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Managed Container Fleet (Tables)
12 Months Ended
Dec. 31, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Company's Leasing Equipment

The Company’s container leasing equipment includes such managed containers in the consolidated balance sheets as of December 31, 2022 and 2021, which consisted of the following:

 

 

 

2022

 

 

2021

 

 

 

Cost

 

 

Accumulated
Depreciation

 

 

Net Book
Value

 

 

Cost

 

 

Accumulated
Depreciation

 

 

Net Book
Value

 

Containers - owned fleet

 

$

6,378,374

 

 

$

(2,027,743

)

 

$

4,350,631

 

 

$

6,566,785

 

 

$

(1,850,721

)

 

$

4,716,064

 

Containers - managed fleet

 

 

16,417

 

 

 

(1,924

)

 

 

14,493

 

 

 

16,757

 

 

 

(943

)

 

 

15,814

 

Total containers

 

$

6,394,791

 

 

$

(2,029,667

)

 

$

4,365,124

 

 

$

6,583,542

 

 

$

(1,851,664

)

 

$

4,731,878

 

 

Summary of Income from Managed Fleet, Including Management Fees Earned from Acquisition Fees and Sales Commissions ncome from the managed fleet, including management fees earned from acquisition fees and sales commissions during 2022, 2021 and 2020 were as follows:

 

 

 

2022

 

 

2021

 

 

2020

 

Lease rental income - managed fleet

 

$

49,635

 

 

$

56,037

 

 

$

62,448

 

Less: distribution expense to managed fleet
   container investors

 

 

(44,150

)

 

 

(50,360

)

 

 

(57,311

)

Less: depreciation and interest expense on managed
   containers purchased on or after January 1, 2019

 

 

(1,836

)

 

 

(1,348

)

 

 

(730

)

 

 

 

3,649

 

 

 

4,329

 

 

 

4,407

 

Management fees from non-leasing services

 

 

2,812

 

 

 

3,360

 

 

 

5,271

 

Total

 

$

6,461

 

 

$

7,689

 

 

$

9,678

 

 

 

 

 

 

 

 

 

 

 

Summary of Reconciliation of Balance Sheet Accounts From the Managed Fleet to Total Amount in Condensed Consolidated Balance Sheets The following table provides a reconciliation of the balance sheet accounts from the managed fleet to the total amount as of December 31, 2022 and 2021 in the consolidated balance sheets (also, see Note 3 “Transactions with Affiliates and Container Investors”).

 

 

2022

 

 

2021

 

Accounts receivable, net - owned fleet

 

$

107,457

 

 

$

118,107

 

Accounts receivable, net - managed fleet

 

 

7,348

 

 

 

7,639

 

Total accounts receivable, net

 

$

114,805

 

 

$

125,746

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets - owned fleet

 

$

16,614

 

 

$

14,142

 

Prepaid expenses and other current assets - managed fleet

 

 

89

 

 

 

42

 

Total prepaid expenses and other current assets

 

$

16,703

 

 

$

14,184

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses - owned fleet

 

$

22,868

 

 

$

21,736

 

Accounts payable and accrued expenses - managed fleet

 

 

1,292

 

 

 

375

 

Total accounts payable and accrued expenses

 

$

24,160

 

 

$

22,111

 

 

 

 

 

 

 

 

Container contracts payable - owned fleet

 

$

6,648

 

 

$

140,968

 

Total container contracts payable

 

$

6,648

 

 

$

140,968