XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.23.1

BUSINESS SEGMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
BUSINESS SEGMENTS |
Summary of selected financial information for each segment | Selected financial information for each segment for the three months ended March 31, 2023 and 2022 is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ | ​ | 2023 |  | 2022
Revenue | ​ | ​ | ​ |  | ​ | ​
Asset Management Solutions | ​ | ​ | ​ |  | ​ | ​
Aircraft | ​ | $ | 24,895 | ​ | $ | 14,983
Engine | ​ |  | 23,535 | ​ |  | 59,547
​ | ​ |  | 48,430 | ​ |  | 74,530
TechOps | ​ |  | ​ | ​ |  | ​
MRO services | ​ |  | 27,154 | ​ |  | 22,237
Product sales | ​ |  | 2,687 | ​ |  | 2,084
Whole asset sales | ​ |  | — | ​ |  | 23,955
​ | ​ |  | 29,841 | ​ |  | 48,276
Total | ​ | $ | 78,271 | ​ | $ | 122,806
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ | ​ | 2023 |  | 2022
Gross profit | ​ |  | ​ | ​ |  | ​
Asset Management Solutions | ​ |  | ​ | ​ |  | ​
Aircraft | ​ | $ | 8,455 | ​ | $ | 5,365
Engine | ​ |  | 9,604 | ​ |  | 26,010
​ | ​ |  | 18,059 | ​ |  | 31,375
TechOps | ​ |  | ​ | ​ |  | ​
MRO services | ​ |  | 5,945 | ​ |  | 6,251
Product sales | ​ |  | 387 | ​ |  | 1,204
Whole asset sales | ​ |  | — | ​ |  | 7,873
​ | ​ |  | 6,332 | ​ |  | 15,328
Total | ​ | $ | 24,391 | ​ | $ | 46,703
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023 | ​ | December 31, 2022
Total assets | ​ | ​ | ​ | ​ | ​ | ​
Asset Management Solutions | ​ | $ | 283,021 | ​ | $ | 233,034
Tech Ops | ​ | ​ | 157,683 | ​ | ​ | 141,406
Corporate | ​ | ​ | 96,617 | ​ | ​ | 157,139
​ | ​ | $ | 537,321 | ​ | $ | 531,579
​
Summary of reconciliation segment gross profit to income before income tax provision | The following table reconciles segment gross profit to income before income tax provision for the three months ended March 31, 2023 and 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended March 31,
​ | ​ | 2023 |  | 2022
Segment gross profit | ​ | $ | 24,391 | ​ | $ | 46,703
Selling, general and administrative expenses | ​ |  | (25,224) | ​ |  | (23,766)
Interest income (expense), net | ​ |  | 1,047 | ​ |  | (195)
Other income, net | ​ |  | 233 | ​ |  | 365
Change in fair value of warrant liability | ​ | ​ | (334) | ​ | ​ | (1,234)
Income before income tax provision | ​ | $ | 113 | ​ | $ | 21,873
​
Summary of intersegment revenues | Intersegment revenue for the three months ended March 31, 2023 and 2022, is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended March 31,
​ | 2023 |  | 2022
Asset Management Solutions | $ | 1,821 | ​ | $ | 64
TechOps |  | 3,758 | ​ |  | 7,005
Total intersegment revenues | $ | 5,579 | ​ | $ | 7,069

X
- Definition The tabular disclosure of total intersegment revenues. + References No definition available. + Details
Name: | asle_ScheduleOfIntersegmentRevenuesTableTextBlock
Namespace Prefix: | asle_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration