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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Current portion of restricted cash $ 600 $ 600
Accounts receivable, net of allowance for doubtful accounts of $400 and $393 at March 31, 2021 and December 31, 2020, respectively 61,843 65,310
Current portion of net investment in finance leases 80,308 78,992
Current portion of financing receivable 10,615 9,550
Prepaid expenses and other current assets 5,788 6,663
Total current assets 207,067 214,662
Restricted cash 12,087 12,355
Rental equipment, net of accumulated depreciation of $691,842 and $669,360 at March 31, 2021 and December 31, 2020, respectively 1,808,001 1,781,321
Net investment in finance leases 585,016 550,573
Financing receivable 50,568 48,888
Derivative instruments 9,586  
Other non-current assets 4,280 4,833
Total assets [1] 2,676,605 2,612,632
Current liabilities    
Accounts payable 3,231 3,666
Accrued expenses and other current liabilities 26,569 29,598
Unearned revenue 3,260 3,029
Current portion of debt 183,878 183,448
Rental equipment payable 61,582 100,509
Total current liabilities 278,520 320,250
Debt 1,642,879 1,562,283
Derivative instruments   80
Net deferred income tax liability 25,532 24,442
Other non-current liabilities 3,467 3,337
Total liabilities [2] 1,950,398 1,910,392
Stockholders' equity    
Common stock, par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 17,304,111 and 17,562,779 shares at March 31, 2021 and December 31, 2020, respectively 2 2
Additional paid-in capital 89,308 100,795
Accumulated other comprehensive loss 1,370 (5,743)
Retained earnings 531,662 503,321
Total stockholders' equity 726,207 702,240
Total liabilities and stockholders' equity 2,676,605 2,612,632
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 23,971 26,691
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 23,942 26,856
Rental equipment, net of accumulated depreciation of $691,842 and $669,360 at March 31, 2021 and December 31, 2020, respectively 73,212 77,907
Net investment in finance leases 2,150 2,683
Current liabilities    
Current portion of debt 43,392 41,344
Debt $ 48,120 $ 59,519
[1] Total assets at March 31, 2021 and December 31, 2020 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $23,942 and $26,856; Net investment in finance leases, $2,150 and $2,683; and Rental equipment, net of accumulated depreciation, $73,212, and $77,907, respectively.
[2] Total liabilities at March 31, 2021 and December 31, 2020 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $43,392 and $41,344; Debt, $48,120 and $59,519, respectively.