XML 49 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Investments - Summarized Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Revenue $ 61,125 $ 81,609    
Expenses 62,297 73,285    
Net (loss) income (1,332) 4,286    
Statement of Financial Position [Abstract]        
Total assets [1] 2,409,674   $ 2,364,948  
Total liabilities [2] 1,987,519   1,951,211  
Total WMES net equity 372,412 353,007 364,015 $ 350,338
WMES        
Income Statement [Abstract]        
Revenue 4,761 8,111    
Expenses 6,169 7,754    
Net (loss) income (1,408) $ 357    
Statement of Financial Position [Abstract]        
Total assets 299,545   303,886  
Total liabilities 216,903   219,836  
Total WMES net equity $ 82,642   $ 84,050  
[1] Total assets at March 31, 2021 and December 31, 2020, respectively, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $33,763 and $35,262; Equipment $1,025,492 and $1,037,684; Maintenance Rights $767 and $767; Inventory $5,437 and $5,437; Notes receivable $26,220 and $26,392; and Other assets $604 and $558, respectively.
[2] Total liabilities at March 31, 2021 and December 31, 2020, respectively, include the following liabilities of VIEs for which the VIEs’ creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations $898,398 and $907,550, respectively.