Textainer Group Holdings Limited (TGH+A) 20-F 17 Mar 22 2021 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2021shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Trading Symbol	TGH
Entity Registrant Name	Textainer Group Holdings Limited
Entity Central Index Key	0001413159
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	48,831,855
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Shares, $0.01 par value
Security Exchange Name	NYSE
Entity File Number	001-33725
Entity Incorporation, State or Country Code	D0
Entity Address, Address Line One	Century House
Entity Address, Address Line Two	16 Par-La-Ville Road
Entity Address, City or Town	Hamilton
Entity Address, Country	BM
Entity Address, Postal Zip Code	HM 08
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
Document Accounting Standard	U.S. GAAP
Auditor Name	KPMG LLP
Auditor Location	San Francisco, California
Auditor Firm ID	185
Series A Preferred Shares
Document Information [Line Items]
Trading Symbol	TGH PRA
Title of 12(b) Security	7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preference Shares, $0.01 par value
Security Exchange Name	NYSE
Series B Preferred Shares
Document Information [Line Items]
Trading Symbol	TGH PRB
Title of 12(b) Security	6.25% Series B Fixed Rate Cumulative Redeemable Perpetual Preference Shares, $0.01 par value
Security Exchange Name	NYSE
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	Textainer Group Holdings Limited
Entity Address, Address Line Two	Century House
Entity Address, City or Town	Hamilton
Entity Address, Country	BM
Entity Address, Postal Zip Code	HM 08
Contact Personnel Name	Adam Hopkin
Entity Address, Address Line Three	16 Par-La-Ville Road
City Area Code	441
Local Phone Number	296-2500
Contact Personnel Email Address	ahh@textainer.com

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Revenues:
Lease rental income		$ 750,730,000	$ 600,873,000		$ 619,760,000
Trading container margin		10,760,000	3,532,000		7,398,000
Gain on sale of owned fleet containers, net		67,229,000	27,230,000		21,397,000
Operating expenses:
Depreciation expense		281,575,000	261,665,000		260,372,000
Amortization expense		2,540,000	2,572,000		2,093,000
General and administrative expense		46,462,000	41,880,000		38,142,000
Bad debt (recovery) expense, net		(1,285,000)	(1,668,000)		2,002,000
Container lessee default (recovery) expense, net		(1,088,000)	(1,675,000)		7,867,000
Gain on insurance recovery and legal settlement					(14,881,000)
Gain on settlement of pre-existing management agreement					(1,823,000)
Total operating expenses		401,948,000	415,307,000		433,461,000
Income from operations		430,131,000	221,599,000		222,684,000
Other (expense) income:
Interest expense		(127,269,000)	(123,230,000)		(153,185,000)
Debt termination expense	[1]	(15,209,000)	(8,750,000)
Interest income		123,000	531,000		2,505,000
Realized (loss) gain on financial instruments, net		(5,634,000)	(12,295,000)		1,946,000
Unrealized gain (loss) on financial instruments, net		4,409,000	(6,044,000)		(15,442,000)
Other, net		(490,000)	1,488,000		(4,000)
Net other expense		(144,070,000)	(148,300,000)		(164,180,000)
Income before income taxes		286,061,000	73,299,000	[2]	58,504,000
Income tax (expense) benefit		(1,773,000)	374,000		(1,948,000)
Net income		284,288,000	73,673,000		56,556,000
Less: Dividends on preferred shares		10,829,000
Less: Net income (loss) attributable to the noncontrolling interest		0	851,000		(168,000)
Net income attributable to common shareholders		$ 273,459,000	$ 72,822,000		$ 56,724,000
Net income attributable to common shareholders per share:
Basic		$ 5.51	$ 1.37		$ 0.99
Diluted		$ 5.41	$ 1.36		$ 0.99
Weighted average shares outstanding (in thousands):
Basic		49,624	53,271		57,349
Diluted		50,576	53,481		57,459
Owned Fleet
Revenues:
Lease rental income		$ 694,693,000	$ 538,425,000		$ 517,859,000
Operating expenses:
Direct container expense - owned fleet		23,384,000	55,222,000		45,831,000
Managed Fleet
Revenues:
Lease rental income		56,037,000	62,448,000		101,901,000
Operating expenses:
Distribution expense to managed fleet container investors		50,360,000	57,311,000		93,858,000
Management Fees - Non-Leasing
Revenues:
Revenue		3,360,000	5,271,000		7,590,000
Trading Containers
Revenues:
Revenue		32,045,000	31,941,000		58,734,000
Cost of trading containers sold		$ (21,285,000)	$ (28,409,000)		$ (51,336,000)
[1]	Amounts for the years ended December 31, 2020 and 2019 have been reclassified to conform with the 2021 presentation (see Note 1 (w) “Reclassifications and Changes in Presentation”).
[2]	(1) Container Ownership segment income (loss) before income tax and noncontrolling interests includes unrealized gain (loss) on financial instruments, net of $4,409, $(6,044) and $(15,442) for the years ended December 31, 2021, 2020 and 2019, respectively, and debt termination expense of $15,209, $8,750 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net income	$ 284,288	$ 73,673	$ 56,556
Other comprehensive income (loss), before tax:
Change in derivative instruments designated as cash flow hedges	10,986	(12,307)	(110)
Reclassification of realized loss (gain) on derivative instruments designated as cash flow hedges	8,771	2,806	(7)
Foreign currency translation adjustments	(79)	177	42
Comprehensive income, before tax	303,966	64,349	56,481
Income tax (expense) benefit related to items of other comprehensive income	(184)	91
Comprehensive income, after tax	303,782	64,440	56,481
Less: Dividends on preferred shares	10,829
Less: Comprehensive income (loss) attributable to the noncontrolling interest		851	(168)
Comprehensive income attributable to common shareholders	$ 292,953	$ 63,589	$ 56,649

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents		$ 206,210,000	$ 131,018,000
Accounts receivable, net of allowance of $1,290 and $2,663, respectively		125,746,000	108,578,000
Net investment in finance leases, net of allowance of $100 and $169, respectively		113,048,000	78,459,000
Container leaseback financing receivable, net of allowance of $38 and $98, respectively		30,317,000	27,076,000
Trading containers		12,740,000	9,375,000
Containers held for sale		7,007,000	15,629,000
Prepaid expenses and other current assets		14,184,000	13,713,000
Due from affiliates, net		2,376,000	1,509,000
Total current assets		511,628,000	385,357,000
Restricted cash		76,362,000	74,147,000
Marketable securities		2,866,000
Containers, net of accumulated depreciation of $1,851,664 and $1,619,591, respectively		4,731,878,000	4,125,052,000
Net investment in finance leases, net of allowance of $643 and $1,164, respectively		1,693,042,000	801,501,000
Container leaseback financing receivable, net of allowance of $75 and $326, respectively		323,830,000	336,792,000
Derivative instruments		12,278,000	47,000
Deferred taxes		1,073,000	1,153,000
Other assets	[1]	14,487,000	17,327,000
Total assets		7,367,444,000	5,741,376,000
Current liabilities:
Accounts payable and accrued expenses		22,111,000	24,385,000
Container contracts payable		140,968,000	231,647,000
Other liabilities		4,895,000	2,288,000
Due to container investors, net		17,985,000	18,697,000
Debt, net of unamortized costs of $8,624 and $8,043, respectively		380,207,000	408,365,000
Total current liabilities		566,166,000	685,382,000
Debt, net of unamortized costs of $32,019 and $18,639, respectively		4,960,313,000	3,706,979,000
Derivative instruments		2,139,000	29,235,000
Income tax payable		10,747,000	10,047,000
Deferred taxes		7,589,000	6,491,000
Other liabilities		39,236,000	16,524,000
Total liabilities		5,586,190,000	4,454,658,000
Textainer Group Holdings Limited shareholders' equity:
Common shares, $0.01 par value. Authorized 140,000,000 shares; 59,503,710 shares issued and 48,831,855 shares outstanding at 2021; 58,740,919 shares issued and 50,495,789 shares outstanding at 2020		595,000	587,000
Treasury shares, at cost, 10,671,855 and 8,245,130 shares, respectively		(158,459,000)	(86,239,000)
Additional paid-in capital		428,945,000	416,609,000
Accumulated other comprehensive income (loss)		9,750,000	(9,744,000)
Retained earnings		1,200,423,000	938,395,000
Total Textainer Group Holdings Limited shareholders’ equity		1,781,254,000	1,259,608,000
Noncontrolling interest		0	27,110,000
Total equity		1,781,254,000	1,286,718,000
Total liabilities and equity		7,367,444,000	$ 5,741,376,000
Series A Preferred Shares
Textainer Group Holdings Limited shareholders' equity:
Preferred shares		150,000,000
Series B Preferred Shares
Textainer Group Holdings Limited shareholders' equity:
Preferred shares		$ 150,000,000
[1]	Amount for the year ended December 31, 2020 has been reclassified to conform with the 2021 presentation (see Note 1 (w) “Reclassifications and Changes in Presentation”).

