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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Container lease income $ 49,196 $ 54,696 $ 151,270 $ 164,274
Rail lease income 7,614 5,102 22,462 11,770
Logistics revenue 21,197 5,406 41,743 5,474
Management fee revenue 465 913 1,605 2,457
Total revenue 78,472 66,117 217,080 183,975
Operating expenses        
Depreciation of rental equipment 29,873 22,655 77,401 65,907
Storage, handling and other expenses 8,802 8,148 27,176 21,837
Logistics transportation costs 18,045 4,818 35,127 4,888
Loss (gain) on sale of used rental equipment 3,323 (72) 7,950 (237)
Administrative expenses 11,067 7,312 28,750 21,540
Total operating expenses 71,110 42,861 176,404 113,935
Operating income 7,362 23,256 40,676 70,040
Other expenses        
Net interest expense 10,866 8,967 31,404 26,792
Other expense 85 2 407 61
Total other expenses 10,951 8,969 31,811 26,853
Net (loss) income before income taxes and non-controlling interest (3,589) 14,287 8,865 43,187
Income tax expense 1,826 1,272 3,320 3,671
Net (loss) income (5,415) 13,015 5,545 39,516
Net income attributable to non-controlling interest   26 37 96
Net (loss) income attributable to CAI common stockholders $ (5,415) $ 12,989 $ 5,508 $ 39,420
Net (loss) income per share attributable to CAI common stockholders        
Basic $ (0.28) $ 0.62 $ 0.28 $ 1.88
Diluted $ (0.28) $ 0.62 $ 0.28 $ 1.86
Weighted average shares outstanding        
Basic 19,130 20,920 19,427 20,973
Diluted 19,130 21,059 19,498 21,236