Operating Segments (Tables)

3 Months Ended

Mar. 31, 2014

Operating Segments

Summary of the operating segments

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

For the three months ended March 31, 2014	Leasing and  Related Operations		Spare Parts Sales		Total
Revenue:
Lease rent revenue	$	26,900	$	—	$	26,900
Maintenance reserve revenue	14,030		—		14,030
Spare parts sales	—		79		79
Gain on sale of leased equipment	309		—		309
Other revenue	967		715		1,682
Total revenue	42,206		794		43,000
Expenses:
Depreciation and amortization expense	15,638		72		15,710
General and administrative	9,021		664		9,685
Net finance costs	9,359		—		9,359
Other expense	1,815		—		1,815
Total expenses	35,833		736		36,569
Earnings from operations	$	6,373	$	58	$	6,431
Total assets as of March 31, 2014	$	1,185,812	$	6,805	$	1,192,617
Total assets as of December 31, 2013	$	1,194,800	$	4,429	$	1,199,229