Commitments And Contingencies

3 Months Ended

Mar. 31, 2017

Commitments And Contingencies [Abstract]

Commitments And Contingencies

(13)  Commitments and Contingencies

In addition to its debt obligations described in Note 9 above, the Company had commitments to purchase approximately $177.4 million of rental equipment as of March 31, 2017;  $123.4 million in the twelve months ending March 31, 2018 and $54.0 million in the twelve months ending March 31, 2019. The Company also utilizes certain office facilities and equipment under long-term non-cancellable operating lease agreements with total future minimum lease payments of approximately $1.9 million as of March 31, 2017.

In April 2017, the Company amended its new railcar delivery schedule to defer delivery of approximately $24.0 million of its remaining $95.0 million 2017 commitments to now be delivered in 2018, with delivery of most of the remaining $71.0 million being deferred to the third and fourth quarter of 2017.