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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue        
Rental revenue $ 48,387 $ 35,101 $ 95,010 $ 67,588
Management fee revenue 2,294 3,006 4,524 7,207
Gain on sale of equipment portfolios 0 0 0 1,256
Finance lease income 2,306 1,618 4,412 3,081
Total revenue 52,987 39,725 103,946 79,132
Operating expenses        
Depreciation of rental equipment 16,285 11,053 31,618 21,711
Amortization of intangible assets 227 225 454 452
Gain on disposition of used rental equipment (1,857) (3,225) (4,493) (6,320)
Storage, handling and other expenses 4,333 1,762 8,632 3,768
Marketing, general and administrative expense 6,031 5,812 12,219 12,335
Loss (gain) on foreign exchange 125 (264) (175) (68)
Total operating expenses 25,144 15,363 48,255 31,878
Operating income 27,843 24,362 55,691 47,254
Interest expense 8,955 6,320 17,359 12,256
Write-off of deferred financing costs 0 0 1,108 0
Interest income (1) (2) (4) (7)
Net interest expense 8,954 6,318 18,463 12,249
Net income before income taxes and non-controlling interest 18,889 18,044 37,228 35,005
Income tax expense 1,958 2,396 4,230 4,901
Net income 16,931 15,648 32,998 30,104
Net income attributable to non-controlling interest 0 (513) 0 (578)
Net income attributable to CAI common stockholders $ 16,931 $ 15,135 $ 32,998 $ 29,526
Net income per share attributable to CAI common stockholders        
Basic (in dollars per share) $ 0.76 $ 0.78 $ 1.49 $ 1.53
Diluted (in dollars per share) $ 0.75 $ 0.77 $ 1.45 $ 1.50
Weighted average shares outstanding        
Basic (in shares) 22,144 19,295 22,115 19,295
Diluted (in shares) 22,711 19,719 22,690 19,712