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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $3,942 and $7,671 at June 30, 2020 and December 31, 2019, respectively $ 70,020 $ 72,984
Current portion of net investment in finance leases 75,906 71,274
Prepaid expenses and other current assets 14,880 9,606
Assets held for sale 13,143 37,781
Total current assets 221,811 238,109
Restricted cash 22,188 26,775
Rental equipment, net of accumulated depreciation of $660,418 and $620,990 at June 30, 2020 and December 31, 2019, respectively 1,978,826 2,102,839
Net investment in finance leases 463,251 496,094
Financing receivable [1] 53,821 30,693
Other non-current assets 6,036 7,255
Total assets [2] 2,745,933 2,901,765
Current liabilities    
Accounts payable 4,557 4,534
Accrued expenses and other current liabilities 24,365 25,206
Unearned revenue 6,802 6,405
Current portion of debt 251,250 218,094
Rental equipment payable 3,356 25,137
Liabilities held for sale 6,517 8,752
Total current liabilities 296,847 288,128
Debt 1,728,310 1,880,122
Deferred income tax liability 29,161 35,376
Other non-current liabilities 4,148 4,899
Total liabilities [3] 2,058,466 2,208,525
Stockholders' equity    
Common stock, par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 17,553,491 and 17,479,127 shares at June 30, 2020 and December 31, 2019, respectively 2 2
Additional paid-in capital 103,342 102,709
Accumulated other comprehensive loss (6,666) (6,630)
Retained earnings 486,924 493,294
Total stockholders' equity 687,467 693,240
Total liabilities and stockholders' equity 2,745,933 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 [3] 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 20,159 19,870
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 27,703 26,594
Rental equipment, net of accumulated depreciation of $660,418 and $620,990 at June 30, 2020 and December 31, 2019, respectively 90,865 101,907
Net investment in finance leases 4,112 4,790
Current liabilities    
Current portion of debt 33,175 26,931
Debt $ 82,975 $ 100,849
[1] Included in financing receivable in the consolidated balance sheets.
[2] Total assets at June 30, 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, $27,703 and $26,594; Net investment in finance leases, $4,112 and $4,790; and Rental equipment, net of accumulated depreciation, $90,865, and $101,907, respectively.
[3] Total liabilities at June 30, 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, $33,175 and $26,931; Debt, $82,975 and $100,849, respectively.