XML 26 R73.htm IDEA: XBRL DOCUMENT v2.4.1.9
SCHEDULE I - Parent Company Information - Condensed Balance Sheets (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
ASSETS        
Cash and cash equivalents $ 13,493,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 12,801,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 5,379,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 6,440,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Equipment held for operating lease, less accumulated depreciation 1,066,448,000us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet 1,033,022,000us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet 961,459,000us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet  
Equipment held for sale 18,114,000wlfc_EquipmentHeldForSale 32,491,000wlfc_EquipmentHeldForSale    
Operating lease related receivable, net of allowances 8,912,000us-gaap_AccountsReceivableNet 13,286,000us-gaap_AccountsReceivableNet    
Investments 41,590,000us-gaap_Investments 23,485,000us-gaap_Investments    
Deferred income taxes 41,030,000us-gaap_DeferredTaxAssetsGross 40,739,000us-gaap_DeferredTaxAssetsGross    
Property, equipment & furnishings, less accumulated depreciation 17,955,000us-gaap_PropertyPlantAndEquipmentNet 4,950,000us-gaap_PropertyPlantAndEquipmentNet    
Intangible assets, net 1,164,000us-gaap_IntangibleAssetsNetExcludingGoodwill 1,396,000us-gaap_IntangibleAssetsNetExcludingGoodwill    
Equipment purchase deposits   1,369,000wlfc_EquipmentPurchaseDeposits    
Other assets, net 24,099,000us-gaap_OtherAssets 22,355,000us-gaap_OtherAssets    
Total assets 1,261,626,000us-gaap_Assets 1,199,229,000us-gaap_Assets    
Liabilities:        
Accounts payable and accrued expenses 21,614,000us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 16,283,000us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent    
Deferred income taxes 90,510,000us-gaap_DeferredIncomeTaxLiabilities 86,685,000us-gaap_DeferredIncomeTaxLiabilities    
Notes payable 840,956,000us-gaap_LongTermDebt 787,614,000us-gaap_LongTermDebt    
Maintenance reserves 66,474,000wlfc_MaintenanceReserves 77,335,000wlfc_MaintenanceReserves    
Security deposits 20,869,000us-gaap_SecurityDepositLiability 15,158,000us-gaap_SecurityDepositLiability    
Unearned lease revenue 4,342,000us-gaap_DeferredRevenueLeasesNet 3,549,000us-gaap_DeferredRevenueLeasesNet    
Total liabilities 1,044,765,000us-gaap_Liabilities 986,624,000us-gaap_Liabilities    
Shareholders' equity:        
Preferred stock ($0.01 par value, 5,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2014 and 2013)          
Common stock ($0.01 par value, 20,000,000 shares authorized; 8,346,304 and 8,399,739 shares issued and outstanding at December 31, 2014 and 2013, respectively) 83,000us-gaap_CommonStockValue 84,000us-gaap_CommonStockValue    
Paid-in capital in excess of par 42,076,000us-gaap_AdditionalPaidInCapital 44,741,000us-gaap_AdditionalPaidInCapital    
Retained earnings 174,702,000us-gaap_RetainedEarningsAccumulatedDeficit 167,455,000us-gaap_RetainedEarningsAccumulatedDeficit    
Accumulated other comprehensive loss, net of income (loss) tax expense (benefit)   325,000us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax    
Total shareholders' equity 216,861,000us-gaap_StockholdersEquity 212,605,000us-gaap_StockholdersEquity 199,163,000us-gaap_StockholdersEquity 236,271,000us-gaap_StockholdersEquity
Total liabilities and shareholders' equity 1,261,626,000us-gaap_LiabilitiesAndStockholdersEquity 1,199,229,000us-gaap_LiabilitiesAndStockholdersEquity    
Parent Company        
ASSETS        
Cash and cash equivalents 2,411,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,520,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
4,142,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
6,429,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Equipment held for operating lease, less accumulated depreciation 628,341,000us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
464,912,000us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Equipment held for sale 15,768,000wlfc_EquipmentHeldForSale
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
26,382,000wlfc_EquipmentHeldForSale
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Operating lease related receivable, net of allowances 3,379,000us-gaap_AccountsReceivableNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,911,000us-gaap_AccountsReceivableNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Due from affiliate 19,044,000us-gaap_DueFromAffiliates
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,393,000us-gaap_DueFromAffiliates
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Investments 41,590,000us-gaap_Investments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
23,485,000us-gaap_Investments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Investment in subsidiaries 6,054,000us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
97,869,000us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Deferred income taxes 14,906,000us-gaap_DeferredTaxAssetsGross
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
     
Property, equipment & furnishings, less accumulated depreciation 17,867,000us-gaap_PropertyPlantAndEquipmentNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
4,868,000us-gaap_PropertyPlantAndEquipmentNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Intangible assets, net 271,000us-gaap_IntangibleAssetsNetExcludingGoodwill
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
271,000us-gaap_IntangibleAssetsNetExcludingGoodwill
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Equipment purchase deposits   1,369,000wlfc_EquipmentPurchaseDeposits
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Other assets, net 13,528,000us-gaap_OtherAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,774,000us-gaap_OtherAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Total assets 763,159,000us-gaap_Assets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
633,754,000us-gaap_Assets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Liabilities:        
Accounts payable and accrued expenses 10,820,000us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
8,813,000us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Deferred income taxes 26,132,000us-gaap_DeferredIncomeTaxLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
6,993,000us-gaap_DeferredIncomeTaxLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Notes payable 457,364,000us-gaap_LongTermDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
378,828,000us-gaap_LongTermDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Maintenance reserves 32,845,000wlfc_MaintenanceReserves
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
15,282,000wlfc_MaintenanceReserves
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Security deposits 16,864,000us-gaap_SecurityDepositLiability
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
10,008,000us-gaap_SecurityDepositLiability
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Unearned lease revenue 2,273,000us-gaap_DeferredRevenueLeasesNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,225,000us-gaap_DeferredRevenueLeasesNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Total liabilities 546,298,000us-gaap_Liabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
421,149,000us-gaap_Liabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Shareholders' equity:        
Common stock ($0.01 par value, 20,000,000 shares authorized; 8,346,304 and 8,399,739 shares issued and outstanding at December 31, 2014 and 2013, respectively) 83,000us-gaap_CommonStockValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
84,000us-gaap_CommonStockValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Paid-in capital in excess of par 42,076,000us-gaap_AdditionalPaidInCapital
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
44,741,000us-gaap_AdditionalPaidInCapital
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Retained earnings 174,702,000us-gaap_RetainedEarningsAccumulatedDeficit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
167,455,000us-gaap_RetainedEarningsAccumulatedDeficit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Accumulated other comprehensive loss, net of income (loss) tax expense (benefit)   325,000us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Total shareholders' equity 216,861,000us-gaap_StockholdersEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
212,605,000us-gaap_StockholdersEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Total liabilities and shareholders' equity $ 763,159,000us-gaap_LiabilitiesAndStockholdersEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 633,754,000us-gaap_LiabilitiesAndStockholdersEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember