FTAI Aviation (FTAI) 10-K 28 Feb 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2018	Feb. 26, 2019	Jun. 30, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Fortress Transportation & Infrastructure Investors LLC
Entity Central Index Key	1,590,364
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,018
Amendment Flag	false
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		84,398,512
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 1.5
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 99,601	$ 59,400
Restricted cash	21,236	33,406
Accounts receivable, net	53,789	31,076
Leasing equipment, net	1,432,210	1,074,130
Finance leases, net	18,623	9,244
Property, plant, and equipment, net	708,853	489,949
Investments	40,560	42,538
Intangible assets, net	38,513	40,043
Goodwill	116,584	116,584
Other assets	108,809	59,436
Total assets	2,638,778	1,955,806
Liabilities
Accounts payable and accrued liabilities	112,188	68,226
Debt, net	1,237,347	703,264
Maintenance deposits	158,163	103,464
Security deposits	38,539	27,257
Other liabilities	38,759	18,520
Total liabilities	1,584,996	920,731
Commitments and contingencies
Equity
Common shares ($0.01 par value per share; 2,000,000,000 shares authorized; [ ] and 75,771,738 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively)	840	758
Additional paid in capital	1,029,376	985,009
Accumulated deficit	(32,817)	(38,699)
Accumulated other comprehensive income	0	0
Shareholders' equity	997,399	947,068
Non-controlling interest in equity of consolidated subsidiaries	56,383	88,007
Total equity	1,053,782	1,035,075
Total liabilities and equity	$ 2,638,778	$ 1,955,806

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	84,050,889	75,771,738
Common stock, shares outstanding (in shares)	84,050,889	75,771,738

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues
Total revenues	$ 379,878	$ 217,659	$ 148,720
Expenses
Operating expenses	167,514	92,385	66,169
General and administrative	17,126	14,570	12,314
Acquisition and transaction expenses	6,968	7,306	6,316
Management fees and incentive allocation to affiliate	15,726	15,732	16,742
Depreciation and amortization	136,354	88,110	60,210
Interest expense	57,854	38,827	18,957
Total expenses	401,542	256,930	180,708
Other income (expense)
Equity in (losses) earnings of unconsolidated entities	(1,008)	(1,601)	(5,992)
Gain on sale of assets, net	3,911	18,281	5,941
Loss on extinguishment of debt	0	(2,456)	(1,579)
Asset impairment	0	0	(7,450)
Interest income	488	688	136
Other income	3,941	3,073	602
Total other income (expense)	7,332	17,985	(8,342)
Loss before income taxes	(14,332)	(21,286)	(40,330)
Provision for income taxes	1,372	1,954	268
Net loss	(15,704)	(23,240)	(40,598)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(21,586)	(23,374)	(20,534)
Net income (loss) attributable to shareholders	$ 5,882	$ 134	$ (20,064)
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.07	$ 0	$ (0.26)
Diluted (in dollars per share)	$ 0.07	$ 0	$ (0.26)
Weighted Average Shares Outstanding:
Basic (in shares)	83,654,068	75,766,811	75,738,698
Diluted (in shares)	83,664,833	75,766,811	75,738,698
Equipment leasing revenues
Revenues
Total revenues	$ 253,039	$ 170,000	$ 101,949
Infrastructure revenues
Revenues
Total revenues	$ 126,839	47,659	46,771
Other income (expense)
Equity in (losses) earnings of unconsolidated entities		$ (321)	$ (18)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (15,704)	$ (23,240)	$ (40,598)
Cash Flow Hedge:
Change in fair value of cash flow hedge	0	0	(97)
Available-for-Sale Securities:
Unrealized gain in available-for-sale securities	0	4,276	7,130
Reclassification of gains included in net income	0	(11,406)	0
Total comprehensive income	(15,704)	(30,370)	(33,565)
Comprehensive loss attributable to non-controlling interest	(21,586)	(23,374)	(20,534)
Comprehensive loss attributable to shareholders	$ 5,882	$ (6,996)	$ (13,031)

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Non-Controlling Interest in Equity of Consolidated Subsidiaries
Beginning balance at Dec. 31, 2015	$ 1,290,686	$ 757	$ 1,184,198	$ (18,769)	$ 97	$ 124,403
Comprehensive income (loss):
Net income (loss) for the period	(40,598)			(20,064)		(20,534)
Other comprehensive income	7,033				7,033
Total comprehensive income	(33,565)			(20,064)	7,033	(20,534)
Capital contributions	12,121					12,121
Capital distributions	(200)					(200)
Issuance of common shares	337	1	336
Dividends declared	(100,027)		(99,977)			(50)
Equity-based compensation	(3,672)		200			(3,872)
Beginning balance at Dec. 31, 2016	1,165,680	758	1,084,757	(38,833)	7,130	111,868
Comprehensive income (loss):
Net income (loss) for the period	(23,240)			134		(23,374)
Other comprehensive income	(7,130)				(7,130)
Total comprehensive income	(30,370)			134	(7,130)	(23,374)
Capital contributions	1,296					1,296
Capital distributions	(254)					(254)
Transfer of non-controlling interest	(2,798)					(2,798)
Settlement of equity-based compensation	(74)					(74)
Issuance of common shares	310		310
Dividends declared	(100,058)		(100,058)
Equity-based compensation	1,343					1,343
Beginning balance at Dec. 31, 2017	1,035,075	758	985,009	(38,699)	0	88,007
Comprehensive income (loss):
Net income (loss) for the period	(15,704)			5,882		(21,586)
Total comprehensive income	(15,704)			5,882		(21,586)
Purchase of non-controlling interest	(3,705)		7,225			(10,930)
Issuance of common shares	147,799	82	147,717
Dividends declared			(110,584)
Equity-based compensation	901		9			892
Ending balance at Dec. 31, 2018	$ 1,053,782	$ 840	$ 1,029,376	$ (32,817)	$ 0	$ 56,383

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net loss	$ (15,704)	$ (23,240)	$ (40,598)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in losses (earnings) of unconsolidated entities	1,008	1,601	5,992
Gain on sale of assets, net	(3,911)	(18,281)	(5,941)
Security deposits and maintenance claims included in earnings	(6,323)	(60)	(300)
Loss on extinguishment of debt	0	2,456	1,579
Equity-based compensation	901	1,343	(3,672)
Depreciation and amortization	136,354	88,110	60,210
Gain on settlement of liabilities	0	(1,093)	0
Asset impairment	0	0	7,450
Change in current and deferred income taxes	649	227	(387)
Change in fair value of non-hedge derivative	(5,523)	(1,022)	3
Amortization of lease intangibles and incentives	26,659	8,306	5,447
Amortization of deferred financing costs	5,430	4,202	2,576
Operating distributions from unconsolidated entities	0	0	30
Bad debt expense	1,771	701	158
Other	(4)	732	86
Change in:
Accounts receivable	(23,340)	(12,001)	(7,980)
Other assets	(26,212)	6,475	(8,584)
Accounts payable and accrued liabilities	30,471	10,266	7,726
Management fees payable to affiliate	1,820	899	457
Other liabilities	9,651	(1,124)	6,651
Net cash provided by operating activities	133,697	68,497	30,903
Cash flows from investing activities:
Investment in notes receivable	(912)	0	(3,066)
Investment in unconsolidated entities and available for sale securities	(1,115)	(30,309)	(28,784)
Principal collections on finance leases	1,981	473	2,513
Acquisition of leasing equipment	(497,988)	(425,769)	(200,640)
Acquisition of property plant and equipment	(229,963)	(116,031)	(57,371)
Acquisition of lease intangibles	(11,396)	(10,149)	(4,527)
Purchase deposit for aircraft and aircraft engines	(10,150)	(12,299)	(13,681)
Proceeds from sale of finance leases	0	0	71,000
Proceeds from sale of leasing equipment	44,062	91,130	22,885
Proceeds from sale of available-for-sale securities	0	30,238	0
Proceeds from sale of property, plant and equipment	23	51	490
Proceeds from deposit on sale of leasing equipment	240	400	250
Return of deposit on sale of leasing equipment	(400)	0	(250)
Return of capital distributions from unconsolidated entities	2,085	0	432
Net cash used in investing activities	(703,533)	(472,265)	(210,749)
Cash flows from financing activities:
Proceeds from debt	750,980	567,191	152,140
Repayment and settlement of debt	(218,819)	(125,223)	(160,166)
Payment of other liabilities to non-controlling interest holder	0	0	(1,000)
Payment of deferred financing costs	(3,055)	(3,377)	(4,246)
Receipt of security deposits	9,264	7,290	3,815
Return of security deposits	(1,775)	(3,231)	(316)
Receipt of maintenance deposits	53,645	27,049	14,804
Release of maintenance deposits	(25,582)	(6,270)	(6,255)
Proceeds from issuance of common shares, net of underwriter's discount	148,318	0	0
Common shares issuance costs	(820)	0	0
Capital contributions from non-controlling interests	0	35	11,480
Capital distributions to non-controlling interests	0	(254)	0
Settlement of equity-based compensation	0	(74)	(200)
Purchase of non-controlling interest shares	(3,705)	0	0
Cash dividends	(110,584)	(100,058)	(100,027)
Net cash provided by (used in) financing activities	597,867	363,078	(89,971)
Net increase (decrease) in cash and cash equivalents and restricted cash	28,031	(40,690)	(269,817)
Cash and cash equivalents and restricted cash, beginning of period	92,806	133,496	403,313
Cash and cash equivalents and restricted cash, end of period	120,837	92,806	133,496
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest	43,636	25,068	13,150
Cash paid for taxes	721	1,726	654
Supplemental disclosure of non-cash investing and financing activities:
Proceeds from borrowings of debt	511	108,339	2,860
Repayment and settlement of debt	0	(102,352)	0
Acquisition of leasing equipment	(14,263)	(35,332)	(7,724)
Acquisition of property, plant and equipment	(17,587)	(37,281)	(12,184)
Financing of property, plant and equipment	0	0	5,321
Settled and assumed security deposits	3,793	3,312	758
Billed, assumed and settled maintenance deposits	24,518	37,292	6,350
Deferred financing costs	(4,500)	(8,802)	(2,884)
Non-cash contribution of non-controlling interest	0	1,261	641
Equity compensation to non-controlling interest	892	1,343	(3,872)
Change in fair value of cash flow hedge	0	0	(97)
Transfer of non-controlling interest	7,225	2,798	0
Issuance of common shares	$ 301	$ 0	$ 0

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Fortress Transportation and Infrastructure Investors LLC ("we", "us", "our" or 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 i) aviation equipment, ii) offshore energy equipment and iii) shipping containers. We also own and operate i) a short line railroad in North America, Central Maine and Québec Railway (“CMQR”), ii) a multi-modal crude oil and refined products terminal in Beaumont, Texas (“Jefferson Terminal”), iii) a deep-water port located along the Delaware River with an underground storage cavern and multiple industrial development opportunities (“Repauno”), and iv) a multi-modal terminal located along the Ohio River with multiple industrial development opportunities (“Long Ridge”). We have 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). At December 31, 2014, through their investment in us, the beneficial owners of the Partnership were Fortress Worldwide Transportation and Infrastructure Investors LP (the “Onshore Fund”), with an 89.97% interest and Fortress Worldwide Transportation and Infrastructure Offshore LP (the “Offshore Fund”) with a 9.98% interest; in addition, Fortress Worldwide Transportation and Infrastructure Master GP LLP (the “Master GP”) holds a 0.05% interest. The Master GP is owned by an affiliate of Fortress. The Onshore Fund and the Offshore Fund (collectively, the “Initial Shareholders”) are investment vehicles which are sponsored by Fortress. The general partner of the Onshore Fund and the Offshore Fund is an affiliate of Fortress. In May 2015, the remaining capital commitments of the investors of the Onshore Fund, Offshore Fund and Master GP were called. Through a series of transactions, the Master GP contributed its rights to previously undistributed incentive allocations pursuant to the partnership agreement in exchange for the limited partnership interests in the Onshore Fund and the Offshore Fund equal to the amount of any such undistributed incentive allocations and 53,502,873 common shares were issued to the Onshore Fund and Offshore Fund based on their relative interests in us.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 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 us and our subsidiaries. Principles of Consolidation —We consolidate all entities in which we have a controlling interest and in which we have control over significant operating decisions, as well as variable interest entities (“VIEs”) in which we are 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. We use the equity method of accounting for investments in entities in which we exercise significant influence but which do not meet the requirements for consolidation. Under the equity method, we record our proportionate share of the underlying net income (loss) of these entities. Variable Interest Entities —The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. WWTAI IES MT6015 Ltd We previously held an interest in WWTAI IES MT6015 Ltd. (“MT6015”), an entity formed in 2014 which had entered into a contract with a shipbuilder for the construction of an offshore multi service / inspection, maintenance and repair vessel (the “Vessel”) for a price of approximately $75 million. Our subsidiary and a third party each held a 50% interest in MT6015 and had equal representation on its board of directors. In connection with the initial capitalization of MT6015, another subsidiary of ours provided the third party partner with a $3.7 million loan which was utilized by the third party partner to fund its equity contribution to MT6015. In addition, the agreement provided us with disproportionate voting rights, in certain situations, as defined in the agreement. Accordingly, we determined that MT6015 is a VIE and that we were the primary beneficiary; accordingly, MT6015 had been presented on a consolidated basis in the accompanying financial statements. During 2016, we determined not to proceed with the purchase of the Vessel. The shipbuilder delivered a notice of termination of the shipbuilding contract to MT6015 in July 2016. Correspondingly, in the second quarter of 2016, we recorded an impairment in our MT6015 investment of $7.5 million. The shipbuilder has no further recourse to us. During 2017, we entered into a settlement arrangement whereby the holder of the non-controlling interest settled its $3.7 million loan due to us by transferring its interest in our subsidiary, and the note payable due to the holder of the non-controlling interest was extinguished. The settlement resulted in a net gain of $1.1 million recorded in other income. JGP Energy Partners LLC During the third quarter of 2016, we initiated activities in our 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 million (for a total of $54 million) 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. We concluded that we are not the primary beneficiary of JGP as the members share equally in the risks and rewards and decision making authority of the entity; therefore, we do not consolidate JGP and account for this investment in accordance with the equity method. As of December 31, 2018 and 2017, our investment in JGP was $25.5 million and $24.9 million, respectively, which is included in investments on our balance sheet. Refer to Note 6 for further details. Delaware River Partners LLC On July 1, 2016, through Delaware River Partners LLC (“DRP”), a consolidated subsidiary, we purchased the assets of Repauno, which consisted primarily of land, a storage cavern, and riparian rights for the acquired land, site improvements and rights. Currently there are no operational processes that could be applied to these assets that would result in outputs without significant green field development. We currently hold a 90% economic interest and a 100% voting interest in DRP. DRP is solely reliant on us to finance its activities and therefore is a VIE. We concluded that we are the primary beneficiary; and accordingly, DRP has been presented on a consolidated basis in the accompanying financial statements. We have the right to purchase an additional 8% economic interest from the non-controlling party prior to the fifth year anniversary of the acquisition of Repauno. At the time of the purchase, we concluded that 8% of the 10% interest held by the non-controlling party did not share in the risks or rewards of true equity; and, therefore upon acquisition $5.3 million was recorded in other liabilities on our Consolidated Balance Sheets. The remaining 2% economic non-controlling interest was valued at $0.6 million at the acquisition date. Ohio River Partners LLC On June 16, 2017, through Ohio River Partners Shareholders LLC (“ORP”), a consolidated subsidiary, we purchased the assets of Long Ridge which consisted primarily of land, buildings, railroad track, docks, water rights, site improvements and other rights. We purchased 100% of the interests in these assets. ORP is solely reliant on us to finance its activities and therefore is a VIE. We concluded that we are the primary beneficiary; accordingly, ORP has been presented on a consolidated basis in the accompanying financial statements. 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, we encounter 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 we operate which could adversely impact the pricing of our services 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 our leasing equipment or operating assets. Capital market risk is the risk that we are unable to obtain capital at reasonable rates to fund the growth of our business or to refinance existing debt facilities. Through our subsidiaries, we also conduct operations outside of the United States; such international operations are subject to the same risks as those associated with our 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. We do not have significant exposure to foreign currency risk as all of our leasing arrangements, terminal services revenue and the majority of freight rail revenue are denominated in U.S. dollars. Cash and Cash Equivalents —We consider all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents. Restricted Cash —Restricted cash consists of prepaid interest and principal pursuant to the requirements of certain of our debt agreements (Note 8), and funds set aside for qualifying constructions projects at Jefferson Terminal. Available-For-Sale Securities —We consider 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. Our 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. We realized a gain of $11.4 million on the sale of available-for-sale securities during the year ended December 31, 2017, recorded in Gain on sale of assets, net in our Consolidated Statements of Operations. We did not hold any available-for-sale securities as of December 31, 2018 or 2017. Inventory —Commodities inventory is carried at the lower of cost or net realizable value on our balance sheet. Commodities are removed from inventory based on the average cost at the time of sale. As of December 31, 2018 and 2017, we had commodities inventory of $10.4 million and $8.9 million, respectively. We record our inventory as a component of other assets on the accompanying Consolidated Balance Sheets. Property, Plant and Equipment, Leasing Equipment and Depreciation —Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over estimated useful lives, to estimated residual values which are summarized as follows: Asset Range of Estimated Useful Lives Residual Value Estimates Aircraft 25 years from date of manufacture Generally not to exceed 15% of manufacturer’s list price when new Aircraft engines 2 - 6 years, based on maintenance adjusted service life Sum of engine core salvage value plus the estimated fair value of life limited parts Offshore energy vessels 25 years from date of manufacture 20% of new build cost Railcars and locomotives 40 - 50 years from date of manufacture Scrap value at end of useful life Track and track related assets 15 - 50 years from date of manufacture Scrap value at end of useful life Buildings and site improvements 20 - 30 years Scrap value at end of useful life Railroad equipment 3 - 15 years from date of manufacture Scrap value at end of useful life Terminal machinery and equipment 15 - 25 years from date of manufacture Scrap value at end of useful life Vehicles 5 - 7 years from date of manufacture Scrap value at end of useful life Furniture and fixtures 3 - 6 years from date of purchase None Computer hardware and software 3 - 5 years from date of purchase None Major improvements and modifications incurred in connection with the acquisition of property, plant and equipment and leasing equipment that are required to get the asset ready for initial service are capitalized and depreciated over the remaining life of the asset. Costs of major additions and betterments are capitalized and depreciation commences once it is placed into service. Interest costs directly related to and incurred during the construction period of property, plant and equipment are capitalized. Significant spare parts are depreciated in conjunction with the underlying property, plant and equipment asset when placed in service. We review our depreciation policies on a regular basis to determine whether changes have taken place that would suggest that a change in our depreciation policies, useful lives of our equipment or the assigned residual values is warranted. For planned major maintenance or component overhaul activities for aviation equipment off lease, the cost of such major maintenance or component overhaul event is capitalized and depreciated on a straight-line basis over the period until the next maintenance or component overhaul event is required. Our offshore energy vessels are required to be drydocked periodically for recertifications or major repairs and maintenance that cannot be performed while the vessels are operating. Normal repairs and maintenance are expensed as incurred. We capitalize the costs associated with the drydockings and amortize them on a straight-line basis over the period between drydockings, usually between 30 and 60 months. In accounting for leasing equipment, we make estimates about the expected useful lives, residual values and the fair value of acquired in-place leases and acquired maintenance liabilities (for aviation equipment). In making these estimates, we rely upon observable market data for the same or similar types of equipment and, in the case of aviation equipment, our own estimates with respect to a lessee’s anticipated utilization of the aircraft or engine. When we acquire leasing equipment subject to an in-place lease, determining the fair value of the in-place lease requires us to make assumptions regarding the current fair values of leases for identical or similar equipment, in order to determine if the in-place lease is within a fair value range of current lease rates. If a lease is below or above the range of current lease rates, the resulting lease discount or premium is recognized as a lease intangible and amortized into lease income over the remaining term of the lease. In April 2018, through Ohio Gasco LLC, a consolidated subsidiary, we purchased a 40% working interest in approximately 21,000 acres of natural gas reserves located in southeastern Ohio. Our interest in this natural gas joint venture is consolidated on a proportionate basis in accordance with Accounting Standards Codification ("ASC") Topic 932 Extractive Activities – Oil and Gas. We follow the successful efforts method of accounting for costs incurred in oil and gas producing activities. Capitalized costs are amortized using the unit-of-production method based on total proved reserves. Capitalized Interest —The interest cost associated with major development, construction projects and tax exempt bonds is capitalized and included in the cost of the project. Interest capitalization ceases once a project is substantially complete or no longer undergoing construction activities to prepare it for its intended use. We capitalized interest of $10.7 million, $2.6 million and $2.7 million during the years ended December 31, 2018, 2017 and 2016, respectively. Repairs and Maintenance —Repair and maintenance costs that do not extend the lives of the assets are expensed as incurred. Repairs and maintenance expense of $8.7 million, $5.0 million and $3.7 million were recorded in operating expenses in the accompanying Consolidated Statements of Operations during the years ended December 31, 2018, 2017 and 2016, respectively. Impairment of Long-Lived Assets —We perform a recoverability assessment of each of our long-lived assets whenever events or changes in circumstances, or indicators, indicate that the carrying amount or net book value of an asset may not be recoverable. Indicators may include, but are not limited to, a significant lease restructuring or early lease termination; significant traffic decline; or the introduction of newer technology aircraft, vessels, engines or railcars. When performing a recoverability assessment, we measure whether the estimated future undiscounted net cash flows expected to be generated by the asset exceeds its net book value. The undiscounted cash flows consist of cash flows from currently contracted leases and terminal services contracts, future projected leases, terminal service and freight rail rates, transition costs, estimated down time and estimated residual or scrap values. In the event that an asset does not meet the recoverability test, the carrying value of the asset will be adjusted to fair value resulting in an impairment charge. Management develops the assumptions used in the recoverability analysis based on its knowledge of active contracts, current and future expectations of the global demand for a particular asset and historical experience in the leasing markets, as well as information received from third party industry sources. The factors considered in estimating the undiscounted cash flows are impacted by changes in future periods due to changes in contracted lease rates, terminal service, and freight rail rates, residual values, economic conditions, technology, demand for a particular asset type and other factors. Security Deposits —Our operating leases generally require the lessee to pay a security deposit or provide a letter of credit. Security deposits are held until specified return dates stipulated in the lease or lease expiration. Maintenance Payments —Typically, under an operating lease of aircraft, the lessee is responsible for performing all maintenance and is generally required to make maintenance payments to us for heavy maintenance, overhaul or replacement of certain high-value components of the aircraft or engine. These maintenance payments are based on hours or cycles of utilization or on calendar time, depending on the component, and are generally required to be made monthly in arrears. If a lessee is making monthly maintenance payments, we would typically be obligated to reimburse the lessee for costs they incur for heavy maintenance, overhaul or replacement of certain high-value components to the extent of maintenance payments received in respect of the specific maintenance event, usually shortly following the completion of the relevant work. We record the portion of maintenance payments paid by the lessee that are expected to be reimbursed as maintenance deposit liabilities on the Consolidated Balance Sheet. Reimbursements made to the lessee upon the receipt of evidence of qualifying maintenance work are recorded against the maintenance deposit liability. In certain acquired leases, we or the lessee may be obligated to make a payment to the other party at lease termination based on redelivery conditions stipulated at the inception of the lease. When the lessee is required to return the aircraft in an improved maintenance condition, we record a maintenance right asset, as a component of other assets, for the estimated value of the end-of-life maintenance payment at acquisition. We recognize payments received as end-of-lease compensation adjustments, within lease revenue or as a reduction to the maintenance right asset, when payment is received or collectability is assured. In the event we are required to make payments at the end of the lease for redelivery conditions, amounts are accrued as additional maintenance liability and expensed when we are obligated and can reasonably estimate such payment. Lease Incentives and Amortization —Lease incentives, which include lease acquisition costs related to reconfiguration of the aircraft cabin, other lessee specific modifications and other direct costs, are capitalized and amortized as a reduction of lease income over the primary term of the lease, assuming no lease renewals. Goodwill —Goodwill includes the excess of the purchase price over the fair value of the net tangible and intangible assets associated with the acquisitions of CMQR and Jefferson Terminal. The carrying amount of goodwill is approximately $116.6 million as of both December 31, 2018 and 2017. We review the carrying values of goodwill at least annually to assess impairment since these assets are not amortized. An annual impairment review is conducted as of October 1st of each year. Additionally, we review the carrying value of goodwill whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The determination of fair value involves significant management judgment. For an annual goodwill impairment assessment, an optional qualitative analysis may be performed. If the option is not elected or if it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step goodwill impairment test is performed to identify potential goodwill impairment and measure an impairment loss. A qualitative analysis was not elected for the years ended December 31, 2018 or 2017. The first step of an impairment assessment compares the fair value of a respective reporting unit with its carrying amount, including goodwill. The estimate of fair value of the respective reporting unit is based on the best information available as of the date of assessment, which primarily incorporates certain factors including our assumptions about operating results, business plans, income projections, anticipated future cash flows and market data. If the estimated fair value of the reporting unit is less than the carrying amount, a second step must be completed in order to determine the amount of goodwill impairment that should be recorded, if any. In performing the annual analysis, our two reporting units subject to the test are the Jefferson Terminal and Railroad reporting units. We estimate the fair value of the reporting units using an income approach, specifically a discounted cash flow analysis. This analysis requires us to make significant assumptions and estimates about the extent and timing of future cash flows, discount rates and growth rates. The estimates and assumptions used consider historical performance if indicative of future performance, and are consistent with the assumptions used in determining future profit plans for the reporting units. We also utilize market valuation models and other financial ratios, which require us to make certain assumptions and estimates regarding the applicability of those models to our assets and businesses. Although we believe the estimates of fair value are reasonable, the determination of certain valuation inputs is subject to management’s judgment. Changes in these inputs, including as a result of events beyond our control, could materially affect the results of the impairment review. If the forecasted cash flows of the Jefferson Terminal and Railroad reporting units or other key inputs are negatively revised in the future, the estimated fair value of the Jefferson Terminal and Railroad reporting units could be adversely impacted, potentially leading to an impairment in the future that could materially affect our operating results. Specifically, as it relates to the Jefferson Terminal segment, forecasted revenue is dependent on the ramp up of volumes under current contracts and the acquisition of additional storage contracts for the heavy and light crude and refined products during 2019 subject to obtaining rail capacity for crude, permits for pipeline and movements in future oil spreads. Jefferson Terminal was designed to reach a storage capacity of 21.7 million barrels, and 2.1 million of storage, or approximately 10% of capacity, is currently operational. If our strategy changes from planned capacity downward due to an inability to source contracts or expand volumes, the fair value of the reporting units would be negatively affected, which could lead to an impairment. The expansion of refineries in the Beaumont/Port Arthur area, as well as growing crude oil production in the U.S. and Canada, are expected to result in increased demand for storage on the U.S. Gulf Coast. Other assumptions utilized in our annual impairment analysis that are significant in determination of the fair value of the reporting unit include the discount rate utilized in our discounted cash flow analysis of 14% and our terminal growth rate of 3%. Furthermore, development of both inbound and outbound pipelines to and from the Jefferson Terminal over the next two to three years will affect our forecasted growth and therefore our estimated fair value. We continue to expect the Jefferson Terminal segment to generate positive Adjusted EBITDA during 2019. Although certain of our anticipated contracts or expected volumes from existing contracts for Jefferson Terminal have been delayed, we continue to believe our projected revenues are achievable and have not yet modified those projections based on ongoing negotiations with our customers and discussions with major pipeline companies. Further delays in executing these contracts or achieving our projections could adversely affect the fair value of the reporting unit. However, due to strengthening macroeconomic conditions such as increased oil prices and projected increasing spreads between Western Canadian Crude and Western Texas Intermediate, we remain positive for the outlook of Jefferson Terminal’s earnings potential. For the years ended December 31, 2018, 2017, and 2016 there was no impairment of goodwill. Intangibles and amortization —Intangibles include the value of acquired favorable and unfavorable leases and existing customer relationships acquired in connection with the acquisitions of CMQR and Jefferson Terminal. In accounting for acquired leasing equipment, we make estimates about the fair value of the acquired leases. In determining the fair value of these leases, we make assumptions regarding the current fair values of leases for identical or similar equipment in order to determine if the acquired lease is within a fair value range of current lease rates. If a lease is below or above the range of current lease rates, the resulting lease discount or premium is recognized as a lease intangible and amortized into rental income over the remaining term of the lease. Acquired lease intangibles are amortized on a straight-line basis over the remaining lease terms, which collectively had a weighted-average remaining amortization period of approximately 33 months as of December 31, 2018, and are recorded as a component of equipment leasing revenues in the accompanying Consolidated Statements of Operations. Customer relationship intangible assets are amortized on a straight-line basis over their useful lives as the pattern in which the asset’s economic benefits are consumed cannot reliably be determined. Customer relationship intangible assets have useful lives ranging from 5 to 10 years, no estimated residual value, and amortization is recorded as a component of depreciation and amortization in the accompanying Consolidated Statements of Operations. The weighted-average remaining amortization period was approximately 68 months as of December 31, 2018. 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 $14.5 million and $11.4 million as of December 31, 2018 and December 31, 2017, respectively, are recorded as a component of debt in the accompanying Consolidated Balance Sheets. Amortization expense of $5.4 million, $4.2 million and $2.6 million for the years ended December 31, 2018, 2017 and 2016, respectively, are included as a component of interest expense in the accompanying Consolidated Statements of Operations. Revenue Recognition Effective January 1, 2018, we adopted FASB ASU No. 2014-09, Revenue from Contracts with Customers (“ASC 606”) using the modified retrospective approach. ASC 606 requires revenue to be recognized when we transfer promised services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those services. The adoption of the standard did not have a material impact on our consolidated financial statements. 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 (“ASC 840”) are specifically excluded from ASC 606, and lease contracts entered into by Equipment Leasing and Infrastructure are accounted for under ASC 840. However, Infrastructure revenues that do not qualify as leases or service arrangements embedded in lease contracts are accounted for under ASC 606. Payment terms are short term in nature and do not extend beyond one year. See Note 10 for additional details regarding the disaggregation of our revenues by segment. Equipment Leasing Revenues Operating Leases — We lease 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. Generally, under our aircraft lease and engine agreements, the lessee is required to make periodic maintenance payments calculated based on the lessee’s utilization of the leased asset. Typically, under our aircraft lease agreements, the lessee is responsible for maintenance, repairs and other operating expenses throughout the term of the lease. These periodic maintenance payments accumulate over the term of the lease to fund major maintenance events, and we are contractually obligated to return maintenance payments to the lessee up to the amount paid by the lessee. In the event the total cost of maintenance events over the term of a lease is less than the cumulative maintenance payments, we are not required to return any unused or excess maintenance payments to the lessee. Maintenance payments received for which we expect to repay to the lessee are presented as Maintenance Deposits in our Consolidated Balance Sheets. All excess maintenance payments received that we do not expect to repay to the lessee are recorded as Maintenance revenues. Finance Leases —From time to time we enter into finance lease arrangements that include a lessee obligation to purchase the leased equipment at the end of the lease term, include 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 generally consist of the following performance obligations: freight movement, demurrage, unloading and switching. Freight movement revenues are recognized proportionally based on distance as freight is transported from origin to destination. Accordingly, freight movement revenue is recognized over time with progress measured based on distance transpired, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Demurrage, unloading and switching are recognized in other miscellaneous rail revenues, for which demurrage progress is measured over time, and unloading and switching revenues are measured at a point in time as the service is rendered. Terminal Services Revenues —Terminal services are provided to customers for the receipt and redelivery of various commodities. These revenues are recognized over time, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Lease Income —Lease income consists of rental income from tenants for storage space. Lease income is recognized on a straight-line basis over the terms of the relevant lease agreement. Other Revenue —Other revenue primarily consists of marketing revenue related to Canadian crude oil. Other revenue consists of two performance obligations: handling and storage of raw materials. The revenues are recognized over time, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Payment terms for Infrastructure Revenues are generally short term in nature. Concentration of Credit Risk —We are subject to concentration

LEASING EQUIPMENT

LEASING EQUIPMENT	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
LEASING EQUIPMENT, NET	LEASING EQUIPMENT, NET Leasing equipment, net is summarized as follows: December 31, 2018 2017 Leasing equipment $ 1,672,156 $ 1,217,862 Less: Accumulated depreciation (239,946) (143,732) Leasing equipment, net $ 1,432,210 $ 1,074,130 During the year ended December 31, 2018, we acquired 29 aircraft and 34 commercial engines, and sold one aircraft and 13 commercial engines. During the year ended December 31, 2017, we acquired 25 aircraft and 58 commercial engines, and sold three aircraft and 14 commercial engines. We recognized gains of $3.9 million, $7.2 million and $5.2 million related to the sale of these assets in the years ended December 31, 2018, 2017 and 2016, respectively, which were recorded in Gain on sale of assets, net in our Consolidated Statements of Operations. Depreciation expense for leasing equipment is summarized as follows: Year Ended December 31, 2018 2017 2016 Depreciation expense for leasing equipment $ 110,012 $ 69,331 $ 43,886

FINANCE LEASES, NET

FINANCE LEASES, NET	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
FINANCE LEASES, NET	FINANCE LEASES, NET Finance leases, net are summarized as follows: December 31, 2018 2017 Finance leases $ 28,476 $ 16,015 Unearned revenue (9,853) (6,771) Finance leases, net $ 18,623 $ 9,244 During the first quarter of 2016, we completed the sale of approximately 42,000 shipping containers that were subject to direct finance leases for a modest gain. As of December 31, 2018, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows: 2019 $ 8,231 2020 10,257 2021 2,008 2022 2,008 2023 5,972 Thereafter — Total $ 28,476

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 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: December 31, 2018 2017 Land, site improvements and rights $ 75,028 $ 74,268 Construction in progress (1) 253,239 100,420 Buildings and improvements 14,514 9,807 Terminal machinery and equipment 349,227 299,444 Proved oil and gas properties 20,099 — Track and track related assets 42,349 35,371 Railroad equipment 5,383 1,057 Railcars and locomotives 4,513 3,429 Computer hardware and software 3,806 3,105 Furniture and fixtures 572 544 Vehicles 1,636 1,480 770,366 528,925 Less: Accumulated depreciation (63,032) (40,605) Spare parts 1,519 1,629 Property, plant and equipment, net $ 708,853 $ 489,949 ______________________________________________________________________________________ (1) Includes unproved oil and gas properties of $59,930. During the years ended December 31, 2018 and 2017, additional property, plant and equipment of $241.3 million and $152.3 million were acquired, respectively, primarily consisting of the purchase of construction in progress, terminal machinery and equipment, and oil and gas properties. On June 16, 2017, we purchased the assets of Long Ridge for $30.0 million through one of our consolidated subsidiaries. The assets acquired consisted primarily of land, buildings, railroad track, docks, water rights, site improvements and other rights. As part of the transaction, additional amounts of $2.3 million were capitalized for costs directly related to the purchase, including costs for legal advice, exploratory diligence, and regulatory permitting. Long Ridge is part of the Ports and Terminals segment as of December 31, 2018. Depreciation expense for property, plant and equipment is summarized as follows: Year Ended December 31, 2018 2017 2016 Depreciation expense for property, plant and equipment $ 22,744 $ 15,181 $ 12,726

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS The following table presents the ownership interests and carrying values of our investments: Carrying Value Investment Ownership Percentage December 31, 2018 December 31, 2017 Advanced Engine Repair JV Equity method 25% $ 12,981 $ 13,724 JGP Energy Partners LLC Equity method 50% 25,461 24,920 Intermodal Finance I, Ltd. Equity method 51% 2,118 3,894 $ 40,560 $ 42,538 We did not recognize any other-than-temporary impairments for the year ended December 31, 2018. Equity Method Investments Advanced Engine Repair JV In December 2016, we invested $15.0 million for a 25% interest in an advanced engine repair joint venture. We focus on developing new costs savings programs for engine repairs. We exercise significant influence over this investment and account for this investment as an equity method investment. Our proportionate share of equity in losses was $0.7 million, $1.3 million and $0.0 million for the years ended December 31, 2018, 2017 and 2016, respectively. JGP In 2016, we 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. We concluded that we are not the primary beneficiary of JGP as the members share equally in the risks and rewards and decision making authority of the entity; therefore, we do not consolidate JGP and instead account for this investment in accordance with the equity method. Our proportionate share of equity in losses was $0.6 million, $0.3 million and $0.0 million for the years ended December 31, 2018, 2017 and 2016, respectively. The tables below presents summarized financial information for our equity method investments, excluding Intermodal Finance I, Ltd: Balance Sheet December 31, 2018 December 31, 2017 Assets Cash and cash equivalents $ 7,870 $ 9,904 Prepaid expenses 433 1,181 Accounts receivable 905 1,282 Intangible asset 45,000 45,000 Property, plant and equipment 50,402 50,042 Total assets $ 104,610 $ 107,409 Liabilities Accounts payable and accrued liabilities $ 2,255 $ 2,736 Total liabilities 2,255 2,736 Equity Shareholders’ equity 112,326 110,520 Retained loss (9,971) (5,847) Total equity 102,355 104,673 Total liabilities and equity $ 104,610 $ 107,409 Year Ended December 31, Income Statement 2018 2017 2016 Revenue $ 8,209 $ 1,220 $ — Total Revenue 8,209 1,220 — Expenses Research and development cost 2,134 4,073 — Operating expense 6,945 1,291 37 General and administrative expenses 1,255 1,328 — Depreciation and amortization 2,105 336 — Total Expenses 12,439 7,028 37 Loss before income taxes (4,230) (5,808) (37) Provision for income taxes — — — Net loss $ (4,230) $ (5,808) $ (37) Company’s share of loss $ (1,317) $ (1,228) $ (16) Intermodal Finance I, Ltd. In 2012, we 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, we do not have unilateral rights over this investment; therefore, we do not consolidate Intermodal but account for this investment in accordance with the equity method. We do not have a variable interest in this investment as none of the criteria of ASC 810-10-15-14 were met. As of December 31, 2018, Intermodal owns a portfolio of multiple finance leases, representing two customers and comprising approximately 3,000 shipping containers, as well as a portfolio of approximately 5,000 shipping containers subject to multiple operating leases. During the year ended December 31, 2016, Intermodal recorded an asset impairment charge of $6.0 million, which resulted from certain operating leases not being renewed and containers being returned at a faster pace than expected. Our proportionate share of the impairment charge was $3.1 million based on our 51% ownership percentage. Intermodal didn't have any impairment charges during the years ended December 31, 2018 and 2017. Our proportionate share of equity in earnings (losses) was $0.3 million, $(0.2) million, $(6.0) million for the years ended December 31, 2018, 2017, and 2016, respectively.

INTANGIBLE ASSETS AND LIABILITI

INTANGIBLE ASSETS AND LIABILITIES, NET	12 Months Ended
	Dec. 31, 2018
Intangible Assets and Liabilities Disclosure [Abstract]
INTANGIBLE ASSETS AND LIABILITIES, NET	INTANGIBLE ASSETS AND LIABILITIES, NET Our intangible assets and liabilities, net are summarized as follows: December 31, 2018 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 48,143 $ — $ — $ 48,143 Less: Accumulated amortization (29,780) — — (29,780) Acquired favorable lease intangibles, net 18,363 — — 18,363 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (15,378) (210) (15,588) Acquired customer relationships, net — 20,135 15 20,150 Total intangible assets, net $ 18,363 $ 20,135 $ 15 $ 38,513 Intangible liabilities Acquired unfavorable lease intangibles $ 3,736 $ — $ — $ 3,736 Less: Accumulated amortization (2,114) — — (2,114) Acquired unfavorable lease intangibles, net $ 1,622 $ — $ — $ 1,622 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 as follows: Classification in Consolidated Statements of Operations Year Ended December 31, 2018 2017 2016 Lease intangibles Equipment leasing revenues $ 8,588 $ 4,716 $ 4,979 Customer relationships Depreciation and amortization 3,598 3,598 3,598 Total $ 12,186 $ 8,314 $ 8,577 As of December 31, 2018, estimated net annual amortization of intangibles is as follows: 2019 $ 11,244 2020 8,746 2021 6,472 2022 4,438 2023 3,612 Thereafter 2,379 Total $ 36,891

DEBT, NET

DEBT, NET	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
DEBT, NET	DEBT, NET Our debt, net is summarized as follows: December 31, 2018 December 31, 2017 Outstanding Borrowings Stated Interest Rate Maturity Date Outstanding Borrowings Loans payable FTAI Pride Credit Agreement (1) $ 47,743 LIBOR + 4.50% 9/15/2019 $ 53,993 CMQR Credit 22,265 (i) Adjusted LIBOR + 2.50% or 4.50%; or 9/18/2019 22,800 Jefferson Revolver ( 2 ) 49,805 (i) Base Rate + 1.50%; or 3/7/2021 — DRP Revolver ( 3 ) — (i) Base Rate + 1.50%; or (ii) Base Rate + 2.50% (Eurodollar) 11/5/2021 — Revolving Credit Facility ( 2 ) 100,000 (i) Base Rate + 2.00%; or 6/16/2021 — Total loans payable 219,813 76,793 Bonds payable Series 2012 Bonds ( 4 ) 42,797 8.25% 7/1/2032 44,404 Series 2016 Bonds ( 5 ) 144,200 7.25% 2/1/2036 144,200 Senior Notes due 2022 ( 6 ) 549,405 6.75% 3/15/2022 449,290 Senior Notes due 2025 ( 7 ) 295,642 6.50% 10/1/2025 — Total bonds payable 1,032,044 637,894 Debt 1,251,857 714,687 Less: Debt issuance costs (14,510) (11,423) Total debt, net $ 1,237,347 $ 703,264 Total debt due within one year $ 71,678 $ 7,795 ______________________________________________________________________________________ ( 1 ) Secured on a first priority basis by the offshore construction vessel and charter. ( 2 ) Requires a quarterly commitment fee at a rate of 0.50% on the average daily unused portion, as well as customary letter of credit fees and agency fees. ( 3 ) Requires a quarterly commitment fee at a rate of 0.875% on the average daily unused portion, as well as customary letter of credit fees and agency fees. ( 4 ) Includes unamortized premium of $1,577 and $1,639 as of December 31, 2018 and 2017, respectively. ( 5 ) These bonds have a stated maturity of February 1, 2036 but are subject to mandatory tender for purchase at par, by our subsidiary, on February 13, 2020 if they have not been repurchased from proceeds of a remarketing of the bonds or redeemed prior to such date. ( 6 ) Includes unamortized discount of $5,154 and $6,506, respectively, and an unamortized premium of $4,559 and $5,796, respectively, as of December 31, 2018 and 2017. ( 7 ) Includes unamortized discount of $4,358 and $0 as of December 31, 2018 and 2017, respectively. DRP Revolving Credit Facility —On November 5, 2018, our subsidiary entered into a revolving credit facility (the “DRP Revolver”) that provides for revolving loans in the aggregate amount of $25.0 million. The DRP Revolver is secured by the capital stock of certain of our direct subsidiaries as defined in the related credit agreement. Any amount borrowed may be voluntarily prepaid without penalty or premium, other than customary breakage costs related to prepayments of Eurodollar Rate borrowings. In the event of a credit agreement default by our subsidiary, including bankruptcy or insolvency, financial covenant default, or the failure to make a capital call under the relevant agreement, we have agreed to contribute capital to satisfy up to 120% of the aggregate outstanding obligations. Jefferson Revolving Credit Facility —On March 7, 2018, our subsidiary entered into a revolving credit facility (the “Jefferson Revolver”) that provides for revolving loans in the aggregate principal amount of $50.0 million. The Jefferson Revolver is secured by the capital stock of certain of our direct subsidiaries as defined in the related credit agreement. Any amount borrowed may be voluntarily prepaid without penalty or premium, other than customary breakage costs related to prepayments of Eurodollar Rate borrowings. On December 20, 2018, our subsidiary entered into an amendment to the Jefferson Revolver which temporarily increases the aggregate revolving commitments by $25.0 million to $75.0 million, until August 1, 2019, after which the aggregate revolving commitment will revert back to $50.0 million. In the event of a credit agreement default by our subsidiary, including bankruptcy or insolvency, financial covenant default, or the failure to make a capital call under the relevant agreement, we have agreed to contribute capital to satisfy up to 120% of the aggregate outstanding obligations. Senior Notes due 2025 — On September 18, 2018, we issued $300.0 million aggregate principal amount of senior unsecured notes due 2025 (the “2025 Notes”). The 2025 Notes bear interest at a rate of 6.50% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, commencing on April 1, 2019, to persons who are registered holders on the immediately preceding March 15 and September 15, respectively. Prior to October 1, 2021, we may redeem some or all of the 2025 Notes at a redemption price equal to 100.000% of the principal amount of the 2025 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 October 1, 2021, we may redeem some or all of the 2025 Notes at declining redemption prices equal to (i) 103.250% beginning on October 1, 2021, (ii) 101.625% beginning on October 1, 2022 and (iii) 100.000% beginning on October 1, 2023 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 October 1, 2021, we may redeem up to 40% of the aggregate principal amount of the 2025 Notes using net proceeds from certain equity offerings at a redemption price equal to 106.500% of the principal amount of the 2025 Notes redeemed, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date. Revolving Credit Facility —On June 16, 2017, we entered into a revolving credit facility (the “Revolving Credit Facility”) with certain lenders. On August 2, 2018, we entered into an amendment to the Revolving Credit Facility which, among other things, (i) increases the aggregate revolving commitments by $50.0 million to $125.0 million (of which $25.0 million may be utilized for the issuance of letters of credit) and (ii) extends the maturity date of the revolving loans and commitments under the Existing Credit Agreement by one year from June 16, 2020 to June 16, 2021. The Revolving Credit Facility is secured by the capital stock of certain direct subsidiaries of ours as defined in the related credit agreement. Any amount borrowed may be voluntarily prepaid without penalty or premium, other than customary breakage costs related to prepayments of Eurodollar Rate borrowings. CMQR Credit Agreement —On June 30, 2017, CMQR amended its credit agreement for a revolving line of credit increase in the aggregate amount from $20.0 million to $25.0 million and to extend the maturity date to September 18, 2019. The CMQR credit agreement is also indirectly supported by us. In the event of a default under the credit agreement, CMQR’s lenders can cause CMQR to call up to a total of $29.0 million in capital from us, and in the event of CMQR’s bankruptcy, the lenders can put the debt back to us. Senior Notes due 2022 — On March 15, 2017, we issued $250.0 million aggregate principal amount of senior unsecured notes due 2022 (the “2022 Notes”). On August 23, 2017, we issued an additional $100.0 million of 2022 Notes 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, we issued an additional $100.0 million of 2022 Notes at an offering price of 103.25% of the principal amount plus accrued interest from September 15, 2017. On May 31, 2018, we issued an additional $100.0 million of 2022 Notes at an offering price of 100.00% of the principal amount plus accrued interest from March 15, 2018. The 2022 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 2022 Notes on the immediately preceding March 1 and September 1, respectively. Prior to March 15, 2020, we may redeem some or all of the 2022 Notes at a redemption price equal to 100.00% of the principal amount of the 2022 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, we may redeem some or all of the 2022 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, we may at any time redeem up to 40% of the aggregate principal amount of the 2022 Notes using net proceeds from certain equity offerings at a redemption price equal to 106.75% of the principal amount of the 2022 Notes redeemed, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date. We fully extinguished certain debt of $100.0 million and $98.8 million and recognized a loss on extinguishment of debt of $2.5 million and $1.6 million during the years ended December 31, 2017 and 2016, respectively. We did not fully extinguish any debt in 2018. We were in compliance with all debt covenants as of December 31, 2018. As of December 31, 2018, scheduled principal repayments under our debt agreements for the next five years and thereafter are summarized as follows: 2019 2020 2021 2022 2023 Thereafter Total FTAI Pride Credit Agreement $ 47,743 $ — $ — $ — $ — $ — $ 47,743 CMQR Credit Agreement 22,265 — — — — — 22,265 Jefferson Revolver — — 49,805 — — — 49,805 DRP Revolver — — — — — — — Revolving Credit Facility — — 100,000 — — — 100,000 Series 2012 Bonds 1,670 1,810 1,960 2,120 2,295 31,365 41,220 Series 2016 Bonds — 144,200 — — — — 144,200 Senior Notes due 2022 — — — 550,000 — — 550,000 Senior Notes due 2025 — — — — — 300,000 300,000 Total principal payments on loans and bonds payable $ 71,678 $ 146,010 $ 151,765 $ 552,120 $ 2,295 $ 331,365 $ 1,255,233

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 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 us to develop our 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 our financial assets measured at fair value on a recurring basis as of December 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 December 31, 2018 December 31, 2018 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 99,601 $ 99,601 $ — $ — Market Restricted cash 21,236 21,236 — — Market Derivative assets 7,470 — — 7,470 Income Total assets $ 128,307 $ 120,837 $ — $ 7,470 Liabilities Derivative liabilities $ (925) $ — $ — $ (925) Income Total liabilities $ (925) $ — $ — $ (925) 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 Derivative assets 1,022 — — 1,022 Income Total $ 93,828 $ 92,806 $ — $ 1,022 As of December 31, 2017, we had no liabilities that were measured at fair value on a recurring basis. Our 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, our financial instruments other than cash and cash equivalents, 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. The fair value of our bonds and notes payable reported as debt, net in the Consolidated Balance Sheets are presented in the table below: December 31, 2018 December 31, 2017 Series 2012 Bonds (1) $ 42,633 $ 45,691 Series 2016 Bonds ( 1 ) 149,582 150,329 Senior Notes due 2022 551,144 449,290 Senior Notes due 2025 283,965 — ______________________________________________________________________________________ (1) Fair value is based upon market prices for similar municipal securities. 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.

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES We disaggregate our revenue from contracts with customers by products and services provided for each of our segments, as we believe it best depicts the nature, amount, timing and uncertainty of our revenue. Revenues attributed to our Equipment Leasing business unit are within the scope of ASC 840, while revenues attributed to our Infrastructure business unit are within the scope of ASC 606, unless otherwise noted. Year Ended December 31, 2018 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Equipment leasing revenues Lease income $ 151,531 $ 5,659 $ — $ — $ — $ — $ — $ 157,190 Maintenance revenue 89,870 — — — — — — 89,870 Finance lease income 1,895 1,454 — — — — — 3,349 Other revenue 974 1,606 50 — — — — 2,630 Total equipment leasing revenues 244,270 8,719 50 — — — — 253,039 Infrastructure revenues Lease income — — — 272 — 1,462 — 1,734 Rail revenues — — — — 38,410 — — 38,410 Terminal services revenues — — — 10,108 — — — 10,108 Other revenue — — — 60,605 — 15,982 — 76,587 Total infrastructure revenues — — — 70,985 38,410 17,444 — 126,839 Total revenues $ 244,270 $ 8,719 $ 50 $ 70,985 $ 38,410 $ 17,444 $ — $ 379,878 Year Ended December 31, 2017 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Equipment leasing revenues Lease income $ 91,103 $ 8,433 $ — $ — $ — $ — $ — $ 99,536 Maintenance revenue 65,651 — — — — — — 65,651 Finance lease income — 1,536 — — — — — 1,536 Other revenue 39 3,138 100 — — — — 3,277 Total equipment leasing revenues 156,793 13,107 100 — — — — 170,000 Infrastructure revenues Lease income — — — — — 1,111 — 1,111 Rail revenues — — — — 32,607 — — 32,607 Terminal services revenues — — — 10,229 — — — 10,229 Other revenue — — — — — 3,712 — 3,712 Total infrastructure revenues — — — 10,229 32,607 4,823 — 47,659 Total revenues $ 156,793 $ 13,107 $ 100 $ 10,229 $ 32,607 $ 4,823 $ — $ 217,659 Year Ended December 31, 2016 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Equipment leasing revenues Lease income $ 66,024 $ 3,712 $ — $ — $ — $ — $ — $ 69,736 Maintenance revenue 28,697 — — — — — — 28,697 Finance lease income — 1,610 1,113 — — — — 2,723 Other revenue 687 6 100 — — — — 793 Total equipment leasing revenues 95,408 5,328 1,213 — — — — 101,949 Infrastructure revenues Lease income — — — — — 32 — 32 Rail revenues — — — — 30,837 — — 30,837 Terminal services revenues — — — 15,902 — — — 15,902 Total infrastructure revenues — — — 15,902 30,837 32 — 46,771 Total revenues $ 95,408 $ 5,328 $ 1,213 $ 15,902 $ 30,837 $ 32 $ — $ 148,720 Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors as of December 31, 2018: 2019 $ 157,470 2020 102,337 2021 68,473 2022 43,484 2023 27,813 Thereafter 14,843 Total $ 414,420

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EQUITY-BASED COMPENSATION	EQUITY-BASED COMPENSATION In 2015, we 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 us, each as determined by the Compensation Committee of the Board of Directors. As of December 31, 2018, the Incentive Plan provides for the issuance of up to 30 million shares. We account for equity-based compensation expense in accordance with ASC 718 Compensation-Stock Compensation (“ASC 718”) and is reported within operating expenses and general and administrative in the Consolidated Statements of Operations. The Consolidated Statements of Operations includes the following expense (income) related to our stock-based compensation arrangements: Year Ended December 31, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met 2018 2017 2016 Stock Options $ 9 $ — $ — $ — Restricted Shares 359 318 (4,051) 642 Common Units 533 1,025 379 774 Total $ 901 $ 1,343 $ (3,672) $ 1,416 The following tables present information for our stock options, restricted shares and common units: Stock Options Restricted Shares Common Units Options Weighted Average Exercise Price Shares Weighted Average Exercise Price Units Weighted Average Exercise Price Outstanding as of 15,000 $ 16.98 70,721 $ 19.06 572,525 $ 1.42 Granted 836,342 18.22 — N/A 670,000 1.00 Less: exercised / vested — N/A 20,955 17.14 232,927 1.33 Less: forfeited and canceled — N/A — N/A — N/A Outstanding as of 851,342 49,766 1,009,598 Stock Options Restricted Shares Common Units As of December 31, 2018: Weighted average exercise price (per share) $ 18.20 $ 16.92 $ 1.15 Aggregate intrinsic value (in thousands) $ — $ 842 $ 1,163 Weighted average remaining contractual term (in years) 9.1 1.2 1.0 Stock Options During 2018, we granted equity-based compensation awards of 10,000 stock options, the grant date fair value of which was not material, to our two new independent directors (5,000 options each) pursuant to the Incentive Plan. These options immediately vested upon grant and expire after 10 years. In connection with our equity offerings in January 2018 and December 2018 (see Note 15 for details), we granted options to the Manager related to 700,000 and 126,342 common shares, respectively, which had a fair value of $1.9 million and $0.2 million, respectively, as of the grant dates. The fair value of these options were recorded as an increase in equity with an offsetting reduction of capital proceeds received. The following table presents the assumptions used in valuing the options for the equity offerings in January 2018 and December 2018: January December Expected volatility The expected stock volatility is based on an assessment of the volatility of our publicly traded common shares 27.73 % 18.71 % 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. 2.52 % 2.98 % Expected dividend yield The expected dividend yield is based on management’s current expected dividend rate. 5.45 % 6.81 % Expected term Expected term used represents the period of time the options granted are expected to be outstanding. 10 years 10 years Restricted Shares In November 2016 and May 2017, we issued restricted shares of 52,388 and 31,340, respectively, with grant date fair values of $0.9 million and $0.5 million, respectively. The shares vest over four During 2016, equity compensation expense of $4.4 million, related to 1.25 million restricted shares issued in 2014, that was previously recognized was reversed in operating expenses in the Consolidated Statements of Operations as the achievement of all performance conditions was deemed not probable. These shares expired in 2017. During 2016, an employee holding 42,000 restricted shares terminated his employment, at which time 50% of the award had vested. In lieu of delivering the vested shares, we paid $0.2 million in cash to the former employee in accordance with the amended terms of the agreement. Common Units In April 2018, we issued 670,000 common units that had a grant date fair value of $0.7 million and vest over three In April 2017, we issued 520,000 common units that had a grant date fair value of $0.9 million and vest over a range of 6 to 48 months. In November 2017, we issued 505,050 common units that had a grant date fair value of $0.5 million and vest over three The above awards are subject to continued employment and compensation expense is recognized ratably over the vesting periods. The fair value was based on the fair value of the operating subsidiary on the grant date, which is estimated using a discounted cash flow analysis that requires the application of discount factors and terminal multiples to projected cash flows. Discount factors and terminal multiples were based on market-based inputs and transactions, as available at the measurement date.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 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: Year Ended December 31, 2018 2017 2016 Current: Federal $ 75 $ 1,551 $ 355 State and local 250 145 112 Foreign 63 76 (176) Total current provision 388 1,772 291 Deferred: Federal 1,528 215 (50) State and local 621 5 6 Foreign (1,165) (38) 21 Total deferred provision 984 182 (23) Total provision for income taxes $ 1,372 $ 1,954 $ 268 We are taxed as a flow-through entity for U.S. income tax purposes and our taxable income or loss generated is the responsibility of our owners. Taxable income or loss generated by our corporate subsidiaries is subject to U.S. federal, state and foreign corporate income tax in locations where they conduct business. The difference between our reported provision for income taxes and the U.S. federal statutory rate of 21% is as follows: Year Ended December 31, 2018 2017 2016 U.S. federal tax at statutory rate 21.0 % 35.0 % 35.0 % Income not subject to tax at statutory rate 121.9 % 98.2 % 7.9 % State and local taxes (6.1) % (0.5) % (0.2) % Foreign taxes 7.7 % (0.2) % 0.9 % Branch profit tax (0.5) % (2.6) % (0.3) % Change in tax rates — % (6.9) % — % Other (0.2) % 1.0 % (0.4) % Change in valuation allowance (153.3) % (133.2) % (43.6) % Provision for income taxes (9.5) % (9.2) % (0.7) % Significant components of our deferred tax assets and liabilities are as follows: December 31, 2018 2017 Deferred tax assets: Net operating loss carryforwards $ 64,034 $ 46,564 Accrued expenses 1,241 1,684 Deferred revenue 132 — Interest expense 19,380 9,727 Other 1,101 202 Total deferred tax assets 85,888 58,177 Less valuation allowance (68,294) (45,624) Net deferred tax assets 17,594 12,553 Deferred tax liabilities: Fixed assets and goodwill (19,117) (13,104) Net deferred tax liabilities $ (1,523) $ (551) Current and deferred tax assets and liabilities are reported net in other assets or other liabilities in the Consolidated Balance Sheet. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. We have analyzed our deferred tax assets and have determined, based on the weight of available evidence, that it is more likely than not that a significant portion will not be realized. Accordingly, valuation allowances have been recognized as of December 31, 2018 and December 31, 2017 of $68.3 million and $45.6 million, respectively, related to certain deductible temporary differences and net operating loss carryforwards. A summary of the changes in the valuation allowance is as follows: December 31, 2018 2017 Valuation allowance at beginning of period $ 45,624 $ 42,270 Change due to current year losses and releases 22,670 27,549 Decrease due to change in tax rates — (24,195) Valuation allowance at end of period $ 68,294 $ 45,624 As of December 31, 2018, certain of our corporate subsidiaries had U.S. federal net operating loss carryforwards of approximately $240.9 million that are available to offset future taxable income. If not utilized, $180.8 million of these carryforwards will begin to expire in the year 2034, with $60.1 million of these carryforwards having no expiration date. As of December 31, 2018, we also had net operating loss carryforwards for Canadian federal and provincial income taxes of $5.2 million, which will begin to expire in the year 2034, $82.8 million of net operating loss carryforwards for Irish income tax purposes, which can be carried forward indefinitely against future business income, and $0.9 million of net operating loss carryforwards for Malaysian income tax purposes, which will begin to expire in the year 2025. The utilization of the net operating loss carryforwards to reduce future income taxes will depend on the relevant corporate subsidiary's ability to generate sufficient taxable income prior to the expiration of the carryforward period, if any. In addition, the maximum annual use of net operating loss carryforwards may be limited after certain changes in stock ownership. The TCJA significantly revises the U.S. corporate income tax regime by, among other things, lowering corporate income tax rates. We have accounted for the effects of the TCJA for the year ended December 31, 2017 which relates to the re-measurement of deferred tax assets and liabilities due to the reduction in the corporate income tax rate. Due to the significant portion of our 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. As of and for the period ended December 31, 2018, we had not established a liability for uncertain tax positions as no such positions existed. In general, our tax returns and the tax returns of our corporate subsidiaries are subject to U.S. federal, state, local and foreign income tax examinations by tax authorities. Generally, we are not subject to examination by taxing authorities for tax years prior to 2015. We do not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date.

MANAGEMENT AGREEMENT AND AFFILI

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	12 Months Ended
	Dec. 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 us on various aspects of our business, formulating our investment strategies, arranging for the acquisition and disposition of assets, arranging for financing, monitoring performance, and managing our 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 our behalf, including the costs of legal, accounting and other administrative activities. In May 2015, in connection with our IPO, we entered into the Management Agreement which replaced our then-existing management agreement as a private fund. Additionally, we have 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 post-IPO management fee is determined by taking the average value of total equity (excluding non-controlling interests) determined on a consolidated basis in accordance with GAAP at the end of the two most recently completed months multiplied by an annual rate of 1.50%, and is payable monthly in arrears in cash. The 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 our 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 our 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. One of our subsidiaries 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 our 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. Capital Gains Incentive Allocation is calculated and distributable in arrears as of the end of each calendar year and is equal to 10% of our pro rata share of cumulative realized gains from the date of the IPO through the end of the applicable calendar year, net of our 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. The following table summarizes the management fees, income incentive allocation and capital gains incentive allocation: Year Ended December 31, 2018 2017 2016 Management fees $ 15,319 $ 15,218 $ 16,742 Income incentive allocation — — — Capital gains incentive allocation 407 514 — We pay all of our operating expenses, except those specifically required to be borne by the Manager under the Management Agreement. The expenses required to be paid by us include, but are not limited to, issuance and transaction costs incident to the acquisition, disposition and financing of our assets, legal and auditing fees and expenses, the compensation and expenses of our independent directors, the costs associated with the establishment and maintenance of any credit facilities and other indebtedness of ours (including commitment fees, legal fees, closing costs, etc.), expenses associated with other securities offerings of ours, costs and expenses incurred in contracting with third parties (including affiliates of the Manager), the costs of printing and mailing proxies and reports to our shareholders, costs incurred by the Manager or its affiliates for travel on our behalf, costs associated with any computer software or hardware that is used by us, costs to obtain liability insurance to indemnify our directors and officers and the compensation and expenses of our transfer agent. We 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; we will not reimburse the Manager for these expenses. The following table summarizes our reimbursements to the Manager: Year Ended December 31, 2018 2017 2016 Classification in the Consolidated Statements of Operations: General and administrative expenses $ 9,910 $ 8,064 $ 7,301 Acquisition and transaction expenses 6,653 6,295 4,783 Total $ 16,563 $ 14,359 $ 12,084 If we terminate the Management Agreement, we 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 our 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 our common shares or other equity securities (including securities issued as consideration in an acquisition), we 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 our 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 following table summarizes amounts due to the Manager, which are included within accounts payable and accrued liabilities in the Consolidated Balance Sheets: December 31, 2018 2017 Accrued management fees $ 1,263 $ 1,228 Other payables 3,965 2,073 As of December 31, 2018 and 2017, no amounts were recorded as a receivable from the Manager. Other Affiliate Transactions As of December 31, 2018 and 2017, an affiliate of our 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 December 31, 2018 and 2017 was $51.1 million and $66.2 million, respectively. The following table presents the amount of this non-controlling interest share of net loss: Year Ended December 31, 2018 2017 2016 Non-controlling interest share of net loss $ 13,436 $ 8,662 $ 7,647 In connection with the Capital Call Agreement related to the Series 2016 Bonds, we entered into a Fee and Support Agreement with an affiliate of our Manager. 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 $1.7 million, which will be amortized as interest expense to the earlier of the redemption date or February 13, 2020.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Our reportable segments represent strategic business units comprised of investments in different types of transportation and infrastructure assets. We have six reportable segments which operate in the Equipment Leasing and Infrastructure businesses across several market sectors. Our 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 operating leases. Shipping Containers consists of an investment in an unconsolidated entity engaged in the 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, 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, 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. We evaluate 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, our 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. We believe 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: I. For the Year Ended December 31, 2018 Year ended December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 244,270 $ 8,719 $ 50 $ — $ — $ — $ — $ 253,039 Infrastructure revenues — — — 70,985 38,410 17,444 — 126,839 Total revenues 244,270 8,719 50 70,985 38,410 17,444 — 379,878 Expenses Operating expenses 9,149 13,697 — 94,622 31,734 18,312 — 167,514 General and administrative — — — — — — 17,126 17,126 Acquisition and transaction expenses 315 — — — — — 6,653 6,968 Management fees and incentive allocation to affiliate — — — — — — 15,726 15,726 Depreciation and amortization 102,419 6,481 — 19,745 2,570 5,139 — 136,354 Interest expense — 3,687 — 15,513 1,009 649 36,996 57,854 Total expenses 111,883 23,865 — 129,880 35,313 24,100 76,501 401,542 Other income (expense) Equity in (losses) earnings of unconsolidated entities (743) — 309 (574) — — — (1,008) Gain on sale of assets 3,911 — — — — — — 3,911 Interest income 202 16 — 270 — — — 488 Other income (expense) — — — 3,983 (42) — — 3,941 Total other income (expense) 3,370 16 309 3,679 (42) — — 7,332 Income (loss) before income taxes 135,757 (15,130) 359 (55,216) 3,055 (6,656) (76,501) (14,332) Provision (benefit) for income taxes 2,280 1 (94) 261 (1,077) 1 — 1,372 Net income (loss) 133,477 (15,131) 453 (55,477) 4,132 (6,657) (76,501) (15,704) Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries (24) — — (21,801) 339 (100) — (21,586) Net income (loss) attributable to shareholders $ 133,501 $ (15,131) $ 453 $ (33,676) $ 3,793 $ (6,557) $ (76,501) $ 5,882 The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders: Year ended December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 135,428 $ (15,137) $ 171 $ (37,674) $ 2,986 $ (6,214) $ (69,432) $ 10,128 Add: Non-controlling share of adjustments to Adjusted Net Income (1,030) Add: Equity in losses of unconsolidated entities (1,008) Add: Cash payments for income taxes 721 Less: Incentive allocations (407) Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities 1,196 Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments 5,523 Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (6,968) Less: Equity-based compensation (901) Less: Provision for income taxes (1,372) Net income attributable to shareholders $ 5,882 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year ended December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Africa $ 10,053 $ — $ — $ — $ — $ — $ — $ 10,053 Asia 78,374 7,265 50 — — — — 85,689 Europe 121,546 — — — — — — 121,546 North America 30,701 1,454 — 70,985 38,410 17,444 — 158,994 South America 3,596 — — — — — — 3,596 Total revenues $ 244,270 $ 8,719 $ 50 $ 70,985 $ 38,410 $ 17,444 $ — $ 379,878 II. For the Year Ended December 31, 2017 Year Ended December 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 156,793 $ 13,107 $ 100 $ — $ — $ — $ — $ 170,000 Infrastructure revenues — — — 10,229 32,607 4,823 — 47,659 Total revenues 156,793 13,107 100 10,229 32,607 4,823 — 217,659 Expenses Operating expenses 6,247 15,833 9 31,213 29,966 9,117 — 92,385 General and administrative — — — — — — 14,570 14,570 Acquisition and transaction expenses 441 — — — — — 6,865 7,306 Management fees and incentive allocation to affiliate — — — — — — 15,732 15,732 Depreciation and amortization 61,795 6,427 — 16,193 2,037 1,658 — 88,110 Interest expense — 3,670 — 13,568 1,029 1,088 19,472 38,827 Total expenses 68,483 25,930 9 60,974 33,032 11,863 56,639 256,930 Other income (expense) Equity in losses of unconsolidated entities (1,276) — (4) (321) — — — (1,601) Gain (loss) on sale of assets 7,188 11,405 — — (312) — — 18,281 Loss on extinguishment of debt — — — — — — (2,456) (2,456) Interest income 297 15 — 376 — — — 688 Other income — 1,093 — 1,980 — — — 3,073 Total other income (expense) 6,209 12,513 (4) 2,035 (312) — (2,456) 17,985 Income (loss) before income taxes 94,519 (310) 87 (48,710) (737) (7,040) (59,095) (21,286) Provision (benefit) for income taxes 1,966 11 (65) 42 — — — 1,954 Net income (loss) 92,553 (321) 152 (48,752) (737) (7,040) (59,095) (23,240) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries 697 (526) — (22,991) (70) (484) — (23,374) Net income (loss) attributable to shareholders $ 91,856 $ 205 $ 152 $ (25,761) $ (667) $ (6,556) $ (59,095) $ 134 The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders: Year Ended December 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 92,637 $ 216 $ 87 $ (27,016) $ 19 $ (6,257) $ (49,285) $ 10,401 Add: Non-controlling share of adjustments to Adjusted Net Income 558 Add: Equity in losses of unconsolidated entities (1,601) Add: Cash payments for income taxes 1,726 Less: Incentive allocations (514) Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities 1,601 Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments 1,022 Less: Losses on the modification or extinguishment of debt and capital lease obligations (2,456) Less: Acquisition and transaction expenses (7,306) Less: Equity-based compensation income (1,343) Less: Provision for income taxes (1,954) Net income attributable to shareholders $ 134 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Africa $ 9,993 $ — $ — $ — $ — $ — $ — $ 9,993 Asia 45,794 5,974 100 — — — — 51,868 Europe 84,023 5,597 — — — — — 89,620 North America 16,278 1,536 — 10,229 32,607 4,823 — 65,473 South America 705 — — — — — — 705 Total revenues $ 156,793 $ 13,107 $ 100 $ 10,229 $ 32,607 $ 4,823 $ — $ 217,659 III. For the Year Ended December 31, 2016 Year Ended December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 95,408 $ 5,328 $ 1,213 $ — $ — $ — $ — $ 101,949 Infrastructure revenues — — — 15,902 30,837 32 — 46,771 Total revenues 95,408 5,328 1,213 15,902 30,837 32 — 148,720 Expenses Operating expenses 4,609 11,014 43 21,886 27,975 628 14 66,169 General and administrative — — — — — — 12,314 12,314 Acquisition and transaction expenses 80 — — 400 — — 5,836 6,316 Management fees and incentive allocation to affiliate — — — — — — 16,742 16,742 Depreciation and amortization 36,369 6,411 — 15,500 1,926 4 — 60,210 Interest expense — 3,747 410 13,501 754 545 — 18,957 Total expenses 41,058 21,172 453 51,287 30,655 1,177 34,906 180,708 Other income (expense) Equity in losses of unconsolidated entities — — (5,974) (18) — — — (5,992) Gain on sale of assets 5,214 — 304 — 423 — — 5,941 Loss on extinguishment of debt — — — (1,579) — — — (1,579) Asset impairment — (7,450) — — — — — (7,450) Interest income (expense) 142 13 — (19) — — — 136 Other income — — — 602 — — — 602 Total other income (expense) 5,356 (7,437) (5,670) (1,014) 423 — — (8,342) Income (loss) before income taxes 59,706 (23,281) (4,910) (36,399) 605 (1,145) (34,906) (40,330) Provision (benefit) for income taxes 267 — (86) 74 — 13 — 268 Net income (loss) 59,439 (23,281) (4,824) (36,473) 605 (1,158) (34,906) (40,598) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries 435 (4,368) — (16,456) 23 (157) (11) (20,534) Net income (loss) attributable to shareholders $ 59,004 $ (18,913) $ (4,824) $ (20,017) $ 582 $ (1,001) $ (34,895) $ (20,064) The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders: Year Ended December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 58,768 $ (15,188) $ (1,838) $ (21,249) $ 941 $ (993) $ (29,073) $ (8,632) Add: Non-controlling share of adjustments to Adjusted Net Income 2,945 Add: Equity in losses of unconsolidated entities (5,992) Add: Cash payments for income taxes 654 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities 2,905 Less: Asset impairment charges (7,450) Less: Changes in fair value of non-hedge derivative instruments (3) Less: Losses on the modification or extinguishment of debt and capital lease obligations (1,579) Less: Acquisition and transaction expenses (6,316) Less: Equity-based compensation expense 3,672 Less: Provision for income taxes (268) Net loss attributable to shareholders $ (20,064) Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Africa $ 12,344 $ — $ — $ — $ — $ — $ — $ 12,344 Asia 42,999 3,470 885 — — — — 47,354 Europe 30,508 248 — — — — — 30,756 North America 8,184 1,610 328 15,902 30,837 32 — 56,893 South America 1,373 — — — — — — 1,373 Total revenues $ 95,408 $ 5,328 $ 1,213 $ 15,902 $ 30,837 $ 32 $ — $ 148,720 IV. Balance Sheet and location of long-lived assets The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment and leasing equipment, net: December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 1,367,074 $ 192,729 $ 2,360 $ 670,682 $ 64,286 $ 277,160 $ 64,487 $ 2,638,778 Debt, net — 47,570 — 234,862 22,239 — 932,676 1,237,347 Total liabilities 234,449 51,125 6 288,256 37,207 16,615 957,338 1,584,996 Non-controlling interests in equity of consolidated subsidiaries — — — 52,058 3,258 544 523 56,383 Total equity 1,132,625 141,604 2,354 382,426 27,079 260,545 (892,851) 1,053,782 Total liabilities and equity $ 1,367,074 $ 192,729 $ 2,360 $ 670,682 $ 64,286 $ 277,160 $ 64,487 $ 2,638,778 December 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 $ 47,353 $ — $ — $ — $ — $ — $ — $ 47,353 Asia 383,648 34,667 — — — — — 418,315 Europe 592,670 121,950 — — — — — 714,620 North America 177,962 — — 433,404 51,157 263,747 — 926,270 South America 34,505 — — — — — — 34,505 Total property, plant and equipment and leasing equipment, net $ 1,236,138 $ 156,617 $ — $ 433,404 $ 51,157 $ 263,747 $ — $ 2,141,063 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 property, plant and equipment and leasing equipment, net $ 870,491 $ 163,072 $ — $ 371,687 $ 40,512 $ 118,317 $ — $ 1,564,079

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	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 shares of common stock outstanding, plus any participating securities. Diluted EPS is calculated by dividing net income (loss) attributable to shareholders by the weighted average number of shares of common stock outstanding, plus potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method. The calculation of basic and diluted EPS is presented below. Year Ended December 31, (in thousands, except share and per share data) 2018 2017 2016 Net income (loss) attributable to shareholders $ 5,882 $ 134 $ (20,064) Weighted Average Shares Outstanding - Basic 83,654,068 75,766,811 75,738,698 Weighted Average Shares Outstanding - Diluted 83,664,833 75,766,811 75,738,698 Basic EPS $ 0.07 $ — $ (0.26) Diluted EPS $ 0.07 $ — $ (0.26) For the years ended December 31, 2018, 2017 and 2016, 57,069, 438 and 8,082 shares have been excluded from the calculation of Diluted EPS, respectively, because the impact would be anti-dilutive. In January 2018, we issued 7,000,000 common shares, par value $0.01 per share, at a price of $18.35 per share. We received net proceeds of $128.5 million after deducting underwriting discounts and commissions and offering expenses. In December 2018, we issued 1,263,423 common shares, par value $0.01 per share, at a price of $15.83 per share. We received net proceeds of $19.7 million after deducting estimated offering expenses. See Note 11 for information related to options granted to the Manager in connection with both the January 2018 and December 2018 offerings.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 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 our Offshore Energy segment, lessees have asserted that they are entitled to certain reimbursable expenses or adjustments per the terms of the related charter agreement. Although we believe that we have strong defenses against these claims, the range of potential damages is $0.0 million to $3.3 million. No amount has been recorded for this matter in our consolidated financial statements as of December 31, 2018, and we will continue to vigorously defend against these claims. Our maximum exposure under other arrangements is unknown as no additional claims have been made. We believe the risk of loss in connection with such arrangements is remote. We have also entered into an arrangement with our non-controlling interest holder of Repauno, whereby the non-controlling interest holder may receive additional payments contingent upon the achievement of certain service conditions, not to exceed $15.0 million. We will account for such amounts when and if such service conditions are achieved. We have 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 $5.0 million. We will account for such amounts when and if such conditions are achieved. Several of our subsidiaries are lessees under various operating and capital leases. Total rent expense for operating leases was as follows: Year Ended December 31, 2018 2017 2016 Rent expense $ 4,157 $ 4,979 $ 4,953 As of December 31, 2018, minimum future rental payments under operating and capital leases are as follows: 2019 $ 9,360 2020 5,590 2021 4,122 2022 3,431 2023 2,724 Thereafter 95,202 Total $ 120,429

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	QUARTERLY FINANCIAL INFORMATION (UNAUDITED) The following table presents unaudited summary information for our quarterly operations. 2018 Quarter Ended Year Ended December 31 (in thousands except share and per share data) March 31 June 30 September 30 December 31 Total revenues $ 68,844 $ 71,979 $ 101,155 $ 137,900 $ 379,878 Total expenses 78,128 83,870 100,549 138,995 401,542 Total other income 446 5,976 668 242 7,332 (Loss) income before income taxes (8,838) (5,915) 1,274 (853) (14,332) Provision for (benefit from) income taxes 495 534 551 (208) 1,372 Net (loss) income (9,333) (6,449) 723 (645) (15,704) Net loss attributable to non-controlling interests in consolidated subsidiaries (8,761) (7,288) (3,855) (1,682) (21,586) Net (loss) income attributable to shareholders $ (572) $ 839 $ 4,578 $ 1,037 $ 5,882 (Loss) earnings per share: Basic $ (0.01) $ 0.01 $ 0.05 $ 0.01 $ 0.07 Diluted $ (0.01) $ 0.01 $ 0.05 $ 0.01 $ 0.07 Weighted Average Shares Outstanding: Basic 81,534,454 83,160,037 84,708,071 85,065,125 83,654,068 Diluted 81,534,454 83,160,047 84,709,656 85,068,966 83,664,833 2017 Quarter Ended Year Ended December 31 (in thousands except share and per share data) March 31 June 30 September 30 December 31 (1) Total revenues $ 44,673 $ 51,194 $ 60,362 $ 61,430 $ 217,659 Total expenses 52,264 58,315 66,328 80,023 256,930 Total other (expense) income (1,409) 1,776 5,204 12,414 17,985 Loss before income taxes (9,000) (5,345) (762) (6,179) (21,286) Provision for income taxes 212 464 909 369 1,954 Net loss (9,212) (5,809) (1,671) (6,548) (23,240) Net loss attributable to non-controlling interests in consolidated subsidiaries (4,798) (4,349) (4,669) (9,558) (23,374) Net (loss) income attributable to shareholders $ (4,414) $ (1,460) $ 2,998 $ 3,010 $ 134 (Loss) earnings per share: Basic $ (0.06) $ (0.02) $ 0.04 $ 0.04 $ — Diluted $ (0.06) $ (0.02) $ 0.04 $ 0.04 $ — Weighted Average Shares Outstanding: Basic 75,762,283 75,762,674 75,770,529 75,771,738 75,766,811 Diluted 75,762,283 75,762,674 75,770,665 75,772,867 75,766,811 _____________________________________________________ (1) Results of operations for the three months ended December 31, 2017 include a $5.9 million out of period adjustment to interest expense, which relates to interest previously capitalized that should have been expensed ratably during the first nine months of 2017. The impact of the out of period adjustment for the three months ended December 31, 2017, was a decrease of $3.6 million to net (loss) income attributed to shareholders. We do not believe this out of period adjustment is material to our financial position, or results of operations for any prior periods.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In January 2019, we issued 16,275 common shares to certain directors as compensation. On February 8, 2019 we issued an additional $150 million of 2022 Notes that bear interest at a rate of 6.75% per annum at an offering price of 98.5% of the principal amount plus accrued interest from September 15, 2018. On February 8, 2019, we entered into an amendment to the Revolving Credit Facility. The amendment, among other things, (i) increases the aggregate revolving commitments under the Revolving Credit Facility by $125 million to $250 million (ii) extends the maturity date of the revolving loans and commitments under the Revolving Credit Facility to January 31, 2022 and (iii) makes certain modifications to the financial covenants under the Revolving Credit Facility. During the first quarter of 2019, certain Holders of Class B Units (see Note 13) converted 447,407 Class B Units in exchange for 331,348 common shares. On February 27, 2019, our Board of Directors declared a cash dividend on our common shares and eligible participating securities of $0.33 per share for the quarter ended December 31, 2018, payable on March 27, 2019 to the holders of record on March 15, 2019. Construction of Power Plant at Long Ridge Construction Agreements On February 15, 2019, Long Ridge Energy Generation LLC ("LREG"), a subsidiary of the Company, entered into an engineering, procurement and construction agreement with Kiewit Power Constructors Co. to construct a 485 megawatt natural gas fired, combined cycle power plant at Long Ridge Energy Terminal. Additionally, LREG entered into an agreement for the purchase and sale of certain power generation equipment and related services with General Electric Company. The aggregate value of both of these agreements is approximately $430 million. Credit Agreements On February 15, 2019, LREG and two other subsidiaries (collectively, "Co-Borrowers") entered into certain credit agreements establishing (i) a $445 million construction loan and term loan, (ii) a $154 million letter of credit facility and (iii) a $143 million construction loan and term loan, all of which will be used for the purposes of funding the development, construction and completion of the power plant. The borrowings under these agreements are secured by the assets of the Co-Borrowers, are not guaranteed by the Company and are non-recourse to the Company. Fixed Price Power Agreements ten seven

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Principles of Consolidation	We consolidate all entities in which we have a controlling interest and in which we have control over significant operating decisions, as well as variable interest entities (“VIEs”) in which we are 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. We use the equity method of accounting for investments in entities in which we exercise significant influence but which do not meet the requirements for consolidation. Under the equity method, we record our proportionate share of the underlying net income (loss) of these entities.
Variable Interest Entities	The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
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, we encounter 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 we operate which could adversely impact the pricing of our services 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 our leasing equipment or operating assets. Capital market risk is the risk that we are unable to obtain capital at reasonable rates to fund the growth of our business or to refinance existing debt facilities. Through our subsidiaries, we also conduct operations outside of the United States; such international operations are subject to the same risks as those associated with our 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. We do not have significant exposure to foreign currency risk as all of our leasing arrangements, terminal services revenue and the majority of freight rail revenue are denominated in U.S. dollars.
Cash and Cash Equivalents	We consider all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents.
Inventory	Commodities inventory is carried at the lower of cost or net realizable value on our balance sheet. Commodities are removed from inventory based on the average cost at the time of sale.
Property, Plant and Equipment, Leasing Equipment and Depreciation	Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over estimated useful lives, to estimated residual values which are summarized as follows: Asset Range of Estimated Useful Lives Residual Value Estimates Aircraft 25 years from date of manufacture Generally not to exceed 15% of manufacturer’s list price when new Aircraft engines 2 - 6 years, based on maintenance adjusted service life Sum of engine core salvage value plus the estimated fair value of life limited parts Offshore energy vessels 25 years from date of manufacture 20% of new build cost Railcars and locomotives 40 - 50 years from date of manufacture Scrap value at end of useful life Track and track related assets 15 - 50 years from date of manufacture Scrap value at end of useful life Buildings and site improvements 20 - 30 years Scrap value at end of useful life Railroad equipment 3 - 15 years from date of manufacture Scrap value at end of useful life Terminal machinery and equipment 15 - 25 years from date of manufacture Scrap value at end of useful life Vehicles 5 - 7 years from date of manufacture Scrap value at end of useful life Furniture and fixtures 3 - 6 years from date of purchase None Computer hardware and software 3 - 5 years from date of purchase None Major improvements and modifications incurred in connection with the acquisition of property, plant and equipment and leasing equipment that are required to get the asset ready for initial service are capitalized and depreciated over the remaining life of the asset. Costs of major additions and betterments are capitalized and depreciation commences once it is placed into service. Interest costs directly related to and incurred during the construction period of property, plant and equipment are capitalized. Significant spare parts are depreciated in conjunction with the underlying property, plant and equipment asset when placed in service. We review our depreciation policies on a regular basis to determine whether changes have taken place that would suggest that a change in our depreciation policies, useful lives of our equipment or the assigned residual values is warranted. For planned major maintenance or component overhaul activities for aviation equipment off lease, the cost of such major maintenance or component overhaul event is capitalized and depreciated on a straight-line basis over the period until the next maintenance or component overhaul event is required. Our offshore energy vessels are required to be drydocked periodically for recertifications or major repairs and maintenance that cannot be performed while the vessels are operating. Normal repairs and maintenance are expensed as incurred. We capitalize the costs associated with the drydockings and amortize them on a straight-line basis over the period between drydockings, usually between 30 and 60 months.
Impairment of Long-Lived Assets	We perform a recoverability assessment of each of our long-lived assets whenever events or changes in circumstances, or indicators, indicate that the carrying amount or net book value of an asset may not be recoverable. Indicators may include, but are not limited to, a significant lease restructuring or early lease termination; significant traffic decline; or the introduction of newer technology aircraft, vessels, engines or railcars. When performing a recoverability assessment, we measure whether the estimated future undiscounted net cash flows expected to be generated by the asset exceeds its net book value. The undiscounted cash flows consist of cash flows from currently contracted leases and terminal services contracts, future projected leases, terminal service and freight rail rates, transition costs, estimated down time and estimated residual or scrap values. In the event that an asset does not meet the recoverability test, the carrying value of the asset will be adjusted to fair value resulting in an impairment charge. Management develops the assumptions used in the recoverability analysis based on its knowledge of active contracts, current and future expectations of the global demand for a particular asset and historical experience in the leasing markets, as well as information received from third party industry sources. The factors considered in estimating the undiscounted cash flows are impacted by changes in future periods due to changes in contracted lease rates, terminal service, and freight rail rates, residual values, economic conditions, technology, demand for a particular asset type and other factors.
Goodwill	Goodwill includes the excess of the purchase price over the fair value of the net tangible and intangible assets associated with the acquisitions of CMQR and Jefferson Terminal. The carrying amount of goodwill is approximately $116.6 million as of both December 31, 2018 and 2017. We review the carrying values of goodwill at least annually to assess impairment since these assets are not amortized. An annual impairment review is conducted as of October 1st of each year. Additionally, we review the carrying value of goodwill whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The determination of fair value involves significant management judgment. For an annual goodwill impairment assessment, an optional qualitative analysis may be performed. If the option is not elected or if it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step goodwill impairment test is performed to identify potential goodwill impairment and measure an impairment loss. A qualitative analysis was not elected for the years ended December 31, 2018 or 2017. The first step of an impairment assessment compares the fair value of a respective reporting unit with its carrying amount, including goodwill. The estimate of fair value of the respective reporting unit is based on the best information available as of the date of assessment, which primarily incorporates certain factors including our assumptions about operating results, business plans, income projections, anticipated future cash flows and market data. If the estimated fair value of the reporting unit is less than the carrying amount, a second step must be completed in order to determine the amount of goodwill impairment that should be recorded, if any. In performing the annual analysis, our two reporting units subject to the test are the Jefferson Terminal and Railroad reporting units. We estimate the fair value of the reporting units using an income approach, specifically a discounted cash flow analysis. This analysis requires us to make significant assumptions and estimates about the extent and timing of future cash flows, discount rates and growth rates. The estimates and assumptions used consider historical performance if indicative of future performance, and are consistent with the assumptions used in determining future profit plans for the reporting units. We also utilize market valuation models and other financial ratios, which require us to make certain assumptions and estimates regarding the applicability of those models to our assets and businesses.
Intangibles and amortization	Intangibles include the value of acquired favorable and unfavorable leases and existing customer relationships acquired in connection with the acquisitions of CMQR and Jefferson Terminal. In accounting for acquired leasing equipment, we make estimates about the fair value of the acquired leases. In determining the fair value of these leases, we make assumptions regarding the current fair values of leases for identical or similar equipment in order to determine if the acquired lease is within a fair value range of current lease rates. If a lease is below or above the range of current lease rates, the resulting lease discount or premium is recognized as a lease intangible and amortized into rental income over the remaining term of the lease.
Revenue Recognition	Effective January 1, 2018, we adopted FASB ASU No. 2014-09, Revenue from Contracts with Customers (“ASC 606”) using the modified retrospective approach. ASC 606 requires revenue to be recognized when we transfer promised services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those services. The adoption of the standard did not have a material impact on our consolidated financial statements. 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 (“ASC 840”) are specifically excluded from ASC 606, and lease contracts entered into by Equipment Leasing and Infrastructure are accounted for under ASC 840. However, Infrastructure revenues that do not qualify as leases or service arrangements embedded in lease contracts are accounted for under ASC 606. Payment terms are short term in nature and do not extend beyond one year. See Note 10 for additional details regarding the disaggregation of our revenues by segment.
Leases	Operating Leases — We lease 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. Generally, under our aircraft lease and engine agreements, the lessee is required to make periodic maintenance payments calculated based on the lessee’s utilization of the leased asset. Typically, under our aircraft lease agreements, the lessee is responsible for maintenance, repairs and other operating expenses throughout the term of the lease. These periodic maintenance payments accumulate over the term of the lease to fund major maintenance events, and we are contractually obligated to return maintenance payments to the lessee up to the amount paid by the lessee. In the event the total cost of maintenance events over the term of a lease is less than the cumulative maintenance payments, we are not required to return any unused or excess maintenance payments to the lessee. Maintenance payments received for which we expect to repay to the lessee are presented as Maintenance Deposits in our Consolidated Balance Sheets. All excess maintenance payments received that we do not expect to repay to the lessee are recorded as Maintenance revenues. Finance Leases —From time to time we enter into finance lease arrangements that include a lessee obligation to purchase the leased equipment at the end of the lease term, include 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.
Concentration of Credit Risk	We are subject to concentrations of credit risk with respect to amounts due from customers on our finance leases and operating leases. We attempt to limit our credit risk by performing ongoing credit evaluations.
Provision for Doubtful Accounts	We determine the provision for doubtful accounts based on our assessment of the collectability of our receivables on a customer-by-customer basis.
Comprehensive Income (Loss)	Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. Our 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.
Foreign Currency	Our functional and reporting currency is the U.S. dollar. Purchases and sales of assets and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. Net realized foreign currency gains or losses relating to the differences between these recorded amounts and the U.S. dollar equivalent actually received or paid are reported as a component of operating expenses within the Consolidated Statement of Operations.
Income Taxes	A portion of our income earned by our corporate subsidiaries is subject to U.S. federal and state income taxation, taxed at prevailing rates. The remainder of our income is allocated directly to our partners and is not subject to a corporate level of taxation. Certain subsidiaries of ours are subject to income tax in the foreign countries in which they conduct business. We account for these taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established when management believes it is more likely than not that a deferred tax asset will not be realized. We file income tax returns in the U.S. federal jurisdiction, various state jurisdictions and in certain foreign jurisdictions. The income tax returns filed by us and our subsidiaries are subject to examination by the U.S. federal, state and foreign tax authorities. We recognize tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Consolidated Statements of Operations.
Recent Accounting Pronouncements and Unadopted Accounting Pronouncements	In January 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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. We adopted ASU 2016-01 as of January 1, 2018 and the adoption of this guidance did not have any impact on our 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. We 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 our 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. We adopted ASU 2016-16 as of January 1, 2018 and the adoption of this guidance did not have an impact on our 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. We adopted ASU 2016-18 as of January 1, 2018 and the adoption resulted in the following changes to our reported cash flows from investing and financing activities for the years ended December 31, 2017 and 2016. Year Ended December 31, 2017 Year Ended December 31, 2016 As Previously Reported Adjustment As Reported As Previously Reported Adjustment As Reported Net cash used in investing activities $ (440,230) $ (32,035) $ (472,265) $ (213,098) $ 2,349 $ (210,749) Net cash provided by (used in) financing activities 363,078 — 363,078 (131,453) 41,482 (89,971) 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. We adopted ASU 2017-05 as of January 1, 2018 and the adoption of this guidance did not have an impact on our 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 to be applied on a prospective basis to an award modified on or after the adoption date. We adopted ASU 2017-09 as of January 1, 2018 and the adoption of this guidance did not have an impact on our consolidated financial statements. Unadopted Accounting Pronouncements — In February 2016, the FASB issued ASU 2016-02, Leases (as subsequently amended by ASU 2018-01, ASU 2018-11 and ASU 2018-20, collectively “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. Additionally, ASU 2018-20 provides certain narrow-scope improvements as it relates to lessors. 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. We will adopt ASC 842 on January 1, 2019 under the modified retrospective transition approach using the date of initial application as the effective date. Therefore, financial information and disclosures under ASC 842 will not be provided for periods prior to January 1, 2019. We will elect the ‘package of practical expedients’, which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. In addition, we will implement accounting policy elections to (i) not separate lease and non-lease components for both lessee and lessor relationships and (ii) not capitalize any leases with initial terms of less than twelve months on our balance sheet. Although our evaluation is ongoing, upon adoption of this ASU we expect to recognize right-of-use assets and lease liabilities, which primarily relate to a ground lease and railcar leases, of approximately $44 million to $49 million on our consolidated balance sheets. We do not expect this ASU to have a material impact on our results of operations or cash flows. 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. We are currently evaluating the impact of adopting this new guidance on our 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. We are currently evaluating the impact of adopting this new guidance on our consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities , which improves the financial reporting of hedging relationships to better represent the economic results of an entity’s risk management activities in its financial statements and make certain improvements to simplify the application of the hedge accounting guidance. The amendments will make more financial and nonfinancial hedging strategies eligible for hedge accounting, amend the presentation and disclosure requirements and change how entities assess effectiveness. Entities are required to apply the amendments as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period after adoption. This ASU will be effective for fiscal years beginning after December 15, 2018 and early adoption is permitted. We are currently evaluating the impact of adopting this new guidance on our consolidated financial statements. In June 2018, the FASB, issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accountin g to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments to employees, with certain exceptions. The new guidance expands the scope of ASC 718 to include share-based payments granted to nonemployees in exchange for goods or services used or consumed in an entity’s own operations and supersedes the guidance in ASC 505-50. The guidance is effective for public business entities in annual periods beginning after December 15, 2018, and interim periods within those annual periods, and early adoption is permitted. We are currently evaluating the impact of adopting this new guidance on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement

LEASING EQUIPMENT, NET (Tables)

LEASING EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
Summary of Leasing Equipment	Leasing equipment, net is summarized as follows: December 31, 2018 2017 Leasing equipment $ 1,672,156 $ 1,217,862 Less: Accumulated depreciation (239,946) (143,732) Leasing equipment, net $ 1,432,210 $ 1,074,130

FINANCE LEASES, NET (Tables)

FINANCE LEASES, NET (Tables)	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
Schedule of Capital Leases, Lessor Balance Sheet	Finance leases, net are summarized as follows: December 31, 2018 2017 Finance leases $ 28,476 $ 16,015 Unearned revenue (9,853) (6,771) Finance leases, net $ 18,623 $ 9,244
Schedule of Future Minimum Lease Payments for Capital Leases	As of December 31, 2018, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows: 2019 $ 8,231 2020 10,257 2021 2,008 2022 2,008 2023 5,972 Thereafter — Total $ 28,476

