FTAI Aviation (FTAI) 10-Q 5 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 04, 2017
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	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Amendment Flag	false
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		75,762,674

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 221,222	$ 68,055
Restricted cash	56,032	65,441
Accounts receivable, net	22,616	21,358
Leasing equipment, net	829,275	765,455
Finance leases, net	9,607	9,717
Property, plant, and equipment, net	363,775	352,181
Investments (includes $30,821 and $17,630 available-for-sale securities at fair value as of March 31, 2017 and December 31, 2016, respectively)	58,181	39,978
Intangible assets, net	36,638	38,954
Goodwill	116,584	116,584
Other assets	45,168	69,589
Total assets	1,759,098	1,547,312
Liabilities
Accounts payable and accrued liabilities	33,362	38,239
Debt, net	495,482	259,512
Maintenance deposits	52,216	45,394
Security deposits	21,636	19,947
Other liabilities	19,841	18,540
Total liabilities	622,537	381,632
Commitments and contingencies
Equity
Common shares ($0.01 par value per share; 2,000,000,000 shares authorized; 75,762,674 and 75,750,943 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively)	758	758
Additional paid in capital	1,059,904	1,084,757
Accumulated deficit	(43,247)	(38,833)
Accumulated other comprehensive income	11,989	7,130
Shareholders' equity	1,029,404	1,053,812
Non-controlling interest in equity of consolidated subsidiaries	107,157	111,868
Total equity	1,136,561	1,165,680
Total liabilities and equity	$ 1,759,098	$ 1,547,312

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Available-for-sale securities	$ 30,821	$ 17,630
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)	75,762,674	75,750,943
Common stock, shares outstanding (in shares)	75,762,674	75,750,943

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues
Total revenues	$ 44,673	$ 31,453
Expenses
Operating expenses	21,013	14,358
General and administrative	3,835	2,588
Acquisition and transaction expenses	1,452	1,059
Management fees and incentive allocation to affiliate	3,893	4,348
Depreciation and amortization	17,377	13,217
Interest expense	4,694	5,303
Total expenses	52,264	40,873
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	(1,266)	85
Gain on sale of equipment and finance leases, net	2,018	1,722
Loss on extinguishment of debt	(2,456)	(1,579)
Interest income	283	9
Other income	12	40
Total other (expense) income	(1,409)	277
Loss before income taxes	(9,000)	(9,143)
Provision for (benefit from) income taxes	212	(66)
Net loss	(9,212)	(9,077)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(4,798)	(3,295)
Net loss attributable to shareholders	$ (4,414)	$ (5,782)
Basic and Diluted Loss per Share
Basic and Diluted (in dollars per share)	$ (0.06)	$ (0.08)
Weighted Average Shares Outstanding - Basic (in shares)	75,762,283	75,727,369
Weighted Average Shares Outstanding - Diluted (in shares)	75,762,283	75,727,369
Equipment Leasing
Revenues
Total revenues	$ 31,388	$ 19,575
Infrastructure
Revenues
Total revenues	$ 13,285	$ 11,878

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (9,212)	$ (9,077)
Other comprehensive (loss) income:
Change in fair value of cash flow hedge	0	(97)
Change in fair value of available-for-sale securities	4,859	0
Comprehensive loss	(4,353)	(9,174)
Comprehensive loss attributable to non-controlling interest	(4,798)	(3,295)
Comprehensive income (loss) attributable to shareholders	$ 445	$ (5,879)

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - 3 months ended Mar. 31, 2017 - 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, 2016	$ 1,165,680	$ 758	$ 1,084,757	$ (38,833)	$ 7,130	$ 111,868
Comprehensive loss:
Net loss for the period	(9,212)			(4,414)		(4,798)
Other comprehensive income	4,859				4,859
Comprehensive loss	(4,353)			(4,414)	4,859	(4,798)
Dividends declared	(25,013)		(25,013)			0
Issuance of common shares	160		160
Equity-based compensation	87					87
Ending balance at Mar. 31, 2017	$ 1,136,561	$ 758	$ 1,059,904	$ (43,247)	$ 11,989	$ 107,157

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net loss	$ (9,212)	$ (9,077)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Equity in losses (earnings) of unconsolidated entities	1,266	(85)
Gain on sale of equipment and finance leases, net	(2,018)	(1,722)
Loss on extinguishment of debt	2,456	1,579
Equity-based compensation	87	(3,963)
Depreciation and amortization	17,377	13,217
Change in current and deferred income taxes	209	(389)
Change in fair value of non-hedge derivative	0	3
Amortization of lease intangibles and incentives	1,949	1,637
Amortization of deferred financing costs	1,133	585
Operating distributions from unconsolidated entities	0	30
Bad debt expense	31	32
Other	37	138
Change in:
Accounts receivable	(1,626)	(1,769)
Other assets	11,227	(2,849)
Accounts payable and accrued liabilities	(4,992)	(1,284)
Management fees payable to affiliate	(347)	(81)
Other liabilities	103	199
Net cash provided by (used in) operating activities	17,680	(3,799)
Cash flows from investing activities:
Change in restricted cash	9,409	(2,917)
Investment in notes receivable	0	(408)
Investment in unconsolidated entities and available for sale securities	(14,654)	0
Principal collections on finance leases	110	2,204
Acquisition of leasing equipment	(67,695)	(27,317)
Acquisition of property plant and equipment	(14,796)	(8,622)
Purchase deposit for aircraft and aircraft engines	(1,120)	(3,275)
Proceeds from sale of finance leases	0	71,000
Proceeds from sale of leasing equipment	9,834	4,392
Proceeds from sale of property, plant and equipment	52	36
Proceeds from deposit on sale of leasing equipment	60	0
Return of capital distributions from unconsolidated entities	0	401
Net cash (used in) provided by investing activities	(78,800)	35,494
Cash flows from financing activities:
Proceeds from debt	235,411	103,158
Repayment of debt	(1,562)	(146,410)
Payment of deferred financing costs	(366)	(2,494)
Receipt of security deposits	1,425	455
Return of security deposits	(32)	(124)
Receipt of maintenance deposits	4,424	3,071
Release of maintenance deposits	0	(5,385)
Capital contributions from non-controlling interests	0	6,420
Cash dividends	(25,013)	(24,177)
Net cash provided by (used in) financing activities	214,287	(65,486)
Net increase (decrease) in cash and cash equivalents	153,167	(33,791)
Cash and cash equivalents, beginning of period	68,055	381,703
Cash and cash equivalents, end of period	221,222	347,912
Supplemental disclosure of non-cash investing and financing activities:
Restricted cash proceeds from borrowings of debt	0	44,342
Proceeds from borrowings of debt	108,089	0
Repayment of debt	(100,000)	0
Acquisition of leasing equipment	(18,324)	(1,920)
Acquisition of property, plant and equipment	(303)	(353)
Settled and assumed security deposits	296	(176)
Billed, assumed and settled maintenance deposits	2,398	173
Deferred financing costs	(9,117)	(3,072)
Common share issuance costs	160	112
Dividends payable	$ 0	$ (827)

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2017
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 Worldwide 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”), a multi-modal crude oil and refined products terminal in Beaumont, Texas (“Jefferson Terminal”) and deep-water port located along the Delaware River with an underground storage cavern and multiple industrial development opportunities (“Repauno”). The Company has six reportable segments, Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals, which operate in two primary businesses, Equipment Leasing and Infrastructure (Note 14 ).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting — The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its subsidiaries. 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. 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. Variable Interest Entities — The assessment of whether an entity is a variable interest entity (“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. WWTAI IES MT6015 Ltd The Company has an interest in WWTAI IES MT6015 Ltd. (“MT6015”), an entity formed in 2014 which had 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 $75,000 . A subsidiary of the Company and a third party each hold a 50% interest in MT6015 and have equal representation on its board of directors. In connection with the initial capitalization of MT6015, another subsidiary of the Company provided the third party partner with a $3,725 loan which was utilized by the third party partner to fund its equity contribution to MT6015. In addition, the agreement provides the Company with disproportionate voting rights, in certain situations, as defined in the agreement. Accordingly, the Company determined that MT6015 is a VIE and that it was the primary beneficiary; accordingly, MT6015 has been presented on a consolidated basis in the accompanying financial statements. During the second quarter of 2016, the Company determined not to proceed with the purchase of the Vessel. The shipbuilder delivered a notice of termination of the shipbuilding contract to MT6015 in July 2016. Correspondingly, in the second quarter of 2016, the Company recorded an impairment in its MT6015 investment of $7,450 . The shipbuilder has no further recourse to the Company. JGP Energy Partners LLC During the quarter ended September 30, 2016, the Company initiated activities in its 50% owned joint venture, JGP Energy Partners LLC (“JGP”). The other 50% member to the joint venture is a third party ethanol producer. The purpose of the venture is to build storage capacity with capabilities to receive and/or distribute ethanol via water, rail or truck. Each member agreed to contribute up to $27,000 (for a total of $54,000 ) for the development and construction of the ethanol terminal facilities. JGP is governed by a designated operating committee selected by the members in proportion to their equity interests. JGP is solely reliant on its members to finance its activities and therefore is a VIE. The Company concluded that it is not the primary beneficiary of JGP as the members share equally in the risks and rewards and decision making authority of the entity; therefore, the Company does not consolidate JGP and accounts for this investment in accordance with the equity method. Refer to Note 6 for details. Delaware River Partners LLC On July 1, 2016, the Company, through Delaware River Partners LLC (“DRP”), a consolidated subsidiary, purchased the assets of Repauno, which consisted primarily of land, a storage cavern, and riparian rights for the acquired land, site improvements and rights. Currently there are no operational processes that could be applied to these assets that would result in outputs without significant green field development. The Company currently holds a 90% economic interest and a 100% voting interests in DRP. DRP is solely reliant on the Company to finance its activities and therefore is a VIE. The Company concluded it was the primary beneficiary; and accordingly, DRP has been presented on a consolidated basis in the accompanying financial statements. The Company has the right to purchase an additional 8% economic interest from the non-controlling party after the second anniversary but prior to the fifth year anniversary of the acquisition of Repauno. At the time of the purchase, the Company concluded that 8% of the 10% interest held by the non-controlling party does not share in the risks or rewards of true equity; and, therefore $5,321 was recorded in other liabilities on the Company’s Consolidated Balance Sheets. The remaining 2% economic non-controlling interest was valued at $641 at the acquisition date. Cash and Cash Equivalents — The Company considers all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents. Restricted Cash — Restricted cash of $56,032 and $65,441 as of March 31, 2017 and December 31, 2016 , respectively, consists of prepaid interest and principal pursuant to the requirements of certain of the Company’s debt agreements (Note 8 ), and funds set aside for qualifying constructions projects at Jefferson Terminal. Available-For-Sale Securities — The Company considers listed equity securities as available-for-sale securities recorded at fair value with unrealized gains (losses) recorded in other comprehensive income (loss) and realized gains (losses) recorded in earnings. The Company’s basis on which the cost of the security sold or the amount reclassified out of other comprehensive income into earnings is determined using specific identification. Available-for-sale securities are included as a component of investments on the accompanying Consolidated Balance Sheets. At each balance sheet date, the Company evaluates its available for sale securities holdings with unrealized losses to determine if an other-than-temporary impairment has occurred. Refer to Note 6 and 9 for details. Deferred Financing Costs — Costs incurred in connection with obtaining long term financing are capitalized and amortized to interest expense over the term of the underlying loans. Unamortized deferred financing costs of $12,493 and $6,489 as of March 31, 2017 and December 31, 2016 , respectively, are recorded as a component of debt in the accompanying Consolidated Balance Sheets. Amortization expense of $1,133 and $585 for the three months ended March 31, 2017 and 2016 , respectively, are included as a component of interest expense in the accompanying Consolidated Statements of Operations. Concentration of Credit Risk — The Company is subject to concentrations of credit risk with respect to amounts due from customers on its finance lease and operating leases. The Company attempts to limit its credit risk by performing ongoing credit evaluations. During the three months ended March 31, 2017 , the Company had no revenue concentration over 10% of total revenue from any one customer. During the three months ended March 31, 2016 , the Company earned approximately 12% of its revenue from one customer in the Jefferson Terminal segment. As of March 31, 2017 , accounts receivable from two customers in the Offshore Energy segment each represented 15% and 17% of total accounts receivable, net. As of December 31, 2016 , accounts receivable from two customers in the Offshore Segment each represented 22% and 18% of total accounts receivable, net. The Company maintains cash and restricted cash balances, which generally exceed federally insured limits, and subject the Company to credit risk, in high credit quality financial institutions. The Company monitors the financial condition of these institutions and has not experienced any losses associated with these accounts. Provision for Doubtful Accounts — The Company determines the provision for doubtful accounts based on its assessment of the collectability of its receivables on a customer-by-customer basis. The provision for doubtful accounts at March 31, 2017 and December 31, 2016 was $430 and $418 , respectively. Bad debt expense was $31 and $32 for the three months ended March 31, 2017 and 2016 , 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 the available-for-sale securities and derivatives accounted for as cash flow hedges. Other Assets— Other assets is primarily comprised of notes receivables of $22,513 and $22,469 , leasing equipment purchase deposits of $1,873 and $13,701 , capitalized costs for potential asset acquisitions of $2,749 and $2,116 , prepaid expenses of $2,233 and $3,440 , and receivables of $9,244 and $21,501 as of March 31, 2017 and December 31, 2016 , respectively. Dividends— Dividends are recorded if and when declared by the Board of Directors. For the first quarter ended March 31, 2017 , the Board of Directors declared a cash dividend of $0.33 per share. For the first quarter ended March 31, 2016 , the Board of Directors declared a cash dividend of $0.33 per share. Recent Accounting Pronouncements — In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330) (“ASU 2015-11”), which simplifies the measurement of inventory by requiring certain inventory to be measured at the “lower of cost and net realizable value” and the previous parameters for “market value” will be eliminated. ASU 2015-11 defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” The standard will be effective for fiscal years beginning after December 15, 2016, with earlier adoption permitted. The adoption of this standard did not have a material impact on our financial statements during the first quarter of 2017. In March 2016, the FASB issued ASU 2016-06, Contingent put and call options in debt instruments (“ASU 2016-06”). ASU 2016-06 simplifies the embedded derivative analysis for debt instruments containing contingent call or put options. ASU 2016-06 will be effective fiscal years beginning after December 15, 2016, and interim periods within those fiscal years, with early adoption permitted. The Company adopted ASU 2016-06 as of January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). ASU 2016-09 requires the income tax effects of awards to be recognized in the income statement when the awards vest or are settled, increases the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification, and allow recognizing forfeitures of awards as they occur. ASU 2016-09 will be effective beginning in the first quarter of 2017, with early adoption permitted. The Company adopted ASU 2016-09 as of January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control (“ASU 2016-17”). ASU 2016-17 amends the consolidation guidance on how a reporting entity that is the single decision maker of a VIE should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. Under the amendments, a single decision maker is not required to consider indirect interests held through related parties that are under common control with the single decision maker to be the equivalent of direct interests in their entirety. Instead, a single decision maker is required to include those interests on a proportionate basis consistent with indirect interests held through other related parties. ASU 2016-17 will be effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company adopted ASU 2016-17 as of January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805)(“ASU 2017-01”) . ASU 2017-01 clarifying the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of businesses or assets. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company adopted ASU 2017-01 as of January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Unadopted Accounting Pronouncements — In May 2014, the FASB issued ASU 2014-09, Revenues from Contracts with Customers (Topic 606) (“ASU 2014-09”) . ASU 2014-09 requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In August 2015, the FASB deferred the effective date of this standard by one year, which will be for fiscal years, and interim periods within those years, beginning after December 15, 2017. Additionally, during 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers, Principal versus Agent Considerations, ASU 2016-10, Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing and ASU 2016-12, Revenue from Contracts with Customers, Narrow-Scope Improvements and Practical Expedients , ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers , which clarify the guidance on reporting revenue as a principal versus agent, identifying and disclosing performance obligations, accounting for intellectual property licenses, and assessing collectibility, present sales tax, treating noncash consideration. The Company’s evaluation of the impact of the new guidance on its consolidated financial statements is ongoing. The Company’s implementation efforts include the identification of revenue within the scope of the guidance, the evaluation of those revenue contracts, education and discussions with the Company’s control functions. The Company continues to evaluate the timing of recognition for various revenues, however, since a substantial portion of the Company’s revenue is recognized from its leasing contracts, subject to ASU 2016-02 Leases, these have been excluded from the evaluation. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019, with early adoption permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company’s evaluation of the impact of the new guidance on its consolidated financial statements is ongoing. The Company is currently identifying the lease arrangements within the scope of the new guidance, and evaluating the impact of the lease arrangements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires (i) equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income, (ii) public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. ASU 2016-01 also eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”) . For assets held at amortized cost basis, ASU 2016-13 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however this ASU requires that credit losses be presented as an allowance rather than as a write-down. This ASU affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”) . ASU 2016-15 addresses the following eight specific cash flow issues: (i) debt prepayment or debt extinguishment costs; (ii) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; (iii) contingent consideration payments made after a business combination; (iv) proceeds from the settlement of insurance claims; (v) proceeds from the settlement of corporate-owned life insurance policies (COLIs); (vi) distributions received from equity method investees; (vii) beneficial interests in securitization transactions; (viii) and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”). ASU 2016-16 prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. In addition, interpretations of this guidance have developed in practice for transfers of certain intangible and tangible assets. This prohibition on recognition is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP. To more faithfully represent the economics of intra-entity asset transfers, the amendments ASU 2016-16 require that entities recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments in ASU 2016-16 do not change GAAP for the pre-tax effects of an intra-entity asset transfer under Topic 810, Consolidation, or for an intra-entity transfer of inventory. ASU 2016-16 will be effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual reporting periods. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (“ASU 2016-18”) . ASU 2016-18 addresses the diversity in the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230, Statement of Cash Flows. The amendments in ASU 2016-18 require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU apply to all entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic 230. ASU 2016-18 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323) (“ASU 2017-03”). ASU 2017-03 adds and amends SEC paragraphs pursuant to the SEC Staff Announcements at the September 22, 2016 and November 17, 2016 Emerging Issues Task Force (EITF) meetings. The September announcement is about the disclosure of the impact that recently issued accounting standards will have on the financial statements of a registrant when such standards are adopted in a future period. The November announcement made amendments to conform the SEC Observer Comment on Accounting for Tax Benefits Resulting from Investments in Qualified Affordable Housing Projects to the guidance issued in ASU 2014-01, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 addresses concerns over the cost and complexity of the two-step goodwill impairment test by removing the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) : Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (“ASU 2017-05”). ASU 2017-05 amendments the scope of the nonfinancial asset guidance in Subtopic 610-20. The amendments also clarify that the derecognition of all businesses and nonprofit activities (except those related to conveyances of oil and gas mineral rights or contracts with customers) should be accounted for in accordance with the derecognition and deconsolidation guidance in Subtopic 810-10. In addition, the amendments eliminate the exception in the financial asset guidance for transfers of investments (including equity method investments) in real estate entities and supersede the guidance in the Exchanges of a Nonfinancial Asset for a Noncontrolling Ownership Interest Subsection within Topic 845. The amendments in ASU 2017-05 also provide guidance on the accounting for what often are referred to as partial sales of nonfinancial assets within the scope of Subtopic 610-20 and contributions of nonfinancial assets to a joint venture or other noncontrolled investee. ASU 2017-05 will be effective for annual reporting periods beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In February 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (“ASU 2017-07”). ASU 2017-07 requires an entity to present net periodic pension cost and net periodic postretirement benefit cost as a net amount that may be capitalized as part of an asset where appropriate. ASU 2017-06 will be effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements but does not except any material impact on its financial statements.

