CAI International (CAI) 10-Q 3 May 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 30, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	CAI International, Inc.
Entity Filer Category	Accelerated Filer
Entity Central Index Key	0001388430
Amendment Flag	false
Document Type	10-Q
Document Fiscal Period Focus	Q1
Trading Symbol	cai
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		17,934,992
Entity Emerging Growth Company	false
Entity Small Business	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Current assets
Accounts receivable, net of allowance for doubtful accounts of $2,839 and $2,042 at March 31, 2019 and December 31, 2018, respectively		$ 94,729	$ 95,942
Current portion of net investment in sales-type and direct finance leases		74,895	75,975
Prepaid expenses and other current assets		4,422	2,789
Total current assets		221,232	220,021
Restricted cash		29,703	30,668
Rental equipment, net of accumulated depreciation of $613,838 and $599,443 at March 31, 2019 and December 31, 2018, respectively		2,176,376	2,265,260
Net investment in sales-type and direct finance leases		465,041	473,792
Goodwill		15,794	15,794
Intangible assets, net of accumulated amortization of $5,799 and $5,397 at March 31, 2019 and December 31, 2018, respectively		5,331	5,733
Operating lease right-of-use assets		3,181
Furniture, fixtures and equipment, net of accumulated depreciation of $2,657 and $2,653 at March 31, 2019 and December 31, 2018, respectively		960	964
Other non-current assets		297	385
Total assets	[1]	2,917,915	3,012,617
Current liabilities
Accounts payable		7,361	7,371
Accrued expenses and other current liabilities		19,869	22,460
Due to container investors		670	2,609
Unearned revenue		5,216	7,573
Current portion of debt		318,664	311,381
Rental equipment payable		56,221	74,139
Total current liabilities		408,001	425,533
Debt		1,764,695	1,847,633
Deferred income tax liability		38,949	38,319
Operating lease liabilities		1,961
Total liabilities	[2]	2,213,606	2,311,485
Stockholders' equity
Common stock: par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 18,207,676 and 18,764,459 shares at March 31, 2019 and December 31, 2018, respectively		2	2
Additional paid-in capital		119,557	132,666
Accumulated other comprehensive loss		(6,594)	(6,513)
Retained earnings		487,479	471,112
Total stockholders' equity		704,309	701,132
Total liabilities and stockholders' equity		2,917,915	3,012,617
Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Stockholders' equity
Preferred stock, par value $0.0001 per share; authorized 10,000,000		54,990	54,990
Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Stockholders' equity
Preferred stock, par value $0.0001 per share; authorized 10,000,000		48,875	48,875
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Current assets
Cash		20,128	20,104
Variable Interest Entity, Primary Beneficiary [Member]
Current assets
Cash		27,058	25,211
Rental equipment, net of accumulated depreciation of $613,838 and $599,443 at March 31, 2019 and December 31, 2018, respectively		126,305	71,958
Net investment in sales-type and direct finance leases		13,486	13,862
Current liabilities
Current portion of debt		47,816	41,066
Debt		$ 117,625	$ 67,615
[1]	Total assets at March 31, 2019 and December 31, 2018 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $27,058 and $25,211; Net investment in direct finance leases, $13,486 and $13,862; and Rental equipment, net of accumulated depreciation, $126,305, and $71,958, respectively.
[2]	Total liabilities at March 31, 2019 and December 31, 2018 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $47,816 and $41,066; Debt, $117,625 and $67,615, respectively.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Current assets
Accounts receivable, allowance for doubtful accounts	$ 2,839	$ 2,042
Rental equipment net of accumulated depreciation	2,176,376	2,265,260
Rental equipment, accumulated depreciation	613,838	599,443
Net investment in direct finance leases	465,041	473,792
Intangible assets, accumulated amortization	5,799	5,397
Furniture, fixtures and equipment, accumulated depreciation	2,657
Current liabilities
Current portion of debt	318,664	311,381
Debt	$ 1,764,695	$ 1,847,633
Stockholders' equity
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	84,000,000	84,000,000
Common stock, shares issued	18,207,676	18,764,459
Common stock, shares outstanding	18,207,676	18,764,459
Variable Interest Entity, Primary Beneficiary [Member]
Current assets
Cash	$ 27,058	$ 25,211
Rental equipment net of accumulated depreciation	126,305	71,958
Net investment in direct finance leases	13,486	13,862
Current liabilities
Current portion of debt	47,816	41,066
Debt	$ 117,625	$ 67,615
Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Stockholders' equity
Preferred stock, dividend rate	8.50%	8.50%
Preferred stock, shares issued	2,199,610	2,199,610
Preferred stock, shares outstanding	2,199,610	2,199,610
Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Stockholders' equity
Preferred stock, dividend rate	8.50%	8.50%
Preferred stock, shares issued	1,955,000	1,955,000
Preferred stock, shares outstanding	1,955,000	1,955,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue
Total revenue	$ 111,108	$ 95,374
Operating expenses
Depreciation of rental equipment	31,784	28,847
Storage, handling and other expenses	5,120	4,100
Logistics transportation costs	24,519	18,665
Gain on sale of used rental equipment	(8,832)	(2,195)
Administrative expenses	14,396	11,241
Total operating expenses	66,987	60,658
Operating income	44,121	34,716
Other expenses
Net interest expense	23,850	16,899
Other expense (income)	38	(35)
Total other expenses	23,888	16,864
Income before income taxes	20,233	17,852
Income tax expense	1,659	714
Net income	18,574	17,138
Preferred stock dividends	2,207	21
Net income attributable to CAI common stockholders	$ 16,367	$ 17,117
Net income per share attributable to CAI common stockholders
Basic	$ 0.88	$ 0.84
Diluted	$ 0.87	$ 0.83
Weighted average shares outstanding
Basic	18,555,000	20,414,000
Diluted	18,870,000	20,672,000
Container Lease Revenue [Member]
Revenue
Total revenue	$ 75,511	$ 64,634
Rail Lease Revenue [Member]
Revenue
Total revenue	7,881	9,104
Logistics Revenue [Member]
Revenue
Total revenue	$ 27,716	$ 21,636

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 18,574	$ 17,138
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(81)	310
Comprehensive income before preferred stock dividends	18,493	17,448
Dividends on preferred stock	(2,207)	(21)
Comprehensive income available to CAI common stockholders	$ 16,286	$ 17,427

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Total
Balances at Dec. 31, 2017		$ 2	$ 172,325	$ (6,122)	$ 397,640	$ 563,845
Balances, Shares at Dec. 31, 2017		20,391
Net income					17,138	17,138
Preferred stock dividends					(21)	(21)
Foreign currency translation adjustment				310		310
Issuance of common and preferred stock, net of offering costs	$ 40,000		956			40,956
Issuance of common and preferred stock, net of offering costs, Shares	1,600	100
Exercise of stock options			24			24
Exercise of stock options, Shares		2
Stock based compensation - options			416			416
Stock based compensation - restricted stock			188			188
Stock based compensation - restricted stock, Shares		2
Payment of income tax withheld on vested restricted stock			(36)			(36)
Payment of income tax withheld on vested restricted stock, Shares		(2)
Balances at Mar. 31, 2018	$ 40,000	$ 2	173,873	(5,812)	414,757	622,820
Balances, Shares at Mar. 31, 2018	1,600	20,493
Balances at Dec. 31, 2018	$ 103,865	$ 2	132,666	(6,513)	471,112	701,132
Balances, Shares at Dec. 31, 2018	4,155	18,764
Net income					18,574	18,574
Preferred stock dividends					(2,207)	(2,207)
Foreign currency translation adjustment				(81)		(81)
Repurchase of common stock			(13,946)			$ (13,946)
Repurchase of common stock, Shares		(595)				(600)
Exercise of stock options			107			$ 107
Exercise of stock options, Shares		27
Stock based compensation - options			221			221
Stock based compensation - restricted stock			618			618
Stock based compensation - restricted stock, Shares		14
Payment of income tax withheld on vested restricted stock			(109)			(109)
Payment of income tax withheld on vested restricted stock, Shares		(2)
Balances at Mar. 31, 2019	$ 103,865	$ 2	$ 119,557	$ (6,594)	$ 487,479	$ 704,309
Balances, Shares at Mar. 31, 2019	4,155	18,208

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY [Abstract]
Preferred Stock, Dividends Per Share	$ 0.53125	$ 0.01181

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net income		$ 18,574	$ 17,138
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		31,839	28,879
Amortization of debt issuance costs		1,202	945
Amortization of intangible assets		403	544
Stock-based compensation expense		839	604
Unrealized (gain) loss on foreign exchange		26	(80)
Gain on sale of used rental equipment		(8,832)	(2,195)
Deferred income taxes		630	752
Bad debt expense		738	124
Changes in other operating assets and liabilities:
Accounts receivable		1,158	671
Prepaid expenses and other assets		(1,132)	(27)
Net investment in sales-type and direct financing leases		16,442
Accounts payable, accrued expenses and other liabilities		(3,580)	(6,288)
Due to container investors		(1,940)	(1,458)
Unearned revenue		(2,038)	(362)
Net cash provided by operating activities		54,329	39,247
Cash flows from investing activities
Purchase of rental equipment	[1]	(141,212)	(112,763)
Proceeds from sale of used rental equipment		180,331	9,671
Purchase of furniture, fixtures and equipment		(50)	(58)
Receipt of principal payments from sales-type and direct financing leases			8,336
Net cash provided by (used in) investing activities		39,069	(94,814)
Cash flows from financing activities
Proceeds from debt		306,582	477,600
Principal payments on debt		(382,847)	(441,884)
Debt issuance costs		(419)	(3,485)
Proceeds from issuance of common and preferred stock			42,076
Repurchase of common stock		(13,946)
Dividends paid to preferred stockholders		(2,207)
Exercise of stock options		107	24
Net cash (used in) provided by financing activities		(92,730)	74,331
Effect on cash of foreign currency translation		238	98
Net increase in cash and restricted cash		906	18,862
Cash and restricted cash at beginning of the period	[2]	75,983	47,209
Cash and restricted cash at end of the period	[3]	76,889	66,071
Cash paid during the period for:
Income taxes		91	174
Interest		22,544	16,654
Supplemental disclosure of non-cash investing and financing activity
Transfer of rental equipment to direct finance lease		8,349	15,956
Rental equipment payable		$ 56,221	$ 133,714
[1]	Represents cash disbursements for purchasing of rental equipment as reflected in the consolidated statements of cash flows for the periods indicated.
[2]	Includes cash of $20,104 and $14,735, cash held by variable interest entities of $25,211 and $20,685, and restricted cash of $30,668 and $11,789 at December 31, 2018 and 2017, respectively.
[3]	Includes cash of $20,128 and $21,564, cash held by variable interest entities of $27,058 and $22,765, and restricted cash of $29,703 and $21,742 at March 31, 2019 and 2018, respectively.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Restricted cash	$ 29,703	$ 30,668	$ 21,742	$ 11,789
Variable Interest Entity, Primary Beneficiary [Member]
Cash	27,058	25,211	22,765	20,685
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Cash	$ 20,128	$ 20,104	$ 21,564	$ 14,735

The Company And Nature Of Opera

The Company And Nature Of Operations	3 Months Ended
	Mar. 31, 2019
The Company And Nature Of Operations [Abstract]
The Company And Nature Of Operations	(1) The Company and Nature of Operations  Organization CAI International, Inc., together with its subsidiaries (collectively, CAI or the Company), is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers. The Company also manages equipment for third-party investors. In operating its fleet, the Company leases, re-leases and disposes of equipment and contracts for the repair, repositioning and storage of equipment. The Company also provides domestic and international logistics services. The Company’s common stock, 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Stock and 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Stock are traded on the New York Stock Exchange under the symbols “CAI,” “CAI-PA” and “CAI-PB,” respectively. The Company’s corporate headquarters are located in San Francisco, California. Basis of Presentation The accompanying unaudited consolidated financial statements include the financial statements of CAI International, Inc. and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal, recurring adjustments necessary to present fairly the Company’s financial position as of March 31, 2019 and December 31, 2018, the Company’s results of operations for the three months ended March 31, 2019 and 2018, and the Company’s cash flows for the three months ended March 31, 2019 and 2018. The results of operations and cash flows for the periods presented are not necessarily indicative of the results of operations or cash flows which may be reported for the remainder of 2019 or in any future period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) have been condensed or omitted. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 5, 2019.

Accounting Policies And Recent

Accounting Policies And Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Accounting Policies And Recent Accounting Pronouncements [Abstract]
Accounting Policies And Recent Accounting Pronouncements	(2) Accounting Policies and Recent Accounting Pronouncements Recent Accounting Pronouncements In February 2016, the F inancial A ccounting S tandards B oard (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) (ASU 2016-02), and subsequently issued amendments thereto, that replaced existing lease accounting guidance. The new standard requires lessors to classify leases as a sales-type, direct financing, or operating lease. A lease is a sales-type lease if any of five criteria are met, each of which indicate that the lease, in effect, transfers control of the underlying asset to the lessee. If none of those five criteria are met, but two additional criteria are both met, indicating that the lessor has transferred substantially all of the risks and benefits of the underlying asset to the lessee and a third-party, the lease is a direct financing lease. All leases that are not sales-type or direct financing leases are operating leases. The new standard also established a right-of-use model (ROU) that requires lessees to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than twelve months. The Company adopted ASU 2016-02, as amended, effective January 1, 2019, using the modified retrospective approach and the effective date as the date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. In addition, the Company elected the following practical expedients permitted under the transition guidance within the new standard: (1) the “package of practical expedients,” which does not require the Company to reassess under the new standard its prior conclusions about lease identification, lease classification, and initial direct costs, (2) the short-term lease recognition exemption for its office space leases of twelve months or less, which resulted in the Company not recognizing an ROU asset or lease liability for these leases, and (3) the practical expedient to not separate lease and non-lease components for leases that qualify for the practical expedient. Adoption of the new standard resulted in the recognition of operating lease ROU assets of $3.7 million and operating lease liabilities of $4.1 million as of January 1, 2019. Adoption did not have an impact on the Company’s consolidated statements of income or cash flows. Except as described above, there were no changes to the Company’s accounting policies during the three months ended March 31, 2019. See Note 2 to the audited consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 5, 2019, for a description of the Company’s significant accounting policies.  Accounting Policies (a) Container and Rail Lease Revenue The Company recognizes revenue from operating leases of its equipment as earned over the term of the lease. Where minimum lease payments vary over the lease term, revenue is recognized on a straight-line basis over the term of the lease. The Company recognizes revenue on a cash basis for certain railcar leases that are billed on an hourly or mileage basis through a third-party railcar manager. Early termination of the rental contracts subjects the lessee to a penalty, which is included in lease revenue upon such termination. Sales-type and f inance lease income is recognized using the effective interest method, which generates a constant rate of interest over the period of the lease. Certain leases include one or more options to renew or purchase the leased rental equipment. The exercise of lease renewal or equipment purchase options is at the sole discretion of the customer. Included in lease revenue is revenue consisting primarily of fees charged to the lessee for handling, delivery, and repairs . These activities are considered non-lease components of the contract, which are generally accounted for separately from the lease component, and revenue is recognized as earned in accordance with Accounting Standards Codification (ASC) Topic 606, Revenue Recognition . For certain leases of railcar equipment, the Company is responsible for the repair and maintenance of the railcars throughout the lease term. For such leases, the lease and non-lease component are combined as a single lease component, and revenue is recognized as earned in accordance with ASC Topic 842, Leases . Also included in lease revenue is revenue from management fees earned under equipment management agreements. Management fees are generally calculated as a percentage of the monthly net operating income for an investor’s portfolio and recognized as revenue in the month of service. (b) Leases The Company leases office space under operating leases with expiration dates through 2024. The Company determines whether an arrangement constitutes a lease and records lease liabilities and ROU assets on its consolidated balance sheets at lease commencement. Operating leases under ASC 842 are included in operating lease right-of-use assets, accrued expenses and other current liabilities, and operating lease liabilities in the Company’s consolidated balance sheets. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU assets also include any lease pre-payments made and exclude lease incentives. Certain of the Company’s leases include one or more options to renew, which are included in the lease term only when it is reasonably certain that the Company will exercise that option. The Company’s office space leases often include lease and non-lease components, which are combined and accounted for as a single lease component. For short-term leases, the Company records rent expense in its consolidated statements of income on a straight-line basis over the lease term and records variable lease payments as incurred.

Consolidation Of Variable Inter

Consolidation Of Variable Interest Entities	3 Months Ended
	Mar. 31, 2019
Consolidation Of Variable Interest Entities [Abstract]
Consolidation Of Variable Interest Entities	(3) Consolidation of Variable Interest Entities  The Company regularly performs a review of its container fund arrangements with investors to determine whether or not it has a variable interest in the fund and if the fund is a variable interest entity (VIE). If it is determined that the Company does not have a variable interest in the fund, further analysis is not required and the Company does not consolidate the fund. If it is determined that the Company does have a variable interest in the fund and the fund is a VIE, a further analysis is performed to determine if the Company is a primary beneficiary of the VIE and meets both of the following criteria under FASB ASC Topic 810, Consolidation : · it has power to direct the activities of a VIE that most significantly impact the VIE’s economic performance; and · it has the obligation to absorb losses of the VIE that could be potentially significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. If in the Company’s judgment both of the above criteria are met, the VIE’s financial statements are included in the Company’s consolidated financial statements as required under FASB ASC Topic 810, Consolidation . The Company currently enters into two types of container fund arrangements with investors which are reviewed under FASB ASC Topic 810, Consolidation . These arrangements include container funds that the Company manages for investors and container funds that have entered into financing arrangements with investors. All of the funds under financing arrangements are Japanese container funds that were established under separate investment agreements allowed under Japanese commercial laws. Each of the funds is financed by unrelated Japanese third-party investors. Managed Container Funds The fees earned by the Company for arranging, managing and establishing container funds are commensurate with the level of effort required to provide those services, and the arrangements include only terms and conditions that are customarily present in arrangements for similar services. As such, the Company does not have a variable interest in the managed containers funds, and does not consolidate those funds. No container portfolios were sold to the funds during the three months ended March 31, 2019 and 2018. Collateralized Financing Obligations The Company has transferred containers to Japanese investor funds while concurrently entering into lease agreements for the same containers, under which the Company leases the containers back from the Japanese investors. The Company concluded these were financing transactions under which sale-leaseback accounting was not applicable. The terms of the transactions with container funds under financing arrangements include options for the Company to purchase the containers from the funds at a fixed price. As a result of the residual interest resulting from the fixed price call option, the Company concluded that it may absorb a significant amount of the variability associated with the funds’ anticipated economic performance and, as a result, the Company has a variable interest in the funds. The funds are considered VIEs under FASB ASC Topic 810, Consolidation , because, as lessee of the funds, the Company has the power to direct the activities that most significantly impact each entity’s economic performance, including the leasing and managing of containers owned by the funds. As the Company has the power to direct the activities that most significantly impact the economic performance of the VIEs and the variable interest provides the Company with the right to receive benefits from the entity that could potentially be significant to the funds, the Company determined that it is the primary beneficiary of these VIEs and included the VIEs’ assets and liabilities as of March 31, 2019 and December 31, 2018, and the results of the VIEs’ operations and cash flows for the three months ended March 31, 2019 and 2018, in the Company’s consolidated financial statements. The containers that were transferred to the Japanese investor funds had a net book value of $139.8 million as of March 31, 2019. The container equipment, together with $27.1 million of cash held by the investor funds that can only be used to settle the liabilities of the VIEs, has been included on the Company’s consolidated balance sheets with the related liability presented in the debt section of the Company’s consolidated balance sheets as collateralized financing obligations of $124.2 million and term loans held by VIE of $41.3 million . No gain or loss was recognized by the Company on the initial consolidation of the VIEs. Containers sold to the Japanese investor funds during the three months ended March 31, 2019 and 2018, had a net book value of $65.0 million and $7.9 million, respectively.

