CAI International (CAI) 10-Q 7 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 31, 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	Q2
Trading Symbol	cai
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		17,419,585
Entity Emerging Growth Company	false
Entity Small Business	false
Entity File Number	001-33388
Entity Address, Address Line One	Steuart Tower, 1 Market Plaza, Suite 900
Entity Address, City or Town	San Francisco
Entity Address, Postal Zip Code	94105
Entity Address, State or Province	CA
City Area Code	415
Local Phone Number	788-0100

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Current assets
Accounts receivable, net of allowance for doubtful accounts of $3,049 and $2,042 at June 30, 2019 and December 31, 2018, respectively		$ 97,070	$ 95,942
Current portion of net investment in sales-type and direct finance leases		75,174	75,975
Assets held for sale		320,793	449,730
Prepaid expenses and other current assets		6,783	1,525
Total current assets		557,108	668,487
Restricted cash		28,733	30,668
Rental equipment, net of accumulated depreciation of $604,417 and $557,559 at June 30, 2019 and December 31, 2018, respectively		1,882,452	1,816,794
Net investment in sales-type and direct finance leases		460,235	473,792
Financing receivable		31,948
Goodwill		15,794	15,794
Intangible assets, net of accumulated amortization of $6,202 and $5,397 at June 30, 2019 and December 31, 2018, respectively		4,928	5,733
Other non-current assets		3,692	1,349
Total assets	[1]	2,984,890	3,012,617
Current liabilities
Accounts payable		8,225	7,371
Accrued expenses and other current liabilities		21,509	25,069
Unearned revenue		6,448	7,573
Current portion of debt		313,064	311,381
Rental equipment payable		75,810	74,139
Total current liabilities		425,056	425,533
Debt		1,825,858	1,847,633
Deferred income tax liability		40,006	38,319
Other non-current liabilities		1,784
Total liabilities	[2]	2,292,704	2,311,485
Stockholders' equity
Common stock, par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 17,419,585 and 18,764,459 shares at June 30, 2019 and December 31, 2018, respectively		2	2
Additional paid-in capital		100,301	132,666
Accumulated other comprehensive loss		(6,589)	(6,513)
Retained earnings		494,607	471,112
Total stockholders' equity		692,186	701,132
Total liabilities and stockholders' equity		2,984,890	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		22,183	20,104
Variable Interest Entity, Primary Beneficiary [Member]
Current assets
Cash		35,105	25,211
Rental equipment, net of accumulated depreciation of $604,417 and $557,559 at June 30, 2019 and December 31, 2018, respectively		113,995	71,958
Net investment in sales-type and direct finance leases		9,959	13,862
Current liabilities
Current portion of debt		38,070	41,066
Debt		$ 116,311	$ 67,615
[1]	Total assets at June 30, 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, $35,105 and $25,211; Net investment in direct finance leases, $9,959 and $13,862; and Rental equipment, net of accumulated depreciation, $113,995, and $71,958, respectively.
[2]	Total liabilities at June 30, 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, $38,070 and $41,066; Debt, $116,311 and $67,615, respectively.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Current assets
Accounts receivable, allowance for doubtful accounts	$ 3,049	$ 2,042
Rental equipment net of accumulated depreciation	1,882,452	1,816,794
Rental equipment, accumulated depreciation	604,417	557,559
Net investment in direct finance leases	460,235	473,792
Intangible assets, accumulated amortization	6,202	5,397
Current liabilities
Current portion of debt	313,064	311,381
Debt	$ 1,825,858	$ 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	17,419,585	18,764,459
Common stock, shares outstanding	17,419,585	18,764,459
Variable Interest Entity, Primary Beneficiary [Member]
Current assets
Cash	$ 35,105	$ 25,211
Rental equipment net of accumulated depreciation	113,995	71,958
Net investment in direct finance leases	9,959	13,862
Current liabilities
Current portion of debt	38,070	41,066
Debt	$ 116,311	$ 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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Total revenue	$ 105,576	$ 96,586	$ 208,803	$ 182,856
Operating expenses
Depreciation of rental equipment	28,657	26,103	57,069	51,281
Storage, handling and other expenses	4,063	969	7,959	3,297
Logistics transportation costs	26,091	24,330	50,610	42,995
Gain on sale of rental equipment	(1,583)	(2,662)	(3,025)	(4,897)
Administrative expenses	12,338	11,325	25,408	21,550
Total operating expenses	69,566	60,065	138,021	114,226
Operating income	36,010	36,521	70,782	68,630
Other expenses
Net interest expense	20,021	14,594	39,926	27,948
Other expense	119	429	157	394
Total other expenses	20,140	15,023	40,083	28,342
Income before income taxes	15,870	21,498	30,699	40,288
Income tax expense	1,335	847	1,719	1,758
Income from continuing operations	14,535	20,651	28,980	38,530
Loss from discontinued operations, net of income taxes	(5,200)	(354)	(1,071)	(1,095)
Net income	9,335	20,297	27,909	37,435
Preferred stock dividends	2,207	1,148	4,414	1,169
Net income attributable to CAI common stockholders	7,128	19,149	23,495	36,266
Amounts attributable to CAI common stockholders
Net income from continuing operations	12,328	19,503	24,566	37,361
Net loss from discontinued operations	$ (5,200)	$ (354)	$ (1,071)	$ (1,095)
Basic
Continuing operations	$ 0.70	$ 1	$ 1.36	$ 1.86
Discontinued operations	(0.30)	(0.02)	(0.06)	(0.05)
Total basic	0.40	0.98	1.30	1.81
Diluted
Continuing operations	0.69	0.99	1.34	1.84
Discontinued operations	(0.29)	(0.02)	(0.06)	(0.05)
Total diluted	$ 0.40	$ 0.97	$ 1.28	$ 1.79
Weighted average shares outstanding
Basic	17,648,000	19,613,000	18,098,000	20,013,000
Diluted	17,926,000	19,843,000	18,401,000	20,258,000
Container Lease Revenue [Member]
Revenue
Total revenue	$ 75,774	$ 68,333	$ 151,285	$ 132,967
Logistics Revenue [Member]
Revenue
Total revenue	$ 29,802	$ 28,253	$ 57,518	$ 49,889

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 9,335	$ 20,297	$ 27,909	$ 37,435
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	5	(548)	(76)	(238)
Comprehensive income before preferred stock dividends	9,340	19,749	27,833	37,197
Dividends on preferred stock	(2,207)	(1,148)	(4,414)	(1,169)
Comprehensive income available to CAI common stockholders	$ 7,133	$ 18,601	$ 23,419	$ 36,028

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
Stock based compensation			592			592
Stock based compensation, 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, 2017		$ 2	172,325	(6,122)	397,640	563,845
Balances, Shares at Dec. 31, 2017		20,391
Net income						37,435
Preferred stock dividends						(1,169)
Foreign currency translation adjustment						(238)
Balances at Jun. 30, 2018	$ 54,990	$ 2	146,210	(6,360)	433,906	628,748
Balances, Shares at Jun. 30, 2018	2,200	19,306
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
Net income					20,297	20,297
Preferred stock dividends					(1,148)	(1,148)
Foreign currency translation adjustment				(548)		(548)
Issuance of common and preferred stock, net of offering costs	$ 14,990		(370)			14,620
Issuance of common and preferred stock, net of offering costs, Shares	600
Repurchase of common stock			(27,946)			(27,946)
Repurchase of common stock, Shares		(1,225)
Stock based compensation			653			653
Stock based compensation, Shares		38
Balances at Jun. 30, 2018	$ 54,990	$ 2	146,210	(6,360)	433,906	628,748
Balances, Shares at Jun. 30, 2018	2,200	19,306
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)
Stock based compensation			837			837
Stock based compensation, Shares		39
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
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						27,909
Preferred stock dividends						(4,414)
Foreign currency translation adjustment						(76)
Repurchase of common stock						$ (34,100)
Repurchase of common stock, Shares						(1,500)
Balances at Jun. 30, 2019	$ 103,865	$ 2	100,301	(6,589)	494,607	$ 692,186
Balances, Shares at Jun. 30, 2019	4,155	17,420
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
Net income					9,335	9,335
Preferred stock dividends					(2,207)	(2,207)
Foreign currency translation adjustment				5		5
Repurchase of common stock		$ (863)	(20,172)			(20,172)
Stock based compensation			916			916
Stock based compensation, Shares		75
Balances at Jun. 30, 2019	$ 103,865	$ 2	$ 100,301	$ (6,589)	$ 494,607	$ 692,186
Balances, Shares at Jun. 30, 2019	4,155	17,420

