FTAI Aviation (FTAI) 10-Q 4 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 04, 2018
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, 2018
Document Fiscal Year Focus	2,018
Amendment Flag	false
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		82,779,232

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 80,916	$ 59,400
Restricted cash	25,823	33,406
Accounts receivable, net	36,847	31,076
Leasing equipment, net	1,128,493	1,074,130
Finance leases, net	9,115	9,244
Property, plant, and equipment, net	512,052	489,949
Investments	43,702	42,538
Intangible assets, net	37,978	40,043
Goodwill	116,584	116,584
Other assets	56,316	59,436
Total assets	2,047,826	1,955,806
Liabilities
Accounts payable and accrued liabilities	56,031	68,226
Debt, net	710,638	703,264
Maintenance deposits	107,444	103,464
Security deposits	28,921	27,257
Other liabilities	18,298	18,520
Total liabilities	921,332	920,731
Commitments and contingencies
Equity
Common shares ($0.01 par value per share; 2,000,000,000 shares authorized; 82,779,232 and 75,771,738 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively)	828	758
Additional paid in capital	1,085,492	985,009
Accumulated deficit	(39,271)	(38,699)
Accumulated other comprehensive income	0	0
Shareholders' equity	1,047,049	947,068
Non-controlling interest in equity of consolidated subsidiaries	79,445	88,007
Total equity	1,126,494	1,035,075
Total liabilities and equity	$ 2,047,826	$ 1,955,806

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Available-for-sale securities	$ 0	$ 0
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)	82,779,232	75,771,738
Common stock, shares outstanding (in shares)	82,779,232	75,771,738

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Total revenues	$ 68,844	$ 44,673
Expenses
Operating expenses	27,579	21,013
General and administrative	3,586	3,835
Acquisition and transaction expenses	1,766	1,452
Management fees and incentive allocation to affiliate	3,739	3,893
Depreciation and amortization	29,587	17,377
Interest expense	11,871	4,694
Total expenses	78,128	52,264
Other income (expense)
Equity in earnings (losses) of unconsolidated entities	95	(1,266)
(Loss) gain on sale of equipment, net	(5)	2,018
Loss on extinguishment of debt	0	(2,456)
Interest income	176	283
Other income	180	12
Total other income (expense)	446	(1,409)
Loss before income taxes	(8,838)	(9,000)
Provision for income taxes	495	212
Net loss	(9,333)	(9,212)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(8,761)	(4,798)
Net loss attributable to shareholders	$ (572)	$ (4,414)
Loss per share
Basic and Diluted (usd per share)	$ (0.01)	$ (0.06)
Weighted Average Shares Outstanding:
Basic (in shares)	81,534,454	75,762,283
Diluted (in shares)	81,534,454	75,762,283
Equipment Leasing
Revenues
Total revenues	$ 55,784	$ 31,388
Infrastructure
Revenues
Total revenues	$ 13,060	$ 13,285

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net loss	$ (9,333)	$ (9,212)
Other comprehensive loss:
Change in fair value of available-for-sale securities	0	4,859
Comprehensive loss	(9,333)	(4,353)
Comprehensive loss attributable to non-controlling interest	(8,761)	(4,798)
Comprehensive (loss) income attributable to shareholders	$ (572)	$ 445

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Total	Common Shares	Additional Paid In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Non-Controlling Interest in Equity of Consolidated Subsidiaries
Beginning balance at Dec. 31, 2017	$ 1,035,075	$ 758	$ 985,009	$ (38,699)	$ 0	$ 88,007
Comprehensive loss:
Net loss for the period	(9,333)			(572)		(8,761)
Other comprehensive loss	0				0
Comprehensive loss	(9,333)			(572)	0	(8,761)
Dividends declared	(27,333)		(27,333)
Issuance of common shares	127,877	70	127,807
Equity-based compensation	208		9			199
Ending balance at Mar. 31, 2018	$ 1,126,494	$ 828	$ 1,085,492	$ (39,271)	$ 0	$ 79,445

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (9,333)	$ (9,212)
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in (earnings) losses of unconsolidated entities	(95)	1,266
Loss (gain) on sale of equipment, net	5	(2,018)
Security deposits and maintenance claims included in earnings	(383)	0
Loss on extinguishment of debt	0	2,456
Equity-based compensation	208	87
Depreciation and amortization	29,587	17,377
Change in current and deferred income taxes	504	209
Change in fair value of non-hedge derivative	(624)	0
Amortization of lease intangibles and incentives	7,226	1,949
Amortization of deferred financing costs	1,151	1,133
Bad debt expense	1,441	31
Other	9	37
Change in:
Accounts receivable	(7,387)	(1,626)
Other assets	1,176	11,227
Accounts payable and accrued liabilities	(9,768)	(4,992)
Management fees payable to affiliate	(1,300)	(347)
Other liabilities	(947)	103
Net cash provided by operating activities	11,470	17,680
Cash flows from investing activities:
Investment in notes receivable	(912)	0
Investment in unconsolidated entities and available for sale securities	(1,115)	(14,654)
Principal collections on finance leases	129	110
Acquisition of leasing equipment	(86,043)	(67,695)
Acquisition of property plant and equipment	(23,641)	(14,796)
Acquisition of lease intangibles	(1,029)	0
Purchase deposits for acquisitions	(6,886)	(1,120)
Proceeds from sale of leasing equipment	6,136	9,834
Proceeds from sale of property, plant and equipment	38	52
Proceeds from deposit on sale of leasing equipment	240	60
Return of deposit on sale of engine	(400)	0
Net cash used in investing activities	(113,483)	(88,209)
Cash flows from financing activities:
Proceeds from debt	18,600	235,411
Repayment of debt	(12,612)	(1,562)
Payment of deferred financing costs	(71)	(366)
Receipt of security deposits	1,864	1,425
Return of security deposits	(700)	(32)
Receipt of maintenance deposits	9,720	4,424
Release of maintenance deposits	(1,840)	0
Proceeds from issuance of common shares, net of underwriter's discount	128,450	0
Common shares issuance costs	(132)	0
Cash dividends	(27,333)	(25,013)
Net cash provided by financing activities	115,946	214,287
Net increase in cash and cash equivalents and restricted cash	13,933	143,758
Cash and cash equivalents and restricted cash, beginning of period	92,806	133,496	$ 133,496
Cash and cash equivalents and restricted cash, end of period	106,739	277,254	$ 92,806
Supplemental disclosure of non-cash investing and financing activities:
Proceeds from borrowings of debt	511	108,089
Repayment and settlement of debt	0	(100,000)
Acquisition of leasing equipment	(2,938)	(18,324)
Acquisition of property, plant and equipment	(5,849)	(303)
Settled and assumed security deposits	500	296
Billed, assumed and settled maintenance deposits	(3,517)	2,398
Deferred financing costs	0	(9,117)
Issuance of common shares	150	160
Common share issuance costs	$ (591)	$ 0

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2018
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”), a deep-water port located along the Delaware River with an underground storage cavern and multiple industrial development opportunities (“Repauno”), and a multi-modal terminal located along the Ohio River with multiple industrial development opportunities (“Long Ridge”). The Company has six reportable segments, (i) Aviation Leasing, (ii) Offshore Energy, (iii) Shipping Containers, (iv) Jefferson Terminal, (v) Railroad, and (vi) 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, 2018
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 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. 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. Upon acquisition there were 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 interest 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. Ohio River Partners LLC On June 16, 2017, the Company, through Ohio River Partners LLC (“ORP”), a consolidated subsidiary, purchased the assets of Long Ridge which consisted primarily of land, buildings, railroad track, docks, water rights, site improvements and other rights. The Company purchased 100% of the interests in these assets. ORP is solely reliant on the Company to finance its activities and therefore is a VIE. The Company concluded it was the primary beneficiary; accordingly, ORP has been presented on a consolidated basis in the accompanying financial statements. 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 $25,823 and $33,406 as of March 31, 2018 and December 31, 2017 , 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 construction 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 Note 9 for details. Inventory — Crude oil is carried at the lower of cost or net realizable value on the Company’s balance sheet. Crude oil is removed from inventory based on the average cost at the time of sale. At March 31, 2018 and December 31, 2017 , the Company had crude oil inventory of $4,892 and $8,877 , respectively. The Company records its inventory as a component of other assets on the accompanying Consolidated Balance Sheets. 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 $10,559 and $11,423 as of March 31, 2018 and December 31, 2017 , respectively, are recorded as a component of debt in the accompanying Consolidated Balance Sheets. In connection with the Jefferson Revolver, the Company incurred $511 of deferred financing costs as of March 31, 2018 which are recorded as a component of other assets in the accompanying Consolidated Balance Sheet. Refer to Note 8 for details. Amortization expense was $1,151 an d $1,133 for the three months ended March 31, 2018 and 2017 , respectively. Amortization expense is included as a component of interest expense in the accompanying Consolidated Statements of Operations. Revenue Recognition Effective January 1, 2018, the Company adopted FASB ASU No. 2014-09, “Revenue from Contracts with Customers” (Topic 606) and related updates. The standard’s core principle is that a Company will recognize revenue when it transfers promised goods or services to customers in an amount that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The adoption of this standard is applied using the modified retrospective approach. See below for a detailed description of revenue recognition by our two strategic business units, Equipment Leasing and Infrastructure. Lease contracts, within the scope of ASC 840, Leases , are specifically excluded from ASU 2014-09. Infrastructure revenues that do not qualify as leases or leases that are combined with other services are recognized as revenue only when the services have been performed or goods transferred and the Company expects to be entitled in exchange for the goods delivered or services performed in accordance with contractual obligations. See Note 11 for additional details regarding the disaggregation of our revenues by segment. The adoption of the standard did not have a material impact on our consolidated financial statements and related disclosures. Equipment Leasing Revenues Operating Leases —The Company leases equipment pursuant to net operating leases. Operating leases with fixed rentals and step rentals are recognized on a straight-line basis over the term of the lease, assuming no renewals. Revenue is not recognized when collection is not reasonably assured. When collectability is not reasonably assured, the customer is placed on non-accrual status and revenue is recognized when cash payments are received. The Company also recognizes maintenance revenue related to the portion of maintenance payments received from lessees of aviation equipment that are not expected to be reimbursed in connection with major maintenance events. Finance Lease —The Company owns one anchor handling tug supply vessel subject to a finance lease, as of March 31, 2018 and 2017 . This lease generally includes a lessee obligation to purchase the leased equipment at the end of the lease term, a bargain purchase option, or provides for minimum lease payments with a present value of 90% or more of the fair value of the leased equipment at the date of lease inception. Net investment in finance lease represents the minimum lease payments due from lessee, net of unearned income. The lease payments are segregated into principal and interest components similar to a loan. Unearned income is recognized on an effective interest method over the lease term and is recorded as finance lease income. The principal component of the lease payment is reflected as a reduction to the net investment in finance leases. Infrastructure Revenues Rail Revenues —Rail revenues are recognized proportionally as freight moves from origin to destination. Other miscellaneous revenues, such as unloading and switching revenue, are recognized as the service is performed or contractual obligations are met. Terminal Services Revenues —Terminal services revenues are recognized when services have been provided to the customer, the product has been delivered, the price is considered to be fixed or determinable and collectability is reasonably assured. Prepayments for services are deferred until the period in which the above criteria are met. Terminal services fees include services provided to third-party customers related to receipt and redelivery of crude oil products. Lease Revenues —Ports and Terminals revenue are recognized as various tenants lease out storage space including equipment, piping and frac sand. Lease revenue is recognized based on the terms of the lease agreement. 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, 2018 and 2017 , the Company had no revenue concentration over 10% of total revenue from any one customer. As of March 31, 2018 , accounts receivable from two customers in the Offshore Energy segment each represented 12% of total accounts receivable, net. As of December 31, 2017 , accounts receivable from two customers in the Offshore Segment represented 17% and 10% , respectively, 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, 2018 and December 31, 2017 was $2,084 and $983 , respectively. Bad debt expense was $1,441 and $31 for the three months ended March 31, 2018 and 2017 , 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. Derivative Financial Instruments — In 2017 the Company entered into short-term crude forward contracts. The fair value of the short-term derivative asset at March 31, 2018 and December 31, 2017 was $ 398 and $ 1,022 , respectively, recorded in other assets. Other Assets— Other assets is primarily comprised of crude oil of $4,892 and $8,877 , notes receivable of $3,367 and $2,623 , purchase deposits for acquisitions of $13,535 and $12,299 , lease incentives of $23,176 and $23,811 , and prepaid expenses of $4,291 and $4,149 as of March 31, 2018 and December 31, 2017 , respectively. Dividends— Dividends are recorded if and when declared by the Board of Directors. For both the three months ended March 31, 2018 and 2017 , the Board of Directors declared a cash dividend of $0.33 per share. Recent Accounting Pronouncements — 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 is 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 is 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. 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, 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 , ASU 2017-14, Income Statement-Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) and 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 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 has identified and evaluated relevant revenue contracts within the scope of the guidance. The Company adopted ASU 2014-09 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires (i) equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income, (ii) public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. ASU 2016-01 also eliminates the requirement for public business entities to disclose the 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 adopted ASU 2016-01 as of January 1, 2018 and the adoption of this guidance did not have any impact on the Company’s 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 adopted ASU 2016-15 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the presentation of the Company’s Statements of Cash Flows. 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 adopted ASU 2016-16 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the Company’s 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 adopted ASU 2016-18 as of January 1, 2018 and the adoption of this guidance included changes in restricted cash in the Company’s Statements of Cash Flows for all periods presented. 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 amends 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 adopted ASU 2017-05 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In May 2017, the FASB issued Accounting Standards Update No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09") , which provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. ASU 2017-09 is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years, and early adoption is permitted, including in an interim period. ASU 2017-09 is to be applied on a prospective basis to an award modified on or after the adoption date. The Company adopted ASU 2017-09 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Unadopted Accounting Pronouncements — 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 September 2017, the FASB issued ASU 2017-13, Revenue Recognition (Topic 605), Revenue from contracts from customers (Topic 606), Leases (Topic 840) and Leases (Topic 842) (“ASU 2017-13”), which adds SEC paragraphs to the new revenue and lease sections of the codification on the announcement of the SEC observer made at the July 2017 EITF meeting . 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 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.

LEASING EQUIPMENT

LEASING EQUIPMENT	3 Months Ended
	Mar. 31, 2018
Leases [Abstract]
LEASING EQUIPMENT, NET	LEASING EQUIPMENT, NET Leasing equipment, net is summarized as follows: March 31, 2018 December 31, 2017 Leasing equipment $ 1,292,473 $ 1,217,862 Less: accumulated depreciation (163,980 ) (143,732 ) Leasing equipment, net $ 1,128,493 $ 1,074,130 During the three months ended March 31, 2018 , the Company acquired eight aircraft and three commercial jet engines, and sold four commercial jet engines. During the three months ended March 31, 2017 , the Company acquired six aircraft and 12 commercial jet engines, and sold one aircraft. Depreciation expense for leasing equipment is summarized as follows: Three Months Ended March 31, 2018 2017 Depreciation expense for leasing equipment $ 23,691 $ 13,173

FINANCE LEASES, NET

FINANCE LEASES, NET	3 Months Ended
	Mar. 31, 2018
Leases [Abstract]
FINANCE LEASES, NET	FINANCE LEASES, NET Finance leases, net are summarized as follows: March 31, 2018 December 31, 2017 Finance leases $ 15,520 $ 16,015 Unearned revenue (6,405 ) (6,771 ) Finance leases, net $ 9,115 $ 9,244 As of March 31, 2018 , future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows: Total 2018 $ 1,513 2019 2,008 2020 2,013 2021 2,008 2022 2,008 Thereafter 5,970 Total $ 15,520

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2018
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, 2018 December 31, 2017 Land, site improvements and rights $ 74,268 $ 74,268 Construction in progress 86,844 100,420 Buildings and improvements 9,807 9,807 Terminal machinery and equipment 339,639 299,444 Track and track related assets 35,396 35,371 Railroad equipment 1,058 1,057 Railcars and locomotives 3,429 3,429 Computer hardware and software 3,490 3,105 Furniture and fixtures 544 544 Vehicles 1,480 1,480 555,955 528,925 Less: accumulated depreciation (45,595 ) (40,605 ) Spare parts 1,692 1,629 Property, plant and equipment, net $ 512,052 $ 489,949 During the three months ended March 31, 2018 and 2017 , additional property, plant and equipment of $27,131 and $14,960 was acquired, respectively. Acquisitions primarily consist of terminal machinery and equipment, and computer hardware and software due to the ongoing development of Jefferson Terminal and Repauno. During the three months ended March 31, 2018 and 2017 , disposals of property, plant and equipment totaled $38 and $52 , respectively. Depreciation expense for property, plant and equipment is summarized as follows: Three Months Ended March 31, 2018 2017 Depreciation expense for property, plant and equipment $ 4,996 $ 3,304

INVESTMENTS

INVESTMENTS	3 Months Ended
	Mar. 31, 2018
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, 2018 December 31, 2017 Advanced Engine Repair JV Equity method 25% $ 13,500 $ 13,724 JGP Energy Partners LLC Equity method 50% 26,184 24,920 Intermodal Finance I, Ltd. Equity method 51% 4,018 3,894 Investments $ 43,702 $ 42,538 The Company did not recognize any other-than-temporary impairments for the three months ended March 31, 2018 and 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 Company exercises significant influence over this investment and accounts for this investment as an equity method investment. The Company’s proportionate share of equity in losses was $224 and $736 for the three months ended March 31, 2018 and 2017, respectively. 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 Company’s proportionate share of equity in earnings (losses) was $148 and $(65) for the three months ended March 31, 2018 and 2017, respectively. 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, 2018 , Intermodal owns a portfolio of multiple finance leases, representing five customers and comprising approximately 24,000 shipping containers, as well as a portfolio of approximately 8,000 shipping containers subject to multiple operating leases. The Company’s proportionate share of equity in earnings (losses) was $171 and $(465) for the three months ended March 31, 2018 and 2017, respectively. The table below presents summarized financial information for the Company’s equity method investments: Three Months Ended Income Statement March 31, 2018 March 31, 2017 Revenue $ 4,100 $ 1,621 Total Revenue 4,100 1,621 Expenses Total Expenses $ 4,454 $ 5,709 Net loss $ (354 ) $ (4,088 ) Company’s portion $ 95 $ (1,266 )

INTANGIBLE ASSETS AND LIABILITI

INTANGIBLE ASSETS AND LIABILITIES, NET	3 Months Ended
	Mar. 31, 2018
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, 2018 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 37,775 $ — $ — $ 37,775 Less: Accumulated amortization (22,645 ) — — (22,645 ) Acquired favorable lease intangibles, net 15,130 — — 15,130 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (12,714 ) (176 ) (12,890 ) Acquired customer relationships, net — 22,799 49 22,848 Total intangible assets, net $ 15,130 $ 22,799 $ 49 $ 37,978 Intangible liabilities Acquired unfavorable lease intangibles $ 2,732 $ — $ — $ 2,732 Less: Accumulated amortization (1,576 ) — — (1,576 ) Acquired unfavorable lease intangibles, net $ 1,156 $ — $ — $ 1,156 December 31, 2017 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 36,747 $ — $ — $ 36,747 Less: Accumulated amortization (20,452 ) — — (20,452 ) Acquired favorable lease intangibles, net 16,295 — — 16,295 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (11,825 ) (165 ) (11,990 ) Acquired customer relationships, net — 23,688 60 23,748 Total intangible assets, net $ 16,295 $ 23,688 $ 60 $ 40,043 Intangible liabilities Acquired unfavorable lease intangibles $ 2,732 $ — $ — $ 2,732 Less: Accumulated amortization (1,374 ) — — (1,374 ) Acquired unfavorable lease intangibles, net $ 1,358 $ — $ — $ 1,358 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, 2018 2017 Lease intangibles Equipment leasing revenues $ 1,992 $ 1,282 Customer relationships Depreciation and amortization 900 900 Total $ 2,892 $ 2,182 As of March 31, 2018 , estimated net annual amortization of intangibles is as follows: Total 2018 $ 8,176 2019 7,733 2020 6,383 2021 5,003 2022 3,596 Thereafter 5,931 Total $ 36,822

