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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Taxes |
Schedule of provision for income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2019 |  | 2018 |  | 2017
​ | ​ | (in thousands)
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 38,520 | ​ | $ | — | ​ | $ | —
State | ​ |  | 1,025 | ​ |  | 492 | ​ |  | 380
Foreign | ​ |  | 2,937 | ​ |  | 2,839 | ​ |  | 3,853
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | 91,243 | ​ |  | 125,160 | ​ |  | (150,850)
State | ​ |  | 14,839 | ​ |  | 812 | ​ |  | (5)
Foreign | ​ |  | — | ​ |  | — | ​ |  | —
Income tax expense/(benefit) | ​ | $ | 148,564 | ​ | $ | 129,303 | ​ | $ | (146,622)
Schedule of differences between the provision for income taxes and income taxes at the statutory federal income tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
​ | ​ | 2019 | ​ | 2018 | ​ | 2017 |
​ |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent |
​ | ​ | (in thousands, except percentages) |
Income taxes at statutory federal rate | ​ | $ | 154,494 | ​ | 21.0 | % | $ | 134,429 | ​ | 21.0 | % | $ | 213,336 | ​ | 35.0 | %
Impact of tax legislation | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | (354,127) | ​ | (58.1) | ​
Foreign tax credit | ​ | ​ | (18,231) | ​ | (2.5) | ​ | ​ | (9,600) | ​ | (1.5) | ​ | ​ | (10,873) | ​ | (1.8) | ​
State income taxes, net of federal income tax effect and other | ​ | ​ | 12,532 | ​ | 1.7 | ​ | ​ | 1,030 | ​ | 0.2 | ​ | ​ | 228 | ​ | — | ​
Other | ​ | ​ | (231) | ​ | — | ​ | ​ | 3,444 | ​ | 0.5 | ​ | ​ | 4,814 | ​ | 0.9 | ​
Income tax expense/(benefit) | ​ | $ | 148,564 | ​ | 20.2 | % | $ | 129,303 | ​ | 20.2 | % | $ | (146,622) | ​ | (24.0) | %
Schedule of net deferred tax assets (liabilities) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2019 |  | December 31, 2018 |
​ | ​ | (in thousands) |
Assets (Liabilities) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity compensation | ​ | $ | 8,711 | ​ | $ | 11,951 | ​
Net operating losses | ​ |  | — | ​ |  | 17 | ​
Foreign tax credit | ​ | ​ | — | ​ | ​ | 2,425 | ​
Rents received in advance | ​ |  | 28,161 | ​ |  | 25,165 | ​
Accrued bonus | ​ |  | 3,244 | ​ |  | 2,825 | ​
Straight-line rents | ​ |  | 434 | ​ |  | (320) | ​
Other | ​ |  | (1,316) | ​ |  | 1,972 | ​
Aircraft depreciation | ​ |  | (788,729) | ​ |  | (687,802) | ​
Net deferred tax assets/(liabilities) | ​ | $ | (749,495) | ​ | $ | (643,767) | ​

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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