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CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 24,086 $ 8,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 14,397 8,773
Amortization of debt issuance costs 621 256
Amortization of intangible assets 686 695
Impairment of container rental equipment 10 28
Stock-based compensation expense 572 536
(Gain) loss on foreign exchange (95) 755
Gain on sale of container portfolios (1,663) (614)
Gain on disposition of used container equipment (6,400) (3,918)
Deferred income taxes 480 0
Restructuring charges 0 107
Bad debt (recovery), net (1,044) 427
Changes in other operating assets and liabilities:    
Accounts receivable 2,031 (4,986)
Prepaid expenses and other assets (1,306) 4,428
Accounts payable, accrued expenses and other current liabilities (890) (5,340)
Due to container investors 849 2,850
Unearned revenue (7) 60
Net cash provided by operating activities 32,327 12,782
Cash flows from investing activities:    
Purchase of containers (261,258) (40,260)
Net proceeds from sale of container portfolios 12,642 12,367
Net proceeds from disposition of used container equipment 15,627 17,112
Purchase of furniture, fixtures and equipment (65) (85)
Receipt of principal payments from direct financing leases 3,010 2,847
Net cash used in investing activities (230,044) (8,019)
Cash flows from financing activities:    
Proceeds from bank debt 221,800 29,200
Principal payments on capital leases (2,661) (1,864)
Principal payments made on bank debt (24,200) (40,200)
Principal payments on related party term loan (400) (400)
Debt issuance costs (456) 0
Stock issuance costs (132) 0
Net cash provided by (used in) financing activities 193,951 (13,264)
Effect on cash of foreign currency translation 437 (593)
Net decrease in cash (3,329) (9,094)
Cash at beginning of the period 14,393 14,492
Cash at end of the period 11,064 5,398
Cash paid during the period for:    
Income taxes 3,353 788
Interest 5,112 1,318
Supplemental disclosure of non-cash investing and financing activity:    
Transfer of container rental equipment to direct finance lease 5,510 5,111
Transfer of container rental equipment off direct finance lease 0 1,237
Open Item - Container equipment purchase funded by offset to accounts receivable $ 0 $ 1,764