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Investments - Schedule of Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
Consolidated Statements of Income                
Revenue $ 108,996 $ 78,075 $ 198,531 $ 146,892        
Expenses 89,554 68,590 171,091 162,512        
WMES net (loss) income 13,816 5,908 18,210 (15,293)        
Consolidated Balance Sheets                
Total assets [1] 2,603,956   2,603,956     $ 2,575,217    
Total liabilities [2] 2,136,858   2,136,858     2,120,640    
Total WMES net equity 417,167 374,894 417,167 374,894 $ 405,989 404,688 $ 371,007 $ 375,885
WMES                
Consolidated Statements of Income                
Revenue 10,972 21,185 21,850 30,726        
Expenses 11,387 17,687 22,552 32,690        
WMES net (loss) income (415) $ 3,498 (702) $ (1,964)        
Consolidated Balance Sheets                
Total assets 245,027   245,027     267,580    
Total liabilities 160,901   160,901     183,083    
Total WMES net equity $ 84,126   $ 84,126     $ 84,497    
[1] Total assets at June 30, 2023 and December 31, 2022, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $49,094 and $76,870; Equipment $1,179,739 and $1,167,970; Maintenance Rights $6,822 and $5,433; Notes receivable $78,796 and $80,220; and Other assets $6,902 and $6,470 (each respectively).
[2] Total liabilities at June 30, 2023 and December 31, 2022, include the following liabilities of VIEs for which the VIEs’ creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations $1,067,881 and $1,118,721, respectively.