Investments (Tables)

3 Months Ended

Mar. 31, 2018

Investments

Schedule of investments

Three Months Ended March 31, 2018	WMES		CASC Willis		Total
	(in thousands)
Investment in joint ventures as of December 31, 2017	$	36,014	$	14,627	$	50,641
Earnings from joint venture		390		357		747
Deferred gain on engine sale		(723)		—		(723)
Foreign Currency Translation Adjustment		—		585		585
Investment in joint ventures as of March 31, 2018	$	35,681	$	15,569	$	51,250

Summarized financial information

	Three Months Ended March 31,
	2018		2017
	(in thousands)
Revenue	$	7,606	$	11,661
Expenses		6,904		8,430
WMES income before income taxes	$	702	$	3,231
	March 31,			December 31,
	2018			2017
	(in thousands)
Total assets	$	273,952	$	246,309
Total liabilities		192,169		165,228
Total WMES net equity	$	81,783	$	81,081