View Filing Data

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	Apr. 29, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Fortress Transportation & Infrastructure Investors LLC
Entity Central Index Key	0001590364
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2016
Amendment Flag	false
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		75,730,165

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 347,912	$ 381,703
Restricted cash	65,985	21,610
Accounts receivable, net	16,200	14,466
Leasing equipment, net	651,175	636,681
Finance leases, net	10,026	82,521
Property, plant, and equipment, net	301,822	299,678
Investments in and advances to unconsolidated entities	10,329	10,675
Intangible assets, net	41,545	44,129
Goodwill	116,584	116,584
Other assets	44,870	36,758
Total assets	1,606,448	1,644,805
Liabilities
Accounts payable and accrued liabilities	31,086	34,995
Debt, net	264,340	266,221
Maintenance deposits	28,353	30,494
Security deposits	16,145	15,990
Other liabilities	7,447	6,419
Total liabilities	347,371	354,119
Commitments and Contingencies
Equity
Common Shares ($0.01 par value per share; 2,000,000,000 shares authorized; 75,730,165 and 75,718,183 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively)	757	757
Additional Paid In Capital	1,159,319	1,184,198
Accumulated Deficit	(24,551)	(18,769)
Accumulated other comprehensive income	0	97
Shareholders' equity	1,135,525	1,166,283
Non-controlling interest in equity of consolidated subsidiaries	123,552	124,403
Total equity	1,259,077	1,290,686
Total liabilities and equity	$ 1,606,448	$ 1,644,805

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	75,730,165	75,718,183
Common stock, shares outstanding (in shares)	75,730,165	75,718,183

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues
Total revenues	$ 31,453	$ 33,973
Expenses
Operating expenses	14,358	14,719
General and administrative	2,588	348
Acquisition and transaction expenses	1,059	368
Management fees and incentive allocation to affiliate	4,348	2,414
Depreciation and amortization	13,217	10,562
Interest expense	5,303	4,815
Total expenses	40,873	33,226
Other income
Equity in earnings of unconsolidated entities	85	1,241
Gain on sale of equipment and finance leases, net	1,722	3
Loss on extinguishment of debt	(1,579)	0
Interest income	9	187
Other income (expense)	40	(6)
Total other income	277	1,425
(Loss) Income before income taxes	(9,143)	2,172
Provision (benefit) for income taxes	(66)	230
Net (loss) income	(9,077)	1,942
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(3,295)	(3,506)
Net (loss) income attributable to shareholders	$ (5,782)	$ 5,448
Basic and Diluted (Loss) Earnings Per Share (In dollars per share)	$ (0.08)	$ 0.10
Weighted Average Shares Outstanding (in shares)	75,727,369	53,502,873
Equipment Leasing
Revenues
Total revenues	$ 19,575	$ 23,038
Infrastructure
Revenues
Total revenues	$ 11,878	$ 10,935

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (9,077)	$ 1,942
Other comprehensive (loss) income:
Change in fair value of cash flow hedge	(97)	(139)
Comprehensive (loss) income	(9,174)	1,803
Comprehensive (loss) income attributable to non-controlling interest	(3,295)	(3,506)
Comprehensive (loss) income attributable to shareholders	$ (5,879)	$ 5,309

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) - 3 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Accumulated Deficit	Accumulated Other Comprehensive (Loss) Income	Non-Controlling Interest in Equity of Consolidated Subsidiaries
Equity - December 31, 2015 at Dec. 31, 2015	$ 1,290,686	$ 757	$ 1,184,198	$ (18,769)	$ 97	$ 124,403
Comprehensive (loss) income:
Net (loss) income for the period	(9,077)			(5,782)		(3,295)
Other comprehensive (loss) income	(97)				(97)
Comprehensive (loss) income	(9,174)			(5,782)	(97)	(3,295)
Capital contributions	6,420					6,420
Issuance of common shares	112		112
Dividends declared	(25,004)		(24,991)			(13)
Equity-based compensation	(3,963)					(3,963)
Equity - March 31, 2016 at Mar. 31, 2016	$ 1,259,077	$ 757	$ 1,159,319	$ (24,551)	$ 0	$ 123,552

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net (loss) income	$ (9,077)	$ 1,942
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of unconsolidated entities	(85)	(1,241)
Gain on sale of equipment	(1,722)	(3)
Security deposits and maintenance claims included in earnings	0	(1,120)
Loss on extinguishment of debt	1,579	0
Equity based compensation	(3,963)	1,420
Depreciation and amortization	13,217	10,562
Change in current and deferred income taxes	(389)	32
Change in fair value of non-hedge derivative	3	8
Amortization of lease intangibles and incentives	1,637	2,156
Amortization of deferred financing costs	585	366
Operating distributions from unconsolidated entities	30	54
Bad debt expense	32	4
Other	138	(207)
Change in:
Accounts receivable	(1,769)	(141)
Other assets	(2,849)	441
Accounts payable and accrued liabilities	(1,284)	(7,387)
Management fees payable to affiliate	(81)	(1,212)
Other liabilities	199	548
Net cash (used in) provided by operating activities	(3,799)	6,222
Cash flows from investing activities:
Release of restricted cash	14,207	4,653
Payments to restricted cash	(17,124)	0
Investment in notes receivable	408	0
Principal collections on finance leases	2,204	2,941
Acquisition of leasing equipment	(27,317)	(33)
Acquisition of property plant and equipment	(8,622)	(44,296)
Purchase deposit for aircraft and aircraft engines	(3,275)	0
Proceeds from Sale of Finance Leases	71,000	0
Proceeds from sale of property, plant and equipment	36	121
Proceeds from sale of leasing equipment	4,392	0
Return of capital distributions from unconsolidated entities	401	933
Net cash provided by (used in) investing activities	35,494	(35,681)
Cash flows from financing activities:
Proceeds from debt	103,158	200
Repayment of debt	(146,410)	(4,255)
Payments of Financing Costs	(2,494)	0
Receipt of security deposits	455	500
Return of security deposits	(124)	(69)
Receipt of maintenance deposits	3,071	1,552
Release of maintenance deposits	(5,385)	(3,386)
Capital contributions from shareholders	0	61,991
Capital distributions to shareholders	0	(23,718)
Capital contributions from non-controlling interests	6,420	11,922
Capital distributions to non-controlling interests	0	(111)
Payments of Ordinary Dividends	(24,177)	0
Net cash (used in) provided by financing activities	(65,486)	44,626
Net (decrease) increase in cash and cash equivalents	(33,791)	15,167
Cash and cash equivalents, beginning of period	381,703	22,125
Cash and cash equivalents, end of period	347,912	37,292
Supplemental disclosure of non-cash investing and financing activities:
Restricted cash proceeds from borrowings of debt	44,342	0
Acquisition of leasing equipment	1,920	555
Proceeds from sale of leasing equipment	500	0
Acquisition of property, plant and equipment	(353)	0
Settled and assumed security deposits	(176)	(143)
Billed and assumed maintenance deposits	173	1,523
Issuance of common stock	112	0
Deferred financing costs	(3,072)	0
Dividends payable	(827)	0
Change in fair value of cash flow hedge	$ 0	$ (139)

ORGANIZATION	3 Months Ended
ORGANIZATION	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Fortress Transportation and Infrastructure Investors LLC (the “Company”) is a Delaware limited liability company which, through its subsidiary, Fortress Transportation and Infrastructure General Partnership (the “Partnership”), is engaged in the ownership and leasing of aviation equipment, offshore energy equipment and shipping containers, and also owns and operates a short line railroad in North America, Central Maine and Québec Railway (“CMQR”), and a multi-modal crude oil and refined products terminal in Beaumont, Texas (“Jefferson Terminal”). The Company has five reportable segments, Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad, which operate in two primary businesses, Equipment Leasing and Infrastructure (Note 14). The Company is managed by FIG LLC (the “Manager”), an affiliate of Fortress Investment Group LLC (“Fortress”), pursuant to a management agreement (the “Management Agreement”) which provides for the Company to bear obligations for management fees and expense reimbursements payable to the Manager (Note 13).

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting—-The unaudited consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”) and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The consolidated balance sheet at December 31, 2015 has been derived from audited financial statements but does not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair statement of the Company’s financial position, results of operations and cash flows have been included and are of a normal and recurring nature. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. The interim financial information contained herein should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2015 included in Form 10-K. Principles of Consolidation—The Company consolidates all entities in which it has a controlling financial interest and in which it has control over significant operating decisions, as well as variable interest entities (“VIEs”) in which the Company is the primary beneficiary. All significant intercompany transactions and balances have been eliminated. The ownership interest of other investors in consolidated subsidiaries is recorded as non-controlling interest. The Company uses the equity method of accounting for investments in entities in which the Company exercises significant influence but which do not meet the requirements for consolidation. Under the equity method, the Company records its proportionate share of the underlying net income (loss) of these entities. Variable Interest Entities—The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The VIE in which the Company has an interest is WWTAI IES MT6015 Ltd. (“MT6015”), an entity formed in 2014 which has entered into a contract with a shipbuilder for the construction of an offshore multi service / inspection, maintenance and repair vessel (the “Vessel”) for a price of approximately $75 million. A subsidiary of the Company and a third party each hold a 50% interest in MT6015 and have equal representation on its board of directors. In connection with the initial capitalization of MT6015, another subsidiary of the Company provided the third party partner with a $3,725 loan which was utilized by the third party partner to fund its equity contribution to MT6015. In addition, the agreement provides the Company with disproportionate voting rights, in certain situations, as defined in the agreement. Accordingly, the Company determined that MT6015 is a VIE and that it was the primary beneficiary; accordingly, MT6015 has been presented on a consolidated basis in the accompanying financial statements. In connection with the formation of MT6015, the joint venture partner is obligated to fund an additional equity contribution of $11,925 and secure a charter for the vessel, at which time the Company would be obligated to contribute additional equity of $11,925. At March 31, 2016 and December 31, 2015, MT6015 had total assets of $7,533, which are available only to settle the obligations of MT6015. Other than entering into the above commitment, MT6015 has conducted no operations, and no creditors of MT6015 have recourse to any assets or to the general credit of the Company. Reclassifications—Certain prior period amounts have been reclassified to conform to current period presentation. Use of Estimates—The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Risks and Uncertainties—In the normal course of business, the Company encounters several significant types of economic risk including credit, market, and capital market risks. Credit risk is the risk of the inability or unwillingness of a lessee, customer, or derivative counterparty to make contractually required payments or to fulfill its other contractual obligations. Market risk reflects the risk of a downturn or volatility in the underlying industry segments in which the Company operates which could adversely impact the pricing of the services offered by the Company or a lessee’s or customer’s ability to make payments, increase the risk of unscheduled lease terminations and depress lease rates and the value of the Company’s leasing equipment or operating assets. Capital market risk is the risk that the Company is unable to obtain capital at reasonable rates to fund the growth of its business or to refinance existing debt facilities. The Company, through its subsidiaries, also conducts operations outside of the United States; such international operations are subject to the same risks as those associated with its United States operations as well as additional risks, including unexpected changes in regulatory requirements, heightened risk of political and economic instability, potentially adverse tax consequences and the burden of complying with foreign laws. The Company does not have significant exposure to foreign currency risk as all of its leasing arrangements, terminal services revenue and the majority of freight rail revenue are denominated in U.S. dollars. Restricted Cash—Restricted cash of $65,985 and $21,610 at March 31, 2016 and December 31, 2015, respectively, consists of cash held in segregated accounts pursuant to the requirements of the Company’s debt agreements (Note 8). Concentration of Credit Risk—The Company is subject to concentrations of credit risk with respect to amounts due from customers on its finance leases and operating leases. The Company attempts to limit its credit risk by performing ongoing credit evaluations. During the three months ended March 31, 2016, the Company earned approximately 12.3% of its revenue from one customer in the Jefferson Terminal segment. During the three months ended March 31, 2015, the Company earned approximately 14% of its revenue from one lessee in the offshore energy segment. As of March 31, 2016, accounts receivable from two customers in the offshore segment each represented 23.6% and 22.7% of total accounts receivable, net. As of December 31, 2015, accounts receivable from two customers in the offshore segment each represented 27.1% and 25.4% of total accounts receivable, net. The Company maintains cash and restricted cash balances, which generally exceed federally insured limits, and subject the Company to credit risk, in high credit quality financial institutions. The Company monitors the financial condition of these institutions and has not experienced any losses associated with these accounts. Provision for Doubtful Accounts—The Company determines the provision for doubtful accounts based on its assessment of the collectability of its receivables on a customer-by-customer basis. The provision for doubtful accounts at March 31, 2016 and December 31, 2015 was $444 and $392, respectively. Bad debt expense was $32 and $4 for the three months ended March 31, 2016 and 2015, respectively. Comprehensive Income (Loss)—Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. The Company’s comprehensive income (loss) represents net income (loss), as presented in the accompanying Consolidated Statements of Operations, adjusted for fair value changes related to derivatives accounted for as cash flow hedges and the Company’s pro-rata share of items of comprehensive income derived from investments in unconsolidated entities. The Company had reclassification adjustments of $97 and $37, which impacted accumulated other comprehensive income during the three months ended March 31, 2016 and 2015, respectively. Derivative Financial Instruments—In the normal course of business the Company may utilize interest rate derivatives to manage its exposure to interest rate risks, principally related to the hedging of variable rate interest payments on various debt facilities. If certain conditions are met, an interest rate derivative may be specifically designated as a cash flow hedge. In connection with its debt obligations, the Company had entered into one interest rate derivative designated as a cash flow hedge and one non-hedge derivative. The Company terminated both derivatives during the three months ended March 31, 2016 when the related debt obligations were paid in full. For the interest rate derivative designated as a cash flow hedge, all remaining net gains or losses in accumulated other comprehensive income at the date of termination were reclassified into earnings during the three months ended March 31, 2016. The Company does not enter into speculative derivative transactions. Other Assets—Other Assets is primarily comprised of notes receivables of $19,656 and $19,468, leasing equipment purchase deposits of $10,728 and $7,450, capitalized costs for potential asset acquisitions of $7,007 and $5,473, as of March 31, 2016 and December 31, 2015, respectively. Additionally, during the three months ended March 31, 2016, the Company purchased and took physical delivery of heavy crude for blending for $1,558. The crude inventory has been also been recorded within Other Assets on the Consolidated Balance Sheet, at lower of cost or market as of March 31, 2016. Dividends—Dividends are recorded when declared by the Board of Directors. During the three months ended March 31, 2016, the Board of Directors declared a cash dividend of $0.33 per share. Recent Accounting Pronouncements—In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 amends the consolidation guidance for VIEs and general partners’ investments in limited partnerships and modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities. ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company has adopted ASU 2015-02 as of January 1, 2016 and the adoption of this guidance did not have a material impact on the Company's consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance is effective for reporting periods beginning after December 15, 2015 and interim periods within those fiscal years with early adoption permitted. ASU 2015-03 should be applied on a retrospective basis, wherein the balance sheet of each period presented should be adjusted to reflect the effects of adoption. The Company has adopted ASU 2015-03 as of January 1, 2016 and revised its consolidated balance sheet to present debt issuance costs as a direct deduction from Debt rather than within Other Assets, for all periods presented. In August 2015, the FASB issued ASU No. 2015-15, Interest - Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated With Line-Of-Credit Arrangements (“ASU 2015-15”). ASU 2015-15 provides further guidance related to the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. ASU 2015-15 allows companies to defer and present debt issuance costs as an asset or as a direct deduction from the carrying amount of that debt liability and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings of the line-of-credit arrangement. The guidance is effective for reporting periods beginning after December 15, 2015 and interim periods within those fiscal years with early adoption permitted. The Company has adopted ASU 2015-15 as of January 1, 2016 and revised its consolidated balance sheet to present debt issuance costs related to debt drawn under a line-of-credit arrangements as a direct deduction from Debt rather than within Other Assets, for all periods presented. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations- Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). ASU 2015-16 requires an acquirer in a business combination to recognize adjustments to the initial purchase accounting that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. ASU No. 2015-16 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company has adopted ASU 2015-16 as of January 1, 2016 and the adoption of this guidance did not have a material impact on the Company's consolidated financial statements. Unadopted Accounting Pronouncements—In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU-2014-09”) which provides a single comprehensive model for recognizing revenue from contracts with customers and supersedes existing revenue recognition guidance. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, to defer the effective date of ASU 2014-09 by one year, making it effective for annual reporting periods beginning after December 15, 2017 while also providing for early adoption but not before the original effective date. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In August 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory” (Topic 330) (“ASU 2015-11”), which simplifies the measurement of inventory by requiring certain inventory to be measured at the “lower of cost and net realizable value” and the previous parameters for “market value” will be eliminated. ASU 2015-11 defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” The standard will be effective for fiscal years beginning after December 15, 2016, with earlier adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires (i) equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income, (ii) public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. ASU 2016-01 also eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019, with early adoption permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-06, Contingent put and call options in debt instruments ("ASU 2016-06"). ASU 2016-06 simplifies the embedded derivative analysis for debt instruments containing contingent call or put options. ASU 2016-06 will be effective fiscal years beginning after December 15, 2016, and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Consideration (Reporting Revenue Gross versus Net) ("ASU 2016-08"). ASU 2016-08 clarifies how an entity should identify the unit of accounting for the principal versus agent evaluation, how it should apply the control principle to certain types of arrangements, and provides indicators of when an entity controls the good or service and is acting as principal. ASU 2016-08 will be effective beginning in the first quarter of 2018, with early adoption permitted in the first quarter of 2017. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). ASU 2016-09 requires the income tax effects of awards to be recognized in the income statement when the awards vest or are settled, increases the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification, and allow recognizing forfeitures of awards as they occur. ASU 2016-09 will be effective beginning in the first quarter of 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

