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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net income $ 14,456 $ 12,995
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 10,773 6,851
Amortization of debt issuance costs 626 311
Amortization of intangible assets 227 343
Stock-based compensation expense 303 265
Loss on foreign exchange 66 55
Gain on sale of container portfolios (1,256) (1,410)
Gain on disposition of used container equipment (3,095) (3,615)
Deferred income taxes 127 145
Bad debt expense (recovery) 145 (892)
Changes in other operating assets and liabilities:    
Accounts receivable (1,151) 2,764
Prepaid expenses and other assets (187) 735
Accounts payable, accrued expenses and other current liabilities 1,545 (828)
Due to container investors 2,005 (445)
Unearned revenue 580 281
Net cash provided by operating activities 25,164 17,555
Cash flows from investing activities    
Purchase of containers (64,946) (101,012)
Net proceeds from sale of container portfolios 10,320 8,362
Net proceeds from disposition of used container equipment 9,874 8,942
Purchase of furniture, fixtures and equipment (1) (29)
Receipt of principal payments from direct financing leases 1,685 1,398
Net cash used in investing activities (43,068) (82,339)
Cash flows from financing activities    
Stock issuance costs 0 (95)
Proceeds from bank debt 141,500 82,500
Principal payments on capital leases (919) (1,497)
Principal payments on bank debt (87,941) (16,900)
Debt issuance costs (434) (92)
Increase in restricted cash (544) 0
Net cash provided by financing activities 51,662 63,916
Effect on cash of foreign currency translation (243) 321
Net increase (decrease) in cash 33,515 (547)
Cash at beginning of the period 14,078 14,393
Cash at end of the period 47,593 13,846
Cash paid during the period for:    
Income taxes 1,569 261
Interest 4,743 2,262
Supplemental disclosure of non-cash investing and financing activity    
Transfer of container rental equipment to direct finance lease $ 19,557 $ 1,241