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Segment Information
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company operates in three 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 its customers. Due to the similarities among the Company's airline operations, the airline operations are aggregated into a single reportable segment, ACMI Services. The Ground Services segment provides mail and package sorting services, as well as related maintenance services for ground equipment, facilities and material handling equipment. The Ground Services segment became a reportable during 2017 due revenue growth exceeding 10% of the Company total revenues. Prior periods presented below have been prepared by removing Ground Services from "All other" for comparative purposes. The Company's other activities, which include the sale of aircraft parts, aircraft maintenance services, aircraft modifications, the sales of aviation fuel and other services, 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 and cash equivalents are reflected in Assets - All other below.
The Company's segment information from continuing operations is presented below (in thousands):
 
Year Ended December 31
 
2017
 
2016
 
2015
Total revenues:
 
 
 
 
 
CAM
$
209,560

 
$
195,092

 
$
177,789

ACMI Services
614,741

 
492,859

 
433,109

Ground Services
206,631

 
116,796

 
60,163

All other
227,205

 
145,743

 
101,832

Eliminate inter-segment revenues
(189,937
)
 
(181,620
)
 
(153,629
)
Total
$
1,068,200

 
$
768,870

 
$
619,264

Customer revenues:
 
 
 
 
 
CAM
$
140,434

 
$
117,642

 
$
93,395

ACMI Services
614,721

 
492,859

 
431,989

Ground Services
204,150

 
114,813

 
58,160

All other
108,895

 
43,556

 
35,720

Total
$
1,068,200

 
$
768,870

 
$
619,264

Depreciation and amortization expense:
 
 
 
 
 
CAM
$
108,106

 
$
92,396

 
$
87,765

ACMI Services
41,929

 
41,487

 
37,526

Ground Services
1,985

 
973

 
260

All other
2,536

 
640

 
(108
)
Total
$
154,556

 
$
135,496

 
$
125,443

Segment earnings (loss):
 
 
 
 
 
CAM
$
61,510

 
$
68,608

 
$
57,457

ACMI Services
2,476

 
(32,125
)
 
(2,654
)
Ground Services
9,369

 
10,603

 
5,395

     All other
4,355

 
6,020

 
3,166

Net unallocated interest expense
(1,322
)
 
(545
)
 
(1,721
)
Net gain (loss) on financial instruments
(79,789
)
 
(18,107
)
 
920

Loss from non-consolidated affiliate
(3,135
)
 
—

 
—

Pre-tax earnings from continuing operations
$
(6,536
)
 
$
34,454

 
$
62,563


The Company's assets are presented below by segment (in thousands):
 
December 31
 
2017
 
2016
 
2015
Assets:
 
 
 
 
 
CAM
$
1,192,890

 
$
971,986

 
$
804,776

ACMI Services
189,379

 
164,489

 
154,852

Ground Services
44,480

 
33,411

 
15,777

All other
122,095

 
89,444

 
66,316

Total
$
1,548,844

 
$
1,259,330

 
$
1,041,721


Interest expense allocated to CAM was $15.6 million, $10.6 million and $9.4 million for the years ending December 31, 2017, 2016 and 2015, respectively.
During 2017, the Company had capital expenditures of $28.7 million, $283.8 million and $2.9 million for the ACMI Services, CAM and Ground Services segments, respectively.
Entity-Wide Disclosures
The Company had revenues of approximately $170.1 million, $168.2 million and $206.5 million for 2017, 2016 and 2015, respectively, derived primarily from aircraft leases in foreign countries, routes with flights departing from or arriving in foreign countries or aircraft maintenance and modification services performed in foreign countries. All revenues from the CMI agreement with DHL and the ATSA agreement with AFI are attributed to U.S. operations. As of December 31, 2017 and 2016, the Company had 16 and 12 aircraft, respectively, deployed outside of the United States. CAM's revenues included $19.5 million, $17.4 million and $12.6 million for 2017, 2016 and 2015, respectively, for engine and other maintenance related payments from customers. The Company's external customer revenues from its aircraft maintenance, modifications, conversions and part sales within other activities for the years ended December 31, 2017, 2016 and 2015 were $106.8 million, $40.8 million, and $33.7 million, respectively.