FTAI Aviation (FTAI) 10-Q13 Aug 152015 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2015	Aug. 12, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Fortress Transportation & Infrastructure Investors LLC
Entity Central Index Key	1,590,364
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Amendment Flag	false
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		75,718,183

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 571,314	$ 22,125
Restricted cash	17,750	21,084
Accounts receivable, net	13,274	9,588
Leasing equipment, net	521,517	509,379
Finance leases, net	96,671	102,813
Property, plant, and equipment, net	282,026	228,328
Investments in and advances to unconsolidated entities	22,147	21,569
Tendered bonds	298,000	298,000
Intangible assets, net	46,408	52,041
Goodwill	115,616	115,616
Other assets	25,819	24,048
Total assets	2,010,542	1,404,591
Liabilities
Accounts payable and accrued liabilities	29,263	43,174
Debt	584,274	592,867
Maintenance deposits	35,208	35,575
Security deposits	13,065	13,622
Other liabilities	6,283	5,856
Total liabilities	$ 668,093	$ 691,094
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 June 30, 2015 and December 31, 2014, respectively)	$ 757	$ 535
Additional paid in capital	1,220,629	613,683
Accumulated deficit	(2,332)	0
Accumulated other comprehensive income	78	214
Shareholders' equity	1,219,132	614,432
Non-controlling interest in equity of consolidated subsidiaries	123,317	99,065
Total equity	1,342,449	713,497
Total liabilities and equity	$ 2,010,542	$ 1,404,591

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - $ / shares	Jun. 30, 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 OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Total revenues	$ 33,564	$ 10,735	$ 67,537	$ 18,431
Expenses
Operating expenses	17,600	2,808	32,319	3,345
General and administrative	1,989	721	2,337	948
Acquisition and transaction expenses	1,598	7,140	1,966	10,473
Management fees and incentive allocation to affiliate	3,485	1,086	5,899	1,837
Depreciation and amortization	10,765	2,792	21,327	4,623
Interest expense	4,757	755	9,572	1,572
Total expenses	40,194	15,302	73,420	22,798
Other income
Equity in earnings of unconsolidated entities	1,225	1,527	2,466	3,131
Gain on sale of equipment, net	288	2,255	291	2,215
Interest income	116	8	303	14
Other expense, net	(3)	(11)	(9)	(20)
Total other income	1,626	3,779	3,051	5,340
(Loss) Income before income taxes	(5,004)	(788)	(2,832)	973
Provision for income taxes	266	399	496	558
Net (loss) income	(5,270)	(1,187)	(3,328)	415
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	(4,433)	165	(7,939)	341
Net (loss) income attributable to shareholders	$ (837)	$ (1,352)	$ 4,611	$ 74
(Loss) Earnings per Share:
Basic and Diluted (in dollars per share)	$ (0.01)	$ (0.03)	$ 0.08	$ 0
Weighted Average Shares Outstanding:
Basic (in shares)	62,879,023	53,502,873	58,216,849	53,502,873
Diluted (in shares)	62,879,023	53,502,873	58,216,918	53,502,873
Equipment Leasing
Revenues
Total revenues	$ 22,633	$ 9,751	$ 45,671	$ 17,447
Infrastructure
Revenues
Total revenues	$ 10,931	$ 984	$ 21,866	$ 984

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (5,270)	$ (1,187)	$ (3,328)	$ 415
Other comprehensive (loss) income:
Change in fair value of cash flow hedge	3	(124)	(136)	(141)
Comprehensive (loss) income	(5,267)	(1,311)	(3,464)	274
Comprehensive (loss) income attributable to non-controlling interest	(4,433)	165	(7,939)	341
Comprehensive (loss) income attributable to shareholders	$ (834)	$ (1,476)	$ 4,475	$ (67)

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Non-Controlling Interest in Equity of Consolidated Subsidiaries
Beginning balance at Dec. 31, 2014	$ 713,497	$ 535	$ 613,683	$ 0	$ 214	$ 99,065
Comprehensive (loss) income:
Net (loss) income for the period	(3,328)		6,943	(2,332)		(7,939)
Other comprehensive (loss) income	(136)				(136)
Comprehensive (loss) income	(3,464)					(7,939)
Capital contributions	325,748		295,879			29,869
Capital distributions	(45,171)		(44,917)			(254)
Issuance of common shares	349,239	222	349,017
Equity-based compensation	2,600		24			2,576
Ending balance at Jun. 30, 2015	$ 1,342,449	$ 757	$ 1,220,629	$ (2,332)	$ 78	$ 123,317

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net (loss) income	$ (3,328,000)	$ 415,000
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of unconsolidated entities	(2,466,000)	(3,131,000)
Gain on sale of equipment	(291,000)	(2,215,000)
Income from forfeiture of security deposit	(1,120,000)	0
Equity-based compensation	2,600,000	0
Depreciation and amortization	21,327,000	4,623,000
Change in current and deferred income taxes	(14,000)	558,000
Change in fair value of non-hedge derivative	9,000	20,000
Amortization of lease intangibles and incentives	3,913,000	856,000
Amortization of deferred financing costs	733,000	73,000
Operating distributions from unconsolidated entities	604,000	4,358,000
Bad debt expense	159,000	43,000
Other	(159,000)	0
Change in:
Accounts receivable	(3,926,000)	(1,982,000)
Other assets	60,000	(9,399,000)
Accounts payable and accrued liabilities	(1,762,000)	11,836,000
Management fees payable to affiliate	(2,138,000)	573,000
Other liabilities	430,000	(52,000)
Net cash provided by operating activities	14,631,000	6,576,000
Cash flows from investing activities:
Change in restricted cash	3,334,000	0
Acquisition of other investment	0	(51,939,000)
Principal collections on finance leases	6,142,000	5,665,000
Acquisition of leasing equipment	(26,234,000)	(58,331,000)
Acquisition of property plant and equipment	(70,621,000)	(300,000)
Acquisition of lease intangibles	0	(3,745,000)
Acquisition of CMQR	0	(11,308,000)
Purchase deposit for aircraft and aircraft engines	(4,756,000)	0
Proceeds from sale of leasing equipment	1,500,000	14,132,000
Proceeds from sale of property, plant and equipment	125,000	93,000
Proceeds from sale of equipment held for sale	0	135,000
Return of capital distributions from unconsolidated entities	1,284,000	2,403,000
Net cash used in investing activities	(89,226,000)	(103,195,000)
Cash flows from financing activities:
Proceeds from debt	200,000	0
Repayment of debt	(8,633,000)	(4,761,000)
Receipt of security deposits	1,025,000	1,074,000
Return of security deposits	(219,000)	(350,000)
Receipt of maintenance deposits	4,330,000	1,174,000
Release of maintenance deposits	(5,842,000)	0
Proceeds from issuance of common shares, net of underwriter's discount	354,057,000	0
Common shares issuance costs	(1,711,000)	0
Capital contributions from shareholders	295,879,000	159,100,000
Capital distributions to shareholders	(44,917,000)	(8,410,000)
Capital contributions from non-controlling interests	29,869,000	0
Capital distributions to non-controlling interests	(254,000)	(233,000)
Net cash provided by financing activities	623,784,000	147,594,000
Net increase in cash and cash equivalents	549,189,000	50,975,000
Cash and cash equivalents, beginning of period	22,125,000	7,236,000
Cash and cash equivalents, end of period	571,314,000	58,211,000
Supplemental disclosure of non-cash investing and financing activities:
Acquisition of leasing equipment	(1,302,000)	(22,020,000)
Acquisition of CMQR	0	(2,991,000)
Acquisition of property, plant and equipment	(59,000)	0
In-kind redemption of other investment	0	2,250,000
Acquisition of other investment	0	(600,000)
Settled and assumed security deposits	(243,000)	940,000
Billed and assumed maintenance deposits	1,144,000	13,042,000
Common share issuance costs	(3,107,000)	0
Change in fair value of cash flow hedge	$ (136,000)	$ (141,000)

ORGANIZATION

ORGANIZATION	6 Months Ended
ORGANIZATION	Jun. 30, 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 owned by an affiliate of Fortress. Initial Public Offering (“IPO”) 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, (i) 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 (ii) 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 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. At June 30, 2015 , the Company was owned 29.3% by public shareholders and 70.7% by the Initial Shareholders.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting —-The unaudited consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The consolidated balance sheet at December 31, 2014 has been derived from audited financial statements but does not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company’s financial position, results of operations and cash flows have been included and are of a normal and recurring nature. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. The interim financial information contained herein should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2014 included in Amendment No. 7 to the Company’s Registration Statement on Form S-1, filed with the SEC on May 14, 2015. Principles of Consolidation —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 (“VIEs”) 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 partner with a $3,725 loan which was utilized by the 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 June 30, 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. Restricted Cash —Restricted cash of $17,750 and $21,084 at June 30, 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). Goodwill —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. Impairment is expensed when incurred. During the six months ended June 30, 2015 , there was no impairment of goodwill. 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 three and six months ended June 30, 2015 , the Company earned approximately 25.6% and 24.4% , respectively, of its revenue from two customers in the following segments; one each in offshore energy and Jefferson Terminal. During the three and six months ended June 30, 2014 , the Company earned approximately 58.7% and 59.1% , respectively, of its revenue from four customers in the following segments; two in aviation leasing, one in shipping containers, and one in offshore energy. 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 June 30, 2015 and December 31, 2014 was $39 and $111 , respectively. Bad debt expense for the three and six months ended June 30, 2015 was $155 and $159 , respectively. Bad debt expense for the three and six months ended June 30, 2014 was $ 0 and $43 , respectively. 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 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 $35 and $72 , which impacted accumulated other comprehensive income during the three and six months ended June 30, 2015 , respectively. During the three and six months ended June 30, 2014 , the Company had reclassification adjustments of $ 44 and $ 88 , 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 $87 and $232 , as of June 30, 2015 and December 31, 2014 , respectively, were recorded within other assets in the Consolidated Balance Sheets. 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 gains/losses reported in accumulated other comprehensive income at June 30, 2015 expected to be reclassified into earnings within the next 12 months is approximately $70 . In the event of a termination of an interest rate derivative prior to its contracted 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. Recent Accounting Pronouncements — In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08 (ASU 2014-08), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, 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 should 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 —In May 2013, the FASB issued a revised exposure draft, Leases (the “Lease ED”), which would replace the existing guidance in the Accounting Standards Codification 840 (“ASC 840”), Leases . Pursuant to the Lease ED, leases would be classified as either leases of property or leases of assets other than property. Leases of property will continue to use operating lease accounting. Leases of assets other than property would use the receivable residual approach. Under the receivable residual approach, a lease receivable would be recognized for the lessor’s right to receive lease payments, a portion of the carrying amount of the underlying asset would be allocated between the right of use granted to the lessee and the lessor’s residual value and profit or loss would only be recognized at commencement if it is reasonably assured. It is anticipated that the final standard would have an effective date no earlier than 2017. When and if the proposed guidance becomes effective, it may have a significant impact on the Company’s consolidated financial statements. 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 July 2015, the FASB approved a one year deferral of ASU 2014-09 making it effective for annual reporting periods beginning on or 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 is currently evaluating the impact of adopting this new guidance on the 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 is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
ACQUISITIONS	Jun. 30, 2015
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS 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. The acquisition of Jefferson Terminal was consummated on August 27, 2014. Jefferson Terminal was purchased for an aggregate purchase price of approximately $607.8 million , including assumed liabilities of $522.0 million (of which $97.6 million relates to pre-existing debt relationships) and equity consideration of $38.2 million . The Company owns a 60% interest in Jefferson Terminal. The remaining 40% interest in Jefferson Terminal is owned by a portion of the retaining shareholders and a private equity fund sponsored by Fortress, each holding an interest of 20% 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 Business Combinations 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 Company’s acquisition accounting for Jefferson Terminal is still preliminary, pending the final determination of certain estimated amounts for property, plant, and equipment, construction in progress, and accrued liabilities. Subsequent to the acquisition, measurement period adjustments as of the acquisition date were made to increase both goodwill and estimated liabilities assumed by $390 .

LEASING EQUIPMENT

LEASING EQUIPMENT	6 Months Ended
LEASING EQUIPMENT	Jun. 30, 2015
Leases [Abstract]
LEASING EQUIPMENT, NET	LEASING EQUIPMENT, NET Leasing equipment, net is summarized as follows: June 30, 2015 Equipment Aviation Leasing Offshore Energy Jefferson Terminal Total Leasing equipment: $ 324,525 $ 182,355 $ 44,327 $ 551,207 Less: Accumulated depreciation (21,983 ) (6,715 ) (992 ) (29,690 ) Leasing equipment, net $ 302,542 $ 175,640 $ 43,335 $ 521,517 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 six months ended June 30, 2015 , the Company acquired ten commercial jet engines and sold one commercial jet engine. Depreciation expense for leasing equipment for the three and six months ended June 30, 2015 was $7,162 and $14,184 respectively. Depreciation expense for leasing equipment for the three and six months ended June 30, 2014 was $2,666 and $4,497 , respectively.

