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Equipment Held for Operating Lease | 12 Months Ended
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Dec. 31, 2017
Equipment Held for Operating Lease |
Equipment Held for Operating Lease | (2) Equipment Held for Operating Lease As of December 31, 2017, the Company had a total lease portfolio of 225 aircraft engines and related equipment, 16 aircraft and 7 other leased parts and equipment with a net book value of $1,342.6 million. As of December 31, 2016, the Company had a total lease portfolio of 208 aircraft engines and related equipment, 11 aircraft and 5 other leased parts and equipment, with a net book value of $1,136.6 million. A majority of the equipment is leased and operated internationally. Substantially all leases relating to this equipment are denominated and payable in U.S. dollars. The Company leasees equipment to lessees domiciled in eight geographic regions. The tables below set forth geographic information about the 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 |  | 2017 |  | 2016 |  | 2015 |
|  | (in thousands) |
Region |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 50,789 |  | $ | 44,650 |  | $ | 43,703 |
Asia |  |  | 34,169 |  |  | 34,524 |  |  | 31,569 |
South America |  |  | 11,958 |  |  | 11,504 |  |  | 9,688 |
United States |  |  | 20,307 |  |  | 13,395 |  |  | 9,177 |
Mexico |  |  | 5,409 |  |  | 6,251 |  |  | 6,886 |
Canada |  |  | 4,355 |  |  | 4,049 |  |  | 2,828 |
Middle East |  |  | 3,360 |  |  | 3,674 |  |  | 2,223 |
Africa |  |  | 22 |  |  | 1,848 |  |  | 1,972 |
Totals |  | $ | 130,369 |  | $ | 119,895 |  | $ | 108,046 |
|  | As of December 31,
Net book value of equipment held for operating lease |  | 2017 |  | 2016
|  | (in thousands)
Region |  |  |  |  |  |
Europe |  | $ | 444,938 |  | $ | 384,661
Asia |  |  | 258,501 |  |  | 265,736
South America |  |  | 111,999 |  |  | 112,268
United States |  |  | 251,959 |  |  | 148,208
Mexico |  |  | 34,399 |  |  | 55,114
Canada |  |  | 28,977 |  |  | 35,199
Middle East |  |  | 61,606 |  |  | 8,971
Africa |  |  | 2,959 |  |  | 42,949
Off-lease and other |  |  | 147,233 |  |  | 83,497
Totals |  | $ | 1,342,571 |  | $ | 1,136,603
As of December 31, 2017, the lease status of the equipment held for operating lease (in thousands) was as follows:
Lease Term |  | Net Book Value |
Off-lease and other |  | $ | 147,233 |
Month-to-month leases |  |  | 89,795 |
Leases expiring 2018 |  |  | 528,225 |
Leases expiring 2019 |  |  | 236,080 |
Leases expiring 2020 |  |  | 158,264 |
Leases expiring 2021 |  |  | 57,268 |
Leases expiring 2022 |  |  | 33,181 |
Leases expiring thereafter |  |  | 92,525 |
|  | $ | 1,342,571 |
As of December 31, 2017, minimum future payments under non-cancelable leases were as follows:
Year |  | (in thousands) |
2018 |  | $ | 110,666 |
2019 |  |  | 54,245 |
2020 |  |  | 31,913 |
2021 |  |  | 16,757 |
2022 |  |  | 10,652 |
Thereafter |  |  | 13,242 |
|  | $ | 237,475 |

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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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