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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue      
Total revenue $ 294,013 $ 298,853 $ 284,924
Operating expenses      
Depreciation of rental equipment 109,856 111,917 107,109
Storage, handling and other expenses 17,758 17,533 8,853
Gain on sale of rental equipment (10,204) (4,402) (9,886)
Administrative expenses 27,312 34,188 28,792
Total operating expenses 144,722 159,236 134,868
Operating income 149,291 139,617 150,056
Other expenses      
Net interest expense 61,565 79,174 62,573
Write-off of debt issuance costs 6,135    
Other (income) expense (651) 313 677
Total other expenses 67,049 79,487 63,250
Income before income taxes 82,242 60,130 86,806
Income tax expense 1,800 4,783 5,089
Income from continuing operations 80,442 55,347 81,717
Loss from discontinued operations, net of income taxes (52,709) (24,336) (3,121)
Net income 27,733 31,011 78,596
Preferred stock dividends 8,829 8,829 5,124
Net income attributable to CAI common stockholders 18,904 22,182 73,472
Amounts attributable to CAI common stockholders      
Net income from continuing operations 71,613 46,518 76,593
Net loss from discontinued operations $ (52,709) $ (24,336) $ (3,121)
Basic      
Continuing operations $ 4.08 $ 2.62 $ 3.92
Discontinued operations (3.00) (1.37) (0.16)
Total basic 1.08 1.25 3.76
Diluted      
Continuing operations 4.03 2.58 3.86
Discontinued operations (2.97) (1.35) (0.15)
Total diluted $ 1.06 $ 1.23 $ 3.71
Weighted average shares of common stock outstanding      
Basic 17,546 17,731 19,562
Diluted 17,763 18,011 19,822
Container Lease Revenue [Member]      
Revenue      
Total revenue $ 294,013 $ 298,853 $ 284,924