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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2015	Mar. 08, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Fortress Transportation & Infrastructure Investors LLC
Entity Central Index Key	0001590364
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2015
Amendment Flag	false
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		75,730,165
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 400

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 381,703	$ 22,125
Restricted cash	21,610	21,084
Accounts receivable, net	14,466	9,588
Leasing equipment, net	636,681	509,379
Finance leases, net	82,521	102,813
Property, plant, and equipment, net	299,678	227,381
Investment in and advances to unconsolidated entity	10,675	21,569
Tendered bonds	0	298,000
Intangible assets, net	44,129	52,169
Goodwill	116,584	116,584
Other assets	41,594	24,048
Total assets	1,649,641	1,404,740
Liabilities
Accounts payable and accrued liabilities	34,995	43,174
Debt	271,057	592,867
Maintenance deposits	30,494	35,575
Security deposits	15,990	13,622
Other liabilities	6,419	6,005
Total liabilities	358,955	691,243
Commitments and contingencies
Equity
Common shares ($0.01 par value per share; 2,000,000,000 shares authorized; 75,718,183 and 53,502,873 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively)	757	535
Additional paid in capital	1,184,198	613,683
Accumulated deficit	(18,769)	0
Accumulated other comprehensive income	97	214
Shareholders' equity	1,166,283	614,432
Non-controlling interest in equity of consolidated subsidiaries	124,403	99,065
Total equity	1,290,686	713,497
Total liabilities and equity	$ 1,649,641	$ 1,404,740

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	75,718,183	53,502,873
Common stock, shares outstanding (in shares)	75,718,183	53,502,873

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Total revenues	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 23,419	$ 16,080	$ 10,735	$ 7,696	$ 136,568	$ 57,930	$ 19,530
Expenses
Operating expenses									68,793	27,223	3,157
General and administrative									7,568	2,007	805
Acquisition and transaction expenses									5,683	11,450	260
Management fees and incentive allocation to affiliate									15,018	5,463	2,211
Depreciation and amortization									45,308	15,998	3,909
Interest expense									19,311	5,872	2,816
Total expenses	44,786	43,475	40,194	33,226	27,482	17,733	15,302	7,496	161,681	68,013	13,158
Other income (expense)
Equity in (loss) earnings of unconsolidated entities									(6,956)	6,093	10,325
Gain on sale of equipment, net									3,419	7,576	2,415
Gain on sale of unconsolidated entity									0	0	6,144
Interest income									579	186	23
Other income, net									26	20	0
Total other income (expense)	1,681	(7,664)	1,626	1,425	4,780	3,755	3,779	1,561	(2,932)	13,875	18,907
(Loss) Income before income taxes	(9,307)	(15,906)	(5,004)	2,172	717	2,102	(788)	1,761	(28,045)	3,792	25,279
Provision for income taxes	(60)	150	266	230	160	156	399	159	586	874	0
Net (loss) income	(9,247)	(16,056)	(5,270)	1,942	557	1,946	(1,187)	1,602	(28,631)	2,918	25,279
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	(4,548)	(4,318)	(4,433)	(3,506)	(3,118)	(2,085)	165	176	(16,805)	(4,862)	458
Net (loss) income attributable to shareholders	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	$ 3,675	$ 4,031	$ (1,352)	$ 1,426	$ (11,826)	$ 7,780	$ 24,821
(Loss) Earnings per Share:
Basic and Diluted (in dollars per share)									$ (0.18)	$ 0.15	$ 0.46
Weighted Average Shares Outstanding:
Basic (in shares)	75,718,183	75,718,183	62,879,023	53,502,873	53,502,873	53,502,873	53,502,873	53,502,873	67,039,439	53,502,873	53,502,873
Diluted (in shares)	75,718,183	75,718,183	62,879,023	53,502,873	53,502,873	53,502,873	53,502,873	53,502,873	67,039,439	53,502,873	53,502,873
Equipment Leasing
Revenues
Total revenues									$ 92,743	$ 43,984	$ 19,530
Infrastructure
Revenues
Total revenues									$ 43,825	$ 13,946	$ 0

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Statement of Comprehensive Income [Abstract]

Net (loss) income

$ (28,631)

$ 2,918

$ 25,279

Other comprehensive (loss) income:

Change in fair value of cash flow hedge

^[1]

(117)

(114)

405

Comprehensive (loss) income

(28,748)

2,804

25,684

Comprehensive (loss) income attributable to non-controlling interest

(16,805)

(4,862)

458

Comprehensive (loss) income attributable to shareholders

$ (11,943)

$ 7,666

$ 25,226

[1]	Includes the Company's share of equity method investee amounts of $77 for the year ended December 31, 2013.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parentheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)
Statement of Comprehensive Income [Abstract]
Company's share of equity method investee changes in fair value of cash flow hedge	$ 77

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Non-Controlling Interest in Equity of Consolidated Subsidiaries
Equity beginning balance at Dec. 31, 2013	$ 195,884	$ 535	$ 191,566	$ 0	$ 328	$ 3,455
Comprehensive (loss) income:
Net (loss) income for the period	2,918		7,780			(4,862)
Other comprehensive loss	(114)				(114)
Comprehensive (loss) income	2,804					(4,862)
Capital contributions	590,519		490,747			99,772
Capital distributions	(76,975)		(76,410)			(565)
Equity-based compensation	1,265					1,265
Equity beginning balance at Dec. 31, 2014	713,497	535	613,683	0	214	99,065
Comprehensive (loss) income:
Net (loss) income for the period	(28,631)		6,943	(18,769)		(16,805)
Other comprehensive loss	(117)				(117)
Comprehensive (loss) income	(28,748)					(16,805)
Capital contributions	333,705		295,879			37,826
Capital distributions	(45,238)		(44,917)			(321)
Issuance of common shares	349,151	222	348,929
Dividends declared	(36,343)		(36,343)
Equity-based compensation	4,662		24			4,638
Equity ending balance at Dec. 31, 2015	$ 1,290,686	$ 757	$ 1,184,198	$ (18,769)	$ 97	$ 124,403

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net (loss) income	$ (28,631)	$ 2,918	$ 25,279
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Equity in loss (earnings) of unconsolidated entities	6,956	(6,093)	(10,325)
Gain on sale of equipment	(3,419)	(7,576)	(2,415)
Gain on sale of an unconsolidated entity	0	0	(6,144)
Security deposits and maintenance claims included in earnings	(439)	0	0
Equity-based compensation	4,662	1,265	0
Depreciation and amortization	45,308	15,998	3,909
Change in current and deferred income taxes	61	626	0
Change in fair value of non-hedge derivative	14	25	0
Amortization of lease intangibles and incentives	7,016	2,694	0
Amortization of deferred financing costs	1,469	576	125
Operating distributions from unconsolidated entities	209	8,207	8,713
Bad debt expense	676	281	0
Other	(250)	(32)	0
Change in:
Accounts receivable	(5,940)	(7,212)	(2,609)
Other assets	(5,057)	(2,654)	(6,481)
Accounts payable and accrued liabilities	3,180	(45,900)	892
Management fees payable to affiliate	(1,168)	2,362	875
Other liabilities	(1,119)	2,964	94
Net cash provided by (used in) operating activities	23,528	(31,551)	11,913
Cash flows from investing activities:
Change in restricted cash	(526)	(7,306)	(1,120)
Investment in notes receivable	(14,869)	0	0
Construction deposit related to vessel	0	(7,450)	0
Principal collections on finance leases	20,292	11,931	8,263
Acquisition of leasing equipment	(165,090)	(387,118)	(88,045)
Acquisition of property plant and equipment	(96,028)	(49,441)	0
Acquisition of lease intangibles	(2,446)	(20,435)	0
Acquisition of finance leases	0	0	(41,808)
Proceeds from sale of investment in unconsolidated entity	0	0	22,000
Collection of notes receivable	0	4,500	0
Acquisition of CMQR	0	(11,308)	0
Acquisition of Jefferson Terminal	0	(47,811)	0
Acquisition of pre-existing debt relationships	0	(97,616)	0
Proceeds from sale of leasing equipment	13,625	31,597	8,434
Proceeds from sale of property, plant and equipment	893	842	0
Proceeds from sale of equipment held for sale	0	135	0
Proceeds from deposit on sale of engine	500	0	0
Escrow funding for the purchase of aircraft	0	(1,000)	0
Return of capital distributions from unconsolidated entities	3,728	9,064	4,511
Net cash used in investing activities	(239,921)	(571,416)	(87,765)
Cash flows from financing activities:
Purchase of interest rate cap	0	0	(43)
Proceeds from debt	200	179,569	24,774
Repayment of debt	(23,761)	(31,131)	(7,377)
Payment of deferred financing costs	(136)	(4,793)	(183)
Receipt of security deposits	2,060	2,389	3,466
Return of security deposits	(960)	(500)	(675)
Receipt of maintenance deposits	10,149	3,324	817
Release of maintenance deposits	(14,764)	(3,026)	0
Proceeds from issuance of common shares, net of underwriter's discount	354,057	0	0
Common shares issuance costs	(2,998)	0	0
Capital contributions from shareholders	295,879	490,747	94,819
Capital distributions to shareholders	(44,917)	(75,999)	(39,631)
Capital contributions from non-controlling interests	37,826	57,841	3,318
Capital distributions to non-controlling interests	(321)	(565)	(321)
Cash dividends paid	(36,343)	0	0
Net cash provided by financing activities	575,971	617,856	78,964
Net increase in cash and cash equivalents	359,578	14,889	3,112
Cash and cash equivalents, beginning of period	22,125	7,236	4,124
Cash and cash equivalents, end of period	381,703	22,125	7,236
Supplemental disclosure of cash flow information:
Cash paid for interest	18,566	3,627	2,700
Cash paid for taxes	507	274	0
Acquisition of finance leases	0	0	(894)
Acquisition of leasing equipment	(5,408)	(52,556)	(503)
Acquisition of property, plant and equipment	(203)	(22,454)	0
Settled and assumed security deposits	2,388	8,317	0
Billed, assumed and settled maintenance deposits	(1,146)	34,461	0
Non-cash contribution of non-controlling interest	0	38,207	0
Equity compensation to non-controlling interest	4,638	1,265	0
Loan receivable from non-controlling interest	0	3,725	0
Note receivable from sale of unconsolidated entity	0	0	4,500
Deemed distribution and contribution of capital	0	0	2,267
Distribution payable	0	(411)	0
Common share issuance costs	(1,908)	0	0
Partnership's share of change in fair value of cash flow hedge of equity method investee	0	0	77
Change in fair value of cash flow hedge	(117)	(114)	328
CMQR
Acquisition of business	0	(2,991)	0
Jefferson Terminal
Acquisition of business	$ 0	$ (38,207)	$ 0

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Fortress Transportation and Infrastructure Investors LLC (the “Company”) is a Delaware limited liability company which, through its subsidiary, Fortress Transportation and Infrastructure General Partnership (the “Partnership”), is engaged in the ownership and leasing of aviation equipment, offshore energy equipment and shipping containers, and also owns and operates a short line railroad in North America, Central Maine and Québec Railway (“CMQR”), and a multi-modal crude oil and refined products terminal in Beaumont, Texas (“Jefferson Terminal”). The Company has five reportable segments, Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad, which operate in two primary businesses, Equipment Leasing and Infrastructure (Note 15). The Company is managed by FIG LLC (the “Manager”), an affiliate of Fortress Investment Group LLC (“Fortress”), pursuant to a management agreement (the “Management Agreement”) which provides for the Company to bear obligations for management fees and expense reimbursements payable to the Manager (Note 14). At December 31, 2014, through their investment in the Company, the beneficial owners of the Partnership were Fortress Worldwide Transportation and Infrastructure Investors LP (the “Onshore Fund”), with an 89.97% interest and Fortress Worldwide Transportation and Infrastructure Offshore LP (the “Offshore Fund”) with a 9.98% interest; in addition, Fortress Worldwide Transportation and Infrastructure Master GP LLP (the “Master GP”) holds a 0.05% interest. The Master GP is owned by an affiliate of Fortress. The Onshore Fund and the Offshore Fund (collectively, the “Initial Shareholders”) are investment vehicles which are sponsored by Fortress. The general partner of the Onshore Fund and the Offshore Fund is an affiliate of Fortress. In May 2015, the remaining capital commitments of the investors of the Onshore Fund, Offshore Fund and Master GP were called. Through a series of transactions, the Master GP contributed its rights to previously undistributed incentive allocations pursuant to the partnership agreement in exchange for the limited partnership interests in the Onshore Fund and the Offshore Fund equal to the amount of any such undistributed incentive allocations and 53,502,873 common shares were issued to the Onshore Fund and Offshore Fund based on their relative interests in the Company. On May 20, 2015, the Company completed an Initial Public Offering (“IPO”) of 20 million common shares at a price to the public of $17.00 per share. On June 15, 2015, the underwriters exercised their overallotment option, pursuant to which the Company issued an additional 2.2 million shares to such underwriters at the IPO price.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting—The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its subsidiaries. The Company consolidates all entities in which it has a controlling financial interest and in which it has control over significant operating decisions, as well as variable interest entities (“VIE’s”) in which the Company is the primary beneficiary. All significant intercompany transactions and balances have been eliminated. The ownership interest of other investors in consolidated subsidiaries is recorded as non-controlling interest.

The Company uses the equity method of accounting for investments in entities in which the Company exercises significant influence but which do not meet the requirements for consolidation. Under the equity method, the Company records its proportionate share of the underlying net income (loss) of these entities.

Variable Interest Entities—The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

The VIE in which the Company has an interest is WWTAI IES MT6015 Ltd. (“MT6015”), an entity formed in 2014 which has entered into a contract with a shipbuilder for the construction of an offshore multi service / inspection, maintenance and repair vessel (the “Vessel”) for a price of approximately $75 million. A subsidiary of the Company and a third party each hold a 50% interest in MT6015 and have equal representation on its board of directors. In connection with the initial capitalization of MT6015, another subsidiary of the Company provided the third party partner with a $3,725 loan which was utilized by the third party partner to fund its equity contribution to MT6015. In addition, the agreement provides the Company with disproportionate voting rights, in certain situations, as defined in the agreement. Accordingly, the Company determined that MT6015 is a VIE and that it was the primary beneficiary; accordingly, MT6015 has been presented on a consolidated basis in the accompanying financial statements.

At December 31, 2015 and December 31, 2014, MT6015 had total assets of $7,533 and $7,450, respectively, which are available only to settle the obligations of MT6015. Other than entering into the above commitment, MT6015 has conducted no operations, and no creditors of MT6015 have recourse to any assets or to the general credit of the Company.

Reclassifications—Certain prior period amounts have been reclassified to conform to current period presentation.

Use of Estimates—The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Risks and Uncertainties—In the normal course of business, the Company encounters several significant types of economic risk including credit, market, and capital market risks. Credit risk is the risk of the inability or unwillingness of a lessee, customer, or derivative counterparty to make contractually required payments or to fulfill its other contractual obligations. Market risk reflects the risk of a downturn or volatility in the underlying industry segments in which the Company operates which could adversely impact the pricing of the services offered by the Company or a lessee’s or customer’s ability to make payments, increase the risk of unscheduled lease terminations and depress lease rates and the value of the Company’s leasing equipment or operating assets. Capital market risk is the risk that the Company is unable to obtain capital at reasonable rates to fund the growth of its business or to refinance existing debt facilities. The Company, through its subsidiaries, also conducts operations outside of the United States; such international operations are subject to the same risks as those associated with its United States operations as well as additional risks, including unexpected changes in regulatory requirements, heightened risk of political and economic instability, potentially adverse tax consequences and the burden of complying with foreign laws. The Company does not have significant exposure to foreign currency risk as all of its leasing arrangements, terminal services revenue and the majority of freight rail revenue are denominated in U.S. dollars.

Cash and Cash Equivalents—The Company considers all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents.

Restricted Cash—Restricted cash of $21,610 and $21,084 at December 31, 2015 and December 31, 2014, respectively, consists of cash held in segregated accounts pursuant to the requirements of the Company’s debt agreements (Note 9).

Property, Plant and Equipment, Leasing Equipment and Depreciation—Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over estimated useful lives, to estimated residual values which are summarized as follows:



	Range of Estimated Useful Lives	Residual Value Estimates
Passenger aircraft	25 years from date of manufacture	Not to exceed 15% of manufacturer’s list price when new
Aircraft engines	2 - 6 years, based on maintenance adjusted service life	Sum of engine core salvage value plus the estimated fair value of life limited parts
Offshore energy vessels	25 years from date of manufacture	20% of new build cost
Railcars and locomotives	40 - 50 years from date of manufacture	Scrap value at end of useful life
Track and track related assets	15 - 50 years from date of manufacture	Scrap value at end of useful life
Buildings and site improvements	20 - 30 years	Scrap value at end of useful life
Railroad equipment	3 - 15 years from date of manufacture	Scrap value at end of useful life
Crude oil terminal machinery and equipment	15 - 25 years from date of manufacture	Scrap value at end of useful life
Vehicles	5 - 7 years from date of manufacture	Scrap value at end of useful life
Furniture and fixtures	3 - 6 years from date of purchase	None
Computer hardware and software	3 - 5 years from date of purchase	None

Major improvements and modifications incurred in connection with the acquisition of property, plant and equipment and leasing equipment that are required to get the asset ready for initial service are capitalized and depreciated over the remaining life of the asset. Costs of major additions and betterments are capitalized and depreciation commences once it is placed into service. Interest costs directly related to and incurred during the construction period of property, plant and equipment are capitalized. Significant spare parts are depreciated in conjunction with the underlying property, plant and equipment asset when placed in service.

The Company reviews its depreciation policies on a regular basis to determine whether changes have taken place that would suggest that a change in its depreciation policies, useful lives of its equipment or the assigned residual values is warranted.

For planned major maintenance or component overhaul activities for aviation equipment off lease, the cost of such major maintenance or component overhaul event is capitalized and depreciated on a straight-line basis over the period until the next maintenance or component overhaul event is required.

The Company’s offshore energy vessels are required to be drydocked periodically for recertifications or major repairs and maintenance that cannot be performed while the vessels are operating. Normal repairs and maintenance are expensed as incurred. The Company capitalizes the costs associated with the drydockings and amortizes them on a straight-line basis over the period between drydockings, usually between 30 and 60 months.

In accounting for leasing equipment, the Company makes estimates about the expected useful lives, residual values and the fair value of acquired in-place leases and acquired maintenance liabilities (for aviation equipment). In making these estimates, the Company relies upon observable market data for the same or similar types of equipment and, in the case of aviation equipment, its own estimates with respect to a lessee’s anticipated utilization of the aircraft or engine. When the Company acquires leasing equipment subject to an in-place lease, determining the fair value of the in-place lease requires the Company to make assumptions regarding the current fair values of leases for identical or similar equipment, in order to determine if the in-place lease is within a fair value range of current lease rates. If a lease is below or above the range of current lease rates, the resulting lease discount or premium is recognized as a lease intangible and amortized into lease income over the remaining term of the lease.

Capitalized Interest—The interest cost associated with major development and construction projects is capitalized and included in the cost of the project. Interest capitalization ceases once a project is substantially complete or no longer undergoing construction activities to prepare it for its intended use. The Company capitalized interest of $2,128, $3,534 and $0 during the years ending December 31, 2015, December 31, 2014 and December 31, 2013, respectively.

Repairs and Maintenance—Repair and maintenance costs that do not extend the lives of the assets are expensed as incurred. For the years ending December 31, 2015, December 31, 2014 and December 31, 2013, $3,643, $235 and $712, of repairs and maintenance expense, respectively, were recorded in operating expenses in the accompanying Consolidated Statements of Operations.

Impairment of Long-Lived Assets—The Company performs a recoverability assessment of each of its long-lived assets whenever events or changes in circumstances, or indicators, indicate that the carrying amount or net book value of an asset may not be recoverable. Indicators may include, but are not limited to, a significant lease restructuring or early lease termination; significant traffic decline; or the introduction of newer technology aircraft, vessels, engines or railcars. When performing a recoverability assessment, the Company measures whether the estimated future undiscounted net cash flows expected to be generated by the asset exceeds its net book value. The undiscounted cash flows consist of cash flows from currently contracted leases and terminal services contracts, future projected leases, terminal service and freight rail rates, transition costs, estimated down time and estimated residual or scrap values. In the event that an asset does not meet the recoverability test, the carrying value of the asset will be adjusted to fair value resulting in an impairment charge.

Management develops the assumptions used in the recoverability analysis based on its knowledge of active contracts, current and future expectations of the global demand for a particular asset and historical experience in the leasing markets, as well as information received from third party industry sources. The factors considered in estimating the undiscounted cash flows are impacted by changes in future periods due to changes in contracted lease rates, terminal service, and freight rail rates, residual values, economic conditions, technology, demand for a particular asset type and other factors.

Security Deposits—The Company’s operating leases generally require the lessee to pay a security deposit or provide a letter of credit. Security deposits are held until specified return dates stipulated in the lease or lease expiration.

Maintenance Payments—Typically, under an operating lease of aviation equipment, the lessee is responsible for performing all maintenance and is generally required to make maintenance payments to the Company for heavy maintenance, overhaul or replacement of certain high-value components of the aircraft or engine. These maintenance payments are based on hours or cycles of utilization or on calendar time, depending on the component, and are generally required to be made monthly in arrears. If a lessee is making monthly maintenance payments, the Company would typically be obligated to reimburse the lessee for costs they incur for heavy maintenance, overhaul or replacement of certain high-value components to the extent of maintenance payments received in respect of the specific maintenance event, usually shortly following the completion of the relevant work.

The Company records the portion of maintenance payments paid by the lessee that are expected to be reimbursed as maintenance deposit liabilities on the Consolidated Balance Sheet. Reimbursements made to the lessee upon the receipt of evidence of qualifying maintenance work are recorded against the maintenance deposit liability.

In certain leases, the lessee or the Company may be obligated to make a payment to the other party at lease termination based on redelivery conditions stipulated at the inception of the lease. The Company recognizes payments received as end-of-lease compensation adjustments, within lease revenue, when payment is received or collectability is assured. In the event the Company is required to make payments at the end of the lease for redelivery conditions, amounts are accrued as additional maintenance liability when the Company is obligated and can reasonably estimate such payment.

Lease Incentives and Amortization—Lease incentives, which include lease acquisition costs related to reconfiguration of the aircraft cabin, other lessee specific modifications and other direct costs, are capitalized and amortized as a reduction of lease income over the primary term of the lease, assuming no lease renewals.

Goodwill —Goodwill includes the excess of the purchase price over the fair value of the net tangible and intangible assets associated with the acquisitions of CMQR and Jefferson Terminal (Note 3). The carrying amount of goodwill is approximately $116,584 as of December 31, 2015 and December 31, 2014.

The Company reviews the carrying values of goodwill at least annually to assess impairment since these assets are not amortized. An annual impairment review is conducted as of October 1st of each year. Additionally, the Company reviews the carrying value of goodwill whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The determination of fair value involves significant management judgment.

For an annual goodwill impairment assessment, an optional qualitative analysis may be performed. If the option is not elected or if it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step goodwill impairment test is performed to identify potential goodwill impairment and measure an impairment loss. A qualitative analysis was not elected for the years ended December 31, 2015 or December 31, 2014.

The first step of an impairment assessment compares the fair value of a respective reporting unit with its carrying amount, including goodwill. The estimate of fair value of the respective reporting unit is based on the best information available as of the date of assessment, which primarily incorporates certain factors including the Company’s assumptions about operating results, business plans, income projections, anticipated future cash flows and market data. If the estimated fair value of the reporting unit is less than the carrying amount, a second step must be completed in order to determine the amount of goodwill impairment that should be recorded, if any.

For the purpose of performing the annual analysis, the Company’s two reporting units subject to the test are the Jefferson Terminal and Railroad reporting units. The Company estimates the fair value of the reporting units using an income approach, specifically a discounted cash flow analysis. This analysis requires the Company to make significant assumptions and estimates about the extent and timing of future cash flows, discount rates and growth rates. The estimates and assumptions used consider historical performance and are consistent with the assumptions used in determining future profit plans for the reporting units. The Company also utilizes market valuation models and other financial ratios, which require the Company to make certain assumptions and estimates regarding the applicability of those models to its assets and businesses.

Although the Company believes the estimates of fair value are reasonable, the determination of certain valuation inputs is subject to management’s judgment. Changes in these inputs could materially affect the results of the impairment review. If the forecasts of cash flows generated by the Jefferson Terminal and Railroad reporting units or other key inputs are negatively revised in the future, the estimated fair value of the Jefferson Terminal and Railroad reporting units would be adversely impacted, potentially leading to an impairment in the future that could materially affect the Company’s operating results. The Company performed a sensitivity analysis for goodwill impairment and determined that a hypothetical 5% decline in the fair value of each reporting unit as of October 1, 2015 would not result in an impairment of goodwill for either reporting unit.

For the years ended December 31, 2015 and December 31, 2014, there was no impairment of goodwill.

Tendered bonds—A subsidiary of the Company borrowed the proceeds of $300,000 of tax-exempt industrial bonds issued by the Jefferson County (Texas) Industrial Development Corporation, which provided tax-exempt financing for businesses, to be used for specific purposes to stimulate the economy of the respective beneficiary counties (“Series 2010 Bonds”). The proceeds were initially held in trust, as restricted cash, to ensure adherence to the restrictions of use of the funds. In accordance with the terms of the trust indenture and security agreements, these bonds could be tendered by bondholders and purchased by the Company using the unused restricted cash proceeds. The bonds purchased by the Company were deemed to be owned by the Company, and, as of December 31, 2014 were classified as assets, tendered bonds, in the Consolidated Balance Sheet with an equal corresponding amount as Debt. Tendered bonds did not convey principal or interest payments while held by the Company.

During the year ended December 31, 2015, the Jefferson County Industrial Development Corporation, the Company, and Amegy Bank as the related trustee, agreed to cancel the Series 2010 Bonds. Accordingly, the Series 2010 Bonds are no longer reported within Tendered Bonds or Debt in the Consolidated Balance Sheet as of December 31, 2015.

Intangibles and amortization—Intangibles include the value of acquired favorable and unfavorable leases and existing customer relationships acquired in connection with the acquisitions of CMQR and Jefferson Terminal (Note 3).

In accounting for leasing equipment acquired with in-place leases, the Company makes estimates about the fair value of the acquired in-place leases. In determining the fair value of the in-place lease, the Company makes assumptions regarding the current fair values of leases for identical or similar equipment in order to determine if the in-place lease is within a fair value range of current lease rates. If a lease is below or above the range of current lease rates, the resulting lease discount or premium is recognized as a lease intangible and amortized into rental income over the remaining term of the lease. Acquired lease intangibles are amortized on a straight-line basis over the remaining lease terms, which ranged from 6 to 52 months as of December 31, 2015, and recorded as a component of equipment leasing revenues in the accompanying Consolidated Statements of Operations.

Customer relationship intangible assets are amortized on a straight-line basis over their useful lives as the pattern in which the asset’s economic benefits are consumed cannot reliably be determined. Customer relationship intangible assets have useful lives ranging from 5-10 years, no estimated residual value, and amortization is recorded as a component of depreciation and amortization in the accompanying Consolidated Statements of Operations. One customer relationship intangible asset, related to a customer contract at Jefferson Terminal, expires on July 31, 2017 and has 2 one-year renewal options.

Deferred Financing Costs—Costs incurred in connection with obtaining long term financing are capitalized and amortized to interest expense over the term of the underlying loans. Unamortized deferred financing costs of $4,836 and $4,919 as of December 31, 2015 and 2014, respectively, are recorded as a component of other assets in the accompanying Consolidated Balance Sheets. Amortization expense of $1,469, $576 and $125 for the years ended December 31, 2015, December 31, 2014 and December 31, 2013, respectively, are included as a component of interest expense in the accompanying Consolidated Statements of Operations.

Revenue Recognition

Equipment Leasing Revenues

Operating Leases—The Company leases equipment pursuant to net operating leases. Operating leases with fixed rentals and step rentals are recognized on a straight-line basis over the term of the lease, assuming no renewals. Revenue is not recognized when collection is not reasonably assured. When collectability is not reasonably assured, the customer is placed on non-accrual status and revenue is recognized when cash payments are received.

The Company also recognizes maintenance revenue related to the portion of maintenance payments received from lessees of aviation equipment that are not expected to be reimbursed in connection with major maintenance events.

Finance Leases—The Company holds two portfolios of shipping containers and an anchor handling tug supply vessel, subject to finance leases, as of December 31, 2015 and December 31, 2014. These leases generally include a lessee obligation to purchase the leased equipment at the end of the lease term, a bargain purchase option, or provide for minimum lease payments with a present value of 90% or more of the fair value of the leased equipment at the date of lease inception. Net investment in finance leases represents the minimum lease payments due from lessees, net of unearned income. The lease payments are segregated into principal and interest components similar to a loan. Unearned income is recognized on an effective interest method over the lease term and is recorded as finance lease income. The principal component of the lease payment is reflected as a reduction to the net investment in finance leases.

Infrastructure Revenues

Freight Rail Revenues—Freight revenues are recognized proportionally as freight moves from origin to destination. Other miscellaneous revenues, such as unloading and switching revenue, are recognized as the service is performed or contractual obligations are met.

Terminal Services Revenues—Terminal services revenues are recognized when services have been provided to the customer, the product has been delivered, the price is considered to be fixed or determinable and collectability is reasonably assured. Prepayments for services are deferred until the period in which the above criteria are met. Terminal services fees include services provided to third-party customers related to receipt and redelivery of crude oil products.

Concentration of Credit Risk—The Company is subject to concentrations of credit risk with respect to amounts due from customers on its finance leases and operating leases. The Company attempts to limit its credit risk by performing ongoing credit evaluations. During the year ended December 31, 2015, the Company earned approximately 21.0% of its revenue from one customer in the offshore energy segment and one customer in the Jefferson Terminal segment. During the year ended December 31, 2014, the Company earned approximately 39.0% of its revenue from three customers in the following segments: one in aviation leasing, one in shipping containers, and one in offshore energy. During the year ended December 31, 2013 , the Company earned approximately 70% of its revenue from three customers in the following segments: one in aviation leasing, one in shipping containers, and one in offshore energy.

As of December 31, 2015, accounts receivable from two customers in the offshore segment each represented 27.1% and 25.4% of total accounts receivable, net. As of December 31, 2014, the Company had accounts receivable from one customer in the offshore segment that represented 11.7% of total accounts receivable, net.

The Company maintains cash and restricted cash balances, which generally exceed federally insured limits, and subject the Company to credit risk, in high credit quality financial institutions. The Company monitors the financial condition of these institutions and has not experienced any losses associated with these accounts.

Provision for Doubtful Accounts—The Company determines the provision for doubtful accounts based on its assessment of the collectability of its receivables on a customer-by-customer basis. The provision for doubtful accounts at December 31, 2015 and December 31, 2014 was $392 and $111, respectively. Bad debt expense for the years ended December 31, 2015, December 31, 2014 and December 31, 2013 was $676, $281 and $0, respectively.

Expense Recognition—Expenses are recognized on an accrual basis as incurred.

Acquisition and Transaction expenses—Acquisition and transaction expense is comprised of costs related to completed business combinations and terminated deal costs related to abandoned pursuits, including advisory, legal, accounting, valuation and other professional or consulting fees.

Comprehensive Income (Loss)—Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. The Company’s comprehensive income (loss) represents net income (loss), as presented in the accompanying Consolidated Statements of Operations, adjusted for fair value changes related to derivatives accounted for as cash flow hedges and the Company’s pro-rata share of items of comprehensive income derived from investments in unconsolidated entities.

The Company had reclassification adjustments of $131, $171 and $98 which impacted accumulated other comprehensive income during the years ended December 31, 2015, 2014, and 2013, respectively.

Derivative Financial Instruments—In the normal course of business the Company may utilize interest rate derivatives to manage its exposure to interest rate risks, principally related to the hedging of variable rate interest payments on various debt facilities. If certain conditions are met, an interest rate derivative may be specifically designated as a cash flow hedge. In connection with its debt obligations (Note 9), the Company has entered into one interest rate derivative designated as a cash flow hedge and one non-hedge derivative. The Company does not enter into speculative derivative transactions. Derivative assets of $101 and $232, as of December 31, 2015 and December 31, 2014, respectively, were recorded within other assets in the Consolidated Balance Sheets. No derivative liability was recorded as of December 31, 2015 or December 31, 2014.

On the date that the Company enters into an interest rate derivative, its designation as a cash flow hedge is formally documented. On an ongoing basis, an assessment is made as to whether the interest rate derivative has been highly effective in offsetting changes in the cash flows of the variable rate interest payments on the associated debt and whether the interest rate derivative is expected to remain highly effective in future periods. If it were to be determined that the interest rate derivative is not (or has ceased to be) highly effective as a cash flow hedge, the use of hedge accounting would be discontinued prospectively.

All interest rate derivatives are recognized on the balance sheet at their fair value. For interest rate derivatives designated as cash flow hedges, the effective portion of the interest rate derivative’s gain or loss is initially reported as a component of other comprehensive income and subsequently reclassified into earnings when the interest payments on the debt are recorded in earnings. The ineffective portion of the interest rate derivative, if any, is calculated and recorded in interest expense. Changes in fair value of non-hedge derivatives are recorded in earnings on a current basis. The estimated net amount of existing losses reported in accumulated other comprehensive income at December 31, 2015 expected to be reclassified into earnings within the next 12 months is approximately $5.

In the event of a termination of an interest rate derivative prior to its contractual maturity, any related net gains or losses in accumulated other comprehensive income at the date of termination would be reclassified into earnings, unless it remains probable that interest payments on the debt will continue to occur, in which case the amount in accumulated other comprehensive income would be reclassified into earnings as the interest payments on the debt affect earnings.

Foreign Currency—The Company’s functional and reporting currency is the U.S. dollar. Purchases and sales of assets and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. Net realized foreign currency gains or losses relating to the differences between these recorded amounts and the U.S. dollar equivalent actually received or paid are reported as a component of operating expenses within the Consolidated Statement of Operations.

Income Taxes—A portion of the Company’s income earned by its corporate subsidiaries is subject to U.S. federal and state income taxation, taxed at prevailing rates. The remainder of the Company’s income is allocated directly to its partners and is not subject to a corporate level of taxation. Certain subsidiaries of the Company are subject to income tax in the foreign countries in which they conduct business.

The Company accounts for these taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established when management believes it is more likely than not that a deferred tax asset will not be realized.

The Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and in certain foreign jurisdictions. The income tax returns filed by the Company and its subsidiaries are subject to examination by the U.S. federal, state and foreign tax authorities. The Company recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Consolidated Statements of Operations.

Distributions and Dividends—Prior to the IPO, distributions to members were recorded when paid or, in the case of an in-kind distribution, when distributed. The character of distributions to members made during the reporting period may differ from their ultimate characterization for federal income tax purposes due to book/tax differences in the character of income and expense recognition. Distributions and allocations were determined with respect to each member, as defined by and in accordance with the operating agreement. After the IPO, dividends are recorded when declared by the Board of Directors. In the third and fourth quarters of the year ended December 31, 2015, the Board of Directors declared cash dividends of $0.15 and $0.33 per share, respectively.

Recent Accounting Pronouncements— In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, ("ASU 2014-08") which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The standard states that a strategic shift could include a disposal of (i) major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity. ASU 2014-08 is effective prospectively for new disposals (or classifications as held for sale) that occur within annual periods beginning on or after December 14, 2014, and interim periods within those annual periods. The Company adopted ASU 2014-08 beginning January 1, 2015, which had no impact to the Company’s consolidated financial statements.

Unadopted Accounting Pronouncements—The FASB has recently issued or discussed a number of proposed standards on such topics as financial instruments and hedging. Some of the proposed changes are significant and could have a material impact on the Company’s financial reporting. The Company has not yet fully evaluated the potential impact of these proposals, but will make such an evaluation as the standards are finalized.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU-2014-09”) which provides a single comprehensive model for recognizing revenue from contracts with customers and supersedes existing revenue recognition guidance. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, to defer the effective date of ASU 2014-09 by one year, making it effective for annual reporting periods beginning after December 15, 2017 while also providing for early adoption but not before the original effective date. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 amends the consolidation guidance for VIEs and general partners’ investments in limited partnerships and modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities. ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

In April 2015, the FASB issued ASU 2015-03, Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance is effective for reporting periods beginning after December 15, 2015 and interim periods within those fiscal years with early adoption permitted. ASU 2015-03 should be applied on a retrospective basis, wherein the balance sheet of each period presented should be adjusted to reflect the effects of adoption. The Company will adopt ASU 2015-03 as of January 1, 2016 and does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. Upon adoption, the Company will revise its balance sheet to present debt issuance costs as a direct deduction from Debt rather than within Other Assets. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

In August 2015, the FASB issued ASU No. 2015-15, Interest - Imputation of Interest (Subtopic 835-30) (“ASU 2015-15”). ASU 2015-15 provides further guidance related to the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. ASU 2015-15 allows companies to defer and present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings of the line-of-credit arrangement. The guidance is effective for reporting periods beginning after December 15, 2015 and interim periods within those fiscal years with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

In September 2015, the FASB issued ASU No. 2015-16, Business Combinations- Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). ASU 2015-16 requires an acquirer in a business combination to recognize adjustments to the initial purchase accounting that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. ASU No. 2015-16 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires (i) equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income, (ii) public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. ASU 2016-01 also eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019, with early adoption permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

ACQUISITIONS

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

ACQUISITIONS

CMQR

The Company, through its subsidiaries, acquired certain assets and assumed certain liabilities of Montreal, Maine and Atlantic Railway Ltd. (“MM&A-U.S.”) and Montreal, Maine and Atlantic Canada Co (“MM&A-Canada”) for an aggregate purchase price of approximately $15.2 million, including assumed liabilities of approximately $3.2 million. The acquisitions were accounted for as business combinations pursuant to ASC 805, Business Combinations ("ASC 805") and the results of operations of the acquired businesses of MM&A-U.S. and MM&A-Canada have been included in the consolidated financial statements of the Company since their respective dates of acquisition. The closing of MM&A-U.S. and MM&A-Canada occurred on May 15, 2014 and June 30, 2014, respectively. Subsequent to the acquisitions, the acquired businesses were renamed as CMQR. CMQR is headquartered in Maine and owns and operates approximately 500 miles of track in the US and Canada. CMQR is reported within the Railroad segment. The Company viewed the acquisitions of MM&A-U.S. and MM&A-Canada as an opportunity to gain entry into the railroad industry.

Subsequent to the acquisition, in the year ended December 31, 2014, measurement period adjustments as of the acquisition date were made to the valuation of fixed assets acquired and employee and environmental liabilities assumed consisting of an increase to fixed assets of $679, an increase to assumed employee liabilities of $232, an increase to assumed environmental liabilities of $680, and additional goodwill recorded of $233. The measurement period adjustments impacted depreciation expense by $30 in the year ended December 31, 2014. There were no additional measurement period adjustments during the year ended December 31, 2015.

The property, plant and equipment acquired in connection with CMQR is being depreciated based on estimated remaining useful lives from the date of acquisition, which are 4 years for buildings, 2-5 years for track and track related assets, 4-6 years for railroad equipment, 2 years for vehicles and 5 years for freight cars and locomotives, as all of the acquired assets were near the end of their useful lives at the time of acquisition.

In connection with the purchase, the Company incurred general and administrative expenses and employee severance expenses of approximately $392, included within Operating Expenses, in the Consolidated Statement of Operations for the year ended December 31, 2014. The goodwill recognized is comprised primarily of an assembled workforce and is deductible for tax purposes.

JEFFERSON TERMINAL

The Company, through its subsidiaries, acquired certain assets and assumed certain liabilities of Jefferson Refinery, LLC, Port of Beaumont Petroleum Transload Terminal I, LLC, and Port of Beaumont Petroleum Transload Terminal II, LLC (collectively “Jefferson Terminal”). Jefferson Terminal is comprised of complementary energy logistics assets and is headquartered in The Woodlands, Texas. Its principal operations are to engage in the business of terminalling, storage, throughput and transloading of crude oil and petroleum products. Prior to the acquisition, a subsidiary of the Company had several term loan agreements with Jefferson Refinery, LLC (“Pre-Existing Debt Relationships”) of $97.6 million. The acquisition of Jefferson Terminal was consummated on August 27, 2014. The Company viewed the acquisition of Jefferson Terminal as an opportunity to gain entry into this industry.

Jefferson Terminal was purchased for an aggregate purchase price of approximately $608.3 million, including assumed liabilities of $522.5 million (of which $97.6 million relates to Pre-Existing Debt Relationships) and equity consideration of $38.2 million. The Company purchased a 60% interest in Jefferson Terminal with the remaining 40% interest in Jefferson Terminal owned by a portion of the retaining shareholders and a private equity fund sponsored by Fortress, each holding an interest of approximately 20% at the acquisition date and accounted for as non-controlling interests in the accompanying consolidated financial statements. In connection with the acquisition, a $100 million loan was also obtained (Note 9).

The acquisition was accounted for as a business combination under ASC 805 and the results of operations of the acquired business of Jefferson Terminal have been included in the consolidated financial statements since the date of acquisition. The goodwill recognized is attributable to strategic opportunities and expected future cash flows of the business and approximately $45 million of goodwill is expected to be deductible by a subsidiary of the Company for tax purposes. Property, plant and equipment acquired in connection with Jefferson Terminal is being depreciated based on estimated remaining useful lives from the date of acquisition.

Subsequent to the acquisition, in the year ended December 31, 2015, measurement period adjustments as of the acquisition date were made to decrease construction in progress within property, plant, and equipment, net by $947, increase intangible assets, net by $128, increase goodwill by $1,358, increase accounts payable and accrued liabilities assumed by $390 and increase other liabilities assumed by $149.

The fair values assigned to acquired assets and assumed liabilities of CMQR and Jefferson Terminal at their respective dates of acquisition are as follows:



	CMQR			Jefferson Terminal
Assets:
Restricted cash	—			190,811
Land and site improvements	5,484			9,573
Track	4,952			—
Buildings and improvements	136			2,139
Crude oil terminal machinery and equipment	—			47,286
Railroad Equipment	713			—
Furniture and fixtures	—			317
Computer hardware and software	—			34
Turnout and other track materials	1,415			—
Vehicles	320			258
Railcars and locomotives	1,283			—
Construction in progress	—			85,276
Prepaids and other deposits	103			6,102
Tendered bonds	—			115,000
Customer lists and customer contracts	225			35,513
Goodwill	593			115,991
Total assets	15,224			608,300

Liabilities:
Employee-related liabilities	(1,119		)	—
Environmental remediation liabilities	(1,333		)	—
Real estate taxes	(714		)	—
Accrued expenses	—			(56,540		)
Term loan	—			(93,995		)
Bonds Payable	—			(348,788		)
Note Payable	—			(21,297		)
Other liabilities	—			(1,902		)
Total liabilities	(3,166		)	(522,522		)
Net assets acquired	$	12,058		$	85,778

As of December 31, 2014, goodwill additions of $593 and $115,991 were attributed to the Railroad and Jefferson Terminal reportable segments, respectively.

The fair values assigned to intangible assets were determined through the use of the replacement cost method and the income approach, specifically the multi-period excess earnings method. Both valuation methods rely on management’s judgments, including the cost to recreate the customer relationships, expected future cash flows resulting from existing customer relationships, customer attrition rates, contributory effects of other assets utilized in the business, and peer group cost of capital as well as other factors. The valuation of tangible assets was derived using a combination of the income approach, the market approach and the cost approach. Significant judgments used in valuing tangible assets include estimated reproduction or replacement cost, useful lives of assets and estimated selling prices. The valuation of assumed liabilities, including bonds payable, was derived using the market approach, using quoted values as available and the income approach, comparing the stated interest rate on certain credit agreements to the market interest rate. The valuation of equity interests conveyed to retaining shareholders was derived using the market approach, as agreed between the parties, representing the cash that would have been offered on an arm’s length basis, on the acquisition date.

Supplementary Pro Forma Information—The unaudited pro forma information has been derived from our historical consolidated financial statements and has been prepared to give effect to the acquisitions, assuming that the acquisitions of CMQR and Jefferson Terminal occurred on January 1, 2013. The unaudited pro forma pre-tax net income (loss) for the years ended December 31, 2014 and 2013 has been adjusted to reflect the additional depreciation and amortization that would have resulted from changes in the estimated fair value of assets and liabilities.



	Year Ended December 31, 2014			Year Ended December 31, 2013
Pro Forma—CMQR
Revenues	$	63,528		$	46,100
Pre-tax net income (loss)	1,497			(20,830		)
Pro Forma—Jefferson Terminal
Revenues	$	60,577		$	19,530
Pre-tax net loss	(46,906		)	(1,543		)

Pro forma results do not include any anticipated synergies or other anticipated benefits of the acquisition. Accordingly, the unaudited pro forma financial information is not necessarily indicative or either future results of operations or results that might have been achieved had the acquisition occurred on January 1, 2013.

During the year ended December 31, 2014, for CMQR and Jefferson Terminal, the Company recognized $9,969 and $2,652, respectively, in revenues and $11,957 and $15,768, respectively, of loss before income taxes, which includes acquisition and transaction related expenses of $5,646 and $5,494, respectively, included within acquisition and transaction expenses in the Consolidated Statement of Operations.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 805
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

LEASING EQUIPMENT, NET

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

LEASING EQUIPMENT, NET

Leasing equipment, net is summarized as follows:



	December 31, 2015
Equipment	Aviation Leasing			Offshore Energy			Jefferson Terminal			Total
Leasing equipment:	$	452,602		$	184,284		$	44,326		$	681,212
Less: Accumulated depreciation	(33,281		)	(9,704		)	(1,546		)	(44,531		)
Leasing equipment, net	$	419,321		$	174,580		$	42,780		$	636,681



	December 31, 2014
Equipment	Aviation Leasing			Offshore Energy			Jefferson Terminal			Total
Leasing equipment:	$	298,204		$	182,355		$	44,326		$	524,885
Less: Accumulated depreciation	(11,331		)	(3,737		)	(438		)	(15,506		)
Leasing equipment, net	$	286,873		$	178,618		$	43,888		$	509,379

During the year ended December 31, 2015, the Company acquired twenty-four commercial jet engines and five aircraft, and sold nine commercial jet engines. During the year ended December 31, 2014, the Company acquired fourteen aircraft, nine aircraft engines, three hundred tank railcars, and sold five commercial jet engines and two aircraft. Depreciation expense for leasing equipment for the years ended December 31, 2015, 2014, and 2013 was $30,624, $12,683 and $3,909, respectively.

FINANCE LEASES, NET

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

FINANCE LEASES, NET

Finance leases, net are summarized as follows:



	December 31, 2015
	Offshore Energy			Shipping Containers			Total
Finance leases	$	20,037		$	82,332		$	102,369
Unearned revenue	(9,915		)	(9,933		)	(19,848		)
Finance leases, net	$	10,122		$	72,399		$	82,521



	December 31, 2014
	Offshore Energy			Shipping Containers			Total
Finance leases	$	22,045		$	109,492		$	131,537
Unearned revenue	(11,580		)	(17,144		)	(28,724		)
Finance leases, net	$	10,465		$	92,348		$	102,813

At December 31, 2015, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows:



	Offshore Energy		Shipping Containers		Total
2016	$	2,013	$	25,680	$	27,693
2017	2,008		51,308		53,316
2018	2,008		5,344		7,352
2019	2,008		—		2,008
2020	2,013		—		2,013
Thereafter	9,987		—		9,987
Total	$	20,037	$	82,332	$	102,369

On March 9, 2016, the Company consummated the sale of approximately 39,000 shipping containers that were subject to a direct finance lease. See Note 19, Subsequent Events.

PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net is summarized as follows:



	December 31, 2015
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,478		$	14,014		$	19,492
Construction in progress	893			55,034			55,927
Buildings and improvements	557			2,193			2,750
Crude oil terminal machinery and equipment	—			210,857			210,857
Track and track related assets	17,159			—			17,159
Railroad equipment	1,050			—			1,050
Railcars and locomotives	1,720			—			1,720
Computer hardware and software	118			34			152
Furniture and fixtures	121			289			410
Vehicles	503			44			547
	27,599			282,465			310,064
Less: accumulated depreciation	(2,907		)	(10,308		)	(13,215		)
Spare parts	$	—		$	2,829		$	2,829
Property, plant and equipment, net	$	24,692		$	274,986		$	299,678



	December 31, 2014
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,484		$	9,573		$	15,057
Construction in progress	—			145,716			145,716
Buildings and improvements	436			2,139			2,575
Crude oil terminal machinery and equipment	—			50,627			50,627
Track and track related assets	12,022			—			12,022
Railroad equipment	1,268			—			1,268
Railcars and locomotives	1,293			—			1,293
Computer hardware and software	—			34			34
Furniture and fixtures	—			317			317
Vehicles	321			258			579
	20,824			208,664			229,488
Less: accumulated depreciation	(962		)	(1,145		)	(2,107		)
Property, plant and equipment, net	$	19,862		$	207,519		$	227,381

During year ended December 31, 2015, additional property, plant and equipment of $84,298 was acquired, and is mainly related to land and improvements, track and track related assets, and crude oil terminal machinery and equipment. During the year ended December 31, 2015, disposals of property, plant and equipment totaled $893, mainly related to railroad equipment, vehicles, and furniture and fixtures. Property, plant and equipment acquired during the year ended December 31, 2014 was $14,303 and $144,883 in connection with the acquisitions of CMQR and Jefferson Terminal (Note 3), respectively. During the year ending December 31, 2014, additional property, plant and equipment of $70,302 was acquired, mainly related to construction in progress and track and track related assets.

Depreciation expense for property, plant and equipment was $11,099, $2,107 and $0 for the years ended December 31, 2015, 2014, and 2013, respectively.

INVESTMENT IN UNCONSOLIDATED ENTITY

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENT IN UNCONSOLIDATED ENTITY

The following table presents the ownership interest and carrying values of the Company’s investment in unconsolidated entity:



			Carrying Value
	Date Acquired	Ownership Percentage	December 31, 2015		December 31, 2014		December 31, 2013
PJW 3000 LLC	April 2012	16.67%	$	—	$	—	—
Intermodal Finance I, Ltd.	September 2012	51%	$	10,675	$	21,569	$	32,744

PJW 3000 LLC

On April 26, 2012, the Company acquired a non-controlling 16.67% interest in PJW 3000 LLC from a third party for a total purchase price, including acquisition costs, of approximately $19,635. The Company exercised significant influence over PJW 3000 LLC through its representation on the entity’s board of managers. PJW 3000 LLC owned an offshore derrick pipe laying barge which was subject to a long-term net lease. At the time of acquisition, the price paid by the Company exceeded its proportionate share of the net equity of PJW 3000 LLC by approximately $3,000; this premium was amortized on a straight line basis over the 28.5 year estimated remaining useful life of the vessel. On November 26, 2013, the Company sold its interest in PJW 3000 LLC for a sales price of $26,500 (consisting of $22,000 in cash and a $4,500 one-year note receivable supported by an unconditional bank guarantee) and recognized a gain of approximately $6,144. The note receivable was settled on November 17, 2014.

For 2013, the Company has reflected summary statement of income data for PJW 3000 LLC through November 26, 2013, the date the Company sold its interest in PJW 3000 LLC.

Intermodal Finance I, Ltd.

The Company owns a 51% non-controlling interest in Intermodal Finance I Ltd., a joint venture. Intermodal Finance I, Ltd owns a portfolio of multiple finance leases, representing 6 customers and comprising approximately 59,000 shipping containers as well as a portfolio of approximately 37,000 shipping containers subject to multiple operating leases to a single customer. During the year ended December 31, 2015, Intermodal Finance I, Ltd. recorded an asset impairment charge of $20,604, which resulted from certain operating leases not being renewed and containers being returned at a faster pace than expected. Additionally, due to challenging market conditions for shipping containers, certain returned containers were sold at values lower than previously estimated. The Company's proportionate share of the impairment charge was $10,508 based on its 51% ownership percentage.

Summary financial information for these unconsolidated entities is as follows:



	Year Ended December 31,
	2015			2014			2013
Revenue
Total revenues	$	16,022		$	20,331		$	56,480

Expenses
Operating expenses	992			1,527			6,055
General and administrative	810			807			1,157
Depreciation and amortization	3,659			2,416			8,157
Interest expense	3,488			5,022			11,075
Impairment expense	20,604			—			—
Total expenses	29,553			9,772			26,444

Gain on early termination of finance lease	—			917			1,052
Other income	247			45			30
Loss on debt extinguishment	—			(119		)	—
(Loss) gain on disposal of equipment	(766		)	—			15
Total other income (expense)	(519		)	843			1,097
Net income (loss)	(14,050		)	11,402			31,133
Other comprehensive income	—			—			431
Comprehensive income (loss)	$	(14,050	)	$	11,402		$	31,564

Company's equity in (loss) earnings, net of amortization of $95 in the year ended December 31, 2013	$	(6,956	)	$	6,093		$	10,325



	December 31,
	2015		2014
Assets
Cash and cash equivalents	$	4,796	$	5,214
Restricted cash	2,117		2,320
Accounts receivable	1,153		1,051
Leasing assets, net of accumulated depreciation of $7,305 and $4,449, respectively	47,735		74,045
Finance leases, net	34,261		62,393
Deferred costs, net of accumulated amortization of $864 and $602, respectively	1,060		1,524
Other assets	31		8
Total assets	$	91,153	$	146,555

Liabilities
Accounts payable and accrued liabilities	154		157
Syndication liabilities	3,201		5,152
Debt	84,051		120,303
Other liabilities	458		383
Total liabilities	87,864		125,995

Members’ Equity
Members’ equity	3,289		20,560
Total members’ equity	3,289		20,560
Total liabilities and members’ equity	$	91,153	$	146,555

Company’s investment in and advances to unconsolidated entity	$	10,675	$	21,569

INTANGIBLE ASSETS AND LIABILITIES, NET

12 Months Ended

Dec. 31, 2015

Intangible Assets and Liabilities Disclosure [Abstract]

INTANGIBLE ASSETS AND LIABILITIES, NET

The Company’s intangible assets and liabilities, net are summarized as follows:



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(9,697		)	—			—			(9,697		)
Total acquired favorable lease intangibles, net	13,184			—			—			13,184

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
Total acquired customer relationships, net	—			30,795			150			30,945

Total intangible assets, net	$	13,184		$	30,795		$	150		$	44,129

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(151		)	—			—			(151		)
Total acquired unfavorable lease intangibles, net	$	1,020		$	—		$	—		$	1,020



	December 31, 2014
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	20,435		$	—		$	—		$	20,435
Accumulated amortization	(2,796		)	—			—			(2,796		)
Total acquired favorable lease intangibles, net	17,639			—			—			17,639

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(1,180		)	(28		)	(1,208		)
Total acquired customer relationships, net	—			34,333			197			34,530

Total intangible assets, net	$	17,639		$	34,333		$	197		$	52,169

Intangible liabilities:
Acquired unfavorable lease intangibles	$	261		$	—		$	—		$	261
Accumulated amortization	(24		)	—			—			(24		)
Total acquired unfavorable lease intangibles, net	$	237		$	—		$	—		$	237

Intangible liabilities relate to unfavorable lease intangibles and are included as a component of other liabilities in the accompanying Consolidated Balance Sheets. Amortization of intangible assets and liabilities is recorded in the Consolidated Statements of Operations as follows:



	Year Ended December 31,						Classification in Consolidated Statements of Operations
	2015		2014		2013
Lease intangibles	$	6,774	$	2,694	$	—	Equipment leasing revenues
Customer relationships	3,585		1,208		—		Depreciation and amortization
Total	$	10,359	$	3,902	$	—

As of December 31, 2015, estimated net annual amortization of intangibles is as follows:



	Year Ending December 31,
2016	$	9,273
2017	6,757
2018	5,941
2019	4,530
2020	3,580
Thereafter	13,028
Total	$	43,109

DEBT

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

DEBT

The Company's debt is summarized as follows:



	December 31, 2015		December 31, 2014
Loans payable
Container Loan #1	$	34,761	$	42,040
Container Loan #2	11,338		19,115
FTAI Pride Credit Agreement	67,188		73,438
CMQR Credit Agreement	9,407		9,416
Jefferson Terminal Credit Agreement	98,750		99,750
Total loans payable	221,444		243,759
Bonds payable
Series 2010 Bonds	—		298,000
Series 2012 Bonds (including unamortized premium of $1,751 and $1,791 at December 31, 2015 and December 31, 2014, respectively)	47,261		48,521
Total bonds payable	47,261		346,521
Note payable to non-controlling interest
Note payable to non-controlling interest	2,352		2,587
Total note payable to non-controlling interest	2,352		2,587

Total debt	$	271,057	$	592,867

Total debt due within one year	$	24,791	$	23,915

Loans Payable

Container Loan #1—On December 27, 2012, a subsidiary of the Company entered into a Credit Agreement (“Container Loan #1”) with a bank for an initial aggregate amount of approximately $55,991 in connection with the acquisition of a portfolio of shipping containers subject to finance leases. Container Loan #1 requires monthly payments of interest and scheduled principal payments through its maturity on December 27, 2017 and can be prepaid without penalty after the third anniversary of the closing of the loan. Container Loan #1 is secured by the Company’s interest in the shipping containers and related finance leases. Borrowings under the loan bear interest at a rate selected by the Company of either (i) a LIBOR based rate plus a spread of 3.75% or (ii) a Base Rate equal to the higher of the Prime Rate or the Federal Funds Rate plus 1.50%, plus a spread of 3.75%. At December 31, 2015 and December 31, 2014 borrowings under the loan were LIBOR based borrowings bearing interest at a rate of 4.08% and 3.90%, respectively. The average interest rate for the years ended December 31, 2015, December 31, 2014, and December 31, 2013 was 4.38%, 4.00% and 4.34%, respectively, inclusive of the effect of an interest rate swap, described below.

