View Filing Data

Print Document View Excel Document

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2016	Feb. 24, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Fortress Transportation & Infrastructure Investors LLC
Entity Central Index Key	0001590364
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2016
Amendment Flag	false
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		75,757,175
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 684

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 68,055	$ 381,703
Restricted cash	65,441	21,610
Accounts receivable, net	21,358	14,466
Leasing equipment, net	765,455	636,681
Finance leases, net	9,717	82,521
Property, plant, and equipment, net	352,181	299,678
Investments (includes $17,630 and $0 available-for-sale securities at fair value as of December 31, 2016 and 2015, respectively)	39,978	10,675
Intangible assets, net	38,954	44,129
Goodwill	116,584	116,584
Other assets	69,589	36,758
Total assets	1,547,312	1,644,805
Liabilities
Accounts payable and accrued liabilities	38,239	34,995
Debt, net	259,512	266,221
Maintenance deposits	45,394	30,494
Security deposits	19,947	15,990
Other liabilities	18,540	6,419
Total liabilities	381,632	354,119
Commitments and contingencies
Equity
Common shares ($0.01 par value per share; 2,000,000,000 shares authorized; 75,750,943 and 75,718,183 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively)	758	757
Additional paid in capital	1,084,757	1,184,198
Accumulated deficit	(38,833)	(18,769)
Accumulated other comprehensive income	7,130	97
Shareholders' equity	1,053,812	1,166,283
Non-controlling interest in equity of consolidated subsidiaries	111,868	124,403
Total equity	1,165,680	1,290,686
Total liabilities and equity	$ 1,547,312	$ 1,644,805

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Available-for-sale securities	$ 17,630	$ 0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	75,750,943	75,718,183
Common stock, shares outstanding (in shares)	75,750,943	75,718,183

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Total revenues	$ 42,346	$ 41,726	$ 33,195	$ 31,453	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 148,720	$ 136,568	$ 57,930
Expenses
Operating expenses									66,169	68,793	27,223
General and administrative									12,314	7,568	2,007
Acquisition and transaction expenses									6,316	5,683	11,450
Management fees and incentive allocation to affiliate									16,742	15,018	5,463
Depreciation and amortization									60,210	45,308	15,998
Interest expense									18,957	19,311	5,872
Total expenses	46,137	46,859	46,839	40,873	44,786	43,475	40,194	33,226	180,708	161,681	68,013
Other (expense) income
Equity in (losses) earnings of unconsolidated entities									(5,992)	(6,956)	6,093
Gain on sale of equipment and finance leases, net									5,941	3,419	7,576
Loss on extinguishment of debt									(1,579)	0	0
Asset impairment									(7,450)	0	0
Interest income									136	579	186
Other income									602	26	20
Total other (expense) income	(1,955)	(430)	(6,234)	277	1,681	(7,664)	1,626	1,425	(8,342)	(2,932)	13,875
(Loss) income before income taxes	(5,746)	(5,563)	(19,878)	(9,143)	(9,307)	(15,906)	(5,004)	2,172	(40,330)	(28,045)	3,792
Provision for income taxes	73	83	178	(66)	(60)	150	266	230	268	586	874
Net (loss) income	(5,819)	(5,646)	(20,056)	(9,077)	(9,247)	(16,056)	(5,270)	1,942	(40,598)	(28,631)	2,918
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(4,006)	(4,370)	(8,863)	(3,295)	(4,548)	(4,318)	(4,433)	(3,506)	(20,534)	(16,805)	(4,862)
Net (loss) income attributable to shareholders	$ (1,813)	$ (1,276)	$ (11,193)	$ (5,782)	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	$ (20,064)	$ (11,826)	$ 7,780
Basic and Diluted (Loss) Income per Share
Basic and Diluted (in dollars per share)									$ (0.26)	$ (0.18)	$ 0.15
Weighted Average Shares Outstanding - Basic (in shares)	75,750,943	75,746,200	75,730,165	75,727,369	75,718,183	75,718,183	62,879,023	53,502,873	75,738,698	67,039,439	53,502,873
Weighted Average Shares Outstanding - Diluted (in shares)	75,750,943	75,746,200	75,730,165	75,727,369	75,718,183	75,718,183	62,879,023	53,502,873	75,738,698	67,039,439	53,502,873
Equipment Leasing
Revenues
Total revenues									$ 101,949	$ 92,743	$ 43,984
Infrastructure
Revenues
Total revenues									$ 46,771	$ 43,825	$ 13,946

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (40,598)	$ (28,631)	$ 2,918
Other comprehensive (loss) income:
Change in fair value of cash flow hedge	(97)	(117)	(114)
Change in fair value of available-for-sale securities	7,130	0	0
Comprehensive (loss) income	(33,565)	(28,748)	2,804
Comprehensive loss attributable to non-controlling interest	(20,534)	(16,805)	(4,862)
Comprehensive (loss) income attributable to shareholders	$ (13,031)	$ (11,943)	$ 7,666

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Non-Controlling Interest in Equity of Consolidated Subsidiaries
Beginning balance at Dec. 31, 2014	$ 713,497	$ 535	$ 613,683	$ 0	$ 214	$ 99,065
Comprehensive loss:
Net loss for the period	(28,631)		6,943	(18,769)		(16,805)
Other comprehensive income	(117)				(117)
Comprehensive (loss) income	(28,748)					(16,805)
Capital contributions	333,705		295,879			37,826
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Declared	(45,238)		(44,917)			(321)
Issuance of common shares	349,151	222	348,929
Dividends	(36,343)		(36,343)
Equity-based compensation	4,662		24			4,638
Beginning balance at Dec. 31, 2015	1,290,686	757	1,184,198	(18,769)	97	124,403
Comprehensive loss:
Net loss for the period	(40,598)			(20,064)		(20,534)
Other comprehensive income	7,033				7,033
Comprehensive (loss) income	(33,565)			(20,064)	7,033	(20,534)
Capital contributions	12,121					12,121
Settlement of equity-based compensation	(200)					(200)
Dividends declared	(100,027)		(99,977)			(50)
Issuance of common shares	337	1	336
Equity-based compensation	(3,672)		200			(3,872)
Ending balance at Dec. 31, 2016	$ 1,165,680	$ 758	$ 1,084,757	$ (38,833)	$ 7,130	$ 111,868

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net (loss) income	$ (40,598)	$ (28,631)	$ 2,918
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in losses (earnings) of unconsolidated entities	5,992	6,956	(6,093)
Gain on sale of equipment and finance leases, net	(5,941)	(3,419)	(7,576)
Security deposits and maintenance claims included in earnings	(300)	(439)	0
Loss on extinguishment of debt	1,579	0	0
Equity-based compensation	(3,672)	4,662	1,265
Depreciation and amortization	60,210	45,308	15,998
Asset impairment	7,450	0	0
Change in current and deferred income taxes	(387)	61	626
Change in fair value of non-hedge derivative	3	14	25
Amortization of lease intangibles and incentives	5,447	7,016	2,694
Amortization of deferred financing costs	2,576	1,469	576
Operating distributions from unconsolidated entities	30	209	8,207
Bad debt expense	158	676	281
Other	86	(250)	(32)
Change in:
Accounts receivable	(7,980)	(5,940)	(7,212)
Other assets	(8,584)	(5,057)	(2,654)
Accounts payable and accrued liabilities	7,726	3,180	(45,900)
Management fees payable to affiliate	457	(1,168)	2,362
Other liabilities	6,651	(1,119)	2,964
Net cash provided by (used in) operating activities	30,903	23,528	(31,551)
Cash flows from investing activities:
Change in restricted cash	(2,349)	(526)	(7,306)
Construction deposit related to vessel	0	0	(7,450)
Investment in notes receivable	(3,066)	(14,869)	0
Investment in unconsolidated entities and available for sale securities	(28,784)	0	0
Principal collections on finance leases	2,513	20,292	11,931
Acquisition of leasing equipment	(200,640)	(165,090)	(387,118)
Acquisition of property plant and equipment	(57,371)	(96,028)	(49,441)
Acquisition of lease intangibles	(4,527)	(2,446)	(20,435)
Collection of notes receivable	0	0	4,500
Acquisition of CMQR	0	0	(11,308)
Acquisition of Jefferson Terminal	0	0	(47,811)
Acquisition of pre-existing debt relationships	0	0	(97,616)
Purchase deposit for aircraft and aircraft engines	(13,681)	0	0
Proceeds from sale of finance leases	71,000	0	0
Proceeds from sale of leasing equipment	22,885	13,625	31,597
Proceeds from sale of property, plant and equipment	490	893	842
Proceeds from sale of equipment held for sale	0	0	135
Proceeds from deposit on sale of engine	250	500	0
Return of deposit on sale of engine	(250)	0	0
Escrow funding for the purchase of aircraft	0	0	(1,000)
Return of capital distributions from unconsolidated entities	432	3,728	9,064
Net cash used in investing activities	(213,098)	(239,921)	(571,416)
Cash flows from financing activities:
Proceeds from debt	110,658	200	179,569
Repayment of debt	(160,166)	(23,761)	(31,131)
Payment of other liabilities to non-controlling interest holder	(1,000)	0	0
Payment of deferred financing costs	(4,246)	(136)	(4,793)
Receipt of security deposits	3,815	2,060	2,389
Return of security deposits	(316)	(960)	(500)
Receipt of maintenance deposits	14,804	10,149	3,324
Release of maintenance deposits	(6,255)	(14,764)	(3,026)
Proceeds from issuance of common shares, net of underwriter's discount	0	354,057	0
Common shares issuance costs	0	(2,998)	0
Capital contributions from shareholders	0	295,879	490,747
Capital distributions to shareholders	0	(44,917)	(75,999)
Capital contributions from non-controlling interests	11,480	37,826	57,841
Capital distributions to non-controlling interests	0	(321)	(565)
Settlement of equity-based compensation	(200)	0	0
Cash dividends	(100,027)	(36,343)	0
Net cash (used in) provided by financing activities	(131,453)	575,971	617,856
Net (decrease) increase in cash and cash equivalents	(313,648)	359,578	14,889
Cash and cash equivalents, beginning of period	381,703	22,125	7,236
Cash and cash equivalents, end of period	68,055	381,703	22,125
Supplemental disclosure of non-cash investing and financing activities:
Cash paid for interest, net of capitalized interest	13,150	18,566	3,627
Cash paid for taxes	654	507	274
Restricted cash proceeds from borrowings of debt	44,342	0	0
Acquisition of leasing equipment	(7,724)	(5,408)	(52,556)
Acquisition of CMQR	0	0	(2,991)
Acquisition of Jefferson	0	0	(38,207)
Acquisition of property, plant and equipment	(12,184)	(203)	(22,454)
Financing of property, plant and equipment	5,321	0	0
Settled and assumed security deposits	758	2,388	8,317
Billed, assumed and settled maintenance deposits	6,350	(1,146)	34,461
Deferred financing costs	(2,884)	0	0
Non-cash contribution of non-controlling interest	641	0	38,207
Common share issuance costs	0	(1,908)	0
Equity Compensation to Non-controlling Interest	(3,872)	4,638	1,265
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	(117)	(114)
Distribution Payable	0	0	(411)
Loan Receivable from Non-Controlling Interest	$ 0	$ 0	$ 3,725

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	Fortress Transportation and Infrastructure Investors LLC (the “Company”) is a Delaware limited liability company which, through its subsidiary, Fortress Worldwide Transportation and Infrastructure General Partnership (the “Partnership”), is engaged in the ownership and leasing of aviation equipment, offshore energy equipment and shipping containers, and also owns and operates a short line railroad in North America, Central Maine and Québec Railway (“CMQR”), 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 15). 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”) that provides for the Company to bear obligations for management fees payable to the Manager as well as reimbursement of costs and expenses as provided therein (Note 14). At December 31, 2014, through their investment in the Company, the beneficial owners of the Partnership were Fortress Worldwide Transportation and Infrastructure Investors LP (the “Onshore Fund”), with an 89.97% interest and Fortress Worldwide Transportation and Infrastructure Offshore LP (the “Offshore Fund”) with a 9.98% interest; in addition, Fortress Worldwide Transportation and Infrastructure Master GP LLP (the “Master GP”) holds a 0.05% interest. The Master GP is owned by an affiliate of Fortress. The Onshore Fund and the Offshore Fund (collectively, the “Initial Shareholders”) are investment vehicles which are sponsored by Fortress. The general partner of the Onshore Fund and the Offshore Fund is an affiliate of Fortress. In May 2015, the remaining capital commitments of the investors of the Onshore Fund, Offshore Fund and Master GP were called. Through a series of transactions, the Master GP contributed its rights to previously undistributed incentive allocations pursuant to the partnership agreement in exchange for the limited partnership interests in the Onshore Fund and the Offshore Fund equal to the amount of any such undistributed incentive allocations and 53,502,873 common shares were issued to the Onshore Fund and Offshore Fund based on their relative interests in the Company. On May 20, 2015, the Company completed an Initial Public Offering (“IPO”) of 20 million common shares at a price to the public of $17.00 per share. On June 15, 2015, the underwriters exercised their overallotment option, pursuant to which the Company issued an additional 2.2 million shares to such underwriters at the IPO price.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting—The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its subsidiaries.

Principles of Consolidation—The Company consolidates all entities in which it has a controlling financial interest and in which it has control over significant operating decisions, as well as variable interest entities (“VIEs”) in which the Company is the primary beneficiary. All significant intercompany transactions and balances have been eliminated. The ownership interest of other investors in consolidated subsidiaries is recorded as non-controlling interest.

The Company uses the equity method of accounting for investments in entities in which the Company exercises significant influence but which do not meet the requirements for consolidation. Under the equity method, the Company records its proportionate share of the underlying net income (loss) of these entities.

Variable Interest Entities—The assessment of whether an entity is a variable interest entity (“VIE”) and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

WWTAI IES MT6015 Ltd

The Company has an interest in WWTAI IES MT6015 Ltd. (“MT6015”), an entity formed in 2014 which had entered into a contract with a shipbuilder for the construction of an offshore multi service / inspection, maintenance and repair vessel (the “Vessel”) for a price of approximately $75 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.

As of 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 of the Company or to its general credit.

During the second quarter of 2016, the Company determined not to proceed with the purchase of the Vessel. The shipbuilder delivered a notice of termination of the shipbuilding contract to MT6015 in July 2016. Correspondingly, in the second quarter of 2016, the Company recorded an impairment in its MT6015 investment of $7,450. The shipbuilder has no further recourse to the Company.

JGP Energy Partners LLC

During the quarter ended September 30, 2016, the Company initiated activities in its 50% owned joint venture, JGP Energy Partners LLC (“JGP”). The other 50% member to the joint venture is a third party ethanol producer. The purpose of the venture is to build storage capacity with capabilities to receive and/or distribute ethanol via water, rail or truck. Each member agreed to contribute up to $27 million (for a total of $54 million) for the development and construction of the ethanol terminal facilities. JGP is governed by a designated operating committee selected by the members in proportion to their equity interests. JGP is solely reliant on its members to finance its activities and therefore is a VIE. The Company concluded that it is not the primary beneficiary of JGP as the members share equally in the risks and rewards and decision making authority of the entity; therefore, the Company does not consolidate JGP and accounts for this investment in accordance with the equity method.

As of December 31, 2016, the Company’s investment in JGP was $3,266, which is included in investments on the Company’s balance sheet.

Delaware River Partners LLC

On July 1, 2016, the Company, through Delaware River Partners LLC (“DRP”), a consolidated subsidiary, purchased the assets of Repauno Delaware Port (“Repauno”), which consisted primarily of land, a storage cavern, and riparian rights for the acquired land, site improvements and rights. Currently there are no operational processes that could be applied to these assets that would result in outputs without significant green field development. The Company currently holds a 90% economic interest and a 100% voting interests in DRP. DRP is solely reliant on the Company to finance its activities and therefore is a VIE. The Company concluded it was the primary beneficiary; and accordingly, DRP has been presented on a consolidated basis in the accompanying financial statements. The Company has the right to purchase an additional 8% economic interest from the non-controlling party after the second anniversary but prior to the fifth year anniversary of the acquisition of Repauno. At the time of the purchase, Company concluded that current 8% of the 10% interest held by the non-controlling party does not share in the risks or rewards of true equity; and, therefore $5,321 was recorded in other liabilities on the Company’s Consolidated Balance Sheets. The remaining 2% economic non-controlling interest was valued at $641 at the acquisition date.

Refer to Note 6 for details.

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.

Cash and Cash Equivalents—The Company considers all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents.

Restricted Cash—Restricted cash of $65,441 and $21,610 as of December 31, 2016 and December 31, 2015, respectively, consists of prepaid interest and principal pursuant to the requirements of certain of the Company’s debt agreements (Note 9), and funds set aside for qualifying constructions projects at Jefferson Terminal.

Available-For-Sale Securities—The Company considers listed equity securities as available-for-sale securities recorded at fair value with unrealized gains (losses) recorded in other comprehensive income (loss) and realized gains (losses) recorded in earnings. The Company’s basis on which the cost of the security sold or the amount reclassified out of other comprehensive income into earnings is determined using specific identification. Available-for-sale securities are included as a component of investments on the accompanying Consolidated Balance Sheets. At each balance sheet date, we evaluate our available for sale securities holdings with unrealized losses to determine if an other-than-temporary impairment has occurred. Refer to Note 7 and 10 for details.

Property, Plant and Equipment, Leasing Equipment and Depreciation—Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over estimated useful lives, to estimated residual values which are summarized as follows:



Asset	Range of Estimated Useful Lives	Residual Value Estimates
Aircraft	25 years from date of manufacture	Not to exceed 15% of manufacturer’s list price when new
Aircraft engines	2 - 6 years, based on maintenance adjusted service life	Sum of engine core salvage value plus the estimated fair value of life limited parts
Offshore energy vessels	25 years from date of manufacture	20% of new build cost
Railcars and locomotives	40 - 50 years from date of manufacture	Scrap value at end of useful life
Track and track related assets	15 - 50 years from date of manufacture	Scrap value at end of useful life
Buildings and site improvements	20 - 30 years	Scrap value at end of useful life
Railroad equipment	3 - 15 years from date of manufacture	Scrap value at end of useful life
Crude oil terminal machinery and equipment	15 - 25 years from date of manufacture	Scrap value at end of useful life
Vehicles	5 - 7 years from date of manufacture	Scrap value at end of useful life
Furniture and fixtures	3 - 6 years from date of purchase	None
Computer hardware and software	3 - 5 years from date of purchase	None

Major improvements and modifications incurred in connection with the acquisition of property, plant and equipment and leasing equipment that are required to get the asset ready for initial service are capitalized and depreciated over the remaining life of the asset. Costs of major additions and betterments are capitalized and depreciation commences once it is placed into service. Interest costs directly related to and incurred during the construction period of property, plant and equipment are capitalized. Significant spare parts are depreciated in conjunction with the underlying property, plant and equipment asset when placed in service.

The Company reviews its depreciation policies on a regular basis to determine whether changes have taken place that would suggest that a change in its depreciation policies, useful lives of its equipment or the assigned residual values is warranted.

For planned major maintenance or component overhaul activities for aviation equipment off lease, the cost of such major maintenance or component overhaul event is capitalized and depreciated on a straight-line basis over the period until the next maintenance or component overhaul event is required.

The Company’s offshore energy vessels are required to be drydocked periodically for recertifications or major repairs and maintenance that cannot be performed while the vessels are operating. Normal repairs and maintenance are expensed as incurred. The Company capitalizes the costs associated with the drydockings and amortizes them on a straight-line basis over the period between drydockings, usually between 30 and 60 months.

In accounting for leasing equipment, the Company makes estimates about the expected useful lives, residual values and the fair value of acquired in-place leases and acquired maintenance liabilities (for aviation equipment). In making these estimates, the Company relies upon observable market data for the same or similar types of equipment and, in the case of aviation equipment, its own estimates with respect to a lessee’s anticipated utilization of the aircraft or engine. When the Company acquires leasing equipment subject to an in-place lease, determining the fair value of the in-place lease requires the Company to make assumptions regarding the current fair values of leases for identical or similar equipment, in order to determine if the in-place lease is within a fair value range of current lease rates. If a lease is below or above the range of current lease rates, the resulting lease discount or premium is recognized as a lease intangible and amortized into lease income over the remaining term of the lease.

Capitalized Interest—The interest cost associated with major development, construction projects and tax exempt bonds is capitalized and included in the cost of the project. Interest capitalization ceases once a project is substantially complete or no longer undergoing construction activities to prepare it for its intended use. The Company capitalized interest of $2,721, $2,128 and $3,534 during the years ended December 31, 2016, 2015 and 2014, respectively.

Repairs and Maintenance—Repair and maintenance costs that do not extend the lives of the assets are expensed as incurred. For the years ended December 31, 2016, 2015 and 2014, $3,659, $3,643 and $235, of repairs and maintenance expense, respectively, were recorded in operating expenses in the accompanying Consolidated Statements of Operations.

Impairment of Long-Lived Assets—The Company performs a recoverability assessment of each of its long-lived assets whenever events or changes in circumstances, or indicators, indicate that the carrying amount or net book value of an asset may not be recoverable. Indicators may include, but are not limited to, a significant lease restructuring or early lease termination; significant traffic decline; or the introduction of newer technology aircraft, vessels, engines or railcars. When performing a recoverability assessment, the Company measures whether the estimated future undiscounted net cash flows expected to be generated by the asset exceeds its net book value. The undiscounted cash flows consist of cash flows from currently contracted leases and terminal services contracts, future projected leases, terminal service and freight rail rates, transition costs, estimated down time and estimated residual or scrap values. In the event that an asset does not meet the recoverability test, the carrying value of the asset will be adjusted to fair value resulting in an impairment charge.

Management develops the assumptions used in the recoverability analysis based on its knowledge of active contracts, current and future expectations of the global demand for a particular asset and historical experience in the leasing markets, as well as information received from third party industry sources. The factors considered in estimating the undiscounted cash flows are impacted by changes in future periods due to changes in contracted lease rates, terminal service, and freight rail rates, residual values, economic conditions, technology, demand for a particular asset type and other factors.

Security Deposits—The Company’s operating leases generally require the lessee to pay a security deposit or provide a letter of credit. Security deposits are held until specified return dates stipulated in the lease or lease expiration.

Maintenance Payments—Typically, under an operating lease of aviation equipment, the lessee is responsible for performing all maintenance and is generally required to make maintenance payments to the Company for heavy maintenance, overhaul or replacement of certain high-value components of the aircraft or engine. These maintenance payments are based on hours or cycles of utilization or on calendar time, depending on the component, and are generally required to be made monthly in arrears. If a lessee is making monthly maintenance payments, the Company would typically be obligated to reimburse the lessee for costs they incur for heavy maintenance, overhaul or replacement of certain high-value components to the extent of maintenance payments received in respect of the specific maintenance event, usually shortly following the completion of the relevant work.

The Company records the portion of maintenance payments paid by the lessee that are expected to be reimbursed as maintenance deposit liabilities on the Consolidated Balance Sheet. Reimbursements made to the lessee upon the receipt of evidence of qualifying maintenance work are recorded against the maintenance deposit liability.

In certain leases, the lessee or the Company may be obligated to make a payment to the other party at lease termination based on redelivery conditions stipulated at the inception of the lease. When the lessee is required to return the aircraft in an improved maintenance condition, the Company records a maintenance right asset, as a component of other assets, for the estimated value of the end-of-life maintenance payment at acquisition. The Company recognizes payments received as end-of-lease compensation adjustments, within lease revenue or as a reduction to the maintenance right asset, when payment is received or collectability is assured. In the event the Company is required to make payments at the end of the lease for redelivery conditions, amounts are accrued as additional maintenance liability and expensed when the Company is obligated and can reasonably estimate such payment.

Lease Incentives and Amortization—Lease incentives, which include lease acquisition costs related to reconfiguration of the aircraft cabin, other lessee specific modifications and other direct costs, are capitalized and amortized as a reduction of lease income over the primary term of the lease, assuming no lease renewals.

Goodwill —Goodwill includes the excess of the purchase price over the fair value of the net tangible and intangible assets associated with the acquisitions of CMQR and Jefferson Terminal. The carrying amount of goodwill is approximately $116,584 as of December 31, 2016 and December 31, 2015.

The Company reviews the carrying values of goodwill at least annually to assess impairment since these assets are not amortized. An annual impairment review is conducted as of October 1st of each year. Additionally, the Company reviews the carrying value of goodwill whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The determination of fair value involves significant management judgment.

For an annual goodwill impairment assessment, an optional qualitative analysis may be performed. If the option is not elected or if it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step goodwill impairment test is performed to identify potential goodwill impairment and measure an impairment loss. A qualitative analysis was not elected for the years ended December 31, 2016, December 31, 2015 and December 31, 2014.

