XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Net Investment in Sales-type Leases | 9 Months Ended
--- | ---
Sep. 30, 2022
Leases [Abstract] |
Net Investment in Sales-type Leases | Net Investment in Sales-type Leases As of September 30, 2022, the Company had nine A320-200 aircraft on lease to an airline with terms that meet the criteria of being classified as a sales-type lease. Net investment in sales-type leases was included in Other assets in the Company’s Consolidated Balance Sheets based on the present value of fixed payments under the contract and the residual value of the underlying asset, discounted at the rate implicit in the lease. The Company’s investment in sales-type leases consisted of the following (in thousands):
| September 30, 2022
Future minimum lease payments to be received | $ | 217,300 |
Estimated residual values of leased flight equipment | 82,520 |
Less: Unearned income | (43,263) |
Net Investment in Sales-type Leases | $ | 256,557 |
As of September 30, 2022, future minimum lease payments to be received on sales-type leases were as follows:
| (in thousands)
Years ending December 31, |
2022 (excluding the nine months ended September 30, 2022) | $ | 5,125 |
2023 | 22,140 |
2024 | 22,140 |
2025 | 22,140 |
2026 | 22,140 |
Thereafter | 123,615 |
Total | $ | 217,300 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=77888252 + Details
Name: | us-gaap_LessorSalesTypeLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration