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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue        
Rental revenue $ 35,101 $ 24,711 $ 67,588 $ 47,096
Management fee revenue 3,006 3,275 7,207 6,790
Gain on sale of container portfolios 0 253 1,256 1,663
Finance lease income 1,618 520 3,081 952
Total revenue 39,725 28,759 79,132 56,501
Operating expenses        
Depreciation of rental equipment 11,053 7,441 21,711 14,182
Amortization of intangible assets 225 343 452 686
Gain on disposition of used rental equipment (3,225) (2,785) (6,320) (6,400)
Storage, handling and other expenses 1,762 1,360 3,768 2,455
Marketing, general and administrative expense 5,812 5,517 12,335 10,119
(Gain) loss on foreign exchange (264) (37) (68) 23
Total operating expenses 15,363 11,839 31,878 21,065
Operating income 24,362 16,920 47,254 35,436
Interest expense 6,320 3,529 12,256 6,503
Interest income (2) (1) (7) (4)
Net interest expense 6,318 3,528 12,249 6,499
Net income before income taxes and non-controlling interest 18,044 13,392 35,005 28,937
Income tax expense 2,396 2,301 4,901 4,851
Net income 15,648 11,091 30,104 24,086
Net income attributable to non-controlling interest (513) (211) (578) (410)
Net income attributable to CAI common stockholders $ 15,135 $ 10,880 $ 29,526 $ 23,676
Net income per share attributable to CAI common stockholders        
Basic (in dollars per share) $ 0.78 $ 0.56 $ 1.53 $ 1.23
Diluted (in dollars per share) $ 0.77 $ 0.55 $ 1.50 $ 1.20
Weighted average shares outstanding        
Basic (in shares) 19,295 19,295 19,295 19,295
Diluted (in shares) 19,719 19,798 19,712 19,779