LEASING EQUIPMENT, NET

3 Months Ended

Mar. 31, 2016

Leases [Abstract]

LEASING EQUIPMENT, NET

Leasing equipment, net is summarized as follows:



	March 31, 2016
Equipment	Aviation Leasing			Offshore Energy			Jefferson Terminal			Total
Leasing equipment:	$	475,677		$	184,995		$	44,326		$	704,998
Less: Accumulated depreciation	(40,708		)	(11,292		)	(1,823		)	(53,823		)
Leasing equipment, net	$	434,969		$	173,703		$	42,503		$	651,175



	December 31, 2015
Equipment	Aviation Leasing			Offshore Energy			Jefferson Terminal			Total
Leasing equipment:	$	452,602		$	184,284		$	44,326		$	681,212
Less: Accumulated depreciation	(33,281		)	(9,704		)	(1,546		)	(44,531		)
Leasing equipment, net	$	419,321		$	174,580		$	42,780		$	636,681

During the three months ended March 31, 2016, the Company acquired six commercial jet engines and sold one commercial jet engine. During the three months ended March 31, 2015, the Company did not acquire or sell any equipment held for lease. Depreciation expense for leasing equipment for the three months ended March 31, 2016 and 2015 was $9,292 and $7,022, respectively.

FINANCE LEASES, NET

3 Months Ended

Mar. 31, 2016

Leases [Abstract]

FINANCE LEASES, NET

Finance leases, net are summarized as follows:



	March 31, 2016			December 31, 2015
	Total			Offshore Energy			Shipping Containers			Total
Finance leases	$	19,535		$	20,037		$	82,332		$	102,369
Unearned revenue	(9,509		)	(9,915		)	(9,933		)	(19,848		)
Finance leases, net	$	10,026		$	10,122		$	72,399		$	82,521

During the three months ended March 31, 2016, the Company completed the sale of approximately 42,000 shipping containers that were subject to direct finance leases for a modest gain. As of March 31, 2016, the Company's remaining finance lease is related to the Offshore Energy segment.

At March 31, 2016, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows:



	Total
2016	$	1,511
2017	2,008
2018	2,008
2019	2,008
2020	2,013
Thereafter	9,987
Total	$	19,535

PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net is summarized as follows:



	March 31, 2016
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,478		$	14,049		$	19,527
Construction in progress	1,583			44,232			45,815
Buildings and improvements	557			2,193			2,750
Crude oil terminal machinery and equipment	—			225,210			225,210
Track and track related assets	17,433			—			17,433
Railroad equipment	777			—			777
Railcars and locomotives	2,361			—			2,361
Computer hardware and software	133			34			167
Furniture and fixtures	121			289			410
Vehicles	766			44			810
	29,209			286,051			315,260
Less: accumulated depreciation	(3,450		)	(12,819		)	(16,269		)
Spare parts	—			2,831			2,831
Property, plant and equipment, net	$	25,759		$	276,063		$	301,822



	December 31, 2015
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,478		$	14,014		$	19,492
Construction in progress	893			55,034			55,927
Buildings and improvements	557			2,193			2,750
Crude oil terminal machinery and equipment	—			210,857			210,857
Track and track related assets	17,159			—			17,159
Railroad equipment	1,050			—			1,050
Railcars and locomotives	1,720			—			1,720
Computer hardware and software	118			34			152
Furniture and fixtures	121			289			410
Vehicles	503			44			547
	27,599			282,465			310,064
Less: accumulated depreciation	(2,907		)	(10,308		)	(13,215		)
Spare parts	—			2,829			2,829
Property, plant and equipment, net	$	24,692		$	274,986		$	299,678

During three months ended March 31, 2016 additional property, plant and equipment of $5,234 was acquired, and is included within construction in progress, vehicles, land and site improvements, and computer hardware and software. During the three months ended March 31, 2016, disposals of railroad equipment totaled $36. During the three months ended March 31, 2015, additional property, plant and equipment of $38,857 was acquired, and is included within land and improvements, buildings and improvements, crude oil machinery and equipment, and construction in progress. During the three months ended March 31, 2015, disposals of railroad equipment totaled $119. Depreciation expense for property, plant and equipment was $3,026 and $2,645, for the three months ended March 31, 2016 and 2015, respectively.

INVESTMENTS IN UNCONSOLIDATED ENTITY

3 Months Ended

Mar. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS IN UNCONSOLIDATED ENTITY

INVESTMENT IN UNCONSOLIDATED ENTITY

The Company acquired a 51% non-controlling interest in Intermodal Finance I, Ltd., a joint venture, in 2012. Intermodal Finance I, Ltd owns a portfolio of multiple finance leases, representing six customers and comprising approximately 57,000 shipping containers as well as a portfolio of approximately 37,000 shipping containers subject to multiple operating leases. As of March 31, 2016 and December 31, 2015, the carrying value of this investment was $10,329 and $10,675, respectively.

Summary financial information for Intermodal Finance I, Ltd is follows:



	Three Months Ended March 31,
	2016			2015
Revenue
Total revenues	$	3,400		$	4,318

Expenses
Operating expenses	230			193
General and administrative	302			161
Depreciation and amortization	1,794			597
Interest expense	791			1,043
Total expenses	3,117			1,994

Other Income
Loss on disposal of equipment	(179		)	—
Total Other Income	(179		)	—
Net income	104			2,324
Other comprehensive income	—			—
Comprehensive income	$	104		$	2,324

Company's equity in earnings	$	85		$	1,241



	March 31,		December 31,
	2016		2015
Assets
Cash and cash equivalents	$	6	$	4,796
Restricted cash	6,083		2,117
Accounts Receivable	961		1,153
Leasing equipment, net of accumulated depreciation of $8,822 and $7,305, respectively	44,445		47,735
Finance Leases, net	29,515		34,261
Other assets	149		31
Total Assets	$	81,159	$	90,093

Liabilities
Accounts payable and accrued liabilities	157		154
Syndication liabilities	2,209		3,201
Debt, net	75,772		82,991
Other liabilities	4		458
Total Liabilities	$	78,142	$	86,804

Members' Equity
Members' Equity	3,017		3,289
Total members' equity	3,017		3,289
Total liabilities and members' equity	$	81,159	$	90,093

Company's investment in and advances to unconsolidated entity	$	10,329	$	10,675

INTANGIBLE ASSETS AND LIABILITIES, NET

3 Months Ended

Mar. 31, 2016

Intangible Assets and Liabilities Disclosure [Abstract]

INTANGIBLE ASSETS AND LIABILITIES, NET

The Company’s intangible assets and liabilities, net are summarized as follows:



	March 31, 2016
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(11,382		)	—			—			(11,382		)
Total acquired favorable lease intangibles, net	11,499			—			—			11,499

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(5,606		)	(86		)	(5,692		)
Total acquired customer relationships, net	—			29,907			139			30,046

Total intangible assets, net	$	11,499		$	29,907		$	139		$	41,545

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(258		)	—			—			(258		)
Total acquired unfavorable lease intangibles, net	$	913		$	—		$	—		$	913



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(9,697		)	—			—			(9,697		)
Total acquired favorable lease intangibles, net	13,184			—			—			13,184

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
Total acquired customer relationships, net	—			30,795			150			30,945

Total intangible assets, net	$	13,184		$	30,795		$	150		$	44,129

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(151		)	—			—			(151		)
Total acquired unfavorable lease intangibles, net	$	1,020		$	—		$	—		$	1,020

Intangible liabilities relate to unfavorable lease intangibles and are included as a component of other liabilities in the accompanying Consolidated Balance Sheets. Amortization of intangible assets and liabilities is recorded in the Consolidated Statements of Operations as follows:



	Three Months Ended March 31,				Classification in Consolidated Statements of Operations
	2016		2015
Lease intangibles	$	1,578	$	2,096	Equipment leasing revenues
Customer relationships	899		895		Depreciation and amortization
Total	$	2,477	$	2,991

As of March 31, 2016, estimated net annual amortization of intangibles is as follows:



2016	$	6,796
2017	6,757
2018	5,941
2019	4,530
2020	3,580
Thereafter	13,028
Total	$	40,632

DEBT, NET

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

DEBT, NET

The Company’s debt, net is summarized as follows:



	March 31,			December 31,
	2016			2015
Loans payable
Container Loan #1	$	—		$	34,761
Container Loan #2	—			11,338
FTAI Pride Credit Agreement	65,625			67,188
CMQR Credit Agreement	12,860			9,407
Jefferson Terminal Credit Agreement	—			98,750
Total loans payable	78,485			221,444
Bonds payable
Series 2012 Bonds (including unamortized premium of $1,738 and $1,751 at March 31, 2016 and December 31, 2015, respectively)	47,248			47,261
Series 2016 Bonds	144,200			—
Total bonds payable	191,448			47,261
Note payable to non-controlling interest
Note payable to non-controlling interest	2,352			2,352
Total note payable to non-controlling interest	2,352			2,352

Debt	$	272,285		$	271,057
less: Debt issuance costs	(7,945		)	(4,836		)
Total debt, net	264,340			266,221

Debt due within one year	$	8,243		$	24,791

Container Loan #1—On December 27, 2012, a subsidiary of the Company entered into a Credit Agreement (“Container Loan #1”) with a bank for an initial aggregate amount of approximately $55,991 in connection with the acquisition of a portfolio of shipping containers subject to finance leases. Container Loan #1 required monthly payments of interest and scheduled principal payments through its maturity on December 27, 2017 and could be prepaid without penalty after the third anniversary of the closing of the loan. In connection with Container Loan #1, the Company entered into an interest rate swap agreement (the “Swap”) on January 17, 2013 with respect to 70% of the outstanding balance of Container Loan #1 and designated as a cash flow hedge which fixed the LIBOR rate at 0.681%. During the three months ended March 31, 2016, all amounts outstanding under Container Loan #1 and the Swap were paid in full using the proceeds from the sale of the underlying assets, and such agreements were terminated.

Container Loan #2—On August 15, 2013, a subsidiary of the Company entered into a Credit Agreement (“Container Loan #2”) with a bank for an initial aggregate amount of approximately $21,548 in connection with the acquisition of a portfolio of shipping containers subject to finance leases. Container Loan #2 required quarterly payments of interest and scheduled principal payments through its maturity on August 28, 2018 and could be prepaid without penalty at any time. In connection with Container Loan #2, the Company entered into an interest rate cap agreement (the “Cap”) on September 20, 2013, with respect to 50% of the portion of the outstanding balance of Container Loan #2, not designated as a cash flow hedge, which capped LIBOR at 2.5%. During the three months ended March 31, 2016, all amounts outstanding under Container Loan #2 and the Cap were paid in full using the proceeds from the sale of the underlying assets, and such agreements were terminated.

CMQR Credit Agreement—On March 28, 2016, CMQR amended its credit agreement (the “CMQR Credit Agreement”) with a financial institution for a revolving line of credit to increase the aggregate amount from $10,000 to $20,000 and to extend the maturity date to September 18, 2018. Borrowings under the CMQR Credit Agreement bear interest at either (i) Adjusted LIBOR plus a spread of 2.50% or 4.50%, (ii) the U.S. or Canadian Base Rate plus a spread of 1.50% or 3.50%, or (iii) the Canadian Fixed Rate plus a spread of 2.50% or 4.50%, as defined by the CMQR Credit Agreement.

The CMQR Credit Agreement is also indirectly supported by Fortress Transportation and Infrastructure Investors LLC (the “Sponsor”). In the event of a default under the credit agreement, CMQR’s lenders can cause CMQR to call up to a total of $29 million in capital from the Sponsor, and in the event of CMQR’s bankruptcy, the lenders can put the debt back to the Sponsor. The CMQR Credit Agreement contains affirmative and negative covenants which limit certain actions of CMQR.

Jefferson Terminal Credit Agreement—On August 27, 2014, a subsidiary of the Company, entered into a credit agreement (the “Jefferson Terminal Credit Agreement”) with a financial institution for an aggregate amount of $100,000. The Jefferson Terminal Credit Agreement required quarterly payments of $250 beginning with the quarter ending December 31, 2014, with such quarterly payments increasing to $1,250 beginning with the quarter ending December 31, 2016, and could be prepaid or repaid at any time prior to its maturity on February 27, 2018. On March 8, 2016, all amounts outstanding under the Jefferson Terminal Credit Agreement were paid in full and such agreement was terminated. Accordingly, during the three months ended March 31, 2016, the Company recorded a loss on extinguishment of debt of $1,579.

Series 2016 Bonds—On March 7, 2016, the Port of Beaumont Navigation District of Jefferson County, Texas (the “District”) issued $144,200 of Dock and Wharf Facility Revenue Bonds, Series 2016 (Jefferson Energy Companies Project) (the “Series 2016 Bonds”). Proceeds from the issuance of the Series 2016 Bonds were used, in part, to reimburse Jefferson Railport Terminal II, LLC (“Jefferson Railport II”) for certain costs related to the development, construction and acquisition of certain facilities for the transport, loading, unloading, and storage of petroleum products (the “Facilities”) on behalf of the District, and settle the Jefferson Terminal Credit Agreement. Construction of the Facilities has occurred, and will occur, on property leased by the District to Jefferson Railport II pursuant to a First Amended and Restated Ground Lease between Jefferson Railport II, as lessee, and the District, as lessor. All such Facilities will be leased by the District to Jefferson Railport II pursuant to a Lease and Development Agreement between the District and Jefferson Railport II.

