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Investments - Schedule of Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statements of Income        
Revenue $ 89,535 $ 68,817    
Expenses 81,537 93,922    
Net income (loss) 4,394 (21,201)    
Consolidated Balance Sheets        
Total assets [1] 2,587,334   $ 2,575,217  
Total liabilities [2] 2,131,435   2,120,640  
Total WMES net equity 405,989 371,007 404,688 $ 375,885
WMES        
Consolidated Statements of Income        
Revenue 10,878 9,541    
Expenses 11,165 15,003    
Net income (loss) (287) $ (5,462)    
Consolidated Balance Sheets        
Total assets 240,905   267,580  
Total liabilities 156,363   183,083  
Total WMES net equity $ 84,542   $ 84,497  
[1] Total assets at March 31, 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 $54,684 and $76,870; Equipment $1,183,337 and $1,167,970; Maintenance Rights $6,822 and $5,433; Notes receivable $79,502 and $80,220; and Other assets $6,543 and $6,470 (each respectively).
[2] Total liabilities at March 31, 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 $1,093,537 and $1,118,721, respectively.