XML 87 R36.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Leases, Capital [Abstract] |
Lessee, Balance Sheet and Income Statement Effect [Table Text Block] | The following table summarizes the components of the Company's leases (in thousands):
Balance Sheet | Financial statement caption |  |  |  |  | December 31, 2019
Right-of-use asset - operating | Other assets |  |  |  |  | $ | 7,616 |
Lease liability - operating | Accounts payable and other accrued expenses |  |  |  |  | $ | 8,940 |
Income Statement |  | Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | Year Ended December 31, 2017
Operating lease cost(1) | Administrative expenses | $ | 3,012 |  |  | $ | 2,914 |  |  | $ | 2,444 |
(1) Includes short-term leases that are immaterial.
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | The following represents our future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities as of December 31, 2019 (in thousands):
Years ending December 31, |
2020 | $ | 3,223 |
2021 | 2,667 |
2022 | 2,247 |
2023 | 1,379 |
2024 | 67 |
2025 and thereafter | — |
Total undiscounted future cash flows related to lease payments | $ | 9,583 |
Less: imputed interest | (643 | )
Total present value of lease liability | $ | 8,940 |
Operating Lease, Lease Income [Table Text Block] | Operating Leases The following is the minimum future rental income as of December 31, 2019 under non-cancelable operating leases, assuming the minimum contractual lease term (in thousands):
Years ending December 31, |
2020 | $ | 828,350 |
2021 | 710,672 |
2022 | 591,425 |
2023 | 450,601 |
2024 | 333,161 |
2025 and thereafter | 641,498 |
Total | $ | 3,555,707 |
Schedule of components of the net investment in finance leases | The following table represents the components of the net investment in finance leases (in thousands):
| December 31, 2019 |  | December 31, 2018
Future minimum lease payment receivable(1) | $ | 476,443 |  |  | $ | 574,422 |
Estimated residual receivable(2) | 102,238 |  |  | 107,598 |
Gross finance lease receivables | 578,681 |  |  | 682,020 |
Unearned income(3) | (165,339 | ) |  | (203,955 | )
Net investment in finance leases(4) | $ | 413,342 |  |  | $ | 478,065 |
(1) | There were no executory costs included in gross finance lease receivables as of December 31, 2019 and 2018.
(2) | The Company's finance leases generally include a bargain purchase option and therefore, the Company has immaterial residual value risk for assets.
(3) | There were no unamortized initial direct costs as of December 31, 2019 and 2018.
(4) As of December 31, 2019, three major customers represented 55%, 24% and 11% of the Company's finance lease portfolio. As of December 31, 2018, three major customers represented 50%, 24% and 13% of the Company's finance lease portfolio. No other customer represented more than 10% of the Company's finance lease portfolio in each of those years.
Schedule of contractual maturities of the Company’s gross finance lease receivables | Maturities of the Company's gross finance lease receivables subsequent to December 31, 2019 are as follows (in thousands):
Years ending December 31, |
2020 | $ | 121,050 |
2021 | 86,315 |
2022 | 79,494 |
2023 | 60,855 |
2024 | 43,765 |
2025 and thereafter | 187,202 |
Total | $ | 578,681 |

X
- Definition Lessee, Balance Sheet and Income Statement Effect [Table Text Block] + References No definition available. + Details
Name: | trtn_LesseeBalanceSheetandIncomeStatementEffectTableTextBlock
Namespace Prefix: | trtn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=118952077&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919391-209981 + Details
Name: | us-gaap_SalesTypeAndDirectFinancingLeasesLeaseReceivableMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of the investment in leveraged leases. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=84165051&loc=d3e45424-112738 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118948374&loc=SL77920254-209983 + Details
Name: | us-gaap_ScheduleOfComponentsOfLeveragedLeaseInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration