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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Container lease income $ 61,870 $ 49,661 $ 169,784 $ 152,875
Rail lease income 7,279 7,614 23,459 22,462
Logistics revenue 21,012 21,197 61,116 41,743
Total revenue 90,161 78,472 254,359 217,080
Operating expenses        
Depreciation of rental equipment 27,788 29,873 82,814 77,401
Storage, handling and other expenses 3,506 8,802 16,651 27,176
Logistics transportation costs 17,855 18,045 51,608 35,127
(Gain) loss on sale of used rental equipment (1,663) 3,323 (2,539) 7,950
Administrative expenses 10,781 11,067 31,212 28,750
Total operating expenses 58,267 71,110 179,746 176,404
Operating income 31,894 7,362 74,613 40,676
Other expenses        
Net interest expense 13,959 10,902 37,916 31,535
Other expense 449 85 651 407
Total other expenses 14,408 10,987 38,567 31,942
Income (loss) before income taxes and non-controlling interest 17,486 (3,625) 36,046 8,734
Income tax (benefit) expense (101) 1,826 549 3,320
Net income (loss) 17,587 (5,451) 35,497 5,414
Net income attributable to non-controlling interest       37
Net income (loss) attributable to CAI common stockholders $ 17,587 $ (5,451) $ 35,497 $ 5,377
Net income (loss) per share attributable to CAI common stockholders        
Basic $ 0.92 $ (0.28) $ 1.86 $ 0.28
Diluted $ 0.90 $ (0.28) $ 1.83 $ 0.28
Weighted average shares outstanding        
Basic 19,180 19,130 19,108 19,427
Diluted 19,633 19,130 19,422 19,498