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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets    
Cash $ 13,626 $ 27,810
Cash held by variable interest entities 50,542 26,011
Accounts receivable (owned fleet), net of allowance for doubtful accounts of $1,047 and $680 at September 30, 2015 and December 31, 2014, respectively 51,322 49,524
Accounts receivable (managed fleet) 6,165 8,498
Current portion of direct finance leases 20,153 18,150
Prepaid expenses 13,728 14,806
Total current assets 155,536 144,799
Restricted cash 7,467 8,232
Rental equipment, net of accumulated depreciation of $330,802 and $274,333 at September 30, 2015 and December 31, 2014, respectively 1,740,878 1,564,777
Net investment in direct finance leases 83,180 76,814
Goodwill 2,905  
Intangible assets, net of accumulated amortization of $4,853 and $4,817 at September 30, 2015 and December 31, 2014, respectively 1,298 273
Furniture, fixtures and equipment, net of accumulated depreciation of $2,692 and $2,019 at September 30, 2015 and December 31, 2014, respectively 754 945
Total assets [1] 1,992,018 1,795,840
Current liabilities    
Accounts payable 11,406 8,414
Accrued expenses and other current liabilities 8,335 9,029
Due to container investors 7,615 12,984
Unearned revenue 9,404 7,172
Current portion of debt 133,809 203,199
Current portion of capital lease obligations 32 1,015
Rental equipment payable 21,750 7,381
Total current liabilities 192,351 249,194
Debt 1,280,112 1,058,754
Deferred income tax liability 43,877 43,419
Capital lease obligations   1,568
Total liabilities [2] 1,516,340 1,352,935
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 20,222,243 and 20,788,277 shares at September 30, 2015 and December 31, 2014, respectively 2 2
Additional paid-in capital 149,888 154,894
Accumulated other comprehensive loss (7,414) (5,677)
Retained earnings 332,317 292,897
Total CAI stockholders' equity 474,793 442,116
Non-controlling interest 885 789
Total stockholders' equity 475,678 442,905
Total liabilities and stockholders' equity $ 1,992,018 $ 1,795,840
[1] Total assets at September 30, 2015 and December 31, 2014 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $50,542 and $26,011; Net investment in direct finance leases, $346 and $156; and Rental equipment, net of accumulated depreciation, $77,870 and $102,100, respectively.
[2] Total liabilities at September 30, 2015 and December 31, 2014 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $62,744 and none; Debt, $69,057 and $132,419, respectively.