Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summary of the reportable segments

The following tables present a summary of the reportable segments (in thousands):

For the year ended December 31, 2019	Leasing and Related Operations		Spare Parts Sales		Eliminations (1)			Total
Revenue:
Lease rent revenue	$	190,690	$	—	$	—		$	190,690
Maintenance reserve revenue	108,998		—		—			108,998
Spare parts and equipment sales	18,684		55,967		—			74,651
Gain on sale of leased equipment	20,044		—		—			20,044
Other revenue	14,738		277		(238		)	14,777
Total revenue	353,154		56,244		(238		)	409,160
Expenses:
Depreciation and amortization expense	86,159		77		—			86,236
Cost of spare parts and equipment sales	15,241		47,406		—			62,647
Write-down of equipment	18,220		—		—			18,220
General and administrative	81,302		5,221		—			86,523
Technical expense	8,122		—		—			8,122
Net finance costs:
Interest expense	66,889		—		—			66,889
Loss on debt extinguishment	220		—		—			220
Total finance costs	67,109		—		—			67,109
Total expenses	276,153		52,704		—			328,857
Earnings from operations	$	77,001	$	3,540	$	(238	)	$	80,303

For the Year ended December 31, 2018	Leasing and Related Operations		Spare Parts Sales		Eliminations (1)			Total
Revenue:
Lease rent revenue	$	175,609	$	—	$	—		$	175,609
Maintenance reserve revenue	87,009		—		—			87,009
Spare parts and equipment sales	30,122		41,019		—			71,141
Gain on sale of leased equipment	6,944		—		—			6,944
Other revenue	7,579		1,727		(1,662		)	7,644
Total revenue	307,263		42,746		(1,662		)	348,347
Expenses:
Depreciation and amortization expense	76,502		312		—			76,814
Cost of spare parts and equipment sales	28,290		32,735		—			61,025
Write-down of equipment	10,651		—		—			10,651
General and administrative	67,608		4,413		—			72,021
Technical expense	11,142		—		—			11,142
Interest expense	64,220		—		—			64,220
Total expenses	258,413		37,460		—			295,873
Earnings from operations	$	48,850	$	5,286	$	(1,662	)	$	52,474

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(1) Represents revenue generated between our operating segments.

	Leasing and Related Operations		Spare Parts Sales		Eliminations		Total
Total assets as of December 31, 2019	$	1,898,313	$	42,295	$	—	$	1,940,608
Total assets as of December 31, 2018	$	1,882,860	$	52,083	$	—	$	1,934,943