XML 25 R48.htm IDEA: XBRL DOCUMENT v3.20.1
Reportable Segments (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2020
USD ($)
segment.
Mar. 31, 2019
USD ($)
Dec. 31, 2019
USD ($)
Reportable Segments      
Number of reportable segments | segment. 2    
Number of operating segments | segment. 2    
Revenue:      
Lease rent revenue $ 66,923 $ 73,719  
Maintenance reserve revenue 20,528 25,350  
Gain on sale of leased equipment 2,067 9,570  
Total revenue 81,609 103,769  
Expenses:      
Depreciation and amortization expense 23,390 20,258  
Cost of spare parts and equipment sales 6,688 14,412  
Write-down of equipment 2,129 1,105  
General and administrative 19,567 21,440  
Technical expense 1,127 1,788  
Interest expense 15,696 17,879  
Loss on debt extinguishment 4,688 0  
Total net finance costs 20,384 17,879  
Total expenses 73,285 76,882  
Earnings from operations 8,324 26,887  
Total assets [1] 2,326,655   $ 1,940,608
Operating Segments | Leasing and Related Operations      
Revenue:      
Lease rent revenue 66,923 73,719  
Gain on sale of leased equipment 2,067 9,570  
Total revenue 73,724 88,752  
Expenses:      
Depreciation and amortization expense 23,375 20,236  
Cost of spare parts and equipment sales 148 1,836  
Write-down of equipment 2,129 1,105  
General and administrative 18,542 19,974  
Technical expense 1,127 1,787  
Interest expense 15,696 17,879  
Loss on debt extinguishment 4,688    
Total net finance costs 20,384    
Total expenses 65,705 62,817  
Earnings from operations 8,019 25,935  
Total assets 2,280,355   1,898,313
Operating Segments | Spare Parts Sales      
Revenue:      
Lease rent revenue 0 0  
Gain on sale of leased equipment 0 0  
Total revenue 8,119 15,111  
Expenses:      
Depreciation and amortization expense 15 22  
Cost of spare parts and equipment sales 6,540 12,576  
Write-down of equipment 0 0  
General and administrative 1,025 1,466  
Technical expense 0 1  
Interest expense 0 0  
Loss on debt extinguishment 0    
Total net finance costs 0    
Total expenses 7,580 14,065  
Earnings from operations 539 1,046  
Total assets 46,300   42,295
Eliminations      
Revenue:      
Lease rent revenue 0 0  
Gain on sale of leased equipment 0 0  
Total revenue (234) (94)  
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  
Loss on debt extinguishment 0    
Total net finance costs 0    
Total expenses 0 0  
Earnings from operations (234) (94)  
Total assets 0   $ 0
Lease rent revenue      
Revenue:      
Lease rent revenue 46,395 48,369  
Lease rent revenue | Operating Segments | Leasing and Related Operations      
Revenue:      
Lease rent revenue 46,395 48,369  
Lease rent revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Lease rent revenue 0 0  
Lease rent revenue | Eliminations      
Revenue:      
Lease rent revenue 0 0  
Maintenance reserve revenue      
Revenue:      
Lease rent revenue 20,528 25,350  
Maintenance reserve revenue | Operating Segments | Leasing and Related Operations      
Revenue:      
Lease rent revenue 20,528 25,350  
Maintenance reserve revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Lease rent revenue 0 0  
Maintenance reserve revenue | Eliminations      
Revenue:      
Lease rent revenue 0 0  
Spare parts and equipment sales      
Revenue:      
Maintenance reserve revenue 9,105 17,502  
Spare parts and equipment sales | Operating Segments | Leasing and Related Operations      
Revenue:      
Maintenance reserve revenue 1,225 2,485  
Spare parts and equipment sales | Operating Segments | Spare Parts Sales      
Revenue:      
Maintenance reserve revenue 7,880 15,017  
Spare parts and equipment sales | Eliminations      
Revenue:      
Maintenance reserve revenue 0 0  
Other revenue      
Revenue:      
Maintenance reserve revenue 3,514 2,978  
Other revenue | Operating Segments | Leasing and Related Operations      
Revenue:      
Maintenance reserve revenue 3,509 2,978  
Other revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Maintenance reserve revenue 239 94  
Other revenue | Eliminations      
Revenue:      
Maintenance reserve revenue $ (234) $ (94)  
[1]
Total assets at March 31, 2020 and December 31, 2019, respectively, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Cash nil and $134; Restricted cash $235,461 and $56,523; Equipment $1,167,154 and $1,004,851; Maintenance Rights $3,133 and $3,133; Inventory nil and $2,832; and Other assets $644  and $668, respectively.