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Equipment Held for Operating Lease and Notes Receivable | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Equipment Held for Operating Lease and Notes Receivable | Equipment Held for Operating Lease and Notes Receivable As of March 31, 2024, the Company had $2,130.3 million of equipment held in our operating lease portfolio, $97.9 million of notes receivable, $9.2 million of maintenance rights, and $33.0 million of investments in sales-type leases, which represented 337 engines, 14 aircraft, one marine vessel, and other leased parts and equipment. As of December 31, 2023, the Company had $2,112.8 million of equipment held in our operating lease portfolio, $92.6 million of notes receivable, $9.2 million of maintenance rights, and $8.8 million of investments in sales-type leases, which represented 337 engines, 12 aircraft, one marine vessel, and other leased parts and equipment. The following table disaggregates equipment held for operating lease by asset class (in thousands):
| March 31, 2024 |  | December 31, 2023
| Gross Value |  | Accumulated Depreciation |  | Net Book Value |  | Gross Value |  | Accumulated Depreciation |  | Net Book Value
Engines and related equipment | $ | 2,532,312 |  |  | $ | (566,338) |  |  | $ | 1,965,974 |  |  | $ | 2,535,148 |  |  | $ | (569,596) |  |  | $ | 1,965,552 |
Aircraft and airframes | 175,921 |  |  | (22,432) |  |  | 153,489 |  |  | 157,616 |  |  | (21,409) |  |  | 136,207 |
Marine vessel | 14,366 |  |  | (3,502) |  |  | 10,864 |  |  | 14,366 |  |  | (3,288) |  |  | 11,078 |
| $ | 2,722,599 |  |  | $ | (592,272) |  |  | $ | 2,130,327 |  |  | $ | 2,707,130 |  |  | $ | (594,293) |  |  | $ | 2,112,837 |
Notes Receivable and Investments in Sales-Type Leases During the three months ended March 31, 2024 and 2023, the Company recorded interest revenue related to the notes receivable and investments in sales-type leases of $2.3 million and $2.0 million, respectively. The effective interest rates on our notes receivable and investments in sales-type leases ranged from 7.1% to 12.2% as of March 31, 2024 and 7.1% to 12.2% as of March 31, 2023.

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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-30/tableOfContent + Details
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