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY [Abstract]
Preferred Stock, Dividends Per Share	$ 0.53125	$ 0.53125	$ 0.53125	$ 0.01181

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net income		$ 27,909	$ 37,435
Loss from discontinued operations, net of income taxes		(1,071)	(1,095)
Income from continuing operations		28,980	38,530
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
Depreciation		57,179	51,350
Amortization of debt issuance costs		2,011	1,808
Amortization of intangible assets		805	1,087
Stock-based compensation expense		1,401	1,206
Unrealized loss on foreign exchange		90	266
Gain on sale of rental equipment		(3,025)	(4,897)
Deferred income taxes		1,652	1,248
Bad debt expense		529	315
Changes in other operating assets and liabilities:
Accounts receivable		(922)	(14,567)
Prepaid expenses and other assets		(654)	(2,121)
Net investment in sales-type and direct financing leases		31,336
Accounts payable, accrued expenses and other liabilities		(2,279)	(1,115)
Unearned revenue		(129)	14
Net cash provided by operating activities of continuing operations		116,974	73,124
Net cash provided by operating activities of discontinued operations		919	5,288
Net cash provided by operating activities		117,893	78,412
Cash flows from investing activities
Purchase of rental equipment	[1]	(167,442)	(226,033)
Purchase of financing receivable		(36,379)
Proceeds from sale of rental equipment		33,479	25,124
Purchase of furniture, fixtures and equipment		(249)	(196)
Receipt of principal payments from financing receivable		973
Receipt of principal payments from sales-type and direct financing leases			19,046
Net cash used in investing activities of continuing operations		(169,618)	(182,059)
Net cash provided by (used in) investing activities of discontinued operations		122,770	(45,594)
Net cash used in investing activities		(46,848)	(227,653)
Cash flows from financing activities
Proceeds from debt		387,082	675,289
Principal payments on debt		(324,263)	(564,953)
Debt issuance costs		(496)	(6,201)
Proceeds from issuance of common and preferred stock			56,699
Repurchase of common stock		(34,118)	(27,946)
Dividends paid to preferred stockholders		(4,414)
Exercise of stock options		335	24
Net cash provided by financing activities of continuing operations		24,126	132,912
Net cash (used in) provided by financing activities of discontinued operations		(85,056)	31,016
Net cash (used in) provided by financing activities		(60,930)	163,928
Effect on cash of foreign currency translation		(77)	(20)
Net increase in cash and restricted cash		10,038	14,667
Cash and restricted cash at beginning of the period	[2]	75,983	47,209
Cash and restricted cash at end of the period	[3]	86,021	61,876
Cash paid during the period for:
Income taxes		441	172
Interest		43,327	27,651
Supplemental disclosure of non-cash investing and financing activity
Transfer of rental equipment to direct finance lease		19,153	71,807
Rental equipment payable		$ 75,810	$ 184,258
[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 $22,183 and $16,462, cash held by variable interest entities of $35,105 and $24,348, and restricted cash of $28,733 and $21,066 at June 30, 2019 and 2018, respectively.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Restricted cash	$ 28,733	$ 30,668	$ 21,066	$ 11,789
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Cash	22,183	20,104	16,462	14,735
Variable Interest Entity, Primary Beneficiary [Member]
Cash	$ 35,105	$ 25,211	$ 24,348	$ 20,685

The Company And Nature Of Opera

The Company And Nature Of Operations	6 Months Ended
	Jun. 30, 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 June 30, 2019 and December 31, 2018, the Company’s results of operations for the three and six months ended June 30, 2019 and 2018, and the Company’s cash flows for the six months ended June 30, 2019 and 2018. Certain reclassifications have been made to prior year financial statements to conform to the current presentation. 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. Discontinued Operations In the quarter ended June 30, 2019, the Company committed to a plan to sell its railcar assets and to reallocate the capital invested in its rail business to other investments. The Company expects a sale to be completed before the end of 2019. As a result, the railcar assets have been reclassified as held for sale in the accompanying unaudited consolidated balance sheets and the operations of the rail business have been reclassified as discontinued operations in the accompanying unaudited consolidated statements of income and cash flows. All prior periods presented in these unaudited consolidated financial statements have been restated to reflect the reclassification of the railcar business as discontinued operations and assets held for sale. See Note 3 – Discontinued Operations for more information.

Accounting Policies And Recent

Accounting Policies And Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 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 six months ended June 30 , 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 , and interest earned on financing receivables are recognized using the effective interest method, which generates a constant rate of interest over the term of the arrangement . 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 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.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2019
Discontinued Operations [Abstract]
Discontinued Operations	(3) Discontinued Operations  As discussed in Note 1, railcar assets of $320.8 million and $449.7 million were reclassified as held for sale as of June 30, 2019 and December 31, 2018, respectively, and the related operations of the rail business as discontinued operations in the accompanying unaudited consolidated statements of income and cash flows. The railcar assets are expected to be sold before the end of 2019. The Company’s held for sale railcar assets as of the dates indicated are made up as follows (in thousands):     June 30, December 31,  2019 2018  Rental equipment $ 326,058 $ 448,466  Other assets 2,058 1,264  Loss on classification as held for sale (7,323) -  Assets held for sale $ 320,793 $ 449,730 Other assets and liabilities of the rail business, including accounts receivable, accrued expenses and other liabilities, deferred tax liabilities and debt, have not been classified as held for sale in the consolidated balance sheets as of June 30, 2019 and December 31, 2018 as they will not be sold by the Company. The rail debt will be repaid upon the sale of the railcar assets. The following table summarizes the components of income (loss) from discontinued operations in the accompanying unaudited consolidated statements of income for the three and six months ended June 30, 2019 and 2018 (in thousands):     Three Months Ended June 30, Six Months Ended June 30,  2019 2018 2019 2018  Revenue  Rail lease revenue $ 6,462 $ 9,119 $ 14,343 $ 18,223   Operating expenses  Depreciation of rental equipment 1,878 3,299 5,249 6,968  Storage, handling and other expenses 1,136 1,644 2,360 3,416  Gain on sale of rental equipment (1,271) (57) (8,661) (17)  Administrative expenses 1,030 835 2,356 1,851  Total operating expenses 2,773 5,721 1,304 12,218   Operating income 3,689 3,398 13,039 6,005   Interest expense 3,184 3,846 7,129 7,391  Income (loss) before income taxes 505 (448) 5,910 (1,386)   Loss on classification as held for sale 7,323 - 7,323 -  Loss from discontinued operations before income taxes (6,818) (448) (1,413) (1,386)  Income tax benefit (1,618) (94) (342) (291)  Net loss from discontinued operations $ (5,200) $ (354) $ (1,071) $ (1,095) 

Consolidation Of Variable Inter

Consolidation Of Variable Interest Entities	6 Months Ended
	Jun. 30, 2019
Consolidation Of Variable Interest Entities [Abstract]
Consolidation Of Variable Interest Entities	(4) 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 and six months ended June 30, 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 June 30, 2019 and December 31, 2018, and the results of the VIEs’ operations and cash flows for the three and six months ended June 30, 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 $123.9 million as of June 30, 2019. The container equipment, together with $35.1 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 $115.4 million and term loans held by VIE of $39.0 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 both the three and six months ended June 30, 2019 had a net book value of $65.0 million. Containers sold to the Japanese investor during the three and six months ended June 30, 2018 had a net book value of $7.3 million and $15.2 million, respectively.

