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Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of segment information

The following tables summarizes the Company's segment information and the consolidated totals reported (in thousands):

As of and for the Year Ended December 31, 2024			Equipment Leasing						Equipment Trading						Totals
Total leasing revenues			$	1,527,035					$	7,801					$	1,534,836
Less:
Depreciation and amortization			540,646						822						541,468
Interest and debt expense			259,236						705						259,941
Storage and handling			51,765						—						51,765
Repair costs			9,045						—						9,045
Other operating expenses			5,579						—						5,579
Administrative expenses(1)			90,130						1,071						91,201
Other (income)expenses(2)			(1,609)						—						(1,609)
Leasing margin			$	572,243					$	5,203					$	577,446
Net trading margin			—						4,296						4,296
Net gain (loss) on sale of leasing equipment			12,369						—						12,369
Transaction and other costs															(26,986)
Other costs (income)(3)															(127)
Income (loss) before income taxes															$	566,998
Total assets			11,038,251						65,152						11,103,403
Purchases of leasing equipment and investments in finance leases(4)			$	929,449					$	—					$	929,449

As of and for the Year Ended December 31, 2023			Equipment Leasing						Equipment Trading						Totals
Total leasing revenues			$	1,537,351					$	6,441					$	1,543,792
Less:
Depreciation and amortization			574,767						784						575,551
Interest and debt expense			239,844						994						240,838
Storage and handling			78,608						—						78,608
Repair costs			14,811						—						14,811
Other operating expenses			8,133						—						8,133
Administrative expenses(1)			86,774						2,065						88,839
Other (income)expenses(2)			(4,012)						—						(4,012)
Leasing margin			$	538,426					$	2,598					$	541,024
Net trading margin			—						7,899						7,899
Net gain (loss) on sale of leasing equipment			58,615						—						58,615
Transaction and other costs															(79,000)
Other costs (income)(3)															15
Income (loss) before income taxes															$	528,553
Total assets			11,164,052						68,816						11,232,868
Purchases of leasing equipment and investments in finance leases(4)			$	208,242					$	—					$	208,242

As of and for the Year Ended December 31, 2022			Equipment Leasing						Equipment Trading						Totals
Total leasing revenues			$	1,665,880					$	13,806					$	1,679,686
Less:
Depreciation and amortization			634,090						747						634,837
Interest and debt expense			224,470						1,621						226,091
Storage and handling			22,990						—						22,990
Repair costs			13,485						—						13,485
Other operating expenses			5,906						—						5,906
Administrative expenses(1)			91,091						1,920						93,011
Other (income)expenses(2)			(4,284)						—						(4,284)
Leasing margin			$	678,132					$	9,518					$	687,650
Net trading margin			—						16,004						16,004
Net gain (loss) on sale of leasing equipment			115,665						—						115,665
Transaction and other costs			—						—						—
Other costs (income)(3)															(1,590)
Income (loss) before income taxes															$	817,729
Total assets			12,010,654						98,604						12,109,258
Purchases of leasing equipment and investments in finance leases(4)			$	943,062					$	—					$	943,062

(1)     Certain Administrative expenses have been allocated to the equipment trading segment based on a methodology that is consistent in all the periods presented.

(2) Other segment items primarily include the provision (reversal) for doubtful accounts.

(3)    Other non-allocated costs (income) include unrealized gains or losses on derivative instruments and debt termination expense.

(4)    Represents cash disbursements for purchases of leasing equipment and investments in finance leases as reflected in the Consolidated Statements of Cash Flows for the periods indicated, but excludes cash flows associated with the purchase of equipment held for resale.

Geographic allocation of revenues for the periods indicated based on the customers primary domicile and allocates equipment trading revenue based on the location of sale

The following table summarizes the geographic allocation of total leasing revenues based on customers' primary domicile (in thousands):

			Year Ended December 31,
			2024						2023						2022
Total leasing revenues:
Asia			$	559,938					$	529,150					$	602,985
Europe			820,633						822,902						876,691
Americas			89,075						132,930						142,822
Bermuda			4,335						4,203						3,135
Other International			60,855						54,607						54,053
Total			$	1,534,836					$	1,543,792					$	1,679,686

The following table summarizes the geographic allocation of equipment trading revenues based on the location of the sale (in thousands):

			Year Ended December 31,
			2024						2023						2022
Total equipment trading revenues:
Asia			$	14,367					$	32,673					$	71,739
Europe			9,716						19,978						27,620
Americas			15,824						23,897						43,120
Bermuda			—						—						—
Other International			8,730						19,450						5,395
Total			$	48,637					$	95,998					$	147,874

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
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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.

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