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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Lease rental income $ 600,873 $ 619,760 $ 612,704
Trading container margin 3,532 7,398 3,450
Gain on sale of owned fleet containers, net 27,230 21,397 36,071
Operating expenses:      
Distribution expense to managed fleet container investors 57,311 93,858 102,992
Depreciation expense 261,665 260,372 249,500
Amortization expense 2,572 2,093 3,721
General and administrative expense 41,880 38,142 44,317
Bad debt (recovery) expense, net (1,668) 2,002 2,697
Container lessee default (recovery) expense, net (1,675) 7,867 17,948
Gain on insurance recovery and legal settlement   (14,881) (8,692)
Gain on settlement of pre-existing management agreement   (1,823)  
Total operating expenses 415,307 433,461 466,328
Income from operations 221,599 222,684 194,426
Other (expense) income:      
Interest expense (123,230) (153,185) (138,427)
Write-off of unamortized deferred debt issuance costs and bond discounts (8,750)   (881)
Interest income 531 2,505 1,709
Realized (loss) gain on derivative instruments, net (12,295) 1,946 5,238
Unrealized loss on derivative instruments, net (6,044) (15,442) (5,790)
Other, net 1,488 (4)  
Net other expense (148,300) (164,180) (138,151)
Income before income tax and noncontrolling interests 73,299 [1] 58,504 [1] 56,275
Income tax benefit (expense) 374 (1,948) (2,025)
Net income 73,673 56,556 54,250
Less: Net (income) loss attributable to the noncontrolling interests (851) 168 (3,872)
Net income attributable to Textainer Group Holdings Limited common shareholders $ 72,822 $ 56,724 $ 50,378
Net income attributable to Textainer Group Holdings Limited common shareholders per share:      
Basic $ 1.37 $ 0.99 $ 0.88
Diluted $ 1.36 $ 0.99 $ 0.88
Weighted average shares outstanding (in thousands):      
Basic 53,271 57,349 57,200
Diluted 53,481 57,459 57,487
Owned Fleet      
Revenues:      
Lease rental income $ 538,425 $ 517,859 $ 501,362
Operating expenses:      
Direct container expense - owned fleet 55,222 45,831 53,845
Managed Fleet      
Revenues:      
Lease rental income 62,448 101,901 111,342
Operating expenses:      
Distribution expense to managed fleet container investors 57,311 93,858 102,992
Management Fees - Non-Leasing      
Revenues:      
Revenue 5,271 7,590 8,529
Trading Containers      
Revenues:      
Revenue 31,941 58,734 19,568
Cost of trading containers sold $ (28,409) $ (51,336) $ (16,118)
[1] (1) Container Ownership segment income (loss) before income tax and noncontrolling interests includes unrealized loss on derivative instruments, net of $6,044, $15,442 and $5,790 for the years ended December 31, 2020, 2019 and 2018, respectively, and write-off of unamortized deferred debt issuance costs and bond discounts of $8,750, $0 and $881 for the years ended December 31, 2020, 2019 and 2018, respectively.