FINANCE LEASES, NET

FINANCE LEASES, NET	6 Months Ended
FINANCE LEASES, NET	Jun. 30, 2015
Leases [Abstract]
FINANCE LEASES, NET	FINANCE LEASES, NET Finance leases, net are summarized as follows: June 30, 2015 Offshore Energy Shipping Containers Total Finance leases $ 21,049 $ 99,706 $ 120,755 Unearned revenue (10,747 ) (13,337 ) (24,084 ) Finance leases, net $ 10,302 $ 86,369 $ 96,671 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 June 30, 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 2015 $ 1,012 $ 17,374 $ 18,386 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 Thereafter 12,000 — 12,000 Total $ 21,049 $ 99,706 $ 120,755

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	6 Months Ended
PROPERTY, PLANT AND EQUIPMENT, NET	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net is summarized as follows: June 30, 2015 Railroad Jefferson Terminal Total Land and improvements $ 5,484 $ 14,014 $ 19,498 Construction in progress 2,921 60,976 63,897 Buildings and improvements 436 2,193 2,629 Crude oil terminal machinery and equipment — 187,692 187,692 Track and track related assets 12,302 — 12,302 Railroad equipment 1,157 — 1,157 Railcars and locomotives 1,307 — 1,307 Computer hardware and software 19 34 53 Furniture and fixtures — 317 317 Vehicles 379 258 637 24,005 265,484 289,489 Less: accumulated depreciation (1,871 ) (5,592 ) (7,463 ) Property, plant and equipment, net $ 22,134 $ 259,892 $ 282,026 December 31, 2014 Railroad Jefferson Terminal Total Land and improvements $ 5,484 $ 9,573 $ 15,057 Construction in progress — 146,663 146,663 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 20,824 209,611 230,435 Less: accumulated depreciation (962 ) (1,145 ) (2,107 ) Property, plant and equipment, net $ 19,862 $ 208,466 $ 228,328 During six months ended June 30, 2015 additional property, plant and equipment of $59,170 was acquired, and is mainly related to land and improvements and crude oil machinery and equipment. During the six months ended June 30, 2015 , disposals of railroad equipment totaled $116 . Depreciation expense for property, plant and equipment was $2,705 and $5,350 , for the three and six months ended June 30, 2015 , respectively. Depreciation expense for property, plant and equipment was $ 120 and $ 120 , for the three and six months ended June 30, 2014 , respectively.

INVESTMENTS IN UNCONSOLIDATED E

INVESTMENTS IN UNCONSOLIDATED ENTITIES	6 Months Ended
INVESTMENTS IN UNCONSOLIDATED ENTITIES	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED ENTITIES	INVESTMENTS IN UNCONSOLIDATED ENTITIES The following table presents the ownership interest and carrying values of the Company’s investment in unconsolidated entities: Carrying Value Date Acquired Ownership Percentage June 30, 2015 December 31, 2014 Intermodal Finance I, Ltd. September 2012 51% $ 22,147 $ 21,569 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 66,000 shipping containers as well as a portfolio of approximately 38,000 shipping containers subject to multiple operating leases. Summary financial information for Intermodal Finance I, Ltd. is as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenue Total revenues $ 4,176 $ 5,305 $ 8,494 $ 10,817 Expenses Operating expenses 233 315 426 722 General and administrative 212 208 373 416 Depreciation and amortization 602 673 1,199 1,337 Interest expense 815 1,256 1,858 2,496 Loss on disposal of equipment 51 — 51 — Total expenses 1,913 2,452 3,907 4,971 Other income 34 — 34 — Total other income 34 — 34 — Net income 2,297 2,853 4,621 5,846 Comprehensive income $ 2,297 $ 2,853 $ 4,621 $ 5,846 Company's equity in earnings $ 1,225 $ 1,527 $ 2,466 $ 3,131 June 30, December 31, 2015 2014 Assets Cash and cash equivalents $ 4,203 $ 5,214 Restricted cash 1,968 2,320 Accounts receivable 932 1,051 Other receivables 1,061 — Leasing assets, net of accumulated depreciation of $5,505 and $4,449, respectively 72,850 74,045 Finance leases, net 48,885 62,393 Deferred costs, net of accumulated amortization of $724 and $602, respectively 1,277 1,524 Other assets 2 8 Total assets $ 131,178 $ 146,555 Liabilities Accounts payable and accrued liabilities 182 157 Syndication liabilities 4,182 5,152 Debt 102,181 120,303 Other liabilities 424 383 Total liabilities 106,969 125,995 Members’ Equity Members’ equity 24,209 20,560 Total members’ equity 24,209 20,560 Total liabilities and members’ equity $ 131,178 $ 146,555 Company’s investment in and advances to unconsolidated entities $ 22,147 $ 21,569

INTANGIBLE ASSETS AND LIABILITI

INTANGIBLE ASSETS AND LIABILITIES, NET	6 Months Ended
INTANGIBLE ASSETS AND LIABILITIES, NET	Jun. 30, 2015
Intangible Assets and Liabilities Disclosure [Abstract]
INTANGIBLE ASSETS AND LIABILITIES, NET	INTANGIBLE ASSETS AND LIABILITIES, NET The Company’s intangible assets and liabilities, net are summarized as follows: June 30, 2015 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets: Acquired favorable lease intangibles $ 20,435 $ — $ — $ 20,435 Accumulated amortization (6,636 ) — — (6,636 ) Total acquired favorable lease intangibles, net 13,799 — — 13,799 Customer relationships — 35,385 225 35,610 Accumulated amortization — (2,948 ) (53 ) (3,001 ) Total acquired customer relationships, net — 32,437 172 32,609 Total intangible assets, net $ 13,799 $ 32,437 $ 172 $ 46,408 Intangible liabilities: Acquired unfavorable lease intangibles $ 261 $ — $ — $ 261 Accumulated amortization (71 ) — — (71 ) Total acquired unfavorable lease intangibles, net $ 190 $ — $ — $ 190 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 — 35,385 225 35,610 Accumulated amortization — (1,180 ) (28 ) (1,208 ) Total acquired customer relationships, net — 34,205 197 34,402 Total intangible assets, net $ 17,639 $ 34,205 $ 197 $ 52,041 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 recorded in the Consolidated Statements of Operations is as follows: Three Months Ended June 30, Six Months Ended June 30, Classification in Consolidated Statements of Operations 2015 2014 2015 2014 Lease intangibles $ 1,697 $ 704 $ 3,793 $ 856 Equipment leasing revenues Customer relationships 898 6 1,793 6 Depreciation and amortization Total $ 2,595 $ 710 $ 5,586 $ 862 As of June 30, 2015 , estimated net annual amortization of intangibles is as follows: June 30, 2015 2015 $ 4,380 2016 8,093 2017 6,491 2018 6,142 2019 4,568 Thereafter 16,544 Total $ 46,218

DEBT

DEBT	6 Months Ended
DEBT	Jun. 30, 2015
Debt Disclosure [Abstract]
DEBT	DEBT Debt is summarized as follows: June 30, 2015 December 31, 2014 Loans payable Container Loan #1 $ 38,400 $ 42,040 Container Loan #2 17,947 19,115 FTAI Pride Credit Agreement 70,313 73,438 CMQR Credit Agreement 9,473 9,416 Jefferson Terminal Credit Agreement 99,250 99,750 Total loans payable 235,383 243,759 Bonds payable Series 2010 Bonds 298,000 298,000 Series 2012 Bonds (including unamortized premium of $1,776 and $1,791 at June 30, 2015 and December 31, 2014, respectively) 48,506 48,521 Total bonds payable 346,506 346,521 Note payable to non-controlling interest Note payable to non-controlling interest 2,385 2,587 Total note payable to non-controlling interest 2,385 2,587 Total debt $ 584,274 $ 592,867 Total debt due within one year $ 23,508 $ 23,915

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	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 measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 , by level within the fair value hierarchy. Assets 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 June 30, 2015 June 30, 2015 Total Level 1 Level 2 Level 3 Valuation Technique Assets: Cash and cash equivalents $ 571,314 $ 571,314 $ — $ — Market Restricted cash 17,750 17,750 — — Market Derivative assets 87 — 87 — Income Total $ 589,151 $ 589,064 $ 87 $ — 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 $ 43,441 $ 43,209 $ 232 $ — At June 30, 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 initial maturities of 90 days or less 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, tendered bonds, 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. The Company’s note receivable at June 30, 2015 and December 31, 2014 , which is included as a component of other assets in the accompanying Consolidated Balance Sheet, consists 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. The fair value of this note receivable approximates its carrying value due to it 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 in the Consolidated Balance Sheet at June 30, 2015 and December 31, 2014 , was approximately $38,773 and $42,515 , respectively, and $18,090 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 in the Consolidated Balance Sheet, was approximately $49,178 at June 30, 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 in the Consolidated Balance Sheet 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 equipment held for lease owned by the Company. 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 six months ended June 30, 2015 and 2014 , no impairment charges were recognized.

REVENUES

REVENUES	6 Months Ended
REVENUES	Jun. 30, 2015
Revenue Disclosure [Abstract]
REVENUES	REVENUES Components of revenue are as follows: Three Months Ended June 30, 2015 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Total Equipment leasing revenues Lease income $ 9,808 $ 6,337 $ — $ — $ — $ 16,145 Maintenance revenue 3,999 — — — — 3,999 Finance lease income — 419 1,869 — — 2,288 Other revenue — 176 25 — — 201 Total equipment leasing revenues $ 13,807 $ 6,932 $ 1,894 $ — $ — $ 22,633 Infrastructure revenues Lease income — — — 1,410 — 1,410 Rail revenues — — — — 5,558 5,558 Terminal services revenues — — — 3,963 — 3,963 Total infrastructure revenues $ — $ — $ — $ 5,373 $ 5,558 $ 10,931 Total revenues $ 13,807 $ 6,932 $ 1,894 $ 5,373 $ 5,558 $ 33,564 Three Months Ended June 30, 2014 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Total Equipment leasing revenues Lease income $ 3,947 $ 1,866 $ — $ — $ — $ 5,813 Maintenance revenue 1,377 — — — — 1,377 Finance lease income — 438 2,099 — — 2,537 Other revenue — — 24 — — 24 Total equipment leasing revenues $ 5,324 $ 2,304 $ 2,123 $ — $ — $ 9,751 Infrastructure revenues Lease income — — — — — — Rail revenues — — — — 984 984 Terminal services revenues — — — — — — Total infrastructure revenues $ — $ — $ — $ — $ 984 $ 984 Total revenues $ 5,324 $ 2,304 $ 2,123 $ — $ 984 $ 10,735 Six Months Ended June 30, 2015 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Total Equipment leasing revenues Lease income $ 19,547 $ 12,603 $ — $ — $ — $ 32,150 Maintenance revenue 7,385 — — — — 7,385 Finance lease income — 829 3,770 — — 4,599 Other revenue 1,120 367 50 — — 1,537 Total equipment leasing revenues $ 28,052 $ 13,799 $ 3,820 $ — $ — $ 45,671 Infrastructure revenues Lease income — — — 2,820 — 2,820 Rail revenues — — — — 11,847 11,847 Terminal services revenues — — — 7,199 — 7,199 Total infrastructure revenues — — — $ 10,019 $ 11,847 $ 21,866 Total revenues $ 28,052 $ 13,799 $ 3,820 $ 10,019 $ 11,847 $ 67,537 Six Months Ended June 30, 2014 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Total Equipment leasing revenues Lease income $ 5,987 $ 3,711 $ — $ — $ — $ 9,698 Maintenance revenue 2,604 — — — — 2,604 Finance lease income — 865 4,230 — — 5,095 Other revenue — — 50 — — 50 Total equipment leasing revenues $ 8,591 $ 4,576 $ 4,280 $ — $ — $ 17,447 Infrastructure revenues Lease income — — — — — — Rail revenues — — — — 984 984 Terminal services revenues — — — — — — Total infrastructure revenues — — — $ — $ 984 $ 984 Total revenues $ 8,591 $ 4,576 $ 4,280 $ — $ 984 $ 18,431 Minimum future annual revenues contracted to be received under existing operating leases of equipment at June 30, 2015 are as follows: June 30, 2015 2015 $ 27,768 2016 44,413 2017 31,513 2018 23,768 2019 9,857 Thereafter 3,218 $ 140,537

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	6 Months Ended
EQUITY-BASED COMPENSATION	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EQUITY-BASED COMPENSATION	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 June 30, 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: Six Months Ended June 30, 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 June 30, 2015 15,000 9.92 $ 17 Restricted Shares The Company has granted employees of a subsidiary equity based compensation 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 June 30, 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 June 30, 2015 and December 31, 2014 . The awards have an assumed forfeiture rate of zero . Common Units The Company has granted employees of a subsidiary equity based compensation consisting of 1.4 million common units of such subsidiary’s equity instruments with an aggregate grant date fair value of $1,752 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 . 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. Net Income includes the following expense related to the Company’s stock-based compensation arrangements: Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Remaining Expense To Be Recognized, If All Vesting Conditions Are Met Stock Options $ 24 $ 24 $ — Restricted Shares 919 1,772 21,769 Common Units 237 804 721

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The current and deferred components of the income tax expense included in the Consolidated Statements of Operations are as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current: Federal $ 20 $ 297 $ 49 $ 348 State and local 43 14 51 15 Foreign 124 — 239 — Total current provision 187 311 339 363 Deferred: Federal 29 78 44 185 State and local 2 10 1 10 Foreign 48 — 112 — Total deferred provision 79 88 157 195 Total provision for income taxes $ 266 $ 399 $ 496 $ 558 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 Company’s effective tax rate differs from the U.S. federal tax rate of 35% primarily due to a significant portion of its income that is not subject to U.S. corporate tax rates or that is deemed to be foreign sourced and is either not taxable or taxable at effectively lower tax rates. As of and for the six months ended June 30, 2015 , 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 foreign income tax examinations by tax authorities. Generally, the Company is not subject to examination by taxing authorities for tax years prior to 2011. 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 AFFILI