In connection with Container Loan #1, the Company entered into an interest rate swap agreement (the “Swap”) on January 17, 2013 with respect to 70% of the outstanding balance of the Loan and designated as a cash flow hedge which fixed the LIBOR rate at 0.681%. Periodic settlement payments made in connection with the Swap are recorded as a component of interest expense in the accompanying Consolidated Statement of Operations. The initial notional amount of the Swap was approximately $39,194, with scheduled monthly decreases through the maturity date of the Container Loan #1. The fair value of the Swap at December 31, 2015 and December 31, 2014 was $97 and $214, respectively.

Pursuant to the Container Loan #1 agreement, amounts realized by the Company in connection with the finance lease are remitted directly into a trust account as restricted cash for disbursement according to specified payment priorities. Any amounts remaining in the trust account after payment of required obligations are released to the Company. Container Loan #1 contains negative covenants which limit certain actions of the borrowers. Upon the occurrence and during the continuance of an event of default under Container Loan #1, principal, interest and any fees or other amounts owed under Container Loan #1 bear interest at a rate that is 2% per annum in excess of the interest rate otherwise payable with respect to such amounts. As of December 31, 2015, the Company was in compliance with all of the covenants under this agreement.

Container Loan #2—On August 15, 2013, a subsidiary of the Company entered into a Credit Agreement (“Container Loan #2”) with a bank for an initial aggregate amount of approximately $21,548 in connection with the acquisition of a portfolio of shipping containers subject to finance leases. Container Loan #2 requires quarterly payments of interest and scheduled principal payments through its maturity on August 28, 2018 and can be prepaid without penalty at any time. Container Loan #2 is secured by the Company’s interest in the shipping containers and related finance leases. Borrowings under Container Loan #2 bear interest at a rate of LIBOR plus a spread of 3.25%. At December 31, 2015 and December 31, 2014, borrowings under Container Loan #2 bore interest at a rate of 3.66% and 3.49%, respectively. The average interest rate for the years ended December 31, 2015, December 31, 2014 and December 31, 2013 was 3.67%, 3.59% and 3.54%, respectively, inclusive of the interest rate cap, described below.

In connection with Container Loan #2, on September 20, 2013, the Company entered into an interest rate cap agreement (the “Cap”), which was not designated as a cash flow hedge, with an initial payment date of February 28, 2014. The Cap capped LIBOR at 2.5% with respect to 50% of the portion of the outstanding balance of Container Loan #2 attributable to the 5-year finance leases. The initial notional amount of the Cap was approximately $2,554, with scheduled quarterly decreases through the August 28, 2018 maturity date of the Loan. The fair value of the Cap at December 31, 2015 and December 31, 2014 was approximately $4 and $18, respectively.

Pursuant to the Container Loan #2 agreement, amounts realized by the Company in connection with the finance leases are remitted directly into a trust account for disbursement according to specified payment priorities. Any amounts remaining in the trust account after payment of required obligations are released to the Company. Container Loan #2 contains negative covenants which limit certain actions of the borrowers. Upon the occurrence and during the continuance of an event of default under the Container Loan #2, principal, interest and any fees or other amounts owed under the Container Loan #2 bear interest at a rate that is 2.5% per annum in excess of the interest rate otherwise payable with respect to such amounts. As of December 31, 2015, the Company was in compliance with all of the covenants under this agreement.

FTAI Pride Credit Agreement—On September 15, 2014, FTAI Pride, LLC, (“FTAI Pride”) a subsidiary of the Company entered into a credit agreement (the “FTAI Pride Credit Agreement”) with a financial institution for a term loan in an aggregate amount of $75,000. The loan proceeds were used in connection with the acquisition of an offshore construction vessel. The FTAI Pride Credit Agreement requires quarterly payments of interest and scheduled principal payments of $1,562 beginning in the quarter ending December 31, 2015, through its maturity and can be prepaid without penalty at any time. The FTAI Pride Credit Agreement is secured on a first priority basis by the offshore construction vessel and charter. Borrowings under the FTAI Pride Credit Agreement bear interest at the LIBOR rate plus a spread of 4.50%. At December 31, 2015 and December 31, 2014, borrowings under the FTAI Pride Credit Agreement bore interest at a rate of 5.02% and 4.74%. respectively.

The FTAI Pride Credit Agreement contains affirmative and negative covenants which limit certain actions of the borrower and a financial covenant requiring a Fixed Charges Coverage Ratio, as defined, of not less than 1.15:1.00 in any twelve month period ending December 31, 2014, or later. At December 31, 2015, the Company was in compliance with all the covenants under the FTAI Pride Credit Agreement.

CMQR Credit Agreement—On September 18, 2014, CMQR entered into a credit agreement (the “CMQR Credit Agreement”) with a financial institution for a revolving line of credit in an aggregate amount of $10,000. The CMQR Credit Agreement requires quarterly payments of interest and its maturity date is September 18, 2017. Borrowings under the CMQR Credit Agreement bear interest at either (i) Adjusted LIBOR plus a spread of 2.50% or 4.50%, (ii) the U.S. or Canadian Base Rate plus a spread of 1.50% or 3.50%, or (iii) the Canadian Fixed Rate plus a spread of 2.50% or 4.50%, as defined by the CMQR Credit Agreement. Borrowings under the CMQR Credit Agreement bore interest at an average rate of 2.92% and 2.95% at December 31, 2015 and December 31, 2014, respectively.

The CMQR Credit Agreement is also indirectly supported by Fortress Transportation and Infrastructure Investors LLC (the “Sponsor”). In the event of a default under the credit agreement, CMQR’s lenders can cause CMQR to call up to $12 million in capital from the Sponsor, and in the event of CMQR’s bankruptcy, the lenders can put the debt back to the Sponsor. The capital call obligation and put right fall away upon satisfaction of certain conditions, including CMQR’s compliance with minimum collateral coverage and a minimum Fixed Charge Coverage Ratio, as defined, of 1.30:1.00 for the preceding four-quarter period. Upon termination of the capital call obligation and put right, CMQR is required to maintain minimum collateral coverage at all times and a Fixed Charge Coverage Ratio of not less than 1.30:1.00 in any rolling four-quarter period. The CMQR Credit Agreement contains affirmative and negative covenants which limit certain actions of CMQR and at December 31, 2015, the Company was in compliance with these covenants.

Jefferson Terminal Credit Agreement—On August 27, 2014, a subsidiary of the Company, entered into a credit agreement (the “Jefferson Terminal Credit Agreement”) with a financial institution for an aggregate amount of $100,000. The loan proceeds were used to partially finance the acquisition of Jefferson Terminal (Note 3) as well as to pay certain working capital amounts.

The Jefferson Terminal Credit Agreement required quarterly payments of $250 beginning with the quarter ending December 31, 2014, with such quarterly payments increasing to $1,250 beginning with the quarter ending December 31, 2016, and could be prepaid or repaid at any time prior to its maturity on February 27, 2018. The Jefferson Terminal Credit Agreement was secured on a first priority basis by substantially all assets of Jefferson Terminal, as defined in the agreement. Borrowings under the Jefferson Terminal Credit Agreement bore interest, at the Company’s option, at the Adjusted Eurodollar Rate plus a spread of 8.00% or at a Base Rate plus a spread of 7.00%. The Jefferson Terminal Credit Agreement provided for a prepayment premium ranging from 1-3% of the aggregate principal amount prepaid, including repayment at maturity (the “Exit Fee”). The Exit Fee payable at maturity, of approximately $2,753, was being recognized ratably over the term of the loan and recorded as a component of interest expense in the Consolidated Statement of Operations. At December 31, 2015 and December 31, 2014, borrowings under the Jefferson Terminal Credit Agreement bore interest at a rate of 9.50% and 9.00%, respectively, and interest expense for the year ending December 31, 2015 and December 31, 2014 was approximately $10,910 and $3,703, respectively, of which approximately $2,128 and $3,534, respectively, was related to capital improvements and was capitalized to Construction in Progress.

The Jefferson Terminal Credit Agreement contains affirmative and negative covenants which limit certain actions of the borrowers. At December 31, 2015, the Company was in compliance with all covenants under the Jefferson Terminal Credit Agreement.

On March 8, 2016, all amounts outstanding under the Jefferson Terminal Credit Agreement were paid in full and such agreement was terminated. See Note 19, Subsequent Events.

Bonds Payable

Series 2010 Bonds—On December 1, 2010, Jefferson County Development Corporation issued $300,000 of tax-exempt industrial bonds, the Series 2010 Bonds, which provided tax-exempt financing for businesses, to be used for specific purposes to stimulate the economy of the respective beneficiary counties. The proceeds of this issuance were loaned to Jefferson Terminal, to be held in trust, as restricted cash, to ensure adherence to the restrictions of use of the funds. Use of the proceeds required approval from a trustee prior to release of funds. The Series 2010 bonds had a stated maturity date of December 1, 2040, bore interest at a rate of 0.6% per year, and the principal amount was due at maturity.

In accordance with the terms of the trust indenture and security agreements, Series 2010 Bonds could be tendered by bondholders and purchased by the Company using the unused restricted cash proceeds. During the year ended December 31, 2014, $2,000 of principal was repaid related to the Series 2010 Bonds and the remaining $298,000 of principal was tendered by the bondholders and purchased by the Company utilizing unused restricted cash proceeds. As of December 31, 2014, Series 2010 Bonds purchased by the Company were deemed to be owned by the Company, and in the Consolidated Balance Sheet, the Company had $298,000 of Tendered Bonds and an equal corresponding amount in Debt. Tendered bonds did not convey principal or interest payments while held by the Company.

During year ended December 31, 2015, the Jefferson County Industrial Development Corporation, the Company, and Amegy Bank as the related trustee, agreed to cancel the Series 2010 Bonds. Accordingly, as of December 31, 2015, the Series 2010 Bonds are deemed cancelled and are no longer reported within Tendered Bonds or Debt in the Consolidated Balance Sheet.

Series 2012 Bonds—On August 1, 2012, Jefferson County Development Corporation issued $46,875 of tax-exempt industrial bonds (“Series 2012 Bonds”), to specifically fund construction and operation of an intermodal transfer facility for crude oil and refined petroleum products. The proceeds of this issuance were loaned to Jefferson Terminal, to be held in trust, as restricted cash, to ensure adherence to the restrictions of use of the funds. Use of the proceeds requires approval from a trustee prior to release of funds. Such restricted cash may only be released to us after payment of applicable reserves, including a six-month interest reserve, and expenses, as determined by the trustee. The Series 2012 Bonds have a stated maturity of July 1, 2032, bear interest at 8.25%, and require scheduled principal payments. The principal of the Series 2012 Bonds is payable annually at varying amounts.

In connection with the Company’s acquisition of Jefferson Terminal (Note 3), the Series 2012 Bonds were recorded at a fair value of $48,554, which represented a premium of $1,823 as compared to their face value at the date of acquisition; such premium is being amortized using the effective interest method over the remaining contractual term of the Series 2012 Bonds.

The Series 2012 Bond agreement contains a financial covenant requiring a subsidiary of the Company to maintain a long-term debt service coverage ratio, as defined in the agreement, of 1.25 to 1, in each fiscal year, beginning with December 31, 2014. At December 31, 2015, the Company was in compliance with all the covenants under the Series 2012 Bonds.

Note Payable to Non-Controlling Interest

Note Payable to Non-Controlling Interest—In May 2013, in connection with the capitalization of a consolidated subsidiary, the Company and the owner of the non-controlling interest loaned approximately $18,275 and $3,225, respectively, to the entity in proportion to their respective ownership percentages of 85% and 15%. The loans bear interest at an annual rate of 5% and require monthly payments of principal and interest through their final maturity in May 2021. The loan amount funded by the Company and related interest have been eliminated in consolidation.

At December 31, 2015, scheduled principal repayments under the Company’s debt agreements for the next five years and thereafter are summarized as follows:



	2016		2017		2018		2019		2020		Thereafter		Total
Bonds payable (excluding unamortized premium of $1,751)	$	1,320	$	1,425	$	1,545	$	1,670	$	1,810	$	37,740	$	45,510
Loans payable	22,900		48,591		101,515		48,438		—		—		221,444
Note payable to non-controlling interest	571		403		403		403		572		—		2,352
Total	$	24,791	$	50,419	$	103,463	$	50,511	$	2,382	$	37,740	$	269,306

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Fair value measurements and disclosures require the use of valuation techniques to measure fair value that maximize the use of observable inputs and minimize use of unobservable inputs. These inputs are prioritized as follows:

•Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.


•	Level 2: Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs.


•	Level 3: Unobservable inputs for which there is little or no market data and which require the Company to develop its own assumptions about how market participants price the asset or liability.

The valuation techniques that may be used to measure fair value are as follows:


•	Market approach—Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.


•	Income approach—Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about those future amounts.


•	Cost approach—Based on the amount that currently would be required to replace the service capacity of an asset (replacement cost).

The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and December 31, 2014, by level within the fair value hierarchy. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.



	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2015		December 31, 2015
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets:
Cash and cash equivalents	$	381,703	$	381,703	$	—	$	—	Market
Restricted cash	21,610		21,610		—		—		Market
Derivative assets	101		—		101		—		Income
Total assets at fair value	$	403,414	$	403,313	$	101	$	—

	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2014		December 31, 2014
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets:
Cash and cash equivalents	$	22,125	$	22,125	$	—	$	—	Market
Restricted cash	21,084		21,084		—		—		Market
Derivative assets	232		—		232		—		Income
Total assets at fair value	$	43,441	$	43,209	$	232	$	—

At December 31, 2015 and December 31, 2014, the Company had no liabilities that were measured at fair value on a recurring basis.

The Company’s cash and cash equivalents and restricted cash consist largely of demand deposit accounts with maturities of 90 days or less when purchased that are considered to be highly liquid and easily tradable. These instruments are valued using inputs observable in active markets for identical instruments and are therefore classified as Level 1 within the fair value hierarchy. The Company’s derivatives are valued using discounted cash flow models with observable market inputs (i.e., cash rates, futures rates, swap rates and contractual cash flows) that can be verified and do not involve significant judgments and are therefore classified as Level 2 within the fair value hierarchy.

Except as discussed below, the Company’s financial instruments other than cash and cash equivalents, restricted cash, and derivatives consist principally of accounts receivable, accounts payable and accrued liabilities, bonds payable, security deposits, maintenance deposits and management fees payable, whose fair value approximates their carrying value based on an evaluation of pricing data, vendor quotes, and historical trading activity or due to their short maturity profiles.

At December 31, 2015 and December 31, 2014, the Company’s notes receivable, included as a component of other assets on the accompanying Consolidated Balance Sheets, consisted of a $3,725 loan bearing interest at 12.0% made to the Company’s joint venture partner in MT 6015 (Note 2) which is collateralized by other property owned by the joint venture partner. At December 31, 2015, the Company's notes receivable also included a $14,869 loan bearing interest at 10% related to a terminal site under development, collateralized by property at that site. The fair values of these notes receivable approximate carrying value due to both bearing a market rate of interest for similar types of loans and is classified as Level 2 within the fair value hierarchy.

The fair values of Container Loan #1 and Container Loan #2, reported in Debt on the Consolidated Balance Sheets at December 31, 2015 and December 31, 2014, were approximately $34,758 and $42,515, respectively, and $11,359 and $19,129, respectively, based upon current market interest rates for similar types of loans. The fair value of Series 2012 bonds, reported in Debt on the Consolidated Balance Sheets, was approximately $49,268 at December 31, 2015 and approximated carrying value at December 31, 2014, based upon market prices for similar municipal securities. The fair values of all other items reported as Debt on the Consolidated Balance Sheets approximate their carrying values due to their bearing market rates of interest, and are classified as Level 2 within the fair value hierarchy.

The Company measures the fair value of certain assets and liabilities on a non-recurring basis when GAAP requires the application of fair value, including events or changes in circumstances that indicate that the carrying amounts of assets may not be recoverable. Assets subject to these measurements include goodwill, intangible assets, property, plant and equipment and leasing equipment. The Company records such assets at fair value when it is determined the carrying value may not be recoverable. Fair value measurements for assets subject to impairment tests are based on an income approach which uses Level 3 inputs, which include the Company’s assumptions as to future cash flows from operation of the underlying businesses and the leasing and eventual sale of assets.

During the years ended December 31, 2015 and 2014, no impairment charges were recognized related to the Company's assets and liabilities measured at fair value on a recurring basis. See Note 7 for impairment recorded by the Company's investment in unconsolidated entity during the year ended December 31, 2015.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

REVENUES

12 Months Ended

Dec. 31, 2015

Revenue Disclosure [Abstract]

REVENUES

Components of revenue are as follows:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	42,924	$	21,959	$	—	$	—	$	—	$	64,883
Maintenance revenue	17,286		—		—		—		—		17,286
Finance lease income	—		1,665		7,082		—		—		8,747
Other revenue	1,120		607		100		—		—		1,827
Total equipment leasing revenues	$	61,330	$	24,231	$	7,182	$	—	$	—	$	92,743
Infrastructure revenues
Lease income	—		—		—		4,620		—		4,620
Rail revenues	—		—		—		—		25,550		25,550
Terminal services revenues	—		—		—		13,655		—		13,655
Total infrastructure revenues	—		—		—		$	18,275	$	25,550	$	43,825
Total revenues	$	61,330	$	24,231	$	7,182	$	18,275	$	25,550	$	136,568



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	14,991	$	12,690	$	—	$	—	$	—	$	27,681
Maintenance revenue	5,964		—		—		—		—		5,964
Finance lease income	—		1,716		8,297		—		—		10,013
Other revenue	3		224		99		—		—		326
Total equipment leasing revenues	$	20,958	$	14,630	$	8,396	$	—	$	—	$	43,984
Infrastructure revenues
Lease income	—		—		—		1,325		—		1,325
Rail revenues	—		—		—		—		9,969		9,969
Terminal services revenues	—		—		—		2,652		—		2,652
Total infrastructure revenues	—		—		—		$	3,977	$	9,969	$	13,946
Total revenues	$	20,958	$	14,630	$	8,396	$	3,977	$	9,969	$	57,930



	Year Ended December 31, 2013
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	4,282	$	5,002	$	—	$	—	$	—	$	9,284
Maintenance revenue	2,242		—		—		—		—		2,242
Finance lease income	—		262		7,519		—		—		7,781
Other revenue	121				102		—		—		223
Total equipment leasing revenues	6,645		5,264		7,621		—		—		19,530
Total revenues	$	6,645	$	5,264	$	7,621	$	—	$	—	$	19,530

Minimum future annual revenues contracted to be received under existing operating leases of equipment at December 31, 2015 are as follows:



	Year ending December 31,
2016	$	59,111
2017	44,623
2018	32,054
2019	16,877
2020	7,206
Thereafter	1,452
	$	161,323

EQUITY-BASED COMPENSATION

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

EQUITY-BASED COMPENSATION

In 2015, subsequent to the IPO, the Company established a Nonqualified Stock Option and Incentive Award Plan (“Incentive Plan”) which provides for the ability to award equity compensation awards in the form of stock options, stock appreciation rights, restricted stock, and performance awards to eligible employees, consultants, directors, and other individuals who provide services to the Company, each as determined by the Compensation Committee of the Board of Directors. Amounts are in thousands except share data.

As of December 31, 2015, the Incentive Plan provides for the issuance of up to 30,000,000 shares. The Company accounts for equity-based compensation expense in accordance with Accounting Standards Codification 718 Compensation-Stock Compensation (“ASC 718”) and is reported within Operating Expenses and General and Administrative in the Consolidated Statements of Operations.

Stock Options

In June 2015, the Company issued an aggregate of 15,000 stock options (5,000 options each) to its three independent directors pursuant to the Incentive Plan with a grant date fair value of $24 which immediately vested upon grant and expire after 10 years. The fair value of each stock option was estimated on the date of grant using a Black-Scholes option valuation model using the following assumptions:



		Year Ended December 31, 2015
Expected volatility	Due to the lack of historical data for the Company’s own stock, the Company has based its expected volatility on a representative peer group with similar business characteristics.	28%
Risk free interest rate	The risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant.	2.4%
Expected dividend yield	The expected dividend yield is based on management’s current expected dividend rate.	6.50%
Expected term	Expected term used represents the period of time the options granted are expected to be outstanding.	5 years



		Options	Weighted-Average Exercise Price (per share)		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Stock options outstanding at January 1, 2015		—
	Granted	15,000	$	16.98
	Exercised	—
	Forfeited and cancelled	—
Stock options outstanding and exercisable as of December 31, 2015		15,000	16.98		9.42	$	—

Restricted Shares

Starting in 2014, the Company has granted equity based compensation to employees of a subsidiary consisting of 1.3 million restricted shares of such subsidiary’s equity instruments in exchange for services to be provided. One award for 1.25 million restricted shares vests in three tranches over three years, subject to continued employment and the achievement of three separate performance conditions based on EBITDA for that subsidiary, as defined. The award expires in August 2017. The award is equity based, with compensation expense recognized ratably over the remaining service period when it is probable that the performance conditions will be achieved. The grant date fair value of the award is $23,879 which was based on the fair value per share on August 27, 2014, the date of grant, and estimated using a market approach. As of December 31, 2015, the achievement of one performance condition representing 50% of the grant value remains probable.

A second award vests over four years, subject to continued employment. The grant date fair value of the award is $800, which is based on the fair value per share on the date of grant, estimated using a market approach.

All restricted shares were outstanding and unvested as of December 31, 2015 and December 31, 2014. The awards have an assumed forfeiture rate of zero.

Common Units

Starting in 2014, the Company has granted equity based compensation to employees of a subsidiary consisting of 1.4 million common units of such subsidiary’s equity instruments with an aggregate grant date fair value of $1,688 in exchange for services to be provided. The awards have varying terms, ranging between 16 and 36 months, and vest subject to continued employment through each respective vesting date. The awards are equity based, with compensation expense recognized ratably over the vesting periods. The awards have an assumed forfeiture rate of zero. As of December 31, 2015 and December 31, 2014, 733 and 1,300 common units were nonvested, respectively. During the year ended December 31, 2015, 617 common units vested, with a fair value of $765.

The fair value of the awards are based on the fair value of the operating subsidiary on each date of grant, which was estimated using a discounted cash flow analysis which requires the application of discount factors and terminal multiples to projected cash flows. Discount factors and terminal multiples were based on market based inputs and transactions, as available at the measurement dates.

The Company’s Statements of Operations includes the following expense related to its stock-based compensation arrangements:



	Year Ended December 31, 2015		Remaining Expense To Be Recognized, If All Vesting Conditions Are Met
Stock Options	$	24	$	—
Restricted Shares	3,432		20,110
Common Units	1,206		354
Total	$	4,662	$	20,464

During the year ended December 31, 2014, the Company recorded stock-based compensation expense related to restricted shares and common units of $1,137 and $128, respectively.

INCOME TAXES

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

INCOME TAXES

The current and deferred components of the income tax expense included in the Consolidated Statements of Operations are as follows:



	Year Ended December 31,
	2015			2014		2013
Current:
Federal	$	86		$	700	$	—
State and local	45			15		—
Foreign	222			—		—
Total current provision	353			715		—

Deferred:
Federal	(79		)	158		—
State and local	—			1		—
Foreign	312			—		—
Total deferred provision (benefit)	233			159		—

Total provision for income taxes	$	586		$	874	$	—

The Company is taxed as a flow-through entity for U.S. income tax purposes and its taxable income or loss generated is the responsibility of its owners. Taxable income or loss generated by the Company’s corporate subsidiaries is subject to U.S. federal, state and foreign corporate income tax in locations where they conduct business.

The difference between the Company's reported provision for income taxes and the U.S. federal statutory rate of 35% is as follows:



	December 31,
	2015		2014		2013
U.S. federal tax at statutory rate	35.0	%	35.0	%	35.0	%
Income not subject to tax	25.2	%	(241.2	)%	(35.0	)%
State and local taxes	(0.2	)%	0.4	%
Foreign taxes	(1.9	)%	—	%
Other	(0.2	)%	—	%
Change in valuation allowance	(60.0	)%	228.8	%
Provision for income taxes	(2.1	)%	23.0	%	—	%

Significant components of our deferred tax assets and liabilities are as follows:



	December 31,
	2015			2014
Deferred tax assets:
Net operating loss carryforwards	$	24,234		$	6,144
Accrued expenses	1,767			1,934
Interest expense	4,038			1,033
Other	2,712			451
Total deferred tax assets	32,751			9,562
Less valuation allowance	(24,786		)	(8,675		)
Net deferred tax assets	7,965			887
Deferred tax liabilities:
Fixed assets	$	8,357		$	1,046
Net deferred tax liabilities	$	(392	)	$	(159	)

Current and deferred tax assets and liabilities are reported in other assets and other liabilities, respectively, in the Consolidated Balance Sheet. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. The Company has analyzed its deferred tax assets and has determined, based on the weight of available evidence, that it is more likely than not that a significant portion will not be realized. Accordingly, valuation allowances have been recognized as of December 31, 2015 and December 31, 2014 of approximately $24,786 and $8,675, respectively, related to certain deductible temporary differences and net operating loss carryforwards.

A summary of the changes in the valuation allowance follows:



	December 31,
	2015		2014
Valuation allowance at beginning of period	$	8,675	$	—
Increase to valuation allowance attributable to:
Current year loss	16,111		8,675
Valuation allowance at end of period	$	24,786	$	8,675

As of December 31, 2015 and 2014, certain corporate subsidiaries of the Company had U.S. federal net operating loss carryforwards of approximately $62,014 and $13,000, respectively, and $60,646 and $12,300, respectively, of various state and local net operating loss carryforwards that are available to offset future taxable income, if and when it arises. These net operating loss carryforwards begin to expire in the year 2034. As of December 31, 2015 and 2014, the Company also had net operating loss carryforwards for Canadian federal and provincial income taxes of $6,672 and $4,000, respectively, which will begin to expire in the year 2034. As of December 31, 2015, the Company also had net operating loss carryforwards for Irish income tax purposes of $900, which can be carried forward indefinitely against future business income. The utilization of the net operating loss carryforwards to reduce future income taxes will depend on the corporate subsidiaries’ ability to generate sufficient taxable income prior to the expiration of the carryforward period. In addition, the maximum annual use of net operating loss carryforwards may be limited in certain situations after changes in stock ownership occur.

