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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 5,601 $ 6,440
Restricted cash 86,067 76,252
Equipment held for operating lease, less accumulated depreciation of $229,347 and $228,708 at March 31, 2012 and December 31, 2011, respectively 974,335 981,505
Equipment held for sale 8,824 20,648
Operating lease related receivable, net of allowances of $459 and $477 at March 31, 2012 and December 31, 2011, respectively 7,079 8,434
Notes receivable 542 542
Investments 17,365 15,239
Property, equipment & furnishings, less accumulated depreciation of $5,485 and $4,957 at March 31, 2012 and December 31, 2011, respectively 7,339 6,901
Equipment purchase deposits 1,369 1,369
Other assets 18,026 15,875
Total assets 1,126,547 1,133,205
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable and accrued expenses 16,179 16,833
Liabilities under derivative instruments 12,139 12,341
Deferred income taxes 86,550 84,706
Notes payable, net of discount of $1,961 and $2,085 at March 31, 2012 and December 31, 2011, respectively 704,992 718,134
Maintenance reserves 57,636 54,509
Security deposits 6,523 6,278
Unearned lease revenue 4,036 3,743
Total liabilities 888,055 896,544
Shareholders' equity:    
Preferred stock ($0.01 par value, 5,000,000 shares authorized; 3,475,000 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively) 31,915 31,915
Common stock ($0.01 par value, 20,000,000 shares authorized; 9,206,542 and 9,109,663 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively) 92 91
Paid-in capital in excess of par 56,071 56,842
Retained earnings 159,211 156,704
Accumulated other comprehensive loss, net of income tax benefit of $5,195 and $5,249 at March 31, 2012 and December 31, 2011, respectively (8,797) (8,891)
Total shareholders' equity 238,492 236,661
Total liabilities and shareholders' equity $ 1,126,547 $ 1,133,205