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	6 Months Ended
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	Jun. 30, 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 three and six months ended June 30, 2015 , pre-IPO management fees were $1,459 and $3,873 , respectively. As of December 31, 2014 , $3,626 of accrued management fees were included in Accounts payable and accrued liabilities in the Consolidated Balance Sheets. 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 Company (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 Company, 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 returns 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 six months ended June 30, 2015 and 2014 , 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 both the three and six months ended June 30, 2015 were $2,026 . 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) gains and losses, realized or unrealized and (2) certain non-cash or one-time items, and 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 post-IPO Income Incentive Allocation was due to the Master GP for the three months ended June 30, 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 three and six months ended June 30, 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 the three and six months ended June 30, 2015 , expense reimbursement of $642 was recorded in General and Administrative and $221 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 June 30, 2015 and December 31, 2014 , amounts receivable from the Manager or its affiliates of $0 and $335 , respectively, are included within other assets in the Consolidated Balance Sheet. As of June 30, 2015 and December 31, 2014 , amounts due to the Manager or its affiliates of $1,065 and $160 , excluding accrued management fees, respectively, are included within other liabilities in the Consolidated Balance Sheet. Other Affiliate Transactions As of June 30, 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 June 30, 2015 and December 31, 2014 was $70,860 and $54,273 . For the three and six months ending June 30, 2015 , the amount of this non-controlling interest share of net loss was $(2,007) and $(3,556) . A non-controlling interest holder of Jefferson Terminal provides construction services for Jefferson Terminal. At June 30, 2015 and December 31, 2014 , accounts payable due to this vendor was $5,212 and $14,025 , respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
SEGMENT INFORMATION	Jun. 30, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	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. These changes have been reflected within the following tables, and the accompanying 2014 tables have been conformed to the current presentation described above. 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 Three Months Ended June 30, 2015 Three Months Ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Equipment leasing revenues $ 13,807 $ 6,932 $ 1,894 $ — $ — $ — $ 22,633 Infrastructure revenues — — — 5,373 5,558 — 10,931 Total revenues 13,807 6,932 1,894 5,373 5,558 — 33,564 Expenses Operating expenses 377 390 117 9,501 7,215 — 17,600 General and administrative — — — — — 1,989 1,989 Acquisition and transaction expenses — — — — — 1,598 1,598 Management fees and incentive allocation to affiliate — — — — — 3,485 3,485 Depreciation and amortization 5,396 1,489 — 3,461 419 — 10,765 Interest expense — 952 625 3,019 161 — 4,757 Total expenses 5,773 2,831 742 15,981 7,795 7,072 40,194 Other income Equity in earnings of unconsolidated entities — — 1,225 — — — 1,225 Gain on sale of equipment, net 284 — — — 4 — 288 Interest income — 114 — 2 — — 116 Other expense, net — — (2 ) (1 ) — — (3 ) Total other income 284 114 1,223 1 4 — 1,626 Income (loss) before income taxes 8,318 4,215 2,375 (10,607 ) (2,233 ) (7,072 ) (5,004 ) Provision for income taxes 198 — 19 49 — — 266 Net income (loss) 8,120 4,215 2,356 (10,656 ) (2,233 ) (7,072 ) (5,270 ) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries — 189 — (4,545 ) (79 ) 2 (4,433 ) Net income (loss) attributable to shareholders $ 8,120 $ 4,026 $ 2,356 $ (6,111 ) $ (2,154 ) $ (7,074 ) $ (837 ) The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders: Three Months Ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Adjusted Net Income (Loss) $ 8,288 $ 4,026 $ 2,376 $ (5,741 ) $ (1,928 ) $ (5,452 ) $ 1,569 Add: Non-controlling share of adjustments to Adjusted Net Income 326 Add: Equity in earnings of unconsolidated entities 1,225 Add: Cash payments for income taxes 313 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (1,225 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (1 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (1,598 ) Less: Equity-based compensation expense (1,180 ) Less: Provision for income taxes (266 ) Net Loss attributable to shareholders $ (837 ) Summary information with respect to the Company’s geographic sources of revenue is as follows: Three Months Ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Africa $ 2,682 $ — $ — $ — $ — $ — $ 2,682 Asia 5,768 1,866 1,349 — — — 8,983 Europe 4,620 4,635 — — — — 9,255 North America 613 431 545 5,373 5,558 — 12,520 South America 124 — — — — — 124 Total revenues $ 13,807 $ 6,932 $ 1,894 $ 5,373 $ 5,558 $ — $ 33,564 II. For the Six months ended June 30, 2015 Six months ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Equipment leasing revenues $ 28,052 $ 13,799 $ 3,820 $ — $ — $ — $ 45,671 Infrastructure revenues — — — 10,019 11,847 — 21,866 Total revenues 28,052 13,799 3,820 10,019 11,847 — 67,537 Expenses Operating expenses 715 961 170 16,174 14,299 — 32,319 General and administrative — — — — — 2,337 2,337 Acquisition and transaction expenses — — — — — 1,966 1,966 Management fees and incentive allocation to affiliate — — — — — 5,899 5,899 Depreciation and amortization 10,652 2,978 — 6,769 928 — 21,327 Interest expense — 1,908 1,267 6,106 291 — 9,572 Total expenses 11,367 5,847 1,437 29,049 15,518 10,202 73,420 Other income Equity in earnings of unconsolidated entities — — 2,466 — — — 2,466 Gain on sale of equipment, net 284 — — — 7 — 291 Interest income 8 253 — 42 — — 303 Other expense, net — — (9 ) — — — (9 ) Total other income 292 253 2,457 42 7 — 3,051 Income (loss) before income taxes 16,977 8,205 4,840 (18,988 ) (3,664 ) (10,202 ) (2,832 ) Provision for income taxes 412 — 35 49 — — 496 Net income (loss) 16,565 8,205 4,805 (19,037 ) (3,664 ) (10,202 ) (3,328 ) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries — 370 — (8,199 ) (112 ) 2 (7,939 ) Net income (loss) attributable to shareholders $ 16,565 $ 7,835 $ 4,805 $ (10,838 ) $ (3,552 ) $ (10,204 ) $ 4,611 The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders: Six months ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Adjusted Net Income (Loss) $ 16,750 $ 7,835 $ 4,849 $ (9,956 ) $ (2,772 ) $ (8,214 ) $ 8,492 Add: Non-controlling share of adjustments to Adjusted Net Income 680 Add: Equity in earnings of unconsolidated entities 2,466 Add: Cash payments for income taxes 510 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (2,466 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (9 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (1,966 ) Less: Equity-based compensation expense (2,600 ) Less: Provision for income taxes (496 ) Net Income attributable to shareholders $ 4,611 Summary information with respect to the Company’s geographic sources of revenue is as follows: Six months ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Africa $ 5,798 $ — $ — $ — $ — $ — $ 5,798 Asia 11,756 3,710 2,727 — — — 18,193 Europe 9,146 9,248 — — — — 18,394 North America 1,093 841 1,093 10,019 11,847 — 24,893 South America 259 — — — — — 259 Total revenues $ 28,052 $ 13,799 $ 3,820 $ 10,019 $ 11,847 $ — $ 67,537 II. For the Three Months Ended June 30, 2014 Three Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Equipment leasing revenues $ 5,324 $ 2,304 $ 2,123 $ — $ — $ — $ 9,751 Infrastructure revenues — — — — 984 — 984 Total revenues 5,324 2,304 2,123 — 984 — 10,735 Expenses Operating expenses 460 160 61 51 2,076 — 2,808 General and administrative — — — — — 721 721 Acquisition and transaction expenses — — — 4,068 2,899 173 7,140 Management fees and incentive allocation to affiliate — — — — — 1,086 1,086 Depreciation and amortization 2,246 375 — 45 126 — 2,792 Interest expense — 35 720 — — — 755 Total expenses 2,706 570 781 4,164 5,101 1,980 15,302 Other income Equity in earnings of unconsolidated entities — — 1,527 — — — 1,527 Gain on sale of equipment, net 2,255 — — — — — 2,255 Interest income 8 — — — — — 8 Other expense, net — — (11 ) — — — (11 ) Total other income 2,263 — 1,516 — — — 3,779 Income (loss) before income taxes 4,881 1,734 2,858 (4,164 ) (4,117 ) (1,980 ) (788 ) Provision for income taxes 281 — 16 102 — — 399 Net income (loss) 4,600 1,734 2,842 (4,266 ) (4,117 ) (1,980 ) (1,187 ) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries — 165 — — — — 165 Net income (loss) attributable to shareholders $ 4,600 $ 1,569 $ 2,842 $ (4,266 ) $ (4,117 ) $ (1,980 ) $ (1,352 ) The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders: Three Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Adjusted Net Income (Loss) $ 4,881 $ 1,569 $ 2,869 $ (96 ) $ (1,218 ) $ (1,807 ) $ 6,198 Add: Non-controlling share of adjustments to Adjusted Net Income — Add: Equity in earnings of unconsolidated entities 1,527 Add: Cash payments for income taxes — Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (1,527 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (11 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (7,140 ) Less: Equity-based compensation expense — Less: Provision for income taxes (399 ) Net Loss attributable to shareholders $ (1,352 ) Summary information with respect to the Company’s geographic sources of revenue is as follows: Three Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Africa $ 2,229 $ — $ — $ — $ — $ — $ 2,229 Asia 958 1,866 1,524 — — — 4,348 Europe 1,127 — — — — — 1,127 North America 1,010 438 599 — 984 — 3,031 South America — — — — — — — Total revenues $ 5,324 $ 2,304 $ 2,123 $ — $ 984 $ — $ 10,735 III. For the Six months ended June 30, 2014 Six Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Equipment leasing revenues $ 8,591 $ 4,576 $ 4,280 $ — $ — $ 17,447 Infrastructure revenues — — — — 984 984 Total revenues 8,591 4,576 4,280 — 984 — 18,431 Expenses Operating expenses 853 246 119 51 2,076 — 3,345 General and administrative — — — — — 948 948 Acquisition and transaction expenses — — — 5,130 5,208 135 10,473 Management fees and incentive allocation to affiliate — — — — — 1,837 1,837 Depreciation and amortization 3,703 749 — 45 126 — 4,623 Interest expense — 71 1,456 — — 45 1,572 Total expenses 4,556 1,066 1,575 5,226 7,410 2,965 22,798 Other income Equity in earnings of unconsolidated entities — — 3,131 — — — 3,131 Gain on sale of equipment, net 2,215 — — — — — 2,215 Interest income 14 — — — — — 14 Other expense, net — — (20 ) — — — (20 ) Total other income 2,229 — 3,111 — — — 5,340 Income (loss) before income taxes 6,264 3,510 5,816 (5,226 ) (6,426 ) (2,965 ) 973 Provision for income taxes 338 — 118 102 — — 558 Net income (loss) 5,926 3,510 5,698 (5,328 ) (6,426 ) (2,965 ) 415 Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries — 341 — — — — 341 Net income (loss) attributable to shareholders $ 5,926 $ 3,169 $ 5,698 $ (5,328 ) $ (6,426 ) $ (2,965 ) $ 74 The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders: Six Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Adjusted Net Income (Loss) $ 6,264 $ 3,169 $ 5,836 $ (96 ) $ (1,218 ) $ (2,830 ) $ 11,125 Add: Non-controlling share of adjustments to Adjusted Net Income — Add: Equity in earnings of unconsolidated entities 3,131 Add: Cash payments for income taxes — Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (3,131 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (20 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (10,473 ) Less: Equity-based compensation expense — Less: Provision for income taxes (558 ) Net Income attributable to shareholders $ 74 Summary information with respect to the Company’s geographic sources of revenue is as follows: Six Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Africa $ 2,311 $ — $ — $ — $ — $ — $ 2,311 Asia 1,177 3,711 3,074 — — — 7,962 Europe 3,581 — — — — — 3,581 North America 1,522 865 1,206 — 984 — 4,577 South America — — — — — — — Total revenues $ 8,591 $ 4,576 $ 4,280 $ — $ 984 $ — $ 18,431 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 and equipment held for lease as of June 30, 2015 and December 31, 2014 : June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Total assets $ 327,942 $ 208,801 $ 111,639 $ 783,386 $ 29,345 $ 549,429 $ 2,010,542 Debt — 72,698 56,347 445,756 9,473 — 584,274 Total liabilities 49,245 76,662 56,723 460,405 18,598 6,460 668,093 Non-controlling interests in equity of consolidated subsidiaries — 7,435 — 113,953 1,319 610 123,317 Total equity 278,697 132,139 54,916 322,981 10,747 542,969 1,342,449 Total liabilities and equity $ 327,942 $ 208,801 $ 111,639 $ 783,386 $ 29,345 $ 549,429 $ 2,010,542 June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Property, plant and equipment and equipment held for lease, net Africa $ 47,509 $ — $ — $ — $ — $ — $ 47,509 Asia 114,235 39,888 — — — — 154,123 Europe 108,833 135,752 — — — — 244,585 North America 27,301 — — 303,227 22,134 — 352,662 South America 4,664 — — — — — 4,664 Total property, plant and equipment and equipment held for lease, net $ 302,542 $ 175,640 $ — $ 303,227 $ 22,134 $ — $ 803,543 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 $ 721,117 $ 30,605 $ 13,915 $ 1,404,591 Debt — 76,024 61,154 446,272 9,417 — 592,867 Total liabilities 50,282 81,903 61,434 470,561 19,499 7,415 691,094 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 $ 721,117 $ 30,605 $ 13,915 $ 1,404,591 December 31, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Property, plant and equipment and equipment held for lease, net Africa $ 47,945 $ — $ — $ — $ — $ — $ 47,945 Asia 119,232 40,637 — — — — 159,869 Europe 105,762 137,981 — — — — 243,743 North America 13,335 — — 252,354 19,862 — 285,551 South America 599 — — — — — 599 Total property, plant and equipment and equipment held for lease, net $ 286,873 $ 178,618 $ — $ 252,354 $ 19,862 $ — $ 737,707

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings (loss) per share (“EPS”) is calculated by dividing net income (loss) attributable to the Company by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing net income (loss) 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 is retrospectively presenting 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). Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net Income (loss) Attributable to Shareholders $ (837 ) $ (1,352 ) $ 4,611 $ 74 Weighted Average Shares Outstanding - Basic 62,879,023 53,502,873 58,216,849 53,502,873 Weighted Average Shares Outstanding - Diluted 62,879,023 53,502,873 58,216,918 53,502,873 Basic and Diluted EPS $ (0.01 ) $ (0.03 ) $ 0.08 $ — For the three months ended June 30, 2015, 136 shares have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In the normal course of business the Company and its subsidiaries are involved in various claims, legal proceedings, or may enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. The Company’s maximum exposure under these arrangements is unknown as such arrangements would involve future claims that may be made against the Company that have not yet occurred. The Company believes the risk of loss in connection with such arrangements to be remote. In connection with the formation of MT6015, a consolidated VIE (Note 2), the Company and its joint venture partner are each obligated to fund additional equity contributions of $11,925 . Two of the Company’s subsidiaries are lessees under various operating and capital leases. As of June 30, 2015 , minimum future rental payments under these leases are as follows: June 30, 2015 2015 $ 2,617 2016 5,071 2017 5,041 2018 4,035 2019 3,906 Thereafter 47,681 $ 68,351

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On August 11, 2015, the Company’s Board of Directors declared a cash dividend on its common stock of $0.15 per share for the quarter ended June 30, 2015, payable on August 31, 2015 to the holders of record on August 21, 2015.

