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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Rental revenue $ 56,734 $ 51,493 $ 111,617 $ 102,177
Management fee revenue 287 1,595 1,544 3,120
Finance lease income 2,345 2,224 4,697 4,279
Total revenue 59,366 55,312 117,858 109,576
Operating expenses        
Depreciation of rental equipment 22,029 19,056 43,252 37,719
Amortization of intangible assets 45 99 129 198
Loss (gain) on sale of used rental equipment 192 (1,534) (165) (3,324)
Storage, handling and other expenses 6,994 6,797 13,759 12,790
Marketing, general and administrative expenses 6,972 6,397 14,099 13,103
Loss on foreign exchange 100 153 59 317
Total operating expenses 36,332 30,968 71,133 60,803
Operating income 23,034 24,344 46,725 48,773
Interest expense 9,048 8,883 17,829 17,678
Interest income (1) (1) (4) (5)
Net interest expense 9,047 8,882 17,825 17,673
Net income before income taxes and non-controlling interest 13,987 15,462 28,900 31,100
Income tax expense 1,057 1,968 2,399 3,375
Net income 12,930 13,494 26,501 27,725
Net income attributable to non-controlling interest (41) (48) (70) (8)
Net income attributable to CAI common stockholders $ 12,889 $ 13,446 $ 26,431 $ 27,717
Net income per share attributable to CAI common stockholders        
Basic (in dollars per share) $ 0.61 $ 0.61 $ 1.26 $ 1.26
Diluted (in dollars per share) $ 0.60 $ 0.60 $ 1.24 $ 1.23
Weighted average shares outstanding        
Basic (in shares) 21,095 21,910 21,000 22,061
Diluted (in shares) 21,398 22,355 21,346 22,506