DEBT, NET

DEBT, NET	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
DEBT, NET	DEBT, NET The Company’s debt, net is summarized as follows: March 31, 2018 December 31, 2017 Loans payable FTAI Pride Credit Agreement $ 52,431 $ 53,993 CMQR Credit Agreement 17,350 22,800 Revolving Credit Facility — — Jefferson Revolver 13,511 — Total loans payable 83,292 76,793 Bonds payable Series 2012 Bonds (1) 44,389 44,404 Series 2016 Bonds 144,200 144,200 Senior Notes (2) 449,316 449,290 Total bonds payable 637,905 637,894 Debt 721,197 714,687 Less: Debt issuance costs (10,559 ) (11,423 ) Total debt, net $ 710,638 $ 703,264 Total debt due within one year $ 7,795 $ 7,795 (1) Includes unamortized premium of $1,624 and $1,639 at March 31, 2018 and December 31, 2017 , respectively. (2) Includes unamortized discount of $6,177 and $6,506 at March 31, 2018 and December 31, 2017 , respectively and an unamortized premium of $5,493 and $5,796 at March 31, 2018 and December 31, 2017 , respectively. 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 in September 2019 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 June 30, 2017, 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 $20,000 to $25,000 and to extend the maturity date to September 18, 2019. 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, 2018 and December 31, 2017 was 4.28% and 3.95% , respectively. The CMQR Credit Agreement is also indirectly supported by Fortress Transportation and Infrastructure Investors LLC (the “Sponsor”). In the event of a default under the credit agreement, CMQR’s lenders can cause CMQR to call up to 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. 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, the 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 the three months ended March 31, 2017 , the Company recorded a loss on extinguishment of debt of $2,456 . Senior Notes — On March 15, 2017, the 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. On August 23, 2017, the Company issued an additional $100,000 of Senior Notes. The additional notes were issued at an offering price of 102.75% of the principal amount plus accrued interest from March 15, 2017 to the date of issuance. On December 20, 2017, the Company issued an additional $100,000 of Senior Notes. The additional notes issued on December 20, 2017 were issued at an offering price of 103.25% of the principal amount plus accrued interest from September 15, 2017. 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. Revolving Credit Facility — On June 16, 2017, the Company entered into a revolving credit facility (the “Revolving Credit Facility”) with certain lenders. The Revolving Credit Facility provides for revolving loans in the aggregate principal amount of up to $75,000 , of which $25,000 may be utilized for the issuance of letters of credit. The proceeds drawn on this facility will be used for working capital and general corporate purposes, including, without limitation, permitted acquisitions and other investments. The Revolving Credit Facility is secured by the capital stock of certain direct subsidiaries of the Company as defined in the related credit agreement. Borrowings outstanding under the Revolving Credit Facility bear interest at the Adjusted Eurodollar Rate (determined in accordance with the credit agreement) plus 3.00% per annum, if the Company chooses to make Eurodollar Rate borrowings, or at the Base Rate (determined in accordance with the credit agreement) plus 2.00% per annum. The Company will also be required to pay a quarterly commitment fee at a rate per annum equal to 0.50% on the average daily unused portion of the Revolving Credit Facility, as well as customary letter of credit fees and agency fees. The Revolving Credit Facility will mature, and commitments in respect of the Revolving Credit Facility will terminate, on June 16, 2020. Any amount borrowed under the Revolving Credit Facility may be voluntarily prepaid without penalty or premium, other than customary breakage costs related to prepayments of Eurodollar Rate borrowings. The Revolving Credit Facility includes financial covenants requiring the maintenance of (1) a minimum ratio of the appraised value of certain aviation assets to the aggregate commitments under the revolving credit facility of 3 .00 to 1.00 and (2) a maximum ratio of debt to total equity (before reduction for minority interests) for the Company and its subsidiaries of 1.65 to 1.00 per the terms of the credit agreement. At March 31, 2018 and December 31, 2017 , the Company had no borrowings outstanding under the Revolving Credit Facility. Jefferson Revolving Credit Facility — On March 7, 2018, a subsidiary of the Company entered into a revolving credit facility (the “Jefferson Revolver”) with certain lenders. The Jefferson Revolver provides for revolving loans in the aggregate principal amount of up to $50,000 . The proceeds drawn on this facility will be used for working capital and general purposes. The Jefferson Revolver is secured by the capital stock of certain direct subsidiaries of the Company as defined in the related credit agreement. Borrowings outstanding under the Jefferson Revolver bear interest at the Base Rate (determined in accordance with the credit agreement) plus 1.50% per annum, or if the Company chooses to make Eurodollar Rate borrowings, at the Base Rate (determined in accordance with the credit agreement) plus 2.50% per annum. The Company will also be required to pay a quarterly commitment fee at a rate per annum equal to 0.50% on the average daily unused portion of the Jefferson Revolver, as well as customary letter of credit fees and agency fees. The Jefferson Revolver will mature, and commitments in respect to the Jefferson Revolver will terminate, on March 7, 2021. Any amount borrowed under the Jefferson Revolver may be voluntarily prepaid without penalty or premium, other than customary breakage costs related to prepayments of Eurodollar Rate borrowings. The Jefferson Revolver includes financial covenants requiring the maintenance of a maximum ratio of debt to total equity (before reduction for minority interests) for the Company and its subsidiaries of 1.65 to 1.00. At March 31, 2018 , the Company had $13,511 in borrowings outstanding under the Jefferson Revolver. The Company was in compliance with all debt covenants as of March 31, 2018 .

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2018
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, 2018 and December 31, 2017 , 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, 2018 March 31, 2018 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 80,916 $ 80,916 $ — $ — Market Restricted cash 25,823 25,823 — — Market Total $ 106,739 $ 106,739 $ — $ — Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2017 December 31, 2017 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 59,400 $ 59,400 $ — $ — Market Restricted cash 33,406 33,406 — — Market Total $ 92,806 $ 92,806 $ — $ — At March 31, 2018 and December 31, 2017 , 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. Except as discussed below, the Company’s financial instruments other than cash and cash equivalents and restricted cash 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. As of March 31, 2018 and December 31, 2017 , the Company recorded a derivative asset related to short-term forward crude contracts in other assets. The fair value of the short-term derivative asset was $398 and $1,022 at March 31, 2018 and December 31, 2017 , respectively, and was classified as Level 3 within the fair value hierarchy. The fair value of the Company’s bonds and notes payable reported as debt, net in the Consolidated Balance Sheet are presented in the table below: Fair Value as of March 31, 2018 December 31, 2017 Series 2012 Bonds (1) $ 44,670 $ 45,691 Series 2016 Bonds (1) $ 149,545 $ 150,329 Senior Notes (2) $ 449,316 $ 449,290 ______________________________________________________________________________________ (1) Fair value is based upon market prices for similar municipal securities (2) Carrying value approximates the market prices The fair value 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, 2018
Revenue Disclosure [Abstract]
REVENUES	REVENUES Components of revenue are as follows: Three Months Ended March 31, 2018 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Equipment leasing revenues Lease income $ 29,308 $ 2,249 $ — $ — $ — $ — $ 31,557 Maintenance revenue 23,427 — — — — — 23,427 Finance lease income — 367 — — — — 367 Other revenue — 408 25 — — — 433 Total equipment leasing revenues 52,735 3,024 25 — — — 55,784 Infrastructure revenues Lease income — — — — — 382 382 Rail revenues — — — — 11,047 — 11,047 Terminal services revenues — — — 1,253 — — 1,253 Other revenue — — — — — 378 378 Total infrastructure revenues — — — 1,253 11,047 760 13,060 Total revenues $ 52,735 $ 3,024 $ 25 $ 1,253 $ 11,047 $ 760 $ 68,844 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 Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors as of March 31, 2018 : Total 2018 $ 103,657 2019 89,129 2020 58,598 2021 37,443 2022 19,437 Thereafter 8,617 Total $ 316,881

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2018
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, 2018 , 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 related to its stock-based compensation arrangements: Three Months Ended March 31, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met Weighted Average Remaining Contractual Term, (in years) 2018 2017 Stock Options $ 9 $ — $ — 8.22 Restricted Shares 90 59 416 3.10 Common Units 109 28 485 1.45 Total $ 208 $ 87 $ 901 Stock Options In the three months ended March 31, 2018 , the Company granted equity-based compensation awards of 10,000 stock options to its two new independent directors ( 5,000 options each) pursuant to the Incentive Plan with a grant date fair value of $ 9 which immediately vested upon grant and expire after 10 years. The fair value of each option was estimated on the grant date using a Black-Scholes option valuation model using the following weighted average assumptions: Expected volatility The expected stock volatility is based on an assessment of the stock volatility of the Company’s publicly traded stock over the preceding 12-month period 19.3 % Risk free interest rate The risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant 2.7 % Expected dividend yield The expected dividend yield is based on management’s currently expected dividend rate 7.2 % Expected term Expected term used represents the period of time the options granted are expected to be outstanding 5 years

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The current and deferred components of the income tax provision included in the Consolidated Statements of Operations are as follows: Three Months Ended March 31, 2018 2017 Current: Federal $ 129 $ 121 State and local 19 53 Foreign 17 21 Total current provision 165 195 Deferred: Federal 288 4 State and local 42 — Foreign — 13 Total deferred provision 330 17 Total provision for income taxes $ 495 $ 212 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 21% 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 three month period ended March 31, 2018 , 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 2014. 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, 2018 . On December 22, 2017, legislation referred to as the “Tax Cuts and Jobs Act” (the “TCJA”) was signed into law. The TCJA significantly revises the U.S. corporate income tax regime by, among other things, lowering corporate income tax rates. The Company has accounted for the effects of the TCJA for the year ended December 31, 2017 which relates to the remeasurement of deferred tax assets and liabilities due to the reduction in the corporate income tax rate. Due to the significant portion of the Company’s income that is not subject to entity level tax and the presence of a significant valuation allowance, the effects of the TCJA have had a minimal impact on the income tax provision for the year ended December 31, 2017.

MANAGEMENT AGREEMENT AND AFFILI

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	3 Months Ended
	Mar. 31, 2018
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. 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. 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, 2018 and 2017 were $3,739 and $3,893 , 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, 2018 and 2017 . 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, 2018 and 2017 . 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, 2018 and 2017 , expense reimbursement of $2,181 and $2,204 was recorded in general and administrative expenses, respectively, and $1,604 and $1,150 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. The Manager was granted 700,000 options as part of the equity offering in the first quarter of 2018 as discussed in Note 15. As of March 31, 2018 and December 31, 2017 , no amounts were recorded as a receivable from the Manager. As of March 31, 2018 and December 31, 2017 , amounts due to the Manager or its affiliates of $1,155 and $2,073 , respectively, excluding accrued management fees, are included within accounts payable and accrued liabilities on the Consolidated Balance Sheets. As of March 31, 2018 and December 31, 2017 , amounts due to the Manager or its affiliates of $1,360 and $1,228 , 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, 2018 and December 31, 2017 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, 2018 and December 31, 2017 was $59,811 and $66,242 , respectively. For the three months ended March 31, 2018 and 2017 , the amount of this non-controlling interest share of net loss was $4,764 and $2,558 , 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 are amortized as interest expense to the earlier of the redemption date or February 13, 2020.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2018
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 Long Ridge, which is a 1,660 acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities. 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, 2018 Three Months Ended March 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 52,735 $ 3,024 $ 25 $ — $ — $ — $ — $ 55,784 Infrastructure revenues — — — 1,253 11,047 760 — 13,060 Total revenues 52,735 3,024 25 1,253 11,047 760 — 68,844 Expenses Operating expenses 3,433 2,368 — 11,959 7,438 2,381 — 27,579 General and administrative — — — — — — 3,586 3,586 Acquisition and transaction expenses 157 — — — — — 1,609 1,766 Management fees and incentive allocation to affiliate — — — — — — 3,739 3,739 Depreciation and amortization 21,813 1,602 — 4,790 573 809 — 29,587 Interest expense — 873 — 3,528 345 272 6,853 11,871 Total expenses 25,403 4,843 — 20,277 8,356 3,462 15,787 78,128 Other income (expense) Equity in (losses) earnings of unconsolidated entities (224 ) — 171 148 — — — 95 (Loss) gain on sale of equipment, net (20 ) — — — 15 — — (5 ) Interest income 73 3 — 100 — — — 176 Other income — — — 180 — — — 180 Total other (expense) income (171 ) 3 171 428 15 — — 446 Income (loss) before income taxes 27,161 (1,816 ) 196 (18,596 ) 2,706 (2,702 ) (15,787 ) (8,838 ) Provision for (benefit from) income taxes 483 3 (1 ) 11 — (1 ) — 495 Net income (loss) 26,678 (1,819 ) 197 (18,607 ) 2,706 (2,701 ) (15,787 ) (9,333 ) Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries (24 ) — — (8,949 ) 206 6 — (8,761 ) Net income (loss) attributable to shareholders $ 26,702 $ (1,819 ) $ 197 $ (9,658 ) $ 2,500 $ (2,707 ) $ (15,787 ) $ (572 ) The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders: Three Months Ended March 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 27,342 $ (1,816 ) $ 196 $ (8,723 ) $ 2,543 $ (2,645 ) $ (14,169 ) $ 2,728 Add: Non-controlling share of adjustments to Adjusted Net Income (198 ) Add: Equity in earnings of unconsolidated entities 95 Add: Cash payments for income taxes (9 ) Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (95 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (624 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (1,766 ) Less: Equity-based compensation expense (208 ) Less: Provision for income taxes (495 ) Net loss attributable to shareholders $ (572 ) 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, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Revenues Africa $ 1,385 $ — $ — $ — $ — $ — $ 1,385 Asia 9,209 2,658 25 — — — 11,892 Europe 34,918 — — — — — 34,918 North America 7,133 366 — 1,253 11,047 760 20,559 South America 90 — — — — — 90 Total $ 52,735 $ 3,024 $ 25 $ 1,253 $ 11,047 $ 760 $ 68,844 II. 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 (loss) on sale of equipment and finance leases, 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 (benefit from) for 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 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 $ 30,306 $ 1,057 $ 25 $ 4,866 $ 8,403 $ 16 $ 44,673 V. 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, 2018 and December 31, 2017 : March 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 1,002,582 $ 194,420 $ 4,624 $ 577,547 $ 53,126 $ 146,594 $ 68,933 $ 2,047,826 Debt, net — 52,084 — 198,869 17,150 — 442,535 710,638 Total liabilities 148,500 55,398 99 216,892 31,937 19,691 448,815 921,332 Non-controlling interests in equity of consolidated subsidiaries 3,013 — — 72,556 2,988 364 524 79,445 Total equity 854,082 139,022 4,525 360,655 21,189 126,903 (379,882 ) 1,126,494 Total liabilities and equity $ 1,002,582 $ 194,420 $ 4,624 $ 577,547 $ 53,126 $ 146,594 $ 68,933 $ 2,047,826 March 31, 2018 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 $ 48,371 $ — $ — $ — $ — $ — $ — $ 48,371 Asia 243,632 161,496 — — — — — 405,128 Europe 495,156 — — — — — 495,156 North America 127,136 — — 374,227 42,110 136,004 — 679,477 South America 12,413 — — — — — — 12,413 Total $ 926,708 $ 161,496 $ — $ 374,227 $ 42,110 $ 136,004 $ — $ 1,640,545 December 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 952,543 $ 195,101 $ 4,429 $ 579,329 $ 51,989 $ 123,693 $ 48,722 $ 1,955,806 Debt, net — 53,590 — 184,942 22,513 — 442,219 703,264 Total liabilities 145,882 56,853 100 210,159 36,560 14,229 456,948 920,731 Non-controlling interests in equity of consolidated subsidiaries 3,037 — — 81,414 2,737 295 524 88,007 Total equity 806,661 138,248 4,329 369,170 15,429 109,464 (408,226 ) 1,035,075 Total liabilities and equity $ 952,543 $ 195,101 $ 4,429 $ 579,329 $ 51,989 $ 123,693 $ 48,722 $ 1,955,806 December 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 $ 36,648 $ — $ — $ — $ — $ — $ — $ 36,648 Asia 210,152 163,072 — — — — — 373,224 Europe 527,166 — — — — — — 527,166 North America 96,525 — — 371,687 40,512 118,317 — 627,041 South America — — — — — — — — Total $ 870,491 $ 163,072 $ — $ 371,687 $ 40,512 $ 118,317 $ — $ 1,564,079

EARNINGS PER SHARE AND EQUITY

EARNINGS PER SHARE AND EQUITY	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE AND EQUITY	EARNINGS PER SHARE AND EQUITY Basic earnings (loss) per share (“EPS”) is calculated by dividing net income (loss) attributable to shareholders by the weighted average number of common shares outstanding. Diluted EPS is calculated by dividing net income (loss) attributable to shareholders by the weighted average number of common shares 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) 2018 2017 Net loss attributable to shareholders $ (572 ) $ (4,414 ) Weighted Average Shares Outstanding - Basic 81,534,454 75,762,283 Weighted Average Shares Outstanding - Diluted 81,534,454 75,762,283 Basic and Diluted EPS $ (0.01 ) $ (0.06 ) For the three months ended March 31, 2018 and 2017 , 47,189 and 2,149 shares, respectively, have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive. During the three months ended March 31, 2018 , the Company issued 7,000,000 common shares, par value $0.01 per share, representing limited liability interest in the Company, in connection with a public offering, at a price of $18.65 per share. The offering closed on January 16, 2018. Net proceeds received by the Company from the offering were $ 128,450 after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. To compensate the Manager for its successful efforts in raising capital for the Company, in connection with the offering, the Company granted options to the Manager related to 700,000 common shares at the public offering price which had a fair value of approximately $ 1,900 as of the grant date. The assumptions used in valuing the options were: a 2.52 % risk-free rate, a 5.45 % dividend yield, a 27.73 % volatility and a ten -year term. The Company intends to use the net proceeds from the offering for general corporate purposes, including the funding of future investments.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
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, a lessee did not fulfill their obligation under their charter arrangement, therefore the Company is pursuing rights afforded to the Company under the charter and the range of potential losses against the obligation is $0 to $3,334 . 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 conditions, not to exceed $15,000 . The Company will account for such amounts when and if such conditions are achieved. The Company has entered into an arrangement with the seller of Long Ridge, whereby the seller may receive additional payments contingent upon the achievement of certain conditions, not to exceed $5,000 . The Company will account for such amounts when and if such 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, 2018 2017 Rent expense $ 1,157 $ 1,241 As of March 31, 2018 , minimum future rental payments under operating and capital leases are as follows: 2018 $ 3,991 2019 5,079 2020 4,039 2021 2,739 2022 2,227 Thereafter 69,040 Total $ 87,115

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On April 12, 2018, the Company drew down on the Revolving Credit Facility for $ 25,000 which will bear interest at the 3-month LIBOR interest plus applicable margin per terms of the agreement. On May 3, 2018, 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, 2018 , payable on May 29, 2018 to the holders of record on May 17, 2018.

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
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 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.
Revenue Recognition	Revenue Recognition Effective January 1, 2018, the Company adopted FASB ASU No. 2014-09, “Revenue from Contracts with Customers” (Topic 606) and related updates. The standard’s core principle is that a Company will recognize revenue when it transfers promised goods or services to customers in an amount that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The adoption of this standard is applied using the modified retrospective approach. See below for a detailed description of revenue recognition by our two strategic business units, Equipment Leasing and Infrastructure. Lease contracts, within the scope of ASC 840, Leases , are specifically excluded from ASU 2014-09. Infrastructure revenues that do not qualify as leases or leases that are combined with other services are recognized as revenue only when the services have been performed or goods transferred and the Company expects to be entitled in exchange for the goods delivered or services performed in accordance with contractual obligations. See Note 11 for additional details regarding the disaggregation of our revenues by segment. The adoption of the standard did not have a material impact on our consolidated financial statements and related disclosures.
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, 2018 and 2017 , the Company had no revenue concentration over 10% of total revenue from any one customer. As of March 31, 2018 , accounts receivable from two customers in the Offshore Energy segment each represented 12% of total accounts receivable, net. As of December 31, 2017 , accounts receivable from two customers in the Offshore Segment represented 17% and 10% , respectively, 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 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 is 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 is 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. 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, 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 , ASU 2017-14, Income Statement-Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) and 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 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 has identified and evaluated relevant revenue contracts within the scope of the guidance. The Company adopted ASU 2014-09 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires (i) equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income, (ii) public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. ASU 2016-01 also eliminates the requirement for public business entities to disclose the 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 adopted ASU 2016-01 as of January 1, 2018 and the adoption of this guidance did not have any impact on the Company’s 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 adopted ASU 2016-15 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the presentation of the Company’s Statements of Cash Flows. 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 adopted ASU 2016-16 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the Company’s 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 adopted ASU 2016-18 as of January 1, 2018 and the adoption of this guidance included changes in restricted cash in the Company’s Statements of Cash Flows for all periods presented. 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 amends 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 adopted ASU 2017-05 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In May 2017, the FASB issued Accounting Standards Update No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09") , which provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. ASU 2017-09 is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years, and early adoption is permitted, including in an interim period. ASU 2017-09 is to be applied on a prospective basis to an award modified on or after the adoption date. The Company adopted ASU 2017-09 as of January 1, 2018 and the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Unadopted Accounting Pronouncements — 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 September 2017, the FASB issued ASU 2017-13, Revenue Recognition (Topic 605), Revenue from contracts from customers (Topic 606), Leases (Topic 840) and Leases (Topic 842) (“ASU 2017-13”), which adds SEC paragraphs to the new revenue and lease sections of the codification on the announcement of the SEC observer made at the July 2017 EITF meeting . 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 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.
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, 2018
Leases [Abstract]
Summary of Leasing Equipment	Leasing equipment, net is summarized as follows: March 31, 2018 December 31, 2017 Leasing equipment $ 1,292,473 $ 1,217,862 Less: accumulated depreciation (163,980 ) (143,732 ) Leasing equipment, net $ 1,128,493 $ 1,074,130
Schedule of Capital Leased Assets	Depreciation expense for leasing equipment is summarized as follows: Three Months Ended March 31, 2018 2017 Depreciation expense for leasing equipment $ 23,691 $ 13,173

FINANCE LEASES, NET (Tables)

FINANCE LEASES, NET (Tables)	3 Months Ended
	Mar. 31, 2018
Leases [Abstract]
Schedule of Capital Leases, Lessor Balance Sheet	Finance leases, net are summarized as follows: March 31, 2018 December 31, 2017 Finance leases $ 15,520 $ 16,015 Unearned revenue (6,405 ) (6,771 ) Finance leases, net $ 9,115 $ 9,244
Schedule of Future Minimum Lease Payments for Capital Leases	As of March 31, 2018 , future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows: Total 2018 $ 1,513 2019 2,008 2020 2,013 2021 2,008 2022 2,008 Thereafter 5,970 Total $ 15,520

PROPERTY, PLANT AND EQUIPMENT28

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 2017 Depreciation expense for property, plant and equipment $ 4,996 $ 3,304 Property, plant and equipment, net is summarized as follows: March 31, 2018 December 31, 2017 Land, site improvements and rights $ 74,268 $ 74,268 Construction in progress 86,844 100,420 Buildings and improvements 9,807 9,807 Terminal machinery and equipment 339,639 299,444 Track and track related assets 35,396 35,371 Railroad equipment 1,058 1,057 Railcars and locomotives 3,429 3,429 Computer hardware and software 3,490 3,105 Furniture and fixtures 544 544 Vehicles 1,480 1,480 555,955 528,925 Less: accumulated depreciation (45,595 ) (40,605 ) Spare parts 1,692 1,629 Property, plant and equipment, net $ 512,052 $ 489,949

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 December 31, 2017 Advanced Engine Repair JV Equity method 25% $ 13,500 $ 13,724 JGP Energy Partners LLC Equity method 50% 26,184 24,920 Intermodal Finance I, Ltd. Equity method 51% 4,018 3,894 Investments $ 43,702 $ 42,538 The table below presents summarized financial information for the Company’s equity method investments: Three Months Ended Income Statement March 31, 2018 March 31, 2017 Revenue $ 4,100 $ 1,621 Total Revenue 4,100 1,621 Expenses Total Expenses $ 4,454 $ 5,709 Net loss $ (354 ) $ (4,088 ) Company’s portion $ 95 $ (1,266 )

INTANGIBLE ASSETS AND LIABILI30

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 37,775 $ — $ — $ 37,775 Less: Accumulated amortization (22,645 ) — — (22,645 ) Acquired favorable lease intangibles, net 15,130 — — 15,130 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (12,714 ) (176 ) (12,890 ) Acquired customer relationships, net — 22,799 49 22,848 Total intangible assets, net $ 15,130 $ 22,799 $ 49 $ 37,978 Intangible liabilities Acquired unfavorable lease intangibles $ 2,732 $ — $ — $ 2,732 Less: Accumulated amortization (1,576 ) — — (1,576 ) Acquired unfavorable lease intangibles, net $ 1,156 $ — $ — $ 1,156 December 31, 2017 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 36,747 $ — $ — $ 36,747 Less: Accumulated amortization (20,452 ) — — (20,452 ) Acquired favorable lease intangibles, net 16,295 — — 16,295 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (11,825 ) (165 ) (11,990 ) Acquired customer relationships, net — 23,688 60 23,748 Total intangible assets, net $ 16,295 $ 23,688 $ 60 $ 40,043 Intangible liabilities Acquired unfavorable lease intangibles $ 2,732 $ — $ — $ 2,732 Less: Accumulated amortization (1,374 ) — — (1,374 ) Acquired unfavorable lease intangibles, net $ 1,358 $ — $ — $ 1,358
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, 2018 2017 Lease intangibles Equipment leasing revenues $ 1,992 $ 1,282 Customer relationships Depreciation and amortization 900 900 Total $ 2,892 $ 2,182
Schedule of Net Annual Amortization of Intangibles	As of March 31, 2018 , estimated net annual amortization of intangibles is as follows: Total 2018 $ 8,176 2019 7,733 2020 6,383 2021 5,003 2022 3,596 Thereafter 5,931 Total $ 36,822