The first step of an impairment assessment compares the fair value of a respective reporting unit with its carrying amount, including goodwill. The estimate of fair value of the respective reporting unit is based on the best information available as of the date of assessment, which primarily incorporates certain factors including the Company’s assumptions about operating results, business plans, income projections, anticipated future cash flows and market data. If the estimated fair value of the reporting unit is less than the carrying amount, a second step must be completed in order to determine the amount of goodwill impairment that should be recorded, if any.

For the purpose of performing the annual analysis, the Company’s two reporting units subject to the test are the Jefferson Terminal and Railroad reporting units. The Company estimates the fair value of the reporting units using an income approach, specifically a discounted cash flow analysis. This analysis requires the Company to make significant assumptions and estimates about the extent and timing of future cash flows, discount rates and growth rates. The estimates and assumptions used consider historical performance and are consistent with the assumptions used in determining future profit plans for the reporting units. The Company also utilizes market valuation models and other financial ratios, which require the Company to make certain assumptions and estimates regarding the applicability of those models to its assets and businesses.

Although the Company believes the estimates of fair value are reasonable, the determination of certain valuation inputs is subject to management’s judgment. Changes in these inputs could materially affect the results of the impairment review. If the forecasts of cash flows generated by the Jefferson Terminal and Railroad reporting units or other key inputs are negatively revised in the future, the estimated fair value of the Jefferson Terminal and Railroad reporting units would be adversely impacted, potentially leading to an impairment in the future that could materially affect the Company’s operating results. The Company performed a sensitivity analysis for goodwill impairment and determined that a hypothetical 5% decline in the fair value of each reporting unit as of October 1, 2016 would not result in an impairment of goodwill for either reporting unit.

For the years ended December 31, 2016, December 31, 2015 and December 31, 2014 there was no impairment of goodwill.

Intangibles and amortization—Intangibles include the value of acquired favorable and unfavorable leases and existing customer relationships acquired in connection with the acquisitions of CMQR and Jefferson Terminal.

In accounting for acquired leasing equipment, the Company makes estimates about the fair value of the acquired leases. In determining the fair value of these leases, the Company makes assumptions regarding the current fair values of leases for identical or similar equipment in order to determine if the acquired lease is within a fair value range of current lease rates. If a lease is below or above the range of current lease rates, the resulting lease discount or premium is recognized as a lease intangible and amortized into rental income over the remaining term of the lease. Acquired lease intangibles are amortized on a straight-line basis over the remaining lease terms, which ranged from 2 to 54 months as of December 31, 2016, and recorded as a component of equipment leasing revenues in the accompanying Consolidated Statements of Operations.

Customer relationship intangible assets are amortized on a straight-line basis over their useful lives as the pattern in which the asset’s economic benefits are consumed cannot reliably be determined. Customer relationship intangible assets have useful lives ranging from 5 to 10 years, no estimated residual value, and amortization is recorded as a component of depreciation and amortization in the accompanying Consolidated Statements of Operations.

Deferred Financing Costs—Costs incurred in connection with obtaining long term financing are capitalized and amortized to interest expense over the term of the underlying loans. Unamortized deferred financing costs of $6,489 and $4,836 as of December 31, 2016 and December 31, 2015, respectively, are recorded as a component of debt in the accompanying Consolidated Balance Sheets. Amortization expense of $2,576, $1,469 and $576 for the years ended December 31, 2016, 2015 and 2014, respectively, are included as a component of interest expense in the accompanying Consolidated Statements of Operations.

Revenue Recognition

Equipment Leasing Revenues

Operating Leases—The Company leases equipment pursuant to net operating leases. Operating leases with fixed rentals and step rentals are recognized on a straight-line basis over the term of the lease, assuming no renewals. Revenue is not recognized when collection is not reasonably assured. When collectability is not reasonably assured, the customer is placed on non-accrual status and revenue is recognized when cash payments are received.

The Company also recognizes maintenance revenue related to the portion of maintenance payments received from lessees of aviation equipment that are not expected to be reimbursed in connection with major maintenance events.

Finance Lease—The Company holds one anchor handling tug supply vessel, subject to a finance lease, as of December 31, 2016. This lease generally includes a lessee obligation to purchase the leased equipment at the end of the lease term, a bargain purchase option, or provides for minimum lease payments with a present value of 90% or more of the fair value of the leased equipment at the date of lease inception. Net investment in finance lease represents the minimum lease payments due from lessee, net of unearned income. The lease payments are segregated into principal and interest components similar to a loan. Unearned income is recognized on an effective interest method over the lease term and is recorded as finance lease income. The principal component of the lease payment is reflected as a reduction to the net investment in finance leases.

Infrastructure Revenues

Freight Rail Revenues—Freight revenues are recognized proportionally as freight moves from origin to destination. Other miscellaneous revenues, such as unloading and switching revenue, are recognized as the service is performed or contractual obligations are met.

Terminal Services Revenues—Terminal services revenues are recognized when services have been provided to the customer, the product has been delivered, the price is considered to be fixed or determinable and collectability is reasonably assured. Prepayments for services are deferred until the period in which the above criteria are met. Terminal services fees include services provided to third-party customers related to receipt and redelivery of crude oil products.

Concentration of Credit Risk—The Company is subject to concentrations of credit risk with respect to amounts due from customers on its finance lease and operating leases. The Company attempts to limit its credit risk by performing ongoing credit evaluations. During the year ended December 31, 2016, the Company earned approximately 10% of its revenue from one customer in the Jefferson Terminal segment. During the year ended December 31, 2015, the Company earned approximately 21% of its revenue from one customer in the Offshore Energy segment and one customer in the Jefferson Terminal segment. During the year ended December 31, 2014, the Company earned approximately 39% of its revenue from three customers in the following segments: one in aviation leasing, one in shipping containers, and one in offshore energy.

As of December 31, 2016, accounts receivable from two customers in the Offshore Energy segment each represented 22% and 18% of total accounts receivable, net. As of December 31, 2015, accounts receivable from two customers in the Offshore Segment each represented 27% and 25% 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 December 31, 2016 and December 31, 2015 was $418 and $392, respectively. Bad debt expense was $158, $676, and $281 for the years ended December 31, 2016, 2015 and 2014, respectively.

Expense Recognition—Expenses are recognized on an accrual basis as incurred.

Acquisition and Transaction expenses—Acquisition and transaction expense is comprised of costs related to completed business combinations and terminated deal costs related to abandoned pursuits, including advisory, legal, accounting, valuation and other professional or consulting fees.

Comprehensive Income (Loss)—Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. The Company’s comprehensive income (loss) represents net income (loss), as presented in the Consolidated Statements of Operations, adjusted for fair value changes related to the available-for-sale securities and derivatives accounted for as cash flow hedges.

Derivative Financial Instruments—In 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 entered into one interest rate derivative designated as a cash flow hedge and one non-hedge derivative. The Company terminated both derivatives during the first quarter of 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 year ended December 31, 2016.

The Company does not enter into speculative derivative transactions.

Foreign Currency—The Company’s functional and reporting currency is the U.S. dollar. Purchases and sales of assets and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. Net realized foreign currency gains or losses relating to the differences between these recorded amounts and the U.S. dollar equivalent actually received or paid are reported as a component of operating expenses within the Consolidated Statement of Operations.

Income Taxes—A portion of the Company’s income earned by its corporate subsidiaries is subject to U.S. federal and state income taxation, taxed at prevailing rates. The remainder of the Company’s income is allocated directly to its partners and is not subject to a corporate level of taxation. Certain subsidiaries of the Company are subject to income tax in the foreign countries in which they conduct business.

The Company accounts for these taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established when management believes it is more likely than not that a deferred tax asset will not be realized.

The Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and in certain foreign jurisdictions. The income tax returns filed by the Company and its subsidiaries are subject to examination by the U.S. federal, state and foreign tax authorities. The Company recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Consolidated Statements of Operations.

Other Assets—Other assets is primarily comprised of notes receivables of $22,469 and $19,468, leasing equipment purchase deposits of $13,701 and $7,450, capitalized costs for potential asset acquisitions of $2,116 and $5,473, prepaid expenses of $3,440 and $1,818, and receivables of $21,501 and $0 as of December 31, 2016 and December 31, 2015, respectively.

Dividends—Dividends are recorded if and when declared by the Board of Directors. For the fourth quarter ended December 31, 2016, the Board of Directors declared a cash dividend of $0.33 per share, totaling $1.32 of dividends per share for the year ended December 31, 2016. For the fourth quarter ended December 31, 2015, the Board of Directors declared a cash dividend of $0.33 per share, totaling $0.48 of dividends per share for the year ended December 31, 2015.

Recent Accounting Pronouncements—In August 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2014-15, Presentation of Financial Statements-Going Concern, which requires management of an entity to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued or available to be issued. This update is effective for annual periods ending after December 15, 2016. The adoption of this standard, during the fourth quarter of 2016, did not have a material impact on our financial statements.

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 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 adopted ASU 2015-03 as of January 1, 2016 and revised its consolidated balance sheets to present debt issuance costs as a direct deduction from debt rather than within other assets, for all periods presented. Refer to Note 9 for detail.

In August 2015, the FASB issued ASU 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 adopted ASU 2015-15 as of January 1, 2016 and revised its consolidated balance sheets 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 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 2015-16 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company 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, Revenues from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In August 2015, the FASB deferred the effective date of this standard by one year, which will be for fiscal years, and interim periods within those years, beginning after December 15, 2017. Additionally, during 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers, Principal versus Agent Considerations, ASU 2016-10, Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing and ASU 2016-12, Revenue from Contracts with Customers, Narrow-Scope Improvements and Practical Expedients, ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, which clarify the guidance on reporting revenue as a principal versus agent, identifying and disclosing performance obligations, accounting for intellectual property licenses, and assessing collectibility, present sales tax, treating noncash consideration. The Company’s evaluation of the impact of the new guidance on its consolidated financial statements is ongoing. The Company’s implementation efforts include the identification of revenue within the scope of the guidance, the evaluation of those revenue contracts, education and discussions with the Company’s control functions. The Company continues to evaluate the timing of recognition for various revenues, however, since a substantial portion of the Company’s revenue is recognized from its leasing contracts, subject to ASU 2016-02 Leases, these have been excluded from the evaluation.

In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019, with early adoption permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company’s evaluation of the impact of the new guidance on its consolidated financial statements is ongoing. The Company is currently identifying the lease arrangements within the scope of the new guidance, and evaluating the impact of the lease arrangements.

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330) (“ASU 2015-11”), which simplifies the measurement of inventory by requiring certain inventory to be measured at the “lower of cost and net realizable value” and the previous parameters for “market value” will be eliminated. ASU 2015-11 defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” The standard will be effective for fiscal years beginning after December 15, 2016, with earlier adoption permitted. The 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 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 believes the impact of adopting this new guidance on its consolidated financial statements will be immaterial.

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 believes the impact of adopting this new guidance on its consolidated financial statements will be immaterial.

In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). For assets held at amortized cost basis, ASU 2016-13 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however this ASU requires that credit losses be presented as an allowance rather than as a write-down. This ASU affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 addresses the following eight specific cash flow issues: (i) debt prepayment or debt extinguishment costs; (ii) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; (iii) contingent consideration payments made after a business combination; (iv) proceeds from the settlement of insurance claims; (v) proceeds from the settlement of corporate-owned life insurance policies (COLIs); (vi) distributions received from equity method investees; (vii) beneficial interests in securitization transactions; (viii) and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”). ASU 2016-16 prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. In addition, interpretations of this guidance have developed in practice for transfers of certain intangible and tangible assets. This prohibition on recognition is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP. To more faithfully represent the economics of intra-entity asset transfers, the amendments ASU 2016-16 require that entities recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments in ASU 2016-16 do not change GAAP for the pre-tax effects of an intra-entity asset transfer under Topic 810, Consolidation, or for an intra-entity transfer of inventory. ASU 2016-16 will be effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual reporting periods. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control (“ASU 2016-17”). ASU 2016-17 amends the consolidation guidance on how a reporting entity that is the single decision maker of a VIE should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. Under the amendments, a single decision maker is not required to consider indirect interests held through related parties that are under common control with the single decision maker to be the equivalent of direct interests in their entirety. Instead, a single decision maker is required to include those interests on a proportionate basis consistent with indirect interests held through other related parties. ASU 2016-17 will be effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of this guidance, beginning in fiscal year 2017, to have an impact on its consolidated financial statements as its interests in VIEs are not held by related parties under common control.

In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (“ASU 2016-18”). ASU 2016-18 addresses the diversity in the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230, Statement of Cash Flows. The amendments in ASU 2016-18 require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU apply to all entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic 230. ASU 2016-18 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805)(“ASU 2017-01”). ASU 2017-01 clarifying the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of businesses or assets. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323) (“ASU 2017-03”). ASU 2017-03 adds and amends SEC paragraphs pursuant to the SEC Staff Announcements at the September 22, 2016 and November 17, 2016 Emerging Issues Task Force (EITF) meetings. The September announcement is about the disclosure of the impact that recently issued accounting standards will have on the financial statements of a registrant when such standards are adopted in a future period. The November announcement made amendments to conform the SEC Observer Comment on Accounting for Tax Benefits Resulting from Investments in Qualified Affordable Housing Projects to the guidance issued in ASU 2014-01, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 addresses concerns over the cost and complexity of the two-step goodwill impairment test by removing the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

ACQUISITIONS

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

ACQUISITIONS

CMQR

The Company, through its subsidiaries, acquired certain assets and assumed certain liabilities of Montreal, Maine and Atlantic Railway Ltd. (“MM&A-U.S.”) and Montreal, Maine and Atlantic Canada Co (“MM&A-Canada”) for an aggregate purchase price of approximately $15.2 million, including assumed liabilities of approximately $3.2 million. The acquisitions were accounted for as business combinations pursuant to ASC 805, Business Combinations ("ASC 805") and the results of operations of the acquired businesses of MM&A-U.S. and MM&A-Canada have been included in the consolidated financial statements of the Company since their respective dates of acquisition. The closing of MM&A-U.S. and MM&A-Canada occurred on May 15, 2014 and June 30, 2014, respectively. Subsequent to the acquisitions, the acquired businesses were renamed as CMQR. CMQR is headquartered in Maine and owns and operates approximately 500 miles of track in the US and Canada. CMQR is reported within the Railroad segment. The Company viewed the acquisitions of MM&A-U.S. and MM&A-Canada as an opportunity to gain entry into the railroad industry.

Subsequent to the acquisition, in the year ended December 31, 2014, measurement period adjustments as of the acquisition date were made to the valuation of fixed assets acquired and employee and environmental liabilities assumed consisting of an increase to fixed assets of $679, an increase to assumed employee liabilities of $232, an increase to assumed environmental liabilities of $680, and additional goodwill recorded of $233. The measurement period adjustments impacted depreciation expense by $30 in the year ended December 31, 2014. There were no additional measurement period adjustments during the year ended December 31, 2015.

The property, plant and equipment acquired in connection with CMQR is being depreciated based on estimated remaining useful lives from the date of acquisition, which are 4 years for buildings, 2-5 years for track and track related assets, 4-6 years for railroad equipment, 2 years for vehicles and 5 years for freight cars and locomotives, as all of the acquired assets were near the end of their useful lives at the time of acquisition.

In connection with the purchase, the Company incurred general and administrative expenses and employee severance expenses of approximately $392, included within Operating Expenses, in the Consolidated Statement of Operations for the year ended December 31, 2014. The goodwill recognized is comprised primarily of an assembled workforce and is deductible for tax purposes.

JEFFERSON TERMINAL

The Company, through its subsidiaries, acquired certain assets and assumed certain liabilities of Jefferson Refinery, LLC, Port of Beaumont Petroleum Transload Terminal I, LLC, and Port of Beaumont Petroleum Transload Terminal II, LLC (collectively “Jefferson Terminal”). Jefferson Terminal is comprised of complementary energy logistics assets and is headquartered in The Woodlands, Texas. Its principal operations are to engage in the business of terminalling, storage, throughput and transloading of crude oil and petroleum products. Prior to the acquisition, a subsidiary of the Company had several term loan agreements with Jefferson Refinery, LLC (“Pre-Existing Debt Relationships”) of $97.6 million. The acquisition of Jefferson Terminal was consummated on August 27, 2014. The Company viewed the acquisition of Jefferson Terminal as an opportunity to gain entry into this industry.

Jefferson Terminal was purchased for an aggregate purchase price of approximately $608.3 million, including assumed liabilities of $522.5 million (of which $97.6 million relates to Pre-Existing Debt Relationships) and equity consideration of $38.2 million. The Company purchased a 60% interest in Jefferson Terminal with the remaining 40% interest in Jefferson Terminal owned by a portion of the retaining shareholders and a private equity fund sponsored by Fortress, each holding an interest of approximately 20% at the acquisition date and accounted for as non-controlling interests in the accompanying consolidated financial statements. In connection with the acquisition, a $100 million loan was also obtained (Note 9).

The acquisition was accounted for as a business combination under ASC 805 and the results of operations of the acquired business of Jefferson Terminal have been included in the consolidated financial statements since the date of acquisition. The goodwill recognized is attributable to strategic opportunities and expected future cash flows of the business and approximately $45 million of goodwill is expected to be deductible by a subsidiary of the Company for tax purposes. Property, plant and equipment acquired in connection with Jefferson Terminal is being depreciated based on estimated remaining useful lives from the date of acquisition.

Subsequent to the acquisition, in the year ended December 31, 2015, measurement period adjustments as of the acquisition date were made to decrease construction in progress within property, plant, and equipment, net by $947, increase intangible assets, net by $128, increase goodwill by $1,358, increase accounts payable and accrued liabilities assumed by $390 and increase other liabilities assumed by $149.

The fair values assigned to acquired assets and assumed liabilities of CMQR and Jefferson Terminal at their respective dates of acquisition are as follows:



	CMQR			Jefferson Terminal
Assets
Restricted cash	—			190,811
Land and site improvements	5,484			9,573
Track	4,952			—
Buildings and improvements	136			2,139
Crude oil terminal machinery and equipment	—			47,286
Railroad Equipment	713			—
Furniture and fixtures	—			317
Computer hardware and software	—			34
Turnout and other track materials	1,415			—
Vehicles	320			258
Railcars and locomotives	1,283			—
Construction in progress	—			85,276
Prepaids and other deposits	103			6,102
Tendered bonds	—			115,000
Customer lists and customer contracts	225			35,513
Goodwill	593			115,991
Total assets	15,224			608,300

Liabilities
Employee-related liabilities	(1,119		)	—
Environmental remediation liabilities	(1,333		)	—
Real estate taxes	(714		)	—
Accrued expenses	—			(56,540		)
Term loan	—			(93,995		)
Bonds Payable	—			(348,788		)
Note Payable	—			(21,297		)
Other liabilities	—			(1,902		)
Total liabilities	(3,166		)	(522,522		)
Net assets acquired	$	12,058		$	85,778

As of December 31, 2014, goodwill additions of $593 and $115,991 were attributed to the Railroad and Jefferson Terminal reportable segments, respectively.

The fair values assigned to intangible assets were determined through the use of the replacement cost method and the income approach, specifically the multi-period excess earnings method. Both valuation methods rely on management’s judgments, including the cost to recreate the customer relationships, expected future cash flows resulting from existing customer relationships, customer attrition rates, contributory effects of other assets utilized in the business, and peer group cost of capital as well as other factors. The valuation of tangible assets was derived using a combination of the income approach, the market approach and the cost approach. Significant judgments used in valuing tangible assets include estimated reproduction or replacement cost, useful lives of assets and estimated selling prices. The valuation of assumed liabilities, including bonds payable, was derived using the market approach, using quoted values as available and the income approach, comparing the stated interest rate on certain credit agreements to the market interest rate. The valuation of equity interests conveyed to retaining shareholders was derived using the market approach, as agreed between the parties, representing the cash that would have been offered on an arm’s length basis, on the acquisition date.

Supplementary Pro Forma Information—The unaudited pro forma information has been derived from our historical consolidated financial statements and has been prepared to give effect to the acquisitions, assuming that the acquisitions of CMQR and Jefferson Terminal occurred on January 1, 2013. The unaudited pro forma pre-tax net income (loss) for the year ended December 31, 2014 has been adjusted to reflect the additional depreciation and amortization that would have resulted from changes in the estimated fair value of assets and liabilities.



	Year Ended December 31, 2014
Pro Forma—CMQR
Revenues	$	63,528
Pre-tax net income	1,497
Pro Forma—Jefferson Terminal
Revenues	$	60,577
Pre-tax net loss	(46,906		)

Pro forma results do not include any anticipated synergies or other anticipated benefits of the acquisition. Accordingly, the unaudited pro forma financial information is not necessarily indicative or either future results of operations or results that might have been achieved had the acquisition occurred on January 1, 2013.

During the year ended December 31, 2014, for CMQR and Jefferson Terminal, the Company recognized $9,969 and $2,652, respectively, in revenues and $11,957 and $15,768, respectively, of loss before income taxes, which includes acquisition and transaction related expenses of $5,646 and $5,494, respectively, included within acquisition and transaction expenses in the Consolidated Statement of Operations.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

LEASING EQUIPMENT

12 Months Ended

Dec. 31, 2016

Leases [Abstract]

LEASING EQUIPMENT, NET

Leasing equipment, net is summarized as follows:



	December 31,
	2016			2015
Leasing equipment	$	849,565		$	681,212
Less: Accumulated depreciation	(84,110		)	(44,531		)
Leasing equipment, net	$	765,455		$	636,681

During the year ended December 31, 2016, the Company acquired nine aircraft and twenty-eight commercial jet engines, and sold one aircraft and four commercial jet engines. Depreciation expense for leasing equipment for the years ended December 31, 2016, 2015 and 2014 was $43,886, $30,624 and $12,683, respectively.

FINANCE LEASES, NET

12 Months Ended

Dec. 31, 2016

Leases [Abstract]

FINANCE LEASES, NET

Finance leases, net are summarized as follows:



	December 31,
	2016			2015
Finance leases	$	18,022		$	102,369
Unearned revenue	(8,305		)	(19,848		)
Finance leases, net	$	9,717		$	82,521

During the first quarter of 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 December 31, 2016, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows:



	Total
2017	$	2,008
2018	2,008
2019	2,008
2020	2,013
2021	2,008
Thereafter	7,977
Total	$	18,022

PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

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



	December 31,
	2016			2015
Land, site improvements and rights	$	57,617		$	19,492
Construction in progress	49,605			55,927
Buildings and improvements	2,750			2,750
Crude oil terminal machinery and equipment	236,652			210,857
Track and track related assets	22,948			17,159
Railroad equipment	1,091			1,050
Railcars and locomotives	2,909			1,720
Computer hardware and software	388			152
Furniture and fixtures	405			410
Vehicles	985			547
	375,350			310,064
Less: Accumulated depreciation	(26,002		)	(13,215		)
Spare parts	2,833			2,829
Property, plant and equipment, net	$	352,181		$	299,678

During the year ended December 31, 2016, additional property, plant and equipment of $65,780 was acquired, consisting primarily of the purchase of land, construction in progress, crude oil machinery and equipment, and railcars and locomotives.

On July 1, 2016, the Company, through one of its consolidated subsidiaries, purchased the assets of Repauno for a cash purchase price of approximately $24,000. These amounts consist primarily of land, a storage cavern, riparian rights for the acquired land, site improvements and rights. As part of the transaction, additional amounts of $13,991 were capitalized for costs directly related to the purchase, including costs for legal advice, exploratory diligence, and regulatory permitting costs in an effort to close the transaction and pre-acquisition services provided by our third party shareholder in exchange for a minority interest. As of December 31, 2016, Repauno is part of the Corporate segment.

During the year ended December 31, 2016, disposals of property, plant and equipment totaled $490. During the year ended December 31, 2015, disposals of property, plant and equipment totaled $893, mainly related to railroad equipment, vehicles, and furniture and fixtures. Depreciation expense for property, plant and equipment was $12,726, $11,099, and $2,107 for the years ended December 31, 2016, 2015, and 2014, respectively.

INVESTMENTS

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS

The following table presents the ownership interests and carrying values of the Company’s investments:



			Carrying Value
	Investment	Ownership Percentage	December 31, 2016		December 31, 2015
Listed securities	Available-for-sale	7%	$	17,630	$	—
Advanced Engine Repair JV	Equity method	25%	15,000		—
JGP Energy Partners LLC	Equity method	50%	3,266		—
Intermodal Finance I, Ltd.	Equity method	51%	4,082		10,675
			$	39,978	$	10,675

Available-for-sale securities

In December 2016, the Company invested $10,500 in equity securities of an international oil and gas drilling contractor. As of December 31, 2016, the total fair value of the investment was $17,630. For the year ended December 31, 2016, the Company had an unrealized gain of $7,130. The Company did not recognize any other-than-temporary impairments for the year ended December 31, 2016.

