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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $2,042 and $1,440 at December 31, 2018 and 2017, respectively $ 95,942 $ 68,324
Current portion of net investment in direct finance leases 75,975 30,063
Prepaid expenses and other current assets 2,789 4,258
Total current assets 220,021 138,065
Restricted cash 30,668 11,789
Rental equipment, net of accumulated depreciation of $599,443 and $505,546 at December 31, 2018 and 2017, respectively 2,265,260 2,004,961
Net investment in direct finance leases 473,792 246,450
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $5,397 and $3,407 at December 31, 2018 and 2017, respectively 5,733 7,723
Furniture, fixtures and equipment, net of accumulated depreciation of $2,635 and $3,201 at December 31, 2018 and 2017, respectively 964 338
Other non-current assets 385 3,008
Total assets [1] 3,012,617 2,428,128
Current liabilities    
Accounts payable 7,371 7,831
Accrued expenses and other current liabilities 22,460 15,706
Due to container investors 2,609 1,845
Unearned revenue 7,573 7,811
Current portion of debt 311,381 132,049
Rental equipment payable 74,139 92,415
Total current liabilities 425,533 257,657
Debt 1,847,633 1,570,773
Deferred income tax liability 38,319 35,853
Total liabilities [2] 2,311,485 1,864,283
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 18,764,459 and 20,390,622 shares at December 31, 2018 and 2017, respectively 2 2
Additional paid-in capital 132,666 172,325
Accumulated other comprehensive loss (6,513) (6,122)
Retained earnings 471,112 397,640
Total stockholders' equity 701,132 563,845
Total liabilities and stockholders' equity 3,012,617 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 December 31, 2018 and 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 December 31, 2018 and 2017, respectively; 48,875  
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 20,104 14,735
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 25,211 20,685
Restricted cash 30,668 11,789
Rental equipment, net of accumulated depreciation of $599,443 and $505,546 at December 31, 2018 and 2017, respectively 71,958 61,842
Net investment in direct finance leases 13,862 4,423
Current liabilities    
Current portion of debt 41,066 22,549
Debt $ 67,615 $ 72,727
[1] Total assets at December 31, 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, $25,211 and $20,685; Net investment in direct finance leases, $13,862 and $4,423; and Rental equipment net of accumulated depreciation, $71,958 and $61,842, respectively.
[2] Total liabilities at December 31, 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, $41,066 and $22,549; Debt, $67,615 and $72,727, respectively.