LEASING EQUIPMENT

LEASING EQUIPMENT	3 Months Ended
	Mar. 31, 2017
Leases [Abstract]
LEASING EQUIPMENT, NET	LEASING EQUIPMENT, NET Leasing equipment, net is summarized as follows: March 31, 2017 December 31, 2016 Leasing equipment $ 926,164 $ 849,565 Less: Accumulated depreciation (96,889 ) (84,110 ) Leasing equipment, net $ 829,275 $ 765,455 During the three months ended March 31, 2017 , the Company acquired six aircraft and twelve commercial jet engines, and sold one aircraft. Depreciation expense for leasing equipment is summarized as follows: Three Months Ended March 31, 2017 2016 Depreciation expense for leasing equipment $ 13,173 $ 9,292

FINANCE LEASES, NET

FINANCE LEASES, NET	3 Months Ended
	Mar. 31, 2017
Leases [Abstract]
FINANCE LEASES, NET	FINANCE LEASES, NET Finance leases, net are summarized as follows: March 31, 2017 December 31, 2016 Finance leases $ 17,524 $ 18,022 Unearned revenue (7,917 ) (8,305 ) Finance leases, net $ 9,607 $ 9,717 As of March 31, 2017 , future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows: Total 2017 $ 1,510 2018 2,008 2019 2,008 2020 2,013 2021 2,008 Thereafter 7,977 Total $ 17,524

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net is summarized as follows: March 31, 2017 December 31, 2016 Land, site improvements and rights $ 57,617 $ 57,617 Construction in progress 63,921 49,605 Buildings and improvements 3,194 2,750 Crude oil terminal machinery and equipment 236,732 236,652 Track and track related assets 22,956 22,948 Railroad equipment 1,101 1,091 Railcars and locomotives 2,931 2,909 Computer hardware and software 391 388 Furniture and fixtures 418 405 Vehicles 985 985 390,246 375,350 Less: Accumulated depreciation (29,317 ) (26,002 ) Spare parts 2,846 2,833 Property, plant and equipment, net $ 363,775 $ 352,181 During the three months ended March 31, 2017 , additional property, plant and equipment of $14,960 was acquired, consisting primarily of construction in progress, buildings and improvements, crude oil machinery and equipment, and railcars and locomotives. During the three months ended March 31, 2017 , disposals of property, plant and equipment totaled $52 . During the three months ended March 31, 2016 , disposals of property, plant and equipment totaled $36 , mainly related to railroad equipment, vehicles, and furniture and fixtures. Depreciation expense for property, plant and equipment is summarized as follows: Three Months Ended March 31, 2017 2016 Depreciation expense for property, plant and equipment $ 3,304 $ 3,026

INVESTMENTS

INVESTMENTS	3 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS The following table presents the ownership interests and carrying values of the Company’s investments: Carrying Value Investment Ownership Percentage March 31, 2017 December 31, 2016 Listed securities Available-for-sale 2% $ 30,821 $ 17,630 Advanced Engine Repair JV Equity method 25% 14,264 15,000 JGP Energy Partners LLC Equity method 50% 9,522 3,266 Intermodal Finance I, Ltd. Equity method 51% 3,574 4,082 Investments $ 58,181 $ 39,978 Available-for-sale securities Equity Securities December 31, 2016 $ 17,630 Purchases 8,332 Unrealized Gains 4,859 March 31, 2017 $ 30,821 Cost $ 18,833 The Company did not recognize any other-than-temporary impairments for the three months ended March 31, 2017 . Equity Method Investments Advanced Engine Repair JV In December 2016, the Company invested $15,000 for 25% interest in an advanced engine repair joint venture. The Company will initially focus on developing new costs savings programs for engine repairs. The primary financial activities for the joint venture relate to member contributions and therefore its summary financial information has not been presented. The Company’s proportionate share of equity in losses was $736 for the three months ended March 31, 2017 . JGP In 2016, the Company initiated activities in a 50% non-controlling interest in JGP, a joint venture. JGP is governed by a designated operating committee selected by the members in proportion to their equity interests. JGP is solely reliant on its members to finance its activities and therefore is a variable interest entity. The Company concluded it is not the primary beneficiary of JGP as the members share equally in the risks and rewards and decision making authority of the entity; therefore, the Company does not consolidate JGP and instead accounts for this investment in accordance with the equity method. The primary financial activities for JGP relate to member investments and therefore JGP summary financial information has not been presented. The Company’s proportionate share of equity in losses was $65 for the three months ended March 31, 2017 . Intermodal Finance I, Ltd. In 2012, the Company acquired a 51% non-controlling interest in Intermodal Finance I, Ltd. (“Intermodal”), a joint venture. Intermodal is governed by a board of directors, and its shareholders have voting rights through their equity interests. As such, Intermodal is not within the scope of ASC 810-20 and should be evaluated for consolidation under the voting interest model. Due to the existence of substantive participating rights of the 49% equity investor, including the joint approval of material operating and capital decisions, such as material contracts and capital expenditures consistent with ASC 810-10-25-11, the Company does not have unilateral rights over this investment; therefore, the Company does not consolidate Intermodal but accounts for this investment in accordance with the equity method. The Company does not have a variable interest in this investment as none of the criteria of ASC 810-10-15-14 were met. As of March 31, 2017 , Intermodal owns a portfolio of multiple finance leases, representing five customers and comprising approximately 52,000 shipping containers, as well as a portfolio of approximately 20,000 shipping containers subject to multiple operating leases. The Company’s proportionate share of equity in (losses) earnings was $(465) and $85 for the three months ended March 31, 2017 and 2016, respectively.

INTANGIBLE ASSETS AND LIABILITI

INTANGIBLE ASSETS AND LIABILITIES, NET	3 Months Ended
	Mar. 31, 2017
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: March 31, 2017 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 26,596 $ — $ — $ 26,596 Less: Accumulated amortization (16,405 ) — — (16,405 ) Acquired favorable lease intangibles, net 10,191 — — 10,191 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (9,160 ) (131 ) (9,291 ) Acquired customer relationships, net — 26,353 94 26,447 Total intangible assets, net $ 10,191 $ 26,353 $ 94 $ 36,638 Intangible liabilities Acquired unfavorable lease intangibles $ 2,305 $ — $ — $ 2,305 Less: Accumulated amortization (760 ) — — (760 ) Acquired unfavorable lease intangibles, net $ 1,545 $ — $ — $ 1,545 December 31, 2016 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 26,605 $ — $ — $ 26,605 Less: Accumulated amortization (14,998 ) — — (14,998 ) Acquired favorable lease intangibles, net 11,607 — — 11,607 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (8,271 ) (120 ) (8,391 ) Acquired customer relationships, net — 27,242 105 27,347 Total intangible assets, net $ 11,607 $ 27,242 $ 105 $ 38,954 Intangible liabilities Acquired unfavorable lease intangibles $ 1,506 $ — $ — $ 1,506 Less: Accumulated amortization (627 ) — — (627 ) Acquired unfavorable lease intangibles, net $ 879 $ — $ — $ 879 Intangible liabilities relate to unfavorable lease intangibles and are included as a component of other liabilities in the accompanying Consolidated Balance Sheets. Amortization of intangible assets and liabilities is recorded in the Consolidated Statements of Operations as follows: Classification in Consolidated Statements of Operations Three Months Ended March 31, 2017 2016 Lease intangibles Equipment leasing revenues $ 1,282 $ 1,578 Customer relationships Depreciation and amortization 900 899 Total $ 2,182 $ 2,477 As of March 31, 2017 , estimated net annual amortization of intangibles is as follows: Total 2017 $ 5,564 2018 7,007 2019 5,401 2020 4,055 2021 3,591 Thereafter 9,475 Total $ 35,093

