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Operating Segments (Tables)
12 Months Ended
Dec. 31, 2013
Operating Segments  
Summary of the operating segments

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

 

For the year ended December 31, 2013

 

Leasing and
Related Operations

 

Spare Parts Sales

 

Total

 

Revenue:

 

 

 

 

 

 

 

Lease rent revenue

 

$

101,737

 

$

 

$

101,737

 

Maintenance reserve revenue

 

46,694

 

 

46,694

 

Spare parts sales

 

 

88

 

88

 

Gain on sale of leased equipment

 

5,675

 

 

5,675

 

Other revenue

 

3,365

 

853

 

4,218

 

Total revenue

 

157,471

 

941

 

158,412

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

Depreciation and amortization expense

 

58,684

 

43

 

58,727

 

General and administrative

 

33,490

 

378

 

33,868

 

Interest expense

 

38,719

 

 

38,719

 

Other expense

 

19,312

 

12

 

19,324

 

Total expenses

 

150,205

 

433

 

150,638

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

7,266

 

$

508

 

$

7,774

 

 

 

 

 

 

 

 

 

Total assets as of December 31, 2013

 

$

1,194,800

 

$

4,429

 

$

1,199,229