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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 4,331 $ 1,610
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 15,710 13,610
Write-down of equipment 295  
Stock-based compensation expenses 758 783
Amortization of deferred costs 1,036 1,049
Amortization of interest rate derivative cost (125) (96)
Allowances and provisions 2 (52)
Gain on sale of leased equipment (309) (686)
Income from joint ventures, net of distributions (305) (93)
Deferred income taxes 2,405 1,007
Changes in assets and liabilities:    
Receivables (366) 3,041
Other assets (501) 6
Inventory (350)  
Accounts payable and accrued expenses 1,734 144
Restricted cash (8,068) (5,695)
Maintenance reserves 2,416 3,679
Security deposits (357) (186)
Unearned lease revenue 493 430
Net cash provided by operating activities 18,799 18,551
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 5,688 3,166
Restricted cash for investing activities 5,487 (2,207)
Capital contribution to joint ventures   (6,146)
Purchase of equipment held for operating lease and for sale (7,915) (79,576)
Purchase of property, equipment and furnishings (156) (31)
Net cash provided by (used in) investing activities 3,104 (84,794)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 5,000 69,000
Debt issuance cost (27) (570)
Interest bearing security deposits 1,518 3,035
Proceeds from shares issued under stock compensation plans 212 230
Cancellation of restricted stock units in satisfaction of withholding tax (270) (263)
Repurchase of common stock   (358)
Principal payments on notes payable (25,506) (8,853)
Net cash (used in) provided by financing activities (19,073) 62,221
Increase/(Decrease) in cash and cash equivalents 2,830 (4,022)
Cash and cash equivalents at beginning of period 12,801 5,379
Cash and cash equivalents at end of period 15,631 1,357
Net cash paid for:    
Interest 8,811 8,140
Income Taxes 55  
Supplemental disclosures of non-cash investing activities:    
Purchase of aircraft and engines, liability incurred but not paid 802 767
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled $ 10,924 $ 2,141