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Equipment Held for Operating Lease | 12 Months Ended
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Dec. 31, 2016
Equipment Held for Operating Lease [Abstract] |
Equipment Held for Operating Lease | (2) Equipment Held for Operating Lease As of December 31, 2016, we had a total lease portfolio of 208 aircraft engines and related equipment, 5 spare parts packages, 11 aircraft and various parts and other engine-related equipment with a net book value of $1,136.6 million in our lease portfolio. As of December 31, 2015, we had a total lease portfolio of 201 aircraft engines and related equipment, 5 spare parts packages, 10 aircraft and various parts and other engine-related equipment with a net book value of $1,109.2 million in our lease portfolio. A majority of our equipment is leased and operated internationally. All leases relating to this equipment are denominated and payable in U.S. dollars. We lease our equipment to lessees domiciled in eight geographic regions. The tables below set forth geographic information about our leased equipment grouped by domicile of the lessee (which is not necessarily indicative of the asset’s actual location):
|  | Years Ended December 31, |
Lease rent revenue |  | 2016 |  | 2015 |  | 2014 |
|  | (in thousands) |
Region |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 44,650 |  | $ | 43,703 |  | $ | 37,850 |
Asia |  |  | 34,524 |  |  | 31,569 |  |  | 21,658 |
South America |  |  | 11,504 |  |  | 9,688 |  |  | 9,907 |
United States |  |  | 13,395 |  |  | 9,177 |  |  | 11,880 |
Mexico |  |  | 6,251 |  |  | 6,886 |  |  | 7,771 |
Canada |  |  | 4,049 |  |  | 2,828 |  |  | 4,958 |
Middle East |  |  | 3,674 |  |  | 2,223 |  |  | 4,143 |
Africa |  |  | 1,848 |  |  | 1,972 |  |  | 3,264 |
Totals |  | $ | 119,895 |  | $ | 108,046 |  | $ | 101,431 |
|  | Years Ended December 31, |
Lease rent revenue less applicable depreciation and interest |  | 2016 |  | 2015 |  | 2014 |
|  | (in thousands) |
Region |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 13,137 |  |  | 11,074 |  |  | 6,988 |
Asia |  |  | 10,318 |  |  | 8,867 |  |  | 5,891 |
South America |  |  | 3,464 |  |  | 1,929 |  |  | 3,503 |
United States |  |  | 1,053 |  |  | 634 |  |  | 2,577 |
Mexico |  |  | 2,430 |  |  | 2,310 |  |  | 2,157 |
Canada |  |  | 74 |  |  | (123) |  |  | (100) |
Middle East |  |  | 743 |  |  | 474 |  |  | 1,277 |
Africa |  |  | 460 |  |  | 206 |  |  | 1,041 |
Off-lease and other |  |  | (13,303) |  |  | (19,713) |  |  | (19,525) |
Totals |  | $ | 18,376 |  | $ | 5,658 |  | $ | 3,809 |
|  | Years Ended December 31, |
Net book value of equipment held for operating lease |  | 2016 |  | 2015 |  | 2014 |
|  | (in thousands) |
Region |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 384,661 |  |  | 387,652 |  |  | 343,102 |
Asia |  |  | 265,736 |  |  | 309,158 |  |  | 232,511 |
South America |  |  | 112,268 |  |  | 112,718 |  |  | 107,080 |
United States |  |  | 148,208 |  | $ | 99,876 |  | $ | 61,521 |
Mexico |  |  | 55,114 |  |  | 35,374 |  |  | 57,371 |
Canada |  |  | 35,199 |  |  | 18,893 |  |  | 11,026 |
Middle East |  |  | 8,971 |  |  | 9,612 |  |  | 12,063 |
Africa |  |  | 42,949 |  |  | 18,937 |  |  | 17,125 |
Off-lease and other |  |  | 83,497 |  |  | 116,948 |  |  | 215,582 |
Totals |  | $ | 1,136,603 |  | $ | 1,109,168 |  | $ | 1,057,381 |
As of December 31, 2016 and 2015, the lease status of the equipment held for operating lease was as follows:
|  | December 31, 2016 |
Lease Term |  | Net Book Value |
|  | (in thousands) |
Off-lease and other |  | $ | 83,497 |
Month-to-month leases |  |  | 88,546 |
Leases expiring 2017 |  |  | 396,155 |
Leases expiring 2018 |  |  | 144,977 |
Leases expiring 2019 |  |  | 70,511 |
Leases expiring 2020 |  |  | 180,732 |
Leases expiring 2021 |  |  | 57,196 |
Leases expiring thereafter |  |  | 114,989 |
|  | $ | 1,136,603 |
|  | December 31, 2015 |
Lease Term |  | Net Book Value |
|  | (in thousands) |
Off-lease and other |  | $ | 116,948 |
Month-to-month leases |  |  | 90,173 |
Leases expiring 2016 |  |  | 429,635 |
Leases expiring 2017 |  |  | 106,923 |
Leases expiring 2018 |  |  | 87,916 |
Leases expiring 2019 |  |  | 60,022 |
Leases expiring 2020 |  |  | 86,922 |
Leases expiring thereafter |  |  | 130,629 |
|  | $ | 1,109,168 |
As of December 31, 2016, minimum future payments under non-cancelable leases were as follows:
Year |  | (in thousands) |
2017 |  | $ | 89,119 |
2018 |  |  | 57,192 |
2019 |  |  | 43,979 |
2020 |  |  | 33,482 |
2021 |  |  | 16,930 |
Thereafter |  |  | 23,466 |
|  | $ | 264,168 |

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- Definition The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 47 -URI http://asc.fasb.org/extlink&oid=6584217&loc=d3e38847-112698 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25496975&loc=d3e45424-112738 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6453916&loc=d3e41460-112716 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=25496975&loc=d3e45377-112738 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6452767&loc=d3e37045-112695 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453916&loc=d3e41457-112716 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=25496975&loc=d3e45437-112738 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 + Details
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