The transaction described above did not qualify for sale-leaseback accounting due to the continuing involvement of the Company resulting from the mandatory tender feature and, as a result, the leases were classified as a financing transaction in the Company’s consolidated financial statements. Under the financing method, the assets constructed or to be constructed will remain on the consolidated balance sheet and the net proceeds received by the Company are recorded as financial debt. Payments under these leases are recorded as interest expense and reduction of principal in accordance with the terms of the bond agreement with annual interest payments and a principal repayment at February 13, 2020 barring a remarketing of the bond on new terms.

Under a Capital Call Agreement, the Company has agreed to make funds available to Jefferson Holdings in order to satisfy its obligation under the Standby Bond Purchase Agreement. The Capital Call Agreement contains certain covenants applicable to the Company, including a negative lien covenant regarding Aviation Assets, as defined, as well as maintenance of a minimum total asset value of Aviation Assets and minimum total equity of the Company. In connection with the above, related to the Series 2016 Bonds, a subsidiary of the Company and an affiliate of its Manager entered into a Fee and Support Agreement with FTAI Energy Partners LLC and certain of its subsidiaries. The Fee and Support Agreement provides that both such subsidiary of the Company, and such affiliate, will effectively guarantee a pro rata portion of the obligations under the Standby Bond Purchase Agreement in return for a guarantee fee of $6,873 (shared on the same pro rata basis). This fee will be amortized as interest expense to the redemption date or February 13, 2020.

The Series 2016 Bonds bear interest at an initial rate of 7.25% and require scheduled interest payments. The Series 2016 Bonds have a stated maturity of February 1, 2036 but are subject to mandatory tender for purchase at par on February 13, 2020 if they have not been repurchased from proceeds of a remarketing of the Series 2016 Bonds or redeemed prior to such date. In the event all of the Series 2016 Bonds are not repurchased from proceeds of a remarketing or redeemed at February 13, 2020, Jefferson Railport and Jefferson Railport Terminal II Holdings LLC (“Jefferson Holdings”), a Delaware limited liability company and parent of Jefferson Railport II, have agreed to purchase the Series 2016 Bonds from the Holders thereof at par pursuant to a Standby Bond Purchase Agreement. In addition, pursuant to the Standby Purchase Agreement, Jefferson Holdings will guarantee the payment of all Rent (as defined in the Facilities Lease), and all principal of and premium and interest on the Series 2016 Bonds payable prior to repurchase or redemption at February 13, 2020.

The Company was in compliance with all debt covenants as of March 31, 2016.

FAIR VALUE MEASUREMENTS

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Fair value measurements and disclosures require the use of valuation techniques to measure fair value that maximize the use of observable inputs and minimize use of unobservable inputs. These inputs are prioritized as follows:

•Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.


•	Level 2: Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs.


•	Level 3: Unobservable inputs for which there is little or no market data and which require the Company to develop its own assumptions about how market participants price the asset or liability.

The valuation techniques that may be used to measure fair value are as follows:


•	Market approach—Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.


•	Income approach—Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about those future amounts.


•	Cost approach—Based on the amount that currently would be required to replace the service capacity of an asset (replacement cost).

The following tables set forth the Company’s financial assets measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015, 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 at March 31, 2016
	March 31, 2016		Using Fair Value Hierarchy
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets:
Cash and cash equivalents	$	347,912	$	347,912	$	—	$	—	Market
Restricted cash	65,985		65,985		—		—		Market
Total	$	413,897	$	413,897	$	—	$	—

	Fair Value as of		Fair Value Measurements at December 31, 2015
	December 31, 2015		Using Fair Value Hierarchy
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets:
Cash and cash equivalents	$	381,703	$	381,703	$	—	$	—	Market
Restricted cash	21,610		21,610		—		—		Market
Derivative assets	101		—		101		—		Income
Total	$	403,414	$	403,313	$	101	$	—

At March 31, 2016 and December 31, 2015, the Company had no liabilities that were measured at fair value on a recurring basis.

The Company’s cash and cash equivalents and restricted cash consist largely of demand deposit accounts with maturities of 90 days or less when purchased that are considered to be highly liquid. These instruments are valued using inputs observable in active markets for identical instruments and are therefore classified as Level 1 within the fair value hierarchy.

Except as discussed below, the Company’s financial instruments other than cash and cash equivalents and restricted cash, consist principally of accounts receivable, accounts payable and accrued liabilities, loans payable, bonds payable, security deposits, maintenance deposits and management fees payable, whose fair value approximates their carrying value based on an evaluation of pricing data, vendor quotes, and historical trading activity or due to their short maturity profiles.

The Company’s notes receivable at March 31, 2016 and December 31, 2015, which is included as a component of other assets on the accompanying Consolidated Balance Sheets, consist of a $3,725 loan bearing interest at 12.0% made to the Company’s joint venture partner in MT 6015 (Note 2) which is collateralized by other property owned by the joint venture partner. At March 31, 2016 and December 31, 2015, the Company's notes receivable also included a $15,277 and $14,869, respectively, loan bearing interest at 10% related to a terminal site under development, collateralized by property at that site. The fair value of these notes receivable approximate carrying value due to both bearing a market rate of interest for similar types of loans and is classified as Level 2 within the fair value hierarchy.

The fair value of Series 2012 bonds, reported in Debt on the Consolidated Balance Sheets, was approximately $49,268 at both March 31, 2016 and December 31, 2015, based upon market prices for similar municipal securities. The fair values of all other items reported as Debt on the Consolidated Balance Sheets approximate their carrying values due to their bearing market rates of interest, and are classified as Level 2 within the fair value hierarchy.

The Company measures the fair value of certain assets and liabilities on a non-recurring basis when GAAP requires the application of fair value, including events or changes in circumstances that indicate that the carrying amounts of assets may not be recoverable. Assets subject to these measurements include goodwill, intangible assets, property, plant and equipment and leasing equipment. The Company records such assets at fair value when it is determined the carrying value may not be recoverable. Fair value measurements for assets subject to impairment tests are based on an income approach which uses Level 3 inputs, which include the Company’s assumptions as to future cash flows from operation of the underlying businesses and the leasing and eventual sale of assets.

During the three months ended March 31, 2016 and 2015, no impairment charges were recognized.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

REVENUES

3 Months Ended

Mar. 31, 2016

Revenue Disclosure [Abstract]

REVENUES

Components of revenue are as follows:



	Three Months Ended March 31, 2016
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	12,847	$	75	$	—	$	—	$	—	$	12,922
Maintenance revenue	5,106		—		—		—		—		5,106
Finance lease income	—		410		1,112		—		—		1,522
Other revenue	—		—		25		—		—		25
Total equipment leasing revenues	$	17,953	$	485	$	1,137	$	—	$	—	$	19,575
Infrastructure revenues
Lease income	—		—		—		—		—		—
Rail revenues	—		—		—		—		7,999		7,999
Terminal services revenues	—		—		—		3,879		—		3,879
Total infrastructure revenues	$	—	$	—	$	—	$	3,879	$	7,999	$	11,878
Total revenues	$	17,953	$	485	$	1,137	$	3,879	$	7,999	$	31,453



	Three Months Ended March 31, 2015
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	9,739	$	6,266	$	—	$	—	$	—	$	16,005
Maintenance revenue	3,386		—		—		—		—		3,386
Finance lease income	—		410		1,901		—		—		2,311
Other revenue	1,120		191		25		—		—		1,336
Total equipment leasing revenues	$	14,245	$	6,867	$	1,926	$	—	$	—	$	23,038
Infrastructure revenues
Lease income	—		—		—		1,410		—		1,410
Rail revenues	—		—		—		—		6,289		6,289
Terminal services revenues	—		—		—		3,236		—		3,236
Total infrastructure revenues	—		—		—		$	4,646	$	6,289	$	10,935
Total revenues	$	14,245	$	6,867	$	1,926	$	4,646	$	6,289	$	33,973

Minimum future annual revenues contracted to be received under existing operating leases of equipment at March 31, 2016 are as follows:



2016	$	39,997
2017	37,396
2018	24,779
2019	14,417
2020	7,206
Thereafter	1,452
Total	$	125,247

EQUITY BASED COMPENSATION

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

EQUITY BASED COMPENSATION

In 2015, the Company established a Nonqualified Stock Option and Incentive Award Plan (“Incentive Plan”) which provides for the ability to award equity compensation awards in the form of stock options, stock appreciation rights, restricted stock, and performance awards to eligible employees, consultants, directors, and other individuals who provide services to the Company, each as determined by the Compensation Committee of the Board of Directors. Amounts are in thousands except share data.

As of March 31, 2016, the Incentive Plan provides for the issuance of up to 30,000,000 shares. The Company accounts for equity-based compensation expense in accordance with Accounting Standards Codification 718 Compensation-Stock Compensation (“ASC 718”) and is reported within Operating Expenses and General and Administrative in the Consolidated Statements of Operations.

Information on equity based compensation as of March 31, 2016 is as follows:

Stock Options



		Options	Weighted-Average Exercise Price (per share)	Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Stock options outstanding at January 1, 2016		15,000	16.98
	Granted
	Exercised	—
	Forfeited and cancelled	—
Stock options outstanding and exercisable as of March 31, 2016		15,000	16.98	9.17	$	—

Restricted Shares

The Company granted equity based compensation to employees of a subsidiary consisting of 1.3 million restricted shares of such subsidiary’s equity instruments in exchange for services to be provided. At issuance, the restricted shares had an assumed forfeiture rate of zero. One award for 1.25 million restricted shares can vest in three tranches over three years, subject to continued employment and the achievement of three separate performance conditions based on EBITDA for that subsidiary, as defined. The award expires in August 2017. The award is equity based, with compensation expense recognized ratably over the remaining service period when it is probable that the performance conditions will be achieved. The grant date fair value of the award is $23,879 which was based on the fair value per share on August 27, 2014, the date of grant, and estimated using a market approach. As of March 31, 2016, the achievement of all performance conditions was not deemed probable and accordingly expense previously recognized in prior periods was reversed of $4,402 in Operating Expenses in the Consolidated Statement of Operations.

A second award, expected to vest over four years, was partially accelerated and the remainder forfeited, according to the original terms of the agreement, when employment ended during the three months ended March 31, 2016. The grant date fair value of the award was $800, based on the fair value per share on the date of grant, estimated using a market approach. As of March 31, 2016, 50% of this award vested, with the remaining 50% forfeited.

As of March 31, 2016, 20,939 restricted shares were vested and 1.25 million restricted shares were unvested and outstanding. All restricted shares were outstanding and unvested December 31, 2015.

Common Units

The Company has granted equity based compensation to employees of a subsidiary consisting of 1.4 million common units of such subsidiary’s equity instruments with an aggregate grant date fair value of $1,688 in exchange for services to be provided. The awards have varying terms, ranging between 16 and 36 months, and vest subject to continued employment through each respective vesting date. The awards are equity based, with compensation expense recognized ratably over the vesting periods. The awards have an assumed forfeiture rate of zero. As of March 31, 2016 and December 31, 2015, 717 and 733 common units were nonvested, respectively. During the three months ended March 31, 2016, 16 common units vested, with a fair value of $23.

The fair value of the awards are based on the fair value of the operating subsidiary on each date of grant, which was estimated using a discounted cash flow analysis which requires the application of discount factors and terminal multiples to projected cash flows. Discount factors and terminal multiples were based on market based inputs and transactions, as available at the measurement dates.

The Company’s Statements of Operations includes the following (income) expense related to its stock-based compensation arrangements:



	Three Months Ended March 31, 2016			Remaining Expense To Be Recognized, If All Vesting Conditions Are Met
Stock Options	$	—		$	—
Restricted Shares	(4,168		)	23,879
Common Units	205			263
Total	$	(3,963	)	$	24,142

During the three months ended March 31, 2015, the Company recorded stock-based compensation expense related to restricted shares and common units of $853 and $567, respectively.

INCOME TAXES

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

INCOME TAXES

The current and deferred components of the income tax expense (benefit) included in the Consolidated Statements of Operations are as follows:



	March 31,
	2016			2015
Current:
Federal	$	20		$	29
State and local	31			8
Foreign	10			115
Total current provision	61			152

Deferred:
Federal	4			15
State and local	—			(1		)
Foreign	(131		)	64
Total deferred provision	(127		)	78

Total provision (benefit) for income taxes	$	(66	)	$	230

The Company is taxed as a flow-through entity for U.S. income tax purposes and its taxable income or loss generated is the responsibility of its owners. Taxable income or loss generated by the Company’s corporate subsidiaries is subject to U.S. federal, state and foreign corporate income tax in locations where they conduct business.

The Company’s effective tax rate differs from the U.S. federal tax rate of 35% primarily due to a significant portion of its income that is not subject to U.S. corporate tax rates or that is deemed to be foreign sourced and is either not taxable or taxable at effectively lower tax rates.

As of and for the period ended March 31, 2016, the Company had not established a liability for uncertain tax positions as no such positions existed. In general, the Company’s tax returns and the tax returns of its corporate subsidiaries are subject to U.S. federal, state, local and foreign income tax examinations by tax authorities. Generally, the Company is not subject to examination by taxing authorities for tax years prior to 2012. The Company does not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date.

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	3 Months Ended
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	Mar. 31, 2016
Related Party Transactions [Abstract]
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS The Manager is paid annual fees in exchange for advising the Company on various aspects of its business, formulating its investment strategies, arranging for the acquisition and disposition of assets, arranging for financing, monitoring performance, and managing its day-to-day operations, inclusive of all costs incidental thereto. In addition, the Manager may be reimbursed for various expenses incurred by the Manager on the Company’s behalf, including the costs of legal, accounting and other administrative activities. In May 2015, in connection with the Company's initial public offering (the “IPO”), the Company entered into a new management agreement with the Manager, (the “Management Agreement”) which replaced its then-existing management agreement as a private fund. Additionally, the Company has entered into certain incentive allocation arrangements with the Master GP. Pre-IPO Management Agreement The pre-IPO management fee was calculated at an annual rate of 1.25% for any Onshore Fund or Offshore Fund investor (collectively, the “Fund Investors”) with a capital commitment of at least $100 million and 1.50% for any capital commitment of less than $100 million, payable semi-annually in arrears. Commencing with the date of the initial closing of the Onshore Fund and the Offshore Fund and continuing through the third anniversary of their final closing (the “Fund Commitment Period”), this percentage was applied to the weighted average of all capital called, reduced for any return of capital resulting from the partial or complete disposition of any Portfolio Investment, as defined therein. During the three months ended March 31, 2015, pre-IPO management fees were $2,414. Post-IPO Management Agreement and Other Incentive Allocation The Manager is entitled to a management fee and reimbursement of certain expenses. The post-IPO management fee is determined by taking the average value of total equity (excluding non-controlling interests) determined on a consolidated basis in accordance with GAAP at the end of the two most recently completed months multiplied by an annual rate of 1.50%, and is payable monthly in arrears in cash. The total post-IPO management fees for the three months ended March 31, 2016 was $4,348. Additionally, the Company has entered into certain incentive allocation arrangements with the Master GP. No Income Incentive Allocation or Capital Gains Incentive Allocation was due to the Master GP for the three months ended March 31, 2016. During the three months ended March 31, 2016, expense reimbursement of $1,758 was recorded in General and Administrative and $1,013 was recorded in Acquisition and Transaction expenses in the Consolidated Statements of Operations. As of March 31, 2016 and December 31, 2015, no amounts were receivable from the Manager. As of March 31, 2016 and December 31, 2015, amounts due to the Manager or its affiliates of $936 and $994, excluding accrued management fees, respectively, are included within other liabilities on the Consolidated Balance Sheets. As of March 31, 2016 and December 31, 2015, amounts due to the Manager or its affiliates of $1,479 and $1,506, respectively, related to accrued management fees, are included within accounts payable and accrued liabilities on the Consolidated Balance Sheets. Other Affiliate Transactions As of March 31, 2016 and December 31, 2015, an affiliate of the Company's Manager owns an approximately 20% interest in Jefferson Terminal which has been accounted for as a component of non-controlling interest in consolidated subsidiaries in the accompanying consolidated financial statements. The carrying amount of this non-controlling interest at March 31, 2016 and December 31, 2015 was $76,108 and $71,321. For the three months ending March 31, 2016 and March 31, 2015, the amount of this non-controlling interest share of net loss was $1,633 and $1,549, respectively. In connection with the Capital Call Agreement related to the Series 2016 Bonds discussed in Note 8, the Company and an affiliate of its Manager entered into a Fee and Support Agreement. The Fee and Support Agreement provides that the affiliate is compensated for its guarantee of a portion of the obligations under the Standby Bond Purchase Agreement. The affiliate will receive fees of $1,740, which will be amortized as interest expense to the redemption date or February 13, 2020. A non-controlling interest holder of Jefferson Terminal provides construction services for Jefferson Terminal. At March 31, 2016 and December 31, 2015, accounts payable due to this vendor was $913 and $4,708, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company’s reportable segments represent strategic business units comprised of investments in different types of transportation and infrastructure assets. The Company has five reportable segments which operate in the Equipment Leasing and Infrastructure businesses across several market sectors. The Company’s reportable segments are Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Aviation Leasing consists of aircraft and aircraft engines held for lease and are typically held long-term. Offshore Energy consists of vessels and equipment that support offshore oil and gas drilling and production which are typically subject to long-term operating leases. Shipping Containers consists of an investment in an unconsolidated entity engaged in the acquisition and leasing of shipping containers (on both an operating lease and finance lease basis). Jefferson Terminal consists of a multi-modal crude oil and refined products terminal and other related assets. Railroad consists of our CMQR railroad operations.