DEBT, NET (Tables)

DEBT, NET (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Company’s debt, net is summarized as follows: March 31, 2018 December 31, 2017 Loans payable FTAI Pride Credit Agreement $ 52,431 $ 53,993 CMQR Credit Agreement 17,350 22,800 Revolving Credit Facility — — Jefferson Revolver 13,511 — Total loans payable 83,292 76,793 Bonds payable Series 2012 Bonds (1) 44,389 44,404 Series 2016 Bonds 144,200 144,200 Senior Notes (2) 449,316 449,290 Total bonds payable 637,905 637,894 Debt 721,197 714,687 Less: Debt issuance costs (10,559 ) (11,423 ) Total debt, net $ 710,638 $ 703,264 Total debt due within one year $ 7,795 $ 7,795 (1) Includes unamortized premium of $1,624 and $1,639 at March 31, 2018 and December 31, 2017 , respectively. (2) Includes unamortized discount of $6,177 and $6,506 at March 31, 2018 and December 31, 2017 , respectively and an unamortized premium of $5,493 and $5,796 at March 31, 2018 and December 31, 2017 , respectively.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 and December 31, 2017 , 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, 2018 March 31, 2018 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 80,916 $ 80,916 $ — $ — Market Restricted cash 25,823 25,823 — — Market Total $ 106,739 $ 106,739 $ — $ — Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2017 December 31, 2017 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 59,400 $ 59,400 $ — $ — Market Restricted cash 33,406 33,406 — — Market Total $ 92,806 $ 92,806 $ — $ —
Fair Value, by Balance Sheet Grouping	The fair value of the Company’s bonds and notes payable reported as debt, net in the Consolidated Balance Sheet are presented in the table below: Fair Value as of March 31, 2018 December 31, 2017 Series 2012 Bonds (1) $ 44,670 $ 45,691 Series 2016 Bonds (1) $ 149,545 $ 150,329 Senior Notes (2) $ 449,316 $ 449,290 ______________________________________________________________________________________ (1) Fair value is based upon market prices for similar municipal securities (2) Carrying value approximates the market prices

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue Disclosure [Abstract]
Reconciliation of Revenue from Segments to Consolidated	Components of revenue are as follows: Three Months Ended March 31, 2018 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Equipment leasing revenues Lease income $ 29,308 $ 2,249 $ — $ — $ — $ — $ 31,557 Maintenance revenue 23,427 — — — — — 23,427 Finance lease income — 367 — — — — 367 Other revenue — 408 25 — — — 433 Total equipment leasing revenues 52,735 3,024 25 — — — 55,784 Infrastructure revenues Lease income — — — — — 382 382 Rail revenues — — — — 11,047 — 11,047 Terminal services revenues — — — 1,253 — — 1,253 Other revenue — — — — — 378 378 Total infrastructure revenues — — — 1,253 11,047 760 13,060 Total revenues $ 52,735 $ 3,024 $ 25 $ 1,253 $ 11,047 $ 760 $ 68,844 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
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, 2018 : Total 2018 $ 103,657 2019 89,129 2020 58,598 2021 37,443 2022 19,437 Thereafter 8,617 Total $ 316,881 As of March 31, 2018 , minimum future rental payments under operating and capital leases are as follows: 2018 $ 3,991 2019 5,079 2020 4,039 2021 2,739 2022 2,227 Thereafter 69,040 Total $ 87,115

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-based Compensation Arrangements	The Consolidated Statements of Operations includes the following expense related to its stock-based compensation arrangements: Three Months Ended March 31, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met Weighted Average Remaining Contractual Term, (in years) 2018 2017 Stock Options $ 9 $ — $ — 8.22 Restricted Shares 90 59 416 3.10 Common Units 109 28 485 1.45 Total $ 208 $ 87 $ 901
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair value of each option was estimated on the grant date using a Black-Scholes option valuation model using the following weighted average assumptions: Expected volatility The expected stock volatility is based on an assessment of the stock volatility of the Company’s publicly traded stock over the preceding 12-month period 19.3 % Risk free interest rate The risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant 2.7 % Expected dividend yield The expected dividend yield is based on management’s currently expected dividend rate 7.2 % Expected term Expected term used represents the period of time the options granted are expected to be outstanding 5 years

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The current and deferred components of the income tax provision included in the Consolidated Statements of Operations are as follows: Three Months Ended March 31, 2018 2017 Current: Federal $ 129 $ 121 State and local 19 53 Foreign 17 21 Total current provision 165 195 Deferred: Federal 288 4 State and local 42 — Foreign — 13 Total deferred provision 330 17 Total provision for income taxes $ 495 $ 212

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables set forth certain information for each reportable segment of the Company: I. For the Three Months Ended March 31, 2018 Three Months Ended March 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 52,735 $ 3,024 $ 25 $ — $ — $ — $ — $ 55,784 Infrastructure revenues — — — 1,253 11,047 760 — 13,060 Total revenues 52,735 3,024 25 1,253 11,047 760 — 68,844 Expenses Operating expenses 3,433 2,368 — 11,959 7,438 2,381 — 27,579 General and administrative — — — — — — 3,586 3,586 Acquisition and transaction expenses 157 — — — — — 1,609 1,766 Management fees and incentive allocation to affiliate — — — — — — 3,739 3,739 Depreciation and amortization 21,813 1,602 — 4,790 573 809 — 29,587 Interest expense — 873 — 3,528 345 272 6,853 11,871 Total expenses 25,403 4,843 — 20,277 8,356 3,462 15,787 78,128 Other income (expense) Equity in (losses) earnings of unconsolidated entities (224 ) — 171 148 — — — 95 (Loss) gain on sale of equipment, net (20 ) — — — 15 — — (5 ) Interest income 73 3 — 100 — — — 176 Other income — — — 180 — — — 180 Total other (expense) income (171 ) 3 171 428 15 — — 446 Income (loss) before income taxes 27,161 (1,816 ) 196 (18,596 ) 2,706 (2,702 ) (15,787 ) (8,838 ) Provision for (benefit from) income taxes 483 3 (1 ) 11 — (1 ) — 495 Net income (loss) 26,678 (1,819 ) 197 (18,607 ) 2,706 (2,701 ) (15,787 ) (9,333 ) Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries (24 ) — — (8,949 ) 206 6 — (8,761 ) Net income (loss) attributable to shareholders $ 26,702 $ (1,819 ) $ 197 $ (9,658 ) $ 2,500 $ (2,707 ) $ (15,787 ) $ (572 ) II. 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 (loss) on sale of equipment and finance leases, 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 (benefit from) for 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 )
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, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 27,342 $ (1,816 ) $ 196 $ (8,723 ) $ 2,543 $ (2,645 ) $ (14,169 ) $ 2,728 Add: Non-controlling share of adjustments to Adjusted Net Income (198 ) Add: Equity in earnings of unconsolidated entities 95 Add: Cash payments for income taxes (9 ) Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities (95 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (624 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (1,766 ) Less: Equity-based compensation expense (208 ) Less: Provision for income taxes (495 ) Net loss attributable to shareholders $ (572 ) The following table sets forth a reconciliation of Adjusted Net 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 )
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, 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 $ 30,306 $ 1,057 $ 25 $ 4,866 $ 8,403 $ 16 $ 44,673 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, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Total Revenues Africa $ 1,385 $ — $ — $ — $ — $ — $ 1,385 Asia 9,209 2,658 25 — — — 11,892 Europe 34,918 — — — — — 34,918 North America 7,133 366 — 1,253 11,047 760 20,559 South America 90 — — — — — 90 Total $ 52,735 $ 3,024 $ 25 $ 1,253 $ 11,047 $ 760 $ 68,844
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	December 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 952,543 $ 195,101 $ 4,429 $ 579,329 $ 51,989 $ 123,693 $ 48,722 $ 1,955,806 Debt, net — 53,590 — 184,942 22,513 — 442,219 703,264 Total liabilities 145,882 56,853 100 210,159 36,560 14,229 456,948 920,731 Non-controlling interests in equity of consolidated subsidiaries 3,037 — — 81,414 2,737 295 524 88,007 Total equity 806,661 138,248 4,329 369,170 15,429 109,464 (408,226 ) 1,035,075 Total liabilities and equity $ 952,543 $ 195,101 $ 4,429 $ 579,329 $ 51,989 $ 123,693 $ 48,722 $ 1,955,806 December 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 $ 36,648 $ — $ — $ — $ — $ — $ — $ 36,648 Asia 210,152 163,072 — — — — — 373,224 Europe 527,166 — — — — — — 527,166 North America 96,525 — — 371,687 40,512 118,317 — 627,041 South America — — — — — — — — Total $ 870,491 $ 163,072 $ — $ 371,687 $ 40,512 $ 118,317 $ — $ 1,564,079 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, 2018 and December 31, 2017 : March 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 1,002,582 $ 194,420 $ 4,624 $ 577,547 $ 53,126 $ 146,594 $ 68,933 $ 2,047,826 Debt, net — 52,084 — 198,869 17,150 — 442,535 710,638 Total liabilities 148,500 55,398 99 216,892 31,937 19,691 448,815 921,332 Non-controlling interests in equity of consolidated subsidiaries 3,013 — — 72,556 2,988 364 524 79,445 Total equity 854,082 139,022 4,525 360,655 21,189 126,903 (379,882 ) 1,126,494 Total liabilities and equity $ 1,002,582 $ 194,420 $ 4,624 $ 577,547 $ 53,126 $ 146,594 $ 68,933 $ 2,047,826
Long-lived Assets by Geographic Areas	March 31, 2018 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 $ 48,371 $ — $ — $ — $ — $ — $ — $ 48,371 Asia 243,632 161,496 — — — — — 405,128 Europe 495,156 — — — — — 495,156 North America 127,136 — — 374,227 42,110 136,004 — 679,477 South America 12,413 — — — — — — 12,413 Total $ 926,708 $ 161,496 $ — $ 374,227 $ 42,110 $ 136,004 $ — $ 1,640,545 December 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 $ 36,648 $ — $ — $ — $ — $ — $ — $ 36,648 Asia 210,152 163,072 — — — — — 373,224 Europe 527,166 — — — — — — 527,166 North America 96,525 — — 371,687 40,512 118,317 — 627,041 South America — — — — — — — — Total $ 870,491 $ 163,072 $ — $ 371,687 $ 40,512 $ 118,317 $ — $ 1,564,079