Rental Equipment

Rental Equipment	3 Months Ended
	Mar. 31, 2019
Rental Equipment [Abstract]
Rental Equipment	(4) Rental Equipment  The following table provides a summary of the Company’s rental equipment (in thousands):      March 31, December 31,  2019 2018  Dry containers $ 1,885,018 $ 1,840,304  Refrigerated containers 340,495 341,983  Other specialized equipment 206,282 192,035  Railcars 358,419 490,381  2,790,214 2,864,703  Accumulated depreciation (613,838) (599,443)  Rental equipment, net of accumulated depreciation $ 2,176,376 $ 2,265,260  On February 26, 2019, the Company entered into an agreement to sell 2,146 railcars. The sale of 1,946 railcars for consideration of $165.3 million was completed in February 2019, which resulted in a $7.0 million gain on sale of rental equipment. The sale of the remaining 200 railcars is expected to complete in the second quarter of 2019.  

Net Investment In Sales-Type An

Net Investment In Sales-Type And Direct Finance Leases	3 Months Ended
	Mar. 31, 2019
Net Investment In Sales-Type And Direct Finance Leases [Abstract]
Net Investment In Sales-Type And Direct Finance Leases	(5) Net Investment in Sales-Type and Direct Finance Leases  The following table represents the components of the Company’s net investment in sales-type and direct finance leases (in thousands):     March 31, December 31,  2019 2018  Gross sales-type and finance lease receivables (1) $ 785,149 $ 804,511  Unearned income (2) (245,213) (254,744)  Net investment in sales-type and direct finance leases $ 539,936 $ 549,767  (1) At the inception of the lease, the Company records the total minimum lease payments, executory costs, if any, and unguaranteed residual value as gross sales-type and finance lease receivables. The gross sales-type and finance lease receivables are reduced as customer payments are received. There was $74.4 million unguaranteed residual value at March 31, 2019 and December 31, 2018, included in gross sales-type and finance lease receivables. There were no executory costs included in gross sales-type and finance lease receivables as of March 31, 2019 and December 31, 2018. (2) The difference between the gross sales-type and finance lease receivables and the cost of the equipment or carrying amount at the lease inception is recorded as unearned income. Unearned income, together with initial direct costs, are amortized to income over the lease term so as to produce a constant periodic rate of return. There were no unamortized initial direct costs as of March 31, 2019 and December 31, 2018. In order to estimate the allowance for losses contained in gross sales-type and finance lease receivables, the Company reviews the credit worthiness of its customers on an ongoing basis. The review includes monitoring credit quality indicators, the aging of customer receivables and general economic conditions. The categories of gross finance lease receivables based on the Company's internal customer credit ratings can be described as follows: Tier 1 — These customers are typically large international shipping lines that have been in business for many years and have world-class operating capabilities and significant financial resources. In most cases, the Company has had a long commercial relationship with these customers and currently maintains regular communication with them at several levels of management, which provides the Company with insight into the customer's current operating and financial performance. In the Company's view, these customers have the greatest ability to withstand cyclical down turns and would likely have greater access to needed capital than lower-rated customers. The Company views the risk of default for Tier 1 customers to range from minimal to moderate. Tier 2 — These customers are typically either smaller shipping lines or freight forwarders with less operating scale or with a high degree of financial leverage, and accordingly the Company views these customers as subject to higher volatility in financial performance over the business cycle. The Company generally expects these customers to have less access to capital markets or other sources of financing during cyclical down turns. The Company views the risk of default for Tier 2 customers as moderate. Tier 3 — Customers in this category exhibit volatility in payments on a regular basis. Based on the above categories, the Company's gross sales-type and finance lease receivables were as follows (in thousands):     March 31, December 31,  2019 2018  Tier 1 $ 677,220 $ 698,014  Tier 2 107,929 106,497  Tier 3 - -  $ 785,149 $ 804,511  Contractual maturities of the Company's gross sales-type and finance lease receivables subsequent to March 31, 2019 for the years ending March 31 are as follows (in thousands):      2020 $ 115,179  2021 91,343  2022 83,364  2023 77,814  2024 69,955  2025 and thereafter 347,494  $ 785,149

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2019
Intangible Assets [Abstract]
Intangible Assets	(6) Intangible Assets  The Company amortizes intangible assets on a straight line-basis over their estimated useful lives as follows:    Trademarks and tradenames 2 - 3 years Customer relationships 5 - 8 years  The Company’s intangible assets as of March 31, 2019 and December 31, 2018 were as follows (in thousands):       Gross Carrying Amount Accumulated Amortization Net Carrying Amount  March 31, 2019  Trademarks and tradenames $ 1,786 $ (1,786) $ -  Customer relationships 9,344 (4,013) 5,331  $ 11,130 $ (5,799) $ 5,331  December 31, 2018  Trademarks and tradenames $ 1,786 $ (1,786) $ -  Customer relationships 9,344 (3,611) 5,733  $ 11,130 $ (5,397) $ 5,733  Amortization expense was $ 0.4 million and $0. 5 million for the three months ended March 31, 2019 and 2018 , respectively, and was included in administrative expenses in the consolidated statements of income. As of March 31, 2019 , estimated future amortization expenses are as follows (in thousands):      2020 $ 1,609  2021 1,609  2022 1,232  2023 474  2024 407  $ 5,331  

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	(7) Leases  Lessee The Company has entered into various non-cancelable office space leases with original lease periods expiring between 2019 and 2024. The components of lease expense for the three months ended March 31, 2019 were as follows (in thousands):     Operating lease cost $ 600  Short-term lease cost 15  Variable lease cost 73  Total lease cost $ 688 The weighted-average remaining term of the Company’s operating leases was 3.2 years and the weighted-average discount rate used to measure the present value of the Company’s operating lease liabilities was 4.2% as of March 31, 2019.  Maturities of the Company’s operating lease liabilities, which do not include short-term leases, as of March 31, 2019 were as follows (in thousands):     2020 $ 1,722  2021 727  2022 590  2023 452  2024 304  2025 and thereafter 26  Total lease payments 3,821  Less imputed interest (248)  Total operating lease liabilities $ 3,573  Current operating lease liabilities of $1.6 million were recorded in accrued expenses and other current liabilities on the Company’s consolidated balance sheet as of March 31, 2019. Cash payments included in the measurement of the Company’s operating lease liabilities were $0.6 million for the three months ended March 31, 2019. As of March 31, 2019, the Company has $5.6 million of undiscounted future payments under an additional operating lease that has not yet commenced, which is excluded from the table above. This operating lease will commence on October 1, 2019 with a lease term of 3.0 years. Lessor The Company leases its rental equipment on either short-term operating leases through master lease agreements, long-term non-cancelable operating leases, or finance leases. The components of lease revenue for the three months ended March 31, 2019 were as follows (in thousands):     Lease revenue - sales-type and direct financing leases  Profit at lease commencement $ -  Interest income on lease receivable 11,390  11,390  Lease revenue - operating leases 69,197  Variable lease revenue 2,805  Total lease revenue $ 83,392  The following represents future minimum rents receivable under long-term non-cancelable operating leases (in thousands):     As of  March 31,  2019  2020 $ 138,561  2021 158,232  2022 135,738  2023 111,605  2024 72,494  2025 and thereafter 113,896  Total $ 730,526     As of  December 31,  2018  2019 $ 184,978  2020 152,927  2021 129,361  2022 107,776  2023 71,762  2024 and thereafter 108,714  Total $ 755,518  See Note 5 for contractual maturities of the Company’s gross sales-type and finance lease receivables.

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt [Abstract]
Debt	(8) Debt  Details of the Company’s debt as of March 31, 2019 and December 31, 2018 were as follows (dollars in thousands):     March 31, 2019 December 31, 2018  Outstanding Average Outstanding Average  Current Long-term Interest Current Long-term Interest Maturity   Revolving credit $ 7,000 $ 288,000 4.2% $ 4,200 $ 301,000 4.2% June 2023  Revolving credit facility - Rail - 193,500 4.2% - 272,500 4.2% October 2023  Revolving credit facility - Euro - 19,074 2.0% - 19,457 2.0% September 2020  Term loan 1,800 26,850 4.7% 1,800 27,300 4.5% April 2023  Term loan 109,500 - 4.1% 111,750 - 3.8% October 2019  Term loan 7,000 73,750 4.3% 7,000 75,500 4.0% June 2021  Term loan 1,251 14,967 3.4% 1,240 15,284 3.4% December 2020  Term loan 2,935 39,907 3.6% 2,909 40,651 3.6% August 2021  Term loan 6,000 91,000 4.6% 6,000 92,500 4.6% October 2023  Senior secured notes 6,110 49,720 4.9% 6,110 52,775 4.9% September 2022  Asset-backed notes 2012-1 17,100 44,175 3.5% 17,100 48,450 3.5% October 2027  Asset-backed notes 2013-1 22,900 68,700 3.4% 22,900 74,425 3.4% March 2028  Asset-backed notes 2017-1 25,307 183,476 3.7% 25,307 189,802 3.7% June 2042  Asset-backed notes 2018-1 34,890 276,213 4.0% 34,890 284,935 4.0% February 2043  Asset-backed notes 2018-2 34,350 291,975 4.4% 34,350 300,563 4.4% September 2043  Collateralized financing obligations 41,740 82,430 1.5% 39,610 67,615 1.2% December 2021  Term loans held by VIE 6,076 35,195 4.1% 1,456 - 3.3% June 2019  323,959 1,778,932 316,622 1,862,757  Debt issuance costs (5,295) (14,237) (5,241) (15,124)  Total Debt $ 318,664 $ 1,764,695 $ 311,381 $ 1,847,633  The Company maintains its revolving credit facilities to finance the acquisition of rental equipment and for general working capital purposes. As of March 31 , 2019, the Company had $1,170.3 million in total availability under its revolving credit facilities (net of $0.1 million in letters of credit), subject to the Company’s ability to meet the collateral requirements under the agreements governing the facilities. Based on the borrowing base and collateral requirements at March 31, 2019 , the borrowing availability under the Company’s revolving credit facilities was $140.4 million, assuming no additional contributions of assets. On March 29, 2019, one of the Japanese investor funds that is consolidated by the Company as a VIE (see Note 3) entered into a term loan agreement with a bank. Under the terms of the term loan agreement, the Japanese investor fund entered into a seven -year, amortizing term loan of $40.8 million at a fixed interest rate of 4.2% . The term loan is secured by assets of the Japanese investor fund, and is subject to certain borrowing conditions set out in the term loan agreement. The agreements relating to all of the Company’s debt contain various financial and other covenants. As of March 31, 2019 , the Company was in compliance with all of its financial and other covenants. For further information on the Company’s debt instruments, see Note 8 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 5, 2019.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	3 Months Ended
	Mar. 31, 2019
Stock-Based Compensation Plan [Abstract]
Stock-Based Compensation Plan	(9) Stock–Based Compensation Plan  Stock Options  The Company may grant stock options from time to time to certain employees and independent directors pursuant to its 2007 Equity Incentive Plan, as amended (Plan). Under the Plan, a maximum of 3,421,980 share awards may be granted.  Stock options granted to employees have a vesting period of four years from the grant date, with 25% vesting after one year, and 1/48th vesting each month thereafter until fully vested. Stock options granted to independent directors vest in one year. All of the stock options have a contractual term of ten years.  The following table summarizes the Company’s stock option activities for the three months ended March 31, 2019 and 2018 :     Three Months Ended March 31,  2019 2018  Weighted Weighted  Average Average  Number of Exercise Number of Exercise  Shares Price Shares Price  Options outstanding at January 1 850,167 $ 16.46 859,560 $ 16.44  Options exercised (46,917) $ 14.04 (1,893) $ 12.64  Options outstanding at March 31 803,250 $ 16.60 857,667 $ 16.45  Options exercisable 642,762 $ 17.47 521,021 $ 17.56  Weighted average remaining term 5.5 years 6.1 years  The aggregate intrinsic value of stock options exercised during the three months ended March 31, 2019 and 2018 was $0.5 million and less than $0.1 million, respectively. The aggregate intrinsic value of all options outstanding as of March 31, 2019 was $5.5 million based on the closing price of the Company’s common stock of $23.20 per share on March 29, 2019 , the last trading day of the quarter. The Company recognized stock-based compensation expense relating to stock options of $0.2 million and $0.4 million for the three months ended March 31, 2019 and 2018 , respectively. As of March 31, 2019 , the remaining unamortized stock-based compensation cost relating to stock options granted to the Company’s employees and independent directors was approximately $1.0 million , which is to be recognized over the remaining weighted average vesting period of approximately 1. 5 years . The Company did not grant any stock options during the three months ended March 31, 2019 and 2018. Restricted Stock and Performance Stock The Company grants restricted stock units and restricted stock awards from time to time to certain employees and independent directors pursuant to the Plan. Restricted stock granted to employees has a vesting period of four years; 25% vesting on each anniversary of the grant date. Restricted stock granted to independent directors vests in one year. The Company recognizes the compensation cost associated with restricted stock over the vesting period based on the closing price of the Company’s common stock on the date of grant. The Company grants performance stock to selected executives and other key employees. The performance stock vests at the end of a 3-year performance cycle if certain financial performance targets are met. The Company recognizes compensation cost associated with the performance stock ratably over the 3-year term when it is considered probable that performance targets will be met. Compensation cost is based on the closing price of the Company’s common stock on the date of grant. The following table summarizes the activity of restricted stock and performance stock under the Plan:     Weighted  Average  Number of Grant Date  Shares Fair Value  Outstanding at December 31, 2018 204,730 $ 20.45  Granted 131,494 $ 25.67  Vested (26,594) $ 20.30  Outstanding at March 31, 2019 309,630 $ 22.68  The Company recognized stock-based compensation expense relating to restricted stock and performance stock awards of $0.6 million and $0.2 million for the three months ended Mach 31, 2019 and 2018, respectively. As of March 31, 2019 , unamortized stock-based compensation expense relating to restricted stock and performance stock was $5.5 million , which will be recognized over the remaining average vesting period of 2.4 y ears. Stock-based compensation expense is recorded as a component of administrative expenses in the Company’s consolidated statements of income with a corresponding credit to additional paid-in capital in the Company’s consolidated balance sheets. 

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Taxes [Abstract]
Income Taxes	(10) Income Taxes  The consolidated income tax expense for the three months ended March 31, 2019 and 2018 , was determined based upon estimates of the Company’s consolidated annual effective income tax rate for the years ending December 31, 2019 and 2018, respectively. The difference between the consolidated annual effective income tax rate and the U.S. federal statutory rate is primarily attributable to foreign income taxes, state income taxes and the effect of certain permanent differences. The Company’s estimated effective tax rate was 8.2% at March 31, 2019 , compared to 4.0% at March 31, 2018 . The Company accounts for uncertain tax positions based on an evaluation as to whether it is more likely than not that a position will be sustained on audit, including resolution of any related appeals or litigation processes. This evaluation is based on all available evidence and assumes that the appropriate tax authorities have full knowledge of all relevant information concerning the tax position. Once it has been determined that a tax position is more likely than not to be sustained on its technical merits, the tax benefit recognized is based on the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of March 31, 2019 , the Company had unrecognized tax benefits of $0.3 million, which if recognized, would reduce the Company’s effective tax rate. Total accrued interest relating to unrecognized tax benefits was less than $0.1 million as of March 31, 2019 . The Company does not believe the total amount of unrecognized tax benefits as of March 31, 2019 will change for the remainder of 2019.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	3 Months Ended
	Mar. 31, 2019
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments	(11) Fair Value of Financial Instruments  The carrying amounts of cash, restricted cash, accounts receivable and accounts payable reflected in the balance sheets as of March 31, 2019 and December 31, 2018, approximate their fair value due to the short-term nature of these financial assets and liabilities. The carrying value of variable rate debt in the balance sheets as of March 31, 2019 and December 31, 2018 approximates fair value as the changes in their associated interest rates reflect the current market and credit risk is similar to when the loans were originally obtained. The principal balance of the Company’s asset-backed notes and collateralized financing obligations was $999.1 million and $124.2 million as of March 31, 2019, with a fair value of approximately $991.7 million and $125.8 million, respectively, based on the fair value of estimated future payments calculated using prevailing interest rates. The fair value of these financial instruments would be categorized as Level 2 in the fair value hierarchy. The principal balance of the Company’s asset-backed notes and collateralized financing obligations was $1,032.7 million and $107.2 million as of December 31, 2018, with a fair value of approximately $1,024.7 million and $108.9 million, respectively. Management believes that the balances of the Company’s fixed-rate term loans of $156.1 million and $158.6 million, senior secured notes of $55.8 million and $58.9 million, and term loans held by VIE of $41.3 million and $1.5 million as of March 31, 2019 and December 31, 2018, respectively, approximate their fair values. The fair value of these financial instruments would be categorized as Level 2 in the fair value hierarchy.

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments And Contingencies [Abstract]
Commitments And Contingencies	(12) Commitments and Contingencies  In addition to its debt obligations described in Note 8 above, the Company had commitments to purchase approximately $53.9 million of containers and $27.3 million of railcars as of March 31, 2019, all in the twelve months ending March 31, 2020 . 

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	Mar. 31, 2019
Stockholders’ Equity [Abstract]
Stockholders’ Equity	(13) Stockholders’ Equity Stock Repurchase Plan In October 2018, the Company announced that the Board of Directors approved the repurchase of up to three million shares of its outstanding common stock. The number, price, structure and timing of the repurchases, if any, will be at the Company’s sole discretion and will be evaluated by the Company depending on prevailing market conditions, corporate needs, and other factors. The stock repurchases may be made in the open market, block trades or privately negotiated transactions. This stock repurchase program replaces any available prior share repurchase authorization and may be discontinued at any time. In the first quarter of 2019, the Company repurchased 0.6 million shares of its common stock under this repurchase plan, at a cost of approximately $13.9 million. As of March 31, 2019, approximately 1.9 million shares remained available for repurchase under this share repurchase program. Common Stock At-the-Market (ATM) Offering Program In October 2017, the Company commenced an ATM offering program with respect to its common stock, which allows the Company to issue and sell up to 2.0 million shares of its common stock. The Company did not issue any shares under this ATM offering program during the three months ended March 31, 2019. The Company has remaining capacity to issue and sell up to approximately 1.0 million of additional shares of common stock under this ATM offering program. Series A Preferred Stock Underwritten Offering In March 2018, the Company completed an underwritten public offering of 1,600,000 shares of its 8.5% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share and liquidation preference $25.00 per share (Series A Preferred Stock), resulting in net proceeds to the Company of approximately $38.3 million, after deducting the underwriting discount and other offering expenses. In April 2018, the Company sold an additional 170,900 shares of Series A Preferred Stock upon the partial exercise by the underwriters of their option to purchase additional Series A Preferred Stock, resulting in net proceeds to the Company of approximately $4.1 million, after deducting the underwriting discount of $0.1 million. The net proceeds were used for repayment of debt and general corporate purposes. Series A Preferred Stock ATM Offering Program In May 2018, the Company commenced an ATM offering program with respect to its Series A Preferred Stock, which allows the Company to issue and sell up to 2.2 million shares of its Series A Preferred Stock. The Company did not issue any shares under this ATM offering program during the three months ended March 31, 2019. The Company has remaining capacity to issue and sell up to approximately 1.8 million of additional shares of Series A Preferred Stock under this ATM offering program. Series B Preferred Stock Underwritten Offering In August 2018, the Company completed an underwritten public offering of 1,700,000 shares of its 8.5% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share and liquidation preference $25.00 per share (Series B Preferred Stock), resulting in net proceeds to the Company of approximately $41.2 million, after deducting the underwriting discount. The Company sold an additional 255,000 shares of Series B Preferred Stock upon the exercise by the underwriters of their option to purchase additional Series B Preferred Stock, resulting in net proceeds to the Company of approximately $6.2 million, after deducting the underwriting discount of $0.2 million. The net proceeds were used for repayment of debt and general corporate purposes. For further information on the Company’s shareholders’ equity, see Note 14 to the consolidated financial statements in the Company’ Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 5, 2019.

Segment And Geographic Informat

Segment And Geographic Information	3 Months Ended
	Mar. 31, 2019
Segment And Geographic Information [Abstract]
Segment And Geographic Information	(14) Segment and Geographic Information  The Company organizes itself by the nature of the services it provides which includes equipment leasing (consisting of container leasing and rail leasing) and logistics. The container leasing segment is aggregated with equipment management and derives its revenue from the ownership and leasing of containers and fees earned for managing container portfolios on behalf of third-party investors. The rail leasing segment derives its revenue from the ownership and leasing of railcars. The logistics segment derives its revenue from the provision of logistics services. There are no material inter-segment revenues. With the exception of administrative expenses, operating expenses are directly attributable to each segment. Administrative expenses that are not directly attributable to a segment are allocated to the segments based upon relative asset values or revenue. The following tables show condensed segment information for the three months ended March 31, 2019 and 2018 , reconciled to the Company’s income before income taxes as shown in its consolidated statements of income for such periods (in thousands):    Three Months Ended March 31, 2019  Container Leasing Rail Leasing Logistics Total  Total revenue $ 75,511 $ 7,881 $ 27,716 $ 111,108  Total operating expenses 38,409 (1,212) 29,790 66,987  Operating income (loss) 37,102 9,093 (2,074) 44,121  Net interest and other expenses (income) 19,947 3,945 (4) 23,888  Income (loss) before income taxes $ 17,155 $ 5,148 $ (2,070) $ 20,233  Goodwill $ - $ - $ 15,794 $ 15,794  Total assets $ 2,534,976 $ 337,406 $ 45,533 $ 2,917,915  Purchase of rental equipment (1) $ 108,090 $ 33,122 $ - $ 141,212     Three Months Ended March 31, 2018  Container Leasing Rail Leasing Logistics Total  Total revenue $ 64,634 $ 9,104 $ 21,636 $ 95,374  Total operating expenses 31,349 6,906 22,403 60,658  Operating income (loss) 33,285 2,198 (767) 34,716  Net interest and other expenses 13,322 3,545 (3) 16,864  Income (loss) before income taxes $ 19,963 $ (1,347) $ (764) $ 17,852  Goodwill $ - $ - $ 15,794 $ 15,794  Total assets $ 2,056,550 $ 458,412 $ 40,169 $ 2,555,131  Purchase of rental equipment (1) $ 77,116 $ 35,647 $ - $ 112,763  (1) Represents cash disbursements for purchasing of rental equipment as reflected in the consolidated statements of cash flows for the periods indicated.  Geographic Data The Company earns its revenue primarily from intermodal containers, which are deployed by its customers in a wide variety of global trade routes. Virtually all of the Company’s containers are used internationally and typically no container is domiciled in one particular place for a prolonged period of time. As such, substantially all of the Company’s long-lived assets are considered to be international, with no single country of use. The Company’s railcars, with a net book value of $325.9 million as of March 31, 2019 , are used primarily to transport cargo within North America.  The following table represents the geographic allocation of revenue for the periods indicated based on customers’ primary domicile (in thousands):      Three Months Ended March 31,  2019 2018  United States $ 37,366 $ 32,572  Switzerland 14,048 11,104  Singapore 10,034 5,316  Korea 9,870 6,407  France 8,933 8,917  Other Asia 15,308 16,034  Other Europe 15,199 12,483  Other International 350 2,541  Total revenue $ 111,108 $ 95,374

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	(15) Earnings Per Share  Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. However, potential common equivalent shares are excluded if their effect is anti-dilutive. The following table sets forth the reconciliation of basic and diluted net income per share for the three months ended March 31, 2019 and 2018 (in thousands, except per share data):      Three Months Ended March 31,  2019 2018  Numerator  Net income attributable to CAI common stockholders $ 16,367 $ 17,117  Denominator  Weighted-average shares used in per share computation - basic 18,555 20,414  Effect of dilutive securities:  Stock options and restricted stock 315 258  Weighted-average shares used in per share computation - diluted 18,870 20,672   Net income per share attributable to CAI common stockholders:  Basic $ 0.88 $ 0.84  Diluted $ 0.87 $ 0.83  The calculation of diluted earnings per share for the three months ended March 31, 2019 and 2018 , excluded from the denominator 128,969 and 160,528 shares, respectively, of common stock options because their effect would have been anti-dilutive.

Accounting Policies And Recen_2

Accounting Policies And Recent Accounting Pronouncements (Policy)	3 Months Ended
	Mar. 31, 2019
Accounting Policies And Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the F inancial A ccounting S tandards B oard (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) (ASU 2016-02), and subsequently issued amendments thereto, that replaced existing lease accounting guidance. The new standard requires lessors to classify leases as a sales-type, direct financing, or operating lease. A lease is a sales-type lease if any of five criteria are met, each of which indicate that the lease, in effect, transfers control of the underlying asset to the lessee. If none of those five criteria are met, but two additional criteria are both met, indicating that the lessor has transferred substantially all of the risks and benefits of the underlying asset to the lessee and a third-party, the lease is a direct financing lease. All leases that are not sales-type or direct financing leases are operating leases. The new standard also established a right-of-use model (ROU) that requires lessees to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than twelve months. The Company adopted ASU 2016-02, as amended, effective January 1, 2019, using the modified retrospective approach and the effective date as the date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. In addition, the Company elected the following practical expedients permitted under the transition guidance within the new standard: (1) the “package of practical expedients,” which does not require the Company to reassess under the new standard its prior conclusions about lease identification, lease classification, and initial direct costs, (2) the short-term lease recognition exemption for its office space leases of twelve months or less, which resulted in the Company not recognizing an ROU asset or lease liability for these leases, and (3) the practical expedient to not separate lease and non-lease components for leases that qualify for the practical expedient. Adoption of the new standard resulted in the recognition of operating lease ROU assets of $3.7 million and operating lease liabilities of $4.1 million as of January 1, 2019. Adoption did not have an impact on the Company’s consolidated statements of income or cash flows. Except as described above, there were no changes to the Company’s accounting policies during the three months ended March 31, 2019. See Note 2 to the audited consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 5, 2019, for a description of the Company’s significant accounting policies.
Container and Rail Lease Revenue	Container and Rail Lease Revenue The Company recognizes revenue from operating leases of its equipment as earned over the term of the lease. Where minimum lease payments vary over the lease term, revenue is recognized on a straight-line basis over the term of the lease. The Company recognizes revenue on a cash basis for certain railcar leases that are billed on an hourly or mileage basis through a third-party railcar manager. Early termination of the rental contracts subjects the lessee to a penalty, which is included in lease revenue upon such termination. Sales-type and f inance lease income is recognized using the effective interest method, which generates a constant rate of interest over the period of the lease. Certain leases include one or more options to renew or purchase the leased rental equipment. The exercise of lease renewal or equipment purchase options is at the sole discretion of the customer. Included in lease revenue is revenue consisting primarily of fees charged to the lessee for handling, delivery, and repairs . These activities are considered non-lease components of the contract, which are generally accounted for separately from the lease component, and revenue is recognized as earned in accordance with Accounting Standards Codification (ASC) Topic 606, Revenue Recognition . For certain leases of railcar equipment, the Company is responsible for the repair and maintenance of the railcars throughout the lease term. For such leases, the lease and non-lease component are combined as a single lease component, and revenue is recognized as earned in accordance with ASC Topic 842, Leases . Also included in lease revenue is revenue from management fees earned under equipment management agreements. Management fees are generally calculated as a percentage of the monthly net operating income for an investor’s portfolio and recognized as revenue in the month of service.
Leases	Leases The Company leases office space under operating leases with expiration dates through 2024. The Company determines whether an arrangement constitutes a lease and records lease liabilities and ROU assets on its consolidated balance sheets at lease commencement. Operating leases under ASC 842 are included in operating lease right-of-use assets, accrued expenses and other current liabilities, and operating lease liabilities in the Company’s consolidated balance sheets. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU assets also include any lease pre-payments made and exclude lease incentives. Certain of the Company’s leases include one or more options to renew, which are included in the lease term only when it is reasonably certain that the Company will exercise that option. The Company’s office space leases often include lease and non-lease components, which are combined and accounted for as a single lease component. For short-term leases, the Company records rent expense in its consolidated statements of income on a straight-line basis over the lease term and records variable lease payments as incurred.

Rental Equipment (Tables)

Rental Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Rental Equipment [Abstract]
Schedule Of Rental Equipment	  March 31, December 31,  2019 2018  Dry containers $ 1,885,018 $ 1,840,304  Refrigerated containers 340,495 341,983  Other specialized equipment 206,282 192,035  Railcars 358,419 490,381  2,790,214 2,864,703  Accumulated depreciation (613,838) (599,443)  Rental equipment, net of accumulated depreciation $ 2,176,376 $ 2,265,260 

Net Investment In Sales-Type _2

Net Investment In Sales-Type And Direct Finance Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Net Investment In Sales-Type And Direct Finance Leases [Abstract]
Components Of Net Investment In Direct Finance Leases	   March 31, December 31,  2019 2018  Gross sales-type and finance lease receivables (1) $ 785,149 $ 804,511  Unearned income (2) (245,213) (254,744)  Net investment in sales-type and direct finance leases $ 539,936 $ 549,767  (1) At the inception of the lease, the Company records the total minimum lease payments, executory costs, if any, and unguaranteed residual value as gross sales-type and finance lease receivables. The gross sales-type and finance lease receivables are reduced as customer payments are received. There was $74.4 million unguaranteed residual value at March 31, 2019 and December 31, 2018, included in gross sales-type and finance lease receivables. There were no executory costs included in gross sales-type and finance lease receivables as of March 31, 2019 and December 31, 2018. (2) The difference between the gross sales-type and finance lease receivables and the cost of the equipment or carrying amount at the lease inception is recorded as unearned income. Unearned income, together with initial direct costs, are amortized to income over the lease term so as to produce a constant periodic rate of return. There were no unamortized initial direct costs as of March 31, 2019 and December 31, 2018.
Gross Finance Lease Receivables By Customer Categories	   March 31, December 31,  2019 2018  Tier 1 $ 677,220 $ 698,014  Tier 2 107,929 106,497  Tier 3 - -  $ 785,149 $ 804,511 
Contractual Maturities Of Gross Finance Lease Receivables	  2020 $ 115,179  2021 91,343  2022 83,364  2023 77,814  2024 69,955  2025 and thereafter 347,494  $ 785,149 

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Intangible Assets [Abstract]
Schedule Of Estimated Useful Lives	  Trademarks and tradenames 2 - 3 years Customer relationships 5 - 8 years 
Schedule Of Intangible Assets	   Gross Carrying Amount Accumulated Amortization Net Carrying Amount  March 31, 2019  Trademarks and tradenames $ 1,786 $ (1,786) $ -  Customer relationships 9,344 (4,013) 5,331  $ 11,130 $ (5,799) $ 5,331  December 31, 2018  Trademarks and tradenames $ 1,786 $ (1,786) $ -  Customer relationships 9,344 (3,611) 5,733  $ 11,130 $ (5,397) $ 5,733 
Schedule Of Estimated Future Amortization Expenses	  2020 $ 1,609  2021 1,609  2022 1,232  2023 474  2024 407  $ 5,331 

Leases (Table)

Leases (Table)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Components Of Lease Expense	   Operating lease cost $ 600  Short-term lease cost 15  Variable lease cost 73  Total lease cost $ 688 
Maturities Of Operating Lease Liabilities	   2020 $ 1,722  2021 727  2022 590  2023 452  2024 304  2025 and thereafter 26  Total lease payments 3,821  Less imputed interest (248)  Total operating lease liabilities $ 3,573 
Components Of Lease Revenue	  Lease revenue - sales-type and direct financing leases  Profit at lease commencement $ -  Interest income on lease receivable 11,390  11,390  Lease revenue - operating leases 69,197  Variable lease revenue 2,805  Total lease revenue $ 83,392 
Future Minimum Rents Receivable Under Long-Term Non-Cancelable Operating Leases	     As of  March 31,  2019  2020 $ 138,561  2021 158,232  2022 135,738  2023 111,605  2024 72,494  2025 and thereafter 113,896  Total $ 730,526     As of  December 31,  2018  2019 $ 184,978  2020 152,927  2021 129,361  2022 107,776  2023 71,762  2024 and thereafter 108,714  Total $ 755,518 

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt [Abstract]
Schedule Of Debt	   March 31, 2019 December 31, 2018  Outstanding Average Outstanding Average  Current Long-term Interest Current Long-term Interest Maturity   Revolving credit $ 7,000 $ 288,000 4.2% $ 4,200 $ 301,000 4.2% June 2023  Revolving credit facility - Rail - 193,500 4.2% - 272,500 4.2% October 2023  Revolving credit facility - Euro - 19,074 2.0% - 19,457 2.0% September 2020  Term loan 1,800 26,850 4.7% 1,800 27,300 4.5% April 2023  Term loan 109,500 - 4.1% 111,750 - 3.8% October 2019  Term loan 7,000 73,750 4.3% 7,000 75,500 4.0% June 2021  Term loan 1,251 14,967 3.4% 1,240 15,284 3.4% December 2020  Term loan 2,935 39,907 3.6% 2,909 40,651 3.6% August 2021  Term loan 6,000 91,000 4.6% 6,000 92,500 4.6% October 2023  Senior secured notes 6,110 49,720 4.9% 6,110 52,775 4.9% September 2022  Asset-backed notes 2012-1 17,100 44,175 3.5% 17,100 48,450 3.5% October 2027  Asset-backed notes 2013-1 22,900 68,700 3.4% 22,900 74,425 3.4% March 2028  Asset-backed notes 2017-1 25,307 183,476 3.7% 25,307 189,802 3.7% June 2042  Asset-backed notes 2018-1 34,890 276,213 4.0% 34,890 284,935 4.0% February 2043  Asset-backed notes 2018-2 34,350 291,975 4.4% 34,350 300,563 4.4% September 2043  Collateralized financing obligations 41,740 82,430 1.5% 39,610 67,615 1.2% December 2021  Term loans held by VIE 6,076 35,195 4.1% 1,456 - 3.3% June 2019  323,959 1,778,932 316,622 1,862,757  Debt issuance costs (5,295) (14,237) (5,241) (15,124)  Total Debt $ 318,664 $ 1,764,695 $ 311,381 $ 1,847,633 

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	3 Months Ended
	Mar. 31, 2019
Stock-Based Compensation Plan [Abstract]
Summary Of Stock Option Activities	   Three Months Ended March 31,  2019 2018  Weighted Weighted  Average Average  Number of Exercise Number of Exercise  Shares Price Shares Price  Options outstanding at January 1 850,167 $ 16.46 859,560 $ 16.44  Options exercised (46,917) $ 14.04 (1,893) $ 12.64  Options outstanding at March 31 803,250 $ 16.60 857,667 $ 16.45  Options exercisable 642,762 $ 17.47 521,021 $ 17.56  Weighted average remaining term 5.5 years 6.1 years 
Summary Of Restricted Stock and Performance Stock Activity	   Weighted  Average  Number of Grant Date  Shares Fair Value  Outstanding at December 31, 2018 204,730 $ 20.45  Granted 131,494 $ 25.67  Vested (26,594) $ 20.30  Outstanding at March 31, 2019 309,630 $ 22.68 

Segment And Geographic Inform_2

Segment And Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment And Geographic Information [Abstract]
Schedule Of Segment Information	  Three Months Ended March 31, 2018  Container Leasing Rail Leasing Logistics Total  Total revenue $ 64,634 $ 9,104 $ 21,636 $ 95,374  Total operating expenses 31,349 6,906 22,403 60,658  Operating income (loss) 33,285 2,198 (767) 34,716  Net interest and other expenses 13,322 3,545 (3) 16,864  Income (loss) before income taxes $ 19,963 $ (1,347) $ (764) $ 17,852  Goodwill $ - $ - $ 15,794 $ 15,794  Total assets $ 2,056,550 $ 458,412 $ 40,169 $ 2,555,131  Purchase of rental equipment (1) $ 77,116 $ 35,647 $ - $ 112,763  (1) Represents cash disbursements for purchasing of rental equipment as reflected in the consolidated statements of cash flows for the periods indicated.
Schedule Of Geographic Allocation Of Revenue	    Three Months Ended March 31,  2019 2018  United States $ 37,366 $ 32,572  Switzerland 14,048 11,104  Singapore 10,034 5,316  Korea 9,870 6,407  France 8,933 8,917  Other Asia 15,308 16,034  Other Europe 15,199 12,483  Other International 350 2,541  Total revenue $ 111,108 $ 95,374 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Reconciliation Of Basic And Diluted Net Income Per Share	    Three Months Ended March 31,  2019 2018  Numerator  Net income attributable to CAI common stockholders $ 16,367 $ 17,117  Denominator  Weighted-average shares used in per share computation - basic 18,555 20,414  Effect of dilutive securities:  Stock options and restricted stock 315 258  Weighted-average shares used in per share computation - diluted 18,870 20,672   Net income per share attributable to CAI common stockholders:  Basic $ 0.88 $ 0.84  Diluted $ 0.87 $ 0.83 

The Company And Nature Of Ope_2

The Company And Nature Of Operations (Narrative) (Details)	1 Months Ended		3 Months Ended	12 Months Ended
	Aug. 31, 2018	Mar. 31, 2018	Mar. 31, 2019	Dec. 31, 2018
Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Business Acquisition [Line Items]
Preferred stock, dividend rate		8.50%	8.50%	8.50%
Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Business Acquisition [Line Items]
Preferred stock, dividend rate	8.50%		8.50%	8.50%

Accounting Policies And Recen_3

Accounting Policies And Recent Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Significant Accounting Policies [Line Items]
Operating Lease, Right-of-Use Asset	$ 3,181
Operating Lease, Liability	$ 3,573
Accounting Standards Update 2016-02 [Member] | Reclassification [Member]
Significant Accounting Policies [Line Items]
Operating Lease, Right-of-Use Asset		$ 3,700
Operating Lease, Liability		$ 4,100

Consolidation Of Variable Int_2

Consolidation Of Variable Interest Entities (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019USD ($)item	Mar. 31, 2018USD ($)item	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Variable Interest Entity [Line Items]
Net book value	$ 2,176,376,000		$ 2,265,260,000
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Net book value	126,305,000		71,958,000
Cash	27,058,000	$ 22,765,000	$ 25,211,000	$ 20,685,000
Collateralized Financing Obligations [Member]
Variable Interest Entity [Line Items]
Long-term debt	124,200,000
Term Loan [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Long-term debt	$ 41,300,000
Containers [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Number of types of container fund arrangements | item	2
Number of container portfolios sold | item	0	0
Net book value	$ 139,800,000
Cash	27,100,000
Gain (loss) recognized on initial consolidation of VIEs	0
Book value of containers sold	$ 65,000,000	$ 7,900,000

Rental Equipment (Narrative) (D

Rental Equipment (Narrative) (Details) $ in Millions	Feb. 26, 2019USD ($)item	Jun. 30, 2019item
Property, Plant and Equipment [Line Items]
Number of railcars, agreement to sell	2,146
Number of railcars sold	1,946
Railcars [Member]
Property, Plant and Equipment [Line Items]
Consideration from sale of equipment | $	$ 165.3
Gain on sale of rental equipment | $	$ 7
Subsequent Event [Member]
Property, Plant and Equipment [Line Items]
Number of railcars sold		200

