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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 58,595 $ 77,674
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 71,838 72,493
Bad debt (recovery) expense, net (305) 477
Amortization of unamortized debt issuance costs and accretion of bond discounts 2,344 2,615
Gain on sale of owned fleet containers, net (9,548) (15,913)
Share-based compensation expense 2,261 1,727
Changes in operating assets and liabilities [1] 27,056 48,886
Total adjustments 93,646 110,285
Net cash provided by operating activities 152,241 187,959
Cash flows from investing activities:    
Purchase of containers (7,775) (204,445)
Payments on container leaseback financing receivable   (303,894)
Proceeds from sale of containers 41,908 29,656
Receipt of principal payments on container leaseback financing receivable 13,156 7,444
Other [1] 5 (2,031)
Net cash provided by (used in) investing activities 47,294 (473,270)
Cash flows from financing activities:    
Proceeds from debt   482,100
Payments on debt (163,041) (149,262)
Principal repayments on container leaseback financing liability, net (204) (200)
Purchase of treasury shares (41,659) (36,409)
Issuance of common shares upon exercise of share options 337 3,906
Dividends paid on common shares (12,865) (12,054)
Dividends paid on preferred shares (4,969) (4,969)
Net cash (used in) provided by financing activities (222,401) 283,112
Effect of exchange rate changes 66 (56)
Net change in cash, cash equivalents and restricted cash (22,800) (2,255)
Cash, cash equivalents and restricted cash, beginning of the year 267,409 282,572
Cash, cash equivalents and restricted cash, end of the period 244,609 280,317
Supplemental disclosures of cash flow information:    
Interest paid 39,475 32,266
Income taxes paid 3 140
Receipt of payments on finance leases, net of income earned 33,142 53,132
Supplemental disclosures of noncash investing activities:    
Decrease in accrued container purchases 4,831 10,913
Containers placed in finance leases $ 736 $ 57,361
[1] Amounts for the period ended March 31, 2022 have been reclassified to conform with the 2023 presentation (see Note 2 (f) “Reclassifications and Changes in Presentation”).