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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $6,877 and $8,171 at March 31, 2020 and December 31, 2109, respectively $ 86,177 $ 88,452
Current portion of net investment in finance leases 75,730 71,274
Prepaid expenses and other current assets 9,638 10,228
Total current assets 280,288 216,418
Restricted cash 25,799 26,775
Rental equipment, net of accumulated depreciation of $640,118 and $620,990 at March, 31, 2020 and December 31, 2019, respectively 2,035,342 2,102,839
Net investment in finance leases 479,276 496,094
Financing receivable [1] 29,739 30,693
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $5,624 and $5,221 at March 31, 2020 and December 31, 2019, respectively 3,720 4,123
Other non-current assets 8,520 9,029
Total assets [2] 2,878,478 2,901,765
Current liabilities    
Accounts payable 8,928 7,291
Accrued expenses and other current liabilities 26,180 30,479
Unearned revenue 6,478 6,405
Current portion of debt 216,519 218,094
Rental equipment payable 4,596 25,137
Total current liabilities 262,701 287,406
Debt 1,888,634 1,880,122
Deferred income tax liability 31,872 35,376
Other non-current liabilities 5,124 5,621
Total liabilities [3] 2,188,331 2,208,525
Stockholders' equity    
Common stock, par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 17,506,453 and 17,479,127 shares at March 31, 2020 and December 31, 2019, respectively 2 2
Additional paid-in capital 103,290 102,709
Accumulated other comprehensive loss (6,767) (6,630)
Retained earnings 489,757 493,294
Total stockholders' equity 690,147 693,240
Total liabilities and stockholders' equity 2,878,478 2,901,765
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 87,727 19,870
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 21,016 26,594
Rental equipment, net of accumulated depreciation of $640,118 and $620,990 at March, 31, 2020 and December 31, 2019, respectively 98,758 101,907
Net investment in finance leases 4,614 4,790
Current liabilities    
Current portion of debt 25,906 26,931
Debt $ 91,501 $ 100,849
[1] Included in financing receivable in the consolidated balance sheets.
[2] Total assets at March 31, 2020 and December 31, 2019 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $21,016 and $26,594; Net investment in direct finance leases, $4,614 and $4,790; and Rental equipment, net of accumulated depreciation, $98,758, and $101,907, respectively.
[3] Total liabilities at March 31, 2020 and December 31, 2019 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $25,906 and $26,931; Debt, $91,501 and $100,849, respectively.