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable, allowance	$ 1,290	$ 2,663
Net investment in finance leases, allowance current	100	169
Container leaseback financing receivable, allowance current	38	98
Containers, accumulated depreciation	1,851,664	1,619,591
Net investment in finance leases, allowance non current	643	1,164
Container leaseback financing receivable, allowance non current	75	326
Debt, net of unamortized costs current	8,624	8,043
Debt, net of unamortized costs non current	$ 32,019	$ 18,639
Common shares, par value	$ 0.01	$ 0.01
Common shares, Authorized	140,000,000	140,000,000
Common shares, issued	59,503,710	58,740,919
Common shares, outstanding	48,831,855	50,495,789
Treasury shares, at cost, shares	10,671,855	8,245,130
Series A Preferred Shares
Fixed-to-floating rate of cumulative redeemable perpetual preference shares	7.00%
Preferred stock shares, par value	$ 0.01
Preferred stock shares, liquidation preference per share	$ 25,000
Preferred stock shares, Authorized	10,000,000
Preferred stock shares, issued	6,000
Preferred stock shares, outstanding	6,000
Depositary shares issued	6,000,000
Depositary per share equivalent to liquidation preference per share	$ 25
Series B Preferred Shares
Fixed-to-floating rate of cumulative redeemable perpetual preference shares	6.25%
Preferred stock shares, issued	6,000
Preferred stock shares, outstanding	6,000
Depositary shares issued	6,000,000
Depositary per share equivalent to liquidation preference per share	$ 25

Consolidated Statements Of Shar

Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect Period of Adoption Adjustment	Preferred shares	Common shares	Treasury shares	Additional Paid-in capital	Accumulated other comprehensive (loss) income	Retained earnings	Retained earningsCumulative Effect Period of Adoption Adjustment	Total Textainer Group Holdings Limited shareholders' equity	Total Textainer Group Holdings Limited shareholders' equityCumulative Effect Period of Adoption Adjustment	Noncontrolling interest	Noncontrolling interestCumulative Effect Period of Adoption Adjustment
Beginning Balances at Dec. 31, 2018	$ 1,235,991			$ 581	$ (9,149)	$ 406,083	$ (436)	$ 809,734		$ 1,206,813		$ 29,178
Beginning Balances (in shares) at Dec. 31, 2018				58,032,164	(630,000)
Dividends paid to noncontrolling interest	(2,744)											(2,744)
Purchase of treasury shares	(8,597)				$ (8,597)					(8,597)
Purchase of treasury shares (in shares)					(878,637)
Restricted share units vested				$ 2		(2)
Restricted share units vested (in shares)				281,377
Exercise of share options	$ 126					126				126
Exercise of share options (in shares)	13,014			13,014
Share-based compensation expense	$ 4,388					4,388				4,388
Net income	56,556							56,724		56,724		(168)
Other comprehensive income (loss):
Change in derivative instruments designated as cash flow hedges	(110)						(110)			(110)
Reclassification of realized gain on derivative instruments designated as cash flow hedges	(7)						(7)			(7)
Foreign currency translation adjustments	42						42			42
Total other comprehensive income (loss)	(75)
Ending Balances at Dec. 31, 2019	1,285,645			$ 583	$ (17,746)	410,595	(511)	866,458		1,259,379		26,266
Ending Balances (ASU 2016-13) at Dec. 31, 2019		$ (892)							$ (885)		$ (885)		$ (7)
Ending Balances (in shares) at Dec. 31, 2019				58,326,555	(1,508,637)
Purchase of treasury shares	$ (68,493)				$ (68,493)					(68,493)
Purchase of treasury shares (in shares)	(6,736,493)				(6,736,493)
Restricted share units vested				$ 3		(3)
Restricted share units vested (in shares)				300,404
Exercise of share options	$ 1,295			$ 1		1,294				1,295
Exercise of share options (in shares)	113,960			113,960
Share-based compensation expense	$ 4,723					4,723				4,723
Net income	73,673							72,822		72,822		851
Other comprehensive income (loss):
Change in derivative instruments designated as cash flow hedges	(12,307)						(12,307)			(12,307)
Reclassification of realized gain on derivative instruments designated as cash flow hedges	2,806						2,806			2,806
Foreign currency translation adjustments	177						177			177
Income tax benefit related to items of other comprehensive loss	91						91			91
Total other comprehensive income (loss)	(9,233)
Ending Balances at Dec. 31, 2020	1,286,718			$ 587	$ (86,239)	416,609	(9,744)	938,395		1,259,608		27,110
Ending Balances (in shares) at Dec. 31, 2020				58,740,919	(8,245,130)
Purchase of treasury shares	$ (72,220)				$ (72,220)					(72,220)
Purchase of treasury shares (in shares)	(2,426,725)				(2,426,725)
Issuance of preferred shares, net of offering expenses	$ 289,580		$ 300,000			(10,420)				289,580
Issuance of preferred shares, net of offering expenses (in shares)			12,000
Restricted share units vested				$ 3		(3)
Restricted share units vested (in shares)				285,688
Exercise of share options	$ 9,043			$ 5		9,038				9,043
Exercise of share options (in shares)	477,103			477,103
Share-based compensation expense	$ 6,699					6,699				6,699
Purchase of noncontrolling interest	(20,088)					7,022				7,022		$ (27,110)
Preferred shares dividends declared	(9,975)							(9,975)		(9,975)
Dividends declared to common shareholders ($0.25per common share)	(12,285)							(12,285)		(12,285)
Net income	284,288							284,288		284,288
Other comprehensive income (loss):
Change in derivative instruments designated as cash flow hedges	10,986						10,986			10,986
Reclassification of realized gain on derivative instruments designated as cash flow hedges	8,771						8,771			8,771
Foreign currency translation adjustments	(79)						(79)			(79)
Income tax benefit related to items of other comprehensive loss	(184)						(184)			(184)
Total other comprehensive income (loss)	19,494
Ending Balances at Dec. 31, 2021	$ 1,781,254		$ 300,000	$ 595	$ (158,459)	$ 428,945	$ 9,750	$ 1,200,423		$ 1,781,254
Ending Balances (in shares) at Dec. 31, 2021			12,000	59,503,710	(10,671,855)

Consolidated Statements Of Sh_2

Consolidated Statements Of Shareholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2021$ / shares
Statement Of Stockholders Equity [Abstract]
Common stock, dividends, per share, declared	$ 0.25

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income		$ 284,288	$ 73,673	$ 56,556
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense		281,575	261,665	260,372
Bad debt (recovery) expense, net		(1,285)	(1,668)	2,002
Container (recovery) write-off from lessee default, net		(4,868)	(260)	7,179
Unrealized (gain) loss on financial instruments, net		(4,409)	6,044	15,442
Amortization of unamortized debt issuance costs and accretion of bond discounts	[1]	9,845	8,112	7,953
Debt termination expense	[1]	15,209	8,750
Amortization of intangible assets		2,540	2,572	2,093
Gain on sale of owned fleet containers, net		(67,229)	(27,230)	(21,397)
Gain on settlement of pre-existing management agreement				(1,823)
Share-based compensation expense		6,699	4,723	4,388
Decrease (increase) in:
Accounts receivable, net		(6,686)	11,539	25,530
Trading containers, net		(1,911)	7,211	19,549
Receipt of payments on finance leases, net of income earned		104,770	44,569	49,796
Interest portion of container leaseback financing receivable		122	(933)	(2,286)
Prepaid expenses and other current assets		(2,577)	1,103	8,693
Due from affiliates, net		(867)	371	(39)
Receipt of marketable securities from a lessee		(5,789)
Proceeds from sale of marketable securities		2,112
Other assets		1,139	502	(10,000)
Increase (decrease) in:
Accounts payable and accrued expenses		(2,350)	981	(4,363)
Other liabilities		14,823	(1,354)	13,519
Due to container investors, net		(712)	(3,281)	(6,407)
Settlement of interest rate swaps		(14,350)
Long-term income tax payable		700	138	339
Deferred taxes, net		994	(972)	1,449
Total adjustments		327,495	322,582	371,989
Net cash provided by operating activities		611,783	396,255	428,545
Cash flows from investing activities:
Purchase of containers and fixed assets		(2,083,819)	(746,145)	(466,993)
Payments on container leaseback financing receivable		(18,705)	(116,263)	(281,445)
Payment for Leased Assets Pool Company Limited, net of cash acquired				(171,841)
Proceeds from sale of containers and fixed assets		142,276	151,021	150,742
Receipt of principal payments on container leaseback financing receivable		30,119	21,485	7,745
Net cash used in investing activities		(1,930,129)	(689,902)	(761,792)
Cash flows from financing activities:
Proceeds from debt		4,863,756	2,114,260	1,439,223
Payments on debt		(3,635,663)	(1,799,870)	(1,049,857)
Payment of debt issuance costs		(27,895)	(13,637)	(9,417)
Proceeds from container leaseback financing liability, net		16,305		17,448
Principal repayments on container leaseback financing liability, net		(3,314)	(12,825)
Issuance of preferred shares, net of underwriting discount		290,550
Purchase of treasury shares		(72,220)	(68,493)	(8,597)
Issuance of common shares upon exercise of share options		9,043	1,295	126
Dividends paid on common shares		(12,285)
Dividends paid on preferred shares		(9,975)
Dividends paid to noncontrolling interest				(2,744)
Purchase of noncontrolling interest		(21,500)
Other		(970)
Net cash provided by financing activities		1,395,832	220,730	386,182
Effect of exchange rate changes		(79)	177	42
Net increase (decrease) in cash, cash equivalents and restricted cash		77,407	(72,740)	52,977
Cash, cash equivalents and restricted cash, beginning of the year		205,165	277,905	224,928
Cash, cash equivalents and restricted cash, end of the year		282,572	205,165	277,905
Supplemental disclosures of cash flow information:
Cash paid for interest expense and realized (loss) gain on derivative instruments, net		145,711	126,958	142,248
Net income taxes paid		1,567	34	42
Supplemental disclosures of noncash operating activities:
Right-of-use asset for leased properties		272	574	11,276
Supplemental disclosures of noncash investing activities:
(Decrease) increase in accrued container purchases		(90,679)	222,253	(33,316)
Containers placed in finance leases		$ 1,043,323	$ 635,004	$ 173,856
[1]	Amounts for the years ended December 31, 2020 and 2019 have been reclassified to conform with the 2021 presentation (see Note 1 (w) “Reclassifications and Changes in Presentation”).

