Company: AYR
Filing Date: 2025-01-10
Form Type: 10-Q
Source: 0001628280-25-001098
Chunk: 63

Company: Aircastle LTD
Filing Date: 2025-01-10
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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  We are currently evaluating the standard; however, it is not expected to 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 November 30, 2024, and February 29, 2024, 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 November 30, 2024 Using Fair Value Hierarchy Fair Value as ofNovember 30, 2024Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)ValuationTechniqueAssets:Cash and cash equivalents$523,753 $523,753 $— $— MarketInvestments, at fair value:  Investment in debt securities$5,029 $— $— $5,029 Income  Investment in equity securities5,333 1,435 — 3,898 Market/IncomeTotal investments, at fair value$10,362 $1,435 $— $8,927 

9

Aircastle Limited and SubsidiariesNotes to Unaudited Consolidated Financial Statements(Dollars in thousands, except per share amounts)November 30,