As of and for the years ended December 31, 2015 and 2014, the Company had not established a liability for uncertain tax positions as no such positions existed. In general, the Company’s tax returns and the tax returns of its corporate subsidiaries are subject to U.S. federal, state and local and foreign income tax examinations by tax authorities. Generally, the Company is not subject to examination by taxing authorities for tax years prior to 2012. The Company does not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date.

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	12 Months Ended
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	Dec. 31, 2015
Related Party Transactions [Abstract]
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS The Manager is paid annual fees in exchange for advising the Company on various aspects of its business, formulating its investment strategies, arranging for the acquisition and disposition of assets, arranging for financing, monitoring performance, and managing its day-to-day operations, inclusive of all costs incidental thereto. In addition, the Manager may be reimbursed for various expenses incurred by the Manager on the Company’s behalf, including the costs of legal, accounting and other administrative activities. In May 2015, in connection with the IPO, the Company entered into a new management agreement with the Manager, (the “Management Agreement”) which replaced its then-existing management agreement as a private fund. The terms of each arrangement, pre-IPO and post-IPO, are described below. Pre-IPO Management Agreement The pre-IPO management fee was calculated at an annual rate of 1.25% for any Onshore Fund or Offshore Fund investor (collectively, the “Fund Investors”) with a capital commitment of at least $100 million and 1.50% for any capital commitment of less than $100 million, payable semi-annually in arrears. Commencing with the date of the initial closing of the Onshore Fund and the Offshore Fund and continuing through the third anniversary of their final closing (the “Fund Commitment Period”), this percentage was applied to the weighted average of all capital called, reduced for any return of capital resulting from the partial or complete disposition of any Portfolio Investment, as defined. During the years ended December 31, 2015, 2014, and 2013, pre-IPO management fees were $3,873, $5,463, and $2,211, respectively. In addition, affiliates of the Manager were entitled to receive an amount not to exceed $1 million per annum to cover legal, compliance, operational, tax, accounting, insurance, transfer agent and informational technology services (“Specified General and Administrative Expenses”) performed by employees of such affiliates on behalf of the Company or the Onshore Fund and the Offshore Fund. No expenses were reimbursed to the Manager or its affiliates for any period prior to the IPO. Prior to the IPO, the Master GP was entitled to an incentive return (the “Incentive Return”) generally equal to 10% of the Partnership’s profits (before certain taxes), as defined, subject to: i) an 8% cumulative preferred return payable to the Onshore Fund and Offshore Fund investors and ii) a clawback provision which requires amounts previously distributed as Incentive Return to be returned to the Company for the benefit of the Onshore Fund and Offshore Fund investors (after adjusting for tax in accordance with the partnership agreement) if, upon the termination of the Company, the amounts ultimately distributed to the Master GP exceed its allocable amount. The Incentive Return was distributable to the Master GP from Distributable Proceeds of the Partnership (as defined) as they were distributed. Accordingly, an Incentive Return would have been paid to the Master GP in connection with a particular investment if and when such investment generated proceeds in excess of the capital called with respect to such investment, plus an 8% cumulative preferred return on such investment and on all previously liquidated investments. If, upon the termination of the Partnership, the aggregate amount paid to the Master GP as Incentive Return exceeded the amount actually due after taking into account the aggregate return to the Onshore Fund and the Offshore Fund investors, the excess was required to be returned by the Master GP (“clawed back”, after adjusting for tax in accordance with the Company agreements) to the Company for benefit of the Fund Investors. Immediately prior to the consummation of the IPO, the Master GP contributed its rights to previously undistributed incentive return pursuant to the Partnership Agreement in exchange for limited partnership interests in each of the Onshore Fund and Offshore Fund equal to the amount of any such undistributed incentive returns. Certain employees of an affiliate of the Manager are or may become entitled to receive profit sharing arrangements from the Master GP, pursuant to which they receive a portion of the Master GP’s Incentive Return. The Company is not required to reimburse the Master GP for such amounts. During the years ended December 31, 2015, 2014, and 2013, the Master GP did not incur any amounts payable to these employees under such profit sharing arrangements attributable to the operations of the Company. Post-IPO Management Agreement The Manager is entitled to a management fee, incentive allocations (comprised of income incentive allocation and capital gains incentive allocation, defined below) and reimbursement of certain expenses. The post-IPO management fee is determined by taking the average value of total equity (excluding non-controlling interests) determined on a consolidated basis in accordance with GAAP at the end of the two most recently completed months multiplied by an annual rate of 1.50%, and is payable monthly in arrears in cash. The total post-IPO management fees for the year ended December 31, 2015 was $11,145. The income incentive allocation is calculated and distributable quarterly in arrears based on the pre-incentive allocation net income for the immediately preceding calendar quarter (the “Income Incentive Allocation”). For this purpose, pre-incentive allocation net income means, with respect to a calendar quarter, net income attributable to shareholders during such quarter calculated in accordance with GAAP excluding the Company’s pro rata share of (1) realized or unrealized gains and losses, and (2) certain non-cash or one-time items, and (3) any other adjustments as may be approved by the Company’s independent directors. Pre-incentive allocation net income does not include any Income Incentive Allocation or Capital Gains Incentive Allocation (described below) paid to the Master GP during the relevant quarter. A subsidiary of the Company allocates and distributes to the Master GP an Income Incentive Allocation with respect to its pre-incentive allocation net income in each calendar quarter as follows: (1) no Income Incentive Allocation in any calendar quarter in which pre-incentive allocation net income, expressed as a rate of return on the average value of the Company’s net equity capital (excluding non-controlling interests) at the end of the two most recently completed calendar quarters, does not exceed 2.0% for such quarter (8.0% annualized); (2) 100% of pre-incentive allocation net income with respect to that portion of such pre-incentive allocation net income, if any, that is equal to or exceeds 2.00% but does not exceed 2.2223% for such quarter; and (3) 10.0% of the amount of pre-incentive allocation net income, if any, that exceeds 2.2223% for such quarter. These calculations will be prorated for any period of less than three months. No Income Incentive Allocation was due to the Master GP for the year ended December 31, 2015. Capital Gains Incentive Allocation is calculated and distributable in arrears as of the end of each calendar year and is equal to 10% of the Company’s pro rata share of cumulative realized gains from the date of the IPO through the end of the applicable calendar year, net of the Company’s pro rata share of cumulative realized or unrealized losses, the cumulative non-cash portion of equity-based compensation expenses and all realized gains upon which prior performance-based Capital Gains Incentive Allocation payments were made to the Master GP. No Capital Gains Incentive Allocation was due to the Master GP for the year ended December 31, 2015. The Company will pay all of its operating expenses, except those specifically required to be borne by the Manager under the Management Agreement. The expenses required to be paid by the Company include, but are not limited to, issuance and transaction costs incident to the acquisition, disposition and financing of the company’s assets, legal and auditing fees and expenses, the compensation and expenses of the Company’s independent directors, the costs associated with the establishment and maintenance of any credit facilities and other indebtedness of the Company (including commitment fees, legal fees, closing costs, etc.), expenses associated with other securities offerings of the Company, costs and expenses incurred in contracting with third parties (including affiliates of the Manager), the costs of printing and mailing proxies and reports to the Company’s shareholders, costs incurred by the Manager or its affiliates for travel on the Company’s behalf, costs associated with any computer software or hardware that is used for the Company, costs to obtain liability insurance to indemnify the Company’s directors and officers and the compensation and expenses of the Company’s transfer agent. The Company will pay or reimburse the Manager and its affiliates for performing certain legal, accounting, due diligence tasks and other services that outside professionals or outside consultants otherwise would perform, provided that such costs and reimbursements are no greater than those which would be paid to outside professionals or consultants. The Manager is responsible for all of its other costs incident to the performance of its duties under the Management Agreement, including compensation of the Manager’s employees, rent for facilities and other “overhead” expenses; the Company will not reimburse the Manager for these expenses. During year ended December 31, 2015, expense reimbursement of $4,119 was recorded in General and Administrative and $2,181 was recorded in Acquisition and Transaction expenses in the Consolidated Statements of Operations. If the Company terminates the Management Agreement, it will generally be required to pay the Manager a termination fee. The termination fee is equal to the amount of the management fee during the 12 months immediately preceding the date of the termination. In addition, an Incentive Allocation Fair Value Amount will be distributable to the Master GP if the Master GP is removed due to the termination of the Management Agreement in certain specified circumstances. The Incentive Allocation Fair Value Amount is an amount equal to the Income Incentive Allocation and the Capital Gains Incentive Allocation that would be paid to the Master GP if the Company’s assets were sold for cash at their then current fair market value (as determined by an appraisal, taking into account, among other things, the expected future value of the underlying investments). Upon the successful completion of a post-IPO offering of the Company’s common shares or other equity securities (including securities issued as consideration in an acquisition), the Company will grant the Manager options to purchase common shares in an amount equal to 10% of the number of common shares being sold in the offering (or if the issuance relates to equity securities other than the Company’s common shares, options to purchase a number of common shares equal to 10% of the gross capital raised in the equity issuance divided by the fair market value of a common share as of the date of issuance), with an exercise price equal to the offering price per share paid by the public or other ultimate purchaser or attributed to such securities in connection with an acquisition (or the fair market value of a common share as of the date of the equity issuance if it relates to equity securities other than our common shares). Any ultimate purchaser of common shares for which such options are granted may be an affiliate of Fortress. As of December 31, 2015 and December 31, 2014, amounts receivable from the Manager or its affiliates of $0 and $335, respectively, are included within other assets on the Consolidated Balance Sheets. As of December 31, 2015 and December 31, 2014, amounts due to the Manager or its affiliates of $994 and $160, respectively, excluding accrued management fees, are included within other liabilities on the Consolidated Balance Sheets. As of December 31, 2015 and December 31, 2014, amounts due to the Manager or its affiliates of $1,506 and $3,626, respectively, related to accrued management fees, are included within accounts payable and accrued liabilities on the Consolidated Balance Sheets. Other Affiliate Transactions As of December 31, 2015 and December 31, 2014, a private equity fund sponsored by Fortress owns an approximately 20% interest in Jefferson Terminal which has been accounted for as a component of non-controlling interest in consolidated subsidiaries in the accompanying consolidated financial statements. The carrying amount of this non-controlling interest at December 31, 2015 and December 31, 2014 was $71,321 and $54,273. For the year ending December 31, 2015 and December 31, 2014, the amount of this non-controlling interest share of net loss was $(7,950) and $(3,068), respectively. A non-controlling interest holder of Jefferson Terminal provides construction services for Jefferson Terminal. At December 31, 2015 and December 31, 2014, accounts payable due to this vendor was $4,708 and $14,025, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company’s reportable segments represent strategic business units comprised of investments in different types of transportation and infrastructure assets. The Company has five reportable segments which operate in the Equipment Leasing and Infrastructure businesses across several market sectors. The Company’s reportable segments are Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Aviation Leasing consists of aircraft and aircraft engines held for lease and are typically held long-term. Offshore Energy consists of vessels and equipment that support offshore oil and gas drilling and production which are typically subject to long-term operating leases. Shipping Containers consist of investments in shipping containers and related equipment subject to operating leases and finance leases and also includes an investment in an unconsolidated entity engaged in the acquisition and leasing of shipping containers (on both an operating lease and finance lease basis). Jefferson Terminal consists of a multi-modal crude oil and refined products terminal and other related assets. Railroad consists of our CMQR railroad operations.

With the CMQR and Jefferson Terminal acquisitions during 2014, the Company created two new reporting segments, Jefferson Terminal and Railroad. The Chief Operating Decision Maker (“CODM”) also implemented Adjusted Net Income as the key performance measure during the same period. This segment structure and performance measure reflects the current management of the businesses and provides the CODM with the information necessary to assess operational performance as well as make resource and allocation decisions.

Corporate consists primarily of unallocated Company level general and administrative expenses and management fees. The accounting policies of the segments are the same as those described in the summary of significant accounting policies; however financial information presented by segment include the impact of intercompany eliminations. The Company evaluates investment performance for each reportable segment primarily based on Net Income attributable to shareholders and Adjusted Net Income.

Adjusted Net Income is defined as net income attributable to shareholders, adjusted (a) to exclude the impact of provision for income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and capital lease obligations, changes in fair value of non-hedge derivative instruments, asset impairment charges, incentive allocations, and equity in earnings of unconsolidated entities; (b) to include the impact of cash income tax payments, the Company’s pro-rata share of the Adjusted Net Income from unconsolidated entities (collectively “Adjusted Net Income”), and (c) to exclude the impact of the non-controlling share of Adjusted Net Income.

The Company believes that net income attributable to shareholders as defined by GAAP is the most appropriate earnings measurement with which to reconcile Adjusted Net Income. Adjusted Net Income should not be considered as an alternative to Net Income attributable to shareholders as determined in accordance with GAAP.

The following tables set forth certain information for each reportable segment of the Company:

I. For the Year Ended December 31, 2015



	Year Ended December 31, 2015
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing	$	61,330	$	24,231	$	7,182		$	—		$	—		$	—		$	92,743
Infrastructure	—		—		—			18,275			25,550			—			43,825
Total revenues	61,330		24,231		7,182			18,275			25,550			—			136,568

Expenses
Operating expenses	2,820		4,650		350			33,154			27,819			—			68,793
General and administrative	—		—		—			—			—			7,568			7,568
Acquisition and transaction expense	—		—		—			—			—			5,683			5,683
Management fees and incentive allocation to affiliate	—		—		—			—			—			15,018			15,018
Depreciation and amortization	23,549		5,967		—			13,897			1,895			—			45,308
Interest expense	—		3,794		2,393			12,546			578			—			19,311
Total expenses	26,369		14,411		2,743			59,597			30,292			28,269			161,681

Other income (expense)
Equity in losses of unconsolidated entities	—		—		(6,956		)	—			—			—			(6,956		)
Gain (loss) on sale of equipment	3,053		—		—			(199		)	565			—			3,419
Interest income	11		483		—			85			—			—			579
Other income (expense)	—		—		(14		)	40			—			—			26
Total other income (expense)	3,064		483		(6,970		)	(74		)	565			—			(2,932		)
Income (loss) before income taxes	38,025		10,303		(2,531		)	(41,396		)	(4,177		)	(28,269		)	(28,045		)
Provision (benefit) for income taxes	668		—		(127		)	41			—			4			586
Net income (loss)	37,357		10,303		(2,404		)	(41,437		)	(4,177		)	(28,273		)	(28,631		)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	21		676		—			(17,376		)	(121		)	(5		)	(16,805		)
Net income (loss) attributable to shareholders	$	37,336	$	9,627	$	(2,404	)	$	(24,061	)	$	(4,056	)	$	(28,268	)	$	(11,826	)

The following table sets forth a reconciliation of Adjusted Net Income to Net Income (Loss) attributable to shareholders:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	37,777	$	9,627	$	7,991	$	(22,153	)	$	(2,898	)	$	(22,557	)	$	7,787
Add: Non-controlling share of adjustments to Adjusted Net Income																1,333
Add: Equity in (losses) earnings of unconsolidated entities																(6,956		)
Add: Cash payments for income taxes																507
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(3,552		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(14		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(5,683		)
Less: Equity-based compensation expense																(4,662		)
Less: Provision for income taxes																(586		)
Net Loss attributable to shareholders																$	(11,826	)

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	10,969	$	—	$	—	$	—	$	—	$	—	$	10,969
Asia	27,168		7,483		5,309		—		—		—		39,960
Europe	20,008		15,071		—		—		—		—		35,079
North America	2,304		1,677		1,873		18,275		25,550		—		49,679
South America	881		—		—		—		—		—		881
Total revenues	$	61,330	$	24,231	$	7,182	$	18,275	$	25,550	$	—	$	136,568

II. For the Year Ended December 31, 2014



	Year Ended December 31, 2014
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing	$	20,958	$	14,630	$	8,396		$	—		$	—					$	43,984
Infrastructure	—		—		—			3,977			9,969						13,946
Total revenues	20,958		14,630		8,396			3,977			9,969			—			57,930

Expenses
Operating expenses	1,713		1,054		257			9,095			15,104			—			27,223
General and administrative	—		—		—			—			—			2,007			2,007
Acquisition and transaction expense	—		—		—			5,494			5,646			310			11,450
Management fees and incentive allocation to affiliate	—		—		—			—			—			5,463			5,463
Depreciation and amortization	9,445		2,801		—			2,763			989			—			15,998
Interest expense	—		1,248		2,840			1,552			187			45			5,872
Total expenses	11,158		5,103		3,097			18,904			21,926			7,825			68,013

Other income (expense)
Equity in earnings of unconsolidated entities	—		—		6,093			—			—			—			6,093
Gain on sale of equipment	7,576		—		—			—			—			—			7,576
Interest income	26		160		—			—			—			—			186
Other income (expense)	—		—		(26		)	46			—			—			20
Total other income	7,602		160		6,067			46			—			—			13,875
Income (loss) before income taxes	17,402		9,687		11,366			(14,881		)	(11,957		)	(7,825		)	3,792
Provision for income taxes	490		—		100			284			—			—			874
Net income (loss)	16,912		9,687		11,266			(15,165		)	(11,957		)	(7,825		)	2,918
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	—		704		—			(5,566		)	—			—			(4,862		)
Net income (loss) attributable to shareholders	$	16,912	$	8,983	$	11,266		$	(9,599	)	$	(11,957	)	$	(7,825	)	$	7,780

The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders:



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	17,136	$	8,976	$	11,453	$	(3,209	)	$	(6,183	)	$	(7,516	)	$	20,657
Add: Non-controlling share of adjustments to Adjusted Net Income																525
Add: Equity in earnings of unconsolidated entities																6,093
Add: Cash payments for income taxes																274
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(6,155		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(25		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(11,450		)
Less: Equity-based compensation expense																(1,265		)
Less: Provision for income taxes																(874		)
Net Income attributable to shareholders																$	7,780

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	7,818	$	—	$	—	$	—	$	—	$	—	$	7,818
Asia	3,246		7,483		6,024		—		—		—		16,753
Europe	8,240		5,432		—		—		—		—		13,672
North America	1,561		1,715		2,372		3,977		9,969		—		19,594
South America	93		—		—		—		—		—		93
Total revenues	$	20,958	$	14,630	$	8,396	$	3,977	$	9,969	$	—	$	57,930

III. For the Year Ended December 31, 2013



	Year Ended December 31, 2013
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate			Total
Revenues
Equipment leasing	$	6,645	$	5,264	$	7,621	$	—	$	—	$	—		$	19,530
Infrastructure	—		—		—		—		—		—			—
Total revenues	6,645		5,264		7,621		—		—		—			19,530

Expenses
Operating expenses	2,191		450		516		—		—		—			3,157
General and administrative	—		—		—		—		—		805			805
Acquisition and transaction expense	—		—		—		—		—		260			260
Management fees and incentive allocation to affiliate	—		—		—		—		—		2,211			2,211
Depreciation and amortization	2,972		937		—		—		—		—			3,909
Interest expense	—		104		2,699		—		—		13			2,816
Total expenses	5,163		1,491		3,215		—		—		3,289			13,158

Other income
Equity in earnings of unconsolidated entities	—		2,700		7,625		—		—		—			10,325
Gain on sale of equipment	2,415		—		—		—		—		—			2,415
Gain on sale of unconsolidated entity	—		6,144		—		—		—		—			6,144
Interest income	23		—		—		—		—		—			23
Total other income	2,438		8,844		7,625		—		—		—			18,907
Income (loss) before income taxes	3,920		12,617		12,031		—		—		(3,289		)	25,279
Provision for income taxes	—		—		—		—		—		—			—
Net income (loss)	3,920		12,617		12,031		—		—		(3,289		)	25,279
Less: Net income attributable to non-controlling interests in consolidated subsidiaries	—		458		—		—		—		—			458
Net income (loss) attributable to shareholders	$	3,920	$	12,159	$	12,031	$	—	$	—	$	(3,289	)	$	24,821

The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders:



	Year Ended December 31, 2013
	Equipment Leasing
	Aviation Leasing		Offshore Energy		Shipping Containers		Corporate			Total
Adjusted Net Income (Loss)	$	3,920	$	12,159	$	12,031	$	(3,029	)	$	25,081
Add: Non-controlling share of adjustments to Adjusted Net Income										—
Add: Equity in earnings of unconsolidated entities										10,325
Add: Cash payments for income taxes										—
Less: Incentive allocations										—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities										(10,325		)
Less: Asset impairment charges										—
Less: Changes in fair value of non-hedge derivative instruments										—
Less: Losses on the modification or extinguishment of debt and capital lease obligations										—
Less: Acquisition and transaction expenses										(260		)
Less: Equity-based compensation expense										—
Less: Provision for income taxes										—
Net Income attributable to shareholders										$	24,821

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Year Ended December 31, 2013
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	654	$	—	$	—	$	—	$	—	$	—	$	654
Asia	1,714		5,002		6,665		—		—		—		13,381
Europe	3,319		—		—		—		—		—		3,319
North America	958		262		956		—		—		—		2,176
Total revenues	$	6,645	$	5,264	$	7,621	$	—	$	—	$	—	$	19,530

IV. Balance Sheet and location of long-lived assets

The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment, net and leasing equipment, net as of December 31, 2015 and December 31, 2014:



	December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	443,532	$	214,811	$	86,237	$	486,522	$	34,411	$	384,128	$	1,649,641

Debt	—		69,540		46,099		146,011		9,407		—		271,057

Total liabilities	50,873		75,093		46,223		162,746		19,938		4,082		358,955

Non-controlling interests in equity of consolidated subsidiaries	899		7,692		—		113,514		1,714		584		124,403

Total equity	392,659		139,718		40,014		323,776		14,473		380,046		1,290,686

Total liabilities and equity	$	443,532	$	214,811	$	86,237	$	486,522	$	34,411	$	384,128	$	1,649,641



	December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	56,927	$	—	$	—	$	—	$	—	$	—	$	56,927
Asia	189,364		39,138		—		—		—		—		228,502
Europe	130,632		135,442		—		—		—		—		266,074
North America	37,950		—		—		317,766		24,692		—		380,408
South America	4,448		—		—		—		—		—		4,448
Total property, plant and equipment and leasing equipment, net	$	419,321	$	174,580	$	—	$	317,766	$	24,692	$	—	$	936,359



	December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	308,957	$	212,699	$	117,298	$	721,266	$	30,605	$	13,915	$	1,404,740

Debt	—		76,024		61,154		446,272		9,417		—		592,867

Total liabilities	50,282		81,903		61,434		470,710		19,499		7,415		691,243

Non-controlling interests in equity of consolidated subsidiaries	—		7,319		—		91,118		628		—		99,065

Total equity	258,675		130,796		55,864		250,556		11,106		6,500		713,497

Total liabilities and equity	$	308,957	$	212,699	$	117,298	$	721,266	$	30,605	$	13,915	$	1,404,740



	December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	47,945	$	—	$	—	$	—	$	—	$	—	$	47,945
Asia	119,232		40,637		—		—		—		—		159,869
Europe	105,762		137,981		—		—		—		—		243,743
North America	13,335		—		—		251,407		19,862		—		284,604
South America	599		—		—		—		—		—		599
Total property, plant and equipment and leasing equipment, net	$	286,873	$	178,618	$	—	$	251,407	$	19,862	$	—	$	736,760

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic (loss) earnings per share (“EPS”) is calculated by dividing net (loss) income attributable to the Company by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing net (loss) income attributable to the Company by the weighted average number of shares of common stock outstanding, plus potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method.

The Company completed an IPO on May 20, 2015 in which the Initial Shareholders, immediately prior to the consummation of the IPO, received shares in proportion to their respective ownership percentages. As a result, the Company has retrospectively presented the shares outstanding for all prior periods presented.

The calculation of basic and diluted EPS is presented below (in thousands, except share and per share data).



	Year Ended December 31,
	2015			2014		2013
Net Income (loss) Attributable to Shareholders	$	(11,826	)	$	7,780	$	24,821
Weighted Average Shares Outstanding - Basic	67,039,439			53,502,873		53,502,873
Weighted Average Shares Outstanding - Diluted	67,039,439			53,502,873		53,502,873

Basic and Diluted EPS	$	(0.18	)	$	0.15	$	0.46

For the year ended December 31, 2015, 1,507 shares have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

In the normal course of business the Company and its subsidiaries may be involved in various claims, legal proceedings, or may enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. Within the Company’s Offshore Energy segment, a lessee has asserted that it is entitled to certain reimbursable expenses or adjustments per the terms of the related charter agreement. Although the Company believes it has strong defenses against these claims, the range of potential damages is $0 to $3,978. No amount has been recorded for this matter in the Company's consolidated financial statements as of December 31, 2015, and the Company will continue to vigorously defend against these claims. The Company’s maximum exposure under other arrangements is unknown as no additional claims have been made. The Company believes the risk of loss in connection with such arrangements is remote.

In connection with the formation of MT6015, a consolidated VIE (Note 2), the joint venture partner is obligated to fund an additional equity contribution of $11,925 and secure a charter for the vessel, at which time the Company would be obligated to contribute additional equity of $11,925.

Two of the Company’s subsidiaries are lessees under various operating and capital leases. Total rent expense for operating leases was $3,717, $1,556, and $0 in years ended December 31, 2015, December 31, 2014, and December 31, 2013, respectively.

As of December 31, 2015, minimum future rental payments under these leases are as follows:



	December 31, 2015
2016	$	6,724
2017	5,853
2018	5,259
2019	4,853
2020	4,176
Thereafter	76,967
	$	103,832

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table unaudited summary information of the Company's quarterly operations.



	Quarter Ended								Year Ended December 31
	March 31		June 30		September 30		December 31		Year Ended December 31
2015
Total revenues	33,973		33,564		35,233		33,798		136,568
Total expenses	33,226		40,194		43,475		44,786		161,681
Total other income (expense)	1,425		1,626		(7,664	)	1,681		(2,932	)
(Loss) Income before income taxes	2,172		(5,004	)	(15,906	)	(9,307	)	(28,045	)
Provision for income taxes	230		266		150		(60	)	586
Net (loss) income	1,942		(5,270	)	(16,056	)	(9,247	)	(28,631	)
Net loss attributable to non-controlling interests in consolidated subsidiaries	(3,506	)	(4,433	)	(4,318	)	(4,548	)	(16,805	)
Net (loss) income attributable to shareholders	5,448		(837	)	(11,738	)	(4,699	)	(11,826	)



(Loss) Earnings per Share:
Basic	0.10	(0.01	)	(0.16	)	(0.06	)	(0.18	)
Diluted	0.10	(0.01	)	(0.16	)	(0.06	)	(0.18	)
Weighted Average Shares Outstanding:
Basic	53,502,873	62,879,023		75,718,183		75,718,183		67,039,439
Diluted	53,502,873	62,879,023		75,718,183		75,718,183		67,039,439



	Quarter Ended							Year Ended December 31
	March 31	June 30		September 30		December 31		Year Ended December 31
2014
Total revenues	7,696	10,735		16,080		23,419		57,930
Total expenses	7,496	15,302		17,733		27,482		68,013
Total other income	1,561	3,779		3,755		4,780		13,875
(Loss) Income before income taxes	1,761	(788	)	2,102		717		3,792
Provision for income taxes	159	399		156		160		874
Net (loss) income	1,602	(1,187	)	1,946		557		2,918
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	176	165		(2,085	)	(3,118	)	(4,862	)
Net (loss) income attributable to shareholders	1,426	(1,352	)	4,031		3,675		7,780

(Loss) Earnings per Share:
Basic	0.03	(0.03	)	0.08		0.07		0.15
Diluted	0.03	(0.03	)	0.08		0.07		0.15
Weighted Average Shares Outstanding:
Basic	53,502,873	53,502,873		53,502,873		53,502,873		53,502,873
Diluted	53,502,873	53,502,873		53,502,873		53,502,873		53,502,873

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On February 16, 2016, the Company terminated its lease arrangement related to its ROV Support Vessel and is currently pursuing a new lessee. On March 1, 2016, the Company’s Board of Directors declared a cash dividend on its common stock of $0.33 per share for the quarter ended December 31, 2015, payable on March 28, 2016 to the holders of record on March 18, 2016. On March 7, 2016, the Port of Beaumont Navigation District of Jefferson County, Texas (the “District”) issued $144.2 million of Dock and Wharf Facility Revenue Bonds, Series 2016 (Jefferson Energy Companies Project) (the “Series 2016 Bonds”). Proceeds from the issuance of the Series 2016 Bonds were used, in part, to reimburse Jefferson Railport Terminal II, LLC (“Jefferson Railport II”) for certain costs related to the development, construction and acquisition of certain facilities for the transport, loading, unloading, and storage of petroleum products (the “Facilities”) on behalf of the District. On March 8, 2016, in connection with the issuance and sale of such bonds, Jefferson Gulf Coast Energy Holdings, LLC and its subsidiaries prepaid all amounts outstanding under the Jefferson Terminal Credit Agreement and the Jefferson Terminal Credit Agreement was terminated. Construction of the Facilities has occurred, and will occur, on property leased by the District to Jefferson Railport II pursuant to a First Amended and Restated Ground Lease between Jefferson Railport II, as lessee, and the District, as lessor. All such Facilities will be leased by the District to Jefferson Railport II pursuant to a Lease and Development Agreement between the District and Jefferson Railport II. The Series 2016 Bonds are subject to mandatory tender for purchase at par on February 13, 2020 if they have not been repurchased from proceeds of a remarketing of the Series 2016 Bonds or redeemed prior to such date. In the event all of the Series 2016 Bonds are not repurchased from proceeds of a remarketing or redeemed at February 13, 2020, Jefferson Railport and Jefferson Railport Terminal II Holdings LLC (“Jefferson Holdings”), a Delaware limited liability company and parent of Jefferson Railport II, have agreed to purchase the Series 2016 Bonds from the Holders thereof at par pursuant to a Standby Bond Purchase Agreement. In addition, pursuant to the Standby Purchase Agreement, Jefferson Holdings will guarantee the payment of all Rent (as defined in the Facilities Lease) and all principal of and premium and interest on the Series 2016 Bonds payable prior to repurchase or redemption at February 13, 2020. Under a Capital Call Agreement, the Company has agreed to make funds available to Jefferson Holdings in order to satisfy its obligation sunder the Standby Bond Purchase Agreement. The Capital Call Agreement contains certain covenants applicable to the Company, including a negative lien covenant regarding Aviation Assets, as well as maintenance of a minimum total asset value of Aviation Assets and minimum total equity of the Company. On March 9, 2016, the Company consummated the sale of approximately 39,000 shipping containers that were subject to a direct finance lease with a major Asian shipping line. After the payoff of debt securing the containers, the Company received net proceeds of approximately $25 million.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Basis of Accounting

The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its subsidiaries. The Company consolidates all entities in which it has a controlling financial interest and in which it has control over significant operating decisions, as well as variable interest entities (“VIE’s”) in which the Company is the primary beneficiary. All significant intercompany transactions and balances have been eliminated. The ownership interest of other investors in consolidated subsidiaries is recorded as non-controlling interest.

Variable Interest Entities

The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Risks and Uncertainties

In the normal course of business, the Company encounters several significant types of economic risk including credit, market, and capital market risks. Credit risk is the risk of the inability or unwillingness of a lessee, customer, or derivative counterparty to make contractually required payments or to fulfill its other contractual obligations. Market risk reflects the risk of a downturn or volatility in the underlying industry segments in which the Company operates which could adversely impact the pricing of the services offered by the Company or a lessee’s or customer’s ability to make payments, increase the risk of unscheduled lease terminations and depress lease rates and the value of the Company’s leasing equipment or operating assets. Capital market risk is the risk that the Company is unable to obtain capital at reasonable rates to fund the growth of its business or to refinance existing debt facilities. The Company, through its subsidiaries, also conducts operations outside of the United States; such international operations are subject to the same risks as those associated with its United States operations as well as additional risks, including unexpected changes in regulatory requirements, heightened risk of political and economic instability, potentially adverse tax consequences and the burden of complying with foreign laws. The Company does not have significant exposure to foreign currency risk as all of its leasing arrangements, terminal services revenue and the majority of freight rail revenue are denominated in U.S. dollars.

Cash and Cash Equivalents

The Company considers all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents.

Restricted Cash

Restricted cash of $21,610 and $21,084 at December 31, 2015 and December 31, 2014, respectively, consists of cash held in segregated accounts pursuant to the requirements of the Company’s debt agreements

Property, Plant and Equipment, Leasing Equipment and Depreciation

Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over estimated useful lives, to estimated residual values which are summarized as follows:



	Range of Estimated Useful Lives	Residual Value Estimates
Passenger aircraft	25 years from date of manufacture	Not to exceed 15% of manufacturer’s list price when new
Aircraft engines	2 - 6 years, based on maintenance adjusted service life	Sum of engine core salvage value plus the estimated fair value of life limited parts
Offshore energy vessels	25 years from date of manufacture	20% of new build cost
Railcars and locomotives	40 - 50 years from date of manufacture	Scrap value at end of useful life
Track and track related assets	15 - 50 years from date of manufacture	Scrap value at end of useful life
Buildings and site improvements	20 - 30 years	Scrap value at end of useful life
Railroad equipment	3 - 15 years from date of manufacture	Scrap value at end of useful life
Crude oil terminal machinery and equipment	15 - 25 years from date of manufacture	Scrap value at end of useful life
Vehicles	5 - 7 years from date of manufacture	Scrap value at end of useful life
Furniture and fixtures	3 - 6 years from date of purchase	None
Computer hardware and software	3 - 5 years from date of purchase	None

Capitalized Interest

The interest cost associated with major development and construction projects is capitalized and included in the cost of the project. Interest capitalization ceases once a project is substantially complete or no longer undergoing construction activities to prepare it for its intended use.

Repairs and Maintenance

Repair and maintenance costs that do not extend the lives of the assets are expensed as incurred.

Impairment of Long-Lived Assets

The Company performs a recoverability assessment of each of its long-lived assets whenever events or changes in circumstances, or indicators, indicate that the carrying amount or net book value of an asset may not be recoverable. Indicators may include, but are not limited to, a significant lease restructuring or early lease termination; significant traffic decline; or the introduction of newer technology aircraft, vessels, engines or railcars. When performing a recoverability assessment, the Company measures whether the estimated future undiscounted net cash flows expected to be generated by the asset exceeds its net book value. The undiscounted cash flows consist of cash flows from currently contracted leases and terminal services contracts, future projected leases, terminal service and freight rail rates, transition costs, estimated down time and estimated residual or scrap values. In the event that an asset does not meet the recoverability test, the carrying value of the asset will be adjusted to fair value resulting in an impairment charge.

Security Deposits

The Company’s operating leases generally require the lessee to pay a security deposit or provide a letter of credit. Security deposits are held until specified return dates stipulated in the lease or lease expiration.

Maintenance Payments

Typically, under an operating lease of aviation equipment, the lessee is responsible for performing all maintenance and is generally required to make maintenance payments to the Company for heavy maintenance, overhaul or replacement of certain high-value components of the aircraft or engine. These maintenance payments are based on hours or cycles of utilization or on calendar time, depending on the component, and are generally required to be made monthly in arrears. If a lessee is making monthly maintenance payments, the Company would typically be obligated to reimburse the lessee for costs they incur for heavy maintenance, overhaul or replacement of certain high-value components to the extent of maintenance payments received in respect of the specific maintenance event, usually shortly following the completion of the relevant work.

Lease Incentives and Amortization

Lease incentives, which include lease acquisition costs related to reconfiguration of the aircraft cabin, other lessee specific modifications and other direct costs, are capitalized and amortized as a reduction of lease income over the primary term of the lease, assuming no lease renewals.

Goodwill

Goodwill includes the excess of the purchase price over the fair value of the net tangible and intangible assets associated with the acquisitions of CMQR and Jefferson Terminal (Note 3). The carrying amount of goodwill is approximately $116,584 as of December 31, 2015 and December 31, 2014.

Intangibles and amortization - below market leases

Intangibles include the value of acquired favorable and unfavorable leases and existing customer relationships acquired in connection with the acquisitions of CMQR and Jefferson Terminal (Note 3).

Intangibles and amortization

Intangibles include the value of acquired favorable and unfavorable leases and existing customer relationships acquired in connection with the acquisitions of CMQR and Jefferson Terminal (Note 3).

Deferred Financing Costs

Costs incurred in connection with obtaining long term financing are capitalized and amortized to interest expense over the term of the underlying loans.

Revenue Recognition, Equipment Leasing Revenues

Revenue Recognition, Infrastructure Revenues

Concentration of Credit Risk

The Company is subject to concentrations of credit risk with respect to amounts due from customers on its finance leases and operating leases. The Company attempts to limit its credit risk by performing ongoing credit evaluations. During the year ended December 31, 2015, the Company earned approximately 21.0% of its revenue from one customer in the offshore energy segment and one customer in the Jefferson Terminal segment. During the year ended December 31, 2014, the Company earned approximately 39.0% of its revenue from three customers in the following segments: one in aviation leasing, one in shipping containers, and one in offshore energy. During the year ended December 31, 2013 , the Company earned approximately 70% of its revenue from three customers in the following segments: one in aviation leasing, one in shipping containers, and one in offshore energy.

Provision for Doubtful Accounts

The Company determines the provision for doubtful accounts based on its assessment of the collectability of its receivables on a customer-by-customer basis.

Expense Recognition

Expenses are recognized on an accrual basis as incurred.

Acquisition and Transaction expenses

Acquisition and transaction expense is comprised of costs related to completed business combinations and terminated deal costs related to abandoned pursuits, including advisory, legal, accounting, valuation and other professional or consulting fees.

Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. The Company’s comprehensive income (loss) represents net income (loss), as presented in the accompanying Consolidated Statements of Operations, adjusted for fair value changes related to derivatives accounted for as cash flow hedges and the Company’s pro-rata share of items of comprehensive income derived from investments in unconsolidated entities.

Derivative Financial Instruments

In the normal course of business the Company may utilize interest rate derivatives to manage its exposure to interest rate risks, principally related to the hedging of variable rate interest payments on various debt facilities. If certain conditions are met, an interest rate derivative may be specifically designated as a cash flow hedge. In connection with its debt obligations (Note 9), the Company has entered into one interest rate derivative designated as a cash flow hedge and one non-hedge derivative. The Company does not enter into speculative derivative transactions. Derivative assets of $101 and $232, as of December 31, 2015 and December 31, 2014, respectively, were recorded within other assets in the Consolidated Balance Sheets. No derivative liability was recorded as of December 31, 2015 or December 31, 2014.

Foreign Currency

The Company’s functional and reporting currency is the U.S. dollar. Purchases and sales of assets and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. Net realized foreign currency gains or losses relating to the differences between these recorded amounts and the U.S. dollar equivalent actually received or paid are reported as a component of operating expenses within the Consolidated Statement of Operations.

Income Taxes

A portion of the Company’s income earned by its corporate subsidiaries is subject to U.S. federal and state income taxation, taxed at prevailing rates. The remainder of the Company’s income is allocated directly to its partners and is not subject to a corporate level of taxation. Certain subsidiaries of the Company are subject to income tax in the foreign countries in which they conduct business.

Distributions and Dividends

Prior to the IPO, distributions to members were recorded when paid or, in the case of an in-kind distribution, when distributed. The character of distributions to members made during the reporting period may differ from their ultimate characterization for federal income tax purposes due to book/tax differences in the character of income and expense recognition. Distributions and allocations were determined with respect to each member, as defined by and in accordance with the operating agreement. After the IPO, dividends are recorded when declared by the Board of Directors.

Recent and Unadopted Accounting Pronouncements

In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, ("ASU 2014-08") which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The standard states that a strategic shift could include a disposal of (i) major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity. ASU 2014-08 is effective prospectively for new disposals (or classifications as held for sale) that occur within annual periods beginning on or after December 14, 2014, and interim periods within those annual periods. The Company adopted ASU 2014-08 beginning January 1, 2015, which had no impact to the Company’s consolidated financial statements.

The FASB has recently issued or discussed a number of proposed standards on such topics as financial instruments and hedging. Some of the proposed changes are significant and could have a material impact on the Company’s financial reporting. The Company has not yet fully evaluated the potential impact of these proposals, but will make such an evaluation as the standards are finalized.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Property, Plant and Equipment



	Range of Estimated Useful Lives	Residual Value Estimates
Passenger aircraft	25 years from date of manufacture	Not to exceed 15% of manufacturer’s list price when new
Aircraft engines	2 - 6 years, based on maintenance adjusted service life	Sum of engine core salvage value plus the estimated fair value of life limited parts
Offshore energy vessels	25 years from date of manufacture	20% of new build cost
Railcars and locomotives	40 - 50 years from date of manufacture	Scrap value at end of useful life
Track and track related assets	15 - 50 years from date of manufacture	Scrap value at end of useful life
Buildings and site improvements	20 - 30 years	Scrap value at end of useful life
Railroad equipment	3 - 15 years from date of manufacture	Scrap value at end of useful life
Crude oil terminal machinery and equipment	15 - 25 years from date of manufacture	Scrap value at end of useful life
Vehicles	5 - 7 years from date of manufacture	Scrap value at end of useful life
Furniture and fixtures	3 - 6 years from date of purchase	None
Computer hardware and software	3 - 5 years from date of purchase	None

Property, plant and equipment, net is summarized as follows:



	December 31, 2015
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,478		$	14,014		$	19,492
Construction in progress	893			55,034			55,927
Buildings and improvements	557			2,193			2,750
Crude oil terminal machinery and equipment	—			210,857			210,857
Track and track related assets	17,159			—			17,159
Railroad equipment	1,050			—			1,050
Railcars and locomotives	1,720			—			1,720
Computer hardware and software	118			34			152
Furniture and fixtures	121			289			410
Vehicles	503			44			547
	27,599			282,465			310,064
Less: accumulated depreciation	(2,907		)	(10,308		)	(13,215		)
Spare parts	$	—		$	2,829		$	2,829
Property, plant and equipment, net	$	24,692		$	274,986		$	299,678



	December 31, 2014
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,484		$	9,573		$	15,057
Construction in progress	—			145,716			145,716
Buildings and improvements	436			2,139			2,575
Crude oil terminal machinery and equipment	—			50,627			50,627
Track and track related assets	12,022			—			12,022
Railroad equipment	1,268			—			1,268
Railcars and locomotives	1,293			—			1,293
Computer hardware and software	—			34			34
Furniture and fixtures	—			317			317
Vehicles	321			258			579
	20,824			208,664			229,488
Less: accumulated depreciation	(962		)	(1,145		)	(2,107		)
Property, plant and equipment, net	$	19,862		$	207,519		$	227,381

ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The fair values assigned to acquired assets and assumed liabilities of CMQR and Jefferson Terminal at their respective dates of acquisition are as follows:



	CMQR			Jefferson Terminal
Assets:
Restricted cash	—			190,811
Land and site improvements	5,484			9,573
Track	4,952			—
Buildings and improvements	136			2,139
Crude oil terminal machinery and equipment	—			47,286
Railroad Equipment	713			—
Furniture and fixtures	—			317
Computer hardware and software	—			34
Turnout and other track materials	1,415			—
Vehicles	320			258
Railcars and locomotives	1,283			—
Construction in progress	—			85,276
Prepaids and other deposits	103			6,102
Tendered bonds	—			115,000
Customer lists and customer contracts	225			35,513
Goodwill	593			115,991
Total assets	15,224			608,300

Liabilities:
Employee-related liabilities	(1,119		)	—
Environmental remediation liabilities	(1,333		)	—
Real estate taxes	(714		)	—
Accrued expenses	—			(56,540		)
Term loan	—			(93,995		)
Bonds Payable	—			(348,788		)
Note Payable	—			(21,297		)
Other liabilities	—			(1,902		)
Total liabilities	(3,166		)	(522,522		)
Net assets acquired	$	12,058		$	85,778

Business Acquisition, Pro Forma Information

The unaudited pro forma information has been derived from our historical consolidated financial statements and has been prepared to give effect to the acquisitions, assuming that the acquisitions of CMQR and Jefferson Terminal occurred on January 1, 2013. The unaudited pro forma pre-tax net income (loss) for the years ended December 31, 2014 and 2013 has been adjusted to reflect the additional depreciation and amortization that would have resulted from changes in the estimated fair value of assets and liabilities.



	Year Ended December 31, 2014			Year Ended December 31, 2013
Pro Forma—CMQR
Revenues	$	63,528		$	46,100
Pre-tax net income (loss)	1,497			(20,830		)
Pro Forma—Jefferson Terminal
Revenues	$	60,577		$	19,530
Pre-tax net loss	(46,906		)	(1,543		)

LEASING EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Summary of Leasing Equipment

Leasing equipment, net is summarized as follows:



	December 31, 2015
Equipment	Aviation Leasing			Offshore Energy			Jefferson Terminal			Total
Leasing equipment:	$	452,602		$	184,284		$	44,326		$	681,212
Less: Accumulated depreciation	(33,281		)	(9,704		)	(1,546		)	(44,531		)
Leasing equipment, net	$	419,321		$	174,580		$	42,780		$	636,681



	December 31, 2014
Equipment	Aviation Leasing			Offshore Energy			Jefferson Terminal			Total
Leasing equipment:	$	298,204		$	182,355		$	44,326		$	524,885
Less: Accumulated depreciation	(11,331		)	(3,737		)	(438		)	(15,506		)
Leasing equipment, net	$	286,873		$	178,618		$	43,888		$	509,379

FINANCE LEASES, NET (Tables)

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Schedule of Capital Leases, Lessor Balance Sheet

Finance leases, net are summarized as follows:



	December 31, 2015
	Offshore Energy			Shipping Containers			Total
Finance leases	$	20,037		$	82,332		$	102,369
Unearned revenue	(9,915		)	(9,933		)	(19,848		)
Finance leases, net	$	10,122		$	72,399		$	82,521



	December 31, 2014
	Offshore Energy			Shipping Containers			Total
Finance leases	$	22,045		$	109,492		$	131,537
Unearned revenue	(11,580		)	(17,144		)	(28,724		)
Finance leases, net	$	10,465		$	92,348		$	102,813

Schedule of Future Minimum Lease Payments for Capital Leases

At December 31, 2015, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows:



	Offshore Energy		Shipping Containers		Total
2016	$	2,013	$	25,680	$	27,693
2017	2,008		51,308		53,316
2018	2,008		5,344		7,352
2019	2,008		—		2,008
2020	2,013		—		2,013
Thereafter	9,987		—		9,987
Total	$	20,037	$	82,332	$	102,369

As of December 31, 2015, minimum future rental payments under these leases are as follows:



	December 31, 2015
2016	$	6,724
2017	5,853
2018	5,259
2019	4,853
2020	4,176
Thereafter	76,967
	$	103,832

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment



	Range of Estimated Useful Lives	Residual Value Estimates
Passenger aircraft	25 years from date of manufacture	Not to exceed 15% of manufacturer’s list price when new
Aircraft engines	2 - 6 years, based on maintenance adjusted service life	Sum of engine core salvage value plus the estimated fair value of life limited parts
Offshore energy vessels	25 years from date of manufacture	20% of new build cost
Railcars and locomotives	40 - 50 years from date of manufacture	Scrap value at end of useful life
Track and track related assets	15 - 50 years from date of manufacture	Scrap value at end of useful life
Buildings and site improvements	20 - 30 years	Scrap value at end of useful life
Railroad equipment	3 - 15 years from date of manufacture	Scrap value at end of useful life
Crude oil terminal machinery and equipment	15 - 25 years from date of manufacture	Scrap value at end of useful life
Vehicles	5 - 7 years from date of manufacture	Scrap value at end of useful life
Furniture and fixtures	3 - 6 years from date of purchase	None
Computer hardware and software	3 - 5 years from date of purchase	None

Property, plant and equipment, net is summarized as follows:



	December 31, 2015
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,478		$	14,014		$	19,492
Construction in progress	893			55,034			55,927
Buildings and improvements	557			2,193			2,750
Crude oil terminal machinery and equipment	—			210,857			210,857
Track and track related assets	17,159			—			17,159
Railroad equipment	1,050			—			1,050
Railcars and locomotives	1,720			—			1,720
Computer hardware and software	118			34			152
Furniture and fixtures	121			289			410
Vehicles	503			44			547
	27,599			282,465			310,064
Less: accumulated depreciation	(2,907		)	(10,308		)	(13,215		)
Spare parts	$	—		$	2,829		$	2,829
Property, plant and equipment, net	$	24,692		$	274,986		$	299,678



	December 31, 2014
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,484		$	9,573		$	15,057
Construction in progress	—			145,716			145,716
Buildings and improvements	436			2,139			2,575
Crude oil terminal machinery and equipment	—			50,627			50,627
Track and track related assets	12,022			—			12,022
Railroad equipment	1,268			—			1,268
Railcars and locomotives	1,293			—			1,293
Computer hardware and software	—			34			34
Furniture and fixtures	—			317			317
Vehicles	321			258			579
	20,824			208,664			229,488
Less: accumulated depreciation	(962		)	(1,145		)	(2,107		)
Property, plant and equipment, net	$	19,862		$	207,519		$	227,381

INVESTMENT IN UNCONSOLIDATED ENTITY (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

The following table presents the ownership interest and carrying values of the Company’s investment in unconsolidated entity:



			Carrying Value
	Date Acquired	Ownership Percentage	December 31, 2015		December 31, 2014		December 31, 2013
PJW 3000 LLC	April 2012	16.67%	$	—	$	—	—
Intermodal Finance I, Ltd.	September 2012	51%	$	10,675	$	21,569	$	32,744

Summary financial information for these unconsolidated entities is as follows:



	Year Ended December 31,
	2015			2014			2013
Revenue
Total revenues	$	16,022		$	20,331		$	56,480

Expenses
Operating expenses	992			1,527			6,055
General and administrative	810			807			1,157
Depreciation and amortization	3,659			2,416			8,157
Interest expense	3,488			5,022			11,075
Impairment expense	20,604			—			—
Total expenses	29,553			9,772			26,444

Gain on early termination of finance lease	—			917			1,052
Other income	247			45			30
Loss on debt extinguishment	—			(119		)	—
(Loss) gain on disposal of equipment	(766		)	—			15
Total other income (expense)	(519		)	843			1,097
Net income (loss)	(14,050		)	11,402			31,133
Other comprehensive income	—			—			431
Comprehensive income (loss)	$	(14,050	)	$	11,402		$	31,564

Company's equity in (loss) earnings, net of amortization of $95 in the year ended December 31, 2013	$	(6,956	)	$	6,093		$	10,325



	December 31,
	2015		2014
Assets
Cash and cash equivalents	$	4,796	$	5,214
Restricted cash	2,117		2,320
Accounts receivable	1,153		1,051
Leasing assets, net of accumulated depreciation of $7,305 and $4,449, respectively	47,735		74,045
Finance leases, net	34,261		62,393
Deferred costs, net of accumulated amortization of $864 and $602, respectively	1,060		1,524
Other assets	31		8
Total assets	$	91,153	$	146,555

Liabilities
Accounts payable and accrued liabilities	154		157
Syndication liabilities	3,201		5,152
Debt	84,051		120,303
Other liabilities	458		383
Total liabilities	87,864		125,995

Members’ Equity
Members’ equity	3,289		20,560
Total members’ equity	3,289		20,560
Total liabilities and members’ equity	$	91,153	$	146,555

Company’s investment in and advances to unconsolidated entity	$	10,675	$	21,569

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)

12 Months Ended

Dec. 31, 2015

Intangible Assets and Liabilities Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets and Liabilities

The Company’s intangible assets and liabilities, net are summarized as follows:



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(9,697		)	—			—			(9,697		)
Total acquired favorable lease intangibles, net	13,184			—			—			13,184

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
Total acquired customer relationships, net	—			30,795			150			30,945

Total intangible assets, net	$	13,184		$	30,795		$	150		$	44,129

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(151		)	—			—			(151		)
Total acquired unfavorable lease intangibles, net	$	1,020		$	—		$	—		$	1,020



	December 31, 2014
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	20,435		$	—		$	—		$	20,435
Accumulated amortization	(2,796		)	—			—			(2,796		)
Total acquired favorable lease intangibles, net	17,639			—			—			17,639

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(1,180		)	(28		)	(1,208		)
Total acquired customer relationships, net	—			34,333			197			34,530

Total intangible assets, net	$	17,639		$	34,333		$	197		$	52,169

Intangible liabilities:
Acquired unfavorable lease intangibles	$	261		$	—		$	—		$	261
Accumulated amortization	(24		)	—			—			(24		)
Total acquired unfavorable lease intangibles, net	$	237		$	—		$	—		$	237

Schedule of Below Market Leases

The Company’s intangible assets and liabilities, net are summarized as follows:



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(9,697		)	—			—			(9,697		)
Total acquired favorable lease intangibles, net	13,184			—			—			13,184

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
Total acquired customer relationships, net	—			30,795			150			30,945

Total intangible assets, net	$	13,184		$	30,795		$	150		$	44,129

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(151		)	—			—			(151		)
Total acquired unfavorable lease intangibles, net	$	1,020		$	—		$	—		$	1,020



	December 31, 2014
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	20,435		$	—		$	—		$	20,435
Accumulated amortization	(2,796		)	—			—			(2,796		)
Total acquired favorable lease intangibles, net	17,639			—			—			17,639

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(1,180		)	(28		)	(1,208		)
Total acquired customer relationships, net	—			34,333			197			34,530

Total intangible assets, net	$	17,639		$	34,333		$	197		$	52,169

Intangible liabilities:
Acquired unfavorable lease intangibles	$	261		$	—		$	—		$	261
Accumulated amortization	(24		)	—			—			(24		)
Total acquired unfavorable lease intangibles, net	$	237		$	—		$	—		$	237

Schedule of Intangible Liabilities



	Year Ended December 31,						Classification in Consolidated Statements of Operations
	2015		2014		2013
Lease intangibles	$	6,774	$	2,694	$	—	Equipment leasing revenues
Customer relationships	3,585		1,208		—		Depreciation and amortization
Total	$	10,359	$	3,902	$	—

Schedule of Net Annual Amortization of Intangibles

As of December 31, 2015, estimated net annual amortization of intangibles is as follows:



	Year Ending December 31,
2016	$	9,273
2017	6,757
2018	5,941
2019	4,530
2020	3,580
Thereafter	13,028
Total	$	43,109

DEBT (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company's debt is summarized as follows:



	December 31, 2015		December 31, 2014
Loans payable
Container Loan #1	$	34,761	$	42,040
Container Loan #2	11,338		19,115
FTAI Pride Credit Agreement	67,188		73,438
CMQR Credit Agreement	9,407		9,416
Jefferson Terminal Credit Agreement	98,750		99,750
Total loans payable	221,444		243,759
Bonds payable
Series 2010 Bonds	—		298,000
Series 2012 Bonds (including unamortized premium of $1,751 and $1,791 at December 31, 2015 and December 31, 2014, respectively)	47,261		48,521
Total bonds payable	47,261		346,521
Note payable to non-controlling interest
Note payable to non-controlling interest	2,352		2,587
Total note payable to non-controlling interest	2,352		2,587

Total debt	$	271,057	$	592,867

Total debt due within one year	$	24,791	$	23,915

Schedule of Principal Repayments

At December 31, 2015, scheduled principal repayments under the Company’s debt agreements for the next five years and thereafter are summarized as follows:



	2016		2017		2018		2019		2020		Thereafter		Total
Bonds payable (excluding unamortized premium of $1,751)	$	1,320	$	1,425	$	1,545	$	1,670	$	1,810	$	37,740	$	45,510
Loans payable	22,900		48,591		101,515		48,438		—		—		221,444
Note payable to non-controlling interest	571		403		403		403		572		—		2,352
Total	$	24,791	$	50,419	$	103,463	$	50,511	$	2,382	$	37,740	$	269,306

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis



	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2015		December 31, 2015
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets:
Cash and cash equivalents	$	381,703	$	381,703	$	—	$	—	Market
Restricted cash	21,610		21,610		—		—		Market
Derivative assets	101		—		101		—		Income
Total assets at fair value	$	403,414	$	403,313	$	101	$	—

	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2014		December 31, 2014
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets:
Cash and cash equivalents	$	22,125	$	22,125	$	—	$	—	Market
Restricted cash	21,084		21,084		—		—		Market
Derivative assets	232		—		232		—		Income
Total assets at fair value	$	43,441	$	43,209	$	232	$	—

REVENUES (Tables)

12 Months Ended

Dec. 31, 2015

Revenue Disclosure [Abstract]

Reconciliation of Revenue from Segments to Consolidated

Components of revenue are as follows:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	42,924	$	21,959	$	—	$	—	$	—	$	64,883
Maintenance revenue	17,286		—		—		—		—		17,286
Finance lease income	—		1,665		7,082		—		—		8,747
Other revenue	1,120		607		100		—		—		1,827
Total equipment leasing revenues	$	61,330	$	24,231	$	7,182	$	—	$	—	$	92,743
Infrastructure revenues
Lease income	—		—		—		4,620		—		4,620
Rail revenues	—		—		—		—		25,550		25,550
Terminal services revenues	—		—		—		13,655		—		13,655
Total infrastructure revenues	—		—		—		$	18,275	$	25,550	$	43,825
Total revenues	$	61,330	$	24,231	$	7,182	$	18,275	$	25,550	$	136,568



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	14,991	$	12,690	$	—	$	—	$	—	$	27,681
Maintenance revenue	5,964		—		—		—		—		5,964
Finance lease income	—		1,716		8,297		—		—		10,013
Other revenue	3		224		99		—		—		326
Total equipment leasing revenues	$	20,958	$	14,630	$	8,396	$	—	$	—	$	43,984
Infrastructure revenues
Lease income	—		—		—		1,325		—		1,325
Rail revenues	—		—		—		—		9,969		9,969
Terminal services revenues	—		—		—		2,652		—		2,652
Total infrastructure revenues	—		—		—		$	3,977	$	9,969	$	13,946
Total revenues	$	20,958	$	14,630	$	8,396	$	3,977	$	9,969	$	57,930



	Year Ended December 31, 2013
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	4,282	$	5,002	$	—	$	—	$	—	$	9,284
Maintenance revenue	2,242		—		—		—		—		2,242
Finance lease income	—		262		7,519		—		—		7,781
Other revenue	121				102		—		—		223
Total equipment leasing revenues	6,645		5,264		7,621		—		—		19,530
Total revenues	$	6,645	$	5,264	$	7,621	$	—	$	—	$	19,530

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum future annual revenues contracted to be received under existing operating leases of equipment at December 31, 2015 are as follows:



	Year ending December 31,
2016	$	59,111
2017	44,623
2018	32,054
2019	16,877
2020	7,206
Thereafter	1,452
	$	161,323

As of December 31, 2015, minimum future rental payments under these leases are as follows:



	December 31, 2015
2016	$	6,724
2017	5,853
2018	5,259
2019	4,853
2020	4,176
Thereafter	76,967
	$	103,832

EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each stock option was estimated on the date of grant using a Black-Scholes option valuation model using the following assumptions:



		Year Ended December 31, 2015
Expected volatility	Due to the lack of historical data for the Company’s own stock, the Company has based its expected volatility on a representative peer group with similar business characteristics.	28%
Risk free interest rate	The risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant.	2.4%
Expected dividend yield	The expected dividend yield is based on management’s current expected dividend rate.	6.50%
Expected term	Expected term used represents the period of time the options granted are expected to be outstanding.	5 years

Schedule of Share-based Compensation, Stock Options, Activity



		Options	Weighted-Average Exercise Price (per share)		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Stock options outstanding at January 1, 2015		—
	Granted	15,000	$	16.98
	Exercised	—
	Forfeited and cancelled	—
Stock options outstanding and exercisable as of December 31, 2015		15,000	16.98		9.42	$	—

Schedule of Stock-based Compensation Arrangements

The Company’s Statements of Operations includes the following expense related to its stock-based compensation arrangements:



	Year Ended December 31, 2015		Remaining Expense To Be Recognized, If All Vesting Conditions Are Met
Stock Options	$	24	$	—
Restricted Shares	3,432		20,110
Common Units	1,206		354
Total	$	4,662	$	20,464

INCOME TAXES INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The current and deferred components of the income tax expense included in the Consolidated Statements of Operations are as follows:



	Year Ended December 31,
	2015			2014		2013
Current:
Federal	$	86		$	700	$	—
State and local	45			15		—
Foreign	222			—		—
Total current provision	353			715		—

Deferred:
Federal	(79		)	158		—
State and local	—			1		—
Foreign	312			—		—
Total deferred provision (benefit)	233			159		—

Total provision for income taxes	$	586		$	874	$	—

Schedule of Effective Income Tax Rate Reconciliation

The difference between the Company's reported provision for income taxes and the U.S. federal statutory rate of 35% is as follows:



	December 31,
	2015		2014		2013
U.S. federal tax at statutory rate	35.0	%	35.0	%	35.0	%
Income not subject to tax	25.2	%	(241.2	)%	(35.0	)%
State and local taxes	(0.2	)%	0.4	%
Foreign taxes	(1.9	)%	—	%
Other	(0.2	)%	—	%
Change in valuation allowance	(60.0	)%	228.8	%
Provision for income taxes	(2.1	)%	23.0	%	—	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:



	December 31,
	2015			2014
Deferred tax assets:
Net operating loss carryforwards	$	24,234		$	6,144
Accrued expenses	1,767			1,934
Interest expense	4,038			1,033
Other	2,712			451
Total deferred tax assets	32,751			9,562
Less valuation allowance	(24,786		)	(8,675		)
Net deferred tax assets	7,965			887
Deferred tax liabilities:
Fixed assets	$	8,357		$	1,046
Net deferred tax liabilities	$	(392	)	$	(159	)

Summary of Valuation Allowance

A summary of the changes in the valuation allowance follows:



	December 31,
	2015		2014
Valuation allowance at beginning of period	$	8,675	$	—
Increase to valuation allowance attributable to:
Current year loss	16,111		8,675
Valuation allowance at end of period	$	24,786	$	8,675

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables set forth certain information for each reportable segment of the Company:

I. For the Year Ended December 31, 2015



	Year Ended December 31, 2015
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing	$	61,330	$	24,231	$	7,182		$	—		$	—		$	—		$	92,743
Infrastructure	—		—		—			18,275			25,550			—			43,825
Total revenues	61,330		24,231		7,182			18,275			25,550			—			136,568

Expenses
Operating expenses	2,820		4,650		350			33,154			27,819			—			68,793
General and administrative	—		—		—			—			—			7,568			7,568
Acquisition and transaction expense	—		—		—			—			—			5,683			5,683
Management fees and incentive allocation to affiliate	—		—		—			—			—			15,018			15,018
Depreciation and amortization	23,549		5,967		—			13,897			1,895			—			45,308
Interest expense	—		3,794		2,393			12,546			578			—			19,311
Total expenses	26,369		14,411		2,743			59,597			30,292			28,269			161,681

Other income (expense)
Equity in losses of unconsolidated entities	—		—		(6,956		)	—			—			—			(6,956		)
Gain (loss) on sale of equipment	3,053		—		—			(199		)	565			—			3,419
Interest income	11		483		—			85			—			—			579
Other income (expense)	—		—		(14		)	40			—			—			26
Total other income (expense)	3,064		483		(6,970		)	(74		)	565			—			(2,932		)
Income (loss) before income taxes	38,025		10,303		(2,531		)	(41,396		)	(4,177		)	(28,269		)	(28,045		)
Provision (benefit) for income taxes	668		—		(127		)	41			—			4			586
Net income (loss)	37,357		10,303		(2,404		)	(41,437		)	(4,177		)	(28,273		)	(28,631		)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	21		676		—			(17,376		)	(121		)	(5		)	(16,805		)
Net income (loss) attributable to shareholders	$	37,336	$	9,627	$	(2,404	)	$	(24,061	)	$	(4,056	)	$	(28,268	)	$	(11,826	)

II. For the Year Ended December 31, 2014



	Year Ended December 31, 2014
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing	$	20,958	$	14,630	$	8,396		$	—		$	—					$	43,984
Infrastructure	—		—		—			3,977			9,969						13,946
Total revenues	20,958		14,630		8,396			3,977			9,969			—			57,930

Expenses
Operating expenses	1,713		1,054		257			9,095			15,104			—			27,223
General and administrative	—		—		—			—			—			2,007			2,007
Acquisition and transaction expense	—		—		—			5,494			5,646			310			11,450
Management fees and incentive allocation to affiliate	—		—		—			—			—			5,463			5,463
Depreciation and amortization	9,445		2,801		—			2,763			989			—			15,998
Interest expense	—		1,248		2,840			1,552			187			45			5,872
Total expenses	11,158		5,103		3,097			18,904			21,926			7,825			68,013

Other income (expense)
Equity in earnings of unconsolidated entities	—		—		6,093			—			—			—			6,093
Gain on sale of equipment	7,576		—		—			—			—			—			7,576
Interest income	26		160		—			—			—			—			186
Other income (expense)	—		—		(26		)	46			—			—			20
Total other income	7,602		160		6,067			46			—			—			13,875
Income (loss) before income taxes	17,402		9,687		11,366			(14,881		)	(11,957		)	(7,825		)	3,792
Provision for income taxes	490		—		100			284			—			—			874
Net income (loss)	16,912		9,687		11,266			(15,165		)	(11,957		)	(7,825		)	2,918
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	—		704		—			(5,566		)	—			—			(4,862		)
Net income (loss) attributable to shareholders	$	16,912	$	8,983	$	11,266		$	(9,599	)	$	(11,957	)	$	(7,825	)	$	7,780

III. For the Year Ended December 31, 2013



	Year Ended December 31, 2013
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate			Total
Revenues
Equipment leasing	$	6,645	$	5,264	$	7,621	$	—	$	—	$	—		$	19,530
Infrastructure	—		—		—		—		—		—			—
Total revenues	6,645		5,264		7,621		—		—		—			19,530

Expenses
Operating expenses	2,191		450		516		—		—		—			3,157
General and administrative	—		—		—		—		—		805			805
Acquisition and transaction expense	—		—		—		—		—		260			260
Management fees and incentive allocation to affiliate	—		—		—		—		—		2,211			2,211
Depreciation and amortization	2,972		937		—		—		—		—			3,909
Interest expense	—		104		2,699		—		—		13			2,816
Total expenses	5,163		1,491		3,215		—		—		3,289			13,158

Other income
Equity in earnings of unconsolidated entities	—		2,700		7,625		—		—		—			10,325
Gain on sale of equipment	2,415		—		—		—		—		—			2,415
Gain on sale of unconsolidated entity	—		6,144		—		—		—		—			6,144
Interest income	23		—		—		—		—		—			23
Total other income	2,438		8,844		7,625		—		—		—			18,907
Income (loss) before income taxes	3,920		12,617		12,031		—		—		(3,289		)	25,279
Provision for income taxes	—		—		—		—		—		—			—
Net income (loss)	3,920		12,617		12,031		—		—		(3,289		)	25,279
Less: Net income attributable to non-controlling interests in consolidated subsidiaries	—		458		—		—		—		—			458
Net income (loss) attributable to shareholders	$	3,920	$	12,159	$	12,031	$	—	$	—	$	(3,289	)	$	24,821

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table sets forth a reconciliation of Adjusted Net Income to Net Income (Loss) attributable to shareholders:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	37,777	$	9,627	$	7,991	$	(22,153	)	$	(2,898	)	$	(22,557	)	$	7,787
Add: Non-controlling share of adjustments to Adjusted Net Income																1,333
Add: Equity in (losses) earnings of unconsolidated entities																(6,956		)
Add: Cash payments for income taxes																507
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(3,552		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(14		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(5,683		)
Less: Equity-based compensation expense																(4,662		)
Less: Provision for income taxes																(586		)
Net Loss attributable to shareholders																$	(11,826	)

The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders:



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	17,136	$	8,976	$	11,453	$	(3,209	)	$	(6,183	)	$	(7,516	)	$	20,657
Add: Non-controlling share of adjustments to Adjusted Net Income																525
Add: Equity in earnings of unconsolidated entities																6,093
Add: Cash payments for income taxes																274
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(6,155		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(25		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(11,450		)
Less: Equity-based compensation expense																(1,265		)
Less: Provision for income taxes																(874		)
Net Income attributable to shareholders																$	7,780

The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders:



	Year Ended December 31, 2013
	Equipment Leasing
	Aviation Leasing		Offshore Energy		Shipping Containers		Corporate			Total
Adjusted Net Income (Loss)	$	3,920	$	12,159	$	12,031	$	(3,029	)	$	25,081
Add: Non-controlling share of adjustments to Adjusted Net Income										—
Add: Equity in earnings of unconsolidated entities										10,325
Add: Cash payments for income taxes										—
Less: Incentive allocations										—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities										(10,325		)
Less: Asset impairment charges										—
Less: Changes in fair value of non-hedge derivative instruments										—
Less: Losses on the modification or extinguishment of debt and capital lease obligations										—
Less: Acquisition and transaction expenses										(260		)
Less: Equity-based compensation expense										—
Less: Provision for income taxes										—
Net Income attributable to shareholders										$	24,821

Revenue from External Customers by Geographic Areas

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	10,969	$	—	$	—	$	—	$	—	$	—	$	10,969
Asia	27,168		7,483		5,309		—		—		—		39,960
Europe	20,008		15,071		—		—		—		—		35,079
North America	2,304		1,677		1,873		18,275		25,550		—		49,679
South America	881		—		—		—		—		—		881
Total revenues	$	61,330	$	24,231	$	7,182	$	18,275	$	25,550	$	—	$	136,568

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Year Ended December 31, 2013
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	654	$	—	$	—	$	—	$	—	$	—	$	654
Asia	1,714		5,002		6,665		—		—		—		13,381
Europe	3,319		—		—		—		—		—		3,319
North America	958		262		956		—		—		—		2,176
Total revenues	$	6,645	$	5,264	$	7,621	$	—	$	—	$	—	$	19,530

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	7,818	$	—	$	—	$	—	$	—	$	—	$	7,818
Asia	3,246		7,483		6,024		—		—		—		16,753
Europe	8,240		5,432		—		—		—		—		13,672
North America	1,561		1,715		2,372		3,977		9,969		—		19,594
South America	93		—		—		—		—		—		93
Total revenues	$	20,958	$	14,630	$	8,396	$	3,977	$	9,969	$	—	$	57,930

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated



	December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	443,532	$	214,811	$	86,237	$	486,522	$	34,411	$	384,128	$	1,649,641

Debt	—		69,540		46,099		146,011		9,407		—		271,057

Total liabilities	50,873		75,093		46,223		162,746		19,938		4,082		358,955

Non-controlling interests in equity of consolidated subsidiaries	899		7,692		—		113,514		1,714		584		124,403

Total equity	392,659		139,718		40,014		323,776		14,473		380,046		1,290,686

Total liabilities and equity	$	443,532	$	214,811	$	86,237	$	486,522	$	34,411	$	384,128	$	1,649,641



	December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	308,957	$	212,699	$	117,298	$	721,266	$	30,605	$	13,915	$	1,404,740

Debt	—		76,024		61,154		446,272		9,417		—		592,867

Total liabilities	50,282		81,903		61,434		470,710		19,499		7,415		691,243

Non-controlling interests in equity of consolidated subsidiaries	—		7,319		—		91,118		628		—		99,065

Total equity	258,675		130,796		55,864		250,556		11,106		6,500		713,497

Total liabilities and equity	$	308,957	$	212,699	$	117,298	$	721,266	$	30,605	$	13,915	$	1,404,740



	December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	47,945	$	—	$	—	$	—	$	—	$	—	$	47,945
Asia	119,232		40,637		—		—		—		—		159,869
Europe	105,762		137,981		—		—		—		—		243,743
North America	13,335		—		—		251,407		19,862		—		284,604
South America	599		—		—		—		—		—		599
Total property, plant and equipment and leasing equipment, net	$	286,873	$	178,618	$	—	$	251,407	$	19,862	$	—	$	736,760

Long-lived Assets by Geographic Areas



	December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	47,945	$	—	$	—	$	—	$	—	$	—	$	47,945
Asia	119,232		40,637		—		—		—		—		159,869
Europe	105,762		137,981		—		—		—		—		243,743
North America	13,335		—		—		251,407		19,862		—		284,604
South America	599		—		—		—		—		—		599
Total property, plant and equipment and leasing equipment, net	$	286,873	$	178,618	$	—	$	251,407	$	19,862	$	—	$	736,760



	December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	56,927	$	—	$	—	$	—	$	—	$	—	$	56,927
Asia	189,364		39,138		—		—		—		—		228,502
Europe	130,632		135,442		—		—		—		—		266,074
North America	37,950		—		—		317,766		24,692		—		380,408
South America	4,448		—		—		—		—		—		4,448
Total property, plant and equipment and leasing equipment, net	$	419,321	$	174,580	$	—	$	317,766	$	24,692	$	—	$	936,359

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted EPS is presented below (in thousands, except share and per share data).



	Year Ended December 31,
	2015			2014		2013
Net Income (loss) Attributable to Shareholders	$	(11,826	)	$	7,780	$	24,821
Weighted Average Shares Outstanding - Basic	67,039,439			53,502,873		53,502,873
Weighted Average Shares Outstanding - Diluted	67,039,439			53,502,873		53,502,873

Basic and Diluted EPS	$	(0.18	)	$	0.15	$	0.46

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum future annual revenues contracted to be received under existing operating leases of equipment at December 31, 2015 are as follows:



	Year ending December 31,
2016	$	59,111
2017	44,623
2018	32,054
2019	16,877
2020	7,206
Thereafter	1,452
	$	161,323

As of December 31, 2015, minimum future rental payments under these leases are as follows:



	December 31, 2015
2016	$	6,724
2017	5,853
2018	5,259
2019	4,853
2020	4,176
Thereafter	76,967
	$	103,832

Schedule of Future Minimum Lease Payments for Capital Leases

At December 31, 2015, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows:



	Offshore Energy		Shipping Containers		Total
2016	$	2,013	$	25,680	$	27,693
2017	2,008		51,308		53,316
2018	2,008		5,344		7,352
2019	2,008		—		2,008
2020	2,013		—		2,013
Thereafter	9,987		—		9,987
Total	$	20,037	$	82,332	$	102,369

As of December 31, 2015, minimum future rental payments under these leases are as follows:



	December 31, 2015
2016	$	6,724
2017	5,853
2018	5,259
2019	4,853
2020	4,176
Thereafter	76,967
	$	103,832

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following table unaudited summary information of the Company's quarterly operations.



	Quarter Ended								Year Ended December 31
	March 31		June 30		September 30		December 31		Year Ended December 31
2015
Total revenues	33,973		33,564		35,233		33,798		136,568
Total expenses	33,226		40,194		43,475		44,786		161,681
Total other income (expense)	1,425		1,626		(7,664	)	1,681		(2,932	)
(Loss) Income before income taxes	2,172		(5,004	)	(15,906	)	(9,307	)	(28,045	)
Provision for income taxes	230		266		150		(60	)	586
Net (loss) income	1,942		(5,270	)	(16,056	)	(9,247	)	(28,631	)
Net loss attributable to non-controlling interests in consolidated subsidiaries	(3,506	)	(4,433	)	(4,318	)	(4,548	)	(16,805	)
Net (loss) income attributable to shareholders	5,448		(837	)	(11,738	)	(4,699	)	(11,826	)



(Loss) Earnings per Share:
Basic	0.10	(0.01	)	(0.16	)	(0.06	)	(0.18	)
Diluted	0.10	(0.01	)	(0.16	)	(0.06	)	(0.18	)
Weighted Average Shares Outstanding:
Basic	53,502,873	62,879,023		75,718,183		75,718,183		67,039,439
Diluted	53,502,873	62,879,023		75,718,183		75,718,183		67,039,439



	Quarter Ended							Year Ended December 31
	March 31	June 30		September 30		December 31		Year Ended December 31
2014
Total revenues	7,696	10,735		16,080		23,419		57,930
Total expenses	7,496	15,302		17,733		27,482		68,013
Total other income	1,561	3,779		3,755		4,780		13,875
(Loss) Income before income taxes	1,761	(788	)	2,102		717		3,792
Provision for income taxes	159	399		156		160		874
Net (loss) income	1,602	(1,187	)	1,946		557		2,918
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	176	165		(2,085	)	(3,118	)	(4,862	)
Net (loss) income attributable to shareholders	1,426	(1,352	)	4,031		3,675		7,780

(Loss) Earnings per Share:
Basic	0.03	(0.03	)	0.08		0.07		0.15
Diluted	0.03	(0.03	)	0.08		0.07		0.15
Weighted Average Shares Outstanding:
Basic	53,502,873	53,502,873		53,502,873		53,502,873		53,502,873
Diluted	53,502,873	53,502,873		53,502,873		53,502,873		53,502,873

ORGANIZATION (Details)			1 Months Ended	12 Months Ended
ORGANIZATION (Details)	Jun. 15, 2015 shares	May 20, 2015 $ / shares shares	May 31, 2015 shares	Dec. 31, 2015 segment	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments \| segment				5
Number of primary businesses \| segment				2
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Common stock shares issued (in shares)			53,502,873
IPO
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Common stock shares issued (in shares)		20,000,000
Common stock price (in dollars per share) \| $ / shares		$ 17.00
Over-Allotment Option
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Common stock shares issued (in shares)	2,200,000
Onshore Fund
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Beneficial owners percentage of ownership					89.97%
Offshore Fund
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Beneficial owners percentage of ownership					9.98%
Master GP
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Partner ownership percentage					0.05%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Dec. 31, 2015 USD ($) derivative_instrument $ / shares	Sep. 30, 2015 $ / shares	Dec. 31, 2015 USD ($) customer renewal_option derivative_instrument reporting_unit portfolio	Dec. 31, 2014 USD ($) customer portfolio	Dec. 31, 2013 USD ($) customer
Restricted Cash
Restricted cash	$ 21,610,000		$ 21,610,000	$ 21,084,000
Capitalized Interest
Capitalized interest			2,128,000	3,534,000	$ 0
Repairs and Maintenance [Abstract]
Repair and maintenance costs			3,643,000	235,000	712,000
Goodwill
Goodwill	116,584,000		$ 116,584,000	116,584,000
Number of reporting units subject to impairment assessment \| reporting_unit			2
Goodwill impairment	0		$ 0	0
Deferred Financing Costs
Unamortized deferred financing costs	4,836,000		4,836,000	4,919,000
Amortization expense			$ 1,469,000	$ 576,000	125,000
Revenue Recognition
Number of shipping container portfolios subject to finance leases \| portfolio			2	2,000
Provision for Doubtful Accounts
Provision for doubtful accounts	392,000		$ 392,000	$ 111,000
Bad debt expense			676,000	281,000	0
Comprehensive Income (Loss)
Reclassification adjustments impacting accumulated other comprehensive income			131,000	171,000	$ 98,000
Derivative Financial Instruments
Derivative liability	0		0	0
Estimated net gains/losses reclassified from AOCI into earnings within next 12 months	$ (5,000)		(5,000)
Distributions and Dividends
Cash dividends declared (in dollars per share) \| $ / shares	$ 0.33	$ 0.15
Other Assets
Derivative Financial Instruments
Derivative assets	$ 101,000		$ 101,000	$ 232,000
Designated as Hedging Instrument
Derivative Financial Instruments
Number of derivatives \| derivative_instrument	1		1
Not Designated as Hedging Instrument
Derivative Financial Instruments
Number of derivatives \| derivative_instrument	1		1
One Major Revenue Customer \| Customer Concentration Risk \| Sales Revenue
Concentration of Credit Risk
Concentration risk percentage			21.00%
One Major Revenue Customer \| Customer Concentration Risk \| Sales Revenue \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy \| Operating Segments
Concentration of Credit Risk
Number of customers \| customer			1
One Major Revenue Customer \| Customer Concentration Risk \| Sales Revenue \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal \| Operating Segments
Concentration of Credit Risk
Number of customers \| customer			1
Three Major Revenue Customers \| Customer Concentration Risk \| Sales Revenue
Concentration of Credit Risk
Concentration risk percentage				39.00%	70.00%
Three Major Revenue Customers \| Customer Concentration Risk \| Sales Revenue \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy \| Operating Segments
Concentration of Credit Risk
Number of customers \| customer				1	1
Three Major Revenue Customers \| Customer Concentration Risk \| Sales Revenue \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing \| Operating Segments
Concentration of Credit Risk
Number of customers \| customer				1	1
Three Major Revenue Customers \| Customer Concentration Risk \| Sales Revenue \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers \| Operating Segments
Concentration of Credit Risk
Number of customers \| customer				1	1
Two Major Accounts Receivable Customers \| Customer Concentration Risk \| Accounts Receivable \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy \| Operating Segments
Concentration of Credit Risk
Number of customers \| customer			2
One Major Accounts Receivable Customer \| Customer Concentration Risk \| Accounts Receivable
Concentration of Credit Risk
Concentration risk percentage				11.70%
One Major Accounts Receivable Customer \| Customer Concentration Risk \| Accounts Receivable \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy \| Operating Segments
Concentration of Credit Risk
Number of customers \| customer				1
Major Accounts Receivable Customer, Customer One \| Customer Concentration Risk \| Accounts Receivable
Concentration of Credit Risk
Concentration risk percentage			27.10%
Major Accounts Receivable Customer, Customer Two \| Customer Concentration Risk \| Accounts Receivable
Concentration of Credit Risk
Concentration risk percentage			25.40%
Customer Relationships
Intangibles and amortization
Number of renewal options \| renewal_option			2
Renewal term			1 year
Minimum
Property, Plant and Equipment [Abstract]
Amortization period of capitalized repairs and maintenance costs			30 months
Intangibles and amortization
Amortization over remaining lease terms			6 months
Minimum \| Off-Market Favorable Lease
Intangibles and amortization
Amortization over remaining lease terms			6 months
Minimum \| Customer Relationships
Intangibles and amortization
Useful life of intangible assets			5 years
Maximum
Property, Plant and Equipment [Abstract]
Amortization period of capitalized repairs and maintenance costs			60 months
Intangibles and amortization
Amortization over remaining lease terms			52 months
Maximum \| Off-Market Favorable Lease
Intangibles and amortization
Amortization over remaining lease terms			52 months
Maximum \| Customer Relationships
Intangibles and amortization
Useful life of intangible assets			10 years
Passenger aircraft
Property, Plant and Equipment [Abstract]
Useful life			25 years
Percentage of manufacturer price			15.00%
Aircraft engines \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			2 years
Aircraft engines \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			6 years
Offshore energy vessels
Property, Plant and Equipment [Abstract]
Useful life			25 years
Percentage of new build cost			20.00%
Railcars and locomotives \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			40 years
Railcars and locomotives \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			50 years
Track and track related assets \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			15 years
Track and track related assets \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			50 years
Buildings and site improvements \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			20 years
Buildings and site improvements \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			30 years
Railroad equipment \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			3 years
Railroad equipment \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			15 years
Crude oil terminal machinery and equipment \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			15 years
Crude oil terminal machinery and equipment \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			25 years
Vehicles \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			5 years
Vehicles \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			7 years
Furniture and fixtures \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			3 years
Furniture and fixtures \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			6 years
Computer hardware and software \| Minimum
Property, Plant and Equipment [Abstract]
Useful life			3 years
Computer hardware and software \| Maximum
Property, Plant and Equipment [Abstract]
Useful life			5 years
Co-venturer
Variable Interest Entities
Subsidiary loan to VIE partner for equity contribution				$ 3,725,000
Subsidiaries \| Co-venturer
Variable Interest Entities
Subsidiary loan to VIE partner for equity contribution	$ 3,725,000		$ 3,725,000
Jefferson Terminal \| Bonds payable \| Series 2010 Bonds
Tendered Bonds
Debt face amount	300,000,000		300,000,000
MT6015
Variable Interest Entities
Total assets	$ 7,533,000		7,533,000	$ 7,450,000
MT6015 \| MT6015
Variable Interest Entities
Vessel purchase commitment			$ 75,000,000
MT6015 \| Third-Party Owner
Variable Interest Entities
Interest held in VIE, as a percentage			50.00%
MT6015 \| Subsidiaries
Variable Interest Entities
Interest held in VIE, as a percentage			50.00%
Goodwill
Goodwill
Hypothetical decline in fair value of reporting unit, no result in goodwill impairment			5.00%