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Accounting	The unaudited consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The consolidated balance sheet at December 31, 2014 has been derived from audited financial statements but does not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company’s financial position, results of operations and cash flows have been included and are of a normal and recurring nature. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. The interim financial information contained herein should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2014 included in Amendment No. 7 to the Company’s Registration Statement on Form S-1, filed with the SEC on May 14, 2015.
Principles of Consolidation	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 (“VIEs”) 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.
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.
Goodwill	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. Impairment is expensed when incurred.
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 three and six months ended June 30, 2015 , the Company earned approximately 25.6% and 24.4% , respectively, of its revenue from two customers in the following segments; one each in offshore energy and Jefferson Terminal. During the three and six months ended June 30, 2014 , the Company earned approximately 58.7% and 59.1% , respectively, of its revenue from four customers in the following segments; two in aviation leasing, one in shipping containers, and one in offshore energy. 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.
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 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 $87 and $232 , as of June 30, 2015 and December 31, 2014 , respectively, were recorded within other assets in the Consolidated Balance Sheets. 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 gains/losses reported in accumulated other comprehensive income at June 30, 2015 expected to be reclassified into earnings within the next 12 months is approximately $70 . In the event of a termination of an interest rate derivative prior to its contracted 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.
Accounting Pronouncements	Recent Accounting Pronouncements — In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08 (ASU 2014-08), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, 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 should 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 —In May 2013, the FASB issued a revised exposure draft, Leases (the “Lease ED”), which would replace the existing guidance in the Accounting Standards Codification 840 (“ASC 840”), Leases . Pursuant to the Lease ED, leases would be classified as either leases of property or leases of assets other than property. Leases of property will continue to use operating lease accounting. Leases of assets other than property would use the receivable residual approach. Under the receivable residual approach, a lease receivable would be recognized for the lessor’s right to receive lease payments, a portion of the carrying amount of the underlying asset would be allocated between the right of use granted to the lessee and the lessor’s residual value and profit or loss would only be recognized at commencement if it is reasonably assured. It is anticipated that the final standard would have an effective date no earlier than 2017. When and if the proposed guidance becomes effective, it may have a significant impact on the Company’s consolidated financial statements. 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 July 2015, the FASB approved a one year deferral of ASU 2014-09 making it effective for annual reporting periods beginning on or 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 is currently evaluating the impact of adopting this new guidance on the 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 is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.

LEASING EQUIPMENT, NET (Tables)

LEASING EQUIPMENT, NET (Tables)	6 Months Ended
LEASING EQUIPMENT, NET (Tables)	Jun. 30, 2015
Leases [Abstract]
Summary of Leasing Equipment	Leasing equipment, net is summarized as follows: June 30, 2015 Equipment Aviation Leasing Offshore Energy Jefferson Terminal Total Leasing equipment: $ 324,525 $ 182,355 $ 44,327 $ 551,207 Less: Accumulated depreciation (21,983 ) (6,715 ) (992 ) (29,690 ) Leasing equipment, net $ 302,542 $ 175,640 $ 43,335 $ 521,517 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)

FINANCE LEASES, NET (Tables)	6 Months Ended
FINANCE LEASES, NET (Tables)	Jun. 30, 2015
Leases [Abstract]
Schedule of Capital Leases, Lessor Balance Sheet	Finance leases, net are summarized as follows: June 30, 2015 Offshore Energy Shipping Containers Total Finance leases $ 21,049 $ 99,706 $ 120,755 Unearned revenue (10,747 ) (13,337 ) (24,084 ) Finance leases, net $ 10,302 $ 86,369 $ 96,671 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 June 30, 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 2015 $ 1,012 $ 17,374 $ 18,386 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 Thereafter 12,000 — 12,000 Total $ 21,049 $ 99,706 $ 120,755 Two of the Company’s subsidiaries are lessees under various operating and capital leases. As of June 30, 2015 , minimum future rental payments under these leases are as follows: June 30, 2015 2015 $ 2,617 2016 5,071 2017 5,041 2018 4,035 2019 3,906 Thereafter 47,681 $ 68,351

PROPERTY, PLANT AND EQUIPMENT29

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	6 Months Ended
PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net is summarized as follows: June 30, 2015 Railroad Jefferson Terminal Total Land and improvements $ 5,484 $ 14,014 $ 19,498 Construction in progress 2,921 60,976 63,897 Buildings and improvements 436 2,193 2,629 Crude oil terminal machinery and equipment — 187,692 187,692 Track and track related assets 12,302 — 12,302 Railroad equipment 1,157 — 1,157 Railcars and locomotives 1,307 — 1,307 Computer hardware and software 19 34 53 Furniture and fixtures — 317 317 Vehicles 379 258 637 24,005 265,484 289,489 Less: accumulated depreciation (1,871 ) (5,592 ) (7,463 ) Property, plant and equipment, net $ 22,134 $ 259,892 $ 282,026 December 31, 2014 Railroad Jefferson Terminal Total Land and improvements $ 5,484 $ 9,573 $ 15,057 Construction in progress — 146,663 146,663 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 20,824 209,611 230,435 Less: accumulated depreciation (962 ) (1,145 ) (2,107 ) Property, plant and equipment, net $ 19,862 $ 208,466 $ 228,328

INVESTMENTS IN UNCONSOLIDATED30

INVESTMENTS IN UNCONSOLIDATED ENTITIES (Tables)	6 Months Ended
INVESTMENTS IN UNCONSOLIDATED ENTITIES (Tables)	Jun. 30, 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 entities: Carrying Value Date Acquired Ownership Percentage June 30, 2015 December 31, 2014 Intermodal Finance I, Ltd. September 2012 51% $ 22,147 $ 21,569 Summary financial information for Intermodal Finance I, Ltd. is as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenue Total revenues $ 4,176 $ 5,305 $ 8,494 $ 10,817 Expenses Operating expenses 233 315 426 722 General and administrative 212 208 373 416 Depreciation and amortization 602 673 1,199 1,337 Interest expense 815 1,256 1,858 2,496 Loss on disposal of equipment 51 — 51 — Total expenses 1,913 2,452 3,907 4,971 Other income 34 — 34 — Total other income 34 — 34 — Net income 2,297 2,853 4,621 5,846 Comprehensive income $ 2,297 $ 2,853 $ 4,621 $ 5,846 Company's equity in earnings $ 1,225 $ 1,527 $ 2,466 $ 3,131 June 30, December 31, 2015 2014 Assets Cash and cash equivalents $ 4,203 $ 5,214 Restricted cash 1,968 2,320 Accounts receivable 932 1,051 Other receivables 1,061 — Leasing assets, net of accumulated depreciation of $5,505 and $4,449, respectively 72,850 74,045 Finance leases, net 48,885 62,393 Deferred costs, net of accumulated amortization of $724 and $602, respectively 1,277 1,524 Other assets 2 8 Total assets $ 131,178 $ 146,555 Liabilities Accounts payable and accrued liabilities 182 157 Syndication liabilities 4,182 5,152 Debt 102,181 120,303 Other liabilities 424 383 Total liabilities 106,969 125,995 Members’ Equity Members’ equity 24,209 20,560 Total members’ equity 24,209 20,560 Total liabilities and members’ equity $ 131,178 $ 146,555 Company’s investment in and advances to unconsolidated entities $ 22,147 $ 21,569

INTANGIBLE ASSETS AND LIABILI31

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)	6 Months Ended
INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)	Jun. 30, 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: June 30, 2015 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets: Acquired favorable lease intangibles $ 20,435 $ — $ — $ 20,435 Accumulated amortization (6,636 ) — — (6,636 ) Total acquired favorable lease intangibles, net 13,799 — — 13,799 Customer relationships — 35,385 225 35,610 Accumulated amortization — (2,948 ) (53 ) (3,001 ) Total acquired customer relationships, net — 32,437 172 32,609 Total intangible assets, net $ 13,799 $ 32,437 $ 172 $ 46,408 Intangible liabilities: Acquired unfavorable lease intangibles $ 261 $ — $ — $ 261 Accumulated amortization (71 ) — — (71 ) Total acquired unfavorable lease intangibles, net $ 190 $ — $ — $ 190 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 — 35,385 225 35,610 Accumulated amortization — (1,180 ) (28 ) (1,208 ) Total acquired customer relationships, net — 34,205 197 34,402 Total intangible assets, net $ 17,639 $ 34,205 $ 197 $ 52,041 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: June 30, 2015 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets: Acquired favorable lease intangibles $ 20,435 $ — $ — $ 20,435 Accumulated amortization (6,636 ) — — (6,636 ) Total acquired favorable lease intangibles, net 13,799 — — 13,799 Customer relationships — 35,385 225 35,610 Accumulated amortization — (2,948 ) (53 ) (3,001 ) Total acquired customer relationships, net — 32,437 172 32,609 Total intangible assets, net $ 13,799 $ 32,437 $ 172 $ 46,408 Intangible liabilities: Acquired unfavorable lease intangibles $ 261 $ — $ — $ 261 Accumulated amortization (71 ) — — (71 ) Total acquired unfavorable lease intangibles, net $ 190 $ — $ — $ 190 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 — 35,385 225 35,610 Accumulated amortization — (1,180 ) (28 ) (1,208 ) Total acquired customer relationships, net — 34,205 197 34,402 Total intangible assets, net $ 17,639 $ 34,205 $ 197 $ 52,041 Intangible liabilities: Acquired unfavorable lease intangibles $ 261 $ — $ — $ 261 Accumulated amortization (24 ) — — (24 ) Total acquired unfavorable lease intangibles, net $ 237 $ — $ — $ 237
Schedule of Intangible Liabilities	Intangible liabilities relate to unfavorable lease intangibles and are included as a component of other liabilities in the accompanying Consolidated Balance Sheets. Amortization recorded in the Consolidated Statements of Operations is as follows: Three Months Ended June 30, Six Months Ended June 30, Classification in Consolidated Statements of Operations 2015 2014 2015 2014 Lease intangibles $ 1,697 $ 704 $ 3,793 $ 856 Equipment leasing revenues Customer relationships 898 6 1,793 6 Depreciation and amortization Total $ 2,595 $ 710 $ 5,586 $ 862
Schedule of Net Annual Amortization of Intangibles	As of June 30, 2015 , estimated net annual amortization of intangibles is as follows: June 30, 2015 2015 $ 4,380 2016 8,093 2017 6,491 2018 6,142 2019 4,568 Thereafter 16,544 Total $ 46,218

DEBT (Tables)

DEBT (Tables)	6 Months Ended
DEBT (Tables)	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt is summarized as follows: June 30, 2015 December 31, 2014 Loans payable Container Loan #1 $ 38,400 $ 42,040 Container Loan #2 17,947 19,115 FTAI Pride Credit Agreement 70,313 73,438 CMQR Credit Agreement 9,473 9,416 Jefferson Terminal Credit Agreement 99,250 99,750 Total loans payable 235,383 243,759 Bonds payable Series 2010 Bonds 298,000 298,000 Series 2012 Bonds (including unamortized premium of $1,776 and $1,791 at June 30, 2015 and December 31, 2014, respectively) 48,506 48,521 Total bonds payable 346,506 346,521 Note payable to non-controlling interest Note payable to non-controlling interest 2,385 2,587 Total note payable to non-controlling interest 2,385 2,587 Total debt $ 584,274 $ 592,867 Total debt due within one year $ 23,508 $ 23,915

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following tables set forth the Company’s financial assets measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 , by level within the fair value hierarchy. Assets 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 June 30, 2015 June 30, 2015 Total Level 1 Level 2 Level 3 Valuation Technique Assets: Cash and cash equivalents $ 571,314 $ 571,314 $ — $ — Market Restricted cash 17,750 17,750 — — Market Derivative assets 87 — 87 — Income Total $ 589,151 $ 589,064 $ 87 $ — 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 $ 43,441 $ 43,209 $ 232 $ —

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
REVENUES (Tables)	Jun. 30, 2015
Revenue Disclosure [Abstract]
Reconciliation of Revenue from Segments to Consolidated	Components of revenue are as follows: Three Months Ended June 30, 2015 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Total Equipment leasing revenues Lease income $ 9,808 $ 6,337 $ — $ — $ — $ 16,145 Maintenance revenue 3,999 — — — — 3,999 Finance lease income — 419 1,869 — — 2,288 Other revenue — 176 25 — — 201 Total equipment leasing revenues $ 13,807 $ 6,932 $ 1,894 $ — $ — $ 22,633 Infrastructure revenues Lease income — — — 1,410 — 1,410 Rail revenues — — — — 5,558 5,558 Terminal services revenues — — — 3,963 — 3,963 Total infrastructure revenues $ — $ — $ — $ 5,373 $ 5,558 $ 10,931 Total revenues $ 13,807 $ 6,932 $ 1,894 $ 5,373 $ 5,558 $ 33,564 Three Months Ended June 30, 2014 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Total Equipment leasing revenues Lease income $ 3,947 $ 1,866 $ — $ — $ — $ 5,813 Maintenance revenue 1,377 — — — — 1,377 Finance lease income — 438 2,099 — — 2,537 Other revenue — — 24 — — 24 Total equipment leasing revenues $ 5,324 $ 2,304 $ 2,123 $ — $ — $ 9,751 Infrastructure revenues Lease income — — — — — — Rail revenues — — — — 984 984 Terminal services revenues — — — — — — Total infrastructure revenues $ — $ — $ — $ — $ 984 $ 984 Total revenues $ 5,324 $ 2,304 $ 2,123 $ — $ 984 $ 10,735 Six Months Ended June 30, 2015 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Total Equipment leasing revenues Lease income $ 19,547 $ 12,603 $ — $ — $ — $ 32,150 Maintenance revenue 7,385 — — — — 7,385 Finance lease income — 829 3,770 — — 4,599 Other revenue 1,120 367 50 — — 1,537 Total equipment leasing revenues $ 28,052 $ 13,799 $ 3,820 $ — $ — $ 45,671 Infrastructure revenues Lease income — — — 2,820 — 2,820 Rail revenues — — — — 11,847 11,847 Terminal services revenues — — — 7,199 — 7,199 Total infrastructure revenues — — — $ 10,019 $ 11,847 $ 21,866 Total revenues $ 28,052 $ 13,799 $ 3,820 $ 10,019 $ 11,847 $ 67,537 Six Months Ended June 30, 2014 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Total Equipment leasing revenues Lease income $ 5,987 $ 3,711 $ — $ — $ — $ 9,698 Maintenance revenue 2,604 — — — — 2,604 Finance lease income — 865 4,230 — — 5,095 Other revenue — — 50 — — 50 Total equipment leasing revenues $ 8,591 $ 4,576 $ 4,280 $ — $ — $ 17,447 Infrastructure revenues Lease income — — — — — — Rail revenues — — — — 984 984 Terminal services revenues — — — — — — Total infrastructure revenues — — — $ — $ 984 $ 984 Total revenues $ 8,591 $ 4,576 $ 4,280 $ — $ 984 $ 18,431
Schedule of Future Minimum Rental Payments for Operating Leases	Minimum future annual revenues contracted to be received under existing operating leases of equipment at June 30, 2015 are as follows: June 30, 2015 2015 $ 27,768 2016 44,413 2017 31,513 2018 23,768 2019 9,857 Thereafter 3,218 $ 140,537 Two of the Company’s subsidiaries are lessees under various operating and capital leases. As of June 30, 2015 , minimum future rental payments under these leases are as follows: June 30, 2015 2015 $ 2,617 2016 5,071 2017 5,041 2018 4,035 2019 3,906 Thereafter 47,681 $ 68,351

