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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 198,022 $ 206,210
Accounts receivable, net of allowance of $1,523 and $1,290, respectively 131,375 125,746
Net investment in finance leases, net of allowance of $126 and $100, respectively 115,849 113,048
Container leaseback financing receivable, net of allowance of $45 and $38, respectively 50,239 30,317
Trading containers 7,292 12,740
Containers held for sale 11,178 7,007
Prepaid expenses and other current assets 15,267 14,184
Due from affiliates, net 2,639 2,376
Total current assets 531,861 511,628
Restricted cash 82,295 76,362
Marketable securities 2,660 2,866
Containers, net of accumulated depreciation of $1,913,327 and $1,851,664, respectively 4,707,731 4,731,878
Net investment in finance leases, net of allowance of $761 and $643, respectively 1,683,450 1,693,042
Container leaseback financing receivable, net of allowance of $76 and $75, respectively 682,200 323,830
Derivative instruments 72,817 12,278
Deferred taxes 1,070 1,073
Other assets 15,634 14,487
Total assets 7,779,718 7,367,444
Current liabilities:    
Accounts payable and accrued expenses 18,285 22,111
Container contracts payable 130,055 140,968
Other liabilities 4,915 4,895
Due to container investors, net 19,097 17,985
Debt, net of unamortized costs of $10,129 and $8,624, respectively 389,303 380,207
Total current liabilities 561,655 566,166
Debt, net of unamortized costs of $27,899 and $32,019, respectively 5,286,670 4,960,313
Derivative instruments 7 2,139
Income tax payable 10,990 10,747
Deferred taxes 9,249 7,589
Other liabilities 37,970 39,236
Total liabilities 5,906,541 5,586,190
Shareholders' Equity:    
Cumulative redeemable perpetual preferred shares, $0.01 par value, $25,000 liquidation preference per share. Authorized 10,000,000 shares; 12,000 shares issued and outstanding (equivalent to 12,000,000 depositary shares at $25.00 liquidation preference per depositary share) 300,000 300,000
Common shares, $0.01 par value. Authorized 140,000,000 shares; 59,647,685 shares issued and 48,018,141 shares outstanding at 2022; 59,503,710 shares issued and 48,831,855 shares outstanding at 2021 596 595
Treasury shares, at cost, 11,629,544 and 10,671,855 shares, respectively (194,868) (158,459)
Additional paid-in capital 434,577 428,945
Accumulated other comprehensive income 71,798 9,750
Retained earnings 1,261,074 1,200,423
Total shareholders’ equity 1,873,177 1,781,254
Total liabilities and shareholders' equity $ 7,779,718 $ 7,367,444