EARNINGS PER SHARE AND EQUITY (

EARNINGS PER SHARE AND EQUITY (Tables)	3 Months Ended
	Mar. 31, 2018
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) 2018 2017 Net loss attributable to shareholders $ (572 ) $ (4,414 ) Weighted Average Shares Outstanding - Basic 81,534,454 75,762,283 Weighted Average Shares Outstanding - Diluted 81,534,454 75,762,283 Basic and Diluted EPS $ (0.01 ) $ (0.06 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 2017 Rent expense $ 1,157 $ 1,241
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, 2018 : Total 2018 $ 103,657 2019 89,129 2020 58,598 2021 37,443 2022 19,437 Thereafter 8,617 Total $ 316,881 As of March 31, 2018 , minimum future rental payments under operating and capital leases are as follows: 2018 $ 3,991 2019 5,079 2020 4,039 2021 2,739 2022 2,227 Thereafter 69,040 Total $ 87,115

ORGANIZATION (Details)

ORGANIZATION (Details)	3 Months Ended
	Mar. 31, 2018segment
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) $ / shares in Units, $ in Thousands	Jul. 01, 2016	Mar. 31, 2018USD ($)customer$ / shares	Mar. 31, 2017USD ($)$ / shares	Sep. 30, 2016USD ($)	Dec. 31, 2017USD ($)customer	Dec. 31, 2016	Jun. 16, 2017
Accounting Policies [Line Items]
Derivative Asset, Notional Amount		$ 398			$ 1,022
Inventory, Gross		4,892			8,877
Ownership of other party, percentage	10.00%
Restricted cash		25,823			33,406
Debt issuance cost		(10,559)			$ (11,423)
Deferred finance costs		511
Amortization of deferred financing costs		$ 1,151	$ 1,133
Concentration risk, number of customers | customer		2			2
Provision for doubtful accounts		$ 2,084			$ 983
Bad debt expense		1,441	31
Change in fair value of non-hedge derivative		$ 624	$ 0
Common stock dividends declared (in dollars per share) | $ / shares		$ 0.33	$ 0.33
Other Assets
Accounting Policies [Line Items]
Accounts and notes receivable, net		$ 3,367			2,623
Leasing equipment, purchase deposits		13,535			12,299
Capitalized costs, potential asset acquisitions		23,176			23,811
Prepaid expense		$ 4,291			$ 4,149
Customer Group Two | Customer Concentration Risk | Sales Revenue, Segment | Reportable Subsegments | Equipment Leasing | Operating Segments | Offshore Energy and Jefferson Terminal
Accounting Policies [Line Items]
Concentration risk percentage		0.00%	0.00%
Major Accounts Receivable Customer, Customer One | Customer Concentration Risk | Accounts Receivable
Accounting Policies [Line Items]
Concentration risk percentage		12.00%				17.00%
Major Accounts Receivable Customer, Customer Two | Customer Concentration Risk | Accounts Receivable
Accounting Policies [Line Items]
Concentration risk percentage						10.00%
Noncontrolling Party
Accounting Policies [Line Items]
Ownership of other party, percentage	8.00%
Variable Interest Entity, Primary Beneficiary | Delaware River Partners LLC
Accounting Policies [Line Items]
Ownership percentage	90.00%
Variable Interest Entity, Primary Beneficiary | Ohio River Partners
Accounting Policies [Line Items]
Ownership percentage							100.00%
JGP Energy Partners LLC
Accounting Policies [Line Items]
Interest held in VIE, as a percentage				50.00%
Ownership of other party, percentage				50.00%
Equity method investment contribution amount				$ 54,000
Ownership percentage		50.00%				50.00%
JGP Energy Partners LLC | FIG
Accounting Policies [Line Items]
Equity method investment contribution amount				$ 27,000

LEASING EQUIPMENT, NET (Details

LEASING EQUIPMENT, NET (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)aircraftaircraft_enginecommercial_jet_engine	Mar. 31, 2017USD ($)aircraftaircraft_engine	Dec. 31, 2017USD ($)
Leases [Abstract]
Leasing equipment	$ 1,292,473		$ 1,217,862
Less: accumulated depreciation	(163,980)		(143,732)
Leasing equipment, net	$ 1,128,493		$ 1,074,130
Number of aircraft acquired | aircraft	8	6
Commercial jet engines acquired | commercial_jet_engine	3
Number of aircraft sold | aircraft		1
Commercial engines sold | aircraft_engine	4	12
Depreciation expense for leasing equipment	$ 23,691	$ 13,173

FINANCE LEASES, NET - Summary (

FINANCE LEASES, NET - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Leases [Abstract]
Finance leases	$ 15,520	$ 16,015
Unearned revenue	(6,405)	(6,771)
Finance leases, net	$ 9,115	$ 9,244

PROPERTY, PLANT AND EQUIPMENT43

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 555,955	$ 528,925
Less: accumulated depreciation	(45,595)	(40,605)
Property, plant and equipment, net	512,052	489,949
Land, site improvements and rights
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	74,268	74,268
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	86,844	100,420
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	9,807	9,807
Terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	339,639	299,444
Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	35,396	35,371
Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,058	1,057
Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,429	3,429
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,490	3,105
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	544	544
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,480	1,480
Spare parts
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,692	$ 1,629

FINANCE LEASES, NET - Future Mi

FINANCE LEASES, NET - Future Minimum Payments Receivable (Details) $ in Thousands	Mar. 31, 2018USD ($)
Leases [Abstract]
2,018	$ 1,513
2,019	2,008
2,020	2,013
2,021	2,008
2,022	2,008
Thereafter	5,970
Total	$ 15,520

PROPERTY, PLANT AND EQUIPMENT45

PROPERTY, PLANT AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired	$ 27,131	$ 14,960
Railroad, Vehicles, Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Disposals of railroad equipment	$ 38	$ 52

PROPERTY, PLANT AND EQUIPMENT46

PROPERTY, PLANT AND EQUIPMENT, NET - Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation expense for property, plant and equipment	$ 4,996	$ 3,304

INVESTMENTS - Ownership Carryin

INVESTMENTS - Ownership Carrying Values (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 43,702	$ 42,538
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%		25.00%
Carrying Value	$ 13,500	13,724	$ 15,000
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%		50.00%
Carrying Value	$ 26,184	24,920
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	51.00%
Carrying Value	$ 4,018	$ 3,894

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) shipping_container in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)shipping_containercustomer	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Carrying value	$ 43,702		$ 42,538
Equity in earnings (losses) of unconsolidated entities	95	$ (1,266)
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Carrying value	$ 13,500		13,724	$ 15,000
Ownership percentage	25.00%			25.00%
Equity in earnings (losses) of unconsolidated entities	$ 224	736
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Carrying value	$ 26,184		24,920
Ownership percentage	50.00%			50.00%
Equity in earnings (losses) of unconsolidated entities	$ 148	(65)
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Carrying value	$ 4,018		$ 3,894
Ownership percentage	51.00%
Equity in earnings (losses) of unconsolidated entities	$ 171	$ (465)
Number of customers | customer	5
Containers | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Number of shipping containers | shipping_container	24
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	8
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%

(Equity Method Investments) (De

(Equity Method Investments) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Company’s portion	$ 95	$ (1,266)
Investments
Schedule of Equity Method Investments [Line Items]
Revenue			$ 4,100	$ 1,621
Total Expenses			4,454	5,709
Net loss			(354)	(4,088)
Company’s portion			$ 95	$ (1,266)

INTANGIBLE ASSETS AND LIABILI50

INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Intangible assets:
Total intangible assets, net	$ 37,978	$ 40,043
Intangible liabilities:
Acquired unfavorable lease intangibles	2,732	2,732
Less: Accumulated amortization	(1,576)	(1,374)
Acquired unfavorable lease intangibles, net	1,156	1,358
Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	37,775	36,747
Accumulated amortization	(22,645)	(20,452)
Total	15,130	16,295
Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,738	35,738
Accumulated amortization	(12,890)	(11,990)
Total	22,848	23,748
Reportable Subsegments | Operating Segments | Equipment Leasing | Aviation Leasing
Intangible assets:
Total intangible assets, net	15,130	16,295
Intangible liabilities:
Acquired unfavorable lease intangibles	2,732	2,732
Less: Accumulated amortization	(1,576)	(1,374)
Acquired unfavorable lease intangibles, net	1,156	1,358
Reportable Subsegments | Operating Segments | Equipment Leasing | Aviation Leasing | Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	37,775	36,747
Accumulated amortization	(22,645)	(20,452)
Total	15,130	16,295
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	22,799	23,688
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	(12,714)	(11,825)
Total	22,799	23,688
Reportable Subsegments | Operating Segments | Infrastructure | Railroad
Intangible assets:
Total intangible assets, net	49	60
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	(176)	(165)
Total	$ 49	$ 60

INTANGIBLE ASSETS AND LIABILI51

INTANGIBLE ASSETS AND LIABILITIES, NET - Intangible Liabilities Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Total	$ 2,892	$ 2,182
Equipment leasing revenues | Lease intangibles
Finite-Lived Intangible Assets [Line Items]
Lease intangibles	1,992	1,282
Depreciation and amortization | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Customer relationships	$ 900	$ 900

INTANGIBLE ASSETS AND LIABILI52

INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2018USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,018	$ 8,176
2,019	7,733
2,020	6,383
2,021	5,003
2,022	3,596
Thereafter	5,931
Total	$ 36,822

DEBT, NET - Schedule of Debt (D

DEBT, NET - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Debt, net	$ 710,638	$ 703,264
Long-term debt, gross	721,197	714,687
Less: Debt issuance costs	(10,559)	(11,423)
Total debt due within one year	7,795	7,795
Loans payable
Debt Instrument [Line Items]
Debt, net	83,292	76,793
Loans payable | FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Debt, net	52,431	53,993
Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Debt, net	17,350	22,800
Loans payable | Jefferson Revolver
Debt Instrument [Line Items]
Debt, net	13,511
Bonds payable
Debt Instrument [Line Items]
Debt, net	637,905	637,894
Bonds payable | Series 2012 Bonds
Debt Instrument [Line Items]
Debt, net	44,389	44,404
Unamortized premium	1,624	1,639
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	449,316	449,290
Unamortized premium	5,493	5,796
Unamortized discount	6,177	6,506
Revolving Credit Facility | Loans payable
Debt Instrument [Line Items]
Debt, net	$ 0	$ 0

DEBT, NET - Narrative (Details)

DEBT, NET - Narrative (Details)

Mar. 07, 2018USD ($)

Aug. 23, 2017USD ($)

Jun. 16, 2017USD ($)

Mar. 15, 2017USD ($)

Jan. 23, 2017USD ($)

Sep. 15, 2014USD ($)

Aug. 01, 2012USD ($)

Jun. 30, 2017USD ($)

Mar. 31, 2018USD ($)

Mar. 31, 2017USD ($)

Dec. 31, 2014

Dec. 31, 2017USD ($)

Dec. 20, 2017USD ($)

Mar. 07, 2016USD ($)

Aug. 27, 2014USD ($)

Debt Instrument [Line Items]

Gain (loss) on extinguishment of debt

$ 0

$ (2,456,000)

Stated percentage

2.75%

Extension period

1 year

Amortization of debt discount

$ 250,000

Ratio of indebtedness to net capital

3

Debt to equity ratio

1.65

Debt, net

$ 710,638,000

$ 703,264,000

Eurodollar

Debt Instrument [Line Items]

Stated percentage

3.75%

Jefferson Revolver | Eurodollar

Debt Instrument [Line Items]

Basis spread

2.50%

Loans payable

Debt Instrument [Line Items]

Debt, net

83,292,000

76,793,000

Loans payable | FTAI Pride Credit Agreement

Debt Instrument [Line Items]

