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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Total revenue $ 105,576 $ 96,586 $ 208,803 $ 182,856
Operating expenses        
Depreciation of rental equipment 28,657 26,103 57,069 51,281
Storage, handling and other expenses 4,063 969 7,959 3,297
Logistics transportation costs 26,091 24,330 50,610 42,995
Gain on sale of rental equipment (1,583) (2,662) (3,025) (4,897)
Administrative expenses 12,338 11,325 25,408 21,550
Total operating expenses 69,566 60,065 138,021 114,226
Operating income 36,010 36,521 70,782 68,630
Other expenses        
Net interest expense 20,021 14,594 39,926 27,948
Other expense 119 429 157 394
Total other expenses 20,140 15,023 40,083 28,342
Income before income taxes 15,870 21,498 30,699 40,288
Income tax expense 1,335 847 1,719 1,758
Income from continuing operations 14,535 20,651 28,980 38,530
Loss from discontinued operations, net of income taxes (5,200) (354) (1,071) (1,095)
Net income 9,335 20,297 27,909 37,435
Preferred stock dividends 2,207 1,148 4,414 1,169
Net income attributable to CAI common stockholders 7,128 19,149 23,495 36,266
Amounts attributable to CAI common stockholders        
Net income from continuing operations 12,328 19,503 24,566 37,361
Net loss from discontinued operations $ (5,200) $ (354) $ (1,071) $ (1,095)
Basic        
Continuing operations $ 0.70 $ 1.00 $ 1.36 $ 1.86
Discontinued operations (0.30) (0.02) (0.06) (0.05)
Total basic 0.40 0.98 1.30 1.81
Diluted        
Continuing operations 0.69 0.99 1.34 1.84
Discontinued operations (0.29) (0.02) (0.06) (0.05)
Total diluted $ 0.40 $ 0.97 $ 1.28 $ 1.79
Weighted average shares outstanding        
Basic 17,648,000 19,613,000 18,098,000 20,013,000
Diluted 17,926,000 19,843,000 18,401,000 20,258,000
Container Lease Revenue [Member]        
Revenue        
Total revenue $ 75,774 $ 68,333 $ 151,285 $ 132,967
Logistics Revenue [Member]        
Revenue        
Total revenue $ 29,802 $ 28,253 $ 57,518 $ 49,889