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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $1,202 and $1,340 at June 30, 2017 and December 31, 2016, respectively $ 66,650 $ 63,745
Current portion of net investment in direct finance leases 23,140 19,959
Prepaid expenses and other current assets 6,961 5,315
Total current assets 122,246 135,153
Restricted cash 5,683 6,192
Rental equipment, net of accumulated depreciation of $461,802 and $421,153 at June 30, 2017 and December 31, 2016, respectively 1,864,337 1,807,010
Net investment in direct finance leases 90,643 80,582
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $3,783 and $2,681 at June 30, 2017 and December 31, 2016, respectively 8,589 9,691
Furniture, fixtures and equipment, net of accumulated depreciation of $3,033 and $2,833 at June 30, 2017 and December 31, 2016, respectively 453 550
Other non-current assets 2,959 962
Total assets [1] 2,110,704 2,055,934
Current liabilities    
Accounts payable 7,346 13,804
Accrued expenses and other current liabilities 15,068 11,778
Due to container investors 7,149 7,077
Unearned revenue 7,203 10,613
Current portion of debt 112,587 95,527
Rental equipment payable 65,336 25,207
Total current liabilities 214,689 164,006
Debt 1,364,079 1,380,499
Deferred income tax liability 51,211 51,804
Other long term liabilities 1,169 2,121
Total liabilities [2] 1,631,147 1,598,430
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 19,246,564 and 19,057,217 shares at June 30, 2017 and December 31, 2016, respectively 2 2
Additional paid-in capital 143,152 141,058
Accumulated other comprehensive loss (7,088) (8,132)
Retained earnings 343,490 324,576
Total stockholders' equity 479,557 457,504
Total liabilities and stockholders' equity 2,110,704 2,055,934
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 10,034 15,685
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 15,461 30,449
Rental equipment, net of accumulated depreciation of $461,802 and $421,153 at June 30, 2017 and December 31, 2016, respectively 57,697 62,477
Net investment in direct finance leases 8,204 7,331
Current liabilities    
Current portion of debt 25,602 30,980
Debt $ 63,416 $ 74,887
[1] Total assets at June 30, 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, $15,461 and $30,449; Net investment in direct finance leases, $8,204 and $7,331; and Rental equipment, net of accumulated depreciation, $57,697 and $62,477, respectively.
[2] Total liabilities at June 30, 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, $25,602 and $30,980; Debt, $63,416 and $74,887, respectively.