Debt, net

52,431,000

53,993,000

Loans payable | CMQR Credit Agreement

Debt Instrument [Line Items]

Callable debt

29,000,000

Debt, net

17,350,000

22,800,000

Loans payable | Jefferson Revolver

Debt Instrument [Line Items]

Basis spread

1.50%

Line of credit, maximum borrowing capacity

$ 50,000,000

Quarterly commitment fee rate

0.50%

Debt to equity ratio

1.65

Debt, net

13,511,000

Bonds payable

Debt Instrument [Line Items]

Debt, net

637,905,000

637,894,000

Bonds payable | Series 2012 Bonds

Debt Instrument [Line Items]

Unamortized premium

1,624,000

1,639,000

Service coverage ratio

1.25

Debt, net

44,389,000

44,404,000

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

$ 100,000

$ 250,000,000

$ 100,000,000

$ 100,000,000

Stated percentage

6.75%

Unamortized premium

$ 5,493,000

$ 5,796,000

Redemption price, rate

102.75%

100.00%

Redemption price, rate, in three years

105.063%

Redemption amount available

40.00%

Redemption price, condition one

106.75%

103.25%

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

Evaluation period

12 months

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

Debt Instrument [Line Items]

Basis spread

4.50%

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

Debt Instrument [Line Items]

Debt instrument, face amount

$ 20,000,000

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

Debt Instrument [Line Items]

Debt instrument, face amount

$ 25,000,000

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

4.28%

3.95%

Jefferson Terminal | Bonds payable | Series 2012 Bonds

Debt Instrument [Line Items]

Tendered bonds

$ 48,554,000

Unamortized premium

$ 1,823,000

Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit, maximum borrowing capacity

$ 75,000,000

Quarterly commitment fee rate

0.50%

Long-term Line of Credit

$ 0

$ 0

Revolving Credit Facility | Eurodollar

Debt Instrument [Line Items]

Basis spread

2.00%

Revolving Credit Facility | Adjusted Eurodollar Rate

Debt Instrument [Line Items]

Basis spread

3.00%

Revolving Credit Facility | Loans payable

Debt Instrument [Line Items]

Debt, net

$ 0

$ 0

FTAI | Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit, maximum borrowing capacity

$ 25,000,000

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Total	$ 106,739	$ 92,806
Market
Assets
Cash and cash equivalents	80,916	59,400
Restricted cash	25,823	33,406
Level 1
Assets
Total	106,739	92,806
Level 1 | Market
Assets
Cash and cash equivalents	80,916	59,400
Restricted cash	25,823	33,406
Level 2
Assets
Total	0	0
Level 2 | Market
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Level 3
Assets
Total	0	0
Level 3 | Market
Assets
Cash and cash equivalents	0	0
Restricted cash	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 398	$ 1,022

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value by Balance Sheet Grouping) (Details) - Estimate of Fair Value Measurement - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Series 2012 Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	$ 44,670	$ 45,691
Series 2016 Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	149,545	150,329
Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	$ 449,316	$ 449,290

REVENUES - Components of Revenu

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Total revenues	$ 68,844	$ 44,673
Equipment Leasing
Revenues
Lease income	31,557	18,246
Maintenance revenue	23,427	12,669
Finance lease income	367	386
Other revenue	433	87
Total revenues	55,784	31,388
Infrastructure
Revenues
Lease income	382	16
Other revenue	378
Rail revenues	11,047	8,403
Terminal services revenues	1,253	4,866
Total revenues	13,060	13,285
Operating Segments | Reportable Subsegments | Aviation Leasing
Revenues
Total revenues	52,735	30,306
Operating Segments | Reportable Subsegments | Offshore Energy
Revenues
Total revenues	3,024	1,057
Operating Segments | Reportable Subsegments | Shipping Containers
Revenues
Total revenues	25	25
Operating Segments | Reportable Subsegments | Jefferson Terminal
Revenues
Total revenues	1,253	4,866
Operating Segments | Reportable Subsegments | Railroad
Revenues
Total revenues	11,047	8,403
Operating Segments | Reportable Subsegments | Ports and Terminals
Revenues
Total revenues	760	16
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Revenues
Lease income	29,308	17,635
Maintenance revenue	23,427	12,669
Finance lease income	0	0
Other revenue	0	2
Total revenues	52,735	30,306
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Revenues
Lease income	2,249	611
Maintenance revenue	0	0
Finance lease income	367	386
Other revenue	408	60
Total revenues	3,024	1,057
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Revenues
Lease income	0	0
Maintenance revenue	0	0
Finance lease income	0	0
Other revenue	25	25
Total revenues	25	25
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	1,253	4,866
Total revenues	1,253	4,866
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Revenues
Lease income	0	0
Rail revenues	11,047	8,403
Terminal services revenues	0	0
Total revenues	11,047	8,403
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Revenues
Lease income	382	16
Other revenue	378
Rail revenues	0	0
Terminal services revenues	0	0
Total revenues	$ 760	$ 16

REVENUES - Minimum Future Annua

REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Mar. 31, 2018USD ($)
Revenue Disclosure [Abstract]
2,018	$ 103,657
2,019	89,129
2,020	58,598
2,021	37,443
2,022	19,437
Thereafter	8,617
Total	$ 316,881

EQUITY-BASED COMPENSATION (Deta

EQUITY-BASED COMPENSATION (Details) - Incentive Plan	3 Months Ended
	Mar. 31, 2018director$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	30,000,000
Stock Options | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued in period	10,000
Number of Independent Directors | director	2
Grant date fair value of share issued | $ / shares	$ 9,000
Expiration period	10 years
Stock Options | Two Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued in period	5,000

EQUITY-BASED COMPENSATION - Exp

EQUITY-BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 208	$ 87
Remaining expense to be recognized, if all vesting conditions are met	901
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	9	0
Remaining expense to be recognized, if all vesting conditions are met	$ 0
Weighted Average Remaining Contractual Term (in years)	8 years 2 months 20 days
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 90	59
Remaining expense to be recognized, if all vesting conditions are met	$ 416
Weighted Average Remaining Contractual Term (in years)	3 years 1 month 6 days
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 109	$ 28
Remaining expense to be recognized, if all vesting conditions are met	$ 485
Weighted Average Remaining Contractual Term (in years)	1 year 5 months 12 days

EQUITY-BASED COMPENSATION - Sch

EQUITY-BASED COMPENSATION - Schedule of Assumptions (Details)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility	19.30%
Risk free interest rate	2.70%
Expected dividend yield	7.20%
Expected term	5 years

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Current:
Federal	$ 129	$ 121
State and local	19	53
Foreign	17	21
Total current provision	165	195
Deferred:
Federal	288	4
State and local	42	0
Foreign	0	13
Total deferred provision	330	17
Total provision for income taxes	$ 495	$ 212

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
U.S. federal tax at statutory rate	21.00%

MANAGEMENT AGREEMENT AND AFFI65

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($)	Jan. 16, 2018	May 31, 2015	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Ownership percentage by manager		0.05%
Management fees and incentive allocation to affiliate			$ 3,739,000	$ 3,893,000
Net income (loss) attributable to non-controlling interest			$ (8,761,000)	(4,798,000)
Jefferson Terminal
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage			20.00%		20.00%
Non-controlling interest by private equity fund			$ 59,811,000		$ 66,242,000
Net income (loss) attributable to non-controlling interest			$ 4,764,000	2,558,000
Manager | Management fees
Related Party Transaction [Line Items]
Management fee percentage rate			1.50%
Management fee payable			$ 1,155,000		2,073,000
Due from related party			0	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			3,739,000	3,893,000
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			2,181,000	2,204,000
General Partner | Acquisition and Transaction Expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			1,604,000	$ 1,150,000
Accounts Payable and Accrued Liabilities | Manager
Related Party Transaction [Line Items]
Amounts payable to vendor			$ 1,360,000		$ 1,228,000
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%
Public Offering
Related Party Transaction [Line Items]
Stocks issued during period for services (in shares)	700,000

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
	Mar. 31, 2018asegment
Segment Reporting Information [Line Items]
Number of reportable segments | segment	6
Repauno
Segment Reporting Information [Line Items]
Area of real estate	1,630
Hannibal
Segment Reporting Information [Line Items]
Area of real estate	1,660

