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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Total revenue $ 105,705 $ 82,692 $ 201,079 $ 164,198
Operating expenses        
Depreciation of rental equipment 29,402 27,054 58,249 55,026
Storage, handling and other expenses 2,613 6,192 6,713 13,145
Logistics transportation costs 24,330 16,682 42,995 33,753
Gain on sale of used rental equipment (2,719) (1,749) (4,914) (876)
Administrative expenses 12,160 9,745 23,401 20,431
Total operating expenses 65,786 57,924 126,444 121,479
Operating income 39,919 24,768 74,635 42,719
Other expenses        
Net interest expense 18,440 12,285 35,339 23,957
Other expense (income) 429 (112) 394 202
Total other expenses 18,869 12,173 35,733 24,159
Income before income taxes 21,050 12,595 38,902 18,560
Income tax expense (benefit) 753 (43) 1,467 650
Net income 20,297 12,638 37,435 17,910
Preferred stock dividends 1,148   1,169  
Net income attributable to CAI common stockholders $ 19,149 $ 12,638 $ 36,266 $ 17,910
Net income per share attributable to CAI common stockholders        
Basic $ 0.98 $ 0.66 $ 1.81 $ 0.94
Diluted $ 0.97 $ 0.65 $ 1.79 $ 0.93
Weighted average shares outstanding        
Basic 19,613 19,131 20,013 19,071
Diluted 19,843 19,419 20,259 19,332
Container Lease Revenue [Member]        
Revenue        
Total revenue $ 68,333 $ 54,960 $ 132,967 $ 107,914
Rail Lease Revenue [Member]        
Revenue        
Total revenue 9,119 8,127 18,223 16,180
Logistics Revenue [Member]        
Revenue        
Total revenue $ 28,253 $ 19,605 $ 49,889 $ 40,104