ACQUISITIONS - CMQR Additional Information (Details) $ in Thousands	2 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2015 USD ($) mi	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Business Acquisition [Line Items]
Acquisition and transaction expenses			$ 5,683	$ 11,450	$ 260
Track and track related assets \| Minimum
Business Acquisition [Line Items]
Useful life			15 years
Track and track related assets \| Maximum
Business Acquisition [Line Items]
Useful life			50 years
Railroad equipment \| Minimum
Business Acquisition [Line Items]
Useful life			3 years
Railroad equipment \| Maximum
Business Acquisition [Line Items]
Useful life			15 years
Vehicles \| Minimum
Business Acquisition [Line Items]
Useful life			5 years
Vehicles \| Maximum
Business Acquisition [Line Items]
Useful life			7 years
Railcars and locomotives \| Minimum
Business Acquisition [Line Items]
Useful life			40 years
Railcars and locomotives \| Maximum
Business Acquisition [Line Items]
Useful life			50 years
CMQR
Business Acquisition [Line Items]
Aggregate purchase price	$ 15,200
Assumed liabilities	$ 3,166
Miles of rail track \| mi			500
Increase in assumed fixed assets		$ 679
Increase to assumed employee liabilities		232
Increase to assumed environmental liabilities		680
Increase of assumed goodwill		233
Increase in depreciation expense		30
CMQR \| Operating Expense
Business Acquisition [Line Items]
Acquisition and transaction expenses		$ 392
CMQR \| Building
Business Acquisition [Line Items]
Useful life			4 years
CMQR \| Track and track related assets \| Minimum
Business Acquisition [Line Items]
Useful life			2 years
CMQR \| Track and track related assets \| Maximum
Business Acquisition [Line Items]
Useful life			5 years
CMQR \| Railroad equipment \| Minimum
Business Acquisition [Line Items]
Useful life			4 years
CMQR \| Railroad equipment \| Maximum
Business Acquisition [Line Items]
Useful life			6 years
CMQR \| Vehicles
Business Acquisition [Line Items]
Useful life			2 years
CMQR \| Railcars and locomotives
Business Acquisition [Line Items]
Useful life			5 years

ACQUISITIONS - Jefferson Terminal Additional Information (Details) - USD ($)		12 Months Ended
	Aug. 27, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Transaction related costs		$ 5,683,000	$ 11,450,000	$ 260,000
Jefferson Terminal
Business Acquisition [Line Items]
Aggregate purchase price	$ 608,300,000
Assumed liabilities	522,522,000
Equity consideration	38,200,000
Percent interest acquired		60.00%
Remaining non-controlling interest		40.00%
Loan obtained through acquisition	100,000,000
Decrease in assumed fixed assets		$ 947,000
Increase of assumed intangible assets		128,000
Increase of assumed goodwill		1,358,000
Increase in assumed accounts payable and accrued liabilities		390,000
Measurement period adjustments for goodwill and estimated liabilities assumed		$ 149,000
Jefferson Terminal \| Retaining Shareholders
Business Acquisition [Line Items]
Remaining non-controlling interest		20.00%
Jefferson Terminal \| Private Equity Fund
Business Acquisition [Line Items]
Remaining non-controlling interest		20.00%
Jefferson Terminal \| Subsidiaries
Business Acquisition [Line Items]
Long-term debt	$ 97,600,000
Goodwill expected to be tax-deductible		$ 45,000,000

ACQUISITIONS - Fair Values Assigned to Acquired Assets and Assumed Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Aug. 27, 2014	Jun. 30, 2014
CMQR
Assets:
Restricted cash			$ 0
Construction in progress			0
Prepaids and other deposits			103
Tendered bonds			0
Customer lists and customer contracts			225
Goodwill additions	$ 593
Total assets			15,224
Liabilities:
Employee-related liabilities			(1,119)
Environmental remediation liabilities			(1,333)
Real estate taxes			(714)
Accrued expenses			0
Other liabilities			0
Total liabilities			(3,166)
Net assets acquired			12,058
CMQR \| Term loan
Liabilities:
Long-term debt			0
CMQR \| Bonds payable
Liabilities:
Long-term debt			0
CMQR \| Note payable
Liabilities:
Long-term debt			0
CMQR \| Land and site improvements
Assets:
Property, plant and equipment			5,484
CMQR \| Track
Assets:
Property, plant and equipment			4,952
CMQR \| Buildings and improvements
Assets:
Property, plant and equipment			136
CMQR \| Crude oil terminal machinery and equipment
Assets:
Property, plant and equipment			0
CMQR \| Railroad equipment
Assets:
Property, plant and equipment			713
CMQR \| Furniture and fixtures
Assets:
Property, plant and equipment			0
CMQR \| Computer hardware and software
Assets:
Property, plant and equipment			0
CMQR \| Turnout and other track materials
Assets:
Property, plant and equipment			1,415
CMQR \| Vehicles
Assets:
Property, plant and equipment			320
CMQR \| Railcars and locomotives
Assets:
Property, plant and equipment			$ 1,283
Jefferson Terminal
Assets:
Restricted cash		$ 190,811
Construction in progress		85,276
Prepaids and other deposits		6,102
Tendered bonds		115,000
Customer lists and customer contracts		35,513
Goodwill additions	$ 115,991
Total assets		608,300
Liabilities:
Employee-related liabilities		0
Environmental remediation liabilities		0
Real estate taxes		0
Accrued expenses		(56,540)
Other liabilities		(1,902)
Total liabilities		(522,522)
Net assets acquired		85,778
Jefferson Terminal \| Term loan
Liabilities:
Long-term debt		(93,995)
Jefferson Terminal \| Bonds payable
Liabilities:
Long-term debt		(348,788)
Jefferson Terminal \| Note payable
Liabilities:
Long-term debt		(21,297)
Jefferson Terminal \| Land and site improvements
Assets:
Property, plant and equipment		9,573
Jefferson Terminal \| Buildings and improvements
Assets:
Property, plant and equipment		2,139
Jefferson Terminal \| Crude oil terminal machinery and equipment
Assets:
Property, plant and equipment		47,286
Jefferson Terminal \| Furniture and fixtures
Assets:
Property, plant and equipment		317
Jefferson Terminal \| Computer hardware and software
Assets:
Property, plant and equipment		34
Jefferson Terminal \| Vehicles
Assets:
Property, plant and equipment		$ 258

ACQUISITIONS - Supplemental Pro Forma Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CMQR
Business Acquisition [Line Items]
Revenues	$ 63,528	$ 46,100
Pre-tax net income (loss)	1,497	(20,830)
Jefferson Terminal
Business Acquisition [Line Items]
Revenues	60,577	19,530
Pre-tax net income (loss)	$ (46,906)	$ (1,543)

ACQUSIITIONS - Supplemental Pro Forma, Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Revenues	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 23,419	$ 16,080	$ 10,735	$ 7,696	$ 136,568	$ 57,930	$ 19,530
Loss before income taxes	$ (9,307)	$ (15,906)	$ (5,004)	$ 2,172	$ 717	$ 2,102	$ (788)	$ 1,761	(28,045)	3,792	25,279
Acquisition and transaction expenses									$ 5,683	11,450	$ 260
CMQR
Business Acquisition [Line Items]
Revenues										9,969
Loss before income taxes										(11,957)
CMQR \| Acquisition and Transaction Expenses
Business Acquisition [Line Items]
Acquisition and transaction expenses										5,646
Jefferson Terminal
Business Acquisition [Line Items]
Revenues										2,652
Loss before income taxes										(15,768)
Jefferson Terminal \| Acquisition and Transaction Expenses
Business Acquisition [Line Items]
Acquisition and transaction expenses										$ 5,494

LEASING EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment, net	$ 636,681	$ 509,379
Equipment Leasing
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	681,212	524,885
Less: Accumulated depreciation	(44,531)	(15,506)
Leasing equipment, net	636,681	509,379
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Aviation Leasing
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	452,602	298,204
Less: Accumulated depreciation	(33,281)	(11,331)
Leasing equipment, net	419,321	286,873
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	184,284	182,355
Less: Accumulated depreciation	(9,704)	(3,737)
Leasing equipment, net	174,580	178,618
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Jefferson Terminal
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	44,326	44,326
Less: Accumulated depreciation	(1,546)	(438)
Leasing equipment, net	$ 42,780	$ 43,888

LEASING EQUIPMENT, NET - Additional Information (Details) - Equipment Leasing $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) aircraft commercial_jet_engine	Dec. 31, 2014 USD ($) aircraft tank_railcar aircraft_engine	Dec. 31, 2013 USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Commercial jet engines acquired \| commercial_jet_engine	24
Number of aircraft acquired \| aircraft	5	14
Commercial jet engines sold \| commercial_jet_engine	9
Number of aircraft engines acquired \| aircraft_engine		9
Number of tank railcars acquired \| tank_railcar		300
Number of aircraft engines sold \| aircraft_engine		5
Number of aircraft sold \| aircraft		2
Depreciation \| $	$ 30,624	$ 12,683	$ 3,909

FINANCE LEASES, NET - Summary (Details) - Equipment Leasing - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Capital Leased Assets [Line Items]
Finance leases	$ 102,369	$ 131,537
Unearned revenue	(19,848)	(28,724)
Finance leases, net	82,521	102,813
Reportable Subsegments \| Operating Segments \| Offshore Energy
Capital Leased Assets [Line Items]
Finance leases	20,037	22,045
Unearned revenue	(9,915)	(11,580)
Finance leases, net	10,122	10,465
Reportable Subsegments \| Operating Segments \| Shipping Containers
Capital Leased Assets [Line Items]
Finance leases	82,332	109,492
Unearned revenue	(9,933)	(17,144)
Finance leases, net	$ 72,399	$ 92,348

FINANCE LEASES, NET - Future Minimum Payments Receivable (Details) - Equipment Leasing $ in Thousands	Dec. 31, 2015 USD ($)
Capital Leased Assets [Line Items]
2016	$ 27,693
2017	53,316
2018	7,352
2019	2,008
2020	2,013
Thereafter	9,987
Total	102,369
Reportable Subsegments \| Operating Segments \| Offshore Energy
Capital Leased Assets [Line Items]
2016	2,013
2017	2,008
2018	2,008
2019	2,008
2020	2,013
Thereafter	9,987
Total	20,037
Reportable Subsegments \| Operating Segments \| Shipping Containers
Capital Leased Assets [Line Items]
2016	25,680
2017	51,308
2018	5,344
2019	0
2020	0
Thereafter	0
Total	$ 82,332

FINANCE LEASES, NET - Additional Information (Details) shipping_container in Thousands	Mar. 09, 2016 shipping_container
Subsequent Event
Subsequent Event [Line Items]
Number of shipping containers to sell per agreement	39

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 299,678	$ 227,381
Infrastructure
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	310,064	229,488
Less: accumulated depreciation	(13,215)	(2,107)
Property, plant and equipment, net	299,678	227,381
Infrastructure \| Land and site improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	19,492	15,057
Infrastructure \| Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	55,927	145,716
Infrastructure \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,750	2,575
Infrastructure \| Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	210,857	50,627
Infrastructure \| Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	17,159	12,022
Infrastructure \| Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,050	1,268
Infrastructure \| Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,720	1,293
Infrastructure \| Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	152	34
Infrastructure \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	410	317
Infrastructure \| Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	547	579
Infrastructure \| Spare parts
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,829
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	27,599	20,824
Less: accumulated depreciation	(2,907)	(962)
Property, plant and equipment, net	24,692	19,862
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Land and site improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,478	5,484
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	893	0
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	557	436
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	0	0
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	17,159	12,022
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,050	1,268
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,720	1,293
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	118	0
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	121	0
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	503	321
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Spare parts
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	0
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	282,465	208,664
Less: accumulated depreciation	(10,308)	(1,145)
Property, plant and equipment, net	274,986	207,519
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Land and site improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	14,014	9,573
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	55,034	145,716
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,193	2,139
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	210,857	50,627
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	0	0
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	0	0
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	0	0
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	34	34
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	289	317
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	44	$ 258
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Spare parts
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,829

PROPERTY, PLANT AND EQUIPMENT, NET - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired	$ 84,298	$ 70,302
Disposals of railroad equipment	893
Depreciation expense	$ 11,099	2,107	$ 0
CMQR
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired		14,303
Jefferson Terminal
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired		$ 144,883

INVESTMENT IN UNCONSOLIDATED ENTITY - Ownership Interest and Carrying Values (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2012	Apr. 30, 2012	Apr. 26, 2012
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 10,675	$ 21,569
PJW 3000 LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage					16.67%	16.67%
Carrying Value	$ 0	0	$ 0
Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	51.00%			51.00%
Carrying Value	$ 10,675	$ 21,569	$ 32,744

INVESTMENT IN UNCONSOLIDATED ENTITY - PJW 3000 LLC (Details) - USD ($) $ in Thousands			12 Months Ended
	Nov. 26, 2013	Apr. 26, 2012	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2012
Schedule of Equity Method Investments [Line Items]
Cash proceeds			$ 0	$ 0	$ 22,000
Finance leases, net			82,521	102,813
Gain on sale of unconsolidated entity			$ 0	$ 0	$ 6,144
PJW 3000 LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage		16.67%				16.67%
Aggregate purchase price		$ 19,635
Investment premium		$ 3,000
Premium amortization period		28 years 6 months
Sale price of investment interest	$ 26,500
Cash proceeds	22,000
Finance leases, net	$ 4,500
Note receivable term	1 year
Gain on sale of unconsolidated entity	$ 6,144

INVESTMENT IN UNCONSOLIDATED ENTITY - Intermodal Finance I, Ltd. (Details) shipping_container in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) shipping_container customer	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Sep. 30, 2012
Schedule of Equity Method Investments [Line Items]
Impairment expense	$ 20,604	$ 0	$ 0
Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Ownership percentage	51.00%			51.00%
Number of customers \| customer	6
Impairment charge	$ 20,604
Impairment expense	$ 10,508
Containers \| Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Number of shipping containers \| shipping_container	59
Shipping Containers Subject to Multiple Operating Leases \| Containers \| Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Shipping containers subject to multiple operating leases \| shipping_container	37

INVESTMENT IN UNCONSOLIDATED ENTITY - Summary Financial Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue
Total revenues	$ 16,022	$ 20,331	$ 56,480
Expenses
Operating expenses	992	1,527	6,055
General and administrative	810	807	1,157
Depreciation and amortization	3,659	2,416	8,157
Interest expense	3,488	5,022	11,075
Impairment expense	20,604	0	0
Total expenses	29,553	9,772	26,444
Gain on early termination of finance lease	0	917	1,052
Other income	247	45	30
Loss on debt extinguishment	0	(119)	0
(Loss) gain on disposal of equipment	(766)	0	15
Total other income (expense)	(519)	843	1,097
Net income (loss)	(14,050)	11,402	31,133
Other comprehensive income	0	0	431
Comprehensive income (loss)	(14,050)	11,402	31,564
Company's equity in (loss) earnings, net of amortization of $95 in the year ended December 31, 2013	(6,956)	6,093	10,325
Amortization			$ 95
Assets
Cash and cash equivalents	4,796	5,214
Restricted cash	2,117	2,320
Accounts receivable	1,153	1,051
Leasing assets, net of accumulated depreciation of $7,305 and $4,449, respectively	47,735	74,045
Finance leases, net	34,261	62,393
Deferred costs, net of accumulated amortization of $864 and $602, respectively	1,060	1,524
Other assets	31	8
Total assets	91,153	146,555
Liabilities
Accounts payable and accrued liabilities	154	157
Syndication liabilities	3,201	5,152
Debt	84,051	120,303
Other liabilities	458	383
Total liabilities	87,864	125,995
Members’ Equity
Total members’ equity	3,289	20,560
Total liabilities and members’ equity	91,153	146,555
Investment in and advances to unconsolidated entity	10,675	21,569
Accumulated depreciation	7,305	4,449
Accumulated amortization of deferred costs	$ 864	$ 602

INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Intangible assets:
Total intangible assets, net	$ 44,129	$ 52,169
Intangible liabilities:
Acquired unfavorable lease intangibles	1,171	261
Accumulated amortization	(151)	(24)
Total acquired unfavorable lease intangibles, net	1,020	237
Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	22,881	20,435
Accumulated amortization	(9,697)	(2,796)
Total	13,184	17,639
Customer Relationships
Intangible assets:
Acquired finite-lived intangibles	35,738	35,738
Accumulated amortization	(4,793)	(1,208)
Total	30,945	34,530
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing
Intangible assets:
Total intangible assets, net	13,184	17,639
Intangible liabilities:
Acquired unfavorable lease intangibles	1,171	261
Accumulated amortization	(151)	(24)
Total acquired unfavorable lease intangibles, net	1,020	237
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	22,881	20,435
Accumulated amortization	(9,697)	(2,796)
Total	13,184	17,639
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing \| Customer Relationships
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Jefferson Terminal
Intangible assets:
Total intangible assets, net	30,795	34,333
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Accumulated amortization	0	0
Total acquired unfavorable lease intangibles, net	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Jefferson Terminal \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Jefferson Terminal \| Customer Relationships
Intangible assets:
Acquired finite-lived intangibles	35,513	35,513
Accumulated amortization	(4,718)	(1,180)
Total	30,795	34,333
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad
Intangible assets:
Total intangible assets, net	150	197
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Accumulated amortization	0	0
Total acquired unfavorable lease intangibles, net	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad \| Customer Relationships
Intangible assets:
Acquired finite-lived intangibles	225	225
Accumulated amortization	(75)	(28)
Total	$ 150	$ 197

INTANGIBLE ASSETS AND LIABILITIES, NET - Intangible Liabilities Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets and liabilities	$ 10,359	$ 3,902	$ 0
Equipment Leasing Revenues \| Lease Agreements
Finite-Lived Intangible Assets [Line Items]
Amortization of lease intangible assets and liabilities	6,774	2,694	0
Depreciation and Amortization \| Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 3,585	$ 1,208	$ 0

INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2016	$ 9,273
2017	6,757
2018	5,941
2019	4,530
2020	3,580
Thereafter	13,028
Total	$ 43,109

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debt	$ 271,057	$ 592,867
Total debt due within one year	24,791	23,915
Loans payable
Debt Instrument [Line Items]
Debt	221,444	243,759
Loans payable \| Container Loan 1
Debt Instrument [Line Items]
Debt	34,761	42,040
Loans payable \| Container Loan 2
Debt Instrument [Line Items]
Debt	11,338	19,115
Loans payable \| FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Debt	67,188	73,438
Loans payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt	9,407	9,416
Loans payable \| Jefferson Terminal Credit Agreement
Debt Instrument [Line Items]
Debt	98,750	99,750
Bonds payable
Debt Instrument [Line Items]
Debt	47,261	346,521
Unamortized premium	1,751
Bonds payable \| Series 2010 Bonds
Debt Instrument [Line Items]
Debt	0	298,000
Bonds payable \| Series 2012 Bonds
Debt Instrument [Line Items]
Debt	47,261	48,521
Unamortized premium	1,751	1,791
Note payable
Debt Instrument [Line Items]
Debt	2,352	2,587
Note payable \| Note payable to non-controlling interest
Debt Instrument [Line Items]
Debt	$ 2,352	$ 2,587

DEBT - Container Loan 1 (Details) - Loans payable - Container Loan 1 - USD ($) $ in Thousands		12 Months Ended
	Dec. 27, 2012	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jan. 17, 2013
Debt Instrument [Line Items]
Debt default interest rate		2.00%
Interest Rate Swap
Debt Instrument [Line Items]
Percentage of debt hedged by interest rate derivatives					70.00%
Interest Rate Swap \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Notional amount of interest rate swap					$ 39,194
Derivative assets		$ 97	$ 214
Interest Rate Swap \| LIBOR
Debt Instrument [Line Items]
Fixed interest rate					0.681%
Subsidiaries
Debt Instrument [Line Items]
Debt face amount	$ 55,991
Average interest rate		4.38%	4.00%	4.34%
Subsidiaries \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	3.75%
Effective interest rate		4.08%	3.90%
Subsidiaries \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Subsidiaries \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	3.75%

DEBT - Container Loan 2 (Details) - Loans payable - Container Loan 2 - USD ($) $ in Thousands			12 Months Ended
	Sep. 20, 2013	Aug. 15, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Debt default interest rate			2.50%
Interest Rate Cap
Debt Instrument [Line Items]
Percentage of debt hedged by interest rate derivatives	50.00%
Lease term	5 years
Interest Rate Cap \| Not Designated as Hedging Instrument
Debt Instrument [Line Items]
Notional amount of interest rate swap	$ 2,554
Derivative assets			$ 4	$ 18
LIBOR \| Interest Rate Cap
Debt Instrument [Line Items]
Cap interest rate	2.50%
Subsidiaries
Debt Instrument [Line Items]
Debt face amount		$ 21,548
Average interest rate			3.67%	3.59%	3.54%
Subsidiaries \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		3.25%
Effective interest rate			3.66%	3.49%

DEBT - FTAI Pride Agreement (Details) - Loans payable - FTAI Pride Credit Agreement - Subsidiaries		3 Months Ended	12 Months Ended
	Sep. 15, 2014 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014
Debt Instrument [Line Items]
Debt face amount	$ 75,000,000
Periodic payments		$ 1,562,000
Fixed charges coverage ratio (not less than)			1.15
Covenant evaluation period			12 months
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	4.50%
Effective interest rate		5.02%	4.74%

DEBT - CMQR Credit Agreement (Details) - Loans payable - CMQR Credit Agreement		3 Months Ended	12 Months Ended
	Sep. 18, 2014 USD ($)	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debt face amount	$ 10,000,000
Average interest rate			2.92%	2.95%
Callable debt	$ 12,000,000
Fixed charges coverage ratio (not less than)	1.30
Covenant evaluation period		12 months
LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	4.50%
Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
Canadian Fixed Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
Canadian Fixed Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	4.50%

DEBT - Jefferson Terminal Credit Agreement (Details) - USD ($)		3 Months Ended	12 Months Ended
	Aug. 27, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Capitalized interest			$ 2,128,000	$ 3,534,000	$ 0
Loans payable \| Jefferson Terminal Credit Agreement \| Subsidiaries
Debt Instrument [Line Items]
Debt face amount	$ 100,000,000
Periodic payments			$ 250,000
Exit fee	$ 2,753,000
Effective interest rate			9.50%	9.00%
Debt interest expense			$ 10,910,000	$ 3,703,000
Capitalized interest			$ 2,128,000	$ 3,534,000
Loans payable \| Jefferson Terminal Credit Agreement \| Subsidiaries \| Minimum
Debt Instrument [Line Items]
Prepayment premium percentage	1.00%
Loans payable \| Jefferson Terminal Credit Agreement \| Subsidiaries \| Maximum
Debt Instrument [Line Items]
Prepayment premium percentage	3.00%
Loans payable \| Jefferson Terminal Credit Agreement \| Subsidiaries \| Eurodollar
Debt Instrument [Line Items]
Basis spread on variable rate	8.00%
Loans payable \| Jefferson Terminal Credit Agreement \| Subsidiaries \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	7.00%
Loans payable \| Jefferson Terminal Credit Agreement \| Subsidiaries \| Forecast
Debt Instrument [Line Items]
Periodic payments		$ 1,250,000

DEBT - Bonds Payable, Additional Information(Details)		12 Months Ended
DEBT - Bonds Payable, Additional Information(Details)	Aug. 01, 2012 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2015 USD ($)	Aug. 27, 2014 USD ($)	Dec. 01, 2010
Debt Instrument [Line Items]
Tendered bonds		$ 298,000,000	$ 0
Debt		592,867,000	271,057,000
Jefferson Terminal
Debt Instrument [Line Items]
Fair value of bonds at acquisition				$ 115,000,000
Bonds payable
Debt Instrument [Line Items]
Unamortized premium			1,751,000
Debt		346,521,000	47,261,000
Bonds payable \| Series 2010 Bonds
Debt Instrument [Line Items]
Repayments of debt		2,000,000
Repayments of bonds		298,000,000
Debt		298,000,000	0
Bonds payable \| Series 2010 Bonds \| Jefferson Terminal
Debt Instrument [Line Items]
Debt face amount			300,000,000
Interest rate					0.60%
Bonds payable \| Series 2012 Bonds
Debt Instrument [Line Items]
Unamortized premium		$ 1,791,000	1,751,000
Service coverage ratio		1.25
Debt		$ 48,521,000	$ 47,261,000
Bonds payable \| Series 2012 Bonds \| Jefferson Terminal
Debt Instrument [Line Items]
Fair value of bonds at acquisition				48,554,000
Unamortized premium				$ 1,823,000
Bonds payable \| Series 2012 Bonds \| Jefferson Terminal
Debt Instrument [Line Items]
Debt face amount	$ 46,875,000
Period of interest reserve	6 months
Interest rate			8.25%

DEBT - Note Payable to Non-Controlling Interest, Additional Information (Details) - Note payable - Note payable to non-controlling interest $ in Thousands	1 Months Ended
	May 31, 2013 USD ($)
Debt Instrument [Line Items]
Partner ownership percentage	85.00%
Remaining non-controlling interest	15.00%
Subsidiaries
Debt Instrument [Line Items]
Debt face amount	$ 18,275
Interest rate	5.00%
Owner \| Subsidiaries
Debt Instrument [Line Items]
Debt face amount	$ 3,225

DEBT - Schedule of Principal Repayments (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Debt Instrument [Line Items]
2016	$ 24,791
2017	50,419
2018	103,463
2019	50,511
2020	2,382
Thereafter	37,740
Total	269,306
Bonds payable
Debt Instrument [Line Items]
2016	1,320
2017	1,425
2018	1,545
2019	1,670
2020	1,810
Thereafter	37,740
Total	45,510
Unamortized premium	1,751
Loans payable
Debt Instrument [Line Items]
2016	22,900
2017	48,591
2018	101,515
2019	48,438
2020	0
Thereafter	0
Total	221,444
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
2016	571
2017	403
2018	403
2019	403
2020	572
Thereafter	0
Total	$ 2,352

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets:
Total	$ 403,414	$ 43,441
Market
Assets:
Cash and cash equivalents	381,703	22,125
Restricted cash	21,610	21,084
Income
Assets:
Derivative assets	101	232
Level 1
Assets:
Total	403,313	43,209
Level 1 \| Market
Assets:
Cash and cash equivalents	381,703	22,125
Restricted cash	21,610	21,084
Level 1 \| Income
Assets:
Derivative assets	0	0
Level 2
Assets:
Total	101	232
Level 2 \| Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Level 2 \| Income
Assets:
Derivative assets	101	232
Level 3
Assets:
Total	0	0
Level 3 \| Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Level 3 \| Income
Assets:
Derivative assets	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value on a recurring basis	$ 0	$ 0
Impairment charges	0	0	$ 0
Series 2012 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable		49,268,000
Level 2 \| Series 2012 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	49,268,000
Level 2 \| Loans payable \| Container Loan 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	34,758,000	42,515,000
Level 2 \| Loans payable \| Container Loan 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	11,359,000	$ 19,129,000
Terminal Site Property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 14,869,000
Loans receivable interest rate	10.00%
Co-venturer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 3,725,000
Loans receivable interest rate	12.00%	12.00%

