$WLFC
WILLIS LEASE FINANCE CORP

2021 Q4 Form 10-K Financial Statement

#000101816422000007 Filed on March 14, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $75.81M $274.2M $61.49M
YoY Change 23.3% -5.02% -31.09%
Cost Of Revenue $3.919M $14.93M $3.300M
YoY Change 18.76% -11.15% -78.71%
Gross Profit $71.90M $259.3M $58.20M
YoY Change 23.53% -4.64% -21.14%
Gross Profit Margin 94.83% 94.56% 94.65%
Selling, General & Admin $24.29M $90.28M $19.80M
YoY Change 22.67% 6.62% -16.1%
% of Gross Profit 33.78% 34.82% 34.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.75M $90.50M $23.30M
YoY Change -6.66% -4.23% 0.43%
% of Gross Profit 30.25% 34.91% 40.03%
Operating Expenses $46.04M $90.28M $43.10M
YoY Change 6.82% 6.62% -7.71%
Operating Profit $25.86M $8.340M $15.10M
YoY Change 71.24% -43.24% -44.28%
Interest Expense -$15.67M $67.99M -$15.90M
YoY Change -1.44% 7.87% 33.61%
% of Operating Profit -60.61% 815.17% -105.3%
Other Income/Expense, Net
YoY Change
Pretax Income $6.584M $9.140M -$7.000M
YoY Change -194.06% -47.28% -185.37%
Income Tax $4.842M $5.788M -$4.100M
% Of Pretax Income 73.54% 63.33%
Net Earnings $1.742M $3.352M -$2.900M
YoY Change -160.07% -65.61% -158.0%
Net Earnings / Revenue 2.3% 1.22% -4.72%
Basic Earnings Per Share $0.00 -$0.62
Diluted Earnings Per Share $249.6K $0.00 -$0.62
COMMON SHARES
Basic Shares Outstanding 6.076M shares 6.112M shares 5.988M shares
Diluted Shares Outstanding 6.346M shares 5.988M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.33M $14.33M $42.50M
YoY Change -66.28% -66.28% 534.33%
Cash & Equivalents $14.33M $14.33M $42.54M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $50.96M $50.96M $59.40M
Prepaid Expenses
Receivables $39.62M $39.62M $28.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $104.9M $104.9M $130.2M
YoY Change -19.42% -19.42% 79.34%
LONG-TERM ASSETS
Property, Plant & Equipment $2.029B $2.029B $31.75M
YoY Change 6289.2% 5.54% 0.74%
Goodwill
YoY Change
Intangibles $1.188M $1.246M
YoY Change -4.65% -5.03%
Long-Term Investments $55.93M $55.93M $53.28M
YoY Change 4.98% 4.93% -8.05%
Other Assets $88.26M $88.26M $39.20M
YoY Change 125.16% 125.16% -31.35%
Total Long-Term Assets $2.358B $2.358B $2.235B
YoY Change 5.52% 5.52% 19.63%
TOTAL ASSETS
Total Short-Term Assets $104.9M $104.9M $130.2M
Total Long-Term Assets $2.358B $2.358B $2.235B
Total Assets $2.463B $2.463B $2.365B
YoY Change 4.14% 4.15% 21.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.65M $21.65M $23.10M
YoY Change -6.27% -6.27% -49.34%
Accrued Expenses $5.206M $5.206M $3.900M
YoY Change 33.49% 33.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $46.21M $46.21M $46.50M
YoY Change -0.63% -0.63% -29.76%
LONG-TERM LIABILITIES
Long-Term Debt $1.790B $1.790B $1.694B
YoY Change 5.7% 5.7% 35.4%
Other Long-Term Liabilities $76.43M $76.43M $94.10M
YoY Change -18.77% -18.77% -16.73%
Total Long-Term Liabilities $1.867B $1.867B $1.788B
YoY Change 4.41% 4.41% 31.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.21M $46.21M $46.50M
Total Long-Term Liabilities $1.867B $1.867B $1.788B
Total Liabilities $2.037B $2.037B $1.951B
YoY Change 4.41% 4.41% 26.65%
SHAREHOLDERS EQUITY
Retained Earnings $355.4M $355.4M
YoY Change 0.01% 1.84%
Common Stock $65.00K $66.00K
YoY Change -1.52% 3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $375.9M $425.7M $364.0M
YoY Change
Total Liabilities & Shareholders Equity $2.463B $2.463B $2.365B
YoY Change 4.14% 4.15% 21.87%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $1.742M $3.352M -$2.900M
YoY Change -160.07% -65.61% -158.0%
Depreciation, Depletion And Amortization $21.75M $90.50M $23.30M
YoY Change -6.66% -4.23% 0.43%
Cash From Operating Activities $22.08M $90.66M $9.900M
YoY Change 122.98% -2.98% -83.36%
INVESTING ACTIVITIES
Capital Expenditures -$36.63M $2.165M -$327.5M
YoY Change -88.81% -27.25% 368.53%
Acquisitions
YoY Change
Other Investing Activities $69.50M $59.95M $9.400M
YoY Change 639.36% -163.51% 77.36%
Cash From Investing Activities $32.87M -$148.0M -$318.2M
YoY Change -110.33% -70.79% 392.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.09M
YoY Change 567.95%
Debt Paid & Issued, Net $417.0M
YoY Change -21.44%
Cash From Financing Activities -30.87M $74.05M 229.3M
YoY Change -113.46% -82.72% -2010.83%
NET CHANGE
Cash From Operating Activities 22.08M $90.66M 9.900M
Cash From Investing Activities 32.87M -$148.0M -318.2M
Cash From Financing Activities -30.87M $74.05M 229.3M
Net Change In Cash 24.07M $16.72M -79.00M
YoY Change -130.47% 9.56% 361.99%
FREE CASH FLOW
Cash From Operating Activities $22.08M $90.66M $9.900M
Capital Expenditures -$36.63M $2.165M -$327.5M
Free Cash Flow $58.71M $88.49M $337.4M
YoY Change -82.6% -2.18% 160.74%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-31
CY2021 dei Entity Central Index Key
EntityCentralIndexKey
0001018164
CY2021 dei Amendment Flag
AmendmentFlag
false
CY2021 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2020Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssets
CY2021Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssets
CY2020Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2021Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2021 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P4Y
CY2021 dei Document Type
DocumentType
10-K
CY2021 dei Document Annual Report
DocumentAnnualReport
true
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021 dei Document Transition Report
DocumentTransitionReport
false
CY2021 dei Entity File Number
EntityFileNumber
001-15369
CY2021 dei Entity Registrant Name
EntityRegistrantName
WILLIS LEASE FINANCE CORP
CY2021 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
68-0070656
CY2021 dei Entity Address Address Line1
EntityAddressAddressLine1
4700 Lyons Technology Parkway
CY2021 dei Entity Address City Or Town
EntityAddressCityOrTown
Coconut Creek
CY2021 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2021 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33073
CY2021 dei City Area Code
CityAreaCode
561
CY2021 dei Local Phone Number
LocalPhoneNumber
349-9989
CY2021 dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value per share
CY2021 dei Trading Symbol
TradingSymbol
WLFC
