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Equipment Held for Operating Lease and Notes Receivable
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Equipment Held for Operating Lease and Notes Receivable Equipment Held for Operating Lease and Notes Receivable
As of September 30, 2021, the Company had $1,971.3 million equipment held for operating lease portfolio and $196.1 million notes receivable which represented 313 engines, eight aircraft, one marine vessel and other leased parts and equipment. As of December 31, 2020, the Company had $1,886.6 million equipment held for operating lease portfolio and $158.7 million notes receivable which represented 291 engines, eight aircraft, one marine vessel and other leased parts and equipment.
The following table disaggregates equipment held for operating lease by asset class (in thousands):
September 30, 2021December 31, 2020
Gross ValueAccumulated DepreciationNet Book ValueGross ValueAccumulated DepreciationNet Book Value
Engines and related equipment$2,381,719 $(497,146)$1,884,573 $2,238,160 $(445,780)$1,792,380 
Aircraft and airframes82,128 (6,903)75,225 89,613 (7,312)82,301 
Marine vessel13,010 (1,556)11,454 12,963 (1,031)11,932 
$2,476,857 $(505,605)$1,971,252 $2,340,736 $(454,123)$1,886,613 
Notes Receivable
During the three months ended September 30, 2021 and 2020, the Company recorded interest income related to the notes receivable of $3.6 million and $3.1 million, respectively, and $10.1 million and $6.7 million during the nine months ended September 30, 2021 and 2020, respectively, and is presented within Other revenue. The effective interest rates on our notes receivable ranged from 6.3% to 12.2% as of September 30, 2021 and 6.3% to 16.6% as of September 30, 2020.