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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $1,455 and $1,440 at September 30, 2018 and December 31, 2017, respectively $ 83,698 $ 68,324
Current portion of net investment in direct finance leases 74,637 30,063
Prepaid expenses and other current assets 2,600 4,258
Total current assets 199,264 138,065
Restricted cash 31,634 11,789
Rental equipment, net of accumulated depreciation of $575,866 and $505,546 at September 30, 2018 and December 31, 2017, respectively 2,299,955 2,004,961
Net investment in direct finance leases 444,741 246,450
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $4,946 and $3,407 at September 30, 2018 and December 31, 2017, respectively 6,184 7,723
Furniture, fixtures and equipment, net of accumulated depreciation of $3,303 and $3,201 at September 30, 2018 and December 31, 2017, respectively 619 338
Other non-current assets 974 3,008
Total assets [1] 2,999,165 2,428,128
Current liabilities    
Accounts payable 6,269 7,831
Accrued expenses and other current liabilities 18,882 15,706
Due to container investors 993 1,845
Unearned revenue 8,345 7,811
Current portion of debt 194,563 132,049
Rental equipment payable 257,947 92,415
Total current liabilities 486,999 257,657
Debt 1,777,420 1,570,773
Deferred income tax liability 38,277 35,853
Total liabilities [2] 2,302,696 1,864,283
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 19,306,202 and 20,390,622 shares at September 30, 2018 and December 31, 2017, respectively 2 2
Additional paid-in capital 145,069 172,325
Accumulated other comprehensive loss (6,379) (6,122)
Retained earnings 453,912 397,640
Total stockholders' equity 696,469 563,845
Total liabilities and stockholders' equity 2,999,165 2,428,128
Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, par value $.0001 per share; authorized 10,000,000 and 5,000,000 at September 30, 2018 and December 31, 2017, respectively: 54,990  
Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, par value $.0001 per share; authorized 10,000,000 and 5,000,000 at September 30, 2018 and December 31, 2017, respectively: 48,875  
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 14,550 14,735
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 23,779 20,685
Rental equipment, net of accumulated depreciation of $575,866 and $505,546 at September 30, 2018 and December 31, 2017, respectively 73,110 61,842
Net investment in direct finance leases 9,375 4,423
Current liabilities    
Current portion of debt 39,302 22,549
Debt $ 65,717 $ 72,727
[1] Total assets at September 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, $23,779 and $20,685; Net investment in direct finance leases, $9,375 and $4,423; and Rental equipment, net of accumulated depreciation, $73,110, and $61,842, respectively.
[2] Total liabilities at September 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, $39,302 and $22,549; Debt, $65,717 and $72,727, respectively.