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v3.10.0.1

Reportable Segments (Tables) | 6 Months Ended
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Jun. 30, 2018
Reportable Segments |
Summary of the reportable segments |
|  | Leasing and |  |  |  |  |  |  |  |
Three months ended June 30, 2018 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Lease rent revenue |  | $ | 43,081 |  | $ | — |  | $ | — |  | $ | 43,081
Maintenance reserve revenue |  |  | 22,045 |  |  | — |  |  | — |  |  | 22,045
Spare parts and equipment sales |  |  | — |  |  | 7,061 |  |  | — |  |  | 7,061
Gain on sale of leased equipment |  |  | 187 |  |  | 58 |  |  | — |  |  | 245
Other revenue |  |  | 1,856 |  |  | 210 |  |  | (195) |  |  | 1,871
Total revenue |  |  | 67,169 |  |  | 7,329 |  |  | (195) |  |  | 74,303
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | 18,297 |  |  | 87 |  |  | — |  |  | 18,384
Cost of spare parts and equipment sales |  |  | — |  |  | 5,906 |  |  | — |  |  | 5,906
Write-down of equipment |  |  | 3,578 |  |  | — |  |  | — |  |  | 3,578
General and administrative |  |  | 15,683 |  |  | 1,099 |  |  | — |  |  | 16,782
Technical expense |  |  | 3,232 |  |  | — |  |  | — |  |  | 3,232
Interest expense |  |  | 15,138 |  |  | — |  |  | — |  |  | 15,138
Total expenses |  |  | 55,928 |  |  | 7,092 |  |  | — |  |  | 63,020
Earnings from operations |  | $ | 11,241 |  | $ | 237 |  | $ | (195) |  | $ | 11,283
|  | Leasing and |  |  |  |  |  |  |  |
Six months ended June 30, 2018 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Lease rent revenue |  | $ | 82,726 |  | $ | — |  | $ | — |  | $ | 82,726
Maintenance reserve revenue |  |  | 37,485 |  |  | — |  |  | — |  |  | 37,485
Spare parts and equipment sales |  |  | — |  |  | 13,347 |  |  | — |  |  | 13,347
Gain on sale of leased equipment |  |  | 767 |  |  | 119 |  |  | — |  |  | 886
Other revenue |  |  | 3,706 |  |  | 1,323 |  |  | (1,277) |  |  | 3,752
Total revenue |  |  | 124,684 |  |  | 14,789 |  |  | (1,277) |  |  | 138,196
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | 35,565 |  |  | 174 |  |  | — |  |  | 35,739
Cost of spare parts and equipment sales |  |  | — |  |  | 10,689 |  |  | — |  |  | 10,689
Write-down of equipment |  |  | 3,578 |  |  | — |  |  | — |  |  | 3,578
General and administrative |  |  | 30,178 |  |  | 2,215 |  |  | — |  |  | 32,393
Technical expense |  |  | 6,909 |  |  | — |  |  | — |  |  | 6,909
Interest expense |  |  | 28,732 |  |  | — |  |  | — |  |  | 28,732
Total expenses |  |  | 104,962 |  |  | 13,078 |  |  | — |  |  | 118,040
Earnings from operations |  | $ | 19,722 |  | $ | 1,711 |  | $ | (1,277) |  | $ | 20,156
|  | Leasing and |  |  |  |  |  |  |  |
Three months ended June 30, 2017 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Lease rent revenue |  | $ | 31,337 |  | $ | — |  | $ | — |  | $ | 31,337
Maintenance reserve revenue |  |  | 11,881 |  |  | — |  |  | — |  |  | 11,881
Spare parts and equipment sales |  |  | 12,874 |  |  | 6,509 |  |  | — |  |  | 19,383
Gain on sale of leased equipment |  |  | 3,484 |  |  | 43 |  |  | — |  |  | 3,527
Other revenue |  |  | 1,649 |  |  | 276 |  |  | (209) |  |  | 1,716
Total revenue |  |  | 61,225 |  |  | 6,828 |  |  | (209) |  |  | 67,844
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | 15,929 |  |  | 86 |  |  | — |  |  | 16,015
Cost of spare parts and equipment sales (2) |  |  | 9,918 |  |  | 4,738 |  |  | — |  |  | 14,656
Write-down of equipment (2) |  |  | 1,351 |  |  | — |  |  | — |  |  | 1,351
General and administrative |  |  | 12,207 |  |  | 858 |  |  | — |  |  | 13,065
Technical expense |  |  | 2,448 |  |  | — |  |  | — |  |  | 2,448
Interest expense |  |  | 11,312 |  |  | — |  |  | — |  |  | 11,312
Total expenses |  |  | 53,165 |  |  | 5,682 |  |  | — |  |  | 58,847
Earnings from operations |  | $ | 8,060 |  | $ | 1,146 |  | $ | (209) |  | $ | 8,997
|  | Leasing and |  |  |  |  |  |  |  |
Six months ended June 30, 2017 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Lease rent revenue |  | $ | 61,572 |  | $ | — |  | $ | — |  | $ | 61,572
Maintenance reserve revenue |  |  | 43,843 |  |  | — |  |  | — |  |  | 43,843
Spare parts and equipment sales |  |  | 19,299 |  |  | 12,680 |  |  | — |  |  | 31,979
Gain on sale of leased equipment |  |  | 4,440 |  |  | 69 |  |  | — |  |  | 4,509
Other revenue |  |  | 3,774 |  |  | 450 |  |  | (336) |  |  | 3,888
Total revenue |  |  | 132,928 |  |  | 13,199 |  |  | (336) |  |  | 145,791
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | 32,470 |  |  | 174 |  |  | — |  |  | 32,644
Cost of spare parts and equipment sales (2) |  |  | 14,623 |  |  | 10,350 |  |  | — |  |  | 24,973
Write-down of equipment (2) |  |  | 13,442 |  |  | — |  |  | — |  |  | 13,442
General and administrative |  |  | 24,620 |  |  | 1,645 |  |  | — |  |  | 26,265
Technical expense |  |  | 4,740 |  |  | — |  |  | — |  |  | 4,740
Interest expense |  |  | 22,178 |  |  | — |  |  | — |  |  | 22,178
Total expenses |  |  | 112,073 |  |  | 12,169 |  |  | — |  |  | 124,242
Earnings from operations |  | $ | 20,855 |  | $ | 1,030 |  | $ | (336) |  | $ | 21,549
| (1) |  | Represents revenue generated between our operating segments.
| (2) |  | The amounts herein include reclassifications of scrap inventory write-offs and lower of cost or market write-downs that were previously presented within Write-down of equipment to the Costs of spare parts and equipment sales expense line item. The three and six months ended June 30, 2017 were impacted by a reclassification of $0.9 million and $1.8 million, respectively, reflected as an increase to Cost of spare parts and equipment sales and a decrease to Write-down of equipment.
|  | Leasing and |  |  |  |  |  |  |  |
|  | Related Operations |  | Spare Parts Sales |  | Eliminations |  | Total
Total assets as of June 30, 2018 |  | $ | 1,737,537 |  | $ | 45,898 |  | $ | — |  | $ | 1,783,435
Total assets as of December 31, 2017 |  | $ | 1,556,406 |  | $ | 47,025 |  | $ | — |  | $ | 1,603,431

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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