Equity Method Investments

Advanced Engine Repair JV

In December 2016, the Company invested $15,000 for 25% interest in an advanced engine repair joint venture. The Company will initially focus on developing new costs savings programs for engine repairs. The primary financial activities for the joint venture relate to member contributions and therefore its summary financial information has not been presented.

JGP

In 2016, the Company initiated activities in a 50% non-controlling interest in JGP, a joint venture. JGP is governed by a designated operating committee selected by the members in proportion to their equity interests. JGP is solely reliant on its members to finance its activities and therefore is a variable interest entity. The Company concluded it is not the primary beneficiary of JGP as the members share equally in the risks and rewards and decision making authority of the entity; therefore, the Company does not consolidate JGP and instead accounts for this investment in accordance with the equity method. The primary financial activities for JGP relate to member investments and therefore JGP summary financial information has not been presented. The Company’s proportionate share of equity in losses was $18 for the year ended December 31, 2016.

Intermodal Finance I, Ltd.

In 2012, the Company acquired a 51% non-controlling interest in Intermodal Finance I, Ltd. (“Intermodal”), a joint venture. Intermodal is governed by a board of directors, and its shareholders have voting rights through their equity interests. As such, Intermodal is not within the scope of ASC 810-20 and should be evaluated for consolidation under the voting interest model. Due to the existence of substantive participating rights of the 49% equity investor, including the joint approval of material operating and capital decisions, such as material contracts and capital expenditures consistent with ASC 810-10-25-11, the Company does not have unilateral rights over this investment; therefore, the Company does not consolidate Intermodal but accounts for this investment in accordance with the equity method. The Company does not have a variable interest in this investment as none of the criteria of ASC 810-10-15-14 were met.

As of December 31, 2016, Intermodal owns a portfolio of multiple finance leases, representing five customers and comprising approximately 52,000 shipping containers, as well as a portfolio of approximately 24,000 shipping containers subject to multiple operating leases. During the years ended December 31, 2016 and 2015, Intermodal Finance I, Ltd. recorded an asset impairment charge of $6,016 and $20,604, respectively, which resulted from certain operating leases not being renewed and containers being returned at a faster pace than expected. The Company's proportionate share of the impairment charge was $3,068 and $10,508 based on its 51% ownership percentage for the years ended December 31, 2016 and 2015, respectively. The Company’s proportionate share of equity in (losses) earnings was $(5,974), $(6,956), $6,093 for the years ended December 31, 2016, 2015, and 2014, respectively.

The audited consolidated financial statements of Intermodal as of and for the years ended December 31, 2016, 2015, and 2014, are presented herein.

INTANGIBLE ASSETS AND LIABILITIES, NET

12 Months Ended

Dec. 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:



	December 31, 2016
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets
Acquired favorable lease intangibles	$	26,605		$	—		$	—		$	26,605
Less: Accumulated amortization	(14,998		)	—			—			(14,998		)
Acquired favorable lease intangibles, net	11,607			—			—			11,607
Customer relationships	—			35,513			225			35,738
Less: Accumulated amortization	—			(8,271		)	(120		)	(8,391		)
Acquired customer relationships, net	—			27,242			105			27,347
Total intangible assets, net	$	11,607		$	27,242		$	105		$	38,954

Intangible liabilities
Acquired unfavorable lease intangibles	$	1,506		$	—		$	—		$	1,506
Less: Accumulated amortization	(627		)	—			—			(627		)
Acquired unfavorable lease intangibles, net	$	879		$	—		$	—		$	879



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Less: Accumulated amortization	(9,697		)	—			—			(9,697		)
Acquired favorable lease intangibles, net	13,184			—			—			13,184
Customer relationships	—			35,513			225			35,738
Less: Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
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
Less: Accumulated amortization	(151		)	—			—			(151		)
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:



	Classification in Consolidated Statements of Operations	Year Ended December 31,
		2016		2015		2014
Lease intangibles	Equipment leasing revenues	$	4,979	$	6,774	$	2,694
Customer relationships	Depreciation and amortization	3,598		3,585		1,208
Total		$	8,577	$	10,359	$	3,902

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



	Total
2017	$	7,881
2018	7,176
2019	5,569
2020	4,223
2021	3,751
Thereafter	9,475
Total	$	38,075

DEBT, NET

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

DEBT, NET

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



	December 31, 2016			December 31, 2015
Loans payable
Container Loan #1	$	—		$	34,761
Container Loan #2	—			11,338
FTAI Pride Credit Agreement	60,937			67,188
CMQR Credit Agreement	12,625			9,407
Jefferson Terminal Credit Agreement	—			98,750
Total loans payable	73,562			221,444
Bonds payable
Series 2012 Bonds (including unamortized premium of $1,697 and $1,751 at December 31, 2016 and December 31, 2015, respectively)	45,887			47,261
Series 2016 Bonds	144,200			—
Total bonds payable	190,087			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	266,001			271,057
Less: Debt issuance costs	(6,489		)	(4,836		)
Total debt, net	$	259,512		$	266,221

Total debt due within one year	$	8,078		$	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. During the first quarter of 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 first quarter of 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.

FTAI Pride Credit Agreement—On September 15, 2014, FTAI Pride, LLC, (“FTAI Pride”) a subsidiary of the Company entered into a credit agreement (the “FTAI Pride Credit Agreement”) with a financial institution for a term loan in an aggregate amount of $75,000. The loan proceeds were used in connection with the acquisition of an offshore construction vessel. The FTAI Pride Credit Agreement requires quarterly payments of interest and scheduled principal payments of $1,562 beginning in the quarter ending December 31, 2015, through its maturity and can be prepaid without penalty at any time. The FTAI Pride Credit Agreement is secured on a first priority basis by the offshore construction vessel and charter. Borrowings under the FTAI Pride Credit Agreement bear interest at the LIBOR rate plus a spread of 4.50%.

The FTAI Pride Credit Agreement contains affirmative and negative covenants which limit certain actions of the borrower and a financial covenant requiring the borrower to maintain a Fixed Charges Coverage Ratio, as defined, of not less than 1.15:1.00 in any twelve month period ending December 31, 2014, or later.

CMQR Credit Agreement—On March 28, 2016, CMQR amended its credit agreement (the “CMQR Credit Agreement”) with a financial institution for a revolving line of credit to increase the aggregate amount from $10,000 to $20,000 and to extend the maturity date to September 18, 2018. Borrowings under the CMQR Credit Agreement bear interest at either (i) Adjusted LIBOR plus a spread of 2.50% or 4.50%, (ii) the U.S. or Canadian Base Rate plus a spread of 1.50% or 3.50%, or (iii) the Canadian Fixed Rate plus a spread of 2.50% or 4.50%, as defined by the CMQR Credit Agreement. The weighted-average effective interest rate as of December 31, 2016 was 3.21%.

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 first quarter of 2016, the Company recorded a loss on extinguishment of debt of $1,579.

Series 2012 Bonds—On August 1, 2012, Jefferson County Development Corporation issued $46,875 of tax-exempt industrial bonds (“Series 2012 Bonds”), to specifically fund construction and operation of an intermodal transfer facility for crude oil and refined petroleum products. The proceeds of this issuance were loaned to Jefferson Terminal, to be held in trust, as restricted cash, to ensure adherence to the restrictions of use of the funds. Use of the proceeds requires approval from a trustee prior to release of funds. Such restricted cash may only be released to us after payment of applicable reserves, including a six-month interest reserve, and expenses, as determined by the trustee. The Series 2012 Bonds have a stated maturity of July 1, 2032, bear interest at 8.25%, and require scheduled principal payments. The principal of the Series 2012 Bonds is payable annually at varying amounts.

In connection with the Company’s acquisition of Jefferson Terminal, the Series 2012 Bonds were recorded at a fair value of $48,554, which represented a premium of $1,823 as compared to their face value at the date of acquisition; such premium is being amortized using the effective interest method over the remaining contractual term of the Series 2012 Bonds.

The Series 2012 Bond agreement contains a financial covenant requiring a subsidiary of the Company to maintain a long-term debt service coverage ratio, as defined in the agreement, of 1.25 to 1, in each fiscal year, beginning with December 31, 2014.

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

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

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

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

Note Payable to Non-Controlling Interest—In May 2013, in connection with the capitalization of a consolidated subsidiary, the Company and the owner of the non-controlling interest loaned approximately $18,275 and $3,225, respectively, to the entity in proportion to their respective ownership percentages of 85% and 15%. The loans bear interest at an annual rate of 5% and require monthly payments of principal and interest through their final maturity in May 2021. The loan amount funded by the Company and related interest have been eliminated in consolidation.

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

As of December 31, 2016, scheduled principal repayments under the Company’s debt agreements for the next five years and thereafter are summarized as follows:



	2017		2018		2019		2020		2021		Thereafter		Total
FTAI Pride Credit Agreement	$	6,250	$	6,250	$	48,437	$	—	$	—	$	—	$	60,937
CMQR Credit Agreement	—		12,625		—		—		—		—		12,625
Jefferson Bonds Payable (excluding unamortized premium of $1,697)	1,425		1,545		1,670		146,010		1,960		35,780		188,390
Note payable to non-controlling interest	403		403		403		403		740		—		2,352
Total principal payments on loans and bonds payable	8,078		20,823		50,510		146,413		2,700		35,780		264,304

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 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 December 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 Using Fair Value Hierarchy as of
	December 31, 2016		December 31, 2016
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Cash and cash equivalents	$	68,055	$	68,055	$	—	$	—	Market
Restricted cash	65,441		65,441		—		—		Market
Available-for-sale securities	17,630		17,630		—		—		Market
Total	$	151,126	$	151,126	$	—	$	—

	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2015		December 31, 2015
	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 December 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. Publicly traded securities with sufficient trading volume are fair valued by management using quoted prices for identical instruments in active markets and are therefore classified as Level 1 within the fair value hierarchy.

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

The Company’s notes receivable at December 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 December 31, 2016 and December 31, 2015, the Company’s notes receivable also included a $17,935 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 and are classified as Level 3 within the fair value hierarchy.

The fair value of Series 2012 bonds, reported in debt, net on the Consolidated Balance Sheets, was approximately $46,488 and $49,268, respectively, at December 31, 2016 and December 31, 2015, based upon market prices for similar municipal securities. The fair value of Series 2016 bonds, reported in debt, net on the Consolidated Balance Sheets, was approximately $149,575 at December 31, 2016 based upon market prices for similar municipal securities. The fair values of all other items reported as debt, net in the Consolidated Balance Sheet approximate their carrying values due to their bearing market rates of interest, and are classified as Level 2 within the fair value hierarchy.

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

- 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

12 Months Ended

Dec. 31, 2016

Revenue Disclosure [Abstract]

REVENUES

Components of revenue are as follows:



	Year Ended December 31, 2016
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Equipment leasing revenues
Lease income	$	66,024	$	3,712	$	—	$	—	$	—	$	—	$	69,736
Maintenance revenue	28,697		—		—		—		—		—		28,697
Finance lease income	—		1,610		1,113		—		—		—		2,723
Other revenue	687		6		100		—		—		—		793
Total equipment leasing revenues	95,408		5,328		1,213		—		—		—		101,949
Infrastructure revenues
Lease income	—		—		—		—		—		32		32
Rail revenues	—		—		—		—		30,837		—		30,837
Terminal services revenues	—		—		—		15,902		—		—		15,902
Total infrastructure revenues	—		—		—		15,902		30,837		32		46,771
Total revenues	$	95,408	$	5,328	$	1,213	$	15,902	$	30,837	$	32	$	148,720



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Equipment leasing revenues
Lease income	$	42,924	$	21,959	$	—	$	—	$	—	$	—	$	64,883
Maintenance revenue	17,286		—		—		—		—		—		17,286
Finance lease income	—		1,665		7,082		—		—		—		8,747
Other revenue	1,120		607		100		—		—		—		1,827
Total equipment leasing revenues	61,330		24,231		7,182		—		—		—		92,743
Infrastructure revenues
Lease income	—		—		—		4,620		—		—		4,620
Rail revenues	—		—		—		—		25,550		—		25,550
Terminal services revenues	—		—		—		13,655		—		—		13,655
Total infrastructure revenues	—		—		—		18,275		25,550		—		43,825
Total revenues	$	61,330	$	24,231	$	7,182	$	18,275	$	25,550	$	—	$	136,568



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Equipment leasing revenues
Lease income	$	14,991	$	12,690	$	—	$	—	$	—	$	—	$	27,681
Maintenance revenue	5,964		—		—		—		—		—		5,964
Finance lease income	—		1,716		8,297		—		—		—		10,013
Other revenue	3		224		99		—		—		—		326
Total equipment leasing revenues	20,958		14,630		8,396		—		—		—		43,984
Infrastructure revenues
Lease income	—		—		—		1,325		—		—		1,325
Rail revenues	—		—		—		—		9,969		—		9,969
Terminal services revenues	—		—		—		2,652		—		—		2,652
Total infrastructure revenues	—		—		—		3,977		9,969		—		13,946
Total revenues	$	20,958	$	14,630	$	8,396	$	3,977	$	9,969	$	—	$	57,930

Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors as of December 31, 2016:



	Total
2017	$	65,301
2018	49,321
2019	30,102
2020	17,778
2021	8,983
Thereafter	2,310
Total	$	173,795

EQUITY-BASED COMPENSATION

12 Months Ended

Dec. 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.

As of December 31, 2016, the Incentive Plan provides for the issuance of up to 30 million shares. The Company accounts for equity-based compensation expense in accordance with Accounting Standards Codification 718 Compensation-Stock Compensation (“ASC 718”) and is reported within operating expenses and general and administrative in the Consolidated Statements of Operations.

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



	Year Ended December 31,							Remaining Expense To Be Recognized, If All Vesting Conditions Are Met
	2016			2015		2014
Stock Options	$	—		$	24	$	—	$	—
Restricted Shares	(4,051		)	3,432		1,137		24,703
Common Units	379			1,206		128		89
Total	$	(3,672	)	$	4,662	$	1,265	$	24,792

Stock Options

In June 2015, the Company issued an aggregate of 15,000 stock options (5,000 options each) to its three independent directors pursuant to the Incentive Plan with a grant date fair value of $24 which immediately vested upon grant and expire after 10 years. The fair value of each stock option was estimated on the date of grant using a Black-Scholes option valuation model using the following assumptions:



Expected volatility	Due to the lack of historical data for the Company’s own stock, the Company has based its expected volatility on a representative peer group with similar business characteristics.	28%
Risk free interest rate	The risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant.	2.4%
Expected dividend yield	The expected dividend yield is based on management’s current expected dividend rate.	6.50%
Expected term	Expected term used represents the period of time the options granted are expected to be outstanding.	5 years



	Options	Weighted-Average Exercise Price (per share)		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Stock options outstanding at January 1, 2016	15,000	$	16.98
Granted	—
Exercised	—
Forfeited and canceled	—
Stock options outstanding and exercisable as of December 31, 2016	15,000	$	16.98	$	—	8.40

Restricted Shares



	Restricted Shares	Weighted-Average Exercise Price (per share)		Aggregate Value (in thousands)		Weighted Average Remaining Contractual Term (in years)
Restricted shares outstanding at January 1, 2016	1,291,878	$	19.10	$	24,675	1.67
Granted	52,388	17.98		942		4.00
Less: vested	20,939	19.10		400		N/A
Less: forfeited and canceled	20,939	19.10		400		N/A
Restricted shares outstanding and exercisable as of December 31, 2016	1,302,388	$	19.06	$	24,817	0.74

The Company granted equity based compensation awards in a subsidiary consisting of 1.3 million restricted shares in exchange for services. The first award for 1.25 million restricted shares had a grant date fair value of $23,879. The fair value was determined on the grant date, August 27, 2014, using the market approach assuming no forfeitures. The shares vest in three tranches over three years, subject to continued employment and achievement of three separate performance conditions based on EBITDA for that subsidiary. The compensation expense will be recognized ratably over the remaining service period when it is probable that the performance conditions will be achieved and expires in August 2017. During the year ended December 31, 2016, the achievement of all performance conditions was deemed not probable and, accordingly, the $4,402 expense previously recognized was reversed in operating expenses in the Consolidated Statement of Operations.

The second award of 42,000 restricted shares had a grant day fair value of $800 using the market approach and assuming no forfeited awards. The award vests over four years, provided the employee remains employed by the Company. During the first quarter of 2016, the employee terminated his employment, at which time 50% of the award was vested and 50% was forfeited per the terms of the agreement with the employee. In lieu of delivering the vested shares, the Company paid $200 in cash to the former employee in accordance with the amended terms of the agreement during the second quarter of 2016, effectively terminating and canceling the awards.

The third award of 52,388 restricted shares had a grant date fair value of $942. The fair value was determined on the grant date, November 9, 2016, using the discounted cash flows model. The shares vest over four years, subject to continued employment through June 2020. The compensation expense will be recognized ratably through the fourth anniversary of the employee’s start date. During the year ended December 31, 2016, no shares were vested.

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

Common Units



	Common Units	Weighted-Average Exercise Price (per share)		Aggregate Value (in thousands)		Weighted Average Remaining Contractual Term (in years)
Common units outstanding at January 1, 2016	733,333	$	1.26	$	924	0.72
Granted	—	—		—		—
Less: vested	650,000	1.25		811		N/A
Less: forfeited and canceled	—	—		—		N/A
Common units outstanding and exercisable as of December 31, 2016	83,333	$	1.34	$	113	0.77

In 2014 and 2015, the Company granted equity based compensation in a subsidiary consisting of common units in exchange for services assuming no forfeited amounts. The awards have varying terms, ranging between 16 and 36 months, and vest subject to continued employment through each respective vesting date. The awards are equity based with compensation expense recognized ratably over the vesting periods.

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

INCOME TAXES

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

INCOME TAXES

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



	Year Ended December 31,
	2016			2015			2014
Current:
Federal	$	355		$	86		$	700
State and local	112			45			15
Foreign	(176		)	222			—
Total current provision	291			353			715

Deferred:
Federal	(50		)	(79		)	158
State and local	6			—			1
Foreign	21			312			—
Total deferred provision	(23		)	233			159

Total provision for income taxes	$	268		$	586		$	874

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 difference between the Company’s reported provision for income taxes and the U.S. federal statutory rate of 35% is as follows:



	Year Ended December 31,
	2016		2015		2014
U.S. federal tax at statutory rate	35.0	%	35.0	%	35.0	%
Income not subject to tax	7.9	%	25.2	%	(241.2	)%
State and local taxes	(0.2	)%	(0.2	)%	0.4	%
Foreign taxes	0.9	%	(1.9	)%	—	%
Other	(0.7	)%	(0.2	)%	—	%
Change in valuation allowance	(43.6	)%	(60.0	)%	228.8	%
Provision for income taxes	(0.7	)%	(2.1	)%	23.0	%

Significant components of our deferred tax assets and liabilities are as follows:



	December 31,
	2016			2015
Deferred tax assets:
Net operating loss carryforwards	$	42,337		$	24,234
Accrued expenses	1,642			1,767
Interest expense	8,334			4,038
Other	1,404			2,712
Total deferred tax assets	53,717			32,751
Less valuation allowance	(42,270		)	(24,786		)
Net deferred tax assets	11,447			7,965
Deferred tax liabilities:
Fixed assets	$	11,816		$	8,357
Net deferred tax assets (liabilities)	$	(369	)	$	(392	)

Current and deferred tax assets and liabilities are reported in other assets and other liabilities, respectively, in the Consolidated Balance Sheet. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. The Company has analyzed its deferred tax assets and has determined, based on the weight of available evidence, that it is more likely than not that a significant portion will not be realized. Accordingly, valuation allowances have been recognized as of December 31, 2016 and December 31, 2015 of $42,270 and $24,786, respectively, related to certain deductible temporary differences and net operating loss carryforwards.

A summary of the changes in the valuation allowance is as follows:



	December 31,
	2016		2015
Valuation allowance at beginning of period	$	24,786	$	8,675
Increase to valuation allowance attributable to:
Current year loss	17,484		16,111
Valuation allowance at end of period	$	42,270	$	24,786

As of December 31, 2016 and 2015, certain corporate subsidiaries of the Company had U.S. federal net operating loss carryforwards of approximately $106,838 and $62,014, respectively, and $104,263 and $60,646, respectively, of various state and local net operating loss carryforwards that are available to offset future taxable income, if and when it arises. These net operating loss carryforwards begin to expire in the year 2034. As of December 31, 2016 and 2015, the Company also had net operating loss carryforwards for Canadian federal and provincial income taxes of $7,893 and $6,672, respectively, which will begin to expire in the year 2034. As of December 31, 2016 and 2015, the Company also had net operating loss carryforwards for Irish income tax purposes of $18,453 and $900, which can be carried forward indefinitely against future business income. The utilization of the net operating loss carryforwards to reduce future income taxes will depend on the corporate subsidiaries’ ability to generate sufficient taxable income prior to the expiration of the carryforward period. In addition, the maximum annual use of net operating loss carryforwards may be limited in certain situations after changes in stock ownership occur.

As of and for the period ended December 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 2013. The Company does not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date.

