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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue    
Container rental revenue$ 27,593$ 17,184$ 74,689$ 43,502
Management fee revenue3,0652,2449,8556,961
Gain on sale of container portfolios68202,345614
Finance lease income1,6226912,5741,598
Total revenue32,96220,11989,46352,675
Operating expenses    
Depreciation of container rental equipment8,5395,39922,71114,077
Amortization of intangible assets3393391,0251,034
Impairment of container rental equipment5121540
Gain on disposition of used container equipment(3,751)(1,842)(10,151)(5,760)
Storage, handling and other expenses1,0649873,5194,941
Marketing, general and administrative expenses5,3174,97615,43615,452
(Gain) loss on foreign exchange(239)116(216)527
Total operating expenses11,2749,98732,33930,311
Operating income21,68810,13257,12422,364
Interest expense4,3001,44210,8033,262
Interest income(2)(1)(6)(121)
Net interest expense4,2981,44110,7973,141
Net income before income taxes and non-controlling interest17,3908,69146,32719,223
Income tax expense (benefit)3,585(519)8,4361,288
Net income13,8059,21037,89117,935
Net income attributable to non-controlling interest(183)(49)(593)(49)
Net income attributable to CAI common stockholders$ 13,622$ 9,161$ 37,298$ 17,886
Net income per share attributable to CAI common stockholders    
Basic (in dollars per share)$ 0.71$ 0.51$ 1.93$ 1.00
Diluted (in dollars per share)$ 0.70$ 0.50$ 1.89$ 0.99
Weighted average shares outstanding    
Basic (in shares)19,29517,91419,29517,910
Diluted (in shares)19,58118,15119,72718,122