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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Total revenue $ 75,725 $ 80,748 $ 150,641 $ 164,140
Operating expenses        
Depreciation of rental equipment 28,846 29,816 55,894 61,599
Impairment of rental equipment 557 7,323 19,724 7,323
Storage, handling and other expenses 6,474 5,199 12,222 10,319
Gain on sale of rental equipment (2,108) (265) (3,722) (9,097)
Administrative expenses 7,389 8,049 15,053 17,223
Total operating expenses 41,158 50,122 99,171 87,367
Operating income 34,567 30,626 51,470 76,773
Other expenses        
Net interest expense 17,595 23,209 37,974 47,063
Other (income) expense (97) 119 149 157
Total other expenses 17,498 23,328 38,123 47,220
Income before income taxes 17,069 7,298 13,347 29,553
Income tax expense (benefit) 1,113 583 (1,943) 2,732
Income from continuing operations 15,956 6,715 15,290 26,821
Loss from discontinued operations, net of income taxes (16,582) (1,221) (17,246) (2,753)
Net (loss) income (626) 5,494 (1,956) 24,068
Preferred stock dividends 2,207 2,207 4,414 4,414
Net (loss) income attributable to CAI common stockholders (2,833) 3,287 (6,370) 19,654
Amounts attributable to CAI common stockholders        
Net income from continuing operations 13,749 4,508 10,876 22,407
Net loss from discontinued operations $ (16,582) $ (1,221) $ (17,246) $ (2,753)
Basic        
Continuing operations $ 0.79 $ 0.26 $ 0.62 $ 1.24
Discontinued operations (0.95) (0.07) (0.99) (0.15)
Total basic (0.16) 0.19 (0.37) 1.09
Diluted        
Continuing operations 0.78 0.25 0.62 1.22
Discontinued operations (0.94) (0.07) (0.98) (0.15)
Total diluted $ (0.16) $ 0.18 $ (0.36) $ 1.07
Weighted average shares outstanding        
Basic 17,470 17,648 17,451 18,098
Diluted 17,601 17,926 17,641 18,401
Container Lease Revenue [Member]        
Revenue        
Total revenue $ 69,443 $ 74,286 $ 138,556 $ 149,797
Rail Lease Revenue [Member]        
Revenue        
Total revenue $ 6,282 $ 6,462 $ 12,085 $ 14,343