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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Container lease income $ 51,160 $ 55,326 $ 102,074 $ 109,646
Rail lease income 7,591 3,753 14,848 6,668
Logistics revenue 12,382   20,546  
Management fee revenue 509 287 1,140 1,544
Total revenue 71,642 59,366 138,608 117,858
Operating expenses        
Depreciation of rental equipment 24,494 22,029 47,528 43,252
Storage, handling and other expenses 9,323 6,994 18,374 13,759
Logistics transportation costs 10,140   17,082  
Loss (gain) on sale of used rental equipment 3,894 192 4,627 (165)
Administrative expenses 8,933 7,017 17,683 14,228
Total operating expenses 56,784 36,232 105,294 71,074
Operating income 14,858 23,134 33,314 46,784
Other expenses        
Net interest expense 10,545 9,047 20,538 17,825
Other expense 192 100 322 59
Other expense 10,737 9,147 20,860 17,884
Net income before income taxes and non-controlling interest 4,121 13,987 12,454 28,900
Income tax expense 361 1,057 1,494 2,399
Net income 3,760 12,930 10,960 26,501
Net income attributable to non-controlling interest 3 41 37 70
Net income attributable to CAI common stockholders $ 3,757 $ 12,889 $ 10,923 $ 26,431
Net income per share attributable to CAI common stockholders        
Basic $ 0.19 $ 0.61 $ 0.56 $ 1.26
Diluted $ 0.19 $ 0.60 $ 0.56 $ 1.24
Weighted average shares outstanding        
Basic 19,372 21,095 19,577 21,000
Diluted 19,449 21,398 19,646 21,346