Corporate consists primarily of unallocated Company level general and administrative expenses and management fees. The accounting policies of the segments are the same as those described in the summary of significant accounting policies; however financial information presented by segment includes the impact of intercompany eliminations. The Company evaluates investment performance for each reportable segment primarily based on net income attributable to shareholders and Adjusted Net Income.

Adjusted Net Income is defined as net income attributable to shareholders, adjusted (a) to exclude the impact of provision for income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and capital lease obligations, changes in fair value of non-hedge derivative instruments, asset impairment charges, incentive allocations, and equity in earnings of unconsolidated entities; (b) to include the impact of cash income tax payments, the Company’s pro-rata share of the Adjusted Net Income from unconsolidated entities (collectively “Adjusted Net Income”), and (c) to exclude the impact of the non-controlling share of Adjusted Net Income.

The Company believes that net income attributable to shareholders as defined by GAAP is the most appropriate earnings measurement with which to reconcile Adjusted Net Income. Adjusted Net Income should not be considered as an alternative to net income attributable to shareholders as determined in accordance with GAAP.

The following tables set forth certain information for each reportable segment of the Company:

I. For the Three Months Ended March 31, 2016



	Three Months Ended March 31, 2016
	Equipment Leasing									Infrastructure
	Aviation Leasing			Offshore Energy			Shipping Containers			Jefferson Terminal			Railroad		Corporate			Total
Revenues
Equipment leasing	$	17,953		$	485		$	1,137		$	—		$	—	$	—		$	19,575
Infrastructure	—			—			—			3,879			7,999		—			11,878
Total revenues	17,953			485			1,137			3,879			7,999		—			31,453

Expenses
Operating expenses	817			3,601			30			2,688			7,222		—			14,358
General and administrative	—			—			—			—			—		2,588			2,588
Acquisition and transaction expense	—			—			—			—			—		1,059			1,059
Management fees and incentive allocation to affiliate	—			—			—			—			—		4,348			4,348
Depreciation and amortization	7,427			1,588			—			3,676			526		—			13,217
Interest expense	—			935			410			3,804			154		—			5,303
Total expenses	8,244			6,124			440			10,168			7,902		7,995			40,873

Other income (expense)
Equity in earnings of unconsolidated entities	—			—			85			—			—		—			85
Gain on sale of equipment	1,208			—			304			—			210		—			1,722
Loss on extinguishment of debt	—			—			—			(1,579		)	—		—			(1,579		)
Interest income	1			2			—			6			—		—			9
Other income (expense)	—			—			(2		)	42			—		—			40
Total other income (expense)	1,209			2			387			(1,531		)	210		—			277
Income before income taxes	10,918			(5,637		)	1,084			(7,820		)	307		(7,995		)	(9,143		)
Provision (benefit) for income taxes	(97		)	—			(4		)	35			—		—			(66		)
Net income (loss)	11,015			(5,637		)	1,088			(7,855		)	307		(7,995		)	(9,077		)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	97			(247		)	—			(3,156		)	13		(2		)	(3,295		)
Net income (loss) attributable to shareholders	$	10,918		$	(5,390	)	$	1,088		$	(4,699	)	$	294	$	(7,993	)	$	(5,782	)

The following table sets forth a reconciliation of Adjusted Net Income to net income attributable to shareholders:



	Three Months Ended March 31, 2016
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy			Shipping Containers		Jefferson Terminal			Railroad		Corporate			Total
Adjusted Net Income (Loss)	$	10,475	$	(5,390	)	$	1,087	$	(6,257	)	$	491	$	(6,938	)	$	(6,532	)
Add: Non-controlling share of adjustments to Adjusted Net Income																(989		)
Add: Equity in earnings of unconsolidated entities																85
Add: Cash payments for income taxes																351
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(85		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(3		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																(1,579		)
Less: Acquisition and transaction expenses																(1,059		)
Less: Equity-based compensation expense																3,963
Less: Provision for income taxes																66
Net income (loss) attributable to shareholders																(5,782		)

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Three Months Ended March 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	2,779	$	—	$	—	$	—	$	—	$	—	$	2,779
Asia	9,383		—		809		—		—		—		10,192
Europe	4,966		75		—		—		—		—		5,041
North America	460		410		328		3,879		7,999		—		13,076
South America	365		—		—		—		—		—		365
Total revenues	$	17,953	$	485	$	1,137	$	3,879	$	7,999	$	—	$	31,453

II. As of and for the Three Months Ended March 31, 2015



	Three Months Ended March 31, 2015
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing	$	14,245	$	6,867	$	1,926		$	—		$	—		$	—		$	23,038
Infrastructure	—		—		—			4,646			6,289			—			10,935
Total revenues	14,245		6,867		1,926			4,646			6,289			—			33,973

Expenses
Operating expenses	338		571		53			6,673			7,084			—			14,719
General and administrative	—		—		—			—			—			348			348
Acquisition and transaction expense	—		—		—			—			—			368			368
Management fees	—		—		—			—			—			2,414			2,414
Depreciation and amortization	5,256		1,489		—			3,308			509			—			10,562
Interest expense	—		956		642			3,087			130			—			4,815
Total expenses	5,594		3,016		695			13,068			7,723			3,130			33,226

Other income (expense)
Equity in earnings of unconsolidated entities	—		—		1,241			—			—			—			1,241
Gain on sale of equipment	—		—		—			—			3			—			3
Interest income	8		139		—			40			—			—			187
Other income (expense)	—		—		(7		)	1			—			—			(6		)
Total other income (expense)	8		139		1,234			41			3			—			1,425
Income before income taxes	8,659		3,990		2,465			(8,381		)	(1,431		)	(3,130		)	2,172
Provision for income taxes	214		—		16			—			—			—			230
Net income (loss)	8,445		3,990		2,449			(8,381		)	(1,431		)	(3,130		)	1,942
Less: Net income attributable to non-controlling interests in consolidated subsidiaries	—		181		—			(3,654		)	(33		)	—			(3,506		)
Net income (loss) attributable to shareholders	$	8,445	$	3,809	$	2,449		$	(4,727	)	$	(1,398	)	$	(3,130	)	$	5,448

The following table sets forth a reconciliation of Adjusted Net Income to net income attributable to shareholders:



	Three Months Ended March 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	8,462	$	3,809	$	2,473	$	(4,215	)	$	(844	)	$	(2,762	)	$	6,923
Add: Non-controlling share of adjustments to Adjusted Net Income																354
Add: Equity in earnings of unconsolidated entities																1,241
Add: Cash payments for income taxes																197
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(1,241		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(8		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(368		)
Less: Equity-based compensation expense																(1,420		)
Less: Provision for income taxes																(230		)
Net income attributable to shareholders																$	5,448

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Three Months Ended March 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	3,116	$	—	$	—	$	—	$	—	$	—	$	3,116
Asia	5,988		1,844		1,378		—		—		—		9,210
Europe	4,526		4,613		—		—		—		—		9,139
North America	480		410		548		4,646		6,289		—		12,373
South America	135		—		—		—		—		—		135
Total revenues	$	14,245	$	6,867	$	1,926	$	4,646	$	6,289	$	—	$	33,973

III. Balance Sheet and location of long-lived assets

The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment, net and leasing equipment, net as of March 31, 2016 and December 31, 2015:



	March 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	457,618	$	212,505	$	10,351	$	533,656	$	38,922	$	353,396	$	1,606,448

Debt, net	—		67,169		—		184,798		12,373		—		264,340

Total liabilities	50,686		71,042		—		195,104		23,938		6,601		347,371

Non-controlling interests in equity of consolidated subsidiaries	997		7,444		—		112,610		1,931		570		123,552

Total equity	406,932		141,463		10,351		338,552		14,984		346,795		1,259,077

Total liabilities and equity	$	457,618	$	212,505	$	10,351	$	533,656	$	38,922	$	353,396	$	1,606,448



	March 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	56,145	$	—	$	—	$	—	$	—	$	—	$	56,145
Asia	192,255		39,149		—		—		—		—		231,404
Europe	135,002		134,554		—		—		—		—		269,556
North America	47,197		—		—		318,566		25,759		—		391,522
South America	4,370		—		—		—		—		—		4,370
Total property, plant and equipment and leasing equipment, net	$	434,969	$	173,703	$	—	$	318,566	$	25,759	$	—	$	952,997



	December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	443,532	$	213,946	$	85,917	$	483,346	$	33,936	$	384,128	$	1,644,805

Debt, net	—		68,673		45,778		142,835		8,935		—		266,221

Total liabilities	50,873		74,228		45,903		159,570		19,463		4,082		354,119

Non-controlling interests in equity of consolidated subsidiaries	899		7,692		—		113,514		1,714		584		124,403

Total equity	$	392,659	$	139,718	$	40,014	$	323,776	$	14,473	$	380,046	$	1,290,686

Total liabilities and equity	$	443,532	$	213,946	$	85,917	$	483,346	$	33,936	$	384,128	$	1,644,805



	December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	56,927	$	—	$	—	$	—	$	—	$	—	$	56,927
Asia	189,364		39,138		—		—		—		—		228,502
Europe	130,632		135,442		—		—		—		—		266,074
North America	37,950		—		—		317,766		24,692		—		380,408
South America	4,448		—		—		—		—		—		4,448
Total property, plant and equipment and leasing equipment, net	$	419,321	$	174,580	$	—	$	317,766	$	24,692	$	—	$	936,359

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing net income attributable to the Company by the weighted average number of shares of common stock outstanding, plus potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method.

The Company completed an IPO on May 20, 2015 in which its previous beneficial owners, the Fortress Worldwide Transportation and Infrastructure Investors LP and Fortress Worldwide Transportation and Infrastructure Offshore LP, immediately prior to the consummation of the IPO, received shares in proportion to their respective ownership percentages. As a result, the Company has retrospectively presented the shares outstanding for all prior periods presented.

The calculation of basic and diluted EPS is presented below (in thousands, except share and per share data).



	Three Months Ended March 31,
	2016			2015
Net Income Attributable to Shareholders	$	(5,782	)	$	5,448
Weighted Average Shares Outstanding	75,727,369			53,502,873
Basic and Diluted EPS	$	(0.08	)	$	0.10

For the three months ended March 31, 2016, 10,945 shares have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive.

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

In the normal course of business the Company and its subsidiaries may be involved in various claims, legal proceedings, or may enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. Within the Company’s Offshore Energy segment, a lessee has asserted that it is entitled to certain reimbursable expenses or adjustments per the terms of the related charter agreement. Although the Company believes it has strong defenses against these claims, the range of potential damages is $0 to $3,247. No amount has been recorded for this matter in the Company's consolidated financial statements as of March 31, 2016, and the Company will continue to vigorously defend against these claims. The Company’s maximum exposure under other arrangements is unknown as no additional claims have been made. The Company believes the risk of loss in connection with such arrangement is remote.

In connection with the formation of MT6015, a consolidated VIE (Note 2), the joint venture partner is obligated to fund an additional equity contribution of $11,925 and secure a charter for the vessel, at which time the Company would be obligated to contribute additional equity of $11,925.

Two of the Company’s subsidiaries are lessees under various operating and capital leases. Total rent expense for operating leases was $1,214 and $756 for the three months ended March 31, 2016 and 2015, respectively.

As of March 31, 2016, minimum future rental payments under operating and capital leases are as follows:



	March 31, 2016
2016	$	4,387
2017	5,669
2018	5,571
2019	5,141
2020	4,466
Thereafter	76,998
Total	$	102,232