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	12 Months Ended
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	Dec. 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 IPO, the Company entered into the Management Agreement which replaced its then-existing management agreement as a private fund. Additionally, the Company has entered into certain incentive allocation arrangements with Master GP, which owns 0.05% of the Partnership and is the general partner of the Partnership. 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 years ended December 31, 2015 and 2014, pre-IPO management fees were $3,873 and $5,463, respectively. In addition, affiliates of the Manager were entitled to receive an amount not to exceed $1 million per annum to cover legal, compliance, operational, tax, accounting, insurance, transfer agent and informational technology services (“Specified General and Administrative Expenses”) performed by employees of such affiliates on behalf of the Company or the Onshore Fund and the Offshore Fund. No expenses were reimbursed to the Manager or its affiliates for any period prior to the IPO. Prior to the IPO, the Master GP was entitled to an incentive return (the “Incentive Return”) generally equal to 10% of the Partnership’s profits (before certain taxes), as defined, subject to: i) an 8% cumulative preferred return payable to the Onshore Fund and Offshore Fund investors and ii) a clawback provision which requires amounts previously distributed as Incentive Return to be returned to the Company for the benefit of the Onshore Fund and Offshore Fund investors (after adjusting for tax in accordance with the partnership agreement) if, upon the termination of the Company, the amounts ultimately distributed to the Master GP exceed its allocable amount. The Incentive Return was distributable to the Master GP from Distributable Proceeds of the Partnership (as defined) as they were distributed. Accordingly, an Incentive Return would have been paid to the Master GP in connection with a particular investment if and when such investment generated proceeds in excess of the capital called with respect to such investment, plus an 8% cumulative preferred return on such investment and on all previously liquidated investments. If, upon the termination of the Partnership, the aggregate amount paid to the Master GP as Incentive Return exceeded the amount actually due after taking into account the aggregate return to the Onshore Fund and the Offshore Fund investors, the excess was required to be returned by the Master GP (“clawed back”, after adjusting for tax in accordance with the Company agreements) to the Company for benefit of the Fund Investors. Immediately prior to the consummation of the IPO, the Master GP contributed its rights to previously undistributed incentive return pursuant to the Partnership Agreement in exchange for limited partnership interests in each of the Onshore Fund and Offshore Fund equal to the amount of any such undistributed incentive returns. Certain employees of an affiliate of the Manager are or may become entitled to receive profit sharing arrangements from the Master GP, pursuant to which they receive a portion of the Master GP’s Incentive Return. The Company is not required to reimburse the Master GP for such amounts. During the years ended December 31, 2015, 2014, and 2013, the Master GP did not incur any amounts payable to these employees under such profit sharing arrangements attributable to the operations of the Company. Post-IPO Management Agreement and Other Incentive Allocation The Manager is entitled to a management fee, incentive allocations (comprised of income incentive allocation and capital gains incentive allocation, defined below) and reimbursement of certain expenses. The 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 year ended December 31, 2016 and 2015 were $16,742 and $11,145, respectively. The income incentive allocation is calculated and distributable quarterly in arrears based on the pre-incentive allocation net income for the immediately preceding calendar quarter (the “Income Incentive Allocation”). For this purpose, pre-incentive allocation net income means, with respect to a calendar quarter, net income attributable to shareholders during such quarter calculated in accordance with GAAP excluding the Company’s pro rata share of (1) realized or unrealized gains and losses, and (2) certain non-cash or one-time items, and (3) any other adjustments as may be approved by the Company’s independent directors. Pre-incentive allocation net income does not include any Income Incentive Allocation or Capital Gains Incentive Allocation (described below) paid to the Master GP during the relevant quarter. A subsidiary of the Company allocates and distributes to the Master GP an Income Incentive Allocation with respect to its pre-incentive allocation net income in each calendar quarter as follows: (1) no Income Incentive Allocation in any calendar quarter in which pre-incentive allocation net income, expressed as a rate of return on the average value of the Company’s net equity capital (excluding non-controlling interests) at the end of the two most recently completed calendar quarters, does not exceed 2% for such quarter (8% annualized); (2) 100% of pre-incentive allocation net income with respect to that portion of such pre-incentive allocation net income, if any, that is equal to or exceeds 2% but does not exceed 2.2223% for such quarter; and (3) 10% of the amount of pre-incentive allocation net income, if any, that exceeds 2.2223% for such quarter. These calculations will be prorated for any period of less than three months. No Income Incentive Allocation was due to the Master GP for the years ended December 31, 2016 and 2015. Capital Gains Incentive Allocation is calculated and distributable in arrears as of the end of each calendar year and is equal to 10% of the Company’s pro rata share of cumulative realized gains from the date of the IPO through the end of the applicable calendar year, net of the Company’s pro rata share of cumulative realized or unrealized losses, the cumulative non-cash portion of equity-based compensation expenses and all realized gains upon which prior performance-based Capital Gains Incentive Allocation payments were made to the Master GP. No Capital Gains Incentive Allocation was due to the Master GP for the years ended December 31, 2016 and 2015. The Company will pay all of its operating expenses, except those specifically required to be borne by the Manager under the Management Agreement. The expenses required to be paid by the Company include, but are not limited to, issuance and transaction costs incident to the acquisition, disposition and financing of the company’s assets, legal and auditing fees and expenses, the compensation and expenses of the Company’s independent directors, the costs associated with the establishment and maintenance of any credit facilities and other indebtedness of the Company (including commitment fees, legal fees, closing costs, etc.), expenses associated with other securities offerings of the Company, costs and expenses incurred in contracting with third parties (including affiliates of the Manager), the costs of printing and mailing proxies and reports to the Company’s shareholders, costs incurred by the Manager or its affiliates for travel on the Company’s behalf, costs associated with any computer software or hardware that is used for the Company, costs to obtain liability insurance to indemnify the Company’s directors and officers and the compensation and expenses of the Company’s transfer agent. The Company will pay or reimburse the Manager and its affiliates for performing certain legal, accounting, due diligence tasks and other services that outside professionals or outside consultants otherwise would perform, provided that such costs and reimbursements are no greater than those which would be paid to outside professionals or consultants. The Manager is responsible for all of its other costs incident to the performance of its duties under the Management Agreement, including compensation of the Manager’s employees, rent for facilities and other “overhead” expenses; the Company will not reimburse the Manager for these expenses. During the year ended December 31, 2016 and 2015, expense reimbursement of $7,301 and $4,119 was recorded in general and administrative expenses, respectively, and $4,783 and $2,181 was recorded in acquisition and transaction expenses, respectively, in the Consolidated Statements of Operations. If the Company terminates the Management Agreement, it will generally be required to pay the Manager a termination fee. The termination fee is equal to the amount of the management fee during the 12 months immediately preceding the date of the termination. In addition, an Incentive Allocation Fair Value Amount will be distributable to the Master GP if the Master GP is removed due to the termination of the Management Agreement in certain specified circumstances. The Incentive Allocation Fair Value Amount is an amount equal to the Income Incentive Allocation and the Capital Gains Incentive Allocation that would be paid to the Master GP if the Company’s assets were sold for cash at their then current fair market value (as determined by an appraisal, taking into account, among other things, the expected future value of the underlying investments). Upon the successful completion of a post-IPO offering of the Company’s common shares or other equity securities (including securities issued as consideration in an acquisition), the Company will grant the Manager options to purchase common shares in an amount equal to 10% of the number of common shares being sold in the offering (or if the issuance relates to equity securities other than the Company’s common shares, options to purchase a number of common shares equal to 10% of the gross capital raised in the equity issuance divided by the fair market value of a common share as of the date of issuance), with an exercise price equal to the offering price per share paid by the public or other ultimate purchaser or attributed to such securities in connection with an acquisition (or the fair market value of a common share as of the date of the equity issuance if it relates to equity securities other than our common shares). Any ultimate purchaser of common shares for which such options are granted may be an affiliate of Fortress. As of December 31, 2016 and 2015, no amounts were recorded as a receivable from the Manager. As of December 31, 2016 and 2015, amounts due to the Manager or its affiliates of $1,697 and $994, excluding accrued management fees, respectively, are included within accounts payable and accrued liabilities on the Consolidated Balance Sheets. As of December 31, 2016 and 2015, amounts due to the Manager or its affiliates of $1,347 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 December 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 December 31, 2016 and December 31, 2015 was $74,904 and $71,321, respectively. For the years ended December 31, 2016, 2015, and 2014, the amount of this non-controlling interest share of net loss was $7,647, $7,950, and $3,068, respectively. In connection with the Capital Call Agreement related to the Series 2016 Bonds discussed in Note 9, the Company and an affiliate of its Manager entered into a Fee and Support Agreement. The Fee and Support Agreement provides that the affiliate of the Manager is compensated for its guarantee of a portion of the obligations under the Standby Bond Purchase Agreement. This affiliate of the Manager received fees of $1,740, which will be amortized as interest expense to the earlier of the redemption date or February 13, 2020.

- 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

12 Months Ended

Dec. 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, management fees and the recent purchase of Repauno, which consisted primarily of land, a storage cavern, and riparian rights. 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 Year Ended December 31, 2016



	Year ended December 31, 2016
	Equipment Leasing								Infrastructure
	Aviation Leasing		Offshore Energy			Shipping Containers			Jefferson Terminal			Railroad		Corporate			Total
Revenues
Equipment leasing revenues	$	95,408	$	5,328		$	1,213		$	—		$	—	$	—		$	101,949
Infrastructure revenues	—		—			—			15,902			30,837		32			46,771
Total revenues	95,408		5,328			1,213			15,902			30,837		32			148,720

Expenses
Operating expenses	4,609		11,014			43			21,886			27,975		642			66,169
General and administrative	—		—			—			—			—		12,314			12,314
Acquisition and transaction expenses	80		—			—			400			—		5,836			6,316
Management fees and incentive allocation to affiliate	—		—			—			—			—		16,742			16,742
Depreciation and amortization	36,369		6,411			—			15,500			1,926		4			60,210
Interest expense	—		3,747			410			13,501			754		545			18,957
Total expenses	41,058		21,172			453			51,287			30,655		36,083			180,708

Other income (expense)
Equity in losses of unconsolidated entities	—		—			(5,974		)	(18		)	—		—			(5,992		)
Gain on sale of equipment and finance leases, net	5,214		—			304			—			423		—			5,941
Loss on extinguishment of debt	—		—			—			(1,579		)	—		—			(1,579		)
Asset impairment	—		(7,450		)	—			—			—		—			(7,450		)
Interest income (expense)	142		13			—			(19		)	—		—			136
Other (expense) income	—		—			—			602			—		—			602
Total other income (expense)	5,356		(7,437		)	(5,670		)	(1,014		)	423		—			(8,342		)
Income (loss) before income taxes	59,706		(23,281		)	(4,910		)	(36,399		)	605		(36,051		)	(40,330		)
Provision (benefit) for income taxes	267		—			(86		)	74			—		13			268
Net income (loss)	59,439		(23,281		)	(4,824		)	(36,473		)	605		(36,064		)	(40,598		)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	435		(4,368		)	—			(16,456		)	23		(168		)	(20,534		)
Net income (loss) attributable to shareholders	$	59,004	$	(18,913	)	$	(4,824	)	$	(20,017	)	$	582	$	(35,896	)	$	(20,064	)

The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders:



	Year ended December 31, 2016
	Equipment Leasing								Infrastructure
	Aviation Leasing		Offshore Energy			Shipping Containers			Jefferson Terminal			Railroad		Corporate			Total
Adjusted Net Income (Loss)	$	58,768	$	(15,188	)	$	(1,838	)	$	(21,249	)	$	941	$	(30,066	)	$	(8,632	)
Add: Non-controlling share of adjustments to Adjusted Net Income																	2,945
Add: Equity in losses of unconsolidated entities																	(5,992		)
Add: Cash payments for income taxes																	654
Less: Incentive allocations																	—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																	2,905
Less: Asset impairment charges																	(7,450		)
Less: Changes in fair value of non-hedge derivative instruments																	(3		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																	(1,579		)
Less: Acquisition and transaction expenses																	(6,316		)
Less: Equity-based compensation income																	3,672
Less: Provision for income taxes																	(268		)
Net loss attributable to shareholders																	$	(20,064	)

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



	Year ended December 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	12,344	$	—	$	—	$	—	$	—	$	—	$	12,344
Asia	42,999		3,470		885		—		—		—		47,354
Europe	30,508		248		—		—		—		—		30,756
North America	8,184		1,610		328		15,902		30,837		32		56,893
South America	1,373		—		—		—		—		—		1,373
Total revenues	$	95,408	$	5,328	$	1,213	$	15,902	$	30,837	$	32	$	148,720

II. For the Year Ended December 31, 2015



	Year Ended December 31, 2015
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing revenues	$	61,330	$	24,231	$	7,182		$	—		$	—		$	—		$	92,743
Infrastructure revenues	—		—		—			18,275			25,550			—			43,825
Total revenues	61,330		24,231		7,182			18,275			25,550			—			136,568

Expenses
Operating expenses	2,820		4,650		350			33,154			27,819			—			68,793
General and administrative	—		—		—			—			—			7,568			7,568
Acquisition and transaction expenses	—		—		—			—			—			5,683			5,683
Management fees and incentive allocation to affiliate	—		—		—			—			—			15,018			15,018
Depreciation and amortization	23,549		5,967		—			13,897			1,895			—			45,308
Interest expense	—		3,794		2,393			12,546			578			—			19,311
Total expenses	26,369		14,411		2,743			59,597			30,292			28,269			161,681

Other income (expense)
Equity in losses of unconsolidated entities	—		—		(6,956		)	—			—			—			(6,956		)
Gain (loss) on sale of equipment and finance leases, net	3,053		—		—			(199		)	565			—			3,419
Loss on extinguishment of debt	—		—		—			—			—			—			—
Asset impairment	—		—		—			—			—			—			—
Interest income (expense)	11		483		—			85			—			—			579
Other (expense) income	—		—		(14		)	40			—			—			26
Total other income (expense)	3,064		483		(6,970		)	(74		)	565			—			(2,932		)
Income (loss) before income taxes	38,025		10,303		(2,531		)	(41,396		)	(4,177		)	(28,269		)	(28,045		)
Provision (benefit) for income taxes	668		—		(127		)	41			—			4			586
Net income (loss)	37,357		10,303		(2,404		)	(41,437		)	(4,177		)	(28,273		)	(28,631		)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	21		676		—			(17,376		)	(121		)	(5		)	(16,805		)
Net income (loss) attributable to shareholders	$	37,336	$	9,627	$	(2,404	)	$	(24,061	)	$	(4,056	)	$	(28,268	)	$	(11,826	)

The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	37,777	$	9,627	$	7,991	$	(22,153	)	$	(2,898	)	$	(22,557	)	$	7,787
Add: Non-controlling share of adjustments to Adjusted Net Income																1,333
Add: Equity in losses of unconsolidated entities																(6,956		)
Add: Cash payments for income taxes																507
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(3,552		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(14		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(5,683		)
Less: Equity-based compensation expense																(4,662		)
Less: Provision for income taxes																(586		)
Net loss attributable to shareholders																$	(11,826	)

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



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	10,969	$	—	$	—	$	—	$	—	$	—	$	10,969
Asia	27,168		7,483		5,309		—		—		—		39,960
Europe	20,008		15,071		—		—		—		—		35,079
North America	2,304		1,677		1,873		18,275		25,550		—		49,679
South America	881		—		—		—		—		—		881
Total revenues	$	61,330	$	24,231	$	7,182	$	18,275	$	25,550	$	—	$	136,568

III. For the Year Ended December 31, 2014



	Year Ended December 31, 2014
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing revenues	$	20,958	$	14,630	$	8,396		$	—		$	—		$	—		$	43,984
Infrastructure revenues	—		—		—			3,977			9,969			—			13,946
Total revenues	20,958		14,630		8,396			3,977			9,969			—			57,930

Expenses
Operating expenses	1,713		1,054		257			9,095			15,104			—			27,223
General and administrative	—		—		—			—			—			2,007			2,007
Acquisition and transaction expenses	—		—		—			5,494			5,646			310			11,450
Management fees and incentive allocation to affiliate	—		—		—			—			—			5,463			5,463
Depreciation and amortization	9,445		2,801		—			2,763			989			—			15,998
Interest expense	—		1,248		2,840			1,552			187			45			5,872
Total expenses	11,158		5,103		3,097			18,904			21,926			7,825			68,013

Other income (expense)
Equity in earnings of unconsolidated entities	—		—		6,093			—			—			—			6,093
Gain on sale of equipment and finance leases, net	7,576		—		—			—			—			—			7,576
Loss on extinguishment of debt	—		—		—			—			—			—			—
Asset impairment	—		—		—			—			—			—			—
Interest income	26		160		—			—			—			—			186
Other (expense) income	—		—		(26		)	46			—			—			20
Total other income (expense)	7,602		160		6,067			46			—			—			13,875
Income (loss) before income taxes	17,402		9,687		11,366			(14,881		)	(11,957		)	(7,825		)	3,792
Provision (benefit) for income taxes	490		—		100			284			—			—			874
Net income (loss)	16,912		9,687		11,266			(15,165		)	(11,957		)	(7,825		)	2,918
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	—		704		—			(5,566		)	—			—			(4,862		)
Net income (loss) attributable to shareholders	$	16,912	$	8,983	$	11,266		$	(9,599	)	$	(11,957	)	$	(7,825	)	$	7,780

The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders:



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	17,136	$	8,976	$	11,453	$	(3,209	)	$	(6,183	)	$	(7,516	)	$	20,657
Add: Non-controlling share of adjustments to Adjusted Net Income																525
Add: Equity in earnings of unconsolidated entities																6,093
Add: Cash payments for income taxes																274
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(6,155		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(25		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(11,450		)
Less: Equity-based compensation expense																(1,265		)
Less: Provision for income taxes																(874		)
Net loss attributable to shareholders																$	7,780

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



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	7,818	$	—	$	—	$	—	$	—	$	—	$	7,818
Asia	3,246		7,483		6,024		—		—		—		16,753
Europe	8,240		5,432		—		—		—		—		13,672
North America	1,561		1,715		2,372		3,977		9,969		—		19,594
South America	93		—		—		—		—		—		93
Total revenues	$	20,958	$	14,630	$	8,396	$	3,977	$	9,969	$	—	$	57,930

IV. Balance Sheet and location of long-lived assets

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



	December 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	625,680	$	220,544	$	4,333	$	534,638	$	40,428	$	121,689	$	1,547,312

Debt, net	—		62,655		—		184,702		12,155		—		259,512

Total liabilities	74,989		66,002		—		205,536		24,971		10,134		381,632

Non-controlling interests in equity of consolidated subsidiaries	1,334		3,325		—		104,087		2,114		1,008		111,868

Total equity	550,691		154,542		4,333		329,102		15,457		111,555		1,165,680

Total liabilities and equity	$	625,680	$	220,544	$	4,333	$	534,638	$	40,428	$	121,689	$	1,547,312



	December 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	$	51,136	$	—	$	—	$	—	$	—	$	—	$	51,136
Asia	212,635		169,499		—		—		—		—		382,134
Europe	225,934		—		—		—		—		—		225,934
North America	56,456		—		—		319,503		29,866		44,486		450,311
South America	8,121		—		—		—		—		—		8,121
Total property, plant and equipment and leasing equipment, net	$	554,282	$	169,499	$	—	$	319,503	$	29,866	$	44,486	$	1,117,636



	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	—		68,675		45,779		142,835		8,932		—		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

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

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

The Company completed its 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.



	Year Ended December 31,
(in thousands, except share and per share data)	2016			2015			2014
Net (loss) income attributable to shareholders	$	(20,064	)	$	(11,826	)	$	7,780
Weighted Average Shares Outstanding - Basic	75,738,698			67,039,439			53,502,873
Weighted Average Shares Outstanding - Diluted	75,738,698			67,039,439			53,502,873

Basic and Diluted EPS	$	(0.26	)	$	(0.18	)	$	0.15

For the year ended December 31, 2016, 8,082 shares have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 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, lessees have asserted that they are entitled to certain reimbursable expenses or adjustments per the terms of the related charter agreement. Although the Company believes it has strong defenses against these claims, the range of potential damages is $0 to $10,306. No amount has been recorded for this matter in the Company’s consolidated financial statements as of December 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 arrangements is remote.

The Company has also entered into an arrangement with its non-controlling interest holder of Repauno, whereby the non-controlling interest holder may receive additional payments contingent upon the achievement of certain service conditions, not to exceed $15,000 (Note 6). The Company will account for such amounts when and if such service conditions are achieved.

Several of the Company’s subsidiaries are lessees under various operating and capital leases. Total rent expense for operating leases was as follows:



	Year Ended December 31,
	2016		2015		2014
Rent expense	$	4,953	$	3,717	$	1,556

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



2017	$	6,511
2018	5,825
2019	5,407
2020	4,722
2021	3,920
Thereafter	73,279
Total	$	99,664

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table unaudited summary information of the Company's quarterly operations.



	2016
	Quarter Ended												Year Ended December 31
(in thousands except share and per share data)	March 31			June 30			September 30			December 31			Year Ended December 31
Total revenues	$	31,453		$	33,195		$	41,726		$	42,346		$	148,720
Total expenses	40,873			46,839			46,859			46,137			180,708
Total other income (expense)	277			(6,234		)	(430		)	(1,955		)	(8,342		)
Loss before income taxes	(9,143		)	(19,878		)	(5,563		)	(5,746		)	(40,330		)
Provision (benefit) for income taxes	(66		)	178			83			73			268
Net loss	(9,077		)	(20,056		)	(5,646		)	(5,819		)	(40,598		)
Net loss attributable to non-controlling interests in consolidated subsidiaries	(3,295		)	(8,863		)	(4,370		)	(4,006		)	(20,534		)
Net loss attributable to shareholders	$	(5,782	)	$	(11,193	)	$	(1,276	)	$	(1,813	)	$	(20,064	)

Loss per Share:
Basic	$	(0.08	)	$	(0.15	)	$	(0.02	)	$	(0.02	)	$	(0.26	)
Diluted	$	(0.08	)	$	(0.15	)	$	(0.02	)	$	(0.02	)	$	(0.26	)
Weighted Average Shares Outstanding:
Basic	75,727,369			75,730,165			75,746,200			75,750,943			75,738,698
Diluted	75,727,369			75,730,165			75,746,200			75,750,943			75,738,698



	2015
	Quarter Ended												Year Ended December 31
(in thousands except share and per share data)	March 31			June 30			September 30			December 31			Year Ended December 31
Total revenues	$	33,973		$	33,564		$	35,233		$	33,798		$	136,568
Total expenses	33,226			40,194			43,475			44,786			161,681
Total other income (expense)	1,425			1,626			(7,664		)	1,681			(2,932		)
Income (loss) before income taxes	2,172			(5,004		)	(15,906		)	(9,307		)	(28,045		)
Provision (benefit) for income taxes	230			266			150			(60		)	586
Net income (loss)	1,942			(5,270		)	(16,056		)	(9,247		)	(28,631		)
Net loss attributable to non-controlling interests in consolidated subsidiaries	(3,506		)	(4,433		)	(4,318		)	(4,548		)	(16,805		)
Net income (loss) attributable to shareholders	$	5,448		$	(837	)	$	(11,738	)	$	(4,699	)	$	(11,826	)

Earnings (Loss) per Share:
Basic	$	0.10		$	(0.01	)	$	(0.16	)	$	(0.06	)	$	(0.18	)
Diluted	$	0.10		$	(0.01	)	$	(0.16	)	$	(0.06	)	$	(0.18	)
Weighted Average Shares Outstanding:
Basic	53,502,873			62,879,023			75,718,183			75,718,183			67,039,439
Diluted	53,502,873			62,879,023			75,718,183			75,718,183			67,039,439

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On January 23, 2017, Company entered into an unsecured credit agreement under which the Company, through its wholly owned subsidiaries, including the Partnership and WWTAI Finance Ltd., an exempted company incorporated with limited liability under the laws of Bermuda, borrowed $100,000 in term loans denominated in U.S. dollars (the “Term Loans”). The proceeds of the Term Loans will be used for general corporate purposes, including future acquisitions by the Company and its subsidiaries of certain aviation and infrastructure assets. The Term Loans currently bear interest at the Base Rate (determined in accordance with the agreement) plus 2.75% per annum, or at the Adjusted Eurodollar Rate (determined in accordance with the agreement) plus 3.75% per annum, if the Company chooses to make Eurodollar Rate borrowings. The Term Loans mature on January 22, 2018, subject to the Company’s right to elect a one year extension, and require amortization payments in the amount of $250 on the last day of each fiscal quarter beginning on March 31, 2017. Refer to the Company’s Form 8-K which was filed with the Securities and Exchange Commission on January 27, 2017 for additional detail. On February 23, 2017, the Company’s Board of Directors declared a cash dividend on its common shares of $0.33 per share for the quarter ended December 31, 2016, payable on March 20, 2017 to the holders of record on March 10, 2017.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2016
Accounting Policies [Abstract]
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 variable interest entity (“VIE”) and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
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 lease and operating leases. The Company attempts to limit its credit risk by performing ongoing credit evaluations. During the year ended December 31, 2016, the Company earned approximately 10% of its revenue from one customer in the Jefferson Terminal segment. During the year ended December 31, 2015, the Company earned approximately 21% of its revenue from one customer in the Offshore Energy segment and one customer in the Jefferson Terminal segment. During the year ended December 31, 2014, the Company earned approximately 39% of its revenue from three customers in the following segments: one in aviation leasing, one in shipping containers, and one in offshore energy. As of December 31, 2016, accounts receivable from two customers in the Offshore Energy segment each represented 22% and 18% of total accounts receivable, net. As of December 31, 2015, accounts receivable from two customers in the Offshore Segment each represented 27% and 25% 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 Consolidated Statements of Operations, adjusted for fair value changes related to the available-for-sale securities and derivatives accounted for as cash flow hedges.
Derivative Financial Instruments	—In 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 entered into one interest rate derivative designated as a cash flow hedge and one non-hedge derivative. The Company terminated both derivatives during the first quarter of 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 year ended December 31, 2016. The Company does not enter into speculative derivative transactions.
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 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 adopted ASU 2015-03 as of January 1, 2016 and revised its consolidated balance sheets to present debt issuance costs as a direct deduction from debt rather than within other assets, for all periods presented. Refer to Note 9 for detail. In August 2015, the FASB issued ASU 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 adopted ASU 2015-15 as of January 1, 2016 and revised its consolidated balance sheets 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 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 2015-16 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company 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, Revenues from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In August 2015, the FASB deferred the effective date of this standard by one year, which will be for fiscal years, and interim periods within those years, beginning after December 15, 2017. Additionally, during 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers, Principal versus Agent Considerations, ASU 2016-10, Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing and ASU 2016-12, Revenue from Contracts with Customers, Narrow-Scope Improvements and Practical Expedients, ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, which clarify the guidance on reporting revenue as a principal versus agent, identifying and disclosing performance obligations, accounting for intellectual property licenses, and assessing collectibility, present sales tax, treating noncash consideration. The Company’s evaluation of the impact of the new guidance on its consolidated financial statements is ongoing. The Company’s implementation efforts include the identification of revenue within the scope of the guidance, the evaluation of those revenue contracts, education and discussions with the Company’s control functions. The Company continues to evaluate the timing of recognition for various revenues, however, since a substantial portion of the Company’s revenue is recognized from its leasing contracts, subject to ASU 2016-02 Leases, these have been excluded from the evaluation. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019, with early adoption permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company’s evaluation of the impact of the new guidance on its consolidated financial statements is ongoing. The Company is currently identifying the lease arrangements within the scope of the new guidance, and evaluating the impact of the lease arrangements. In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330) (“ASU 2015-11”), which simplifies the measurement of inventory by requiring certain inventory to be measured at the “lower of cost and net realizable value” and the previous parameters for “market value” will be eliminated. ASU 2015-11 defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” The standard will be effective for fiscal years beginning after December 15, 2016, with earlier adoption permitted. The 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 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 believes the impact of adopting this new guidance on its consolidated financial statements will be immaterial. 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 believes the impact of adopting this new guidance on its consolidated financial statements will be immaterial. In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). For assets held at amortized cost basis, ASU 2016-13 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however this ASU requires that credit losses be presented as an allowance rather than as a write-down. This ASU affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 addresses the following eight specific cash flow issues: (i) debt prepayment or debt extinguishment costs; (ii) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; (iii) contingent consideration payments made after a business combination; (iv) proceeds from the settlement of insurance claims; (v) proceeds from the settlement of corporate-owned life insurance policies (COLIs); (vi) distributions received from equity method investees; (vii) beneficial interests in securitization transactions; (viii) and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”). ASU 2016-16 prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. In addition, interpretations of this guidance have developed in practice for transfers of certain intangible and tangible assets. This prohibition on recognition is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP. To more faithfully represent the economics of intra-entity asset transfers, the amendments ASU 2016-16 require that entities recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments in ASU 2016-16 do not change GAAP for the pre-tax effects of an intra-entity asset transfer under Topic 810, Consolidation, or for an intra-entity transfer of inventory. ASU 2016-16 will be effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual reporting periods. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control (“ASU 2016-17”). ASU 2016-17 amends the consolidation guidance on how a reporting entity that is the single decision maker of a VIE should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. Under the amendments, a single decision maker is not required to consider indirect interests held through related parties that are under common control with the single decision maker to be the equivalent of direct interests in their entirety. Instead, a single decision maker is required to include those interests on a proportionate basis consistent with indirect interests held through other related parties. ASU 2016-17 will be effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of this guidance, beginning in fiscal year 2017, to have an impact on its consolidated financial statements as its interests in VIEs are not held by related parties under common control. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (“ASU 2016-18”). ASU 2016-18 addresses the diversity in the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230, Statement of Cash Flows. The amendments in ASU 2016-18 require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU apply to all entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic 230. ASU 2016-18 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805)(“ASU 2017-01”). ASU 2017-01 clarifying the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of businesses or assets. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323) (“ASU 2017-03”). ASU 2017-03 adds and amends SEC paragraphs pursuant to the SEC Staff Announcements at the September 22, 2016 and November 17, 2016 Emerging Issues Task Force (EITF) meetings. The September announcement is about the disclosure of the impact that recently issued accounting standards will have on the financial statements of a registrant when such standards are adopted in a future period. The November announcement made amendments to conform the SEC Observer Comment on Accounting for Tax Benefits Resulting from Investments in Qualified Affordable Housing Projects to the guidance issued in ASU 2014-01, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 addresses concerns over the cost and complexity of the two-step goodwill impairment test by removing the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements.

ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The fair values assigned to acquired assets and assumed liabilities of CMQR and Jefferson Terminal at their respective dates of acquisition are as follows:



	CMQR			Jefferson Terminal
Assets
Restricted cash	—			190,811
Land and site improvements	5,484			9,573
Track	4,952			—
Buildings and improvements	136			2,139
Crude oil terminal machinery and equipment	—			47,286
Railroad Equipment	713			—
Furniture and fixtures	—			317
Computer hardware and software	—			34
Turnout and other track materials	1,415			—
Vehicles	320			258
Railcars and locomotives	1,283			—
Construction in progress	—			85,276
Prepaids and other deposits	103			6,102
Tendered bonds	—			115,000
Customer lists and customer contracts	225			35,513
Goodwill	593			115,991
Total assets	15,224			608,300

Liabilities
Employee-related liabilities	(1,119		)	—
Environmental remediation liabilities	(1,333		)	—
Real estate taxes	(714		)	—
Accrued expenses	—			(56,540		)
Term loan	—			(93,995		)
Bonds Payable	—			(348,788		)
Note Payable	—			(21,297		)
Other liabilities	—			(1,902		)
Total liabilities	(3,166		)	(522,522		)
Net assets acquired	$	12,058		$	85,778

Business Acquisition, Pro Forma Information



	Year Ended December 31, 2014
Pro Forma—CMQR
Revenues	$	63,528
Pre-tax net income	1,497
Pro Forma—Jefferson Terminal
Revenues	$	60,577
Pre-tax net loss	(46,906		)

LEASING EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2016

Leases [Abstract]

Summary of Leasing Equipment

Leasing equipment, net is summarized as follows:



	December 31,
	2016			2015
Leasing equipment	$	849,565		$	681,212
Less: Accumulated depreciation	(84,110		)	(44,531		)
Leasing equipment, net	$	765,455		$	636,681

FINANCE LEASES, NET (Tables)

12 Months Ended

Dec. 31, 2016

Leases [Abstract]

Schedule of Capital Leases, Lessor Balance Sheet

Finance leases, net are summarized as follows:



	December 31,
	2016			2015
Finance leases	$	18,022		$	102,369
Unearned revenue	(8,305		)	(19,848		)
Finance leases, net	$	9,717		$	82,521

Schedule of Future Minimum Lease Payments for Capital Leases

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



	Total
2017	$	2,008
2018	2,008
2019	2,008
2020	2,013
2021	2,008
Thereafter	7,977
Total	$	18,022

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

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



	December 31,
	2016			2015
Land, site improvements and rights	$	57,617		$	19,492
Construction in progress	49,605			55,927
Buildings and improvements	2,750			2,750
Crude oil terminal machinery and equipment	236,652			210,857
Track and track related assets	22,948			17,159
Railroad equipment	1,091			1,050
Railcars and locomotives	2,909			1,720
Computer hardware and software	388			152
Furniture and fixtures	405			410
Vehicles	985			547
	375,350			310,064
Less: Accumulated depreciation	(26,002		)	(13,215		)
Spare parts	2,833			2,829
Property, plant and equipment, net	$	352,181		$	299,678

INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

The following table presents the ownership interests and carrying values of the Company’s investments:



			Carrying Value
	Investment	Ownership Percentage	December 31, 2016		December 31, 2015
Listed securities	Available-for-sale	7%	$	17,630	$	—
Advanced Engine Repair JV	Equity method	25%	15,000		—
JGP Energy Partners LLC	Equity method	50%	3,266		—
Intermodal Finance I, Ltd.	Equity method	51%	4,082		10,675
			$	39,978	$	10,675

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)

12 Months Ended

Dec. 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:



	December 31, 2016
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets
Acquired favorable lease intangibles	$	26,605		$	—		$	—		$	26,605
Less: Accumulated amortization	(14,998		)	—			—			(14,998		)
Acquired favorable lease intangibles, net	11,607			—			—			11,607
Customer relationships	—			35,513			225			35,738
Less: Accumulated amortization	—			(8,271		)	(120		)	(8,391		)
Acquired customer relationships, net	—			27,242			105			27,347
Total intangible assets, net	$	11,607		$	27,242		$	105		$	38,954

Intangible liabilities
Acquired unfavorable lease intangibles	$	1,506		$	—		$	—		$	1,506
Less: Accumulated amortization	(627		)	—			—			(627		)
Acquired unfavorable lease intangibles, net	$	879		$	—		$	—		$	879



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Less: Accumulated amortization	(9,697		)	—			—			(9,697		)
Acquired favorable lease intangibles, net	13,184			—			—			13,184
Customer relationships	—			35,513			225			35,738
Less: Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
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
Less: Accumulated amortization	(151		)	—			—			(151		)
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:



	December 31, 2016
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets
Acquired favorable lease intangibles	$	26,605		$	—		$	—		$	26,605
Less: Accumulated amortization	(14,998		)	—			—			(14,998		)
Acquired favorable lease intangibles, net	11,607			—			—			11,607
Customer relationships	—			35,513			225			35,738
Less: Accumulated amortization	—			(8,271		)	(120		)	(8,391		)
Acquired customer relationships, net	—			27,242			105			27,347
Total intangible assets, net	$	11,607		$	27,242		$	105		$	38,954

Intangible liabilities
Acquired unfavorable lease intangibles	$	1,506		$	—		$	—		$	1,506
Less: Accumulated amortization	(627		)	—			—			(627		)
Acquired unfavorable lease intangibles, net	$	879		$	—		$	—		$	879



	December 31, 2015
	Aviation Leasing			Jefferson Terminal			Railroad			Total
Intangible assets
Acquired favorable lease intangibles	$	22,881		$	—		$	—		$	22,881
Less: Accumulated amortization	(9,697		)	—			—			(9,697		)
Acquired favorable lease intangibles, net	13,184			—			—			13,184
Customer relationships	—			35,513			225			35,738
Less: Accumulated amortization	—			(4,718		)	(75		)	(4,793		)
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
Less: Accumulated amortization	(151		)	—			—			(151		)
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:



	Classification in Consolidated Statements of Operations	Year Ended December 31,
		2016		2015		2014
Lease intangibles	Equipment leasing revenues	$	4,979	$	6,774	$	2,694
Customer relationships	Depreciation and amortization	3,598		3,585		1,208
Total		$	8,577	$	10,359	$	3,902

Schedule of Net Annual Amortization of Intangibles

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



	Total
2017	$	7,881
2018	7,176
2019	5,569
2020	4,223
2021	3,751
Thereafter	9,475
Total	$	38,075

DEBT, NET (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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



	December 31, 2016			December 31, 2015
Loans payable
Container Loan #1	$	—		$	34,761
Container Loan #2	—			11,338
FTAI Pride Credit Agreement	60,937			67,188
CMQR Credit Agreement	12,625			9,407
Jefferson Terminal Credit Agreement	—			98,750
Total loans payable	73,562			221,444
Bonds payable
Series 2012 Bonds (including unamortized premium of $1,697 and $1,751 at December 31, 2016 and December 31, 2015, respectively)	45,887			47,261
Series 2016 Bonds	144,200			—
Total bonds payable	190,087			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	266,001			271,057
Less: Debt issuance costs	(6,489		)	(4,836		)
Total debt, net	$	259,512		$	266,221

Total debt due within one year	$	8,078		$	24,791

Schedule of Maturities of Long-term Debt

As of December 31, 2016, scheduled principal repayments under the Company’s debt agreements for the next five years and thereafter are summarized as follows:



	2017		2018		2019		2020		2021		Thereafter		Total
FTAI Pride Credit Agreement	$	6,250	$	6,250	$	48,437	$	—	$	—	$	—	$	60,937
CMQR Credit Agreement	—		12,625		—		—		—		—		12,625
Jefferson Bonds Payable (excluding unamortized premium of $1,697)	1,425		1,545		1,670		146,010		1,960		35,780		188,390
Note payable to non-controlling interest	403		403		403		403		740		—		2,352
Total principal payments on loans and bonds payable	8,078		20,823		50,510		146,413		2,700		35,780		264,304

- 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)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis



	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2016		December 31, 2016
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Cash and cash equivalents	$	68,055	$	68,055	$	—	$	—	Market
Restricted cash	65,441		65,441		—		—		Market
Available-for-sale securities	17,630		17,630		—		—		Market
Total	$	151,126	$	151,126	$	—	$	—

	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2015		December 31, 2015
	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 (Tables)

12 Months Ended

Dec. 31, 2016

Revenue Disclosure [Abstract]

Reconciliation of Revenue from Segments to Consolidated

Components of revenue are as follows:



	Year Ended December 31, 2016
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Equipment leasing revenues
Lease income	$	66,024	$	3,712	$	—	$	—	$	—	$	—	$	69,736
Maintenance revenue	28,697		—		—		—		—		—		28,697
Finance lease income	—		1,610		1,113		—		—		—		2,723
Other revenue	687		6		100		—		—		—		793
Total equipment leasing revenues	95,408		5,328		1,213		—		—		—		101,949
Infrastructure revenues
Lease income	—		—		—		—		—		32		32
Rail revenues	—		—		—		—		30,837		—		30,837
Terminal services revenues	—		—		—		15,902		—		—		15,902
Total infrastructure revenues	—		—		—		15,902		30,837		32		46,771
Total revenues	$	95,408	$	5,328	$	1,213	$	15,902	$	30,837	$	32	$	148,720



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Equipment leasing revenues
Lease income	$	42,924	$	21,959	$	—	$	—	$	—	$	—	$	64,883
Maintenance revenue	17,286		—		—		—		—		—		17,286
Finance lease income	—		1,665		7,082		—		—		—		8,747
Other revenue	1,120		607		100		—		—		—		1,827
Total equipment leasing revenues	61,330		24,231		7,182		—		—		—		92,743
Infrastructure revenues
Lease income	—		—		—		4,620		—		—		4,620
Rail revenues	—		—		—		—		25,550		—		25,550
Terminal services revenues	—		—		—		13,655		—		—		13,655
Total infrastructure revenues	—		—		—		18,275		25,550		—		43,825
Total revenues	$	61,330	$	24,231	$	7,182	$	18,275	$	25,550	$	—	$	136,568



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
Revenues	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Equipment leasing revenues
Lease income	$	14,991	$	12,690	$	—	$	—	$	—	$	—	$	27,681
Maintenance revenue	5,964		—		—		—		—		—		5,964
Finance lease income	—		1,716		8,297		—		—		—		10,013
Other revenue	3		224		99		—		—		—		326
Total equipment leasing revenues	20,958		14,630		8,396		—		—		—		43,984
Infrastructure revenues
Lease income	—		—		—		1,325		—		—		1,325
Rail revenues	—		—		—		—		9,969		—		9,969
Terminal services revenues	—		—		—		2,652		—		—		2,652
Total infrastructure revenues	—		—		—		3,977		9,969		—		13,946
Total revenues	$	20,958	$	14,630	$	8,396	$	3,977	$	9,969	$	—	$	57,930

Schedule of Future Minimum Rental Payments for Operating Leases

Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors as of December 31, 2016:



	Total
2017	$	65,301
2018	49,321
2019	30,102
2020	17,778
2021	8,983
Thereafter	2,310
Total	$	173,795

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



2017	$	6,511
2018	5,825
2019	5,407
2020	4,722
2021	3,920
Thereafter	73,279
Total	$	99,664

EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2016

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

Schedule of Stock-based Compensation Arrangements

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



	Year Ended December 31,							Remaining Expense To Be Recognized, If All Vesting Conditions Are Met
	2016			2015		2014
Stock Options	$	—		$	24	$	—	$	—
Restricted Shares	(4,051		)	3,432		1,137		24,703
Common Units	379			1,206		128		89
Total	$	(3,672	)	$	4,662	$	1,265	$	24,792

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Stock Options



Expected volatility	Due to the lack of historical data for the Company’s own stock, the Company has based its expected volatility on a representative peer group with similar business characteristics.	28%
Risk free interest rate	The risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant.	2.4%
Expected dividend yield	The expected dividend yield is based on management’s current expected dividend rate.	6.50%
Expected term	Expected term used represents the period of time the options granted are expected to be outstanding.	5 years



	Options	Weighted-Average Exercise Price (per share)		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Stock options outstanding at January 1, 2016	15,000	$	16.98
Granted	—
Exercised	—
Forfeited and canceled	—
Stock options outstanding and exercisable as of December 31, 2016	15,000	$	16.98	$	—	8.40

Schedule of Restricted Stock Units Activity



	Restricted Shares	Weighted-Average Exercise Price (per share)		Aggregate Value (in thousands)		Weighted Average Remaining Contractual Term (in years)
Restricted shares outstanding at January 1, 2016	1,291,878	$	19.10	$	24,675	1.67
Granted	52,388	17.98		942		4.00
Less: vested	20,939	19.10		400		N/A
Less: forfeited and canceled	20,939	19.10		400		N/A
Restricted shares outstanding and exercisable as of December 31, 2016	1,302,388	$	19.06	$	24,817	0.74

Schedule of Common Stock Unit Activity



	Common Units	Weighted-Average Exercise Price (per share)		Aggregate Value (in thousands)		Weighted Average Remaining Contractual Term (in years)
Common units outstanding at January 1, 2016	733,333	$	1.26	$	924	0.72
Granted	—	—		—		—
Less: vested	650,000	1.25		811		N/A
Less: forfeited and canceled	—	—		—		N/A
Common units outstanding and exercisable as of December 31, 2016	83,333	$	1.34	$	113	0.77

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

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



	Year Ended December 31,
	2016			2015			2014
Current:
Federal	$	355		$	86		$	700
State and local	112			45			15
Foreign	(176		)	222			—
Total current provision	291			353			715

Deferred:
Federal	(50		)	(79		)	158
State and local	6			—			1
Foreign	21			312			—
Total deferred provision	(23		)	233			159

Total provision for income taxes	$	268		$	586		$	874

Schedule of Effective Income Tax Rate Reconciliation

he difference between the Company’s reported provision for income taxes and the U.S. federal statutory rate of 35% is as follows:



	Year Ended December 31,
	2016		2015		2014
U.S. federal tax at statutory rate	35.0	%	35.0	%	35.0	%
Income not subject to tax	7.9	%	25.2	%	(241.2	)%
State and local taxes	(0.2	)%	(0.2	)%	0.4	%
Foreign taxes	0.9	%	(1.9	)%	—	%
Other	(0.7	)%	(0.2	)%	—	%
Change in valuation allowance	(43.6	)%	(60.0	)%	228.8	%
Provision for income taxes	(0.7	)%	(2.1	)%	23.0	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:



	December 31,
	2016			2015
Deferred tax assets:
Net operating loss carryforwards	$	42,337		$	24,234
Accrued expenses	1,642			1,767
Interest expense	8,334			4,038
Other	1,404			2,712
Total deferred tax assets	53,717			32,751
Less valuation allowance	(42,270		)	(24,786		)
Net deferred tax assets	11,447			7,965
Deferred tax liabilities:
Fixed assets	$	11,816		$	8,357
Net deferred tax assets (liabilities)	$	(369	)	$	(392	)

Summary of Valuation Allowance

A summary of the changes in the valuation allowance is as follows:



	December 31,
	2016		2015
Valuation allowance at beginning of period	$	24,786	$	8,675
Increase to valuation allowance attributable to:
Current year loss	17,484		16,111
Valuation allowance at end of period	$	42,270	$	24,786

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

. For the Year Ended December 31, 2016



	Year ended December 31, 2016
	Equipment Leasing								Infrastructure
	Aviation Leasing		Offshore Energy			Shipping Containers			Jefferson Terminal			Railroad		Corporate			Total
Revenues
Equipment leasing revenues	$	95,408	$	5,328		$	1,213		$	—		$	—	$	—		$	101,949
Infrastructure revenues	—		—			—			15,902			30,837		32			46,771
Total revenues	95,408		5,328			1,213			15,902			30,837		32			148,720

Expenses
Operating expenses	4,609		11,014			43			21,886			27,975		642			66,169
General and administrative	—		—			—			—			—		12,314			12,314
Acquisition and transaction expenses	80		—			—			400			—		5,836			6,316
Management fees and incentive allocation to affiliate	—		—			—			—			—		16,742			16,742
Depreciation and amortization	36,369		6,411			—			15,500			1,926		4			60,210
Interest expense	—		3,747			410			13,501			754		545			18,957
Total expenses	41,058		21,172			453			51,287			30,655		36,083			180,708

Other income (expense)
Equity in losses of unconsolidated entities	—		—			(5,974		)	(18		)	—		—			(5,992		)
Gain on sale of equipment and finance leases, net	5,214		—			304			—			423		—			5,941
Loss on extinguishment of debt	—		—			—			(1,579		)	—		—			(1,579		)
Asset impairment	—		(7,450		)	—			—			—		—			(7,450		)
Interest income (expense)	142		13			—			(19		)	—		—			136
Other (expense) income	—		—			—			602			—		—			602
Total other income (expense)	5,356		(7,437		)	(5,670		)	(1,014		)	423		—			(8,342		)
Income (loss) before income taxes	59,706		(23,281		)	(4,910		)	(36,399		)	605		(36,051		)	(40,330		)
Provision (benefit) for income taxes	267		—			(86		)	74			—		13			268
Net income (loss)	59,439		(23,281		)	(4,824		)	(36,473		)	605		(36,064		)	(40,598		)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	435		(4,368		)	—			(16,456		)	23		(168		)	(20,534		)
Net income (loss) attributable to shareholders	$	59,004	$	(18,913	)	$	(4,824	)	$	(20,017	)	$	582	$	(35,896	)	$	(20,064	)

II. For the Year Ended December 31, 2015



	Year Ended December 31, 2015
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing revenues	$	61,330	$	24,231	$	7,182		$	—		$	—		$	—		$	92,743
Infrastructure revenues	—		—		—			18,275			25,550			—			43,825
Total revenues	61,330		24,231		7,182			18,275			25,550			—			136,568

Expenses
Operating expenses	2,820		4,650		350			33,154			27,819			—			68,793
General and administrative	—		—		—			—			—			7,568			7,568
Acquisition and transaction expenses	—		—		—			—			—			5,683			5,683
Management fees and incentive allocation to affiliate	—		—		—			—			—			15,018			15,018
Depreciation and amortization	23,549		5,967		—			13,897			1,895			—			45,308
Interest expense	—		3,794		2,393			12,546			578			—			19,311
Total expenses	26,369		14,411		2,743			59,597			30,292			28,269			161,681

Other income (expense)
Equity in losses of unconsolidated entities	—		—		(6,956		)	—			—			—			(6,956		)
Gain (loss) on sale of equipment and finance leases, net	3,053		—		—			(199		)	565			—			3,419
Loss on extinguishment of debt	—		—		—			—			—			—			—
Asset impairment	—		—		—			—			—			—			—
Interest income (expense)	11		483		—			85			—			—			579
Other (expense) income	—		—		(14		)	40			—			—			26
Total other income (expense)	3,064		483		(6,970		)	(74		)	565			—			(2,932		)
Income (loss) before income taxes	38,025		10,303		(2,531		)	(41,396		)	(4,177		)	(28,269		)	(28,045		)
Provision (benefit) for income taxes	668		—		(127		)	41			—			4			586
Net income (loss)	37,357		10,303		(2,404		)	(41,437		)	(4,177		)	(28,273		)	(28,631		)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	21		676		—			(17,376		)	(121		)	(5		)	(16,805		)
Net income (loss) attributable to shareholders	$	37,336	$	9,627	$	(2,404	)	$	(24,061	)	$	(4,056	)	$	(28,268	)	$	(11,826	)

Reconciliation of Operating Profit (Loss) from Segments to Consolidated



	Year Ended December 31, 2014
	Equipment Leasing							Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers			Jefferson Terminal			Railroad			Corporate			Total
Revenues
Equipment leasing revenues	$	20,958	$	14,630	$	8,396		$	—		$	—		$	—		$	43,984
Infrastructure revenues	—		—		—			3,977			9,969			—			13,946
Total revenues	20,958		14,630		8,396			3,977			9,969			—			57,930

Expenses
Operating expenses	1,713		1,054		257			9,095			15,104			—			27,223
General and administrative	—		—		—			—			—			2,007			2,007
Acquisition and transaction expenses	—		—		—			5,494			5,646			310			11,450
Management fees and incentive allocation to affiliate	—		—		—			—			—			5,463			5,463
Depreciation and amortization	9,445		2,801		—			2,763			989			—			15,998
Interest expense	—		1,248		2,840			1,552			187			45			5,872
Total expenses	11,158		5,103		3,097			18,904			21,926			7,825			68,013

Other income (expense)
Equity in earnings of unconsolidated entities	—		—		6,093			—			—			—			6,093
Gain on sale of equipment and finance leases, net	7,576		—		—			—			—			—			7,576
Loss on extinguishment of debt	—		—		—			—			—			—			—
Asset impairment	—		—		—			—			—			—			—
Interest income	26		160		—			—			—			—			186
Other (expense) income	—		—		(26		)	46			—			—			20
Total other income (expense)	7,602		160		6,067			46			—			—			13,875
Income (loss) before income taxes	17,402		9,687		11,366			(14,881		)	(11,957		)	(7,825		)	3,792
Provision (benefit) for income taxes	490		—		100			284			—			—			874
Net income (loss)	16,912		9,687		11,266			(15,165		)	(11,957		)	(7,825		)	2,918
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	—		704		—			(5,566		)	—			—			(4,862		)
Net income (loss) attributable to shareholders	$	16,912	$	8,983	$	11,266		$	(9,599	)	$	(11,957	)	$	(7,825	)	$	7,780

The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders:



	Year ended December 31, 2016
	Equipment Leasing								Infrastructure
	Aviation Leasing		Offshore Energy			Shipping Containers			Jefferson Terminal			Railroad		Corporate			Total
Adjusted Net Income (Loss)	$	58,768	$	(15,188	)	$	(1,838	)	$	(21,249	)	$	941	$	(30,066	)	$	(8,632	)
Add: Non-controlling share of adjustments to Adjusted Net Income																	2,945
Add: Equity in losses of unconsolidated entities																	(5,992		)
Add: Cash payments for income taxes																	654
Less: Incentive allocations																	—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																	2,905
Less: Asset impairment charges																	(7,450		)
Less: Changes in fair value of non-hedge derivative instruments																	(3		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																	(1,579		)
Less: Acquisition and transaction expenses																	(6,316		)
Less: Equity-based compensation income																	3,672
Less: Provision for income taxes																	(268		)
Net loss attributable to shareholders																	$	(20,064	)

