss) before in come taxes (3,612) (10,680) 892 (271)
Income tax benefit (expense) 1,383 3,486 8,181 (405)
Net income (loss) (2,229) (7,194) 9,073 (676)
Preferred stock dividends   782   2,346
Net income (loss) attributable to common shareholders $ (2,229) $ (7,976) $ 9,073 $ (3,022)
Basic earnings (loss) per common share: (in dollars per share) $ (0.27) $ (0.92) $ 1.12 $ (0.35)
Diluted earnings (loss) per common share: (in dollars per share) $ (0.27) $ (0.90) $ 1.09 $ (0.34)
Average common shares outstanding (in shares) 8,126 8,667 8,091 8,553
Diluted average common shares outstanding (in shares) 8,329 8,889 8,332 8,846