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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash $ 17,968 $ 17,447
Accounts receivable, net of allowance for doubtful accounts of $807 and $548 at March 31, 2016 and December 31, 2015, respectively 61,556 55,284
Current portion of direct finance leases 21,108 21,158
Prepaid expenses and other current assets 2,202 2,155
Total current assets 137,968 131,150
Restricted cash 6,957 7,212
Rental equipment, net of accumulated depreciation of $368,471 and $349,810 at March 31, 2016 and December 31, 2015, respectively 1,751,345 1,748,211
Net investment in direct finance leases 84,097 82,210
Goodwill 8,994 2,905
Intangible assets, net of accumulated amortization of $1,313 and $1,237 at March 31, 2016 and December 31, 2015, respectively 4,820 1,223
Furniture, fixtures and equipment, net of accumulated depreciation of $2,212 and $2,027 at March 31, 2016 and December 31, 2015, respectively 621 674
Total assets [1] 1,994,802 1,973,585
Current liabilities    
Accounts payable 14,989 11,962
Accrued expenses and other current liabilities 5,205 4,813
Due to container investors 5,995 5,801
Unearned revenue 13,384 11,990
Current portion of debt 114,533 169,596
Rental equipment payable 13,023 10,901
Total current liabilities 167,129 215,063
Debt 1,313,548 1,249,057
Deferred income tax liability 48,304 48,204
Other long term liabilities 2,000  
Total liabilities [2] 1,530,981 1,512,324
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 19,428,894 and 20,132,706 shares at March 31, 2016 and December 31, 2015, respectively 2 2
Additional paid-in capital 142,961 148,523
Accumulated other comprehensive loss (7,000) (7,922)
Retained earnings 326,901 319,735
Total CAI stockholders' equity 462,864 460,338
Non-controlling interest 957 923
Total stockholders' equity 463,821 461,261
Total liabilities and stockholders' equity 1,994,802 1,973,585
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 35,134 35,106
Rental equipment, net of accumulated depreciation of $368,471 and $349,810 at March 31, 2016 and December 31, 2015, respectively 69,263 85,101
Net investment in direct finance leases 1,882 1,915
Furniture, fixtures and equipment, net of accumulated depreciation of $2,212 and $2,027 at March 31, 2016 and December 31, 2015, respectively 176,400  
Current liabilities    
Current portion of debt 46,374 60,382
Debt $ 59,773 $ 59,445
[1] Total assets at March 31, 2016 and December 31, 2015 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $35,134 and $35,106; Net investment in direct finance leases, $1,882 and $1,915; and Rental equipment, net of accumulated depreciation, $69,263 and $85,101, respectively.
[2] Total liabilities at March 31, 2016 and December 31, 2015 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $46,374 and $60,382; Debt, $59,773 and $59,445, respectively.