CY2021 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2021 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2021 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2021 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2021 dei Entity Small Business
EntitySmallBusiness
true
CY2021 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2021 dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 dei Entity Public Float
EntityPublicFloat
140600000 USD
CY2022Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5937338 shares
CY2021 dei Auditor Name
AuditorName
Grant Thornton LLP
CY2021 dei Auditor Location
AuditorLocation
Cincinnati, OH
CY2021 dei Auditor Firm
AuditorFirmId
248
CY2020 dei Auditor Name
AuditorName
KPMG LLP
CY2020 dei Auditor Location
AuditorLocation
Fort Lauderdale, FL
CY2020 dei Auditor Firm
AuditorFirmId
185
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14329000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42540000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
81312000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
36385000 USD
CY2021Q4 wlfc Maintenance Rights
MaintenanceRights
22511000 USD
CY2020Q4 wlfc Maintenance Rights
MaintenanceRights
20097000 USD
CY2021Q4 wlfc Equipment Held For Sale
EquipmentHeldForSale
6952000 USD
CY2020Q4 wlfc Equipment Held For Sale
EquipmentHeldForSale
2850000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1154000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1372000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
39623000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
28269000 USD
CY2021Q4 us-gaap Airline Related Inventory Aircraft Parts
AirlineRelatedInventoryAircraftParts
50959000 USD
CY2020Q4 us-gaap Airline Related Inventory Aircraft Parts
AirlineRelatedInventoryAircraftParts
59434000 USD
CY2021Q4 us-gaap Investments
Investments
55927000 USD
CY2020Q4 us-gaap Investments
Investments
53275000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1188000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1246000 USD
CY2021Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
115456000 USD
CY2020Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
158708000 USD
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
26858000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
26977000 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
51975000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
43778000 USD
CY2021Q4 us-gaap Assets
Assets
2462927000 USD
CY2020Q4 us-gaap Assets
Assets
2364948000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
124332000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
116838000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1790264000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1693753000 USD
CY2021Q4 wlfc Maintenance Reserves
MaintenanceReserves
65976000 USD
CY2020Q4 wlfc Maintenance Reserves
MaintenanceReserves
82484000 USD
CY2021Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
19349000 USD
CY2020Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
19522000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10458000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11637000 USD
CY2021Q4 us-gaap Liabilities
Liabilities
2037237000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
1951211000 USD
CY2021Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
2500000 shares
CY2021Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
2500000 shares
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
2500000 shares
CY2021Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2500000 shares
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2500000 shares
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
2500000 shares
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
49805000 USD
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
49722000 USD
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6531000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6570000 shares
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
65000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
66000 USD
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
15401000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
13696000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
355388000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
355370000 USD
CY2021Q4 wlfc Accumulated Other Comprehensive Income Loss Tax
AccumulatedOtherComprehensiveIncomeLossTax
1469000 USD
CY2020Q4 wlfc Accumulated Other Comprehensive Income Loss Tax
AccumulatedOtherComprehensiveIncomeLossTax
-1428000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
5031000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5117000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
375885000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
364015000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2462927000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2364948000 USD
CY2021 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
5975000 USD
CY2020 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
3391000 USD
CY2021 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
10874000 USD
CY2020 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
0 USD
CY2021 us-gaap Revenues
Revenues
274202000 USD
CY2020 us-gaap Revenues
Revenues
288692000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
90504000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
94541000 USD
CY2021 us-gaap Selling Expense
SellingExpense
14927000 USD
CY2020 us-gaap Selling Expense
SellingExpense
16762000 USD
CY2021 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
7715000 USD
CY2020 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
20540000 USD
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
75350000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67910000 USD
CY2021 us-gaap Equipment Expense
EquipmentExpense
9381000 USD
CY2020 us-gaap Equipment Expense
EquipmentExpense
6533000 USD
CY2021 us-gaap Interest Expense
InterestExpense
67985000 USD
CY2020 us-gaap Interest Expense
InterestExpense
63024000 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4688000 USD
CY2021 us-gaap Interest And Debt Expense