The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	37,777	$	9,627	$	7,991	$	(22,153	)	$	(2,898	)	$	(22,557	)	$	7,787
Add: Non-controlling share of adjustments to Adjusted Net Income																1,333
Add: Equity in losses of unconsolidated entities																(6,956		)
Add: Cash payments for income taxes																507
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(3,552		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(14		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(5,683		)
Less: Equity-based compensation expense																(4,662		)
Less: Provision for income taxes																(586		)
Net loss attributable to shareholders																$	(11,826	)

The following table sets forth a reconciliation of Adjusted Net Income (Loss) to net loss attributable to shareholders:



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal			Railroad			Corporate			Total
Adjusted Net Income (Loss)	$	17,136	$	8,976	$	11,453	$	(3,209	)	$	(6,183	)	$	(7,516	)	$	20,657
Add: Non-controlling share of adjustments to Adjusted Net Income																525
Add: Equity in earnings of unconsolidated entities																6,093
Add: Cash payments for income taxes																274
Less: Incentive allocations																—
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities																(6,155		)
Less: Asset impairment charges																—
Less: Changes in fair value of non-hedge derivative instruments																(25		)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																—
Less: Acquisition and transaction expenses																(11,450		)
Less: Equity-based compensation expense																(1,265		)
Less: Provision for income taxes																(874		)
Net loss attributable to shareholders																$	7,780

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:



	Year Ended December 31, 2015
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	10,969	$	—	$	—	$	—	$	—	$	—	$	10,969
Asia	27,168		7,483		5,309		—		—		—		39,960
Europe	20,008		15,071		—		—		—		—		35,079
North America	2,304		1,677		1,873		18,275		25,550		—		49,679
South America	881		—		—		—		—		—		881
Total revenues	$	61,330	$	24,231	$	7,182	$	18,275	$	25,550	$	—	$	136,568

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



	Year Ended December 31, 2014
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	7,818	$	—	$	—	$	—	$	—	$	—	$	7,818
Asia	3,246		7,483		6,024		—		—		—		16,753
Europe	8,240		5,432		—		—		—		—		13,672
North America	1,561		1,715		2,372		3,977		9,969		—		19,594
South America	93		—		—		—		—		—		93
Total revenues	$	20,958	$	14,630	$	8,396	$	3,977	$	9,969	$	—	$	57,930

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



	Year ended December 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Revenues
Africa	$	12,344	$	—	$	—	$	—	$	—	$	—	$	12,344
Asia	42,999		3,470		885		—		—		—		47,354
Europe	30,508		248		—		—		—		—		30,756
North America	8,184		1,610		328		15,902		30,837		32		56,893
South America	1,373		—		—		—		—		—		1,373
Total revenues	$	95,408	$	5,328	$	1,213	$	15,902	$	30,837	$	32	$	148,720

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated



	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	—		68,675		45,779		142,835		8,932		—		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



	December 31, 2016
	Equipment Leasing						Infrastructure
	Aviation Leasing		Offshore Energy		Shipping Containers		Jefferson Terminal		Railroad		Corporate		Total
Total assets	$	625,680	$	220,544	$	4,333	$	534,638	$	40,428	$	121,689	$	1,547,312

Debt, net	—		62,655		—		184,702		12,155		—		259,512

Total liabilities	74,989		66,002		—		205,536		24,971		10,134		381,632

Non-controlling interests in equity of consolidated subsidiaries	1,334		3,325		—		104,087		2,114		1,008		111,868

Total equity	550,691		154,542		4,333		329,102		15,457		111,555		1,165,680

Total liabilities and equity	$	625,680	$	220,544	$	4,333	$	534,638	$	40,428	$	121,689	$	1,547,312

Long-lived Assets by Geographic Areas



	December 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	$	51,136	$	—	$	—	$	—	$	—	$	—	$	51,136
Asia	212,635		169,499		—		—		—		—		382,134
Europe	225,934		—		—		—		—		—		225,934
North America	56,456		—		—		319,503		29,866		44,486		450,311
South America	8,121		—		—		—		—		—		8,121
Total property, plant and equipment and leasing equipment, net	$	554,282	$	169,499	$	—	$	319,503	$	29,866	$	44,486	$	1,117,636



	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)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted EPS is presented below.



	Year Ended December 31,
(in thousands, except share and per share data)	2016			2015			2014
Net (loss) income attributable to shareholders	$	(20,064	)	$	(11,826	)	$	7,780
Weighted Average Shares Outstanding - Basic	75,738,698			67,039,439			53,502,873
Weighted Average Shares Outstanding - Diluted	75,738,698			67,039,439			53,502,873

Basic and Diluted EPS	$	(0.26	)	$	(0.18	)	$	0.15

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors as of December 31, 2016:



	Total
2017	$	65,301
2018	49,321
2019	30,102
2020	17,778
2021	8,983
Thereafter	2,310
Total	$	173,795

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



2017	$	6,511
2018	5,825
2019	5,407
2020	4,722
2021	3,920
Thereafter	73,279
Total	$	99,664

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following table unaudited summary information of the Company's quarterly operations.



	2016
	Quarter Ended												Year Ended December 31
(in thousands except share and per share data)	March 31			June 30			September 30			December 31			Year Ended December 31
Total revenues	$	31,453		$	33,195		$	41,726		$	42,346		$	148,720
Total expenses	40,873			46,839			46,859			46,137			180,708
Total other income (expense)	277			(6,234		)	(430		)	(1,955		)	(8,342		)
Loss before income taxes	(9,143		)	(19,878		)	(5,563		)	(5,746		)	(40,330		)
Provision (benefit) for income taxes	(66		)	178			83			73			268
Net loss	(9,077		)	(20,056		)	(5,646		)	(5,819		)	(40,598		)
Net loss attributable to non-controlling interests in consolidated subsidiaries	(3,295		)	(8,863		)	(4,370		)	(4,006		)	(20,534		)
Net loss attributable to shareholders	$	(5,782	)	$	(11,193	)	$	(1,276	)	$	(1,813	)	$	(20,064	)

Loss per Share:
Basic	$	(0.08	)	$	(0.15	)	$	(0.02	)	$	(0.02	)	$	(0.26	)
Diluted	$	(0.08	)	$	(0.15	)	$	(0.02	)	$	(0.02	)	$	(0.26	)
Weighted Average Shares Outstanding:
Basic	75,727,369			75,730,165			75,746,200			75,750,943			75,738,698
Diluted	75,727,369			75,730,165			75,746,200			75,750,943			75,738,698



	2015
	Quarter Ended												Year Ended December 31
(in thousands except share and per share data)	March 31			June 30			September 30			December 31			Year Ended December 31
Total revenues	$	33,973		$	33,564		$	35,233		$	33,798		$	136,568
Total expenses	33,226			40,194			43,475			44,786			161,681
Total other income (expense)	1,425			1,626			(7,664		)	1,681			(2,932		)
Income (loss) before income taxes	2,172			(5,004		)	(15,906		)	(9,307		)	(28,045		)
Provision (benefit) for income taxes	230			266			150			(60		)	586
Net income (loss)	1,942			(5,270		)	(16,056		)	(9,247		)	(28,631		)
Net loss attributable to non-controlling interests in consolidated subsidiaries	(3,506		)	(4,433		)	(4,318		)	(4,548		)	(16,805		)
Net income (loss) attributable to shareholders	$	5,448		$	(837	)	$	(11,738	)	$	(4,699	)	$	(11,826	)

Earnings (Loss) per Share:
Basic	$	0.10		$	(0.01	)	$	(0.16	)	$	(0.06	)	$	(0.18	)
Diluted	$	0.10		$	(0.01	)	$	(0.16	)	$	(0.06	)	$	(0.18	)
Weighted Average Shares Outstanding:
Basic	53,502,873			62,879,023			75,718,183			75,718,183			67,039,439
Diluted	53,502,873			62,879,023			75,718,183			75,718,183			67,039,439

ORGANIZATION (Details)			1 Months Ended	12 Months Ended
ORGANIZATION (Details)	Jun. 15, 2015 shares	May 20, 2015 $ / shares shares	May 31, 2015 shares	Dec. 31, 2016 segment	Dec. 31, 2014
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Number of reportable segments \| segment				5
Number of primary businesses \| segment				2
Stock Issued During Period, Shares, New Issues			53,502,873
Fortress Worldwide Transportation and Infrastructure Investors LP
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest					89.97%
Fortress Worldwide Transportation and Infrastructure Offshore LP
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest					9.98%
Fortress Worldwide Transportation and Infrastructure Master GP LLP
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest					0.05%
IPO
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Stock Issued During Period, Shares, New Issues		20,000,000
Shares Issued, Price Per Share \| $ / shares		$ 17.00
Over-Allotment Option
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Stock Issued During Period, Shares, New Issues	2,200,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)		3 Months Ended			12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jul. 01, 2016 USD ($)	Dec. 31, 2016 USD ($) derivative_instrument $ / shares	Sep. 30, 2016 USD ($)	Dec. 31, 2015 USD ($) $ / shares	Dec. 31, 2016 USD ($) customer derivative_instrument $ / shares	Dec. 31, 2015 USD ($) customer $ / shares	Dec. 31, 2014 USD ($) customer
Variable Interest Entities [Abstract]
Restricted cash		$ 65,441,000		$ 21,610,000	$ 65,441,000	$ 21,610,000
Provision for doubtful accounts		$ 418,000		$ 392,000	418,000	392,000
Bad debt expense					$ 158,000	$ 676,000	$ 281,000
Common stock dividends declared (in dollars per share) \| $ / shares		$ 0.33		$ 0.33	$ 1.32	$ 0.48
Ownership of other party, percentage					10.00%
Carrying value of investment		$ 39,978,000		$ 10,675,000	$ 39,978,000	$ 10,675,000
Interest Paid, Capitalized					2,721,000	2,128,000	3,534,000
Cost of Property Repairs and Maintenance					3,659,000	3,643,000	235,000
Goodwill		116,584,000		116,584,000	116,584,000	116,584,000
Debt Issuance Cost		(6,489,000)		(4,836,000)	(6,489,000)	(4,836,000)
Amortization					2,576,000	1,469,000	$ 576,000
Other Assets
Variable Interest Entities [Abstract]
Accounts and Notes Receivable, Net		22,469,000		19,468,000	22,469,000	19,468,000
Leasing Equipment, Purchase Deposits		13,701,000		7,450,000	13,701,000	7,450,000
Capitalized Costs, Potential Asset Acquisitions		2,116,000		5,473,000	2,116,000	5,473,000
Prepaid Expense		3,440,000		1,818,000	3,440,000	1,818,000
Other Receivables		$ 21,501,000		0	$ 21,501,000	$ 0
Designated as Hedging Instrument
Variable Interest Entities [Abstract]
Number of derivatives \| derivative_instrument		1			1
Not Designated as Hedging Instrument
Variable Interest Entities [Abstract]
Number of derivatives \| derivative_instrument		1			1
Two Major Accounts Receivable Customers \| Customer Concentration Risk \| Accounts Receivable \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy
Variable Interest Entities [Abstract]
Number of lessees \| customer					2	2
Customer Group Two \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments
Variable Interest Entities [Abstract]
Number of lessees \| customer							1
Customer Group Two \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Offshore Energy and Jefferson Terminal
Variable Interest Entities [Abstract]
Concentration risk percentage					10.00%
Number of lessees \| customer					1
Customer Group One \| Customer Concentration Risk \| Sales Revenue, Segment \| Reportable Subsegments \| Equipment Leasing \| Operating Segments \| Aviation Leasing, Shipping Containers and Offshore Energy
Variable Interest Entities [Abstract]
Concentration risk percentage						21.00%	39.00%
Major Accounts Receivable Customer, Customer One \| Customer Concentration Risk \| Accounts Receivable
Variable Interest Entities [Abstract]
Concentration risk percentage					22.00%	27.00%
Major Accounts Receivable Customer, Customer Two \| Customer Concentration Risk \| Accounts Receivable
Variable Interest Entities [Abstract]
Concentration risk percentage					18.00%	25.00%
Subsidiary \| Co-venturer
Variable Interest Entities [Abstract]
Subsidiary loan to VIE partner for equity contribution		$ 3,725,000			$ 3,725,000
Delaware River Partners LLC
Variable Interest Entities [Abstract]
Ownership of other party, percentage	2.00%
Delaware River Partners LLC \| Co-venturer
Variable Interest Entities [Abstract]
Contribution Amount, Investment	$ 641,000
Noncontrolling Party [Member]
Variable Interest Entities [Abstract]
Ownership of other party, percentage					8.00%
Variable Interest Entity, Primary Beneficiary \| MT6015
Variable Interest Entities [Abstract]
Vessel purchase commitment					$ 75,000,000
Total assets				7,533,000		$ 7,533,000
Impairment charges on investments					$ 7,450,000
Variable Interest Entity, Primary Beneficiary \| Subsidiary
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage					50.00%
Variable Interest Entity, Primary Beneficiary \| Delaware River Partners LLC
Variable Interest Entities [Abstract]
Ownership percentage		90.00%			90.00%
JGP Energy Partners LLC
Variable Interest Entities [Abstract]
Interest held in VIE, as a percentage					50.00%
Ownership of other party, percentage			50.00%
Carrying value of investment		$ 3,266,000		$ 0	$ 3,266,000	$ 0
Ownership percentage		50.00%			50.00%
Equity Method Investment Contribution Amount					$ 54,000,000
JGP Energy Partners LLC \| FIG
Variable Interest Entities [Abstract]
Equity Method Investment Contribution Amount					$ 27,000,000
Repauno
Variable Interest Entities [Abstract]
Payment Obligation, Noncontrolling Interest			$ 5,321,000
Drydockings [Member] \| Minimum
Variable Interest Entities [Abstract]
Useful life					30 months
Drydockings [Member] \| Maximum
Variable Interest Entities [Abstract]
Useful life					60 months
Customer relationships \| Minimum
Variable Interest Entities [Abstract]
Finite-Lived Intangible Asset, Useful Life						5 years
Customer relationships \| Maximum
Variable Interest Entities [Abstract]
Finite-Lived Intangible Asset, Useful Life						10 years
Acquired Leases [Member] \| Minimum
Variable Interest Entities [Abstract]
Finite-Lived Intangible Asset, Useful Life					2 months
Acquired Leases [Member] \| Maximum
Variable Interest Entities [Abstract]
Finite-Lived Intangible Asset, Useful Life					54 months

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Useful Lives)	12 Months Ended
	Dec. 31, 2016
Aircraft
Property, Plant and Equipment [Line Items]
Useful life	25 years
Aircraft engines \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Aircraft engines \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	6 years
Offshore energy vessels
Property, Plant and Equipment [Line Items]
Useful life	25 years
Railcars and locomotives \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	40 years
Railcars and locomotives \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	50 years
Track and track related assets \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Track and track related assets \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	50 years
Buildings and site improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	20 years
Buildings and site improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	30 years
Railroad equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Railroad equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Crude oil terminal machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Crude oil terminal machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	25 years
Vehicles \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Vehicles \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	7 years
Furniture and fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Furniture and fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	6 years
Computer hardware and software \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Computer hardware and software \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years

ACQUISITIONS - Jefferson Terminal Additional Information (Details) - USD ($)		12 Months Ended
	Aug. 27, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Transaction related costs		$ 6,316,000	$ 5,683,000	$ 11,450,000
Jefferson Terminal
Business Acquisition [Line Items]
Aggregate purchase price	$ 608,300,000
Assumed liabilities	(522,522,000)
Equity consideration	38,200,000
Percent interest acquired			60.00%
Remaining non-controlling interest			40.00%
Loan obtained through acquisition	100,000,000
Decrease in assumed fixed assets			$ 947,000
Increase of assumed intangible assets			128,000
Increase of assumed goodwill			1,358,000
Increase in assumed accounts payable and accrued liabilities			390,000
Measurement period adjustments for goodwill and estimated liabilities assumed			$ 149,000
Jefferson Terminal \| Retaining Shareholders
Business Acquisition [Line Items]
Remaining non-controlling interest			20.00%
Jefferson Terminal \| Subsidiary
Business Acquisition [Line Items]
Long-term debt	$ 97,600,000
Goodwill expected to be tax-deductible			$ 45,000,000

ACQUISITIONS - CMQR Additional Information (Details) $ in Thousands	2 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($) mi	Dec. 31, 2014 USD ($)
Business Acquisition [Line Items]
Acquisition and transaction expenses			$ 6,316	$ 5,683	$ 11,450
Track and track related assets \| Minimum
Business Acquisition [Line Items]
Useful life			15 years
Track and track related assets \| Maximum
Business Acquisition [Line Items]
Useful life			50 years
Railroad equipment \| Minimum
Business Acquisition [Line Items]
Useful life			3 years
Railroad equipment \| Maximum
Business Acquisition [Line Items]
Useful life			15 years
Vehicles \| Minimum
Business Acquisition [Line Items]
Useful life			5 years
Vehicles \| Maximum
Business Acquisition [Line Items]
Useful life			7 years
Railcars and locomotives \| Minimum
Business Acquisition [Line Items]
Useful life			40 years
Railcars and locomotives \| Maximum
Business Acquisition [Line Items]
Useful life			50 years
CMQR
Business Acquisition [Line Items]
Aggregate purchase price	$ 15,200
Assumed liabilities	$ (3,166)
Miles of rail track \| mi				500,000
Increase in assumed fixed assets		$ 679
Increase to assumed employee liabilities		232
Increase to assumed environmental liabilities		680
Increase of assumed goodwill		233
Increase in depreciation expense		30
CMQR \| Operating Expense
Business Acquisition [Line Items]
Acquisition and transaction expenses		$ 392
CMQR \| Building
Business Acquisition [Line Items]
Useful life				4 years
CMQR \| Track and track related assets \| Minimum
Business Acquisition [Line Items]
Useful life				2 years
CMQR \| Track and track related assets \| Maximum
Business Acquisition [Line Items]
Useful life				5 years
CMQR \| Railroad equipment \| Minimum
Business Acquisition [Line Items]
Useful life				4 years
CMQR \| Railroad equipment \| Maximum
Business Acquisition [Line Items]
Useful life				6 years
CMQR \| Vehicles
Business Acquisition [Line Items]
Useful life				2 years
CMQR \| Railcars and locomotives
Business Acquisition [Line Items]
Useful life				5 years

ACQUISITIONS - Fair Values Assigned to Acquired Assets and Assumed Liabilities (Details) - USD ($) $ in Thousands		2 Months Ended	12 Months Ended
	Aug. 27, 2014	Jun. 30, 2014	Dec. 31, 2014
CMQR
Assets:
Restricted cash		$ 0
Construction in progress		0
Prepaids and other deposits		103
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Tendered Bonds		0
Customer lists and customer contracts		225
Goodwill additions		593	$ 593
Total assets		15,224
Liabilities:
Employee-related liabilities		(1,119)
Environmental remediation liabilities		(1,333)
Real estate taxes		(714)
Accrued expenses		0
Other liabilities		0
Total liabilities		(3,166)
Net assets acquired		12,058
CMQR \| Term loan
Liabilities:
Long-term debt		0
CMQR \| Bonds payable
Liabilities:
Long-term debt		0
CMQR \| Note payable
Liabilities:
Long-term debt		0
CMQR \| Land, site improvements and rights
Assets:
Property, plant and equipment		5,484
CMQR \| Track
Assets:
Property, plant and equipment		4,952
CMQR \| Buildings and improvements
Assets:
Property, plant and equipment		136
CMQR \| Crude oil terminal machinery and equipment
Assets:
Property, plant and equipment		0
CMQR \| Railroad equipment
Assets:
Property, plant and equipment		713
CMQR \| Furniture and fixtures
Assets:
Property, plant and equipment		0
CMQR \| Computer hardware and software
Assets:
Property, plant and equipment		0
CMQR \| Turnout and other track materials
Assets:
Property, plant and equipment		1,415
CMQR \| Vehicles
Assets:
Property, plant and equipment		320
CMQR \| Railcars and locomotives
Assets:
Property, plant and equipment		$ 1,283
Jefferson Terminal
Assets:
Restricted cash	$ 190,811
Construction in progress	85,276
Prepaids and other deposits	6,102
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Tendered Bonds	115,000
Customer lists and customer contracts	35,513
Goodwill additions	115,991		$ 115,991
Total assets	608,300
Liabilities:
Employee-related liabilities	0
Environmental remediation liabilities	0
Real estate taxes	0
Accrued expenses	(56,540)
Other liabilities	(1,902)
Total liabilities	(522,522)
Net assets acquired	85,778
Jefferson Terminal \| Term loan
Liabilities:
Long-term debt	(93,995)
Jefferson Terminal \| Bonds payable
Liabilities:
Long-term debt	(348,788)
Jefferson Terminal \| Note payable
Liabilities:
Long-term debt	(21,297)
Jefferson Terminal \| Land, site improvements and rights
Assets:
Property, plant and equipment	9,573
Jefferson Terminal \| Buildings and improvements
Assets:
Property, plant and equipment	2,139
Jefferson Terminal \| Crude oil terminal machinery and equipment
Assets:
Property, plant and equipment	47,286
Jefferson Terminal \| Furniture and fixtures
Assets:
Property, plant and equipment	317
Jefferson Terminal \| Computer hardware and software
Assets:
Property, plant and equipment	34
Jefferson Terminal \| Vehicles
Assets:
Property, plant and equipment	$ 258

ACQUISITIONS - Supplemental Pro Forma, Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Revenues	$ 42,346	$ 41,726	$ 33,195	$ 31,453	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 148,720	$ 136,568	$ 57,930
Loss before income taxes	$ (5,746)	$ (5,563)	$ (19,878)	$ (9,143)	$ (9,307)	$ (15,906)	$ (5,004)	$ 2,172	(40,330)	(28,045)	3,792
Acquisition and transaction expenses									$ 6,316	$ 5,683	11,450
CMQR
Business Acquisition [Line Items]
Revenues											9,969
Loss before income taxes											(11,957)
CMQR \| Acquisition and Transaction Expenses
Business Acquisition [Line Items]
Revenues											63,528
Loss before income taxes											1,497
Acquisition and transaction expenses											5,646
Jefferson Terminal
Business Acquisition [Line Items]
Revenues											2,652
Loss before income taxes											(15,768)
Jefferson Terminal \| Acquisition and Transaction Expenses
Business Acquisition [Line Items]
Revenues											60,577
Loss before income taxes											(46,906)
Acquisition and transaction expenses											$ 5,494

ACQUISITIONS - Supplemental Pro Forma Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Revenues	$ 42,346	$ 41,726	$ 33,195	$ 31,453	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 148,720	$ 136,568	$ 57,930
Pre-tax net income (loss)	$ (5,746)	$ (5,563)	$ (19,878)	$ (9,143)	$ (9,307)	$ (15,906)	$ (5,004)	$ 2,172	$ (40,330)	$ (28,045)	3,792
CMQR
Business Acquisition [Line Items]
Revenues											9,969
Pre-tax net income (loss)											(11,957)
Jefferson Terminal
Business Acquisition [Line Items]
Revenues											2,652
Pre-tax net income (loss)											(15,768)
Acquisition and Transaction Expenses \| CMQR
Business Acquisition [Line Items]
Revenues											63,528
Pre-tax net income (loss)											1,497
Acquisition and Transaction Expenses \| Jefferson Terminal
Business Acquisition [Line Items]
Revenues											60,577
Pre-tax net income (loss)											$ (46,906)

LEASING EQUIPMENT, NET (Details) $ in Thousands	12 Months Ended
LEASING EQUIPMENT, NET (Details) $ in Thousands	Dec. 31, 2016 USD ($) aircraft commercial_jet_engine	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Leases [Abstract]
Leasing equipment	$ 849,565	$ 681,212
Less: Accumulated depreciation	(84,110)	(44,531)
Leasing equipment, net	$ 765,455	636,681
Number of aircraft acquired \| aircraft	9
Commercial jet engines acquired \| commercial_jet_engine	28
Number of airfcraft sold	1
Commercial jet engines sold \| commercial_jet_engine	4
Depreciation	$ 43,886	$ 30,624	$ 12,683

FINANCE LEASES, NET - Summary (Details) shipping_container in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016 shipping_container	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Leases [Abstract]
Finance leases		$ 18,022	$ 102,369
Unearned revenue		(8,305)	(19,848)
Finance leases, net		$ 9,717	$ 82,521
Number of shipping containers that were subject to direct finance leases for a modest gain. \| shipping_container	42

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 375,350	$ 310,064
Less: Accumulated depreciation	(26,002)	(13,215)
Property, plant and equipment, net	352,181	299,678
Land, site improvements and rights
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	57,617	19,492
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	49,605	55,927
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,750	2,750
Crude oil terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	236,652	210,857
Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	22,948	17,159
Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,091	1,050
Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,909	1,720
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	388	152
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	405	410
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	985	547
Spare parts
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,833	$ 2,829

