XML 72 R55.htm IDEA: XBRL DOCUMENT v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
$ / shares in Units, bbl in Millions
 1 Months Ended 12 Months Ended
Sep. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
$ / shares
bbl
Dec. 31, 2020
USD ($)
$ / shares
Dec. 31, 2019
USD ($)
$ / shares
Accounting Policies [Line Items]        
Depreciation expense   $ 47,915,000 $ 26,581,000 $ 30,653,000
Interest paid, capitalized   10,100,000 20,900,000 11,900,000
Cost of property repairs and maintenance   9,000,000 4,100,000 5,000,000
Goodwill   $ 257,137,000 122,735,000  
Barrels for storage capacity in operation | bbl   4.3    
Number of barrels for storage, under construction | bbl   1.9    
Goodwill, impairment loss   $ 0 0 0
Debt issuance cost   64,483,000 36,222,000  
Amortization   21,700,000 7,300,000 8,100,000
Provision for doubtful accounts   16,900,000 4,600,000  
Bad debt expense   12,953,000 3,595,000 $ 3,986,000
Maintenance right assets   5,100,000 6,400,000  
Spare parts   $ 100,300,000 $ 58,200,000  
Common stock dividends declared (in dollars per share) | $ / shares   $ 1.32 $ 1.32  
Total liabilities   $ 3,739,754,000 $ 2,288,656,000  
Total assets   $ 4,863,854,000 $ 3,387,977,000  
Measurement Input, Discounted Rate On Goodwill Impairment        
Accounting Policies [Line Items]        
Alternative investment, measurement input   0.090    
Measurement Input, Growth Rate        
Accounting Policies [Line Items]        
Alternative investment, measurement input   0.020    
Series A Preferred Shares        
Accounting Policies [Line Items]        
Preferred stock dividends declared (in dollars per share) | $ / shares   $ 2.06 $ 2.06 $ 0.53
Series B Preferred Shares        
Accounting Policies [Line Items]        
Preferred stock dividends declared (in dollars per share) | $ / shares   2.00 $ 2.10  
Series C Preferred Stock        
Accounting Policies [Line Items]        
Preferred stock dividends declared (in dollars per share) | $ / shares   $ 1.49    
Continuing Operations        
Accounting Policies [Line Items]        
Bad debt expense   $ 13,000,000 $ 3,600,000 $ 3,800,000
Total liabilities     2,288,656,000  
Total assets     3,387,977,000  
Revolving Credit Facility        
Accounting Policies [Line Items]        
Debt issuance cost   2,900,000 1,600,000  
Other Assets        
Accounting Policies [Line Items]        
Inventory, crude oil   6,800,000 100,000  
Leasing equipment, purchase deposits   13,700,000 6,100,000  
Lease incentive receivable   46,900,000 55,100,000  
Prepaid expense   21,400,000 10,100,000  
Receivable with Imputed Interest, Net Amount   $ 40,400,000 $ 700,000  
Aviation Leasing | Customer Concentration Risk | Sales Revenue, Segment        
Accounting Policies [Line Items]        
Concentration risk percentage   11.00% 11.00%  
Jefferson Terminal | Customer Concentration Risk | Sales Revenue, Segment        
Accounting Policies [Line Items]        
Concentration risk percentage       19.00%
Major Accounts Receivable Customer, Customer One | Customer Concentration Risk | Accounts Receivable        
Accounting Policies [Line Items]        
Concentration risk percentage   36.00% 40.00%  
Major Accounts Receivable Customer, Customer Two | Customer Concentration Risk | Accounts Receivable        
Accounting Policies [Line Items]        
Concentration risk percentage   13.00% 15.00%  
Transtar | Customer Concentration Risk | Sales Revenue, Segment        
Accounting Policies [Line Items]        
Concentration risk percentage   12.00%    
Delaware River Partners LLC | Variable Interest Entity, Primary Beneficiary        
Accounting Policies [Line Items]        
Ownership percentage   98.00%    
Interest held in VIE   100.00%    
GM-FTAI Holdco LLC | Variable Interest Entity, Not Primary Beneficiary        
Accounting Policies [Line Items]        
Ownership percentage   50.00%    
Payments to acquire investment $ 52,500,000      
Gladieux Metals Recycling | Variable Interest Entity, Not Primary Beneficiary        
Accounting Policies [Line Items]        
Ownership percentage 1.00% 1.00%    
Repauno | Variable Interest Entity, Primary Beneficiary        
Accounting Policies [Line Items]        
Total liabilities   $ 32,600,000 $ 32,200,000  
Total assets   $ 316,500,000 $ 273,600,000  
Drydockings | Minimum        
Accounting Policies [Line Items]        
Useful life, property plant and equipment   30 months    
Drydockings | Maximum        
Accounting Policies [Line Items]        
Useful life, property plant and equipment   60 months    
Aircraft engines | Minimum        
Accounting Policies [Line Items]        
Useful life, property plant and equipment   2 years    
Aircraft engines | Maximum        
Accounting Policies [Line Items]        
Useful life, property plant and equipment   6 years    
Acquired Leases        
Accounting Policies [Line Items]        
Useful life, intangibles   61 months    
Customer relationships | Minimum        
Accounting Policies [Line Items]        
Useful life, intangibles   5 years    
Customer relationships | Maximum        
Accounting Policies [Line Items]        
Useful life, intangibles   15 years    
Weighted average amortization period   154 months