Rental Equipment

Rental Equipment	6 Months Ended
	Jun. 30, 2019
Rental Equipment [Abstract]
Rental Equipment	(5) Rental Equipment  The following table provides a summary of the Company’s rental equipment (in thousands):      June 30, December 31,  2019 2018  Dry containers $ 1,914,120 $ 1,840,304  Refrigerated containers 349,610 341,983  Other specialized equipment 223,139 192,066  2,486,869 2,374,353  Accumulated depreciation (604,417) (557,559)  Rental equipment, net of accumulated depreciation $ 1,882,452 $ 1,816,794 

Net Investment In Sales-Type An

Net Investment In Sales-Type And Direct Finance Leases	6 Months Ended
	Jun. 30, 2019
Net Investment In Sales-Type And Direct Finance Leases [Abstract]
Net Investment In Sales-Type And Direct Finance Leases	(6) 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):     June 30, December 31,  2019 2018  Gross sales-type and finance lease receivables (1) $ 771,868 $ 804,511  Unearned income (2) (236,459) (254,744)  Net investment in sales-type and direct finance leases $ 535,409 $ 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 $74.3 million and $74.4 million unguaranteed residual value at June 30, 2019 and December 31, 2018, respectively, 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 June 30, 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 June 30, 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):     June 30, December 31,  2019 2018  Tier 1 $ 704,465 $ 698,014  Tier 2 67,403 106,497  Tier 3 - -  $ 771,868 $ 804,511  Contractual maturities of the Company's gross sales-type and finance lease receivables subsequent to June 30, 2019 for the years ending June 30 are as follows (in thousands):      2020 $ 114,583  2021 92,599  2022 84,880  2023 85,976  2024 58,190  2025 and thereafter 335,640  $ 771,868

Financing Receivable

Financing Receivable	6 Months Ended
	Jun. 30, 2019
Financing Receivable [Abstract]
Financing Receivable	(7) Financing Receivable  In April 2019, the Company entered into an agreement with a customer to purchase rental equipment and to lease the equipment back to the customer on a finance lease. As control of the equipment has been retained by the customer, the Company concluded that sale-leaseback accounting was not applicable and has treated the arrangement as a financing transaction. The amount paid by the Company has been recorded as a financing receivable. Payments made by the customer are recorded as a reduction to the financing receivable and as interest income, calculated using the effective interest method. The following table summarizes the components of the Company’s financing receivable (in thousands):     June 30,  Financial statement caption 2019  Current Prepaid expenses and other current assets $ 3,458  Non-current Financing receivable 31,948  Total financing receivable $ 35,406  In order to estimate an allowance for losses from financing receivables, the Company reviews the credit worthiness of its customers on an ongoing basis. As of June 30, 2019, the Company’s financing receivable of $35.4 million would be categorized as Tier 1 based on the internal customer credit ratings as described in Note 6.  

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2019
Intangible Assets [Abstract]
Intangible Assets	(8) 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 June 30, 2019 and December 31, 2018 were as follows (in thousands):       Gross Carrying Amount Accumulated Amortization Net Carrying Amount  June 30, 2019  Trademarks and tradenames $ 1,786 $ (1,786) $ -  Customer relationships 9,344 (4,416) 4,928  $ 11,130 $ (6,202) $ 4,928  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 June 30, 2019 and 2018 , respectively, and $0.8 million and $1.1 million for the six months ended June 30, 2019 and 2018, respectively, and was included in administrative expenses in the consolidated statements of income. As of June 30, 2019 , estimated future amortization expenses are as follows (in thousands):      2020 $ 1,609  2021 1,609  2022 948  2023 474  2024 288  $ 4,928 

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	(9) Leases  Lessee The Company has entered into various non-cancelable office space leases with original lease periods expiring between 2019 and 2024. As of June 30, 2019, operating lease ROU assets of $2.4 million were reported in other non-current assets in the consolidated balance sheets. As of June 30, 2019, total operating lease liabilities were $3.0 million, of which $1.2 million are due within one year and $1.8 million are due beyond one year and were recorded in accrued expenses and other current liabilities and other non-current liabilities, respectively, in the consolidated balance sheets. Certain leases provide for increases in future minimum annual rental payments as defined in the lease agreements. Lease expense for lease payments is recognized on a straight-line basis over the lease term and is reported in administrative expenses in the consolidated statements of income.  The following table summarizes the components of lease expense (in thousands):     Three months Six months  ended June 30, ended June 30,  2019 2019  Operating lease cost $ 586 $ 1,186  Short-term lease cost 16 31  Variable lease cost 84 157  Total lease cost $ 686 $ 1,374  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 June 30, 2019. Maturities of the Company’s operating lease liabilities, which do not include short-term leases, as of June 30, 2019 were as follows (in thousands):     2020 $ 1,309  2021 692  2022 565  2023 429  2024 221  2025 and thereafter -  Total lease payments 3,216  Less imputed interest (213)  Total operating lease liabilities $ 3,003  Cash paid for operating leases was $1.2 million during the six months ended June 30, 2019. As of June 30, 2019, the Company has $6.1 million of undiscounted future payments under additional operating leases that have not yet commenced, which are excluded from the table above. These operating leases are expected to commence in the third quarter of 2019 with lease terms between 3 and 6 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 following table summarizes the components of lease revenue (in thousands):     Three months Six months  ended June 30, ended June 30,  2019 2019  Lease revenue - sales-type and direct financing leases  Profit at lease commencement $ - $ -  Interest income on lease receivable 10,934 22,324  10,934 22,324  Lease revenue - operating leases 61,146 122,462  Other revenue 3,100 5,905  Interest income on financing receivable 594 594  Total lease revenue $ 75,774 $ 151,285  The following represents future minimum rents receivable under long-term non-cancelable operating leases (in thousands):     As of  June 30, 2019  2020 $ 161,298  2021 139,138  2022 120,972  2023 93,681  2024 52,921  2025 and thereafter 95,453  Total $ 663,463      As of  December 31, 2018  2019 $ 158,252  2020 129,740  2021 112,111  2022 96,964  2023 66,864  2024 and thereafter 107,346  Total $ 671,277  See Note 6 for contractual maturities of the Company’s gross sales-type and finance lease receivables.

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt [Abstract]
Debt	(10) Debt  Details of the Company’s debt as of June 30, 2019 and December 31, 2018 were as follows (dollars in thousands):     June 30, 2019 December 31, 2018  Outstanding Average Outstanding Average  Current Long-term Interest Current Long-term Interest Maturity   Revolving credit $ 13,000 $ 391,500 3.9% $ 4,200 $ 301,000 4.2% June 2023  Revolving credit facility - Rail (1) - 189,500 3.9% - 272,500 4.2% October 2023  Revolving credit facility - Euro - 19,338 2.0% - 19,457 2.0% September 2020  Term loan 1,800 26,400 4.6% 1,800 27,300 4.5% April 2023  Term loan 107,250 - 4.0% 111,750 - 3.8% October 2019  Term loan 7,000 72,000 4.3% 7,000 75,500 4.0% June 2021  Term loan (1) 1,262 14,647 3.4% 1,240 15,284 3.4% December 2020  Term loan (1) 2,962 39,157 3.6% 2,909 40,651 3.6% August 2021  Term loan 6,000 89,500 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 39,900 3.5% 17,100 48,450 3.5% October 2027  Asset-backed notes 2013-1 22,900 62,975 3.4% 22,900 74,425 3.4% March 2028  Asset-backed notes 2017-1 25,307 177,149 3.7% 25,307 189,802 3.7% June 2042  Asset-backed notes 2018-1 34,890 267,490 4.0% 34,890 284,935 4.0% February 2043  Asset-backed notes 2018-2 34,350 283,388 4.4% 34,350 300,563 4.4% September 2043  Collateralized financing obligations 32,939 82,424 1.5% 39,610 67,615 1.2% December 2021  Term loans held by VIE 5,131 33,887 4.2% 1,456 - 3.3% June 2019  318,001 1,838,975 316,622 1,862,757  Debt issuance costs (4,937) (13,117) (5,241) (15,124)  Total Debt $ 313,064 $ 1,825,858 $ 311,381 $ 1,847,633  (1) These facilities will be repaid upon the sale of the railcar assets.  The Company maintains its revolving credit facilities to finance the acquisition of rental equipment and for general working capital purposes. As of June 30 , 2019, the Company had $1,065.0 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 June 30, 2019 , the borrowing availability under the Company’s revolving credit facilities was $102. 7 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 4) 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 June 30, 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	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation Plan [Abstract]
Stock-Based Compensation Plan	(11) Stock–Based Compensation Plan  2019 Incentive Plan In June 2019, the Company’s stockholders approved the CAI International, Inc. 2019 Incentive Plan (2019 Plan), which replaces the CAI International, Inc. Amended and Restated 2007 Equity Incentive Plan (2007 Plan) . No further awards will be made under the 2007 Plan. Under the 2019 Plan, a maximum of 2,577,075 share awards may be granted. Under the 2019 Plan, the Company may grant incentive and nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance awards and other stock or cash-based awards. Stock Options 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 six months ended June 30, 2019 and 2018 :     Six Months Ended June 30,  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 (125,504) $ 14.14 (9,393) $ 14.76  Options forfeited (3,000) $ 12.88 - $ -  Options expired (10,000) $ 26.41 - $ -  Options outstanding at June 30 711,663 $ 16.75 850,167 $ 16.46  Options exercisable 586,408 $ 17.58 593,043 $ 17.71  Weighted average remaining term 5.9 years 6.1 years  The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2019 and 2018 was $1.2 million and less than $0.1 million, respectively. The aggregate intrinsic value of all options outstanding as of June 30, 2019 was $5.8 million based on the closing price of the Company’s common stock of $24.82 per share on June 28, 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 June 30, 2019 and 2018 , respectively, and $0.4 million and $0.8 million for the six months ended June 30, 2019 and 2018, respectively. As of June 30 , 2019 , the remaining unamortized stock-based compensation cost relating to stock options granted to the Company’s employees and independent directors was approximately $0.8 million, which is to be recognized over the remaining weighted average vesting period of approximately 1.4 years. The Company did not grant any stock options during the six months ended June 30, 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 2019 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 certain 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 2019 Plan:     Weighted  Average  Number of Grant Date  Shares Fair Value  Outstanding at December 31, 2018 204,730 $ 20.45  Granted 166,939 $ 25.37  Vested (80,509) $ 20.86  Forfeited (6,804) $ 21.52  Outstanding at June 30, 2019 284,356 $ 23.20  The Company recognized stock-based compensation expense relating to restricted stock and performance stock awards of $0.5 million and $0.4 million for the three months ended June 30, 2019 and 2018, respectively, and $1.2 million and $0.6 million for the six months ended June 30, 2019 and 2018, respectively. As of June 30, 2019 , unamortized stock-based compensation expense relating to restricted stock and performance stock was $5.6 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. Employee Stock Purchase Plan In June 2019, the Company’s stockholders approved the CAI International, Inc. 2019 Employee Stock Purchase Plan (ESPP). The ESPP provides a means by which eligible employees may be given an opportunity to purchase shares of the Company’s common stock at a discount using payroll deductions. The ESPP authorizes the issuance of up to 250,000 shares of the Company’s common stock. The ESPP has not yet been implemented and no shares were issued under the ESPP during the three months ended June 30, 2019.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Taxes [Abstract]
Income Taxes	(12) Income Taxes  The consolidated income tax expense for the three and six months ended June 30, 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 5 .6% at June 30, 2019 , compared to 4.4 % at June 30, 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 June 30 , 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 June 30 , 2019 . The Company does not believe the total amount of unrecognized tax benefits as of June 30 , 2019 will change for the remainder of 2019.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments	(13) Fair Value of Financial Instruments  The carrying amounts of cash, restricted cash, accounts receivable and accounts payable reflected in the balance sheets as of June 30, 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 June 30, 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 fixed-rate term loans, asset-backed notes and collateralized financing obligations was $153.5 million, $965.4 million and $115.4 million as of June 30, 2019, with a fair value of approximately $154.8 million, $972.5 million and $117.3 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 senior secured notes of $55.8 million and $58.9 million and term loans held by VIE of $39.0 million and $1.5 million as of June 30, 2019 and December 31, 2018, respectively, fixed-rate term loans of $158.6 million as of December 31, 2018 , and financing receivable of $35.4 million as of June 30, 2019, 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	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies [Abstract]
Commitments And Contingencies	(14) Commitments and Contingencies  In addition to its debt obligations described in Note 9 above, the Company had commitments to purchase approximately $50.8 million of containers and $6.1 million of railcars as of June 30, 2019, all in the twelve months ending June 30, 2020 . 