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On May 2, 2016, the Company’s Board of Directors declared a cash dividend on its common stock of $0.33 per share for the quarter ended March 31, 2016, payable on May 31, 2016 to the holders of record on May 20, 2016.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting	-The unaudited consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”) and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The consolidated balance sheet at December 31, 2015 has been derived from audited financial statements but does not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair statement of the Company’s financial position, results of operations and cash flows have been included and are of a normal and recurring nature. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. The interim financial information contained herein should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2015 included in Form 10-K.
Principles of Consolidation	The Company consolidates all entities in which it has a controlling financial interest and in which it has control over significant operating decisions, as well as variable interest entities (“VIEs”) in which the Company is the primary beneficiary. All significant intercompany transactions and balances have been eliminated. The ownership interest of other investors in consolidated subsidiaries is recorded as non-controlling interest. The Company uses the equity method of accounting for investments in entities in which the Company exercises significant influence but which do not meet the requirements for consolidation. Under the equity method, the Company records its proportionate share of the underlying net income (loss) of these entities.
Variable Interest Entities	The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
Reclassifications	Certain prior period amounts have been reclassified to conform to current period presentation.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Risks and Uncertainties	In the normal course of business, the Company encounters several significant types of economic risk including credit, market, and capital market risks. Credit risk is the risk of the inability or unwillingness of a lessee, customer, or derivative counterparty to make contractually required payments or to fulfill its other contractual obligations. Market risk reflects the risk of a downturn or volatility in the underlying industry segments in which the Company operates which could adversely impact the pricing of the services offered by the Company or a lessee’s or customer’s ability to make payments, increase the risk of unscheduled lease terminations and depress lease rates and the value of the Company’s leasing equipment or operating assets. Capital market risk is the risk that the Company is unable to obtain capital at reasonable rates to fund the growth of its business or to refinance existing debt facilities. The Company, through its subsidiaries, also conducts operations outside of the United States; such international operations are subject to the same risks as those associated with its United States operations as well as additional risks, including unexpected changes in regulatory requirements, heightened risk of political and economic instability, potentially adverse tax consequences and the burden of complying with foreign laws. The Company does not have significant exposure to foreign currency risk as all of its leasing arrangements, terminal services revenue and the majority of freight rail revenue are denominated in U.S. dollars.
Concentration of Credit Risk	The Company is subject to concentrations of credit risk with respect to amounts due from customers on its finance leases and operating leases. The Company attempts to limit its credit risk by performing ongoing credit evaluations. During the three months ended March 31, 2016, the Company earned approximately 12.3% of its revenue from one customer in the Jefferson Terminal segment. During the three months ended March 31, 2015, the Company earned approximately 14% of its revenue from one lessee in the offshore energy segment. As of March 31, 2016, accounts receivable from two customers in the offshore segment each represented 23.6% and 22.7% of total accounts receivable, net. As of December 31, 2015, accounts receivable from two customers in the offshore segment each represented 27.1% and 25.4% of total accounts receivable, net. The Company maintains cash and restricted cash balances, which generally exceed federally insured limits, and subject the Company to credit risk, in high credit quality financial institutions. The Company monitors the financial condition of these institutions and has not experienced any losses associated with these accounts.
Provision for Doubtful Accounts	The Company determines the provision for doubtful accounts based on its assessment of the collectability of its receivables on a customer-by-customer basis.
Comprehensive Income (Loss)	Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. The Company’s comprehensive income (loss) represents net income (loss), as presented in the accompanying Consolidated Statements of Operations, adjusted for fair value changes related to derivatives accounted for as cash flow hedges and the Company’s pro-rata share of items of comprehensive income derived from investments in unconsolidated entities.
Derivative Financial Instruments	In the normal course of business the Company may utilize interest rate derivatives to manage its exposure to interest rate risks, principally related to the hedging of variable rate interest payments on various debt facilities. If certain conditions are met, an interest rate derivative may be specifically designated as a cash flow hedge. In connection with its debt obligations, the Company had entered into one interest rate derivative designated as a cash flow hedge and one non-hedge derivative. The Company terminated both derivatives during the three months ended March 31, 2016 when the related debt obligations were paid in full. For the interest rate derivative designated as a cash flow hedge, all remaining net gains or losses in accumulated other comprehensive income at the date of termination were reclassified into earnings during the three months ended March 31, 2016. The Company does not enter into speculative derivative transactions.
Other Assets	Other Assets is primarily comprised of notes receivables of $19,656 and $19,468, leasing equipment purchase deposits of $10,728 and $7,450, capitalized costs for potential asset acquisitions of $7,007 and $5,473, as of March 31, 2016 and December 31, 2015, respectively. Additionally, during the three months ended March 31, 2016, the Company purchased and took physical delivery of heavy crude for blending for $1,558. The crude inventory has been also been recorded within Other Assets on the Consolidated Balance Sheet, at lower of cost or market as of March 31, 2016.
Dividends	Dividends—Dividends are recorded when declared by the Board of Directors
Recent Accounting Pronouncements and Unadopted Accounting Pronouncements	Recent Accounting Pronouncements—In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 amends the consolidation guidance for VIEs and general partners’ investments in limited partnerships and modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities. ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company has adopted ASU 2015-02 as of January 1, 2016 and the adoption of this guidance did not have a material impact on the Company's consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance is effective for reporting periods beginning after December 15, 2015 and interim periods within those fiscal years with early adoption permitted. ASU 2015-03 should be applied on a retrospective basis, wherein the balance sheet of each period presented should be adjusted to reflect the effects of adoption. The Company has adopted ASU 2015-03 as of January 1, 2016 and revised its consolidated balance sheet to present debt issuance costs as a direct deduction from Debt rather than within Other Assets, for all periods presented. In August 2015, the FASB issued ASU No. 2015-15, Interest - Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated With Line-Of-Credit Arrangements (“ASU 2015-15”). ASU 2015-15 provides further guidance related to the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. ASU 2015-15 allows companies to defer and present debt issuance costs as an asset or as a direct deduction from the carrying amount of that debt liability and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings of the line-of-credit arrangement. The guidance is effective for reporting periods beginning after December 15, 2015 and interim periods within those fiscal years with early adoption permitted. The Company has adopted ASU 2015-15 as of January 1, 2016 and revised its consolidated balance sheet to present debt issuance costs related to debt drawn under a line-of-credit arrangements as a direct deduction from Debt rather than within Other Assets, for all periods presented. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations- Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). ASU 2015-16 requires an acquirer in a business combination to recognize adjustments to the initial purchase accounting that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. ASU No. 2015-16 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company has adopted ASU 2015-16 as of January 1, 2016 and the adoption of this guidance did not have a material impact on the Company's consolidated financial statements. Unadopted Accounting Pronouncements—In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU-2014-09”) which provides a single comprehensive model for recognizing revenue from contracts with customers and supersedes existing revenue recognition guidance. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, to defer the effective date of ASU 2014-09 by one year, making it effective for annual reporting periods beginning after December 15, 2017 while also providing for early adoption but not before the original effective date. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In August 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory” (Topic 330) (“ASU 2015-11”), which simplifies the measurement of inventory by requiring certain inventory to be measured at the “lower of cost and net realizable value” and the previous parameters for “market value” will be eliminated. ASU 2015-11 defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” The standard will be effective for fiscal years beginning after December 15, 2016, with earlier adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires (i) equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income, (ii) public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. ASU 2016-01 also eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019, with early adoption permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-06, Contingent put and call options in debt instruments ("ASU 2016-06"). ASU 2016-06 simplifies the embedded derivative analysis for debt instruments containing contingent call or put options. ASU 2016-06 will be effective fiscal years beginning after December 15, 2016, and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Consideration (Reporting Revenue Gross versus Net) ("ASU 2016-08"). ASU 2016-08 clarifies how an entity should identify the unit of accounting for the principal versus agent evaluation, how it should apply the control principle to certain types of arrangements, and provides indicators of when an entity controls the good or service and is acting as principal. ASU 2016-08 will be effective beginning in the first quarter of 2018, with early adoption permitted in the first quarter of 2017. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). ASU 2016-09 requires the income tax effects of awards to be recognized in the income statement when the awards vest or are settled, increases the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification, and allow recognizing forfeitures of awards as they occur. ASU 2016-09 will be effective beginning in the first quarter of 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

LEASING EQUIPMENT, NET (Tables)

3 Months Ended

Mar. 31, 2016

Leases [Abstract]

Summary of Leasing Equipment

Leasing equipment, net is summarized as follows:



	March 31, 2016
Equipment	Aviation Leasing			Offshore Energy			Jefferson Terminal			Total
Leasing equipment:	$	475,677		$	184,995		$	44,326		$	704,998
Less: Accumulated depreciation	(40,708		)	(11,292		)	(1,823		)	(53,823		)
Leasing equipment, net	$	434,969		$	173,703		$	42,503		$	651,175



	December 31, 2015
Equipment	Aviation Leasing			Offshore Energy			Jefferson Terminal			Total
Leasing equipment:	$	452,602		$	184,284		$	44,326		$	681,212
Less: Accumulated depreciation	(33,281		)	(9,704		)	(1,546		)	(44,531		)
Leasing equipment, net	$	419,321		$	174,580		$	42,780		$	636,681

FINANCE LEASES, NET (Tables)

3 Months Ended

Mar. 31, 2016

Leases [Abstract]

Schedule of Capital Leases, Lessor Balance Sheet

Finance leases, net are summarized as follows:



	March 31, 2016			December 31, 2015
	Total			Offshore Energy			Shipping Containers			Total
Finance leases	$	19,535		$	20,037		$	82,332		$	102,369
Unearned revenue	(9,509		)	(9,915		)	(9,933		)	(19,848		)
Finance leases, net	$	10,026		$	10,122		$	72,399		$	82,521

Schedule of Future Minimum Lease Payments for Capital Leases

At March 31, 2016, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows:



	Total
2016	$	1,511
2017	2,008
2018	2,008
2019	2,008
2020	2,013
Thereafter	9,987
Total	$	19,535

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment, net is summarized as follows:



	March 31, 2016
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,478		$	14,049		$	19,527
Construction in progress	1,583			44,232			45,815
Buildings and improvements	557			2,193			2,750
Crude oil terminal machinery and equipment	—			225,210			225,210
Track and track related assets	17,433			—			17,433
Railroad equipment	777			—			777
Railcars and locomotives	2,361			—			2,361
Computer hardware and software	133			34			167
Furniture and fixtures	121			289			410
Vehicles	766			44			810
	29,209			286,051			315,260
Less: accumulated depreciation	(3,450		)	(12,819		)	(16,269		)
Spare parts	—			2,831			2,831
Property, plant and equipment, net	$	25,759		$	276,063		$	301,822



	December 31, 2015
	Railroad			Jefferson Terminal			Total
Land and site improvements	$	5,478		$	14,014		$	19,492
Construction in progress	893			55,034			55,927
Buildings and improvements	557			2,193			2,750
Crude oil terminal machinery and equipment	—			210,857			210,857
Track and track related assets	17,159			—			17,159
Railroad equipment	1,050			—			1,050
Railcars and locomotives	1,720			—			1,720
Computer hardware and software	118			34			152
Furniture and fixtures	121			289			410
Vehicles	503			44			547
	27,599			282,465			310,064
Less: accumulated depreciation	(2,907		)	(10,308		)	(13,215		)
Spare parts	—			2,829			2,829
Property, plant and equipment, net	$	24,692		$	274,986		$	299,678

INVESTMENTS IN UNCONSOLIDATED ENTITY (Tables)

3 Months Ended

Mar. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Summary financial information for Intermodal Finance I, Ltd is follows:



	Three Months Ended March 31,
	2016			2015
Revenue
Total revenues	$	3,400		$	4,318

Expenses
Operating expenses	230			193
General and administrative	302			161
Depreciation and amortization	1,794			597
Interest expense	791			1,043
Total expenses	3,117			1,994

Other Income
Loss on disposal of equipment	(179		)	—
Total Other Income	(179		)	—
Net income	104			2,324
Other comprehensive income	—			—
Comprehensive income	$	104		$	2,324

Company's equity in earnings	$	85		$	1,241



	March 31,		December 31,
	2016		2015
Assets
Cash and cash equivalents	$	6	$	4,796
Restricted cash	6,083		2,117
Accounts Receivable	961		1,153
Leasing equipment, net of accumulated depreciation of $8,822 and $7,305, respectively	44,445		47,735
Finance Leases, net	29,515		34,261
Other assets	149		31
Total Assets	$	81,159	$	90,093

Liabilities
Accounts payable and accrued liabilities	157		154
Syndication liabilities	2,209		3,201
Debt, net	75,772		82,991
Other liabilities	4		458
Total Liabilities	$	78,142	$	86,804

Members' Equity
Members' Equity	3,017		3,289
Total members' equity	3,017		3,289
Total liabilities and members' equity	$	81,159	$	90,093

Company's investment in and advances to unconsolidated entity	$	10,329	$	10,675

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)

3 Months Ended

Mar. 31, 2016

Intangible Assets and Liabilities Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets and Liabilities

The Company’s intangible assets and liabilities, net are summarized as follows:



	March 31, 2016
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(11,382		)	—			—			(11,382		)
Total acquired favorable lease intangibles, net	11,499			—			—			11,499

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(5,606		)	(86		)	(5,692		)
Total acquired customer relationships, net	—			29,907			139			30,046

Total intangible assets, net	$	11,499		$	29,907		$	139		$	41,545

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(258		)	—			—			(258		)
Total acquired unfavorable lease intangibles, net	$	913		$	—		$	—		$	913



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(9,697		)	—			—			(9,697		)
Total acquired favorable lease intangibles, net	13,184			—			—			13,184

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
Total acquired customer relationships, net	—			30,795			150			30,945

Total intangible assets, net	$	13,184		$	30,795		$	150		$	44,129

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(151		)	—			—			(151		)
Total acquired unfavorable lease intangibles, net	$	1,020		$	—		$	—		$	1,020

Schedule of Below Market Leases

The Company’s intangible assets and liabilities, net are summarized as follows:



	March 31, 2016
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(11,382		)	—			—			(11,382		)
Total acquired favorable lease intangibles, net	11,499			—			—			11,499

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(5,606		)	(86		)	(5,692		)
Total acquired customer relationships, net	—			29,907			139			30,046

Total intangible assets, net	$	11,499		$	29,907		$	139		$	41,545

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(258		)	—			—			(258		)
Total acquired unfavorable lease intangibles, net	$	913		$	—		$	—		$	913



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets:
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Accumulated amortization	(9,697		)	—			—			(9,697		)
Total acquired favorable lease intangibles, net	13,184			—			—			13,184

Customer relationships	—			35,513			225			35,738
Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
Total acquired customer relationships, net	—			30,795			150			30,945

Total intangible assets, net	$	13,184		$	30,795		$	150		$	44,129

Intangible liabilities:
Acquired unfavorable lease intangibles	$	1,171		$	—		$	—		$	1,171
Accumulated amortization	(151		)	—			—			(151		)
Total acquired unfavorable lease intangibles, net	$	1,020		$	—		$	—		$	1,020

Schedule of Intangible Liabilities

Amortization of intangible assets and liabilities is recorded in the Consolidated Statements of Operations as follows:



	Three Months Ended March 31,				Classification in Consolidated Statements of Operations
	2016		2015
Lease intangibles	$	1,578	$	2,096	Equipment leasing revenues
Customer relationships	899		895		Depreciation and amortization
Total	$	2,477	$	2,991

Schedule of Net Annual Amortization of Intangibles

As of March 31, 2016, estimated net annual amortization of intangibles is as follows:



2016	$	6,796
2017	6,757
2018	5,941
2019	4,530
2020	3,580
Thereafter	13,028
Total	$	40,632

DEBT, NET (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company’s debt, net is summarized as follows:



	March 31,			December 31,
	2016			2015
Loans payable
Container Loan #1	$	—		$	34,761
Container Loan #2	—			11,338
FTAI Pride Credit Agreement	65,625			67,188
CMQR Credit Agreement	12,860			9,407
Jefferson Terminal Credit Agreement	—			98,750
Total loans payable	78,485			221,444
Bonds payable
Series 2012 Bonds (including unamortized premium of $1,738 and $1,751 at March 31, 2016 and December 31, 2015, respectively)	47,248			47,261
Series 2016 Bonds	144,200			—
Total bonds payable	191,448			47,261
Note payable to non-controlling interest
Note payable to non-controlling interest	2,352			2,352
Total note payable to non-controlling interest	2,352			2,352

Debt	$	272,285		$	271,057
less: Debt issuance costs	(7,945		)	(4,836		)
Total debt, net	264,340			266,221

Debt due within one year	$	8,243		$	24,791

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis



	Fair Value as of		Fair Value Measurements at March 31, 2016
	March 31, 2016		Using Fair Value Hierarchy
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets:
Cash and cash equivalents	$	347,912	$	347,912	$	—	$	—	Market
Restricted cash	65,985		65,985		—		—		Market
Total	$	413,897	$	413,897	$	—	$	—

	Fair Value as of		Fair Value Measurements at December 31, 2015
	December 31, 2015		Using Fair Value Hierarchy
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets:
Cash and cash equivalents	$	381,703	$	381,703	$	—	$	—	Market
Restricted cash	21,610		21,610		—		—		Market
Derivative assets	101		—		101		—		Income
Total	$	403,414	$	403,313	$	101	$	—

REVENUES REVENUES (Tables)

3 Months Ended

Mar. 31, 2016

Revenue Disclosure [Abstract]

Reconciliation of Revenue from Segments to Consolidated

Components of revenue are as follows:



	Three Months Ended March 31, 2016
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	12,847	$	75	$	—	$	—	$	—	$	12,922
Maintenance revenue	5,106		—		—		—		—		5,106
Finance lease income	—		410		1,112		—		—		1,522
Other revenue	—		—		25		—		—		25
Total equipment leasing revenues	$	17,953	$	485	$	1,137	$	—	$	—	$	19,575
Infrastructure revenues
Lease income	—		—		—		—		—		—
Rail revenues	—		—		—		—		7,999		7,999
Terminal services revenues	—		—		—		3,879		—		3,879
Total infrastructure revenues	$	—	$	—	$	—	$	3,879	$	7,999	$	11,878
Total revenues	$	17,953	$	485	$	1,137	$	3,879	$	7,999	$	31,453



	Three Months Ended March 31, 2015
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Total
Equipment leasing revenues
Lease income	$	9,739	$	6,266	$	—	$	—	$	—	$	16,005
Maintenance revenue	3,386		—		—		—		—		3,386
Finance lease income	—		410		1,901		—		—		2,311
Other revenue	1,120		191		25		—		—		1,336
Total equipment leasing revenues	$	14,245	$	6,867	$	1,926	$	—	$	—	$	23,038
Infrastructure revenues
Lease income	—		—		—		1,410		—		1,410
Rail revenues	—		—		—		—		6,289		6,289
Terminal services revenues	—		—		—		3,236		—		3,236
Total infrastructure revenues	—		—		—		$	4,646	$	6,289	$	10,935
Total revenues	$	14,245	$	6,867	$	1,926	$	4,646	$	6,289	$	33,973

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum future annual revenues contracted to be received under existing operating leases of equipment at March 31, 2016 are as follows:



2016	$	39,997
2017	37,396
2018	24,779
2019	14,417
2020	7,206
Thereafter	1,452
Total	$	125,247

As of March 31, 2016, minimum future rental payments under operating and capital leases are as follows:



	March 31, 2016
2016	$	4,387
2017	5,669
2018	5,571
2019	5,141
2020	4,466
Thereafter	76,998
Total	$	102,232

EQUITY BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

Information on equity based compensation as of March 31, 2016 is as follows:

Stock Options



		Options	Weighted-Average Exercise Price (per share)	Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Stock options outstanding at January 1, 2016		15,000	16.98
	Granted
	Exercised	—
	Forfeited and cancelled	—
Stock options outstanding and exercisable as of March 31, 2016		15,000	16.98	9.17	$	—

Schedule of Stock-based Compensation Arrangements

The Company’s Statements of Operations includes the following (income) expense related to its stock-based compensation arrangements:



	Three Months Ended March 31, 2016			Remaining Expense To Be Recognized, If All Vesting Conditions Are Met
Stock Options	$	—		$	—
Restricted Shares	(4,168		)	23,879
Common Units	205			263
Total	$	(3,963	)	$	24,142

INCOME TAXES INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The current and deferred components of the income tax expense (benefit) included in the Consolidated Statements of Operations are as follows:



	March 31,
	2016			2015
Current:
Federal	$	20		$	29
State and local	31			8
Foreign	10			115
Total current provision	61			152

Deferred:
Federal	4			15
State and local	—			(1		)
Foreign	(131		)	64
Total deferred provision	(127		)	78

Total provision (benefit) for income taxes	$	(66	)	$	230

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables set forth certain information for each reportable segment of the Company:

I. For the Three Months Ended March 31, 2016



	Three Months Ended March 31, 2016
	Equipment Leasing									Infrastructure
	Aviation Leasing			Offshore Energy			Shipping Containers			Jefferson Terminal			Railroad		Corporate			Total
Revenues
Equipment leasing	$	17,953		$	485		$	1,137		$	—		$	—	$	—		$	19,575
Infrastructure	—			—			—			3,879			7,999		—			11,878
Total revenues	17,953			485			1,137			3,879			7,999		—			31,453

Expenses
Operating expenses	817			3,601			30			2,688			7,222		—			14,358
General and administrative	—			—			—			—			—		2,588			2,588
Acquisition and transaction expense	—			—			—			—			—		1,059			1,059
Management fees and incentive allocation to affiliate	—			—			—			—			—		4,348			4,348
Depreciation and amortization	7,427			1,588			—			3,676			526		—			13,217
Interest expense	—			935			410			3,804			154		—			5,303
Total expenses	8,244			6,124			440			10,168			7,902		7,995			40,873

Other income (expense)
Equity in earnings of unconsolidated entities	—			—			85			—			—		—			85
Gain on sale of equipment	1,208			—			304			—			210		—			1,722
Loss on extinguishment of debt	—			—			—			(1,579		)	—		—			(1,579		)
Interest income	1			2			—			6			—		—			9
Other income (expense)	—			—			(2		)	42			—		—			40
Total other income (expense)	1,209			2			387			(1,531		)	210		—			277
Income before income taxes	10,918			(5,637		)	1,084			(7,820		)	307		(7,995		)	(9,143		)
Provision (benefit) for income taxes	(97		)	—			(4		)	35			—		—			(66		)
Net income (loss)	11,015			(5,637		)	1,088			(7,855		)	307		(7,995		)	(9,077		)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	97			(247		)	—			(3,156		)	13		(2		)	(3,295		)
Net income (loss) attributable to shareholders	$	10,918		$	(5,390	)	$	1,088		$	(4,699	)	$	294	$	(7,993	)	$	(5,782	)

As of and for the Three Months Ended March 31, 2015



	Three Months Ended March 31, 2015
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing	$	14,245	$	6,867	$	1,926		$	—		$	—		$	—		$	23,038
Infrastructure	—		—		—			4,646			6,289			—			10,935
Total revenues	14,245		6,867		1,926			4,646			6,289			—			33,973

Expenses
Operating expenses	338		571		53			6,673			7,084			—			14,719
General and administrative	—		—		—			—			—			348			348
Acquisition and transaction expense	—		—		—			—			—			368			368
Management fees	—		—		—			—			—			2,414			2,414
Depreciation and amortization	5,256		1,489		—			3,308			509			—			10,562
Interest expense	—		956		642			3,087			130			—			4,815
Total expenses	5,594		3,016		695			13,068			7,723			3,130			33,226

Other income (expense)
Equity in earnings of unconsolidated entities	—		—		1,241			—			—			—			1,241
Gain on sale of equipment	—		—		—			—			3			—			3
Interest income	8		139		—			40			—			—			187
Other income (expense)	—		—		(7		)	1			—			—			(6		)
Total other income (expense)	8		139		1,234			41			3			—			1,425
Income before income taxes	8,659		3,990		2,465			(8,381		)	(1,431		)	(3,130		)	2,172
Provision for income taxes	214		—		16			—			—			—			230
Net income (loss)	8,445		3,990		2,449			(8,381		)	(1,431		)	(3,130		)	1,942
Less: Net income attributable to non-controlling interests in consolidated subsidiaries	—		181		—			(3,654		)	(33		)	—			(3,506		)
Net income (loss) attributable to shareholders	$	8,445	$	3,809	$	2,449		$	(4,727	)	$	(1,398	)	$	(3,130	)	$	5,448

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table sets forth a reconciliation of Adjusted Net Income to net income attributable to shareholders:



	Three Months Ended March 31, 2016
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy			Shipping Containers		Jefferson Terminal			Railroad		Corporate			Total
Adjusted Net Income (Loss)	$	10,475	$	(5,390	)	$	1,087	$	(6,257	)	$	491	$	(6,938	)	$	(6,532	)
Add: Non-controlling share of adjustments to Adjusted Net Income																(989		)
Add: Equity in earnings of unconsolidated entities																85
Add: Cash payments for income taxes																351
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(85		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(3		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																(1,579		)
Less: Acquisition and transaction expenses																(1,059		)
Less: Equity-based compensation expense																3,963
Less: Provision for income taxes																66
Net income (loss) attributable to shareholders																(5,782		)

The following table sets forth a reconciliation of Adjusted Net Income to net income attributable to shareholders:



	Three Months Ended March 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	8,462	$	3,809	$	2,473	$	(4,215	)	$	(844	)	$	(2,762	)	$	6,923
Add: Non-controlling share of adjustments to Adjusted Net Income																354
Add: Equity in earnings of unconsolidated entities																1,241
Add: Cash payments for income taxes																197
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(1,241		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(8		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(368		)
Less: Equity-based compensation expense																(1,420		)
Less: Provision for income taxes																(230		)
Net income attributable to shareholders																$	5,448

Revenue from External Customers by Geographic Areas

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Three Months Ended March 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	3,116	$	—	$	—	$	—	$	—	$	—	$	3,116
Asia	5,988		1,844		1,378		—		—		—		9,210
Europe	4,526		4,613		—		—		—		—		9,139
North America	480		410		548		4,646		6,289		—		12,373
South America	135		—		—		—		—		—		135
Total revenues	$	14,245	$	6,867	$	1,926	$	4,646	$	6,289	$	—	$	33,973

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer, is as follows:



	Three Months Ended March 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	2,779	$	—	$	—	$	—	$	—	$	—	$	2,779
Asia	9,383		—		809		—		—		—		10,192
Europe	4,966		75		—		—		—		—		5,041
North America	460		410		328		3,879		7,999		—		13,076
South America	365		—		—		—		—		—		365
Total revenues	$	17,953	$	485	$	1,137	$	3,879	$	7,999	$	—	$	31,453

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated



	March 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	457,618	$	212,505	$	10,351	$	533,656	$	38,922	$	353,396	$	1,606,448

Debt, net	—		67,169		—		184,798		12,373		—		264,340

Total liabilities	50,686		71,042		—		195,104		23,938		6,601		347,371

Non-controlling interests in equity of consolidated subsidiaries	997		7,444		—		112,610		1,931		570		123,552

Total equity	406,932		141,463		10,351		338,552		14,984		346,795		1,259,077

Total liabilities and equity	$	457,618	$	212,505	$	10,351	$	533,656	$	38,922	$	353,396	$	1,606,448



	December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	56,927	$	—	$	—	$	—	$	—	$	—	$	56,927
Asia	189,364		39,138		—		—		—		—		228,502
Europe	130,632		135,442		—		—		—		—		266,074
North America	37,950		—		—		317,766		24,692		—		380,408
South America	4,448		—		—		—		—		—		4,448
Total property, plant and equipment and leasing equipment, net	$	419,321	$	174,580	$	—	$	317,766	$	24,692	$	—	$	936,359

Long-lived Assets by Geographic Areas



	March 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	56,145	$	—	$	—	$	—	$	—	$	—	$	56,145
Asia	192,255		39,149		—		—		—		—		231,404
Europe	135,002		134,554		—		—		—		—		269,556
North America	47,197		—		—		318,566		25,759		—		391,522
South America	4,370		—		—		—		—		—		4,370
Total property, plant and equipment and leasing equipment, net	$	434,969	$	173,703	$	—	$	318,566	$	25,759	$	—	$	952,997



	December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Property, plant and equipment and leasing equipment, net
Africa	$	56,927	$	—	$	—	$	—	$	—	$	—	$	56,927
Asia	189,364		39,138		—		—		—		—		228,502
Europe	130,632		135,442		—		—		—		—		266,074
North America	37,950		—		—		317,766		24,692		—		380,408
South America	4,448		—		—		—		—		—		4,448
Total property, plant and equipment and leasing equipment, net	$	419,321	$	174,580	$	—	$	317,766	$	24,692	$	—	$	936,359

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted EPS is presented below (in thousands, except share and per share data).



	Three Months Ended March 31,
	2016			2015
Net Income Attributable to Shareholders	$	(5,782	)	$	5,448
Weighted Average Shares Outstanding	75,727,369			53,502,873
Basic and Diluted EPS	$	(0.08	)	$	0.10

COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum future annual revenues contracted to be received under existing operating leases of equipment at March 31, 2016 are as follows:



2016	$	39,997
2017	37,396
2018	24,779
2019	14,417
2020	7,206
Thereafter	1,452
Total	$	125,247

As of March 31, 2016, minimum future rental payments under operating and capital leases are as follows:



	March 31, 2016
2016	$	4,387
2017	5,669
2018	5,571
2019	5,141
2020	4,466
Thereafter	76,998
Total	$	102,232

ORGANIZATION (Details)	3 Months Ended
ORGANIZATION (Details)	Mar. 31, 2016 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	5
Number of primary businesses	2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016 USD ($) derivative_instrument $ / shares	Mar. 31, 2015 USD ($) customer	Dec. 31, 2015 USD ($) customer
Variable Interest Entities [Abstract]
Restricted cash	$ 65,985		$ 21,610
Provision for doubtful accounts	444		392
Bad debt expense	32	$ 4
Reclassification adjustments impacting accumulated other comprehensive income	$ 97	37
Common stock dividends declared (in dollars per share) \| $ / shares	$ 0.33
Co-venturer \| Subsidiary
Variable Interest Entities [Abstract]
Subsidiary loan to VIE partner for equity contribution	$ 3,725	$ 3,725	3,725
MT6015
Variable Interest Entities [Abstract]
Equity contribution obligation	11,925
Total assets			$ 7,533
MT6015 \| MT6015
Variable Interest Entities [Abstract]
Vessel purchase commitment	$ 75,000
MT6015 \| Subsidiary
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage	50.00%
MT6015 \| Third Party
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage	50.00%
Equity contribution obligation	$ 11,925
One Major Revenue Customer \| Customer Concentration Risk \| Sales Revenue, Net [Member]
Variable Interest Entities [Abstract]
Concentration risk percentage	12.30%	14.00%
One Major Revenue Customer \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy \| Customer Concentration Risk \| Sales Revenue, Net [Member]
Variable Interest Entities [Abstract]
Number of lessees \| customer		1
Two Major Accounts Receivable Customers [Member] \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy \| Customer Concentration Risk \| Accounts Receivable [Member]
Variable Interest Entities [Abstract]
Number of lessees \| customer		2	2
Major Accounts Receivable Customer, Customer One [Member] \| Customer Concentration Risk \| Accounts Receivable [Member]
Variable Interest Entities [Abstract]
Concentration risk percentage	23.60%		27.10%
Major Accounts Receivable Customer, Customer Two [Member] \| Customer Concentration Risk \| Accounts Receivable [Member]
Variable Interest Entities [Abstract]
Concentration risk percentage	22.70%		25.40%
Designated as Hedging Instrument
Variable Interest Entities [Abstract]
Number of derivatives \| derivative_instrument	1
Not Designated as Hedging Instrument
Variable Interest Entities [Abstract]
Number of derivatives \| derivative_instrument	1
Other Assets [Member]
Variable Interest Entities [Abstract]
Accounts and Notes Receivable, Net	$ 19,656		$ 19,468
Leasing Equipment, Purchase Deposits	10,728		7,450
Capitalized Costs, Potential Asset Acquisitions	7,007		$ 5,473
Energy Related Inventory, Crude Oil and Natural Gas Liquids	$ 1,558

LEASING EQUIPMENT, NET (Details) $ in Thousands	3 Months Ended
LEASING EQUIPMENT, NET (Details) $ in Thousands	Mar. 31, 2016 USD ($) commercial_jet_engine	Mar. 31, 2015 USD ($)	Dec. 31, 2015 USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment, net	$ 651,175		$ 636,681
Equipment Leasing
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:		$ 704,998	681,212
Less: Accumulated depreciation		(53,823)	(44,531)
Leasing equipment, net		651,175	636,681
Depreciation	$ 9,292	7,022
Leasing Equipment, Number of Commercial Jet Engines Acquired \| commercial_jet_engine	6
Leasing Equipment, Number of Commercial Jet Engines Sold \| commercial_jet_engine	1
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Aviation Leasing
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	$ 475,677		452,602
Less: Accumulated depreciation	(40,708)		(33,281)
Leasing equipment, net		434,969	419,321
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	184,995		184,284
Less: Accumulated depreciation	(11,292)		(9,704)
Leasing equipment, net		173,703	174,580
Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Jefferson Terminal
Property Subject to or Available for Operating Lease [Line Items]
Leasing equipment:	44,326		44,326
Less: Accumulated depreciation	$ (1,823)		(1,546)
Leasing equipment, net		$ 42,503	$ 42,780