DEBT, NET

DEBT, NET	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
DEBT, NET	DEBT, NET The Company’s debt, net is summarized as follows: March 31, 2017 December 31, 2016 Loans payable FTAI Pride Credit Agreement $ 59,375 $ 60,937 CMQR Credit Agreement 13,625 12,625 Total loans payable 73,000 73,562 Bonds payable Series 2012 Bonds (including unamortized premium of $1,682 and $1,697 at March 31, 2017 and December 31, 2016, respectively) 45,872 45,887 Series 2016 Bonds 144,200 144,200 Senior Notes (including unamortized discount of $7,449 at March 31, 2017) 242,551 — Total bonds payable 432,623 190,087 Note payable to non-controlling interest Note payable to non-controlling interest 2,352 2,352 Total note payable to non-controlling interest 2,352 2,352 Debt 507,975 266,001 Less: Debt issuance costs (12,493 ) (6,489 ) Total debt, net $ 495,482 $ 259,512 Total debt due within one year $ 6,516 $ 8,078 FTAI Pride Credit Agreement — On September 15, 2014, FTAI Pride, LLC, (“FTAI Pride”) a subsidiary of the Company entered into a credit agreement (the “FTAI Pride Credit Agreement”) with a financial institution for a term loan in an aggregate amount of $75,000 . The loan proceeds were used in connection with the acquisition of an offshore construction vessel. The FTAI Pride Credit Agreement requires quarterly payments of interest and scheduled principal payments of $1,562 beginning in the quarter ending December 31, 2015 , through its maturity and can be prepaid without penalty at any time. The FTAI Pride Credit Agreement is secured on a first priority basis by the offshore construction vessel. Borrowings under the FTAI Pride Credit Agreement bear interest at the LIBOR rate plus a spread of 4.50% . The FTAI Pride Credit Agreement contains affirmative and negative covenants which limit certain actions of the borrower and a financial covenant requiring the borrower to maintain a Fixed Charges Coverage Ratio, as defined, of not less than 1.15 :1.00 in any twelve month period ending December 31, 2014, or later. CMQR Credit Agreement — On March 28, 2016, CMQR amended its credit agreement (the “CMQR Credit Agreement”) with a financial institution for a revolving line of credit to increase the aggregate amount from $10,000 to $20,000 and to extend the maturity date to September 18, 2018. Borrowings under the CMQR Credit Agreement bear interest at either (i) Adjusted LIBOR plus a spread of 2.50% or 4.50% , (ii) the U.S. or Canadian Base Rate plus a spread of 1.50% or 3.50% , or (iii) the Canadian Fixed Rate plus a spread of 2.50% or 4.50% , as defined by the CMQR Credit Agreement. The weighted-average effective interest rate as of March 31, 2017 was 3.41% . The CMQR Credit Agreement is also indirectly supported by Fortress Transportation and Infrastructure Investors LLC (the “Sponsor”). In the event of a default under the credit agreement, CMQR’s lenders can cause CMQR to call up to a total of $29,000 in capital from the Sponsor, and in the event of CMQR’s bankruptcy, the lenders can put the debt back to the Sponsor. The CMQR Credit Agreement contains affirmative and negative covenants which limit certain actions of CMQR. Jefferson Terminal Credit Agreement — On August 27, 2014, a subsidiary of the Company entered into a credit agreement (the “Jefferson Terminal Credit Agreement”) with a financial institution for an aggregate amount of $100,000 . The Jefferson Terminal Credit Agreement required quarterly payments of $250 beginning with the quarter ending December 31, 2014, with such quarterly payments increasing to $1,250 beginning with the quarter ending December 31, 2016, and could be prepaid or repaid at any time prior to its maturity on February 27, 2018. On March 8, 2016, all amounts outstanding under the Jefferson Terminal Credit Agreement were paid in full and such agreement was terminated. Accordingly, during the first quarter of 2016, the Company recorded a loss on extinguishment of debt of $1,579 . Series 2012 Bonds — On August 1, 2012, Jefferson County Development Corporation issued $46,875 of tax-exempt industrial bonds (“Series 2012 Bonds”), to specifically fund construction and operation of an intermodal transfer facility for crude oil and refined petroleum products. The proceeds of this issuance were loaned to Jefferson Terminal, to be held in trust, as restricted cash, to ensure adherence to the restrictions of use of the funds. Use of the proceeds requires approval from a trustee prior to release of funds. Such restricted cash may only be released to us after payment of applicable reserves, including a six -month interest reserve, and expenses, as determined by the trustee. The Series 2012 Bonds have a stated maturity of July 1, 2032, bear interest at 8.25% , and require scheduled principal payments. The principal of the Series 2012 Bonds is payable annually at varying amounts. In connection with the Company’s acquisition of Jefferson Terminal, the Series 2012 Bonds were recorded at a fair value of $48,554 , which represented a premium of $1,823 as compared to their face value at the date of acquisition; such premium is being amortized using the effective interest method over the remaining contractual term of the Series 2012 Bonds. The Series 2012 Bond agreement contains a financial covenant requiring a subsidiary of the Company to maintain a long-term debt service coverage ratio, as defined in the agreement, of 1.25 to 1, in each fiscal year, beginning with December 31, 2014. Series 2016 Bonds — On March 7, 2016, the Port of Beaumont Navigation District of Jefferson County, Texas (the “District”) issued $144,200 of Dock and Wharf Facility Revenue Bonds, Series 2016 (Jefferson Energy Companies Project) (the “Series 2016 Bonds”). Proceeds from the issuance of the Series 2016 Bonds were used, in part, to reimburse Jefferson Railport Terminal II, LLC (“Jefferson Railport II”) for certain costs related to the development, construction and acquisition of certain facilities for the transport, loading, unloading, and storage of petroleum products (the “Facilities”) on behalf of the District, and settle the Jefferson Terminal Credit Agreement. Construction of the Facilities has occurred, and will occur, on property leased by the District to Jefferson Railport II pursuant to a First Amended and Restated Ground Lease between Jefferson Railport II, as lessee, and the District, as lessor. All such Facilities will be leased by the District to Jefferson Railport II pursuant to a Lease and Development Agreement between the District and Jefferson Railport II. The transaction described above did not qualify for sale-leaseback accounting due to the continuing involvement of the Company resulting from the mandatory tender feature and, as a result, the leases were classified as a financing transaction in the Company’s consolidated financial statements. Under the financing method, the assets constructed or to be constructed will remain on the consolidated balance sheet and the net proceeds received by the Company are recorded as financial debt. Payments under these leases are recorded as interest expense and reduction of principal in accordance with the terms of the bond agreement with annual interest payments and a principal repayment at February 13, 2020 barring a remarketing of the bond on new terms. Under a Capital Call Agreement, the Company has agreed to make funds available to Jefferson Holdings in order to satisfy its obligation under the Standby Bond Purchase Agreement. The Capital Call Agreement contains certain covenants applicable to the Company, including a negative lien covenant regarding Aviation Assets, as defined therein, as well as maintenance of a minimum total asset value of Aviation Assets and minimum total equity of the Company. In connection with the above, and related to the Series 2016 Bonds, a subsidiary of the Company and an affiliate of its Manager entered into a Fee and Support Agreement with FTAI Energy Partners LLC and certain of its subsidiaries. The Fee and Support Agreement provides that both such subsidiary of the Company and affiliate of the Manager will effectively guarantee a pro rata portion of the obligations under the Standby Bond Purchase Agreement in return for a guarantee fee of $6,873 (shared on the same pro rata basis). This fee will be amortized as interest expense to the earlier of the redemption date or February 13, 2020. The Series 2016 Bonds bear interest at an initial rate of 7.25% and require scheduled interest payments. The Series 2016 Bonds have a stated maturity of February 1, 2036 but are subject to mandatory tender for purchase at par on February 13, 2020 if they have not been repurchased from proceeds of a remarketing of the Series 2016 Bonds or redeemed prior to such date. In the event all of the Series 2016 Bonds are not repurchased from proceeds of a remarketing or redeemed at February 13, 2020, Jefferson Railport and Jefferson Railport Terminal II Holdings LLC (“Jefferson Holdings”), a Delaware limited liability company and parent of Jefferson Railport II, have agreed to purchase the Series 2016 Bonds from the Holders thereof at par pursuant to a Standby Bond Purchase Agreement. In addition, pursuant to the Standby Purchase Agreement, Jefferson Holdings will guarantee the payment of all Rent (as defined in the Facilities Lease), and all principal of and premium and interest on the Series 2016 Bonds payable prior to repurchase or redemption at February 13, 2020. Term Loan — On January 23, 2017, Company entered into an unsecured credit agreement under which the Company, through its wholly owned subsidiaries, including the Partnership and WWTAI Finance Ltd., an exempted company incorporated with limited liability under the laws of Bermuda, borrowed $100,000 in term loans denominated in U.S. dollars (the “Term Loans”). The proceeds of the Term Loan are to be used for general corporate purposes, including future acquisitions by the Company and its subsidiaries of certain aviation and infrastructure assets. The Term Loans bear interest at the Base Rate (determined in accordance with the agreement) plus 2.75% per annum, or at the Adjusted Eurodollar Rate (determined in accordance with the agreement) plus 3.75% per annum, if the Company chooses to make Eurodollar Rate borrowings. The Term Loans mature on January 22, 2018, subject to the Company’s right to elect a one year extension, and require amortization payments in the amount of $250 on the last day of each fiscal quarter beginning on March 31, 2017. On March 15, 2017, all amounts outstanding under the Term Loan were repaid in full and the agreement was terminated. Accordingly, during three months ended March 31, 2017 , the Company recorded a loss on extinguishment of debt of $2,456 . Senior Notes — On March 15, 2017, Company issued $250,000 aggregate principal amount of 6.75% senior unsecured notes due 2022 (the “Senior Notes”). The Senior Notes were issued pursuant to an indenture, dated as of March 15, 2017, between the Company and U.S. Bank National Association, as trustee. The Senior Notes bear interest at a rate of 6.75% per annum, payable semi-annually in arrears on March 15 and September 15 of each year, commencing on September 15, 2017, to persons who are registered holders of the Senior Notes on the immediately preceding March 1 and September 1, respectively. The Senior Notes mature on March 15, 2022. Prior to March 15, 2020, the Company may redeem some or all of the Senior Notes at a redemption price equal to 100.00% of the principal amount of the Senior Notes redeemed, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date, plus a “make-whole” premium. On or after March 15, 2020, the Company may redeem some or all of the Senior Notes at any time at declining redemption prices equal to (i) 105.063% beginning on March 15, 2020, and (ii) 100.000% beginning on March 15, 2021 and thereafter, plus, in each case, accrued and unpaid interest, if any, to, but not including, the applicable redemption date. In addition, at any time on or prior to March 15, 2020, the Company may at any time redeem up to 40% of the aggregate principal amount of the Senior Notes using net proceeds from certain equity offerings at a redemption price equal to 106.75% of the principal amount of the Senior Notes redeemed, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date. The Company used a portion of the proceeds to fully repay all outstanding indebtedness under the Company’s Term Loan in the amount of $100,000 , payment of fees related to the issuance of Senior Notes, and to fund the purchase of additional investments. The Company intends to use the remainder of the proceeds for general corporate purposes, including the funding of future investments. Note Payable to Non-Controlling Interest — In May 2013, in connection with the capitalization of a consolidated subsidiary, the Company and the owner of the non-controlling interest loaned approximately $18,275 and $3,225 , respectively, to the entity in proportion to their respective ownership percentages of 85% and 15% . The loans bear interest at an annual rate of 5% and mature in May 2021. The loan amount funded by the Company and related interest have been eliminated in consolidation. The Company was in compliance with all debt covenants as of March 31, 2017 .

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 , 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 March 31, 2017 March 31, 2017 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 221,222 $ 221,222 $ — $ — Market Restricted cash 56,032 56,032 — — Market Available-for-sale securities 30,821 30,821 — — Market Total $ 308,075 $ 308,075 $ — $ — Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2016 December 31, 2016 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 68,055 $ 68,055 $ — $ — Market Restricted cash 65,441 65,441 — — Market Available-for-sale securities 17,630 17,630 — — Market Total $ 151,126 $ 151,126 $ — $ — At March 31, 2017 and December 31, 2016 , the Company had no liabilities that were measured at fair value on a recurring basis. The Company’s cash and cash equivalents and restricted cash consist largely of demand deposit accounts with maturities of 90 days or less when purchased that are considered to be highly liquid. 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. Publicly traded securities with sufficient trading volume are fair valued by management using quoted prices for identical instruments in active markets and are therefore classified as Level 1 within the fair value hierarchy. Except as discussed below, the Company’s financial instruments other than cash and cash equivalents, restricted cash and available-for-sale securities consist principally of accounts receivable, accounts payable and accrued liabilities, loans payable, 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 notes receivable at March 31, 2017 and December 31, 2016 , which is included as a component of other assets on the accompanying Consolidated Balance Sheets, consist of a $3,725 loan bearing interest at 12.0% made to the Company’s joint venture partner in MT 6015 (Note 2 ) which is collateralized by other property owned by the joint venture partner. At March 31, 2017 and December 31, 2016 , the Company’s notes receivable also included a $17,935 and $17,935 , respectively, loan bearing interest at 10% related to a terminal site under development, collateralized by property at that site. The fair value of these notes receivable approximate carrying value and are classified as Level 3 within the fair value hierarchy. The fair value of Series 2012 bonds, reported in debt, net on the Consolidated Balance Sheets, was approximately $46,669 and $46,488 , respectively, at March 31, 2017 and December 31, 2016 , based upon market prices for similar municipal securities. The fair value of Series 2016 bonds, reported in debt, net on the Consolidated Balance Sheets, was approximately $149,980 and $149,575 at March 31, 2017 and December 31, 2016 , respectively, based upon market prices for similar municipal securities. The fair value of Senior Notes, reported in debt, net on the Consolidated Balance Sheets, was approximately $242,551 as of March 31, 2017 as the carrying value approximates the market prices, and is classified as Level 2 within the fair value hierarchy. The fair values of all other items reported as debt, net 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 leasing equipment. The Company records such assets at fair value when it is determined the carrying value may not be recoverable. Fair value measurements for assets subject to impairment tests are based on an income approach which uses Level 3 inputs, which include the Company’s assumptions as to future cash flows from operation of the underlying businesses and the leasing and eventual sale of assets.

REVENUES

REVENUES	3 Months Ended
	Mar. 31, 2017
Revenue Disclosure [Abstract]
REVENUES	REVENUES Components of revenue are as follows: Three Months Ended March 31, 2017 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Equipment leasing revenues Lease income $ 17,635 $ 611 $ — $ — $ — $ — $ 18,246 Maintenance revenue 12,669 — — — — — 12,669 Finance lease income — 386 — — — — 386 Other revenue 2 60 25 — — — 87 Total equipment leasing revenues 30,306 1,057 25 — — — 31,388 Infrastructure revenues Lease income — — — — — 16 16 Rail revenues — — — — 8,403 — 8,403 Terminal services revenues — — — 4,866 — — 4,866 Total infrastructure revenues — — — 4,866 8,403 16 13,285 Total revenues $ 30,306 $ 1,057 $ 25 $ 4,866 $ 8,403 $ 16 $ 44,673 Three Months Ended March 31, 2016 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Equipment leasing revenues Lease income $ 12,847 $ 75 $ — $ — $ — $ — $ 12,922 Maintenance revenue 5,106 — — — — — 5,106 Finance lease income — 410 1,112 — — — 1,522 Other revenue — — 25 — — — 25 Total equipment leasing revenues 17,953 485 1,137 — — — 19,575 Infrastructure revenues Lease income — — — — — — — Rail revenues — — — — 7,999 — 7,999 Terminal services revenues — — — 3,879 — — 3,879 Total infrastructure revenues — — — 3,879 7,999 — 11,878 Total revenues $ 17,953 $ 485 $ 1,137 $ 3,879 $ 7,999 $ — $ 31,453 Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors as of March 31, 2017 : Total 2017 $ 52,645 2018 48,876 2019 33,729 2020 22,998 2021 13,943 Thereafter 3,326 Total $ 175,517

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EQUITY-BASED COMPENSATION	EQUITY-BASED COMPENSATION In 2015, 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. As of March 31, 2017 , the Incentive Plan provides for the issuance of up to 30 million 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. The Consolidated Statements of Operations includes the following expense (income) related to its stock-based compensation arrangements: Three Months Ended March 31, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met 2017 2016 Stock Options $ — $ — $ — Restricted Shares 59 (4,168 ) 24,644 Common Units 28 205 61 Total $ 87 $ (3,963 ) $ 24,705 Stock Options Options Weighted-Average Exercise Price Aggregate Value (in thousands) Weighted Average Remaining Contractual Term Stock options outstanding and exercisable as of January 1, 2017 15,000 $ 16.98 0 8.40 Granted — — — — Exercised — — — N/A Forfeited and canceled — — — N/A Stock options outstanding and exercisable as of March 31, 2017 15,000 $ 16.98 $ — 8.15 Restricted Shares Restricted Shares Weighted-Average Exercise Price Aggregate Value (in thousands) Weighted Average Remaining Contractual Term Restricted shares outstanding and exercisable as of January 1, 2017 1,302,388 $ 19.06 $ 24,824 0.74 Granted — — — — Less: vested — — — N/A Less: forfeited and canceled — — — N/A Restricted shares outstanding and exercisable as of March 31, 2017 1,302,388 $ 19.06 $ 24,824 0.49 The Company granted equity based compensation awards in a subsidiary consisting of 1.3 million restricted shares in exchange for services. The first award for 1.25 million restricted shares had a grant date fair value of $23,879 . The fair value was determined on the grant date, August 27, 2014, using the market approach assuming no forfeitures. The shares vest in three tranches over three years , subject to continued employment and achievement of three separate performance conditions based on EBITDA for that subsidiary. The compensation expense will be recognized ratably over the remaining service period when it is probable that the performance conditions will be achieved and expires in August 2017. During the first quarter of 2016, the achievement of all performance conditions was deemed not probable and, accordingly, the $4,402 expense previously recognized was reversed in operating expenses in the Consolidated Statement of Operations. The second award of 42,000 restricted shares had a grant day fair value of $800 using the market approach and assuming no forfeited awards. The award vests over four years , provided the employee remains employed by the Company. During the first quarter of 2016 the employment ended at which time 50% of the award was vested and 50% was forfeited per the terms of the agreement with the employee. In lieu of delivering the vested shares, the Company paid $200 in cash to the former employee in accordance with the amended terms of the agreement during the second quarter of 2016, effectively terminating and canceling the awards. The third award of 52,388 restricted shares had a grant date fair value of $942 . The fair value was determined on the grant date, November 9, 2016, using the discounted cash flows model. The shares vest over four years , subject to continued employment through June 2020. The compensation expense will be recognized ratably through the fourth anniversary of the employee’s start date. During the three months ended March 31, 2017 , no shares were vested. The fair value of the third award is 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 date. Common Units Common Units Weighted-Average Exercise Price Aggregate Value (in thousands) Weighted Average Remaining Contractual Term Common units outstanding and exercisable as of January 1, 2017 83,333 $ 1.34 $ 112 0.77 Granted — — — — Less: vested — — — N/A Less: forfeited and canceled — — — N/A Common units outstanding and exercisable as of March 31, 2017 83,333 $ 1.34 $ 112 0.52 In 2014 and 2015, the Company granted equity based compensation in a subsidiary consisting of common units in exchange for services assuming no forfeited amounts. 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 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.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The current and deferred components of the income tax provision (benefit) included in the Consolidated Statements of Operations are as follows: Three Months Ended March 31, 2017 2016 Current: Federal $ 121 $ 20 State and local 53 31 Foreign 21 10 Total current provision 195 61 Deferred: Federal 4 4 State and local — — Foreign 13 (131 ) Total deferred provision 17 (127 ) Total provision for (benefit from) income taxes $ 212 $ (66 ) 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 not being subject to U.S. corporate tax rates, or being deemed to be foreign sourced and thus either not taxable or taxable at effectively lower tax rates. As of and for the period ended March 31, 2017 , 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, local and foreign income tax examinations by tax authorities. Generally, the Company is not subject to examination by taxing authorities for tax years prior to 2013. 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 of March 31, 2017 .

