Investments (Tables)

9 Months Ended

Sep. 30, 2018

Investments

Schedule of investments

Nine Months Ended September 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		1,831		(262)		1,569
Deferred gain on engine sale		(1,280)		—		(1,280)
Distribution		(5,730)		—		(5,730)
Foreign currency translation adjustment		—		(762)		(762)
Investment in joint ventures as of September 30, 2018	$	30,835	$	13,603	$	44,438

Summarized financial information

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(in thousands)				(in thousands)
Revenue	$	9,987	$	12,286	$	26,633	$	32,146
Expenses		8,408		6,366		22,762		20,820
WMES income before income taxes	$	1,579	$	5,920	$	3,871	$	11,326
					September 30,		December 31,
					2018		2017
					(in thousands)
Total assets					$	284,988	$	246,309
Total liabilities						211,981		165,228
Total WMES net equity					$	73,007	$	81,081