v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 25,083 $ 16,869
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 30,178 25,024
Gain on sale of leased equipment (17,959) (4,437)
Stock-based compensation expense 13,752 6,907
Loss on debt extinguishment (7,027) 0
Accretion of deferred costs and note discounts 3,117 2,499
Income from investments (3,048) (1,351)
Write-down of equipment 1,149 2,109
Payments received on sales-type leases 811 4,717
Gain on derivative instruments (701) 0
Gain on sale of financial assets (438) (378)
Allowances and provisions 182 (13)
Gain on disposal of property, equipment and furnishings (2) 0
Amortization of contract asset 0 917
Deferred income taxes 11,394 7,551
Changes in assets and liabilities:    
Receivables (3,420) (3,211)
Inventory 3,932 4,970
Other assets 6,146 (3,878)
Due from affiliates (229) 0
Accounts payable and accrued expenses (27,050) (23,901)
Maintenance reserves 9,417 6,391
Security deposits (253) 166
Unearned revenue (2,411) 62
Net cash provided by operating activities 56,677 41,013
Cash flows from investing activities:    
Proceeds from sale of notes receivable (net of selling expenses) 71,591 0
Proceeds from sale of equipment (net of selling expenses) 71,412 47,736
Purchase of equipment held for operating lease and for sale (57,153) (29,327)
Purchase of investments and contributions to joint ventures (21,152) (1,595)
Proceeds from Lease Payment, Sales-Type and Direct Financing Leases, Investing Activity 15,513 0
Purchase of property, equipment and furnishings (3,540) (7,478)
Payments received on notes receivable 3,238 4,353
Net cash provided by investing activities 79,909 13,689
Cash flows from financing activities:    
Principal payments on debt obligations (577,384) (169,422)
Proceeds from debt obligations 127,000 135,042
Debt issuance costs (4,538) (398)
Common stock cash dividends paid (3,113) (1,832)
Cancellation of restricted stock units in satisfaction of withholding tax (2,884) 0
Preferred stock dividends (1,368) (1,635)
Payment for Debt Extinguishment or Debt Prepayment Cost (884) 0
Proceeds from shares issued under stock compensation plans 221 134
Net cash used in financing activities (462,950) (38,111)
(Decrease) increase in cash, cash equivalents and restricted cash (326,364) 16,591
Cash, cash equivalents and restricted cash at beginning of period 546,941 132,502
Cash, cash equivalents and restricted cash at end of period 220,577 149,093
Net cash paid for (refunded):    
Interest 35,576 31,096
Income Taxes (1,109) (28)
Supplemental disclosures of non-cash activities:    
Transfers from Equipment held for operating lease to Spare parts inventory 371 138
Transfers from Equipment held for operating lease to Equipment held for sale 364 15,975
Accretion of preferred stock issuance costs $ 69 $ 70