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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash $ 17,447 $ 27,810
Accounts receivable, net of allowance for doubtful accounts of $548 and $680 at December 31, 2015 and 2014, respectively 55,284 58,022
Current portion of direct finance leases 21,158 18,150
Prepaid expenses and other current assets 15,114 14,806
Total current assets 144,109 144,799
Restricted cash 7,212 8,232
Rental equipment, net of accumulated depreciation of $349,810 and $274,333 at December 31, 2015 and 2014, respectively 1,748,211 1,564,777
Net investment in direct finance leases 82,210 76,814
Goodwill 2,905  
Intangible assets, net of accumulated amortization of $4,881 and $4,817 at December 31, 2015 and 2014, respectively 1,223 273
Furniture, fixtures and equipment, net of accumulated depreciation of $2,027 and $2,019 at December 31, 2015 and 2014, respectively 674 945
Total assets [1] 1,986,544 1,795,840
Current liabilities    
Accounts payable 11,962 8,414
Accrued expenses and other current liabilities 4,808 9,029
Due to container investors 5,801 12,984
Unearned revenue 11,990 7,172
Current portion of debt 172,416 203,199
Current portion of capital lease obligations 5 1,015
Rental equipment payable 10,901 7,381
Total current liabilities 217,883 249,194
Debt 1,259,196 1,058,754
Deferred income tax liability 48,204 43,419
Capital lease obligations   1,568
Total liabilities [2] 1,525,283 1,352,935
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 20,132,706 and 20,788,277 shares at December 31, 2015 and 2014, respectively 2 2
Additional paid-in capital 148,523 154,894
Accumulated other comprehensive loss (7,922) (5,677)
Retained earnings 319,735 292,897
Total CAI stockholders' equity 460,338 442,116
Non-controlling interest 923 789
Total stockholders' equity 461,261 442,905
Total liabilities and stockholders' equity 1,986,544 1,795,840
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 35,106 26,011
Rental equipment, net of accumulated depreciation of $349,810 and $274,333 at December 31, 2015 and 2014, respectively 85,101 102,100
Net investment in direct finance leases 1,915 156
Current liabilities    
Current portion of debt 60,382 0
Debt $ 59,445 $ 132,419
[1] Total assets at December 31, 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, $35,106 and $26,011; Net investment in direct finance leases, $1,915 and $156; and Rental equipment net of accumulated depreciation, $85,101 and $102,100, respectively.
[2] Total liabilities at December 31, 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, $60,382 and none; Debt, $59,445 and $132,419, respectively.