FTAI Aviation (FTAI) 10-K 25 Feb 22 2021 FY Annual report Financial data

Cover page

Cover page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Feb. 22, 2022	Jun. 30, 2021
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	001-37386
Entity Registrant Name	Fortress Transportation & Infrastructure Investors LLC
Entity Central Index Key	0001590364
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0434238
Entity Address, Address Line One	1345 Avenue of the Americas, 45th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10105
City Area Code	212
Local Phone Number	798-6100
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 2.8
Entity Common Stock, Shares Outstanding		99,188,696
Documents Incorporated by Reference	Portions of the registrant's definitive proxy statement for the registrant's 2022 annual meeting, to be filed within 120 days after the close of the registrant's fiscal year, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Class A common shares, $0.01 par value per share
Entity Information [Line Items]
Title of 12(b) Security	Class A common shares, $0.01 par value per share
Trading Symbol	FTAI
Security Exchange Name	NYSE
8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares
Entity Information [Line Items]
Title of 12(b) Security	8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares
Trading Symbol	FTAI PR A
Security Exchange Name	NYSE
8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares
Entity Information [Line Items]
Title of 12(b) Security	8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares
Trading Symbol	FTAI PR B
Security Exchange Name	NYSE
8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares
Entity Information [Line Items]
Title of 12(b) Security	8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares
Trading Symbol	FTAI PR C
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Auditor Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	New York, New York

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 188,078	$ 121,703
Restricted cash	251,983	39,715
Accounts receivable, net	175,225	91,691
Leasing equipment, net	1,891,649	1,635,259
Operating lease right-of-use assets, net	75,344	62,355
Finance leases, net	7,583	6,927
Property, plant, and equipment, net	1,555,857	964,363
Investments	77,325	146,515
Intangible assets, net	98,699	18,786
Goodwill	257,137	122,735
Other assets	284,974	177,928
Total assets	4,863,854	3,387,977
Liabilities
Accounts payable and accrued liabilities	202,669	113,185
Debt, net	3,220,211	1,904,762
Maintenance deposits	106,836	148,293
Security deposits	40,149	37,064
Operating lease liabilities	73,594	62,001
Other liabilities	96,295	23,351
Total liabilities	3,739,754	2,288,656
Commitments and contingencies
Equity
Common shares ($0.01 par value per share; 2,000,000,000 shares authorized; 99,180,385 and 85,617,146 shares issued and outstanding as of December 31, 2021 and 2020, respectively)	992	856
Preferred shares ($0.01 par value per share; 200,000,000 shares authorized; 13,320,000 and 9,120,000 shares issued and outstanding as of December 31, 2021 and 2020, respectively)	133	91
Additional paid in capital	1,411,940	1,130,106
Accumulated deficit	(132,392)	(28,158)
Accumulated other comprehensive loss	(156,381)	(26,237)
Shareholders' equity	1,124,292	1,076,658
Non-controlling interest in equity of consolidated subsidiaries	(192)	22,663
Total equity	1,124,100	1,099,321
Total liabilities and equity	$ 4,863,854	$ 3,387,977

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value (usd 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)	99,180,385	85,617,146
Common stock, shares outstanding (in shares)	99,180,385	85,617,146
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, shares issued (in shares)	13,320,000	9,120,000
Preferred stock, shares outstanding (in shares)	13,320,000	9,120,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Total revenues	$ 455,802	$ 366,496	$ 578,774
Expenses
Operating expenses	172,464	109,512	291,572
General and administrative	17,409	18,159	16,905
Acquisition and transaction expenses	21,941	9,868	17,623
Management fees and incentive allocation to affiliate	16,322	18,519	36,059
Depreciation and amortization	201,756	172,400	169,023
Interest expense	171,036	98,206	95,585
Total expenses	611,391	460,642	631,493
Other (expense) income
Equity in losses of unconsolidated entities	(12,734)	(5,039)	(2,375)
Gain (loss) on sale of assets, net	49,031	(308)	203,250
Loss on extinguishment of debt	(3,254)	(11,667)	0
Asset impairment	10,463	33,978	4,726
Interest income	1,711	162	531
Other (expense) income	(10,928)	70	3,445
Total other income (expense)	23,826	(16,782)	204,851
(Loss) income from continuing operations before income taxes	(131,763)	(110,928)	152,132
(Benefit from) provision for income taxes	(1,057)	(5,905)	17,810
Net (loss) income from continuing operations	(130,706)	(105,023)	134,322
Net income from discontinued operations, net of income taxes	0	1,331	73,462
Net (loss) income	(130,706)	(103,692)	207,784
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries:
Continuing operations	(26,472)	(16,522)	(17,571)
Discontinued operations	0	0	247
Less: Dividends on preferred shares	24,758	17,869	1,838
Net (loss) income attributable to shareholders	$ (128,992)	$ (105,039)	$ 223,270
Basic
Continuing operations (usd per share)	$ (1.43)	$ (1.24)	$ 1.74
Discontinued operations (usd per share)	0	0.02	0.85
Diluted
Continuing operations (usd per share)	(1.43)	(1.24)	1.74
Discontinued operations (usd per share)	$ 0	$ 0.02	$ 0.85
Weighted Average Shares Outstanding:
Basic (in shares)	89,922,088	86,015,702	85,992,019
Diluted (in shares)	89,922,088	86,015,702	86,029,363
Equipment leasing revenues
Revenues
Total revenues	$ 335,583	$ 297,934	$ 349,322
Infrastructure
Revenues
Total revenues	$ 120,219	$ 68,562	$ 229,452

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income		$ (130,706)	$ (103,692)	$ 207,784
Other comprehensive (loss) income:
Other comprehensive income related to equity method investees, net	[1]	(129,820)	(26,609)	372
Changes in pension and other employee benefit accounts		(324)	0	0
Comprehensive (loss) income		(260,850)	(130,301)	208,156
Comprehensive (loss) income attributable to non-controlling interest:
Continuing operations		(26,472)	(16,522)	(17,571)
Discontinued operations		0	0	247
Comprehensive (loss) income attributable to shareholders		$ (234,378)	$ (113,779)	$ 225,480
[1]	Net of deferred tax (benefit) expense of $(2,187), $(7,075) and $99 for the years ended December 31, 2021, 2020 and 2019, respectively.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Cash flow hedge tax	$ (2,187)	$ (7,075)	$ 99

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Shares	Preferred Shares	Additional Paid In Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non-Controlling Interest in Equity of Consolidated Subsidiaries
Beginning balance at Dec. 31, 2018	$ 1,053,782	$ 840	$ 0	$ 1,029,376	$ (32,817)	$ 0	$ 56,383
Increase (Decrease) in Partners' Capital [Roll Forward]
Net loss	207,784				225,108		(17,324)
Other comprehensive income (loss)	372					372
Comprehensive (loss) income	208,156				225,108	372	(17,324)
Settlement of equity-based compensation	(10,483)						(10,483)
Issuance of shares	393	9		384
Conversion of participating securities	(8)			(8)
Dividends declared - common shares	(113,541)			(113,541)
Issuance of preferred shares	193,992		81	193,911
Dividends declared - preferred shares	(1,838)				(1,838)
Equity-based compensation	8,404						8,404
Ending balance at Dec. 31, 2019	1,338,857	849	81	1,110,122	190,453	372	36,980
Increase (Decrease) in Partners' Capital [Roll Forward]
Net loss	(103,692)				(87,170)		(16,522)
Other comprehensive income (loss)	(26,609)					(26,609)
Comprehensive (loss) income	(130,301)				(87,170)	(26,609)	(16,522)
Settlement of equity-based compensation	(120)						(120)
Issuance of shares	311	7		304
Conversion of participating securities	(7)			(7)
Dividends declared - common shares	(113,572)				(113,572)
Issuance of preferred shares	19,697		10	19,687
Dividends declared - preferred shares	(17,869)				(17,869)
Equity-based compensation	2,325						2,325
Ending balance at Dec. 31, 2020	1,099,321	856	91	1,130,106	(28,158)	(26,237)	22,663
Increase (Decrease) in Partners' Capital [Roll Forward]
Net loss	(130,706)				(104,234)		(26,472)
Other comprehensive income (loss)	(130,144)					(130,144)
Comprehensive (loss) income	(260,850)				(104,234)	(130,144)	(26,472)
Settlement of equity-based compensation	(421)						(421)
Issuance of shares	323,579	136		323,443
Dividends declared - common shares	(118,009)			(118,009)
Issuance of preferred shares	101,200		42	101,158
Dividends declared - preferred shares	(24,758)			(24,758)
Equity-based compensation	4,038						4,038
Ending balance at Dec. 31, 2021	$ 1,124,100	$ 992	$ 133	$ 1,411,940	$ (132,392)	$ (156,381)	$ (192)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (130,706)	$ (103,692)	$ 207,784
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:
Equity in losses of unconsolidated entities	12,734	5,039	2,375
Gain on sale of subsidiaries	0	(1,331)	(198,764)
(Gain) loss on sale of assets, net	(49,031)	308	(81,954)
Security deposits and maintenance claims included in earnings	(39,067)	(6,362)	(20,385)
Loss on extinguishment of debt	3,254	11,667	0
Equity-based compensation	4,038	2,325	8,404
Depreciation and amortization	201,756	172,400	171,225
Asset impairment	10,463	33,978	4,726
Change in deferred income taxes	(2,057)	(5,851)	14,495
Change in fair value of non-hedge derivatives	(2,220)	181	4,555
Amortization of lease intangibles and incentives	27,978	30,346	30,162
Amortization of deferred financing costs	21,723	7,315	8,333
Bad debt expense	12,953	3,595	3,986
Other	(440)	1,502	827
Change in:
Accounts receivable	(88,872)	(59,734)	(22,622)
Other assets	(30,789)	3,660	(17,890)
Accounts payable and accrued liabilities	25,079	(5,258)	31,543
Management fees payable to affiliate	1,042	(20,622)	19,080
Other liabilities	118	(6,360)	(14,837)
Net cash (used in) provided by operating activities	(22,044)	63,106	151,043
Cash flows from investing activities:
Investment in unconsolidated entities	(54,655)	(4,690)	(13,500)
Principal collections on finance leases	7,387	13,823	13,398
Acquisition of business, net of cash acquired	627,090	0	0
Acquisition of leasing equipment	(572,624)	(321,606)	(568,569)
Acquisition of property, plant and equipment	(157,332)	(264,829)	(331,171)
Acquisition of lease intangibles	(24,017)	1,997	606
Investment in convertible promissory notes	10,000	0	0
Acquisition of remaining interest in JV investment	0	0	(28,828)
Purchase deposit for aircraft and aircraft engines	(13,658)	(8,343)	(1,000)
Proceeds from sale of subsidiaries	0	0	183,819
Proceeds from sale of leasing equipment	158,927	72,175	248,454
Proceeds from sale of property, plant and equipment	4,494	0	0
Receipt of deposits for sale of aircraft and engine	600	0	0
Return of purchase deposits	1,010	2,350	0
Return of capital distributions from unconsolidated entities	0	0	1,555
Net cash used in investing activities	(1,286,958)	(509,123)	(495,236)
Cash flows from financing activities:
Proceeds from debt	2,894,127	1,340,981	788,829
Repayment of debt	(1,553,231)	(852,197)	(405,131)
Payment of deferred financing costs	(52,739)	(28,243)	(34,218)
Receipt of security deposits	8,770	3,242	7,887
Return of security deposits	(1,201)	(4,655)	(368)
Receipt of maintenance deposits	31,507	33,369	65,279
Release of maintenance deposits	(20,724)	(15,712)	(26,940)
Proceeds from issuance of common shares, net of underwriter's discount	323,124	0	0
Proceeds from issuance of preferred shares, net of underwriter's discount and issuance costs	101,200	19,694	193,992
Settlement of equity-based compensation	(421)	(120)	(8,078)
Cash dividends - common shares	(118,009)	(113,572)	(113,541)
Cash dividends - preferred shares	(24,758)	(17,869)	(1,838)
Net cash provided by financing activities	1,587,645	364,918	465,873
Net increase (decrease) in cash and cash equivalents and restricted cash	278,643	(81,099)	121,680
Cash and cash equivalents and restricted cash, beginning of period	161,418	242,517	120,837
Cash and cash equivalents and restricted cash, end of period	440,061	161,418	242,517
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest	142,200	71,637	83,164
Cash paid for taxes	402	0	1,072
Supplemental disclosure of non-cash investing and financing activities:
Repayment and settlement of debt	0	0	(24,250)
Acquisition of leasing equipment	47,114	141,478	(24,530)
Acquisition of property, plant and equipment	(581)	(13,237)	(47,520)
Investment in Long Ridge JV	0	0	155,589
Settled and assumed security deposits	(4,041)	(5,825)	(239)
Settlement of equity based compensation	0	0	(2,405)
Billed, assumed and settled maintenance deposits	(21,710)	(58,906)	15,117
Deferred financing costs	0	0	(1,161)
Change in fair value of pension and other retirement benefit liabilities	(237)	0	0
Change in fair value of cash flow hedge	0	0	372
Non-cash change in equity method investment	(129,907)	(26,609)	0
Issuance of common shares	$ 455	$ 304	$ 385

RETIREMENT BENEFIT PLANS

RETIREMENT BENEFIT PLANS	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Retirement Benefits	RETIREMENT BENEFIT PLANS In connection with the acquisition of Transtar (see Note 4), we established a defined benefit pension plan as well as a postretirement benefit plan to assume certain retirement benefit obligations related to eligible Transtar employees. Defined Benefit Pensions Our pension plan covers certain eligible Transtar employees. These plans are noncontributory. Pension benefits earned are generally based on years of service and compensation during active employment. Postretirement Benefits Our unfunded postretirement plan provides healthcare and life insurance benefits for eligible retirees and dependents of Transtar. Depending on retirement date and employee classification, certain healthcare plans contain contribution and cost-sharing features such as deductibles and co-insurance. The remaining healthcare and life insurance plans are non-contributory. The following table summarizes our retirement plan costs for the year ended December 31, 2021 and estimated benefit obligation as of December 31, 2021. Service costs and interest costs are recorded in Operating expenses and Other (expense) income, respectively, in the Consolidated Statements of Operations. Pension Benefits Postretirement Benefits Benefit obligation as of January 1, 2021 $ — $ — Transtar acquisition 9,055 28,488 Service costs 712 864 Interest costs 108 337 Actuarial losses (gains) (20) 344 Benefits paid (50) — Benefit obligation as of December 31, 2021 $ 9,805 $ 30,033 The pension and postretirement benefits are unfunded and recorded in Other liabilities on the Consolidated Balance Sheets. Weighted-average assumptions used to determine the estimated benefit obligation and period costs as of and for the year ended December 31, 2021 are as follows: Pension Benefits Postretirement Benefits Weighted-average assumptions used to determine pension and postretirement benefit obligations: Discount rate 3.02 % 3.00 % Rate of compensation increase 3.50 % N/A Average future working lifetime (years) N/A 11.34 Initial healthcare cost trend rate - Pre-Medicare N/A 10.00 % Initial healthcare cost trend rate - Medicare eligible N/A 3.00 % Ultimate healthcare cost trend rate N/A 3.94 % Year ultimate healthcare cost trend rate is reached N/A 2075 Weighted-average assumptions used to determine net periodic pension and postretirement costs: Discount rate 2.88 % 2.86 % Rate of compensation increases 3.50 % N/A Average future working lifetime (years) 10.93 11.34 Initial healthcare cost trend rate N/A 6.00 % Ultimate healthcare cost trend rate N/A 3.80 % Year ultimate healthcare cost trend rate is reached N/A 2075 The following benefit payments, which reflect expected future service and compensation increases, as appropriate, are expected to be made from the Transtar defined benefit plans: Pension Benefits Postretirement Benefits 2022 $ 51 $ 102 2023 143 173 2024 261 251 2025 390 354 2026 496 451 Years 2027-2031 4,501 3,252

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2021
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”), owns and leases aviation equipment and also owns and operates (i) a multi-modal crude oil and refined products terminal in Beaumont, Texas (“Jefferson Terminal”), (ii) a deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system and multiple industrial development opportunities (“Repauno”), (iii) an equity method investment in a multi-modal terminal located along the Ohio River with multiple industrial development opportunities, including a power plant in operation (“Long Ridge”) and (iv) five freight railroads and one switching company (“Transtar”) that provide rail service to certain manufacturing and production facilities. Additionally, we own and lease offshore energy equipment and shipping containers. We have four reportable segments, (i) Aviation Leasing, (ii) Jefferson Terminal, (iii) Ports and Terminals and (iv) Transtar, which operate in two primary businesses, Equipment Leasing and Infrastructure (see Note 19).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
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 (“U.S. GAAP”) and include both our accounts and those of our subsidiaries. Principles of Consolidation —We consolidate all entities in which we have a controlling financial interest and control over significant operating decisions, as well as variable interest entities (“VIEs”) in which we are the primary beneficiary. All 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 as well as the proportionate interest in adjustments to other comprehensive income (loss). Use of Estimates —The preparation of financial statements in conformity with U.S. 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 the services offered by us 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. We, through our subsidiaries, 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 and the majority of terminal services revenue are denominated in U.S. dollars. Variable Interest Entities —The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. Delaware River Partners LLC During 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. Upon acquisition there were no operational processes that could be applied to these assets that would result in outputs without significant green field development. We currently hold an approximately 98% 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. Total VIE assets of DRP were $316.5 million and $273.6 million, and total VIE liabilities of DRP were $32.6 million and $32.2 million as of December 31, 2021 and 2020, respectively. 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 (see Note 10) and other qualifying constructions projects at Jefferson Terminal. Inventory —We hold aircraft engine modules, spare parts and used material inventory for trading and to support operations within our Aviation Leasing segment. Aviation inventory is carried at the lower of cost or net realizable value on our balance sheet. We had Aviation inventory of $100.3 million and $58.2 million as of December 31, 2021 and 2020, respectively, which is included in Other assets in the Consolidated Balance Sheets. 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. We had commodities inventory of $6.8 million and $0.1 million as of December 31, 2021 and 2020, respectively, which is included in Other assets in the 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 10% of new build cost Railcars and locomotives 1 - 50 years from date of manufacture Scrap value at end of useful life Track and track related assets 1 - 50 years from date of manufacture Scrap value at end of useful life Land, site improvements and rights N/A N/A Bridges and tunnels 15 - 55 years Scrap value at end of useful life Buildings and site improvements 3 - 30 years Scrap value at end of useful life Railroad equipment 2 - 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 2 - 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 2 - 5 years from date of purchase None Construction in progress N/A N/A 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. Project costs of major additions and betterments, including capitalizable engineering costs and other costs directly related to the development or construction of project, 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. We, through our equity method investment in Long Ridge, have a working interest in various natural gas reserves located in southeastern Ohio. Our interest in this natural gas joint venture is consolidated on a proportionate basis by Long Ridge 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 $10.1 million, $20.9 million and $11.9 million during the years ended December 31, 2021, 2020 and 2019, respectively. Repairs and Maintenance —Repair and maintenance costs that do not extend the lives of the assets are expensed as incurred. Our repairs and maintenance expense was $9.0 million, $4.1 million and $5.0 million during the years ended December 31, 2021, 2020 and 2019, respectively, and are included in Operating expenses in the Consolidated Statements of Operations. 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; a significant change in market conditions; 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 in the Consolidated Balance Sheets. 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 acquisition of Jefferson Terminal and Transtar. The carrying amount of goodwill was approximately $257.1 million and $122.7 million as of December 31, 2021 and 2020, respectively. The goodwill amounts as of December 31, 2020 related to the Jefferson reporting unit. The increase in 2021 reflects our acquisition of Transtar. See Note 4 for additional information. 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 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, 2021 or 2020. Beginning in 2020, we adopted new guidance regarding the testing and recognition of a goodwill impairment, which prior to 2020 required two steps. A goodwill impairment assessment compares the fair value of the 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 goodwill impairment is recorded to the extent that the carrying value of the reporting unit exceeds its fair value. We estimate the fair value of the Jefferson and Transtar reporting units using an income approach, specifically a discounted cash flow analysis. This analysis requires us to make significant assumptions and estimates about the forecasted revenue growth rates, capital expenditures, the timing of future cash flows, and discount 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. In connection with our impairment analysis, 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 or other key inputs are negatively revised in the future, the estimated fair value of the reporting unit could be adversely impacted, potentially leading to an impairment in the future that could materially affect our operating results. Due to the acquisition of Transtar in the current year, the estimated fair value of that reporting unit approximates the book value. The Jefferson reporting unit had an estimated fair value that exceeded its carrying value by less than 20%. The Jefferson Terminal segment forecasted revenue is dependent on the ramp up of volumes under current and expected future contracts for storage and throughput of heavy and light crude and refined products and is subject to obtaining rail capacity for crude, expansion of refined product distribution to Mexico and movements in future oil spreads. At October 31, 2021, approximately 4.3 million barrels of storage was currently operational with 1.9 million barrels currently under construction for new contracts which will complete our storage development for our main terminal. Our discount rate for our 2021 goodwill impairment analysis was 9.0% and our assumed terminal growth rate was 2.0%. If our strategy changes from planned capacity downward due to an inability to source contracts or expand volumes, the fair value of the reporting unit 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. Although we do not have significant direct exposure to volatility of crude oil prices, changes in crude oil pricing that affect long term refining planned output could impact Jefferson Terminal operations. We expect the Jefferson Terminal segment to continue to generate positive Adjusted EBITDA in future years. 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. Further delays in executing these contracts or achieving our projections could adversely affect the fair value of the reporting unit. The impact of the COVID-19 global pandemic during 2020 and 2021 negatively affected refining volumes and therefore Jefferson Terminal crude throughput but we have seen the activity starting to normalize and are expected to ramp back to normal during 2022. Furthermore, we anticipate strengthening macroeconomic demand for storage and the increasing spread between Western Canadian Crude and Western Texas Intermediate as Canadian crude pipeline apportionment increases. Also, as our pipeline connections became fully operational during 2021, we remain positive for the outlook of Jefferson Terminal's earnings potential. There were no impairments of goodwill for the years ended December 31, 2021, 2020, and 2019. Intangibles and amortization —Intangibles include the value of acquired favorable and unfavorable leases and existing customer relationships acquired in connection with the acquisition of Jefferson Terminal and Transtar. 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 lease 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 61 months as of December 31, 2021, 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 15 years, no estimated residual value, and amortization is recorded as a component of Depreciation and amortization in the Consolidated Statements of Operations. The weighted-average remaining amortization period was approximately 154 months as of December 31, 2021. 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 $64.5 million and $36.2 million as of December 31, 2021 and 2020, respectively, are included in Debt, net in the Consolidated Balance Sheets. We also have unamortized deferred revolver fees related to our revolving debt of $2.9 million and $1.6 million as of December 31, 2021 and 2020, respectively, which are included in Other assets in the Consolidated Balance Sheets. Amortization expense was $21.7 million, $7.3 million and $8.1 million for the years ended December 31, 2021, 2020 and 2019, respectively, and is included in Interest expense in the Consolidated Statements of Operations. Discontinued Operations — A disposal of an entity or component of an entity is reported in discontinued operations if the disposal represents a strategic shift that has or will have a material impact on our operations and financial results. See Note 3 for additional information related to our discontinued operations. Equipment Leasing Revenues Operating Leases — We lease equipment pursuant to 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 or at the end of the lease. 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 cost of maintenance events 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. Estimates in recognizing revenue include mean time between removal, projected costs for engine maintenance and forecasted utilization of aircraft which are affected by historical usage patterns and overall industry, market and economic conditions. Significant changes to these estimates could have a material effect on the amount of revenue recognized in the period. For purchase and lease back transactions, we account for the transaction as a single arrangement. We allocate the consideration paid based on the relative fair value of the aircraft and lease. The fair value of the lease may include a lease premium or discount which is recorded as a favorable or unfavorable lease intangible. In April 2020, the FASB Staff issued a question-and-answer document (the “Q&A”) regarding accounting for lease concessions related to the effects of the COVID-19 pandemic. The Q&A permits an entity to elect to forgo the evaluation of the enforceable rights and obligations of a lease contract required under ASC 842, Leases , as long as the total rent payments after the lease concessions are substantially the same, or less than, the total rent payments in the existing lease. The impact of the COVID-19 related lease concessions granted above did not have a material impact on our results of operations during the year ended December 31, 2021. 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, a bargain purchase option, or provides for minimum lease payments with a present value that equals or exceeds substantially all of the fair value of the leased equipment at the date of lease inception. Net investment in finance leases represents the minimum lease payments due from 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. 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. Infrastructure Revenues Terminal Services Revenues —Terminal services are provided to customers for the receipt and redelivery of various commodities. These revenues relate to performance obligations that are recognized over time using the right to invoice practical expedient, i.e., invoiced as the services are rendered and the customer simultaneously receives and consumes the benefit over the contract term. The Company’s performance of service and right to invoice corresponds with the value delivered to our customers. Revenues are typically invoiced and paid on a monthly basis. Rail Revenues —Rail revenues generally consist of the following performance obligations: industrial switching, interline services, demurrage and storage. Switching revenues are derived from the performance of switching services, which involve the movement of cars from one point to another within the limits of an individual plant, industrial area, or a rail yard. Switching revenues are recognized as the services are performed, and the services are generally completed on the same day they are initiated. Interline revenues are derived from transportation services for railcars that originate or terminate at our railroads and involve one or more other carriers. For interline traffic, one railroad typically invoices a customer on behalf of all railroads participating in the route directed by the customer. The invoicing railroad then pays the other railroads its portion of the total amount invoiced on a monthly basis. We record revenue related to interline traffic for transportation service segments provided by carriers along railroads that are not owned or controlled by us on a net basis. Interline revenues are recognized as the transportation movements occur. Our ancillary services revenue primarily relates to demurrage and storage services. Demurrage represents charges assessed by railroads for the detention of cars by shippers or receivers of freight beyond a specified free time and is recognized on a per day basis. Storage services revenue is earned for the provision of storage of shippers’ railcars and is generally recognized on a per day, per car basis, as the storage services are provided. 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. Crude Marketing Revenues —Crude marketing revenues consist of marketing revenue related to Canadian crude oil. Contracts to sell crude products to customers contain performance obligations to deliver the product over the term of the contract. The revenues are recognized when the control of the product is transferred to the customer, based on the volume delivered and the price within the contract. Revenues are typically invoiced and paid on a monthly basis. Other Revenue —Other revenue primarily consists of revenue related to the handling, storage and sale of raw materials. Revenues for the handling and storage of raw materials relate to performance obligations that are recognized over time using the right to invoice practical expedient, i.e., invoiced as the services are rendered and the customer simultaneously receives and consumes the benefit over the contract term. Our performance of service and right to invoice corresponds with the value delivered to our customers. Revenues for the sale of raw materials relate to contracts that contain performance obligations to deliver the product over the term of the contract. The revenues are recognized when the control of the product is transferred to the customer, based on the volume delivered and the price within the contract. Other revenues are typically invoiced and paid on a monthly basis. Additionally, other revenue consists of revenue related to derivative trading activities. See Commodity Derivatives below for additional information. Payment terms for Infrastructure Revenues are generally short term in nature. Leasing Arrangements —At contract inception, we evaluate whether an arrangement is or contains a lease for which we are the

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS In December 2019, we completed the sale of Central Maine & Quebec Railway (“CMQR”), which was previously reported as our Railroad segment. Under ASC 205-20, this disposition met the criteria to be reported as discontinued operations. Accordingly, the assets, liabilities and results of operations of CMQR have been reported as discontinued operations for all periods presented. The following table presents the significant components of net income from discontinued operations: Year Ended December 31, 2021 2020 2019 Revenues Total revenues $ — $ — $ 39,071 Expenses Operating expense — — 32,815 Acquisition and transaction expenses — — 5,526 Depreciation and amortization — — 2,202 Interest expense — — 1,458 Total expenses — — 42,001 Gain on sale of assets, net — 1,331 77,468 Other income — 1,331 77,468 Income before income taxes — 1,331 74,538 Provision for income taxes — — 1,076 Net income — 1,331 73,462 Less: Net income attributable to non-controlling interests in consolidated subsidiaries — — 247 Net income attributable to shareholders $ — $ 1,331 $ 73,215 The following table presents the significant non-cash items and capital expenditures from discontinued operations: Year Ended December 31, 2021 2020 2019 Operating activities: Depreciation and amortization $ — $ — $ 2,202 Amortization of deferred financing costs — — 256 Share-based compensation expense — — 3,114 Investing activities: Purchases of property, plant and equipment $ — $ — $ (6,949)

ACQUISITION OF TRANSTAR, LLC.