FINANCE LEASES, NET - Future Minimum Payments Receivable (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Leases [Abstract]
2017	$ 2,008
2018	2,008
2019	2,008
2020	2,013
2021	2,008
Thereafter	7,977
Total	$ 18,022

PROPERTY, PLANT AND EQUIPMENT, NET - Additional Information (Details) - USD ($) $ in Thousands		12 Months Ended
	Jul. 01, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired		$ 65,780
Depreciation expense		12,726	$ 11,099	$ 2,107
Repauno
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired	$ 24,000
Acquisition Costs, Period Cost	$ 13,991
Payment Obligation, Noncontrolling Interest					$ 5,321
Railroad equipment
Property, Plant and Equipment [Line Items]
Disposals of railroad equipment		$ 490	$ 893

INVESTMENTS (Ownership Carrying Values) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 39,978	$ 10,675
Listed securities
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 17,630	0
Ownership Percentage	7.00%
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 15,000	0
Ownership Percentage	25.00%
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 3,266	0
Ownership Percentage	50.00%
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 4,082	$ 10,675
Ownership Percentage	51.00%

INVESTMENTS (Narrative) (Details) shipping_container in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) shipping_container customer	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Change in fair value of available-for-sale securities	$ 7,130	$ 0	$ 0
Carrying value of investment	39,978	10,675
Equity in (losses) earnings of unconsolidated entities	(5,992)	(6,956)	6,093
Listed securities
Schedule of Equity Method Investments [Line Items]
Available-for-sale Securities, Current	$ 10,500
Ownership percentage	7.00%
Carrying value of investment	$ 17,630	0
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage	51.00%
Number of customers \| customer	5
Tangible Asset Impairment Charges	$ 6,016	20,604
Carrying value of investment	4,082	10,675
Equity Method Investment, Other than Temporary Impairment	3,068	10,508
Equity in (losses) earnings of unconsolidated entities	$ (5,974)	(6,956)	$ 6,093
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Ownership percentage	25.00%
Carrying value of investment	$ 15,000	0
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50.00%
Carrying value of investment	$ 3,266	$ 0
Equity in (losses) earnings of unconsolidated entities	$ 18
Containers \| Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Number of shipping containers \| shipping_container	52
Shipping Containers Subject to Multiple Operating Leases \| Containers \| Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Shipping containers subject to multiple operating leases \| shipping_container	24
FIG \| Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage				51.00%
Equity Investor \| Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage				49.00%
Estimate of Fair Value Measurement [Member] \| Listed securities
Schedule of Equity Method Investments [Line Items]
Available-for-sale Securities, Current	$ 17,630

INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Intangible assets:
Total intangible assets, net	$ 38,954	$ 44,129
Intangible liabilities:
Acquired unfavorable lease intangibles	1,506	1,171
Less: Accumulated amortization	(627)	(151)
Acquired unfavorable lease intangibles, net	879	1,020
Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	26,605	22,881
Accumulated amortization	(14,998)	(9,697)
Total	11,607	13,184
Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,738	35,738
Accumulated amortization	(8,391)	(4,793)
Total	27,347	30,945
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing
Intangible assets:
Total intangible assets, net	11,607	13,184
Intangible liabilities:
Acquired unfavorable lease intangibles	1,506	1,171
Less: Accumulated amortization	(627)	(151)
Acquired unfavorable lease intangibles, net	879	1,020
Reportable Subsegments \| Operating Segments \| Equipment Leasing \| Aviation Leasing \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	26,605	22,881
Accumulated amortization	(14,998)	(9,697)
Total	11,607	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	27,242	30,795
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Jefferson Terminal \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Jefferson Terminal \| Customer relationships
Intangible assets:
Acquired finite-lived intangibles	35,513	35,513
Accumulated amortization	(8,271)	(4,718)
Total	27,242	30,795
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad
Intangible assets:
Total intangible assets, net	105	150
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad \| Off-Market Favorable Lease
Intangible assets:
Acquired finite-lived intangibles	0	0
Accumulated amortization	0	0
Total	0	0
Reportable Subsegments \| Operating Segments \| Infrastructure \| Railroad \| Customer relationships
Intangible assets:
Acquired finite-lived intangibles	225	225
Accumulated amortization	(120)	(75)
Total	$ 105	$ 150

INTANGIBLE ASSETS AND LIABILITIES, NET - Intangible Liabilities Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets and liabilities	$ 8,577	$ 10,359	$ 3,902
Equipment leasing revenues \| Lease intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization of lease intangible assets and liabilities	4,979	6,774	2,694
Depreciation and amortization \| Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 3,598	$ 3,585	$ 1,208

INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2017	$ 7,881
2018	7,176
2019	5,569
2020	4,223
2021	3,751
Thereafter	9,475
Total	$ 38,075

DEBT, NET (Schedule of Debt) (Details)				1 Months Ended	3 Months Ended			12 Months Ended
DEBT, NET (Schedule of Debt) (Details)	Sep. 18, 2014 USD ($)	Sep. 15, 2014 USD ($)	Aug. 01, 2012 USD ($)	May 31, 2013 USD ($)	Dec. 31, 2016 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Mar. 28, 2016 USD ($)	Mar. 07, 2016 USD ($)	Aug. 27, 2014 USD ($)	Sep. 20, 2013	Aug. 15, 2013 USD ($)	Dec. 27, 2012 USD ($)
Debt Instrument [Line Items]
Total debt, net					$ 259,512,000		$ 266,221,000	$ 259,512,000	$ 266,221,000
Long-term Debt, Gross					266,001,000		271,057,000	266,001,000	271,057,000
Debt Issuance Cost					(6,489,000)		(4,836,000)	(6,489,000)	(4,836,000)
Total debt due within one year					8,078,000		24,791,000	8,078,000	24,791,000
Loss on extinguishment of debt								(1,579,000)	0	$ 0
FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Total debt, net					60,937,000			60,937,000
CMQR Credit Agreement
Debt Instrument [Line Items]
Total debt, net					12,625,000			12,625,000
Note payable to non-controlling interest
Debt Instrument [Line Items]
Total debt, net					2,352,000			2,352,000
Loans Payable
Debt Instrument [Line Items]
Total debt, net					73,562,000		221,444,000	73,562,000	221,444,000
Loans Payable \| Container Loan 1
Debt Instrument [Line Items]
Total debt, net					0		34,761,000	0	34,761,000
Loans Payable \| Container Loan 2
Debt Instrument [Line Items]
Total debt, net					0		11,338,000	0	11,338,000
Loans Payable \| FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Total debt, net					60,937,000		67,188,000	60,937,000	67,188,000
Loans Payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Total debt, net					12,625,000		9,407,000	12,625,000	9,407,000
Debt, face amount	$ 10,000,000										$ 20,000,000
Debt Instrument, Callable Debt						$ 29,000,000
Loans Payable \| Jefferson Terminal Credit Agreement
Debt Instrument [Line Items]
Total debt, net					0		98,750,000	0	98,750,000
Loss on extinguishment of debt								1,579,000
Bonds payable
Debt Instrument [Line Items]
Total debt, net					190,087,000		47,261,000	190,087,000	47,261,000
Bonds payable \| Series 2012 Bonds
Debt Instrument [Line Items]
Unamortized premium					1,697,000		1,751,000	1,697,000	1,751,000
Total debt, net					45,887,000		47,261,000	45,887,000	47,261,000
Debt Instrument, Covenant, Service Coverage Ratio										1.25
Bonds payable \| Dock and Wharf Facility Revenue Bonds, Series 2016
Debt Instrument [Line Items]
Long-term Debt, Gross					144,200,000		0	144,200,000	0
Debt, face amount												$ 144,200,000
Note payable to non-controlling interest
Debt Instrument [Line Items]
Total debt, net					2,352,000		2,352,000	2,352,000	2,352,000
Note payable to non-controlling interest \| Note payable to non-controlling interest
Debt Instrument [Line Items]
Total debt, net					2,352,000		2,352,000	$ 2,352,000	$ 2,352,000
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest				85.00%
Non-controlling interest ownership percentage				15.00%
Subsidiary \| Loans Payable \| Container Loan 1
Debt Instrument [Line Items]
Debt, face amount																$ 55,991,000
Subsidiary \| Loans Payable \| Container Loan 2
Debt Instrument [Line Items]
Debt, face amount															$ 21,548,000
Subsidiary \| Loans Payable \| FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Debt, face amount		$ 75,000,000
Debt Instrument, Periodic Payment							$ 1,562,000
Debt Instrument, Covenant, Fixed Charge Coverage Ratio										1.15
Debt Instrument, Covenant, Evaluation Period										12 months
Subsidiary \| Loans Payable \| Jefferson Terminal Credit Agreement
Debt Instrument [Line Items]
Debt, face amount													$ 100,000,000
Debt Instrument, Periodic Payment					$ 1,250,000	$ 250,000
Subsidiary \| Note payable to non-controlling interest \| Note payable to non-controlling interest
Debt Instrument [Line Items]
Debt, face amount				$ 18,275,000
Stated rate				5.00%
Jefferson Terminal \| Bonds payable \| Series 2012 Bonds
Debt Instrument [Line Items]
Debt, face amount			$ 46,875,000
Debt Instrument, Period of Interest Reserve			6 months
Stated rate					8.25%			8.25%
Jefferson Terminal \| Bonds payable \| Dock and Wharf Facility Revenue Bonds, Series 2016
Debt Instrument [Line Items]
Debt Instrument, Fee Amount												$ 6,873,000
Stated rate												7.25%
Interest Rate Cap \| Loans Payable \| Container Loan 2
Debt Instrument [Line Items]
Percentage of Debt Hedged by Interest Rate Derivatives														50.00%
London Interbank Offered Rate (LIBOR) \| Subsidiary \| Loans Payable \| FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		4.50%
London Interbank Offered Rate (LIBOR) \| Interest Rate Cap \| Loans Payable \| Container Loan 2
Debt Instrument [Line Items]
Derivative, Cap Interest Rate														2.50%
Minimum \| London Interbank Offered Rate (LIBOR) \| Loans Payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Minimum \| Base Rate \| Loans Payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Minimum \| Canadian Fixed Rate \| Loans Payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Maximum \| London Interbank Offered Rate (LIBOR) \| Loans Payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.50%
Maximum \| Base Rate \| Loans Payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.50%
Maximum \| Canadian Fixed Rate \| Loans Payable \| CMQR Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.50%
Debt, Weighted Average Interest Rate					3.21%			3.21%
Jefferson Terminal
Debt Instrument [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Tendered Bonds													115,000,000
Non-controlling interest ownership percentage							40.00%		40.00%
Jefferson Terminal \| Bonds payable \| Series 2012 Bonds
Debt Instrument [Line Items]
Unamortized premium													1,823,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Tendered Bonds													$ 48,554,000
Principal Owner [Member] \| Subsidiary \| Note payable to non-controlling interest \| Note payable to non-controlling interest
Debt Instrument [Line Items]
Debt, face amount				$ 3,225,000

DEBT, NET (Debt Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt	$ 259,512	$ 266,221
FTAI Pride Credit Agreement
Debt Instrument [Line Items]
2017	6,250
2018	6,250
2019	48,437
2020	0
2021	0
Thereafter	0
Long-term Debt	60,937
CMQR Credit Agreement
Debt Instrument [Line Items]
2017	0
2018	12,625
2019	0
2020	0
2021	0
Thereafter	0
Long-term Debt	12,625
Jefferson Bonds Payable
Debt Instrument [Line Items]
2017	1,425
2018	1,545
2019	1,670
2020	146,010
2021	1,960
Thereafter	35,780
Long-term Debt	188,390
Unamortized premium	1,697
Note payable to non-controlling interest
Debt Instrument [Line Items]
2017	403
2018	403
2019	403
2020	403
2021	740
Thereafter	0
Long-term Debt	2,352
Total principal payments on loans and bonds payable
Debt Instrument [Line Items]
2017	8,078
2018	20,823
2019	50,510
2020	146,413
2021	2,700
Thereafter	35,780
Long-term Debt	$ 264,304

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Dec. 31, 2016	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
Assets:
Available-for-sale securities	17,630,000	$ 0
Recurring
Assets:
Total	151,126,000	403,414,000
Recurring \| Market
Assets:
Cash and cash equivalents	68,055,000	381,703,000
Restricted cash	65,441,000	21,610,000
Available-for-sale securities	17,630,000
Recurring \| Income
Assets:
Derivative assets		101,000
Recurring \| Level 1
Assets:
Total	151,126,000	403,313,000
Recurring \| Level 1 \| Market
Assets:
Cash and cash equivalents	68,055,000	381,703,000
Restricted cash	65,441,000	21,610,000
Available-for-sale securities	17,630,000
Recurring \| Level 1 \| Income
Assets:
Derivative assets		0
Recurring \| Level 2
Assets:
Total	0	101,000
Recurring \| Level 2 \| Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Available-for-sale securities	0
Recurring \| Level 2 \| Income
Assets:
Derivative assets		101,000
Recurring \| Level 3
Assets:
Total	0	0
Recurring \| Level 3 \| Market
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Available-for-sale securities	$ 0
Recurring \| Level 3 \| Income
Assets:
Derivative assets		$ 0

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($)	Dec. 31, 2016	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
Series 2012 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	46,488,000	$ 49,268,000
Series 2016 Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of bonds payable	149,575,000
Co-venturer \| Subsidiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 3,725,000
Loans receivable interest rate	12.00%
Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable interest rate	10.00%
Notes Receivable, Fair Value Disclosure	$ 17,935,000	$ 14,869,000

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Total revenues	$ 42,346	$ 41,726	$ 33,195	$ 31,453	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 148,720	$ 136,568	$ 57,930
Equipment Leasing
Revenues
Lease income									69,736	64,883	27,681
Maintenance revenue									28,697	17,286	5,964
Finance lease income									2,723	8,747	10,013
Other revenue									793	1,827	326
Total revenues									101,949	92,743	43,984
Infrastructure
Revenues
Lease income									32	4,620	1,325
Rail revenues									30,837	25,550	9,969
Terminal services revenues									15,902	13,655	2,652
Total revenues									46,771	43,825	13,946
Operating Segments \| Reportable Subsegments \| Aviation Leasing
Revenues
Total revenues									95,408	61,330
Operating Segments \| Reportable Subsegments \| Offshore Energy
Revenues
Total revenues									5,328	24,231
Operating Segments \| Reportable Subsegments \| Shipping Containers
Revenues
Total revenues									1,213	7,182
Operating Segments \| Reportable Subsegments \| Jefferson Terminal
Revenues
Total revenues									15,902	18,275
Operating Segments \| Reportable Subsegments \| Railroad
Revenues
Total revenues									30,837	25,550
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Revenues
Lease income									66,024	42,924	14,991
Maintenance revenue									28,697	17,286	5,964
Finance lease income									0	0	0
Other revenue									687	1,120	3
Total revenues									95,408	61,330	20,958
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Revenues
Lease income									3,712	21,959	12,690
Maintenance revenue									0	0	0
Finance lease income									1,610	1,665	1,716
Other revenue									6	607	224
Total revenues									5,328	24,231	14,630
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Revenues
Lease income									0	0	0
Maintenance revenue									0	0	0
Finance lease income									1,113	7,082	8,297
Other revenue									100	100	99
Total revenues									1,213	7,182	8,396
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Jefferson Terminal
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Railroad
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Aviation Leasing
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Offshore Energy
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Shipping Containers
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Revenues
Lease income									0	4,620	1,325
Rail revenues									0	0	0
Terminal services revenues									15,902	13,655	2,652
Total revenues									15,902	18,275	3,977
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Revenues
Lease income									0	0	0
Rail revenues									30,837	25,550	9,969
Terminal services revenues									0	0	0
Total revenues									30,837	$ 25,550	$ 9,969
Operating Segments \| Reportable Subsegments \| Corporate \| Railroad
Revenues
Lease income									32
Rail revenues									0
Terminal services revenues									0
Total revenues									$ 32

REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Revenue Disclosure [Abstract]
2017	$ 65,301
2018	49,321
2019	30,102
2020	17,778
2021	8,983
Thereafter	2,310
Total	$ 173,795

EQUITY-BASED COMPENSATION - Additional Information (Details) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended	12 Months Ended
	Aug. 27, 2014 USD ($)	Jun. 30, 2015 director $ / shares shares	Dec. 31, 2016 USD ($) shares	Mar. 31, 2016 USD ($) performance_condition shares	Sep. 30, 2016 USD ($) tranche shares	Dec. 31, 2016 USD ($) shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| tranche					3
Allocated Share-based Compensation Expense \| $						$ (3,672)	$ 4,662	$ 1,265
Cash in lieu of delivering vested shares \| $					$ 200
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense \| $						$ 0	24	0
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted \| shares						52,388
Allocated Share-based Compensation Expense \| $						$ (4,051)	$ 3,432	1,137
Number of nonvested awards (in shares) \| shares			1,302,388			1,302,388	1,291,878
Less: vested \| shares						20,939
Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted \| shares					1,300,000.0
Forfeiture rate				0.00%
Grant date fair value \| $			$ 942
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense \| $						$ 379	$ 1,206	$ 128
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			30,000,000
Number of Independent Directors \| director		3
Incentive Plan \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued in Period (in shares) \| shares		15,000
Shares issues, grant date fair value \| $ / shares		$ 24
Expected volatility							28.00%
Risk free interest rate							2.40%
Expected dividend yield							6.50%
Expected term							5 years
Incentive Plan \| Stock Options \| Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued in Period (in shares) \| shares		5,000
Expiration period		10 years
Award Expiring August 2017 \| Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted \| shares				1,250,000.00
Vesting period				3 years
Number of performance conditions \| performance_condition				3
Grant date fair value \| $	$ 23,879
Award Expiring August 2018 \| Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted \| shares				42,000
Vesting period				4 years
Grant date fair value \| $				$ 800
Awards vesting rights				50.00%
Forfeited percentage				50.00%
Operating Expense \| Restricted Shares \| Employees of a subsidiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense \| $				$ (4,402)

EQUITY-BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ (3,672)	$ 4,662	$ 1,265
Remaining expense to be recognized, if all vesting conditions are met	24,792
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	0	24	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	(4,051)	3,432	1,137
Remaining expense to be recognized, if all vesting conditions are met	24,703
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	379	$ 1,206	$ 128
Remaining expense to be recognized, if all vesting conditions are met	$ 89

EQUITY-BASED COMPENSATION - Summary of Stock Option Activity (Details) - Incentive Plan - Stock Options $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) $ / shares shares
Options
Stock options outstanding, beginning balance (in shares)	15,000
Granted (in shares)	0
Exercised (in shares)	0
Forfeited and canceled (in shares)	0
Stock options outstanding, ending balance (in shares)	15,000
Weighted-Average Exercise Price (per share)
Stock options outstanding at January 1, 2016 (in usd per share) \| $ / shares	$ 16.98
Granted (in dollars per share) \| $ / shares
Stock options outstanding and exercisable as of June 30, 2016 (in usd per share) \| $ / shares	$ 16.98
Aggregate Intrinsic Value \| $	$ 0
Weighted Average Remaining Contractual Term (in years)
Outstanding (in years)	8 years 4 months 24 days

EQUITY-BASED COMPENSATION Stock Units Activity) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract]
Granted, weighted average remaining contractual term	4 years
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning, Units outstanding \| shares	1,291,878
Granted \| shares	52,388
Less: vested \| shares	20,939
Less: forfeited and canceled \| shares	20,939
Ending, units outstanding and exercisable as of December 31, 2016 \| shares	1,302,388
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning, weighted average exercise price (USD per share) \| $ / shares	$ 19.10
Granted \| $ / shares	17.98
Less: vested \| $ / shares	19.10
Less: forfeited and canceled \| $ / shares	19.10
Ending, weighted average exercise price (USD per share) \| $ / shares	$ 19.06
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract]
Beginning, aggregate value \| $	$ 24,675
Granted \| $	942
Less: vested \| $	400
Less: forfeited and canceled \| $	400
Ending, aggregate value \| $	$ 24,817
Weighted Average Remaining Contractual Term (in years)	1 year 8 months 1 day
Outstanding and exercisable, weighted average remaining contractual term	8 months 27 days
Common Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning, Units outstanding \| shares	733,333
Granted \| shares	0
Less: vested \| shares	650,000
Less: forfeited and canceled \| shares	0
Ending, units outstanding and exercisable as of December 31, 2016 \| shares	83,333
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning, weighted average exercise price (USD per share) \| $ / shares	$ 1.26
Granted \| $ / shares	0.00
Less: vested \| $ / shares	1.25
Less: forfeited and canceled \| $ / shares	0.00
Ending, weighted average exercise price (USD per share) \| $ / shares	$ 1.34
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract]
Beginning, aggregate value \| $	$ 924
Granted \| $	0
Less: vested \| $	811
Less: forfeited and canceled \| $	0
Ending, aggregate value \| $	$ 113
Weighted Average Remaining Contractual Term (in years)	8 months 19 days
Outstanding and exercisable, weighted average remaining contractual term	9 months 7 days

INCOME TAXES - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal									$ 355	$ 86	$ 700
State and local									112	45	15
Foreign									(176)	222	0
Total current provision									291	353	715
Deferred:
Federal									(50)	(79)	158
State and local									6	0	1
Foreign									21	312	0
Total deferred provision									(23)	233	159
Total provision for income taxes	$ 73	$ 83	$ 178	$ (66)	$ (60)	$ 150	$ 266	$ 230	$ 268	$ 586	$ 874

INCOME TAXES - Provision for Income Tax Reconciliation (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. federal tax at statutory rate	35.00%	35.00%	35.00%
Income not subject to tax	7.90%	25.20%	(241.20%)
Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Percent
State and local taxes	(0.20%)	(0.20%)	0.40%
Foreign taxes	0.90%	(1.90%)	0.00%
Other	(0.70%)	(0.20%)	0.00%
Change in valuation allowance	(43.60%)	(60.00%)	228.80%
Provision for income taxes	(0.70%)	(2.10%)	23.00%

INCOME TAXES - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Net operating loss carryforwards	$ 42,337	$ 24,234
Accrued expenses	1,642	1,767
Interest expense	8,334	4,038
Other	1,404	2,712
Total deferred tax assets	53,717	32,751
Less valuation allowance	(42,270)	(24,786)	$ (8,675)
Net deferred tax assets	11,447	7,965
Deferred tax liabilities:
Fixed assets	11,816	8,357
Net deferred tax liabilities	$ (369)	$ (392)

INCOME TAXES - Changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Valuation Allowance [Roll Forward]
Valuation allowance at beginning of period	$ 24,786	$ 8,675
Increase to valuation allowance attributable to:
Current year loss	17,484	16,111
Valuation allowance at end of period	$ 42,270	$ 24,786

INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
U.S. federal tax rate	35.00%	35.00%	35.00%
Valuation allowance	$ 42,270	$ 24,786	$ 8,675
Subsidiaries \| U.S. Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	106,838	62,014
Subsidiaries \| State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	104,263	60,646
Canada Revenue Agency
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	7,893	6,672
Revenue Commissioners, Ireland
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 18,453	$ 900