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of Business and Summary of Significant Accounting Policies	(1) Nature of Business and Summary of Significant Accounting Policies (a) Nature of Operations Textainer Group Holdings Limited (“TGH”) is incorporated in Bermuda. TGH is the holding company of a group of companies, consisting of TGH and its subsidiaries (collectively, the “Company”), involved in the purchase, management, leasing and resale of a fleet of marine cargo containers. The Company also manages and provides administrative support to the third-party owners’ (the “Container Investors”) container fleets. The Company conducts its business activities in three main areas: Container Ownership, Container Management and Container Resale. These activities are described below (also see Note 10 “Segment Information”). Container Ownership The Company’s containers consist primarily of standard dry freight containers, but also include refrigerated and other special-purpose containers. These owned containers are financed through retained earnings; revolving credit facilities, secured debt facilities and a term loan provided by banks; bonds payable to investors; and a public offering of TGH’s common and preferred shares. Expenses related to lease rental income of the owned fleet primarily include direct container expenses, depreciation expense and interest expense. Container Management The Company manages, on a worldwide basis, a fleet of containers for and on behalf of the Container Investors. All rental operations are conducted worldwide in the name of the Company who, as agent for the Container Investors, acquires and sells containers, enters into leasing agreements and depot service agreements, bills and collects lease rentals from the lessees, disburses funds to depots for container handling, and remits net amounts, less management fees and commissions, to the Container Investors. Fees earned by the Company under the management agreements are typically a percentage of net operating income of each Container Investor’s fleet and consist of fees for leasing services related to the management of the containers, sales commissions and net acquisition fees earned on the acquisition of containers. Lease rental income and expenses arising from the operation of the managed fleet are presented on a gross basis, whereby revenue billed to shipping lines and expenses incurred and distributions to the container investors of the managed fleet are presented in the Company’s consolidated statements of operations. Accounts receivable and vendor payables arising from direct container operations of the managed containers are presented on a gross basis in the Company’s consolidated balance sheets. See Note 3 “Managed Container Fleet” for information on the managed fleet containers. Container Resale The Company buys and subsequently resells containers (trading containers) from third parties. Container sales revenue represents the proceeds on the sale of containers purchased for resale. Cost of containers sold represents the cost of equipment purchased for resale that were sold as well as the related selling costs. The Company earns sales commissions related to the sale of the containers that it manages. (b) Principles of Consolidation and Variable Interest Entity The consolidated financial statements of the Company include TGH and all of its subsidiaries in which the Company has a controlling financial interest. All significant intercompany accounts and balances have been eliminated in consolidation. The Company determines whether it has a controlling financial interest in an entity by evaluating whether the entity is a variable interest entity (“VIE”) or a voting interest entity (“VME”). If it is determined that the Company does not have a variable interest in the entity, no further analysis is required, and the Company does not consolidate the entity. TAP Funding TAP Funding Ltd. (“TAP Funding”) (a Bermuda company) was a joint venture between the Company’s wholly-owned subsidiary, Textainer Limited (“TL”) (a Bermuda company) and TAP Ltd. (“TAP”) in which TL owned 50.1%, TAP owned 49.9% of the common shares of TAP Funding, and TAP Funding was a VME. The Company consolidated TAP Funding as the Company had a controlling financial interest in TAP Funding. In January 2021, the Company completed the acquisition of 49.9% of the common shares of TAP Funding from TAP for a total purchase price consideration of $21,500. After the acquisition of the noncontrolling interest (“NCI”), the Company owned 100% of TAP Funding and TAP Funding became a wholly-owned subsidiary of the Company. The Company accounted for this equity transaction as a reduction in the related NCI, and the difference between the carrying value of the NCI on January 1, 2021, and the cash consideration was recognized as an increase in additional paid-in capital (“APIC”) of $7,022. Prior to the Company’s dissolution of TAP Funding in May 2021, TAP Funding’s assets and liabilities were transferred to TL. Prior to the acquisition of the NCI, the equity owned by TAP in TAP Funding was shown as NCI on the Company’s consolidated balance sheet as of December 31, 2020 and the net income was shown as net income attributable to the NCI on the Company’s consolidated statements of operations for the years ended December 31, 2020 and 2019. After the capital restructuring, there is no NCI in TAP Funding on the Company’s consolidated balance sheet as of December 31, 2021 and there is no net income attributable to the NCI on the Company’s consolidated statements of operations for the year ended December 31, 2021. Leased Assets Pool Company Limited On December 31, 2019, the Company completed the acquisition of Leased Assets Pool Company Limited (“LAPCO”) (a Bermuda company) from Trencor Limited As a result of the LAPCO acquisition , the management agreement between the Company and LAPCO was terminated and effectively settled the pre-existing contractual relationship at acquisition date. Under the terms of the management agreement, the Company previously managed a substantial portion of LAPCO’s container fleet. Because the terms of the pre-existing management agreement were determined to be favorable to the Company compared to current market terms for similar arrangements, a portion of the excess of the fair value of the net assets acquired over the purchase consideration was deemed to be applicable to the effective settlement of the management agreement. Therefore, a gain of $1,823 was recorded on the acquisition date in the consolidated statements of operations as “gain on settlement of pre-existing management agreement” during the year ended December 31, 2019. Prior to the Company’s dissolution of LAPCO in February 2021, LAPCO’s assets and liabilities were transferred to TL. Managed Containers The Company enters into container management agreements with Container Investors. The fees earned by the Company for managing container portfolios on behalf of Container Investors are commensurate with the level of effort required to provide those management services and the Company does not have the obligation to absorb losses or the right to receive benefits that may be significant to the Container Investors. As such, the Company is not the primary beneficiary and does not consolidate the Container Investors. Managed containers which are owned by Container Investors are not assets of the Company and are not included in the consolidated financial statements, except for certain managed containers that the Company is deemed to own with associated container leaseback financial liability of the Company in accordance with Topic 842, Leases Owned Containers The majority of the container equipment included in the accompanying consolidated financial statements is owned by TL, Textainer Marine Containers II Limited (“TMCL II”) and Textainer Marine Containers VII Limited (“TMCL V II ”), all Bermuda companies and all of which were wholly-owned subsidiaries of the Company as of December 31, 20 2 1 and 20 20 . All owned containers are pledged as collateral for debt as of December 31, 20 2 1 and 20 20 . (c) Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents are comprised of interest-bearing deposits or money market securities with original maturities of three months or less. The Company maintains cash and cash equivalents and restricted cash (see Note 11 “Commitments and Contingencies—Restricted Cash”) with various financial institutions. These financial institutions are located in Bermuda, Canada, Hong Kong, Malaysia, Singapore, South Africa, the United Kingdom and the United States. A significant portion of the Company’s cash and cash equivalents and restricted cash is maintained with a small number of banks and, accordingly, the Company is exposed to the credit risk of these counterparties in respect of the Company’s cash and cash equivalents and restricted cash. Furthermore, the deposits maintained at some of these financial institutions exceed the amount of insurance provided on the deposits. Restricted cash is excluded from cash and cash equivalents and is included in long-term assets reported within the consolidated balance sheets. (d) Intangible Assets Intangible assets, consisting primarily of exclusive rights to manage container fleets, are amortized over the expected life of the contracts based on forecasted income to the Company. The contract terms range from 11 to 13 years. The Company reviews its intangible assets for impairment if events and circumstances indicate that the carrying amount of the intangible assets may not be recoverable. The Company compares the carrying value of the intangible assets to expected future undiscounted cash flows for the purpose of assessing the recoverability of the recorded amounts. If the carrying amount exceeds expected undiscounted cash flows, the intangible assets shall be reduced to their fair value. As of December 31, 2021 and 2020, intangible assets amounted to $178 and $2,719, respectively, net of accumulated amortization of $42,002 and $47,931, respectively, which were included in “other assets” in the consolidated balance sheets. The Company recorded a write-off of intangible assets amounting to $551 and $0 during the years ended December 31, 2021 and 2020, respectively, for the management rights relinquished relating to the Company’s purchase of containers previously managed for a container investor. As of December 31, 2021, the aggregate future amortization of intangible assets of $178 is expected to amortize through 2022. (e) Revenue Recognition The components of the Company’s revenue as presented