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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income $ 30,104 $ 24,086
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 21,943 14,407
Amortization of debt issuance costs 1,216 621
Amortization of intangible assets 452 686
Stock-based compensation expense 604 572
Loss (gain) on foreign exchange 263 (95)
Gain on sale of container portfolios (1,256) (1,663)
Gain on disposition of used rental equipment (6,320) (6,400)
Deferred income taxes 51 480
Bad debt expense (recovery) 85 (1,044)
Changes in other operating assets and liabilities:    
Accounts receivable (1,679) 2,031
Prepaid expenses and other assets (207) (1,306)
Accounts payable, accrued expenses and other current liabilities 4,080 (890)
Due to container investors (8) 849
Unearned revenue 844 (7)
Net cash provided by operating activities 50,172 32,327
Cash flows from investing activities    
Purchase of rental equipment (195,784) (261,258)
Net proceeds from sale of container portfolios 10,320 12,642
Net proceeds from disposition of used rental equipment 16,449 15,627
Purchase of furniture, fixtures and equipment (107) (65)
Receipt of principal payments from direct financing leases 3,879 3,010
Net cash used in investing activities (165,243) (230,044)
Cash flows from financing activities    
Stock issuance costs 0 (132)
Proceeds from bank debt 299,458 221,800
Proceeds from collateralized financing obligations 17,235 0
Principal payments on capital leases (1,348) (2,661)
Principal payments on bank debt (188,707) (24,600)
Principal payments on collateralized financing obligations (436) 0
Debt issuance costs (1,517) (456)
Increase in restricted cash (543) 0
Net cash provided by financing activities 124,142 193,951
Effect on cash of foreign currency translation 2 437
Net increase (decrease) in cash 9,073 (3,329)
Cash at beginning of the period 14,078 14,393
Cash at end of the period 23,151 11,064
Cash paid during the period for:    
Income taxes 1,912 3,353
Interest 10,254 5,112
Supplemental disclosure of non-cash investing and financing activity    
Transfer of container rental equipment to direct finance lease 27,720 5,510
Payment of revolving credit facility from term loan $ 20,000 $ 0