Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2017

Reportable Segments

Summary of the reportable segments

The following tables present a summary of the reportable segments (in thousands):

	Leasing and				Intercompany
For the year ended December 31, 2017	Related Operations		Spare Parts Sales		Eliminations		Total
Revenue:
Lease rent revenue	$	130,369	$	—	$	—	$	130,369
Maintenance reserve revenue		80,189		—		—		80,189
Spare parts and equipment sales		22,285		29,138		—		51,423
Gain on sale of leased equipment		4,929		—		—		4,929
Other revenue		7,702		1,601		(1,373)		7,930
Total revenue		245,474		30,739		(1,373)		274,840
Expenses:
Depreciation and amortization expense		65,677		346		—		66,023
Cost of spare parts and equipment sales		17,344		23,504		—		40,848
General and administrative		52,024		3,713		—		55,737
Net finance costs		48,720		—		—		48,720
Other expense		34,659		—		—		34,659
Total expenses		218,424		27,563		—		245,987
Earnings from operations	$	27,050	$	3,176	$	(1,373)	$	28,853
	Leasing and				Intercompany
For the year ended December 31, 2016	Related Operations		Spare Parts Sales		Eliminations		Total
Revenue:
Lease rent revenue	$	119,895	$	—	$	—	$	119,895
Maintenance reserve revenue		57,091		—		—		57,091
Spare parts and equipment sales		3,335		14,448		—		17,783
Gain on sale of leased equipment		3,482		—		—		3,482
Other revenue		8,711		1,947		(1,635)		9,023
Total revenue		192,514		16,395		(1,635)		207,274
Expenses:
Depreciation and amortization expense		65,939		341		—		66,280
Cost of spare parts and equipment sales		2,394		10,899		—		13,293
General and administrative		44,703		3,077		—		47,780
Net finance costs		40,813		468		—		41,281
Other expense		16,507		—		—		16,507
Total expenses		170,356		14,785		—		185,141
Earnings  from operations	$	22,158	$	1,610	$	(1,635)	$	22,133

	Leasing and				Intercompany
For the year ended December 31, 2015	Related Operations		Spare Parts Sales		Eliminations		Total
Revenue:
Lease rent revenue	$	108,046	$	—	$	—	$	108,046
Maintenance reserve revenue		53,396		—		—		53,396
Spare parts and equipment sales		9,975		15,607		—		25,582
Gain on sale of leased equipment		8,320		—		—		8,320
Other revenue		2,517		659		(458)		2,718
Total revenue		182,254		16,266		(458)		198,062
Expenses:
Depreciation and amortization expense		69,135		289		—		69,424
Cost of spare parts and equipment sales		5,734		12,115		—		17,849
General and administrative		39,974		2,770		—		42,744
Net finance costs		37,474		387		—		37,861
Other expense		18,584		—		—		18,584
Total expenses		170,901		15,561		—		186,462
Earnings from operations	$	11,353	$	705	$	(458)	$	11,600
Total assets as of December 31, 2017	$	1,580,094	$	23,337	$	—	$	1,603,431
Total assets as of December 31, 2016	$	1,307,460	$	30,427	$	—	$	1,337,887
Total assets as of December 31, 2015	$	1,267,414	$	26,871	$	—	$	1,294,285