Operating Segments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2014	Leasing and Related Operations		Spare Parts Sales		Total
Revenue:
Lease rent revenue	$	24,801	$	—	$	24,801
Maintenance reserve revenue	14,560		—		14,560
Spare parts sales	—		29		29
Gain on sale of leased equipment	1,591		—		1,591
Other revenue	552		718		1,270
Total revenue	41,504		747		42,251
Expenses:
Depreciation and amortization expense	15,662		73		15,735
General and administrative	8,644		617		9,261
Net finance costs	9,396		—		9,396
Other expense	4,553		—		4,553
Total expenses	38,255		690		38,945
Earnings from operations	$	3,249	$	57	$	3,306

For the six months ended June 30, 2014	Leasing and Related Operations		Spare Parts Sales		Total
Revenue:
Lease rent revenue	$	51,701	$	—	$	51,701
Maintenance reserve revenue	28,590		—		28,590
Spare parts sales	—		108		108
Gain on sale of leased equipment	1,821		—		1,821
Other revenue	1,598		1,433		3,031
Total revenue	83,710		1,541		85,251
Expenses:
Depreciation and amortization expense	31,300		145		31,445
General and administrative	17,666		1,281		18,947
Net finance costs	18,755		—		18,755
Other expense	6,368		—		6,368
Total expenses	74,089		1,426		75,515
Earnings from operations	$	9,621	$	115	$	9,736
Total assets as of June 30, 2014	$	1,176,045	$	3,207	$	1,179,252
Total assets as of December 31, 2013	$	1,194,800	$	4,429	$	1,199,229