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	6 Months Ended
EQUITY-BASED COMPENSATION (Tables)	Jun. 30, 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: Six Months Ended June 30, 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 June 30, 2015 15,000 9.92 $ 17
Schedule of Stock-based Compensation Arrangements	includes the following expense related to the Company’s stock-based compensation arrangements: Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Remaining Expense To Be Recognized, If All Vesting Conditions Are Met Stock Options $ 24 $ 24 $ — Restricted Shares 919 1,772 21,769 Common Units 237 804 721

INCOME TAXES INCOME TAXES (Tabl

INCOME TAXES INCOME TAXES (Tables)	6 Months Ended
INCOME TAXES INCOME TAXES (Tables)	Jun. 30, 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: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current: Federal $ 20 $ 297 $ 49 $ 348 State and local 43 14 51 15 Foreign 124 — 239 — Total current provision 187 311 339 363 Deferred: Federal 29 78 44 185 State and local 2 10 1 10 Foreign 48 — 112 — Total deferred provision 79 88 157 195 Total provision for income taxes $ 266 $ 399 $ 496 $ 558

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
SEGMENT INFORMATION (Tables)	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	II. For the Six months ended June 30, 2015 Six months ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Equipment leasing revenues $ 28,052 $ 13,799 $ 3,820 $ — $ — $ — $ 45,671 Infrastructure revenues — — — 10,019 11,847 — 21,866 Total revenues 28,052 13,799 3,820 10,019 11,847 — 67,537 Expenses Operating expenses 715 961 170 16,174 14,299 — 32,319 General and administrative — — — — — 2,337 2,337 Acquisition and transaction expenses — — — — — 1,966 1,966 Management fees and incentive allocation to affiliate — — — — — 5,899 5,899 Depreciation and amortization 10,652 2,978 — 6,769 928 — 21,327 Interest expense — 1,908 1,267 6,106 291 — 9,572 Total expenses 11,367 5,847 1,437 29,049 15,518 10,202 73,420 Other income Equity in earnings of unconsolidated entities — — 2,466 — — — 2,466 Gain on sale of equipment, net 284 — — — 7 — 291 Interest income 8 253 — 42 — — 303 Other expense, net — — (9 ) — — — (9 ) Total other income 292 253 2,457 42 7 — 3,051 Income (loss) before income taxes 16,977 8,205 4,840 (18,988 ) (3,664 ) (10,202 ) (2,832 ) Provision for income taxes 412 — 35 49 — — 496 Net income (loss) 16,565 8,205 4,805 (19,037 ) (3,664 ) (10,202 ) (3,328 ) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries — 370 — (8,199 ) (112 ) 2 (7,939 ) Net income (loss) attributable to shareholders $ 16,565 $ 7,835 $ 4,805 $ (10,838 ) $ (3,552 ) $ (10,204 ) $ 4,611 III. For the Six months ended June 30, 2014 Six Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Equipment leasing revenues $ 8,591 $ 4,576 $ 4,280 $ — $ — $ 17,447 Infrastructure revenues — — — — 984 984 Total revenues 8,591 4,576 4,280 — 984 — 18,431 Expenses Operating expenses 853 246 119 51 2,076 — 3,345 General and administrative — — — — — 948 948 Acquisition and transaction expenses — — — 5,130 5,208 135 10,473 Management fees and incentive allocation to affiliate — — — — — 1,837 1,837 Depreciation and amortization 3,703 749 — 45 126 — 4,623 Interest expense — 71 1,456 — — 45 1,572 Total expenses 4,556 1,066 1,575 5,226 7,410 2,965 22,798 Other income Equity in earnings of unconsolidated entities — — 3,131 — — — 3,131 Gain on sale of equipment, net 2,215 — — — — — 2,215 Interest income 14 — — — — — 14 Other expense, net — — (20 ) — — — (20 ) Total other income 2,229 — 3,111 — — — 5,340 Income (loss) before income taxes 6,264 3,510 5,816 (5,226 ) (6,426 ) (2,965 ) 973 Provision for income taxes 338 — 118 102 — — 558 Net income (loss) 5,926 3,510 5,698 (5,328 ) (6,426 ) (2,965 ) 415 Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries — 341 — — — — 341 Net income (loss) attributable to shareholders $ 5,926 $ 3,169 $ 5,698 $ (5,328 ) $ (6,426 ) $ (2,965 ) $ 74 Three Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Equipment leasing revenues $ 5,324 $ 2,304 $ 2,123 $ — $ — $ — $ 9,751 Infrastructure revenues — — — — 984 — 984 Total revenues 5,324 2,304 2,123 — 984 — 10,735 Expenses Operating expenses 460 160 61 51 2,076 — 2,808 General and administrative — — — — — 721 721 Acquisition and transaction expenses — — — 4,068 2,899 173 7,140 Management fees and incentive allocation to affiliate — — — — — 1,086 1,086 Depreciation and amortization 2,246 375 — 45 126 — 2,792 Interest expense — 35 720 — — — 755 Total expenses 2,706 570 781 4,164 5,101 1,980 15,302 Other income Equity in earnings of unconsolidated entities — — 1,527 — — — 1,527 Gain on sale of equipment, net 2,255 — — — — — 2,255 Interest income 8 — — — — — 8 Other expense, net — — (11 ) — — — (11 ) Total other income 2,263 — 1,516 — — — 3,779 Income (loss) before income taxes 4,881 1,734 2,858 (4,164 ) (4,117 ) (1,980 ) (788 ) Provision for income taxes 281 — 16 102 — — 399 Net income (loss) 4,600 1,734 2,842 (4,266 ) (4,117 ) (1,980 ) (1,187 ) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries — 165 — — — — 165 Net income (loss) attributable to shareholders $ 4,600 $ 1,569 $ 2,842 $ (4,266 ) $ (4,117 ) $ (1,980 ) $ (1,352 ) The following tables set forth certain information for each reportable segment of the Company: I. For the Three Months Ended June 30, 2015 Three Months Ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Equipment leasing revenues $ 13,807 $ 6,932 $ 1,894 $ — $ — $ — $ 22,633 Infrastructure revenues — — — 5,373 5,558 — 10,931 Total revenues 13,807 6,932 1,894 5,373 5,558 — 33,564 Expenses Operating expenses 377 390 117 9,501 7,215 — 17,600 General and administrative — — — — — 1,989 1,989 Acquisition and transaction expenses — — — — — 1,598 1,598 Management fees and incentive allocation to affiliate — — — — — 3,485 3,485 Depreciation and amortization 5,396 1,489 — 3,461 419 — 10,765 Interest expense — 952 625 3,019 161 — 4,757 Total expenses 5,773 2,831 742 15,981 7,795 7,072 40,194 Other income Equity in earnings of unconsolidated entities — — 1,225 — — — 1,225 Gain on sale of equipment, net 284 — — — 4 — 288 Interest income — 114 — 2 — — 116 Other expense, net — — (2 ) (1 ) — — (3 ) Total other income 284 114 1,223 1 4 — 1,626 Income (loss) before income taxes 8,318 4,215 2,375 (10,607 ) (2,233 ) (7,072 ) (5,004 ) Provision for income taxes 198 — 19 49 — — 266 Net income (loss) 8,120 4,215 2,356 (10,656 ) (2,233 ) (7,072 ) (5,270 ) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries — 189 — (4,545 ) (79 ) 2 (4,433 ) Net income (loss) attributable to shareholders $ 8,120 $ 4,026 $ 2,356 $ (6,111 ) $ (2,154 ) $ (7,074 ) $ (837 )
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders: Three Months Ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Adjusted Net Income (Loss) $ 8,288 $ 4,026 $ 2,376 $ (5,741 ) $ (1,928 ) $ (5,452 ) $ 1,569 Add: Non-controlling share of adjustments to Adjusted Net Income 326 Add: Equity in earnings of unconsolidated entities 1,225 Add: Cash payments for income taxes 313 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (1,225 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (1 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (1,598 ) Less: Equity-based compensation expense (1,180 ) Less: Provision for income taxes (266 ) Net Loss attributable to shareholders $ (837 ) The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders: Six Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Adjusted Net Income (Loss) $ 6,264 $ 3,169 $ 5,836 $ (96 ) $ (1,218 ) $ (2,830 ) $ 11,125 Add: Non-controlling share of adjustments to Adjusted Net Income — Add: Equity in earnings of unconsolidated entities 3,131 Add: Cash payments for income taxes — Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (3,131 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (20 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (10,473 ) Less: Equity-based compensation expense — Less: Provision for income taxes (558 ) Net Income attributable to shareholders $ 74 The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders: Three Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Adjusted Net Income (Loss) $ 4,881 $ 1,569 $ 2,869 $ (96 ) $ (1,218 ) $ (1,807 ) $ 6,198 Add: Non-controlling share of adjustments to Adjusted Net Income — Add: Equity in earnings of unconsolidated entities 1,527 Add: Cash payments for income taxes — Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (1,527 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (11 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (7,140 ) Less: Equity-based compensation expense — Less: Provision for income taxes (399 ) Net Loss attributable to shareholders $ (1,352 ) The following table sets forth a reconciliation of Adjusted Net Income to Net Income attributable to shareholders: Six months ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Adjusted Net Income (Loss) $ 16,750 $ 7,835 $ 4,849 $ (9,956 ) $ (2,772 ) $ (8,214 ) $ 8,492 Add: Non-controlling share of adjustments to Adjusted Net Income 680 Add: Equity in earnings of unconsolidated entities 2,466 Add: Cash payments for income taxes 510 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (2,466 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (9 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (1,966 ) Less: Equity-based compensation expense (2,600 ) Less: Provision for income taxes (496 ) Net Income attributable to shareholders $ 4,611
Revenue from External Customers by Geographic Areas	Summary information with respect to the Company’s geographic sources of revenue is as follows: Six months ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Africa $ 5,798 $ — $ — $ — $ — $ — $ 5,798 Asia 11,756 3,710 2,727 — — — 18,193 Europe 9,146 9,248 — — — — 18,394 North America 1,093 841 1,093 10,019 11,847 — 24,893 South America 259 — — — — — 259 Total revenues $ 28,052 $ 13,799 $ 3,820 $ 10,019 $ 11,847 $ — $ 67,537 Summary information with respect to the Company’s geographic sources of revenue is as follows: Three Months Ended June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Africa $ 2,682 $ — $ — $ — $ — $ — $ 2,682 Asia 5,768 1,866 1,349 — — — 8,983 Europe 4,620 4,635 — — — — 9,255 North America 613 431 545 5,373 5,558 — 12,520 South America 124 — — — — — 124 Total revenues $ 13,807 $ 6,932 $ 1,894 $ 5,373 $ 5,558 $ — $ 33,564 Summary information with respect to the Company’s geographic sources of revenue is as follows: Three Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Africa $ 2,229 $ — $ — $ — $ — $ — $ 2,229 Asia 958 1,866 1,524 — — — 4,348 Europe 1,127 — — — — — 1,127 North America 1,010 438 599 — 984 — 3,031 South America — — — — — — — Total revenues $ 5,324 $ 2,304 $ 2,123 $ — $ 984 $ — $ 10,735 Summary information with respect to the Company’s geographic sources of revenue is as follows: Six Months Ended June 30, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Revenues Africa $ 2,311 $ — $ — $ — $ — $ — $ 2,311 Asia 1,177 3,711 3,074 — — — 7,962 Europe 3,581 — — — — — 3,581 North America 1,522 865 1,206 — 984 — 4,577 South America — — — — — — — Total revenues $ 8,591 $ 4,576 $ 4,280 $ — $ 984 $ — $ 18,431
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment and equipment held for lease as of June 30, 2015 and December 31, 2014 : June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Total assets $ 327,942 $ 208,801 $ 111,639 $ 783,386 $ 29,345 $ 549,429 $ 2,010,542 Debt — 72,698 56,347 445,756 9,473 — 584,274 Total liabilities 49,245 76,662 56,723 460,405 18,598 6,460 668,093 Non-controlling interests in equity of consolidated subsidiaries — 7,435 — 113,953 1,319 610 123,317 Total equity 278,697 132,139 54,916 322,981 10,747 542,969 1,342,449 Total liabilities and equity $ 327,942 $ 208,801 $ 111,639 $ 783,386 $ 29,345 $ 549,429 $ 2,010,542 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 $ 721,117 $ 30,605 $ 13,915 $ 1,404,591 Debt — 76,024 61,154 446,272 9,417 — 592,867 Total liabilities 50,282 81,903 61,434 470,561 19,499 7,415 691,094 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 $ 721,117 $ 30,605 $ 13,915 $ 1,404,591 December 31, 2014 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Property, plant and equipment and equipment held for lease, net Africa $ 47,945 $ — $ — $ — $ — $ — $ 47,945 Asia 119,232 40,637 — — — — 159,869 Europe 105,762 137,981 — — — — 243,743 North America 13,335 — — 252,354 19,862 — 285,551 South America 599 — — — — — 599 Total property, plant and equipment and equipment held for lease, net $ 286,873 $ 178,618 $ — $ 252,354 $ 19,862 $ — $ 737,707
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 equipment held for lease, net Africa $ 47,945 $ — $ — $ — $ — $ — $ 47,945 Asia 119,232 40,637 — — — — 159,869 Europe 105,762 137,981 — — — — 243,743 North America 13,335 — — 252,354 19,862 — 285,551 South America 599 — — — — — 599 Total property, plant and equipment and equipment held for lease, net $ 286,873 $ 178,618 $ — $ 252,354 $ 19,862 $ — $ 737,707 June 30, 2015 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Corporate Total Property, plant and equipment and equipment held for lease, net Africa $ 47,509 $ — $ — $ — $ — $ — $ 47,509 Asia 114,235 39,888 — — — — 154,123 Europe 108,833 135,752 — — — — 244,585 North America 27,301 — — 303,227 22,134 — 352,662 South America 4,664 — — — — — 4,664 Total property, plant and equipment and equipment held for lease, net $ 302,542 $ 175,640 $ — $ 303,227 $ 22,134 $ — $ 803,543