in the consolidated statements of operations and in Note 10 “Segment Information” are as follows: Lease Rental Income Lease rental income arises principally from leasing containers to various international shipping lines and includes all rental charges billed to the lessees. Lease rental income - owned fleet comprises rental income for the container fleet owned by the Company. Lease rental income - managed fleet comprises rental income for the container fleet owned by the Container Investors. For lease accounting purposes, the management agreements with these Container Investors are deemed to convey to the Company the right to control the use of the managed containers and are therefore accounted for as “lease rental income - managed fleet” as reported in the consolidated statements of operations (see Note 3 “Managed Container Fleet” for further information). Revenue is recorded when earned according to the terms of the container rental contracts with customers. Revenue is earned and recognized evenly over the period that the equipment is on lease. These contracts are typically for terms of five or more years and are generally classified as operating leases. Where minimum lease payments vary over the lease term, revenue is recognized on a straight-line basis over the term of the lease. Lease rental income comprises daily per diem rental charges due under the lease agreements, together with payments for other charges set forth in the leases, such as handling fees, drop-off charges, pick-up charges, and charges for a damage protection plan. Under long-term lease agreements, containers are usually leased from the Company for periods of five or more years. Under master lease agreements, the lessee is not committed to leasing a minimum number of containers from the Company during the lease term and may generally return the containers to the Company at any time, subject to certain restrictions in the lease agreement. Under long-term lease and master lease agreements, revenue is earned and recognized evenly over the period that the equipment is on lease. Under finance leases, the containers are usually leased from the Company for the remainder of the container’s useful life and ordinarily provide lessees with a right to purchase the subject containers for a nominal amount at the end of the lease term. Finance lease income is recognized using the effective interest method, which generates a constant rate of interest over the period of the lease. Under sales-type leaseback arrangements that are accounted for as financing transactions, payments made by the customers are recorded as a reduction to the container leaseback financing receivable and as interest income. Interest income is recognized using the effective interest method, which generates a constant rate of interest over the period of the arrangement. The Company’s container leases generally do not include step-rent provisions, nor do they depend on indices or rates. The Company recognizes revenue on container leases that include lease concessions in the form of free-rent periods using the straight-line method over the minimum terms of the leases. The Company will cease recognition of lease revenue if and when a container lessee defaults in making timely payments and when determined that future lease payments are not likely to be collected from the lessee (s ee Management Fees - Non-leasing Under the Company’s management service agreements with Container Investors, fees are earned for the acquisition and sale of containers under management (see Note 3 “Managed Container Fleet” for further information). Acquisition fees from purchases of containers for managed fleet are deferred and recognized as earned on a straight-line basis over the deemed lease term. Trading Container Margin The Company’s trading container sales proceeds arise from the resale of new and used containers to a wide variety of buyers. The related expenses represent the cost of trading containers sold as well as other selling costs that are recognized as incurred. Revenue (f) Allowance for Credit Losses Accounts receivable, net investment in finance leases and container leaseback financing receivable are stated at amortized cost net of allowance for credit losses. Subsequent changes in the estimated allowance for credit losses are recognized in “bad debt (recovery) expense, net” in the consolidated statements of operations (see Note 6 “Allowance for Credit Losses” for further information). Accounts Receivables The Company maintains allowances, if necessary, for doubtful accounts against accounts receivables resulting from the inability of its lessees to make required payments related to billed amounts under the operating leases, finance leases, container leaseback financing receivable and for sales of owned fleet containers and trading containers. The allowance is developed based on two components: (1) specific reserves for receivables for which management believes full collection is doubtful; and (2) a general reserve for estimated losses inherent in the receivables based upon historical trends and age of the balances. These allowances are based on an ongoing review of the credit worthiness, but not limited to, each lessee’s payment history, management’s current assessment of the financial condition of the Company’s lessees , their ability to make their required payments and the recoverability . The Company considers an account past due when a payment has not been received in accordance with the terms of the lease agreement, and i f the financial condition of the Company’s lessees deteriorates resulting in an impairment of their ability to make payments, additional allowances may be required. Accounts receivables are generally written off after an analysis is completed which indicates that collection of the full balance is remote. Changes in economic conditions or other events may necessitate additions or deductions to the allowance for doubtful accounts. The allowance is intended to provide for losses inherent in the owned and managed fleet’s accounts receivable and requires the application of estimates and judgments as to the outcome of collection efforts and the realization of collateral, among other things. Net Investment in Finance Leases and Container Leaseback Financing Receivables The Company maintains allowances for credit losses against net investment in finance leases and container leaseback financing receivable related to unbilled amounts under the finance leases and the sales-type leaseback arrangements accounted for as financing receivable. The Company estimates its potential future expected credit losses based on historical losses from lessee defaults, current economic conditions and reasonable and supportable forecasts that may affect the collectability of the reported amount. The Company monitors its container lessees’ performance and its lease exposures on an ongoing basis. The Company evaluates its exposure by portfolio with similar risk characteristics based on the creditworthiness, external credit data and overall credit quality of its lessees. The Company’s internal risk rating categories are “Tier 1” for the lowest level of risk which are typically the large international shipping lines with strong financial and asset base; “Tier 2” for moderate level of risk which includes lessees which are well-established in the market; and “Tier 3” for the highest level of risk which includes smaller shipping lines or lessees that exhibit high volatility in payments on a regular basis. (g) Direct Container Expense Direct container expense – owned fleet represents the operating costs arising from the containers owned by the Company and includes storage, handling, maintenance and repair, repositioning, agent, and insurance expense. These costs are recognized when incurred. ( h ) Distribution Expense to Managed Fleet Container Investors The Company’s distribution amounts to Container Investors for the managed fleet includes the net operating income of each Container Investor’s fleet, reduced by associated lease management fees earned and retained by the Company. This amount is also reduced by expenses related to the operation of the managed containers which are presented on a gross basis in the consolidated statements of operations. Expenses related to the operation of the managed containers such as storage, handling, repairs, repositioning, agent, insurance expense and general and administrative expenses are recognized when incurred. ( i ) Trading Containers and Containers Held for Resale The Company, through one or more of its subsidiaries, buys trading containers for resale, which are valued at the lower of cost or fair value. The cost of trading containers sold is specifically identified. In addition, containers identified as being available for sale are valued at the lower of carrying value or fair value, less cost to sell. The fair value is estimated based on recent gross sales proceeds for sales of similar containers. Trading containers and containers held for resale are not subject to depreciation. ( j ) Foreign Currencies A functional currency is determined for each of the Company’s entities based on the currency of the primary economic environment in which the entity operates. The Company’s functional currency is the U.S. dollar, excluding its foreign subsidiaries Textainer Equipment Management (United Kingdom) Limited and Textainer Equipment Management (Singapore) Pte Ltd . Assets and liabilities denominated in a currency other than the entity’s functional currency are re-measured into its functional currency at the balance sheet date with a gain or loss recognized in current year net income. Foreign currency exchange gains or losses that arise from exchange rate changes on transactions denominated in a foreign currency are recognized in net income as incurred. Foreign currency exchange losses , reported in “ direct container expense – owned fleet ” in the consolidated statements of operations were $ 195 , $ 251 , and $ 393 for the years ended December 31, 202 1 , 20 20 and 201 9 , respectively. For consolidation purposes, the financial statements are translated into U.S. dollars using the current exchange rate for the assets and liabilities and a weighted average exchange rate for the revenues and expenses recorded during the year with any translation adjustment shown as an element of accumulated other comprehensive income . The Company also has certain cash accounts that are denominated in currencies other than the Company's functional currency, which are remeasured at each balance sheet date at the exchange rates in effect as of