Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

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				Six Months Ending
	June 30,				June 30,
	2021		2020		2021		2020
Depreciation and amortization expense:
CAM	$	50,012	$	42,024	$	97,007	$	85,071
ACMI Services	24,768		25,384		47,749		50,696
All other	853		883		1,928		1,866
Total	$	75,633	$	68,291	$	146,684	$	137,633
Interest expense
CAM	9,669		9,707		18,895		19,962
ACMI Services	4,473		5,645		8,996		10,946
Government grants recognized
ACMI Service	38,274		9,821		66,304		9,821
Segment earnings (loss):
CAM	$	22,554	$	19,640	$	44,016	$	35,460
ACMI Services	44,762		29,505		66,021		47,883
All other	3,161		(2,244)		3,550		(2,191)
Net unallocated interest expense	(870)		(681)		(1,624)		(1,336)
Impairment of aircraft and related assets	—		(39,075)		—		(39,075)
Net gain (loss) on financial instruments	35,703		(109,723)		45,175		(2,679)
Debt issuance costs	(6,505)		—		(6,505)		—
Other non-service components of retiree benefit costs, net	4,456		2,898		8,913		5,796
Loss from non-consolidated affiliate	965		(6,513)		(218)		(9,277)
Pre-tax earnings from continuing operations	$	104,226	$	(106,193)	$	159,328	$	34,581

Schedule of Segment Reporting Information, by Segment

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

	Three Months Ending				Six Months Ending
	June 30,				June 30,
	2021		2020		2021		2020
Total revenues:
CAM	$	88,594	$	74,870	$	171,871	$	149,033
ACMI Services	273,301		287,604		520,432		571,769
All other	97,236		77,056		190,934		157,092
Eliminate inter-segment revenues	(49,259)		(61,736)		(97,277)		(110,823)
Total	$	409,872	$	377,794	$	785,960	$	767,071
Customer revenues:
CAM	$	66,676	$	49,959	$	127,476	$	96,695
ACMI Services	273,295		287,595		520,422		571,756
All other	69,901		40,240		138,062		98,620
Total	$	409,872	$	377,794	$	785,960	$	767,071

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.

	June 30,		December 31
	2021		2020
Assets:
CAM	$	2,199,262	$	2,037,628
ACMI Services	829,365		811,516
All other	182,227		152,601
Total	$	3,210,854	$	3,001,745

Revenue from External Customers by Products and Services

The Company's external customer revenues from other activities for the three and six month periods ended June 30, 2021 and 2020 are presented below (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Aircraft maintenance, modifications and part sales	$	28,791	$	18,851	$	62,839	$	52,686
Ground services	29,022		16,003		52,482		30,611
Other, including aviation fuel sales	12,088		5,386		22,741		15,323
Total customer revenues	$	69,901	$	40,240	$	138,062	$	98,620