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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 7,525 $ 9,073
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 48,159 43,563
Write-down of equipment 2,928 6,268
Stock-based compensation expenses 2,447 2,573
Amortization of deferred costs 3,207 3,068
Amortization of interest rate derivative cost (371) (297)
Allowances and provisions (18) (553)
Gain on sale of leased equipment (3,713) (3,556)
Income from joint ventures 819 3,186
Gain on insurance settlement   (351)
Deferred income taxes 4,649 (8,181)
Changes in assets and liabilities:    
Receivables 1,772 8,620
Spare parts inventory (9,487)  
Other assets (7,877) (1,517)
Accounts payable and accrued expenses 5,331 (1,225)
Restricted cash (2,688) (7,127)
Maintenance reserves (4,037) 13,266
Security deposits 188 (492)
Unearned lease revenue (503) (874)
Net cash provided by operating activities 46,693 59,072
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 31,116 28,482
Restricted cash for investing activities 6,366 (6,285)
Capital contribution to joint ventures (2,623) (6,145)
Dividends received from joint ventures 500  
Investment in joint venture, net of cash acquired   2,020
Purchase of equipment held for operating lease (38,552) (93,936)
Purchase of property, equipment and furnishings (13,784) (441)
Net cash used in investing activities (16,977) (76,305)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 34,395 72,000
Debt issuance cost (4,939) (591)
Interest bearing security deposits 4,553 6,071
Proceeds from shares issued under stock compensation plans 410 586
Cancellation of restricted stock units in satisfaction of withholding tax (1,309) (738)
Repurchase of common stock (4,007) (5,258)
Principal payments on notes payable (60,779) (56,188)
Net cash provided by (used in) financing activities (31,676) 15,882
Decrease in cash and cash equivalents (1,960) (1,351)
Cash and cash equivalents at beginning of period 12,801 5,379
Cash and cash equivalents at end of period 10,841 4,028
Net cash paid for:    
Interest 25,120 25,607
Income Taxes 129 16
Supplemental disclosures of non-cash investing activities:    
Purchase of aircraft and engines, liability incurred but not paid 416 503
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled $ 0 $ 4,900