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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income $ 72,060 $ 6,034 $ 26,735
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 111,294 105,236 114,003
Amortization of debt issuance costs 3,306 2,975 2,943
Amortization of intangible assets 1,969 1,443 232
Stock-based compensation expense 2,087 1,732 1,915
Reduction in contingent consideration (2,211) (3,789)  
Unrealized loss on foreign exchange 106 276 251
(Gain) loss on sale of used rental equipment (5,347) 12,671 654
Loss on disposal of subsidiary   146  
Deferred income taxes (14,947) 1,138 4,967
Bad debt expense 402 3,151 448
Changes in other operating assets and liabilities:      
Accounts receivable (7,802) (1,799) 4,733
Prepaid expenses and other assets 735 (2,691) (81)
Accounts payable, accrued expenses and other current liabilities (2,206) 3,572 (3,654)
Due to container investors (2,958) 1,276 (7,183)
Unearned revenue (1,296) (2,115) 1,406
Net cash provided by operating activities 155,192 129,256 147,369
Cash flows from investing activities      
Purchase of rental equipment [1] (502,050) (251,165) (389,331)
Acquisitions, net of cash acquired   (15,599) (4,100)
Proceeds from sale of used rental equipment 66,364 66,073 66,150
Disposal of subsidiary, net of cash disposed of   (460)  
Purchase of furniture, fixtures and equipment (126) (82) (83)
Receipt of principal payments from direct financing leases 24,061 19,633 22,116
Net cash used in investing activities (411,751) (181,600) (305,248)
Cash flows from financing activities      
Proceeds from debt 754,340 552,540 748,731
Principal payments on debt (527,850) (496,270) (581,739)
Debt issuance costs (3,441) (1,515) (3,226)
(Increase) decrease in restricted cash (5,597) 1,020 1,020
Proceeds from issuance of stock 28,028    
Repurchase of stock   (9,176) (12,997)
Exercise of stock options 145   4,747
Net cash provided by financing activities 245,625 46,599 156,536
Effect on cash of foreign currency translation 220 (674) 75
Net decrease in cash (10,714) (6,419) (1,268)
Cash at beginning of the period 46,134 52,553 53,821
Cash at end of the period 35,420 46,134 52,553
Cash paid during the period for:      
Income taxes 194 889 2,340
Interest 47,596 38,491 33,124
Supplemental disclosure of non-cash investing and financing activity      
Transfer of rental equipment to direct finance lease 205,033 19,036 30,604
Transfer of direct finance lease to rental equipment 413 732  
Rental equipment payable $ 92,415 $ 25,207 $ 10,901
[1] Represents cash disbursements for purchasing of rental equipment as reflected in the consolidated statements of cash flows for the periods indicated