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Consolidated Statements Of Income (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUE    
Lease rent revenue$ 26,458$ 25,090$ 79,419$ 76,422
Maintenance reserve revenue8,9629,73927,31923,721
Gain on sale of leased equipment3,6375,22411,2317,533
Other income4231381,015992
Total revenue39,48040,191118,984108,668
EXPENSES    
Depreciation expense12,45613,02138,71636,078
Write-down of equipment2,3062,6592,3062,659
General and administrative8,6847,28226,10820,334
Technical expense1,2702,0415,7376,390
Net finance costs:    
Interest expense8,87610,36226,90831,268
Interest income(42)(66)(127)(162)
Total net finance costs8,83410,29626,78131,106
Total expenses33,55035,29999,64896,567
Earnings from operations5,9304,89219,33612,101
Earnings from joint ventures232283858818
Income before income taxes6,1625,17520,19412,919
Income tax expense(3,846)(2,092)(9,334)(4,879)
Net income2,3163,08310,8608,040
Preferred stock dividends paid and accumulated-Series A7827822,3462,346
Net income attributable to common shareholders$ 1,534$ 2,301$ 8,514$ 5,694
Basic earnings per common share:$ 0.18$ 0.27$ 1.01$ 0.66
Diluted earnings per common share:$ 0.17$ 0.25$ 0.96$ 0.62
Average common shares outstanding8,3978,6838,4238,691
Diluted average common shares outstanding8,8119,0808,9039,256