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v3.19.1

Reportable Segments (Details) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2019 USD ($) segment. | Mar. 31, 2018 USD ($) | Dec. 31, 2018 USD ($)
Reportable Segments |  |  |  |
Number of reportable segments | segment. |  | 2 |  |
Number of operating segments | segment. |  | 2 |  |
Revenue: |  |  |  |
Lease rent revenue |  | $ 48,369 | $ 39,644 |
Maintenance reserve revenue |  | 25,350 | 15,440 |
Spare parts and equipment sales |  | 17,502 | 12,986 |
Gain on sale of leased equipment |  | 9,570 | 545 |
Other revenue |  | 2,978 | 1,882 |
Total revenue |  | 103,769 | 70,497 |
Expenses: |  |  |  |
Depreciation and amortization expense |  | 20,258 | 17,355 |
Cost of spare parts and equipment sales |  | 14,412 | 11,388 |
Write-down of equipment |  | 1,105 | 0 |
General and administrative |  | 21,440 | 15,611 |
Technical expense |  | 1,788 | 3,677 |
Interest expense |  | 17,879 | 13,595 |
Total expenses |  | 76,882 | 61,626 |
Earnings from operations |  | 26,887 | 8,871 |
Total assets | [1] | 1,905,502 |  | $ 1,934,943
Operating Segments | Leasing and Related Operations |  |  |  |
Revenue: |  |  |  |
Lease rent revenue |  | 48,369 | 39,644 |
Maintenance reserve revenue |  | 25,350 | 15,440 |
Spare parts and equipment sales |  | 2,485 | 0 |
Gain on sale of leased equipment |  | 9,570 | 545 |
Other revenue |  | 2,978 | 1,851 |
Total revenue |  | 88,752 | 57,480 |
Expenses: |  |  |  |
Depreciation and amortization expense |  | 20,236 | 17,269 |
Cost of spare parts and equipment sales |  | 1,836 | 0 |
Write-down of equipment |  | 1,105 | 0 |
General and administrative |  | 19,974 | 14,495 |
Technical expense |  | 1,787 | 3,677 |
Interest expense |  | 17,879 | 13,595 |
Total expenses |  | 62,817 | 49,036 |
Earnings from operations |  | 25,935 | 8,444 |
Total assets |  | 1,851,884 |  | 1,882,860
Operating Segments | Spare Parts Sales |  |  |  |
Revenue: |  |  |  |
Lease rent revenue |  | 0 | 0 |
Maintenance reserve revenue |  | 0 | 0 |
Spare parts and equipment sales |  | 15,017 | 12,986 |
Gain on sale of leased equipment |  | 0 | 0 |
Other revenue |  | 94 | 1,113 |
Total revenue |  | 15,111 | 14,099 |
Expenses: |  |  |  |
Depreciation and amortization expense |  | 22 | 86 |
Cost of spare parts and equipment sales |  | 12,576 | 11,388 |
Write-down of equipment |  | 0 | 0 |
General and administrative |  | 1,466 | 1,116 |
Technical expense |  | 1 | 0 |
Interest expense |  | 0 | 0 |
Total expenses |  | 14,065 | 12,590 |
Earnings from operations |  | 1,046 | 1,509 |
Total assets |  | 53,618 |  | 52,083
Eliminations |  |  |  |
Revenue: |  |  |  |
Lease rent revenue |  | 0 | 0 |
Maintenance reserve revenue |  | 0 | 0 |
Spare parts and equipment sales |  | 0 | 0 |
Gain on sale of leased equipment |  | 0 | 0 |
Other revenue |  | (94) | (1,082) |
Total revenue |  | (94) | (1,082) |
Expenses: |  |  |  |
Depreciation and amortization expense |  | 0 | 0 |
Cost of spare parts and equipment sales |  | 0 | 0 |
Write-down of equipment |  | 0 | 0 |
General and administrative |  | 0 | 0 |
Technical expense |  | 0 | 0 |
Interest expense |  | 0 | 0 |
Total expenses |  | 0 | 0 |
Earnings from operations |  | (94) | $ (1,082) |
Total assets |  | $ 0 |  | $ 0
[1] | Total assets at March 31, 2019 and December 31, 2018, respectively, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Cash $268 and $656; Restricted cash $68,072 and $70,261; Equipment $1,020,182 and $1,032,599; and Other assets $328 and $1,075, respectively.

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