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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income $ 16,067 $ 14,456
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 15,465 10,773
Amortization of debt issuance costs 1,692 626
Amortization of intangible assets 227 227
Stock-based compensation expense 336 303
(Gain) loss on foreign exchange (271) 66
Gain on sale of equipment portfolios 0 (1,256)
Gain on disposition of used rental equipment (2,636) (3,095)
Deferred income taxes (101) 127
Bad debt expense 170 145
Changes in other operating assets and liabilities:    
Accounts receivable 429 (1,151)
Prepaid expenses and other assets 68 (187)
Accounts payable, accrued expenses and other current liabilities (4,120) 1,545
Due to container investors (2,304) 2,005
Unearned revenue (90) 580
Net cash provided by operating activities 24,932 25,164
Cash flows from investing activities    
Purchase of rental equipment (103,725) (64,946)
Net proceeds from sale of equipment portfolios 0 10,320
Net proceeds from disposition of used rental equipment 8,475 9,874
Purchase of furniture, fixtures and equipment (52) (1)
Receipt of principal payments from direct financing leases 2,612 1,685
Net cash used in investing activities (92,690) (43,068)
Cash flows from financing activities    
Stock issuance costs (148) 0
Exercise of stock options 1,108 0
Proceeds from debt 367,670 141,500
Principal payments on debt (278,269) (88,860)
Debt issuance costs (6,214) (434)
Increase in restricted cash (5,642) (544)
Net cash provided by financing activities 78,505 51,662
Effect on cash of foreign currency translation (1,650) (243)
Net increase in cash 9,097 33,515
Cash at beginning of the period 17,671 14,078
Cash at end of the period 26,768 47,593
Cash paid during the period for:    
Income taxes 2,502 1,569
Interest 8,447 4,743
Supplemental disclosure of non-cash investing and financing activity    
Transfer of rental equipment to direct finance lease $ 3,025 $ 19,557