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 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). Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net Income (loss) Attributable to Shareholders $ (837 ) $ (1,352 ) $ 4,611 $ 74 Weighted Average Shares Outstanding - Basic 62,879,023 53,502,873 58,216,849 53,502,873 Weighted Average Shares Outstanding - Diluted 62,879,023 53,502,873 58,216,918 53,502,873 Basic and Diluted EPS $ (0.01 ) $ (0.03 ) $ 0.08 $ —

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Jun. 30, 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 June 30, 2015 are as follows: June 30, 2015 2015 $ 27,768 2016 44,413 2017 31,513 2018 23,768 2019 9,857 Thereafter 3,218 $ 140,537 Two of the Company’s subsidiaries are lessees under various operating and capital leases. As of June 30, 2015 , minimum future rental payments under these leases are as follows: June 30, 2015 2015 $ 2,617 2016 5,071 2017 5,041 2018 4,035 2019 3,906 Thereafter 47,681 $ 68,351
Schedule of Future Minimum Lease Payments for Capital Leases	At June 30, 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 2015 $ 1,012 $ 17,374 $ 18,386 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 Thereafter 12,000 — 12,000 Total $ 21,049 $ 99,706 $ 120,755 Two of the Company’s subsidiaries are lessees under various operating and capital leases. As of June 30, 2015 , minimum future rental payments under these leases are as follows: June 30, 2015 2015 $ 2,617 2016 5,071 2017 5,041 2018 4,035 2019 3,906 Thereafter 47,681 $ 68,351

ORGANIZATION (Details)

ORGANIZATION (Details)	Jun. 15, 2015shares	May. 20, 2015$ / sharesshares	May. 31, 2015shares	Jun. 30, 2015segment	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
Ownership percentage of shareholders				29.30%
Ownership Percentage, Initial Shareholders				70.70%
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
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 ACCOUN41

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jun. 30, 2015USD ($)customerderivative_instrumentlessee	Jun. 30, 2014USD ($)customerlessee	Jun. 30, 2015USD ($)derivative_instrumentlessee	Jun. 30, 2014USD ($)lessee	Dec. 31, 2014USD ($)
Variable Interest Entities [Abstract]
Restricted cash	$ 17,750,000		$ 17,750,000		$ 21,084,000
Goodwill impairment	0		0
Provision for doubtful accounts	39,000		39,000		111,000
Bad debt expense	155,000	$ 0	159,000	$ 43,000
Reclassification adjustments impacting accumulated other comprehensive income	35,000	$ 44,000	0	$ 88,000
Estimated net gains/losses reclassified from AOCI into earnings within next 12 months	70,000		70,000
Other Assets
Variable Interest Entities [Abstract]
Derivative assets	$ 87,000		$ 87,000		232,000
Designated as Hedging Instrument
Variable Interest Entities [Abstract]
Number of derivatives \| derivative_instrument	1		1
Not Designated as Hedging Instrument
Variable Interest Entities [Abstract]
Number of derivatives \| derivative_instrument	1		1
Customer Group Two \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy and Jefferson Terminal
Variable Interest Entities [Abstract]
Concentration risk percentage	25.60%		24.40%
Number of lessees	2		2
Customer Group Two \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy
Variable Interest Entities [Abstract]
Number of lessees \| lessee	1		1
Customer Group Two \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Jefferson Terminal
Variable Interest Entities [Abstract]
Number of lessees \| lessee	1		1
Customer Group One \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy
Variable Interest Entities [Abstract]
Number of lessees \| lessee		1		1
Customer Group One \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Aviation Leasing, Shipping Containers and Offshore Energy
Variable Interest Entities [Abstract]
Concentration risk percentage		58.70%		59.10%
Number of lessees		4		4
Customer Group One \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Aviation Leasing
Variable Interest Entities [Abstract]
Number of lessees \| lessee		2		2
Customer Group One \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Shipping Containers
Variable Interest Entities [Abstract]
Number of lessees \| lessee		1		1
Subsidiary \| Co-venturer
Variable Interest Entities [Abstract]
Subsidiary loan to VIE partner for equity contribution	$ 3,725,000		$ 3,725,000		3,725,000
MT6015
Variable Interest Entities [Abstract]
Total assets	$ 7,533,000		$ 7,533,000		$ 7,450,000
MT6015 \| Third-Party Owner
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage			50.00%
MT6015 \| MT6015
Variable Interest Entities [Abstract]
Vessel purchase commitment			$ 75,000,000
MT6015 \| Subsidiary
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage			50.00%

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) - USD ($) $ in Thousands	Aug. 27, 2014	Jun. 30, 2015
Business Acquisition [Line Items]
Measurement period adjustments for goodwill and estimated liabilities assumed		$ 390
Jefferson Terminal
Business Acquisition [Line Items]
Aggregate purchase price	$ 607,800
Assumed liabilities	522,000
Equity consideration	38,200
Percent interest acquired		60.00%
Remaining non-controlling interest		40.00%
Loan obtained through acquisition	100,000
Retaining Shareholders \| Jefferson Terminal
Business Acquisition [Line Items]
Remaining non-controlling interest		20.00%
Private Equity Fund
Business Acquisition [Line Items]
Remaining non-controlling interest		20.00%
Subsidiary \| Jefferson Terminal
Business Acquisition [Line Items]
Long-term Debt	$ 97,600

LEASING EQUIPMENT, NET (Details

LEASING EQUIPMENT, NET (Details) $ in Thousands	3 Months Ended		6 Months Ended
LEASING EQUIPMENT, NET (Details) $ in Thousands	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)commercial_jet_engine	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment, net	$ 521,517		$ 521,517		$ 509,379
Equipment Leasing
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	551,207		551,207		524,885
Less: Accumulated depreciation	(29,690)		(29,690)		(15,506)
Leasing equipment, net	521,517		521,517		509,379
Depreciation	7,162	$ 2,666	$ 14,184	$ 4,497
Commercial jet engines acquired \| commercial_jet_engine			10
Commercial jet engines sold \| commercial_jet_engine			1
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Aviation Leasing
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	324,525		$ 324,525		298,204
Less: Accumulated depreciation	(21,983)		(21,983)		(11,331)
Leasing equipment, net	302,542		302,542		286,873
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	182,355		182,355		182,355
Less: Accumulated depreciation	(6,715)		(6,715)		(3,737)
Leasing equipment, net	175,640		175,640		178,618
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Jefferson Terminal
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	44,327		44,327		44,326
Less: Accumulated depreciation	(992)		(992)		(438)
Leasing equipment, net	$ 43,335		$ 43,335		$ 43,888

FINANCE LEASES, NET - Summary (

FINANCE LEASES, NET - Summary (Details) - Equipment Leasing - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Capital Leased Assets [Line Items]
Finance leases	$ 120,755	$ 131,537
Unearned revenue	(24,084)	(28,724)
Finance leases, net	96,671	102,813
Reportable Subsegments \| Operating Segments \| Offshore Energy
Capital Leased Assets [Line Items]
Finance leases	21,049	22,045
Unearned revenue	(10,747)	(11,580)
Finance leases, net	10,302	10,465
Reportable Subsegments \| Operating Segments \| Shipping Containers
Capital Leased Assets [Line Items]
Finance leases	99,706	109,492
Unearned revenue	(13,337)	(17,144)
Finance leases, net	$ 86,369	$ 92,348

FINANCE LEASES, NET - Future Mi

FINANCE LEASES, NET - Future Minimum Payments Receivable (Details) - Equipment Leasing $ in Thousands	Jun. 30, 2015USD ($)
Capital Leased Assets [Line Items]
2,015	$ 18,386
2,016	27,693
2,017	53,316
2,018	7,352
2,019	2,008
Thereafter	12,000
Total	120,755
Reportable Subsegments \| Operating Segments \| Offshore Energy
Capital Leased Assets [Line Items]
2,015	1,012
2,016	2,013
2,017	2,008
2,018	2,008
2,019	2,008
Thereafter	12,000
Total	21,049
Reportable Subsegments \| Operating Segments \| Shipping Containers
Capital Leased Assets [Line Items]
2,015	17,374
2,016	25,680
2,017	51,308
2,018	5,344
2,019	0
Thereafter	0
Total	$ 99,706

PROPERTY, PLANT AND EQUIPMENT46

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 282,026	$ 228,328
Infrastructure
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	289,489	230,435
Less: accumulated depreciation	(7,463)	(2,107)
Property, plant and equipment, net	282,026	228,328
Infrastructure \| Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	19,498	15,057
Infrastructure \| Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	63,897	146,663
Infrastructure \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,629	2,575
Infrastructure \| Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	187,692	50,627
Infrastructure \| Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	12,302	12,022
Infrastructure \| Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,157	1,268
Infrastructure \| Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,307	1,293
Infrastructure \| Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	53	34
Infrastructure \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	317	317
Infrastructure \| Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	637	579
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	24,005	20,824
Less: accumulated depreciation	(1,871)	(962)
Property, plant and equipment, net	22,134	19,862
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,484	5,484
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,921	0
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	436	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	12,302	12,022
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,157	1,268
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,307	1,293
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	19	0
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	0	0
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	379	321
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	265,484	209,611
Less: accumulated depreciation	(5,592)	(1,145)
Property, plant and equipment, net	259,892	208,466
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Land and 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	60,976	146,663
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	187,692	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	317	317
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 258	$ 258

PROPERTY, PLANT AND EQUIPMENT47

PROPERTY, PLANT AND EQUIPMENT, NET - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired			$ 59,170
Depreciation expense	$ 2,705	$ 120	5,350	$ 120
Railroad equipment
Property, Plant and Equipment [Line Items]
Disposals of railroad equipment			$ 116

INVESTMENTS IN UNCONSOLIDATED48

INVESTMENTS IN UNCONSOLIDATED ENTITIES - Ownership Interest and Carrying Values (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 22,147	$ 21,569
Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	51.00%	51.00%
Carrying Value	$ 22,147	$ 21,569	$ 21,569

INVESTMENTS IN UNCONSOLIDATED49

INVESTMENTS IN UNCONSOLIDATED ENTITIES - Intermodal Finance I, Ltd (Details) shipping_container in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)shipping_containercustomer	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)shipping_containercustomer	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Expenses
Company's equity in earnings	$ 1,225	$ 1,527	$ 2,466	$ 3,131
Members' Equity
Investments in and advances to unconsolidated entities	$ 22,147		$ 22,147		$ 21,569
Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Ownership percentage	51.00%		51.00%		51.00%
Number of customers \| customer	6		6
Revenue
Total revenues	$ 4,176	5,305	$ 8,494	10,817
Expenses
Operating expenses	233	315	426	722
General and administrative	212	208	373	416
Depreciation and amortization	602	673	1,199	1,337
Interest expense	815	1,256	1,858	2,496
Loss on disposal of equipment	51	0	51	0
Total expenses	1,913	2,452	3,907	4,971
Total other income	34	0	34	0
Net income	2,297	2,853	4,621	5,846
Comprehensive income	2,297	2,853	4,621	5,846
Company's equity in earnings	1,225	1,527	2,466	3,131
Assets
Cash and cash equivalents	4,203		4,203		$ 5,214
Restricted cash	1,968		1,968		2,320
Accounts receivable	932		932		1,051
Other receivables	1,061		1,061		0
Leasing assets, net of accumulated depreciation of $5,505 and $4,449, respectively	72,850		72,850		74,045
Accumulated depreciation	5,505		5,505		4,449
Finance leases, net	48,885		48,885		62,393
Deferred costs, net of accumulated amortization of $724 and $602, respectively	1,277		1,277		1,524
Accumulated amortization	724		724		602
Other assets	2		2		8
Total assets	131,178		131,178		146,555
Liabilities
Accounts payable and accrued liabilities	182		182		157
Syndication liabilities	4,182		4,182		5,152
Debt	102,181		102,181		120,303
Other liabilities	424		424		383
Total liabilities	106,969		106,969		125,995
Members' Equity
Total members' equity	24,209		24,209		20,560
Total liabilities and members' equity	131,178		131,178		146,555
Investments in and advances to unconsolidated entities	$ 22,147	$ 21,569	$ 22,147	$ 21,569	$ 21,569
Containers \| Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Number of shipping containers \| shipping_container	66		66
Containers \| Intermodal Finance I, Ltd \| Shipping Containers Subject to Multiple Operating Leases
Schedule of Equity Method Investments [Line Items]
Shipping containers subject to multiple operating leases \| shipping_container	38		38

