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Investments - Schedule of Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Consolidated Statements of Income                
Revenue $ 151,120 $ 108,996 $ 270,203 $ 198,531        
Expenses 97,042 89,554 188,907 171,091        
Net income 42,586 13,816 63,455 18,210        
Consolidated Balance Sheets                
Total assets [1] 2,921,656   2,921,656     $ 2,652,344    
Total liabilities [2] 2,379,250   2,379,250     2,163,417    
Total WMES net equity 492,418 417,167 492,418 417,167 $ 461,797 438,963 $ 405,989 $ 404,688
WMES                
Consolidated Statements of Income                
Revenue 22,223 10,972 41,149 21,850        
Expenses 14,751 11,387 28,512 22,552        
Net income 7,472 $ (415) 12,637 $ (702)        
Consolidated Balance Sheets                
Total assets 310,149   310,149     236,732    
Total liabilities 211,384   211,384     150,604    
Total WMES net equity $ 98,765   $ 98,765     $ 86,128    
[1] Total assets at June 30, 2024 and December 31, 2023, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $142,869 and $160,958; Equipment $1,663,580 and $1,518,050; Maintenance Rights $6,814 and $7,806; Notes receivable $89,307 and $91,960; Investments in sales-type leases $1,641 and $3,564; and Other assets $11,339 and $13,339 (each respectively).
[2] Total liabilities at June 30, 2024 and December 31, 2023, include the following liabilities of VIEs for which the VIEs’ creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations $1,475,971 and $1,411,680, respectively.