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Segment Information (Tables)
12 Months Ended
Dec. 31, 2013
Segment Information [Abstract]  
Segment Reporting Information By Container Leasing And Container Management Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

Equipment Leasing

 

Equipment Management

 

Unallocated

 

Total

Rental revenue

$

196,591 

 

$

 -

 

$

 -

 

$

196,591 

Management fee revenue

 

 -

 

 

7,866 

 

 

 -

 

 

7,866 

Finance lease income

 

7,948 

 

 

 -

 

 

 -

 

 

7,948 

Total revenue

 

204,539 

 

 

7,866 

 

 

 -

 

 

212,405 

Depreciation of rental equipment

 

67,109 

 

 

 -

 

 

 -

 

 

67,109 

Amortization of intangible assets

 

351 

 

 

429 

 

 

 -

 

 

780 

Gain on disposition of used rental equipment

 

(7,356)

 

 

 -

 

 

 -

 

 

(7,356)

Storage, handling and other expenses

 

19,257 

 

 

 -

 

 

 -

 

 

19,257 

Marketing, general and administrative expenses

 

21,463 

 

 

2,385 

 

 

 -

 

 

23,848 

Loss on foreign exchange

 

82 

 

 

 -

 

 

 -

 

 

82 

Total operating expenses

 

100,906 

 

 

2,814 

 

 

 -

 

 

103,720 

Operating income

 

103,633 

 

 

5,052 

 

 

 -

 

 

108,685 

Interest expense

 

37,113 

 

 

 -

 

 

 -

 

 

37,113 

Interest income

 

 -

 

 

 -

 

 

(5)

 

 

(5)

Net interest expense

 

37,113 

 

 

 -

 

 

(5)

 

 

37,108 

Net income before income taxes and non-controlling interest

$

66,520 

 

$

5,052 

 

$

 

$

71,577 

Total assets

$

1,664,851 

 

$

10,738 

 

$

 -

 

$

1,675,589 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2012

 

Equipment Leasing

 

Equipment Management

 

Unallocated

 

Total

Rental revenue

$

152,982 

 

$

 -

 

$

 -

 

$

152,982 

Management fee revenue

 

 -

 

 

12,094 

 

 

 -

 

 

12,094 

Gain on sale of container portfolios

 

 -

 

 

1,256 

 

 

 -

 

 

1,256 

Finance lease income

 

7,593 

 

 

 

 

 

 -

 

 

7,593 

Total revenue

 

160,575 

 

 

13,350 

 

 

 -

 

 

173,925 

Depreciation of rental equipment

 

48,352 

 

 

 -

 

 

 -

 

 

48,352 

Amortization of intangible assets

 

487 

 

 

415 

 

 

 -

 

 

902 

Gain on disposition of used rental equipment

 

(12,445)

 

 

 -

 

 

 -

 

 

(12,445)

Storage, handling and other expenses

 

9,402 

 

 

 -

 

 

 -

 

 

9,402 

Marketing, general and administrative expenses

 

18,320 

 

 

6,338 

 

 

 -

 

 

24,658 

Loss on foreign exchange

 

170 

 

 

 -

 

 

 -

 

 

170 

Total operating expenses

 

64,286 

 

 

6,753 

 

 

 -

 

 

71,039 

Operating income

 

96,289 

 

 

6,597 

 

 

 -

 

 

102,886 

Interest expense

 

28,796 

 

 

 -

 

 

 -

 

 

28,796 

Interest income

 

 -

 

 

 -

 

 

(9)

 

 

(9)

Net interest expense

 

28,796 

 

 

 -

 

 

(9)

 

 

28,787 

Net income before income taxes and non-controlling interest

$

67,493 

 

$

6,597 

 

$

 

$

74,099 

Total assets

$

1,368,236 

 

$

19,705 

 

$

 -

 

$

1,387,941 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2011

 

Equipment Leasing

 

Equipment Management

 

Unallocated

 

Total

Rental revenue

$

106,694 

 

$

 -

 

$

 -

 

$

106,694 

Management fee revenue

 

 -

 

 

12,957 

 

 

 -

 

 

12,957 

Gain on sale of container portfolios

 

 -

 

 

2,345 

 

 

 -

 

 

2,345 

Finance lease income

 

3,710 

 

 

 

 

 

 -

 

 

3,710 

Total revenue

 

110,404 

 

 

15,302 

 

 

 -

 

 

125,706 

Depreciation of rental equipment

 

33,633 

 

 

 -

 

 

 -

 

 

33,633 

Amortization of intangible assets

 

625 

 

 

629 

 

 

 -

 

 

1,254 

Gain on disposition of used rental equipment

 

(13,374)

 

 

 -

 

 

 -

 

 

(13,374)

Storage, handling and other expenses

 

5,513 

 

 

 -

 

 

 -

 

 

5,513 

Marketing, general and administrative expenses

 

14,412 

 

 

6,597 

 

 

 -

 

 

21,009 

Gain on foreign exchange

 

(354)

 

 

 -

 

 

 -

 

 

(354)

Total operating expenses

 

40,455 

 

 

7,226 

 

 

 -

 

 

47,681 

Operating income

 

69,949 

 

 

8,076 

 

 

 -

 

 

78,025 

Interest expense

 

16,139 

 

 

 -

 

 

 -

 

 

16,139 

Interest income

 

 -

 

 

 -

 

 

(12)

 

 

(12)

Net interest expense

 

16,139 

 

 

 -

 

 

(12)

 

 

16,127 

Net income before income taxes and non-controlling interest

$

53,810 

 

$

8,076 

 

$

12 

 

$

61,898 

Total assets

$

933,094 

 

$

20,274 

 

$

 -

 

$

953,368