XML 31 R43.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
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)
Income tax expense/(benefit)   148,564 129,303 (146,622)
Differences between the provision for income taxes and income taxes at the federal statutory income tax rate        
Income taxes at statutory federal rate   154,494 134,429 213,336
Impact of tax legislation       (354,127)
Foreign tax credit   (18,231) (9,600) (10,873)
State income taxes, net of federal income tax effect and other   12,532 1,030 228
Other   (231) 3,444 4,814
Income tax expense/(benefit)   $ 148,564 $ 129,303 $ (146,622)
Differences between effective tax rate and federal statutory income tax rate        
Income taxes at statutory federal rate (as a percent)   21.00% 21.00% 35.00%
Impact of tax legislation (as a percent)       (58.10%)
Foreign tax credit (as a percent)   (2.50%) (1.50%) (1.80%)
State income taxes, net of federal income tax effect and other (as a percent)   1.70% 0.20%  
Other     0.50% 0.90%
Income tax expense/(benefit) (as a percent)   20.20% 20.20% (24.00%)
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     (320)  
Straight-line rents   434    
Other   (1,316) 1,972  
Aircraft depreciation   (788,729) (687,802)  
Net deferred tax assets/(liabilities)   (749,495) (643,767)  
Other disclosures        
Cumulative effect of adjustment upon adoption of ASU 2016-09       $ 458
Benefit related to Foreign tax credit   18,231 9,600 $ 10,873
State        
Assets (Liabilities)        
Net operating loss carry-forwards (NOLs)   $ 200 $ 2,400  
Accounting Standards Update 2016 - 09        
Other disclosures        
Cumulative effect of adjustment upon adoption of ASU 2016-09 $ 500