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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Leasing revenues:        
Operating leases $ 385,221 $ 320,352 $ 1,085,874 $ 946,579
Finance leases 14,970 7,405 30,844 24,043
Total leasing revenues 400,191 327,757 1,116,718 970,622
Equipment trading revenues 44,418 26,094 103,546 58,377
Equipment trading expenses (35,255) (22,225) (75,516) (50,555)
Trading margin 9,163 3,869 28,030 7,822
Net gain on sale of leasing equipment 25,606 10,737 78,964 19,351
Operating expenses:        
Depreciation and amortization 163,493 136,248 460,856 402,235
Direct operating expenses 5,539 25,992 21,246 78,859
Administrative expenses 21,426 21,395 65,326 61,092
Provision (reversal) for doubtful accounts 23 (45) (2,467) 4,608
Total operating expenses 190,481 183,590 544,961 546,794
Operating income (loss) 244,479 158,773 678,751 451,001
Other expenses:        
Interest and debt expense 54,728 62,776 169,355 198,652
Debt termination expense 42,660 24,345 132,523 24,376
Other (income) expense, net (453) (631) (1,195) (4,179)
Total other expenses 96,935 86,490 300,683 218,849
Income (loss) before income taxes 147,544 72,283 378,068 232,152
Income tax expense (benefit) 12,812 15,825 38,281 28,070
Net income (loss) 134,732 56,458 339,787 204,082
Less: dividend on preferred shares 11,687 10,512 32,713 30,850
Net income (loss) attributable to common shareholders $ 123,045 $ 45,946 $ 307,074 $ 173,232
Net income per common share—Basic $ 1.84 $ 0.67 $ 4.59 $ 2.49
Net income per common share—Diluted 1.83 0.67 4.57 2.48
Cash dividends paid per common share $ 0.57 $ 0.52 $ 1.71 $ 1.56
Weighted average number of common shares outstanding—Basic 66,919 68,223 66,935 69,693
Dilutive restricted shares 372 359 308 289
Weighted average number of common shares outstanding—Diluted 67,291 68,582 67,243 69,982