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Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of the Reportable Segments

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

Three months ended March 31, 2023						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	53,220					$	—					$	—					$	53,220
Maintenance reserve revenue						23,498						—						—						23,498
Spare parts and equipment sales						55						4,997						—						5,052
Interest revenue						2,046						—						—						2,046
Loss on sale of leased equipment						(133)						—						—						(133)
Other revenue						5,788						98						(34)						5,852
Total revenue						84,474						5,095						(34)						89,535
Expenses:
Depreciation and amortization expense						22,517						32						—						22,549
Cost of spare parts and equipment sales						8						4,491						—						4,499
General and administrative						32,231						1,040						—						33,271
Technical expense						2,829						—						—						2,829
Net finance costs:
Interest expense						18,389						—						—						18,389
Total finance costs						18,389						—						—						18,389
Total expenses						75,974						5,563						—						81,537
Income (loss) from operations						$	8,500					$	(468)					$	(34)					$	7,998

Three months ended March 31, 2022						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	38,125					$	—					$	—					$	38,125
Maintenance reserve revenue						14,834						—						—						14,834
Spare parts and equipment sales						202						6,428						—						6,630
Interest revenue						2,114						—						—						2,114
Gain on sale of leased equipment						2,298						—						—						2,298
Other revenue						4,698						176						(58)						4,816
Total revenue						62,271						6,604						(58)						68,817
Expenses:
Depreciation and amortization expense						21,782						27						—						21,809
Cost of spare parts and equipment sales						6						4,856						—						4,862
Write-down of equipment						21,117						—						—						21,117
General and administrative						22,806						799						—						23,605
Technical expense						5,646						—						—						5,646
Net finance costs:
Interest expense						16,883						—						—						16,883
Total finance costs						16,883						—						—						16,883
Total expenses						88,240						5,682						—						93,922
(Loss) income from operations						$	(25,969)					$	922					$	(58)					$	(25,105)

						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Total assets as of March 31, 2023						$	2,542,279					$	45,055					$	—					$	2,587,334
Total assets as of December 31, 2022						$	2,530,130					$	45,087					$	—					$	2,575,217

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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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=121556970&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 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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