those dates. The gains (losses) due to changes in exchange rates from remeasurement were $(524), $654 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively, which were included in “other, net” in the consolidated statements of operations. ( k ) Fixed Assets and Capitalized Implementation Costs Fixed assets are recorded at cost and depreciated on a straight-line basis over the estimated useful lives of such property, furniture and equipment, ranging from three to seven years. Expenditures for maintenance and repairs are expensed as they are incurred. As of December 31, 2021 and 2020, fixed assets amounted to $1,585 and $746, respectively, net of accumulated depreciation of $13,296 and $12,918, respectively, which were included in “other assets” in the consolidated balance sheets. Implementation costs associated with cloud based hosting arrangement that is a service contract are capitalized when incurred during the application development phase. As of December 31, 2021 and 2020, the Company’s capitalized implementation costs amounting to $8,767 and $4,212, respectively, were included in “prepaid expenses and other current assets” in the Company’s consolidated balance sheets. Amortization of the capitalized implementation costs will commence in 2022 when the hosting arrangement is ready for its intended use and will be amortized on a straight-line basis over seven years which is the term of the hosting arrangement, including reasonably certain renewals. ( l ) Containers Capitalized container costs include the container cost payable to the manufacturer and the associated transportation costs incurred in moving the Company’s containers from the manufacturer to the containers’ first destined port. Containers are depreciated using the straight-line method over their estimated useful lives to an estimated dollar residual value. Used containers are depreciated based upon their remaining useful lives at the date of acquisition to an estimated dollar residual value. The Company evaluates the estimated residual values and remaining estimated useful lives on a regular basis to determine whether a change in its estimates of useful lives and residual values is warranted. To perform this assessment, the Company analyzed sales data over a minimum of a ten-year The Company estimates the useful lives and residual values of its containers to be as follows: As of December 31, 2021 and 2020 Estimated Residual life (years) Value Dry containers other than open top and flat rack containers: 20' 13 $ 1,000 40' 14 $ 1,200 40' high cube 13 $ 1,400 45' high cube 13 $ 1,500 Refrigerated containers: 20' 12 $ 2,750 20' high cube 12 $ 2,049 40' high cube 12 $ 4,000 Open top and flat rack containers: 20' folding flat rack 15 $ 1,300 40' folding flat rack 16 $ 1,700 20' open top 15 $ 1,500 40' open top 14 $ 2,500 Tank containers 20 10% of cost The cost, accumulated depreciation and net book value of the Company’s container leasing equipment by equipment type as of December 31, 2021 and 2020 were as follows: 2021 2020 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Dry containers other than open top and flat rack containers: 20' $ 1,530,464 $ (471,549 ) $ 1,058,915 $ 1,532,753 $ (428,913 ) $ 1,103,840 40' 141,292 (55,448 ) 85,844 144,881 (55,154 ) 89,727 40' high cube 3,496,469 (791,349 ) 2,705,120 2,717,384 (672,416 ) 2,044,968 45' high cube 27,354 (13,871 ) 13,483 27,880 (12,747 ) 15,133 Refrigerated containers: 20' 18,445 (8,899 ) 9,546 20,164 (8,493 ) 11,671 20' high cube 809 (606 ) 203 2,605 (1,742 ) 863 40' high cube 1,163,149 (462,645 ) 700,504 1,103,817 (398,721 ) 705,096 Open top and flat rack containers: 20' folding flat 16,206 (5,291 ) 10,915 17,228 (5,132 ) 12,096 40' folding flat 47,739 (19,073 ) 28,666 49,167 (18,275 ) 30,892 20' open top 13,046 (2,090 ) 10,956 13,253 (1,790 ) 11,463 40' open top 21,394 (4,827 ) 16,567 22,271 (4,738 ) 17,533 Tank containers 107,175 (16,016 ) 91,159 93,240 (11,470 ) 81,770 Total Containers $ 6,583,542 $ (1,851,664 ) $ 4,731,878 $ 5,744,643 $ (1,619,591 ) $ 4,125,052 See Note 3 “Managed Container Fleet” for information on the managed fleet containers included above. Impairment of Container Rental Equipment The Company reviews its containers for impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. The Company compares the carrying value of the containers to the expected future undiscounted cash flows for the purpose of assessing the recoverability of the recorded amounts. If the carrying value exceeds expected future undiscounted cash flows, the assets are reduced to fair value. There was no such impairment on the Company’s leasing equipment for the years ended December 31, 202 1 , 20 20 and 201 9 . Write-Off (Recoveries) of Container Rental Equipment due to Lessees in Default The Company evaluates the recoverability of the recorded amounts of containers that are unlikely to be recovered from lessees in default. The Company recorded impairment charges during the years ended December 31, 2021, 2020 and 2019 of $2,793, $0 and $9,167, respectively, to write-off containers that were unlikely to be recovered from lessees in default, offset by gains of $7,662, $1,647 and $1,988, respectively, associated with recoveries on containers previously estimated as lost with lessees in default. The gain on container recovery of $7,577 during the year ended December 31, 2021 was due to the reinstatement of containers with a previously insolvent and bankrupt lessee who made a successful exit from bankruptcy, and such containers had been written off in 2019. The gain on container recovery of $1,644 during the year ended December 31, 2020 was due to a settlement agreement with an insolvent lessee on containers which were previously written off in 2018. These amounts are recorded in the consolidated statements of operations as “container lessee default (recovery) expense, net”. Impairment of Containers Held for Sale Containers identified as being available for sale are valued at the lower of carrying value or fair value, less costs to sell. The Company records impairment to write-down the value of containers held for sale to their estimated fair value, less cost to sell, under observable (Level 2) market inputs. The fair value was estimated based on recent gross sales proceeds for sales of similar types of containers in the locations in which the containers are stored. When containers are sold or otherwise retired, the cost and related accumulated depreciation are removed, and any resulting gain or loss is recognized. Subsequent additions or reductions to the fair values of these written down assets are recorded as adjustments to the carrying value of the containers held for sale. The carrying value of containers held for sale that have been impaired and written down to their estimated fair value less cost to sell was $270 and $5,845 as of December 31, 2021 and 2020, respectively. Any subsequent increase in fair value less costs to sell is recognized as a reversal of container impairment but not in excess of the cumulative loss previously recognized. During the years ended December 31, 2021, 2020 and 2019, the Company recorded container impairment (reversals) charges of $(385), $11,094 and $14,238, respectively, to write down the value of containers held for sale to their estimated fair value less cost to sell, net of reversals of previously recorded impairments on containers held for sale, due to rising used container prices. The impairment (reversals) charges are included in “depreciation expense” in the consolidated statements of operations. During the years ended December 31, 2021, 2020 and 2019, the Company recorded the following net gain on sale of containers, included in “gain on sale of owned fleet containers, net” in the consolidated statements of operations: 2021 2020 2019 Units Amount Units Amount Units Amount Gain on sale of previously written down owned fleet containers, net 3,430 $ 2,165 51,541 $ 15,451 52,319 $ 6,665 Gain on sale of owned fleet containers not written down, net 50,550 65,064 54,807 11,779 52,126 14,732 Gain on sale of owned fleet containers, net 53,980 $ 67,229 106,348 $ 27,230 104,445 $ 21,397 Gain on sale of owned fleet containers, net The Company also generally sells containers at the end of their useful lives or when it is financially attractive to do so. The gain on sale of owned fleet containers is the excess of the sale price over the carrying value for these units at the time of sale. Revenue is recorded when control of the containers is transferred to the customer, which typically occurs upon delivery to, or pick-up by, the customer and when collectability is reasonably assured. Gain on sale of owned fleet containers, net, also includes gains (losses) recognized at the inception of sales-type leases of our owned fleet, representing the excess (deficiency) of the estimated fair value of containers placed on sales-type leases over (below) their book value. (m) Income Taxes The Company uses the asset and liability method to account for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded when the realization of a deferred tax asset is deemed to be unlikely. The Company also accounts for income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in the recognition or measurement are reflected in the period in which the change in judgment occurs. If there are findings in future regulatory examinations of the Company’s tax returns, those findings may result in an adjustment to income tax expense. The Company records interest and penalties related to unrecognized tax benefits in income tax expense. ( n ) Debt Issuance Costs The Company capitalizes costs directly associated with the issuance or modification of its debt and the balance of the debt issuance costs, net of amortization, are netted against the debt recorded in the consolidated balance sheets. Debt issuance costs are amortized using the interest rate method and the straight-line method over the general terms of the related fixed principal payment debt and the related revolving debt facilities, respectively, and the amortization is recorded as “interest expense” in the consolidated statements of operations. In 2021, 2020 and 2019, debt issuance costs of $27,895, $13,637 and $9,417, respectively, were capitalized and amortization of debt issuance costs of $9,723, $7,712 and $7,369, respectively, were recorded in interest expense. When the Company’s debt is modified or terminated prior to maturity, any unamortized debt issuance costs related to a decrease in borrowing capacity with any of the Company’s lenders is immediately written-off and recorded in “debt termination