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($)	3 Months Ended								4 Months Ended	12 Months Ended			20 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Apr. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Related Party Transaction [Line Items]
Investor Capital Commitments, Aggregate Amount Committed								$ 100,000,000
Management fees and incentive allocation to affiliate										$ 16,742,000	$ 15,018,000	$ 5,463,000
Net income (loss) attributable to non-controlling interest	$ (4,006,000)	$ (4,370,000)	$ (8,863,000)	$ (3,295,000)	$ (4,548,000)	$ (4,318,000)	$ (4,433,000)	$ (3,506,000)		$ (20,534,000)	(16,805,000)	(4,862,000)
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%
Administrative Fees Expense									$ 1,000,000
Jefferson Terminal
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage	20.00%									20.00%			20.00%
Non-controlling interest by private equity fund	$ 74,904,000				71,321,000					$ 74,904,000	71,321,000		$ 74,904,000
Net income (loss) attributable to non-controlling interest										7,647,000	7,950,000	3,068,000
Manager \| Management fees
Related Party Transaction [Line Items]
Management fee payable	1,697,000				994,000					1,697,000	994,000		$ 1,697,000
Management fee percentage rate													1.50%
Due from related party	0									0			$ 0
Manager \| Bond Purchase Agreement Guarantee Fees
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction										1,740,000
General Partner \| Pre-IPO Management Fees
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate											3,873,000	$ 5,463,000
General Partner \| Post IPO Management Fees
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate										16,742,000	11,145,000
General Partner \| Capital gains incentive allocation
Related Party Transaction [Line Items]
Management fee payable	0									0			0
General Partner \| General and administrative expense
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate										7,301,000	4,119,000
General Partner \| Acquisition and Transaction Expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate										4,783,000	2,181,000
Fortress Worldwide Transportation and Infrastructure Master GP LLP
Related Party Transaction [Line Items]
Incentive Distribution Percentage									10.00%
Cumulative Preferred Return Percentage									8.00%
Accounts Payable and Accrued Liabilities \| Manager
Related Party Transaction [Line Items]
Amounts payable to vendor	$ 1,347,000				$ 1,506,000					$ 1,347,000	$ 1,506,000		$ 1,347,000
Threshold 1 [Member] \| Fortress Worldwide Transportation and Infrastructure Master GP LLP \| Income Incentive Allocation [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Income Incentive Allocation, Percent of Pre-incentive Allocation Net Income													0.00%
Related Party Transaction, Income Incentive Allocation, Quarterly Percent Threshold of Pre-Incentive Allocation Net Income													2.00%
Related Party Transaction, Income Incentive Allocation, Annual Percent Threshold of Pre-Incentive Allocation Net Income													8.00%
Threshold 2 [Member] \| Fortress Worldwide Transportation and Infrastructure Master GP LLP \| Income Incentive Allocation [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Income Incentive Allocation, Percent of Pre-incentive Allocation Net Income													100.00%
Threshold 2 [Member] \| Fortress Worldwide Transportation and Infrastructure Master GP LLP \| Income Incentive Allocation [Member] \| Minimum
Related Party Transaction [Line Items]
Related Party Transaction, Income Incentive Allocation, Quarterly Percent Threshold of Pre-Incentive Allocation Net Income													2.00%
Threshold 2 [Member] \| Fortress Worldwide Transportation and Infrastructure Master GP LLP \| Income Incentive Allocation [Member] \| Maximum
Related Party Transaction [Line Items]
Related Party Transaction, Income Incentive Allocation, Quarterly Percent Threshold of Pre-Incentive Allocation Net Income													2.2223%
Threshold 3 [Member] \| Fortress Worldwide Transportation and Infrastructure Master GP LLP \| Income Incentive Allocation [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Income Incentive Allocation, Percent of Pre-incentive Allocation Net Income													10.00%

SEGMENT INFORMATION - Statement of Income by Segment (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016 USD ($)	Sep. 30, 2016 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2016 USD ($) segment	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment									5
Revenues
Total revenues	$ 42,346	$ 41,726	$ 33,195	$ 31,453	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 148,720	$ 136,568	$ 57,930
Expenses
Operating expenses									66,169	68,793	27,223
General and administrative									12,314	7,568	2,007
Acquisition and transaction expenses									6,316	5,683	11,450
Management fees and incentive allocation to affiliate									16,742	15,018	5,463
Depreciation and amortization									60,210	45,308	15,998
Interest expense									18,957	19,311	5,872
Total expenses	46,137	46,859	46,839	40,873	44,786	43,475	40,194	33,226	180,708	161,681	68,013
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									(5,992)	(6,956)	6,093
Gain on sale of equipment and finance leases, net									5,941	3,419	7,576
Loss on extinguishment of debt									(1,579)	0	0
Asset impairment									(7,450)	0	0
Interest income									136	579	186
Other income									602	26	20
Total other (expense) income	(1,955)	(430)	(6,234)	277	1,681	(7,664)	1,626	1,425	(8,342)	(2,932)	13,875
(Loss) income before income taxes	(5,746)	(5,563)	(19,878)	(9,143)	(9,307)	(15,906)	(5,004)	2,172	(40,330)	(28,045)	3,792
Provision for income taxes	73	83	178	(66)	(60)	150	266	230	268	586	874
Net (loss) income	(5,819)	(5,646)	(20,056)	(9,077)	(9,247)	(16,056)	(5,270)	1,942	(40,598)	(28,631)	2,918
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(4,006)	(4,370)	(8,863)	(3,295)	(4,548)	(4,318)	(4,433)	(3,506)	(20,534)	(16,805)	(4,862)
Net (loss) income attributable to shareholders	$ (1,813)	$ (1,276)	$ (11,193)	$ (5,782)	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	(20,064)	(11,826)	7,780
Equipment Leasing
Revenues
Total revenues									101,949	92,743	43,984
Infrastructure
Revenues
Total revenues									46,771	43,825	13,946
Operating Segments \| Reportable Subsegments \| Aviation Leasing
Revenues
Total revenues									95,408	61,330
Expenses
Operating expenses									4,609	2,820
General and administrative									0	0
Acquisition and transaction expenses									80	0
Management fees and incentive allocation to affiliate									0	0
Depreciation and amortization									36,369	23,549
Interest expense									0	0
Total expenses									41,058	26,369
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									0	0
Gain on sale of equipment and finance leases, net									5,214	3,053
Loss on extinguishment of debt									0
Asset impairment									0
Interest income									142	11
Other income									0	0
Total other (expense) income									5,356	3,064
(Loss) income before income taxes									59,706	38,025
Provision for income taxes									267	668
Net (loss) income									59,439	37,357
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									435	21
Net (loss) income attributable to shareholders									59,004	37,336
Operating Segments \| Reportable Subsegments \| Offshore Energy
Revenues
Total revenues									5,328	24,231
Expenses
Operating expenses									11,014	4,650
General and administrative									0	0
Acquisition and transaction expenses									0	0
Management fees and incentive allocation to affiliate									0	0
Depreciation and amortization									6,411	5,967
Interest expense									3,747	3,794
Total expenses									21,172	14,411
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									0	0
Gain on sale of equipment and finance leases, net									0	0
Loss on extinguishment of debt									0
Asset impairment									(7,450)
Interest income									13	483
Other income									0	0
Total other (expense) income									(7,437)	483
(Loss) income before income taxes									(23,281)	10,303
Provision for income taxes									0	0
Net (loss) income									(23,281)	10,303
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									(4,368)	676
Net (loss) income attributable to shareholders									(18,913)	9,627
Operating Segments \| Reportable Subsegments \| Shipping Containers
Revenues
Total revenues									1,213	7,182
Expenses
Operating expenses									43	350
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	2,393
Total expenses									453	2,743
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									(5,974)	(6,956)
Gain on sale of equipment and finance leases, net									304	0
Loss on extinguishment of debt									0
Asset impairment									0
Interest income									0	0
Other income									0	(14)
Total other (expense) income									(5,670)	(6,970)
(Loss) income before income taxes									(4,910)	(2,531)
Provision for income taxes									(86)	(127)
Net (loss) income									(4,824)	(2,404)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									0	0
Net (loss) income attributable to shareholders									(4,824)	(2,404)
Operating Segments \| Reportable Subsegments \| Jefferson Terminal
Revenues
Total revenues									15,902	18,275
Expenses
Operating expenses									21,886	33,154
General and administrative									0	0
Acquisition and transaction expenses									400	0
Management fees and incentive allocation to affiliate									0	0
Depreciation and amortization									15,500	13,897
Interest expense									13,501	12,546
Total expenses									51,287	59,597
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									(18)	0
Gain on sale of equipment and finance leases, net									0	(199)
Loss on extinguishment of debt									(1,579)
Asset impairment									0
Interest income									(19)	85
Other income									602	40
Total other (expense) income									(1,014)	(74)
(Loss) income before income taxes									(36,399)	(41,396)
Provision for income taxes									74	41
Net (loss) income									(36,473)	(41,437)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									(16,456)	(17,376)
Net (loss) income attributable to shareholders									(20,017)	(24,061)
Operating Segments \| Reportable Subsegments \| Railroad
Revenues
Total revenues									30,837	25,550
Expenses
Operating expenses									27,975	27,819
General and administrative									0	0
Acquisition and transaction expenses									0	0
Management fees and incentive allocation to affiliate									0	0
Depreciation and amortization									1,926	1,895
Interest expense									754	578
Total expenses									30,655	30,292
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									0	0
Gain on sale of equipment and finance leases, net									423	565
Loss on extinguishment of debt									0
Asset impairment									0
Interest income									0	0
Other income									0	0
Total other (expense) income									423	565
(Loss) income before income taxes									605	(4,177)
Provision for income taxes									0	0
Net (loss) income									605	(4,177)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									23	(121)
Net (loss) income attributable to shareholders									582	(4,056)
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Revenues
Total revenues									95,408	61,330	20,958
Expenses
Operating expenses											1,713
General and administrative											0
Acquisition and transaction expenses											0
Management fees and incentive allocation to affiliate											0
Depreciation and amortization											9,445
Interest expense											0
Total expenses											11,158
Other income (expense)
Equity in (losses) earnings of unconsolidated entities											0
Gain on sale of equipment and finance leases, net											7,576
Interest income											26
Other income											0
Total other (expense) income											7,602
(Loss) income before income taxes											17,402
Provision for income taxes											490
Net (loss) income											16,912
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries											0
Net (loss) income attributable to shareholders											16,912
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Revenues
Total revenues									5,328	24,231	14,630
Expenses
Operating expenses											1,054
General and administrative											0
Acquisition and transaction expenses											0
Management fees and incentive allocation to affiliate											0
Depreciation and amortization											2,801
Interest expense											1,248
Total expenses											5,103
Other income (expense)
Equity in (losses) earnings of unconsolidated entities											0
Gain on sale of equipment and finance leases, net											0
Interest income											160
Other income											0
Total other (expense) income											160
(Loss) income before income taxes											9,687
Provision for income taxes											0
Net (loss) income											9,687
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries											704
Net (loss) income attributable to shareholders											8,983
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Revenues
Total revenues									1,213	7,182	8,396
Expenses
Operating expenses											257
General and administrative											0
Acquisition and transaction expenses											0
Management fees and incentive allocation to affiliate											0
Depreciation and amortization											0
Interest expense											2,840
Total expenses											3,097
Other income (expense)
Equity in (losses) earnings of unconsolidated entities											6,093
Gain on sale of equipment and finance leases, net											0
Interest income											0
Other income											(26)
Total other (expense) income											6,067
(Loss) income before income taxes											11,366
Provision for income taxes											100
Net (loss) income											11,266
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries											0
Net (loss) income attributable to shareholders											11,266
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Jefferson Terminal
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Railroad
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Aviation Leasing
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Offshore Energy
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Shipping Containers
Revenues
Total revenues									0	0
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Revenues
Total revenues									15,902	18,275	3,977
Expenses
Operating expenses											9,095
General and administrative											0
Acquisition and transaction expenses											5,494
Management fees and incentive allocation to affiliate											0
Depreciation and amortization											2,763
Interest expense											1,552
Total expenses											18,904
Other income (expense)
Equity in (losses) earnings of unconsolidated entities											0
Gain on sale of equipment and finance leases, net											0
Interest income											0
Other income											46
Total other (expense) income											46
(Loss) income before income taxes											(14,881)
Provision for income taxes											284
Net (loss) income											(15,165)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries											(5,566)
Net (loss) income attributable to shareholders											(9,599)
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Revenues
Total revenues									30,837	25,550	9,969
Expenses
Operating expenses											15,104
General and administrative											0
Acquisition and transaction expenses											5,646
Management fees and incentive allocation to affiliate											0
Depreciation and amortization											989
Interest expense											187
Total expenses											21,926
Other income (expense)
Equity in (losses) earnings of unconsolidated entities											0
Gain on sale of equipment and finance leases, net											0
Interest income											0
Other income											0
Total other (expense) income											0
(Loss) income before income taxes											(11,957)
Provision for income taxes											0
Net (loss) income											(11,957)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries											0
Net (loss) income attributable to shareholders											(11,957)
Corporate
Revenues
Total revenues									32	0	0
Expenses
Operating expenses									642	0	0
General and administrative									12,314	7,568	2,007
Acquisition and transaction expenses									5,836	5,683	310
Management fees and incentive allocation to affiliate									16,742	15,018	5,463
Depreciation and amortization									4	0	0
Interest expense									545	0	45
Total expenses									36,083	28,269	7,825
Other income (expense)
Equity in (losses) earnings of unconsolidated entities									0	0	0
Gain on sale of equipment and finance leases, net									0	0	0
Loss on extinguishment of debt									0
Asset impairment									0
Interest income									0	0	0
Other income									0	0	0
Total other (expense) income									0	0	0
(Loss) income before income taxes									(36,051)	(28,269)	(7,825)
Provision for income taxes									13	4	0
Net (loss) income									(36,064)	(28,273)	(7,825)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries									(168)	(5)	0
Net (loss) income attributable to shareholders									(35,896)	(28,268)	$ (7,825)
Corporate \| Equipment Leasing
Revenues
Total revenues									0	0
Corporate \| Infrastructure
Revenues
Total revenues									$ 32	$ 0

SEGMENT INFORMATION - Reconciliation of Adjusted Net Income to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									$ (8,632)	$ 7,787	$ 20,657
Add: Non-controlling share of adjustments to Adjusted Net Income									2,945	1,333	525
Equity in (losses) earnings of unconsolidated entities									(5,992)	(6,956)	6,093
Add: Cash payments for income taxes									654	507	274
Less: Incentive allocations									0	0	0
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities									2,905	(3,552)	(6,155)
Less: Asset impairment charges									(7,450)	0	0
Less: Changes in fair value of non-hedge derivative instruments									(3)	(14)	(25)
Less: Losses on the modification or extinguishment of debt and capital lease obligations									(1,579)	0	0
Less: Acquisition and transaction expenses									(6,316)	(5,683)	(11,450)
Less: Equity-based compensation expense									3,672	(4,662)	(1,265)
Less: Provision for income taxes	$ (73)	$ (83)	$ (178)	$ 66	$ 60	$ (150)	$ (266)	$ (230)	(268)	(586)	(874)
Net (loss) income attributable to shareholders	$ (1,813)	$ (1,276)	$ (11,193)	$ (5,782)	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	(20,064)	(11,826)	7,780
Operating Segments \| Reportable Subsegments \| Aviation Leasing
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities									0	0
Less: Asset impairment charges									0
Less: Acquisition and transaction expenses									(80)	0
Less: Provision for income taxes									(267)	(668)
Net (loss) income attributable to shareholders									59,004	37,336
Operating Segments \| Reportable Subsegments \| Offshore Energy
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities									0	0
Less: Asset impairment charges									(7,450)
Less: Acquisition and transaction expenses									0	0
Less: Provision for income taxes									0	0
Net (loss) income attributable to shareholders									(18,913)	9,627
Operating Segments \| Reportable Subsegments \| Shipping Containers
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities									(5,974)	(6,956)
Less: Asset impairment charges									0
Less: Acquisition and transaction expenses									0	0
Less: Provision for income taxes									86	127
Net (loss) income attributable to shareholders									(4,824)	(2,404)
Operating Segments \| Reportable Subsegments \| Jefferson Terminal
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities									(18)	0
Less: Asset impairment charges									0
Less: Acquisition and transaction expenses									(400)	0
Less: Provision for income taxes									(74)	(41)
Net (loss) income attributable to shareholders									(20,017)	(24,061)
Operating Segments \| Reportable Subsegments \| Railroad
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities									0	0
Less: Asset impairment charges									0
Less: Acquisition and transaction expenses									0	0
Less: Provision for income taxes									0	0
Net (loss) income attributable to shareholders									582	(4,056)
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									58,768	37,777	17,136
Equity in (losses) earnings of unconsolidated entities											0
Less: Acquisition and transaction expenses											0
Less: Provision for income taxes											(490)
Net (loss) income attributable to shareholders											16,912
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(15,188)	9,627	8,976
Equity in (losses) earnings of unconsolidated entities											0
Less: Acquisition and transaction expenses											0
Less: Provision for income taxes											0
Net (loss) income attributable to shareholders											8,983
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(1,838)	7,991	11,453
Equity in (losses) earnings of unconsolidated entities											6,093
Less: Acquisition and transaction expenses											0
Less: Provision for income taxes											(100)
Net (loss) income attributable to shareholders											11,266
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(21,249)	(22,153)	(3,209)
Equity in (losses) earnings of unconsolidated entities											0
Less: Acquisition and transaction expenses											(5,494)
Less: Provision for income taxes											(284)
Net (loss) income attributable to shareholders											(9,599)
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									941	(2,898)	(6,183)
Equity in (losses) earnings of unconsolidated entities											0
Less: Acquisition and transaction expenses											(5,646)
Less: Provision for income taxes											0
Net (loss) income attributable to shareholders											(11,957)
Corporate
Segment Reporting Information [Line Items]
Adjusted Net Income (Loss)									(30,066)	(22,557)	(7,516)
Equity in (losses) earnings of unconsolidated entities									0	0	0
Less: Asset impairment charges									0
Less: Acquisition and transaction expenses									(5,836)	(5,683)	(310)
Less: Provision for income taxes									(13)	(4)	0
Net (loss) income attributable to shareholders									$ (35,896)	$ (28,268)	$ (7,825)

SEGMENT INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total assets	$ 1,547,312	$ 1,644,805
Debt, net	259,512	266,221
Total liabilities	381,632	354,119
Equity
Non-controlling interest in equity of consolidated subsidiaries	111,868	124,403
Total equity	1,165,680	1,290,686	$ 713,497
Total liabilities and equity	1,547,312	1,644,805
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Total assets	625,680	443,532
Debt, net	0	0
Total liabilities	74,989	50,873
Equity
Non-controlling interest in equity of consolidated subsidiaries	1,334	899
Total equity	550,691	392,659
Total liabilities and equity	625,680	443,532
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Total assets	220,544	213,946
Debt, net	62,655	68,675
Total liabilities	66,002	74,228
Equity
Non-controlling interest in equity of consolidated subsidiaries	3,325	7,692
Total equity	154,542	139,718
Total liabilities and equity	220,544	213,946
Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Total assets	4,333	85,917
Debt, net	0	45,779
Total liabilities	0	45,903
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	4,333	40,014
Total liabilities and equity	4,333	85,917
Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Total assets	534,638	483,346
Debt, net	184,702	142,835
Total liabilities	205,536	159,570
Equity
Non-controlling interest in equity of consolidated subsidiaries	104,087	113,514
Total equity	329,102	323,776
Total liabilities and equity	534,638	483,346
Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Total assets	40,428	33,936
Debt, net	12,155	8,932
Total liabilities	24,971	19,463
Equity
Non-controlling interest in equity of consolidated subsidiaries	2,114	1,714
Total equity	15,457	14,473
Total liabilities and equity	40,428	33,936
Corporate
Segment Reporting Information [Line Items]
Total assets	121,689	384,128
Debt, net	0	0
Total liabilities	10,134	4,082
Equity
Non-controlling interest in equity of consolidated subsidiaries	1,008	584
Total equity	111,555	380,046
Total liabilities and equity	$ 121,689	$ 384,128

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share [Abstract]
Net (loss) income attributable to shareholders	$ (1,813)	$ (1,276)	$ (11,193)	$ (5,782)	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	$ (20,064)	$ (11,826)	$ 7,780
Weighted Average Shares Outstanding - Basic (in shares)	75,750,943	75,746,200	75,730,165	75,727,369	75,718,183	75,718,183	62,879,023	53,502,873	75,738,698	67,039,439	53,502,873
Weighted Average Shares Outstanding - Diluted (in shares)	75,750,943	75,746,200	75,730,165	75,727,369	75,718,183	75,718,183	62,879,023	53,502,873	75,738,698	67,039,439	53,502,873
Basic and Diluted EPS (in dollars per share)									$ (0.26)	$ (0.18)	$ 0.15
Antidilutive shares excluded from the calculation of diluted EPS (in shares)									8,082

- 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) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Loss Contingency, Range of Possible Loss, Minimum	$ 0
Loss Contingency, Range of Possible Loss, Maximum	10,306,000
Potential Milestone Payment	15,000,000
Operating Leases, Rent Expense	$ 4,953,000	$ 3,717,000	$ 1,556,000

COMMITMENTS AND CONTINGENCIES - Minimum Future Rental Payments (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2017	$ 6,511
2018	5,825
2019	5,407
2020	4,722
2021	3,920
Thereafter	73,279
Total	$ 99,664

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 42,346	$ 41,726	$ 33,195	$ 31,453	$ 33,798	$ 35,233	$ 33,564	$ 33,973	$ 148,720	$ 136,568	$ 57,930
Costs and Expenses	46,137	46,859	46,839	40,873	44,786	43,475	40,194	33,226	180,708	161,681	68,013
Total other income (expense)	(1,955)	(430)	(6,234)	277	1,681	(7,664)	1,626	1,425	(8,342)	(2,932)	13,875
(Loss) income before income taxes	(5,746)	(5,563)	(19,878)	(9,143)	(9,307)	(15,906)	(5,004)	2,172	(40,330)	(28,045)	3,792
Provision for income taxes	73	83	178	(66)	(60)	150	266	230	268	586	874
Net (loss) income	(5,819)	(5,646)	(20,056)	(9,077)	(9,247)	(16,056)	(5,270)	1,942	(40,598)	(28,631)	2,918
Net income (loss) attributable to non-controlling interest	(4,006)	(4,370)	(8,863)	(3,295)	(4,548)	(4,318)	(4,433)	(3,506)	(20,534)	(16,805)	(4,862)
Net (loss) income attributable to shareholders	$ (1,813)	$ (1,276)	$ (11,193)	$ (5,782)	$ (4,699)	$ (11,738)	$ (837)	$ 5,448	$ (20,064)	$ (11,826)	$ 7,780
(Loss) Earnings per Share:
Basic (in dollars per share)	$ (0.02)	$ (0.02)	$ (0.15)	$ (0.08)	$ (0.06)	$ (0.16)	$ (0.01)	$ 0.10	$ (0.26)	$ (0.18)
Diluted (in dollars per share)	$ (0.02)	$ (0.02)	$ (0.15)	$ (0.08)	$ (0.06)	$ (0.16)	$ (0.01)	$ 0.10	$ (0.26)	$ (0.18)
Weighted Average Shares Outstanding:
Basic (in shares)	75,750,943	75,746,200	75,730,165	75,727,369	75,718,183	75,718,183	62,879,023	53,502,873	75,738,698	67,039,439	53,502,873
Diluted (in shares)	75,750,943	75,746,200	75,730,165	75,727,369	75,718,183	75,718,183	62,879,023	53,502,873	75,738,698	67,039,439	53,502,873
Operating expenses									$ 66,169	$ 68,793	$ 27,223

SUBSEQUENT EVENTS (Details) - USD ($)			3 Months Ended		12 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($)	Feb. 23, 2017	Jan. 23, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)			$ 0.33	$ 0.33	$ 1.32	$ 0.48
Subsequent Event
Subsequent Event [Line Items]
Debt, face amount		$ 100,000,000
Stated rate		2.75%
Quarterly amortization payments		$ 250,000
Subsequent Event \| Common Stock
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	$ 0.33
Eurodollar [Member] \| Subsequent Event
Subsequent Event [Line Items]
Stated rate		3.75%

SEGMENT INFORMATION - Location of Long-Lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 765,455	$ 636,681
Property, Plant and Equipment [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	1,117,636	936,359
Property, Plant and Equipment [Member] \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	554,282	419,321
Property, Plant and Equipment [Member] \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	169,499	174,580
Property, Plant and Equipment [Member] \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	319,503	317,766
Property, Plant and Equipment [Member] \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	29,866	24,692
Property, Plant and Equipment [Member] \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	44,486	0
Property, Plant and Equipment [Member] \| Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	51,136	56,927
Property, Plant and Equipment [Member] \| Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	51,136	56,927
Property, Plant and Equipment [Member] \| Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Africa \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Africa \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Africa \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Africa \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	382,134	228,502
Property, Plant and Equipment [Member] \| Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	212,635	189,364
Property, Plant and Equipment [Member] \| Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	169,499	39,138
Property, Plant and Equipment [Member] \| Asia \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Asia \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Asia \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Asia \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	225,934	266,074
Property, Plant and Equipment [Member] \| Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	225,934	130,632
Property, Plant and Equipment [Member] \| Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	135,442
Property, Plant and Equipment [Member] \| Europe \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Europe \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Europe \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| Europe \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	450,311	380,408
Property, Plant and Equipment [Member] \| North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	56,456	37,950
Property, Plant and Equipment [Member] \| North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| North America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	319,503	317,766
Property, Plant and Equipment [Member] \| North America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	29,866	24,692
Property, Plant and Equipment [Member] \| North America \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	44,486	0
Property, Plant and Equipment [Member] \| South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	8,121	4,448
Property, Plant and Equipment [Member] \| South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Aviation Leasing
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	8,121	4,448
Property, Plant and Equipment [Member] \| South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Offshore Energy
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| South America \| Operating Segments \| Reportable Subsegments \| Equipment Leasing \| Shipping Containers
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| South America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Jefferson Terminal
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| South America \| Operating Segments \| Reportable Subsegments \| Infrastructure \| Railroad
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Property, Plant and Equipment [Member] \| South America \| Corporate
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 0	$ 0