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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue      
Container lease income [1] $ 200,186 $ 217,505 $ 210,756 [2]
Rail lease income [1] 30,490 17,433 10,336 [2]
Logistics revenue [1] 61,536 11,502  
Management fee revenue [1] 2,142 3,227 6,497 [2]
Total revenue [1] 294,354 249,667 227,589 [2]
Operating expenses      
Depreciation of rental equipment [1] 104,877 113,590 77,976 [2]
Storage, handling and other expenses [1] 35,862 30,194 26,043 [2]
Logistics transportation costs [1] 51,980 10,172  
Loss (gain) on sale of used rental equipment [1] 12,671 654 (6,522) [2]
Administrative expenses [1] 35,678 27,617 26,538 [2]
Total operating expenses [1] 241,068 182,227 124,035 [2]
Operating income [1] 53,286 67,440 103,554 [2]
Other expenses      
Net interest expense [1] 42,754 36,271 35,592 [2]
Other expense [1] 654 182 773 [2]
Total other expenses [1] 43,408 36,453 36,365 [2]
Net income before income taxes and non-controlling interest [1] 9,878 30,987 67,189 [2]
Income tax expense 3,844 4,252 [1] 7,191 [1]
Net income 6,034 26,735 [1] 59,998 [1]
Net income attributable to non-controlling interest 37 134 [1] 111 [1]
Net income attributable to CAI common stockholders $ 5,997 $ 26,601 [1] $ 59,887 [1]
Net income per share attributable to CAI common stockholders      
Basic $ 0.31 $ 1.28 [1] $ 2.89 [1]
Diluted $ 0.31 $ 1.27 [1] $ 2.83 [1]
Weighted average shares outstanding      
Basic 19,318 20,773 [1] 20,732 [1]
Diluted 19,393 20,988 [1] 21,155 [1]
[1] Amounts for the years ended December 31, 2015 and 2014 have been restated for immaterial corrections of identified errors relating to prepaid loan fees (see Note 2 (b) "Correction of Immaterial Errors").
[2] At the inception of the lease, the Company records the total minimum lease payments, executory costs, if any, and unguaranteed residual value as gross finance lease receivables. The gross finance lease receivables are reduced as customer payments are received. There was $2.1 million and no unguaranteed residual value, respectively, at December 31, 2016 and 2015, included in gross finance lease receivables. There were no executory costs included in gross finance lease receivables as of December 31, 2016 and 2015.