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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 26,972 $ 60,385 $ 64,520
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 114,003 78,451 67,631
Amortization of debt issuance costs 2,706 3,165 3,780
Amortization of intangible assets 232 383 780
Stock-based compensation expense 1,915 1,885 1,536
Unrealized loss (gain) on foreign exchange 251 81 (282)
Loss (gain) on sale of used rental equipment 654 (6,522) (7,356)
Deferred income taxes 4,967 2,170 3,205
Bad debt expense (recovery) 448 248 (227)
Changes in other operating assets and liabilities:      
Accounts receivable 4,733 (6,397) 7,404
Prepaid expenses and other assets (81) 4,256 (3,136)
Accounts payable, accrued expenses and other current liabilities (3,654) 3,046 (8,839)
Due to container investors (7,183) (1,831) (3,774)
Unearned revenue 1,406 367 (1,056)
Net cash provided by operating activities 147,369 139,687 124,186
Cash flows from investing activities      
Purchase of rental equipment (389,331) (307,283) (312,144)
Acquisition of ClearPointt Logistics LLC (4,100)    
Net proceeds from sale of used rental equipment 66,150 65,637 33,069
Purchase of furniture, fixtures and equipment (83) (28) (60)
Receipt of principal payments from direct financing leases 22,116 16,319 12,329
Net cash used in investing activities (305,248) (225,355) (266,806)
Cash flows from financing activities      
Proceeds from debt 748,731 372,510 588,870
Principal payments on debt (581,739) (245,136) (406,961)
Debt issuance costs (3,226) (1,999) (6,595)
Decrease (increase) in restricted cash 1,020 1,021 (4,877)
Repurchase of stock (12,997) (31,395)  
Stock issuance costs     (155)
Exercise of stock options 4,744 114 1,524
Excess tax benefit from share-based compensation awards 3 27 295
Net cash provided by financing activities 156,536 95,142 172,101
Effect on cash of foreign currency translation 75 (1,394) (1,411)
Net (decrease) increase in cash (1,268) 8,080 28,070
Cash at beginning of the period 53,821 45,741 17,671
Cash at end of the period 52,553 53,821 45,741
Cash paid during the period for:      
Income taxes 2,340 852 5,122
Interest 33,124 32,774 32,267
Supplemental disclosure of non-cash investing and financing activity      
Transfer of rental equipment to direct finance lease $ 30,604 $ 30,178 32,001
Transfer of direct finance lease to rental equipment     $ 30,118