InterestAndDebtExpense
67985000 USD
CY2020 us-gaap Interest And Debt Expense
InterestAndDebtExpense
67712000 USD
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
265862000 USD
CY2020 us-gaap Costs And Expenses
CostsAndExpenses
273998000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
8340000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
14694000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
800000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2642000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9140000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17336000 USD
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
83000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5788000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7588000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3352000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
9748000 USD
CY2021 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
3251000 USD
CY2020 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
3259000 USD
CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
84000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6405000 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6112000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5963000 shares
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3352000 USD
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6346000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6128000 shares
CY2020 us-gaap Net Income Loss
NetIncomeLoss
9748000 USD
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
398000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
1018000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent
11250000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent
-2298000 USD
CY2021 wlfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Joint Venture
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxJointVenture
1454000 USD
CY2020 wlfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Joint Venture
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxJointVenture
-1121000 USD
CY2021 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
13102000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-2401000 USD
CY2021 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
2954000 USD
CY2020 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-532000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10148000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1869000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13500000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7879000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
350338000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
9748000 USD
CY2020 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
225000 USD
CY2020 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
793000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
-757000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-2662000 USD
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1510000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
428000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
1155000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11378000 USD
CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
84000 USD
CY2020 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
1.30
CY2020 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3259000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
364015000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3352000 USD
CY2021 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
89000 USD
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
309000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
2865000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
9839000 USD
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10086000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
186000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
4974000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16578000 USD
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
83000 USD
CY2021 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
1.30
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3251000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
375885000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3352000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
9748000 USD
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
90504000 USD
CY2020 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
94541000 USD
CY2021 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
7715000 USD
CY2020 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
20540000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
16578000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
11378000 USD
CY2021 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
5016000 USD
CY2020 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
5140000 USD
CY2021 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-164000 USD
CY2020 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
5000 USD
CY2021 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
5975000 USD
CY2020 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
3391000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
800000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2642000 USD
CY2021 us-gaap Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
10874000 USD
CY2020 us-gaap Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
-79000 USD
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-44000 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
9000 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4688000 USD
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-4193000 USD
CY2020 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-6953000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11191000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4215000 USD
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7200000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7923000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7026000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