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2019
Stockholders’ Equity [Abstract]
Stockholders’ Equity	(15) 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. During the six months ended June 30, 2019, the Company repurchased 1.5 million shares of its common stock under this repurchase plan, at a cost of approximately $34.1 million. As of June 30, 2019, approximately 1.0 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 six months ended June 30, 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 six months ended June 30, 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.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2019
Related Parties [Abstract]
Related Parties	(16) Related Parties  In May 2018, the Company purchased, and subsequently cancelled, 1,225,214 shares of its common stock, from an affiliate of Andrew S. Ogawa in a privately-negotiated transactions. Mr. Ogawa is a member of the Company’s Board of Directors. The stock was purchase at a price of $22.81 per share, which represented a 2% discount to the closing price on the date of purchase. 

Segment And Geographic Informat

Segment And Geographic Information	6 Months Ended
	Jun. 30, 2019
Segment And Geographic Information [Abstract]
Segment And Geographic Information	(17) 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. As disclosed in Note 3, the Company’s railcar assets have been reclassified as held for sale in the accompanying unaudited consolidated balance sheets and the operations of the rail business have been reclassified as discontinued operations in the accompanying unaudited consolidated statements of income. As a result, the Company will no longer report Rail leasing as a segment. The Company revised prior period information to conform to current period presentation. 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 logistics segment derives its revenue from the provision of logistics services. There are no material inter-segment revenues and operating expenses are directly attributable to each segment. The following tables show condensed segment information for the three and six months ended June 30, 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 June 30, 2019  Container Leasing Logistics Total  Total revenue $ 75,774 $ 29,802 $ 105,576  Total operating expenses 38,156 31,410 69,566  Operating income (loss) 37,618 (1,608) 36,010  Net interest and other expenses (income) 20,144 (4) 20,140  Income (loss) before income taxes $ 17,474 $ (1,604) $ 15,870  Purchase of rental equipment (1) $ 59,352 $ - $ 59,352     Three Months Ended June 30, 2018  Container Leasing Logistics Total  Total revenue $ 68,333 $ 28,253 $ 96,586  Total operating expenses 31,386 28,679 60,065  Operating income (loss) 36,947 (426) 36,521  Net interest and other expenses (income) 15,031 (8) 15,023  Income (loss) before income taxes $ 21,916 $ (418) $ 21,498  Purchase of rental equipment (1) $ 148,917 $ - $ 148,917     Six Months Ended June 30, 2019  Container Leasing Logistics Total  Total revenue $ 151,285 $ 57,518 $ 208,803  Total operating expenses 76,870 61,151 138,021  Operating income (loss) 74,415 (3,633) 70,782  Net interest and other expenses (income) 40,091 (8) 40,083  Income (loss) before income taxes $ 34,324 $ (3,625) $ 30,699  Purchase of rental equipment (1) $ 167,442 $ - $ 167,442      Six Months Ended June 30, 2018  Container Leasing Logistics Total  Total revenue $ 132,967 $ 49,889 $ 182,856  Total operating expenses 63,144 51,082 114,226  Operating income (loss) 69,823 (1,193) 68,630  Net interest and other expenses (income) 28,353 (11) 28,342  Income (loss) before income taxes $ 41,470 $ (1,182) $ 40,288  Purchase of rental equipment (1) $ 226,033 $ - $ 226,033  (1) Represents cash disbursements for purchasing of rental equipment as reflected in the consolidated statements of cash flows for the periods indicated.  The summary below presents total assets for the Company's segments as of the dates indicated (in thousands):     June 30, 2019 December 31, 2018  Container leasing $ 2,608,745 $ 2,506,279  Logistics (2) 44,994 45,951  Rail (3) 331,151 460,387  Total assets $ 2,984,890 $ 3,012,617  (2) Includes goodwill of $15.8 million as of June 30, 2019 and December 31, 2018. (3) Represents total assets related to discontinued operations, including assets held for sale of $320.8 million and $449.7 million as of June 30, 2019 and December 31, 2018, respectively.  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 following table represents the geographic allocation of revenue for the periods indicated based on customers’ primary domicile (in thousands):      Three Months Ended June 30, Six Months Ended June 30,  2019 2018 2019 2018  United States $ 31,468 $ 30,076 $ 60,953 $ 53,544  Switzerland 13,827 11,213 27,875 22,317  Korea 10,684 6,813 20,554 13,220  Singapore 10,316 5,422 20,350 10,738  France 8,881 9,223 17,814 18,140  Other Asia 14,667 17,746 29,975 33,780  Other Europe 15,324 13,674 30,523 26,158  Other International 409 2,419 759 4,959  Total revenue $ 105,576 $ 96,586 $ 208,803 $ 182,856

