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SCHEDULE I - Parent Company Information - Condensed Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
ASSETS        
Cash and cash equivalents $ 11,688 $ 7,052    
Equipment held for operating lease, less accumulated depreciation 1,673,135 1,342,571    
Maintenance Rights 14,763 14,763    
Equipment held for sale 789 34,172    
Receivables, net of allowances 23,270 18,848    
Spare parts inventory 48,874 16,379    
Deferred income taxes 45,561 35,713    
Investments 47,941 50,641    
Property, equipment & furnishings, less accumulated depreciation 27,679 26,074    
Intangible assets, net 1,379 1,727    
Other assets, net 15,164 50,932    
Total assets [1] 1,934,943 1,603,431    
Liabilities:        
Accounts payable and accrued expenses 42,939 22,072    
Deferred income taxes 135,818 113,910    
Debt obligations 1,337,349 1,085,405    
Maintenance reserves 94,522 75,889    
Security deposits 28,047 25,302    
Unearned revenue 5,460 8,102    
Total liabilities [2] 1,598,602 1,295,050    
Redeemable preferred stock ($0.01 par value, 2,500 shares authorized; 2,500 shares issued and outstanding at December 31, 2018 and 2017, respectively) 49,554 49,471    
Shareholders' equity:        
Common stock ($0.01 par value, 20,000 shares authorized; 6,176 and 6,419 shares issued and outstanding at December 31, 2018 and 2017, respectively) 62 64    
Paid-in capital in excess of par   2,319    
Retained earnings 286,623 256,301    
Accumulated other comprehensive income, net of income tax benefit 102 226    
Total shareholders' equity 286,787 258,910 $ 196,260 $ 209,223
Total liabilities, redeemable preferred stock and shareholders' equity 1,934,943 1,603,431    
Parent Company [Member]        
ASSETS        
Cash and cash equivalents 5,302 2,860    
Equipment held for operating lease, less accumulated depreciation 618,167 662,162    
Maintenance Rights 3,296 3,296    
Equipment held for sale 701 34,084    
Receivables, net of allowances 3,468 7,980    
Spare parts inventory 483 11,643    
Due from affiliates, net 14,877 18,439    
Deferred income taxes 13,896      
Investments 47,941 50,641    
Investment in subsidiaries 141,792 50,047    
Property, equipment & furnishings, less accumulated depreciation 15,077 15,238    
Intangible assets, net 271 271    
Prepaid deposits 1,383 36,455    
Other assets, net 10,766 8,385    
Total assets 877,420 901,501    
Liabilities:        
Accounts payable and accrued expenses 27,128 15,686    
Due to affiliates, net 40,187 2,300    
Deferred income taxes   7,456    
Debt obligations 434,053 508,350    
Maintenance reserves 27,329 36,809    
Security deposits 10,692 17,795    
Unearned revenue 1,690 4,724    
Total liabilities 541,079 593,120    
Redeemable preferred stock ($0.01 par value, 2,500 shares authorized; 2,500 shares issued and outstanding at December 31, 2018 and 2017, respectively) 49,554 49,471    
Shareholders' equity:        
Common stock ($0.01 par value, 20,000 shares authorized; 6,176 and 6,419 shares issued and outstanding at December 31, 2018 and 2017, respectively) 62 64    
Paid-in capital in excess of par   2,319    
Retained earnings 286,623 256,301    
Accumulated other comprehensive income, net of income tax benefit 102 226    
Total shareholders' equity 286,787 258,910    
Total liabilities, redeemable preferred stock and shareholders' equity $ 877,420 $ 901,501    
[1] Total assets at December 31, 2018 and December 31, 2017 include the following assets of variable interest entity’s (“VIE’s”) that can only be used to settle the liabilities of the VIE’s: Cash, $656 and $130; Restricted Cash $70,261 and $40,272, Equipment, $1,032,599 and $657,333; and Other, $1,075 and $20,090 respectively.
[2] Total liabilities at December 31, 2018 and December 31, 2017 include the following liabilities of VIE’s for which the VIE’s creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations, $903,296 and $577,056, respectively.