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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue        
Rental revenue $ 57,542 $ 55,380 $ 169,091 $ 157,557
Logistics revenue 5,406   5,474  
Finance lease income 2,256 2,262 6,953 6,541
Management fee revenue 913 1,561 2,457 4,681
Total revenue 66,117 59,203 183,975 168,779
Operating expenses        
Depreciation of rental equipment 22,655 19,888 65,907 57,607
Storage, handling and other expenses 8,148 6,532 21,837 19,322
Logistics cost of sales 4,818   4,888  
Gain on sale of used rental equipment (72) (1,237) (237) (4,561)
Marketing, general and administrative expenses 7,284 6,676 21,383 19,779
Amortization of intangible assets 28 95 157 293
Loss on foreign exchange 2 70 61 387
Total operating expenses 42,863 32,024 113,996 92,827
Operating income 23,254 27,179 69,979 75,952
Interest expense 8,968 9,265 26,797 26,943
Interest income (1) (1) (5) (6)
Net interest expense 8,967 9,264 26,792 26,937
Net income before income taxes and non-controlling interest 14,287 17,915 43,187 49,015
Income tax expense 1,272 1,482 3,671 4,857
Net income 13,015 16,433 39,516 44,158
Net income attributable to non-controlling interest (26) (38) (96) (46)
Net income attributable to CAI common stockholders $ 12,989 $ 16,395 $ 39,420 $ 44,112
Net income per share attributable to CAI common stockholders        
Basic $ 0.62 $ 0.78 $ 1.88 $ 2.08
Diluted $ 0.62 $ 0.77 $ 1.86 $ 2.04
Weighted average shares outstanding        
Basic 20,920 20,936 20,973 21,193
Diluted 21,059 21,329 21,236 21,622