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Segment Information (Tables)
3 Months Ended
Mar. 31, 2024
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 months ended March 31, 2024 and 2023 (unaudited) were as follows:

 

 

Three Months Ended

 

(millions)

 

March 31, 2024

 

 

March 31, 2023

 

Services revenue

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

Management type contracts

 

$

89.5

 

 

$

79.8

 

Lease type contracts

 

 

58.4

 

 

 

64.6

 

Total Commercial

 

 

147.9

 

 

 

144.4

 

Aviation

 

 

 

 

 

 

Management type contracts

 

 

70.0

 

 

 

68.3

 

Lease type contracts

 

 

4.2

 

 

 

3.6

 

Total Aviation

 

 

74.2

 

 

 

71.9

 

Reimbursed management type contract revenue

 

 

229.8

 

 

 

209.0

 

Total services revenue

 

$

451.9

 

 

$

425.3

 

Operating income (loss)

 

 

 

 

 

 

Commercial

 

$

32.4

 

 

$

31.2

 

Aviation

 

 

11.2

 

 

 

8.6

 

Other

 

 

(24.7

)

 

 

(20.5

)

Total operating income

 

$

18.9

 

 

$

19.3

 

General and administrative expenses

 

 

 

 

 

 

Commercial

 

$

8.5

 

 

$

8.2

 

Aviation

 

 

4.1

 

 

 

3.9

 

Other

 

 

22.2

 

 

 

18.5

 

Total general and administrative expenses

 

$

34.8

 

 

$

30.6

 

Depreciation and amortization

 

 

 

 

 

 

Commercial(1)

 

$

3.9

 

 

$

3.6

 

Aviation(2)

 

 

2.6

 

 

 

2.8

 

Other

 

 

2.5

 

 

 

2.0

 

Total depreciation and amortization

 

$

9.0

 

 

$

8.4

 

(1)
Included depreciation and amortization expenses related to cost of services activities of $2.2 million and $1.9 million during the three months ended March 31, 2024 and 2023, respectively.
(2)
Included depreciation and amortization expenses related to cost of service activities of $1.2 million and $1.3 million during the three months ended March 31, 2024 and 2023, respectively.