Insurance Receivable and Impair

Insurance Receivable and Impairment	12 Months Ended
	Dec. 31, 2021
Loss Contingency [Abstract]
Insurance Receivable and Impairment	(2) Insurance Receivable and Impairment One of the Company’s customers became bankrupt in 2019. As a result of the assessment of the previously insolvent customer’s restructuring and successful exit from bankruptcy, the Company recorded a container loss recovery of $7,986 included in “ in the consolidated statements of operations during the year ended December 31, 2021. “ during 2021

Managed Container Fleet

Managed Container Fleet	12 Months Ended
	Dec. 31, 2021
Revenue From Contract With Customer [Abstract]
Managed Container Fleet	(3) Managed Container Fleet As part of the Company’s on-going business operation, the Company from time to time purchases containers on behalf of Container Investors. The Company enters into management agreements with the Container Investors whereby the Company, as agent for the Container Investors, purchases and leases out these containers and manages all of the Container Investors’ rights and obligations in respect of such containers and leases. The acquisition of these containers is funded entirely by the Container Investors and all risks and rewards of ownership of these containers vest and remain exclusively with the Container Investors. The Container Investors have no rights or recourse against the Company in the event of physical loss or damage, failure to lease out, any lessee default or any other risk in respect of the containers. The Container Investors pay the Company an acquisition fee for acquiring containers on their behalf at the time of acquisition and a fee for management services, including services associated with ultimately disposing of the containers on behalf of the Container Investors. Lease rental income and expenses from the managed fleet owned by Container Investors are reported on a gross basis. Lease rental income – managed fleet represents rental charges billed to the ultimate lessees for the managed fleet, including charges for handling fees, drop-off charges, pick-up charges, and charges for a damage protection plan that is set forth in the leases. Management fees from non-leasing services are earned for acquiring new managed containers and sales commissions are earned from sales of the managed containers on behalf of the Container Investors, which are generally calculated as a fixed percentage of the cost of the managed containers purchased and the proceeds from the sale of the managed containers, respectively. Acquisition fees from purchases of containers for the managed fleet are deferred and recognized as earned on a straight-line basis over the deemed lease term. As of December 31, 2021 and 2020, deferred revenue from acquisition fees amounted to $947 and $1,049, respectively, which were combined and reported as “accounts payable and accrued expenses” in the consolidated balance sheets. See Note 1 (e) “Accounting Policies and Recent Accounting Pronouncements – Revenue Recognition” for further information. Containers - December 31, 2018 and Prior Distribution expense to managed fleet container investors represents direct container expenses of the managed containers and the amounts distributed to the Container Investors, reduced by associated lease management fees earned and retained by the Company. Managed containers in the Company’s managed fleet on or before December 31, 2018 are not included in the Company’s container leasing equipment in the Company’s consolidated balance sheet as of December 31, 2021 and 2020. In 2021, the Company completed a container purchase of previously managed containers, that were in the Company’s managed fleet on or before December 31, 2018, from a Container Investor for a cash purchase price consideration of $57,637, which was recorded in the Company’s container leasing equipment as of December 31, 2021. As a result of the asset acquisition, the management agreement between the Company and the Container Investor was terminated and the Company recognized a loss of $116 for the effective settlement of the pre-existing contractual relationship at acquisition date which was included in “other, net” in the consolidated statements of operations. Container Purchases On or After January 1, 2019 Distribution expense to managed fleet container investors represents direct container expenses of the managed containers. From an accounting perspective, in accordance with Topic 842 - Leases For accounting purposes, the Company is deemed to own the managed containers purchased by the Company on or after January 1, 2019 for and on behalf of Container Investors, notwithstanding the contractual management relationship which the Company has with the Container Investors. Accordingly, such managed containers are included in the Company’s container leasing equipment in the Company’s consolidated balance sheets as of December 31, 2021 and 2020 and depreciated using the straight-line method over their estimated useful lives to an estimated dollar residual value per the Company’s depreciation policy (see Note 1 (l) “Accounting Policies and Recent Accounting Pronouncements – Containers”). The purchase consideration paid by the Container Investors for such containers is reported as a deemed financial liability of the Company. Subsequent net operating income distributions made by the Company to the Container Investors are recorded as a reduction to the financial liability and as interest expense using the effective interest method. The net book value for these managed containers and the associated financial liability will reduce over time and will be removed upon container sale, irrespective of the amount realized in such sale. In 2021, the Company paid $2,725 in cash to purchase previously managed containers, that were in the Company’s managed fleet on or after January 1, 2019, from a Container Investor which resulted in the extinguishment of the deemed financial liability. As of December 31, 2021 and 2020, the Company’s container leaseback financial liability to the Container Investors amounted to $15,977 and $4,762, respectively, which were reported as "other liabilities” in the consolidated balance sheets. The Company’s container leasing equipment includes such managed containers in the consolidated balance sheets as of December 31, 2021 and 2020, which consisted of the following: 2021 2020 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Containers - owned fleet $ 6,566,785 $ (1,850,721 ) $ 4,716,064 $ 5,740,717 $ (1,619,304 ) $ 4,121,413 Containers - managed fleet 16,757 (943 ) 15,814 3,926 (287 ) 3,639 Total containers $ 6,583,542 $ (1,851,664 ) $ 4,731,878 $ 5,744,643 $ (1,619,591 ) $ 4,125,052 Total management fee income from the managed fleet, including management fees earned from acquisition fees and sales commissions during 2021, 2020 and 2019 were as follows (also, see Note 4 “Transactions with Affiliates and Container Investors”): 2021 2020 2019 Lease rental income - managed fleet $ 56,037 $ 62,448 $ 101,901 Less: distribution expense to managed fleet container investors (50,360 ) (57,311 ) (93,858 ) Less: depreciation and interest expense on managed containers purchased on or after January 1, 2019 (1,348 ) (730 ) (394 ) Management fees from leasing 4,329 4,407 7,649 Management fees from non-leasing services 3,360 5,271 7,590 Total management fees $ 7,689 $ 9,678 $ 15,239 The Company’s consolidated balance sheets also include the accounts receivable from the lessees of the managed fleet which are uncollected lease billings related to the containers managed by the Company for the Container Investors. Amounts billed under leases for the managed fleet (“sub-leases”) are recorded in accounts receivable with a corresponding credit to due to container investors. As sub-lessor, the Company is required to remit accounts receivable from lessees of the managed fleet to the Container Investors once paid in accordance with the terms of the management agreements. The Company’s consolidated balance sheets also include the prepaid expenses and accounts payable and accrued expenses related to the containers managed by the Company for the Container Investors. The following table provides a reconciliation of the balance sheet accounts from the managed fleet to the total amount as of December 31, 2021 and 2020 in the consolidated balance sheets (also, see Note 4 “Transactions with Affiliates and Container Investors”). Accounts receivable related to the owned fleet pertains to the Company’s uncollected lease billings related to the containers owned by the Company. Prepaid expenses and other current assets and accounts payable and accrued expenses related to the owned fleet represents the Company’s general and administrative costs and operating costs arising from the containers owned by the Company. 2021 2020 Accounts receivable, net - owned fleet $ 118,107 $ 97,950 Accounts receivable, net - managed fleet 7,639 10,628 Total accounts receivable, net $ 125,746 $ 108,578 Prepaid expenses and other current assets - owned fleet $ 14,142 $ 13,614 Prepaid expenses and other current assets - managed fleet 42 99 Total prepaid expenses and other current assets $ 14,184 $ 13,713 Accounts payable and accrued expenses - owned fleet $ 21,736 $ 23,198 Accounts payable and accrued expenses - managed fleet 375 1,187 Total accounts payable and accrued expenses $ 22,111 $ 24,385 Container contracts payable - owned fleet $ 140,968 $ 231,647 Total container contracts payable $ 140,968 $ 231,647

