Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting Information [Line Items]

Segment Reporting, Additional Information about Entity's Reportable Segments

The Company's other segment information from continuing operations is presented below (in thousands):

	Three Months Ending				Nine Months Ending
	September 30,				September 30,
	2020		2019		2020		2019
Segment earnings (loss):
CAM	$	19,781	$	17,428	$	55,241	$	50,285
ACMI Services	18,637		4,375		56,699		17,658
All other	(724)		2,939		(2,915)		8,848
Net unallocated interest expense	(797)		(610)		(2,133)		(2,293)
Government grants	21,726		—		31,547		—
Impairment of aircraft and related assets	—		—		(39,075)		—
Other non-service components of retiree benefit costs, net	2,897		(2,351)		8,693		(7,053)
Net (loss) gain on financial instruments	(53,393)		91,952		(56,072)		60,566
Loss from non-consolidated affiliate	(2,485)		(2,645)		(11,762)		(12,459)
Transaction fees	—		—		—		(373)
Pre-tax earnings from continuing operations	$	5,642	$	111,088	$	40,223	$	115,179
Depreciation and amortization expense:
CAM	$	41,421	$	39,269	126,492		116,787
ACMI Services	25,336		24,171		76,032		71,131
All other	1,217		709		3,083		2,134
Total	$	67,974	$	64,149	$	205,607	$	190,052
Interest expense
CAM	9,747		9,494		29,709		28,838
ACMI Services	4,803		6,530		15,749		19,520

Schedule of Segment Reporting Information, by Segment

The Company's segment information from continuing operations is presented below (in thousands):

	Three Months Ending				Nine Months Ending
	September 30,				September 30,
	2020		2019		2020		2019
Total revenues:
CAM	$	76,268	$	71,004	$	225,301	$	210,610
ACMI Services	300,189		272,188		871,958		785,082
All other	82,281		87,762		239,373		226,228
Eliminate inter-segment revenues	(54,592)		(64,881)		(165,415)		(173,088)
Total	$	404,146	$	366,073	$	1,171,217	$	1,048,832
Customer revenues:
CAM	51,409		42,007		148,104		123,569
ACMI Services	300,189		272,171		871,945		784,993
All other	52,548		51,895		151,168		140,270
Total	$	404,146	$	366,073	$	1,171,217	$	1,048,832

Reconciliation of Assets from Segment to Consolidated

The Company's assets are presented below by segment (in thousands). Cash and cash equivalents are reflected in Assets - All other.

	September 30,		December 31,
	2020		2019
Assets:
CAM	$	1,997,276	$	1,857,687
ACMI Services	798,739		830,620
Discontinued operations	3,635		1,499
All other	163,181		130,372
Total	$	2,962,831	$	2,820,178

Revenue from External Customers by Products and Services

The Company's external customer revenues from other activities for the three and nine month periods ended September 30, 2020 and 2019 are presented below (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Aircraft maintenance, modifications and part sales	$	26,063	$	24,745	$	78,749	$	82,029
Ground services	19,887		20,728		50,498		50,441
Other, including aviation fuel sales	6,598		6,422		21,921		7,800
Total customer revenues	$	52,548	$	51,895	$	151,168	$	140,270