XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue    
Container lease income $ 50,914 $ 54,320
Rail lease income 7,257 2,915
Logistics revenue 8,164  
Management fee revenue 631 1,257
Total revenue 66,966 58,492
Operating expenses    
Depreciation of rental equipment 23,034 21,223
Storage, handling and other expenses 9,051 6,765
Logistics transportation costs 6,942  
Loss (gain) on sale of used rental equipment 733 (357)
Administrative expenses 8,750 7,211
Total operating expenses 48,510 34,842
Operating income 18,456 23,650
Other expenses    
Net interest expense 9,993 8,778
Other expense (income) 130 (41)
Other expense 10,123 8,737
Net income before income taxes and non-controlling interest 8,333 14,913
Income tax expense 1,133 1,342
Net income 7,200 13,571
Net income attributable to non-controlling interest (34) (29)
Net income attributable to CAI common stockholders $ 7,166 $ 13,542
Net income per share attributable to CAI common stockholders    
Basic $ 0.36 $ 0.65
Diluted $ 0.36 $ 0.64
Weighted average shares outstanding    
Basic 19,774 20,903
Diluted 19,833 21,295