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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 20,878 $ 7,082
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 20,258 17,355
Write-down of equipment 1,105 0
Stock-based compensation expenses 1,265 925
Amortization of deferred costs 1,757 1,433
Allowances and provisions 274 242
Gain on sale of leased equipment (9,570) (545)
Income from joint ventures (946) (747)
Loss on disposal of property, equipment and furnishings (36) 0
Income taxes 7,014 2,300
Changes in assets and liabilities:    
Receivables (1,990) (6,026)
Inventory 8,538 1,830
Other assets (308) 276
Accounts payable and accrued expenses (8,954) (437)
Maintenance reserves (543) 9,389
Security deposits (2,711) 1,038
Unearned revenue (403) 1,166
Net cash provided by operating activities 35,628 35,281
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 133,768 18,393
Issuance of notes receivables (30,783) 0
Payments received on notes receivables 166 8
Capital contributions to joint ventures (5,013) 0
Deposit received for proposed sale of equipment 0 3,400
Purchase of equipment held for operating lease (92,226) (138,626)
Purchase of property, equipment and furnishings (606) (290)
Net cash provided by (used in) investing activities 5,306 (117,115)
Cash flows from financing activities:    
Proceeds from issuance of debt obligations 102,120 123,000
Principal payments on debt obligations (142,880) (29,779)
Proceeds from shares issued under stock compensation plans 160 118
Cancellation of restricted stock units in satisfaction of withholding tax (545) (665)
Repurchase of common stock (286) (74)
Preferred stock dividends (819) (917)
Net cash (used in) provided by financing activities (42,250) 91,683
(Decrease)/Increase in cash, cash equivalents and restricted cash (1,316) 9,849
Cash, cash equivalents and restricted cash at beginning of period 81,949 47,324
Cash, cash equivalents and restricted cash at end of period 80,633 57,173
Net cash paid for:    
Interest 17,301 12,187
Income Taxes (359) 71
Supplemental disclosures of non-cash activities:    
Purchase of aircraft and engines 0 3,762
Transfers from Equipment held for operating lease to Equipment held for sale 0 1,898
Transfers from Equipment held for operating lease to Spare parts inventory 6,702 0
Transfers from Equipment held for sale to Spare parts inventory 4,471 24,014
Accrued preferred stock dividends 667 667
Accrued share repurchases $ 100 $ 10,109