MANAGEMENT AGREEMENT AND AFFILI

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	3 Months Ended
	Mar. 31, 2017
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 Company’s IPO, the Company entered into the Management Agreement which replaced its then-existing management agreement as a private fund. Additionally, the Company has entered into certain incentive allocation arrangements with Master GP, which owns 0.05% of the Partnership and is the general partner of the Partnership. Post-IPO Management Agreement and Other Incentive Allocation 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 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 management fees for the three months ended March 31, 2017 and 2016 were $3,893 and $4,348 , respectively. The income incentive allocation is calculated and distributable quarterly in arrears based on the pre-incentive allocation net income for the immediately preceding calendar quarter (the “Income Incentive Allocation”). For this purpose, pre-incentive allocation net income means, with respect to a calendar quarter, net income attributable to shareholders during such quarter calculated in accordance with GAAP excluding the Company’s pro rata share of (1) realized or unrealized gains and losses, and (2) certain non-cash or one-time items, and (3) any other adjustments as may be approved by the Company’s independent directors. Pre-incentive allocation net income does not include any Income Incentive Allocation or Capital Gains Incentive Allocation (described below) paid to the Master GP during the relevant quarter. A subsidiary of the Company allocates and distributes to the Master GP an Income Incentive Allocation with respect to its pre-incentive allocation net income in each calendar quarter as follows: (1) no Income Incentive Allocation in any calendar quarter in which pre-incentive allocation net income, expressed as a rate of return on the average value of the Company’s net equity capital (excluding non-controlling interests) at the end of the two most recently completed calendar quarters, does not exceed 2% for such quarter ( 8% 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% but does not exceed 2.2223% for such quarter; and (3) 10% of the amount of pre-incentive allocation net income, if any, that exceeds 2.2223% for such quarter. These calculations will be prorated for any period of less than three months. No Income Incentive Allocation was due to the Master GP for the three months ended March 31, 2017 and 2016 . 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 months ended March 31, 2017 and 2016 . 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 months ended March 31, 2017 and 2016 , expense reimbursement of $2,204 and $1,758 was recorded in general and administrative expenses, respectively, and $1,150 and $1,013 was recorded in acquisition and transaction expenses, respectively, 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 March 31, 2017 and December 31, 2016 , no amounts were recorded as a receivable from the Manager. As of March 31, 2017 and December 31, 2016 , amounts due to the Manager or its affiliates of $1,304 and $1,697 , excluding accrued management fees, respectively, are included within accounts payable and accrued liabilities on the Consolidated Balance Sheets. As of March 31, 2017 and December 31, 2016 , amounts due to the Manager or its affiliates of $1,350 and $1,347 , respectively, related to accrued management fees, are included within accounts payable and accrued liabilities on the Consolidated Balance Sheets. Other Affiliate Transactions As of March 31, 2017 and December 31, 2016 an affiliate of the Company’s Manager 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 March 31, 2017 and December 31, 2016 was $72,346 and $74,904 , respectively. For the three months ended March 31, 2017 and 2016 , the amount of this non-controlling interest share of net loss was $2,558 and $1,633 , respectively. In connection with the Capital Call Agreement related to the Series 2016 Bonds discussed in Note 8 , the Company and an affiliate of its Manager entered into a Fee and Support Agreement. The Fee and Support Agreement provides that the affiliate of the Manager is compensated for its guarantee of a portion of the obligations under the Standby Bond Purchase Agreement. This affiliate of the Manager received fees of $1,740 , which will be amortized as interest expense to the earlier of the redemption date or February 13, 2020.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2017
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 six reportable segments which operate in the Equipment Leasing and Infrastructure businesses across several market sectors. The Company’s reportable segments are (i) Aviation Leasing, (ii) Offshore Energy, (iii) Shipping Containers, (iv) Jefferson Terminal, (v) Railroad, and (vi) Ports and Terminals. 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 consists of 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. Ports and Terminals consists of Repauno, which is a 1,630 acre deep-water port located along the Delaware river with an underground storage cavern and multiple industrial development opportunities, and the investment in note receivable. 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 includes 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 March 31, 2017 Three months ended March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 30,306 $ 1,057 $ 25 $ — $ — $ — $ — $ 31,388 Infrastructure revenues — — — 4,866 8,403 16 — 13,285 Total revenues 30,306 1,057 25 4,866 8,403 16 — 44,673 Expenses Operating expenses 1,419 3,543 — 7,613 7,544 894 — 21,013 General and administrative — — — — — — 3,835 3,835 Acquisition and transaction expenses 215 — — — — — 1,237 1,452 Management fees and incentive allocation to affiliate — — — — — — 3,893 3,893 Depreciation and amortization 11,289 1,607 — 3,951 526 4 — 17,377 Interest expense — 924 — 1,437 199 274 1,860 4,694 Total expenses 12,923 6,074 — 13,001 8,269 1,172 10,825 52,264 Other income (expense) Equity in losses of unconsolidated entities (736 ) — (465 ) (65 ) — — — (1,266 ) Gain on sale of equipment, net 2,032 — — — (14 ) — — 2,018 Loss on extinguishment of debt — — — — — — (2,456 ) (2,456 ) Interest income 83 3 — 197 — — — 283 Other income — — — 12 — — — 12 Total other income (expense) 1,379 3 (465 ) 144 (14 ) — (2,456 ) (1,409 ) Income (loss) before income taxes 18,762 (5,014 ) (440 ) (7,991 ) 120 (1,156 ) (13,281 ) (9,000 ) Provision for (benefit from) income taxes 193 2 (25 ) 39 — 3 — 212 Net income (loss) 18,569 (5,016 ) (415 ) (8,030 ) 120 (1,159 ) (13,281 ) (9,212 ) Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries (82 ) (248 ) — (4,358 ) 4 (114 ) — (4,798 ) Net income (loss) attributable to shareholders $ 18,651 $ (4,768 ) $ (415 ) $ (3,672 ) $ 116 $ (1,045 ) $ (13,281 ) $ (4,414 ) The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders: Three months ended March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 19,059 $ (4,766 ) $ (440 ) $ (3,614 ) $ 142 $ (1,042 ) $ (9,588 ) $ (249 ) Add: Non-controlling share of adjustments to Adjusted Net Income 39 Add: Equity in losses of unconsolidated entities (1,266 ) Add: Cash payments for income taxes 3 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities 1,266 Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments — Less: Losses on the modification or extinguishment of debt and capital lease obligations (2,456 ) Less: Acquisition and transaction expenses (1,452 ) Less: Equity-based compensation income (87 ) Less: Provision for income taxes (212 ) Net loss attributable to shareholders $ (4,414 ) Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows: Three months ended March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Revenues Africa $ 2,367 $ — $ — $ — $ — $ — $ 2,367 Asia 14,769 671 25 — — — 15,465 Europe 11,470 — — — — — 11,470 North America 1,405 386 — 4,866 8,403 16 15,076 South America 295 — — — — — 295 Total revenues $ 30,306 $ 1,057 $ 25 $ 4,866 $ 8,403 $ 16 $ 44,673 II. For the Three Months Ended March 31, 2016 Three Months Ended March 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 17,953 $ 485 $ 1,137 $ — $ — $ — $ — $ 19,575 Infrastructure revenues — — — 3,879 7,999 — — 11,878 Total revenues 17,953 485 1,137 3,879 7,999 — — 31,453 Expenses Operating expenses 817 3,601 30 2,688 7,222 — — 14,358 General and administrative — — — — — — 2,588 2,588 Acquisition and transaction expenses — — — — — — 1,059 1,059 Management fees and incentive allocation to affiliate — — — — — — 4,348 4,348 Depreciation and amortization 7,427 1,588 — 3,676 526 — — 13,217 Interest expense — 935 410 3,804 154 — — 5,303 Total expenses 8,244 6,124 440 10,168 7,902 — 7,995 40,873 Other income (expense) Equity in earnings of unconsolidated entities — — 85 — — — — 85 Gain (loss) on sale of equipment and finance leases, net 1,208 — 304 — 210 — — 1,722 Loss on extinguishment of debt — — — (1,579 ) — — — (1,579 ) Interest income 1 2 — 6 — — — 9 Other (expense) income — — (2 ) 42 — — — 40 Total other income (expense) 1,209 2 387 (1,531 ) 210 — — 277 Income (loss) before income taxes 10,918 (5,637 ) 1,084 (7,820 ) 307 — (7,995 ) (9,143 ) Provision (benefit from) for income taxes (97 ) — (4 ) 35 — — — (66 ) Net income (loss) 11,015 (5,637 ) 1,088 (7,855 ) 307 — (7,995 ) (9,077 ) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries 97 (247 ) — (3,156 ) 13 — (2 ) (3,295 ) Net income (loss) attributable to shareholders $ 10,918 $ (5,390 ) $ 1,088 $ (4,699 ) $ 294 $ — $ (7,993 ) $ (5,782 ) The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders: Three Months Ended March 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 10,475 $ (5,390 ) $ 1,087 $ (6,257 ) $ 491 $ — $ (6,938 ) $ (6,532 ) Add: Non-controlling share of adjustments to Adjusted Net Income (989 ) Add: Equity in losses of unconsolidated entities 85 Add: Cash payments for income taxes 351 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (85 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (3 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations (1,579 ) Less: Acquisition and transaction expenses (1,059 ) Less: Equity-based compensation expense 3,963 Less: Benefit from income taxes 66 Net loss attributable to shareholders $ (5,782 ) Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows: Three Months Ended March 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Revenues Africa $ 2,779 $ — $ — $ — $ — $ — $ 2,779 Asia 9,383 — 809 — — — 10,192 Europe 4,966 75 — — — — 5,041 North America 460 410 328 3,879 7,999 — 13,076 South America 365 — — — — — 365 Total revenues $ 17,953 $ 485 $ 1,137 $ 3,879 $ 7,999 $ — $ 31,453 III. 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 leasing equipment, net as of March 31, 2017 and December 31, 2016 : March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 670,035 $ 232,693 $ 3,892 $ 530,660 $ 40,014 $ 74,184 $ 207,620 $ 1,759,098 Debt, net — 61,149 — 185,119 13,233 — 235,981 495,482 Total liabilities 85,016 65,383 — 199,526 24,409 6,693 241,510 622,537 Non-controlling interests in equity of consolidated subsidiaries 1,252 3,076 — 99,789 2,146 370 524 107,157 Total equity 585,019 167,310 3,892 331,134 15,605 67,491 (33,890 ) 1,136,561 Total liabilities and equity $ 670,035 $ 232,693 $ 3,892 $ 530,660 $ 40,014 $ 74,184 $ 207,620 $ 1,759,098 March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Property, plant and equipment and leasing equipment, net Africa $ 40,775 $ — $ — $ — $ — $ — $ — $ 40,775 Asia 261,872 167,892 — — — — — 429,764 Europe 237,624 — — — — — — 237,624 North America 71,590 — — 323,733 30,235 51,204 — 476,762 South America 8,125 — — — — — — 8,125 Total $ 619,986 $ 167,892 $ — $ 323,733 $ 30,235 $ 51,204 $ — $ 1,193,050 December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 625,680 $ 220,544 $ 4,333 $ 534,638 $ 40,428 $ 63,331 $ 58,358 $ 1,547,312 Debt, net — 62,655 — 184,702 12,155 — — 259,512 Total liabilities 74,989 66,002 — 205,536 24,971 6,287 3,847 381,632 Non-controlling interests in equity of consolidated subsidiaries 1,334 3,325 — 104,087 2,114 483 525 111,868 Total equity 550,691 154,542 4,333 329,102 15,457 57,044 54,511 1,165,680 Total liabilities and equity $ 625,680 $ 220,544 $ 4,333 $ 534,638 $ 40,428 $ 63,331 $ 58,358 $ 1,547,312 December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Property, plant and equipment and leasing equipment, net Africa $ 51,136 $ — $ — $ — $ — $ — $ — $ 51,136 Asia 212,635 169,499 — — — — — 382,134 Europe 225,934 — — — — — — 225,934 North America 56,456 — — 319,503 29,866 44,486 — 450,311 South America 8,121 — — — — — — 8,121 Total $ 554,282 $ 169,499 $ — $ 319,503 $ 29,866 $ 44,486 $ — $ 1,117,636

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2017
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 calculation of basic and diluted EPS is presented below. Three Months Ended March 31, (in thousands, except share and per share data) 2017 2016 Net loss attributable to shareholders $ (4,414 ) $ (5,782 ) Weighted Average Shares Outstanding - Basic 75,762,283 75,727,369 Weighted Average Shares Outstanding - Diluted 75,762,283 75,727,369 Basic and Diluted EPS $ (0.06 ) $ (0.08 ) For the three months ended March 31, 2017 , 2,149 shares have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In the normal course of business the Company and its subsidiaries may be involved in various claims, legal proceedings, or may enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. Within the Company’s Offshore Energy segment, lessees have asserted that they are entitled to certain reimbursable expenses or adjustments per the terms of the related charter agreement. Although the Company believes it has strong defenses against these claims, the range of potential damages is $0 to $10,306 . No amount has been recorded for this matter in the Company’s consolidated financial statements as of March 31, 2017 , and the Company will continue to vigorously defend against these claims. The Company’s maximum exposure under other arrangements is unknown as no additional claims have been made. The Company believes the risk of loss in connection with such arrangements is remote. The Company has also entered into an arrangement with its non-controlling interest holder of Repauno, whereby the non-controlling interest holder may receive additional payments contingent upon the achievement of certain service conditions, not to exceed $15,000 . The Company will account for such amounts when and if such service conditions are achieved. Several of the Company’s subsidiaries are lessees under various operating and capital leases. Total rent expense for operating leases was as follows: Three Months Ended March 31, 2017 2016 Rent expense $ 1,241 $ 1,214 As of March 31, 2017 , minimum future rental payments under operating and capital leases are as follows: 2017 $ 4,886 2018 6,050 2019 5,888 2020 5,219 2021 4,185 Thereafter 73,292 Total $ 99,520

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On May 4, 2017, the Company’s Board of Directors declared a cash dividend on its common shares of $0.33 per share for the quarter ended March 31, 2017 , payable on May 26, 2017 to the holders of record on May 18, 2017.

