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Investments - Schedule of Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Consolidated Statements of Income                
Revenue $ 105,745 $ 76,891 $ 304,275 $ 223,783        
Expenses 85,747 68,148 256,837 230,660        
WMES net income (loss) 14,618 6,389 32,828 (8,904)        
Consolidated Balance Sheets                
Total assets [1] 2,602,320   2,602,320     $ 2,575,217    
Total liabilities [2] 2,120,440   2,120,440     2,120,640    
Total WMES net equity 431,928 389,407 431,928 389,407 $ 417,167 404,688 $ 374,894 $ 375,885
WMES                
Consolidated Statements of Income                
Revenue 13,149 8,540 34,999 39,266        
Expenses 12,659 8,910 35,212 41,601        
WMES net income (loss) 490 $ (370) (213) $ (2,335)        
Consolidated Balance Sheets                
Total assets 234,289   234,289     267,580    
Total liabilities 149,673   149,673     183,083    
Total WMES net equity $ 84,616   $ 84,616     $ 84,497    
[1] Total assets at September 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 $50,260 and $76,870; Equipment $1,166,001 and $1,167,970; Maintenance Rights $6,822 and $5,433; Notes receivable $77,945 and $80,220; and Other assets $6,941 and $6,470 (each respectively).
[2] Total liabilities at September 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 $1,039,650 and $1,118,721, respectively.