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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 115,452 $ 90,161 $ 316,531 $ 254,359
Operating expenses        
Depreciation of rental equipment 31,272 27,788 89,521 82,814
Storage, handling and other expenses 3,514 3,506 10,227 16,651
Logistics transportation costs 27,541 17,855 70,536 51,608
Gain on sale of used rental equipment (2,625) (1,663) (7,539) (2,539)
Administrative expenses 12,869 10,781 36,270 31,212
Total operating expenses 72,571 58,267 199,015 179,746
Operating income 42,881 31,894 117,516 74,613
Other expenses        
Net interest expense 19,783 13,959 55,122 37,916
Other expense 116 449 510 651
Total other expenses 19,899 14,408 55,632 38,567
Income before income taxes 22,982 17,486 61,884 36,046
Income tax expense (benefit) 1,228 (101) 2,695 549
Net income 21,754 17,587 59,189 35,497
Preferred stock dividends 1,748   2,917  
Net income attributable to CAI common stockholders $ 20,006 $ 17,587 $ 56,272 $ 35,497
Net income per share attributable to CAI common stockholders        
Basic $ 1.04 $ 0.92 $ 2.85 $ 1.86
Diluted $ 1.03 $ 0.90 $ 2.81 $ 1.83
Weighted average shares outstanding        
Basic 19,214 19,180 19,741 19,108
Diluted 19,492 19,633 19,997 19,422
Container Lease Revenue [Member]        
Revenue        
Total revenue $ 75,331 $ 61,870 $ 208,298 $ 169,784
Rail Lease Revenue [Member]        
Revenue        
Total revenue 8,759 7,279 26,982 23,459
Logistics Revenue [Member]        
Revenue        
Total revenue $ 31,362 $ 21,012 $ 81,251 $ 61,116