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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Leasing revenues:        
Operating leases $ 395,400 $ 385,221 $ 1,176,436 $ 1,085,874
Finance leases 29,283 14,970 86,943 30,844
Total leasing revenues 424,683 400,191 1,263,379 1,116,718
Equipment trading revenues 44,786 44,418 127,014 103,546
Equipment trading expenses (41,106) (35,255) (112,791) (75,516)
Trading margin 3,680 9,163 14,223 28,030
Net gain on sale of leasing equipment 26,468 25,606 90,509 78,964
Operating expenses:        
Depreciation and amortization 158,538 163,493 480,176 460,856
Direct operating expenses 10,525 5,539 24,143 21,246
Administrative expenses 22,747 21,426 69,015 65,326
Provision (reversal) for doubtful accounts (123) 23 (104) (2,467)
Total operating expenses 191,687 190,481 573,230 544,961
Operating income (loss) 263,144 244,479 794,881 678,751
Other expenses:        
Interest and debt expense 57,124 54,728 166,293 169,355
Unrealized (gain) loss on derivative instruments, net 19 0 (320) 0
Debt termination expense 190 42,660 1,853 132,523
Other (income) expense, net (644) (453) (1,141) (1,195)
Total other expenses 56,689 96,935 166,685 300,683
Income (loss) before income taxes 206,455 147,544 628,196 378,068
Income tax expense (benefit) 16,618 12,812 46,482 38,281
Net income (loss) 189,837 134,732 581,714 339,787
Less: dividend on preferred shares 13,028 11,687 39,084 32,713
Net income (loss) attributable to common shareholders $ 176,809 $ 123,045 $ 542,630 $ 307,074
Net income per common share—Basic $ 2.90 $ 1.84 $ 8.60 $ 4.59
Net income per common share—Diluted 2.88 1.83 8.56 4.57
Cash dividends paid per common share $ 0.65 $ 0.57 $ 1.95 $ 1.71
Weighted average number of common shares outstanding—Basic 61,035 66,919 63,112 66,935
Dilutive restricted shares 329 372 295 308
Weighted average number of common shares outstanding—Diluted 61,364 67,291 63,407 67,243