INVESTMENT IN UNCONSOLIDATED ENTITY (Tables)
12 Months Ended
Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The following table presents the ownership interest and carrying values of the Company’s investment in unconsolidated entity:
 
 
 
 
 
Carrying Value
 
Date Acquired
 
Ownership Percentage
 
December 31, 2015
 
December 31, 2014
 
December 31, 2013
PJW 3000 LLC
April 2012
 
16.67%
 
$

 
$

 

Intermodal Finance I, Ltd.
September 2012
 
51%
 
$
10,675

 
$
21,569

 
$
32,744

Summary financial information for these unconsolidated entities is as follows:
 
Year Ended December 31,
 
2015
 
2014
 
2013
Revenue
 
 
 
 
 
Total revenues
$
16,022

 
$
20,331

 
$
56,480

 
 
 
 
 
 
Expenses
 
 
 
 
 
Operating expenses
992

 
1,527

 
6,055

General and administrative
810

 
807

 
1,157

Depreciation and amortization
3,659

 
2,416

 
8,157

Interest expense
3,488

 
5,022

 
11,075

Impairment expense
20,604

 

 

Total expenses
29,553

 
9,772

 
26,444

 
 
 
 
 
 
Gain on early termination of finance lease

 
917

 
1,052

Other income
247

 
45

 
30

Loss on debt extinguishment

 
(119
)
 

(Loss) gain on disposal of equipment
(766
)
 

 
15

Total other income (expense)
(519
)
 
843

 
1,097

Net income (loss)
(14,050
)
 
11,402

 
31,133

Other comprehensive income

 

 
431

Comprehensive income (loss)
$
(14,050
)
 
$
11,402

 
$
31,564

 
 
 
 
 
 
Company's equity in (loss) earnings, net of amortization of $95 in the year ended December 31, 2013
$
(6,956
)
 
$
6,093

 
$
10,325

 
December 31,
 
2015
 
2014
Assets
 
 
 
Cash and cash equivalents
$
4,796

 
$
5,214

Restricted cash
2,117

 
2,320

Accounts receivable
1,153

 
1,051

Leasing assets, net of accumulated depreciation of $7,305 and $4,449, respectively
47,735

 
74,045

Finance leases, net
34,261

 
62,393

Deferred costs, net of accumulated amortization of $864 and $602, respectively
1,060

 
1,524

Other assets
31

 
8

Total assets
$
91,153

 
$
146,555

 
 
 
 
Liabilities
 
 
 
Accounts payable and accrued liabilities
154

 
157

Syndication liabilities
3,201

 
5,152

Debt
84,051

 
120,303

Other liabilities
458

 
383

Total liabilities
87,864

 
125,995

 
 
 
 
Members’ Equity
 
 
 
Members’ equity
3,289

 
20,560

Total members’ equity
3,289

 
20,560

Total liabilities and members’ equity
$
91,153

 
$
146,555

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

 
$
21,569