FINANCE LEASES, NET - Summary (Details) shipping_container in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($) shipping_container	Dec. 31, 2015 USD ($)
Capital Leased Assets [Line Items]
Number of shipping containers sold \| shipping_container	42
Equipment Leasing
Capital Leased Assets [Line Items]
Finance leases		$ 102,369
Unearned revenue		(19,848)
Finance leases, net		82,521
Equipment Leasing \| Reportable Subsegments \| Operating Segments
Capital Leased Assets [Line Items]
Finance leases	$ 19,535
Unearned revenue	(9,509)
Finance leases, net	$ 10,026
Equipment Leasing \| Reportable Subsegments \| Operating Segments \| Offshore Energy
Capital Leased Assets [Line Items]
Finance leases		20,037
Unearned revenue		(9,915)
Finance leases, net		10,122
Equipment Leasing \| Reportable Subsegments \| Operating Segments \| Shipping Containers
Capital Leased Assets [Line Items]
Finance leases		82,332
Unearned revenue		(9,933)
Finance leases, net		$ 72,399

FINANCE LEASES, NET - Future Minimum Payments Receivable (Details) - Equipment Leasing $ in Thousands	Mar. 31, 2016 USD ($)
Capital Leased Assets [Line Items]
2016	$ 1,511
2017	2,008
2018	2,008
2019	2,008
2020	2,013
Thereafter	9,987
Total	$ 19,535

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, net	$ 301,822	$ 299,678
Infrastructure
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	315,260	310,064
Less: accumulated depreciation	(16,269)	(13,215)
Property, plant, and equipment, net	301,822	299,678
Infrastructure \| Land and site improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	19,527	19,492
Infrastructure \| Construction in progress
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	45,815	55,927
Infrastructure \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,750	2,750
Infrastructure \| Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	225,210	210,857
Infrastructure \| Track and track related assets
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	17,433	17,159
Infrastructure \| Railroad equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	777	1,050
Infrastructure \| Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,361	1,720
Infrastructure \| Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	167	152
Infrastructure \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	410	410
Infrastructure \| Vehicles
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	810	547
Infrastructure \| Spare parts
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,831	2,829
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	29,209	27,599
Less: accumulated depreciation	(3,450)	(2,907)
Property, plant, and equipment, net	25,759	24,692
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Land and site improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	5,478	5,478
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Construction in progress
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,583	893
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	557	557
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	0	0
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Track and track related assets
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	17,433	17,159
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Railroad equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	777	1,050
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,361	1,720
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	133	118
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	121	121
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Vehicles
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	766	503
Infrastructure \| Railroad \| Reportable Subsegments \| Operating Segments \| Spare parts
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	0	0
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	286,051	282,465
Less: accumulated depreciation	(12,819)	(10,308)
Property, plant, and equipment, net	276,063	274,986
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Land and site improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	14,049	14,014
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Construction in progress
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	44,232	55,034
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,193	2,193
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	225,210	210,857
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Track and track related assets
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	0	0
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Railroad equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	0	0
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	0	0
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	34	34
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	289	289
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Vehicles
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	44	44
Infrastructure \| Jefferson Terminal \| Reportable Subsegments \| Operating Segments \| Spare parts
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,831	$ 2,829

PROPERTY, PLANT AND EQUIPMENT, NET - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired	$ 5,234	$ 38,857
Depreciation expense	3,026	2,645
Railroad equipment
Property, Plant and Equipment [Line Items]
Disposals of railroad equipment	$ 36	$ 119

INVESTMENTS IN UNCONSOLIDATED ENTITY (Details) shipping_container in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($) shipping_container customer	Mar. 31, 2015 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	$ 10,329		$ 10,675
Expenses
Company's equity in earnings	$ 85	$ 1,241
Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Ownership percentage				51.00%
Number of customers \| customer	6
Investments in and advances to unconsolidated entities	$ 10,329		10,675
Revenue
Total revenues	3,400	4,318
Expenses
Operating expenses	230	193
General and administrative	302	161
Depreciation and amortization	1,794	597
Interest expense	791	1,043
Total expenses	3,117	1,994
Loss on disposal of equipment	(179)	0
Total Other Income	(179)	0
Net income	104	2,324
Other comprehensive income	0	0
Comprehensive income	104	2,324
Company's equity in earnings	85	$ 1,241
Assets
Cash and cash equivalents	6		4,796
Restricted cash	6,083		2,117
Accounts Receivable	961		1,153
Leasing equipment, net of accumulated depreciation of $8,822 and $7,305, respectively	44,445		47,735
Finance Leases, net	29,515		34,261
Other assets	149		31
Total Assets	81,159		90,093
Accumulated depreciation	8,822		7,305
Liabilities
Accounts payable and accrued liabilities	157		154
Syndication liabilities	2,209		3,201
Debt, net	75,772		82,991
Other liabilities	4		458
Total Liabilities	78,142		86,804
Members' Equity
Members' Equity	3,017		3,289
Total liabilities and members' equity	$ 81,159		$ 90,093
Containers \| Intermodal Finance I, Ltd
Schedule of Equity Method Investments [Line Items]
Number of shipping containers \| shipping_container	57
Containers \| Intermodal Finance I, Ltd \| Shipping Containers Subject to Multiple Operating Leases
Schedule of Equity Method Investments [Line Items]
Shipping containers subject to multiple operating leases \| shipping_container	37

INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Intangible assets:
Total intangible assets, net	$ 41,545	$ 44,129
Intangible liabilities:
Below Market Lease, Gross	1,171	1,171
Below Market Lease, Accumulated Amortization	(258)	(151)
Below Market Lease, Net	913	1,020
Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	22,881	22,881
Accumulated amortization	(11,382)	(9,697)
Total	11,499	13,184
Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,738	35,738
Accumulated amortization	(5,692)	(4,793)
Total	30,046	30,945
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing
Intangible assets:
Total intangible assets, net	11,499	13,184
Intangible liabilities:
Below Market Lease, Gross	1,171	1,171
Below Market Lease, Accumulated Amortization	(258)	(151)
Below Market Lease, Net	913	1,020
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	22,881	22,881
Accumulated amortization	(11,382)	(9,697)
Total	11,499	13,184
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing \| Customer relationships
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Jefferson Terminal
Intangible assets:
Total intangible assets, net	29,907	30,795
Intangible liabilities:
Below Market Lease, Gross	0	0
Below Market Lease, Accumulated Amortization	0	0
Below Market Lease, Net	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Jefferson Terminal \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Jefferson Terminal \| Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,513	35,513
Accumulated amortization	(5,606)	(4,718)
Total	29,907	30,795
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad
Intangible assets:
Total intangible assets, net	139	150
Intangible liabilities:
Below Market Lease, Gross	0	0
Below Market Lease, Accumulated Amortization	0	0
Below Market Lease, Net	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad \| Customer relationships
Intangible assets:
Acquired finite-lived intangibles	225	225
Accumulated amortization	(86)	(75)
Total	$ 139	$ 150

INTANGIBLE ASSETS AND LIABILITIES, NET - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets and liabilities	$ 2,477	$ 2,991
Equipment leasing revenues \| Lease intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization of lease intangible assets and liabilities	1,578	2,096
Depreciation and amortization \| Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 899	$ 895

INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2016 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2016	$ 6,796
2017	6,757
2018	5,941
2019	4,530
2020	3,580
Thereafter	13,028
Total	$ 40,632

DEBT, NET - Schedule of Debt (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt	$ 272,285	$ 271,057
less: Debt issuance costs	(7,945)	(4,836)
Total debt, net	264,340	266,221
Debt due within one year	8,243	24,791
Loans payable
Debt Instrument [Line Items]
Debt	78,485	221,444
Loans payable \| Container Loan 1
Debt Instrument [Line Items]
Debt	0	34,761
Loans payable \| Container Loan 2
Debt Instrument [Line Items]
Debt	0	11,338
Loans payable \| FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Debt	65,625	67,188
Loans payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt	12,860	9,407
Loans payable \| Jefferson Terminal Credit Agreement
Debt Instrument [Line Items]
Debt	0	98,750
Bonds payable
Debt Instrument [Line Items]
Debt	191,448	47,261
Bonds payable \| Series 2012 Bonds
Debt Instrument [Line Items]
Debt	47,248	47,261
Unamortized premium	1,738	1,751
Bonds payable \| Series 2016 Bonds
Debt Instrument [Line Items]
Debt	144,200	0
Note payable to non-controlling interest
Debt Instrument [Line Items]
Debt	2,352	2,352
Note payable to non-controlling interest \| Note payable to non-controlling interest
Debt Instrument [Line Items]
Debt	$ 2,352	$ 2,352

DEBT, NET - Loans Payable, Additional Information (Details) - USD ($)		3 Months Ended			12 Months Ended
	Sep. 18, 2014	Dec. 31, 2016	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Mar. 28, 2016	Aug. 27, 2014	Sep. 20, 2013	Aug. 15, 2013	Jan. 17, 2013	Dec. 27, 2012
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ (1,579,000)	$ 0
Loans payable \| Container Loan 1 \| Interest Rate Swap
Debt Instrument [Line Items]
Percentage of debt hedged by interest rate derivatives										70.00%
Loans payable \| Container Loan 1 \| Subsidiary
Debt Instrument [Line Items]
Debt face amount											$ 55,991,000
Loans payable \| Container Loan 1 \| LIBOR \| Interest Rate Swap
Debt Instrument [Line Items]
Fixed interest rate										0.681%
Loans payable \| Container Loan 2 \| Interest Rate Cap
Debt Instrument [Line Items]
Percentage of debt hedged by interest rate derivatives								50.00%
Loans payable \| Container Loan 2 \| Subsidiary
Debt Instrument [Line Items]
Debt face amount									$ 21,548,000
Loans payable \| Container Loan 2 \| LIBOR \| Interest Rate Cap
Debt Instrument [Line Items]
Cap interest rate								2.50%
Loans payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt face amount	$ 10,000					$ 20,000
Debt call price			29,000,000
Loans payable \| CMQR Credit Agreement \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
Loans payable \| CMQR Credit Agreement \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	4.50%
Loans payable \| CMQR Credit Agreement \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Loans payable \| CMQR Credit Agreement \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
Loans payable \| CMQR Credit Agreement \| Canadian Fixed Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
Loans payable \| CMQR Credit Agreement \| Canadian Fixed Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	4.50%
Loans payable \| Jefferson Terminal Credit Agreement
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ (1,579,000)
Loans payable \| Jefferson Terminal Credit Agreement \| Subsidiary
Debt Instrument [Line Items]
Debt face amount							$ 100,000,000
Periodic payments					$ 250,000
Loans payable \| Jefferson Terminal Credit Agreement \| Subsidiary \| Scenario, Forecast [Member]
Debt Instrument [Line Items]
Periodic payments		$ 1,250,000

DEBT, NET - Bonds Payable, Additional Information(Details) - Bonds payable - Series 2016 Bonds	Mar. 07, 2016 USD ($)
Debt Instrument [Line Items]
Debt face amount	$ 144,200
Jefferson Terminal
Debt Instrument [Line Items]
Debt instrument guarantee fee	$ 6,873
Stated interest rate	7.25%

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets:
Total	$ 413,897	$ 403,414
Market
Assets:
Cash and cash equivalents	347,912	381,703
Restricted cash	65,985	21,610
Income
Assets:
Derivative assets		101
Level 1
Assets:
Total	413,897	403,313
Level 1 \| Market
Assets:
Cash and cash equivalents	347,912	381,703
Restricted cash	65,985	21,610
Level 1 \| Income
Assets:
Derivative assets		0
Level 2
Assets:
Total	0	101
Level 2 \| Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Level 2 \| Income
Assets:
Derivative assets		101
Level 3
Assets:
Total	0	0
Level 3 \| Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	$ 0	0
Level 3 \| Income
Assets:
Derivative assets		$ 0

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value on a recurring basis	$ 0		$ 0
Impairment charges	0	$ 0
Series 2012 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable			49,268,000
Series 2012 Bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	$ 49,268,000
Commercial Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable interest rate	10.00%
Notes Receivable, Fair Value Disclosure	$ 15,277,000		14,869,000
Subsidiary \| Co-venturer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 3,725,000	$ 3,725,000	$ 3,725,000
Loans receivable interest rate	12.00%		12.00%

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues
Total revenues	$ 31,453	$ 33,973
Equipment Leasing
Revenues
Lease income	12,922	16,005
Maintenance revenue	5,106	3,386
Finance lease income	1,522	2,311
Other revenue	25	1,336
Total revenues	19,575	23,038
Infrastructure
Revenues
Lease income	0	1,410
Rail revenues	7,999	6,289
Terminal services revenues	3,879	3,236
Total revenues	11,878	10,935
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Revenues
Lease income	12,847	9,739
Maintenance revenue	5,106	3,386
Finance lease income	0	0
Other revenue	0	1,120
Total revenues	17,953	14,245
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Revenues
Lease income	75	6,266
Maintenance revenue	0	0
Finance lease income	410	410
Other revenue	0	191
Total revenues	485	6,867
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Revenues
Lease income	0	0
Maintenance revenue	0	0
Finance lease income	1,112	1,901
Other revenue	25	25
Total revenues	1,137	1,926
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Revenues
Lease income	0	1,410
Rail revenues	0	0
Terminal services revenues	3,879	3,236
Total revenues	3,879	4,646
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Revenues
Lease income	0	0
Rail revenues	7,999	6,289
Terminal services revenues	0	0
Total revenues	$ 7,999	$ 6,289

REVENUES REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Mar. 31, 2016 USD ($)
Revenue Disclosure [Abstract]
2016	$ 39,997
2017	37,396
2018	24,779
2019	14,417
2020	7,206
Thereafter	1,452
Total future minimum payments receivable	$ 125,247

EQUITY BASED COMPENSATION - Additional Information (Details) $ in Thousands		3 Months Ended
	Aug. 27, 2014 USD ($)	Mar. 31, 2016 USD ($) performance_condition shares	Mar. 31, 2015 USD ($)	Dec. 31, 2015 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Less: Equity-based compensation expense \| $		$ 3,963	$ (1,420)
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Less: Equity-based compensation expense \| $		$ 4,168	(853)
Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation restricted shares granted (in shares) \| shares		1,300,000
Forfeiture rate		0.00%
Units nonvested (in shares) \| shares		1,250,000
Units vested (in shares) \| shares		20,939
Restricted Shares \| Employees of a subsidiary \| Operating Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Less: Equity-based compensation expense \| $		$ 4,402
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Less: Equity-based compensation expense \| $		$ (205)	$ (567)
Common Units \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation restricted shares granted (in shares) \| shares		1,400,000.0
Forfeiture rate		0.00%
Grant date fair value \| $		$ 1,688
Units nonvested (in shares) \| shares		717		733
Units vested (in shares) \| shares		16
Fair value of units vested \| $		$ 23
Common Units \| Employees of a subsidiary \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term		16 months
Common Units \| Employees of a subsidiary \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term		36 months
Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares) \| shares				30,000,000
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation restricted shares granted (in shares) \| shares		1,250,000
Vesting period		3 years
Grant date fair value \| $	$ 23,879
Number of performance conditions \| performance_condition		3
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary \| Tranche 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary \| Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%
Award Expiring August 2018 \| Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
Grant date fair value \| $		$ 800
Vesting percentage		50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Percentage Forfeited		50.00%