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	(18) 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 and six months ended June 30, 2019 and 2018 (in thousands, except per share data):      Three Months Ended June 30, Six Months Ended June 30,  2019 2018 2019 2018  Numerator  Net income from continuing operations $ 12,328 $ 19,503 $ 24,566 $ 37,361  Net income (loss) from discontinued operations (5,200) (354) (1,071) (1,095)  Net income attributable to CAI common stockholders $ 7,128 $ 19,149 $ 23,495 $ 36,266  Denominator  Weighted-average shares used in per share computation - basic 17,648 19,613 18,098 20,013  Effect of dilutive securities:  Stock options and restricted stock 278 230 303 245  Weighted-average shares used in per share computation - diluted 17,926 19,843 18,401 20,258   Net income (loss) per share attributable to CAI common  stockholders:  Basic  Continuing operations $ 0.70 $ 1.00 $ 1.36 $ 1.86  Discontinued operations $ (0.30) $ (0.02) $ (0.06) $ (0.05)  Total basic $ 0.40 $ 0.98 $ 1.30 $ 1.81  Diluted  Continuing operations $ 0.69 $ 0.99 $ 1.34 $ 1.84  Discontinued operations $ (0.29) $ (0.02) $ (0.06) $ (0.05)  Total diluted $ 0.40 $ 0.97 $ 1.28 $ 1.79  The calculation of diluted earnings per share for the three months ended June 30, 2019 and 2018 , excluded from the denominator 1 46 , 11 6 and 16 1 , 870 shares, respectively, of common stock options because their effect would have been anti-dilutive. The calculation of diluted earnings per share for the six months ended June 30, 2019 and 2018 , excluded from the denominator 1 26 , 184 and 16 1 , 163 shares, respectively, of common stock options because their effect would have been anti-dilutive

The Company And Nature Of Ope_2

The Company And Nature Of Operations (Policy)	6 Months Ended
	Jun. 30, 2019
The Company And Nature Of Operations [Abstract]
Basis Of Presentation	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 June 30, 2019 and December 31, 2018, the Company’s results of operations for the three and six months ended June 30, 2019 and 2018, and the Company’s cash flows for the six months ended June 30, 2019 and 2018. Certain reclassifications have been made to prior year financial statements to conform to the current presentation. 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.
Discontinued Operations	Discontinued Operations In the quarter ended June 30, 2019, the Company committed to a plan to sell its railcar assets and to reallocate the capital invested in its rail business to other investments. The Company expects a sale to be completed before the end of 2019. As a result, the railcar assets have been reclassified as held for sale in the accompanying unaudited consolidated balance sheets and the operations of the rail business have been reclassified as discontinued operations in the accompanying unaudited consolidated statements of income and cash flows. All prior periods presented in these unaudited consolidated financial statements have been restated to reflect the reclassification of the railcar business as discontinued operations and assets held for sale. See Note 3 – Discontinued Operations for more information.

Accounting Policies And Recen_2

Accounting Policies And Recent Accounting Pronouncements (Policy)	6 Months Ended
	Jun. 30, 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 six months ended June 30 , 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 , and interest earned on financing receivables are recognized using the effective interest method, which generates a constant rate of interest over the term of the arrangement . 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 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.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2019
Discontinued Operations [Abstract]
Summary Of Held For Sale Railcar Assets	  June 30, December 31,  2019 2018  Rental equipment $ 326,058 $ 448,466  Other assets 2,058 1,264  Loss on classification as held for sale (7,323) -  Assets held for sale $ 320,793 $ 449,730 
Summary Of Components Of Income (Loss) From Discontinued Operations	  Three Months Ended June 30, Six Months Ended June 30,  2019 2018 2019 2018  Revenue  Rail lease revenue $ 6,462 $ 9,119 $ 14,343 $ 18,223   Operating expenses  Depreciation of rental equipment 1,878 3,299 5,249 6,968  Storage, handling and other expenses 1,136 1,644 2,360 3,416  Gain on sale of rental equipment (1,271) (57) (8,661) (17)  Administrative expenses 1,030 835 2,356 1,851  Total operating expenses 2,773 5,721 1,304 12,218   Operating income 3,689 3,398 13,039 6,005   Interest expense 3,184 3,846 7,129 7,391  Income (loss) before income taxes 505 (448) 5,910 (1,386)   Loss on classification as held for sale 7,323 - 7,323 -  Loss from discontinued operations before income taxes (6,818) (448) (1,413) (1,386)  Income tax benefit (1,618) (94) (342) (291)  Net loss from discontinued operations $ (5,200) $ (354) $ (1,071) $ (1,095) 

Rental Equipment (Tables)

Rental Equipment (Tables)	6 Months Ended
	Jun. 30, 2019
Rental Equipment [Abstract]
Schedule Of Rental Equipment	  June 30, December 31,  2019 2018  Dry containers $ 1,914,120 $ 1,840,304  Refrigerated containers 349,610 341,983  Other specialized equipment 223,139 192,066  2,486,869 2,374,353  Accumulated depreciation (604,417) (557,559)  Rental equipment, net of accumulated depreciation $ 1,882,452 $ 1,816,794 

Net Investment In Sales-Type _2

Net Investment In Sales-Type And Direct Finance Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Net Investment In Sales-Type And Direct Finance Leases [Abstract]
Components Of Net Investment In Direct Finance Leases	   June 30, December 31,  2019 2018  Gross sales-type and finance lease receivables (1) $ 771,868 $ 804,511  Unearned income (2) (236,459) (254,744)  Net investment in sales-type and direct finance leases $ 535,409 $ 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 $74.3 million and $74.4 million unguaranteed residual value at June 30, 2019 and December 31, 2018, respectively, 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 June 30, 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 June 30, 2019 and December 31, 2018.
Gross Finance Lease Receivables By Customer Categories	   June 30, December 31,  2019 2018  Tier 1 $ 704,465 $ 698,014  Tier 2 67,403 106,497  Tier 3 - -  $ 771,868 $ 804,511 
Contractual Maturities Of Gross Finance Lease Receivables	  2020 $ 114,583  2021 92,599  2022 84,880  2023 85,976  2024 58,190  2025 and thereafter 335,640  $ 771,868 

Financing Receivable (Tables)

Financing Receivable (Tables)	6 Months Ended
	Jun. 30, 2019
Financing Receivable [Abstract]
Summary Of Components Of Financing Receivable	  June 30,  Financial statement caption 2019  Current Prepaid expenses and other current assets $ 3,458  Non-current Financing receivable 31,948  Total financing receivable $ 35,406 

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 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  June 30, 2019  Trademarks and tradenames $ 1,786 $ (1,786) $ -  Customer relationships 9,344 (4,416) 4,928  $ 11,130 $ (6,202) $ 4,928  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 948  2023 474  2024 288  $ 4,928 

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Components Of Lease Expense	  Three months Six months  ended June 30, ended June 30,  2019 2019  Operating lease cost $ 586 $ 1,186  Short-term lease cost 16 31  Variable lease cost 84 157  Total lease cost $ 686 $ 1,374 
Maturities Of Operating Lease Liabilities	   2020 $ 1,309  2021 692  2022 565  2023 429  2024 221  2025 and thereafter -  Total lease payments 3,216  Less imputed interest (213)  Total operating lease liabilities $ 3,003 
Components Of Lease Revenue	  Three months Six months  ended June 30, ended June 30,  2019 2019  Lease revenue - sales-type and direct financing leases  Profit at lease commencement $ - $ -  Interest income on lease receivable 10,934 22,324  10,934 22,324  Lease revenue - operating leases 61,146 122,462  Other revenue 3,100 5,905  Interest income on financing receivable 594 594  Total lease revenue $ 75,774 $ 151,285 
Future Minimum Rents Receivable Under Long-Term Non-Cancelable Operating Leases	     As of  June 30, 2019  2020 $ 161,298  2021 139,138  2022 120,972  2023 93,681  2024 52,921  2025 and thereafter 95,453  Total $ 663,463      As of  December 31, 2018  2019 $ 158,252  2020 129,740  2021 112,111  2022 96,964  2023 66,864  2024 and thereafter 107,346  Total $ 671,277 

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt [Abstract]
Schedule Of Debt	     June 30, 2019 December 31, 2018  Outstanding Average Outstanding Average  Current Long-term Interest Current Long-term Interest Maturity   Revolving credit $ 13,000 $ 391,500 3.9% $ 4,200 $ 301,000 4.2% June 2023  Revolving credit facility - Rail (1) - 189,500 3.9% - 272,500 4.2% October 2023  Revolving credit facility - Euro - 19,338 2.0% - 19,457 2.0% September 2020  Term loan 1,800 26,400 4.6% 1,800 27,300 4.5% April 2023  Term loan 107,250 - 4.0% 111,750 - 3.8% October 2019  Term loan 7,000 72,000 4.3% 7,000 75,500 4.0% June 2021  Term loan (1) 1,262 14,647 3.4% 1,240 15,284 3.4% December 2020  Term loan (1) 2,962 39,157 3.6% 2,909 40,651 3.6% August 2021  Term loan 6,000 89,500 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 39,900 3.5% 17,100 48,450 3.5% October 2027  Asset-backed notes 2013-1 22,900 62,975 3.4% 22,900 74,425 3.4% March 2028  Asset-backed notes 2017-1 25,307 177,149 3.7% 25,307 189,802 3.7% June 2042  Asset-backed notes 2018-1 34,890 267,490 4.0% 34,890 284,935 4.0% February 2043  Asset-backed notes 2018-2 34,350 283,388 4.4% 34,350 300,563 4.4% September 2043  Collateralized financing obligations 32,939 82,424 1.5% 39,610 67,615 1.2% December 2021  Term loans held by VIE 5,131 33,887 4.2% 1,456 - 3.3% June 2019  318,001 1,838,975 316,622 1,862,757  Debt issuance costs (4,937) (13,117) (5,241) (15,124)  Total Debt $ 313,064 $ 1,825,858 $ 311,381 $ 1,847,633  (1) These facilities will be repaid upon the sale of the railcar assets. 

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation Plan [Abstract]
Summary Of Stock Option Activities	   Six Months Ended June 30,  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 (125,504) $ 14.14 (9,393) $ 14.76  Options forfeited (3,000) $ 12.88 - $ -  Options expired (10,000) $ 26.41 - $ -  Options outstanding at June 30 711,663 $ 16.75 850,167 $ 16.46  Options exercisable 586,408 $ 17.58 593,043 $ 17.71  Weighted average remaining term 5.9 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 166,939 $ 25.37  Vested (80,509) $ 20.86  Forfeited (6,804) $ 21.52  Outstanding at June 30, 2019 284,356 $ 23.20 

Segment And Geographic Inform_2

Segment And Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment And Geographic Information [Abstract]
Schedule Of Segment Information	    Three Months Ended June 30, 2019  Container Leasing Logistics Total  Total revenue $ 75,774 $ 29,802 $ 105,576  Total operating expenses 38,156 31,410 69,566  Operating income (loss) 37,618 (1,608) 36,010  Net interest and other expenses (income) 20,144 (4) 20,140  Income (loss) before income taxes $ 17,474 $ (1,604) $ 15,870  Purchase of rental equipment (1) $ 59,352 $ - $ 59,352     Three Months Ended June 30, 2018  Container Leasing Logistics Total  Total revenue $ 68,333 $ 28,253 $ 96,586  Total operating expenses 31,386 28,679 60,065  Operating income (loss) 36,947 (426) 36,521  Net interest and other expenses (income) 15,031 (8) 15,023  Income (loss) before income taxes $ 21,916 $ (418) $ 21,498  Purchase of rental equipment (1) $ 148,917 $ - $ 148,917     Six Months Ended June 30, 2019  Container Leasing Logistics Total  Total revenue $ 151,285 $ 57,518 $ 208,803  Total operating expenses 76,870 61,151 138,021  Operating income (loss) 74,415 (3,633) 70,782  Net interest and other expenses (income) 40,091 (8) 40,083  Income (loss) before income taxes $ 34,324 $ (3,625) $ 30,699  Purchase of rental equipment (1) $ 167,442 $ - $ 167,442      Six Months Ended June 30, 2018  Container Leasing Logistics Total  Total revenue $ 132,967 $ 49,889 $ 182,856  Total operating expenses 63,144 51,082 114,226  Operating income (loss) 69,823 (1,193) 68,630  Net interest and other expenses (income) 28,353 (11) 28,342  Income (loss) before income taxes $ 41,470 $ (1,182) $ 40,288  Purchase of rental equipment (1) $ 226,033 $ - $ 226,033  (1) Represents cash disbursements for purchasing of rental equipment as reflected in the consolidated statements of cash flows for the periods indicated.
Summary Of Total Assets For Segments	The summary below presents total assets for the Company's segments as of the dates indicated (in thousands):     June 30, 2019 December 31, 2018  Container leasing $ 2,608,745 $ 2,506,279  Logistics (2) 44,994 45,951  Rail (3) 331,151 460,387  Total assets $ 2,984,890 $ 3,012,617  (2) Includes goodwill of $15.8 million as of June 30, 2019 and December 31, 2018. (3) Represents total assets related to discontinued operations, including assets held for sale of $320.8 million and $449.7 million as of June 30, 2019 and December 31, 2018, respectively.
Schedule Of Geographic Allocation Of Revenue	    Three Months Ended June 30, Six Months Ended June 30,  2019 2018 2019 2018  United States $ 31,468 $ 30,076 $ 60,953 $ 53,544  Switzerland 13,827 11,213 27,875 22,317  Korea 10,684 6,813 20,554 13,220  Singapore 10,316 5,422 20,350 10,738  France 8,881 9,223 17,814 18,140  Other Asia 14,667 17,746 29,975 33,780  Other Europe 15,324 13,674 30,523 26,158  Other International 409 2,419 759 4,959  Total revenue $ 105,576 $ 96,586 $ 208,803 $ 182,856 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Reconciliation Of Basic And Diluted Net Income Per Share	    Three Months Ended June 30, Six Months Ended June 30,  2019 2018 2019 2018  Numerator  Net income from continuing operations $ 12,328 $ 19,503 $ 24,566 $ 37,361  Net income (loss) from discontinued operations (5,200) (354) (1,071) (1,095)  Net income attributable to CAI common stockholders $ 7,128 $ 19,149 $ 23,495 $ 36,266  Denominator  Weighted-average shares used in per share computation - basic 17,648 19,613 18,098 20,013  Effect of dilutive securities:  Stock options and restricted stock 278 230 303 245  Weighted-average shares used in per share computation - diluted 17,926 19,843 18,401 20,258   Net income (loss) per share attributable to CAI common  stockholders:  Basic  Continuing operations $ 0.70 $ 1.00 $ 1.36 $ 1.86  Discontinued operations $ (0.30) $ (0.02) $ (0.06) $ (0.05)  Total basic $ 0.40 $ 0.98 $ 1.30 $ 1.81  Diluted  Continuing operations $ 0.69 $ 0.99 $ 1.34 $ 1.84  Discontinued operations $ (0.29) $ (0.02) $ (0.06) $ (0.05)  Total diluted $ 0.40 $ 0.97 $ 1.28 $ 1.79 

The Company And Nature Of Ope_3

The Company And Nature Of Operations (Narrative) (Details)	1 Months Ended		6 Months Ended	12 Months Ended
	Aug. 31, 2018	Mar. 31, 2018	Jun. 30, 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	Jun. 30, 2019	Jan. 01, 2019
Significant Accounting Policies [Line Items]
Operating Lease, Liability	$ 3,003
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

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Railcar Assets [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Railcar assets, held for sale	$ 320,793	$ 449,730

Discontinued Operations (Summar

Discontinued Operations (Summary Of Held For Sale Railcar Assets) (Details) - Railcar Assets [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Rental equipment	$ 326,058	$ 448,466
Other assets	2,058	1,264
Loss on classification held for sale	(7,323)
Assets held for sale	$ 320,793	$ 449,730

Discontinued Operations (Summ_2

Discontinued Operations (Summary Of Components Of Income (Loss) From Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Discontinued Operations [Abstract]
Rail lease revenue	$ 6,462	$ 9,119	$ 14,343	$ 18,223
Depreciation of rental equipment	1,878	3,299	5,249	6,968
Storage, handling and other expenses	1,136	1,644	2,360	3,416
Gain on sale of rental equipment	(1,271)	(57)	(8,661)	(17)
Administrative expenses	1,030	835	2,356	1,851
Total operating expenses	2,773	5,721	1,304	12,218
Operating income	3,689	3,398	13,039	6,005
Interest expense	3,184	3,846	7,129	7,391
Income (loss) before income taxes	505	(448)	5,910	(1,386)
Loss on classification as held for sale	7,323		7,323
Loss from discontinued operations before income taxes	(6,818)	(448)	(1,413)	(1,386)
Income tax expense (benefit)	(1,618)	(94)	(342)	(291)
Net income (loss) from discontinued operations	$ (5,200)	$ (354)	$ (1,071)	$ (1,095)

Consolidation Of Variable Int_2

Consolidation Of Variable Interest Entities (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)item	Jun. 30, 2018USD ($)item	Jun. 30, 2019USD ($)item	Jun. 30, 2018USD ($)item	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Variable Interest Entity [Line Items]
Net book value	$ 1,882,452,000		$ 1,882,452,000		$ 1,816,794,000
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Net book value	113,995,000		113,995,000		71,958,000
Cash	35,105,000	$ 24,348,000	35,105,000	$ 24,348,000	$ 25,211,000	$ 20,685,000
Collateralized Financing Obligations [Member]
Variable Interest Entity [Line Items]
Long-term debt	115,400,000		115,400,000
Term Loan [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Long-term debt	$ 39,000,000		$ 39,000,000
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	0	0
Net book value	$ 123,900,000		$ 123,900,000
Cash	35,100,000		35,100,000
Gain (loss) recognized on initial consolidation of VIEs			0
Book value of containers sold	$ 65,000,000	$ 7,300,000	$ 65,000,000	$ 15,200,000

