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Selected Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2019
Selected Quarterly Financial Data [Abstract]  
Schedule Of Key Interim Financial Information







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



2019 Quarters Ended

 

2018 Quarters Ended



Dec. 31

 

Sept. 30 (1)

 

June 30 (1)

 

Mar. 31

 

Dec. 31

 

Sept. 30

 

June 30

 

Mar. 31

Revenue

$

103,420 

 

$

105,805 

 

$

104,088 

 

$

103,227 

 

$

106,846 

 

$

106,693 

 

$

96,586 

 

$

86,270 

Operating expenses

 

71,934 

 

 

70,031 

 

 

71,436 

 

 

68,455 

 

 

68,216 

 

 

67,044 

 

 

60,065 

 

 

54,161 

Operating income

 

31,486 

 

 

35,774 

 

 

32,652 

 

 

34,772 

 

 

38,630 

 

 

39,649 

 

 

36,521 

 

 

32,109 

Net income from continuing operations

 

9,541 

 

 

11,926 

 

 

8,487 

 

 

12,238 

 

 

16,084 

 

 

20,571 

 

 

19,503 

 

 

17,823 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to CAI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 common stockholders - continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.54 

 

$

0.69 

 

$

0.48 

 

$

0.66 

 

$

0.85 

 

$

1.07 

 

$

1.00 

 

$

0.87 

Diluted

$

0.54 

 

$

0.68 

 

$

0.47 

 

$

0.65 

 

$

0.83 

 

$

1.06 

 

$

0.99 

 

$

0.86 

 

(1)

Subsequent to the filing of the Company’s Quarterly Reports on Form 10-Q for the periods ended June 30, 2019 and September 30, 2019, the Company identified misstatements arising from the misclassification of certain leases. The Company has determined that the misstatements are immaterial to the prior quarters’ consolidated financial statements. The impact of the adjustments is set out below (in thousands, except share amount):

Impact Of Adjustments From Misstatements



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended June 30, 2019

 

Three Months Ended September 30, 2019



 

As Previously

 

 

 

 

 

 

 

As Previously

 

 

 

 

 

 



 

Reported

 

Correction

 

As Adjusted

 

Reported

 

Correction

 

As Adjusted



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

105,576 

 

$

(1,488)

 

$

104,088 

 

$

107,570 

 

$

(1,765)

 

$

105,805 

Operating expenses

 

 

69,566 

 

 

1,870 

 

 

71,436 

 

 

70,750 

 

 

(719)

 

 

70,031 

Operating income

 

 

36,010 

 

 

(3,358)

 

 

32,652 

 

 

36,820 

 

 

(1,046)

 

 

35,774 

Net income from continuing operations

 

 

12,328 

 

 

(3,841)

 

 

8,487 

 

 

12,958 

 

 

(1,032)

 

 

11,926 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to CAI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 common stockholders - continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.70 

 

$

(0.22)

 

$

0.48 

 

$

0.75 

 

$

(0.06)

 

$

0.69 

Diluted

 

$

0.69 

 

$

(0.22)

 

$

0.47 

 

$

0.74 

 

$

(0.06)

 

$

0.68