SEGMENT INFORMATION - Statement

SEGMENT INFORMATION - Statement of Income by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Total revenues	$ 68,844	$ 44,673
Expenses
Operating expenses	27,579	21,013
General and administrative	3,586	3,835
Acquisition and transaction expenses	1,766	1,452
Management fees and incentive allocation to affiliate	3,739	3,893
Depreciation and amortization	29,587	17,377
Interest expense	11,871	4,694
Total expenses	78,128	52,264
Other income (expense)
Equity in earnings (losses) of unconsolidated entities	95	(1,266)
(Loss) gain on sale of equipment, net	(5)	2,018
Loss on extinguishment of debt	0	(2,456)
Interest income	176	283
Other income	180	12
Total other income (expense)	446	(1,409)
Loss before income taxes	(8,838)	(9,000)
Provision for income taxes	495	212
Net loss	(9,333)	(9,212)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(8,761)	(4,798)
Net loss attributable to shareholders	(572)	(4,414)
Equipment Leasing
Revenues
Total revenues	55,784	31,388
Infrastructure
Revenues
Total revenues	13,060	13,285
Operating Segments | Reportable Subsegments | Aviation Leasing
Revenues
Total revenues	52,735	30,306
Expenses
Operating expenses	3,433	1,419
General and administrative	0	0
Acquisition and transaction expenses	157	215
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	21,813	11,289
Interest expense	0	0
Total expenses	25,403	12,923
Other income (expense)
Equity in earnings (losses) of unconsolidated entities	(224)	(736)
(Loss) gain on sale of equipment, net	(20)	2,032
Loss on extinguishment of debt		0
Interest income	73	83
Other income	0	0
Total other income (expense)	(171)	1,379
Loss before income taxes	27,161	18,762
Provision for income taxes	483	193
Net loss	26,678	18,569
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(24)	(82)
Net loss attributable to shareholders	26,702	18,651
Operating Segments | Reportable Subsegments | Offshore Energy
Revenues
Total revenues	3,024	1,057
Expenses
Operating expenses	2,368	3,543
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	1,602	1,607
Interest expense	873	924
Total expenses	4,843	6,074
Other income (expense)
Equity in earnings (losses) of unconsolidated entities	0	0
(Loss) gain on sale of equipment, net	0	0
Loss on extinguishment of debt		0
Interest income	3	3
Other income	0	0
Total other income (expense)	3	3
Loss before income taxes	(1,816)	(5,014)
Provision for income taxes	3	2
Net loss	(1,819)	(5,016)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	(248)
Net loss attributable to shareholders	(1,819)	(4,768)
Operating Segments | Reportable Subsegments | Shipping Containers
Revenues
Total revenues	25	25
Expenses
Operating expenses	0	0
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	0
Total expenses	0	0
Other income (expense)
(Loss) gain on sale of equipment, net	0	0
Loss on extinguishment of debt		0
Interest income	0	0
Other income	0	0
Total other income (expense)	171	(465)
Loss before income taxes	196	(440)
Provision for income taxes	(1)	(25)
Net loss	197	(415)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0
Net loss attributable to shareholders	197	(415)
Operating Segments | Reportable Subsegments | Jefferson Terminal
Revenues
Total revenues	1,253	4,866
Expenses
Operating expenses	11,959	7,613
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	4,790	3,951
Interest expense	3,528	1,437
Total expenses	20,277	13,001
Other income (expense)
Equity in earnings (losses) of unconsolidated entities		(65)
(Loss) gain on sale of equipment, net	0	0
Loss on extinguishment of debt		0
Interest income	100	197
Other income	180	12
Total other income (expense)	428	144
Loss before income taxes	(18,596)	(7,991)
Provision for income taxes	11	39
Net loss	(18,607)	(8,030)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(8,949)	(4,358)
Net loss attributable to shareholders	(9,658)	(3,672)
Operating Segments | Reportable Subsegments | Railroad
Revenues
Total revenues	11,047	8,403
Expenses
Operating expenses	7,438	7,544
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	573	526
Interest expense	345	199
Total expenses	8,356	8,269
Other income (expense)
Equity in earnings (losses) of unconsolidated entities	0	0
(Loss) gain on sale of equipment, net	15	(14)
Loss on extinguishment of debt		0
Interest income	0	0
Other income	0	0
Total other income (expense)	15	(14)
Loss before income taxes	2,706	120
Provision for income taxes	0	0
Net loss	2,706	120
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	206	4
Net loss attributable to shareholders	2,500	116
Operating Segments | Reportable Subsegments | Ports and Terminals
Revenues
Total revenues	760	16
Expenses
Operating expenses	2,381	894
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	809	4
Interest expense	272	274
Total expenses	3,462	1,172
Other income (expense)
Equity in earnings (losses) of unconsolidated entities	0	0
(Loss) gain on sale of equipment, net	0	0
Loss on extinguishment of debt		0
Interest income	0	0
Other income	0	0
Total other income (expense)	0	0
Loss before income taxes	(2,702)	(1,156)
Provision for income taxes	(1)	3
Net loss	(2,701)	(1,159)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	6	(114)
Net loss attributable to shareholders	(2,707)	(1,045)
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Revenues
Total revenues	52,735	30,306
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Revenues
Total revenues	3,024	1,057
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Revenues
Total revenues	25	25
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	1,253	4,866
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Revenues
Total revenues	11,047	8,403
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Revenues
Total revenues	760	16
Corporate
Revenues
Total revenues	0	0
Expenses
Operating expenses	0	0
General and administrative	3,586	3,835
Acquisition and transaction expenses	1,609	1,237
Management fees and incentive allocation to affiliate	3,739	3,893
Depreciation and amortization	0	0
Interest expense	6,853	1,860
Total expenses	15,787	10,825
Other income (expense)
Equity in earnings (losses) of unconsolidated entities	0	0
(Loss) gain on sale of equipment, net	0	0
Loss on extinguishment of debt		(2,456)
Interest income	0	0
Other income	0	0
Total other income (expense)	0	(2,456)
Loss before income taxes	(15,787)	(13,281)
Provision for income taxes	0	0
Net loss	(15,787)	(13,281)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0
Net loss attributable to shareholders	(15,787)	(13,281)
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, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	$ 2,728	$ (249)
Add: Non-controlling share of adjustments to Adjusted Net Income	(198)	39
Equity in earnings (losses) of unconsolidated entities	95	(1,266)
Add: Cash payments for income taxes	(9)	3
Less: Incentive allocations	0	0
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities	(95)	1,266
Less: Asset impairment charges	0	0
Less: Changes in fair value of non-hedge derivative instruments	(624)	0
Less: Losses on the modification or extinguishment of debt and capital lease obligations	0	(2,456)
Less: Acquisition and transaction expenses	(1,766)	(1,452)
Less: Equity-based compensation expense	(208)	(87)
Less: Provision for income taxes	(495)	(212)
Net loss attributable to shareholders	(572)	(4,414)
Operating Segments | Reportable Subsegments | Aviation Leasing
Segment Reporting Information [Line Items]
Equity in earnings (losses) of unconsolidated entities	(224)	(736)
Less: Acquisition and transaction expenses	(157)	(215)
Less: Provision for income taxes	(483)	(193)
Net loss attributable to shareholders	26,702	18,651
Operating Segments | Reportable Subsegments | Offshore Energy
Segment Reporting Information [Line Items]
Equity in earnings (losses) of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	(3)	(2)
Net loss attributable to shareholders	(1,819)	(4,768)
Operating Segments | Reportable Subsegments | Shipping Containers
Segment Reporting Information [Line Items]
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	1	25
Net loss attributable to shareholders	197	(415)
Operating Segments | Reportable Subsegments | Jefferson Terminal
Segment Reporting Information [Line Items]
Equity in earnings (losses) of unconsolidated entities		(65)
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	(11)	(39)
Net loss attributable to shareholders	(9,658)	(3,672)
Operating Segments | Reportable Subsegments | Railroad
Segment Reporting Information [Line Items]
Equity in earnings (losses) of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	0	0
Net loss attributable to shareholders	2,500	116
Operating Segments | Reportable Subsegments | Ports and Terminals
Segment Reporting Information [Line Items]
Equity in earnings (losses) of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	1	(3)
Net loss attributable to shareholders	(2,707)	(1,045)
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	27,342	19,059
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(1,816)	(4,766)
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	196	(440)
Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(8,723)	(3,614)
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	2,543	142
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(2,645)	(1,042)
Corporate
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(14,169)	(9,588)
Equity in earnings (losses) of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	(1,609)	(1,237)
Less: Provision for income taxes	0	0
Net loss attributable to shareholders	$ (15,787)	$ (13,281)

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Geographic Sources of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Total revenues	$ 68,844	$ 44,673
Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	55,784	31,388
Infrastructure
Segment Reporting Information [Line Items]
Total revenues	13,060	13,285
Operating Segments | Reportable Subsegments | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	52,735	30,306
Operating Segments | Reportable Subsegments | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	3,024	1,057
Operating Segments | Reportable Subsegments | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	25	25
Operating Segments | Reportable Subsegments | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	1,253	4,866
Operating Segments | Reportable Subsegments | Railroad
Segment Reporting Information [Line Items]
Total revenues	11,047	8,403
Operating Segments | Reportable Subsegments | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	760	16
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	52,735	30,306
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	3,024	1,057
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	25	25
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	1,253	4,866
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total revenues	11,047	8,403
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	760	16
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	1,385	2,367
Africa | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	1,385	2,367
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	11,892	15,465
Asia | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	9,209	14,769
Asia | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	2,658	671
Asia | Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	25	25
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	34,918	11,470
Europe | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	34,918	11,470
Europe | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	0
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	20,559	15,076
North America | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	7,133	1,405
North America | Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	366	386
North America | Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0
North America | Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	1,253	4,866
North America | Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total revenues	11,047	8,403
North America | Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	760	16
South America
Segment Reporting Information [Line Items]
Total revenues	90	295
South America | Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	90	295
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, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total assets	$ 2,047,826	$ 1,955,806
Debt, net	710,638	703,264
Total liabilities	921,332	920,731
Equity
Non-controlling interest in equity of consolidated subsidiaries	79,445	88,007
Total equity	1,126,494	1,035,075
Total liabilities and equity	2,047,826	1,955,806
Operating Segments | Reportable Subsegments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total assets	1,002,582	952,543
Debt, net	0	0
Total liabilities	148,500	145,882
Equity
Non-controlling interest in equity of consolidated subsidiaries	3,013	3,037
Total equity	854,082	806,661
Total liabilities and equity	1,002,582	952,543
Operating Segments | Reportable Subsegments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total assets	194,420	195,101
Debt, net	52,084	53,590
Total liabilities	55,398	56,853
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	139,022	138,248
Total liabilities and equity	194,420	195,101
Operating Segments | Reportable Subsegments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total assets	4,624	4,429
Debt, net	0	0
Total liabilities	99	100
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	4,525	4,329
Total liabilities and equity	4,624	4,429
Operating Segments | Reportable Subsegments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total assets	577,547	579,329
Debt, net	198,869	184,942
Total liabilities	216,892	210,159
Equity
Non-controlling interest in equity of consolidated subsidiaries	72,556	81,414
Total equity	360,655	369,170
Total liabilities and equity	577,547	579,329
Operating Segments | Reportable Subsegments | Infrastructure | Railroad
Segment Reporting Information [Line Items]
Total assets	53,126	51,989
Debt, net	17,150	22,513
Total liabilities	31,937	36,560
Equity
Non-controlling interest in equity of consolidated subsidiaries	2,988	2,737
Total equity	21,189	15,429
Total liabilities and equity	53,126	51,989
Operating Segments | Reportable Subsegments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total assets	146,594	123,693
Debt, net	0	0
Total liabilities	19,691	14,229
Equity
Non-controlling interest in equity of consolidated subsidiaries	364	295
Total equity	126,903	109,464
Total liabilities and equity	146,594	123,693
Corporate
Segment Reporting Information [Line Items]
Total assets	68,933	48,722
Debt, net	442,535	442,219
Total liabilities	448,815	456,948
Equity
Non-controlling interest in equity of consolidated subsidiaries	524	524
Total equity	(379,882)	(408,226)
Total liabilities and equity	$ 68,933	$ 48,722

SEGMENT INFORMATION - Location

SEGMENT INFORMATION - Location of Long-Lived Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 1,128,493	$ 1,074,130
Property, plant and equipment and leasing equipment, net
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	1,640,545	1,564,079
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	926,708	870,491
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	161,496	163,072
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	374,227	371,687
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	42,110	40,512
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	136,004	118,317
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	48,371	36,648
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	48,371	36,648
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	405,128	373,224
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	243,632	210,152
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	161,496	163,072
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	495,156	527,166
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	495,156	527,166
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
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	679,477	627,041
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	127,136	96,525
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	374,227	371,687
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	42,110	40,512
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	136,004	118,317
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	12,413	0
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	12,413	0
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, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Net loss attributable to shareholders	$ (572)	$ (4,414)
Weighted Average Shares Outstanding - Basic (in shares)	81,534,454	75,762,283
Weighted Average Shares Outstanding - Diluted (in shares)	81,534,454	75,762,283
Basic and Diluted (usd per share)	$ (0.01)	$ (0.06)
Antidilutive shares excluded from the calculation of diluted EPS (in shares)	47,189	2,149

EARNINGS PER SHARE AND EQUITY73

EARNINGS PER SHARE AND EQUITY (Sale of Stock) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 16, 2018	Mar. 31, 2018	Dec. 31, 2017
Subsidiary, Sale of Stock [Line Items]
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Public Offering
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares)	7,000,000
Common stock, par value (in dollars per share)	$ 0.01
Price of share (usd per share)	$ 18.65
Consideration received on transaction	$ 128,450
Stocks issued during period for services (in shares)	700,000
Issuance of stock and warrants for services or claims	$ 1,900
Risk free interest rate	252.00%
Expected dividend rate	545.00%
Expected volatility rate	2773.00%
Expected term	10 years

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Loss Contingencies [Line Items]
Rent expense	$ 1,157,000	$ 1,241,000
Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	0
Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	3,334,000
Repauno
Loss Contingencies [Line Items]
Potential milestone payment	15,000,000
Hannibal
Loss Contingencies [Line Items]
Potential milestone payment	$ 5,000,000

COMMITMENTS AND CONTINGENCIES75

COMMITMENTS AND CONTINGENCIES - Minimum Future Rental Payments (Details) $ in Thousands	Mar. 31, 2018USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,018	$ 3,991
2,019	5,079
2,020	4,039
2,021	2,739
2,022	2,227
Thereafter	69,040
Total	$ 87,115

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	May 03, 2018	Mar. 31, 2018	Mar. 31, 2017	Apr. 12, 2018
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
Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Line of credit				$ 25,000