XML 41 R30.htm IDEA: XBRL DOCUMENT v3.22.1
INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)
3 Months Ended
Mar. 31, 2022
Intangible Assets and Liabilities Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets and Liabilities
Intangible assets and liabilities, net are summarized as follows:
March 31, 2022
Aviation LeasingJefferson TerminalTranstarTotal
Intangible assets
Acquired favorable lease intangibles$75,726 $ $ $75,726 
Less: Accumulated amortization(40,125)  (40,125)
Acquired favorable lease intangibles, net35,601   35,601 
Customer relationships 35,513 60,000 95,513 
Less: Accumulated amortization (26,926)(2,724)(29,650)
Acquired customer relationships, net 8,587 57,276 65,863 
Total intangible assets, net$35,601 $8,587 $57,276 $101,464 
Intangible liabilities
Acquired unfavorable lease intangibles$18,227 $ $ $18,227 
Less: Accumulated amortization(6,483)  (6,483)
Acquired unfavorable lease intangibles, net$11,744 $ $ $11,744 
December 31, 2021
Aviation LeasingJefferson TerminalTranstarTotal
Intangible assets
Acquired favorable lease intangibles$67,013 $— $— $67,013 
Less: Accumulated amortization(36,051)— — (36,051)
Acquired favorable lease intangibles, net30,962 — — 30,962 
Customer relationships— 35,513 60,000 95,513 
Less: Accumulated amortization— (26,038)(1,738)(27,776)
Acquired customer relationships, net— 9,475 58,262 67,737 
Total intangible assets, net$30,962 $9,475 $58,262 $98,699 
Intangible liabilities
Acquired unfavorable lease intangibles$14,795 $— $— $14,795 
Less: Accumulated amortization(6,068)— — (6,068)
Acquired unfavorable lease intangibles, net$8,727 $— $— $8,727 
Schedule of Intangible Assets and Liabilities Amortization of intangible assets and liabilities is as follows:
Classification in Consolidated Statements of OperationsThree Months Ended March 31,
20222021
Lease intangiblesEquipment leasing revenues$3,658 $752 
Customer relationshipsDepreciation and amortization1,875 888 
Total$5,533 $1,640 
Schedule of Net Annual Amortization of Intangibles
As of March 31, 2022, estimated net annual amortization of intangibles is as follows:
Remainder of 2021$14,706 
202315,516 
202411,142 
20255,955 
20264,519 
Thereafter37,882 
Total$89,720