Transactions with Affiliates an

Transactions with Affiliates and Container Investors	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Transactions with Affiliates and Container Investors	(4) Transactions with Affiliates and Container Investors Due from affiliates, net of $2,376 and $1,509, as of December 31, 2021 and 2020, respectively, represents lease rentals on tank containers collected on behalf of and payable to the Company from the Company’s tank container manager, net of direct container expenses and management fees Total management fees earned from the Company’s managed fleet, including acquisition fees and sales commissions during 2021, 2020 and 2019 were as follows: 2021 2020 2019 Fees from affiliated Container Investors $ — $ — $ 3,527 Fees from unaffiliated Container Investors 7,689 9,678 11,374 Fees from Container Investors 7,689 9,678 14,901 Other fees — — 338 Total management fees $ 7,689 $ 9,678 $ 15,239 The following table provides a summary of due to container investors, net at December 31, 2021 and 2020: 2021 2020 Accounts receivable, net - managed fleet $ 7,639 $ 10,628 Prepaid expenses and other current assets - managed fleet 42 99 Accounts payable and accrued expenses - managed fleet (375 ) (1,187 ) 7,306 9,540 Distributions due to container investors on lease rentals collected, net of container expenses paid and management fees 10,679 9,157 Due to container investors, net $ 17,985 $ 18,697 There is no due to affiliated Container Investors as of December 31, 2021 and 2020.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	(5) Leases (a) Lessor The Company’s lease rental income during 2021, 2020 and 2019 were as follows: 2021 2020 2019 Owned Managed Total Owned Managed Total Owned Managed Total Lease rental income - operating leases $ 577,946 $ 54,652 $ 632,598 $ 469,109 $ 58,175 $ 527,284 $ 470,722 $ 96,227 $ 566,949 Interest income on net investment in finance leases 82,659 — 82,659 30,121 — 30,121 15,356 — 15,356 Interest income on container leaseback financing receivable 21,380 — 21,380 17,243 — 17,243 10,313 — 10,313 Variable lease revenue 12,708 1,385 14,093 21,952 4,273 26,225 21,468 5,674 27,142 Total lease rental income $ 694,693 $ 56,037 $ 750,730 $ 538,425 $ 62,448 $ 600,873 $ 517,859 $ 101,901 $ 619,760 Variable lease revenue includes other charges set forth in the leases, such as handling fees, pick-up and drop-off charges and charges for damage protection plan. For finance leases, the net selling gain (loss) recognized at lease commencement, representing the difference between the estimated fair value of containers placed on these leases and their net book value, in the amount of $2,610, $(144) and $(1,027) for the years ended December 31, 2021, 2020 and 2019, respectively, are included in “gain on sale of owned fleet containers, net” in the consolidated statements of operations. Operating Leases The following is a schedule, by year, of future minimum lease payments receivable under the long-term leases for the owned and managed container fleet as of December 31, 2021: Owned Managed Total Year ending December 31: 2022 446,284 29,946 476,230 2023 400,845 26,955 427,800 2024 332,978 23,508 356,486 2025 258,530 18,888 277,418 2026 187,451 13,976 201,427 2027 and thereafter 364,757 15,824 380,581 Total future minimum lease payments receivable $ 1,990,845 $ 129,097 $ 2,119,942 Container Leaseback Financing Receivable The Company’s container leaseback financing receivable pertains to containers purchased that were leased back to the seller-lessees through a sales-type leaseback arrangement that are accounted for as financing transactions. The following table represents the components of the container leaseback financing receivable as of December 31, 2021 and 2020: 2021 2020 Future minimum payments receivable $ 483,325 $ 505,473 Less: unearned income (129,065 ) (141,181 ) Container leaseback financing receivable (1) 354,260 364,292 Less: Allowance for credit losses (113 ) (424 ) Container leaseback financing receivable, net $ 354,147 $ 363,868 Amounts due within one year 30,317 27,076 Amounts due beyond one year 323,830 336,792 Container leaseback financing receivable, net $ 354,147 $ 363,868 (1) One major customer represented 90.6% and 89.7% of the Company’s container leaseback financing receivable portfolio as of December 31, 2021 and 2020, respectively. As of December 31, 2020, one other customer represented 10.3% of the Company’s container leaseback financing receivable portfolio. Net Investment in Finance Leases The following table represents the components of the net investment in finance leases as of December 31, 2021 and 2020: 2021 2020 Future minimum lease payments receivable $ 2,558,339 $ 1,216,086 Residual value of containers 16,532 12,601 Less: unearned income (768,038 ) (347,394 ) Net investment in finance leases (1) $ 1,806,833 $ 881,293 Less: Allowance for credit losses (743 ) (1,333 ) Net investment in finance leases, net $ 1,806,090 $ 879,960 Amounts due within one year $ 113,048 $ 78,459 Amounts due beyond one year 1,693,042 801,501 Net investment in finance leases, net $ 1,806,090 $ 879,960 (1) One major customer represented 85.1% and 80.1% of the Company’s finance lease portfolio as of December 31, 2021 and 2020, respectively. No other customer represented more than 10% of the Company’s finance leases portfolio in each of those periods. The following is a schedule by year of future minimum lease payments receivable under container leaseback financing receivable and net investment in finance leases as of December 31, 2021: Year ending December 31: Container Leaseback Financing Receivable Net Investment in Finance Leases Total 2022 $ 50,515 $ 215,431 $ 265,946 2023 50,514 205,192 255,706 2024 46,427 201,925 248,352 2025 39,015 196,225 235,240 2026 37,524 198,151 235,675 2027 and thereafter 259,330 1,541,415 1,800,745 Total future minimum lease payments receivable $ 483,325 $ 2,558,339 $ 3,041,664 (b) Lessee Right-of-use (“ROU”) lease assets and lease liabilities are recognized for the Company’s office space leases at the commencement date based on the present value of lease payments over the lease term. The Company does not recognize a related ROU asset and lease liability for short-term leases having a lease term of twelve months or less. As of December 31, 2021 and 2020, ROU operating lease assets amounted to $8,988 and $10,331, respectively, which were reported in “other assets” in the consolidated balance sheets. As of December 31, 2021 and 2020, total lease liabilities amounted to $11,044 and $12,636, respectively, which were reported in “other liabilities” in the consolidated balance sheets. As of December 31, 2021, the weighted average discount rate was 4.75% and the weighted average remaining lease term was 4 years. Operating lease expense is recognized on a straight-line basis over the lease term and is reported in “general and administrative expense” in the consolidated statements of operations. Rent expense and other information related to the Company's operating leases during 2021, 2020 and 2019 are as follows: 2021 2020 2019 Operating lease cost $ 2,103 $ 2,103 $ 2,095 Short-term and variable lease cost 112 128 138 Total rent expense $ 2,215 $ 2,231 $ 2,233 Cash paid for amounts included in the measurement of lease liabilities $ 2,379 $ 2,221 $ 2,098 Future minimum lease payment obligations under the Company’s noncancelable operating leases at December 31, 2021 were as follows: Operating leasing Year ending December 31: 2022 2,271 2023 2,417 2024 2,397 2025 2,130 2026 2,179 2027 and thereafter 935 Total minimum lease payments 12,329 Less imputed interest (1,285 ) Total present value of operating lease liabilities $ 11,044

Allowance for Credit Losses

Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2021
Allowance For Credit Loss [Abstract]
Allowance for Credit Losses	(6) Allowance for Credit Losses The Company’s allowance for credit losses is estimated based on historical losses, current economic conditions, and ongoing review of the credit worthiness, but not limited to, each lessee’s payment history, lessee credit ratings, management’s current assessment of each lessee’s financial condition and the recoverability. Accounts Receivable The allowance for credit losses included in accounts receivable, net, amounted to $1,290 and $2,663 as of December 31, 2021 and 2020, respectively. As of December 31, 2021 and 2020, the allowance for credit losses related to the billed amounts under the container leaseback financing receivable and finance leases that were included in accounts receivable, net, amounted to $592 and $735, respectively. Net Investment in Finance Leases and Container Leaseback Financing Receivable The allowance for credit losses related to unbilled amounts under finance leases and included in net investment in finance leases, net, amounted to $743 and $1,333 as of December 31, 2021 and 2020, respectively. The allowance for credit losses related to unbilled amounts under the financing arrangements and included in container leaseback financing receivable, net, amounted to $113 and $424 as of December 31, 2021 and 2020, respectively. As of December 31, 2021, the Company’s net investment in finance leases and container leaseback financing receivable are primarily comprised of the largest shipping lines under “Tier 1” risk rating which represented 89.1% and 90.6%, respectively, of the Company’s portfolio (see Note (f) “Nature of Business and Summary of Significant Accounting Policies” for description of internal risk ratings). The following table presents the net investment in finance leases and container leaseback financing receivable by internal credit rating category and year of origination as of December 31, 2021: Year Ended December 31, 2021 2020 2019 2018 2017 Prior Total Tier 1 $ 859,924 $ 594,567 $ 105,141 $ 33,410 $ 6,864 $ 9,500 $ 1,609,406 Tier 2 86,117 37,232 33,959 18,612 5 4,910 180,835 Tier 3 7,712 2,347 5,855 535 — 143 16,592 Net investment in finance leases $ 953,753 $ 634,146 $ 144,955 $ 52,557 $ 6,869 $ 14,553 $ 1,806,833 Tier 1 $ 12,108 $ 107,758 $ 201,114 $ — $ — $ — $ 320,980 Tier 2 5,290 — 27,990 — — — 33,280 Container leaseback financing receivable $ 17,398 $ 107,758 $ 229,104 $ — $ — $ — $ 354,260

