Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2018

Reportable Segments

Summary of the reportable segments

	Leasing and
Three months ended March 31, 2018	Related Operations		Spare Parts Sales		Eliminations (1)		Total
Revenue:
Lease rent revenue	$	39,644	$	—	$	—	$	39,644
Maintenance reserve revenue		15,440		—		—		15,440
Spare parts and equipment sales		—		6,286		—		6,286
Gain on sale of leased equipment		640		—		—		640
Other revenue		1,851		1,113		(1,082)		1,882
Total revenue		57,575		7,399		(1,082)		63,892
Expenses:
Depreciation and amortization expense		17,269		86		—		17,355
Cost of spare parts and equipment sales		—		4,783		—		4,783
Write-down of equipment		—		—		—		—
General and administrative		14,495		1,116		—		15,611
Technical expense		3,677		—		—		3,677
Interest expense		13,595		—		—		13,595
Total expenses		49,036		5,985		—		55,021
Earnings from operations	$	8,539	$	1,414	$	(1,082)	$	8,871
	Leasing and
Three months ended March 31, 2017	Related Operations		Spare Parts Sales		Eliminations (1)		Total
Revenue:
Lease rent revenue	$	30,233	$	—	$	—	$	30,233
Maintenance reserve revenue		31,961		—		—		31,961
Spare parts sales and equipment sales		6,425		6,171		—		12,596
Gain on sale of leased equipment		983		—		—		983
Other revenue		2,125		175		(127)		2,173
Total revenue		71,727		6,346		(127)		77,946
Expenses:
Depreciation and amortization expense		16,540		88		—		16,628
Cost of spare parts and equipment sales (2)		4,705		5,613		—		10,318
Write-down of equipment (2)		12,091		—		—		12,091
General and administrative		12,414		787		—		13,201
Technical expense		2,292		—				2,292
Interest expense		10,865		—		—		10,865
Total expenses		58,907		6,488		—		65,395
Earnings (loss) from operations	$	12,820	$	(142)	$	(127)	$	12,551
(1) Represents revenue generated between our operating segments.
(2) The amounts herein include reclassifications of scrap inventory write-offs and lower of cost or market write-downs that were previously presented within Write-down of equipment to the Costs of spare parts and equipment sales expense line item. The three months ended March 31, 2017 was impacted by a $0.9 million reclassification, reflected as an increase to Cost of spare parts and equipment sales and a decrease to Write-down of equipment.
Total assets as of March 31, 2018	$	1,693,802	$	30,703	$	—	$	1,724,505
Total assets as of December 31, 2017	$	1,580,094	$	23,337	$	—	$	1,603,431