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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $805 and $548 at September 30, 2016 and December 31, 2015, respectively $ 67,199 $ 55,284
Current portion of direct finance leases 31,129 21,158
Prepaid expenses and other current assets 2,183 2,155
Total current assets 137,977 131,150
Restricted cash 6,447 7,212
Rental equipment, net of accumulated depreciation of $406,081 and $349,810 at September 30, 2016 and December 31, 2015, respectively 1,786,374 1,748,211
Net investment in direct finance leases 69,705 82,210
Goodwill 15,579 2,905
Intangible assets, net of accumulated amortization of $1,919 and $1,237 at September 30, 2016 and December 31, 2015, respectively 10,453 1,223
Furniture, fixtures and equipment, net of accumulated depreciation of $2,876 and $2,027 at September 30, 2016 and December 31, 2015, respectively 667 674
Total assets [1] 2,027,202 1,973,585
Current liabilities    
Accounts payable 13,237 11,962
Accrued expenses and other current liabilities 12,623 4,813
Due to container investors 5,769 5,801
Unearned revenue 13,011 11,990
Current portion of debt 99,751 169,596
Rental equipment payable 24,435 10,901
Total current liabilities 168,826 215,063
Debt 1,343,276 1,249,057
Deferred income tax liability 52,581 48,204
Other long term liabilities 3,500  
Total liabilities [2] 1,568,183 1,512,324
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 19,057,453 and 20,132,706 shares at September 30, 2016 and December 31, 2015, respectively 2 2
Additional paid-in capital 140,649 148,523
Accumulated other comprehensive loss (6,875) (7,922)
Retained earnings 325,243 319,735
Total CAI stockholders' equity 459,019 460,338
Non-controlling interest   923
Total stockholders' equity 459,019 461,261
Total liabilities and stockholders' equity 2,027,202 1,973,585
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 15,450 17,447
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 22,016 35,106
Rental equipment, net of accumulated depreciation of $406,081 and $349,810 at September 30, 2016 and December 31, 2015, respectively 63,939 85,101
Net investment in direct finance leases 5,705 1,915
Current liabilities    
Current portion of debt 31,056 60,382
Debt $ 66,347 $ 59,445
[1] Total assets at September 30, 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, $22,016 and $35,106; Net investment in direct finance leases, $5,705 and $1,915; and Rental equipment, net of accumulated depreciation, $63,939 and $85,101, respectively.
[2] Total liabilities at September 30, 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, $31,056 and $60,382; Debt, $66,347 and $59,445, respectively.