Rental Equipment (Schedule Of R

Rental Equipment (Schedule Of Rental Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Rental equipment, gross	$ 2,486,869	$ 2,374,353
Accumulated depreciation	(604,417)	(557,559)
Rental equipment, net of accumulated depreciation	1,882,452	1,816,794
Dry Containers [Member]
Property, Plant and Equipment [Line Items]
Rental equipment, gross	1,914,120	1,840,304
Refrigerated Containers [Member]
Property, Plant and Equipment [Line Items]
Rental equipment, gross	349,610	341,983
Other Specialized Equipment [Member]
Property, Plant and Equipment [Line Items]
Rental equipment, gross	$ 223,139	$ 192,066

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		Jun. 30, 2019	Dec. 31, 2018
Net Investment In Sales-Type And Direct Finance Leases [Abstract]
Gross sales-type and finance lease receivables	[1]	$ 771,868	$ 804,511
Unearned income	[2]	(236,459)	(254,744)
Net investment in sales-type and direct finance leases		535,409	549,767
Unguaranteed residual value		74,300	74,400
Executory costs		0	0
Unamortized initial direct costs		$ 0	$ 0
[1]	June 30,December 31,20192018Gross sales-type and finance lease receivables (1)$ 771,868$ 804,511Unearned income (2) (236,459) (254,744)Net investment in sales-type and direct finance leases$ 535,409$ 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 $74.3 million and $74.4 million unguaranteed residual value at June 30, 2019 and December 31, 2018, respectively, 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 June 30, 2019 and December 31, 2018.
[2]	(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 June 30, 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	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Gross sales-type and finance lease receivables	$ 771,868	$ 804,511
Tier 1 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross sales-type and finance lease receivables	704,465	698,014
Tier 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross sales-type and finance lease receivables	67,403	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	Jun. 30, 2019	Dec. 31, 2018
Net Investment In Sales-Type And Direct Finance Leases [Abstract]
2020	$ 114,583
2021	92,599
2022	84,880
2023	85,976
2024	58,190
2025 and thereafter	335,640
Gross sales-type and finance lease receivables	$ 771,868	$ 804,511

Financing Receivable (Summary O

Financing Receivable (Summary Of Components Of Financing Receivable) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Financing Receivable [Abstract]
Current	$ 3,458
Non-current	31,948
Total financing receivable	$ 35,406

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Intangible Assets [Abstract]
Amortization expense	$ 400	$ 500	$ 805	$ 1,087

Intagible Assets (Schedule Of E

Intagible Assets (Schedule Of Estimated Useful Lives) (Details)	6 Months Ended
	Jun. 30, 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	Jun. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 11,130	$ 11,130
Accumulated Amortization	(6,202)	(5,397)
Net Carrying Amount	4,928	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	(4,416)	(3,611)
Net Carrying Amount	$ 4,928	$ 5,733

Intangible Assets (Schedule O_2

Intangible Assets (Schedule Of Estimated Future Amortization Expenses) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Intangible Assets [Abstract]
2020	$ 1,609
2021	1,609
2022	948
2023	474
2024	288
Net Carrying Amount	$ 4,928	$ 5,733

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 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	$ 1,200
Operating Lease, Liability	3,003
Noncurrent operating lease liabilities	1,800
Operating Lease, Payments	1,200
Undiscounted Future Operting Lease Payment	$ 6,100
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract	6 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract	3 years
Other Non-Current Assets [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 2,400

Leases (Components Of Lease Exp

Leases (Components Of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 586	$ 1,186
Short-term lease cost	16	31
Variable lease cost	84	157
Total lease cost	$ 686	$ 1,374

Leases (Maturities Of Operating

Leases (Maturities Of Operating Lease Liabilities) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2020	$ 1,309
2021	692
2022	565
2023	429
2024	221
2025 and thereafter
Total lease payments	3,216
Less imputed interest	(213)
Total operating lease liabilities	$ 3,003

Leases (Components Of Lease Rev

Leases (Components Of Lease Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Profit at lease commencement
Interest income on lease receivable	10,934	22,324
Lease revenue - sales-type and direct financing leases	10,934	22,324
Lease revenue - operating leases	61,146	122,462
Other revenue	3,100	5,905
Interest income on financing receivable	594	594
Total lease revenue	$ 75,774	$ 151,285

Leases (Future Minimum Rents Re

Leases (Future Minimum Rents Receivable Under Long-Term Non-Cancelable Operating Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Next Twelve Months	$ 161,298	$ 158,252
Lessor, Operating Lease, Payments to be Received, Two Years	139,138	129,740
Lessor, Operating Lease, Payments to be Received, Three Years	120,972	112,111
Lessor, Operating Lease, Payments to be Received, Four Years	93,681	96,964
Lessor, Operating Lease, Payments to be Received, Five Years	52,921	66,864
Lessor, Operating Lease, Payments to be Received, Thereafter	95,453	107,346
Total	$ 663,463	$ 671,277

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Mar. 29, 2019
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available borrowing capacity	$ 102.7
Revolving Credit Facility [Member] | Consortium of Banks [Member]
Debt Instrument [Line Items]
Available borrowing capacity	1,065
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		6 Months Ended
		Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Gross Debt, Current Outstanding		$ 318,001	$ 316,622
Gross Debt, Long-term Outstanding		1,838,975	1,862,757
Debt issuance costs, Current Outstanding		(4,937)	(5,241)
Debt issuance costs, Long-term Outstanding		(13,117)	(15,124)
Total Debt, Current Outstanding		313,064	311,381
Total Debt, Long-term Outstanding		1,825,858	1,847,633
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding		13,000	4,200
Gross Debt, Long-term Outstanding		$ 391,500	$ 301,000
Average Interest		3.90%	4.20%
Maturity		Jun. 1, 2023
Revolving Credit Facility [Member] | CAI Rail [Member]
Debt Instrument [Line Items]
Gross Debt, Long-term Outstanding	[1]	$ 189,500	$ 272,500
Average Interest	[1]	3.90%	4.20%
Maturity	[1]	Oct. 1, 2023
Revolving Credit Facility [Member] | CAI International GmbH [Member]
Debt Instrument [Line Items]
Gross Debt, Long-term Outstanding		$ 19,338	$ 19,457
Average Interest		2.00%	2.00%
Maturity		Sep. 1, 2020
Term Loan [Member] | Term Loan Due April 2023 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding		$ 1,800	$ 1,800
Gross Debt, Long-term Outstanding		$ 26,400	$ 27,300
Average Interest		4.60%	4.50%
Maturity		Apr. 1, 2023
Term Loan [Member] | Term Loan Due October 2019 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding		$ 107,250	$ 111,750
Average Interest		4.00%	3.80%
Maturity		Oct. 1, 2019
Term Loan [Member] | Term Loan Due June 2021 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding		$ 7,000	$ 7,000
Gross Debt, Long-term Outstanding		$ 72,000	$ 75,500
Average Interest		4.30%	4.00%
Maturity		Jun. 1, 2021
Term Loan [Member] | Term Loan Due December 2020 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	[1]	$ 1,262	$ 1,240
Gross Debt, Long-term Outstanding	[1]	$ 14,647	$ 15,284
Average Interest	[1]	3.40%	3.40%
Maturity	[1]	Dec. 1, 2020
Term Loan [Member] | Term Loan Due August 2021 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding	[1]	$ 2,962	$ 2,909
Gross Debt, Long-term Outstanding	[1]	$ 39,157	$ 40,651
Average Interest	[1]	3.60%	3.60%
Maturity	[1]	Aug. 1, 2021
Term Loan [Member] | Term Loan Due October 2023 [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding		$ 6,000	$ 6,000
Gross Debt, Long-term Outstanding		$ 89,500	$ 92,500
Average Interest		4.60%	4.60%
Maturity		Oct. 1, 2023
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		$ 32,939	$ 39,610
Gross Debt, Long-term Outstanding		$ 82,424	$ 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		$ 38,070	$ 41,066
Total Debt, Long-term Outstanding		116,311	67,615
Variable Interest Entity, Primary Beneficiary [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Gross Debt, Current Outstanding		5,131	$ 1,456
Gross Debt, Long-term Outstanding		$ 33,887
Average Interest		4.20%	3.30%
Maturity		Jun. 1, 2019
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		$ 39,900	$ 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		$ 62,975	$ 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		$ 177,149	$ 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		$ 267,490	$ 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		$ 283,388	$ 300,563
Average Interest		4.40%	4.40%
Maturity		Sep. 1, 2043
[1]	These facilities will be repaid upon the sale of the railcar assets.