787000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
16252000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
58000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18441000 USD
CY2021 wlfc Increase Decrease In Maintenance Reserves
IncreaseDecreaseInMaintenanceReserves
-17582000 USD
CY2020 wlfc Increase Decrease In Maintenance Reserves
IncreaseDecreaseInMaintenanceReserves
-24386000 USD
CY2021 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-3827000 USD
CY2020 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
1166000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1179000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-3352000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
90658000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
93444000 USD
CY2021 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
37626000 USD
CY2020 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
26078000 USD
CY2021 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
58363000 USD
CY2020 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
8431000 USD
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
44444000 USD
CY2020 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
136583000 USD
CY2021 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
8404000 USD
CY2020 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
7630000 USD
CY2021 wlfc Payments For Equipment Held For Lease And For Sale
PaymentsForEquipmentHeldForLeaseAndForSale
205779000 USD
CY2020 wlfc Payments For Equipment Held For Lease And For Sale
PaymentsForEquipmentHeldForLeaseAndForSale
409250000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2165000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2976000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-147995000 USD
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
428000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10086000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1510000 USD
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
186000 USD
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3251000 USD
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3259000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4974000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-506670000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
513700000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
973200000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4556000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6065000 USD
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
416966000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
530783000 USD
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2373000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1155000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
74053000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
428483000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16716000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15257000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78925000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63668000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95641000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78925000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
50291000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
54339000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1412000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
510000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8868000 USD
CY2021 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
13368000 USD
CY2020 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
2800000 USD
CY2021 wlfc Transfers From Equipment Held For Operating Lease To Spare Parts Inventory
TransfersFromEquipmentHeldForOperatingLeaseToSparePartsInventory
4467000 USD
CY2020 wlfc Transfers From Equipment Held For Operating Lease To Spare Parts Inventory
TransfersFromEquipmentHeldForOperatingLeaseToSparePartsInventory
24702000 USD
CY2021 wlfc Transfers From Spare Parts Inventory To Equipment Held For Operating Lease
TransfersFromSparePartsInventoryToEquipmentHeldForOperatingLease
1555000 USD
CY2020 wlfc Transfers From Spare Parts Inventory To Equipment Held For Operating Lease
TransfersFromSparePartsInventoryToEquipmentHeldForOperatingLease
0 USD
CY2021 wlfc Transfers From Notes Receivable To Equipment Held For Operating Lease
TransfersFromNotesReceivableToEquipmentHeldForOperatingLease
27804000 USD
CY2020 wlfc Transfers From Notes Receivable To Equipment Held For Operating Lease
TransfersFromNotesReceivableToEquipmentHeldForOperatingLease
0 USD
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
83000 USD
CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
84000 USD
CY2021Q4 wlfc Lease Rent Receivable Past Due
LeaseRentReceivablePastDue
6800000 USD
CY2021Q4 wlfc Maintenance Reserve Receivable Past Due
MaintenanceReserveReceivablePastDue
4100000 USD
CY2021 wlfc Lease Rent And Maintenance Reserve Payments Receivable Past Due Period Minimum
LeaseRentAndMaintenanceReservePaymentsReceivablePastDuePeriodMinimum
P30D
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
900000 USD
CY2021 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
Interest Rate Hedging<div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company enters into various derivative instruments periodically to mitigate the exposure on variable rate borrowings. The derivative instruments are fixed-rate interest swaps that are recorded at fair value as either an asset or liability.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While substantially all of the Company’s derivative transactions are entered into for the purposes described above, hedge accounting is only applied where specific criteria have been met and it is practicable to do so. In order to apply hedge accounting, the transaction must be designated as a hedge and it must be highly effective. The hedging instrument’s effectiveness is assessed utilizing regression analysis at the inception of the hedge and on at least a quarterly basis throughout its life. All of the transactions that the Company has designated as hedges are cash flow hedges. The effective portion of the change in fair value on a derivative instrument designated as a cash flow hedge is reported as a component of other comprehensive income and is reclassified into earnings in the period during which the transaction being hedged affects earnings. The ineffective portion of the hedges is recorded in earnings in the current period.</span></div>