Rental Equipment (Schedule Of R

Rental Equipment (Schedule Of Rental Equipment) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Rental equipment, gross	$ 2,790,214	$ 2,864,703
Accumulated depreciation	(613,838)	(599,443)
Rental equipment, net of accumulated depreciation	2,176,376	2,265,260
Dry Containers [Member]
Property, Plant and Equipment [Line Items]
Rental equipment, gross	1,885,018	1,840,304
Refrigerated Containers [Member]
Property, Plant and Equipment [Line Items]
Rental equipment, gross	340,495	341,983
Other Specialized Equipment [Member]
Property, Plant and Equipment [Line Items]
Rental equipment, gross	206,282	192,035
Railcars [Member]
Property, Plant and Equipment [Line Items]
Rental equipment, gross	358,419	$ 490,381
Rental equipment, net of accumulated depreciation	$ 325,900

Net Investment In Sales-Type _3

Net Investment In Sales-Type And Direct Finance Leases (Components Of Net Investment In Direct Finance Leases) (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Net Investment In Sales-Type And Direct Finance Leases [Abstract]
Gross sales-type and finance lease receivables	[1]	$ 785,149	$ 804,511
Unearned income	[2]	(245,213)	(254,744)
Net investment in sales-type and direct finance leases		539,936	549,767
Unguaranteed residual value		74,400	74,400
Executory costs		0	0
Unamortized initial direct costs		$ 0	$ 0
[1]	At the inception of the lease, the Company records the total minimum lease payments, executory costs, if any, and unguaranteed residual value as gross sales-type and finance lease receivables. The gross sales-type and finance lease receivables are reduced as customer payments are received. There was $74.4 million unguaranteed residual value at March 31, 2019 and December 31, 2018, included in gross sales-type and finance lease receivables. There were no executory costs included in gross sales-type and finance lease receivables as of March 31, 2019 and December 31, 2018.
[2]	The difference between the gross sales-type and finance lease receivables and the cost of the equipment or carrying amount at the lease inception is recorded as unearned income. Unearned income, together with initial direct costs, are amortized to income over the lease term so as to produce a constant periodic rate of return. There were no unamortized initial direct costs as of March 31, 2019 and December 31, 2018.

Net Investment In Sales-Type _4

Net Investment In Sales-Type And Direct Finance Leases (Gross Finance Lease Receivables By Customer Categories) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Gross sales-type and finance lease receivables	$ 785,149	$ 804,511
Tier 1 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross sales-type and finance lease receivables	677,220	698,014
Tier 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross sales-type and finance lease receivables	107,929	106,497
Tier 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross sales-type and finance lease receivables

Net Investment In Sales-Type _5

Net Investment In Sales-Type And Direct Finance Leases (Contractual Maturities Of Gross Finance Lease Receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Net Investment In Sales-Type And Direct Finance Leases [Abstract]
2020	$ 115,179
2021	91,343
2022	83,364
2023	77,814
2024	69,955
2025 and thereafter	347,494
Gross sales-type and finance lease receivables	$ 785,149	$ 804,511

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Intangible Assets [Abstract]
Amortization expense	$ 403	$ 544

Intagible Assets (Schedule Of E

Intagible Assets (Schedule Of Estimated Useful Lives) (Details)	3 Months Ended
	Mar. 31, 2019
Trademarks And Tradenames [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	2 years
Trademarks And Tradenames [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	3 years
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	5 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	8 years

Intangible Assets (Schedule Of

Intangible Assets (Schedule Of Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 11,130	$ 11,130
Accumulated Amortization	(5,799)	(5,397)
Net Carrying Amount	5,331	5,733
Trademarks And Tradenames [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,786	1,786
Accumulated Amortization	(1,786)	(1,786)
Net Carrying Amount
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,344	9,344
Accumulated Amortization	(4,013)	(3,611)
Net Carrying Amount	$ 5,331	$ 5,733

Intangible Assets (Schedule O_2

Intangible Assets (Schedule Of Estimated Future Amortization Expenses) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Intangible Assets [Abstract]
2020	$ 1,609
2021	1,609
2022	1,232
2023	474
2024	407
Net Carrying Amount	$ 5,331	$ 5,733

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	3 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	4.20%
Current operating lease liabilities	$ 1.6
Operating Lease, Payments	0.6
Undiscounted Future Operting Lease Payment	$ 5.6
Operating Lease Commencing October 1, 2019 [Member]
Lessee, Lease, Description [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract	3 years

Leases (Components Of Lease Exp

Leases (Components Of Lease Expense) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 600
Short-term lease cost	15
Variable lease cost	73
Total lease cost	$ 688

Leases (Maturities Of Operating

Leases (Maturities Of Operating Lease Liabilities) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
2020	$ 1,722
2021	727
2022	590
2023	452
2024	304
2025 and thereafter	26
Total lease payments	3,821
Less imputed interest	(248)
Total operating lease liabilities	$ 3,573

Leases (Components Of Lease Rev

Leases (Components Of Lease Revenue) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Profit at lease commencement
Interest income on lease receivable	11,390
Lease revenue - sales-type and direct financing leases	11,390
Lease revenue - operating leases	69,197
Variable lease revenue	2,805
Total lease revenue	$ 83,392

Leases (Future Minimum Rents Re

Leases (Future Minimum Rents Receivable Under Long-Term Non-Cancelable Operating Leases) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Next Twelve Months	$ 138,561	$ 184,978
Lessor, Operating Lease, Payments to be Received, Two Years	158,232	152,927
Lessor, Operating Lease, Payments to be Received, Three Years	135,738	129,361
Lessor, Operating Lease, Payments to be Received, Four Years	111,605	107,776
Lessor, Operating Lease, Payments to be Received, Five Years	72,494	71,762
Lessor, Operating Lease, Payments to be Received, Thereafter	113,896	108,714
Total	$ 730,526	$ 755,518

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 29, 2019
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available borrowing capacity	$ 140.4
Revolving Credit Facility [Member] | Consortium of Banks [Member]
Debt Instrument [Line Items]
Available borrowing capacity	1,170.3
Letters of credit outstanding	$ 0.1
Term Loan [Member] | Japanese Investor Funds Entered Term Loan [Member]
Debt Instrument [Line Items]
Principal amount of loan		$ 40.8
Term of loan	7 years
Debt instrument, fixed interest rate		4.20%

Debt (Schedule Of Debt) (Detail

Debt (Schedule Of Debt) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 323,959	$ 316,622
Gross Debt, Long-term Outstanding	1,778,932	1,862,757
Debt issuance costs, Current Outstanding	(5,295)	(5,241)
Debt issuance costs, Long-term Outstanding	(14,237)	(15,124)
Total Debt, Current Outstanding	318,664	311,381
Total Debt, Long-term Outstanding	1,764,695	1,847,633
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	7,000	4,200
Gross Debt, Long-term Outstanding	$ 288,000	$ 301,000
Average Interest	4.20%	4.20%
Maturity	Jun. 1, 2023
Revolving Credit Facility [Member] | CAI Rail [Member]
Debt Instrument [Line Items]
Gross Debt, Long-term Outstanding	$ 193,500	$ 272,500
Average Interest	4.20%	4.20%
Maturity	Oct. 1, 2023
Revolving Credit Facility [Member] | CAI International GmbH [Member]
Debt Instrument [Line Items]
Gross Debt, Long-term Outstanding	$ 19,074	$ 19,457
Average Interest	2.00%	2.00%
Maturity	Sep. 1, 2020
Term Loan [Member] | CAI Rail [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 1,251	$ 1,240
Gross Debt, Long-term Outstanding	$ 14,967	$ 15,284
Average Interest	3.40%	3.40%
Maturity	Dec. 1, 2020
Term Loan [Member] | Development Bank of Japan [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 1,800	$ 1,800
Gross Debt, Long-term Outstanding	$ 26,850	$ 27,300
Average Interest	4.70%	4.50%
Maturity	Apr. 1, 2023
Term Loan [Member] | Consortium of Banks, Note Dated October 1, 2014 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 109,500	$ 111,750
Average Interest	4.10%	3.80%
Maturity	Oct. 1, 2019
Term Loan [Member] | Consortium of Banks, Note Dated April 11, 2012 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 7,000	$ 7,000
Gross Debt, Long-term Outstanding	$ 73,750	$ 75,500
Average Interest	4.30%	4.00%
Maturity	Jun. 1, 2021
Term Loan [Member] | Consortium Of Banks Note Dated August 30 2016 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 2,935	$ 2,909
Gross Debt, Long-term Outstanding	$ 39,907	$ 40,651
Average Interest	3.60%	3.60%
Maturity	Aug. 1, 2021
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 6,110	$ 6,110
Gross Debt, Long-term Outstanding	$ 49,720	$ 52,775
Average Interest	4.90%	4.90%
Maturity	Sep. 1, 2022
Collateralized Financing Obligations [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 41,740	$ 39,610
Gross Debt, Long-term Outstanding	$ 82,430	$ 67,615
Average Interest	1.50%	1.20%
Maturity	Dec. 1, 2021
Variable Interest Entity, Primary Beneficiary [Member]
Debt Instrument [Line Items]
Total Debt, Current Outstanding	$ 47,816	$ 41,066
Total Debt, Long-term Outstanding	117,625	67,615
Variable Interest Entity, Primary Beneficiary [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	6,076	$ 1,456
Gross Debt, Long-term Outstanding	$ 35,195
Average Interest	4.10%	3.30%
Maturity	Jun. 1, 2019
Term Loan Maturity Date October 2023 [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 6,000	$ 6,000
Gross Debt, Long-term Outstanding	$ 91,000	$ 92,500
Average Interest	4.60%	4.60%
Maturity	Oct. 1, 2023
Series 2012-1 Asset-Backed Notes [Member] | Asset Backed Notes [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 17,100	$ 17,100
Gross Debt, Long-term Outstanding	$ 44,175	$ 48,450
Average Interest	3.50%	3.50%
Maturity	Oct. 1, 2027
Series 2013-1 Asset-Backed Notes [Member] | Asset Backed Notes [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 22,900	$ 22,900
Gross Debt, Long-term Outstanding	$ 68,700	$ 74,425
Average Interest	3.40%	3.40%
Maturity	Mar. 1, 2028
Series 2017-1 Asset-Backed Notes [Member] | Asset Backed Notes [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 25,307	$ 25,307
Gross Debt, Long-term Outstanding	$ 183,476	$ 189,802
Average Interest	3.70%	3.70%
Maturity	Jun. 1, 2042
Series 2018-1 Asset-Backed Notes [Member] | Asset Backed Notes [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 34,890	$ 34,890
Gross Debt, Long-term Outstanding	$ 276,213	$ 284,935
Average Interest	4.00%	4.00%
Maturity	Feb. 1, 2043
Series 2018-2 Asset-Backed Notes [Member] | Asset Backed Notes [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	$ 34,350	$ 34,350
Gross Debt, Long-term Outstanding	$ 291,975	$ 300,563
Average Interest	4.40%	4.40%
Maturity	Sep. 1, 2043