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting — The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its subsidiaries.
Principles of Consolidation	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.
Use of Estimates	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	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.
Variable Interest Entities	Variable Interest Entities — The assessment of whether an entity is a variable interest entity (“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.
Cash and Cash Equivalents	Cash and Cash Equivalents — The Company considers all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents.
Available-For-Sale Securities	Available-For-Sale Securities — The Company considers listed equity securities as available-for-sale securities recorded at fair value with unrealized gains (losses) recorded in other comprehensive income (loss) and realized gains (losses) recorded in earnings. The Company’s basis on which the cost of the security sold or the amount reclassified out of other comprehensive income into earnings is determined using specific identification. Available-for-sale securities are included as a component of investments on the accompanying Consolidated Balance Sheets. At each balance sheet date, the Company evaluates its available for sale securities holdings with unrealized losses to determine if an other-than-temporary impairment has occurred.
Deferred Financing Costs	Deferred Financing Costs — Costs incurred in connection with obtaining long term financing are capitalized and amortized to interest expense over the term of the underlying loans.
Concentration of Credit Risk	Concentration of Credit Risk — The Company is subject to concentrations of credit risk with respect to amounts due from customers on its finance lease and operating leases. The Company attempts to limit its credit risk by performing ongoing credit evaluations. During the three months ended March 31, 2017 , the Company had no revenue concentration over 10% of total revenue from any one customer. During the three months ended March 31, 2016 , the Company earned approximately 12% of its revenue from one customer in the Jefferson Terminal segment. As of March 31, 2017 , accounts receivable from two customers in the Offshore Energy segment each represented 15% and 17% of total accounts receivable, net. As of December 31, 2016 , accounts receivable from two customers in the Offshore Segment each represented 22% and 18% of total accounts receivable, net. The Company maintains cash and restricted cash balances, which generally exceed federally insured limits, and subject the Company to credit risk, in high credit quality financial institutions. The Company monitors the financial condition of these institutions and has not experienced any losses associated with these accounts.
Provision for Doubtful Accounts	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) — 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 the available-for-sale securities and derivatives accounted for as cash flow hedges.
Accounting Pronouncements	Recent Accounting Pronouncements — In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330) (“ASU 2015-11”), which simplifies the measurement of inventory by requiring certain inventory to be measured at the “lower of cost and net realizable value” and the previous parameters for “market value” will be eliminated. ASU 2015-11 defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” The standard will be effective for fiscal years beginning after December 15, 2016, with earlier adoption permitted. The adoption of this standard did not have a material impact on our financial statements during the first quarter of 2017. In March 2016, the FASB issued ASU 2016-06, Contingent put and call options in debt instruments (“ASU 2016-06”). ASU 2016-06 simplifies the embedded derivative analysis for debt instruments containing contingent call or put options. ASU 2016-06 will be effective fiscal years beginning after December 15, 2016, and interim periods within those fiscal years, with early adoption permitted. The Company adopted ASU 2016-06 as of January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). ASU 2016-09 requires the income tax effects of awards to be recognized in the income statement when the awards vest or are settled, increases the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification, and allow recognizing forfeitures of awards as they occur. ASU 2016-09 will be effective beginning in the first quarter of 2017, with early adoption permitted. The Company adopted ASU 2016-09 as of January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control (“ASU 2016-17”). ASU 2016-17 amends the consolidation guidance on how a reporting entity that is the single decision maker of a VIE should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. Under the amendments, a single decision maker is not required to consider indirect interests held through related parties that are under common control with the single decision maker to be the equivalent of direct interests in their entirety. Instead, a single decision maker is required to include those interests on a proportionate basis consistent with indirect interests held through other related parties. ASU 2016-17 will be effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company adopted ASU 2016-17 as of January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805)(“ASU 2017-01”) . ASU 2017-01 clarifying the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of businesses or assets. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company adopted ASU 2017-01 as of January 1, 2017 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Unadopted Accounting Pronouncements — In May 2014, the FASB issued ASU 2014-09, Revenues from Contracts with Customers (Topic 606) (“ASU 2014-09”) . ASU 2014-09 requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In August 2015, the FASB deferred the effective date of this standard by one year, which will be for fiscal years, and interim periods within those years, beginning after December 15, 2017. Additionally, during 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers, Principal versus Agent Considerations, ASU 2016-10, Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing and ASU 2016-12, Revenue from Contracts with Customers, Narrow-Scope Improvements and Practical Expedients , ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers , which clarify the guidance on reporting revenue as a principal versus agent, identifying and disclosing performance obligations, accounting for intellectual property licenses, and assessing collectibility, present sales tax, treating noncash consideration. The Company’s evaluation of the impact of the new guidance on its consolidated financial statements is ongoing. The Company’s implementation efforts include the identification of revenue within the scope of the guidance, the evaluation of those revenue contracts, education and discussions with the Company’s control functions. The Company continues to evaluate the timing of recognition for various revenues, however, since a substantial portion of the Company’s revenue is recognized from its leasing contracts, subject to ASU 2016-02 Leases, these have been excluded from the evaluation. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019, with early adoption permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company’s evaluation of the impact of the new guidance on its consolidated financial statements is ongoing. The Company is currently identifying the lease arrangements within the scope of the new guidance, and evaluating the impact of the lease arrangements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires (i) equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income, (ii) public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. ASU 2016-01 also eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”) . For assets held at amortized cost basis, ASU 2016-13 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however this ASU requires that credit losses be presented as an allowance rather than as a write-down. This ASU affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”) . ASU 2016-15 addresses the following eight specific cash flow issues: (i) debt prepayment or debt extinguishment costs; (ii) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; (iii) contingent consideration payments made after a business combination; (iv) proceeds from the settlement of insurance claims; (v) proceeds from the settlement of corporate-owned life insurance policies (COLIs); (vi) distributions received from equity method investees; (vii) beneficial interests in securitization transactions; (viii) and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”). ASU 2016-16 prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. In addition, interpretations of this guidance have developed in practice for transfers of certain intangible and tangible assets. This prohibition on recognition is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP. To more faithfully represent the economics of intra-entity asset transfers, the amendments ASU 2016-16 require that entities recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments in ASU 2016-16 do not change GAAP for the pre-tax effects of an intra-entity asset transfer under Topic 810, Consolidation, or for an intra-entity transfer of inventory. ASU 2016-16 will be effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual reporting periods. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (“ASU 2016-18”) . ASU 2016-18 addresses the diversity in the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230, Statement of Cash Flows. The amendments in ASU 2016-18 require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU apply to all entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic 230. ASU 2016-18 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323) (“ASU 2017-03”). ASU 2017-03 adds and amends SEC paragraphs pursuant to the SEC Staff Announcements at the September 22, 2016 and November 17, 2016 Emerging Issues Task Force (EITF) meetings. The September announcement is about the disclosure of the impact that recently issued accounting standards will have on the financial statements of a registrant when such standards are adopted in a future period. The November announcement made amendments to conform the SEC Observer Comment on Accounting for Tax Benefits Resulting from Investments in Qualified Affordable Housing Projects to the guidance issued in ASU 2014-01, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 addresses concerns over the cost and complexity of the two-step goodwill impairment test by removing the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) : Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (“ASU 2017-05”). ASU 2017-05 amendments the scope of the nonfinancial asset guidance in Subtopic 610-20. The amendments also clarify that the derecognition of all businesses and nonprofit activities (except those related to conveyances of oil and gas mineral rights or contracts with customers) should be accounted for in accordance with the derecognition and deconsolidation guidance in Subtopic 810-10. In addition, the amendments eliminate the exception in the financial asset guidance for transfers of investments (including equity method investments) in real estate entities and supersede the guidance in the Exchanges of a Nonfinancial Asset for a Noncontrolling Ownership Interest Subsection within Topic 845. The amendments in ASU 2017-05 also provide guidance on the accounting for what often are referred to as partial sales of nonfinancial assets within the scope of Subtopic 610-20 and contributions of nonfinancial assets to a joint venture or other noncontrolled investee. ASU 2017-05 will be effective for annual reporting periods beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In February 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (“ASU 2017-07”). ASU 2017-07 requires an entity to present net periodic pension cost and net periodic postretirement benefit cost as a net amount that may be capitalized as part of an asset where appropriate. ASU 2017-06 will be effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements but does not except any material impact on its financial statements.
Fair Value Measurement	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).

LEASING EQUIPMENT, NET (Tables)

LEASING EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2017
Leases [Abstract]
Summary of Leasing Equipment	Leasing equipment, net is summarized as follows: March 31, 2017 December 31, 2016 Leasing equipment $ 926,164 $ 849,565 Less: Accumulated depreciation (96,889 ) (84,110 ) Leasing equipment, net $ 829,275 $ 765,455
Schedule of Capital Leased Assets	Depreciation expense for leasing equipment is summarized as follows: Three Months Ended March 31, 2017 2016 Depreciation expense for leasing equipment $ 13,173 $ 9,292

FINANCE LEASES, NET (Tables)

FINANCE LEASES, NET (Tables)	3 Months Ended
	Mar. 31, 2017
Leases [Abstract]
Schedule of Capital Leases, Lessor Balance Sheet	Finance leases, net are summarized as follows: March 31, 2017 December 31, 2016 Finance leases $ 17,524 $ 18,022 Unearned revenue (7,917 ) (8,305 ) Finance leases, net $ 9,607 $ 9,717
Schedule of Future Minimum Lease Payments for Capital Leases	As of March 31, 2017 , future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows: Total 2017 $ 1,510 2018 2,008 2019 2,008 2020 2,013 2021 2,008 Thereafter 7,977 Total $ 17,524

PROPERTY, PLANT AND EQUIPMENT28

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Depreciation expense for property, plant and equipment is summarized as follows: Three Months Ended March 31, 2017 2016 Depreciation expense for property, plant and equipment $ 3,304 $ 3,026 Property, plant and equipment, net is summarized as follows: March 31, 2017 December 31, 2016 Land, site improvements and rights $ 57,617 $ 57,617 Construction in progress 63,921 49,605 Buildings and improvements 3,194 2,750 Crude oil terminal machinery and equipment 236,732 236,652 Track and track related assets 22,956 22,948 Railroad equipment 1,101 1,091 Railcars and locomotives 2,931 2,909 Computer hardware and software 391 388 Furniture and fixtures 418 405 Vehicles 985 985 390,246 375,350 Less: Accumulated depreciation (29,317 ) (26,002 ) Spare parts 2,846 2,833 Property, plant and equipment, net $ 363,775 $ 352,181

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following table presents the ownership interests and carrying values of the Company’s investments: Carrying Value Investment Ownership Percentage March 31, 2017 December 31, 2016 Listed securities Available-for-sale 2% $ 30,821 $ 17,630 Advanced Engine Repair JV Equity method 25% 14,264 15,000 JGP Energy Partners LLC Equity method 50% 9,522 3,266 Intermodal Finance I, Ltd. Equity method 51% 3,574 4,082 Investments $ 58,181 $ 39,978
Available-for-sale Securities	Available-for-sale securities Equity Securities December 31, 2016 $ 17,630 Purchases 8,332 Unrealized Gains 4,859 March 31, 2017 $ 30,821 Cost $ 18,833

INTANGIBLE ASSETS AND LIABILI30

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)	3 Months Ended
	Mar. 31, 2017
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: March 31, 2017 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 26,596 $ — $ — $ 26,596 Less: Accumulated amortization (16,405 ) — — (16,405 ) Acquired favorable lease intangibles, net 10,191 — — 10,191 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (9,160 ) (131 ) (9,291 ) Acquired customer relationships, net — 26,353 94 26,447 Total intangible assets, net $ 10,191 $ 26,353 $ 94 $ 36,638 Intangible liabilities Acquired unfavorable lease intangibles $ 2,305 $ — $ — $ 2,305 Less: Accumulated amortization (760 ) — — (760 ) Acquired unfavorable lease intangibles, net $ 1,545 $ — $ — $ 1,545 December 31, 2016 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 26,605 $ — $ — $ 26,605 Less: Accumulated amortization (14,998 ) — — (14,998 ) Acquired favorable lease intangibles, net 11,607 — — 11,607 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (8,271 ) (120 ) (8,391 ) Acquired customer relationships, net — 27,242 105 27,347 Total intangible assets, net $ 11,607 $ 27,242 $ 105 $ 38,954 Intangible liabilities Acquired unfavorable lease intangibles $ 1,506 $ — $ — $ 1,506 Less: Accumulated amortization (627 ) — — (627 ) Acquired unfavorable lease intangibles, net $ 879 $ — $ — $ 879
Schedule of Intangible Assets and Liabilities	Amortization of intangible assets and liabilities is recorded in the Consolidated Statements of Operations as follows: Classification in Consolidated Statements of Operations Three Months Ended March 31, 2017 2016 Lease intangibles Equipment leasing revenues $ 1,282 $ 1,578 Customer relationships Depreciation and amortization 900 899 Total $ 2,182 $ 2,477
Schedule of Net Annual Amortization of Intangibles	As of March 31, 2017 , estimated net annual amortization of intangibles is as follows: Total 2017 $ 5,564 2018 7,007 2019 5,401 2020 4,055 2021 3,591 Thereafter 9,475 Total $ 35,093

DEBT, NET (Tables)

DEBT, NET (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Company’s debt, net is summarized as follows: March 31, 2017 December 31, 2016 Loans payable FTAI Pride Credit Agreement $ 59,375 $ 60,937 CMQR Credit Agreement 13,625 12,625 Total loans payable 73,000 73,562 Bonds payable Series 2012 Bonds (including unamortized premium of $1,682 and $1,697 at March 31, 2017 and December 31, 2016, respectively) 45,872 45,887 Series 2016 Bonds 144,200 144,200 Senior Notes (including unamortized discount of $7,449 at March 31, 2017) 242,551 — Total bonds payable 432,623 190,087 Note payable to non-controlling interest Note payable to non-controlling interest 2,352 2,352 Total note payable to non-controlling interest 2,352 2,352 Debt 507,975 266,001 Less: Debt issuance costs (12,493 ) (6,489 ) Total debt, net $ 495,482 $ 259,512 Total debt due within one year $ 6,516 $ 8,078

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 , 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 March 31, 2017 March 31, 2017 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 221,222 $ 221,222 $ — $ — Market Restricted cash 56,032 56,032 — — Market Available-for-sale securities 30,821 30,821 — — Market Total $ 308,075 $ 308,075 $ — $ — Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2016 December 31, 2016 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 68,055 $ 68,055 $ — $ — Market Restricted cash 65,441 65,441 — — Market Available-for-sale securities 17,630 17,630 — — Market Total $ 151,126 $ 151,126 $ — $ —

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Mar. 31, 2017
Revenue Disclosure [Abstract]
Reconciliation of Revenue from Segments to Consolidated	Components of revenue are as follows: Three Months Ended March 31, 2017 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Equipment leasing revenues Lease income $ 17,635 $ 611 $ — $ — $ — $ — $ 18,246 Maintenance revenue 12,669 — — — — — 12,669 Finance lease income — 386 — — — — 386 Other revenue 2 60 25 — — — 87 Total equipment leasing revenues 30,306 1,057 25 — — — 31,388 Infrastructure revenues Lease income — — — — — 16 16 Rail revenues — — — — 8,403 — 8,403 Terminal services revenues — — — 4,866 — — 4,866 Total infrastructure revenues — — — 4,866 8,403 16 13,285 Total revenues $ 30,306 $ 1,057 $ 25 $ 4,866 $ 8,403 $ 16 $ 44,673 Three Months Ended March 31, 2016 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Equipment leasing revenues Lease income $ 12,847 $ 75 $ — $ — $ — $ — $ 12,922 Maintenance revenue 5,106 — — — — — 5,106 Finance lease income — 410 1,112 — — — 1,522 Other revenue — — 25 — — — 25 Total equipment leasing revenues 17,953 485 1,137 — — — 19,575 Infrastructure revenues Lease income — — — — — — — Rail revenues — — — — 7,999 — 7,999 Terminal services revenues — — — 3,879 — — 3,879 Total infrastructure revenues — — — 3,879 7,999 — 11,878 Total revenues $ 17,953 $ 485 $ 1,137 $ 3,879 $ 7,999 $ — $ 31,453
Schedule of Future Minimum Rental Payments for Operating Leases	Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors as of March 31, 2017 : Total 2017 $ 52,645 2018 48,876 2019 33,729 2020 22,998 2021 13,943 Thereafter 3,326 Total $ 175,517 As of March 31, 2017 , minimum future rental payments under operating and capital leases are as follows: 2017 $ 4,886 2018 6,050 2019 5,888 2020 5,219 2021 4,185 Thereafter 73,292 Total $ 99,520

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-based Compensation Arrangements	The Consolidated Statements of Operations includes the following expense (income) related to its stock-based compensation arrangements: Three Months Ended March 31, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met 2017 2016 Stock Options $ — $ — $ — Restricted Shares 59 (4,168 ) 24,644 Common Units 28 205 61 Total $ 87 $ (3,963 ) $ 24,705
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Stock Options Options Weighted-Average Exercise Price Aggregate Value (in thousands) Weighted Average Remaining Contractual Term Stock options outstanding and exercisable as of January 1, 2017 15,000 $ 16.98 0 8.40 Granted — — — — Exercised — — — N/A Forfeited and canceled — — — N/A Stock options outstanding and exercisable as of March 31, 2017 15,000 $ 16.98 $ — 8.15
Schedule of Restricted Stock Units Activity	Restricted Shares Restricted Shares Weighted-Average Exercise Price Aggregate Value (in thousands) Weighted Average Remaining Contractual Term Restricted shares outstanding and exercisable as of January 1, 2017 1,302,388 $ 19.06 $ 24,824 0.74 Granted — — — — Less: vested — — — N/A Less: forfeited and canceled — — — N/A Restricted shares outstanding and exercisable as of March 31, 2017 1,302,388 $ 19.06 $ 24,824 0.49
Schedule of Common Stock Unit Activity	Common Units Common Units Weighted-Average Exercise Price Aggregate Value (in thousands) Weighted Average Remaining Contractual Term Common units outstanding and exercisable as of January 1, 2017 83,333 $ 1.34 $ 112 0.77 Granted — — — — Less: vested — — — N/A Less: forfeited and canceled — — — N/A Common units outstanding and exercisable as of March 31, 2017 83,333 $ 1.34 $ 112 0.52

