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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information by Regions

Revenue, operating income (loss), general and administrative expenses and depreciation and amortization by operating segment during the three and six months ended June 30, 2023 and 2022 (unaudited) were as follows:

 

 

Three Months Ended

Six Months Ended

 

(millions)

 

June 30, 2023

 

 

June 30, 2022

 

 

June 30, 2023

 

 

June 30, 2022

 

Services revenue

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Lease type contracts

 

$

72.4

 

 

$

67.1

 

 

$

137.0

 

 

$

126.3

 

Management type contracts

 

 

75.2

 

 

 

65.8

 

 

 

155.0

 

 

 

137.8

 

Total Commercial

 

 

147.6

 

 

 

132.9

 

 

 

292.0

 

 

 

264.1

 

Aviation

 

 

 

 

 

 

 

 

 

 

 

 

Lease type contracts

 

 

3.9

 

 

 

3.5

 

 

 

7.5

 

 

 

6.9

 

Management type contracts

 

 

69.8

 

 

 

60.1

 

 

 

138.1

 

 

 

109.9

 

Total Aviation

 

 

73.7

 

 

 

63.6

 

 

 

145.6

 

 

 

116.8

 

Reimbursed management type contract revenue

 

 

220.9

 

 

 

184.5

 

 

 

429.9

 

 

 

349.9

 

Total services revenue

 

$

442.2

 

 

$

381.0

 

 

$

867.5

 

 

$

730.8

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

36.1

 

 

$

34.7

 

 

$

67.3

 

 

$

63.3

 

Aviation

 

 

9.6

 

 

 

8.5

 

 

 

18.2

 

 

 

16.6

 

Other

 

 

(20.4

)

 

 

(17.6

)

 

 

(40.9

)

 

 

(34.2

)

Total operating income

 

$

25.3

 

 

$

25.6

 

 

$

44.6

 

 

$

45.7

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

9.3

 

 

$

7.8

 

 

$

17.5

 

 

$

13.9

 

Aviation

 

 

4.0

 

 

 

2.9

 

 

 

7.9

 

 

 

5.6

 

Other

 

 

18.5

 

 

 

16.0

 

 

 

37.0

 

 

 

31.7

 

Total general and administrative expenses

 

$

31.8

 

 

$

26.7

 

 

$

62.4

 

 

$

51.2

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Commercial(1)

 

$

3.8

 

 

$

2.8

 

 

$

7.4

 

 

$

5.8

 

Aviation(2)

 

 

3.1

 

 

 

2.1

 

 

 

5.9

 

 

 

5.0

 

Other

 

 

1.9

 

 

 

1.6

 

 

 

3.9

 

 

 

2.5

 

Total depreciation and amortization

 

$

8.8

 

 

$

6.5

 

 

$

17.2

 

 

$

13.3

 
(1)
Included depreciation and amortization expenses related to cost of services activities of $2.2 million and $1.6 million during the three months ended June 30, 2023 and 2022, respectively, and $4.1 million and $3.4 million during the six months ended June 30, 2023 and 2022, respectively.
(2)
Included depreciation and amortization expenses related to cost of service activities of $1.5 million and $1.1 million during the three months ended June 30, 2023 and 2022, respectively, and $2.8 million and $2.2 million during the six months ended June 30, 2023 and 2022, respectively.