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 28, 2019
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options available for grant	2,577,075		2,577,075
Vesting period of awards			4 years
Contractual term			10 years
Aggregate intrinsic value of options exercised			$ 1.2	$ 0.1
Closing price per share					$ 24.82
Stock-based compensation expense recorded	$ 0.2	$ 0.4	0.4	$ 0.8
Remaining unamortized stock-based compensation cost	0.8		$ 0.8
Stock-based compensation cost recognition period			1 year 4 months 24 days
Aggregate intrinsic value of options outstanding	$ 5.8		$ 5.8
Options granted, Number of Shares	0	0	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	$ 0.5	$ 0.4	$ 1.2	$ 0.6
Remaining unamortized stock-based compensation cost	$ 5.6		$ 5.6
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
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards			3 years
Stock-based compensation cost recognition period			3 years
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share authorized for issuance	250,000		250,000
Issuance of common stock	0

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan (Summary Of Stock Option Activities) (Details) - Stock Options [Member] - $ / shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 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	(125,504)	(9,393)
Options forfeited, Number of Shares	(3,000)
Options expired, Number of Shares	(10,000)
Options outstanding at end of period, Number of Shares	711,663	850,167
Options exercisable, Number of Shares	586,408	593,043
Options outstanding at beginning of period, Weighted Average Exercise Price	$ 16.46	$ 16.44
Options exercised, Weighted Average Exercise Price	14.14	14.76
Options forfeited, Weighted Average Exercise Price	12.88
Options expired, Weighted Average Exercise Price	26.41
Options outstanding at end of period, Weighted Average Exercise Price	16.75	16.46
Options exercisable, Weighted Average Exercise Price	$ 17.58	$ 17.71
Weighted average remaining term	5 years 10 months 24 days	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]	6 Months Ended
	Jun. 30, 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	166,939
Restricted stock and performance stock vested, Number of Shares of Restricted Stock | shares	(80,509)
Restricted stock and performance stock forfeited, Number of Shares of Restricted Stock | shares	(6,804)
Restricted stock and performance stock outstanding, Ending balance, Number of Shares of Restricted Stock | shares	284,356
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	25.37
Restricted stock and performance stock vested, Weighted Average Grant Date Fair Value | $ / shares	20.86
Restricted stock and performance stock forfeited, Weighted Average Grant Date Fair Value | $ / shares	21.52
Restricted stock and performance stock outstanding, Ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 23.20

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Taxes [Abstract]
Effective tax rate	5.60%	4.40%
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 Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financing receivable	$ 35,406
Carrying Amount [Member] | Fixed-Rate Term Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	153,500	$ 158,600
Carrying Amount [Member] | Collateralized Financing Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	115,400	107,200
Carrying Amount [Member] | Senior Secured Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	55,800	58,900
Carrying Amount [Member] | Asset Backed Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	965,400	1,032,700
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financing receivable	35,400
Fair Value [Member] | Fixed-Rate Term Loans [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	154,800
Fair Value [Member] | Collateralized Financing Obligations [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	117,300	108,900
Fair Value [Member] | Asset Backed Notes [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	972,500	1,024,700
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	$ 39,000	$ 1,500

Commitments And Contingencies (

Commitments And Contingencies (Details) $ in Millions	Jun. 30, 2019USD ($)
Containers [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Commitments to purchase rental equipment	$ 50.8
Railcar [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Commitments to purchase rental equipment	$ 6.1

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			2 Months Ended	3 Months Ended			6 Months Ended	12 Months Ended
	Aug. 31, 2018	Apr. 30, 2018	Mar. 31, 2018	Apr. 30, 2018	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 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								1,500,000
Repurchase of common stock					$ 20,172	$ 13,946	$ 27,946	$ 34,100
Shares remained available for repurchase					$ 1,000			$ 1,000
Preferred shares, par value					$ 0.0001			$ 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		170,900	1,600,000	170,900	2,199,610			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		$ 4,100	$ 38,300
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	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			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

Related Parties (Details)

Related Parties (Details)	1 Months Ended
	May 31, 2018$ / sharesshares
Related Parties [Abstract]
Shares of common stock cancelled | shares	1,225,214
Average price per share | $ / shares	$ 22.81
Discount percentage of closing price	2.00%

Segment And Geographic Inform_3

Segment And Geographic Information (Schedule Of Segment Information) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total revenue		$ 105,576	$ 96,586	$ 208,803	$ 182,856
Total operating expenses		69,566	60,065	138,021	114,226
Operating income		36,010	36,521	70,782	68,630
Net interest and other expenses (income)		20,140	15,023	40,083	28,342
Income before income taxes		15,870	21,498	30,699	40,288
Purchase of rental equipment	[1]	59,352	148,917	167,442	226,033
Operating Segments [Member] | Container Leasing [Member]
Segment Reporting Information [Line Items]
Total revenue		75,774	68,333	151,285	132,967
Total operating expenses		38,156	31,386	76,870	63,144
Operating income		37,618	36,947	74,415	69,823
Net interest and other expenses (income)		20,144	15,031	40,091	28,353
Income before income taxes		17,474	21,916	34,324	41,470
Purchase of rental equipment	[1]	59,352	148,917	167,442	226,033
Operating Segments [Member] | Logistics [Member]
Segment Reporting Information [Line Items]
Total revenue		29,802	28,253	57,518	49,889
Total operating expenses		31,410	28,679	61,151	51,082
Operating income		(1,608)	(426)	(3,633)	(1,193)
Net interest and other expenses (income)		(4)	(8)	(8)	(11)
Income before income taxes		$ (1,604)	$ (418)	$ (3,625)	$ (1,182)
[1]	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_4

Segment And Geographic Information (Summary Of Total Assets For Segments) (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	$ 2,984,890	$ 3,012,617
Goodwill		15,794	15,794
Assets held for sale		320,793	449,730
Operating Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,984,890	3,012,617
Operating Segments [Member] | Container Leasing [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,608,745	2,506,279
Operating Segments [Member] | Logistics [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[2]	44,994	45,951
Goodwill		15,800	15,800
Operating Segments [Member] | Rail [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[3]	$ 331,151	$ 460,387
[1]	Total assets at June 30, 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, $35,105 and $25,211; Net investment in direct finance leases, $9,959 and $13,862; and Rental equipment, net of accumulated depreciation, $113,995, and $71,958, respectively.
[2]	Includes goodwill of $15.8 million as of June 30, 2019 and December 31, 2018.
[3]	Represents total assets related to discontinued operations, including assets held for sale of $320.8 million and $449.7 million as of June 30, 2019 and December 31, 2018, respectively.

Segment And Geographic Inform_5

Segment And Geographic Information (Schedule Of Geographic Allocation Of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 105,576	$ 96,586	$ 208,803	$ 182,856
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	31,468	30,076	60,953	53,544
Switzerland [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	13,827	11,213	27,875	22,317
France [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	8,881	9,223	17,814	18,140
Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	10,684	6,813	20,554	13,220
Singapore [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	10,316	5,422	20,350	10,738
Other Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	14,667	17,746	29,975	33,780
Other Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	15,324	13,674	30,523	26,158
Other International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 409	$ 2,419	$ 759	$ 4,959

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities having antidilutive effect	146,116	161,870	126,184	161,163

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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income from continuing operations	$ 12,328	$ 19,503	$ 24,566	$ 37,361
Net loss from discontinued operations	(5,200)	(354)	(1,071)	(1,095)
Net income attributable to CAI common stockholders	$ 7,128	$ 19,149	$ 23,495	$ 36,266
Weighted-average shares used in per share computation - basic	17,648,000	19,613,000	18,098,000	20,013,000
Effect of dilutive securities: Stock options and restricted stock	278,000	230,000	303,000	245,000
Weighted-average shares used in per share computation - diluted	17,926,000	19,843,000	18,401,000	20,258,000
Continuing operations	$ 0.70	$ 1	$ 1.36	$ 1.86
Discontinued operations	(0.30)	(0.02)	(0.06)	(0.05)
Total basic	0.40	0.98	1.30	1.81
Continuing operations	0.69	0.99	1.34	1.84
Discontinued operations	(0.29)	(0.02)	(0.06)	(0.05)
Total diluted	$ 0.40	$ 0.97	$ 1.28	$ 1.79