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Operating Segments (Tables) | 9 Months Ended
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Sep. 30, 2017
Operating Segments |
Summary of the operating segments |
|  | Leasing and |  |  |  |  |  |  |  |
For the three months ended September 30, 2017 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Lease rent revenue |  | $ | 33,474 |  | $ | — |  | $ | — |  | $ | 33,474
Maintenance reserve revenue |  |  | 20,370 |  |  | — |  |  | — |  |  | 20,370
Spare parts and equipment sales |  |  | — |  |  | 9,294 |  |  | — |  |  | 9,294
Gain on sale of leased equipment |  |  | 174 |  |  | — |  |  | — |  | s | 174
Other revenue |  |  | 2,538 |  |  | 247 |  |  | (236) |  |  | 2,549
Total revenue |  |  | 56,556 |  |  | 9,541 |  |  | (236) |  |  | 65,861
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | 16,056 |  |  | 86 |  |  | — |  |  | 16,142
Cost of spare parts and equipment sales |  |  | — |  |  | 6,416 |  |  | — |  |  | 6,416
Write-down of equipment |  |  | 6,226 |  |  | 732 |  |  | — |  |  | 6,958
General and administrative |  |  | 13,387 |  |  | 921 |  |  | — |  |  | 14,308
Technical expense |  |  | 2,605 |  |  | — |  |  | — |  |  | 2,605
Net finance costs |  |  | 14,220 |  |  | — |  |  | — |  |  | 14,220
Total expenses |  |  | 52,494 |  |  | 8,155 |  |  | — |  |  | 60,649
Earnings (loss) from operations |  | $ | 4,062 |  | $ | 1,386 |  | $ | (236) |  | $ | 5,212
|  | Leasing and |  |  |  |  |  |  |  |
For the nine months ended September 30, 2017 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Lease rent revenue |  | $ | 95,045 |  | $ | — |  | $ | — |  | $ | 95,045
Maintenance reserve revenue |  |  | 64,212 |  |  | — |  |  | — |  |  | 64,212
Spare parts and equipment sales |  |  | 19,300 |  |  | 21,973 |  |  | — |  |  | 41,273
Gain on sale of leased equipment |  |  | 4,684 |  |  | — |  |  | — |  |  | 4,684
Other revenue |  |  | 6,314 |  |  | 697 |  |  | (572) |  |  | 6,439
Total revenue |  |  | 189,555 |  |  | 22,670 |  |  | (572) |  |  | 211,653
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | 48,526 |  |  | 260 |  |  | — |  |  | 48,786
Cost of spare parts and equipment sales |  |  | 14,623 |  |  | 14,923 |  |  | — |  |  | 29,546
Write-down of equipment |  |  | 19,668 |  |  | 2,575 |  |  | — |  |  | 22,243
General and administrative |  |  | 38,008 |  |  | 2,566 |  |  | — |  |  | 40,574
Technical expense |  |  | 7,345 |  |  | — |  |  | — |  |  | 7,345
Net finance costs |  |  | 36,398 |  |  | — |  |  | — |  |  | 36,398
Total expenses |  |  | 164,568 |  |  | 20,324 |  |  | — |  |  | 184,892
Earnings (loss) from operations |  | $ | 24,987 |  | $ | 2,346 |  | $ | (572) |  | $ | 26,761
|  | Leasing and |  |  |  |  |  |  |  |
For the three months ended September 30, 2016 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Lease rent revenue |  | $ | 31,270 |  | $ | — |  | $ | — |  | $ | 31,270
Maintenance reserve revenue |  |  | 14,229 |  |  | — |  |  | — |  |  | 14,229
Spare parts sales |  |  | 900 |  |  | 3,260 |  |  | — |  |  | 4,160
Gain on sale of leased equipment |  |  | 180 |  |  | — |  |  | — |  |  | 180
Other revenue |  |  | 1,487 |  |  | 786 |  |  | (651) |  |  | 1,622
Total revenue |  |  | 48,066 |  |  | 4,046 |  |  | (651) |  |  | 51,461
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | 16,541 |  |  | 87 |  |  | — |  |  | 16,628
Cost of spare parts and equipment sales |  |  | 640 |  |  | 2,426 |  |  | — |  |  | 3,066
Write-down of equipment |  |  | — |  |  | — |  |  | — |  |  | —
General and administrative |  |  | 11,500 |  |  | 757 |  |  | — |  |  | 12,257
Technical expense |  |  | — |  |  | — |  |  |  |  |  | —
Net finance costs |  |  | 10,116 |  |  | 114 |  |  | — |  |  | 10,230
Other expense |  |  | 2,934 |  |  | 475 |  |  | — |  |  | 3,409
Total expenses |  |  | 41,731 |  |  | 3,859 |  |  | — |  |  | 45,590
Earnings from operations |  | $ | 6,335 |  | $ | 187 |  | $ | (651) |  | $ | 5,871
|  | Leasing and |  |  |  |  |  |  |  |
For the nine months ended September 30, 2016 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Lease rent revenue |  | $ | 88,727 |  | $ | — |  | $ | — |  | $ | 88,727
Maintenance reserve revenue |  |  | 45,562 |  |  | — |  |  | — |  |  | 45,562
Spare parts sales |  |  | 1,800 |  |  | 8,665 |  |  | — |  |  | 10,465
Gain on sale of leased equipment |  |  | 3,430 |  |  | — |  |  | — |  |  | 3,430
Other revenue |  |  | 3,392 |  |  | 1,734 |  |  | (1,512) |  |  | 3,614
Total revenue |  |  | 142,911 |  |  | 10,399 |  |  | (1,512) |  |  | 151,798
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | 48,981 |  |  | 254 |  |  | — |  |  | 49,235
Cost of spare parts sales |  |  | 1,288 |  |  | 6,497 |  |  | — |  |  | 7,785
Write-down of equipment |  |  | — |  |  | — |  |  | — |  |  | —
General and administrative |  |  | 32,438 |  |  | 2,256 |  |  | — |  |  | 34,694
Technical expense |  |  | — |  |  | — |  |  | — |  |  | —
Net finance costs |  |  | 30,443 |  |  | 329 |  |  |  |  |  | 30,772
Other expense |  |  | 10,362 |  |  | 475 |  |  | — |  |  | 10,837
Total expenses |  |  | 123,512 |  |  | 9,811 |  |  | — |  |  | 133,323
Earnings from operations |  | $ | 19,399 |  | $ | 588 |  | $ | (1,512) |  | $ | 18,475
(1) Represents revenue generated between our operating segments
Total assets as of September 30, 2017 |  | $ | 1,417,166 |  | $ | 18,733 |  | $ | — |  | $ | 1,435,899
Total assets as of December 31, 2016 |  | $ | 1,307,460 |  | $ | 30,427 |  | $ | — |  | $ | 1,337,887

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