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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income $ 2,298us-gaap_NetIncomeLoss $ 4,331us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 17,705us-gaap_DepreciationAndAmortization 15,710us-gaap_DepreciationAndAmortization
Write-down of equipment 24us-gaap_ProductionRelatedImpairmentsOrCharges 295us-gaap_ProductionRelatedImpairmentsOrCharges
Stock-based compensation expenses 1,074us-gaap_ShareBasedCompensation 758us-gaap_ShareBasedCompensation
Amortization of deferred costs 1,072us-gaap_AmortizationOfDeferredCharges 1,036us-gaap_AmortizationOfDeferredCharges
Amortization of interest rate derivative cost   (125)us-gaap_AmortizationOfDeferredHedgeGains
Allowances and provisions 67us-gaap_ProvisionForLoanLeaseAndOtherLosses 2us-gaap_ProvisionForLoanLeaseAndOtherLosses
Gain on sale of leased equipment (662)us-gaap_GainLossOnSaleOfLeasedAssetsNetOperatingLeases (231)us-gaap_GainLossOnSaleOfLeasedAssetsNetOperatingLeases
Gain on debt extinguishment (1,151)us-gaap_GainsLossesOnExtinguishmentOfDebt  
Income from joint ventures 354us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions 305us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Deferred income taxes 1,357us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 2,405us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Changes in assets and liabilities:    
Receivables (5,751)us-gaap_IncreaseDecreaseInAccountsReceivable (366)us-gaap_IncreaseDecreaseInAccountsReceivable
Spare parts inventory 305us-gaap_IncreaseDecreaseInInventories (428)us-gaap_IncreaseDecreaseInInventories
Other assets (2,237)us-gaap_IncreaseDecreaseInOtherOperatingAssets (501)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses (917)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,734us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Restricted cash 5,642us-gaap_IncreaseDecreaseInRestrictedCash (8,068)us-gaap_IncreaseDecreaseInRestrictedCash
Maintenance reserves 3,198wlfc_IncreaseDecreaseInMaintenanceReserves 2,416wlfc_IncreaseDecreaseInMaintenanceReserves
Security deposits (98)us-gaap_IncreaseDecreaseInDepositOtherAssets (357)us-gaap_IncreaseDecreaseInDepositOtherAssets
Unearned lease revenue (961)us-gaap_IncreaseDecreaseInDeferredRevenue 493us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash provided by operating activities 20,611us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 18,799us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 2,405us-gaap_ProceedsFromSaleOfMachineryAndEquipment 5,688us-gaap_ProceedsFromSaleOfMachineryAndEquipment
Restricted cash for investing activities   5,487us-gaap_ProceedsFromSaleOfRestrictedInvestments
Capital contribution to joint ventures (630)us-gaap_PaymentsToAcquireInterestInJointVenture  
Purchase of equipment held for operating lease and for sale (17,944)us-gaap_PaymentsToAcquireEquipmentOnLease (7,915)us-gaap_PaymentsToAcquireEquipmentOnLease
Purchase of property, equipment and furnishings (3,667)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (156)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (19,836)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 3,104us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from issuance of notes payable 31,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 5,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
Debt issuance cost   (27)us-gaap_PaymentsOfDebtIssuanceCosts
Interest bearing security deposits   1,518wlfc_ProceedsFromSecurityDeposit
Proceeds from shares issued under stock compensation plans 85us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans 212us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
Cancellation of restricted stock units in satisfaction of withholding tax (514)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (270)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Excess tax benefit from stock-based compensation 143us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities  
Repurchase of common stock (724)us-gaap_PaymentsForRepurchaseOfCommonStock  
Principal payments on notes payable (28,623)us-gaap_RepaymentsOfLongTermDebt (25,506)us-gaap_RepaymentsOfLongTermDebt
Net cash provided by (used in) financing activities 1,367us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (19,073)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Increase (decrease) in cash and cash equivalents 2,142us-gaap_NetCashProvidedByUsedInContinuingOperations 2,830us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 13,493us-gaap_CashAndCashEquivalentsAtCarryingValue 12,801us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 15,635us-gaap_CashAndCashEquivalentsAtCarryingValue 15,631us-gaap_CashAndCashEquivalentsAtCarryingValue
Net cash paid for:    
Interest 8,753us-gaap_InterestPaidNet 8,811us-gaap_InterestPaidNet
Income Taxes 5us-gaap_IncomeTaxesPaidNet 55us-gaap_IncomeTaxesPaidNet
Supplemental disclosures of non-cash investing activities:    
Purchase of aircraft and engines, liability incurred but not paid 169us-gaap_CapitalExpendituresIncurredButNotYetPaid 802us-gaap_CapitalExpendituresIncurredButNotYetPaid
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled $ 86us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 $ 10,924us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1