ACQUISITION OF TRANSTAR, LLC.	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITION OF TRANSTAR LLCOn July 28, 2021, we completed the acquisition for 100% of the equity interests of Transtar, LLC (“Transtar”) from United States Steel Corporation (“USS”) for total cash consideration of $636 million. Transtar is comprised of five freight railroads and one switching company, of which two railroads are connected to USS’s largest production facilities. We also entered into an exclusive rail partnership with USS, under which we will provide rail service to USS for an initial term of 15 years with minimum volume commitments for the first five years. Transtar operates as a separate reportable segment within our Infrastructure business. See Note 19 for additional information. The results of operations at Transtar have been included in the Consolidated Statements of Operations as of the effective date of the acquisition. In connection with the acquisition, we recorded $9.8 million of acquisition and transaction expense during the year ended December 31, 2021. We funded the transaction with bridge loans in an aggregate principal amount of $650 million. In September 2021, we issued new equity and debt and repaid in full the bridge loans. See Notes 10 and 20 for additional information. In accordance with ASC 805, the following fair values were assigned to assets acquired and liabilities assumed based on management’s estimates and assumptions and are preliminary. The significant assumptions used to estimate the fair value of the property, plant and equipment included replacement cost estimates, salvage values and market data for similar assets where available. The significant assumptions used to estimate the value of the customer relationship intangible assets included discount rate and future revenues and operating expenses. The final valuation and related allocation of the purchase price is subject to change as additional information is received and will be completed no later than 12 months after the closing date. The final acquisition accounting adjustments may be materially different and may include (i) changes in fair values of Property, plant and equipment and associated salvage values; (ii) changes in allocations to Intangible assets, as well as goodwill; and, (iii) other changes to assets and liabilities, such as working capital accounts and inventory. The following table summarizes the preliminary allocation of the purchase price, as presented in our Consolidated Balance Sheets: Fair value of assets acquired: Cash and cash equivalents $ 8,918 Accounts receivable 18,625 Operating lease right-of-use assets 12,231 Property, plant and equipment 490,561 Intangible assets 60,000 Other assets 15,008 Total assets 605,343 Fair value of liabilities assumed: Accounts payable and accrued liabilities 47,010 Operating lease liabilities 10,689 Pension and other postretirement benefits (1) 37,552 Other liabilities 8,487 Total liabilities 103,738 Goodwill (2) 134,402 Total purchase consideration $ 636,007 ________________________________________________________ (1) Included in Other liabilities in the Consolidated Balance Sheets. (2) Goodwill is primarily attributable to the assembled workforce of Transtar and the synergies expected to be achieved. This goodwill is assigned to the new Transtar segment and is deductible for income tax purposes. The following table presents the identifiable intangible assets and their estimated useful lives: Estimated useful life in years Fair value Customer relationships 15 $ 60,000 The following table presents the property, plant and equipment and their estimated useful lives: Estimated useful life in years Fair value Railcars and locomotives 1 - 40 $ 112,981 Track and track related assets 1 - 40 90,904 Land, site improvements and rights N/A 87,450 Bridges and tunnels 15 - 55 174,889 Buildings and improvements 3 - 25 12,448 Railroad equipment 2 - 15 2,725 Terminal machinery and equipment 2 - 15 3,325 Vehicles 2 - 5 3,740 Construction in progress N/A 1,928 Computer hardware and software 2 - 5 171 Total $ 490,561 The unaudited financial information in the table below summarizes the combined results of operations of FTAI and Transtar on a pro forma basis, as though the companies had been combined as of January 1, 2020. These pro forma results were based on estimates and assumptions which we believe are reasonable. The pro forma adjustments are primarily comprised of the following: • The allocation of the purchase price and related adjustments, including adjustments to depreciation and amortization expense related to the fair value of property, plant and equipment and intangible assets acquired; • Impacts of debt financing, including interest for debt issued and amortization of deferred financing costs; • The exclusion of acquisition-related costs incurred during the year ended December 31, 2021 and allocation of substantially all acquisition-related costs to the year ended December 31, 2020; and • Associated tax-related impacts of adjustments. The following unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place as of January 1, 2020. Year Ended December 31, 2021 2020 Total revenue $ 536,805 $ 481,678 Net loss attributable to shareholders (104,611) (125,989)

LEASING EQUIPMENT, NET

LEASING EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASING EQUIPMENT, NET	LEASING EQUIPMENT, NET Leasing equipment, net is summarized as follows: December 31, 2021 2020 Leasing equipment $ 2,356,219 $ 2,042,404 Less: Accumulated depreciation (464,570) (407,145) Leasing equipment, net $ 1,891,649 $ 1,635,259 During the year ended December 31, 2021, we evaluated our leasing equipment portfolio and identified certain assets with indicators of impairment including, but not limited to, early lease terminations and a decline in market values due to the ongoing COVID-19 pandemic for leasing equipment. For these assets, we performed a recoverability assessment at the individual asset level and determined that the carrying amounts exceeded the estimated future undiscounted net cash flows and these assets were impaired. To determine fair value, we used both a market approach, using quoted market prices for the same or similar assets, and an income approach, using discounted cash flows and an estimated discount rate. As a result, we adjusted the carrying value of these assets to fair value and recognized transactional impairment charges of $10.5 million, net of redelivery compensation. The following table presents information related to acquisitions and dispositions of aviation leasing equipment: Year Ended December 31, 2021 2020 2019 Acquisitions: Aircraft 52 20 31 Engines 60 37 31 Dispositions: Aircraft 4 — 5 Engines 56 25 58 Depreciation expense for leasing equipment is summarized as follows: Year Ended December 31, 2021 2020 2019 Depreciation expense for leasing equipment $ 148,549 $ 142,266 $ 137,004

FINANCE LEASES, NET

FINANCE LEASES, NET	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
FINANCE LEASES, NET	FINANCE LEASES, NET Finance leases, net are summarized as follows: December 31, 2021 2020 Finance leases $ 8,358 $ 9,389 Unearned revenue (775) (2,462) Finance leases, net $ 7,583 $ 6,927 During the year ended December 31, 2021, we entered into 52-month sales-type lease arrangements for five airframes. During the fourth quarter of 2021, one of our lessees exercised its option to purchase the aircraft for an amount equal to the remaining principal balance plus unpaid accrued interest per the terms of the agreement. Additionally, during 2019, we received insurance proceeds for a vessel which was on nonaccrual status due to a casualty event. The insurance proceeds were in excess of the book value of the finance lease, which was written down to zero, and we recognized a gain of approximately $1.0 million which is included in Other income in the Consolidated Statements of Operations.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 Land, site improvements and rights $ 149,914 $ 52,047 Construction in progress 154,859 425,261 Bridges and Tunnels 174,889 — Buildings and improvements 19,164 4,491 Terminal machinery and equipment 962,552 557,788 Track and track related assets 100,014 2,349 Railroad equipment 8,331 5,560 Railcars and locomotives 111,574 — Computer hardware and software 5,335 5,101 Furniture and fixtures 3,119 2,449 Other 10,548 5,870 1,700,299 1,060,916 Less: Accumulated depreciation (144,442) (96,553) Property, plant and equipment, net $ 1,555,857 $ 964,363 We added property, plant and equipment of $639.4 million and $258.9 million during the years ended December 31, 2021 and 2020, respectively, which primarily consist of assets acquired in our acquisition of Transtar and terminal machinery and equipment placed in service or under development at Jefferson Terminal and Repauno. Depreciation expense for property, plant and equipment is summarized as follows: Year Ended December 31, 2021 2020 2019 Depreciation expense for property, plant and equipment: Continuing operations $ 47,915 $ 26,581 $ 28,466 Discontinued operations — — 2,187 Total $ 47,915 $ 26,581 $ 30,653

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2021
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, 2021 December 31, 2020 Advanced Engine Repair JV Equity method 25% $ 21,317 $ 22,721 Falcon MSN 177 LLC Equity method 50% 1,600 — Long Ridge Terminal LLC (1) Equity method 50% — 122,539 FYX Trust Holdco LLC Equity 14% 1,255 1,255 GM-FTAI Holdco LLC Equity method See below 52,295 — Clean Planet Energy USA LLC Equity method 50% 858 — $ 77,325 $ 146,515 ________________________________________________________ (1) The carrying value of $17.5 million as of December 31, 2021 is included in Other liabilities in the Consolidated Balance Sheets. We did not recognize any other-than-temporary impairments for the year ended December 31, 2021. The following table presents our proportionate share of equity in (losses) earnings: Year Ended December 31, 2021 2020 2019 Advanced Engine Repair JV $ (1,403) $ (1,931) $ (1,829) JGP Energy Partners LLC — — (292) Intermodal Finance I, Ltd. 470 114 (62) Long Ridge Terminal LLC (11,429) (3,222) (192) GM-FTAI Holdco LLC (205) — — Clean Planet Energy USA LLC (167) — — Total $ (12,734) $ (5,039) $ (2,375) Equity Method Investments Clean Planet Energy USA LLC In November 2021, we acquired 50% of the Class A shares of Clean Planet Energy USA LLC (“CPE”) with an initial investment of $1.0 million. CPE intends on building waste plastic-to-fuel plants in the United States. The plants will convert various grades of non-recyclable waste plastic to renewable diesel in the form of jet fuel, diesel, naphtha, and low sulfur fuel oil. We account for our investment in CPE as an equity method investment as we have significant influence through our ownership of Class A shares. Falcon MSN 177 LLC In November 2021, we invested $1.6 million for a 50% interest in Falcon MSN 177 LLC, an entity that consists of one Dassault Falcon 2000 aircraft. Falcon MSN 177 LLC leases the aircraft to charter operators on aircraft, crew maintenance, and insurance contracts. We account for our investment in Falcon as an equity method investment as we have significant influence through our held interest. GM-FTAI Holdco LLC In September 2021, we acquired 1% of the Class A shares and 50% of the Class B shares of GM-FTAI Holdco LLC for $52.5 million. GM-FTAI Holdco LLC owns 100% interest in Gladieux Metals Recycling (“GMR”) and Aleon Renewable Metals LLC (“Aleon”). GMR specializes in recycling spent catalyst produced in the petroleum refining industry. Aleon plans to develop a lithium-ion battery recycling business across the United States. Each planned location will collect, discharge and disassemble lithium-ion batteries to extract various metals in high-purity form for resale into the lithium-ion battery production market. Aleon and GMR are governed by separate boards of directors. Our ownership of Class A and B shares in GM-FTAI Holdco LLC provides us with 1% and 50% economic interest in GMR and Aleon, respectively. We account for our investment in GM-FTAI Holdco LLC as an equity method investment as we have significant influence through our ownership of Class A and Class B shares of GM-FTAI Holdco LLC. Long Ridge Terminal LLC In December 2019, Ohio River Shareholder LLC (“ORP”), a wholly-owned subsidiary, contributed its equity interests in Long Ridge into Long Ridge Terminal LLC and sold a 49.9% interest (the “Long Ridge Transaction”) for $150 million in cash, plus an earn out, which was written off during the year ended December 31, 2021. We recognized a gain of $116.7 million in relation to the Long Ridge Transaction. We no longer have a controlling interest in Long Ridge but still maintain significant influence through our retained interest and, therefore, now account for this investment in accordance with the equity method. Following the sale, we deconsolidated ORP, which held the assets of Long Ridge. Advanced Engine Repair JV In 2016, we invested $15 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. In August 2019, we expanded the scope of our joint venture and invested an additional $13.5 million and maintained a 25% interest. JGP Energy Partners LLC In 2016, we initiated activities in a 50% non-controlling interest in JGP, a joint venture. JGP was governed by a designated operating committee selected by the members in proportion to their equity interests. JGP was solely reliant on its members to finance its activities and therefore was a VIE. Initially, we concluded that we were not the primary beneficiary of JGP as the members shared equally in the risks and rewards and decision making authority of the entity and, therefore, we did not consolidate JGP and instead accounted for this investment in accordance with the equity method. In December 2019, we purchased the remaining 50% interest in JGP from the joint venture partner for a purchase price of approximately $30 million, consolidated JGP and no longer account for this as an equity method investment. As a result of this transaction, we recorded additional goodwill of $6.6 million and a gain of $4.6 million during the year ended December 31, 2019. 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 and, 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, 2021, Intermodal owns a portfolio of approximately 500 sh ipping containers subject to multiple operating leases. Equity Investments FYX Trust Holdco LLC In July 2020, we invested $1.3 million for a 14% interest in an operating company that provides roadside assistance services for the intermodal and over-the-road trucking industries. FYX has developed a mobile and web-based application that connects fleet managers, owner-operators, and drivers with repair vendors to efficiently and reliably quote, dispatch, monitor, and bill roadside repair services.

INTANGIBLE ASSETS AND LIABILITI

INTANGIBLE ASSETS AND LIABILITIES, NET	12 Months Ended
	Dec. 31, 2021
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, 2021 Aviation Leasing Jefferson Terminal Transtar Total Intangible assets Acquired favorable lease intangibles $ 67,013 $ — $ — $ 67,013 Less: Accumulated amortization (36,051) — — (36,051) Acquired favorable lease intangibles, net 30,962 — — 30,962 Customer relationships — 35,513 60,000 95,513 Less: Accumulated amortization — (26,038) (1,738) (27,776) Acquired customer relationships, net — 9,475 58,262 67,737 Total intangible assets, net $ 30,962 $ 9,475 $ 58,262 $ 98,699 Intangible liabilities Acquired unfavorable lease intangibles $ 14,795 $ — $ — $ 14,795 Less: Accumulated amortization (6,068) — — (6,068) Acquired unfavorable lease intangibles, net $ 8,727 $ — $ — $ 8,727 December 31, 2020 Aviation Leasing Jefferson Terminal Transtar Total Intangible assets Acquired favorable lease intangibles $ 35,349 $ — $ — $ 35,349 Less: Accumulated amortization (29,591) — — (29,591) Acquired favorable lease intangibles, net 5,758 — — 5,758 Customer relationships — 35,513 — 35,513 Less: Accumulated amortization — (22,485) — (22,485) Acquired customer relationships, net — 13,028 — 13,028 Total intangible assets, net $ 5,758 $ 13,028 $ — $ 18,786 Intangible liabilities Acquired unfavorable lease intangibles $ 7,151 $ — $ — $ 7,151 Less: Accumulated amortization (4,604) — — (4,604) Acquired unfavorable lease intangibles, net $ 2,547 $ — $ — $ 2,547 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, 2021 2020 2019 Lease intangibles Equipment leasing revenues $ 4,993 $ 3,747 $ 7,181 Customer relationships: Depreciation and amortization Continuing operations 5,292 3,553 3,553 Discontinued operations — — 15 Total $ 10,285 $ 7,300 $ 10,749 As of December 31, 2021, estimated net annual amortization of intangibles is as follows: 2022 $ 17,242 2023 14,585 2024 10,490 2025 5,782 2026 4,389 Thereafter 37,484 Total $ 89,972

DEBT, NET

DEBT, NET	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
DEBT, NET	DEBT, NET Our debt, net is summarized as follows: December 31, 2021 December 31, 2020 Outstanding Borrowings Stated Interest Rate Maturity Date Outstanding Borrowings Loans payable DRP Revolver (1) $ 25,000 (i) Base Rate + 2.75%; or (ii) Base Rate + 3.75% (Eurodollar) 11/5/24 $ 25,000 Revolving Credit Facility (2) 189,473 (i) Base Rate + 2.00%; or (ii) Adjusted Term SOFR Rate + 3.00% 12/2/24 — EB-5 Loan Agreement 26,100 5.75% 1/25/26 — 2021 Bridge Loans 100,527 (i) Base Rate + 1.75%; or (ii) Adjusted Term SOFR Rate + 2.75% 12/15/22 — Total loans payable 341,100 25,000 Bonds payable Series 2020 Bonds 263,980 (i) Tax Exempt Series 2020A Bonds: 3.625% (ii) Tax Exempt Series 2020A Bonds: 4.00% (iii) Taxable Series 2020B Bonds: 6.00% (i) 1/1/35 (ii) 1/1/50 (iii) 1/1/25 263,980 Series 2021 Bonds 425,000 (i) Series 2021A Bonds: 1.875% to 3.000% (ii) Series 2021B Bonds: 4.100% (i) 1/1/26 to 1/1/50 (ii) 1/1/28 — Senior Notes due 2022 (3) — N/A N/A 399,331 Senior Notes due 2025 (4) 852,198 6.50% 10/1/25 852,673 Senior Notes due 2027 400,000 9.75% 8/1/27 400,000 Senior Notes due 2028 (5) 1,002,416 5.50% 5/1/28 — Total bonds payable 2,943,594 1,915,984 Debt 3,284,694 1,940,984 Less: Debt issuance costs (64,483) (36,222) Total debt, net $ 3,220,211 $ 1,904,762 Total debt due within one year $ 100,527 $ 25,000 ______________________________________________________________________________________ (1) 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. (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) Includes unamortized discount of $2,230 and an unamortized premium of $1,561 at December 31, 2020 . (4) Includes unamortized discount of $3,509 and $4,303 at December 31, 2021 and 2020, respectively, and an unamortized premium of $5,707 and $6,976 at December 31, 2021 and 2020, respectively. (5) Includes an unamortized premium of $2,416 at December 31, 2021. 2021 Activity EB-5 Loan Agreement — On January 25, 2021, Jefferson entered into a non-recourse loan agreement under the U.S. Citizenship and Immigration Services EB-5 Program (“EB-5 Loan Agreement”) to pay for the development, construction and acquisition of certain facilities at Jefferson Terminal. The maximum aggregate principal amount available under the EB-5 Loan Agreement is $61.2 million, of which $26.1 million is available under the first tranche and $35.1 million is available under the second tranche. The loans mature in 5 years from the funding of each individual tranche with an option to extend the maturity for both tranches by two one-year periods. If the option to extend the maturity is exercised, the interest rate will increase to 6.25% from 5.75% for the extension period. Senior Notes due 2028 — On April 12, 2021, we issued $500 million aggregate principal amount of senior unsecured notes due 2028 (the “Senior Notes due 2028”). The Senior Notes due 2028 bear interest at a rate of 5.50% per annum, payable semi-annually in arrears on May 1 and November 1 of each year, commencing on November 1, 2021. We used a portion of the proceeds to redeem in full the Senior Notes due 2022 (see below), and used the remaining net proceeds for general corporate purposes, including the funding of acquisitions and investments, including aviation investments. On September 24, 2021, we issued an additional $500 million aggregate principal amount of the Senior Notes due 2028 at an offering price of 100.50%, plus accrued interest from and including April 12, 2021. We used a portion of the net proceeds in the amount of $358.3 million to repay in full the Bridge Loans (as defined below). Senior Notes due 2022 — On May 7, 2021, we redeemed in full the Senior Notes due 2022, which totaled $400 million aggregate principal plus accrued and unpaid interest, and recognized a loss on extinguishment of debt of $3.3 million. Bridge Loan Agreement — On July 28, 2021, in connection with our acquisition of Transtar, we entered into an agreement for senior unsecured bridge term loans (“Bridge Loans”) in an aggregate principal amount of $650 million, which we used to finance the acquisition and other certain fees associated with the transaction. On September 14, 2021, we used net proceeds in the amount of $291.7 million from an equity offering (see Note 20) to repay a portion of the Bridge Loans. On September 24, 2021, we used a portion of the net proceeds in the amount of $358.3 million from our issuance of the Senior Notes due 2028 to repay in full the Bridge Loans. We recorded fees of approximately $12.2 million which are included in Interest expense in the Consolidated Statements of Operations. Series 2021 Bonds — On August 18, 2021, Jefferson issued $425 million aggregate principal amount of Series 2021 Bonds, which are designated as $225 million of Series 2021A Dock and Wharf Facility Revenue Bonds (the “Series 2021A Bonds”) and $200 million of Series 2021B Taxable Facility Revenue Bonds (the “Taxable Series 2021B Bonds”). The Series 2021A Bonds consist of: i) $39.1 million aggregate principal amount of Serial Bonds maturing between January 1, 2026 and January 1, 2031, and bearing interest at specified fixed rates ranging from 1.875% to 2.625% per annum, ii) $38.2 million aggregate principal amount of Term Bonds maturing January 1, 2036, and bearing interest at a fixed rate of 2.750% per annum, iii) $44.9 million aggregate principal amount of Term Bonds maturing January 1, 2041, and bearing interest at a fixed rate of 2.875% per annum, and iv) $102.8 million aggregate principal amount of Term Bonds maturing January 1, 2050, and bearing interest at a fixed rate of 3.00% per annum. The Taxable Series 2021B Bonds will mature on January 1, 2028, and bear interest at a fixed rate of 4.100% per annum. Jefferson used a portion of the net proceeds from the Series 2021 Bonds to repay certain indebtedness, and intend to use a portion of the net proceeds to pay for or reimburse the cost of development, construction and acquisition of certain facilities. DRP Revolver — On November 5, 2021, we entered into an amendment to the DRP Revolver, which extends the maturity date under the DRP Revolver to November 5, 2024. In connection with this extension, the obligations of FTAI to contribute capital in the event of an event of default under the DRP Revolver were terminated. Revolving Credit Facility — On December 2, 2021, we entered into an amendment to the Revolving Credit Facility, which extends the maturity date under the Revolving Credit Facility to December 2, 2024. 2021 Bridge Loans — On December 2, 2021, we entered into an agreement for senior secured bridge term loans (“2021 Bridge Loans”) in an aggregate principal amount of $350.0 million, which we used to finance or refinance certain assets. The 2021 Bridge Loans mature on December 15, 2022. 2020 Activity Series 2020 Bonds — On February 11, 2020, our subsidiary (“Jefferson”) issued Series 2020 Bonds in an aggregate principal amount of $264.0 million (“Jefferson Refinancing”). The Series 2020 Bonds are designated as $184.9 million of Series 2020A Dock and Wharf Facility Revenue Bonds (the “Tax Exempt Series 2020A Bonds”), and $79.1 million of Series 2020B Taxable Facility Revenue Bonds (the “Taxable Series 2020B Bonds”). The Tax Exempt Series 2020A Bonds maturing on January 1, 2035 ($53.5 million aggregate principal amount) bear interest at a fixed rate of 3.625%. The Tax Exempt Series 2020A Bonds maturing on January 1, 2050 ($131.4 million aggregate principal amount) bear interest at a fixed rate of 4.00%. The Taxable Series 2020B Bonds will mature on January 1, 2025 and bear interest at a fixed rate of 6.00%. Jefferson used a portion of the net proceeds from this offering to refund, redeem and defease the Series 2012 Bonds, Series 2016 Bonds and Jefferson Revolver, and intends to use a portion of the net proceeds to pay for or reimburse the cost of development, construction and acquisition of certain facilities, to fund certain reserve and funded interest accounts related to the Series 2020 Bonds, and to pay for or reimburse certain costs of issuance of the Series 2020 Bonds. Jefferson recognized a loss on extinguishment of debt of $4.7 million as a result of this transaction. Revolving Credit Facility — On May 11, 2020, we entered into an amendment to the Revolving Credit Facility which, among other things, (i) permits the incurrence of additional secured indebtedness to finance the potential acquisition of certain aviation assets, subject to certain limitations, (ii) provides that, to the extent borrowings under the existing agreement exceed $150 million, we will pledge certain aviation assets as additional collateral and (iii) incorporates certain other updates, including procedures by which the parties will select a benchmark interest rate. Senior Notes due 2027 — On July 28, 2020, we issued $400 million aggregate principal amount of senior unsecured notes due 2027 (the “2027 Notes”). The 2027 Notes bear interest at a rate of 9.75% per annum, payable semi-annually in arrears on February 1 and August 1 of each year, commencing on February 1, 2021. We used a portion of the proceeds to repay $220 million of outstanding borrowings under the Revolving Credit Facility, and intend to use the remaining proceeds for general corporate purposes, and the funding of future acquisitions and investments, including aviation investments. Senior Notes due 2025 — On December 23, 2020, we issued an additional $400 million of 2025 Notes at an offering price of 101.75% of the principal amount plus accrued interest from and including October 1, 2020. We used a portion of the proceeds to repay $300 million of outstanding 2022 Notes through the Tender Offer (as defined below), and to repay $50 million of borrowings under the Revolving Credit Facility. Tender Offer for Senior Notes due 2022 — On December 9, 2020, we commenced a cash tender offer (the “Tender Offer”) for up to $300 million aggregate principal amount of the 2022 Notes. On December 23, 2020, we completed the Tender Offer for the entire $300 million aggregate principal amount of 2022 Notes validly tendered in connection with the Tender Offer. Holders whose notes were accepted for purchase received total consideration of $1,016.00 per $1,000 principal amount of 2022 Notes, including an early tender premium equal to $30.00 per $1,000 principal amount of 2022 Notes, plus accrued and unpaid interest on the 2022 Notes from September 15, 2020 (the most recent payment of semi-annual interest) to, but not including, December 23, 2020, subject to the terms and conditions of the Tender Offer. We recognized a loss on extinguishment of debt of $6.9 million in connection with this transaction. We were in compliance with all debt covenants as of December 31, 2021. As of December 31, 2021, scheduled principal repayments under our debt agreements for the next five years and thereafter are summarized as follows: 2022 2023 2024 2025 2026 Thereafter Total DRP Revolver $ — $ — $ 25,000 $ — $ — $ — $ 25,000 Revolving Credit Facility — — 189,473 — — — 189,473 EB-5 Loan Agreement — — — — 26,100 — 26,100 2021 Bridge Loans 100,527 — — — — — 100,527 Series 2020 Bonds — — — 79,060 — 184,920 263,980 Series 2021 Bonds — — — — 9,025 415,975 425,000 Senior Notes due 2025 — — — 850,000 — — 850,000 Senior Notes due 2027 — — — — — 400,000 400,000 Senior Notes due 2028 — — — — — 1,000,000 1,000,000 Total principal payments on loans and bonds payable $ 100,527 $ — $ 214,473 $ 929,060 $ 35,125 $ 2,000,895 $ 3,280,080

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2021
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 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, 2021 December 31, 2021 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 188,078 $ 188,078 $ — $ — Market Restricted cash 251,983 251,983 — — Market Derivative assets 2,220 — 2,220 — Income Total assets $ 442,281 $ 440,061 $ 2,220 $ — Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2020 December 31, 2020 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 121,703 $ 121,703 $ — $ — Market Restricted cash 39,715 39,715 — — Market Total assets $ 161,418 $ 161,418 $ — $ — 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. The fair value as of December 31, 2021 of our commodity derivative assets classified as Level 2 measurements are estimated by applying the income and market approaches, based on quotes of observable market transactions, and adjusted for estimated differential factors based on quality and delivery locations. Except as discussed below, our financial instruments other than cash, cash equivalents and restricted cash consist principally of accounts receivable, accounts payable and accrued liabilities, loans payable, bonds payable, security deposits, maintenance deposits and management fees payable, whose fair value approximates their carrying value based on an evaluation of pricing data, vendor quotes, and historical trading activity or due to their short maturity profiles. 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, 2021 2020 Series 2020 A Bonds (1) $ 189,773 $ 186,306 Series 2020 B Bonds (1) 81,637 79,723 Series 2021 A Bonds (1) 222,023 — Series 2021 B Bonds (1) 194,278 — Senior Notes due 2022 — 403,536 Senior Notes due 2025 881,408 888,701 Senior Notes due 2027 448,848 460,340 Senior Notes due 2028 1,019,470 — ______________________________________________________________________________________ (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.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS Commodity Derivatives Crude Oil Depending on market conditions, we sourced crude oil from producers in Canada, arranging logistics to Jefferson Terminal and marketing crude oil to third parties. We exited this strategy in the fourth quarter of 2019. These crude oil forward purchase and sales contracts are not designated in hedging relationships. Butane Depending on market conditions, Repauno enters into forward purchase and sales contracts for butane. These derivatives are short-term in nature, are used for trading purposes and classified as Level 2 derivatives. The following table presents information related to our butane derivative contracts: December 31, 2021 2020 Notional Amount (BBL in thousands) 244 N/A Fair Value of Assets (1) $ 2,220 $ — Term 1 to 3 months N/A ________________________________________________________ (1) Included in Other assets in the Consolidated Balance Sheets. The following table presents a summary of the changes in fair value for all Level 3 crude oil derivatives: Year Ended December 31, 2021 2020 2019 Beginning Balance $ — $ 181 $ 6,545 Net losses recognized in earnings — (181) (6,364) Purchases — — 314 Sales — — (674) Settlements — — 360 Ending Balance $ — $ — $ 181 There were no transfers into or out of Level 3 during the periods presented.

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2021
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 842, while revenues attributed to our Infrastructure business unit are within the scope of ASC 606, unless otherwise noted. We have elected to exclude sales and other similar taxes from revenues. Year Ended December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Equipment leasing revenues Lease income $ 161,985 $ — $ — $ — $ 10,131 $ 172,116 Maintenance revenue 128,819 — — — — 128,819 Finance lease income 1,747 — — — — 1,747 Other revenue 28,871 — — — 4,030 32,901 Total equipment leasing revenues $ 321,422 $ — $ — $ — $ 14,161 $ 335,583 Infrastructure revenues Lease income — 1,688 — 736 — 2,424 Rail revenues — — — 56,803 — 56,803 Terminal services revenues — 44,664 374 — — 45,038 Other revenue — — 11,243 — 4,711 15,954 Total infrastructure revenues — 46,352 11,617 57,539 4,711 120,219 Total revenues $ 321,422 $ 46,352 $ 11,617 $ 57,539 $ 18,872 $ 455,802 Year Ended December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Equipment leasing revenues Lease income $ 166,331 $ — $ — $ — $ 11,145 $ 177,476 Maintenance revenue 101,462 — — — — 101,462 Finance lease income 2,260 — — — — 2,260 Other revenue 11,158 — — — 5,578 16,736 Total equipment leasing revenues $ 281,211 $ — $ — $ — $ 16,723 $ 297,934 Infrastructure revenues Lease income — 1,186 — — — 1,186 Terminal services revenues — 50,887 — — — 50,887 Crude marketing revenues — 8,210 — — — 8,210 Other revenue — — 3,855 — 4,424 8,279 Total infrastructure revenues — 60,283 3,855 — 4,424 68,562 Total revenues $ 281,211 $ 60,283 $ 3,855 $ — $ 21,147 $ 366,496 Year Ended December 31, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Equipment leasing revenues Lease income $ 197,305 $ — $ — $ — $ 9,796 $ 207,101 Maintenance revenue 134,914 — — — — 134,914 Finance lease income 2,648 — — — — 2,648 Other revenue 1,808 — — — 2,851 4,659 Total equipment leasing revenues $ 336,675 $ — $ — $ — $ 12,647 $ 349,322 Infrastructure revenues Lease income — 2,306 1,056 — — 3,362 Terminal services revenues — 35,908 7,057 — — 42,965 Crude marketing revenues — 166,134 — — — 166,134 Other revenue — — 14,074 — 2,917 16,991 Total infrastructure revenues — 204,348 22,187 — 2,917 229,452 Total revenues $ 336,675 $ 204,348 $ 22,187 $ — $ 15,564 $ 578,774 Presented below are the contracted minimum future annual revenues to be received under existing operating and finance leases across several market sectors as of December 31, 2021: Operating leases Finance leases 2022 $ 180,243 $ 394 2023 131,397 258 2024 93,421 113 2025 65,849 10 2026 38,426 — Thereafter 43,355 — Total $ 552,691 $ 775

LEASES

LEASES	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASES	LEASESWe have commitments as lessees under lease agreements primarily for real estate, equipment and vehicles. Our leases have remaining lease terms ranging from approximately two months to 41 years. The following table presents lease related costs: Year Ended December 31, 2021 2020 2019 Finance leases Amortization of right-of-use assets $ 380 $ — $ — Interest on lease liabilities 27 — — Finance lease expense 407 — — Operating lease expense 6,564 4,719 5,857 Short-term lease expense 995 778 3,605 Variable lease expense 1,590 1,379 3,263 Sublease income — — (1,032) Lease expense from continuing operations 9,556 6,876 11,693 Finance lease expense — — 304 Operating lease expense — — 3,705 Lease expense from discontinued operations — — 4,009 Total lease expense $ 9,556 $ 6,876 $ 15,702 The following table presents information related to our operating leases as of and for the year ended December 31, 2021: Right-of-use assets, net $ 75,344 Lease liabilities $ 73,594 Weighted average remaining lease term 33.5 years Weighted average incremental borrowing rate 5.6 % Cash paid for amounts included in the measurement of operating lease liabilities Continuing operations $ 6,114 The following table presents future minimum lease payments under non-cancellable operating leases as of December 31, 2021: 2022 $ 9,723 2023 8,009 2024 7,035 2025 6,719 2026 5,583 Thereafter 142,878 Total undiscounted lease payments 179,947 Less: Imputed interest 106,353 Total lease liabilities $ 73,594 In July 2021, in connection with our acquisition of Transtar, we assumed ROU assets of approximately $12.2 million with a weighted average remaining term of 5.5 years.

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [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, 2021, the Incentive Plan provides for the issuance of up to 29.8 million shares. We account for equity-based compensation expense in accordance with ASC 718 Compensation-Stock Compensation and is reported within operating expenses and general and administrative in the Consolidated Statements of Operations. The following table presents our stock-based compensation expense: Year Ended December 31, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met as of December 31, 2021 2021 2020 2019 Restricted shares $ 3,215 $ 1,676 $ 1,054 $ 3,731 Common units 823 649 455 1,048 Total - continuing operations $ 4,038 $ 2,325 $ 1,509 $ 4,779 Common units - discontinued operations $ — $ — $ 3,114 The following tables present information for our stock options, restricted shares of our subsidiary and common units of our subsidiary: Stock Options Restricted Shares Common Units Options Weighted Average Exercise Price Shares Weighted Average Issuance Price Units Weighted Average Issuance Price Outstanding as of 2,243,692 $ 16.81 578,802 $ 7.64 1,394,475 $ 1.14 Granted 1,684,318 26.35 662,423 8.48 1,052,632 1.14 Less: exercised / vested 165,268 18.22 367,804 8.90 1,223,265 1.13 Less: forfeited and canceled — — 254,180 8.08 263,013 1.14 Outstanding as of 3,762,742 619,241 960,829 Stock Options Restricted Shares Common Units As of December 31, 2021: Weighted average exercise / issuance price (per share) $ 21.02 $ 8.02 $ 1.14 Aggregate intrinsic value (in thousands) $ 29,951 $ 5,569 $ 1,326 Weighted average remaining contractual term (in years) 8.3 1.0 1.1 During the year ended December 31, 2021, the Manager transferred 25,998 of its options to certain of the Manager’s employees. Stock Options In connection with our equity offerings (see Note 20 for details), we granted options to the Manager related to common shares. The fair value of these options was recorded as an increase in equity with an offsetting reduction of capital proceeds received. The following table presents information related to the options related to our shares: Year Ended December 31, 2021 2020 2019 Number of options 1,684,318 129,988 1,262,362 Fair value ($ millions) $13.8 $0.7 $1.8 Ranges Expected volatility The expected stock volatility is based on an assessment of the volatility of our publicly traded common shares 44.78% - 45.60% 61.27% - 62.12% 21.45% - 21.89% 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. 1.34% - 1.70% 0.51% - 0.76% 1.45% - 1.67% Expected dividend yield The expected dividend yield is based on management’s current expected dividend rate. 3.16% - 3.64% 6.23% - 11.79% 6.58% - 8.02% Expected term Expected term used represents the period of time the options granted are expected to be outstanding. 10 years 10 years 10 years Restricted Shares We issued 662,423, 545,806 and 113,121 restricted shares of our subsidiary during the years ended December 31, 2021, 2020 and 2019, respectively, that had grant date fair values of $5.6 million, $4.0 million and $1.5 million, respectively, and generally vest over three years. These awards are subject to continued employment, and the compensation expense is recognized ratably over the vesting periods. The fair value of these awards was based on the fair value of the operating subsidiary on each grant date, which was 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. Common Units We issued 1,052,632, 831,140 and 1,110,000 common units of our subsidiary during the years ended December 31, 2021, 2020 and 2019, respectively, that had grant date fair values of $1.2 million, $0.9 million and $3.4 million, respectively, and vest over three years. These 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, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The current and deferred components of the income tax (benefit) provision included in the Consolidated Statements of Operations are as follows: Year Ended December 31, 2021 2020 2019 Current: Federal $ 602 $ (110) $ 55 State and local 625 328 423 Foreign (11) 496 188 Total current provision 1,216 714 666 Deferred: Federal (2,831) (1,750) 12,937 State and local 260 13 (638) Foreign 298 (4,882) 4,845 Total deferred (benefit) provision (2,273) (6,619) 17,144 (Benefit from) provision for income taxes: Continuing operations (1,057) (5,905) 17,810 Discontinued operations — — 1,076 Total $ (1,057) $ (5,905) $ 18,886 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, except as related to certain wholly owned corporate subsidiaries for which only distributions therefrom flow through to our shareholders. 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 total provision for income taxes and the U.S. federal statutory rate of 21% is as follows: Year Ended December 31, 2021 2020 2019 U.S. federal tax at statutory rate 21.0 % 21.0 % 21.0 % Income not subject to tax at statutory rate (4.8) % (7.9) % (21.7) % State and local taxes (0.6) % (0.3) % (0.1) % Foreign taxes (0.2) % 4.0 % 2.7 % Branch profit tax (0.1) % — % — % Other (3.7) % 0.1 % (0.6) % Change in valuation allowance (10.8) % (11.5) % 7.0 % Provision for income taxes 0.8 % 5.4 % 8.3 % Significant components of our deferred tax assets and liabilities are as follows: December 31, 2021 2020 Deferred tax assets: Net operating loss carryforwards $ 132,836 $ 105,184 Accrued expenses 2,274 468 Interest expense 25,013 26,531 Operating lease liabilities 23,504 10,119 Investment in Partnerships 17,043 — Other 1,124 2,895 Total deferred tax assets 201,794 145,197 Less valuation allowance (142,541) (98,091) Net deferred tax assets 59,253 47,106 Deferred tax liabilities: Investment in partnerships — (13,759) Fixed assets and goodwill (36,972) (29,448) Operating lease right-of-use assets (23,772) (10,062) Net deferred tax liabilities $ (1,491) $ (6,163) Deferred tax assets and liabilities are reported net in Other assets or Other liabilities in the Consolidated Balance Sheets. 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, 2021 and 2020 of $142.5 million and $98.1 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, 2021 2020 Valuation allowance at beginning of period $ 98,091 $ 79,176 Change due to current year losses 44,458 18,915 Change due to current year releases (8) — Valuation allowance at end of period $ 142,541 $ 98,091 As of December 31, 2021, certain of our corporate subsidiaries had U.S. federal net operating loss carryforwards of approximately $459.3 million that are available to offset future taxable income. If not utilized, $169.0 million of these carryforwards will begin to expire in the year 2034, with $290.3 million of these carryforwards having no expiration date. As of December 31, 2021, we also had net operating loss carryforwards for Irish income tax purposes of $246.9 million, which can be carried forward indefinitely against future business income, and $1.9 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. As of and for the period ended December 31, 2021, 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 2018. 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, 2021
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. Additionally, we have entered into certain incentive allocation arrangements with Master GP, which owns approximately 0.05% of the Partnership and is the general partner of the Partnership. The Manager is entitled to a management fee, incentive allocations (comprised of income incentive allocation and capital gains incentive allocation, defined below) and reimbursement of certain expenses. The management fee is determined by taking the average value of total equity (excluding non-controlling interests) determined on a consolidated basis in accordance with U.S. 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 U.S. 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, 2021 2020 2019 Management fees $ 16,322 $ 18,519 $ 14,828 Income incentive allocation — — — Capital gains incentive allocation — — 21,231 Total $ 16,322 $ 18,519 $ 36,059 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, 2021 2020 2019 Classification in the Consolidated Statements of Operations: General and administrative expenses $ 8,761 $ 9,552 $ 11,017 Acquisition and transaction expenses 2,153 2,081 3,399 Total $ 10,914 $ 11,633 $ 14,416 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 an offering of our common shares or other equity securities (including securities issued as consideration in an acquisition), we 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 the Manager. 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, 2021 2020 Accrued management fees $ 1,495 $ 1,461 Other payables 2,326 1,317 As of December 31, 2021 and 2020, no amounts were recorded as a receivable from the Manager. Other Affiliate Transactions As of December 31, 2021 and 2020, 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, 2021 and 2020 was $9.1 million and $17.2 million, respectively. The following table presents the amount of this non-controlling interest share of net loss: Year Ended December 31, 2021 2020 2019 Non-controlling interest share of net loss $ (26,250) $ (16,483) $ (17,357) On June 21, 2018, we, through a wholly owned subsidiary, completed a private offering with several third parties (the “Holders”) to tender their approximately 20% stake in Jefferson Terminal. We increased our majority interest in Jefferson Terminal in exchange for Class B Units of another wholly owned subsidiary, which provide the right to convert such Class B Units to a fixed amount of our shares, equivalent to approximately 1.9 million shares, at a Holder’s request. We have the option to satisfy any exchange request by delivering either common shares or cash. The Holders are entitled to receive distributions equivalent to the distributions paid to our shareholders. This transaction resulted in a purchase of non-controlling interest shares. See Note 20 for details related to conversions during the period. In July 2020, we purchased a 14% interest in FYX from an affiliate of our Manager, which retained a non-controlling interest in FYX subsequent to the transaction. Additionally, other investors in FYX are also affiliates of our Manager. See Note 8 for additional information related to FYX. During the year ended December 31, 2020, we granted options to the Manager in connection with preferred shares sold under the ATM Program (as defined in Note 20). See Note 20 for additional information. 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 was amortized as interest expense to the earlier of the redemption date or February 13, 2020. In connection with the amendment to the Jefferson Revolver, on December 20, 2018, our subsidiary and an affiliate of our Manager entered into an amended and restated Fee and Support Agreement, and our subsidiary issued a $0.3 million promissory note to the affiliate of our Manager, as consideration for the fee payable pursuant to the amended and restated Fee and Support Agreement. In February 2020, the Fee and Support Agreement was terminated in connection with the Jefferson Refinancing.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2021
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 four reportable segments which operate in the Equipment Leasing and Infrastructure businesses across several market sectors. Our reportable segments are (i) Aviation Leasing, (ii) Jefferson Terminal, (iii) Ports and Terminals and (iv) Transtar. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease and are typically held long-term. The Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. The Ports and Terminals segment consists of Repauno, which is a 1,630 acre deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system and multiple industrial development opportunities, and an equity method investment in Long Ridge, which is a 1,660 acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities, including a power plant in operation. In July 2021, we acquired Transtar and it operates as a separate reportable segment within our Infrastructure business. Transtar is comprised of five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities. See Note 4 for additional information. In December 2019, we completed the sale of CMQR, which was formerly reported as our Railroad segment. Under ASC 205-20, this disposition met the criteria to be reported as discontinued operations and the assets, liabilities and results of operations have been presented as discontinued operations for all periods presented. Additionally, in accordance with ASC 280, we assessed our reportable segments. We determined that our retained investment of the railroad business no longer met the requirement as a reportable segment. Accordingly, we have presented this operating segment, along with Corporate results, within Corporate and Other effective in 2019. Corporate and Other primarily consists of debt, unallocated corporate general and administrative expenses, and management fees. Additionally, Corporate and Other includes (i) offshore energy related assets which consist of vessels and equipment that support offshore oil and gas activities and are typically subject to operating leases, (ii) an investment in an unconsolidated entity engaged in the leasing of shipping containers, (iii) railroad assets which consist of equipment that support a railcar cleaning business and (iv) various clean technology and sustainability investments (see Note 8 for additional information) . The accounting policies of the segments are the same as those described in the summary of significant accounting policies; however, financial information presented by segment includes the impact of intercompany eliminations. The chief operating decision maker evaluates investment performance for each reportable segment primarily based on Adjusted EBITDA. Adjusted EBITDA is defined as net income (loss) attributable to shareholders from continuing operations, adjusted (a) to exclude the impact of provision for (benefit from) 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, depreciation and amortization expense, and interest expense, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities, and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities and the non-controlling share of Adjusted EBITDA. We believe that net income (loss) attributable to shareholders, as defined by U.S. GAAP, is the most appropriate earnings measurement with which to reconcile Adjusted EBITDA. Adjusted EBITDA should not be considered as an alternative to net income (loss) attributable to shareholders as determined in accordance with U.S. GAAP. The following tables set forth certain information for each reportable segment: I. For the Year Ended December 31, 2021 Year Ended December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Equipment leasing revenues $ 321,422 $ — $ — $ — $ 14,161 $ 335,583 Infrastructure revenues — 46,352 11,617 57,539 4,711 120,219 Total revenues 321,422 46,352 11,617 57,539 18,872 455,802 Expenses Operating expenses 56,072 48,255 14,403 28,987 24,747 172,464 General and administrative — — — — 17,409 17,409 Acquisition and transaction expenses 3,840 — — 2,841 15,260 21,941 Management fees and incentive allocation to affiliate — — — — 16,322 16,322 Depreciation and amortization 139,972 36,013 9,052 8,320 8,399 201,756 Asset impairment 10,463 — — — — 10,463 Interest expense — 14,812 1,147 53 155,024 171,036 Total expenses 210,347 99,080 24,602 40,201 237,161 611,391 Other income (expense) Equity in (losses) earnings of unconsolidated entities (1,403) — (11,429) — 98 (12,734) Gain on sale of assets, net 49,015 — 16 — — 49,031 Loss on extinguishment of debt — — — — (3,254) (3,254) Interest income 1,153 — 318 — 240 1,711 Other (expense) income (1,680) (4,726) (4,100) (423) 1 (10,928) Total other income (expense) 47,085 (4,726) (15,195) (423) (2,915) 23,826 Income (loss) from continuing operations before income taxes 158,160 (57,454) (28,180) 16,915 (221,204) (131,763) Provision for (benefit from) income taxes 935 230 (3,749) 1,602 (75) (1,057) Net income (loss) from continuing operations 157,225 (57,684) (24,431) 15,313 (221,129) (130,706) Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries — (26,250) (222) — — (26,472) Less: Dividends on preferred shares — — — — 24,758 24,758 Net income (loss) attributable to shareholders from continuing operations $ 157,225 $ (31,434) $ (24,209) $ 15,313 $ (245,887) $ (128,992) The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to shareholders from continuing operations: Year Ended December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Adjusted EBITDA $ 340,613 $ 10,631 $ 21,375 $ 28,129 $ (64,433) $ 336,315 Add: Non-controlling share of Adjusted EBITDA 12,508 Add: Equity in losses of unconsolidated entities (12,734) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (27,892) Less: Interest expense (171,036) Less: Depreciation and amortization expense (229,734) Less: Incentive allocations — Less: Asset impairment charges (10,463) Less: Changes in fair value of non-hedge derivative instruments 2,220 Less: Losses on the modification or extinguishment of debt and capital lease obligations (3,254) Less: Acquisition and transaction expenses (21,941) Less: Equity-based compensation expense (4,038) Less: Benefit from income taxes 1,057 Net loss attributable to shareholders from continuing operations $ (128,992) Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Africa $ 235 $ — $ — $ — $ — $ 235 Asia 114,389 — — — 14,161 128,550 Europe 133,537 — — — — 133,537 North America 62,121 46,352 11,617 57,539 4,711 182,340 South America 11,140 — — — — 11,140 Total revenues $ 321,422 $ 46,352 $ 11,617 $ 57,539 $ 18,872 $ 455,802 II. For the Year Ended December 31, 2020 Year Ended December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Equipment leasing revenues $ 281,211 $ — $ — $ — $ 16,723 $ 297,934 Infrastructure revenues — 60,283 3,855 — 4,424 68,562 Total revenues 281,211 60,283 3,855 — 21,147 366,496 Expenses Operating expenses 20,667 53,072 10,327 — 25,446 109,512 General and administrative — — — — 18,159 18,159 Acquisition and transaction expenses 6,687 — 907 — 2,274 9,868 Management fees and incentive allocation to affiliate — — — — 18,519 18,519 Depreciation and amortization 133,904 29,034 1,497 — 7,965 172,400 Asset impairment 33,978 — — — — 33,978 Interest expense — 9,426 1,335 — 87,445 98,206 Total expenses 195,236 91,532 14,066 — 159,808 460,642 Other (expense) income Equity in (losses) earnings of unconsolidated entities (1,932) — (3,222) — 115 (5,039) Loss on sale of assets, net (300) (8) — — — (308) Loss on extinguishment of debt — (4,724) — — (6,943) (11,667) Interest income 94 22 — — 46 162 Other income — 70 — — — 70 Total other expense (2,138) (4,640) (3,222) — (6,782) (16,782) Income (loss) from continuing operations before income taxes 83,837 (35,889) (13,433) — (145,443) (110,928) (Benefit from) provision for income taxes (4,812) 278 (1,791) — 420 (5,905) Net income (loss) from continuing operations 88,649 (36,167) (11,642) — (145,863) (105,023) Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries — (16,483) (39) — — (16,522) Less: Dividends on preferred shares — — — — 17,869 17,869 Net income (loss) attributable to shareholders from continuing operations $ 88,649 $ (19,684) $ (11,603) $ — $ (163,732) $ (106,370) The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to shareholders from continuing operations: Year Ended December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Adjusted EBITDA $ 288,752 $ 16,118 $ (2,600) $ — $ (58,964) $ 243,306 Add: Non-controlling share of Adjusted EBITDA 9,637 Add: Equity in losses of unconsolidated entities (5,039) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (1,208) Less: Interest expense (98,206) Less: Depreciation and amortization expense (202,746) Less: Incentive allocations — Less: Asset impairment charges (33,978) Less: Changes in fair value of non-hedge derivative instruments (181) Less: Losses on the modification or extinguishment of debt and capital lease obligations (11,667) Less: Acquisition and transaction expenses (9,868) Less: Equity-based compensation expense (2,325) Less: Benefit from income taxes 5,905 Net loss attributable to shareholders from continuing operations $ (106,370) Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Africa $ 10,259 $ — $ — $ — $ — $ 10,259 Asia 110,057 — — — 16,637 126,694 Europe 124,670 — — — — 124,670 North America 32,961 60,283 3,855 — 4,510 101,609 South America 3,264 — — — — 3,264 Total revenues $ 281,211 $ 60,283 $ 3,855 $ — $ 21,147 $ 366,496 III. For the Year Ended December 31, 2019 Year Ended December 31, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Equipment leasing revenues $ 336,675 $ — $ — $ — $ 12,647 $ 349,322 Infrastructure revenues — 204,348 22,187 — 2,917 229,452 Total revenues 336,675 204,348 22,187 — 15,564 578,774 Expenses Operating expenses 17,668 231,506 24,854 — 17,544 291,572 General and administrative — — — — 16,905 16,905 Acquisition and transaction expenses 8,641 — 5,008 — 3,974 17,623 Management fees and incentive allocation to affiliate — — — — 36,059 36,059 Depreciation and amortization 128,990 22,873 9,849 — 7,311 169,023 Asset impairment — — 4,726 — — 4,726 Interest expense — 16,189 1,712 — 77,684 95,585 Total expenses 155,299 270,568 46,149 — 159,477 631,493 Other income (expense) Equity in losses of unconsolidated entities (1,829) (292) (192) — (62) (2,375) Gain on sale of assets, net 81,954 4,636 116,660 — — 203,250 Loss on extinguishment of debt — — — — — — Interest income 104 118 289 — 20 531 Other income — 634 1,809 — 1,002 3,445 Total other income 80,229 5,096 118,566 — 960 204,851 Income (loss) from continuing operations before income taxes 261,605 (61,124) 94,604 — (142,953) 152,132 Provision for income taxes 2,826 284 14,700 — — 17,810 Net income (loss) from continuing operations 258,779 (61,408) 79,904 — (142,953) 134,322 Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries — (17,356) (215) — — (17,571) Less: Dividends on preferred shares — — — — 1,838 1,838 Net income (loss) attributable to shareholders from continuing operations $ 258,779 $ (44,052) $ 80,119 $ — $ (144,791) $ 150,055 The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders from continuing operations: Year Ended December 31, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Adjusted EBITDA $ 429,398 $ (6,160) $ 114,760 $ — $ (34,590) $ 503,408 Add: Non-controlling share of Adjusted EBITDA 9,859 Add: Equity in losses of unconsolidated entities (2,375) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities 1,387 Less: Interest expense (95,585) Less: Depreciation and amortization expense (199,185) Less: Incentive allocations (21,231) Less: Asset impairment charges (4,726) Less: Changes in fair value of non-hedge derivative instruments (4,555) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (17,623) Less: Equity-based compensation expense (1,509) Less: Provision for income taxes (17,810) Net income attributable to shareholders from continuing operations $ 150,055 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Africa $ 14,542 $ — $ — $ — $ — $ 14,542 Asia 119,289 — — — 12,647 131,936 Europe 157,942 — — — — 157,942 North America 36,391 204,348 22,187 — 2,917 265,843 South America 8,511 — — — — 8,511 Total revenues $ 336,675 $ 204,348 $ 22,187 $ — $ 15,564 $ 578,774 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, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Total assets $ 2,098,979 $ 1,284,432 $ 316,899 $ 762,294 $ 401,250 $ 4,863,854 Debt, net — 693,624 25,000 — 2,501,587 3,220,211 Total liabilities 214,564 820,725 50,651 109,325 2,544,489 3,739,754 Non-controlling interests in equity of consolidated subsidiaries — (2,604) 1,888 — 524 (192) Total equity 1,884,415 463,707 266,248 652,969 (2,143,239) 1,124,100 Total liabilities and equity $ 2,098,979 $ 1,284,432 $ 316,899 $ 762,294 $ 401,250 $ 4,863,854 December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Property, plant and equipment and leasing equipment, net Asia $ 368,298 $ — $ — $ — $ 175,313 $ 543,611 Europe 839,555 — — — — 839,555 North America 265,203 786,566 280,210 481,826 5,003 1,818,808 South America 245,532 — — — — 245,532 Total property, plant and equipment and leasing equipment, net $ 1,718,588 $ 786,566 $ 280,210 $ 481,826 $ 180,316 $ 3,447,506 December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Total assets $ 1,704,205 $ 989,928 $ 400,217 $ — $ 293,627 $ 3,387,977 Debt, net — 253,473 25,000 — 1,626,289 1,904,762 Total liabilities 219,692 365,629 38,242 — 1,665,093 2,288,656 Non-controlling interests in equity of consolidated subsidiaries — 20,785 1,354 — 524 22,663 Total equity 1,484,513 624,299 361,975 — (1,371,466) 1,099,321 Total liabilities and equity $ 1,704,205 $ 989,928 $ 400,217 $ — $ 293,627 $ 3,387,977 December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Property, plant and equipment and leasing equipment, net Asia $ 445,566 $ — $ — $ — $ 56,702 $ 502,268 Europe 774,300 — — — — 774,300 North America 208,190 702,393 269,680 — 117,782 1,298,045 South America 25,009 — — — — 25,009 Total property, plant and equipment and leasing equipment, net $ 1,453,065 $ 702,393 $ 269,680 $ — $ 174,484 $ 2,599,622

EARNINGS PER SHARE AND EQUITY

EARNINGS PER SHARE AND EQUITY	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE AND EQUITY	EARNINGS PER SHARE AND EQUITY Basic earnings per common share (“EPS”) is calculated by dividing net income attributable to shareholders by the weighted average number of common shares outstanding, plus any participating securities. Diluted EPS is calculated by dividing net income attributable to shareholders by the weighted average number of common shares outstanding, plus any participating securities and 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) 2021 2020 2019 Net (loss) income from continuing operations $ (130,706) $ (105,023) $ 134,322 Net income from discontinued operations, net of income taxes — 1,331 73,462 Net (loss) income (130,706) (103,692) 207,784 Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries: Continuing operations (26,472) (16,522) (17,571) Discontinued operations — — 247 Less: Dividends on preferred shares 24,758 17,869 1,838 Net (loss) income attributable to shareholders $ (128,992) $ (105,039) $ 223,270 Weighted average shares outstanding: Basic 89,922,088 86,015,702 85,992,019 Diluted 89,922,088 86,015,702 86,029,363 Basic EPS: Continuing operations $ (1.43) $ (1.24) $ 1.74 Discontinued operations $ — $ 0.02 $ 0.85 Diluted EPS: Continuing operations $ (1.43) $ (1.24) $ 1.74 Discontinued operations $ — $ 0.02 $ 0.85 The calculation of Diluted EPS excludes 898,299, 24,652 and 150,981 shares for the years ended December 31, 2021, 2020 and 2019, respectively, because the impact would be anti-dilutive. Certain holders of Class B Units (see Note 18) converted 279,678, 911,448 and 1,134,806 Class B Units, respectively, in exchange for 207,129, 675,015 and 840,434 common shares, respectively, during the years ended December 31, 2021, 2020 and 2019. We issued 17,155 common shares to certain directors as compensation during the year ended December 31, 2021. Common Shares In September 2021, we issued 12,000,000 common shares, par value $0.01 per share, at a price of $25.50 per share. We received net proceeds of $291.7 million after deducting underwriting discounts and offering expenses. The proceeds were used to repay a portion of the Bridge Loans (see Note 10). In October 2021, the underwriters exercised an option to purchase an additional 1,283,863 common shares, par value $0.01 per share, at a price of $25.50 per share. See Note 15 for information related to options issued to the Manager in connection with such offering. Preferred Shares In March 2021, in a public offering, we issued 4,200,000 shares of 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (“Series C Preferred Shares”), par value $0.01 per share, with a liquidation preference of $25.00 per share for net proceeds of approximately $101.2 million. On June 30, 2020, we entered into an At Market Issuance Sales Agreement with a third party to sell shares of our Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (“Series A Preferred Shares”) and Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (“Series B Preferred Shares”, collectively, the “ATM Shares”), having an aggregate offering price of up to $100 million, from time to time, through an “at-the market” equity offering program (the “ATM Program”). We sold 1,070,000 ATM Shares at a weighted average price of $19.54 per share for net proceeds of $20.6 million during the year ended December 31, 2020. In connection with the shares sold under the ATM Program, we granted options to the Manager relating to 129,988 common shares, which had a grant date fair value of $0.7 million. In September 2019, in a public offering, we issued 3,450,000 shares of 8.25% Series A Preferred Shares, par value $0.01 per share, with a liquidation preference of $25.00 per share for net proceeds of approximately $82.9 million. In November 2019, in a public offering, we issued 4,600,000 shares of 8.00% Series B Preferred Shares, par value $0.01 per share, with a liquidation preference of $25.00 per share for net proceeds of approximately $111.1 million. See Note 15 for information related to options issued to the Manager in connection with these offerings.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
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 business, a lessee did not fulfill their obligation under their charter arrangement, therefore we are pursuing rights afforded to us under the charter and the range of potential losses against the obligation is $0.0 million to $3.3 million. 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 conditions are achieved. The contingency related to $5.0 million of the total $15.0 million was resolved during the year ended December 31, 2021. The $5.0 million payment was included in the cost of the asset acquisition. Jefferson entered into a two-year pipeline capacity agreement for a recently completed pipeline. Under the agreement, which took effect in the second quarter of 2021, Jefferson is obligated to pay fixed marketing fees over the two-year agreement, which totals a minimum of $10.2 million per year.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In January 2022, we issued 8,311 common shares to certain directors as compensation. Dividends On February 24, 2022, 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, 2021, payable on March 23, 2022 to the holders of record on March 11, 2022. Additionally, on February 24, 2022, our Board of Directors declared cash dividends on the Series A Preferred Shares, Series B Preferred Shares and Series C Preferred Shares of $0.52, $0.50 and $0.52 per share, respectively, for the quarter ended December 31, 2021, payable on March 15, 2022 to the holders of record on March 7, 2022.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	We consolidate all entities in which we have a controlling financial interest and control over significant operating decisions, as well as variable interest entities (“VIEs”) in which we are the primary beneficiary. All 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 as well as the proportionate interest in adjustments to other comprehensive income (loss).
Use of Estimates	The preparation of financial statements in conformity with U.S. 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 the services offered by us 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. We, through our subsidiaries, 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 and the majority of terminal services revenue are denominated in U.S. dollars.
Variable Interest Entities	The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
Cash and Cash Equivalents and Restricted Cash	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 (see Note 10) and other qualifying constructions projects at Jefferson Terminal.
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 10% of new build cost Railcars and locomotives 1 - 50 years from date of manufacture Scrap value at end of useful life Track and track related assets 1 - 50 years from date of manufacture Scrap value at end of useful life Land, site improvements and rights N/A N/A Bridges and tunnels 15 - 55 years Scrap value at end of useful life Buildings and site improvements 3 - 30 years Scrap value at end of useful life Railroad equipment 2 - 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 2 - 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 2 - 5 years from date of purchase None Construction in progress N/A N/A 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. Project costs of major additions and betterments, including capitalizable engineering costs and other costs directly related to the development or construction of project, 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
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.
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; a significant change in market conditions; 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.
Goodwill	Goodwill includes the excess of the purchase price over the fair value of the net tangible and intangible assets associated with the acquisition of Jefferson Terminal and Transtar. The carrying amount of goodwill was approximately $257.1 million and $122.7 million as of December 31, 2021 and 2020, respectively. The goodwill amounts as of December 31, 2020 related to the Jefferson reporting unit. The increase in 2021 reflects our acquisition of Transtar. See Note 4 for additional information. 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 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, 2021 or 2020. Beginning in 2020, we adopted new guidance regarding the testing and recognition of a goodwill impairment, which prior to 2020 required two steps. A goodwill impairment assessment compares the fair value of the 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 goodwill impairment is recorded to the extent that the carrying value of the reporting unit exceeds its fair value. We estimate the fair value of the Jefferson and Transtar reporting units using an income approach, specifically a discounted cash flow analysis. This analysis requires us to make significant assumptions and estimates about the forecasted revenue growth rates, capital expenditures, the timing of future cash flows, and discount 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.
Intangibles and amortization	Intangibles include the value of acquired favorable and unfavorable leases and existing customer relationships acquired in connection with the acquisition of Jefferson Terminal and Transtar. 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 lease income over the remaining term of the lease.
Equipment Leasing Revenues	Operating Leases — We lease equipment pursuant to 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 or at the end of the lease. 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 cost of maintenance events 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. Estimates in recognizing revenue include mean time between removal, projected costs for engine maintenance and forecasted utilization of aircraft which are affected by historical usage patterns and overall industry, market and economic conditions. Significant changes to these estimates could have a material effect on the amount of revenue recognized in the period. For purchase and lease back transactions, we account for the transaction as a single arrangement. We allocate the consideration paid based on the relative fair value of the aircraft and lease. The fair value of the lease may include a lease premium or discount which is recorded as a favorable or unfavorable lease intangible. In April 2020, the FASB Staff issued a question-and-answer document (the “Q&A”) regarding accounting for lease concessions related to the effects of the COVID-19 pandemic. The Q&A permits an entity to elect to forgo the evaluation of the enforceable rights and obligations of a lease contract required under ASC 842, Leases , as long as the total rent payments after the lease concessions are substantially the same, or less than, the total rent payments in the existing lease. The impact of the COVID-19 related lease concessions granted above did not have a material impact on our results of operations during the year ended December 31, 2021. 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, a bargain purchase option, or provides for minimum lease payments with a present value that equals or exceeds substantially all of the fair value of the leased equipment at the date of lease inception. Net investment in finance leases represents the minimum lease payments due from 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. 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.
Infrastructure Revenues	Infrastructure Revenues Terminal Services Revenues —Terminal services are provided to customers for the receipt and redelivery of various commodities. These revenues relate to performance obligations that are recognized over time using the right to invoice practical expedient, i.e., invoiced as the services are rendered and the customer simultaneously receives and consumes the benefit over the contract term. The Company’s performance of service and right to invoice corresponds with the value delivered to our customers. Revenues are typically invoiced and paid on a monthly basis. Rail Revenues —Rail revenues generally consist of the following performance obligations: industrial switching, interline services, demurrage and storage. Switching revenues are derived from the performance of switching services, which involve the movement of cars from one point to another within the limits of an individual plant, industrial area, or a rail yard. Switching revenues are recognized as the services are performed, and the services are generally completed on the same day they are initiated. Interline revenues are derived from transportation services for railcars that originate or terminate at our railroads and involve one or more other carriers. For interline traffic, one railroad typically invoices a customer on behalf of all railroads participating in the route directed by the customer. The invoicing railroad then pays the other railroads its portion of the total amount invoiced on a monthly basis. We record revenue related to interline traffic for transportation service segments provided by carriers along railroads that are not owned or controlled by us on a net basis. Interline revenues are recognized as the transportation movements occur. Our ancillary services revenue primarily relates to demurrage and storage services. Demurrage represents charges assessed by railroads for the detention of cars by shippers or receivers of freight beyond a specified free time and is recognized on a per day basis. Storage services revenue is earned for the provision of storage of shippers’ railcars and is generally recognized on a per day, per car basis, as the storage services are provided. 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. Crude Marketing Revenues —Crude marketing revenues consist of marketing revenue related to Canadian crude oil. Contracts to sell crude products to customers contain performance obligations to deliver the product over the term of the contract. The revenues are recognized when the control of the product is transferred to the customer, based on the volume delivered and the price within the contract. Revenues are typically invoiced and paid on a monthly basis. Other Revenue —Other revenue primarily consists of revenue related to the handling, storage and sale of raw materials. Revenues for the handling and storage of raw materials relate to performance obligations that are recognized over time using the right to invoice practical expedient, i.e., invoiced as the services are rendered and the customer simultaneously receives and consumes the benefit over the contract term. Our performance of service and right to invoice corresponds with the value delivered to our customers. Revenues for the sale of raw materials relate to contracts that contain performance obligations to deliver the product over the term of the contract. The revenues are recognized when the control of the product is transferred to the customer, based on the volume delivered and the price within the contract. Other revenues are typically invoiced and paid on a monthly basis. Additionally, other revenue consists of revenue related to derivative trading activities. See Commodity Derivatives below for additional information. Payment terms for Infrastructure Revenues are generally short term in nature. Leasing Arrangements —At contract inception, we evaluate whether an arrangement is or contains a lease for which we are the lessee (that is, arrangements which provide us with the right to control a physical asset for a period of time). Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized in Operating lease right-of-use assets, net and Operating lease liabilities in our Consolidated Balance Sheets, respectively. Finance lease ROU assets are recognized in Property, plant and equipment, net and lease liabilities are recognized in Other liabilities in our Consolidated Balance Sheets. All lease liabilities are measured at the present value of the unpaid lease payments, discounted using our incremental borrowing rate based on the information available at commencement date of the lease. ROU assets, for both operating and finance leases, are initially measured based on the lease liability, adjusted for prepaid rent and lease incentives. Operating lease ROU assets are subsequently measured at the carrying amount of the lease liability adjusted for prepaid or accrued lease payments and lease incentives. The finance lease ROU assets are subsequently amortized using the straight-line method. Operating lease expenses are recognized on a straight-line basis over the lease term. With respect to finance leases, amortization of the ROU asset is presented separately from interest expense related to the finance lease liability and is recorded in Operating expenses in the Consolidated Statements of Operations. Variable lease payments, which are primarily based on usage, are recognized when the associated activity occurs. We have elected to combine lease and non-lease components for all lease contracts where we are the lessee. Additionally, for arrangements with lease terms of 12 months or less, we do not recognize ROU assets, and lease liabilities and lease payments are recognized on a straight-line basis over the lease term with variable lease payments recognized in the period in which the obligation is incurred.
Concentration of Credit Risk	We are subject to concentrations of credit risk with respect to amounts due from customers. We attempt to limit our credit risk by performing ongoing credit evaluations.
Provision for Doubtful Accounts	We determine the allowance 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 recorded in other comprehensive income related to cash flow hedges of our equity method investees and pension and other postretirement benefits.
Derivative Financial Instruments	Electricity Derivatives — Through our equity method investment in Long Ridge, we enter into derivative contracts as part of a risk management program to mitigate price risk associated with certain electricity price exposures. We primarily use swap derivative contracts, which are agreements to buy or sell a quantity of electricity at a predetermined future date and at a predetermined price. Cash Flow Hedges Certain of these derivative instruments are designated and qualify as cash flow hedges. Our share of the derivative's gain or loss is reported as Other comprehensive income (loss) related to equity method investees in our Consolidated Statements of Comprehensive (Loss) Income and recorded in Accumulated other comprehensive (loss) income in our Consolidated Balance Sheets. The change in our equity method investment balance related to derivative gains or losses on cash flow hedges is disclosed as a Non-cash change in equity method investment in our Consolidated Statements of Cash Flows. Derivatives Not Designated as Hedging Instruments Certain of these derivative instruments are not designated as hedging instruments for accounting purposes. Our share of change in fair value of these contracts is recognized in Equity in earnings (losses) in unconsolidated entities in the Consolidated Statements of Operations. The cash flow impact of derivative contracts that are not designated as hedging instruments is recognized in Equity in earnings (losses) in unconsolidated entities in our Consolidated Statements of Cash Flows. Commodity Derivatives — We also enter into short-term and long-term crude forward contracts. Gains and losses related to our crude sales and purchase derivatives are recorded on a gross basis and are included in Crude marketing revenues and Operating expenses, respectively, in our Consolidated Statements of Operations. The cash flow impact of these derivatives is recognized in Change in fair value of non-hedge derivatives in our Consolidated Statements of Cash Flows. Additionally, depending on market conditions, we enter into short-term forward purchase and sales contracts for butane. Gains and losses related to our butane derivatives are recorded on a net basis and are included in Other revenue in our Consolidated Statements of Operations, as these contracts are considered part of central operating activities. The cash flow impact of these derivatives is recognized in Change in fair value of non-hedge derivatives in our Consolidated Statements of Cash Flows. See Note 12 for additional details related to our commodity derivatives.
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 and is taxed at currently enacted 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 March 2020 and January 2021, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and ASU 2021-01, Reference Rate Reform: Scope, respectively. Together, the ASUs temporarily simplify the accounting for contract modifications, including hedging relationships, due to the transition from LIBOR and other interbank offered rates to alternative reference interest rates. For example, entities can elect not to remeasure the contracts at the modification date or reassess a previous accounting determination if certain conditions are met. Additionally, entities can elect to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain conditions are met. The new standard was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. Adoption did not have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) . This standard simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The standard also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The standard is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 and early adoption is permitted. We adopted this guidance in the first quarter of 2021, which did not have a material impact on our consolidated financial statements. Unadopted Accounting Pronouncements —
Fair Value Measurement	Fair value measurements and disclosures require the use of valuation techniques to measure fair value that maximize the use of observable inputs and minimize use of unobservable inputs. These inputs are prioritized as follows: • Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs. • Level 3: Unobservable inputs for which there is little or no market data and which require 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.

RETIREMENT BENEFIT PLANS (Table

RETIREMENT BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Schedule of Accumulated and Projected Benefit Obligations	The following table summarizes our retirement plan costs for the year ended December 31, 2021 and estimated benefit obligation as of December 31, 2021. Service costs and interest costs are recorded in Operating expenses and Other (expense) income, respectively, in the Consolidated Statements of Operations. Pension Benefits Postretirement Benefits Benefit obligation as of January 1, 2021 $ — $ — Transtar acquisition 9,055 28,488 Service costs 712 864 Interest costs 108 337 Actuarial losses (gains) (20) 344 Benefits paid (50) — Benefit obligation as of December 31, 2021 $ 9,805 $ 30,033
Schedule Of Estimated Benefit Obligation Weighted Average Assumptions	Weighted-average assumptions used to determine the estimated benefit obligation and period costs as of and for the year ended December 31, 2021 are as follows: Pension Benefits Postretirement Benefits Weighted-average assumptions used to determine pension and postretirement benefit obligations: Discount rate 3.02 % 3.00 % Rate of compensation increase 3.50 % N/A Average future working lifetime (years) N/A 11.34 Initial healthcare cost trend rate - Pre-Medicare N/A 10.00 % Initial healthcare cost trend rate - Medicare eligible N/A 3.00 % Ultimate healthcare cost trend rate N/A 3.94 % Year ultimate healthcare cost trend rate is reached N/A 2075 Weighted-average assumptions used to determine net periodic pension and postretirement costs: Discount rate 2.88 % 2.86 % Rate of compensation increases 3.50 % N/A Average future working lifetime (years) 10.93 11.34 Initial healthcare cost trend rate N/A 6.00 % Ultimate healthcare cost trend rate N/A 3.80 % Year ultimate healthcare cost trend rate is reached N/A 2075
Schedule of Expected Benefit Payments	The following benefit payments, which reflect expected future service and compensation increases, as appropriate, are expected to be made from the Transtar defined benefit plans: Pension Benefits Postretirement Benefits 2022 $ 51 $ 102 2023 143 173 2024 261 251 2025 390 354 2026 496 451 Years 2027-2031 4,501 3,252

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table presents the significant components of net income from discontinued operations: Year Ended December 31, 2021 2020 2019 Revenues Total revenues $ — $ — $ 39,071 Expenses Operating expense — — 32,815 Acquisition and transaction expenses — — 5,526 Depreciation and amortization — — 2,202 Interest expense — — 1,458 Total expenses — — 42,001 Gain on sale of assets, net — 1,331 77,468 Other income — 1,331 77,468 Income before income taxes — 1,331 74,538 Provision for income taxes — — 1,076 Net income — 1,331 73,462 Less: Net income attributable to non-controlling interests in consolidated subsidiaries — — 247 Net income attributable to shareholders $ — $ 1,331 $ 73,215 The following table presents the significant non-cash items and capital expenditures from discontinued operations: Year Ended December 31, 2021 2020 2019 Operating activities: Depreciation and amortization $ — $ — $ 2,202 Amortization of deferred financing costs — — 256 Share-based compensation expense — — 3,114 Investing activities: Purchases of property, plant and equipment $ — $ — $ (6,949)

ACQUISITION OF TRANSTAR, LLC. (

ACQUISITION OF TRANSTAR, LLC. (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary allocation of the purchase price, as presented in our Consolidated Balance Sheets: Fair value of assets acquired: Cash and cash equivalents $ 8,918 Accounts receivable 18,625 Operating lease right-of-use assets 12,231 Property, plant and equipment 490,561 Intangible assets 60,000 Other assets 15,008 Total assets 605,343 Fair value of liabilities assumed: Accounts payable and accrued liabilities 47,010 Operating lease liabilities 10,689 Pension and other postretirement benefits (1) 37,552 Other liabilities 8,487 Total liabilities 103,738 Goodwill (2) 134,402 Total purchase consideration $ 636,007 ________________________________________________________ (1) Included in Other liabilities in the Consolidated Balance Sheets. (2) Goodwill is primarily attributable to the assembled workforce of Transtar and the synergies expected to be achieved. This goodwill is assigned to the new Transtar segment and is deductible for income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table presents the identifiable intangible assets and their estimated useful lives: Estimated useful life in years Fair value Customer relationships 15 $ 60,000
Schedule of Property Plant And Equipment Acquired as Part of Business Combination	The following table presents the property, plant and equipment and their estimated useful lives: Estimated useful life in years Fair value Railcars and locomotives 1 - 40 $ 112,981 Track and track related assets 1 - 40 90,904 Land, site improvements and rights N/A 87,450 Bridges and tunnels 15 - 55 174,889 Buildings and improvements 3 - 25 12,448 Railroad equipment 2 - 15 2,725 Terminal machinery and equipment 2 - 15 3,325 Vehicles 2 - 5 3,740 Construction in progress N/A 1,928 Computer hardware and software 2 - 5 171 Total $ 490,561
Business Acquisition, Pro Forma Information	The following unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place as of January 1, 2020. Year Ended December 31, 2021 2020 Total revenue $ 536,805 $ 481,678 Net loss attributable to shareholders (104,611) (125,989)

LEASING EQUIPMENT, NET (Tables)

LEASING EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lessor, Operating Lease, Carrying Value of Assets Subject to Leases	Leasing equipment, net is summarized as follows: December 31, 2021 2020 Leasing equipment $ 2,356,219 $ 2,042,404 Less: Accumulated depreciation (464,570) (407,145) Leasing equipment, net $ 1,891,649 $ 1,635,259
Lessor, Acquisition and Disposition of Leasing Equipment	The following table presents information related to acquisitions and dispositions of aviation leasing equipment: Year Ended December 31, 2021 2020 2019 Acquisitions: Aircraft 52 20 31 Engines 60 37 31 Dispositions: Aircraft 4 — 5 Engines 56 25 58
Operating Lease, Lease Income	Depreciation expense for leasing equipment is summarized as follows: Year Ended December 31, 2021 2020 2019 Depreciation expense for leasing equipment $ 148,549 $ 142,266 $ 137,004

FINANCE LEASES, NET (Tables)

FINANCE LEASES, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Direct Financing Lease, Lease Income	Finance leases, net are summarized as follows: December 31, 2021 2020 Finance leases $ 8,358 $ 9,389 Unearned revenue (775) (2,462) Finance leases, net $ 7,583 $ 6,927

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net is summarized as follows: December 31, 2021 2020 Land, site improvements and rights $ 149,914 $ 52,047 Construction in progress 154,859 425,261 Bridges and Tunnels 174,889 — Buildings and improvements 19,164 4,491 Terminal machinery and equipment 962,552 557,788 Track and track related assets 100,014 2,349 Railroad equipment 8,331 5,560 Railcars and locomotives 111,574 — Computer hardware and software 5,335 5,101 Furniture and fixtures 3,119 2,449 Other 10,548 5,870 1,700,299 1,060,916 Less: Accumulated depreciation (144,442) (96,553) Property, plant and equipment, net $ 1,555,857 $ 964,363
Depreciation	Depreciation expense for property, plant and equipment is summarized as follows: Year Ended December 31, 2021 2020 2019 Depreciation expense for property, plant and equipment: Continuing operations $ 47,915 $ 26,581 $ 28,466 Discontinued operations — — 2,187 Total $ 47,915 $ 26,581 $ 30,653

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 December 31, 2020 Advanced Engine Repair JV Equity method 25% $ 21,317 $ 22,721 Falcon MSN 177 LLC Equity method 50% 1,600 — Long Ridge Terminal LLC (1) Equity method 50% — 122,539 FYX Trust Holdco LLC Equity 14% 1,255 1,255 GM-FTAI Holdco LLC Equity method See below 52,295 — Clean Planet Energy USA LLC Equity method 50% 858 — $ 77,325 $ 146,515 ________________________________________________________ (1) The carrying value of $17.5 million as of December 31, 2021 is included in Other liabilities in the Consolidated Balance Sheets. The following table presents our proportionate share of equity in (losses) earnings: Year Ended December 31, 2021 2020 2019 Advanced Engine Repair JV $ (1,403) $ (1,931) $ (1,829) JGP Energy Partners LLC — — (292) Intermodal Finance I, Ltd. 470 114 (62) Long Ridge Terminal LLC (11,429) (3,222) (192) GM-FTAI Holdco LLC (205) — — Clean Planet Energy USA LLC (167) — — Total $ (12,734) $ (5,039) $ (2,375)
Equity Method Investments Financial Information	The tables below present summarized financial information for Long Ridge Terminal LLC: December 31, Balance Sheet 2021 2020 Assets Cash and cash equivalents $ 2,932 $ 3,057 Restricted cash 32,469 26,920 Accounts receivable, net 17,896 5,711 Property, plant, and equipment, net 764,607 612,234 Intangible assets, net 4,940 5,320 Goodwill 89,390 89,390 Other assets 14,441 9,384 Total assets $ 926,675 $ 752,016 Liabilities Accounts payable and accrued liabilities $ 16,121 $ 25,173 Debt, net 604,261 445,733 Other liabilities 341,279 36,515 Total liabilities 961,661 507,421 Equity Shareholders’ equity (1,035) 251,403 Accumulated deficit (33,951) (6,808) Total equity (34,986) 244,595 Total liabilities and equity $ 926,675 $ 752,016 Year Ended December 31, Income Statement 2021 2020 Total revenue 85,638 24,917 Expenses Operating expenses 28,310 16,339 Depreciation and amortization 24,836 11,004 Interest expense 11,005 2,037 Total expenses 64,151 29,380 Other expense (44,302) (1,967) Net loss $ (22,815) $ (6,430)

INTANGIBLE ASSETS AND LIABILI_2

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 Aviation Leasing Jefferson Terminal Transtar Total Intangible assets Acquired favorable lease intangibles $ 67,013 $ — $ — $ 67,013 Less: Accumulated amortization (36,051) — — (36,051) Acquired favorable lease intangibles, net 30,962 — — 30,962 Customer relationships — 35,513 60,000 95,513 Less: Accumulated amortization — (26,038) (1,738) (27,776) Acquired customer relationships, net — 9,475 58,262 67,737 Total intangible assets, net $ 30,962 $ 9,475 $ 58,262 $ 98,699 Intangible liabilities Acquired unfavorable lease intangibles $ 14,795 $ — $ — $ 14,795 Less: Accumulated amortization (6,068) — — (6,068) Acquired unfavorable lease intangibles, net $ 8,727 $ — $ — $ 8,727 December 31, 2020 Aviation Leasing Jefferson Terminal Transtar Total Intangible assets Acquired favorable lease intangibles $ 35,349 $ — $ — $ 35,349 Less: Accumulated amortization (29,591) — — (29,591) Acquired favorable lease intangibles, net 5,758 — — 5,758 Customer relationships — 35,513 — 35,513 Less: Accumulated amortization — (22,485) — (22,485) Acquired customer relationships, net — 13,028 — 13,028 Total intangible assets, net $ 5,758 $ 13,028 $ — $ 18,786 Intangible liabilities Acquired unfavorable lease intangibles $ 7,151 $ — $ — $ 7,151 Less: Accumulated amortization (4,604) — — (4,604) Acquired unfavorable lease intangibles, net $ 2,547 $ — $ — $ 2,547
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, 2021 2020 2019 Lease intangibles Equipment leasing revenues $ 4,993 $ 3,747 $ 7,181 Customer relationships: Depreciation and amortization Continuing operations 5,292 3,553 3,553 Discontinued operations — — 15 Total $ 10,285 $ 7,300 $ 10,749
Schedule of Net Annual Amortization of Intangibles	As of December 31, 2021, estimated net annual amortization of intangibles is as follows: 2022 $ 17,242 2023 14,585 2024 10,490 2025 5,782 2026 4,389 Thereafter 37,484 Total $ 89,972

DEBT, NET (Tables)

DEBT, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Our debt, net is summarized as follows: December 31, 2021 December 31, 2020 Outstanding Borrowings Stated Interest Rate Maturity Date Outstanding Borrowings Loans payable DRP Revolver (1) $ 25,000 (i) Base Rate + 2.75%; or (ii) Base Rate + 3.75% (Eurodollar) 11/5/24 $ 25,000 Revolving Credit Facility (2) 189,473 (i) Base Rate + 2.00%; or (ii) Adjusted Term SOFR Rate + 3.00% 12/2/24 — EB-5 Loan Agreement 26,100 5.75% 1/25/26 — 2021 Bridge Loans 100,527 (i) Base Rate + 1.75%; or (ii) Adjusted Term SOFR Rate + 2.75% 12/15/22 — Total loans payable 341,100 25,000 Bonds payable Series 2020 Bonds 263,980 (i) Tax Exempt Series 2020A Bonds: 3.625% (ii) Tax Exempt Series 2020A Bonds: 4.00% (iii) Taxable Series 2020B Bonds: 6.00% (i) 1/1/35 (ii) 1/1/50 (iii) 1/1/25 263,980 Series 2021 Bonds 425,000 (i) Series 2021A Bonds: 1.875% to 3.000% (ii) Series 2021B Bonds: 4.100% (i) 1/1/26 to 1/1/50 (ii) 1/1/28 — Senior Notes due 2022 (3) — N/A N/A 399,331 Senior Notes due 2025 (4) 852,198 6.50% 10/1/25 852,673 Senior Notes due 2027 400,000 9.75% 8/1/27 400,000 Senior Notes due 2028 (5) 1,002,416 5.50% 5/1/28 — Total bonds payable 2,943,594 1,915,984 Debt 3,284,694 1,940,984 Less: Debt issuance costs (64,483) (36,222) Total debt, net $ 3,220,211 $ 1,904,762 Total debt due within one year $ 100,527 $ 25,000 ______________________________________________________________________________________ (1) 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. (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) Includes unamortized discount of $2,230 and an unamortized premium of $1,561 at December 31, 2020 . (4) Includes unamortized discount of $3,509 and $4,303 at December 31, 2021 and 2020, respectively, and an unamortized premium of $5,707 and $6,976 at December 31, 2021 and 2020, respectively. (5) Includes an unamortized premium of $2,416 at December 31, 2021.
Schedule of Maturities of Long-term Debt	As of December 31, 2021, scheduled principal repayments under our debt agreements for the next five years and thereafter are summarized as follows: 2022 2023 2024 2025 2026 Thereafter Total DRP Revolver $ — $ — $ 25,000 $ — $ — $ — $ 25,000 Revolving Credit Facility — — 189,473 — — — 189,473 EB-5 Loan Agreement — — — — 26,100 — 26,100 2021 Bridge Loans 100,527 — — — — — 100,527 Series 2020 Bonds — — — 79,060 — 184,920 263,980 Series 2021 Bonds — — — — 9,025 415,975 425,000 Senior Notes due 2025 — — — 850,000 — — 850,000 Senior Notes due 2027 — — — — — 400,000 400,000 Senior Notes due 2028 — — — — — 1,000,000 1,000,000 Total principal payments on loans and bonds payable $ 100,527 $ — $ 214,473 $ 929,060 $ 35,125 $ 2,000,895 $ 3,280,080

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following tables set forth our financial assets measured at fair value on a recurring basis 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, 2021 December 31, 2021 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 188,078 $ 188,078 $ — $ — Market Restricted cash 251,983 251,983 — — Market Derivative assets 2,220 — 2,220 — Income Total assets $ 442,281 $ 440,061 $ 2,220 $ — Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2020 December 31, 2020 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 121,703 $ 121,703 $ — $ — Market Restricted cash 39,715 39,715 — — Market Total assets $ 161,418 $ 161,418 $ — $ —
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, 2021 2020 Series 2020 A Bonds (1) $ 189,773 $ 186,306 Series 2020 B Bonds (1) 81,637 79,723 Series 2021 A Bonds (1) 222,023 — Series 2021 B Bonds (1) 194,278 — Senior Notes due 2022 — 403,536 Senior Notes due 2025 881,408 888,701 Senior Notes due 2027 448,848 460,340 Senior Notes due 2028 1,019,470 — ______________________________________________________________________________________ (1) Fair value is based upon market prices for similar municipal securities.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents information related to our butane derivative contracts: December 31, 2021 2020 Notional Amount (BBL in thousands) 244 N/A Fair Value of Assets (1) $ 2,220 $ — Term 1 to 3 months N/A ________________________________________________________ (1) Included in Other assets in the Consolidated Balance Sheets. The following table presents a summary of the changes in fair value for all Level 3 crude oil derivatives: Year Ended December 31, 2021 2020 2019 Beginning Balance $ — $ 181 $ 6,545 Net losses recognized in earnings — (181) (6,364) Purchases — — 314 Sales — — (674) Settlements — — 360 Ending Balance $ — $ — $ 181

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Year Ended December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Equipment leasing revenues Lease income $ 161,985 $ — $ — $ — $ 10,131 $ 172,116 Maintenance revenue 128,819 — — — — 128,819 Finance lease income 1,747 — — — — 1,747 Other revenue 28,871 — — — 4,030 32,901 Total equipment leasing revenues $ 321,422 $ — $ — $ — $ 14,161 $ 335,583 Infrastructure revenues Lease income — 1,688 — 736 — 2,424 Rail revenues — — — 56,803 — 56,803 Terminal services revenues — 44,664 374 — — 45,038 Other revenue — — 11,243 — 4,711 15,954 Total infrastructure revenues — 46,352 11,617 57,539 4,711 120,219 Total revenues $ 321,422 $ 46,352 $ 11,617 $ 57,539 $ 18,872 $ 455,802 Year Ended December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Equipment leasing revenues Lease income $ 166,331 $ — $ — $ — $ 11,145 $ 177,476 Maintenance revenue 101,462 — — — — 101,462 Finance lease income 2,260 — — — — 2,260 Other revenue 11,158 — — — 5,578 16,736 Total equipment leasing revenues $ 281,211 $ — $ — $ — $ 16,723 $ 297,934 Infrastructure revenues Lease income — 1,186 — — — 1,186 Terminal services revenues — 50,887 — — — 50,887 Crude marketing revenues — 8,210 — — — 8,210 Other revenue — — 3,855 — 4,424 8,279 Total infrastructure revenues — 60,283 3,855 — 4,424 68,562 Total revenues $ 281,211 $ 60,283 $ 3,855 $ — $ 21,147 $ 366,496 Year Ended December 31, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Equipment leasing revenues Lease income $ 197,305 $ — $ — $ — $ 9,796 $ 207,101 Maintenance revenue 134,914 — — — — 134,914 Finance lease income 2,648 — — — — 2,648 Other revenue 1,808 — — — 2,851 4,659 Total equipment leasing revenues $ 336,675 $ — $ — $ — $ 12,647 $ 349,322 Infrastructure revenues Lease income — 2,306 1,056 — — 3,362 Terminal services revenues — 35,908 7,057 — — 42,965 Crude marketing revenues — 166,134 — — — 166,134 Other revenue — — 14,074 — 2,917 16,991 Total infrastructure revenues — 204,348 22,187 — 2,917 229,452 Total revenues $ 336,675 $ 204,348 $ 22,187 $ — $ 15,564 $ 578,774
Lessor, Operating Lease, Payments to be Received, Maturity	Presented below are the contracted minimum future annual revenues to be received under existing operating and finance leases across several market sectors as of December 31, 2021: Operating leases Finance leases 2022 $ 180,243 $ 394 2023 131,397 258 2024 93,421 113 2025 65,849 10 2026 38,426 — Thereafter 43,355 — Total $ 552,691 $ 775
Finance Lease, Liability, Fiscal Year Maturity	Presented below are the contracted minimum future annual revenues to be received under existing operating and finance leases across several market sectors as of December 31, 2021: Operating leases Finance leases 2022 $ 180,243 $ 394 2023 131,397 258 2024 93,421 113 2025 65,849 10 2026 38,426 — Thereafter 43,355 — Total $ 552,691 $ 775

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lease, Cost	The following table presents lease related costs: Year Ended December 31, 2021 2020 2019 Finance leases Amortization of right-of-use assets $ 380 $ — $ — Interest on lease liabilities 27 — — Finance lease expense 407 — — Operating lease expense 6,564 4,719 5,857 Short-term lease expense 995 778 3,605 Variable lease expense 1,590 1,379 3,263 Sublease income — — (1,032) Lease expense from continuing operations 9,556 6,876 11,693 Finance lease expense — — 304 Operating lease expense — — 3,705 Lease expense from discontinued operations — — 4,009 Total lease expense $ 9,556 $ 6,876 $ 15,702
Supplemental Information Related to Leases	The following table presents information related to our operating leases as of and for the year ended December 31, 2021: Right-of-use assets, net $ 75,344 Lease liabilities $ 73,594 Weighted average remaining lease term 33.5 years Weighted average incremental borrowing rate 5.6 % Cash paid for amounts included in the measurement of operating lease liabilities Continuing operations $ 6,114
Lessee, Operating Lease, Liability, Maturity	The following table presents future minimum lease payments under non-cancellable operating leases as of December 31, 2021: 2022 $ 9,723 2023 8,009 2024 7,035 2025 6,719 2026 5,583 Thereafter 142,878 Total undiscounted lease payments 179,947 Less: Imputed interest 106,353 Total lease liabilities $ 73,594

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Arrangements	The following table presents our stock-based compensation expense: Year Ended December 31, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met as of December 31, 2021 2021 2020 2019 Restricted shares $ 3,215 $ 1,676 $ 1,054 $ 3,731 Common units 823 649 455 1,048 Total - continuing operations $ 4,038 $ 2,325 $ 1,509 $ 4,779 Common units - discontinued operations $ — $ — $ 3,114 The following tables present information for our stock options, restricted shares of our subsidiary and common units of our subsidiary: Stock Options Restricted Shares Common Units Options Weighted Average Exercise Price Shares Weighted Average Issuance Price Units Weighted Average Issuance Price Outstanding as of 2,243,692 $ 16.81 578,802 $ 7.64 1,394,475 $ 1.14 Granted 1,684,318 26.35 662,423 8.48 1,052,632 1.14 Less: exercised / vested 165,268 18.22 367,804 8.90 1,223,265 1.13 Less: forfeited and canceled — — 254,180 8.08 263,013 1.14 Outstanding as of 3,762,742 619,241 960,829 Stock Options Restricted Shares Common Units As of December 31, 2021: Weighted average exercise / issuance price (per share) $ 21.02 $ 8.02 $ 1.14 Aggregate intrinsic value (in thousands) $ 29,951 $ 5,569 $ 1,326 Weighted average remaining contractual term (in years) 8.3 1.0 1.1
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair value of these options was recorded as an increase in equity with an offsetting reduction of capital proceeds received. The following table presents information related to the options related to our shares: Year Ended December 31, 2021 2020 2019 Number of options 1,684,318 129,988 1,262,362 Fair value ($ millions) $13.8 $0.7 $1.8 Ranges Expected volatility The expected stock volatility is based on an assessment of the volatility of our publicly traded common shares 44.78% - 45.60% 61.27% - 62.12% 21.45% - 21.89% 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. 1.34% - 1.70% 0.51% - 0.76% 1.45% - 1.67% Expected dividend yield The expected dividend yield is based on management’s current expected dividend rate. 3.16% - 3.64% 6.23% - 11.79% 6.58% - 8.02% Expected term Expected term used represents the period of time the options granted are expected to be outstanding. 10 years 10 years 10 years

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The current and deferred components of the income tax (benefit) provision included in the Consolidated Statements of Operations are as follows: Year Ended December 31, 2021 2020 2019 Current: Federal $ 602 $ (110) $ 55 State and local 625 328 423 Foreign (11) 496 188 Total current provision 1,216 714 666 Deferred: Federal (2,831) (1,750) 12,937 State and local 260 13 (638) Foreign 298 (4,882) 4,845 Total deferred (benefit) provision (2,273) (6,619) 17,144 (Benefit from) provision for income taxes: Continuing operations (1,057) (5,905) 17,810 Discontinued operations — — 1,076 Total $ (1,057) $ (5,905) $ 18,886
Schedule of Effective Income Tax Rate Reconciliation	The difference between our reported total provision for income taxes and the U.S. federal statutory rate of 21% is as follows: Year Ended December 31, 2021 2020 2019 U.S. federal tax at statutory rate 21.0 % 21.0 % 21.0 % Income not subject to tax at statutory rate (4.8) % (7.9) % (21.7) % State and local taxes (0.6) % (0.3) % (0.1) % Foreign taxes (0.2) % 4.0 % 2.7 % Branch profit tax (0.1) % — % — % Other (3.7) % 0.1 % (0.6) % Change in valuation allowance (10.8) % (11.5) % 7.0 % Provision for income taxes 0.8 % 5.4 % 8.3 %
Schedule of Deferred Tax Assets and Liabilities	Significant components of our deferred tax assets and liabilities are as follows: December 31, 2021 2020 Deferred tax assets: Net operating loss carryforwards $ 132,836 $ 105,184 Accrued expenses 2,274 468 Interest expense 25,013 26,531 Operating lease liabilities 23,504 10,119 Investment in Partnerships 17,043 — Other 1,124 2,895 Total deferred tax assets 201,794 145,197 Less valuation allowance (142,541) (98,091) Net deferred tax assets 59,253 47,106 Deferred tax liabilities: Investment in partnerships — (13,759) Fixed assets and goodwill (36,972) (29,448) Operating lease right-of-use assets (23,772) (10,062) Net deferred tax liabilities $ (1,491) $ (6,163)
Summary of Valuation Allowance	A summary of the changes in the valuation allowance is as follows: December 31, 2021 2020 Valuation allowance at beginning of period $ 98,091 $ 79,176 Change due to current year losses 44,458 18,915 Change due to current year releases (8) — Valuation allowance at end of period $ 142,541 $ 98,091

MANAGEMENT AGREEMENT AND AFFI_2

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 2019 Management fees $ 16,322 $ 18,519 $ 14,828 Income incentive allocation — — — Capital gains incentive allocation — — 21,231 Total $ 16,322 $ 18,519 $ 36,059
Reimbursement to Manager	The following table summarizes our reimbursements to the Manager: Year Ended December 31, 2021 2020 2019 Classification in the Consolidated Statements of Operations: General and administrative expenses $ 8,761 $ 9,552 $ 11,017 Acquisition and transaction expenses 2,153 2,081 3,399 Total $ 10,914 $ 11,633 $ 14,416
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, 2021 2020 Accrued management fees $ 1,495 $ 1,461 Other payables 2,326 1,317
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, 2021 2020 2019 Non-controlling interest share of net loss $ (26,250) $ (16,483) $ (17,357)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables set forth certain information for each reportable segment: I. For the Year Ended December 31, 2021 Year Ended December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Equipment leasing revenues $ 321,422 $ — $ — $ — $ 14,161 $ 335,583 Infrastructure revenues — 46,352 11,617 57,539 4,711 120,219 Total revenues 321,422 46,352 11,617 57,539 18,872 455,802 Expenses Operating expenses 56,072 48,255 14,403 28,987 24,747 172,464 General and administrative — — — — 17,409 17,409 Acquisition and transaction expenses 3,840 — — 2,841 15,260 21,941 Management fees and incentive allocation to affiliate — — — — 16,322 16,322 Depreciation and amortization 139,972 36,013 9,052 8,320 8,399 201,756 Asset impairment 10,463 — — — — 10,463 Interest expense — 14,812 1,147 53 155,024 171,036 Total expenses 210,347 99,080 24,602 40,201 237,161 611,391 Other income (expense) Equity in (losses) earnings of unconsolidated entities (1,403) — (11,429) — 98 (12,734) Gain on sale of assets, net 49,015 — 16 — — 49,031 Loss on extinguishment of debt — — — — (3,254) (3,254) Interest income 1,153 — 318 — 240 1,711 Other (expense) income (1,680) (4,726) (4,100) (423) 1 (10,928) Total other income (expense) 47,085 (4,726) (15,195) (423) (2,915) 23,826 Income (loss) from continuing operations before income taxes 158,160 (57,454) (28,180) 16,915 (221,204) (131,763) Provision for (benefit from) income taxes 935 230 (3,749) 1,602 (75) (1,057) Net income (loss) from continuing operations 157,225 (57,684) (24,431) 15,313 (221,129) (130,706) Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries — (26,250) (222) — — (26,472) Less: Dividends on preferred shares — — — — 24,758 24,758 Net income (loss) attributable to shareholders from continuing operations $ 157,225 $ (31,434) $ (24,209) $ 15,313 $ (245,887) $ (128,992) Year Ended December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Equipment leasing revenues $ 281,211 $ — $ — $ — $ 16,723 $ 297,934 Infrastructure revenues — 60,283 3,855 — 4,424 68,562 Total revenues 281,211 60,283 3,855 — 21,147 366,496 Expenses Operating expenses 20,667 53,072 10,327 — 25,446 109,512 General and administrative — — — — 18,159 18,159 Acquisition and transaction expenses 6,687 — 907 — 2,274 9,868 Management fees and incentive allocation to affiliate — — — — 18,519 18,519 Depreciation and amortization 133,904 29,034 1,497 — 7,965 172,400 Asset impairment 33,978 — — — — 33,978 Interest expense — 9,426 1,335 — 87,445 98,206 Total expenses 195,236 91,532 14,066 — 159,808 460,642 Other (expense) income Equity in (losses) earnings of unconsolidated entities (1,932) — (3,222) — 115 (5,039) Loss on sale of assets, net (300) (8) — — — (308) Loss on extinguishment of debt — (4,724) — — (6,943) (11,667) Interest income 94 22 — — 46 162 Other income — 70 — — — 70 Total other expense (2,138) (4,640) (3,222) — (6,782) (16,782) Income (loss) from continuing operations before income taxes 83,837 (35,889) (13,433) — (145,443) (110,928) (Benefit from) provision for income taxes (4,812) 278 (1,791) — 420 (5,905) Net income (loss) from continuing operations 88,649 (36,167) (11,642) — (145,863) (105,023) Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries — (16,483) (39) — — (16,522) Less: Dividends on preferred shares — — — — 17,869 17,869 Net income (loss) attributable to shareholders from continuing operations $ 88,649 $ (19,684) $ (11,603) $ — $ (163,732) $ (106,370) Year Ended December 31, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Equipment leasing revenues $ 336,675 $ — $ — $ — $ 12,647 $ 349,322 Infrastructure revenues — 204,348 22,187 — 2,917 229,452 Total revenues 336,675 204,348 22,187 — 15,564 578,774 Expenses Operating expenses 17,668 231,506 24,854 — 17,544 291,572 General and administrative — — — — 16,905 16,905 Acquisition and transaction expenses 8,641 — 5,008 — 3,974 17,623 Management fees and incentive allocation to affiliate — — — — 36,059 36,059 Depreciation and amortization 128,990 22,873 9,849 — 7,311 169,023 Asset impairment — — 4,726 — — 4,726 Interest expense — 16,189 1,712 — 77,684 95,585 Total expenses 155,299 270,568 46,149 — 159,477 631,493 Other income (expense) Equity in losses of unconsolidated entities (1,829) (292) (192) — (62) (2,375) Gain on sale of assets, net 81,954 4,636 116,660 — — 203,250 Loss on extinguishment of debt — — — — — — Interest income 104 118 289 — 20 531 Other income — 634 1,809 — 1,002 3,445 Total other income 80,229 5,096 118,566 — 960 204,851 Income (loss) from continuing operations before income taxes 261,605 (61,124) 94,604 — (142,953) 152,132 Provision for income taxes 2,826 284 14,700 — — 17,810 Net income (loss) from continuing operations 258,779 (61,408) 79,904 — (142,953) 134,322 Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries — (17,356) (215) — — (17,571) Less: Dividends on preferred shares — — — — 1,838 1,838 Net income (loss) attributable to shareholders from continuing operations $ 258,779 $ (44,052) $ 80,119 $ — $ (144,791) $ 150,055
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to shareholders from continuing operations: Year Ended December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Adjusted EBITDA $ 340,613 $ 10,631 $ 21,375 $ 28,129 $ (64,433) $ 336,315 Add: Non-controlling share of Adjusted EBITDA 12,508 Add: Equity in losses of unconsolidated entities (12,734) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (27,892) Less: Interest expense (171,036) Less: Depreciation and amortization expense (229,734) Less: Incentive allocations — Less: Asset impairment charges (10,463) Less: Changes in fair value of non-hedge derivative instruments 2,220 Less: Losses on the modification or extinguishment of debt and capital lease obligations (3,254) Less: Acquisition and transaction expenses (21,941) Less: Equity-based compensation expense (4,038) Less: Benefit from income taxes 1,057 Net loss attributable to shareholders from continuing operations $ (128,992) The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to shareholders from continuing operations: Year Ended December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Adjusted EBITDA $ 288,752 $ 16,118 $ (2,600) $ — $ (58,964) $ 243,306 Add: Non-controlling share of Adjusted EBITDA 9,637 Add: Equity in losses of unconsolidated entities (5,039) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (1,208) Less: Interest expense (98,206) Less: Depreciation and amortization expense (202,746) Less: Incentive allocations — Less: Asset impairment charges (33,978) Less: Changes in fair value of non-hedge derivative instruments (181) Less: Losses on the modification or extinguishment of debt and capital lease obligations (11,667) Less: Acquisition and transaction expenses (9,868) Less: Equity-based compensation expense (2,325) Less: Benefit from income taxes 5,905 Net loss attributable to shareholders from continuing operations $ (106,370) The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders from continuing operations: Year Ended December 31, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Adjusted EBITDA $ 429,398 $ (6,160) $ 114,760 $ — $ (34,590) $ 503,408 Add: Non-controlling share of Adjusted EBITDA 9,859 Add: Equity in losses of unconsolidated entities (2,375) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities 1,387 Less: Interest expense (95,585) Less: Depreciation and amortization expense (199,185) Less: Incentive allocations (21,231) Less: Asset impairment charges (4,726) Less: Changes in fair value of non-hedge derivative instruments (4,555) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (17,623) Less: Equity-based compensation expense (1,509) Less: Provision for income taxes (17,810) Net income attributable to shareholders from continuing operations $ 150,055
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, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Africa $ 235 $ — $ — $ — $ — $ 235 Asia 114,389 — — — 14,161 128,550 Europe 133,537 — — — — 133,537 North America 62,121 46,352 11,617 57,539 4,711 182,340 South America 11,140 — — — — 11,140 Total revenues $ 321,422 $ 46,352 $ 11,617 $ 57,539 $ 18,872 $ 455,802 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Africa $ 10,259 $ — $ — $ — $ — $ 10,259 Asia 110,057 — — — 16,637 126,694 Europe 124,670 — — — — 124,670 North America 32,961 60,283 3,855 — 4,510 101,609 South America 3,264 — — — — 3,264 Total revenues $ 281,211 $ 60,283 $ 3,855 $ — $ 21,147 $ 366,496 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Year Ended December 31, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Revenues Africa $ 14,542 $ — $ — $ — $ — $ 14,542 Asia 119,289 — — — 12,647 131,936 Europe 157,942 — — — — 157,942 North America 36,391 204,348 22,187 — 2,917 265,843 South America 8,511 — — — — 8,511 Total revenues $ 336,675 $ 204,348 $ 22,187 $ — $ 15,564 $ 578,774
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, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Total assets $ 2,098,979 $ 1,284,432 $ 316,899 $ 762,294 $ 401,250 $ 4,863,854 Debt, net — 693,624 25,000 — 2,501,587 3,220,211 Total liabilities 214,564 820,725 50,651 109,325 2,544,489 3,739,754 Non-controlling interests in equity of consolidated subsidiaries — (2,604) 1,888 — 524 (192) Total equity 1,884,415 463,707 266,248 652,969 (2,143,239) 1,124,100 Total liabilities and equity $ 2,098,979 $ 1,284,432 $ 316,899 $ 762,294 $ 401,250 $ 4,863,854 December 31, 2021 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Property, plant and equipment and leasing equipment, net Asia $ 368,298 $ — $ — $ — $ 175,313 $ 543,611 Europe 839,555 — — — — 839,555 North America 265,203 786,566 280,210 481,826 5,003 1,818,808 South America 245,532 — — — — 245,532 Total property, plant and equipment and leasing equipment, net $ 1,718,588 $ 786,566 $ 280,210 $ 481,826 $ 180,316 $ 3,447,506 December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Total assets $ 1,704,205 $ 989,928 $ 400,217 $ — $ 293,627 $ 3,387,977 Debt, net — 253,473 25,000 — 1,626,289 1,904,762 Total liabilities 219,692 365,629 38,242 — 1,665,093 2,288,656 Non-controlling interests in equity of consolidated subsidiaries — 20,785 1,354 — 524 22,663 Total equity 1,484,513 624,299 361,975 — (1,371,466) 1,099,321 Total liabilities and equity $ 1,704,205 $ 989,928 $ 400,217 $ — $ 293,627 $ 3,387,977 December 31, 2020 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Ports and Terminals Transtar Corporate and Other Total Property, plant and equipment and leasing equipment, net Asia $ 445,566 $ — $ — $ — $ 56,702 $ 502,268 Europe 774,300 — — — — 774,300 North America 208,190 702,393 269,680 — 117,782 1,298,045 South America 25,009 — — — — 25,009 Total property, plant and equipment and leasing equipment, net $ 1,453,065 $ 702,393 $ 269,680 $ — $ 174,484 $ 2,599,622

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 2019 Net (loss) income from continuing operations $ (130,706) $ (105,023) $ 134,322 Net income from discontinued operations, net of income taxes — 1,331 73,462 Net (loss) income (130,706) (103,692) 207,784 Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries: Continuing operations (26,472) (16,522) (17,571) Discontinued operations — — 247 Less: Dividends on preferred shares 24,758 17,869 1,838 Net (loss) income attributable to shareholders $ (128,992) $ (105,039) $ 223,270 Weighted average shares outstanding: Basic 89,922,088 86,015,702 85,992,019 Diluted 89,922,088 86,015,702 86,029,363 Basic EPS: Continuing operations $ (1.43) $ (1.24) $ 1.74 Discontinued operations $ — $ 0.02 $ 0.85 Diluted EPS: Continuing operations $ (1.43) $ (1.24) $ 1.74 Discontinued operations $ — $ 0.02 $ 0.85

RETIREMENT BENEFIT PLANS - Sche

RETIREMENT BENEFIT PLANS - Schedule Of Projected Benefit Obligation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance	$ 0
Transtar acquisition	9,055
Service costs	712
Interest costs	108
Actuarial losses (gains)	(20)
Benefits paid	(50)
Benefit obligation, ending balance	9,805
Postretirement Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance	0
Transtar acquisition	28,488
Service costs	864
Interest costs	337
Actuarial losses (gains)	344
Benefits paid	0
Benefit obligation, ending balance	$ 30,033

RETIREMENT BENEFIT PLANS - Weig

RETIREMENT BENEFIT PLANS - Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2021
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted-average assumptions used to determine pension benefit obligation. discount rate	3.02%
Weighted-average assumptions used to determine pension benefit obligation, rate of compensation increase	3.50%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, discount rate	2.88%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, rate of compensation increases	3.50%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, average future working lifetime (years)	10 years 11 months 4 days
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted-average assumptions used to determine pension benefit obligation. discount rate	3.00%
Weighted-average assumptions used to determine pension benefit obligation,, average future working lifetime	11 years 4 months 2 days
Weighted-average assumptions used to determine pension benefit obligation, initial healthcare cost trend rate, pre-medicare	10.00%
Weighted-average assumptions used to determine pension benefit obligation, initial healthcare cost rate, medicare eligible	3.00%
Weighted-average assumptions used to determine pension benefit obligation ultimate healthcare cost trend rate	3.94%
Weighted-average assumptions used to determine pension benefit obligation, year ultimate trend rate is reached	2075
Weighted-average assumptions used to determine net periodic pension and postretirement costs, discount rate	2.86%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, average future working lifetime (years)	11 years 4 months 2 days
Weighted-average assumptions used to determine net periodic pension and postretirement costs, initial healthcare cost trend rate	6.00%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, ultimate healthcare cost trend rate	3.80%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, year ultimate healthcare cost trend rate is reached	2075

RETIREMENT BENEFIT PLANS - Expe

RETIREMENT BENEFIT PLANS - Expected Future Service and Compensation Increases (Details) $ in Thousands	Dec. 31, 2021USD ($)
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2022	$ 51
2023	143
2024	261
2025	390
2026	496
Years 2027-2031	4,501
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2022	102
2023	173
2024	251
2025	354
2026	451
Years 2027-2031	$ 3,252

ORGANIZATION (Details)

ORGANIZATION (Details)	12 Months Ended
	Dec. 31, 2021number_of_segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	4
Number of primary businesses	2

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, bbl in Millions	1 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)	Dec. 31, 2021USD ($)$ / sharesbbl	Dec. 31, 2020USD ($)$ / shares	Dec. 31, 2019USD ($)$ / shares
Accounting Policies [Line Items]
Depreciation expense		$ 47,915,000	$ 26,581,000	$ 30,653,000
Interest paid, capitalized		10,100,000	20,900,000	11,900,000
Cost of property repairs and maintenance		9,000,000	4,100,000	5,000,000
Goodwill		$ 257,137,000	122,735,000
Barrels for storage capacity in operation | bbl		4.3
Number of barrels for storage, under construction | bbl		1.9
Goodwill, impairment loss		$ 0	0	0
Debt issuance cost		64,483,000	36,222,000
Amortization		21,700,000	7,300,000	8,100,000
Provision for doubtful accounts		16,900,000	4,600,000
Bad debt expense		12,953,000	3,595,000	$ 3,986,000
Maintenance right assets		5,100,000	6,400,000
Spare parts		$ 100,300,000	$ 58,200,000
Common stock dividends declared (in dollars per share) | $ / shares		$ 1.32	$ 1.32
Total liabilities		$ 3,739,754,000	$ 2,288,656,000
Total assets		$ 4,863,854,000	$ 3,387,977,000
Measurement Input, Discounted Rate On Goodwill Impairment
Accounting Policies [Line Items]
Alternative investment, measurement input		0.090
Measurement Input, Growth Rate
Accounting Policies [Line Items]
Alternative investment, measurement input		0.020
Series A Preferred Shares
Accounting Policies [Line Items]
Preferred stock dividends declared (in dollars per share) | $ / shares		$ 2.06	$ 2.06	$ 0.53
Series B Preferred Shares
Accounting Policies [Line Items]
Preferred stock dividends declared (in dollars per share) | $ / shares		2	$ 2.10
Series C Preferred Stock
Accounting Policies [Line Items]
Preferred stock dividends declared (in dollars per share) | $ / shares		$ 1.49
Continuing Operations
Accounting Policies [Line Items]
Bad debt expense		$ 13,000,000	$ 3,600,000	$ 3,800,000
Total liabilities			2,288,656,000
Total assets			3,387,977,000
Revolving Credit Facility
Accounting Policies [Line Items]
Debt issuance cost		2,900,000	1,600,000
Other Assets
Accounting Policies [Line Items]
Inventory, crude oil		6,800,000	100,000
Leasing equipment, purchase deposits		13,700,000	6,100,000
Lease incentive receivable		46,900,000	55,100,000
Prepaid expense		21,400,000	10,100,000
Receivable with Imputed Interest, Net Amount		$ 40,400,000	$ 700,000
Aviation Leasing | Customer Concentration Risk | Sales Revenue, Segment
Accounting Policies [Line Items]
Concentration risk percentage		11.00%	11.00%
Jefferson Terminal | Customer Concentration Risk | Sales Revenue, Segment
Accounting Policies [Line Items]
Concentration risk percentage				19.00%
Major Accounts Receivable Customer, Customer One | Customer Concentration Risk | Accounts Receivable
Accounting Policies [Line Items]
Concentration risk percentage		36.00%	40.00%
Major Accounts Receivable Customer, Customer Two | Customer Concentration Risk | Accounts Receivable
Accounting Policies [Line Items]
Concentration risk percentage		13.00%	15.00%
Transtar | Customer Concentration Risk | Sales Revenue, Segment
Accounting Policies [Line Items]
Concentration risk percentage		12.00%
Delaware River Partners LLC | Variable Interest Entity, Primary Beneficiary
Accounting Policies [Line Items]
Ownership percentage		98.00%
Interest held in VIE		100.00%
GM-FTAI Holdco LLC | Variable Interest Entity, Not Primary Beneficiary
Accounting Policies [Line Items]
Ownership percentage		50.00%
Payments to acquire investment	$ 52,500,000
Gladieux Metals Recycling | Variable Interest Entity, Not Primary Beneficiary
Accounting Policies [Line Items]
Ownership percentage	1.00%	1.00%
Repauno | Variable Interest Entity, Primary Beneficiary
Accounting Policies [Line Items]
Total liabilities		$ 32,600,000	$ 32,200,000
Total assets		$ 316,500,000	$ 273,600,000
Drydockings | Minimum
Accounting Policies [Line Items]
Useful life, property plant and equipment		30 months
Drydockings | Maximum
Accounting Policies [Line Items]
Useful life, property plant and equipment		60 months
Aircraft engines | Minimum
Accounting Policies [Line Items]
Useful life, property plant and equipment		2 years
Aircraft engines | Maximum
Accounting Policies [Line Items]
Useful life, property plant and equipment		6 years
Acquired Leases
Accounting Policies [Line Items]
Useful life, intangibles		61 months
Customer relationships | Minimum
Accounting Policies [Line Items]
Useful life, intangibles		5 years
Customer relationships | Maximum
Accounting Policies [Line Items]
Useful life, intangibles		15 years
Weighted average amortization period		154 months

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Useful Lives) (Details)	12 Months Ended
	Dec. 31, 2021
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	1 year
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	1 year
Track and track related assets | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	50 years
Bridges and Tunnels | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	15 years
Bridges and Tunnels | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	55 years
Buildings and site improvements | Minimum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	3 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	2 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	2 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	2 years
Computer hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Useful life, property plant and equipment	5 years

DISCONTINUED OPERATIONS (Compon

DISCONTINUED OPERATIONS (Components of Net Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Expenses
Discontinued operations	$ 0	$ 0	$ 1,076
Net income	0	1,331	73,462
Less: Net income attributable to non-controlling interests in consolidated subsidiaries	0	0	247
Discontinued Operations, Disposed of by Sale | CMQR
Revenues
Total revenues	0	0	39,071
Expenses
Operating expense	0	0	32,815
Acquisition and transaction expenses	0	0	5,526
Depreciation and amortization	0	0	2,202
Interest expense	0	0	1,458
Total expenses	0	0	42,001
Gain on sale of assets, net	0	1,331	77,468
Other income	0	1,331	77,468
Income before income taxes	0	1,331	74,538
Discontinued operations	0	0	1,076
Net income	0	1,331	73,462
Less: Net income attributable to non-controlling interests in consolidated subsidiaries	0	0	247
Net income attributable to shareholders	$ 0	$ 1,331	$ 73,215

DISCONTINUED OPERATIONS (Signif

DISCONTINUED OPERATIONS (Significant Cash Flow Items) (Details) - Discontinued Operations, Disposed of by Sale - CMQR - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating activities:
Depreciation and amortization	$ 0	$ 0	$ 2,202
Amortization of deferred financing costs	0	0	256
Share-based compensation expense	0	0	3,114
Investing activities:
Purchases of property, plant and equipment	$ 0	$ 0	$ (6,949)

ACQUISITION OF TRANSTAR, LLC. -

ACQUISITION OF TRANSTAR, LLC. - Narrative (Details) $ in Thousands	Jul. 28, 2021USD ($)shipping_contrainer	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 02, 2021USD ($)	Jul. 29, 2021USD ($)
Business Acquisition [Line Items]
Number of freight railroads | shipping_contrainer	5
Transaction related costs		$ 21,941	$ 9,868	$ 17,623
Debt, net		$ 3,220,211	$ 1,904,762
ACQUISITIONS		ACQUISITION OF TRANSTAR LLCOn July 28, 2021, we completed the acquisition for 100% of the equity interests of Transtar, LLC (“Transtar”) from United States Steel Corporation (“USS”) for total cash consideration of $636 million. Transtar is comprised of five freight railroads and one switching company, of which two railroads are connected to USS’s largest production facilities. We also entered into an exclusive rail partnership with USS, under which we will provide rail service to USS for an initial term of 15 years with minimum volume commitments for the first five years. Transtar operates as a separate reportable segment within our Infrastructure business. See Note 19 for additional information. The results of operations at Transtar have been included in the Consolidated Statements of Operations as of the effective date of the acquisition. In connection with the acquisition, we recorded $9.8 million of acquisition and transaction expense during the year ended December 31, 2021. We funded the transaction with bridge loans in an aggregate principal amount of $650 million. In September 2021, we issued new equity and debt and repaid in full the bridge loans. See Notes 10 and 20 for additional information. In accordance with ASC 805, the following fair values were assigned to assets acquired and liabilities assumed based on management’s estimates and assumptions and are preliminary. The significant assumptions used to estimate the fair value of the property, plant and equipment included replacement cost estimates, salvage values and market data for similar assets where available. The significant assumptions used to estimate the value of the customer relationship intangible assets included discount rate and future revenues and operating expenses. The final valuation and related allocation of the purchase price is subject to change as additional information is received and will be completed no later than 12 months after the closing date. The final acquisition accounting adjustments may be materially different and may include (i) changes in fair values of Property, plant and equipment and associated salvage values; (ii) changes in allocations to Intangible assets, as well as goodwill; and, (iii) other changes to assets and liabilities, such as working capital accounts and inventory. The following table summarizes the preliminary allocation of the purchase price, as presented in our Consolidated Balance Sheets: Fair value of assets acquired: Cash and cash equivalents $ 8,918 Accounts receivable 18,625 Operating lease right-of-use assets 12,231 Property, plant and equipment 490,561 Intangible assets 60,000 Other assets 15,008 Total assets 605,343 Fair value of liabilities assumed: Accounts payable and accrued liabilities 47,010 Operating lease liabilities 10,689 Pension and other postretirement benefits (1) 37,552 Other liabilities 8,487 Total liabilities 103,738 Goodwill (2) 134,402 Total purchase consideration $ 636,007 ________________________________________________________ (1) Included in Other liabilities in the Consolidated Balance Sheets. (2) Goodwill is primarily attributable to the assembled workforce of Transtar and the synergies expected to be achieved. This goodwill is assigned to the new Transtar segment and is deductible for income tax purposes. The following table presents the identifiable intangible assets and their estimated useful lives: Estimated useful life in years Fair value Customer relationships 15 $ 60,000 The following table presents the property, plant and equipment and their estimated useful lives: Estimated useful life in years Fair value Railcars and locomotives 1 - 40 $ 112,981 Track and track related assets 1 - 40 90,904 Land, site improvements and rights N/A 87,450 Bridges and tunnels 15 - 55 174,889 Buildings and improvements 3 - 25 12,448 Railroad equipment 2 - 15 2,725 Terminal machinery and equipment 2 - 15 3,325 Vehicles 2 - 5 3,740 Construction in progress N/A 1,928 Computer hardware and software 2 - 5 171 Total $ 490,561 The unaudited financial information in the table below summarizes the combined results of operations of FTAI and Transtar on a pro forma basis, as though the companies had been combined as of January 1, 2020. These pro forma results were based on estimates and assumptions which we believe are reasonable. The pro forma adjustments are primarily comprised of the following: • The allocation of the purchase price and related adjustments, including adjustments to depreciation and amortization expense related to the fair value of property, plant and equipment and intangible assets acquired; • Impacts of debt financing, including interest for debt issued and amortization of deferred financing costs; • The exclusion of acquisition-related costs incurred during the year ended December 31, 2021 and allocation of substantially all acquisition-related costs to the year ended December 31, 2020; and • Associated tax-related impacts of adjustments. The following unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place as of January 1, 2020. Year Ended December 31, 2021 2020 Total revenue $ 536,805 $ 481,678 Net loss attributable to shareholders (104,611) (125,989)
Bridge Loans
Business Acquisition [Line Items]
Debt, net	$ 650,000				$ 350,000	$ 650,000
Transtar
Business Acquisition [Line Items]
Percent interest acquired	100.00%
Total purchase consideration	$ 636,007
Consideration term	15 years
Transaction related costs		$ 9,800

ACQUISITION OF TRANSTAR, LLC._2

ACQUISITION OF TRANSTAR, LLC. - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jul. 28, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 257,137		$ 122,735
Transtar
Business Acquisition [Line Items]
Cash and cash equivalents		$ 8,918
Accounts receivable, net		18,625
Operating lease right-of-use assets, net		12,231
Property, plant and equipment, net		490,561
Intangible assets, net		60,000
Other assets		15,008
Total assets		605,343
Accounts payable and accrued liabilities		47,010
Operating lease liabilities		10,689
Pension and other postretirement benefits (1)		37,552
Other liabilities		8,487
Total liabilities		103,738
Goodwill		134,402
Total purchase consideration		$ 636,007

ACQUISITION OF TRANSTAR, LLC._3

ACQUISITION OF TRANSTAR, LLC. - Intangible Assets Acquired (Details) - Customer relationships - USD ($) $ in Thousands	Jul. 28, 2021	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Total intangible assets		$ 67,737	$ 13,028
Transtar
Business Acquisition [Line Items]
Total intangible assets	$ 60,000
Minimum
Business Acquisition [Line Items]
Useful life, intangibles		5 years
Maximum
Business Acquisition [Line Items]
Useful life, intangibles		15 years
Maximum | Transtar
Business Acquisition [Line Items]
Useful life, intangibles	15 years

ACQUISITION OF TRANSTAR, LLC._4

ACQUISITION OF TRANSTAR, LLC. - Property, Plant, and Equipment Acquired (Details) - USD ($) $ in Thousands	Jul. 28, 2021	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Property, plant, and equipment, net		$ 1,555,857	$ 964,363
Transtar
Business Acquisition [Line Items]
Property, plant, and equipment, net	$ 490,561
Transtar | Railcars and locomotives
Business Acquisition [Line Items]
Property, plant, and equipment, net	112,981
Transtar | Track and track related assets
Business Acquisition [Line Items]
Property, plant, and equipment, net	90,904
Transtar | Land, site improvements and rights
Business Acquisition [Line Items]
Property, plant, and equipment, net	87,450
Transtar | Bridges and tunnels
Business Acquisition [Line Items]
Property, plant, and equipment, net	174,889
Transtar | Buildings and improvements
Business Acquisition [Line Items]
Property, plant, and equipment, net	12,448
Transtar | Railroad equipment
Business Acquisition [Line Items]
Property, plant, and equipment, net	2,725
Transtar | Terminal machinery and equipment
Business Acquisition [Line Items]
Property, plant, and equipment, net	3,325
Transtar | Vehicles
Business Acquisition [Line Items]
Property, plant, and equipment, net	3,740
Transtar | Construction in progress
Business Acquisition [Line Items]
Property, plant, and equipment, net	1,928
Transtar | Computer Equipment
Business Acquisition [Line Items]
Property, plant, and equipment, net	$ 171
Minimum | Railcars and locomotives
Business Acquisition [Line Items]
Useful life		1 year
Minimum | Track and track related assets
Business Acquisition [Line Items]
Useful life		1 year
Minimum | Railroad equipment
Business Acquisition [Line Items]
Useful life		2 years
Minimum | Vehicles
Business Acquisition [Line Items]
Useful life		2 years
Minimum | Transtar | Railcars and locomotives
Business Acquisition [Line Items]
Useful life	1 year
Minimum | Transtar | Track and track related assets
Business Acquisition [Line Items]
Useful life	1 year
Minimum | Transtar | Bridges and tunnels
Business Acquisition [Line Items]
Useful life	15 years
Minimum | Transtar | Buildings and improvements
Business Acquisition [Line Items]
Useful life	3 years
Minimum | Transtar | Railroad equipment
Business Acquisition [Line Items]
Useful life	2 years
Minimum | Transtar | Terminal machinery and equipment
Business Acquisition [Line Items]
Useful life	2 years
Minimum | Transtar | Vehicles
Business Acquisition [Line Items]
Useful life	2 years
Minimum | Transtar | Computer Equipment
Business Acquisition [Line Items]
Useful life	2 years
Maximum | Railcars and locomotives
Business Acquisition [Line Items]
Useful life		50 years
Maximum | Track and track related assets
Business Acquisition [Line Items]
Useful life		50 years
Maximum | Railroad equipment
Business Acquisition [Line Items]
Useful life		15 years
Maximum | Vehicles
Business Acquisition [Line Items]
Useful life		7 years
Maximum | Transtar | Railcars and locomotives
Business Acquisition [Line Items]
Useful life	40 years
Maximum | Transtar | Track and track related assets
Business Acquisition [Line Items]
Useful life	40 years
Maximum | Transtar | Bridges and tunnels
Business Acquisition [Line Items]
Useful life	55 years
Maximum | Transtar | Buildings and improvements
Business Acquisition [Line Items]
Useful life	25 years
Maximum | Transtar | Railroad equipment
Business Acquisition [Line Items]
Useful life	15 years
Maximum | Transtar | Terminal machinery and equipment
Business Acquisition [Line Items]
Useful life	15 years
Maximum | Transtar | Vehicles
Business Acquisition [Line Items]
Useful life	5 years
Maximum | Transtar | Computer Equipment
Business Acquisition [Line Items]
Useful life	5 years

ACQUISITION OF TRANSTAR, LLC._5

ACQUISITION OF TRANSTAR, LLC. - Pro Forma Information (Details) - Transtar - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Revenues	$ 536,805	$ 481,678
Net loss attributable to shareholders	$ (104,611)	$ (125,989)

LEASING EQUIPMENT, NET (Details

LEASING EQUIPMENT, NET (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)aircraftcommercial_jet_engine	Dec. 31, 2020USD ($)aircraftcommercial_jet_engines	Dec. 31, 2019USD ($)aircraftcommercial_jet_engines
Lessor, Lease, Description [Line Items]
Leasing equipment	$ 1,700,299	$ 1,060,916
Less: Accumulated depreciation	(144,442)	(96,553)
Property, plant and equipment, net	1,555,857	964,363
Depreciation expense for leasing equipment	$ 47,915	$ 26,581	$ 30,653
Dispositions:
Aircraft | aircraft	4	0	5
Engines	56	25	58
Acquisitions:
Aircraft | aircraft	52	20	31
Engines	60	37	31
Leasing Equipment
Lessor, Lease, Description [Line Items]
Leasing equipment	$ 2,356,219	$ 2,042,404
Less: Accumulated depreciation	(464,570)	(407,145)
Property, plant and equipment, net	1,891,649	1,635,259
Depreciation expense for leasing equipment	148,549	$ 142,266	$ 137,004
Impairment charges	$ 10,500

FINANCE LEASES, NET (Details)

FINANCE LEASES, NET (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)airframe	Dec. 31, 2020USD ($)
Leases [Abstract]
Finance leases	$ 8,358	$ 9,389
Unearned revenue	(775)	(2,462)
Finance leases, net	$ 7,583	6,927
Sales-type lease, term of contract	52 months
Number of airframes | airframe	5
Proceeds from insurance		$ 1,000

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,700,299	$ 1,060,916
Less: Accumulated depreciation	(144,442)	(96,553)
Property, plant and equipment, net	1,555,857	964,363
Land, site improvements and rights
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	149,914	52,047
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	154,859	425,261
Bridges and Tunnels
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	174,889	0
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	19,164	4,491
Terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	962,552	557,788
Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	100,014	2,349
Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,331	5,560
Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross			$ 111,574	$ 0
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,335	5,101
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,119	2,449
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,548	$ 5,870

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, NET (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property, plant and equipment acquired	$ 639.4	$ 258.9

PROPERTY, PLANT AND EQUIPMENT_5

PROPERTY, PLANT AND EQUIPMENT, NET (Depreciation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Depreciation expense for property, plant and equipment:
Continuing operations	$ 47,915	$ 26,581	$ 28,466
Discontinued operations	0	0	2,187
Total	$ 47,915	$ 26,581	$ 30,653

INVESTMENTS (Earnings or Losses

INVESTMENTS (Earnings or Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Nov. 30, 2021	Jul. 31, 2020	Aug. 31, 2019	Dec. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Investments	$ 77,325	$ 146,515
Income (loss) from equity method investments	$ (12,734)	(5,039)	$ (2,375)
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%					25.00%		25.00%
Investments	$ 21,317	22,721						$ 15,000
Income (loss) from equity method investments	$ (1,403)	(1,931)	(1,829)
Falcon MSN 177 LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
Investments		0		$ 1,600
Long Ridge Terminal LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
Investments	$ 0	122,539
Income (loss) from equity method investments	(11,429)	(3,222)	(192)
Long Ridge Terminal LLC | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Investments	17,500
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage							50.00%
Income (loss) from equity method investments	0	0	(292)
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Income (loss) from equity method investments	$ 470	114	(62)
FYX Trust Holdco LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	14.00%				14.00%
Investments	$ 1,255	1,255			$ 1,300
GM-FTAI Holdco LLC
Schedule of Equity Method Investments [Line Items]
Investments	52,295	0
Income (loss) from equity method investments	$ (205)	0	0
Clean Planet Energy USA LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
Investments	$ 858	0		$ 1,000
Income (loss) from equity method investments	$ (167)	$ 0	$ 0

INVESTMENTS (Narrative) (Detail

INVESTMENTS (Narrative) (Details)	1 Months Ended			12 Months Ended
	Sep. 30, 2021USD ($)	Dec. 31, 2019USD ($)	Aug. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)shipping_contrainer	Nov. 30, 2021USD ($)	Jul. 31, 2020USD ($)	Dec. 31, 2017	Dec. 31, 2016USD ($)	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Carrying value of investment				$ 146,515,000	$ 77,325,000
Total assets				3,387,977,000	4,863,854,000
Total liabilities				2,288,656,000	3,739,754,000
Total equity				1,076,658,000	1,124,292,000
Total liabilities and equity				3,387,977,000	4,863,854,000
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Property, plant, and equipment, net				612,234,000	764,607,000
Other assets				9,384,000	14,441,000
Total assets				752,016,000	926,675,000
Other liabilities				36,515,000	341,279,000
Total liabilities				507,421,000	961,661,000
Accumulated deficit				(6,808,000)	(33,951,000)
Total equity				244,595,000	(34,986,000)
Total liabilities and equity				752,016,000	$ 926,675,000
Clean Planet Energy USA LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage						50.00%
Falcon MSN 177 LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage						50.00%
Long Ridge Terminal LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage					50.00%
Ownership percentage sold		49.90%
Proceeds from sale of equity investment		$ 150,000,000
Gain related to Long Ridge transaction				116,700,000
Carrying value of investment				122,539,000	$ 0
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Ownership percentage			25.00%		25.00%				25.00%
Carrying value of investment				22,721,000	$ 21,317,000				$ 15,000,000
Equity method investment contribution amount			$ 13,500,000
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage								50.00%
Gain related to Long Ridge transaction		$ 4,600,000
Remaining ownership amount purchased		50.00%
Payments to acquire investment		$ 30,000,000
Additional goodwill recorded		$ 6,600,000
FYX Trust Holdco LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage					14.00%		14.00%
Carrying value of investment				1,255,000	$ 1,255,000		$ 1,300,000
Falcon MSN 177 LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage					50.00%
Carrying value of investment				0		$ 1,600,000
Clean Planet Energy USA LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage					50.00%
Carrying value of investment				$ 0	$ 858,000	$ 1,000,000
Shipping Containers Subject to Multiple Operating Leases | Containers | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Shipping containers subject to multiple operating leases | shipping_contrainer					500
FIG | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage										51.00%
Variable Interest Entity, Not Primary Beneficiary | Gladieux Metals Recycling
Schedule of Equity Method Investments [Line Items]
Ownership percentage	1.00%				1.00%
Variable Interest Entity, Not Primary Beneficiary | GM-FTAI Holdco LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage					50.00%
Payments to acquire investment	$ 52,500,000
Variable Interest Entity, Not Primary Beneficiary | GMR and Aleon
Schedule of Equity Method Investments [Line Items]
Ownership percentage	100.00%
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Total assets	$ 4,863,854	$ 3,387,977
Liabilities
Total liabilities	3,739,754	2,288,656
Equity
Total equity	1,124,292	1,076,658
Total liabilities and equity	4,863,854	3,387,977
Income Statement
Total revenues	455,802	366,496	$ 578,774
Total expenses	611,391	460,642	$ 631,493
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Assets
Cash and cash equivalents	2,932	3,057
Restricted cash	32,469	26,920
Accounts receivable, net	17,896	5,711
Property, plant, and equipment, net	764,607	612,234
Intangible assets, net	4,940	5,320
Goodwill	89,390	89,390
Other assets	14,441	9,384
Total assets	926,675	752,016
Liabilities
Accounts payable and accrued liabilities	16,121	25,173
Debt, net	604,261	445,733
Other liabilities	341,279	36,515
Total liabilities	961,661	507,421
Equity
Shareholders’ equity	(1,035)	251,403
Accumulated deficit	(33,951)	(6,808)
Total equity	(34,986)	244,595
Total liabilities and equity	926,675	752,016
Income Statement
Total revenues	85,638	24,917
Operating expenses	28,310	16,339
Depreciation and amortization	24,836	11,004
Interest expense	11,005	2,037
Total expenses	64,151	29,380
Other expense	(44,302)	(1,967)
Net loss	$ (22,815)	$ (6,430)

