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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 6,545 $ 11,302
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 31,445 27,801
Write-down of equipment 2,478 1,985
Stock-based compensation expenses 1,642 1,715
Amortization of deferred costs 2,042 2,073
Amortization of interest rate derivative cost (249) (199)
Allowances and provisions 9 (596)
Gain on sale of leased equipment (1,929) (1,534)
Income from joint ventures, net of distributions (551) (3,475)
Deferred income taxes 3,252 (6,832)
Changes in assets and liabilities:    
Receivables 3,440 4,738
Other assets 2,942 (812)
Inventory (11,244)  
Accounts payable and accrued expenses 2,590 4,757
Restricted cash (6,056) (8,538)
Maintenance reserves (2,232) 7,180
Security deposits 4 (534)
Unearned lease revenue 275 (463)
Net cash provided by operating activities 34,403 38,568
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 13,649 10,093
Restricted cash for investing activities 12,303 (2,208)
Capital contribution to joint ventures   (6,145)
Purchase of equipment held for operating lease and for sale (23,169) (92,111)
Purchase of property, equipment and furnishings (201) (375)
Net cash provided by (used in) investing activities 2,582 (90,746)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 10,000 69,000
Debt issuance cost (4,837) (592)
Interest bearing security deposits 3,035 4,553
Proceeds from shares issued under stock compensation plans 331 506
Cancellation of restricted stock units in satisfaction of withholding tax (934) (480)
Repurchase of common stock (1,214) (358)
Principal payments on notes payable (43,795) (21,490)
Net cash provided by (used in) financing activities (37,414) 51,139
Decrease in cash and cash equivalents (429) (1,039)
Cash and cash equivalents at beginning of period 12,801 5,379
Cash and cash equivalents at end of period 12,372 4,340
Net cash paid for:    
Interest 16,995 16,832
Income Taxes 119 16
Supplemental disclosures of non-cash investing activities:    
Purchase of aircraft and engines, liability incurred but not paid 802 4,051
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled $ 1,684 $ 2,063