CY2021Q4 wlfc Prepaid Deposits
PrepaidDeposits
8500000 USD
CY2020Q4 wlfc Prepaid Deposits
PrepaidDeposits
10500000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Management Estimates<div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. Management evaluates estimates on an ongoing basis, including those related to residual values, estimated asset lives, impairments and bad debts. Estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management believes that the accounting policies on revenue recognition, maintenance reserves and expenditures, useful life of equipment, asset residual values, asset impairment and allowance for doubtful accounts are critical to the results of operations.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If the useful lives or residual values are lower than those estimated, upon sale of the asset a loss may be realized. Significant management judgment is required in the forecasting of future operating results, which are used in the preparation of projected undiscounted cash-flows and should different conditions prevail, material impairment write-downs may occur.</span></div>
CY2021Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2021Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2020 wlfc Amortization Of Lease Acquisition Costs
AmortizationOfLeaseAcquisitionCosts
1500000 USD
CY2021 wlfc Amortization Of Lease Acquisition Costs
AmortizationOfLeaseAcquisitionCosts
1500000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Risk Concentrations<div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments which potentially subject us to concentrations of credit risk consist principally of cash deposits, lease receivables and interest rate swaps.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company places its cash deposits, which exceed federally insured limits, with financial institutions and other credit-worthy institutions, such as money market funds, and limits the amount of credit exposure to any one party. Management opts for security of principal as opposed to yield. Concentrations of credit risk with respect to lease receivables are limited due to the large number of customers comprising the customer base, and their dispersion across different geographic areas. Some lessees are required to make payments for maintenance reserves at the end of the lease however, this risk is considered limited due to the relatively few lessees which have this provision in the lease. The Company enters into interest rate swap agreements with counterparties that are investment grade financial institutions.</span></div>
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6067000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3784000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6067000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3784000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5206000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3873000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5206000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3873000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y5M26D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1056000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
901000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
812000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
793000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
790000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1562000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5914000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
708000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5206000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1071000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
904000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
812000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
793000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
790000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1562000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5932000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1239000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1141000 USD
CY2021 us-gaap Lease Cost
LeaseCost
1239000 USD
CY2020 us-gaap Lease Cost
LeaseCost
1141000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1446000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1083000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4131000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
705000 USD
CY2021 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
5975000 USD
CY2021 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
10874000 USD
CY2021 us-gaap Revenues
Revenues
274202000 USD
CY2020 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
3391000 USD
CY2020 us-gaap Revenues
Revenues
288692000 USD
CY2021 wlfc Number Of Financing Receivables Sold
NumberOfFinancingReceivablesSold
2 noteReceivable
CY2021Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1991400000 USD
CY2021Q4 wlfc Net Investment In Lease Notes Receivable
NetInvestmentInLeaseNotesReceivable
115500000 USD
CY2021Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
304 engine
CY2021Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
12 aircraft.
CY2021Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
1 marineVessel
CY2020Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1886600000 USD
CY2020Q4 wlfc Net Investment In Lease Notes Receivable
NetInvestmentInLeaseNotesReceivable
158700000 USD
CY2020Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
291 engine
CY2020Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
8 aircraft.
