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Equipment Held for Sale (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Disclosure of Long Lived Assets Held-for-sale

The Company's equipment held for sale is recorded at the lower of fair value less cost to sell, or carrying value at the time identified for sale. Fair value is measured using Level 2 inputs and is based predominantly on recent sales prices. An impairment charge is recorded when the carrying value of the asset exceeds its fair value less cost to sell. The following table summarizes the Company's net impairment charges recorded in Net gain on sale of leasing equipment on the Consolidated Statements of Operations (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Impairment (loss) reversal on equipment held for sale			$	(2,959)					$	(239)					$	(5,770)					$	(398)
Gain (loss) on sale of equipment, net of selling costs			15,277						26,707						55,171						90,907
Net gain on sale of leasing equipment			$	12,318					$	26,468					$	49,401					$	90,509

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- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-3

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- References

No definition available.

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