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net is summarized as follows: December 31, 2018 2017 Land, site improvements and rights $ 75,028 $ 74,268 Construction in progress (1) 253,239 100,420 Buildings and improvements 14,514 9,807 Terminal machinery and equipment 349,227 299,444 Proved oil and gas properties 20,099 — Track and track related assets 42,349 35,371 Railroad equipment 5,383 1,057 Railcars and locomotives 4,513 3,429 Computer hardware and software 3,806 3,105 Furniture and fixtures 572 544 Vehicles 1,636 1,480 770,366 528,925 Less: Accumulated depreciation (63,032) (40,605) Spare parts 1,519 1,629 Property, plant and equipment, net $ 708,853 $ 489,949 ______________________________________________________________________________________ (1) Includes unproved oil and gas properties of $59,930.
Depreciation	Depreciation expense for property, plant and equipment is summarized as follows: Year Ended December 31, 2018 2017 2016 Depreciation expense for property, plant and equipment $ 22,744 $ 15,181 $ 12,726

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following table presents the ownership interests and carrying values of our investments: Carrying Value Investment Ownership Percentage December 31, 2018 December 31, 2017 Advanced Engine Repair JV Equity method 25% $ 12,981 $ 13,724 JGP Energy Partners LLC Equity method 50% 25,461 24,920 Intermodal Finance I, Ltd. Equity method 51% 2,118 3,894 $ 40,560 $ 42,538
Equity Method Investments Financial Information	The tables below presents summarized financial information for our equity method investments, excluding Intermodal Finance I, Ltd: Balance Sheet December 31, 2018 December 31, 2017 Assets Cash and cash equivalents $ 7,870 $ 9,904 Prepaid expenses 433 1,181 Accounts receivable 905 1,282 Intangible asset 45,000 45,000 Property, plant and equipment 50,402 50,042 Total assets $ 104,610 $ 107,409 Liabilities Accounts payable and accrued liabilities $ 2,255 $ 2,736 Total liabilities 2,255 2,736 Equity Shareholders’ equity 112,326 110,520 Retained loss (9,971) (5,847) Total equity 102,355 104,673 Total liabilities and equity $ 104,610 $ 107,409 Year Ended December 31, Income Statement 2018 2017 2016 Revenue $ 8,209 $ 1,220 $ — Total Revenue 8,209 1,220 — Expenses Research and development cost 2,134 4,073 — Operating expense 6,945 1,291 37 General and administrative expenses 1,255 1,328 — Depreciation and amortization 2,105 336 — Total Expenses 12,439 7,028 37 Loss before income taxes (4,230) (5,808) (37) Provision for income taxes — — — Net loss $ (4,230) $ (5,808) $ (37) Company’s share of loss $ (1,317) $ (1,228) $ (16)

INTANGIBLE ASSETS AND LIABILI_2

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)	12 Months Ended
	Dec. 31, 2018
Intangible Assets and Liabilities Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets and Liabilities	Our intangible assets and liabilities, net are summarized as follows: December 31, 2018 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 48,143 $ — $ — $ 48,143 Less: Accumulated amortization (29,780) — — (29,780) Acquired favorable lease intangibles, net 18,363 — — 18,363 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (15,378) (210) (15,588) Acquired customer relationships, net — 20,135 15 20,150 Total intangible assets, net $ 18,363 $ 20,135 $ 15 $ 38,513 Intangible liabilities Acquired unfavorable lease intangibles $ 3,736 $ — $ — $ 3,736 Less: Accumulated amortization (2,114) — — (2,114) Acquired unfavorable lease intangibles, net $ 1,622 $ — $ — $ 1,622 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 Amortization of Intangibles	Amortization of intangible assets and liabilities is recorded as follows: Classification in Consolidated Statements of Operations Year Ended December 31, 2018 2017 2016 Lease intangibles Equipment leasing revenues $ 8,588 $ 4,716 $ 4,979 Customer relationships Depreciation and amortization 3,598 3,598 3,598 Total $ 12,186 $ 8,314 $ 8,577
Schedule of Net Annual Amortization of Intangibles	As of December 31, 2018, estimated net annual amortization of intangibles is as follows: 2019 $ 11,244 2020 8,746 2021 6,472 2022 4,438 2023 3,612 Thereafter 2,379 Total $ 36,891

DEBT, NET (Tables)

DEBT, NET (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Our debt, net is summarized as follows: December 31, 2018 December 31, 2017 Outstanding Borrowings Stated Interest Rate Maturity Date Outstanding Borrowings Loans payable FTAI Pride Credit Agreement (1) $ 47,743 LIBOR + 4.50% 9/15/2019 $ 53,993 CMQR Credit 22,265 (i) Adjusted LIBOR + 2.50% or 4.50%; or 9/18/2019 22,800 Jefferson Revolver ( 2 ) 49,805 (i) Base Rate + 1.50%; or 3/7/2021 — DRP Revolver ( 3 ) — (i) Base Rate + 1.50%; or (ii) Base Rate + 2.50% (Eurodollar) 11/5/2021 — Revolving Credit Facility ( 2 ) 100,000 (i) Base Rate + 2.00%; or 6/16/2021 — Total loans payable 219,813 76,793 Bonds payable Series 2012 Bonds ( 4 ) 42,797 8.25% 7/1/2032 44,404 Series 2016 Bonds ( 5 ) 144,200 7.25% 2/1/2036 144,200 Senior Notes due 2022 ( 6 ) 549,405 6.75% 3/15/2022 449,290 Senior Notes due 2025 ( 7 ) 295,642 6.50% 10/1/2025 — Total bonds payable 1,032,044 637,894 Debt 1,251,857 714,687 Less: Debt issuance costs (14,510) (11,423) Total debt, net $ 1,237,347 $ 703,264 Total debt due within one year $ 71,678 $ 7,795 ______________________________________________________________________________________ ( 1 ) Secured on a first priority basis by the offshore construction vessel and charter. ( 2 ) Requires a quarterly commitment fee at a rate of 0.50% on the average daily unused portion, as well as customary letter of credit fees and agency fees. ( 3 ) Requires a quarterly commitment fee at a rate of 0.875% on the average daily unused portion, as well as customary letter of credit fees and agency fees. ( 4 ) Includes unamortized premium of $1,577 and $1,639 as of December 31, 2018 and 2017, respectively. ( 5 ) These bonds have a stated maturity of February 1, 2036 but are subject to mandatory tender for purchase at par, by our subsidiary, on February 13, 2020 if they have not been repurchased from proceeds of a remarketing of the bonds or redeemed prior to such date. ( 6 ) Includes unamortized discount of $5,154 and $6,506, respectively, and an unamortized premium of $4,559 and $5,796, respectively, as of December 31, 2018 and 2017. ( 7 ) Includes unamortized discount of $4,358 and $0 as of December 31, 2018 and 2017, respectively.
Schedule of Maturities of Long-term Debt	As of December 31, 2018, scheduled principal repayments under our debt agreements for the next five years and thereafter are summarized as follows: 2019 2020 2021 2022 2023 Thereafter Total FTAI Pride Credit Agreement $ 47,743 $ — $ — $ — $ — $ — $ 47,743 CMQR Credit Agreement 22,265 — — — — — 22,265 Jefferson Revolver — — 49,805 — — — 49,805 DRP Revolver — — — — — — — Revolving Credit Facility — — 100,000 — — — 100,000 Series 2012 Bonds 1,670 1,810 1,960 2,120 2,295 31,365 41,220 Series 2016 Bonds — 144,200 — — — — 144,200 Senior Notes due 2022 — — — 550,000 — — 550,000 Senior Notes due 2025 — — — — — 300,000 300,000 Total principal payments on loans and bonds payable $ 71,678 $ 146,010 $ 151,765 $ 552,120 $ 2,295 $ 331,365 $ 1,255,233

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2018 December 31, 2018 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 99,601 $ 99,601 $ — $ — Market Restricted cash 21,236 21,236 — — Market Derivative assets 7,470 — — 7,470 Income Total assets $ 128,307 $ 120,837 $ — $ 7,470 Liabilities Derivative liabilities $ (925) $ — $ — $ (925) Income Total liabilities $ (925) $ — $ — $ (925) 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 Derivative assets 1,022 — — 1,022 Income Total $ 93,828 $ 92,806 $ — $ 1,022
Fair Value, by Balance Sheet Grouping	The fair value of our bonds and notes payable reported as debt, net in the Consolidated Balance Sheets are presented in the table below: December 31, 2018 December 31, 2017 Series 2012 Bonds (1) $ 42,633 $ 45,691 Series 2016 Bonds ( 1 ) 149,582 150,329 Senior Notes due 2022 551,144 449,290 Senior Notes due 2025 283,965 — ______________________________________________________________________________________ (1) Fair value is based upon market prices for similar municipal securities.

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Year Ended December 31, 2018 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Equipment leasing revenues Lease income $ 151,531 $ 5,659 $ — $ — $ — $ — $ — $ 157,190 Maintenance revenue 89,870 — — — — — — 89,870 Finance lease income 1,895 1,454 — — — — — 3,349 Other revenue 974 1,606 50 — — — — 2,630 Total equipment leasing revenues 244,270 8,719 50 — — — — 253,039 Infrastructure revenues Lease income — — — 272 — 1,462 — 1,734 Rail revenues — — — — 38,410 — — 38,410 Terminal services revenues — — — 10,108 — — — 10,108 Other revenue — — — 60,605 — 15,982 — 76,587 Total infrastructure revenues — — — 70,985 38,410 17,444 — 126,839 Total revenues $ 244,270 $ 8,719 $ 50 $ 70,985 $ 38,410 $ 17,444 $ — $ 379,878 Year Ended December 31, 2017 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Equipment leasing revenues Lease income $ 91,103 $ 8,433 $ — $ — $ — $ — $ — $ 99,536 Maintenance revenue 65,651 — — — — — — 65,651 Finance lease income — 1,536 — — — — — 1,536 Other revenue 39 3,138 100 — — — — 3,277 Total equipment leasing revenues 156,793 13,107 100 — — — — 170,000 Infrastructure revenues Lease income — — — — — 1,111 — 1,111 Rail revenues — — — — 32,607 — — 32,607 Terminal services revenues — — — 10,229 — — — 10,229 Other revenue — — — — — 3,712 — 3,712 Total infrastructure revenues — — — 10,229 32,607 4,823 — 47,659 Total revenues $ 156,793 $ 13,107 $ 100 $ 10,229 $ 32,607 $ 4,823 $ — $ 217,659 Year Ended December 31, 2016 Equipment Leasing Infrastructure Revenues Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Equipment leasing revenues Lease income $ 66,024 $ 3,712 $ — $ — $ — $ — $ — $ 69,736 Maintenance revenue 28,697 — — — — — — 28,697 Finance lease income — 1,610 1,113 — — — — 2,723 Other revenue 687 6 100 — — — — 793 Total equipment leasing revenues 95,408 5,328 1,213 — — — — 101,949 Infrastructure revenues Lease income — — — — — 32 — 32 Rail revenues — — — — 30,837 — — 30,837 Terminal services revenues — — — 15,902 — — — 15,902 Total infrastructure revenues — — — 15,902 30,837 32 — 46,771 Total revenues $ 95,408 $ 5,328 $ 1,213 $ 15,902 $ 30,837 $ 32 $ — $ 148,720
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 December 31, 2018: 2019 $ 157,470 2020 102,337 2021 68,473 2022 43,484 2023 27,813 Thereafter 14,843 Total $ 414,420

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 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 (income) related to our stock-based compensation arrangements: Year Ended December 31, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met 2018 2017 2016 Stock Options $ 9 $ — $ — $ — Restricted Shares 359 318 (4,051) 642 Common Units 533 1,025 379 774 Total $ 901 $ 1,343 $ (3,672) $ 1,416 The following tables present information for our stock options, restricted shares and common units: Stock Options Restricted Shares Common Units Options Weighted Average Exercise Price Shares Weighted Average Exercise Price Units Weighted Average Exercise Price Outstanding as of 15,000 $ 16.98 70,721 $ 19.06 572,525 $ 1.42 Granted 836,342 18.22 — N/A 670,000 1.00 Less: exercised / vested — N/A 20,955 17.14 232,927 1.33 Less: forfeited and canceled — N/A — N/A — N/A Outstanding as of 851,342 49,766 1,009,598 Stock Options Restricted Shares Common Units As of December 31, 2018: Weighted average exercise price (per share) $ 18.20 $ 16.92 $ 1.15 Aggregate intrinsic value (in thousands) $ — $ 842 $ 1,163 Weighted average remaining contractual term (in years) 9.1 1.2 1.0
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following table presents the assumptions used in valuing the options for the equity offerings in January 2018 and December 2018: January December Expected volatility The expected stock volatility is based on an assessment of the volatility of our publicly traded common shares 27.73 % 18.71 % 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. 2.52 % 2.98 % Expected dividend yield The expected dividend yield is based on management’s current expected dividend rate. 5.45 % 6.81 % Expected term Expected term used represents the period of time the options granted are expected to be outstanding. 10 years 10 years

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 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: Year Ended December 31, 2018 2017 2016 Current: Federal $ 75 $ 1,551 $ 355 State and local 250 145 112 Foreign 63 76 (176) Total current provision 388 1,772 291 Deferred: Federal 1,528 215 (50) State and local 621 5 6 Foreign (1,165) (38) 21 Total deferred provision 984 182 (23) Total provision for income taxes $ 1,372 $ 1,954 $ 268
Schedule of Effective Income Tax Rate Reconciliation	The difference between our reported provision for income taxes and the U.S. federal statutory rate of 21% is as follows: Year Ended December 31, 2018 2017 2016 U.S. federal tax at statutory rate 21.0 % 35.0 % 35.0 % Income not subject to tax at statutory rate 121.9 % 98.2 % 7.9 % State and local taxes (6.1) % (0.5) % (0.2) % Foreign taxes 7.7 % (0.2) % 0.9 % Branch profit tax (0.5) % (2.6) % (0.3) % Change in tax rates — % (6.9) % — % Other (0.2) % 1.0 % (0.4) % Change in valuation allowance (153.3) % (133.2) % (43.6) % Provision for income taxes (9.5) % (9.2) % (0.7) %
Schedule of Deferred Tax Assets and Liabilities	Significant components of our deferred tax assets and liabilities are as follows: December 31, 2018 2017 Deferred tax assets: Net operating loss carryforwards $ 64,034 $ 46,564 Accrued expenses 1,241 1,684 Deferred revenue 132 — Interest expense 19,380 9,727 Other 1,101 202 Total deferred tax assets 85,888 58,177 Less valuation allowance (68,294) (45,624) Net deferred tax assets 17,594 12,553 Deferred tax liabilities: Fixed assets and goodwill (19,117) (13,104) Net deferred tax liabilities $ (1,523) $ (551)
Summary of Valuation Allowance	A summary of the changes in the valuation allowance is as follows: December 31, 2018 2017 Valuation allowance at beginning of period $ 45,624 $ 42,270 Change due to current year losses and releases 22,670 27,549 Decrease due to change in tax rates — (24,195) Valuation allowance at end of period $ 68,294 $ 45,624

MANAGEMENT AGREEMENT AND AFFI_2

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Management fees, income incentive allocation and capital gains incentive allocation	The following table summarizes the management fees, income incentive allocation and capital gains incentive allocation: Year Ended December 31, 2018 2017 2016 Management fees $ 15,319 $ 15,218 $ 16,742 Income incentive allocation — — — Capital gains incentive allocation 407 514 —
Reimbursement to Manager	The following table summarizes our reimbursements to the Manager: Year Ended December 31, 2018 2017 2016 Classification in the Consolidated Statements of Operations: General and administrative expenses $ 9,910 $ 8,064 $ 7,301 Acquisition and transaction expenses 6,653 6,295 4,783 Total $ 16,563 $ 14,359 $ 12,084
Amounts due to the Manager, which are included within accounts payable and accrued liabilities in the Consolidated Balance Sheets	The following table summarizes amounts due to the Manager, which are included within accounts payable and accrued liabilities in the Consolidated Balance Sheets: December 31, 2018 2017 Accrued management fees $ 1,263 $ 1,228 Other payables 3,965 2,073
Non-controlling interest share of net loss	The following table presents the amount of this non-controlling interest share of net loss: Year Ended December 31, 2018 2017 2016 Non-controlling interest share of net loss $ 13,436 $ 8,662 $ 7,647

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Year ended December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 244,270 $ 8,719 $ 50 $ — $ — $ — $ — $ 253,039 Infrastructure revenues — — — 70,985 38,410 17,444 — 126,839 Total revenues 244,270 8,719 50 70,985 38,410 17,444 — 379,878 Expenses Operating expenses 9,149 13,697 — 94,622 31,734 18,312 — 167,514 General and administrative — — — — — — 17,126 17,126 Acquisition and transaction expenses 315 — — — — — 6,653 6,968 Management fees and incentive allocation to affiliate — — — — — — 15,726 15,726 Depreciation and amortization 102,419 6,481 — 19,745 2,570 5,139 — 136,354 Interest expense — 3,687 — 15,513 1,009 649 36,996 57,854 Total expenses 111,883 23,865 — 129,880 35,313 24,100 76,501 401,542 Other income (expense) Equity in (losses) earnings of unconsolidated entities (743) — 309 (574) — — — (1,008) Gain on sale of assets 3,911 — — — — — — 3,911 Interest income 202 16 — 270 — — — 488 Other income (expense) — — — 3,983 (42) — — 3,941 Total other income (expense) 3,370 16 309 3,679 (42) — — 7,332 Income (loss) before income taxes 135,757 (15,130) 359 (55,216) 3,055 (6,656) (76,501) (14,332) Provision (benefit) for income taxes 2,280 1 (94) 261 (1,077) 1 — 1,372 Net income (loss) 133,477 (15,131) 453 (55,477) 4,132 (6,657) (76,501) (15,704) Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries (24) — — (21,801) 339 (100) — (21,586) Net income (loss) attributable to shareholders $ 133,501 $ (15,131) $ 453 $ (33,676) $ 3,793 $ (6,557) $ (76,501) $ 5,882
Schedule of Segment Reporting Information, by Segment	Year Ended December 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 156,793 $ 13,107 $ 100 $ — $ — $ — $ — $ 170,000 Infrastructure revenues — — — 10,229 32,607 4,823 — 47,659 Total revenues 156,793 13,107 100 10,229 32,607 4,823 — 217,659 Expenses Operating expenses 6,247 15,833 9 31,213 29,966 9,117 — 92,385 General and administrative — — — — — — 14,570 14,570 Acquisition and transaction expenses 441 — — — — — 6,865 7,306 Management fees and incentive allocation to affiliate — — — — — — 15,732 15,732 Depreciation and amortization 61,795 6,427 — 16,193 2,037 1,658 — 88,110 Interest expense — 3,670 — 13,568 1,029 1,088 19,472 38,827 Total expenses 68,483 25,930 9 60,974 33,032 11,863 56,639 256,930 Other income (expense) Equity in losses of unconsolidated entities (1,276) — (4) (321) — — — (1,601) Gain (loss) on sale of assets 7,188 11,405 — — (312) — — 18,281 Loss on extinguishment of debt — — — — — — (2,456) (2,456) Interest income 297 15 — 376 — — — 688 Other income — 1,093 — 1,980 — — — 3,073 Total other income (expense) 6,209 12,513 (4) 2,035 (312) — (2,456) 17,985 Income (loss) before income taxes 94,519 (310) 87 (48,710) (737) (7,040) (59,095) (21,286) Provision (benefit) for income taxes 1,966 11 (65) 42 — — — 1,954 Net income (loss) 92,553 (321) 152 (48,752) (737) (7,040) (59,095) (23,240) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries 697 (526) — (22,991) (70) (484) — (23,374) Net income (loss) attributable to shareholders $ 91,856 $ 205 $ 152 $ (25,761) $ (667) $ (6,556) $ (59,095) $ 134
Schedule of Segment Reporting Information, by Segment	Year Ended December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Equipment leasing revenues $ 95,408 $ 5,328 $ 1,213 $ — $ — $ — $ — $ 101,949 Infrastructure revenues — — — 15,902 30,837 32 — 46,771 Total revenues 95,408 5,328 1,213 15,902 30,837 32 — 148,720 Expenses Operating expenses 4,609 11,014 43 21,886 27,975 628 14 66,169 General and administrative — — — — — — 12,314 12,314 Acquisition and transaction expenses 80 — — 400 — — 5,836 6,316 Management fees and incentive allocation to affiliate — — — — — — 16,742 16,742 Depreciation and amortization 36,369 6,411 — 15,500 1,926 4 — 60,210 Interest expense — 3,747 410 13,501 754 545 — 18,957 Total expenses 41,058 21,172 453 51,287 30,655 1,177 34,906 180,708 Other income (expense) Equity in losses of unconsolidated entities — — (5,974) (18) — — — (5,992) Gain on sale of assets 5,214 — 304 — 423 — — 5,941 Loss on extinguishment of debt — — — (1,579) — — — (1,579) Asset impairment — (7,450) — — — — — (7,450) Interest income (expense) 142 13 — (19) — — — 136 Other income — — — 602 — — — 602 Total other income (expense) 5,356 (7,437) (5,670) (1,014) 423 — — (8,342) Income (loss) before income taxes 59,706 (23,281) (4,910) (36,399) 605 (1,145) (34,906) (40,330) Provision (benefit) for income taxes 267 — (86) 74 — 13 — 268 Net income (loss) 59,439 (23,281) (4,824) (36,473) 605 (1,158) (34,906) (40,598) Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries 435 (4,368) — (16,456) 23 (157) (11) (20,534) Net income (loss) attributable to shareholders $ 59,004 $ (18,913) $ (4,824) $ (20,017) $ 582 $ (1,001) $ (34,895) $ (20,064)
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: Year ended December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 135,428 $ (15,137) $ 171 $ (37,674) $ 2,986 $ (6,214) $ (69,432) $ 10,128 Add: Non-controlling share of adjustments to Adjusted Net Income (1,030) Add: Equity in losses of unconsolidated entities (1,008) Add: Cash payments for income taxes 721 Less: Incentive allocations (407) Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities 1,196 Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments 5,523 Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (6,968) Less: Equity-based compensation (901) Less: Provision for income taxes (1,372) Net income attributable to shareholders $ 5,882
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: Year Ended December 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 92,637 $ 216 $ 87 $ (27,016) $ 19 $ (6,257) $ (49,285) $ 10,401 Add: Non-controlling share of adjustments to Adjusted Net Income 558 Add: Equity in losses of unconsolidated entities (1,601) Add: Cash payments for income taxes 1,726 Less: Incentive allocations (514) Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities 1,601 Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments 1,022 Less: Losses on the modification or extinguishment of debt and capital lease obligations (2,456) Less: Acquisition and transaction expenses (7,306) Less: Equity-based compensation income (1,343) Less: Provision for income taxes (1,954) Net income attributable to shareholders $ 134
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: Year Ended December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Adjusted Net Income (Loss) $ 58,768 $ (15,188) $ (1,838) $ (21,249) $ 941 $ (993) $ (29,073) $ (8,632) Add: Non-controlling share of adjustments to Adjusted Net Income 2,945 Add: Equity in losses of unconsolidated entities (5,992) Add: Cash payments for income taxes 654 Less: Incentive allocations — Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities 2,905 Less: Asset impairment charges (7,450) Less: Changes in fair value of non-hedge derivative instruments (3) Less: Losses on the modification or extinguishment of debt and capital lease obligations (1,579) Less: Acquisition and transaction expenses (6,316) Less: Equity-based compensation expense 3,672 Less: Provision for income taxes (268) Net loss attributable to shareholders $ (20,064)
Revenue from External Customers by Geographic Areas	Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year ended December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Africa $ 10,053 $ — $ — $ — $ — $ — $ — $ 10,053 Asia 78,374 7,265 50 — — — — 85,689 Europe 121,546 — — — — — — 121,546 North America 30,701 1,454 — 70,985 38,410 17,444 — 158,994 South America 3,596 — — — — — — 3,596 Total revenues $ 244,270 $ 8,719 $ 50 $ 70,985 $ 38,410 $ 17,444 $ — $ 379,878
Revenue from External Customers by Geographic Areas	Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2017 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Africa $ 9,993 $ — $ — $ — $ — $ — $ — $ 9,993 Asia 45,794 5,974 100 — — — — 51,868 Europe 84,023 5,597 — — — — — 89,620 North America 16,278 1,536 — 10,229 32,607 4,823 — 65,473 South America 705 — — — — — — 705 Total revenues $ 156,793 $ 13,107 $ 100 $ 10,229 $ 32,607 $ 4,823 $ — $ 217,659
Revenue from External Customers by Geographic Areas	Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2016 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Revenues Africa $ 12,344 $ — $ — $ — $ — $ — $ — $ 12,344 Asia 42,999 3,470 885 — — — — 47,354 Europe 30,508 248 — — — — — 30,756 North America 8,184 1,610 328 15,902 30,837 32 — 56,893 South America 1,373 — — — — — — 1,373 Total revenues $ 95,408 $ 5,328 $ 1,213 $ 15,902 $ 30,837 $ 32 $ — $ 148,720
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment and leasing equipment, net: December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 1,367,074 $ 192,729 $ 2,360 $ 670,682 $ 64,286 $ 277,160 $ 64,487 $ 2,638,778 Debt, net — 47,570 — 234,862 22,239 — 932,676 1,237,347 Total liabilities 234,449 51,125 6 288,256 37,207 16,615 957,338 1,584,996 Non-controlling interests in equity of consolidated subsidiaries — — — 52,058 3,258 544 523 56,383 Total equity 1,132,625 141,604 2,354 382,426 27,079 260,545 (892,851) 1,053,782 Total liabilities and equity $ 1,367,074 $ 192,729 $ 2,360 $ 670,682 $ 64,286 $ 277,160 $ 64,487 $ 2,638,778 December 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 $ 47,353 $ — $ — $ — $ — $ — $ — $ 47,353 Asia 383,648 34,667 — — — — — 418,315 Europe 592,670 121,950 — — — — — 714,620 North America 177,962 — — 433,404 51,157 263,747 — 926,270 South America 34,505 — — — — — — 34,505 Total property, plant and equipment and leasing equipment, net $ 1,236,138 $ 156,617 $ — $ 433,404 $ 51,157 $ 263,747 $ — $ 2,141,063 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 property, plant and equipment and leasing equipment, net $ 870,491 $ 163,072 $ — $ 371,687 $ 40,512 $ 118,317 $ — $ 1,564,079
Long-lived Assets by Geographic Areas	The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment and leasing equipment, net: December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal Railroad Ports and Terminals Corporate Total Total assets $ 1,367,074 $ 192,729 $ 2,360 $ 670,682 $ 64,286 $ 277,160 $ 64,487 $ 2,638,778 Debt, net — 47,570 — 234,862 22,239 — 932,676 1,237,347 Total liabilities 234,449 51,125 6 288,256 37,207 16,615 957,338 1,584,996 Non-controlling interests in equity of consolidated subsidiaries — — — 52,058 3,258 544 523 56,383 Total equity 1,132,625 141,604 2,354 382,426 27,079 260,545 (892,851) 1,053,782 Total liabilities and equity $ 1,367,074 $ 192,729 $ 2,360 $ 670,682 $ 64,286 $ 277,160 $ 64,487 $ 2,638,778 December 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 $ 47,353 $ — $ — $ — $ — $ — $ — $ 47,353 Asia 383,648 34,667 — — — — — 418,315 Europe 592,670 121,950 — — — — — 714,620 North America 177,962 — — 433,404 51,157 263,747 — 926,270 South America 34,505 — — — — — — 34,505 Total property, plant and equipment and leasing equipment, net $ 1,236,138 $ 156,617 $ — $ 433,404 $ 51,157 $ 263,747 $ — $ 2,141,063 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 property, plant and equipment and leasing equipment, net $ 870,491 $ 163,072 $ — $ 371,687 $ 40,512 $ 118,317 $ — $ 1,564,079

