Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 12,743	$ 9,732
Restricted cash	29,964	33,026
Equipment held for operating lease, less accumulated depreciation of $320,609 and $316,532 at March 31, 2016 and December 31, 2015, respectively	1,101,604	1,122,859
Equipment held for sale	25,971	23,454
Operating lease related receivables, net of allowances of $1,121 and $912 at March 31, 2016 and December 31, 2015, respectively	15,690	14,072
Spare parts inventory	19,293	20,526
Investments	43,272	41,295
Property, equipment & furnishings, less accumulated depreciation of $4,902 and $11,102 at March 31, 2016 and December 31, 2015, respectively	17,001	20,247
Intangible assets, net	874	932
Other assets	11,048	9,839
Total assets	1,277,460	1,295,982
Liabilities:
Accounts payable and accrued expenses	23,087	21,665
Deferred income taxes	99,347	96,742
Notes payable	850,031	866,089
Maintenance reserves	65,554	71,054
Security deposits	25,074	25,010
Unearned lease revenue	4,351	5,090
Total liabilities	1,067,444	1,085,650
Shareholders' equity:
Common stock ($0.01 par value, 20,000,000 shares authorized; 7,423,654 and 7,548,395 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively)	74	75
Paid-in capital in excess of par	24,925	28,720
Retained earnings	185,826	182,058
Accumulated other comprehensive loss, net of income tax benefit of $427 and $275 at March 31, 2016 and December 31, 2015, respectively.	(809)	(521)
Total shareholders' equity	210,016	210,332
Total liabilities and shareholders' equity	$ 1,277,460	$ 1,295,982