CY2020Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
1 marineVessel
CY2021 wlfc Number Of Geographic Regions In Which Aircraft Lessees Are Domiciled In
NumberOfGeographicRegionsInWhichAircraftLesseesAreDomiciledIn
7 region
CY2021Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1991368000 USD
CY2020Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1886613000 USD
CY2021Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1991368000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
111643000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
46447000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
22412000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
9306000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
6177000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
27179000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
223164000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
57936000 USD
CY2020 wlfc Income Loss From Equity Method Investments Excluding Amortization On Deferred Gains
IncomeLossFromEquityMethodInvestmentsExcludingAmortizationOnDeferredGains
2642000 USD
CY2020 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
7200000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1018000 USD
CY2020 wlfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Joint Venture
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxJointVenture
-1121000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
53275000 USD
CY2021 wlfc Income Loss From Equity Method Investments Excluding Amortization On Deferred Gains
IncomeLossFromEquityMethodInvestmentsExcludingAmortizationOnDeferredGains
800000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
398000 USD
CY2021 wlfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Joint Venture
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxJointVenture
1454000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
55927000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1809620000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1712886000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19356000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19133000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1790264000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1693753000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
79726000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
63069000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
652236000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
61001000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
280029000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
673559000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1809620000 USD
CY2021Q2 wlfc Number Of Assets Used To Secure Debt
NumberOfAssetsUsedToSecureDebt
2 engine
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4659000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
16990000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4481000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
346000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9140000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17336000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-2000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1597000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1595000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4072000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
121000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4193000 USD
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
4072000 USD
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
119000 USD
CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
1597000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5788000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-88000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
723000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
635000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6251000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
702000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6953000 USD
CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
6251000 USD
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
614000 USD
CY2020 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
723000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7588000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1844000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3640000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
119000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
633000 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 USD
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
705000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
508000 USD
CY2021 wlfc Income Tax Reconciliation Permanent Differences Relating To Irs Section162m
IncomeTaxReconciliationPermanentDifferencesRelatingToIRSSection162m
2042000 USD
CY2020 wlfc Income Tax Reconciliation Permanent Differences Relating To Irs Section162m
IncomeTaxReconciliationPermanentDifferencesRelatingToIRSSection162m
2748000 USD
CY2021 wlfc Income Tax Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
IncomeTaxReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
1078000 USD
CY2020 wlfc Income Tax Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
IncomeTaxReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
59000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5788000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7588000 USD
CY2021 wlfc Effective Income Tax Rate Reconciliation Subpart F Income From Foreign Operations Amount
EffectiveIncomeTaxRateReconciliationSubpartFIncomeFromForeignOperationsAmount
1400000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
270000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
66000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
330000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
317000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13000 USD
CY2021Q4 wlfc Uncertain Tax Positions Reserved For Foreign Exposure
UncertainTaxPositionsReservedForForeignExposure
0.0 USD
CY2020Q4 wlfc Uncertain Tax Positions Reserved For Foreign Exposure
UncertainTaxPositionsReservedForForeignExposure
300000 USD
CY2021 wlfc Uncertain Tax Positions Amount Reserved For Foreign Exposure Period Increase Decrease
UncertainTaxPositionsAmountReservedForForeignExposurePeriodIncreaseDecrease
-300000 USD
CY2021Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Lease Revenue
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUnearnedLeaseRevenue
2217000 USD
CY2020Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Lease Revenue
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUnearnedLeaseRevenue
2519000 USD
CY2021Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
0 USD
CY2020Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
10000 USD
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1486000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2153000 USD
CY2021Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReservesAndAllowances
6781000 USD
CY2020Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReservesAndAllowances
4356000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
2577000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1769000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
0 USD
CY2021Q4 wlfc Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
146000 USD
CY2020Q4 wlfc Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
198000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
