Investments (Tables)

6 Months Ended

Jun. 30, 2018

Investments

Schedule of investments

Six Months Ended June 30, 2018	WMES		CASC Willis		Total
	(in thousands)
Investment in joint ventures as of December 31, 2017	$	36,014	$	14,627	$	50,641
Earnings (losses) from joint ventures		1,090		(27)		1,063
Deferred gain on engine sale		(723)		—		(723)
Foreign currency translation adjustment		—		(232)		(232)
Investment in joint ventures as of June 30, 2018	$	36,381	$	14,368	$	50,749

Summarized financial information

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
	(in thousands)				(in thousands)
Revenue	$	9,040	$	8,199	$	16,646	$	19,860
Expenses		7,551		6,700		14,354		15,129
WMES income before income taxes	$	1,489	$	1,499	$	2,292	$	4,731
					June 30,		December 31,
					2018		2017
					(in thousands)
Total assets					$	282,826	$	246,309
Total liabilities						199,741		165,228
Total WMES net equity					$	83,085	$	81,081