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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 3,768 $ 2,298
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 16,644 17,705
Write-down of equipment 2,036 24
Stock-based compensation expenses 944 1,074
Amortization of deferred costs 1,071 1,072
Allowances and provisions 209 67
Gain on sale of leased equipment (2,989) (662)
Gain on extinguishment of debt   (1,151)
Income from joint ventures (187) (354)
Deferred income taxes 2,757 1,357
Changes in assets and liabilities:    
Receivables (1,827) (5,751)
Spare parts inventory 1,232 305
Other assets (165) (2,237)
Accounts payable and accrued expenses (282) (917)
Restricted cash 3,062 5,642
Maintenance reserves (5,500) 3,198
Security deposits 64 (98)
Unearned lease revenue (739) (961)
Net cash provided by operating activities 20,098 20,611
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 52,488 2,405
Restricted cash for investing activities (1,345)  
Capital contribution to joint ventures (4,610) (630)
Distributions received from joint ventures 1,167  
Purchase of equipment held for operating lease (44,433) (17,944)
Purchase of property, equipment and furnishings (70) (3,667)
Net cash provided by (used in) investing activities 3,197 (19,836)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 20,000 31,000
Interest bearing security deposits 1,345  
Proceeds from shares issued under stock compensation plans 82 85
Cancellation of restricted stock units in satisfaction of withholding tax (424) (514)
Excess tax benefit from stock-based compensation 55 143
Repurchase of common stock (4,453) (724)
Principal payments on notes payable (36,889) (28,623)
Net cash provided by (used in) financing activities (20,284) 1,367
Increase in cash and cash equivalents 3,011 2,142
Cash and cash equivalents at beginning of period 9,732 13,493
Cash and cash equivalents at end of period 12,743 15,635
Net cash paid for:    
Interest 9,161 8,753
Income Taxes 34 5
Supplemental disclosures of non-cash investing activities:    
Purchase of aircraft and engines, liability incurred but not paid 6,778 169
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled $ 12,806 $ 86