Company: AYR
Filing Date: 2025-07-10
Form Type: 10-Q
Source: 0001628280-25-034715
Chunk: 54

Company: Aircastle LTD
Filing Date: 2025-07-10
Form: 10-Q
Item: Part I, Item 8
Chunk 54
---
 state, and foreign taxes and individual jurisdictions.  The standard is effective for annual periods beginning after December 15, 2024, and will be adopted by the Company for the year ended February 28, 2026.  The amendments in ASU 2023-09 should be applied on a prospective basis; however, retrospective application to all prior periods presented in the annual financial statements is permitted.  The Company does not anticipate that the adoption of the standard will have a material impact on our consolidated financial statements.In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This standard requires entities to provide additional disclosure around certain costs and expenses presented within the Income Statement.  This standard aims to improve the disclosures around the entity’s expenses and address requests from investors for more detailed information about the types of expenses. The standard is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027.  Early adoption is permitted. The Company does not anticipate that the adoption of the standard will have a material impact on its consolidated financial statements or related disclosures.

Note 2. 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 the use of unobservable inputs.Assets Measured at Fair Value on a Recurring BasisThe following tables set forth our financial assets as of May 31, 2025 and February 28, 2025, that we measured at fair value on a recurring basis by level within the fair value hierarchy.  Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.  Fair Value Measurements at May 31, 2025 Using Fair Value Hierarchy Fair Value as ofMay 31, 2025Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)ValuationTechniqueAssets:Cash and cash equivalents$223,230 $223,230 $— $— MarketInvestments, at fair value:  Investment in debt securities$5,029 $— $— $5,029 Income  Investment in equity