XML 19 R12.htm IDEA: XBRL DOCUMENT v3.21.2
Transactions with Affiliates and Container Investors
9 Months Ended
Sep. 30, 2021
Related Party Transactions [Abstract]  
Transactions with Affiliates and Container Investors

(5)

Transactions with Affiliates and Container Investors

Due from affiliates, net of $2,770 and $1,509, as of September 30, 2021 and December 31, 2020, respectively, represents lease rentals on tank containers collected on behalf of and payable to the Company from the Company’s tank container manager, net of direct container expenses and management fees.

Total management fees earned from the Company’s managed fleet, including acquisition fees and sales commissions for the three and nine months ended September 30, 2021 amounted to $1,596 and $6,098, respectively, and $2,769 and $6,955 for the three and nine months ended September 30, 2020, respectively.

 

The following table provides a summary of due to container investors, net at September 30, 2021 and December 31, 2020:

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Accounts receivable, net - managed fleet

 

$

10,351

 

 

$

10,628

 

Prepaid expenses and other current assets - managed fleet

 

 

20

 

 

 

99

 

Accounts payable and accrued expenses - managed fleet

 

 

(432

)

 

 

(1,187

)

 

 

 

9,939

 

 

 

9,540

 

Distributions due to container investors on lease rentals collected, net of

  container expenses paid and management fees

 

 

8,249

 

 

 

9,157

 

Due to container investors, net

 

$

18,188

 

 

$

18,697