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The current and deferred components of the income tax provision (benefit) included in the Consolidated Statements of Operations are as follows: Three Months Ended March 31, 2017 2016 Current: Federal $ 121 $ 20 State and local 53 31 Foreign 21 10 Total current provision 195 61 Deferred: Federal 4 4 State and local — — Foreign 13 (131 ) Total deferred provision 17 (127 ) Total provision for (benefit from) income taxes $ 212 $ (66 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	. For the Three Months Ended March 31, 2017 Three months ended March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 30,306 $ 1,057 $ 25 $ — $ — $ — $ — $ 31,388 Infrastructure revenues — — — 4,866 8,403 16 — 13,285 Total revenues 30,306 1,057 25 4,866 8,403 16 — 44,673 Expenses Operating expenses 1,419 3,543 — 7,613 7,544 894 — 21,013 General and administrative — — — — — — 3,835 3,835 Acquisition and transaction expenses 215 — — — — — 1,237 1,452 Management fees and incentive allocation to affiliate — — — — — — 3,893 3,893 Depreciation and amortization 11,289 1,607 — 3,951 526 4 — 17,377 Interest expense — 924 — 1,437 199 274 1,860 4,694 Total expenses 12,923 6,074 — 13,001 8,269 1,172 10,825 52,264 Other income (expense) Equity in losses of unconsolidated entities (736 ) — (465 ) (65 ) — — — (1,266 ) Gain on sale of equipment, net 2,032 — — — (14 ) — — 2,018 Loss on extinguishment of debt — — — — — — (2,456 ) (2,456 ) Interest income 83 3 — 197 — — — 283 Other income — — — 12 — — — 12 Total other income (expense) 1,379 3 (465 ) 144 (14 ) — (2,456 ) (1,409 ) Income (loss) before income taxes 18,762 (5,014 ) (440 ) (7,991 ) 120 (1,156 ) (13,281 ) (9,000 ) Provision for (benefit from) income taxes 193 2 (25 ) 39 — 3 — 212 Net income (loss) 18,569 (5,016 ) (415 ) (8,030 ) 120 (1,159 ) (13,281 ) (9,212 ) Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries (82 ) (248 ) — (4,358 ) 4 (114 ) — (4,798 ) Net income (loss) attributable to shareholders $ 18,651 $ (4,768 ) $ (415 ) $ (3,672 ) $ 116 $ (1,045 ) $ (13,281 ) $ (4,414 ) II. For the Three Months Ended March 31, 2016 Three Months Ended March 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 17,953 $ 485 $ 1,137 $ — $ — $ — $ — $ 19,575 Infrastructure revenues — — — 3,879 7,999 — — 11,878 Total revenues 17,953 485 1,137 3,879 7,999 — — 31,453 Expenses Operating expenses 817 3,601 30 2,688 7,222 — — 14,358 General and administrative — — — — — — 2,588 2,588 Acquisition and transaction expenses — — — — — — 1,059 1,059 Management fees and incentive allocation to affiliate — — — — — — 4,348 4,348 Depreciation and amortization 7,427 1,588 — 3,676 526 — — 13,217 Interest expense — 935 410 3,804 154 — — 5,303 Total expenses 8,244 6,124 440 10,168 7,902 — 7,995 40,873 Other income (expense) Equity in earnings of unconsolidated entities — — 85 — — — — 85 Gain (loss) on sale of equipment and finance leases, net 1,208 — 304 — 210 — — 1,722 Loss on extinguishment of debt — — — (1,579 ) — — — (1,579 ) Interest income 1 2 — 6 — — — 9 Other (expense) income — — (2 ) 42 — — — 40 Total other income (expense) 1,209 2 387 (1,531 ) 210 — — 277 Income (loss) before income taxes 10,918 (5,637 ) 1,084 (7,820 ) 307 — (7,995 ) (9,143 ) Provision (benefit from) for income taxes (97 ) — (4 ) 35 — — — (66 ) Net income (loss) 11,015 (5,637 ) 1,088 (7,855 ) 307 — (7,995 ) (9,077 ) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries 97 (247 ) — (3,156 ) 13 — (2 ) (3,295 ) Net income (loss) attributable to shareholders $ 10,918 $ (5,390 ) $ 1,088 $ (4,699 ) $ 294 $ — $ (7,993 ) $ (5,782 )
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders: Three months ended March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 19,059 $ (4,766 ) $ (440 ) $ (3,614 ) $ 142 $ (1,042 ) $ (9,588 ) $ (249 ) Add: Non-controlling share of adjustments to Adjusted Net Income 39 Add: Equity in losses of unconsolidated entities (1,266 ) Add: Cash payments for income taxes 3 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities 1,266 Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments — Less: Losses on the modification or extinguishment of debt and capital lease obligations (2,456 ) Less: Acquisition and transaction expenses (1,452 ) Less: Equity-based compensation income (87 ) Less: Provision for income taxes (212 ) Net loss attributable to shareholders $ (4,414 ) The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders: Three Months Ended March 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 10,475 $ (5,390 ) $ 1,087 $ (6,257 ) $ 491 $ — $ (6,938 ) $ (6,532 ) Add: Non-controlling share of adjustments to Adjusted Net Income (989 ) Add: Equity in losses of unconsolidated entities 85 Add: Cash payments for income taxes 351 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (85 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (3 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations (1,579 ) Less: Acquisition and transaction expenses (1,059 ) Less: Equity-based compensation expense 3,963 Less: Benefit from income taxes 66 Net loss attributable to shareholders $ (5,782 )
Revenue from External Customers by Geographic Areas	Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows: Three Months Ended March 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Revenues Africa $ 2,779 $ — $ — $ — $ — $ — $ 2,779 Asia 9,383 — 809 — — — 10,192 Europe 4,966 75 — — — — 5,041 North America 460 410 328 3,879 7,999 — 13,076 South America 365 — — — — — 365 Total revenues $ 17,953 $ 485 $ 1,137 $ 3,879 $ 7,999 $ — $ 31,453 Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows: Three months ended March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Revenues Africa $ 2,367 $ — $ — $ — $ — $ — $ 2,367 Asia 14,769 671 25 — — — 15,465 Europe 11,470 — — — — — 11,470 North America 1,405 386 — 4,866 8,403 16 15,076 South America 295 — — — — — 295 Total revenues $ 30,306 $ 1,057 $ 25 $ 4,866 $ 8,403 $ 16 $ 44,673
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 625,680 $ 220,544 $ 4,333 $ 534,638 $ 40,428 $ 63,331 $ 58,358 $ 1,547,312 Debt, net — 62,655 — 184,702 12,155 — — 259,512 Total liabilities 74,989 66,002 — 205,536 24,971 6,287 3,847 381,632 Non-controlling interests in equity of consolidated subsidiaries 1,334 3,325 — 104,087 2,114 483 525 111,868 Total equity 550,691 154,542 4,333 329,102 15,457 57,044 54,511 1,165,680 Total liabilities and equity $ 625,680 $ 220,544 $ 4,333 $ 534,638 $ 40,428 $ 63,331 $ 58,358 $ 1,547,312 December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Property, plant and equipment and leasing equipment, net Africa $ 51,136 $ — $ — $ — $ — $ — $ — $ 51,136 Asia 212,635 169,499 — — — — — 382,134 Europe 225,934 — — — — — — 225,934 North America 56,456 — — 319,503 29,866 44,486 — 450,311 South America 8,121 — — — — — — 8,121 Total $ 554,282 $ 169,499 $ — $ 319,503 $ 29,866 $ 44,486 $ — $ 1,117,636 The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment and leasing equipment, net as of March 31, 2017 and December 31, 2016 : March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 670,035 $ 232,693 $ 3,892 $ 530,660 $ 40,014 $ 74,184 $ 207,620 $ 1,759,098 Debt, net — 61,149 — 185,119 13,233 — 235,981 495,482 Total liabilities 85,016 65,383 — 199,526 24,409 6,693 241,510 622,537 Non-controlling interests in equity of consolidated subsidiaries 1,252 3,076 — 99,789 2,146 370 524 107,157 Total equity 585,019 167,310 3,892 331,134 15,605 67,491 (33,890 ) 1,136,561 Total liabilities and equity $ 670,035 $ 232,693 $ 3,892 $ 530,660 $ 40,014 $ 74,184 $ 207,620 $ 1,759,098
Long-lived Assets by Geographic Areas	March 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Property, plant and equipment and leasing equipment, net Africa $ 40,775 $ — $ — $ — $ — $ — $ — $ 40,775 Asia 261,872 167,892 — — — — — 429,764 Europe 237,624 — — — — — — 237,624 North America 71,590 — — 323,733 30,235 51,204 — 476,762 South America 8,125 — — — — — — 8,125 Total $ 619,986 $ 167,892 $ — $ 323,733 $ 30,235 $ 51,204 $ — $ 1,193,050 December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Property, plant and equipment and leasing equipment, net Africa $ 51,136 $ — $ — $ — $ — $ — $ — $ 51,136 Asia 212,635 169,499 — — — — — 382,134 Europe 225,934 — — — — — — 225,934 North America 56,456 — — 319,503 29,866 44,486 — 450,311 South America 8,121 — — — — — — 8,121 Total $ 554,282 $ 169,499 $ — $ 319,503 $ 29,866 $ 44,486 $ — $ 1,117,636

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculation of basic and diluted EPS is presented below. Three Months Ended March 31, (in thousands, except share and per share data) 2017 2016 Net loss attributable to shareholders $ (4,414 ) $ (5,782 ) Weighted Average Shares Outstanding - Basic 75,762,283 75,727,369 Weighted Average Shares Outstanding - Diluted 75,762,283 75,727,369 Basic and Diluted EPS $ (0.06 ) $ (0.08 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Operating Leases of Lessee	Several of the Company’s subsidiaries are lessees under various operating and capital leases. Total rent expense for operating leases was as follows: Three Months Ended March 31, 2017 2016 Rent expense $ 1,241 $ 1,214
Schedule of Future Minimum Rental Payments for Operating Leases	Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors as of March 31, 2017 : Total 2017 $ 52,645 2018 48,876 2019 33,729 2020 22,998 2021 13,943 Thereafter 3,326 Total $ 175,517 As of March 31, 2017 , minimum future rental payments under operating and capital leases are as follows: 2017 $ 4,886 2018 6,050 2019 5,888 2020 5,219 2021 4,185 Thereafter 73,292 Total $ 99,520

ORGANIZATION (Details)

ORGANIZATION (Details)	3 Months Ended
	Mar. 31, 2017segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	6
Number of primary businesses	2

SUMMARY OF SIGNIFICANT ACCOUN40

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jul. 01, 2016USD ($)	Mar. 31, 2017USD ($)customer$ / shares	Sep. 30, 2016	Mar. 31, 2016USD ($)customer$ / shares	Dec. 31, 2016USD ($)customer
Variable Interest Entities [Abstract]
Ownership of other party, percentage		10.00%
Restricted cash		$ 56,032,000			$ 65,441,000
Debt Issuance Cost		(12,493,000)			(6,489,000)
Amortization		1,133,000		$ 585,000
Provision for doubtful accounts		430,000			418,000
Bad debt expense		$ 31,000		$ 32,000
Common stock dividends declared (in dollars per share) | $ / shares		$ 0.33		$ 0.33
Other Assets
Variable Interest Entities [Abstract]
Accounts and Notes Receivable, Net		$ 22,513,000			22,469,000
Leasing Equipment, Purchase Deposits		1,873,000			13,701,000
Capitalized Costs, Potential Asset Acquisitions		2,749,000			2,116,000
Prepaid Expense		2,233,000			3,440,000
Other Receivables		$ 9,244,000			$ 21,501,000
Two Major Accounts Receivable Customers | Customer Concentration Risk | Accounts Receivable | Reportable Subsegments | Equipment Leasing | Operating Segments | Offshore Energy
Variable Interest Entities [Abstract]
Number of lessees | customer		2			2
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		0.00%
Number of lessees | customer				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				12.00%
Major Accounts Receivable Customer, Customer One | Customer Concentration Risk | Accounts Receivable
Variable Interest Entities [Abstract]
Concentration risk percentage		15.00%			22.00%
Major Accounts Receivable Customer, Customer Two | Customer Concentration Risk | Accounts Receivable
Variable Interest Entities [Abstract]
Concentration risk percentage		17.00%			18.00%
Subsidiary | Co-venturer
Variable Interest Entities [Abstract]
Subsidiary loan to VIE partner for equity contribution		$ 3,725,000
Delaware River Partners LLC
Variable Interest Entities [Abstract]
Ownership of other party, percentage	2.00%
Delaware River Partners LLC | Co-venturer
Variable Interest Entities [Abstract]
Contribution Amount, Investment	$ 641,000
Noncontrolling Party
Variable Interest Entities [Abstract]
Ownership of other party, percentage		8.00%
Variable Interest Entity, Primary Beneficiary | MT6015
Variable Interest Entities [Abstract]
Vessel purchase commitment		$ 75,000,000
Impairment charges on investments		$ 7,450,000
Variable Interest Entity, Primary Beneficiary | Subsidiary
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage		50.00%
Variable Interest Entity, Primary Beneficiary | Delaware River Partners LLC
Variable Interest Entities [Abstract]
Ownership percentage		90.00%
JGP Energy Partners LLC
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage		50.00%
Ownership of other party, percentage			50.00%
Equity Method Investment Contribution Amount		$ 54,000,000
Ownership percentage		50.00%			50.00%
JGP Energy Partners LLC | FIG
Variable Interest Entities [Abstract]
Equity Method Investment Contribution Amount		$ 27,000,000
Repauno
Variable Interest Entities [Abstract]
Payment Obligation, Noncontrolling Interest		$ 5,321,000

LEASING EQUIPMENT, NET (Details

LEASING EQUIPMENT, NET (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)aircraftcommercial_jet_engine	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Leases [Abstract]
Leasing equipment	$ 926,164		$ 849,565
Less: Accumulated depreciation	(96,889)		(84,110)
Leasing equipment, net	$ 829,275		$ 765,455
Number of aircraft acquired | aircraft	6
Commercial jet engines acquired | commercial_jet_engine	12
Number of aircraft sold | aircraft	1
Depreciation expense for leasing equipment	$ 13,173	$ 9,292

FINANCE LEASES, NET - Summary (

FINANCE LEASES, NET - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Finance leases	$ 17,524	$ 18,022
Unearned revenue	(7,917)	(8,305)
Finance leases, net	$ 9,607	$ 9,717

PROPERTY, PLANT AND EQUIPMENT43

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 390,246	$ 375,350
Less: Accumulated depreciation	(29,317)	(26,002)
Property, plant and equipment, net	363,775	352,181
Land, site improvements and rights
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	57,617	57,617
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	63,921	49,605
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,194	2,750
Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	236,732	236,652
Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	22,956	22,948
Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,101	1,091
Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,931	2,909
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	391	388
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	418	405
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	985	985
Spare parts
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,846	$ 2,833

FINANCE LEASES, NET - Future Mi

FINANCE LEASES, NET - Future Minimum Payments Receivable (Details) $ in Thousands	Mar. 31, 2017USD ($)
Leases [Abstract]
2,017	$ 1,510
2,018	2,008
2,019	2,008
2,020	2,013
2,021	2,008
Thereafter	7,977
Total	$ 17,524

PROPERTY, PLANT AND EQUIPMENT45

PROPERTY, PLANT AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired	$ 14,960
Railroad equipment
Property, Plant and Equipment [Line Items]
Disposals of railroad equipment	$ 52	$ 36

PROPERTY, PLANT AND EQUIPMENT46

PROPERTY, PLANT AND EQUIPMENT, NET - Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation expense for property, plant and equipment	$ 3,304	$ 3,026

INVESTMENTS - Ownership Carryin

INVESTMENTS - Ownership Carrying Values (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 58,181	$ 39,978
Listed securities
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	2400.00%
Carrying Value	$ 30,821	$ 17,630
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%	25.00%
Carrying Value	$ 14,264	$ 15,000
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%	50.00%
Carrying Value	$ 9,522	$ 3,266
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	51.00%
Carrying Value	$ 3,574	$ 4,082

INVESTMENTS - Available for Sal

INVESTMENTS - Available for Sale Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Available for Sale Securities [Roll Forward]
Available-for-sale securities, equity securities	$ 17,630
Purchases	8,332
Unrealized Gains	4,859
Available-for-sale securities, equity securities	30,821
Cost	$ 18,833

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) shipping_container in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)shipping_containercustomer	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 58,181		$ 39,978
Equity in (losses) earnings of unconsolidated entities	(1,266)	$ 85
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 14,264		$ 15,000
Ownership percentage	25.00%		25.00%
Equity in (losses) earnings of unconsolidated entities	$ 736
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 9,522		$ 3,266
Ownership percentage	50.00%		50.00%
Equity in (losses) earnings of unconsolidated entities	$ 65
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 3,574		$ 4,082
Ownership percentage	51.00%
Equity in (losses) earnings of unconsolidated entities	$ (465)	$ 85
Number of customers | customer	5
Containers | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Number of shipping containers | shipping_container	52,000
Shipping Containers Subject to Multiple Operating Leases | Containers | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Shipping containers subject to multiple operating leases | shipping_container	20,000
FIG | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage				51.00%
Equity Investor | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage				49.00%