INTANGIBLE ASSETS AND LIABILI50

INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Intangible assets:
Total intangible assets, net	$ 46,408	$ 52,041
Intangible liabilities:
Acquired unfavorable lease intangibles	261	261
Accumulated amortization	(71)	(24)
Total acquired unfavorable lease intangibles, net	190	237
Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	20,435	20,435
Accumulated amortization	(6,636)	(2,796)
Total	13,799	17,639
Customer Relationships
Intangible assets:
Acquired finite-lived intangibles	35,610	35,610
Accumulated amortization	(3,001)	(1,208)
Total	32,609	34,402
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing
Intangible assets:
Total intangible assets, net	13,799	17,639
Intangible liabilities:
Acquired unfavorable lease intangibles	261	261
Accumulated amortization	(71)	(24)
Total acquired unfavorable lease intangibles, net	190	237
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	20,435	20,435
Accumulated amortization	(6,636)	(2,796)
Total	13,799	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	32,437	34,205
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	35,385	35,385
Accumulated amortization	(2,948)	(1,180)
Total	32,437	34,205
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad
Intangible assets:
Total intangible assets, net	172	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	(53)	(28)
Total	$ 172	$ 197

INTANGIBLE ASSETS AND LIABILI51

INTANGIBLE ASSETS AND LIABILITIES, NET - Intangible Liabilities Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets and liabilities	$ 2,595	$ 710	$ 5,586	$ 862
Equipment Leasing Revenues \| Lease Agreements
Finite-Lived Intangible Assets [Line Items]
Amortization of lease intangible assets and liabilities	1,697	704	3,793	856
Depreciation and Amortization \| Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 898	$ 6	$ 1,793	$ 6

INTANGIBLE ASSETS AND LIABILI52

INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2015USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,015	$ 4,380
2,016	8,093
2,017	6,491
2,018	6,142
2,019	4,568
Thereafter	16,544
Total	$ 46,218

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total debt	$ 584,274	$ 592,867
Total debt due within one year	23,508	23,915
Loans payable
Debt Instrument [Line Items]
Total debt	235,383	243,759
Loans payable \| Container Loan 1
Debt Instrument [Line Items]
Total debt	38,400	42,040
Loans payable \| Container Loan 2
Debt Instrument [Line Items]
Total debt	17,947	19,115
Loans payable \| FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Total debt	70,313	73,438
Loans payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Total debt	9,473	9,416
Loans payable \| Jefferson Terminal Credit Agreement
Debt Instrument [Line Items]
Total debt	99,250	99,750
Bonds payable
Debt Instrument [Line Items]
Total debt	346,506	346,521
Bonds payable \| Series 2010 Bonds
Debt Instrument [Line Items]
Total debt	298,000	298,000
Bonds payable \| Series 2012 Bonds
Debt Instrument [Line Items]
Total debt	48,506	48,521
Unamortized premium	1,776	1,791
Note payable to non-controlling interest
Debt Instrument [Line Items]
Total debt	2,385	2,587
Note payable to non-controlling interest \| Note payable to non-controlling interest
Debt Instrument [Line Items]
Total debt	$ 2,385	$ 2,587

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value on a recurring basis	$ 0
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value on a recurring basis		$ 0
Assets:
Total	589,151,000	43,441,000
Recurring \| Market
Assets:
Cash and cash equivalents	571,314,000	22,125,000
Restricted cash	17,750,000	21,084,000
Recurring \| Income
Assets:
Derivative assets	87,000	232,000
Recurring \| Level 1
Assets:
Total	589,064,000	43,209,000
Recurring \| Level 1 \| Market
Assets:
Cash and cash equivalents	571,314,000	22,125,000
Restricted cash	17,750,000	21,084,000
Recurring \| Level 1 \| Income
Assets:
Derivative assets	0	0
Recurring \| Level 2
Assets:
Total	87,000	232,000
Recurring \| Level 2 \| Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Recurring \| Level 2 \| Income
Assets:
Derivative assets	87,000	232,000
Recurring \| Level 3
Assets:
Total	0	0
Recurring \| Level 3 \| Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Recurring \| Level 3 \| Income
Assets:
Derivative assets	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
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	$ 0
Series 2012 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	49,178,000		49,178,000		$ 49,178,000
Loans payable \| Container Loan 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	38,773,000		38,773,000		42,515,000
Loans payable \| Container Loan 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	18,090,000		18,090,000		19,129,000
Co-venturer \| Subsidiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 3,725,000		$ 3,725,000		$ 3,725,000
Loans receivable interest rate	12.00%		12.00%		12.00%

REVENUES - Components of Revenu

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Total revenues	$ 33,564	$ 10,735	$ 67,537	$ 18,431
Equipment Leasing
Revenues
Lease income	16,145	5,813	32,150	9,698
Maintenance revenue	3,999	1,377	7,385	2,604
Finance lease income	2,288	2,537	4,599	5,095
Other revenue	201	24	1,537	50
Total revenues	22,633	9,751	45,671	17,447
Infrastructure
Revenues
Lease income	1,410	0	2,820	0
Rail revenues	5,558	984	11,847	984
Terminal services revenues	3,963	0	7,199	0
Total revenues	10,931	984	21,866	984
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Revenues
Lease income	9,808	3,947	19,547	5,987
Maintenance revenue	3,999	1,377	7,385	2,604
Finance lease income	0	0	0	0
Other revenue	0	0	1,120	0
Total revenues	13,807	5,324	28,052	8,591
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Revenues
Lease income	6,337	1,866	12,603	3,711
Maintenance revenue	0	0	0	0
Finance lease income	419	438	829	865
Other revenue	176	0	367	0
Total revenues	6,932	2,304	13,799	4,576
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Revenues
Lease income	0	0	0	0
Maintenance revenue	0	0	0	0
Finance lease income	1,869	2,099	3,770	4,230
Other revenue	25	24	50	50
Total revenues	1,894	2,123	3,820	4,280
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Revenues
Lease income	1,410	0	2,820	0
Rail revenues	0	0	0	0
Terminal services revenues	3,963	0	7,199	0
Total revenues	5,373	0	10,019	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Revenues
Lease income	0	0	0	0
Rail revenues	5,558	984	11,847	984
Terminal services revenues	0	0	0	0
Total revenues	$ 5,558	$ 984	$ 11,847	$ 984

REVENUES - Minimum Future Annua

REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Jun. 30, 2015USD ($)
Revenue Disclosure [Abstract]
2,015	$ 27,768
2,016	44,413
2,017	31,513
2,018	23,768
2,019	9,857
Thereafter	3,218
Total future minimum payments receivable	$ 140,537

EQUITY-BASED COMPENSATION - Add

EQUITY-BASED COMPENSATION - Additional Information (Details) $ / shares in Units, $ in Thousands	Aug. 27, 2014USD ($)	Jun. 30, 2015trancheperformance_conditiondirector$ / sharesshares	Jun. 30, 2015USD ($)trancheperformance_condition$ / sharesshares	Dec. 31, 2014
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
Grant date fair value \| $			$ 1,752
Forfeiture rate			0.00%
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	30,000,000
Number of Independent Directors \| director		3
Incentive Plan \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (in dollars per share) \| $ / shares		$ 24	$ 24
Aggregate stock options issued (in shares)		15,000
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
Number of tranches \| tranche		3	3
Vesting period			3 years
Number of performance conditions \| performance_condition		3	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]
Number of performance conditions \| performance_condition		1	1
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 - Ass

EQUITY-BASED COMPENSATION - Assumptions Used to Estimate Fair Value Using Black-Scholes Model (Details) - 6 months ended Jun. 30, 2015 - Incentive Plan - Stock Options	Total
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 - Sum

EQUITY-BASED COMPENSATION - Summary of Stock Option Activity (Details) - Jun. 30, 2015 - Incentive Plan - Stock Options - USD ($) $ / shares in Units, $ in Thousands	Total
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)	$ 16.98
Weighted Average Remaining Contractual Term (in years)
Outstanding (in years)	9 years 11 months 1 day
Exercisable (in years)	9 years 11 months 1 day
Aggregate intrinsic value of stock options outstanding	$ 17
Aggregate intrinsic value of stock options exercisable	$ 17

EQUITY-BASED COMPENSATION - Exp

EQUITY-BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 1,180	$ 0	$ 2,600	$ 0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	24		24
Remaining expense to be recognized, if all vesting conditions are met	0		0
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	919		1,772
Remaining expense to be recognized, if all vesting conditions are met	21,769		21,769
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	237		804
Remaining expense to be recognized, if all vesting conditions are met	$ 721		$ 721

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Current:
Federal	$ 20	$ 297	$ 49	$ 348
State and local	43	14	51	15
Foreign	124	0	239	0
Total current provision	187	311	339	363
Deferred:
Federal	29	78	44	185
State and local	2	10	1	10
Foreign	48	0	112	0
Total deferred provision	79	88	157	195
Total provision for income taxes	$ 266	$ 399	$ 496	$ 558
U.S. federal tax rate			35.00%

MANAGEMENT AGREEMENT AND AFFI63

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($)	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Apr. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate		$ 3,485,000	$ 1,086,000		$ 5,899,000	$ 1,837,000
Termination fee period preceding termination	12 months
Net income (loss) attributable to non-controlling interest		$ (4,433,000)	$ 165,000		$ (7,939,000)	$ 341,000
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%
Non-controlling interest by private equity fund	$ 70,860,000	$ 70,860,000			$ 70,860,000		$ 54,273,000
Net income (loss) attributable to non-controlling interest		(2,007,000)			(3,556,000)
Amounts payable to vendor	$ 5,212,000	5,212,000			5,212,000		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		1,459,000			3,873,000
Management fee payable							3,626,000
Manager \| Management fees
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate		2,026,000			2,026,000
Management fee payable	$ 1,065,000	1,065,000			1,065,000		160,000
Management fee percentage rate	1.50%
Due from related party	$ 0	0			0		$ 335,000
Manager \| General and administrative expense
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate		642,000			642,000
Manager \| Acquisition and Transaction Expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate		221,000			221,000
Master GP
Related Party Transaction [Line Items]
Incentive distribution percentage				10.00%
Cumulative preferred return payable, percentage				8.00%
Capital gains incentive allocation percentage	10.00%
Master GP \| Threshold 1
Related Party Transaction [Line Items]
Income incentive allocation, percentage	0.00%
Return rate	2.00%
Annualized return rate	8.00%
Master GP \| Threshold 2
Related Party Transaction [Line Items]
Income incentive allocation, percentage	100.00%
Master GP \| Threshold 2 \| Minimum
Related Party Transaction [Line Items]
Return rate	2.00%
Master GP \| Threshold 2 \| Maximum
Related Party Transaction [Line Items]
Return rate	2.2223%
Master GP \| Threshold 3
Related Party Transaction [Line Items]
Income incentive allocation, percentage	10.00%
Master GP \| Threshold 3 \| Maximum
Related Party Transaction [Line Items]
Return rate	2.2223%
Master GP \| Income Incentive Allocation
Related Party Transaction [Line Items]
Management fee payable	$ 0	0			0
Master GP \| Capital gains incentive allocation
Related Party Transaction [Line Items]
Management fee payable	$ 0	$ 0			$ 0

