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Equipment Held for Sale

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Equipment Held for Sale

Equipment 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 components of Net gain on sale of leasing equipment on the Consolidated Statements of Operations (in thousands):

			Year Ended December 31,
			2023						2022						2021
Impairment (loss) reversal on equipment held for sale			$	(7,144)					$	(887)					$	16
Gain (loss) on sale of equipment, net of selling costs			65,759						116,552						107,044
Net gain on sale of leasing equipment			$	58,615					$	115,665					$	107,060

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- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//205-20/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//360/tableOfContent

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- References

No definition available.

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