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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash $ 20,071 $ 31,141
Cash attributable to variable interest entities 19,984 14,600
Accounts receivable (owned fleet), net of allowance for doubtful accounts of $499 and $503 at March 31, 2014 and December 31, 2013, respectively 44,342 41,226
Accounts receivable (managed fleet) 11,109 10,646
Current portion of direct finance leases 15,515 12,998
Prepaid expenses 14,141 14,803
Other current assets 5,557 5,553
Total current assets 130,719 130,967
Restricted cash 8,998 9,253
Rental equipment, net of accumulated depreciation of $227,003 and $210,165 at March 31, 2014 and December 31, 2013, respectively 1,471,493 1,465,092
Net investment in direct finance leases 79,016 68,210
Furniture, fixtures and equipment, net of accumulated depreciation of $1,759 and $1,697 at March 31, 2014 and December 31, 2013, respectively 1,274 1,390
Intangible assets, net of accumulated amortization of $4,737 and $4,638 at March 31, 2014 and December 31, 2013, respectively 577 677
Total assets 1,692,077 [1] 1,675,589 [1]
Current liabilities    
Accounts payable 7,374 8,002
Accrued expenses and other current liabilities 4,866 6,230
Due to container investors 13,357 14,815
Unearned revenue 6,987 6,862
Current portion of debt 73,880 74,080
Current portion of capital lease obligations 1,815 1,921
Rental equipment payable 23,043 45,181
Total current liabilities 131,322 157,091
Debt 1,086,432 1,058,628
Deferred income tax liability 41,376 41,378
Capital lease obligations 3,004 3,366
Total liabilities 1,262,134 [2] 1,260,463 [2]
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 22,242,256 and 22,240,673 shares at March 31, 2014 and December 31, 2013, respectively 2 2
Additional paid-in capital 184,700 184,263
Accumulated other comprehensive loss (2,291) (2,356)
Retained earnings 246,894 232,623
Total CAI stockholders' equity 429,305 414,532
Non-controlling interest 638 594
Total stockholders' equity 429,943 415,126
Total liabilities and stockholders' equity $ 1,692,077 $ 1,675,589
[1] Table of ContentsTotal assets at March 31, 2014 and December 31, 2013 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $19,984 and $14,600; Net investment in direct finance leases, $141 and $137; and Rental equipment net of accumulated depreciation, $88,045 and $84,107, respectively.
[2] Total liabilities at March 31, 2014 and December 31, 2013 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Debt, $109,003 and $101,269, respectively.