SEGMENT INFORMATION - Statement

SEGMENT INFORMATION - Statement of Income by Segment (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)segment	Jun. 30, 2014USD ($)	Dec. 31, 2014segment
Segment Reporting [Abstract]
Number of reportable segments \| segment			5
Number of additional reportable segments \| segment					2
Revenues
Total revenues	$ 33,564	$ 10,735	$ 67,537	$ 18,431
Expenses
Operating expenses	17,600	2,808	32,319	3,345
General and administrative	1,989	721	2,337	948
Acquisition and transaction expenses	1,598	7,140	1,966	10,473
Management fees and incentive allocation to affiliate	3,485	1,086	5,899	1,837
Depreciation and amortization	10,765	2,792	21,327	4,623
Interest expense	4,757	755	9,572	1,572
Total expenses	40,194	15,302	73,420	22,798
Other income
Equity in earnings of unconsolidated entities	1,225	1,527	2,466	3,131
Gain on sale of equipment, net	288	2,255	291	2,215
Interest income	116	8	303	14
Other expense, net	(3)	(11)	(9)	(20)
Total other income	1,626	3,779	3,051	5,340
(Loss) Income before income taxes	(5,004)	(788)	(2,832)	973
Provision for income taxes	266	399	496	558
Net (loss) income	(5,270)	(1,187)	(3,328)	415
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	(4,433)	165	(7,939)	341
Net (loss) income attributable to shareholders	(837)	(1,352)	4,611	74
Equipment Leasing
Revenues
Total revenues	22,633	9,751	45,671	17,447
Infrastructure
Revenues
Total revenues	10,931	984	21,866	984
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Revenues
Total revenues	13,807	5,324	28,052	8,591
Expenses
Operating expenses	377	460	715	853
General and administrative	0	0	0	0
Acquisition and transaction expenses	0	0	0	0
Management fees and incentive allocation to affiliate	0	0	0	0
Depreciation and amortization	5,396	2,246	10,652	3,703
Interest expense	0	0	0	0
Total expenses	5,773	2,706	11,367	4,556
Other income
Equity in earnings of unconsolidated entities	0	0	0	0
Gain on sale of equipment, net	284	2,255	284	2,215
Interest income	0	8	8	14
Other expense, net	0	0	0	0
Total other income	284	2,263	292	2,229
(Loss) Income before income taxes	8,318	4,881	16,977	6,264
Provision for income taxes	198	281	412	338
Net (loss) income	8,120	4,600	16,565	5,926
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	0	0	0	0
Net (loss) income attributable to shareholders	8,120	4,600	16,565	5,926
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Revenues
Total revenues	6,932	2,304	13,799	4,576
Expenses
Operating expenses	390	160	961	246
General and administrative	0	0	0	0
Acquisition and transaction expenses	0	0	0	0
Management fees and incentive allocation to affiliate	0	0	0	0
Depreciation and amortization	1,489	375	2,978	749
Interest expense	952	35	1,908	71
Total expenses	2,831	570	5,847	1,066
Other income
Equity in earnings of unconsolidated entities	0	0	0	0
Gain on sale of equipment, net	0	0	0	0
Interest income	114	0	253	0
Other expense, net	0	0	0	0
Total other income	114	0	253	0
(Loss) Income before income taxes	4,215	1,734	8,205	3,510
Provision for income taxes	0	0	0	0
Net (loss) income	4,215	1,734	8,205	3,510
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	189	165	370	341
Net (loss) income attributable to shareholders	4,026	1,569	7,835	3,169
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Revenues
Total revenues	1,894	2,123	3,820	4,280
Expenses
Operating expenses	117	61	170	119
General and administrative	0	0	0	0
Acquisition and transaction expenses	0	0	0	0
Management fees and incentive allocation to affiliate	0	0	0	0
Depreciation and amortization	0	0	0	0
Interest expense	625	720	1,267	1,456
Total expenses	742	781	1,437	1,575
Other income
Equity in earnings of unconsolidated entities	1,225	1,527	2,466	3,131
Gain on sale of equipment, net	0	0	0	0
Interest income	0	0	0	0
Other expense, net	(2)	(11)	(9)	(20)
Total other income	1,223	1,516	2,457	3,111
(Loss) Income before income taxes	2,375	2,858	4,840	5,816
Provision for income taxes	19	16	35	118
Net (loss) income	2,356	2,842	4,805	5,698
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	0	0	0	0
Net (loss) income attributable to shareholders	2,356	2,842	4,805	5,698
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Revenues
Total revenues	5,373	0	10,019	0
Expenses
Operating expenses	9,501	51	16,174	51
General and administrative	0	0	0	0
Acquisition and transaction expenses	0	4,068	0	5,130
Management fees and incentive allocation to affiliate	0	0	0	0
Depreciation and amortization	3,461	45	6,769	45
Interest expense	3,019	0	6,106	0
Total expenses	15,981	4,164	29,049	5,226
Other income
Equity in earnings of unconsolidated entities	0	0	0	0
Gain on sale of equipment, net	0	0	0	0
Interest income	2	0	42	0
Other expense, net	(1)	0	0	0
Total other income	1	0	42	0
(Loss) Income before income taxes	(10,607)	(4,164)	(18,988)	(5,226)
Provision for income taxes	49	102	49	102
Net (loss) income	(10,656)	(4,266)	(19,037)	(5,328)
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	(4,545)	0	(8,199)	0
Net (loss) income attributable to shareholders	(6,111)	(4,266)	(10,838)	(5,328)
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Revenues
Total revenues	5,558	984	11,847	984
Expenses
Operating expenses	7,215	2,076	14,299	2,076
General and administrative	0	0	0	0
Acquisition and transaction expenses	0	2,899	0	5,208
Management fees and incentive allocation to affiliate	0	0	0	0
Depreciation and amortization	419	126	928	126
Interest expense	161	0	291	0
Total expenses	7,795	5,101	15,518	7,410
Other income
Equity in earnings of unconsolidated entities	0	0	0	0
Gain on sale of equipment, net	4	0	7	0
Interest income	0	0	0	0
Other expense, net	0	0	0	0
Total other income	4	0	7	0
(Loss) Income before income taxes	(2,233)	(4,117)	(3,664)	(6,426)
Provision for income taxes	0	0	0	0
Net (loss) income	(2,233)	(4,117)	(3,664)	(6,426)
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	(79)	0	(112)	0
Net (loss) income attributable to shareholders	(2,154)	(4,117)	(3,552)	(6,426)
Corporate
Revenues
Total revenues	0	0	0	0
Expenses
Operating expenses	0	0	0	0
General and administrative	1,989	721	2,337	948
Acquisition and transaction expenses	1,598	173	1,966	135
Management fees and incentive allocation to affiliate	3,485	1,086	5,899	1,837
Depreciation and amortization	0	0	0	0
Interest expense	0	0	0	45
Total expenses	7,072	1,980	10,202	2,965
Other income
Equity in earnings of unconsolidated entities	0	0	0	0
Gain on sale of equipment, net	0	0	0	0
Interest income	0	0	0	0
Other expense, net	0	0	0	0
Total other income	0	0	0	0
(Loss) Income before income taxes	(7,072)	(1,980)	(10,202)	(2,965)
Provision for income taxes	0	0	0	0
Net (loss) income	(7,072)	(1,980)	(10,202)	(2,965)
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries	2	0	2	0
Net (loss) income attributable to shareholders	(7,074)	(1,980)	(10,204)	$ (2,965)
Corporate \| Equipment Leasing
Revenues
Total revenues	0	0	$ 0
Corporate \| Infrastructure
Revenues
Total revenues	$ 0	$ 0

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted Net Income to Net Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	$ 1,569,000	$ 6,198,000	$ 8,492,000	$ 11,125,000
Add: Non-controlling share of adjustments to Adjusted Net Income	326,000	0	680,000	0
Equity in earnings of unconsolidated entities	1,225,000	1,527,000	2,466,000	3,131,000
Add: Cash payments for income taxes	313,000	0	510,000	0
Less: Incentive allocations	0	0	0	0
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities	(1,225,000)	(1,527,000)	(2,466,000)	(3,131,000)
Less: Asset impairment charges	0	0	0	0
Less: Changes in fair value of non-hedge derivative instruments	(1,000)	(11,000)	(9,000)	(20,000)
Less: Losses on the modification or extinguishment of debt and capital lease obligations	0	0	0	0
Less: Acquisition and transaction expenses	(1,598,000)	(7,140,000)	(1,966,000)	(10,473,000)
Less: Equity-based compensation expense	(1,180,000)	0	(2,600,000)	0
Less: Provision for income taxes	(266,000)	(399,000)	(496,000)	(558,000)
Net (loss) income attributable to shareholders	(837,000)	(1,352,000)	4,611,000	74,000
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	8,288,000	4,881,000	16,750,000	6,264,000
Equity in earnings of unconsolidated entities	0	0	0	0
Less: Acquisition and transaction expenses	0	0	0	0
Less: Provision for income taxes	(198,000)	(281,000)	(412,000)	(338,000)
Net (loss) income attributable to shareholders	8,120,000	4,600,000	16,565,000	5,926,000
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	4,026,000	1,569,000	7,835,000	3,169,000
Equity in earnings of unconsolidated entities	0	0	0	0
Less: Acquisition and transaction expenses	0	0	0	0
Less: Provision for income taxes	0	0	0	0
Net (loss) income attributable to shareholders	4,026,000	1,569,000	7,835,000	3,169,000
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	2,376,000	2,869,000	4,849,000	5,836,000
Equity in earnings of unconsolidated entities	1,225,000	1,527,000	2,466,000	3,131,000
Less: Acquisition and transaction expenses	0	0	0	0
Less: Provision for income taxes	(19,000)	(16,000)	(35,000)	(118,000)
Net (loss) income attributable to shareholders	2,356,000	2,842,000	4,805,000	5,698,000
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(5,741,000)	(96,000)	(9,956,000)	(96,000)
Equity in earnings of unconsolidated entities	0	0	0	0
Less: Acquisition and transaction expenses	0	(4,068,000)	0	(5,130,000)
Less: Provision for income taxes	(49,000)	(102,000)	(49,000)	(102,000)
Net (loss) income attributable to shareholders	(6,111,000)	(4,266,000)	(10,838,000)	(5,328,000)
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(1,928,000)	(1,218,000)	(2,772,000)	(1,218,000)
Equity in earnings of unconsolidated entities	0	0	0	0
Less: Acquisition and transaction expenses	0	(2,899,000)	0	(5,208,000)
Less: Provision for income taxes	0	0	0	0
Net (loss) income attributable to shareholders	(2,154,000)	(4,117,000)	(3,552,000)	(6,426,000)
Corporate
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(5,452,000)	(1,807,000)	(8,214,000)	(2,830,000)
Equity in earnings of unconsolidated entities	0	0	0	0
Less: Acquisition and transaction expenses	(1,598,000)	(173,000)	(1,966,000)	(135,000)
Less: Provision for income taxes	0	0	0	0
Net (loss) income attributable to shareholders	$ (7,074,000)	$ (1,980,000)	$ (10,204,000)	$ (2,965,000)

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Geographic Sources of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Total revenues	$ 33,564	$ 10,735	$ 67,537	$ 18,431
Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	22,633	9,751	45,671	17,447
Infrastructure
Segment Reporting Information [Line Items]
Total revenues	10,931	984	21,866	984
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	13,807	5,324	28,052	8,591
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	6,932	2,304	13,799	4,576
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	1,894	2,123	3,820	4,280
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	5,373	0	10,019	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	5,558	984	11,847	984
Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0	0	$ 0
Corporate \| Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Corporate \| Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa
Segment Reporting Information [Line Items]
Total revenues	2,682	2,229	5,798	$ 2,311
Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	2,682	2,229	5,798	2,311
Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Africa \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Africa \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Africa \| Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Asia
Segment Reporting Information [Line Items]
Total revenues	8,983	4,348	18,193	7,962
Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	5,768	958	11,756	1,177
Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	1,866	1,866	3,710	3,711
Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	1,349	1,524	2,727	3,074
Asia \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Asia \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Asia \| Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Europe
Segment Reporting Information [Line Items]
Total revenues	9,255	1,127	18,394	3,581
Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	4,620	1,127	9,146	3,581
Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	4,635	0	9,248	0
Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Europe \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Europe \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Europe \| Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
North America
Segment Reporting Information [Line Items]
Total revenues	12,520	3,031	24,893	4,577
North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	613	1,010	1,093	1,522
North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	431	438	841	865
North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	545	599	1,093	1,206
North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	5,373	0	10,019	0
North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	5,558	984	11,847	984
North America \| Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
South America
Segment Reporting Information [Line Items]
Total revenues	124	0	259	0
South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	124	0	259	0
South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
South America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
South America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
South America \| Corporate
Segment Reporting Information [Line Items]
Total revenues	$ 0	$ 0	$ 0	$ 0

SEGMENT INFORMATION - Balance S

SEGMENT INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total assets	$ 2,010,542	$ 1,404,591
Debt	584,274	592,867
Total liabilities	668,093	691,094
Equity
Non-controlling interest in equity of consolidated subsidiaries	123,317	99,065
Total equity	1,342,449	713,497
Total liabilities and equity	2,010,542	1,404,591
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total assets	327,942	308,957
Debt	0	0
Total liabilities	49,245	50,282
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	278,697	258,675
Total liabilities and equity	327,942	308,957
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total assets	208,801	212,699
Debt	72,698	76,024
Total liabilities	76,662	81,903
Equity
Non-controlling interest in equity of consolidated subsidiaries	7,435	7,319
Total equity	132,139	130,796
Total liabilities and equity	208,801	212,699
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total assets	111,639	117,298
Debt	56,347	61,154
Total liabilities	56,723	61,434
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	54,916	55,864
Total liabilities and equity	111,639	117,298
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total assets	783,386	721,117
Debt	445,756	446,272
Total liabilities	460,405	470,561
Equity
Non-controlling interest in equity of consolidated subsidiaries	113,953	91,118
Total equity	322,981	250,556
Total liabilities and equity	783,386	721,117
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total assets	29,345	30,605
Debt	9,473	9,417
Total liabilities	18,598	19,499
Equity
Non-controlling interest in equity of consolidated subsidiaries	1,319	628
Total equity	10,747	11,106
Total liabilities and equity	29,345	30,605
Corporate
Segment Reporting Information [Line Items]
Total assets	549,429	13,915
Debt	0	0
Total liabilities	6,460	7,415
Equity
Non-controlling interest in equity of consolidated subsidiaries	610	0
Total equity	542,969	6,500
Total liabilities and equity	$ 549,429	$ 13,915

SEGMENT INFORMATION - Location

SEGMENT INFORMATION - Location of Long-Lived Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 521,517	$ 509,379
Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	521,517	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	302,542	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	175,640	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	43,335	43,888
Property, Plant and Equipment [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	803,543	737,707
Property, Plant and Equipment [Member] \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	302,542	286,873
Property, Plant and Equipment [Member] \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	175,640	178,618
Property, Plant and Equipment [Member] \| 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 [Member] \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	303,227	252,354
Property, Plant and Equipment [Member] \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	22,134	19,862
Property, Plant and Equipment [Member] \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	47,509	47,945
Property, Plant and Equipment [Member] \| Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	47,509	47,945
Property, Plant and Equipment [Member] \| 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 [Member] \| 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 [Member] \| 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 [Member] \| 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 [Member] \| Africa \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	154,123	159,869
Property, Plant and Equipment [Member] \| Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	114,235	119,232
Property, Plant and Equipment [Member] \| Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	39,888	40,637
Property, Plant and Equipment [Member] \| 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 [Member] \| 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 [Member] \| 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 [Member] \| Asia \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	244,585	243,743
Property, Plant and Equipment [Member] \| Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	108,833	105,762
Property, Plant and Equipment [Member] \| Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	135,752	137,981
Property, Plant and Equipment [Member] \| 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 [Member] \| 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 [Member] \| 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 [Member] \| Europe \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	352,662	285,551
Property, Plant and Equipment [Member] \| 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	27,301	13,335
Property, Plant and Equipment [Member] \| 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 [Member] \| 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 [Member] \| North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	303,227	252,354
Property, Plant and Equipment [Member] \| North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	22,134	19,862
Property, Plant and Equipment [Member] \| North America \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	4,664	599
Property, Plant and Equipment [Member] \| 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	4,664	599
Property, Plant and Equipment [Member] \| 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 [Member] \| 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 [Member] \| 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 [Member] \| 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 [Member] \| South America \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 0	$ 0

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net (loss) income attributable to shareholders	$ (837)	$ (1,352)	$ 4,611	$ 74
Weighted Average Shares Outstanding - Basic (in shares)	62,879,023	53,502,873	58,216,849	53,502,873
Weighted Average Shares Outstanding - Diluted (in shares)	62,879,023	53,502,873	58,216,918	53,502,873
Basic and Diluted EPS (in dollars per share)	$ (0.01)	$ (0.03)	$ 0.08	$ 0
Antidilutive shares excluded from the calculation of diluted EPS (in shares)	136

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - Jun. 30, 2015 $ in Thousands	USD ($)subsidiary
Variable Interest Entity [Line Items]
Number of subsidiaries \| subsidiary	2
MT6015
Variable Interest Entity [Line Items]
Equity contribution obligation	$ 11,925

COMMITMENTS AND CONTINGENCIES71

COMMITMENTS AND CONTINGENCIES - Minimum Future Rental Payments (Details) $ in Thousands	Jun. 30, 2015USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,015	$ 2,617
2,016	5,071
2,017	5,041
2,018	4,035
2,019	3,906
Thereafter	47,681
Total future minimum payments due	$ 68,351

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Aug. 11, 2015$ / shares
Subsequent Event \| Common Stock
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	$ 0.15