Operating Segments (Tables)

3 Months Ended

Mar. 31, 2016

Operating Segments

Summary of the operating segments

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

	Leasing and
For the three months ended March 31, 2016	Related Operations		Spare Parts Sales		Eliminations (1)		Total
Revenue:
Lease rent revenue	$	28,139	$	—	$	—	$	28,139
Maintenance reserve revenue		15,819		—		—		15,819
Spare parts sales		—		2,609		—		2,609
Gain on sale of leased equipment		2,989		—		—		2,989
Other revenue		933		358		(291)		1,000
Total revenue		47,880		2,967		(291)		50,556
Expenses:
Depreciation and amortization expense		16,562		82		—		16,644
Cost of spare parts sales		—		1,915		—		1,915
General and administrative		10,980		772		—		11,752
Net finance costs		9,913		95		—		10,008
Other expense		3,732		—		—		3,732
Total expenses		41,187		2,864		—		44,051
Earnings from operations	$	6,693	$	103	$	(291)	$	6,505
	Leasing and
For the three months ended March 31, 2015	Related Operations		Spare Parts Sales		Eliminations (1)		Total
Revenue:
Lease rent revenue	$	25,097	$	—	$	—	$	25,097
Maintenance reserve revenue		14,148		—		—		14,148
Spare parts sales		—		2,151		—		2,151
Gain on sale of leased equipment		662		—		—		662
Other revenue		617		295		(156)		756
Total revenue		40,524		2,446		(156)		42,814
Expenses:
Depreciation and amortization expense		17,633		72		—		17,705
Cost of spare parts sales		—		1,480		—		1,480
General and administrative		9,337		635		—		9,972
Net finance costs		8,326		90		—		8,416
Other expense		1,856		—		—		1,856
Total expenses		37,152		2,277		—		39,429
Earnings from operations	$	3,372	$	169	$	(156)	$	3,385
(1) Represents revenue generated between our        operating segments
Total assets as of March 31, 2016	$	1,252,992	$	24,468	$	—	$	1,277,460
Total assets as of December 31, 2015	$	1,269,396	$	26,586	$	—	$	1,295,982