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculation of basic and diluted EPS is presented below. Year Ended December 31, (in thousands, except share and per share data) 2018 2017 2016 Net income (loss) attributable to shareholders $ 5,882 $ 134 $ (20,064) Weighted Average Shares Outstanding - Basic 83,654,068 75,766,811 75,738,698 Weighted Average Shares Outstanding - Diluted 83,664,833 75,766,811 75,738,698 Basic EPS $ 0.07 $ — $ (0.26) Diluted EPS $ 0.07 $ — $ (0.26)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Rent Expense	Several of our subsidiaries are lessees under various operating and capital leases. Total rent expense for operating leases was as follows: Year Ended December 31, 2018 2017 2016 Rent expense $ 4,157 $ 4,979 $ 4,953
Schedule of Future Minimum Rental Payments for Operating Leases	As of December 31, 2018, minimum future rental payments under operating and capital leases are as follows: 2019 $ 9,360 2020 5,590 2021 4,122 2022 3,431 2023 2,724 Thereafter 95,202 Total $ 120,429

QUARTERLY FINANCIAL INFORMATI_2

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following table presents unaudited summary information for our quarterly operations. 2018 Quarter Ended Year Ended December 31 (in thousands except share and per share data) March 31 June 30 September 30 December 31 Total revenues $ 68,844 $ 71,979 $ 101,155 $ 137,900 $ 379,878 Total expenses 78,128 83,870 100,549 138,995 401,542 Total other income 446 5,976 668 242 7,332 (Loss) income before income taxes (8,838) (5,915) 1,274 (853) (14,332) Provision for (benefit from) income taxes 495 534 551 (208) 1,372 Net (loss) income (9,333) (6,449) 723 (645) (15,704) Net loss attributable to non-controlling interests in consolidated subsidiaries (8,761) (7,288) (3,855) (1,682) (21,586) Net (loss) income attributable to shareholders $ (572) $ 839 $ 4,578 $ 1,037 $ 5,882 (Loss) earnings per share: Basic $ (0.01) $ 0.01 $ 0.05 $ 0.01 $ 0.07 Diluted $ (0.01) $ 0.01 $ 0.05 $ 0.01 $ 0.07 Weighted Average Shares Outstanding: Basic 81,534,454 83,160,037 84,708,071 85,065,125 83,654,068 Diluted 81,534,454 83,160,047 84,709,656 85,068,966 83,664,833 2017 Quarter Ended Year Ended December 31 (in thousands except share and per share data) March 31 June 30 September 30 December 31 (1) Total revenues $ 44,673 $ 51,194 $ 60,362 $ 61,430 $ 217,659 Total expenses 52,264 58,315 66,328 80,023 256,930 Total other (expense) income (1,409) 1,776 5,204 12,414 17,985 Loss before income taxes (9,000) (5,345) (762) (6,179) (21,286) Provision for income taxes 212 464 909 369 1,954 Net loss (9,212) (5,809) (1,671) (6,548) (23,240) Net loss attributable to non-controlling interests in consolidated subsidiaries (4,798) (4,349) (4,669) (9,558) (23,374) Net (loss) income attributable to shareholders $ (4,414) $ (1,460) $ 2,998 $ 3,010 $ 134 (Loss) earnings per share: Basic $ (0.06) $ (0.02) $ 0.04 $ 0.04 $ — Diluted $ (0.06) $ (0.02) $ 0.04 $ 0.04 $ — Weighted Average Shares Outstanding: Basic 75,762,283 75,762,674 75,770,529 75,771,738 75,766,811 Diluted 75,762,283 75,762,674 75,770,665 75,772,867 75,766,811 _____________________________________________________ (1) Results of operations for the three months ended December 31, 2017 include a $5.9 million out of period adjustment to interest expense, which relates to interest previously capitalized that should have been expensed ratably during the first nine months of 2017. The impact of the out of period adjustment for the three months ended December 31, 2017, was a decrease of $3.6 million to net (loss) income attributed to shareholders. We do not believe this out of period adjustment is material to our financial position, or results of operations for any prior periods.

ORGANIZATION (Details)

ORGANIZATION (Details)	Jun. 15, 2015shares	May 20, 2015$ / sharesshares	May 31, 2015shares	Dec. 31, 2018number_of_segment	Dec. 31, 2014
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Number of reportable segments | number_of_segment				6
Number of primary businesses | number_of_segment				2
Shares issued (in shares)			53,502,873
Fortress Worldwide Transportation and Infrastructure Investors LP
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Ownership interest					89.97%
Fortress Worldwide Transportation and Infrastructure Offshore LP
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Ownership interest					9.98%
Fortress Worldwide Transportation and Infrastructure Master GP LLP
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
General partner, ownership interest					0.05%
IPO
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Shares issued (in shares)		20,000,000
Shares issued, price per share (in dollars per share) | $ / shares		$ 17
Over-Allotment Option
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Shares issued (in shares)	2,200,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, a in Thousands, MMBbls in Millions	Jul. 01, 2016USD ($)	Dec. 31, 2018USD ($)$ / sharesMMBbls	Sep. 30, 2017USD ($)	Sep. 30, 2016	Jun. 30, 2016USD ($)	Dec. 31, 2018USD ($)MMBbls	Dec. 31, 2017USD ($)$ / shares	Dec. 31, 2016USD ($)	Dec. 31, 2014USD ($)	Jan. 01, 2019USD ($)	Apr. 30, 2018a
Variable Interest Entities [Abstract]
Gain (loss) on extinguishment of debt						$ 0	$ (2,456,000)	$ (1,579,000)
Ownership of other party, percentage	10.00%
Carrying value of investment		$ 40,560,000				40,560,000	42,538,000
Realized gain on sale of available for sale securities							11,400,000
Interest paid, capitalized						10,700,000	2,600,000	2,700,000
Cost of property repairs and maintenance						8,700,000	5,000,000	3,700,000
Goodwill		$ 116,584,000				$ 116,584,000	116,584,000
Number of barrels for storage capacity | MMBbls		21.7				21.7
Barrels for storage capacity in operation | MMBbls		2.1				2.1
Storage capacity In operation percentage		10.00%				10.00%
Goodwill, impairment loss						$ 0	0	0
Debt issuance cost		$ 14,510,000				14,510,000	11,423,000
Amortization						5,400,000	4,200,000	2,600,000
Provision for doubtful accounts		$ 1,100,000				1,100,000	1,000,000
Bad debt expense						1,771,000	$ 701,000	158,000
Common stock dividends declared (in dollars per share) | $ / shares		$ 0.33					$ 1.32
Increase (decrease) in cash used investing activities						(703,533,000)	$ (472,265,000)	(210,749,000)
Net cash provided by (used in) financing activities						597,867,000	363,078,000	$ (89,971,000)
Other Assets
Variable Interest Entities [Abstract]
Inventory, crude oil		$ 10,400,000				10,400,000	8,900,000
Leasing equipment, purchase deposits		10,200,000				10,200,000	12,300,000
Lease incentive receivable		51,000,000				51,000,000	23,800,000
Prepaid expense		8,200,000				8,200,000	4,100,000
Capitalized costs, potential asset acquisitions		$ 7,500,000				$ 7,500,000	$ 1,000,000
Customer Group One | Customer Concentration Risk | Sales Revenue, Segment
Variable Interest Entities [Abstract]
Concentration risk percentage						16.00%	10.00%
Major Accounts Receivable Customer, Customer One | Customer Concentration Risk | Accounts Receivable
Variable Interest Entities [Abstract]
Concentration risk percentage						17.00%	17.00%
Major Accounts Receivable Customer, Customer Two | Customer Concentration Risk | Accounts Receivable
Variable Interest Entities [Abstract]
Concentration risk percentage						15.00%	10.00%
Subsidiaries | Co-venturer
Variable Interest Entities [Abstract]
Subsidiary loan to VIE partner for equity contribution									$ 3,700,000
Delaware River Partners LLC
Variable Interest Entities [Abstract]
Ownership of other party, percentage	2.00%
Delaware River Partners LLC | Co-venturer
Variable Interest Entities [Abstract]
Contribution amount, investment	$ 600,000
Noncontrolling Party
Variable Interest Entities [Abstract]
Ownership of other party, percentage	8.00%
Ohio Gasco
Variable Interest Entities [Abstract]
Ownership percentage											40.00%
Acres purchased | a											21
Variable Interest Entity, Primary Beneficiary | Subsidiaries
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage									50.00%
Variable Interest Entity, Primary Beneficiary | MT6015
Variable Interest Entities [Abstract]
Vessel purchase commitment									$ 75,000,000
Impairment charges on investments					$ 7,500,000
Variable Interest Entity, Primary Beneficiary | Delaware River Partners LLC
Variable Interest Entities [Abstract]
Ownership percentage		90.00%				90.00%
JGP Energy Partners LLC
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage				50.00%
Ownership of other party, percentage				50.00%
Equity method investment contribution amount			$ 54,000,000
Carrying value of investment		$ 25,461,000				$ 25,461,000	$ 24,920,000
Ownership percentage								50.00%
JGP Energy Partners LLC | FIG
Variable Interest Entities [Abstract]
Equity method investment contribution amount			$ 27,000,000
Repauno
Variable Interest Entities [Abstract]
Payment obligation, noncontrolling interest	$ 5,300,000
Drydockings | Minimum
Variable Interest Entities [Abstract]
Useful life, property plant and equipment						30 months
Drydockings | Maximum
Variable Interest Entities [Abstract]
Useful life, property plant and equipment						60 months
Acquired Leases
Variable Interest Entities [Abstract]
Useful life, intangibles						33 months
Customer relationships | Minimum
Variable Interest Entities [Abstract]
Useful life, intangibles						5 years
Customer relationships | Maximum
Variable Interest Entities [Abstract]
Useful life, intangibles						10 years
Weighted average amortization period						68 months
Note payable to non-controlling interest
Variable Interest Entities [Abstract]
Repayments of debt							100,000,000	$ 98,800,000
Gain (loss) on extinguishment of debt							(2,500,000)	(1,600,000)
Note payable to non-controlling interest | Note payable to non-controlling interest
Variable Interest Entities [Abstract]
Repayments of debt							3,700,000
Gain (loss) on extinguishment of debt							1,100,000
Measurement Input, Discount Rate | Valuation Technique, Discounted Cash Flow [Member]
Variable Interest Entities [Abstract]
Alternative investment, measurement input		0.14				0.14
Measurement Input, Growth Rate | Valuation Technique, Discounted Cash Flow [Member]
Variable Interest Entities [Abstract]
Alternative investment, measurement input		0.03				0.03
Previously Reported
Variable Interest Entities [Abstract]
Increase (decrease) in cash used investing activities							(440,230,000)	(213,098,000)
Net cash provided by (used in) financing activities							363,078,000	(131,453,000)
Restatement Adjustment | Accounting Standards Update 2016-18
Variable Interest Entities [Abstract]
Increase (decrease) in cash used investing activities							(32,035,000)	2,349,000
Net cash provided by (used in) financing activities							$ 0	$ 41,482,000
Subsequent Event | Accounting Standards Update 2016-02 | Minimum
Variable Interest Entities [Abstract]
Operating Lease, Right-of-Use Asset										$ 44,000,000
Subsequent Event | Accounting Standards Update 2016-02 | Maximum
Variable Interest Entities [Abstract]
Operating Lease, Right-of-Use Asset										$ 49,000,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Useful Lives) (Details)	12 Months Ended
	Dec. 31, 2018
Aircraft
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	25 years
Aircraft engines | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	2 years
Aircraft engines | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	6 years
Offshore energy vessels
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	25 years
Railcars and locomotives | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	40 years
Railcars and locomotives | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	50 years
Track and track related assets | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	15 years
Track and track related assets | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	50 years
Buildings and site improvements | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	20 years
Buildings and site improvements | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	30 years
Railroad equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	3 years
Railroad equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	15 years
Crude oil terminal machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	15 years
Crude oil terminal machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	25 years
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	5 years
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	7 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	3 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	6 years
Computer hardware and software | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	3 years
Computer hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	5 years

LEASING EQUIPMENT, NET (Details

LEASING EQUIPMENT, NET (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)commercial_jet_enginesaircraft	Dec. 31, 2017USD ($)commercial_jet_enginesaircraft	Dec. 31, 2016USD ($)
Leases [Abstract]
Leasing equipment	$ 1,672,156	$ 1,217,862
Less: Accumulated depreciation	(239,946)	(143,732)
Leasing equipment, net	$ 1,432,210	$ 1,074,130
Number of aircraft acquired | aircraft	29	25
Commercial jet engines acquired | commercial_jet_engines	34	58
Number of airfcraft sold	1	3
Commercial jet engines sold | commercial_jet_engines	13	14
Gain on disposition of assets	$ 3,911	$ 7,188	$ 5,200
Depreciation	$ 110,012	$ 69,331	$ 43,886

FINANCE LEASES, NET - Summary (

FINANCE LEASES, NET - Summary (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016shipping_contrainer	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Leases [Abstract]
Finance leases		$ 28,476	$ 16,015
Unearned revenue		(9,853)	(6,771)
Finance leases, net		$ 18,623	$ 9,244
Number of shipping containers that were subject to direct finance leases for a modest gain. | shipping_contrainer	42,000

FINANCE LEASES, NET - Future Mi

FINANCE LEASES, NET - Future Minimum Payments Receivable (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2,019	$ 8,231
2,020	10,257
2,021	2,008
2,022	2,008
2,023	5,972
Thereafter	0
Total	$ 28,476

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 770,366	$ 528,925
Less: Accumulated depreciation	(63,032)	(40,605)
Property, plant and equipment, net	708,853	489,949
Land, site improvements and rights
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	75,028	74,268
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	253,239	100,420
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	14,514	9,807
Terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	349,227	299,444
Proved oil and gas properties
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	20,099
Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	42,349	35,371
Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,383	1,057
Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,513	3,429
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,806	3,105
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	572	544
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,636	1,480
Spare parts
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,519	$ 1,629
Unproved Oil and Gas Properties
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 59,930

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, NET - Additional Information (Details) - USD ($) $ in Thousands	Jun. 16, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired		$ 241,300	$ 152,300
Depreciation expense		$ 22,744	$ 15,181	$ 12,726
Hannibal
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired	$ 30,000
Acquisition costs	$ 2,300

INVESTMENTS (Ownership Carrying

INVESTMENTS (Ownership Carrying Values) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 40,560	$ 42,538
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%		25.00%
Carrying value of investment	$ 12,981	13,724	$ 15,000
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage			50.00%
Carrying value of investment	$ 25,461	24,920
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	51.00%
Carrying value of investment	$ 2,118	$ 3,894

INVESTMENTS (Narrative) (Detail

INVESTMENTS (Narrative) (Details) shipping_contrainer in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)shipping_contrainernumber_of_customer	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 40,560	$ 42,538
Equity in (losses) earnings of unconsolidated entities	(1,008)	(1,601)	$ (5,992)
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 12,981	13,724	$ 15,000
Ownership percentage	25.00%		25.00%
Equity in (losses) earnings of unconsolidated entities	$ 700	1,300	$ 0
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	25,461	24,920
Ownership percentage			50.00%
Equity in (losses) earnings of unconsolidated entities	600	300	$ 0
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 2,118	3,894
Ownership percentage	51.00%
Equity in (losses) earnings of unconsolidated entities	$ 300	$ (200)	(6,000)
Number of customers | number_of_customer	2
Impairment charges			6,000
Equity investment, temporary impairment			$ 3,100
Containers | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Number of shipping containers | shipping_contrainer	3
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_contrainer	5
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%

INVESTMENTS (Equity Method Inve

INVESTMENTS (Equity Method Investment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Total Expenses	$ 12,439	$ 7,028	$ 37
Loss before income taxes	(4,230)	(5,808)	(37)
Net loss	(4,230)	(5,808)	(37)
Company’s share of loss	(1,008)	(1,601)	(5,992)
Advanced and JPG
Assets
Cash and cash equivalents	7,870	9,904
Prepaid expenses	433	1,181
Accounts receivable	905	1,282
Intangible asset	45,000	45,000
Property, plants and equipment	50,402	50,042
Total assets	104,610	107,409
Liabilities
Accounts payable and accrued liabilities	2,255	2,736
Total liabilities	2,255	2,736
Equity
Shareholders’ equity	112,326	110,520
Retained earnings	(9,971)	(5,847)
Total equity	102,355	104,673
Total liabilities and equity	104,610	107,409
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Revenue	8,209	1,220	0
Research and development cost	2,134	4,073	0
Operating expense	6,945	1,291	37
General and administrative expenses	1,255	1,328	0
Depreciation and amortization	2,105	336	0
Provision for income taxes	0	0	0
Company’s share of loss	$ (1,317)	$ (1,228)	$ (16)

INTANGIBLE ASSETS AND LIABILI_3

INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Intangible assets:
Total intangible assets, net	$ 38,513	$ 40,043
Intangible liabilities:
Acquired unfavorable lease intangibles	3,736	2,732
Less: Accumulated amortization	(2,114)	(1,374)
Acquired unfavorable lease intangibles, net	1,622	1,358
Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	48,143	36,747
Accumulated amortization	(29,780)	(20,452)
Total	18,363	16,295
Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,738	35,738
Accumulated amortization	(15,588)	(11,990)
Total	20,150	23,748
Aviation Leasing
Intangible assets:
Total intangible assets, net	18,363	16,295
Intangible liabilities:
Acquired unfavorable lease intangibles	3,736	2,732
Less: Accumulated amortization	(2,114)	(1,374)
Acquired unfavorable lease intangibles, net	1,622	1,358
Aviation Leasing | Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	48,143	36,747
Accumulated amortization	(29,780)	(20,452)
Total	18,363	16,295
Aviation Leasing | Customer relationships
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Jefferson Terminal
Intangible assets:
Total intangible assets, net	20,135	23,688
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Jefferson Terminal | Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Jefferson Terminal | Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,513	35,513
Accumulated amortization	(15,378)	(11,825)
Total	20,135	23,688
Railroad
Intangible assets:
Total intangible assets, net	15	60
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Railroad | Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Railroad | Customer relationships
Intangible assets:
Acquired finite-lived intangibles	225	225
Accumulated amortization	(210)	(165)
Total	$ 15	$ 60

INTANGIBLE ASSETS AND LIABILI_4

INTANGIBLE ASSETS AND LIABILITIES, NET - Intangible Liabilities Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Total	$ 12,186	$ 8,314	$ 8,577
Equipment leasing revenues | Lease intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization of lease intangible assets and liabilities	8,588	4,716	4,979
Depreciation and amortization | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 3,598	$ 3,598	$ 3,598

INTANGIBLE ASSETS AND LIABILI_5

INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2018USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,019	$ 11,244
2,020	8,746
2,021	6,472
2,022	4,438
2,023	3,612
Thereafter	2,379
Total	$ 36,891

DEBT, NET (Details)

DEBT, NET (Details) - USD ($)

Dec. 20, 2018

Sep. 18, 2018

Aug. 02, 2018

May 31, 2018

Aug. 23, 2017

Mar. 15, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Nov. 05, 2018

Mar. 07, 2018

Dec. 20, 2017

Jun. 30, 2017

Sep. 18, 2014

Debt Instrument [Line Items]

Total debt, net

$ 1,237,347,000

$ 703,264,000

Debt

1,251,857,000

714,687,000

Less: Debt issuance costs

(14,510,000)

(11,423,000)

Total debt due within one year

71,678,000

7,795,000

Gain (loss) on extinguishment of debt

0

(2,456,000)

$ (1,579,000)

FTAI Pride Credit Agreement

Debt Instrument [Line Items]

Total debt, net

47,743,000

CMQR Credit Agreement

Debt Instrument [Line Items]

Total debt, net

22,265,000

DRP Revolver

Debt Instrument [Line Items]

Total debt, net

0

Series 2012 Bonds

Debt Instrument [Line Items]

Total debt, net

41,220,000

Senior Notes due 2022

Debt Instrument [Line Items]

Total debt, net

550,000,000

Senior Notes due 2025

Debt Instrument [Line Items]

Total debt, net

300,000,000

Stated rate

6.50%

Proceeds from issuance of debt

$ 300,000,000

Redemption price rate

100.00%

Redemption price rate in 3 years

103.25%

Redemption price rate in 4 years

101.625%

Redemption amount available

40.00%

Redemption price rate, condition one

106.50%

Loans Payable

Debt Instrument [Line Items]

