Investments (Tables)

12 Months Ended

Dec. 31, 2017

Investments

Schedule of investments

Years Ending December 31, 2017, 2016 and 2015 (in thousands)	WMES		CASC Willis		Total
Investment in joint ventures as of December 31, 2014	$	26,672	$	14,918	$	41,590
Investment		630		—		630
Earnings (losses) from joint ventures		1,274		(99)		1,175
Distribution		(1,304)		—		(1,304)
Foreign Currency Translation Adjustment		—		(796)		(796)
Investment in joint ventures as of December 31, 2015	$	27,272	$	14,023	$	41,295
Investment		5,545		—		5,545
Earnings (losses) from joint ventures		2,032		(219)		1,813
Deferred gain on engines sale		(1,212)		—		(1,212)
Distribution		(1,167)		—		(1,167)
Foreign Currency Translation Adjustment		—		(868)		(868)
Investment in joint ventures as of December 31, 2016	$	32,470	$	12,936	$	45,406
Investment		—		—		—
Earnings from joint ventures		5,867		1,291		7,158
Deferred gain on engine sale		(443)		(496)		(939)
Distribution		(1,880)		—		(1,880)
Foreign Currency Translation Adjustment		—		896		896
Investment in joint ventures as of December 31, 2017	$	36,014	$	14,627	$	50,641

Summarized financial information

	Years Ended December 31,
	2017		2016		2015
	(in thousands)
Revenue	$	40,211	$	35,463	$	26,909
Expenses		28,754		31,669		24,574
WMES net income	$	11,457	$	3,794	$	2,335
			December 31,
			2017		2016
			(in thousands)
Total assets			$	246,309	$	293,299
Total liabilities				165,228		219,881
Total WMES net equity			$	81,081	$	73,418