EQUITY BASED COMPENSATION - Summary of Stock Option Activity (Details) - Incentive Plan - Stock Options - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Options
Stock options outstanding, beginning balance (in shares)	15,000
Granted (in shares)
Exercised (in shares)	0
Forfeited and canceled (in shares)	0
Stock options outstanding, ending balance (in shares)	15,000
Weighted-Average Exercise Price (per share)
Stock options outstanding (in dollars per share)	$ 16.98	$ 16.98
Stock options exercisable (in dollars per share)	$ 16.98
Weighted Average Remaining Contractual Term (in years)
Outstanding (in years)	9 years 2 months 1 day
Aggregate intrinsic value of stock options outstanding	$ 0
Aggregate intrinsic value of stock options exercisable	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	15,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	9 years 2 months 1 day

EQUITY BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation	$ (3,963)	$ 1,420
Remaining expense to be recognized, if all vesting conditions are met	24,142
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation	0
Remaining expense to be recognized, if all vesting conditions are met	0
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation	(4,168)	853
Remaining expense to be recognized, if all vesting conditions are met	23,879
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation	205	$ 567
Remaining expense to be recognized, if all vesting conditions are met	$ 263

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Current:
Federal	$ 20	$ 29
State and local	31	8
Foreign	10	115
Total current provision	61	152
Deferred:
Federal	4	15
State and local	0	(1)
Foreign	(131)	64
Total deferred provision	(127)	78
Total provision (benefit) for income taxes	$ (66)	$ 230
U.S. federal tax rate	35.00%

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($)	3 Months Ended		47 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Feb. 13, 2020	Dec. 31, 2015
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	$ 4,348,000	$ 2,414,000
Net income (loss) attributable to non-controlling interest	(3,295,000)	(3,506,000)
Fortress Worldwide Transportation and Infrastructure Master GP LLP
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	4,348,000	2,414,000
Jefferson Terminal
Related Party Transaction [Line Items]
Due to related party	$ 913,000			$ 4,708,000
Non-controlling interest ownership percentage	20.00%			20.00%
Non-controlling interest by private equity fund	$ 76,108,000			$ 71,321,000
Net income (loss) attributable to non-controlling interest	1,633,000	$ 1,549,000
Accounts Payable and Accrued Liabilities \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Due to related party	1,479,000			1,506,000
Other Liabilities \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Management fee payable	$ 936,000			994,000
Management Fees [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Management Fee, Percent Fee	1.50%
Accounts Receivable, Related Parties	$ 0			$ 0
Capital Gains Incentive Allocation [Member] \| Fortress Worldwide Transportation and Infrastructure Master GP LLP
Related Party Transaction [Line Items]
Management fee payable	0
General and Administrative Expense [Member] \| Fortress Worldwide Transportation and Infrastructure Master GP LLP
Related Party Transaction [Line Items]
Expenses from transactions with related party	1,758,000
Acquisition and Transaction Expenses \| Fortress Worldwide Transportation and Infrastructure Master GP LLP
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 1,013,000
Minimum
Related Party Transaction [Line Items]
Management fee percentage with capital commitment of at least $100 million		1.25%
Maximum
Related Party Transaction [Line Items]
Management fee percentage with capital commitment of less than $100 million		1.50%
Scenario, Forecast [Member] \| Bond Purchase Agreement Guarantee Fees [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction			$ 1,740,000

SEGMENT INFORMATION - Statement of Income by Segment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($) segment	Mar. 31, 2015 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment	5
Revenues
Total revenues	$ 31,453	$ 33,973
Expenses
Operating expenses	14,358	14,719
General and administrative	2,588	348
Acquisition and transaction expenses	1,059	368
Management fees and incentive allocation to affiliate	4,348	2,414
Depreciation and amortization	13,217	10,562
Interest expense	5,303	4,815
Total expenses	40,873	33,226
Other income (expense)
Equity in earnings of unconsolidated entities	85	1,241
Gain on sale of equipment	1,722	3
Loss on extinguishment of debt	(1,579)	0
Interest income	9	187
Other income (expense)	40	(6)
Total other income	277	1,425
(Loss) Income before income taxes	(9,143)	2,172
Provision (benefit) for income taxes	(66)	230
Net (loss) income	(9,077)	1,942
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(3,295)	(3,506)
Net (loss) income attributable to shareholders	(5,782)	5,448
Equipment Leasing
Revenues
Total revenues	19,575	23,038
Infrastructure
Revenues
Total revenues	11,878	10,935
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Revenues
Total revenues	17,953	14,245
Expenses
Operating expenses	817	338
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	7,427	5,256
Interest expense	0	0
Total expenses	8,244	5,594
Other income (expense)
Equity in earnings of unconsolidated entities	0	0
Gain on sale of equipment	1,208	0
Loss on extinguishment of debt	0
Interest income	1	8
Other income (expense)	0	0
Total other income	1,209	8
(Loss) Income before income taxes	10,918	8,659
Provision (benefit) for income taxes	(97)	214
Net (loss) income	11,015	8,445
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	97	0
Net (loss) income attributable to shareholders	10,918	8,445
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Revenues
Total revenues	485	6,867
Expenses
Operating expenses	3,601	571
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	1,588	1,489
Interest expense	935	956
Total expenses	6,124	3,016
Other income (expense)
Equity in earnings of unconsolidated entities	0	0
Gain on sale of equipment	0	0
Loss on extinguishment of debt	0
Interest income	2	139
Other income (expense)	0	0
Total other income	2	139
(Loss) Income before income taxes	(5,637)	3,990
Provision (benefit) for income taxes	0	0
Net (loss) income	(5,637)	3,990
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(247)	181
Net (loss) income attributable to shareholders	(5,390)	3,809
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Revenues
Total revenues	1,137	1,926
Expenses
Operating expenses	30	53
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	0	0
Interest expense	410	642
Total expenses	440	695
Other income (expense)
Equity in earnings of unconsolidated entities	85	1,241
Gain on sale of equipment	304	0
Loss on extinguishment of debt	0
Interest income	0	0
Other income (expense)	(2)	(7)
Total other income	387	1,234
(Loss) Income before income taxes	1,084	2,465
Provision (benefit) for income taxes	(4)	16
Net (loss) income	1,088	2,449
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	0	0
Net (loss) income attributable to shareholders	1,088	2,449
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Revenues
Total revenues	3,879	4,646
Expenses
Operating expenses	2,688	6,673
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	3,676	3,308
Interest expense	3,804	3,087
Total expenses	10,168	13,068
Other income (expense)
Equity in earnings of unconsolidated entities	0	0
Gain on sale of equipment	0	0
Loss on extinguishment of debt	(1,579)
Interest income	6	40
Other income (expense)	42	1
Total other income	(1,531)	41
(Loss) Income before income taxes	(7,820)	(8,381)
Provision (benefit) for income taxes	35	0
Net (loss) income	(7,855)	(8,381)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(3,156)	(3,654)
Net (loss) income attributable to shareholders	(4,699)	(4,727)
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Revenues
Total revenues	7,999	6,289
Expenses
Operating expenses	7,222	7,084
General and administrative	0	0
Acquisition and transaction expenses	0	0
Management fees and incentive allocation to affiliate	0	0
Depreciation and amortization	526	509
Interest expense	154	130
Total expenses	7,902	7,723
Other income (expense)
Equity in earnings of unconsolidated entities	0	0
Gain on sale of equipment	210	3
Loss on extinguishment of debt	0
Interest income	0	0
Other income (expense)	0	0
Total other income	210	3
(Loss) Income before income taxes	307	(1,431)
Provision (benefit) for income taxes	0	0
Net (loss) income	307	(1,431)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	13	(33)
Net (loss) income attributable to shareholders	294	(1,398)
Corporate
Revenues
Total revenues	0	0
Expenses
Operating expenses	0	0
General and administrative	2,588	348
Acquisition and transaction expenses	1,059	368
Management fees and incentive allocation to affiliate	4,348	2,414
Depreciation and amortization	0	0
Interest expense	0	0
Total expenses	7,995	3,130
Other income (expense)
Equity in earnings of unconsolidated entities	0	0
Gain on sale of equipment	0	0
Loss on extinguishment of debt	0
Interest income	0	0
Other income (expense)	0	0
Total other income	0	0
(Loss) Income before income taxes	(7,995)	(3,130)
Provision (benefit) for income taxes	0	0
Net (loss) income	(7,995)	(3,130)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(2)	0
Net (loss) income attributable to shareholders	$ (7,993)	$ (3,130)

SEGMENT INFORMATION - Reconciliation of Adjusted Net Income to Net Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	$ (6,532,000)	$ 6,923,000
Add: Non-controlling share of adjustments to Adjusted Net Income	(989,000)	354,000
Equity in earnings of unconsolidated entities	85,000	1,241,000
Add: Cash payments for income taxes	351,000	197,000
Less: Incentive allocations	0
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities	(85,000)	(1,241,000)
Less: Asset impairment charges	0	0
Less: Changes in fair value of non-hedge derivative instruments	(3,000)	(8,000)
Less: Losses on the modification or extinguishment of debt and capital lease obligations	(1,579,000)	0
Less: Acquisition and transaction expenses	(1,059,000)	(368,000)
Less: Equity-based compensation expense	3,963,000	(1,420,000)
Less: Provision for income taxes	66,000	(230,000)
Net (loss) income attributable to shareholders	(5,782,000)	5,448,000
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	10,475,000	8,462,000
Equity in earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	97,000	(214,000)
Net (loss) income attributable to shareholders	10,918,000	8,445,000
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(5,390,000)	3,809,000
Equity in earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	0	0
Net (loss) income attributable to shareholders	(5,390,000)	3,809,000
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	1,087,000	2,473,000
Equity in earnings of unconsolidated entities	85,000	1,241,000
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	4,000	(16,000)
Net (loss) income attributable to shareholders	1,088,000	2,449,000
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(6,257,000)	(4,215,000)
Equity in earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	(35,000)	0
Net (loss) income attributable to shareholders	(4,699,000)	(4,727,000)
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	491,000	(844,000)
Equity in earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	0	0
Less: Provision for income taxes	0	0
Net (loss) income attributable to shareholders	294,000	(1,398,000)
Corporate
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)	(6,938,000)	(2,762,000)
Equity in earnings of unconsolidated entities	0	0
Less: Acquisition and transaction expenses	(1,059,000)	(368,000)
Less: Provision for income taxes	0	0
Net (loss) income attributable to shareholders	$ (7,993,000)	$ (3,130,000)

SEGMENT INFORMATION - Summary of Geographic Sources of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Total revenues	$ 31,453	$ 33,973
Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	19,575	23,038
Infrastructure
Segment Reporting Information [Line Items]
Total revenues	11,878	10,935
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	17,953	14,245
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	485	6,867
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	1,137	1,926
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	3,879	4,646
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	7,999	6,289
Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa
Segment Reporting Information [Line Items]
Total revenues	2,779	3,116
Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	2,779	3,116
Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
Africa \| Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0
Asia
Segment Reporting Information [Line Items]
Total revenues	10,192	9,210
Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	9,383	5,988
Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	1,844
Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	809	1,378
Asia \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
Asia \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
Asia \| Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0
Europe
Segment Reporting Information [Line Items]
Total revenues	5,041	9,139
Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	4,966	4,526
Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	75	4,613
Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0
Europe \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
Europe \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
Europe \| Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0
North America
Segment Reporting Information [Line Items]
Total revenues	13,076	12,373
North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	460	480
North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	410	410
North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	328	548
North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	3,879	4,646
North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	7,999	6,289
North America \| Corporate
Segment Reporting Information [Line Items]
Total revenues	0	0
South America
Segment Reporting Information [Line Items]
Total revenues	365	135
South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total revenues	365	135
South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total revenues	0	0
South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total revenues	0	0
South America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total revenues	0	0
South America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total revenues	0	0
South America \| Corporate
Segment Reporting Information [Line Items]
Total revenues	$ 0	$ 0

SEGMENT INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total assets	$ 1,606,448	$ 1,644,805
Debt, net	264,340	266,221
Total liabilities	347,371	354,119
Non-controlling interest in equity of consolidated subsidiaries	123,552	124,403
Equity
Total equity	1,259,077	1,290,686
Total liabilities and equity	1,606,448	1,644,805
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total assets	457,618	443,532
Debt, net	0	0
Total liabilities	50,686	50,873
Non-controlling interest in equity of consolidated subsidiaries	997	899
Equity
Total equity	406,932	392,659
Total liabilities and equity	457,618	443,532
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total assets	212,505	213,946
Debt, net	67,169	68,673
Total liabilities	71,042	74,228
Non-controlling interest in equity of consolidated subsidiaries	7,444	7,692
Equity
Total equity	141,463	139,718
Total liabilities and equity	212,505	213,946
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total assets	10,351	85,917
Debt, net	0	45,778
Total liabilities	0	45,903
Non-controlling interest in equity of consolidated subsidiaries	0	0
Equity
Total equity	10,351	40,014
Total liabilities and equity	10,351	85,917
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total assets	533,656	483,346
Debt, net	184,798	142,835
Total liabilities	195,104	159,570
Non-controlling interest in equity of consolidated subsidiaries	112,610	113,514
Equity
Total equity	338,552	323,776
Total liabilities and equity	533,656	483,346
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total assets	38,922	33,936
Debt, net	12,373	8,935
Total liabilities	23,938	19,463
Non-controlling interest in equity of consolidated subsidiaries	1,931	1,714
Equity
Total equity	14,984	14,473
Total liabilities and equity	38,922	33,936
Corporate
Segment Reporting Information [Line Items]
Total assets	353,396	384,128
Debt, net	0	0
Total liabilities	6,601	4,082
Non-controlling interest in equity of consolidated subsidiaries	570	584
Equity
Total equity	346,795	380,046
Total liabilities and equity	$ 353,396	$ 384,128

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net Income Attributable to Shareholders	$ (5,782)	$ 5,448
Weighted Average Shares Outstanding (in shares)	75,727,369	53,502,873
Basic and Diluted EPS (in dollars per share)	$ (0.08)	$ 0.10
Antidilutive securities excluded from computation of earnings per share (in shares)	10,945

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

COMMITMENTS AND CONTINGENCIES - Additional Information (Details)	3 Months Ended
	Mar. 31, 2016 USD ($) subsidiary	Mar. 31, 2015 USD ($)
Variable Interest Entity [Line Items]
Loss contingency, range of possible loss, minimum	$ 0
Loss contingency, range of possible loss, maximum	$ 3,247
Number of subsidiaries \| subsidiary	2
Rent expense	$ 1,214,000	$ 756,000
MT6015
Variable Interest Entity [Line Items]
Equity contribution obligation	11,925,000
Co-venturer \| MT6015
Variable Interest Entity [Line Items]
Equity contribution obligation	$ 11,925,000

COMMITMENTS AND CONTINGENCIES - Minimum Future Rental Payments (Details) $ in Thousands	Mar. 31, 2016 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2016	$ 4,387
2017	5,669
2018	5,571
2019	5,141
2020	4,466
Thereafter	76,998
Total future minimum payments due	$ 102,232

SUBSEQUENT EVENTS (Details) - $ / shares		3 Months Ended
SUBSEQUENT EVENTS (Details) - $ / shares	May 02, 2016	Mar. 31, 2016
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)		$ 0.33
Subsequent Event \| Common Stock
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	$ 0.33