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Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Summary of the reportable segments

The following tables present a summary of the reportable segments (in thousands):

Three Months Ended March 31, 2020		Leasing and  Related Operations				Spare Parts Sales				Eliminations (1)				Total
Revenue:
Lease rent revenue		$	46,395			$	—			$	—			$	46,395
Maintenance reserve revenue		20,528				—				—				20,528
Spare parts and equipment sales		1,225				7,880				—				9,105
Gain on sale of leased equipment		2,067				—				—				2,067
Other revenue		3,509				239				(234		)		3,514
Total revenue		73,724				8,119				(234		)		81,609
Expenses:
Depreciation and amortization expense		23,375				15				—				23,390
Cost of spare parts and equipment sales		148				6,540				—				6,688
Write-down of equipment		2,129				—				—				2,129
General and administrative		18,542				1,025				—				19,567
Technical expense		1,127				—				—				1,127
Net finance costs:
Interest expense		15,696				—				—				15,696
Loss on debt extinguishment		4,688				—				—				4,688
Total finance costs		20,384				—				—				20,384
Total expenses		65,705				7,580				—				73,285
Earnings from operations		$	8,019			$	539			$	(234	)		$	8,324
Three Months Ended March 31, 2019		Leasing and  Related Operations				Spare Parts Sales				Eliminations (1)				Total
Revenue:
Lease rent revenue		$	48,369			$	—			$	—			$	48,369
Maintenance reserve revenue		25,350				—				—				25,350
Spare parts and equipment sales		2,485				15,017				—				17,502
Gain on sale of leased equipment		9,570				—				—				9,570
Other revenue		2,978				94				(94		)		2,978
Total revenue		88,752				15,111				(94		)		103,769
Expenses:
Depreciation and amortization expense		20,236				22				—				20,258
Cost of spare parts and equipment sales		1,836				12,576				—				14,412
Write-down of equipment		1,105				—				—				1,105
General and administrative		19,974				1,466				—				21,440
Technical expense		1,787				1				—				1,788
Interest expense		17,879				—				—				17,879
Total expenses		62,817				14,065				—				76,882
Earnings from operations		$	25,935			$	1,046			$	(94	)		$	26,887

______________________________

(1) Represents revenue generated between our operating segments.

		Leasing and  Related Operations				Spare Parts Sales				Eliminations				Total
Total assets as of March 31, 2020		$	2,280,355			$	46,300			$	—			$	2,326,655
Total assets as of December 31, 2019		$	1,898,313			$	42,295			$	—			$	1,940,608

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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