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Total revenues	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 23,419	$ 16,080	$ 10,735	$ 7,696	$ 136,568	$ 57,930	$ 19,530
Equipment Leasing
Revenues
Lease income									64,883	27,681	9,284
Maintenance revenue									17,286	5,964	2,242
Finance lease income									8,747	10,013	7,781
Other revenue									1,827	326	223
Total revenues									92,743	43,984	19,530
Infrastructure
Revenues
Lease income									4,620	1,325
Rail revenues									25,550	9,969
Terminal services revenues									13,655	2,652
Total revenues									43,825	13,946	0
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Revenues
Lease income									42,924	14,991	4,282
Maintenance revenue									17,286	5,964	2,242
Finance lease income									0	0	0
Other revenue									1,120	3	121
Total revenues									61,330	20,958	6,645
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Revenues
Lease income									21,959	12,690	5,002
Maintenance revenue									0	0	0
Finance lease income									1,665	1,716	262
Other revenue									607	224
Total revenues									24,231	14,630	5,264
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Revenues
Lease income									0	0	0
Maintenance revenue									0	0	0
Finance lease income									7,082	8,297	7,519
Other revenue									100	99	102
Total revenues									7,182	8,396	7,621
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Revenues
Lease income									4,620	1,325
Rail revenues									0	0
Terminal services revenues									13,655	2,652
Total revenues									18,275	3,977	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Revenues
Lease income									0	0
Rail revenues									25,550	9,969
Terminal services revenues									0	0
Total revenues									$ 25,550	$ 9,969	$ 0

REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Revenue Disclosure [Abstract]
2016	$ 59,111
2017	44,623
2018	32,054
2019	16,877
2020	7,206
Thereafter	1,452
Total future minimum payments receivable	$ 161,323

EQUITY-BASED COMPENSATION - Additional Information (Details) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Aug. 27, 2014 USD ($)	Jun. 30, 2015 director $ / shares shares	Dec. 31, 2015 USD ($) performance_condition shares	Dec. 31, 2014 shares
Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation restricted shares granted (in shares)			1,300,000
Forfeiture rate			0.00%	0.00%
Common Units \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation restricted shares granted (in shares)			1,400,000.0
Grant date fair value \| $			$ 1,688
Forfeiture rate			0.00%
Units nonvested (in shares)			733	1,300
Units vested (in shares)			617
Fair value of units vested \| $			$ 765
Common Units \| Employees of a subsidiary \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term			16 months
Common Units \| Employees of a subsidiary \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term			36 months
Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)			30,000,000
Number of Independent Directors \| director		3
Incentive Plan \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate stock options issued (in shares)		15,000
Grant date fair value (in dollars per share) \| $ / shares		$ 24
Incentive Plan \| Stock Options \| Director 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate stock options issued (in shares)		5,000
Expiration period		10 years
Incentive Plan \| Stock Options \| Director 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate stock options issued (in shares)		5,000
Incentive Plan \| Stock Options \| Director 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate stock options issued (in shares)		5,000
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation restricted shares granted (in shares)			1,250,000
Vesting period			3 years
Number of performance conditions \| performance_condition			3
Grant date fair value \| $	$ 23,879
Performance condition that remains probable, percentage			50.00%
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary \| Tranche 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Number of performance conditions \| performance_condition			1
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary \| Tranche 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary \| Tranche 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Award Expiring August 2018 \| Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Grant date fair value \| $			$ 800

EQUITY-BASED COMPENSATION - Assumptions Used to Estimate Fair Value Using Black-Scholes Model (Details) - Incentive Plan - Stock Options	12 Months Ended
	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	28.00%
Risk free interest rate	2.40%
Expected dividend yield	6.50%
Expected term	5 years

EQUITY-BASED COMPENSATION - Summary of Stock Option Activity (Details) - Incentive Plan - Stock Options $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) $ / shares shares
Options
Stock options outstanding, beginning balance (in shares)	0
Granted (in shares)	15,000
Exercised (in shares)	0
Forfeited and canceled (in shares)	0
Stock options outstanding, ending balance (in shares)	15,000
Stock options exercisable, ending balance (in shares)	15,000
Weighted-Average Exercise Price (per share)
Granted (in dollars per share) \| $ / shares	$ 16.98
Stock options outstanding (in dollars per share) \| $ / shares	16.98
Stock options exercisable (in dollars per share) \| $ / shares	$ 16.98
Weighted Average Remaining Contractual Term (in years)
Outstanding (in years)	9 years 5 months
Exercisable (in years)	9 years 5 months
Aggregate intrinsic value of stock options outstanding \| $	$ 0
Aggregate intrinsic value of stock options exercisable \| $	$ 0

EQUITY-BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 4,662,000	$ 1,265,000	$ 0
Remaining expense to be recognized, if all vesting conditions are met	20,464,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	24,000
Remaining expense to be recognized, if all vesting conditions are met	0
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	3,432,000	1,137,000
Remaining expense to be recognized, if all vesting conditions are met	20,110,000
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	1,206,000	$ 128,000
Remaining expense to be recognized, if all vesting conditions are met	$ 354,000

INCOME TAXES - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal									$ 86	$ 700	$ 0
State and local									45	15	0
Foreign									222	0	0
Total current provision									353	715	0
Deferred:
Federal									(79)	158	0
State and local									0	1	0
Foreign									312	0	0
Total deferred provision									233	159	0
Total provision for income taxes	$ (60)	$ 150	$ 266	$ 230	$ 160	$ 156	$ 399	$ 159	$ 586	$ 874	$ 0

INCOME TAXES - Provision for Income Tax Reconciliation (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. federal tax at statutory rate	35.00%	35.00%	35.00%
Income not subject to tax	25.20%	(241.20%)	(35.00%)
State and local taxes	(0.20%)	0.40%
Foreign taxes	(1.90%)	0.00%
Other	(0.20%)	0.00%
Change in valuation allowance	(60.00%)	228.80%
Provision for income taxes	(2.10%)	23.00%	0.00%

INCOME TAXES - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets:
Net operating loss carryforwards	$ 24,234	$ 6,144
Accrued expenses	1,767	1,934
Interest expense	4,038	1,033
Other	2,712	451
Total deferred tax assets	32,751	9,562
Less valuation allowance	(24,786)	(8,675)	$ 0
Net deferred tax assets	7,965	887
Deferred tax liabilities:
Fixed assets	8,357	1,046
Net deferred tax liabilities	$ (392)	$ (159)

INCOME TAXES INCOME TAXES - Changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Valuation Allowance [Roll Forward]
Valuation allowance at beginning of period	$ 8,675	$ 0
Increase to valuation allowance attributable to:
Current year loss	16,111	8,675
Valuation allowance at end of period	$ 24,786	$ 8,675

INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
U.S. federal tax rate	35.00%	35.00%	35.00%
Valuation allowance	$ 24,786	$ 8,675	$ 0
Subsidiaries \| U.S. Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	62,014	13,000
Subsidiaries \| State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	60,646	12,300
Canada Revenue Agency
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	6,672	$ 4,000
Revenue Commissioners, Ireland
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 900

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($)	3 Months Ended								4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Apr. 30, 2015	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate											$ 15,018,000	$ 5,463,000	$ 2,211,000
Termination fee period preceding termination										12 months
Net income (loss) attributable to non-controlling interest	$ (4,548,000)	$ (4,318,000)	$ (4,433,000)	$ (3,506,000)	$ (3,118,000)	$ (2,085,000)	$ 165,000	$ 176,000			$ (16,805,000)	$ (4,862,000)	458,000
Minimum
Related Party Transaction [Line Items]
Management fee percentage with capital commitment of at least $100 million									1.25%
Maximum
Related Party Transaction [Line Items]
Management fee percentage with capital commitment of less than $100 million									1.50%
Maximum administrative fees entitled									$ 1,000,000
Master GP
Related Party Transaction [Line Items]
Cumulative preferred return payable, percentage									8.00%
Jefferson Terminal
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage	20.00%				20.00%					20.00%	20.00%	20.00%
Non-controlling interest by private equity fund	$ 71,321,000				$ 54,273,000					$ 71,321,000	$ 71,321,000	$ 54,273,000
Net income (loss) attributable to non-controlling interest											(7,950,000)	(3,068,000)
Amounts payable to vendor	4,708,000				14,025,000					$ 4,708,000	4,708,000	14,025,000
Manager
Related Party Transaction [Line Items]
Percent of shares sold in offering										10.00%
Gross capital raised by fair market value percentage										10.00%
Manager \| Pre-IPO Management Fees
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate											3,873,000	5,463,000	$ 2,211,000
Manager \| Management fees
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate											11,145,000
Management fee percentage rate										1.50%
Management fee payable	1,506,000				3,626,000					$ 1,506,000	1,506,000	3,626,000
Due from related party	0				335,000					0	0	335,000
Manager \| General and Administrative Expense
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate											4,119,000
Manager \| Acquisition and Transaction Expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate											2,181,000
Manager \| Amount Due Excluding Management Fees
Related Party Transaction [Line Items]
Management fee payable	994,000				$ 160,000					994,000	994,000	$ 160,000
Master GP
Related Party Transaction [Line Items]
Incentive distribution percentage									10.00%
Cumulative preferred return payable, percentage									8.00%
Master GP \| Income Incentive Allocation
Related Party Transaction [Line Items]
Management fee payable	0									$ 0	0
Master GP \| Income Incentive Allocation \| Threshold 1
Related Party Transaction [Line Items]
Income incentive allocation, percentage										0.00%
Return rate										2.00%
Annualized return rate										8.00%
Master GP \| Income Incentive Allocation \| Threshold 2
Related Party Transaction [Line Items]
Income incentive allocation, percentage										100.00%
Master GP \| Income Incentive Allocation \| Threshold 2 \| Minimum
Related Party Transaction [Line Items]
Return rate										2.00%
Master GP \| Income Incentive Allocation \| Threshold 2 \| Maximum
Related Party Transaction [Line Items]
Return rate										2.2223%
Master GP \| Income Incentive Allocation \| Threshold 3
Related Party Transaction [Line Items]
Income incentive allocation, percentage										10.00%
Master GP \| Income Incentive Allocation \| Threshold 3 \| Maximum
Related Party Transaction [Line Items]
Return rate										2.2223%
Master GP \| Capital gains incentive allocation
Related Party Transaction [Line Items]
Management fee payable	$ 0									$ 0	$ 0
Capital gains incentive allocation percentage										10.00%

SEGMENT INFORMATION - Statement of Income by Segment (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2015 USD ($) segment	Dec. 31, 2014 USD ($) segment	Dec. 31, 2013 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment									5
Number of additional reportable segments \| segment										2
Revenues
Total revenues	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 23,419	$ 16,080	$ 10,735	$ 7,696	$ 136,568	$ 57,930	$ 19,530
Expenses
Operating expenses									68,793	27,223	3,157
General and administrative									7,568	2,007	805
Acquisition and transaction expenses									5,683	11,450	260
Management fees and incentive allocation to affiliate									15,018	5,463	2,211
Depreciation and amortization									45,308	15,998	3,909
Interest expense									19,311	5,872	2,816
Total expenses	44,786	43,475	40,194	33,226	27,482	17,733	15,302	7,496	161,681	68,013	13,158
Other income (expense)
Equity in (loss) earnings of unconsolidated entities									(6,956)	6,093	10,325
Gain (loss) on sale of equipment									3,419	7,576	2,415
Gain on sale of unconsolidated entity									0	0	6,144
Interest income									579	186	23
Other income (expense)									26	20	0
Total other income (expense)	1,681	(7,664)	1,626	1,425	4,780	3,755	3,779	1,561	(2,932)	13,875	18,907
(Loss) Income before income taxes	(9,307)	(15,906)	(5,004)	2,172	717	2,102	(788)	1,761	(28,045)	3,792	25,279
Provision (benefit) for income taxes	(60)	150	266	230	160	156	399	159	586	874	0
Net (loss) income	(9,247)	(16,056)	(5,270)	1,942	557	1,946	(1,187)	1,602	(28,631)	2,918	25,279
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	(4,548)	(4,318)	(4,433)	(3,506)	(3,118)	(2,085)	165	176	(16,805)	(4,862)	458
Net (loss) income attributable to shareholders	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	$ 3,675	$ 4,031	$ (1,352)	$ 1,426	(11,826)	7,780	24,821
Equipment Leasing
Revenues
Total revenues									92,743	43,984	19,530
Infrastructure
Revenues
Total revenues									43,825	13,946	0
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Revenues
Total revenues									61,330	20,958	6,645
Expenses
Operating expenses									2,820	1,713	2,191
General and administrative									0	0	0
Acquisition and transaction expenses									0	0	0
Management fees and incentive allocation to affiliate									0	0	0
Depreciation and amortization									23,549	9,445	2,972
Interest expense									0	0	0
Total expenses									26,369	11,158	5,163
Other income (expense)
Equity in (loss) earnings of unconsolidated entities									0	0	0
Gain (loss) on sale of equipment									3,053	7,576	2,415
Gain on sale of unconsolidated entity											0
Interest income									11	26	23
Other income (expense)									0	0
Total other income (expense)									3,064	7,602	2,438
(Loss) Income before income taxes									38,025	17,402	3,920
Provision (benefit) for income taxes									668	490	0
Net (loss) income									37,357	16,912	3,920
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries									21	0	0
Net (loss) income attributable to shareholders									37,336	16,912	3,920
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Revenues
Total revenues									24,231	14,630	5,264
Expenses
Operating expenses									4,650	1,054	450
General and administrative									0	0	0
Acquisition and transaction expenses									0	0	0
Management fees and incentive allocation to affiliate									0	0	0
Depreciation and amortization									5,967	2,801	937
Interest expense									3,794	1,248	104
Total expenses									14,411	5,103	1,491
Other income (expense)
Equity in (loss) earnings of unconsolidated entities									0	0	2,700
Gain (loss) on sale of equipment									0	0	0
Gain on sale of unconsolidated entity											6,144
Interest income									483	160	0
Other income (expense)									0	0
Total other income (expense)									483	160	8,844
(Loss) Income before income taxes									10,303	9,687	12,617
Provision (benefit) for income taxes									0	0	0
Net (loss) income									10,303	9,687	12,617
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries									676	704	458
Net (loss) income attributable to shareholders									9,627	8,983	12,159
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Revenues
Total revenues									7,182	8,396	7,621
Expenses
Operating expenses									350	257	516
General and administrative									0	0	0
Acquisition and transaction expenses									0	0	0
Management fees and incentive allocation to affiliate									0	0	0
Depreciation and amortization									0	0	0
Interest expense									2,393	2,840	2,699
Total expenses									2,743	3,097	3,215
Other income (expense)
Equity in (loss) earnings of unconsolidated entities									(6,956)	6,093	7,625
Gain (loss) on sale of equipment									0	0	0
Gain on sale of unconsolidated entity											0
Interest income									0	0	0
Other income (expense)									(14)	(26)
Total other income (expense)									(6,970)	6,067	7,625
(Loss) Income before income taxes									(2,531)	11,366	12,031
Provision (benefit) for income taxes									(127)	100	0
Net (loss) income									(2,404)	11,266	12,031
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries									0	0	0
Net (loss) income attributable to shareholders									(2,404)	11,266	12,031
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Revenues
Total revenues									18,275	3,977	0
Expenses
Operating expenses									33,154	9,095	0
General and administrative									0	0	0
Acquisition and transaction expenses									0	5,494	0
Management fees and incentive allocation to affiliate									0	0	0
Depreciation and amortization									13,897	2,763	0
Interest expense									12,546	1,552	0
Total expenses									59,597	18,904	0
Other income (expense)
Equity in (loss) earnings of unconsolidated entities									0	0	0
Gain (loss) on sale of equipment									(199)	0	0
Gain on sale of unconsolidated entity											0
Interest income									85	0	0
Other income (expense)									40	46
Total other income (expense)									(74)	46	0
(Loss) Income before income taxes									(41,396)	(14,881)	0
Provision (benefit) for income taxes									41	284	0
Net (loss) income									(41,437)	(15,165)	0
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries									(17,376)	(5,566)	0
Net (loss) income attributable to shareholders									(24,061)	(9,599)	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Revenues
Total revenues									25,550	9,969	0
Expenses
Operating expenses									27,819	15,104	0
General and administrative									0	0	0
Acquisition and transaction expenses									0	5,646	0
Management fees and incentive allocation to affiliate									0	0	0
Depreciation and amortization									1,895	989	0
Interest expense									578	187	0
Total expenses									30,292	21,926	0
Other income (expense)
Equity in (loss) earnings of unconsolidated entities									0	0	0
Gain (loss) on sale of equipment									565	0	0
Gain on sale of unconsolidated entity											0
Interest income									0	0	0
Other income (expense)									0	0
Total other income (expense)									565	0	0
(Loss) Income before income taxes									(4,177)	(11,957)	0
Provision (benefit) for income taxes									0	0	0
Net (loss) income									(4,177)	(11,957)	0
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries									(121)	0	0
Net (loss) income attributable to shareholders									(4,056)	(11,957)	0
Corporate
Revenues
Total revenues									0	0	0
Expenses
Operating expenses									0	0	0
General and administrative									7,568	2,007	805
Acquisition and transaction expenses									5,683	310	260
Management fees and incentive allocation to affiliate									15,018	5,463	2,211
Depreciation and amortization									0	0	0
Interest expense									0	45	13
Total expenses									28,269	7,825	3,289
Other income (expense)
Equity in (loss) earnings of unconsolidated entities									0	0	0
Gain (loss) on sale of equipment									0	0	0
Gain on sale of unconsolidated entity											0
Interest income									0	0	0
Other income (expense)									0	0
Total other income (expense)									0	0	0
(Loss) Income before income taxes									(28,269)	(7,825)	(3,289)
Provision (benefit) for income taxes									4	0	0
Net (loss) income									(28,273)	(7,825)	(3,289)
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries									(5)	0	0
Net (loss) income attributable to shareholders									$ (28,268)	$ (7,825)	$ (3,289)

SEGMENT INFORMATION - Reconciliation of Adjusted Net Income to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									$ 7,787	$ 20,657	$ 25,081
Add: Non-controlling share of adjustments to Adjusted Net Income									1,333	525	0
Equity in (loss) earnings of unconsolidated entities									(6,956)	6,093	10,325
Add: Cash payments for income taxes									507	274	0
Less: Incentive allocations									0	0	0
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities									(3,552)	(6,155)	(10,325)
Less: Asset impairment charges									0	0	0
Less: Changes in fair value of non-hedge derivative instruments									(14)	(25)	0
Less: Losses on the modification or extinguishment of debt and capital lease obligations									0	0	0
Less: Acquisition and transaction expenses									(5,683)	(11,450)	(260)
Less: Equity-based compensation expense									(4,662)	(1,265)	0
Less: Provision for income taxes	$ 60	$ (150)	$ (266)	$ (230)	$ (160)	$ (156)	$ (399)	$ (159)	(586)	(874)	0
Net (loss) income attributable to shareholders	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	$ 3,675	$ 4,031	$ (1,352)	$ 1,426	(11,826)	7,780	24,821
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									37,777	17,136	3,920
Equity in (loss) earnings of unconsolidated entities									0	0	0
Less: Acquisition and transaction expenses									0	0	0
Less: Provision for income taxes									(668)	(490)	0
Net (loss) income attributable to shareholders									37,336	16,912	3,920
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									9,627	8,976	12,159
Equity in (loss) earnings of unconsolidated entities									0	0	2,700
Less: Acquisition and transaction expenses									0	0	0
Less: Provision for income taxes									0	0	0
Net (loss) income attributable to shareholders									9,627	8,983	12,159
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									7,991	11,453	12,031
Equity in (loss) earnings of unconsolidated entities									(6,956)	6,093	7,625
Less: Acquisition and transaction expenses									0	0	0
Less: Provision for income taxes									127	(100)	0
Net (loss) income attributable to shareholders									(2,404)	11,266	12,031
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(22,153)	(3,209)
Equity in (loss) earnings of unconsolidated entities									0	0	0
Less: Acquisition and transaction expenses									0	(5,494)	0
Less: Provision for income taxes									(41)	(284)	0
Net (loss) income attributable to shareholders									(24,061)	(9,599)	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(2,898)	(6,183)
Equity in (loss) earnings of unconsolidated entities									0	0	0
Less: Acquisition and transaction expenses									0	(5,646)	0
Less: Provision for income taxes									0	0	0
Net (loss) income attributable to shareholders									(4,056)	(11,957)	0
Corporate
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(22,557)	(7,516)	(3,029)
Equity in (loss) earnings of unconsolidated entities									0	0	0
Less: Acquisition and transaction expenses									(5,683)	(310)	(260)
Less: Provision for income taxes									(4)	0	0
Net (loss) income attributable to shareholders									$ (28,268)	$ (7,825)	$ (3,289)

SEGMENT INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total assets	$ 1,649,641	$ 1,404,740
Debt	271,057	592,867
Total liabilities	358,955	691,243
Non-controlling interest in equity of consolidated subsidiaries	124,403	99,065
Total equity	1,290,686	713,497	$ 195,884
Total liabilities and equity	1,649,641	1,404,740
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total assets	443,532	308,957
Debt	0	0
Total liabilities	50,873	50,282
Non-controlling interest in equity of consolidated subsidiaries	899	0
Total equity	392,659	258,675
Total liabilities and equity	443,532	308,957
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total assets	214,811	212,699
Debt	69,540	76,024
Total liabilities	75,093	81,903
Non-controlling interest in equity of consolidated subsidiaries	7,692	7,319
Total equity	139,718	130,796
Total liabilities and equity	214,811	212,699
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total assets	86,237	117,298
Debt	46,099	61,154
Total liabilities	46,223	61,434
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	40,014	55,864
Total liabilities and equity	86,237	117,298
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total assets	486,522	721,266
Debt	146,011	446,272
Total liabilities	162,746	470,710
Non-controlling interest in equity of consolidated subsidiaries	113,514	91,118
Total equity	323,776	250,556
Total liabilities and equity	486,522	721,266
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total assets	34,411	30,605
Debt	9,407	9,417
Total liabilities	19,938	19,499
Non-controlling interest in equity of consolidated subsidiaries	1,714	628
Total equity	14,473	11,106
Total liabilities and equity	34,411	30,605
Corporate
Segment Reporting Information [Line Items]
Total assets	384,128	13,915
Debt	0	0
Total liabilities	4,082	7,415
Non-controlling interest in equity of consolidated subsidiaries	584	0
Total equity	380,046	6,500
Total liabilities and equity	$ 384,128	$ 13,915

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Net (loss) income attributable to shareholders	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	$ 3,675	$ 4,031	$ (1,352)	$ 1,426	$ (11,826)	$ 7,780	$ 24,821
Weighted Average Shares Outstanding - Basic (in shares)	75,718,183	75,718,183	62,879,023	53,502,873	53,502,873	53,502,873	53,502,873	53,502,873	67,039,439	53,502,873	53,502,873
Weighted Average Shares Outstanding - Diluted (in shares)	75,718,183	75,718,183	62,879,023	53,502,873	53,502,873	53,502,873	53,502,873	53,502,873	67,039,439	53,502,873	53,502,873
Basic and Diluted EPS (in dollars per share)									$ (0.18)	$ 0.15	$ 0.46
Antidilutive shares excluded from the calculation of diluted EPS (in shares)									1,507

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

COMMITMENTS AND CONTINGENCIES - Additional Information (Details)	12 Months Ended
	Dec. 31, 2015 USD ($) subsidiary	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Variable Interest Entity [Line Items]
Minimum loss contingency range possible	$ 0
Maximum loss contingency range possible	$ 3,978,000
Number of subsidiaries \| subsidiary	2
Rent expense for operating leases	$ 3,717,000	$ 1,556,000	$ 0
MT6015
Variable Interest Entity [Line Items]
Equity contribution obligation	$ 11,925,000

COMMITMENTS AND CONTINGENCIES - Minimum Future Rental Payments (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2016	$ 6,724
2017	5,853
2018	5,259
2019	4,853
2020	4,176
Thereafter	76,967
Total future minimum payments due	$ 103,832

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 23,419	$ 16,080	$ 10,735	$ 7,696	$ 136,568	$ 57,930	$ 19,530
Costs and Expenses	44,786	43,475	40,194	33,226	27,482	17,733	15,302	7,496	161,681	68,013	13,158
Total other income (expense)	1,681	(7,664)	1,626	1,425	4,780	3,755	3,779	1,561	(2,932)	13,875	18,907
(Loss) Income before income taxes	(9,307)	(15,906)	(5,004)	2,172	717	2,102	(788)	1,761	(28,045)	3,792	25,279
Provision for income taxes	(60)	150	266	230	160	156	399	159	586	874	0
Net (loss) income	(9,247)	(16,056)	(5,270)	1,942	557	1,946	(1,187)	1,602	(28,631)	2,918	25,279
Net income (loss) attributable to non-controlling interest	(4,548)	(4,318)	(4,433)	(3,506)	(3,118)	(2,085)	165	176	(16,805)	(4,862)	458
Net (loss) income attributable to shareholders	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	$ 3,675	$ 4,031	$ (1,352)	$ 1,426	$ (11,826)	$ 7,780	$ 24,821
(Loss) Earnings per Share:
Basic (in dollars per share)	$ (0.06)	$ (0.16)	$ (0.01)	$ 0.10	$ 0.07	$ 0.08	$ (0.03)	$ 0.03	$ (0.18)	$ 0.15
Diluted (in dollars per share)	$ (0.06)	$ (0.16)	$ (0.01)	$ 0.10	$ 0.07	$ 0.08	$ (0.03)	$ 0.03	$ (0.18)	$ 0.15
Weighted Average Shares Outstanding:
Basic (in shares)	75,718,183	75,718,183	62,879,023	53,502,873	53,502,873	53,502,873	53,502,873	53,502,873	67,039,439	53,502,873	53,502,873
Diluted (in shares)	75,718,183	75,718,183	62,879,023	53,502,873	53,502,873	53,502,873	53,502,873	53,502,873	67,039,439	53,502,873	53,502,873

SUBSEQUENT EVENTS (Details) $ / shares in Units, shipping_container in Thousands			3 Months Ended		10 Months Ended	12 Months Ended
	Mar. 09, 2016 shipping_container	Mar. 01, 2016 $ / shares	Dec. 31, 2015 $ / shares	Sep. 30, 2015 $ / shares	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Feb. 11, 2016 USD ($)
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share) \| $ / shares			$ 0.33	$ 0.15
Proceeds from sale of leasing equipment						$ 13,625,000	$ 31,597,000	$ 8,434,000
Forecast
Subsequent Event [Line Items]
Proceeds from sale of leasing equipment					$ 25,000,000
Subsequent Event
Subsequent Event [Line Items]
Number of shipping containers to sell per agreement \| shipping_container	39
Subsequent Event \| Bonds payable \| Dock and Wharf Facility Revenue Bonds, Series 2016
Subsequent Event [Line Items]
Debt face amount									$ 144,200,000.0
Subsequent Event \| Common Stock
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share) \| $ / shares		$ 0.33

SEGMENT INFORMATION - Location of Long-Lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 636,681	$ 509,379
Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	636,681	509,379
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	419,321	286,873
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	174,580	178,618
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	42,780	43,888
Property, Plant and Equipment
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	936,359	736,760
Property, Plant and Equipment \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	419,321	286,873
Property, Plant and Equipment \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	174,580	178,618
Property, Plant and Equipment \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	317,766	251,407
Property, Plant and Equipment \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	24,692	19,862
Property, Plant and Equipment \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	56,927	47,945
Property, Plant and Equipment \| Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	56,927	47,945
Property, Plant and Equipment \| Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Africa \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Africa \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Africa \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	228,502	159,869
Property, Plant and Equipment \| Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	189,364	119,232
Property, Plant and Equipment \| Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	39,138	40,637
Property, Plant and Equipment \| Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Asia \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Asia \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Asia \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	266,074	243,743
Property, Plant and Equipment \| Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	130,632	105,762
Property, Plant and Equipment \| Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	135,442	137,981
Property, Plant and Equipment \| Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Europe \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Europe \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| Europe \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	380,408	284,604
Property, Plant and Equipment \| North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	37,950	13,335
Property, Plant and Equipment \| North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	317,766	251,407
Property, Plant and Equipment \| North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	24,692	19,862
Property, Plant and Equipment \| North America \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	4,448	599
Property, Plant and Equipment \| South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	4,448	599
Property, Plant and Equipment \| South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| South America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| South America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment \| South America \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 0	$ 0