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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $1,636 and $1,340 at September 30, 2017 and December 31, 2016, respectively $ 69,478 $ 63,745
Current portion of net investment in direct finance leases 27,947 19,959
Prepaid expenses and other current assets 5,016 5,315
Total current assets 137,394 135,153
Restricted cash 12,217 6,192
Rental equipment, net of accumulated depreciation of $484,428 and $421,153 at September 30, 2017 and December 31, 2016, respectively 1,979,012 1,807,010
Net investment in direct finance leases 199,994 80,582
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $2,975 and $2,681 at September 30, 2017 and December 31, 2016, respectively 8,156 9,691
Furniture, fixtures and equipment, net of accumulated depreciation of $3,131 and $2,833 at September 30, 2017 and December 31, 2016, respectively 370 550
Other non-current assets 3,220 962
Total assets [1] 2,356,157 2,055,934
Current liabilities    
Accounts payable 6,320 13,804
Accrued expenses and other current liabilities 13,540 11,778
Due to container investors 4,119 7,077
Unearned revenue 8,361 10,613
Current portion of debt 133,322 95,527
Rental equipment payable 190,180 25,207
Total current liabilities 355,842 164,006
Debt 1,450,588 1,380,499
Deferred income tax liability 51,193 51,804
Other long term liabilities   2,121
Total liabilities [2] 1,857,623 1,598,430
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 19,268,083 and 19,057,217 shares at September 30, 2017 and December 31, 2016, respectively 2 2
Additional paid-in capital 143,845 141,058
Accumulated other comprehensive loss (6,390) (8,132)
Retained earnings 361,077 324,576
Total stockholders' equity 498,534 457,504
Total liabilities and stockholders' equity 2,356,157 2,055,934
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 12,508 15,685
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 22,445 30,449
Rental equipment, net of accumulated depreciation of $484,428 and $421,153 at September 30, 2017 and December 31, 2016, respectively 58,075 62,477
Net investment in direct finance leases 4,423 7,331
Current liabilities    
Current portion of debt 23,365 30,980
Debt $ 71,086 $ 74,887
[1] Total assets at September 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, $22,445 and $30,449; Net investment in direct finance leases, $4,423 and $7,331; and Rental equipment, net of accumulated depreciation, $58,075 and $62,477, respectively.
[2] Total liabilities at September 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, $23,365 and $30,980; Debt, $71,086 and $74,887, respectively.