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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Total revenue $ 107,570 $ 106,693 $ 316,373 $ 289,549
Operating expenses        
Depreciation of rental equipment 28,750 27,735 85,819 79,016
Storage, handling and other expenses 4,672 2,506 12,631 5,803
Logistics transportation costs 27,037 27,541 77,647 70,536
Gain on sale of rental equipment (2,411) (2,633) (5,436) (7,530)
Administrative expenses 12,702 11,895 38,110 33,445
Total operating expenses 70,750 67,044 208,771 181,270
Operating income 36,820 39,649 107,602 108,279
Other expenses        
Net interest expense 20,123 15,811 60,049 43,758
Other expense 380 116 537 510
Total other expenses 20,503 15,927 60,586 44,268
Income before income taxes 16,317 23,722 47,016 64,011
Income tax expense 1,152 1,403 2,871 3,197
Income from continuing operations 15,165 22,319 44,145 60,814
Loss from discontinued operations, net of income taxes (19,912) (565) (20,983) (1,625)
Net (loss) income (4,747) 21,754 23,162 59,189
Preferred stock dividends 2,207 1,748 6,621 2,917
Net (loss) income attributable to CAI common stockholders (6,954) 20,006 16,541 56,272
Amounts attributable to CAI common stockholders        
Net income from continuing operations 12,958 20,571 37,524 57,897
Net loss from discontinued operations $ (19,912) $ (565) $ (20,983) $ (1,625)
Basic        
Continuing operations $ 0.75 $ 1.07 $ 2.10 $ 2.93
Discontinued operations (1.15) (0.03) (1.17) (0.08)
Total basic (0.40) 1.04 0.93 2.85
Diluted        
Continuing operations 0.74 1.06 2.07 2.90
Discontinued operations (1.14) (0.03) (1.16) (0.09)
Total diluted $ (0.40) $ 1.03 $ 0.91 $ 2.81
Weighted average shares outstanding        
Basic 17,330,000 19,214,000 17,850,000 19,741,000
Diluted 17,525,000 19,492,000 18,122,000 19,997,000
Container Lease Revenue [Member]        
Revenue        
Total revenue $ 77,300 $ 75,331 $ 228,585 $ 208,298
Logistics Revenue [Member]        
Revenue        
Total revenue $ 30,270 $ 31,362 $ 87,788 $ 81,251