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Selected Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data | Dividends Dividends on shares of each Series are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by the Company's Board of Directors. Dividends will be payable equal to the stated rate per annum of the $25.00 liquidation preference per share. The Series rank senior to the Company's common shares with respect to dividend rights and rights upon the Company's liquidation, dissolution or winding up, whether voluntary or involuntary. The Company paid the following quarterly dividends during the year ended December 31, 2019 on its issued and outstanding Series:
|  |  | Series A |  | Series B |  | Series C
Record Date | Payment Date |  | Aggregate Payment |  | Per Share Payment |  | Aggregate Payment |  | Per Share Payment |  | Aggregate Payment |  | Per Share Payment
December 9, 2019 | December 16, 2019 |  | $1.8 million |  | $0.53125 |  | $2.9 million |  | $0.50000 |  | $1.4 million |  | $0.19462
September 9, 2019 | September 16, 2019 |  | $1.8 million |  | $0.53125 |  | $2.6 million |  | $0.45000 |  | n/a |  | n/a
June 10, 2019 | June 17, 2019 |  | $1.8 million |  | $0.53125 |  | n/a |  | n/a |  | n/a |  | n/a
As of December 31, 2019, the Company had cumulative unpaid preferred dividends of $1.3 million. The following table sets forth certain key interim financial information for the years ended December 31, 2019 and 2018:
(In thousands, except per share amounts)
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2019 |  |  |  |  |  |  |
Total leasing revenues | $ | 340,859 |  |  | $ | 338,566 |  |  | $ | 336,668 |  |  | $ | 331,176 |
Trading margin | $ | 3,587 |  |  | $ | 4,496 |  |  | $ | 4,150 |  |  | $ | 2,275 |
Net gain on sale of leasing equipment | $ | 8,469 |  |  | $ | 7,519 |  |  | $ | 6,196 |  |  | $ | 4,857 |
Net income attributable to shareholders | $ | 91,914 |  |  | $ | 84,071 |  |  | $ | 85,895 |  |  | $ | 77,161 |
Net income per basic common share | $ | 1.18 |  |  | $ | 1.13 |  |  | $ | 1.18 |  |  | $ | 1.07 |
Net income per diluted common share | $ | 1.17 |  |  | $ | 1.12 |  |  | $ | 1.17 |  |  | $ | 1.07 |
2018 |  |  |  |  |  |  |
Total leasing revenues | $ | 315,097 |  |  | $ | 329,771 |  |  | $ | 350,078 |  |  | $ | 355,357 |
Trading margin | $ | 2,991 |  |  | $ | 3,994 |  |  | $ | 5,810 |  |  | $ | 6,126 |
Net gain on sale of leasing equipment | $ | 9,218 |  |  | $ | 11,105 |  |  | $ | 7,055 |  |  | $ | 7,999 |
Net income attributable to shareholders | $ | 80,892 |  |  | $ | 104,870 |  |  | $ | 94,236 |  |  | $ | 69,557 |
Net income per basic common share | $ | 1.01 |  |  | $ | 1.31 |  |  | $ | 1.18 |  |  | $ | 0.88 |
Net income per diluted common share | $ | 1.00 |  |  | $ | 1.30 |  |  | $ | 1.17 |  |  | $ | 0.87 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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