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Segment Information
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company operates in two reportable segments, as described below. The CAM segment consists of the Company's aircraft leasing operations and its segment earnings includes an allocation of interest expense. The ACMI Services segment consists of the Company's airline operations, including the CMI agreement with DHL as well as ACMI and charter service agreements that the Company has with other customers. Due to the similarities among the Company's airline operations, the airline operations are aggregated into a single reportable segment, ACMI Services. The Company's other activities, which include contracts with the USPS, the sale of aircraft parts and maintenance services, facility and ground equipment maintenance services and management services for workers' compensation do not constitute reportable segments and are combined in “All other” with inter-segment profit eliminations. Inter-segment revenues are valued at arms-length, market rates. Cash, cash equivalents and deferred tax assets are reflected in Assets - All other below. The Company's segment information from continuing operations is presented below (in thousands):
 
Three Months Ending
 
Six Months Ending
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Total revenues:
 
 
 
 
 
 
 
CAM
$
39,362

 
$
38,067

 
$
78,331

 
$
75,918

ACMI Services
106,604

 
121,389

 
217,920

 
234,584

All other
26,951

 
26,682

 
53,205

 
55,103

Eliminate inter-segment revenues
(34,013
)
 
(32,584
)
 
(67,273
)
 
(66,545
)
Total
$
138,904

 
$
153,554

 
$
282,183

 
$
299,060

Customer revenues:
 
 
 
 
 
 
 
CAM
$
17,845

 
$
18,635

 
$
36,181

 
$
38,024

ACMI Services
106,604

 
121,389

 
217,920

 
234,584

All other
14,455

 
13,530

 
28,082

 
26,452

Total
$
138,904

 
$
153,554

 
$
282,183

 
$
299,060

Depreciation and amortization expense:
 
 
 
 
 
 
 
CAM
$
14,803

 
$
14,680

 
$
29,319

 
$
29,101

ACMI Services
6,692

 
6,755

 
12,830

 
12,559

All other
270

 
79

 
536

 
154

Total
$
21,765

 
$
21,514

 
$
42,685

 
$
41,814

Segment earnings (loss):
 
 
 
 
 
 
 
CAM
$
17,214

 
$
16,667

 
$
34,087

 
$
33,485

ACMI Services
(9,093
)
 
(1,582
)
 
(14,497
)
 
(9,797
)
     All other
2,607

 
3,228

 
4,788

 
5,229

Net unallocated interest expense
(95
)
 
(344
)
 
(443
)
 
(665
)
Net gain on derivative instruments
452

 
202

 
742

 
662

Pre-tax earnings from continuing operations
$
11,085

 
$
18,171

 
$
24,677

 
$
28,914


The Company's assets are presented below by segment (in thousands):
 
June 30,
 
December 31,
 
2013
 
2012
Assets:
 
 
 
CAM
$
841,634

 
$
810,664

ACMI Services
171,430

 
161,650

All other
58,027

 
63,297

Total
$
1,071,091

 
$
1,035,611


Interest expense of $0.1 million and $0.3 million for the three and six month periods ending June 30, 2013, respectively, compared to $0.2 million and $0.5 million for the corresponding periods in 2012, respectively, was reimbursed through the commercial agreements with DHL and included in the ACMI Services segment earnings above. Interest expense allocated to CAM was $3.3 million and $5.9 million for the three and six month periods ending June 30, 2013, respectively, compared to $3.1 million and $6.0 million for the corresponding periods of 2012, respectively.