68168000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
74045000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
33000 USD
CY2021Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
2000 USD
CY2020Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
65000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
81410000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
33000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
85148000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
518000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
468000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
80892000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
84680000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
183131000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
163773000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
0 USD
CY2021Q4 wlfc Deferred Tax Liabilities Notes Receivable
DeferredTaxLiabilitiesNotesReceivable
15911000 USD
CY2020Q4 wlfc Deferred Tax Liabilities Notes Receivable
DeferredTaxLiabilitiesNotesReceivable
34426000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
139000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
184000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
4595000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
4616000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
203776000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
202999000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
1448000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
1481000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
124332000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
116838000 USD
CY2021Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
117700000 USD
CY2020Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
159200000 USD
CY2021Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1827400000 USD
CY2020Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1691000000 USD
CY2021 wlfc Gain Loss On Equipment Held For Lease
GainLossOnEquipmentHeldForLease
7651000 USD
CY2020 wlfc Gain Loss On Equipment Held For Lease
GainLossOnEquipmentHeldForLease
20470000 USD
CY2021 wlfc Gain Loss On Equipment Held For Sale
GainLossOnEquipmentHeldForSale
64000 USD
CY2020 wlfc Gain Loss On Equipment Held For Sale
GainLossOnEquipmentHeldForSale
70000 USD
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
7715000 USD
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
20540000 USD
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6405000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6112000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5963000 shares
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1500000 USD
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
44800000 USD
CY2020 wlfc Stock Repurchased Average Cost Per Share
StockRepurchasedAverageCostPerShare
27.24
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6128000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
234000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
165000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6346000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2021Q4 us-gaap Purchase Obligation
PurchaseObligation
439900000 USD
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
60000000 USD
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10100000 USD
CY2021 wlfc Stock Repurchased Average Cost Per Share
StockRepurchasedAverageCostPerShare
37.57
CY2021 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.065
CY2021Q4 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
20.00
CY2021Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
20.00
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16578000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11378000 USD
CY2021 wlfc Defined Contribution Plan Maximum Percentage Of Pre Tax Salary That Could Be Deferred By Participants
DefinedContributionPlanMaximumPercentageOfPreTaxSalaryThatCouldBeDeferredByParticipants
0.75
CY2021 wlfc Defined Contribution Plan Maximum Amount Of Pre Tax Salary That Could Be Deferred By Participants
DefinedContributionPlanMaximumAmountOfPreTaxSalaryThatCouldBeDeferredByParticipants
19500 USD
CY2021 wlfc Defined Contribution Plan Maximum Amount Of Wages To Be Deferred By Participants With50 Years Of Age
DefinedContributionPlanMaximumAmountOfWagesToBeDeferredByParticipantsWith50YearsOfAge
26000 USD
CY2021 wlfc Defined Contribution Plan Minimum Age Of Employees For Specified Contribution Amount
DefinedContributionPlanMinimumAgeOfEmployeesForSpecifiedContributionAmount
P50Y
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50
CY2021 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
13000000 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
800000 USD
CY2021 wlfc Annual Insurance Premium
AnnualInsurancePremium
6800 USD
CY2021 wlfc One Time Subscriber Fee
OneTimeSubscriberFee
695 USD
CY2021Q4 wlfc Related Party Transaction Tender Price
RelatedPartyTransactionTenderPrice
500000 USD
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment.
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment.
CY2021 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
5975000 USD
CY2021 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
10874000 USD
CY2021 us-gaap Revenues
Revenues
274202000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
90504000 USD
CY2021 us-gaap Selling Expense
SellingExpense
14927000 USD
CY2021 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
7715000 USD
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
75350000 USD
CY2021 us-gaap Equipment Expense
EquipmentExpense
9381000 USD
CY2021 us-gaap Interest Expense
InterestExpense
67985000 USD
CY2021 wlfc Finance Costs Net
FinanceCostsNet
67985000 USD
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
265862000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
8340000 USD
CY2020 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
3391000 USD
CY2020 us-gaap Revenues
Revenues
288692000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
94541000 USD
CY2020 us-gaap Selling Expense
SellingExpense
16762000 USD
CY2020 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
20540000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67910000 USD
CY2020 us-gaap Equipment Expense
EquipmentExpense
6533000 USD
CY2020 us-gaap Interest Expense
InterestExpense
63024000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4688000 USD
CY2020 wlfc Finance Costs Net
FinanceCostsNet
67712000 USD
CY2020 us-gaap Costs And Expenses
CostsAndExpenses
273998000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
14694000 USD
CY2021 wlfc Number Of Financing Receivables Sold
NumberOfFinancingReceivablesSold
2 noteReceivable
CY2021Q4 us-gaap Assets
Assets
2462927000 USD
CY2020Q4 us-gaap Assets
Assets
2364948000 USD

Files In Submission

Name View Source Status
0001018164-22-000007-index-headers.html Edgar Link pending
0001018164-22-000007-index.html Edgar Link pending
0001018164-22-000007.txt Edgar Link pending
0001018164-22-000007-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wlfc-20211231.htm Edgar Link pending
wlfc-20211231.xsd Edgar Link pending
wlfc-20211231xex211xlistof.htm Edgar Link pending
wlfc-20211231xex231xconsen.htm Edgar Link pending
wlfc-20211231xex232xconsen.htm Edgar Link pending
wlfc-20211231xex311.htm Edgar Link pending
wlfc-20211231xex312.htm Edgar Link pending
wlfc-20211231xex32.htm Edgar Link pending
wlfc-20211231_cal.xml Edgar Link unprocessable
wlfc-20211231_def.xml Edgar Link unprocessable
wlfc-20211231_htm.xml Edgar Link completed
wlfc-20211231_lab.xml Edgar Link unprocessable
wlfc-20211231_pre.xml Edgar Link unprocessable