Total debt, net

219,813,000

76,793,000

Loans Payable | FTAI Pride Credit Agreement

Debt Instrument [Line Items]

Total debt, net

47,743,000

53,993,000

Loans Payable | CMQR Credit Agreement

Debt Instrument [Line Items]

Total debt, net

22,265,000

22,800,000

Debt, face amount

$ 25,000,000

$ 20,000,000

Loans Payable | Jefferson Revolver

Debt Instrument [Line Items]

Total debt, net

$ 49,805,000

0

Commitment fee rate

0.50%

Debt, face amount

$ 50,000,000

Loans Payable | DRP Revolver

Debt Instrument [Line Items]

Total debt, net

$ 0

0

Commitment fee rate

0.875%

Debt, face amount

$ 25,000,000

Bonds payable

Debt Instrument [Line Items]

Total debt, net

$ 1,032,044,000

637,894,000

Bonds payable | Series 2012 Bonds

Debt Instrument [Line Items]

Total debt, net

$ 42,797,000

44,404,000

Stated rate

8.25%

Unamortized premium

$ 1,577,000

1,639,000

Bonds payable | Series 2016 Bonds

Debt Instrument [Line Items]

Total debt, net

$ 144,200,000

144,200,000

Stated rate

7.25%

Bonds payable | Senior Notes due 2022

Debt Instrument [Line Items]

Total debt, net

$ 549,405,000

449,290,000

Stated rate

6.75%

6.75%

Unamortized premium

$ 4,559,000

5,796,000

Unamortized discount

5,154,000

6,506,000

Debt, face amount

$ 100,000,000

$ 100,000,000

$ 250,000,000

$ 100,000,000

Redemption price rate

100.00%

102.75%

100.00%

Redemption price rate in 3 years

105.063%

Redemption amount available

40.00%

Redemption price rate, condition one

106.75%

103.25%

Bonds payable | Senior Notes due 2025

Debt Instrument [Line Items]

Total debt, net

$ 295,642,000

0

Stated rate

6.50%

Unamortized discount

$ 4,358,000

0

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

Debt Instrument [Line Items]

Basis spread on variable rate

4.50%

Base Rate | Loans Payable | Jefferson Revolver

Debt Instrument [Line Items]

Basis spread on variable rate

1.50%

Base Rate | Loans Payable | DRP Revolver

Debt Instrument [Line Items]

Basis spread on variable rate

1.50%

Eurodollar | Loans Payable | Jefferson Revolver

Debt Instrument [Line Items]

Basis spread on variable rate

2.50%

Eurodollar | Loans Payable | DRP Revolver

Debt Instrument [Line Items]

Basis spread on variable rate

2.50%

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

Debt Instrument [Line Items]

Basis spread on variable rate

2.50%

Minimum | Base Rate | Loans Payable | CMQR Credit Agreement

Debt Instrument [Line Items]

Basis spread on variable rate

1.50%

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

Debt Instrument [Line Items]

Basis spread on variable rate

2.50%

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

Debt Instrument [Line Items]

Basis spread on variable rate

4.50%

Maximum | Base Rate | Loans Payable | CMQR Credit Agreement

Debt Instrument [Line Items]

Basis spread on variable rate

3.50%

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

Debt Instrument [Line Items]

Basis spread on variable rate

4.50%

Amended Credit Agreement

Debt Instrument [Line Items]

Increase of credit facility

$ 50,000,000

Maximum borrowing capacity

125,000,000

Revolving Credit Facility | Loans Payable

Debt Instrument [Line Items]

Total debt, net

$ 100,000,000

$ 0

Revolving Credit Facility | Loans Payable | Jefferson Revolver

Debt Instrument [Line Items]

Increase of credit facility

$ 25,000,000

Long-term line of credit

$ 75,000,000

Fixed charge coverage ratio

120.00%

Revolving Credit Facility | Base Rate | Loans Payable

Debt Instrument [Line Items]

Basis spread on variable rate

2.00%

Revolving Credit Facility | Adjusted Eurodollar Rate | Loans Payable

Debt Instrument [Line Items]

Basis spread on variable rate

3.00%

Letter of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 25,000,000

DEBT, NET (Debt Maturities) (De

DEBT, NET (Debt Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total debt, net	$ 1,237,347	$ 703,264
FTAI Pride Credit Agreement
Debt Instrument [Line Items]
2,019	47,743
2,020	0
2,021	0
2,022	0
2,023	0
Thereafter	0
Total debt, net	47,743
CMQR Credit Agreement
Debt Instrument [Line Items]
2,019	22,265
2,020	0
2,021	0
2,022	0
2,023	0
Thereafter	0
Total debt, net	22,265
Jefferson Revolver
Debt Instrument [Line Items]
2,019	0
2,020	0
2,021	49,805
2,022	0
2,023	0
Thereafter	0
Total debt, net	49,805
DRP Revolver
Debt Instrument [Line Items]
2,019	0
2,020	0
2,021	0
2,022	0
2,023	0
Thereafter	0
Total debt, net	0
Revolving Credit Facility
Debt Instrument [Line Items]
2,019	0
2,020	0
2,021	100,000
2,022	0
2,023	0
Thereafter	0
Total debt, net	100,000
Series 2012 Bonds
Debt Instrument [Line Items]
2,019	1,670
2,020	1,810
2,021	1,960
2,022	2,120
2,023	2,295
Thereafter	31,365
Total debt, net	41,220
Series 2016 Bonds
Debt Instrument [Line Items]
2,019	0
2,020	144,200
2,021	0
2,022	0
2,023	0
Thereafter	0
Total debt, net	144,200
Senior Notes due 2022
Debt Instrument [Line Items]
2,019	0
2,020	0
2,021	0
2,022	550,000
2,023	0
Thereafter	0
Total debt, net	550,000
Senior Notes due 2025
Debt Instrument [Line Items]
2,019	0
2,020	0
2,021	0
2,022	0
2,023	0
Thereafter	300,000
Total debt, net	300,000
Total principal payments on loans and bonds payable
Debt Instrument [Line Items]
2,019	71,678
2,020	146,010
2,021	151,765
2,022	552,120
2,023	2,295
Thereafter	331,365
Total debt, net	$ 1,255,233

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Assets:
Total liabilities		$ 0
Recurring
Assets:
Total assets	$ 128,307,000	93,828,000
Total liabilities	(925,000)
Recurring | Market
Assets:
Cash and cash equivalents	99,601,000	59,400,000
Restricted cash	21,236,000	33,406,000
Recurring | Income
Assets:
Derivative assets	7,470,000	1,022,000
Derivative liabilities	(925,000)
Recurring | Level 1
Assets:
Total assets	120,837,000	92,806,000
Total liabilities	0
Recurring | Level 1 | Market
Assets:
Cash and cash equivalents	99,601,000	59,400,000
Restricted cash	21,236,000	33,406,000
Recurring | Level 1 | Income
Assets:
Derivative assets		0
Derivative liabilities	0
Recurring | Level 2
Assets:
Total assets	0	0
Total liabilities	0
Recurring | Level 2 | Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Recurring | Level 2 | Income
Assets:
Derivative assets	0	0
Derivative liabilities	0
Recurring | Level 3
Assets:
Total assets	7,470,000	1,022,000
Total liabilities	(925,000)
Recurring | Level 3 | Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Recurring | Level 3 | Income
Assets:
Derivative assets	7,470,000	$ 1,022,000
Derivative liabilities	$ (925,000)

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value on a recurring basis		$ 0
Series 2012 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	$ 42,633,000	45,691,000
Series 2016 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	149,582,000	150,329,000
Senior Notes due 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	551,144,000	449,290,000
Senior Notes due 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	$ 283,965,000	$ 0

REVENUES - Components of Revenu

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Total revenues	$ 137,900	$ 101,155	$ 71,979	$ 68,844	$ 61,430	$ 60,362	$ 51,194	$ 44,673	$ 379,878	$ 217,659	$ 148,720
Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues									253,039	170,000	101,949
Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues									126,839	47,659	46,771
Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues									157,190	99,536	69,736
Equipment Leasing | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues									89,870	65,651	28,697
Equipment Leasing | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues									3,349	1,536	2,723
Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues									2,630	3,277	793
Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues									253,039	170,000	101,949
Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues									1,734	1,111	32
Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues									38,410	32,607	30,837
Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues									10,108	10,229	15,902
Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues									76,587	3,712
Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues									126,839	47,659	46,771
Aviation Leasing | Equipment Leasing
Disaggregation of Revenue [Line Items]
Total revenues									244,270	156,793	95,408
Aviation Leasing | Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues									151,531	91,103	66,024
Aviation Leasing | Equipment Leasing | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues									89,870	65,651	28,697
Aviation Leasing | Equipment Leasing | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues									1,895	0	0
Aviation Leasing | Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues									974	39	687
Aviation Leasing | Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues									244,270	156,793	95,408
Offshore Energy | Equipment Leasing
Disaggregation of Revenue [Line Items]
Total revenues									8,719	13,107	5,328
Offshore Energy | Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues									5,659	8,433	3,712
Offshore Energy | Equipment Leasing | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Offshore Energy | Equipment Leasing | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues									1,454	1,536	1,610
Offshore Energy | Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues									1,606	3,138	6
Offshore Energy | Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues									8,719	13,107	5,328
Shipping Containers | Equipment Leasing
Disaggregation of Revenue [Line Items]
Total revenues									50	100	1,213
Shipping Containers | Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Shipping Containers | Equipment Leasing | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Shipping Containers | Equipment Leasing | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues									0	0	1,113
Shipping Containers | Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues									50	100	100
Shipping Containers | Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues									50	100	1,213
Jefferson Terminal | Infrastructure
Disaggregation of Revenue [Line Items]
Total revenues									70,985	10,229	15,902
Jefferson Terminal | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues									272	0	0
Jefferson Terminal | Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Jefferson Terminal | Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues									10,108	10,229	15,902
Jefferson Terminal | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues									60,605	0
Jefferson Terminal | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues									70,985	10,229	15,902
Railroad | Infrastructure
Disaggregation of Revenue [Line Items]
Total revenues									38,410	32,607	30,837
Railroad | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Railroad | Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues									38,410	32,607	30,837
Railroad | Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Railroad | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues									0	0
Railroad | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues									38,410	32,607	30,837
Ports and Terminals | Infrastructure
Disaggregation of Revenue [Line Items]
Total revenues									17,444	4,823	32
Ports and Terminals | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues									1,462	1,111	32
Ports and Terminals | Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Ports and Terminals | Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Ports and Terminals | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues									15,982	3,712
Ports and Terminals | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues									$ 17,444	$ 4,823	$ 32

REVENUES - Minimum Future Annua

REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Dec. 31, 2018USD ($)
Revenue Disclosure [Abstract]
2,019	$ 157,470
2,020	102,337
2,021	68,473
2,022	43,484
2,023	27,813
Thereafter	14,843
Total	$ 414,420

EQUITY-BASED COMPENSATION (Addi

EQUITY-BASED COMPENSATION (Additional Information) (Details) - USD ($) $ in Thousands	1 Months Ended							12 Months Ended
	Dec. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Nov. 30, 2017	May 31, 2017	Apr. 30, 2017	Nov. 30, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility								27.73%	18.71%
Risk free interest rate								2.52%	2.98%
Expected dividend yield								5.45%	6.81%
Expected term								10 years	10 years
Equity-based compensation expense								$ 901	$ 1,343	$ (3,672)
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period								10 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)								836,342
Equity-based compensation expense								$ 9	0	0
Stock Options | Two Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)								10,000
Stock Options | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)								5,000
Stock Options | Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	126,342		700,000
Shares issues, grant date fair value	$ 200		$ 1,900
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares other than options granted in period (in shares)					31,340		52,388	0
Grant date fair value					$ 500		$ 900
Vesting period							4 years
Equity-based compensation expense								$ 359	318	$ (4,051)
Shares issued (in shares)											1,250,000
Restricted Shares | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares other than options granted in period (in shares)										42,000
Shares vested										50.00%
Cash in lieu of delivering vested shares										$ 200
Common Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares other than options granted in period (in shares)		670,000		505,050		520,000		670,000
Equity-based compensation expense								$ 533	$ 1,025	379
Shares other than options granted aggregate intrinsic value		$ 700		$ 500		$ 900
Award term		3 years		3 years
Common Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term						6 months
Common Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term						48 months
Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	30,000,000							30,000,000
Shares Issued in 2014 | Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense										$ 4,400

EQUITY-BASED COMPENSATION (Expe

EQUITY-BASED COMPENSATION (Expenses Related to Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 901	$ 1,343	$ (3,672)
Remaining expense to be recognized, if all vesting conditions are met	1,416
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	9	0	0
Remaining expense to be recognized, if all vesting conditions are met	0
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	359	318	(4,051)
Remaining expense to be recognized, if all vesting conditions are met	642
Common Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	533	$ 1,025	$ 379
Remaining expense to be recognized, if all vesting conditions are met	$ 774

EQUITY-BASED COMPENSATION (Summ

EQUITY-BASED COMPENSATION (Summary of Stock Option Activity) (Details) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018
Options
Stock options outstanding, beginning balance (in shares)	15,000
Granted (in shares)	836,342
Exercised (in shares)	0
Forfeited and canceled (in shares)	0
Stock options outstanding, ending balance (in shares)	851,342
Weighted-Average Exercise Price (per share)
Stock options outstanding, beginning (in usd per share)	$ 16.98
Granted (in dollars per share)	18.22
Stock options outstanding and exercisable (in usd per share)	$ 18.20
Aggregate Intrinsic Value	$ 0
Weighted average remaining contractual term (in years)	9 years 1 month 6 days

EQUITY-BASED COMPENSATION (Rest

EQUITY-BASED COMPENSATION (Restricted Shares andStock Units Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended					12 Months Ended
	Apr. 30, 2018	Nov. 30, 2017	May 31, 2017	Apr. 30, 2017	Nov. 30, 2016	Dec. 31, 2018
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning, Units outstanding (in shares)						70,721
Granted (in shares)			31,340		52,388	0
Less: exercised/vested (in shares)						20,955
Less: forfeited and canceled (in shares)						0
Ending, Units outstanding (in shares)						49,766
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning, weighted average exercise price (in dollars per share)						$ 19.06
Less: exercised/vested (in dollars per share)						17.14
Weighted average exercise price (per share)						$ 16.92
Aggregate intrinsic value (in thousands)						$ 842
Weighted average remaining contractual term (in years)						1 year 2 months 12 days
Common Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning, Units outstanding (in shares)						572,525
Granted (in shares)	670,000	505,050		520,000		670,000
Less: exercised/vested (in shares)						232,927
Less: forfeited and canceled (in shares)						0
Ending, Units outstanding (in shares)						1,009,598
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning, weighted average exercise price (in dollars per share)						$ 1.42
Granted						1
Less: exercised/vested (in dollars per share)						1.33
Weighted average exercise price (per share)						$ 1.15
Aggregate intrinsic value (in thousands)						$ 1,163
Weighted average remaining contractual term (in years)						1 year

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current:
Federal									$ 75	$ 1,551	$ 355
State and local									250	145	112
Foreign									63	76	(176)
Total current provision									388	1,772	291
Deferred:
Federal									1,528	215	(50)
State and local									621	5	6
Foreign									(1,165)	(38)	21
Total deferred provision									984	182	(23)
Total provision for income taxes	$ (208)	$ 551	$ 534	$ 495	$ 369	$ 909	$ 464	$ 212	$ 1,372	$ 1,954	$ 268

INCOME TAXES - Provision for In

INCOME TAXES - Provision for Income Tax Reconciliation (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. federal tax at statutory rate	21.00%	35.00%	35.00%
Income not subject to tax	121.90%	98.20%	7.90%
State and local taxes	(6.10%)	(0.50%)	(0.20%)
Foreign taxes	7.70%	(0.20%)	0.90%
Branch Profit Tax	(0.50%)	(2.60%)	(0.30%)
Change in Tax Rates	0.00%	(6.90%)	0.00%
Other	(0.20%)	1.00%	(0.40%)
Change in valuation allowance	(153.30%)	(133.20%)	(43.60%)
Provision for income taxes	(9.50%)	(9.20%)	(0.70%)

INCOME TAXES - Components of De

INCOME TAXES - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Net operating loss carryforwards	$ 64,034	$ 46,564
Accrued expenses	1,241	1,684
Deferred revenue	132	0
Interest expense	19,380	9,727
Other	1,101	202
Total deferred tax assets	85,888	58,177
Less valuation allowance	(68,294)	(45,624)	$ (42,270)
Net deferred tax assets	17,594	12,553
Deferred tax liabilities:
Fixed assets	19,117	13,104
Net deferred tax liabilities	$ (1,523)	$ (551)

INCOME TAXES - Changes in Valua

INCOME TAXES - Changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Valuation Allowance [Roll Forward]
Valuation allowance at beginning of period	$ 45,624	$ 42,270
Increase due to current year losses	22,670	27,549
Decrease due to change in tax rates	0	(24,195)
Valuation allowance at end of period	$ 68,294	$ 45,624

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
U.S. federal tax rate	21.00%	35.00%	35.00%
Valuation allowance	$ 68,294	$ 45,624	$ 42,270
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	900
Subsidiaries | U.S. Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	240,900
Canada Revenue Agency
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	5,200
Revenue Commissioners, Ireland
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	82,800
Tax Year 2034
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	180,800
No Expiration Date
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 60,100

MANAGEMENT AGREEMENT AND AFFI_3

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($) $ in Thousands, shares in Millions	1 Months Ended	3 Months Ended								12 Months Ended
	May 31, 2015	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jun. 28, 2018
Related Party Transaction [Line Items]
Related party fees										$ 15,726	$ 15,732	$ 16,742
Net loss attributable to non-controlling interests in consolidated subsidiaries		$ (1,682)	$ (3,855)	$ (7,288)	$ (8,761)	$ (9,558)	$ (4,669)	$ (4,349)	$ (4,798)	(21,586)	(23,374)	(20,534)
Price for minority interest held in our aviation segment				$ 3,700
General Partner
Related Party Transaction [Line Items]
Ownership percentage by manager	0.05%
Related party fees										$ 16,563	14,359	12,084
Manager
Related Party Transaction [Line Items]
Management fee percentage rate										1.50%
Fortress Worldwide Transportation and Infrastructure Master GP LLP
Related Party Transaction [Line Items]
Incentive distribution percentage										10.00%
Cumulative preferred return										10.00%
Other payables
Related Party Transaction [Line Items]
Management fee payable		3,965				2,073				$ 3,965	2,073
Accrued management fees
Related Party Transaction [Line Items]
Management fee payable		$ 1,263				$ 1,228				1,263	1,228
Income Incentive Allocation | General Partner
Related Party Transaction [Line Items]
Related party fees										0	0	0
Management fees | General Partner
Related Party Transaction [Line Items]
Related party fees										15,319	15,218	16,742
Capital gains incentive allocation | General Partner
Related Party Transaction [Line Items]
Related party fees										407	514	0
General and administrative expense | General Partner
Related Party Transaction [Line Items]
Related party fees										9,910	8,064	7,301
Acquisition and transaction expenses | General Partner
Related Party Transaction [Line Items]
Related party fees										6,653	$ 6,295	4,783
Bond Purchase Agreement Guarantee Fees
Related Party Transaction [Line Items]
Management fee										$ 1,700
Threshold 1 | Income Incentive Allocation
Related Party Transaction [Line Items]
Percent of pre-incentive allocation net income										0.00%
Quarterly percent of pre-incentive allocation net income										2.00%
Annual percent of pre-incentive allocation net income										8.00%
Threshold 2 | Income Incentive Allocation
Related Party Transaction [Line Items]
Percent of pre-incentive allocation net income										100.00%
Threshold 2 | Income Incentive Allocation | Minimum
Related Party Transaction [Line Items]
Quarterly percent of pre-incentive allocation net income										2.00%
Threshold 2 | Income Incentive Allocation | Maximum
Related Party Transaction [Line Items]
Quarterly percent of pre-incentive allocation net income										2.2223%
Threshold 3 | Income Incentive Allocation
Related Party Transaction [Line Items]
Percent of pre-incentive allocation net income										10.00%
Quarterly percent of pre-incentive allocation net income										2.2223%
Jefferson Terminal | Manager
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage		20.00%				20.00%				20.00%	20.00%		20.00%
Non-controlling interest by private equity fund		$ 51,100				$ 66,200				$ 51,100	$ 66,200
Net loss attributable to non-controlling interests in consolidated subsidiaries										$ 13,436	$ 8,662	$ 7,647
Number of shares available to convert (in shares)													1.9

