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Segment Information
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company operates in two reportable segments. The CAM segment consists of the Company's aircraft leasing operations and its segment earnings include an allocation of interest expense. The ACMI Services segment consists of the Company's airline operations, including CMI agreements 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 U.S. Postal Service ("USPS"), the sale of aircraft parts and maintenance services, hub management services, facility and ground equipment maintenance services, the sales of aviation fuel and management services for workers' compensation, while managed separately, are not large enough to 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 Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
Total revenues:
 
 
 
 
 
 
 
CAM
$
46,346

 
$
42,574

 
$
145,511

 
$
131,060

ACMI Services
128,702

 
99,918

 
357,803

 
309,278

All other
65,328

 
38,398

 
177,592

 
106,183

Eliminate inter-segment revenues
(47,115
)
 
(38,585
)
 
(133,711
)
 
(108,838
)
Total
$
193,261

 
$
142,305

 
$
547,195

 
$
437,683

Customer revenues:
 
 
 
 
 
 
 
CAM
$
27,920

 
$
23,671

 
$
86,068

 
$
68,212

ACMI Services
128,702

 
98,820

 
357,803

 
308,180

All other
36,639

 
19,814

 
103,324

 
61,291

Total
$
193,261

 
$
142,305

 
$
547,195

 
$
437,683

Depreciation and amortization expense:
 
 
 
 
 
 
 
CAM
$
22,958

 
$
21,305

 
$
68,295

 
$
64,571

ACMI Services
10,528

 
9,461

 
30,300

 
26,579

All other
453

 
(12
)
 
1,010

 
(3
)
Total
$
33,939

 
$
30,754

 
$
99,605

 
$
91,147

Segment earnings (loss):
 
 
 
 
 
 
 
CAM
$
16,110

 
$
13,482

 
$
51,849

 
$
42,361

ACMI Services
(9,686
)
 
(4,914
)
 
(27,172
)
 
(6,359
)
     All other
5,089

 
2,077

 
13,087

 
6,993

Net unallocated interest expense
83

 
(394
)
 
(287
)
 
(1,279
)
Net gain (loss) on financial instruments
(8,473
)
 
96

 
(3,443
)
 
347

Pre-tax earnings from continuing operations
$
3,123

 
$
10,347

 
$
34,034

 
$
42,063


The Company's assets are presented below by segment (in thousands):
 
September 30,
 
December 31,
 
2016
 
2015
Assets:
 
 
 
CAM
$
941,050

 
$
804,776

ACMI Services
164,755

 
154,852

All other
109,527

 
82,093

Total
$
1,215,332

 
$
1,041,721


Interest expense allocated to CAM was $2.9 million and $7.8 million for the three and nine month periods ending September 30, 2016, respectively, compared to $2.3 million and $7.2 million for the corresponding periods of 2015, respectively.