INTANGIBLE ASSETS AND LIABILI50

INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Intangible assets:
Total intangible assets, net	$ 36,638	$ 38,954
Intangible liabilities:
Acquired unfavorable lease intangibles	2,305	1,506
Less: Accumulated amortization	(760)	(627)
Acquired unfavorable lease intangibles, net	1,545	879
Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	26,596	26,605
Accumulated amortization	(16,405)	(14,998)
Total	10,191	11,607
Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,738	35,738
Accumulated amortization	(9,291)	(8,391)
Total	26,447	27,347
Reportable Subsegments | Operating Segments | Equipment Leasing | Aviation Leasing
Intangible assets:
Total intangible assets, net	10,191	11,607
Intangible liabilities:
Acquired unfavorable lease intangibles	2,305	1,506
Less: Accumulated amortization	(760)	(627)
Acquired unfavorable lease intangibles, net	1,545	879
Reportable Subsegments | Operating Segments | Equipment Leasing | Aviation Leasing | Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	26,596	26,605
Accumulated amortization	(16,405)	(14,998)
Total	10,191	11,607
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	26,353	27,242
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Reportable Subsegments | Operating Segments | Infrastructure | Jefferson Terminal | Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments | Operating Segments | Infrastructure | Jefferson Terminal | Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,513	35,513
Accumulated amortization	(9,160)	(8,271)
Total	26,353	27,242
Reportable Subsegments | Operating Segments | Infrastructure | Railroad
Intangible assets:
Total intangible assets, net	94	105
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
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	(131)	(120)
Total	$ 94	$ 105

INTANGIBLE ASSETS AND LIABILI51

INTANGIBLE ASSETS AND LIABILITIES, NET - Intangible Liabilities Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Total	$ 2,182	$ 2,477
Equipment leasing revenues | Lease intangibles
Finite-Lived Intangible Assets [Line Items]
Lease intangibles	1,282	1,578
Depreciation and amortization | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Customer relationships	$ 900	$ 899

INTANGIBLE ASSETS AND LIABILI52

INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2017USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,017	$ 5,564
2,018	7,007
2,019	5,401
2,020	4,055
2,021	3,591
Thereafter	9,475
Total	$ 35,093

DEBT, NET - Schedule of Debt (D

DEBT, NET - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Debt, net	$ 495,482	$ 259,512
Long-term debt, gross	507,975	266,001
Less: Debt issuance costs	12,493	6,489
Total debt due within one year	6,516	8,078
Loans payable
Debt Instrument [Line Items]
Debt, net	73,000	73,562
Loans payable | FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Debt, net	59,375	60,937
Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Debt, net	13,625	12,625
Bonds payable
Debt Instrument [Line Items]
Debt, net	432,623	190,087
Bonds payable | Series 2012 Bonds
Debt Instrument [Line Items]
Debt, net	45,872	45,887
Unamortized premium	1,682	1,697
Bonds payable | Series 2016 Bonds
Debt Instrument [Line Items]
Long-term debt, gross	144,200	144,200
Bonds payable | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	242,551	0
Unamortized premium	7,449
Note payable to non-controlling interest
Debt Instrument [Line Items]
Debt, net	2,352	2,352
Note payable to non-controlling interest | Note payable to non-controlling interest
Debt Instrument [Line Items]
Debt, net	$ 2,352	$ 2,352

DEBT, NET - Narrative (Details)

DEBT, NET - Narrative (Details)

Mar. 15, 2017USD ($)

Jan. 23, 2017USD ($)

Sep. 18, 2014USD ($)

Sep. 15, 2014USD ($)

Aug. 01, 2012USD ($)

May 31, 2013USD ($)

Mar. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2014

Mar. 28, 2016USD ($)

Mar. 07, 2016USD ($)

Aug. 27, 2014USD ($)

Debt Instrument [Line Items]

Gain (loss) on extinguishment of debt

$ (2,456,000)

$ (1,579,000)

Stated percentage

2.75%

Amortization of debt discount

$ 250,000

Eurodollar

Debt Instrument [Line Items]

Stated percentage

3.75%

Loans payable | CMQR Credit Agreement

Debt Instrument [Line Items]

Debt instrument, face amount

$ 10,000,000

$ 20,000,000

Callable debt

29,000,000

Loans payable | Jefferson Terminal Credit Agreement

Debt Instrument [Line Items]

Gain (loss) on extinguishment of debt

$ 1,579,000

Bonds payable | Series 2012 Bonds

Debt Instrument [Line Items]

Unamortized premium

1,682,000

$ 1,697,000

Service coverage ratio

1.25

1.25

Bonds payable | Series 2016 Bonds

Debt Instrument [Line Items]

Debt instrument, face amount

$ 144,200,000

Bonds payable | Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 250,000,000

$ 100,000,000

Stated percentage

6.75%

Unamortized premium

$ 7,449,000

Redemption price, rate

100.00%

Redemption price, rate, in three years

105.063%

Redemption price, rate, in four years

100.00%

Redemption amount available

40.00%

Redemption price, condition one

106.75%

Note payable to non-controlling interest | Note payable to non-controlling interest

Debt Instrument [Line Items]

Ownership interest by LLC

85.00%

Remaining non-controlling interest

15.00%

Subsidiary | Loans payable | FTAI Pride Credit Agreement

Debt Instrument [Line Items]

Debt instrument, face amount

$ 75,000,000

Debt instrument, periodic payment

$ 1,562,000

Fixed charge coverage ratio

1.15

1.15

Evaluation period

12 months

Subsidiary | Loans payable | FTAI Pride Credit Agreement | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread

4.50%

Subsidiary | Loans payable | Jefferson Terminal Credit Agreement

Debt Instrument [Line Items]

Debt instrument, face amount

$ 100,000,000

Debt instrument, periodic payment

$ 1,250,000

$ 250,000

Subsidiary | Note payable to non-controlling interest | Note payable to non-controlling interest

Debt Instrument [Line Items]

Debt instrument, face amount

$ 18,275,000

Stated percentage

5.00%

Jefferson Terminal | Bonds payable | Series 2012 Bonds

Debt Instrument [Line Items]

Debt instrument, face amount

$ 46,875,000

Period of interest reserve

6 months

Stated percentage

8.25%

Jefferson Terminal | Bonds payable | Series 2016 Bonds

Debt Instrument [Line Items]

Stated percentage

7.25%

Fee amount

$ 6,873,000

Minimum | Loans payable | CMQR Credit Agreement | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread

2.50%

Minimum | Loans payable | CMQR Credit Agreement | Base Rate

Debt Instrument [Line Items]

Basis spread

1.50%

Minimum | Loans payable | CMQR Credit Agreement | Canadian Fixed Rate

Debt Instrument [Line Items]

Basis spread

2.50%

Maximum | Loans payable | CMQR Credit Agreement | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread

4.50%

Maximum | Loans payable | CMQR Credit Agreement | Base Rate

Debt Instrument [Line Items]

Basis spread

3.50%

Maximum | Loans payable | CMQR Credit Agreement | Canadian Fixed Rate

Debt Instrument [Line Items]

Basis spread

4.50%

Weighted average interest rate

3.41%

Jefferson Terminal | Bonds payable | Series 2012 Bonds

Debt Instrument [Line Items]

Tendered bonds

48,554,000

Unamortized premium

$ 1,823,000

Principal Owner | Subsidiary | Note payable to non-controlling interest | Note payable to non-controlling interest

Debt Instrument [Line Items]

Debt instrument, face amount

$ 3,225,000

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Available-for-sale securities	$ 30,821	$ 17,630
Recurring
Assets
Total	308,075	151,126
Recurring | Market
Assets
Cash and cash equivalents	221,222	68,055
Restricted cash	56,032	65,441
Available-for-sale securities	30,821	17,630
Recurring | Level 1
Assets
Total	308,075	151,126
Recurring | Level 1 | Market
Assets
Cash and cash equivalents	221,222	68,055
Restricted cash	56,032	65,441
Available-for-sale securities	30,821	17,630
Recurring | Level 2
Assets
Total	0	0
Recurring | Level 2 | Market
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Available-for-sale securities	0	0
Recurring | Level 3
Assets
Total	0	0
Recurring | Level 3 | Market
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Available-for-sale securities	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, gross	$ 507,975	$ 266,001
Series 2012 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	46,669	46,488
Series 2016 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	149,980	149,575
Co-venturer | Subsidiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 3,725
Loans receivable interest rate	12.00%
Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable interest rate	10.00%
Notes receivable, fair value disclosure	$ 17,935	17,935
Bonds payable | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, gross	$ 242,551	$ 0

REVENUES - Components of Revenu

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues
Total revenues	$ 44,673	$ 31,453
Equipment Leasing
Revenues
Lease income	18,246	12,922
Maintenance revenue	12,669	5,106
Finance lease income	386	1,522
Other revenue	87	25
Total revenues	31,388	19,575
Infrastructure
Revenues
Lease income	16	0
Rail revenues	8,403	7,999
Terminal services revenues	4,866	3,879
Total revenues	13,285	11,878
Operating Segments | Reportable Subsegments | Aviation Leasing
Revenues
Total revenues	30,306	17,953
Operating Segments | Reportable Subsegments | Offshore Energy
Revenues
Total revenues	1,057	485
Operating Segments | Reportable Subsegments | Shipping Containers
Revenues
Total revenues	25	1,137
Operating Segments | Reportable Subsegments | Jefferson Terminal
Revenues
Total revenues	4,866	3,879
Operating Segments | Reportable Subsegments | Railroad
Revenues
Total revenues	8,403	7,999
Operating Segments | Reportable Subsegments | Ports and Terminals
Revenues
Total revenues	16	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Revenues
Lease income	17,635	12,847
Maintenance revenue	12,669	5,106
Finance lease income	0	0
Other revenue	2	0
Total revenues	30,306	17,953
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Revenues
Lease income	611	75
Maintenance revenue	0	0
Finance lease income	386	410
Other revenue	60	0
Total revenues	1,057	485
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Revenues
Lease income	0	0
Maintenance revenue	0	0
Finance lease income	0	1,112
Other revenue	25	25
Total revenues	25	1,137
Operating Segments | Reportable Subsegments | Equipment Leasing | Jefferson Terminal
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Railroad
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Ports and Terminals
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Aviation Leasing
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Offshore Energy
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Shipping Containers
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Revenues
Lease income	0	0
Rail revenues	0	0
Terminal services revenues	4,866	3,879
Total revenues	4,866	3,879
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Revenues
Lease income	0	0
Rail revenues	8,403	7,999
Terminal services revenues	0	0
Total revenues	8,403	7,999
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Revenues
Lease income	16
Rail revenues	0
Terminal services revenues	0
Total revenues	$ 16	$ 0

REVENUES - Minimum Future Annua

REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Mar. 31, 2017USD ($)
Revenue Disclosure [Abstract]
2,017	$ 52,645
2,018	48,876
2,019	33,729
2,020	22,998
2,021	13,943
Thereafter	3,326
Total	$ 175,517

EQUITY-BASED COMPENSATION - Add

EQUITY-BASED COMPENSATION - Additional Information (Details) $ in Thousands	Aug. 27, 2014USD ($)	Mar. 31, 2017USD ($)trancheperformance_conditionshares	Mar. 31, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches | tranche		3
Equity-based compensation expense | $		$ 87	$ (3,963)
Cash in lieu of delivering vested shares | $			200
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		0
Equity-based compensation expense | $		$ 59	$ (4,168)
Shares vested (in shares) | shares		0
Restricted Shares | Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		1,300,000
Forfeiture rate			0.00%
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense | $		$ 28	$ 205
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) | shares		30,000,000
Award Expiring August 2017 | Restricted Shares | Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		1,250,000
Grant date fair value | $	$ 23,879
Vesting period		3 years
Number of performance conditions | performance_condition		3
Award Expiring August 2018 | Restricted Shares | Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		52,388,000	42,000
Grant date fair value | $		$ 942	$ 800
Vesting period		4 years	4 years
Awards vesting rights			50.00%
Forfeited percentage			50.00%
Shares vested (in shares) | shares		0
Operating Expense | Restricted Shares | Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense | $			$ (4,402)

EQUITY-BASED COMPENSATION - Exp

EQUITY-BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 87	$ (3,963)
Remaining expense to be recognized, if all vesting conditions are met	24,705
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	0	0
Remaining expense to be recognized, if all vesting conditions are met	0
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	59	(4,168)
Remaining expense to be recognized, if all vesting conditions are met	24,644
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	28	$ 205
Remaining expense to be recognized, if all vesting conditions are met	$ 61

EQUITY-BASED COMPENSATION - Sum

EQUITY-BASED COMPENSATION - Summary of Stock Option Activity (Details) - Incentive Plan - Stock Options - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Options
Stock options outstanding, beginning balance (in shares)	15,000
Granted (in shares)	0
Exercised (in shares)	0
Forfeited and canceled (in shares)	0
Stock options outstanding, ending balance (in shares)	15,000
Weighted-Average Exercise Price (per share)
Stock options outstanding (in usd per share)	$ 16.98
Granted (in dollars per share)	0
Stock options outstanding and exercisable (in usd per share)	$ 16.98
Aggregate Value (in thousands)	$ 0	$ 0
Weighted Average Remaining Contractual Term (in years)
Weighted Average Remaining Contractual Term (in years)	8 years 4 months 24 days
Outstanding and exercisable, weighted average remaining contractual term	8 years 1 month 24 days

EQUITY-BASED COMPENSATION - Sto

EQUITY-BASED COMPENSATION - Stock Units Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning number outstanding and exercisable (in units)	1,302,388
Granted (in shares)	0
Less: vested (in shares)	0
Less: forfeited and canceled (in shares)	0
Ending number outstanding and exercisable (in units)	1,302,388
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning, weighted average exercise price (USD per share)	$ 19.06
Granted (USD per share)	0
Less: vested (USD per share)	0
Less: forfeited and canceled (USD per share)	0
Ending, weighted average exercise price (USD per share)	$ 19.06
Common units outstanding	$ 24,824	$ 24,824
Weighted Average Remaining Contractual Term (in years)	8 months 27 days
Outstanding and exercisable, weighted average remaining contractual term	5 months 27 days
Common Units
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning number outstanding and exercisable (in units)	83,333
Granted (in shares)	0
Less: vested (in shares)	0
Less: forfeited and canceled (in shares)	0
Ending number outstanding and exercisable (in units)	83,333
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning, weighted average exercise price (USD per share)	$ 1.34
Granted (USD per share)	0
Less: vested (USD per share)	0
Less: forfeited and canceled (USD per share)	0
Ending, weighted average exercise price (USD per share)	$ 1.34
Common units outstanding	$ 112	$ 112
Weighted Average Remaining Contractual Term (in years)	9 months 7 days
Outstanding and exercisable, weighted average remaining contractual term	6 months 7 days

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Current:
Federal	$ 121	$ 20
State and local	53	31
Foreign	21	10
Total current provision	195	61
Deferred:
Federal	4	4
State and local	0	0
Foreign	13	(131)
Total deferred provision	17	(127)
Total provision for (benefit from) income taxes	$ 212	$ (66)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
U.S. federal tax at statutory rate	35.00%

MANAGEMENT AGREEMENT AND AFFI65

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($)	1 Months Ended	3 Months Ended
	May 31, 2015	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Ownership percentage by manager	0.05%
Management fees and incentive allocation to affiliate		$ 3,893,000	$ 4,348,000
Net income (loss) attributable to non-controlling interest		$ (4,798,000)	(3,295,000)
Jefferson Terminal
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage		20.00%
Non-controlling interest by private equity fund		$ 72,346,000		$ 74,904,000
Net income (loss) attributable to non-controlling interest		$ 2,558,000	1,633,000
Manager | Management fees
Related Party Transaction [Line Items]
Management fee percentage rate		1.50%
Management fee payable		$ 1,304,000		1,697,000
Due from related party		0
Manager | Bond Purchase Agreement Guarantee Fees
Related Party Transaction [Line Items]
Amounts of transaction		1,740,000
General Partner | Post IPO Management Fees
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate		3,893,000	4,348,000
General Partner | Capital gains incentive allocation
Related Party Transaction [Line Items]
Management fee payable		0
General Partner | General and administrative expense
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate		2,204,000	1,758,000
General Partner | Acquisition and Transaction Expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate		1,150,000	$ 1,013,000
Accounts Payable and Accrued Liabilities | Manager
Related Party Transaction [Line Items]
Amounts payable to vendor		$ 1,350,000		$ 1,347,000
Threshold 1 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income Incentive Allocation
Related Party Transaction [Line Items]
Pre-incentive income allocation		0.00%
Quarterly percent threshold of pre-incentive allocation net income		2.00%
Annual percent threshold of pre-incentive allocation net income		8.00%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income Incentive Allocation
Related Party Transaction [Line Items]
Pre-incentive income allocation		100.00%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income Incentive Allocation | Minimum
Related Party Transaction [Line Items]
Quarterly percent threshold of pre-incentive allocation net income		2.00%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income Incentive Allocation | Maximum
Related Party Transaction [Line Items]
Quarterly percent threshold of pre-incentive allocation net income		2.2223%
Threshold 3 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income Incentive Allocation
Related Party Transaction [Line Items]
Pre-incentive income allocation		10.00%

