Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Aug. 31, 2026 |
Aug. 31, 2025 |
Aug. 31, 2026 |
Aug. 31, 2025 |
|
| Revenues: | ||||
| Lease rental revenue | $ 186,858 | $ 190,116 | $ 381,438 | $ 373,159 |
| Direct financing and sales-type lease revenue | 5,389 | 5,191 | 10,827 | 10,333 |
| Amortization of lease premiums, discounts and incentives | 7,871 | (1,513) | 8,262 | 1,253 |
| Maintenance revenue | 43,004 | 9,708 | 67,162 | 47,840 |
| Total lease revenue | 243,122 | 203,502 | 467,689 | 432,585 |
| Gain on sale or disposition of flight equipment | 38,162 | 23,889 | 49,028 | 54,178 |
| Other revenue | 1,669 | 119 | 1,766 | 591 |
| Total revenues | 282,953 | 227,510 | 518,483 | 487,354 |
| Operating expenses: | ||||
| Depreciation | 91,728 | 96,762 | 184,556 | 192,578 |
| Interest, net | 75,387 | 70,529 | 146,603 | 139,370 |
| Selling, general and administrative | 20,331 | 24,247 | 41,907 | 44,938 |
| Provision for credit losses | (92) | (116) | (275) | 26 |
| Impairment of flight equipment | 7,730 | 31,153 | 11,091 | 36,219 |
| Maintenance and other costs | 8,108 | 3,977 | 13,400 | 8,221 |
| Total operating expenses | 203,192 | 226,552 | 397,282 | 421,352 |
| Other income (expense): | ||||
| Loss on extinguishment of debt | 0 | 0 | 0 | (2,973) |
| Other | 358 | 61,041 | (136) | 60,585 |
| Total other income (expense) | 358 | 61,041 | (136) | 57,612 |
| Income from continuing operations before income taxes and earnings of unconsolidated equity method investment | 80,119 | 61,999 | 121,065 | 123,614 |
| Income tax provision | 11,163 | 5,228 | 18,689 | 17,949 |
| Earnings of unconsolidated equity method investment, net of tax | 372 | 462 | 570 | 855 |
| Net income | 69,328 | 57,233 | 102,946 | 106,520 |
| Preference share dividends | (5,367) | (10,500) | (5,367) | (10,500) |
| Net income available to common shareholders | 63,961 | 46,733 | 97,579 | 96,020 |
| Total comprehensive income (loss) | $ 63,961 | $ 46,733 | $ 97,579 | $ 96,020 |
| X | ||||||||||
- Definition Net lease amortization expense recognized during the period related to customer operating lease discounts, premiums and lease incentives. No definition available.
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- Definition Lease Income, Maintenance Revenue No definition available.
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| X | ||||||||||
- Definition Sales-type And Direct Financing Lease, Revenue No definition available.
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| X | ||||||||||
- Definition Amount of expense for maintenance and repair of aircraft. Includes, but is not limited to, cost of inspection, repair, material, and routine maintenance of aircraft. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of impairment loss for asset. Includes, but is not limited to, tangible and intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of lease income from operating, direct financing, and sales-type leases. Includes, but is not limited to, variable lease payments, interest income, profit (loss) recognized at commencement, and lease payments paid and payable to lessor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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