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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Lease rental revenue $ 159,547 $ 145,890 $ 465,413 $ 430,361
Amortization of lease premiums, discounts and lease incentives (6,838) (4,709) (6,392) (10,841)
Maintenance revenue 10,944 0 37,126 25,006
Total lease rentals 163,653 141,181 496,147 444,526
Other revenue 9,213 326 13,815 3,733
Total revenues 172,866 141,507 509,962 448,259
Expenses:        
Depreciation 68,413 60,132 200,024 178,299
Interest, net 54,101 48,872 167,203 150,384
Selling, general and administrative (including non-cash share based payment expense of $1,169 and $1,128 for the three months ended, and $4,692 and $3,233 for the nine months ended September 30, 2011 and 2012, respectively) 11,907 12,200 36,616 36,309
Impairment of Aircraft 78,676 1,236 88,787 6,436
Maintenance and other costs 3,926 4,045 11,943 10,944
Total expenses 217,023 126,485 504,573 382,372
Other income (expense):        
Gain on sale of flight equipment 11 8,997 3,062 28,958
Other 0 (117) 604 (153)
Total other income (expense) 11 8,880 3,666 28,805
Income (loss) from continuing operations before income taxes (44,146) 23,902 9,055 94,692
Income tax provision 1,701 1,237 5,976 6,041
Net income (loss) $ (45,847) $ 22,665 $ 3,079 $ 88,651
Earnings (loss) per common share - Basic:        
Net income (loss) per share $ (0.65) $ 0.31 $ 0.04 $ 1.15
Earnings (loss) per common share - Diluted:        
Net income (loss) per share $ (0.65) $ 0.31 $ 0.04 $ 1.15
Dividends declared per share $ 0.150 $ 0.125 $ 0.450 $ 0.350