INTANGIBLE ASSETS AND LIABILI_3

INTANGIBLE ASSETS AND LIABILITIES, NET (Summarized Intangible Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Intangible assets
Total intangible assets, net	$ 98,699	$ 18,786
Intangible liabilities
Acquired unfavorable lease intangibles	14,795	7,151
Less: Accumulated amortization	(6,068)	(4,604)
Acquired unfavorable lease intangibles, net	8,727	2,547
Acquired favorable lease intangibles
Intangible assets
Acquired finite-lived intangibles	67,013	35,349
Less: Accumulated amortization	(36,051)	(29,591)
Total	30,962	5,758
Customer relationships
Intangible assets
Acquired finite-lived intangibles	95,513	35,513
Less: Accumulated amortization	(27,776)	(22,485)
Total	67,737	13,028
Aviation Leasing
Intangible assets
Total intangible assets, net	30,962	5,758
Intangible liabilities
Acquired unfavorable lease intangibles	14,795	7,151
Less: Accumulated amortization	(6,068)	(4,604)
Acquired unfavorable lease intangibles, net	8,727	2,547
Aviation Leasing | Acquired favorable lease intangibles
Intangible assets
Acquired finite-lived intangibles	67,013	35,349
Less: Accumulated amortization	(36,051)	(29,591)
Total	30,962	5,758
Aviation Leasing | Customer relationships
Intangible assets
Acquired finite-lived intangibles	0	0
Less: Accumulated amortization	0	0
Total	0	0
Jefferson Terminal
Intangible assets
Total intangible assets, net	9,475	13,028
Intangible liabilities
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Jefferson Terminal | Acquired favorable lease intangibles
Intangible assets
Acquired finite-lived intangibles	0	0
Less: Accumulated amortization	0	0
Total	0	0
Jefferson Terminal | Customer relationships
Intangible assets
Acquired finite-lived intangibles	35,513	35,513
Less: Accumulated amortization	(26,038)	(22,485)
Total	9,475	13,028
Transtar
Intangible assets
Total intangible assets, net	58,262	0
Intangible liabilities
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Transtar | Acquired favorable lease intangibles
Intangible assets
Acquired finite-lived intangibles	0	0
Less: Accumulated amortization	0	0
Total	0	0
Transtar | Customer relationships
Intangible assets
Acquired finite-lived intangibles	60,000	0
Less: Accumulated amortization	(1,738)	0
Total	$ 58,262	$ 0

INTANGIBLE ASSETS AND LIABILI_4

INTANGIBLE ASSETS AND LIABILITIES, NET (Intangible Liabilities Amortization) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Total	$ 10,285	$ 7,300	$ 10,749
Equipment leasing revenues | Lease intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization of lease intangible assets and liabilities	4,993	3,747	7,181
Depreciation and amortization | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	5,292	3,553	3,553
Depreciation and amortization | Customer relationships | Discontinued operations
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 0	$ 0	$ 15

INTANGIBLE ASSETS AND LIABILI_5

INTANGIBLE ASSETS AND LIABILITIES, NET (Schedule of Future Amortization Expense) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 17,242
2023	14,585
2024	10,490
2025	5,782
2026	4,389
Thereafter	37,484
Total	$ 89,972

DEBT, NET (Schedule of Debt) (D

DEBT, NET (Schedule of Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Sep. 24, 2021	May 07, 2021	Apr. 12, 2021	Dec. 31, 2020	Jul. 28, 2020	Feb. 11, 2020
Debt Instrument [Line Items]
Debt	$ 3,284,694				$ 1,940,984
Less: Debt issuance costs	(64,483)				(36,222)
Total debt, net	3,220,211				1,904,762
Total debt due within one year	100,527				25,000
DRP Revolver
Debt Instrument [Line Items]
Total debt, net	25,000
EB-5 Loan Agreement
Debt Instrument [Line Items]
Total debt, net	26,100
2021 Bridge Loans
Debt Instrument [Line Items]
Total debt, net	100,527
Series 2020 Bonds
Debt Instrument [Line Items]
Total debt, net	263,980
Series 2020A Maturing in 2035
Debt Instrument [Line Items]
Stated rate							3.625%
Series 2020A Maturing in 2050
Debt Instrument [Line Items]
Stated rate							4.00%
Series 2021 Bonds
Debt Instrument [Line Items]
Total debt, net	425,000
Series 2021A Bonds
Debt Instrument [Line Items]
Total debt, net	225,000
Series 2021B Bonds
Debt Instrument [Line Items]
Total debt, net	200,000
Senior Notes Due 2022
Debt Instrument [Line Items]
Total debt, net			$ 400,000
Senior Notes due 2025
Debt Instrument [Line Items]
Total debt, net	850,000
Senior Notes due 2027
Debt Instrument [Line Items]
Total debt, net	400,000
Stated rate						9.75%
Senior Notes due 2028
Debt Instrument [Line Items]
Total debt, net	1,000,000	$ 500,000		$ 500,000
Stated rate				5.50%
Loans payable
Debt Instrument [Line Items]
Total debt, net	341,100				25,000
Loans payable | DRP Revolver
Debt Instrument [Line Items]
Total debt, net	$ 25,000				25,000
Commitment fee rate	0.875%
Loans payable | EB-5 Loan Agreement
Debt Instrument [Line Items]
Stated rate	5.75%
Bonds payable
Debt Instrument [Line Items]
Total debt, net	$ 2,943,594				1,915,984
Bonds payable | EB-5 Loan Agreement
Debt Instrument [Line Items]
Stated rate	5.75%
Bonds payable | Series 2020 Bonds
Debt Instrument [Line Items]
Total debt, net	$ 263,980				263,980
Stated rate	6.00%
Bonds payable | Series 2020A Maturing in 2035
Debt Instrument [Line Items]
Stated rate	3.625%
Bonds payable | Series 2020A Maturing in 2050
Debt Instrument [Line Items]
Stated rate	4.00%
Bonds payable | Series 2021 Bonds
Debt Instrument [Line Items]
Total debt, net	$ 425,000				0
Bonds payable | Series 2021A Bonds | Minimum
Debt Instrument [Line Items]
Stated rate	1.875%
Bonds payable | Series 2021A Bonds | Maximum
Debt Instrument [Line Items]
Stated rate	3.00%
Bonds payable | Series 2021B Bonds
Debt Instrument [Line Items]
Stated rate	4.10%
Bonds payable | Series 2021B Bonds | Maximum
Debt Instrument [Line Items]
Stated rate	4.10%
Bonds payable | Senior Notes Due 2022
Debt Instrument [Line Items]
Total debt, net	$ 0				399,331
Unamortized premium					1,561
Unamortized discount					2,230
Bonds payable | Senior Notes due 2025
Debt Instrument [Line Items]
Total debt, net	$ 852,198				852,673
Stated rate	6.50%
Unamortized premium	$ 5,707				6,976
Unamortized discount	3,509				4,303
Bonds payable | Senior Notes due 2027
Debt Instrument [Line Items]
Total debt, net	$ 400,000				400,000
Stated rate	9.75%
Bonds payable | Senior Notes due 2028
Debt Instrument [Line Items]
Total debt, net	$ 1,002,416				0
Stated rate	5.50%
Unamortized premium	$ 2,416
Revolving Credit Facility
Debt Instrument [Line Items]
Less: Debt issuance costs	(2,900)				(1,600)
Revolving Credit Facility | Loans payable
Debt Instrument [Line Items]
Total debt, net	$ 189,473				0
Commitment fee rate	0.50%
EB-5 Loan Agreement | Loans payable
Debt Instrument [Line Items]
Total debt, net	$ 26,100				0
2021 Bridge Loans | Loans payable
Debt Instrument [Line Items]
Total debt, net	$ 100,527				$ 0
Base Rate | Loans payable | DRP Revolver
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Base Rate | Loans payable | 2021 Bridge Loans
Debt Instrument [Line Items]
Stated rate	1.75%
Base Rate | Revolving Credit Facility | Loans payable
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Eurodollar | Loans payable | DRP Revolver
Debt Instrument [Line Items]
Basis spread on variable rate	3.75%
Adjusted Term SOFR Rate | Loans payable | 2021 Bridge Loans
Debt Instrument [Line Items]
Stated rate	2.75%
Adjusted Term SOFR Rate | Revolving Credit Facility | Loans payable
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%

DEBT, NET (Narrative) (Details)

DEBT, NET (Narrative) (Details) - USD ($)	Sep. 24, 2021	Sep. 14, 2021	May 07, 2021	Dec. 23, 2020	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 02, 2021	Jul. 29, 2021	Jul. 28, 2021	Apr. 12, 2021	Dec. 09, 2020	Jul. 28, 2020	Feb. 11, 2020
Debt Instrument [Line Items]
Loss on extinguishment of debt							$ 3,254,000	$ 11,667,000	$ 0
Debt instrument, offering price, percentage of principal amount				101.75%
Debt, net						$ 3,220,211,000	3,220,211,000	1,904,762,000
Debt Instrument, Offering Price, Percentage						100.50%
Proceeds from issuance of debt	$ 358,300,000
Proceeds from issuance of common shares, net of underwriter's discount		$ 291,700,000			$ 291,700,000		323,124,000	0	$ 0
Loans payable
Debt Instrument [Line Items]
Debt, net						$ 341,100,000	341,100,000	25,000,000
Bonds payable
Debt Instrument [Line Items]
Debt, net						2,943,594,000	2,943,594,000	1,915,984,000
Series 2020 Bonds
Debt Instrument [Line Items]
Debt, face amount																$ 264,000,000
Loss on extinguishment of debt							4,700,000
Debt, net						$ 263,980,000	$ 263,980,000
Series 2020 Bonds | Bonds payable
Debt Instrument [Line Items]
Stated rate						6.00%	6.00%
Debt, net						$ 263,980,000	$ 263,980,000	263,980,000
Series 2020A Dock and Wharf Facility Revenue Bonds
Debt Instrument [Line Items]
Debt, face amount																184,900,000
Series 2020B Taxable Facility Revenue Bonds
Debt Instrument [Line Items]
Debt, face amount																$ 79,100,000
Stated rate																6.00%
Senior Notes due 2025
Debt Instrument [Line Items]
Debt, face amount				$ 400,000,000
Debt, net						$ 850,000,000	$ 850,000,000
Senior Notes due 2025 | Bonds payable
Debt Instrument [Line Items]
Stated rate						6.50%	6.50%
Debt, net						$ 852,198,000	$ 852,198,000	852,673,000
Senior Notes Due 2022
Debt Instrument [Line Items]
Debt, face amount				300,000,000										$ 300,000,000
Loss on extinguishment of debt			$ 3,300,000				6,900,000
Repayments of debt				300,000,000
Debt instrument, tender offer, total consideration received per principal amount				1,016
Debt instrument, tender offer, early tender premium received per principal amount				30
Debt, net			$ 400,000,000
Senior Notes Due 2022 | Bonds payable
Debt Instrument [Line Items]
Debt, net						$ 0	$ 0	399,331,000
Series 2020A Maturing in 2035
Debt Instrument [Line Items]
Debt, face amount																$ 53,500,000
Stated rate																3.625%
Series 2020A Maturing in 2035 | Bonds payable
Debt Instrument [Line Items]
Stated rate						3.625%	3.625%
Series 2020A Maturing in 2050
Debt Instrument [Line Items]
Debt, face amount																$ 131,400,000
Stated rate																4.00%
Series 2020A Maturing in 2050 | Bonds payable
Debt Instrument [Line Items]
Stated rate						4.00%	4.00%
Senior Notes due 2027
Debt Instrument [Line Items]
Debt, face amount															$ 400,000,000
Stated rate															9.75%
Repayments of debt							$ 220,000,000
Debt, net						$ 400,000,000	$ 400,000,000
Senior Notes due 2027 | Bonds payable
Debt Instrument [Line Items]
Stated rate						9.75%	9.75%
Debt, net						$ 400,000,000	$ 400,000,000	400,000,000
EB-5 Loan Agreement
Debt Instrument [Line Items]
Debt, net						26,100,000	26,100,000
EB-5 Loan Agreement | Loans payable
Debt Instrument [Line Items]
Debt, face amount						$ 61,200,000	$ 61,200,000
Stated rate						5.75%	5.75%
EB-5 Loan Agreement | Bonds payable
Debt Instrument [Line Items]
Stated rate						5.75%	5.75%
Debt Instrument, Interest Rate, Extension Exercised Stated Percentage							6.25%
EB-5 Loan Agreement Tranche One | Loans payable
Debt Instrument [Line Items]
Debt, net						$ 26,100,000	$ 26,100,000
EB-5 Loan Agreement Tranche Two | Loans payable
Debt Instrument [Line Items]
Debt, net						35,100,000	35,100,000
Senior Notes due 2028
Debt Instrument [Line Items]
Stated rate													5.50%
Debt, net	$ 500,000,000					$ 1,000,000,000	$ 1,000,000,000						$ 500,000,000
Senior Notes due 2028 | Bonds payable
Debt Instrument [Line Items]
Stated rate						5.50%	5.50%
Debt, net						$ 1,002,416,000	$ 1,002,416,000	0
Bridge Loans
Debt Instrument [Line Items]
Debt, net										$ 350,000,000	$ 650,000,000	$ 650,000,000
Interest Expense, Debt		$ 12,200,000
Series 2021 Bonds
Debt Instrument [Line Items]
Debt, net						425,000,000	425,000,000
Series 2021 Bonds | Bonds payable
Debt Instrument [Line Items]
Debt, net						425,000,000	425,000,000	0
Series 2021A Bonds
Debt Instrument [Line Items]
Debt, net						225,000,000	225,000,000
Series 2021B Bonds
Debt Instrument [Line Items]
Debt, net						$ 200,000,000	$ 200,000,000
Series 2021B Bonds | Bonds payable
Debt Instrument [Line Items]
Stated rate						4.10%	4.10%
Series 2021A Bonds Due 2026 Through 2031
Debt Instrument [Line Items]
Debt, net						$ 39,100,000	$ 39,100,000
Series 2021A Bonds Due 2026 | Bonds payable
Debt Instrument [Line Items]
Stated rate						1.875%	1.875%
Series 2021A Bonds Due 2031 | Bonds payable
Debt Instrument [Line Items]
Stated rate						2.625%	2.625%
Series 2021A Bonds Due 2036
Debt Instrument [Line Items]
Debt, net						$ 38,200,000	$ 38,200,000
Series 2021A Bonds Due 2036 | Bonds payable
Debt Instrument [Line Items]
Stated rate						2.75%	2.75%
Series 2021A Bonds Due 2041
Debt Instrument [Line Items]
Debt, net						$ 44,900,000	$ 44,900,000
Series 2021A Bonds Due 2041 | Bonds payable
Debt Instrument [Line Items]
Stated rate						2.875%	2.875%
Series 2021A Bonds Due 2050
Debt Instrument [Line Items]
Debt, net						$ 102,800,000	$ 102,800,000
Series 2021A Bonds Due 2050 | Bonds payable
Debt Instrument [Line Items]
Stated rate						3.00%	3.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of debt				$ 50,000,000
Revolving Credit Facility | Loans payable
Debt Instrument [Line Items]
Debt Instrument, Collateral Amount						$ 150,000,000	$ 150,000,000
Debt, net						$ 189,473,000	$ 189,473,000	$ 0

DEBT, NET (Debt Maturities) (De

DEBT, NET (Debt Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 24, 2021	Apr. 12, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total debt, net	$ 3,220,211			$ 1,904,762
DRP Revolver
Debt Instrument [Line Items]
2022	0
2023	0
2024	25,000
2025	0
2026	0
Thereafter	0
Total debt, net	25,000
Revolving Credit Facility
Debt Instrument [Line Items]
2022	0
2023	0
2024	189,473
2025	0
2026	0
Thereafter	0
Total debt, net	189,473
EB-5 Loan Agreement
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	26,100
Thereafter	0
Total debt, net	26,100
2021 Bridge Loans
Debt Instrument [Line Items]
2022	100,527
2023	0
2024	0
2025	0
2026	0
Thereafter	0
Total debt, net	100,527
Series 2020 Bonds
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	79,060
2026	0
Thereafter	184,920
Total debt, net	263,980
Series 2021 Bonds
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	9,025
Thereafter	415,975
Total debt, net	425,000
Senior Notes due 2025
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	850,000
2026	0
Thereafter	0
Total debt, net	850,000
Senior Notes due 2027
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	400,000
Total debt, net	400,000
Senior Notes due 2028
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	1,000,000
Total debt, net	1,000,000	$ 500,000	$ 500,000
Total principal payments on loans and bonds payable
Debt Instrument [Line Items]
2022	100,527
2023	0
2024	214,473
2025	929,060
2026	35,125
Thereafter	2,000,895
Total debt, net	$ 3,280,080

FAIR VALUE MEASUREMENTS (Financ

FAIR VALUE MEASUREMENTS (Financial Assets Measured at Fair Value on a Recurring Basis) (Details) - Recurring - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets:
Total assets	$ 442,281	$ 161,418
Market
Assets:
Cash and cash equivalents	188,078	121,703
Restricted cash	251,983	39,715
Income
Assets:
Derivative Asset	2,220
Level 1
Assets:
Total assets	440,061	161,418
Level 1 | Market
Assets:
Cash and cash equivalents	188,078	121,703
Restricted cash	251,983	39,715
Level 1 | Income
Assets:
Derivative Asset	0
Level 2
Assets:
Total assets	2,220	0
Level 2 | Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Level 2 | Income
Assets:
Derivative Asset	2,220
Level 3
Assets:
Total assets	0	0
Level 3 | Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	$ 0
Level 3 | Income
Assets:
Derivative Asset	$ 0

FAIR VALUE MEASUREMENTS (Additi

FAIR VALUE MEASUREMENTS (Additional Information) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Series A 2020 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	$ 189,773	$ 186,306
Series B 2020 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	81,637	79,723
Series 2021A Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	222,023	0
Series 2021B Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	194,278	0
Senior Notes due 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	0	403,536
Senior Notes due 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	881,408	888,701
Senior Notes due 2027
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	448,848	460,340
Senior Notes due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt payable	$ 1,019,470	$ 0

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Schedule of Derivative Instruments) (Details) - Butane bbl in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)bbl	Dec. 31, 2020USD ($)
Derivatives, Fair Value [Line Items]
Notional Amount (BBL in thousands) | bbl	244
Fair Value of Assets | $	$ 2,220	$ 0
Minimum
Derivatives, Fair Value [Line Items]
Term	1 month
Maximum
Derivatives, Fair Value [Line Items]
Term	3 months

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS (Level 3 Rollforward) (Details) - Crude Oil Forwards - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 0	$ 181	$ 6,545
Net unrealized gains (losses) recognized in earnings	0	(181)	(6,364)
Purchases	0	0	314
Sales	0	0	(674)
Settlements	0	0	360
Ending Balance	$ 0	$ 0	$ 181

REVENUES (Components of Revenue

REVENUES (Components of Revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 455,802	$ 366,496	$ 578,774
Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	335,583	297,934	349,322
Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	120,219	68,562	229,452
Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	172,116	177,476	207,101
Equipment Leasing | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues	128,819	101,462	134,914
Equipment Leasing | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues	1,747	2,260	2,648
Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	32,901	16,736	4,659
Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	335,583	297,934	349,322
Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	2,424	1,186	3,362
Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues	56,803
Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues	45,038	50,887	42,965
Infrastructure | Crude marketing revenues
Disaggregation of Revenue [Line Items]
Total revenues		8,210	166,134
Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	15,954	8,279	16,991
Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	120,219	68,562	229,452
Aviation Leasing
Disaggregation of Revenue [Line Items]
Total revenues	321,422		336,675
Aviation Leasing | Equipment Leasing
Disaggregation of Revenue [Line Items]
Total revenues		281,211
Aviation Leasing | Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	161,985	166,331	197,305
Aviation Leasing | Equipment Leasing | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues	128,819	101,462	134,914
Aviation Leasing | Equipment Leasing | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues	1,747	2,260	2,648
Aviation Leasing | Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	28,871	11,158	1,808
Aviation Leasing | Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	321,422	281,211	336,675
Jefferson Terminal
Disaggregation of Revenue [Line Items]
Total revenues	46,352	60,283	204,348
Jefferson Terminal | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	1,688	1,186	2,306
Jefferson Terminal | Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues	0
Jefferson Terminal | Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues	44,664	50,887	35,908
Jefferson Terminal | Infrastructure | Crude marketing revenues
Disaggregation of Revenue [Line Items]
Total revenues		8,210	166,134
Jefferson Terminal | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Jefferson Terminal | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	46,352	60,283	204,348
Ports and Terminals
Disaggregation of Revenue [Line Items]
Total revenues	11,617	3,855	22,187
Ports and Terminals | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues			1,056
Ports and Terminals | Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues	374		7,057
Ports and Terminals | Infrastructure | Crude marketing revenues
Disaggregation of Revenue [Line Items]
Total revenues			0
Ports and Terminals | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	11,243	3,855	14,074
Ports and Terminals | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	11,617	3,855	22,187
Transtar
Disaggregation of Revenue [Line Items]
Total revenues	57,539
Transtar | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	736
Transtar | Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues	56,803
Transtar | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	57,539
Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	18,872	21,147	15,564
Corporate and Other | Lease income
Disaggregation of Revenue [Line Items]
Total revenues		11,145
Corporate and Other | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues		0
Corporate and Other | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues		0
Corporate and Other | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues		5,578
Corporate and Other | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	14,161	16,723	12,647
Corporate and Other | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	4,711	4,424	2,917
Corporate and Other | Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	10,131		9,796
Corporate and Other | Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	4,030		2,851
Corporate and Other | Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	14,161		12,647
Corporate and Other | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	4,711	4,424	2,917
Corporate and Other | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 4,711	$ 4,424	$ 2,917

REVENUES (Lease Revenue) (Detai

REVENUES (Lease Revenue) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Operating leases
2022	$ 180,243
2023	131,397
2024	93,421
2025	65,849
2026	38,426
Thereafter	43,355
Total	552,691
Finance leases
2022	394
2023	258
2024	113
2025	10
2026	0
Thereafter	0
Total	$ 775

LEASES (Narrative) (Details)

LEASES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Jul. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets, net	$ 75,344		$ 62,355
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	2 months
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	41 years
Real Estate and Office Equipment
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets, net	$ 2,700	$ 12,200
Real Estate and Office Equipment | Minimum
Lessee, Lease, Description [Line Items]
Term of contract	5 years 6 months
Real Estate and Office Equipment | Maximum
Lessee, Lease, Description [Line Items]
Term of contract	5 years

LEASES (Lease Cost) (Details)

LEASES (Lease Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease expense	$ 6,564	$ 4,719	$ 5,857
Short-term lease expense	995	778	3,605
Variable lease expense	1,590	1,379	3,263
Sublease income	0	0	(1,032)
Lease expense from continuing operations	9,556	6,876	11,693
Finance lease expense	0	0	304
Operating lease expense	0	0	3,705
Lease expense from discontinued operations	0	0	4,009
Total lease expense	9,556	6,876	15,702
Finance lease expense	407	0	0
Amortization of right-of-use assets	380	0	0
Interest on lease liabilities	$ 27	$ 0	$ 0

LEASES (Supplemental Informatio

LEASES (Supplemental Information Related to Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Right-of-use assets, net	$ 75,344	$ 62,355
Lease liabilities	$ 73,594	$ 62,001
Weighted average remaining lease term	33 years 6 months
Weighted average incremental borrowing rate	5.60%
Cash paid for amounts included in the measurement of operating lease liabilities
Continuing operations	$ 6,114

LEASES (Future Payments) (Detai

LEASES (Future Payments) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating leases
2020	$ 9,723
2023	8,009
2024	7,035
2023	6,719
2024	5,583
Thereafter	142,878
Total undiscounted lease payments	179,947
Less: Imputed interest	106,353
Total lease liabilities	$ 73,594	$ 62,001

EQUITY-BASED COMPENSATION (Narr

EQUITY-BASED COMPENSATION (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	25,998
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,684,318
Stock options | Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,684,318	129,988	1,262,362
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares other than options granted in period (in shares)	662,423	545,806	113,121
Grant date fair value	$ 5.6	$ 4	$ 1.5
Vesting period	3 years
Common units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares other than options granted in period (in shares)	1,052,632	831,140	1,110,000
Shares other than options granted aggregate intrinsic value	$ 1.2	$ 0.9	$ 3.4
Award term	3 years
Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	29,800,000

EQUITY-BASED COMPENSATION (Expe

EQUITY-BASED COMPENSATION (Expenses Related to Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	$ 4,038	$ 2,325	$ 1,509
Continuing Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	4,038	2,325	1,509
Remaining expense to be recognized, if all vesting conditions are met	4,779
Restricted shares | Continuing Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	3,215	1,676	1,054
Remaining expense to be recognized, if all vesting conditions are met	3,731
Common units | Continuing Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	823	649	455
Remaining expense to be recognized, if all vesting conditions are met	1,048
Common Stock Units - Discontinued Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	$ 0	$ 0	$ 3,114

EQUITY-BASED COMPENSATION (Summ

EQUITY-BASED COMPENSATION (Summary of Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock options
Options
Stock options outstanding, beginning balance (in shares)	2,243,692
Granted (in shares)	1,684,318
Exercised (in shares)	(165,268)
Forfeited and canceled (in shares)	0
Stock options outstanding, ending balance (in shares)	3,762,742	2,243,692
Weighted-Average Exercise Price (per share)
Stock options outstanding, beginning (in usd per share)	$ 16.81
Granted (in dollars per share)	26.35
Stock options outstanding and exercisable (in usd per share)	$ 21.02	$ 16.81
Aggregate Intrinsic Value	$ 29,951
Weighted average remaining contractual term (in years)	8 years 3 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Less: exercised/vested (in dollars per share)	$ 18.22
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning, Units outstanding (in shares)	578,802
Granted (in shares)	662,423	545,806	113,121
Less: exercised / vested (in shares)	367,804
Less: forfeited and canceled (in shares)	(254,180)
Ending, Units outstanding (in shares)	619,241	578,802
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)	$ 7.64
Granted (in dollars per share)	8.48
Less: exercised/vested (in dollars per share)	8.90
Weighted average exercise / issuance price (per share)	$ 8.02	$ 7.64
Aggregate intrinsic value (in thousands)	$ 5,569
Weighted average remaining contractual term (in years)	1 year
Common units
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning, Units outstanding (in shares)	1,394,475
Granted (in shares)	1,052,632	831,140	1,110,000
Less: exercised / vested (in shares)	1,223,265
Less: forfeited and canceled (in shares)	(263,013)
Ending, Units outstanding (in shares)	960,829	1,394,475
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)	$ 1.14
Granted (in dollars per share)	1.14
Less: exercised/vested (in dollars per share)	1.13
Weighted average exercise / issuance price (per share)	$ 1.14	$ 1.14
Aggregate intrinsic value (in thousands)	$ 1,326
Weighted average remaining contractual term (in years)	1 year 1 month 6 days

EQUITY-BASED COMPENSATION (Shar

EQUITY-BASED COMPENSATION (Shares Issued) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	1,684,318
Less: exercised/vested (in dollars per share)	$ 18.22
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	0
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Less: exercised/vested (in dollars per share)	8.90
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	8.08
Common units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Less: exercised/vested (in dollars per share)	1.13
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 1.14
Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	25,998
Manager | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	1,684,318	129,988	1,262,362
Fair value ($ millions)	$ 13.8	$ 0.7	$ 1.8
Expected term	10 years	10 years	10 years
Manager | Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	44.78%	61.27%	21.45%
Risk free interest rate	1.34%	0.51%	1.45%
Expected dividend yield	3.16%	6.23%	6.58%
Manager | Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	45.60%	62.12%	21.89%
Risk free interest rate	1.70%	0.76%	1.67%
Expected dividend yield	3.64%	11.79%	8.02%

INCOME TAXES (Components of Inc

INCOME TAXES (Components of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ 602	$ (110)	$ 55
State and local	625	328	423
Foreign	(11)	496	188
Total current provision	1,216	714	666
Deferred:
Federal	(2,831)	(1,750)	12,937
State and local	260	13	(638)
Foreign	298	(4,882)	4,845
Total deferred (benefit) provision	(2,273)	(6,619)	17,144
(Benefit from) provision for income taxes:
Continuing operations	(1,057)	(5,905)	17,810
Discontinued operations	0	0	1,076
Total	$ (1,057)	$ (5,905)	$ 18,886

