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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 73,673 $ 56,556 $ 54,250
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 261,665 260,372 249,500
Bad debt (recovery) expense, net (1,668) 2,002 2,697
Container (recovery) write-off from lessee default, net (260) 7,179 12,980
Unrealized loss on derivative instruments, net 6,044 15,442 5,790
Amortization and write-off of unamortized deferred debt issuance costs and accretion of bond discounts 16,862 7,953 9,531
Amortization of intangible assets 2,572 2,093 3,721
Gain on sale of owned fleet containers, net (27,230) (21,397) (36,071)
Gain on insurance recovery and legal settlement   (14,881) (8,692)
Gain on settlement of pre-existing management agreement   (1,823)  
Share-based compensation expense 4,723 4,388 7,355
Decrease (increase) in:      
Accounts receivable, net 11,539 25,530 (34,113)
Trading containers, net 7,211 19,549 (30,100)
Receipt of payments on finance leases, net of income earned 44,569 49,796 63,847
Interest portion of container leaseback financing receivable (933) (2,286)  
Prepaid expenses and other current assets 1,103 8,693 12,072
Due from affiliates, net 371 (39) (558)
Other assets 502 (10,000) 1,603
Increase (decrease) in:      
Accounts payable and accrued expenses 981 (4,363) 808
Other liabilities (1,354) 13,519 (235)
Due to container investors, net (3,281) (6,407) 611
Long-term income tax payable 138 339 489
Deferred taxes, net (972) 1,449 634
Total adjustments 322,582 371,989 261,869
Net cash provided by operating activities 396,255 428,545 316,119
Cash flows from investing activities:      
Purchase of containers and fixed assets (746,145) (466,993) (854,383)
Payments on container leaseback financing receivable (116,263) (281,445)  
Payment for Leased Assets Pool Company Limited, net of cash acquired   (171,841)  
Payment for TW Container Leasing, Ltd. capital restructuring     (29,658)
Proceeds from sale of containers and fixed assets 151,021 150,742 147,254
Receipt of principal payments on container leaseback financing receivable 21,485 7,745  
Net cash used in investing activities (689,902) (761,792) (736,787)
Cash flows from financing activities:      
Proceeds from debt 2,114,260 1,439,223 2,029,025
Principal payments on debt (1,799,870) (1,049,857) (1,608,753)
Purchase of treasury shares (68,493) (8,597)  
Proceeds from container leaseback financing liability, net   17,448  
Principal repayments on container leaseback financing liability, net (12,825)    
Debt issuance costs (13,637) (9,417) (10,252)
Issuance of common shares upon exercise of share options 1,295 126 130
Dividends paid to noncontrolling interest   (2,744) (1,996)
Net cash provided by financing activities 220,730 386,182 408,154
Effect of exchange rate changes 177 42 (127)
Net (decrease) increase in cash, cash equivalents and restricted cash (72,740) 52,977 (12,641)
Cash, cash equivalents and restricted cash, beginning of the year 277,905 224,928 237,569
Cash, cash equivalents and restricted cash, end of the year 205,165 277,905 224,928
Supplemental disclosures of cash flow information:      
Cash paid for interest expense and realized (loss) gain on derivative instruments, net 126,958 142,248 123,581
Net income taxes paid 34 42 1,138
Supplemental disclosures of noncash operating activities:      
Right-of-use asset for leased properties 574 11,276  
Supplemental disclosures of noncash investing activities:      
Increase (decrease) in accrued container purchases 222,253 (33,316) (88,377)
Containers placed in finance leases $ 635,004 $ 173,856 53,859
Decrease in insurance receivable due to a decrease in estimated unrecoverable containers     $ 2,049