Business Segments and Customer Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment Information

Our segment information is as follows (in thousands):

	For the years ended December 31,
	2023		2022		2021
Revenues:
Aviation	$	544,020	$	408,112	$	247,852
Fleet	316,468		261,336		233,532
Total revenues	$	860,488	$	669,448	$	481,384
Operating income (loss):
Aviation	$	71,168	$	36,416	$	(14,373)
Fleet	31,257		23,911		20,426
Corporate/unallocated expenses (a)	(14,429)		(6,723)		(8,758)
Total operating income (loss)	$	87,996	$	53,604	$	(2,705)
Depreciation and amortization expense:
Aviation	$	16,080	$	13,174	$	11,374
Fleet	5,300		8,783		9,679
Total depreciation and amortization	$	21,380	$	21,957	$	21,053
Capital expenditures:
Aviation	$	16,467	$	5,961	$	7,468
Fleet	2,198		5,502		1,669
Corporate	269		861		843
Total capital expenditures	$	18,934	$	12,324	$	9,980
(a) Certain corporate costs previously allocated to the Federal and Defense business for segment reporting purposes did not qualify for classification within discontinued operations and have been reallocated to continuing operations.

	December 31,
	2023		2022
Total assets:
Aviation	$	950,143	$	637,615
Fleet	274,382		218,138
Corporate	32,811		33,097
Assets held-for-sale	93,002		110,939
Total assets	$	1,350,338	$	999,789

Revenue by Geographic Areas

Revenue by geography is based on the billing address of the customer. Our revenue by geographic area is as follows (in thousands):

	Years ended December 31,
	2023		2022		2021
United States	$	656,767	$	557,615	$	399,423
Other Countries (a)	203,721		111,833		81,961
Total revenue	$	860,488	$	669,448	$	481,384

(a) No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented.