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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $1,543 and $1,340 at March 31, 2017 and December 31, 2016, respectively $ 63,426 $ 63,745
Current portion of net investment in direct finance leases 20,154 19,959
Prepaid expenses and other current assets 9,598 5,315
Total current assets 125,701 135,153
Restricted cash 5,937 6,192
Rental equipment, net of accumulated depreciation of $440,406 and $421,153 at March 31, 2017 and December 31, 2016, respectively 1,832,291 1,807,010
Net investment in direct finance leases 77,036 80,582
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $3,350 and $2,681 at March 31, 2017 and December 31, 2016, respectively 9,022 9,691
Furniture, fixtures and equipment, net of accumulated depreciation of $2,924 and $2,833 at March 31, 2017 and December 31, 2016, respectively 509 550
Other non-current assets 2,020 962
Total assets [1] 2,068,310 2,055,934
Current liabilities    
Accounts payable 9,873 13,804
Accrued expenses and other current liabilities 11,529 11,778
Due to container investors 6,245 7,077
Unearned revenue 8,241 10,613
Current portion of debt 85,204 95,527
Rental equipment payable 51,357 25,207
Total current liabilities 172,449 164,006
Debt 1,377,931 1,380,499
Deferred income tax liability 51,401 51,804
Other long term liabilities 1,710 2,121
Total liabilities [2] 1,603,491 1,598,430
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 19,192,687 and 19,057,217 shares at March 31, 2017 and December 31, 2016, respectively 2 2
Additional paid-in capital 141,846 141,058
Accumulated other comprehensive loss (7,881) (8,132)
Retained earnings 330,852 324,576
Total stockholders' equity 464,819 457,504
Total liabilities and stockholders' equity 2,068,310 2,055,934
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 12,141 15,685
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 20,382 30,449
Rental equipment, net of accumulated depreciation of $440,406 and $421,153 at March 31, 2017 and December 31, 2016, respectively 56,401 62,477
Net investment in direct finance leases 8,188 7,331
Current liabilities    
Current portion of debt 19,504 30,980
Debt $ 69,968 $ 74,887
[1] Total assets at March 31, 2017 and December 31, 2016 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $20,382 and $30,449; Net investment in direct finance leases, $8,188 and $7,331; and Rental equipment, net of accumulated depreciation, $56,401 and $62,477, respectively.
[2] Total liabilities at March 31, 2017 and December 31, 2016 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $19,504 and $30,980; Debt, $69,968 and $74,887, respectively.