Segment Information (Tables)

9 Months Ended

Sep. 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				Nine Months Ending
	September 30,				September 30,
	2021		2020		2021		2020
Depreciation and amortization expense:
CAM	$	51,383	$	41,421	$	148,390	$	126,492
ACMI Services	25,649		25,336		73,398		76,032
All other	719		1,217		2,647		3,083
Total	$	77,751	$	67,974	$	224,435	$	205,607
Interest expense
CAM	9,408		9,747		28,303		29,709
ACMI Services	4,672		4,803		13,668		15,749
Government grants recognized
ACMI Service	30,322		21,726		96,626		31,547
Segment earnings (loss):
CAM	$	28,502	$	19,781	$	72,518	$	55,241
ACMI Services	58,225		40,363		124,246		88,246
All other	(1,047)		(724)		2,503		(2,915)
Net unallocated interest expense	(371)		(797)		(1,995)		(2,133)
Impairment of aircraft and related assets	—		—		—		(39,075)
Net gain (loss) on financial instruments	(7,378)		(53,393)		37,797		(56,072)
Debt issuance costs	—		—		(6,505)		—
Other non-service components of retiree benefit costs, net	4,457		2,897		13,370		8,693
Loss from non-consolidated affiliate	(1,147)		(2,485)		(1,365)		(11,762)
Pre-tax earnings from continuing operations	$	81,241	$	5,642	$	240,569	$	40,223

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,
	2021		2020		2021		2020
Total revenues:
CAM	$	92,931	$	76,268	$	264,802	$	225,301
ACMI Services	330,906		300,189		851,338		871,958
All other	90,292		82,281		281,226		239,373
Eliminate inter-segment revenues	(48,174)		(54,592)		(145,451)		(165,415)
Total	$	465,955	$	404,146	$	1,251,915	$	1,171,217
Customer revenues:
CAM	$	71,070	$	51,409	$	198,546	$	148,104
ACMI Services	330,903		300,189		851,325		871,945
All other	63,982		52,548		202,044		151,168
Total	$	465,955	$	404,146	$	1,251,915	$	1,171,217

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
	2021		2020
Assets:
CAM	$	2,238,638	$	2,037,628
ACMI Services	814,195		811,516
All other	169,341		152,601
Total	$	3,222,174	$	3,001,745

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, 2021 and 2020 are presented below (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Aircraft maintenance, modifications and part sales	$	28,513	$	26,063	$	91,352	$	78,749
Ground services	22,928		19,887		75,410		50,498
Other, including aviation fuel sales	12,541		6,598		35,282		21,921
Total customer revenues for Other Activities	$	63,982	$	52,548	$	202,044	$	151,168