INCOME TAXES (Provision for Inc

INCOME TAXES (Provision for Income Tax Reconciliation) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. federal tax at statutory rate	21.00%	21.00%	21.00%
Income not subject to tax at statutory rate	(4.80%)	(7.90%)	(21.70%)
State and local taxes	(0.60%)	(0.30%)	(0.10%)
Foreign taxes	(0.20%)	4.00%	2.70%
Branch profit tax	(0.10%)	0.00%	0.00%
Other	(3.70%)	0.10%	(0.60%)
Change in valuation allowance	(10.80%)	(11.50%)	7.00%
Provision for income taxes	0.80%	5.40%	8.30%

INCOME TAXES (Components of Def

INCOME TAXES (Components of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Net operating loss carryforwards	$ 132,836	$ 105,184
Accrued expenses	2,274	468
Interest expense	25,013	26,531
Operating lease liabilities	23,504	10,119
Investment in Partnerships	17,043	0
Other	1,124	2,895
Total deferred tax assets	201,794	145,197
Less valuation allowance	(142,541)	(98,091)	$ (79,176)
Net deferred tax assets	59,253	47,106
Deferred tax liabilities:
Investment in partnerships	0	(13,759)
Fixed assets and goodwill	(36,972)	(29,448)
Operating lease right-of-use assets	(23,772)	(10,062)
Net deferred tax liabilities	$ (1,491)	$ (6,163)

INCOME TAXES (Changes in Valuat

INCOME TAXES (Changes in Valuation Allowance) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Valuation Allowance [Roll Forward]
Valuation allowance at beginning of period	$ 98,091	$ 79,176
Change due to current year losses	44,458	18,915
Change due to current year releases	(8)	0
Valuation allowance at end of period	$ 142,541	$ 98,091

INCOME TAXES (Additional Inform

INCOME TAXES (Additional Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
U.S. federal tax rate	21.00%	21.00%	21.00%
Valuation allowance	$ 142,541	$ 98,091	$ 79,176
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	1,900
Subsidiaries | U.S. Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	459,300
Revenue Commissioners, Ireland
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	246,900
Tax Year 2034
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	169,000
No Expiration Date
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 290,300

MANAGEMENT AGREEMENT AND AFFI_3

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($) shares in Millions	Jun. 21, 2018	May 31, 2015	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jul. 31, 2020
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			$ 16,322,000	$ 18,519,000	$ 36,059,000
Conversion of stock, shares issued (in shares)	1.9
General Partner
Related Party Transaction [Line Items]
Ownership percentage by manager		0.05%
Management fees and incentive allocation to affiliate			16,322,000	18,519,000	36,059,000
Manager
Related Party Transaction [Line Items]
Management fee percentage rate		1.50%
Management fees and incentive allocation to affiliate			10,914,000	11,633,000	14,416,000
Due from affiliates			$ 0	0
Fortress Worldwide Transportation and Infrastructure Master GP LLP
Related Party Transaction [Line Items]
Incentive distribution percentage		10.00%	10.00%
Cumulative preferred return			10.00%
Accrued management fees
Related Party Transaction [Line Items]
Management fee payable			$ 1,495,000	1,461,000
Other payables
Related Party Transaction [Line Items]
Management fee payable			2,326,000	1,317,000
Management fees | General Partner
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			16,322,000	18,519,000	14,828,000
Income Incentive Allocation | General Partner
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			0	0	0
Capital gains incentive allocation | General Partner
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			0	0	21,231,000
General and administrative expense | Manager
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			8,761,000	9,552,000	11,017,000
Acquisition and transaction expenses | Manager
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			2,153,000	$ 2,081,000	3,399,000
Bond Purchase Agreement Guarantee Fees
Related Party Transaction [Line Items]
Management fee			$ 1,700,000
Bond Purchase Agreement Guarantee Fees | Manager
Related Party Transaction [Line Items]
Management fee payable					300,000
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
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage	20.00%
Jefferson Terminal | Manager
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage			20.00%	20.00%
Non-controlling interest by private equity fund			$ 9,100,000	$ 17,200,000
Net loss attributable to non-controlling interests in consolidated subsidiaries			$ (26,250,000)	$ (16,483,000)	$ (17,357,000)
FYX Trust Holdco LLC | Manager
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage						14.00%

SEGMENT INFORMATION (Narrative)

SEGMENT INFORMATION (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021anumber_of_segment
Segment Reporting Information [Line Items]
Number of reportable segments | number_of_segment	4
Repauno
Segment Reporting Information [Line Items]
Area of real estate	1,630
Long Ridge Terminal LLC
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	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2016
Revenues
Total revenues	$ 455,802	$ 366,496	$ 578,774
Expenses
Operating expenses	172,464	109,512	291,572
General and administrative	17,409	18,159	16,905
Acquisition and transaction expenses	21,941	9,868	17,623
Management fees and incentive allocation to affiliate	16,322	18,519	36,059
Depreciation and amortization	201,756	172,400	169,023
Asset impairment	10,463	33,978	4,726	$ (4,726)
Interest expense	171,036	98,206	95,585
Total expenses	611,391	460,642	631,493
Other income (expense)
Equity in losses of unconsolidated entities	(12,734)	(5,039)	(2,375)
Gain on sale of assets, net	49,031	(308)	203,250
Loss on extinguishment of debt	(3,254)	(11,667)	0
Interest income	1,711	162	531
Other (expense) income	(10,928)	70	3,445
Total other income (expense)	23,826	(16,782)	204,851
Income (loss) from continuing operations before income taxes	(131,763)	(110,928)	152,132
(Benefit from) provision for income taxes	(1,057)	(5,905)	17,810
Net (loss) income from continuing operations	(130,706)	(105,023)	134,322
Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries	(26,472)	(16,522)	(17,571)
Less: Dividends on preferred shares	24,758	17,869	1,838
Net income (loss) attributable to shareholders from continuing operations	(128,992)	(106,370)	150,055
Aviation Leasing
Revenues
Total revenues	321,422		336,675
Jefferson Terminal
Revenues
Total revenues	46,352	60,283	204,348
Ports and Terminals
Revenues
Total revenues	11,617	3,855	22,187
Transtar
Revenues
Total revenues	57,539
Corporate and Other
Revenues
Total revenues	18,872	21,147	15,564
Expenses
Operating expenses	24,747	25,446	17,544
General and administrative	17,409	18,159	16,905
Acquisition and transaction expenses	15,260	2,274	3,974
Management fees and incentive allocation to affiliate	16,322	18,519	36,059
Depreciation and amortization	8,399	7,965	7,311
Asset impairment	0	0		0
Interest expense	155,024	87,445	77,684
Total expenses	237,161	159,808	159,477
Other income (expense)
Equity in losses of unconsolidated entities	98	115	(62)
Gain on sale of assets, net	0	0	0
Loss on extinguishment of debt	(3,254)	(6,943)	0
Interest income	240	46	20
Other (expense) income	1	0	1,002
Total other income (expense)	(2,915)	(6,782)	960
Income (loss) from continuing operations before income taxes	(221,204)	(145,443)	(142,953)
(Benefit from) provision for income taxes	(75)	420	0
Net (loss) income from continuing operations	(221,129)	(145,863)	(142,953)
Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries	0	0	0
Less: Dividends on preferred shares	24,758	17,869	1,838
Net income (loss) attributable to shareholders from continuing operations	(245,887)	(163,732)	(144,791)
Equipment Leasing
Revenues
Total revenues	335,583	297,934	349,322
Equipment Leasing | Corporate and Other
Revenues
Total revenues	14,161	16,723	12,647
Infrastructure
Revenues
Total revenues	120,219	68,562	229,452
Infrastructure | Corporate and Other
Revenues
Total revenues	4,711	4,424	2,917
Operating Segments | Equipment Leasing | Aviation Leasing
Revenues
Total revenues	321,422	281,211	336,675
Expenses
Operating expenses	56,072	20,667	17,668
General and administrative	0	0	0
Acquisition and transaction expenses	3,840	6,687	8,641
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	139,972	133,904	128,990
Asset impairment	10,463	33,978		0
Interest expense	0	0	0
Total expenses	210,347	195,236	155,299
Other income (expense)
Equity in losses of unconsolidated entities	(1,403)	(1,932)	(1,829)
Gain on sale of assets, net	49,015	(300)	81,954
Loss on extinguishment of debt		0	0
Interest income	1,153	94	104
Other (expense) income	(1,680)	0	0
Total other income (expense)	47,085	(2,138)	80,229
Income (loss) from continuing operations before income taxes	158,160	83,837	261,605
(Benefit from) provision for income taxes	935	(4,812)	2,826
Net (loss) income from continuing operations	157,225	88,649	258,779
Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries	0	0	0
Less: Dividends on preferred shares	0	0	0
Net income (loss) attributable to shareholders from continuing operations	157,225	88,649	258,779
Operating Segments | Infrastructure | Jefferson Terminal
Revenues
Total revenues	46,352	60,283	204,348
Expenses
Operating expenses	48,255	53,072	231,506
General and administrative	0	0	0
Acquisition and transaction expenses	0	0	0
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	36,013	29,034	22,873
Asset impairment	0	0		0
Interest expense	14,812	9,426	16,189
Total expenses	99,080	91,532	270,568
Other income (expense)
Equity in losses of unconsolidated entities	0	0	(292)
Gain on sale of assets, net	0	(8)	4,636
Loss on extinguishment of debt		(4,724)	0
Interest income	0	22	118
Other (expense) income	(4,726)	70	634
Total other income (expense)	(4,726)	(4,640)	5,096
Income (loss) from continuing operations before income taxes	(57,454)	(35,889)	(61,124)
(Benefit from) provision for income taxes	230	278	284
Net (loss) income from continuing operations	(57,684)	(36,167)	(61,408)
Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries	(26,250)	(16,483)	(17,356)
Less: Dividends on preferred shares	0	0	0
Net income (loss) attributable to shareholders from continuing operations	(31,434)	(19,684)	(44,052)
Operating Segments | Infrastructure | Ports and Terminals
Revenues
Total revenues	11,617	3,855	22,187
Expenses
Operating expenses	14,403	10,327	24,854
General and administrative	0	0	0
Acquisition and transaction expenses	0	907	5,008
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	9,052	1,497	9,849
Asset impairment	0	0		$ 4,726
Interest expense	1,147	1,335	1,712
Total expenses	24,602	14,066	46,149
Other income (expense)
Equity in losses of unconsolidated entities	(11,429)	(3,222)	(192)
Gain on sale of assets, net	16	0	116,660
Loss on extinguishment of debt	0	0	0
Interest income	318	0	289
Other (expense) income	(4,100)	0	1,809
Total other income (expense)	(15,195)	(3,222)	118,566
Income (loss) from continuing operations before income taxes	(28,180)	(13,433)	94,604
(Benefit from) provision for income taxes	(3,749)	(1,791)	14,700
Net (loss) income from continuing operations	(24,431)	(11,642)	79,904
Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries	(222)	(39)	(215)
Less: Dividends on preferred shares	0	0	0
Net income (loss) attributable to shareholders from continuing operations	(24,209)	(11,603)	80,119
Operating Segments | Infrastructure | Transtar
Revenues
Total revenues	57,539	0	0
Expenses
Operating expenses	28,987	0	0
General and administrative	0	0	0
Acquisition and transaction expenses	2,841	0	0
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	8,320	0	0
Asset impairment	0	0	0
Interest expense	53	0	0
Total expenses	40,201	0	0
Other income (expense)
Equity in losses of unconsolidated entities	0	0	0
Gain on sale of assets, net	0	0	0
Loss on extinguishment of debt	0	0	0
Interest income	0	0	0
Other (expense) income	(423)	0	0
Total other income (expense)	(423)	0	0
Income (loss) from continuing operations before income taxes	16,915	0	0
(Benefit from) provision for income taxes	1,602	0	0
Net (loss) income from continuing operations	15,313	0	0
Less: Net loss from continuing operations attributable to non-controlling interests in consolidated subsidiaries	0	0	0
Less: Dividends on preferred shares	0	0	0
Net income (loss) attributable to shareholders from continuing operations	$ 15,313	$ 0	$ 0

SEGMENT INFORMATION (Reconcilia

SEGMENT INFORMATION (Reconciliation of Adjusted Net Income to Net Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2016
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 336,315	$ 243,306	$ 503,408
Add: Non-controlling share of Adjusted EBITDA	12,508	9,637	9,859
Equity in losses of unconsolidated entities	(12,734)	(5,039)	(2,375)
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities	(27,892)	(1,208)	1,387
Less: Interest expense	(171,036)	(98,206)	(95,585)
Less: Depreciation and amortization expense	(229,734)	(202,746)	(199,185)
Less: Incentive allocations	0	0	(21,231)
Less: Asset impairment charges	(10,463)	(33,978)	(4,726)	$ 4,726
Less: Changes in fair value of non-hedge derivative instruments	2,220	(181)	(4,555)
Less: Losses on the modification or extinguishment of debt and capital lease obligations	(3,254)	(11,667)	0
Less: Acquisition and transaction expenses	(21,941)	(9,868)	(17,623)
Less: Equity-based compensation expense	(4,038)	(2,325)	(1,509)
(Benefit from) provision for income taxes	1,057	5,905	(17,810)
Net income (loss) attributable to shareholders from continuing operations	(128,992)	(106,370)	150,055
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	(64,433)	(58,964)	(34,590)
Equity in losses of unconsolidated entities	98	115	(62)
Less: Interest expense	(155,024)	(87,445)	(77,684)
Less: Asset impairment charges	0	0		0
Less: Acquisition and transaction expenses	(15,260)	(2,274)	(3,974)
(Benefit from) provision for income taxes	75	(420)	0
Net income (loss) attributable to shareholders from continuing operations	(245,887)	(163,732)	(144,791)
Operating Segments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Adjusted EBITDA	340,613	288,752	429,398
Equity in losses of unconsolidated entities	(1,403)	(1,932)	(1,829)
Less: Interest expense	0	0	0
Less: Asset impairment charges	(10,463)	(33,978)		0
Less: Acquisition and transaction expenses	(3,840)	(6,687)	(8,641)
(Benefit from) provision for income taxes	(935)	4,812	(2,826)
Net income (loss) attributable to shareholders from continuing operations	157,225	88,649	258,779
Operating Segments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Adjusted EBITDA	10,631	16,118	(6,160)
Equity in losses of unconsolidated entities	0	0	(292)
Less: Interest expense	(14,812)	(9,426)	(16,189)
Less: Asset impairment charges	0	0		0
Less: Acquisition and transaction expenses	0	0	0
(Benefit from) provision for income taxes	(230)	(278)	(284)
Net income (loss) attributable to shareholders from continuing operations	(31,434)	(19,684)	(44,052)
Operating Segments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Adjusted EBITDA	21,375	(2,600)	114,760
Equity in losses of unconsolidated entities	(11,429)	(3,222)	(192)
Less: Interest expense	(1,147)	(1,335)	(1,712)
Less: Asset impairment charges	0	0		$ (4,726)
Less: Acquisition and transaction expenses	0	(907)	(5,008)
(Benefit from) provision for income taxes	3,749	1,791	(14,700)
Net income (loss) attributable to shareholders from continuing operations	(24,209)	(11,603)	80,119
Operating Segments | Infrastructure | Transtar
Segment Reporting Information [Line Items]
Adjusted EBITDA	28,129	0	0
Equity in losses of unconsolidated entities	0	0	0
Less: Interest expense	(53)	0	0
Less: Asset impairment charges	0	0	0
Less: Acquisition and transaction expenses	(2,841)	0	0
(Benefit from) provision for income taxes	(1,602)	0	0
Net income (loss) attributable to shareholders from continuing operations	$ 15,313	$ 0	$ 0

SEGMENT INFORMATION (Summary of

SEGMENT INFORMATION (Summary of Geographic Sources of Revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total revenues	$ 455,802	$ 366,496	$ 578,774
Africa
Segment Reporting Information [Line Items]
Total revenues	235	10,259	14,542
Asia
Segment Reporting Information [Line Items]
Total revenues	128,550	126,694	131,936
Europe
Segment Reporting Information [Line Items]
Total revenues	133,537	124,670	157,942
North America
Segment Reporting Information [Line Items]
Total revenues	182,340	101,609	265,843
South America
Segment Reporting Information [Line Items]
Total revenues	11,140	3,264	8,511
Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	321,422		336,675
Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	46,352	60,283	204,348
Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	11,617	3,855	22,187
Transtar
Segment Reporting Information [Line Items]
Total revenues	57,539
Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	18,872	21,147	15,564
Corporate and Other | Africa
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Corporate and Other | Asia
Segment Reporting Information [Line Items]
Total revenues	14,161	16,637	12,647
Corporate and Other | Europe
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Corporate and Other | North America
Segment Reporting Information [Line Items]
Total revenues	4,711	4,510	2,917
Corporate and Other | South America
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	335,583	297,934	349,322
Equipment Leasing | Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	14,161	16,723	12,647
Infrastructure
Segment Reporting Information [Line Items]
Total revenues	120,219	68,562	229,452
Infrastructure | Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	4,711	4,424	2,917
Operating Segments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	321,422	281,211	336,675
Operating Segments | Equipment Leasing | Aviation Leasing | Africa
Segment Reporting Information [Line Items]
Total revenues	235	10,259	14,542
Operating Segments | Equipment Leasing | Aviation Leasing | Asia
Segment Reporting Information [Line Items]
Total revenues	114,389	110,057	119,289
Operating Segments | Equipment Leasing | Aviation Leasing | Europe
Segment Reporting Information [Line Items]
Total revenues	133,537	124,670	157,942
Operating Segments | Equipment Leasing | Aviation Leasing | North America
Segment Reporting Information [Line Items]
Total revenues	62,121	32,961	36,391
Operating Segments | Equipment Leasing | Aviation Leasing | South America
Segment Reporting Information [Line Items]
Total revenues	11,140	3,264	8,511
Operating Segments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	46,352	60,283	204,348
Operating Segments | Infrastructure | Jefferson Terminal | Africa
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Jefferson Terminal | Asia
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Jefferson Terminal | Europe
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Jefferson Terminal | North America
Segment Reporting Information [Line Items]
Total revenues	46,352	60,283	204,348
Operating Segments | Infrastructure | Jefferson Terminal | South America
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total revenues	11,617	3,855	22,187
Operating Segments | Infrastructure | Ports and Terminals | Africa
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Ports and Terminals | Asia
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Ports and Terminals | Europe
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Ports and Terminals | North America
Segment Reporting Information [Line Items]
Total revenues	11,617	3,855	22,187
Operating Segments | Infrastructure | Ports and Terminals | South America
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Transtar
Segment Reporting Information [Line Items]
Total revenues	57,539	0	0
Operating Segments | Infrastructure | Transtar | Africa
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Transtar | Asia
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Transtar | Europe
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Operating Segments | Infrastructure | Transtar | North America
Segment Reporting Information [Line Items]
Total revenues	57,539	0	0
Operating Segments | Infrastructure | Transtar | South America
Segment Reporting Information [Line Items]
Total revenues	$ 0	$ 0	$ 0

SEGMENT INFORMATION (Balance Sh

SEGMENT INFORMATION (Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total assets	$ 4,863,854	$ 3,387,977
Debt, net	3,220,211	1,904,762
Total liabilities	3,739,754	2,288,656
Non-controlling interest in equity of consolidated subsidiaries	(192)	22,663
Total equity	1,124,100	1,099,321
Total liabilities and equity	4,863,854	3,387,977
Corporate and Other
Segment Reporting Information [Line Items]
Total assets	401,250	293,627
Debt, net	2,501,587	1,626,289
Total liabilities	2,544,489	1,665,093
Non-controlling interest in equity of consolidated subsidiaries	524	524
Total equity	(2,143,239)	(1,371,466)
Total liabilities and equity	401,250	293,627
Equipment Leasing | Operating Segments | Aviation Leasing
Segment Reporting Information [Line Items]
Total assets	2,098,979	1,704,205
Debt, net	0	0
Total liabilities	214,564	219,692
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	1,884,415	1,484,513
Total liabilities and equity	2,098,979	1,704,205
Infrastructure | Operating Segments | Jefferson Terminal
Segment Reporting Information [Line Items]
Total assets	1,284,432	989,928
Debt, net	693,624	253,473
Total liabilities	820,725	365,629
Non-controlling interest in equity of consolidated subsidiaries	(2,604)	20,785
Total equity	463,707	624,299
Total liabilities and equity	1,284,432	989,928
Infrastructure | Operating Segments | Ports and Terminals
Segment Reporting Information [Line Items]
Total assets	316,899	400,217
Debt, net	25,000	25,000
Total liabilities	50,651	38,242
Non-controlling interest in equity of consolidated subsidiaries	1,888	1,354
Total equity	266,248	361,975
Total liabilities and equity	316,899	400,217
Infrastructure | Operating Segments | Transtar
Segment Reporting Information [Line Items]
Total assets	762,294	0
Debt, net	0	0
Total liabilities	109,325	0
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	652,969	0
Total liabilities and equity	$ 762,294	0
Continuing Operations
Segment Reporting Information [Line Items]
Total assets		3,387,977
Debt, net		1,904,762
Total liabilities		2,288,656
Non-controlling interest in equity of consolidated subsidiaries		22,663
Total equity		1,099,321
Total liabilities and equity		$ 3,387,977

SEGMENT INFORMATION (Location o

SEGMENT INFORMATION (Location of Long-Lived Assets) (Details) - Property, plant and equipment and leasing equipment, net - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	$ 3,447,506	$ 2,599,622
Asia
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	543,611	502,268
Europe
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	839,555	774,300
North America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	1,818,808	1,298,045
South America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	245,532	25,009
Corporate and Other
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	180,316	174,484
Corporate and Other | Asia
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	175,313	56,702
Corporate and Other | Europe
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Corporate and Other | North America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	5,003	117,782
Corporate and Other | South America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Equipment Leasing | Aviation Leasing
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	1,718,588	1,453,065
Operating Segments | Equipment Leasing | Aviation Leasing | Asia
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	368,298	445,566
Operating Segments | Equipment Leasing | Aviation Leasing | Europe
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	839,555	774,300
Operating Segments | Equipment Leasing | Aviation Leasing | North America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	265,203	208,190
Operating Segments | Equipment Leasing | Aviation Leasing | South America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	245,532	25,009
Operating Segments | Infrastructure | Jefferson Terminal
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	786,566	702,393
Operating Segments | Infrastructure | Jefferson Terminal | Asia
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Infrastructure | Jefferson Terminal | Europe
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Infrastructure | Jefferson Terminal | North America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	786,566	702,393
Operating Segments | Infrastructure | Jefferson Terminal | South America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Infrastructure | Ports and Terminals
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	280,210	269,680
Operating Segments | Infrastructure | Ports and Terminals | Asia
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Infrastructure | Ports and Terminals | Europe
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Infrastructure | Ports and Terminals | North America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	280,210	269,680
Operating Segments | Infrastructure | Ports and Terminals | South America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Infrastructure | Transtar
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	481,826	0
Operating Segments | Infrastructure | Transtar | Asia
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Infrastructure | Transtar | Europe
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	0	0
Operating Segments | Infrastructure | Transtar | North America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	481,826	0
Operating Segments | Infrastructure | Transtar | South America
Segment Reporting Information [Line Items]
Total property, plant and equipment and leasing equipment, net	$ 0	$ 0

EARNINGS PER SHARE AND EQUITY (

EARNINGS PER SHARE AND EQUITY (EPS Schedule) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net (loss) income from continuing operations	$ (130,706)	$ (105,023)	$ 134,322
Net income from discontinued operations, net of income taxes	0	1,331	73,462
Net (loss) income	(130,706)	(103,692)	207,784
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries:
Continuing operations	(26,472)	(16,522)	(17,571)
Discontinued operations	0	0	247
Less: Dividends on preferred shares	24,758	17,869	1,838
Net (loss) income attributable to shareholders	(128,992)	(105,039)	223,270
Net (loss) income attributable to shareholders	$ (128,992)	$ (105,039)	$ 223,270
Basic (in shares)	89,922,088	86,015,702	85,992,019
Diluted (in shares)	89,922,088	86,015,702	86,029,363
Basic
Continuing operations (usd per share)	$ (1.43)	$ (1.24)	$ 1.74
Discontinued operations (usd per share)	0	0.02	0.85
Diluted
Continuing operations (usd per share)	(1.43)	(1.24)	1.74
Discontinued operations (usd per share)	$ 0	$ 0.02	$ 0.85

EARNINGS PER SHARE AND EQUITY_2

EARNINGS PER SHARE AND EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 14, 2021	Sep. 30, 2021	Mar. 31, 2021	Nov. 30, 2019	Sep. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Oct. 12, 2021	Jun. 30, 2020
Earnings Per Share [Line Items]
Antidilutive shares excluded from the calculation of diluted EPS (in shares)						898,299	24,652	150,981
Shares issued (in shares)						207,129	675,015	840,434
Shares issued for service (in shares)						17,155
Preferred stock, shares issued (in shares)						13,320,000	9,120,000
Price per share (usd per share)		$ 25.50							$ 25.50
Preferred stock, par value (usd per share)						$ 0.01	$ 0.01
Proceeds from issuance of shares, net						$ 101,200	$ 19,694	$ 193,992
Common stock, shares issued (in shares)		12,000,000				99,180,385	85,617,146		1,283,863
Common stock, par value (usd per share)		$ 0.01				$ 0.01	$ 0.01		$ 0.01
Proceeds from issuance of common shares, net of underwriter's discount	$ 291,700	$ 291,700				$ 323,124	$ 0	$ 0
Capital Unit, Class B
Earnings Per Share [Line Items]
Shares converted (in shares)						279,678	911,448	1,134,806
Series A and Series B Preferred Shares
Earnings Per Share [Line Items]
Preferred stock reserved for future issuance										$ 100,000
Number of shares issued in transaction							1,070,000
Price per share (usd per share)							$ 19.54
Consideration received on transaction							$ 20,600
Granted (in shares)							129,988
Fair value ($ millions)							$ 700
Series A Preferred Stock
Earnings Per Share [Line Items]
Preferred stock, shares issued (in shares)				4,600,000	3,450,000
Stated rate				8.00%	8.25%
Preferred stock, liquidation preference per share				$ 25	$ 25
Preferred stock, par value (usd per share)				$ 0.01	$ 0.01
Proceeds from issuance of shares, net				$ 111,100	$ 82,900
8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares
Earnings Per Share [Line Items]
Preferred stock, shares issued (in shares)			4,200,000
Stated rate			8.25%
Preferred stock, liquidation preference per share			$ 25
Preferred stock, par value (usd per share)			$ 0.01
Proceeds from issuance of shares, net			$ 101,200

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2021
Variable Interest Entity [Line Items]
Unrecorded unconditional purchase obligation term	2 years
Purchase obligation, annual amount	$ 10,200,000
Unrecorded unconditional purchase obligation term	2 years
Repauno
Variable Interest Entity [Line Items]
Potential milestone payment		$ 15,000,000
Milestone payment		5,000,000
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

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	Feb. 25, 2022	Jan. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)			$ 1.32	$ 1.32
Subsequent Event
Subsequent Event [Line Items]
Shares issued (in shares)		8,311
Subsequent Event | Common Shares
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	$ 0.33
Subsequent Event | Series A Preferred Stock
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	0.52
Subsequent Event | Series B Preferred Stock
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	0.50
Subsequent Event | Series C Preferred Stock
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	$ 0.52