Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary of the reportable segments

Three Months Ended June 30, 2020	Leasing and  Related Operations			Spare Parts Sales			Eliminations (1)			Total
Revenue:
Lease rent revenue	$	38,454		$	—		$	—		$	38,454
Maintenance reserve revenue	29,986			—			—			29,986
Spare parts and equipment sales	102			2,753			—			2,855
Loss on sale of leased equipment	(700		)	—			—			(700		)
Other revenue	4,387			28			(27		)	4,388
Total revenue	72,229			2,781			(27		)	74,983
Expenses:
Depreciation and amortization expense	23,739			25			—			23,764
Cost of spare parts and equipment sales	4			2,644			—			2,648
Write-down of equipment	6,997			—			—			6,997
General and administrative	14,808			420			—			15,228
Technical expense	1,468			—			—			1,468
Net finance costs:
Interest expense	16,089			—			—			16,089
Loss on debt extinguishment	—			—			—			—
Total finance costs	16,089			—			—			16,089
Total expenses	63,105			3,089			—			66,194
Earnings from operations	$	9,124		$	(308	)	$	(27	)	$	8,789

Three Months Ended June 30, 2019	Leasing and  Related Operations		Spare Parts Sales		Eliminations (1)			Total
Revenue:
Lease rent revenue	$	45,025	$	—	$	—		$	45,025
Maintenance reserve revenue	26,475		—		—			26,475
Spare parts and equipment sales	266		14,320		—			14,586
Gain on sale of leased equipment	5,120		—		—			5,120
Other revenue	4,583		31		(23		)	4,591
Total revenue	81,469		14,351		(23		)	95,797
Expenses:
Depreciation and amortization expense	20,023		20		—			20,043
Cost of spare parts and equipment sales	252		12,333		—			12,585
Write-down of equipment	3,262		—		—			3,262
General and administrative	19,919		1,470		—			21,389
Technical expense	1,407		—		—			1,407
Net finance costs:
Interest expense	16,781		—		—			16,781
Loss on debt extinguishment	220		—		—			220
Total finance costs	17,001		—		—			17,001
Total expenses	61,864		13,823		—			75,687
Earnings from operations	$	19,605	$	528	$	(23	)	$	20,110

Six Months Ended June 30, 2020	Leasing and  Related Operations		Spare Parts Sales		Eliminations (1)			Total
Revenue:
Lease rent revenue	$	84,849	$	—	$	—		$	84,849
Maintenance reserve revenue	50,514		—		—			50,514
Spare parts and equipment sales	1,327		10,633		—			11,960
Gain on sale of leased equipment	1,367		—		—			1,367
Other revenue	7,896		267		(261		)	7,902
Total revenue	145,953		10,900		(261		)	156,592
Expenses:
Depreciation and amortization expense	47,114		40		—			47,154
Cost of spare parts and equipment sales	152		9,184		—			9,336
Write-down of equipment	9,126		—		—			9,126
General and administrative	33,350		1,445		—			34,795
Technical expense	2,595		—		—			2,595
Net finance costs:
Interest expense	31,785		—		—			31,785
Loss on debt extinguishment	4,688		—		—			4,688
Total finance costs	36,473		—		—			36,473
Total expenses	128,810		10,669		—			139,479
Earnings from operations	$	17,143	$	231	$	(261	)	$	17,113

Six Months Ended June 30, 2019	Leasing and  Related Operations		Spare Parts Sales		Eliminations (1)			Total
Revenue:
Lease rent revenue	$	93,394	$	—	$	—		$	93,394
Maintenance reserve revenue	51,825		—		—			51,825
Spare parts and equipment sales	2,751		29,337		—			32,088
Gain on sale of leased equipment	14,690		—		—			14,690
Other revenue	7,561		125		(117		)	7,569
Total revenue	170,221		29,462		(117		)	199,566
Expenses:
Depreciation and amortization expense	40,259		42		—			40,301
Cost of spare parts and equipment sales	2,088		24,909		—			26,997
Write-down of equipment	4,367		—		—			4,367
General and administrative	39,893		2,936		—			42,829
Technical expense	3,194		1		—			3,195
Net finance costs:
Interest expense	34,660		—		—			34,660
Loss on debt extinguishment	220		—		—			220
Total finance costs	34,880		—		—			34,880
Total expenses	124,681		27,888		—			152,569
Earnings from operations	$	45,540	$	1,574	$	(117	)	$	46,997

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(1) Represents revenue generated between our operating segments.

	Leasing and  Related Operations		Spare Parts Sales		Eliminations		Total
Total assets as of June 30, 2020	$	2,163,689	$	45,882	$	—	$	2,209,571
Total assets as of December 31, 2019	$	1,898,313	$	42,295	$	—	$	1,940,608