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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net income $ 32,998 $ 30,104
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 31,881 21,943
Amortization of debt issuance costs 2,398 1,216
Amortization of intangible assets 454 452
Stock-based compensation expense 678 604
(Gain) loss on foreign exchange (162) 263
Gain on sale of equipment portfolios 0 (1,256)
Gain on disposition of used rental equipment (4,493) (6,320)
Deferred income taxes (52) 51
Bad debt expense 86 85
Changes in other operating assets and liabilities:    
Accounts receivable 2,711 (1,679)
Prepaid expenses and other assets 338 (207)
Accounts payable, accrued expenses and other current liabilities (1,610) 4,080
Due to container investors (5,857) (8)
Unearned revenue (855) 844
Net cash provided by operating activities 58,515 50,172
Cash flows from investing activities    
Purchase of rental equipment (237,043) (195,784)
Net proceeds from sale of equipment portfolios 0 10,320
Net proceeds from disposition of used rental equipment 15,542 16,449
Purchase of furniture, fixtures and equipment (52) (107)
Receipt of principal payments from direct financing leases 5,850 3,879
Net cash used in investing activities (215,703) (165,243)
Cash flows from financing activities    
Stock issuance costs (148) 0
Exercise of stock options 1,165 0
Proceeds from debt 486,170 316,693
Principal payments on debt (300,366) (190,491)
Debt issuance costs (6,522) (1,517)
Increase in restricted cash (5,387) (543)
Net cash provided by financing activities 174,912 124,142
Effect on cash of foreign currency translation (1,807) 2
Net increase in cash 15,917 9,073
Cash at beginning of the period 17,671 14,078
Cash at end of the period 33,588 23,151
Cash paid during the period for:    
Income taxes 4,265 1,912
Interest 15,293 10,254
Supplemental disclosure of non-cash investing and financing activity    
Transfer of rental equipment to direct finance lease 27,472 28,720
Transfer of direct finance lease to rental equipment 30,118 0
Payment of revolving credit facility from term loan $ 0 $ 20,000