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options available for grant	3,421,980
Vesting period of awards	4 years
Contractual term	10 years
Aggregate intrinsic value of options exercised	$ 0.5	$ 0.1
Closing price per share	$ 23.20
Stock-based compensation expense recorded	$ 0.2	$ 0.4
Remaining unamortized stock-based compensation cost	$ 1
Stock-based compensation cost recognition period	1 year 6 months
Aggregate intrinsic value of options outstanding	$ 5.5
Options granted, Number of Shares	0	0
Stock Options [Member] | Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%
Stock Options [Member] | Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	2.083%
Stock Options [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards	1 year
Restricted Stock and Performance Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recorded	$ 0.6	$ 0.2
Remaining unamortized stock-based compensation cost	$ 5.5
Stock-based compensation cost recognition period	2 years 4 months 24 days
Restricted Stock and Performance Stock [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards	4 years
Restricted Stock and Performance Stock [Member] | Employees [Member] | Each Anniversary Of Grant Date [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%
Restricted Stock and Performance Stock [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards	1 year

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan (Summary Of Stock Option Activities) (Details) - Stock Options [Member] - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding at beginning of period, Number of Shares	850,167	859,560
Options exercised, Number of Shares	(46,917)	(1,893)
Options outstanding at end of period, Number of Shares	803,250	857,667
Options exercisable, Number of Shares	642,762	521,021
Options outstanding at beginning of period, Weighted Average Exercise Price	$ 16.46	$ 16.44
Options exercised, Weighted Average Exercise Price	14.04	12.64
Options outstanding at end of period, Weighted Average Exercise Price	16.60	16.45
Options exercisable, Weighted Average Exercise Price	$ 17.47	$ 17.56
Weighted average remaining term	5 years 6 months	6 years 1 month 6 days

Stock-Based Compensation Plan_4

Stock-Based Compensation Plan (Summary Of Restricted Stock and Performance Stock Activity) (Details) - Restricted Stock and Performance Stock [Member]	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock and performance stock outstanding, Beginning balance, Number of Shares of Restricted Stock | shares	204,730
Restricted stock and performance stock granted, Number of Shares of Restricted Stock | shares	131,494
Restricted stock and performance stock vested, Number of Shares of Restricted Stock | shares	(26,594)
Restricted stock and performance stock outstanding, Ending balance, Number of Shares of Restricted Stock | shares	309,630
Restricted stock and performance stock outstanding, Beginning balance, Weighted Average Grant Date Fair Value | $ / shares	$ 20.45
Restricted stock and performance stock granted, Weighted Average Grant Date Fair Value | $ / shares	25.67
Restricted stock and performance stock vested, Weighted Average Grant Date Fair Value | $ / shares	20.30
Restricted stock and performance stock outstanding, Ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 22.68

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Taxes [Abstract]
Effective tax rate	8.20%	4.00%
Unrecognized tax benefits	$ 0.3
Minimum percentage realization for recognition of income tax position	50.00%
Total accrued interest relating to unrecognized tax benefits	$ 0.1

Fair Value Of Financial Instr_2

Fair Value Of Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Carrying Amount [Member] | Collateralized Financing Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 124.2	$ 107.2
Carrying Amount [Member] | Term Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	156.1	158.6
Carrying Amount [Member] | Senior Secured Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	55.8	58.9
Carrying Amount [Member] | Asset Backed Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	999.1	1,032.7
Fair Value [Member] | Collateralized Financing Obligations [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	125.8	108.9
Fair Value [Member] | Asset Backed Notes [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	991.7	1,024.7
Variable Interest Entity, Primary Beneficiary [Member] | Carrying Amount [Member] | Term Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 41.3	$ 1.5

Commitments And Contingencies (

Commitments And Contingencies (Details) $ in Millions	Mar. 31, 2019USD ($)
Containers [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Commitments to purchase rental equipment	$ 53.9
Railcars [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Commitments to purchase rental equipment	$ 27.3

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		2 Months Ended	3 Months Ended	12 Months Ended
	Aug. 31, 2018	Mar. 31, 2018	Apr. 30, 2018	Mar. 31, 2019	Dec. 31, 2018	Oct. 31, 2018	May 31, 2018	Oct. 31, 2017
Class of Stock [Line Items]
Shares authorized for repurchase						3,000,000
Shares repurchased				600,000
Repurchase of common stock				$ 13,946
Shares remained available for repurchase				$ 1,900
Preferred shares, par value				$ 0.0001	$ 0.0001
Common Stock A [Member]
Class of Stock [Line Items]
Authorized number of shares for issuance in offering program								2,000,000
Issuance of common stock				0
Authorized number of shares for issuance in offering program, additional shares				1,000,000
Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Class of Stock [Line Items]
Preferred shares issued		1,600,000	170,900	2,199,610	2,199,610
Preferred shares dividend rate		8.50%		8.50%	8.50%
Preferred shares, par value		$ 0.0001
Preferred shares, liquidation preference		$ 25
Net proceeds from issuance of preferred shares		$ 38,300	$ 4,100
Payments of underwriting discount			$ 100
Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Class of Stock [Line Items]
Preferred shares issued	1,700,000			1,955,000	1,955,000
Preferred shares dividend rate	8.50%			8.50%	8.50%
Preferred shares, par value	$ 0.0001
Preferred shares, liquidation preference	$ 25
Net proceeds from issuance of preferred shares	$ 41,200
Preferred shares issued, additional offering	255,000
Net proceeds from issuance of preferred shares, additional offering	$ 6,200
Payments of underwriting discount	$ 200
Series A Preferred Stock ATM Offering Program [Member]
Class of Stock [Line Items]
Preferred shares issued				0
Authorized number of shares for issuance in offering program							2,200,000
Authorized number of shares for issuance in offering program, additional shares				1,800,000

Segment And Geographic Inform_3

Segment And Geographic Information (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Revenues	$ 111,108	$ 95,374
Net book value	2,176,376		$ 2,265,260
Inter-Segment [Member]
Property, Plant and Equipment [Line Items]
Revenues	0
Railcars [Member]
Property, Plant and Equipment [Line Items]
Net book value	$ 325,900

Segment And Geographic Inform_4

Segment And Geographic Information (Schedule Of Segment Information) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019		Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total revenue		$ 111,108		$ 95,374
Total operating expenses		66,987		60,658
Operating income		44,121		34,716
Net interest and other expenses (income)		23,888		16,864
Income before income taxes		20,233		17,852
Goodwill		15,794		15,794	$ 15,794
Total assets		2,917,915	[1]	2,555,131	$ 3,012,617	[1]
Purchase of rental equipment	[2]	141,212		112,763
Operating Segments [Member] | Container Leasing [Member]
Segment Reporting Information [Line Items]
Total revenue		75,511		64,634
Total operating expenses		38,409		31,349
Operating income		37,102		33,285
Net interest and other expenses (income)		19,947		13,322
Income before income taxes		17,155		19,963
Total assets		2,534,976		2,056,550
Purchase of rental equipment	[2]	108,090		77,116
Operating Segments [Member] | Rail Leasing [Member]
Segment Reporting Information [Line Items]
Total revenue		7,881		9,104
Total operating expenses		(1,212)		6,906
Operating income		9,093		2,198
Net interest and other expenses (income)		3,945		3,545
Income before income taxes		5,148		(1,347)
Total assets		337,406		458,412
Purchase of rental equipment	[2]	33,122		35,647
Operating Segments [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Total revenue		27,716		21,636
Total operating expenses		29,790		22,403
Operating income		(2,074)		(767)
Net interest and other expenses (income)		(4)		(3)
Income before income taxes		(2,070)		(764)
Goodwill		15,794		15,794
Total assets		$ 45,533		$ 40,169
[1]	Total assets at March 31, 2019 and December 31, 2018 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $27,058 and $25,211; Net investment in direct finance leases, $13,486 and $13,862; and Rental equipment, net of accumulated depreciation, $126,305, and $71,958, respectively.
[2]	Represents cash disbursements for purchasing of rental equipment as reflected in the consolidated statements of cash flows for the periods indicated.

Segment And Geographic Inform_5

Segment And Geographic Information (Schedule Of Geographic Allocation Of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 111,108	$ 95,374
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	37,366	32,572
Switzerland [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	14,048	11,104
France [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	8,933	8,917
Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	9,870	6,407
Singapore [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	10,034	5,316
Other Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	15,308	16,034
Other Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	15,199	12,483
Other International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 350	$ 2,541

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities having antidilutive effect	128,969	160,528

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation Of Basic And Diluted Net Income Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net income attributable to CAI common stockholders	$ 16,367	$ 17,117
Weighted-average shares used in per share computation - basic	18,555,000	20,414,000
Effect of dilutive securities: Stock options and restricted stock	315,000	258,000
Weighted-average shares used in per share computation - diluted	18,870,000	20,672,000
Basic	$ 0.88	$ 0.84
Diluted	$ 0.87	$ 0.83