v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS:    
Leasing equipment, net of accumulated depreciation of $3,607,606 and $3,595,069 $ 7,177,478 $ 7,275,964
Net investment in finance leases 1,619,553 1,680,588
Equipment held for sale 186,974 164,785
Revenue earning assets 8,984,005 9,121,337
Cash and cash equivalents 62,495 40,323
Restricted cash 132,776 106,984
Accounts receivable, net of allowances of $2,618 and $2,504 196,511 201,064
Goodwill 236,665 236,665
Other assets 52,467 51,586
Fair value of derivative instruments 60,831 56,461
Total assets 9,725,750 9,814,420
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Equipment purchases payable 10,021 3,353
Fair value of derivative instruments 0 2,610
Deferred revenue 91,290 117,774
Accounts payable and other accrued expenses 114,042 129,178
Net deferred income tax liability 416,248 408,748
Debt, net of unamortized costs of $46,398 and $39,373 6,352,013 6,567,078
Total liabilities 6,983,614 7,228,741
Shareholders' equity:    
Undesignated shares, $0.01 par value, 47,800,000 and 54,800,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital (deficit) 889,020 892,620
Accumulated earnings 741,718 767,038
Accumulated other comprehensive income (loss) 55,386 45,009
Total shareholders' equity 2,742,136 2,585,679
Total liabilities and shareholders' equity 9,725,750 9,814,420
Preferred Shares    
Shareholders' equity:    
Preferred shares, $0.01 par value, at liquidation preference 1,055,000 880,000
Designated Common Stock    
Shareholders' equity:    
Common shares, $0.01 par value, 210,000,000 shares authorized, 101,158,891 shares issued and outstanding $ 1,012 $ 1,012