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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $2,110 and $1,440 at June 30, 2018 and December 31, 2017, respectively $ 83,278 $ 68,324
Current portion of net investment in direct finance leases 53,961 30,063
Prepaid expenses and other current assets 2,541 4,258
Total current assets 180,590 138,065
Restricted cash 21,066 11,789
Rental equipment, net of accumulated depreciation of $550,426 and $505,546 at June 30, 2018 and December 31, 2017, respectively 2,218,212 2,004,961
Net investment in direct finance leases 275,826 246,450
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $4,495 and $3,407 at June 30, 2018 and December 31, 2017, respectively 6,635 7,723
Furniture, fixtures and equipment, net of accumulated depreciation of $3,265 and $3,201 at June 30, 2018 and December 31, 2017, respectively 464 338
Other non-current assets 1,871 3,008
Total assets [1] 2,720,458 2,428,128
Current liabilities    
Accounts payable 6,530 7,831
Accrued expenses and other current liabilities 17,206 15,706
Due to container investors   1,845
Unearned revenue 7,526 7,811
Current portion of debt 159,599 132,049
Rental equipment payable 184,258 92,415
Total current liabilities 375,119 257,657
Debt 1,679,492 1,570,773
Deferred income tax liability 37,099 35,853
Total liabilities [2] 2,091,710 1,864,283
Stockholders' equity    
Preferred stock, par value $.0001 per share; authorized 10,000,000 and 5,000,000 at June 30, 2018 and December 31, 2017, respectively; 8.50% Series A fixed-to-floating rate cumulative redeemable perpetual preferred stock, issued and outstanding 2,199,610 and 0 shares at June 30, 2018 and December 31, 2017, respectively, at liquidation preference 54,990  
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 19,306,377 and 20,390,622 shares at June 30, 2018 and December 31, 2017, respectively 2 2
Additional paid-in capital 146,210 172,325
Accumulated other comprehensive loss (6,360) (6,122)
Retained earnings 433,906 397,640
Total stockholders' equity 628,748 563,845
Total liabilities and stockholders' equity 2,720,458 2,428,128
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 16,462 14,735
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 24,348 20,685
Rental equipment, net of accumulated depreciation of $550,426 and $505,546 at June 30, 2018 and December 31, 2017, respectively 62,320 61,842
Net investment in direct finance leases 9,004 4,423
Current liabilities    
Current portion of debt 30,237 22,549
Debt $ 68,560 $ 72,727
[1] Total assets at June 30, 2018 and December 31, 2017 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $24,348 and $20,685; Net investment in direct finance leases, $9,004 and $4,423; and Rental equipment, net of accumulated depreciation, $62,320 and $61,842, respectively.
[2] Total liabilities at June 30, 2018 and December 31, 2017 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $30,237 and $22,549; Debt, $68,560 and $72,727, respectively.