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
	Mar. 31, 2017asegment
Segment Reporting Information [Line Items]
Number of reportable segments | segment	6
Repauno
Segment Reporting Information [Line Items]
Area of real estate | a	1,630

SEGMENT INFORMATION - Statement

SEGMENT INFORMATION - Statement of Income by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues
Total revenues	$ 44,673	$ 31,453
Expenses
Operating expenses	21,013	14,358
General and administrative	3,835	2,588
Acquisition and transaction expenses	1,452	1,059
Management fees and incentive allocation to affiliate	3,893	4,348
Depreciation and amortization	17,377	13,217
Interest expense	4,694	5,303
Total expenses	52,264	40,873
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	(1,266)	85
Gain on sale of equipment, net	2,018	1,722
Loss on extinguishment of debt	(2,456)	(1,579)
Interest income	283	9
Other income	12	40
Total other (expense) income	(1,409)	277
Loss before income taxes	(9,000)	(9,143)
Provision for (benefit from) income taxes	212	(66)
Net loss	(9,212)	(9,077)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(4,798)	(3,295)
Net loss attributable to shareholders	(4,414)	(5,782)
Equipment Leasing
Revenues
Total revenues	31,388	19,575
Infrastructure
Revenues
Total revenues	13,285	11,878
Operating Segments | Reportable Subsegments | Aviation Leasing
Revenues
Total revenues	30,306	17,953
Expenses
Operating expenses	1,419	817
General and administrative	0	0
Acquisition and transaction expenses	215	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	11,289	7,427
Interest expense	0	0
Total expenses	12,923	8,244
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	(736)	0
Gain on sale of equipment, net	2,032	1,208
Loss on extinguishment of debt	0	0
Interest income	83	1
Other income	0	0
Total other (expense) income	1,379	1,209
Loss before income taxes	18,762	10,918
Provision for (benefit from) income taxes	193	(97)
Net loss	18,569	11,015
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(82)	97
Net loss attributable to shareholders	18,651	10,918
Operating Segments | Reportable Subsegments | Offshore Energy
Revenues
Total revenues	1,057	485
Expenses
Operating expenses	3,543	3,601
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	1,607	1,588
Interest expense	924	935
Total expenses	6,074	6,124
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	0	0
Gain on sale of equipment, net	0	0
Loss on extinguishment of debt	0	0
Interest income	3	2
Other income	0	0
Total other (expense) income	3	2
Loss before income taxes	(5,014)	(5,637)
Provision for (benefit from) income taxes	2	0
Net loss	(5,016)	(5,637)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(248)	(247)
Net loss attributable to shareholders	(4,768)	(5,390)
Operating Segments | Reportable Subsegments | Shipping Containers
Revenues
Total revenues	25	1,137
Expenses
Operating expenses	0	30
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	0	0
Interest expense	0	410
Total expenses	0	440
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	(465)	85
Gain on sale of equipment, net	0	304
Loss on extinguishment of debt	0	0
Interest income	0	0
Other income	0	(2)
Total other (expense) income	(465)	387
Loss before income taxes	(440)	1,084
Provision for (benefit from) income taxes	(25)	(4)
Net loss	(415)	1,088
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0
Net loss attributable to shareholders	(415)	1,088
Operating Segments | Reportable Subsegments | Jefferson Terminal
Revenues
Total revenues	4,866	3,879
Expenses
Operating expenses	7,613	2,688
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	3,951	3,676
Interest expense	1,437	3,804
Total expenses	13,001	10,168
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	(65)	0
Gain on sale of equipment, net	0	0
Loss on extinguishment of debt	0	(1,579)
Interest income	197	6
Other income	12	42
Total other (expense) income	144	(1,531)
Loss before income taxes	(7,991)	(7,820)
Provision for (benefit from) income taxes	39	35
Net loss	(8,030)	(7,855)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(4,358)	(3,156)
Net loss attributable to shareholders	(3,672)	(4,699)
Operating Segments | Reportable Subsegments | Railroad
Revenues
Total revenues	8,403	7,999
Expenses
Operating expenses	7,544	7,222
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	526	526
Interest expense	199	154
Total expenses	8,269	7,902
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	0	0
Gain on sale of equipment, net	(14)	210
Loss on extinguishment of debt	0	0
Interest income	0	0
Other income	0	0
Total other (expense) income	(14)	210
Loss before income taxes	120	307
Provision for (benefit from) income taxes	0	0
Net loss	120	307
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	4	13
Net loss attributable to shareholders	116	294
Operating Segments | Reportable Subsegments | Ports and Terminals
Revenues
Total revenues	16	0
Expenses
Operating expenses	894	0
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	4	0
Interest expense	274	0
Total expenses	1,172	0
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	0	0
Gain on sale of equipment, net	0	0
Loss on extinguishment of debt	0	0
Interest income	0	0
Other income	0	0
Total other (expense) income	0	0
Loss before income taxes	(1,156)	0
Provision for (benefit from) income taxes	3	0
Net loss	(1,159)	0
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(114)	0
Net loss attributable to shareholders	(1,045)	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Revenues
Total revenues	30,306	17,953
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Revenues
Total revenues	1,057	485
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Revenues
Total revenues	25	1,137
Operating Segments | Reportable Subsegments | Equipment Leasing | Jefferson Terminal
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Railroad
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Ports and Terminals
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Aviation Leasing
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Offshore Energy
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Shipping Containers
Revenues
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Revenues
Total revenues	4,866	3,879
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Revenues
Total revenues	8,403	7,999
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Revenues
Total revenues	16	0
Corporate
Revenues
Total revenues	0	0
Expenses
Operating expenses	0	0
General and administrative	3,835	2,588
Acquisition and transaction expenses	1,237	1,059
Management fees and incentive allocation to affiliate	3,893	4,348
Depreciation and amortization	0	0
Interest expense	1,860	0
Total expenses	10,825	7,995
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	0	0
Gain on sale of equipment, net	0	0
Loss on extinguishment of debt	(2,456)	0
Interest income	0	0
Other income	0	0
Total other (expense) income	(2,456)	0
Loss before income taxes	(13,281)	(7,995)
Provision for (benefit from) income taxes	0	0
Net loss	(13,281)	(7,995)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	(2)
Net loss attributable to shareholders	(13,281)	(7,993)
Corporate | Equipment Leasing
Revenues
Total revenues	0	0
Corporate | Infrastructure
Revenues
Total revenues	$ 0	$ 0

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted Net Income to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	$ (249)	$ (6,532)
Add: Non-controlling share of adjustments to Adjusted Net Income	39	(989)
Equity in (losses) earnings of unconsolidated entities	(1,266)	85
Add: Cash payments for income taxes	3	351
Less: Incentive allocations	0	0
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities	1,266	(85)
Less: Asset impairment charges	0	0
Less: Changes in fair value of non-hedge derivative instruments	0	(3)
Less: Losses on the modification or extinguishment of debt and capital lease obligations	(2,456)	(1,579)
Less: Acquisition and transaction expenses	(1,452)	(1,059)
Less: Equity-based compensation expense	(87)	3,963
Less: Provision for income taxes	(212)	66
Net loss attributable to shareholders	(4,414)	(5,782)
Operating Segments | Reportable Subsegments | Aviation Leasing
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities	(736)	0
Less: Acquisition and transaction expenses	(215)	0
Less: Provision for income taxes	(193)	97
Net loss attributable to shareholders	18,651	10,918
Operating Segments | Reportable Subsegments | Offshore Energy
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	(2)	0
Net loss attributable to shareholders	(4,768)	(5,390)
Operating Segments | Reportable Subsegments | Shipping Containers
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities	(465)	85
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	25	4
Net loss attributable to shareholders	(415)	1,088
Operating Segments | Reportable Subsegments | Jefferson Terminal
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities	(65)	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	(39)	(35)
Net loss attributable to shareholders	(3,672)	(4,699)
Operating Segments | Reportable Subsegments | Railroad
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	0	0
Net loss attributable to shareholders	116	294
Operating Segments | Reportable Subsegments | Ports and Terminals
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	(3)	0
Net loss attributable to shareholders	(1,045)	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	19,059	10,475
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(4,766)	(5,390)
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(440)	1,087
Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(3,614)	(6,257)
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	142	491
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(1,042)	0
Corporate
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(9,588)	(6,938)
Equity in (losses) earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	(1,237)	(1,059)
Less: Provision for income taxes	0	0
Net loss attributable to shareholders	$ (13,281)	$ (7,993)

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Geographic Sources of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Total revenues	$ 44,673	$ 31,453
Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	31,388	19,575
Infrastructure
Segment Reporting Information [Line Items]
Total revenues	13,285	11,878
Operating Segments | Reportable Subsegments | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	30,306	17,953
Operating Segments | Reportable Subsegments | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	1,057	485
Operating Segments | Reportable Subsegments | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	25	1,137
Operating Segments | Reportable Subsegments | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	4,866	3,879
Operating Segments | Reportable Subsegments | Railroad
Segment Reporting Information [Line Items]
Total revenues	8,403	7,999
Operating Segments | Reportable Subsegments | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	16	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	30,306	17,953
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	1,057	485
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	25	1,137
Operating Segments | Reportable Subsegments | Equipment Leasing | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
Operating Segments | Reportable Subsegments | Equipment Leasing | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0
Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	4,866	3,879
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total revenues	8,403	7,999
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	16	0
Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0
Corporate | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	0	0
Corporate | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa
Segment Reporting Information [Line Items]
Total revenues	2,367	2,779
Africa | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	2,367	2,779
Africa | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa | Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa | Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa | Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	0	0
Asia
Segment Reporting Information [Line Items]
Total revenues	15,465	10,192
Asia | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	14,769	9,383
Asia | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	671	0
Asia | Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	25	809
Asia | Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
Asia | Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
Asia | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	0	0
Europe
Segment Reporting Information [Line Items]
Total revenues	11,470	5,041
Europe | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	11,470	4,966
Europe | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	75
Europe | Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0
Europe | Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
Europe | Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
Europe | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	0	0
North America
Segment Reporting Information [Line Items]
Total revenues	15,076	13,076
North America | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	1,405	460
North America | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	386	410
North America | Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	328
North America | Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	4,866	3,879
North America | Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total revenues	8,403	7,999
North America | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	16	0
South America
Segment Reporting Information [Line Items]
Total revenues	295	365
South America | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	295	365
South America | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	0
South America | Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0
South America | Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
South America | Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
South America | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	$ 0	$ 0

SEGMENT INFORMATION - Balance S

SEGMENT INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total assets	$ 1,759,098	$ 1,547,312
Debt, net	495,482	259,512
Total liabilities	622,537	381,632
Equity
Non-controlling interest in equity of consolidated subsidiaries	107,157	111,868
Total equity	1,136,561	1,165,680
Total liabilities and equity	1,759,098	1,547,312
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total assets	670,035	625,680
Debt, net	0	0
Total liabilities	85,016	74,989
Equity
Non-controlling interest in equity of consolidated subsidiaries	1,252	1,334
Total equity	585,019	550,691
Total liabilities and equity	670,035	625,680
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total assets	232,693	220,544
Debt, net	61,149	62,655
Total liabilities	65,383	66,002
Equity
Non-controlling interest in equity of consolidated subsidiaries	3,076	3,325
Total equity	167,310	154,542
Total liabilities and equity	232,693	220,544
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total assets	3,892	4,333
Debt, net	0	0
Total liabilities	0	0
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	3,892	4,333
Total liabilities and equity	3,892	4,333
Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total assets	530,660	534,638
Debt, net	185,119	184,702
Total liabilities	199,526	205,536
Equity
Non-controlling interest in equity of consolidated subsidiaries	99,789	104,087
Total equity	331,134	329,102
Total liabilities and equity	530,660	534,638
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total assets	40,014	40,428
Debt, net	13,233	12,155
Total liabilities	24,409	24,971
Equity
Non-controlling interest in equity of consolidated subsidiaries	2,146	2,114
Total equity	15,605	15,457
Total liabilities and equity	40,014	40,428
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total assets	74,184	63,331
Debt, net	0	0
Total liabilities	6,693	6,287
Equity
Non-controlling interest in equity of consolidated subsidiaries	370	483
Total equity	67,491	57,044
Total liabilities and equity	74,184	63,331
Corporate
Segment Reporting Information [Line Items]
Total assets	207,620	58,358
Debt, net	235,981	0
Total liabilities	241,510	3,847
Equity
Non-controlling interest in equity of consolidated subsidiaries	524	525
Total equity	(33,890)	54,511
Total liabilities and equity	$ 207,620	$ 58,358

SEGMENT INFORMATION - Location

SEGMENT INFORMATION - Location of Long-Lived Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 829,275	$ 765,455
Property, plant and equipment and leasing equipment, net
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	1,193,050	1,117,636
Property, plant and equipment and leasing equipment, net | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	619,986	554,282
Property, plant and equipment and leasing equipment, net | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	167,892	169,499
Property, plant and equipment and leasing equipment, net | 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 and leasing equipment, net | Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	323,733	319,503
Property, plant and equipment and leasing equipment, net | Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	30,235	29,866
Property, plant and equipment and leasing equipment, net | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	51,204	44,486
Property, plant and equipment and leasing equipment, net | Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	40,775	51,136
Property, plant and equipment and leasing equipment, net | Africa | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	40,775	51,136
Property, plant and equipment and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | Africa | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | Africa | Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	429,764	382,134
Property, plant and equipment and leasing equipment, net | Asia | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	261,872	212,635
Property, plant and equipment and leasing equipment, net | Asia | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	167,892	169,499
Property, plant and equipment and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | Asia | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | Asia | Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	237,624	225,934
Property, plant and equipment and leasing equipment, net | Europe | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	237,624	225,934
Property, plant and equipment and leasing equipment, net | Europe | 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 and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | Europe | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | Europe | Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	476,762	450,311
Property, plant and equipment and leasing equipment, net | 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	71,590	56,456
Property, plant and equipment and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | North America | Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	323,733	319,503
Property, plant and equipment and leasing equipment, net | North America | Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	30,235	29,866
Property, plant and equipment and leasing equipment, net | North America | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	51,204	44,486
Property, plant and equipment and leasing equipment, net | North America | Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	8,125	8,121
Property, plant and equipment and leasing equipment, net | 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	8,125	8,121
Property, plant and equipment and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | 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 and leasing equipment, net | South America | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, plant and equipment and leasing equipment, net | 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
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Net loss attributable to shareholders	$ (4,414)	$ (5,782)
Weighted Average Shares Outstanding - Basic (in shares)	75,762,283	75,727,369
Weighted Average Shares Outstanding - Diluted (in shares)	75,762,283	75,727,369
Basic and Diluted EPS (in dollars per share)	$ (0.06)	$ (0.08)
Antidilutive shares excluded from the calculation of diluted EPS (in shares)	2,149

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Loss Contingencies [Line Items]
Potential milestone payment	$ 15,000,000
Rent expense	1,241,000	$ 1,214,000
Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	0
Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 10,306,000

COMMITMENTS AND CONTINGENCIES74

COMMITMENTS AND CONTINGENCIES - Minimum Future Rental Payments (Details) $ in Thousands	Mar. 31, 2017USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,017	$ 4,886
2,018	6,050
2,019	5,888
2,020	5,219
2,021	4,185
Thereafter	73,292
Total	$ 99,520

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	May 04, 2017	Mar. 31, 2017	Mar. 31, 2016
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)		$ 0.33	$ 0.33
Subsequent Event
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	$ 0.33