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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $3,626 and $2,042 at September 30, 2019 and December 31, 2018, respectively $ 93,142 $ 95,942
Current portion of net investment in sales-type and direct finance leases 66,977 75,975
Assets held for sale 284,791 449,730
Prepaid expenses and other current assets 6,394 1,525
Total current assets 499,579 668,487
Restricted cash 27,755 30,668
Rental equipment, net of accumulated depreciation of $598,545 and $557,559 at September 30, 2019 and December 31, 2018, respectively 1,889,266 1,816,794
Net investment in sales-type and direct finance leases 472,790 473,792
Financing receivable 31,661  
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $6,605 and $5,397 at September 30, 2019 and December 31, 2018, respectively 4,525 5,733
Other non-current assets 9,364 1,349
Total assets [1] 2,950,734 3,012,617
Current liabilities    
Accounts payable 10,668 7,371
Accrued expenses and other current liabilities 25,981 25,069
Unearned revenue 6,355 7,573
Current portion of debt 309,500 311,381
Rental equipment payable 54,202 74,139
Total current liabilities 406,706 425,533
Debt 1,819,649 1,847,633
Deferred income tax liability 33,054 38,319
Other non-current liabilities 5,333  
Total liabilities [2] 2,264,742 2,311,485
Stockholders' equity    
Common stock, par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 17,425,754 and 18,764,459 shares at September 30, 2019 and December 31, 2018, respectively 2 2
Additional paid-in capital 101,317 132,666
Accumulated other comprehensive loss (6,845) (6,513)
Retained earnings 487,653 471,112
Total stockholders' equity 685,992 701,132
Total liabilities and stockholders' equity 2,950,734 3,012,617
Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, par value $0.0001 per share; authorized 10,000,000 54,990 54,990
Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, par value $0.0001 per share; authorized 10,000,000 48,875 48,875
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 21,503 20,104
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 26,772 25,211
Rental equipment, net of accumulated depreciation of $598,545 and $557,559 at September 30, 2019 and December 31, 2018, respectively 108,323 71,958
Net investment in sales-type and direct finance leases 6,101 13,862
Current liabilities    
Current portion of debt 28,650 41,066
Debt $ 108,487 $ 67,615
[1] Total assets at September 30, 2019 and December 31, 2018 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $26,772 and $25,211; Net investment in direct finance leases, $6,101 and $13,862; and Rental equipment, net of accumulated depreciation, $108,323, and $71,958, respectively.
[2] Total liabilities at September 30, 2019 and December 31, 2018 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $28,650 and $41,066; Debt, $108,487 and $67,615, respectively.