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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement of Cash Flows [Abstract]      
Net income $ 147,874 $ 151,453 $ 121,729
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 298,664 305,216 318,783
Amortization of deferred financing costs 19,435 18,508 14,878
Amortization of lease premiums, discounts and incentives 11,714 10,353 10,664
Deferred income taxes (8,948) 6,156 (6,889)
Non-cash share-based payment expense 13,148 7,901 5,537
Cash flow hedges reclassified into earnings 2,202 9,662 24,023
Security deposits and maintenance payments included in earnings (17,947) (23,123) (35,843)
Gain on the sale of flight equipment (55,167) (39,126) (58,017)
Impairment of aircraft 80,430 28,585 119,835
Other 1,476 (6,867) (896)
Changes on certain assets and liabilities:      
Accounts receivable (6,734) 832 (5,406)
Other assets (7,655) (1,089) (5,033)
Accounts payable, accrued expenses and other liabilities 13,857 (4,014) 7,255
Lease rentals received in advance (1,478) 3,645 15,665
Net Cash and Restricted Cash Provided by (Used in) Operating Activities 490,871 468,092 526,285
Cash flows from investing activities:      
Acquisition and improvement of flight equipment (1,038,343) (1,331,059) (1,320,669)
Proceeds from sale of flight equipment 833,576 755,898 562,518
Net investment in finance and sales-type leases (331,721) (78,892) (91,648)
Proceeds from Collection of Finance Receivables 32,184 19,413 9,559
Aircraft purchase deposits and progress payments, net of returned deposits and aircraft sales deposits (7,681) (9,628) (6,812)
Unconsolidated equity method investment and associated costs 0 (18,048) 0
Other (5,122) (839) (610)
Net cash and restricted cash used in investing activities (517,107) (663,155) (847,662)
Cash flows from financing activities:      
Repurchase of shares (4,862) (37,337) (20,881)
Proceeds from secured and unsecured debt financings 675,000 1,054,250 975,000
Repayments of secured and unsecured debt financings (878,534) (588,778) (681,393)
Deferred financing costs (8,540) (18,890) (11,881)
Restricted secured liquidity facility collateral 0 65,000 0
Liquidity facility 0 (65,000) 0
Security deposits and maintenance payments received 192,830 171,672 152,391
Security deposits and maintenance payments returned (141,185) (51,658) (33,398)
Dividends paid (83,433) (77,137) (72,960)
Other 0 (2,283) 0
Net cash and restricted cash (used in) provided by financing activities (248,724) 449,839 306,878
Net (decrease) increase in cash and restricted cash (274,960) 254,776 (14,499)
Cash and restricted cash at beginning of year 508,817 254,041 268,540
Cash and restricted cash at end of year 233,857 508,817 254,041
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest 228,125 224,705 195,162
Cash paid during the year for income taxes 4,576 16,693 12,716
Supplemental disclosures of non-cash investing activities:      
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment 132,585 75,335 93,601
Advance lease rentals, security deposits and maintenance payments assumed in asset acquisitions 149,100 202,808 13,307
Transfers from Flight equipment held for lease to Net investment in finance and sales-type leases and Other assets $ 154,213 $ 142,950 $ 40,327