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2018anumber_of_segment
Segment Reporting Information [Line Items]
Number of reportable segments | number_of_segment	6
Repauno
Segment Reporting Information [Line Items]
Area of real estate	1,630
Long Ridge
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								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues
Total revenues	$ 137,900	$ 101,155	$ 71,979	$ 68,844	$ 61,430	$ 60,362	$ 51,194	$ 44,673	$ 379,878	$ 217,659	$ 148,720
Expenses
Operating expenses									167,514	92,385	66,169
General and administrative									17,126	14,570	12,314
Acquisition and transaction expenses									6,968	7,306	6,316
Related party fees									15,726	15,732	16,742
Depreciation and amortization									136,354	88,110	60,210
Interest expense									57,854	38,827	18,957
Total expenses	138,995	100,549	83,870	78,128	80,023	66,328	58,315	52,264	401,542	256,930	180,708
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									(1,008)	(1,601)	(5,992)
Gain on sale of equipment, net									3,911	18,281	5,941
Loss on extinguishment of debt									0	(2,456)	(1,579)
Interest income									488	688	136
Other income									3,941	3,073	602
Total other income (expense)	242	668	5,976	446	12,414	5,204	1,776	(1,409)	7,332	17,985	(8,342)
Loss before income taxes	(853)	1,274	(5,915)	(8,838)	(6,179)	(762)	(5,345)	(9,000)	(14,332)	(21,286)	(40,330)
Provision for income taxes	(208)	551	534	495	369	909	464	212	1,372	1,954	268
Net loss	(645)	723	(6,449)	(9,333)	(6,548)	(1,671)	(5,809)	(9,212)	(15,704)	(23,240)	(40,598)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(1,682)	(3,855)	(7,288)	(8,761)	(9,558)	(4,669)	(4,349)	(4,798)	(21,586)	(23,374)	(20,534)
Net income (loss) attributable to shareholders	$ 1,037	$ 4,578	$ 839	$ (572)	$ 3,010	$ 2,998	$ (1,460)	$ (4,414)	5,882	134	(20,064)
Equipment Leasing
Revenues
Total revenues									253,039	170,000	101,949
Other income (expense)
Equity in (losses) earnings of unconsolidated entities										(4)	(5,974)
Infrastructure revenues
Revenues
Total revenues									126,839	47,659	46,771
Other income (expense)
Equity in (losses) earnings of unconsolidated entities										(321)	(18)
Operating Segments | Equipment Leasing | Aviation Leasing
Revenues
Total revenues									244,270	156,793	95,408
Expenses
Operating expenses									9,149	6,247	4,609
General and administrative										0	0
Acquisition and transaction expenses									315	441	80
Related party fees										0	0
Depreciation and amortization									102,419	61,795	36,369
Interest expense										0	0
Total expenses									111,883	68,483	41,058
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									(743)	(1,276)	0
Gain on sale of equipment, net									3,911	7,188	5,214
Loss on extinguishment of debt										0	0
Interest income									202	297	142
Other income										0	0
Total other income (expense)									3,370	6,209	5,356
Loss before income taxes									135,757	94,519	59,706
Provision for income taxes									2,280	1,966	267
Net loss									133,477	92,553	59,439
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									(24)	697	435
Net income (loss) attributable to shareholders									133,501	91,856	59,004
Operating Segments | Equipment Leasing | Offshore Energy
Revenues
Total revenues									8,719	13,107	5,328
Expenses
Operating expenses									13,697	15,833	11,014
General and administrative										0	0
Acquisition and transaction expenses										0	0
Related party fees										0	0
Depreciation and amortization									6,481	6,427	6,411
Interest expense									3,687	3,670	3,747
Total expenses									23,865	25,930	21,172
Other income (expense)
Equity in (losses) earnings of unconsolidated entities										0	0
Gain on sale of equipment, net										11,405	0
Loss on extinguishment of debt										0	0
Interest income									16	15	13
Other income										1,093	0
Total other income (expense)									16	12,513	(7,437)
Loss before income taxes									(15,130)	(310)	(23,281)
Provision for income taxes									1	11	0
Net loss									(15,131)	(321)	(23,281)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries										(526)	(4,368)
Net income (loss) attributable to shareholders									(15,131)	205	(18,913)
Operating Segments | Equipment Leasing | Shipping Containers
Revenues
Total revenues									50	100	1,213
Expenses
Operating expenses										9	43
General and administrative										0	0
Acquisition and transaction expenses										0	0
Related party fees										0	0
Depreciation and amortization										0	0
Interest expense										0	410
Total expenses									0	9	453
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									309
Gain on sale of equipment, net										0	304
Loss on extinguishment of debt										0	0
Interest income										0	0
Other income										0	0
Total other income (expense)									309	(4)	(5,670)
Loss before income taxes									359	87	(4,910)
Provision for income taxes									(94)	(65)	(86)
Net loss									453	152	(4,824)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries										0	0
Net income (loss) attributable to shareholders									453	152	(4,824)
Operating Segments | Infrastructure revenues | Jefferson Terminal
Revenues
Total revenues									70,985	10,229	15,902
Expenses
Operating expenses									94,622	31,213	21,886
General and administrative										0	0
Acquisition and transaction expenses										0	400
Related party fees										0	0
Depreciation and amortization									19,745	16,193	15,500
Interest expense									15,513	13,568	13,501
Total expenses									129,880	60,974	51,287
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									(574)
Gain on sale of equipment, net										0	0
Loss on extinguishment of debt										0	(1,579)
Interest income									270	376	(19)
Other income									3,983	1,980	602
Total other income (expense)									3,679	2,035	(1,014)
Loss before income taxes									(55,216)	(48,710)	(36,399)
Provision for income taxes									261	42	74
Net loss									(55,477)	(48,752)	(36,473)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									(21,801)	(22,991)	(16,456)
Net income (loss) attributable to shareholders									(33,676)	(25,761)	(20,017)
Operating Segments | Infrastructure revenues | Railroad
Revenues
Total revenues									38,410	32,607	30,837
Expenses
Operating expenses									31,734	29,966	27,975
General and administrative										0	0
Acquisition and transaction expenses										0	0
Related party fees										0	0
Depreciation and amortization									2,570	2,037	1,926
Interest expense									1,009	1,029	754
Total expenses									35,313	33,032	30,655
Other income (expense)
Equity in (losses) earnings of unconsolidated entities										0	0
Gain on sale of equipment, net										(312)	423
Loss on extinguishment of debt										0	0
Interest income										0	0
Other income									(42)	0	0
Total other income (expense)									(42)	(312)	423
Loss before income taxes									3,055	(737)	605
Provision for income taxes									(1,077)	0	0
Net loss									4,132	(737)	605
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									339	(70)	23
Net income (loss) attributable to shareholders									3,793	(667)	582
Operating Segments | Infrastructure revenues | Ports and Terminals
Revenues
Total revenues									17,444	4,823	32
Expenses
Operating expenses									18,312	9,117	628
General and administrative										0
Acquisition and transaction expenses										0
Related party fees										0
Depreciation and amortization									5,139	1,658	4
Interest expense									649	1,088	545
Total expenses									24,100	11,863	1,177
Other income (expense)
Equity in (losses) earnings of unconsolidated entities										0	0
Gain on sale of equipment, net										0	0
Loss on extinguishment of debt										0	0
Interest income										0	0
Other income										0	0
Total other income (expense)									0	0	0
Loss before income taxes									(6,656)	(7,040)	(1,145)
Provision for income taxes									1	0	13
Net loss									(6,657)	(7,040)	(1,158)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									(100)	(484)	(157)
Net income (loss) attributable to shareholders									(6,557)	(6,556)	(1,001)
Corporate
Revenues
Total revenues									0	0	0
Expenses
Operating expenses										0	14
General and administrative									17,126	14,570	12,314
Acquisition and transaction expenses									6,653	6,865	5,836
Related party fees									15,726	15,732	16,742
Depreciation and amortization										0	0
Interest expense									36,996	19,472	0
Total expenses									76,501	56,639	34,906
Other income (expense)
Equity in (losses) earnings of unconsolidated entities										0	0
Gain on sale of equipment, net										0	0
Loss on extinguishment of debt										(2,456)	0
Interest income										0	0
Other income										0	0
Total other income (expense)									0	(2,456)	0
Loss before income taxes									(76,501)	(59,095)	(34,906)
Provision for income taxes										0	0
Net loss									(76,501)	(59,095)	(34,906)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries										0	(11)
Net income (loss) attributable to shareholders									$ (76,501)	(59,095)	(34,895)
Corporate | Equipment Leasing
Revenues
Total revenues										0	0
Corporate | Infrastructure revenues
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								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									$ 10,128	$ 10,401	$ (8,632)
Add: Non-controlling share of adjustments to Adjusted Net Income									(1,030)	558	2,945
Equity in (losses) earnings of unconsolidated entities									(1,008)	(1,601)	(5,992)
Add: Cash payments for income taxes									721	1,726	654
Less: Incentive allocations									(407)	(514)	0
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities									1,196	1,601	2,905
Less: Asset impairment charges									0	0	(7,450)
Less: Changes in fair value of non-hedge derivative instruments									5,523	1,022	(3)
Less: Losses on the modification or extinguishment of debt and capital lease obligations									0	(2,456)	(1,579)
Less: Acquisition and transaction expenses									(6,968)	(7,306)	(6,316)
Less: Equity-based compensation expense									(901)	(1,343)	3,672
Less: Provision for income taxes	$ 208	$ (551)	$ (534)	$ (495)	$ (369)	$ (909)	$ (464)	$ (212)	(1,372)	(1,954)	(268)
Net income (loss) attributable to shareholders	$ 1,037	$ 4,578	$ 839	$ (572)	$ 3,010	$ 2,998	$ (1,460)	$ (4,414)	5,882	134	(20,064)
Infrastructure revenues
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities										(321)	(18)
Equipment Leasing
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities										(4)	(5,974)
Operating Segments | Infrastructure revenues | Jefferson Terminal
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(37,674)	(27,016)	(21,249)
Equity in (losses) earnings of unconsolidated entities									(574)
Less: Asset impairment charges											0
Less: Acquisition and transaction expenses										0	(400)
Less: Provision for income taxes									(261)	(42)	(74)
Net income (loss) attributable to shareholders									(33,676)	(25,761)	(20,017)
Operating Segments | Infrastructure revenues | Railroad
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									2,986	19	941
Equity in (losses) earnings of unconsolidated entities										0	0
Less: Asset impairment charges											0
Less: Acquisition and transaction expenses										0	0
Less: Provision for income taxes									1,077	0	0
Net income (loss) attributable to shareholders									3,793	(667)	582
Operating Segments | Infrastructure revenues | Ports and Terminals
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(6,214)	(6,257)	(993)
Equity in (losses) earnings of unconsolidated entities										0	0
Less: Asset impairment charges											0
Less: Acquisition and transaction expenses										0
Less: Provision for income taxes									(1)	0	(13)
Net income (loss) attributable to shareholders									(6,557)	(6,556)	(1,001)
Operating Segments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									135,428	92,637	58,768
Equity in (losses) earnings of unconsolidated entities									(743)	(1,276)	0
Less: Asset impairment charges											0
Less: Acquisition and transaction expenses									(315)	(441)	(80)
Less: Provision for income taxes									(2,280)	(1,966)	(267)
Net income (loss) attributable to shareholders									133,501	91,856	59,004
Operating Segments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(15,137)	216	(15,188)
Equity in (losses) earnings of unconsolidated entities										0	0
Less: Asset impairment charges											(7,450)
Less: Acquisition and transaction expenses										0	0
Less: Provision for income taxes									(1)	(11)	0
Net income (loss) attributable to shareholders									(15,131)	205	(18,913)
Operating Segments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									171	87	(1,838)
Equity in (losses) earnings of unconsolidated entities									309
Less: Asset impairment charges											0
Less: Acquisition and transaction expenses										0	0
Less: Provision for income taxes									94	65	86
Net income (loss) attributable to shareholders									453	152	(4,824)
Corporate
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(69,432)	(49,285)	(29,073)
Equity in (losses) earnings of unconsolidated entities										0	0
Less: Asset impairment charges											0
Less: Acquisition and transaction expenses									(6,653)	(6,865)	(5,836)
Less: Provision for income taxes										0	0
Net income (loss) attributable to shareholders									$ (76,501)	$ (59,095)	$ (34,895)

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Geographic Sources of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total revenues	$ 137,900	$ 101,155	$ 71,979	$ 68,844	$ 61,430	$ 60,362	$ 51,194	$ 44,673	$ 379,878	$ 217,659	$ 148,720
Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									253,039	170,000	101,949
Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									126,839	47,659	46,771
Corporate
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Corporate | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues										0	0
Corporate | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues										0	0
Africa
Segment Reporting Information [Line Items]
Total revenues									10,053	9,993	12,344
Africa | Corporate
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Asia
Segment Reporting Information [Line Items]
Total revenues									85,689	51,868	47,354
Asia | Corporate
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Europe
Segment Reporting Information [Line Items]
Total revenues									121,546	89,620	30,756
Europe | Corporate
Segment Reporting Information [Line Items]
Total revenues									0	0	0
North America
Segment Reporting Information [Line Items]
Total revenues									158,994	65,473	56,893
North America | Corporate
Segment Reporting Information [Line Items]
Total revenues									0	0	0
South America
Segment Reporting Information [Line Items]
Total revenues									3,596	705	1,373
South America | Corporate
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Aviation Leasing | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									244,270	156,793	95,408
Aviation Leasing | Africa | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									10,053	9,993	12,344
Aviation Leasing | Asia | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									78,374	45,794	42,999
Aviation Leasing | Europe | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									121,546	84,023	30,508
Aviation Leasing | North America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									30,701	16,278	8,184
Aviation Leasing | South America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									3,596	705	1,373
Offshore Energy | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									8,719	13,107	5,328
Offshore Energy | Africa | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Offshore Energy | Asia | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									7,265	5,974	3,470
Offshore Energy | Europe | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									0	5,597	248
Offshore Energy | North America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									1,454	1,536	1,610
Offshore Energy | South America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Shipping Containers | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									50	100	1,213
Shipping Containers | Africa | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Shipping Containers | Asia | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									50	100	885
Shipping Containers | Europe | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Shipping Containers | North America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									0	0	328
Shipping Containers | South America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Jefferson Terminal | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									70,985	10,229	15,902
Jefferson Terminal | Africa | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Jefferson Terminal | Asia | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Jefferson Terminal | Europe | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Jefferson Terminal | North America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									70,985	10,229	15,902
Jefferson Terminal | South America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Railroad | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									38,410	32,607	30,837
Railroad | Africa | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Railroad | Asia | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Railroad | Europe | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Railroad | North America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									38,410	32,607	30,837
Railroad | South America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Ports and Terminals | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									17,444	4,823	32
Ports and Terminals | Africa | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Ports and Terminals | Asia | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Ports and Terminals | Europe | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									0	0	0
Ports and Terminals | North America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									17,444	4,823	32
Ports and Terminals | South America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Total revenues									$ 0	$ 0	$ 0

SEGMENT INFORMATION - Balance S

SEGMENT INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total assets	$ 2,638,778	$ 1,955,806
Debt, net	1,237,347	703,264
Total liabilities	1,584,996	920,731
Equity
Non-controlling interest in equity of consolidated subsidiaries	56,383	88,007
Total equity	1,053,782	1,035,075	$ 1,165,680	$ 1,290,686
Total liabilities and equity	2,638,778	1,955,806
Operating Segments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total assets	1,367,074	952,543
Debt, net	0	0
Total liabilities	234,449	145,882
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	3,037
Total equity	1,132,625	806,661
Total liabilities and equity	1,367,074	952,543
Operating Segments | Equipment Leasing | Offshore Energy
Segment Reporting Information [Line Items]
Total assets	192,729	195,101
Debt, net	47,570	53,590
Total liabilities	51,125	56,853
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	141,604	138,248
Total liabilities and equity	192,729	195,101
Operating Segments | Equipment Leasing | Shipping Containers
Segment Reporting Information [Line Items]
Total assets	2,360	4,429
Debt, net	0	0
Total liabilities	6	100
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	2,354	4,329
Total liabilities and equity	2,360	4,429
Operating Segments | Infrastructure revenues | Jefferson Terminal
Segment Reporting Information [Line Items]
Total assets	670,682	579,329
Debt, net	234,862	184,942
Total liabilities	288,256	210,159
Equity
Non-controlling interest in equity of consolidated subsidiaries	52,058	81,414
Total equity	382,426	369,170
Total liabilities and equity	670,682	579,329
Operating Segments | Infrastructure revenues | Railroad
Segment Reporting Information [Line Items]
Total assets	64,286	51,989
Debt, net	22,239	22,513
Total liabilities	37,207	36,560
Equity
Non-controlling interest in equity of consolidated subsidiaries	3,258	2,737
Total equity	27,079	15,429
Total liabilities and equity	64,286	51,989
Operating Segments | Infrastructure revenues | Ports and Terminals
Segment Reporting Information [Line Items]
Total assets	277,160	123,693
Debt, net	0	0
Total liabilities	16,615	14,229
Equity
Non-controlling interest in equity of consolidated subsidiaries	544	295
Total equity	260,545	109,464
Total liabilities and equity	277,160	123,693
Corporate
Segment Reporting Information [Line Items]
Total assets	64,487	48,722
Debt, net	932,676	442,219
Total liabilities	957,338	456,948
Equity
Non-controlling interest in equity of consolidated subsidiaries	523	524
Total equity	(892,851)	(408,226)
Total liabilities and equity	$ 64,487	$ 48,722

SEGMENT INFORMATION - Location

SEGMENT INFORMATION - Location of Long-Lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 1,432,210	$ 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	2,141,063	1,564,079
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	47,353	36,648
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	418,315	373,224
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	714,620	527,166
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	926,270	627,041
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	34,505	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
Aviation Leasing | Property, plant and equipment and leasing equipment, net | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	1,236,138	870,491
Aviation Leasing | Property, plant and equipment and leasing equipment, net | Africa | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	47,353	36,648
Aviation Leasing | Property, plant and equipment and leasing equipment, net | Asia | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	383,648	210,152
Aviation Leasing | Property, plant and equipment and leasing equipment, net | Europe | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	592,670	527,166
Aviation Leasing | Property, plant and equipment and leasing equipment, net | North America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	177,962	96,525
Aviation Leasing | Property, plant and equipment and leasing equipment, net | South America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	34,505	0
Offshore Energy | Property, plant and equipment and leasing equipment, net | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	156,617	163,072
Offshore Energy | Property, plant and equipment and leasing equipment, net | Africa | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Offshore Energy | Property, plant and equipment and leasing equipment, net | Asia | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	34,667	163,072
Offshore Energy | Property, plant and equipment and leasing equipment, net | Europe | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	121,950	0
Offshore Energy | Property, plant and equipment and leasing equipment, net | North America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Offshore Energy | Property, plant and equipment and leasing equipment, net | South America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Shipping Containers | Property, plant and equipment and leasing equipment, net | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Shipping Containers | Property, plant and equipment and leasing equipment, net | Africa | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Shipping Containers | Property, plant and equipment and leasing equipment, net | Asia | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Shipping Containers | Property, plant and equipment and leasing equipment, net | Europe | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Shipping Containers | Property, plant and equipment and leasing equipment, net | North America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Shipping Containers | Property, plant and equipment and leasing equipment, net | South America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Jefferson Terminal | Property, plant and equipment and leasing equipment, net | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	433,404	371,687
Jefferson Terminal | Property, plant and equipment and leasing equipment, net | Africa | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Jefferson Terminal | Property, plant and equipment and leasing equipment, net | Asia | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Jefferson Terminal | Property, plant and equipment and leasing equipment, net | Europe | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Jefferson Terminal | Property, plant and equipment and leasing equipment, net | North America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	433,404	371,687
Jefferson Terminal | Property, plant and equipment and leasing equipment, net | South America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Railroad | Property, plant and equipment and leasing equipment, net | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	51,157	40,512
Railroad | Property, plant and equipment and leasing equipment, net | Africa | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Railroad | Property, plant and equipment and leasing equipment, net | Asia | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Railroad | Property, plant and equipment and leasing equipment, net | Europe | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Railroad | Property, plant and equipment and leasing equipment, net | North America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	51,157	40,512
Railroad | Property, plant and equipment and leasing equipment, net | South America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Ports and Terminals | Property, plant and equipment and leasing equipment, net | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	263,747	118,317
Ports and Terminals | Property, plant and equipment and leasing equipment, net | Africa | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Ports and Terminals | Property, plant and equipment and leasing equipment, net | Asia | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Ports and Terminals | Property, plant and equipment and leasing equipment, net | Europe | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Ports and Terminals | Property, plant and equipment and leasing equipment, net | North America | Operating Segments | Infrastructure revenues
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	263,747	118,317
Ports and Terminals | Property, plant and equipment and leasing equipment, net | South America | Operating Segments | Infrastructure revenues
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	1 Months Ended		3 Months Ended								12 Months Ended
	Dec. 31, 2018	Jan. 31, 2018	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Net (loss) income attributable to shareholders			$ 1,037	$ 4,578	$ 839	$ (572)	$ 3,010	$ 2,998	$ (1,460)	$ (4,414)	$ 5,882	$ 134	$ (20,064)
Basic (in shares)			85,065,125	84,708,071	83,160,037	81,534,454	75,771,738	75,770,529	75,762,674	75,762,283	83,654,068	75,766,811	75,738,698
Diluted (in shares)			85,068,966	84,709,656	83,160,047	81,534,454	75,772,867	75,770,665	75,762,674	75,762,283	83,664,833	75,766,811	75,738,698
Basic (in dollars per share)			$ 0.01	$ 0.05	$ 0.01	$ (0.01)	$ 0.04	$ 0.04	$ (0.02)	$ (0.06)	$ 0.07	$ 0	$ (0.26)
Diluted (in dollars per share)			0.01	$ 0.05	$ 0.01	$ (0.01)	0.04	$ 0.04	$ (0.02)	$ (0.06)	$ 0.07	$ 0	$ (0.26)
Antidilutive shares excluded from the calculation of diluted EPS (in shares)											57,069	438	8,082
Number of shares issued in transaction	1,263,423	7,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	0.01				$ 0.01				$ 0.01	$ 0.01
Consideration received on transaction	$ 19,700	$ 128,500
Price per share (usd per share)	$ 15.83	$ 18.35	$ 15.83								$ 15.83

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Operating leases, rent expense	$ 4,157,000	$ 4,979,000	$ 4,953,000
Minimum
Variable Interest Entity [Line Items]
Loss contingency, range of possible loss	0
Maximum
Variable Interest Entity [Line Items]
Loss contingency, range of possible loss	3,300,000
Repauno
Variable Interest Entity [Line Items]
Potential milestone payment	15,000,000
Long Ridge Seller
Variable Interest Entity [Line Items]
Potential milestone payment	$ 5,000,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Minimum Future Rental Payments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,019	$ 9,360
2,020	5,590
2,021	4,122
2,022	3,431
2,023	2,724
Thereafter	95,202
Total	$ 120,429

QUARTERLY FINANCIAL INFORMATI_3

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 137,900	$ 101,155	$ 71,979	$ 68,844	$ 61,430	$ 60,362	$ 51,194	$ 44,673	$ 379,878	$ 217,659	$ 148,720
Total expenses	138,995	100,549	83,870	78,128	80,023	66,328	58,315	52,264	401,542	256,930	180,708
Total other (expense) income	242	668	5,976	446	12,414	5,204	1,776	(1,409)	7,332	17,985	(8,342)
Loss before income taxes	(853)	1,274	(5,915)	(8,838)	(6,179)	(762)	(5,345)	(9,000)	(14,332)	(21,286)	(40,330)
Provision for income taxes	(208)	551	534	495	369	909	464	212	1,372	1,954	268
Net loss	(645)	723	(6,449)	(9,333)	(6,548)	(1,671)	(5,809)	(9,212)	(15,704)	(23,240)	(40,598)
Net loss attributable to non-controlling interests in consolidated subsidiaries	(1,682)	(3,855)	(7,288)	(8,761)	(9,558)	(4,669)	(4,349)	(4,798)	(21,586)	(23,374)	(20,534)
Net income (loss) attributable to shareholders	$ 1,037	$ 4,578	$ 839	$ (572)	$ 3,010	$ 2,998	$ (1,460)	$ (4,414)	$ 5,882	$ 134	$ (20,064)
(Loss) Earnings per Share:
Basic (in dollars per share)	$ 0.01	$ 0.05	$ 0.01	$ (0.01)	$ 0.04	$ 0.04	$ (0.02)	$ (0.06)	$ 0.07	$ 0	$ (0.26)
Diluted (in dollars per share)	$ 0.01	$ 0.05	$ 0.01	$ (0.01)	$ 0.04	$ 0.04	$ (0.02)	$ (0.06)	$ 0.07	$ 0	$ (0.26)
Weighted Average Shares Outstanding:
Basic (in shares)	85,065,125	84,708,071	83,160,037	81,534,454	75,771,738	75,770,529	75,762,674	75,762,283	83,654,068	75,766,811	75,738,698
Diluted (in shares)	85,068,966	84,709,656	83,160,047	81,534,454	75,772,867	75,770,665	75,762,674	75,762,283	83,664,833	75,766,811	75,738,698
Effect of Fourth Quarter Events [Line Items]
Interest expense									$ 57,854	$ 38,827	$ 18,957
Noncontrolling Interest Period Adjustment
Effect of Fourth Quarter Events [Line Items]
Interest expense					$ 5,900
Period Adjustment
Effect of Fourth Quarter Events [Line Items]
Interest expense					$ 3,600

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Feb. 27, 2019USD ($)$ / shares	Feb. 15, 2019USD ($)$ / MWMW	Mar. 31, 2019shares	Dec. 31, 2018$ / shares	Dec. 31, 2017$ / shares	Feb. 26, 2019USD ($)	Aug. 02, 2018USD ($)
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share) | $ / shares				$ 0.33	$ 1.32
Subsequent Event
Subsequent Event [Line Items]
Fixed power price agreement | MW		457
Weighted average fixed price (usd per MW) | $ / MW		27.30
Subsequent Event | Common Stock
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share) | $ / shares	$ 0.33
Senior Notes due 2022 | Subsequent Event
Subsequent Event [Line Items]
Debt, face amount						$ 150,000,000
Offering price of principal						98.50%
Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Increase of credit facility	$ 125,000,000
Construction Loan and Term Loan | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 445,000,000
Letter of Credit
Subsequent Event [Line Items]
Maximum borrowing capacity							$ 25,000,000
Letter of Credit | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity		154,000,000
Term Loan and Construction Loan - funding the development, construction and completion | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 143,000,000
Scenario, Forecast | Subsequent Event | Common Class B
Subsequent Event [Line Items]
Number of shares converted (in shares) | shares			447,407
Scenario, Forecast | Subsequent Event | Common Stock
Subsequent Event [Line Items]
Conversion of stock, shares issued (in shares) | shares			331,348
Scenario, Forecast | Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity						$ 250,000,000
Kiewit Power Constructors Co | Subsequent Event
Subsequent Event [Line Items]
Power plant mega watts | MW		485
Contractual obligation		$ 430,000,000
Power Price Cache One | Subsequent Event
Subsequent Event [Line Items]
Fixed power price agreement | MW		207
Term of price agreement		10 years
Power Price Cache Two | Subsequent Event
Subsequent Event [Line Items]
Fixed power price agreement | MW		250
Term of price agreement		7 years