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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUE    
Lease rent revenue $ 39,644 $ 30,233
Maintenance reserve revenue 15,440 31,961
Spare parts and equipment sales 6,286 12,596
Gain on sale of leased equipment 640 983
Other Income 1,882 2,173
Total revenue 63,892 77,946
EXPENSES    
Depreciation and amortization expense 17,355 16,628
Cost of spare parts and equipment sales 4,783 10,318
Write-down of equipment   12,091
General and administrative 15,611 13,201
Technical expense 3,677 2,292
Interest expense 13,595 10,865
Total expenses 55,021 65,395
Earnings from operations 8,871 12,551
Earnings from joint ventures 747 1,854
Income before income taxes 9,618 14,405
Income tax expense 2,536 6,238
Net income 7,082 8,167
Preferred stock dividends 801 321
Accretion of preferred stock issuance costs 20 7
Net income attributable to common shareholders $ 6,261 $ 7,839
Basic earnings per common share: (in dollars per share) $ 1.03 $ 1.28
Diluted earnings per common share: (in dollars per share) $ 1.00 $ 1.25
Basic weighted average common shares outstanding 6,104 6,114
Diluted average common shares outstanding (in shares) 6,256 6,263