Operating Segments (Tables)

6 Months Ended

Jun. 30, 2015

Operating Segments

Summary of the operating segments

	Leasing and
For the three months ended June 30, 2015	Related Operations		Spare Parts Sales		Eliminations (1)		Total
Revenue:
Lease rent revenue	$	25,813	$	—	$	—	$	25,813
Maintenance reserve revenue		10,477		—		—		10,477
Spare parts sales		—		2,866		—		2,866
Gain on sale of leased equipment		3,234		—		—		3,234
Other revenue		813		100		(80)		833
Total revenue		40,337		2,966		(80)		43,223
Expenses:
Depreciation and amortization expense		17,596		72		—		17,668
Cost of spare parts sales		—		2,200		—		2,200
General and administrative		8,390		722		—		9,112
Net finance costs		9,756		104		—		9,860
Other expense		5,492		—		—		5,492
Total expenses		41,234		3,098		—		44,332
Earnings (loss) from operations	$	(897)	$	(132)	$	(80)	$	(1,109)
	Leasing and
For the six months ended June 30, 2015	Related Operations		Spare Parts Sales		Eliminations (1)		Total
Revenue:
Lease rent revenue	$	50,910	$	—	$	—	$	50,910
Maintenance reserve revenue		24,625		—		—		24,625
Spare parts sales		—		5,017		—		5,017
Gain on sale of leased equipment		3,896		—		—		3,896
Other revenue		1,429		396		(236)		1,589
Total revenue		80,860		5,413		(236)		86,037
Expenses:
Depreciation and amortization expense		35,229		144		—		35,373
Cost of spare parts sales		—		3,680		—		3,680
General and administrative		17,729		1,355		—		19,084
Net finance costs		18,082		194		—		18,276
Other expense		7,348		—		—		7,348
Total expenses		78,388		5,373		—		83,761
Earnings from operations	$	2,472	$	40	$	(236)	$	2,276
(1) Represents revenue generated between our        operating segments

	Leasing and
For the three months ended June 30, 2014	Related Operations		Spare Parts Sales		Eliminations		Total
Revenue:
Lease rent revenue	$	24,801	$	—	$	—	$	24,801
Maintenance reserve revenue		14,560		—		—		14,560
Spare parts sales		—		1,643		—		1,643
Gain on sale of leased equipment		1,591		—		—		1,591
Other revenue		552		718		—		1,270
Total revenue		41,504		2,361		—		43,865
Expenses:
Depreciation and amortization expense		15,662		73		—		15,735
Cost of spare parts sales		—		1,614		—		1,614
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		2,304		—		40,559
Earnings from operations	$	3,249	$	57	$	—	$	3,306
	Leasing and
For the six months ended June 30, 2014	Related Operations		Spare Parts Sales		Eliminations		Total
Revenue:
Lease rent revenue	$	51,701	$	—	$	—	$	51,701
Maintenance reserve revenue		28,590		—		—		28,590
Spare parts sales		—		2,061		—		2,061
Gain on sale of leased equipment		1,822		—		—		1,822
Other revenue		1,598		1,433		—		3,031
Total revenue		83,711		3,494		—		87,205
Expenses:
Depreciation and amortization expense		31,300		145		—		31,445
Cost of spare parts sales		—		1,954		—		1,954
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		3,380		—		77,469
Earnings from operations	$	9,622	$	114	$	—	$	9,736
Total assets as of June 30, 2015	$	1,264,481	$	17,746	$	—	$	1,282,227
Total assets as of December 31, 2014	$	1,241,837	$	19,789	$	—	$	1,261,626