Investments (Tables)

12 Months Ended

Dec. 31, 2018

Investments

Schedule of investments

Years Ending December 31, 2018, 2017 and 2016 (in thousands)	WMES		CASC Willis		Total
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
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
Earnings (losses) from joint ventures		3,899		(99)		3,800
Distribution		(5,730)		—		(5,730)
Foreign Currency Translation Adjustment		—		(770)		(770)
Investment in joint ventures as of December 31, 2018	$	34,183	$	13,758	$	47,941

Summarized financial information

	Years Ended December 31,
	2018		2017		2016
	(in thousands)
Revenue	$	38,465	$	40,211	$	35,463
Expenses		30,934		28,754		31,669
WMES net income	$	7,531	$	11,457	$	3,794
			As of December 31,
			2018		2017
			(in thousands)
Total assets			$	274,744	$	246,309
Total liabilities				198,534		165,228
Total WMES net equity			$	76,210	$	81,081