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	(7) Income Taxes The Company is not subject to taxation in its country of incorporation; however, the Company is subject to taxation in certain other jurisdictions due to the nature of the Company’s operations. The Company estimates its tax liability based upon its understanding of the tax laws of the various countries in which it operates. Income tax expense (benefit) for 2021, 2020 and 2019 consisted of the following: 2021 2020 2019 Current Bermuda $ — $ — $ — Foreign 594 446 499 594 446 499 Deferred Bermuda — — — Foreign 1,179 (819 ) 1,449 1,179 (819 ) 1,449 $ 1,773 $ (374 ) $ 1,948 The components of income before income taxes and noncontrolling interest were as follows: 2021 2020 2019 Bermuda sources $ — $ — $ — Foreign sources 286,061 73,299 58,504 $ 286,061 $ 73,299 $ 58,504 A reconciliation of the differences between the Bermuda statutory income tax rate and the effective tax rate as provided in the consolidated statements of operations is as follows: 2021 2020 2019 Bermuda tax rate $ — 0.00 % $ — 0.00 % $ — 0.00 % Foreign tax rate 271 0.09 % (1,291 ) (1.76 )% 188 0.32 % Tax uncertainties 1,502 0.53 % 917 1.25 % 1,760 3.01 % $ 1,773 0.62 % $ (374 ) (0.51 )% $ 1,948 3.33 % The components of income tax expense and effective tax rate were as follows: 2021 2020 2019 Income before income tax and noncontrolling interests $ 286,061 $ 73,299 $ 58,504 Tax uncertainties $ 1,502 0.53 % $ 917 1.25 % $ 1,760 3.01 % Foreign taxes Stock base compensation (622 ) (0.22 )% (94 ) (0.13 )% 390 0.67 % 162(m) officers' compensation 412 0.14 % 102 0.14 % 15 0.03 % Adjustment for prior years (392 ) (0.14 )% 47 0.06 % 270 0.46 % Foreign derived intangible income (329 ) (0.12 )% (112 ) (0.15 )% (77 ) (0.13 )% Valuation allowance (382 ) (0.13 )% 67 0.09 % 315 0.54 % Foreign rate difference 1,583 0.55 % (1,333 ) (1.82 )% (778 ) (1.33 )% Other 1 0.00 % 32 0.04 % 53 0.09 % 271 0.09 % (1,291 ) (1.76 )% 188 0.32 % $ 1,773 0.62 % $ (374 ) (0.51 )% $ 1,948 3.33 % The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2021 and 2020 are presented below: 2021 2020 Deferred tax assets Net operating loss carryforwards $ 17,765 $ 19,284 Other 1,006 1,457 18,771 20,741 Valuation allowance — (382 ) Deferred tax assets 18,771 20,359 Deferred tax liabilities Containers, net 25,287 25,043 Other — 654 Deferred tax liabilities 25,287 25,697 Net deferred tax liabilities $ 6,516 $ 5,338 In assessing the extent to which deferred tax assets are realizable, the Company’s management considers whether it is more likely than not that the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company’s management considers the projected future reversal of taxable temporary items for making this assessment. Based upon the projections for the reversal of taxable temporary items over the periods in which the deferred tax assets are deductible, as well as the estimated usage of deferred tax assets to offset against 2021 taxable income, the Company’s management believes it is more likely than not the Company will realize the benefits of these deductible differences in 2021, thus no valuation allowance has been provided for the year ended December 31, 2021. In comparison, the Company did not realize a portion of the benefits of these deductible differences in 2020, thus a valuation allowance was provided for the year ended December 31, 2020. On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"). The enactment of the CARES Act does not result in any material adjustments to the Company’s provision for income taxes. The Company has U.S. federal net operating loss carry-forwards of $106,151 that will begin to expire from December 31, 2021 (prior to factoring in 2021 net taxable income, estimated to be $2,752, fully offset by existing net operating losses) through December 31, 2037 if not utilized and $24,735 with no expiration date. The Company expects to utilize the net operating loss carry-forwards prior to their expiration. In the United States, utilization of net operating loss carry-forwards for federal income tax purposes may be subject to a substantial annual limitation if there is an ownership change within the meaning of Section 382 of the Internal Revenue Code. In general, an ownership change within the meaning of Section 382 occurs if a transaction or series of transactions over a three-year period result in a cumulative change of more than 50 % in the beneficial ownership of a company’s stock. The Company’s management does not believe the Company has a limitation on the ability to utilize its net operating loss carry-forwards under Section 382 as of December 31, 202 1 . However, issuances, sales and/or exchanges of the Company’s stock (including, potentially, relatively small transactions and transactions beyond the Company’s control) occurring after December 31, 202 1 , taken together with prior transactions with respect to the Company’s stock over a three-year period, could trigger an ownership change under Section 382 in the future and therefore a limitation on the Company’s ability to utilize its net operating loss carryforwards. Any such limitation could cause some loss carryforwards to expire before the Company would be able to utilize them to reduce taxable income in future periods, possibly resulting in a substantial income tax expense or write down of the Company’s tax assets or both. The accompanying consolidated financial statements do not reflect the income taxes that would be payable to foreign taxing jurisdictions if the earnings of a group of corporations operating in those jurisdictions were to be transferred out of such jurisdictions, because such earnings are intended to be permanently reinvested in those countries. At December 31, 2021, cumulative earnings of approximately $45,361 would be subject to income taxes of approximately $13,608 if such earnings of foreign corporations were transferred out of such jurisdictions in the form of dividends. The Company’s foreign tax returns, including the United States, State of California, State of New Jersey, State of Texas, Malaysia, Singapore, and United Kingdom, are subject to examination by the various tax authorities. The Company’s foreign tax returns are no longer subject to examinations by taxing authorities for years before 2015, except for its United States and State of California tax returns which are no longer subject to examinations for years before 2011 and 2008, respectively. A reconciliation of the beginning and ending unrecognized tax benefit amounts for 2021 and 2020 are as follows: Balance at December 31, 2019 19,642 Increases related to prior year tax positions 19 Increases related to current year tax positions 2,357 Lapse of statute of limitations (1,444 ) Balance at December 31, 2020 $ 20,575 Increases related to prior year tax positions 156 Increases related to current year tax positions 2,878 Lapse of statute of limitations (1,457 ) Balance at December 31, 2021 $ 22,152 If the unrecognized tax benefits of $22,152 at December 31, 2021 were recognized, tax benefits in the amount of $22,084 would reduce our annual effective tax rate. The Company believes the total amount of unrecognized tax benefit as of December 31, 2021 will decrease by $1,777 in the next twelve months due to expiration of the statute of limitations, which would reduce our annual effective tax rate. Interest and penalty expense recorded during 2021, 2020 and 2019 amounted to $(78), $(11) and $182, respectively. Total accrued interest and penalties as of December 31, 2021 and 2020 were $1,381 and $1,460, respectively, and were included in non-current income taxes payable.

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	(8) Debt The following represents the Company’s debt obligations as of December 31, 2021 and 2020: Secured Debt Facilities, Revolving Credit Facilities, Term Loan and Bonds Payable 2021 2020 Outstanding Average Interest Outstanding Average Interest Final Maturity TL Revolving Credit Facility $ 1,059,950 1.60 % $ 1,433,919 1.65 % September 2023 TL 2019 Term Loan 137,513 3.50 % 148,131 3.50 % December 2026 TL 2021-1 Term loan 65,131 2.65 % — 0.00 % February 2028 TL 2021-2 Term Loan 204,712 2.90 % — 0.00 % October 2028 TMCL II Secured Debt Facility (1) 1,067,886 1.75 % 646,551 1.91 % November 2028 TMCL VI Term Loan — 0.00 % 223,630 4.29 % — TMCL VII 2019-1 Bonds — 0.00 % 300,305 4.02 % — TMCL VII 2020-1 Bonds 384,611 3.07 % 429,600 3.07 % August 2045 TMCL VII 2020-2 Bonds 530,565 2.26 % 587,183 2.26 % September 2045 TMCL VII 2020-3 Bonds 194,414 2.15 % 214,168 2.15 % September 2045 TMCL VII 2021-1 Bonds 508,024 1.72 % — 0.00 % February 2046 TMCL VII 2021-2 Bonds 610,111 2.27 % — 0.00 % April 2046 TMCL VII 2021-3 Bonds 577,603 1.98 % — 0.00 % August 2046 TAP Funding Revolving Credit Facility — 0.00 % 131,857 2.11 % — Total debt obligations $ 5,340,520 $ 4,115,344 Amount due within one year $ 380,207 $ 408,365 Amounts due beyond one year $ 4,960,313 $ 3,706,979 (1) Final maturity of the TMCL II Secured Debt Facility is based on the assumption that the facility will not be extended on its scheduled conversion date. The Company’s debt facilities are secured by specific pools of containers and related assets owned by the Company. The Company’s debt agreements contain various restrictive financial and other covenants related to leverage, interest coverage, fixed charge coverage, container sales proceeds ratio, net income and debt levels and consolidated tangible net worth, including limitations on certain liens, indebtedness and investments. All of the Company’s debt facilities contain restrictive covenants on borrowing base minimums. Under the terms of the debt agreements, the total outstanding principal may not exceed an amount that is calculated as the total of the eligible containers designated to the respective facility times a certain advance rate, then plus the restricted cash amount (the “Asset Base”). For secured debt and revolving credit facilities, the total outstanding principal may not exceed the lesser of the commitment amount or the Asset Base. TGH and its subsidiaries were in full compliance with these restrictive covenants as of December 31, 2021. Secured Debt Facility (a) TMCL II TMCL II has a securitization facility (the “TMCL II Secured Debt Facility”) that provides for an aggregate commitment amount of up to $1,500,000. There is a commitment fee on the unused amount of the total commitment, payable monthly in arrears. In May 2021, In November 2021, TMCL II entered into an amendment of the TMCL II Secured Debt Facility, which extended the conversion date and final maturity date to November 2024 November 2028 Credit Facilities (a) TL TL has a revolving credit facility (the “TL Revolving Credit Facility”) that provides for an aggregate commitment amount of up to $1,500,000 (which includes a $25,000 letter of credit facility). There is a commitment fee on the unused amount of the total commitment, payable quarterly in arrears. The TL Revolving Credit Facility provides for payments of interest only during its term beginning on its inception date through September 2023 when all borrowings are due in full. Interest on the outstanding amount due under the TL Revolving Credit Facility is based either on the base rate for Base Rate loans plus a spread between 1.5% and 2.0% or LIBOR for Eurodollar rate loans plus a spread between 2.0% and 2.5%, as defined in the credit agreement, which varied based on TGH’s leverage. Interest payments on Base Rate loans and Eurodollar rate loans are payable in arrears on the last day of each calendar month and on the last day of each interest period, respectively. The TL Revolving Credit Facility contains cross default provisions that may result in an acceleration of principal repayment under the debt facility if an uncured default condition were to exist. TGH acts as an unconditional guarantor of the TL Revolving Credit Facility. (b) TAP Funding In February 2021, the Company fully repaid and terminated the TAP Funding Revolving Credit Facility. Term Loans (a) TL TL 2019 Term Loan. TL has a $160,000 fixed rate term loan (the “TL 2019 Term Loan”) with a group of financial institutions. Interest on the outstanding amount due under the TL 2019 Term Loan is payable monthly in arrears. TL 2021-1 Term Loan. In February 2021, TL completed a $70,270 fixed rate term loan (the “TL 2021-1 Term Loan”) with a group of financial institutions. Interest on the outstanding amount due under this term loan is payable monthly in arrears. Proceeds from this term loan were used to pay down TL’s revolving credit facility TL 2021-2 Term Loan. In October 2021, TL completed a $209,000 fixed rate term loan (the “TL 2021-2 Term Loan”) with a group of financial institutions. Interest on the outstanding amount due under this term loan is payable monthly in arrears. Proceeds from this term loan were primarily used to pay down the Company’s revolving credit facilities (b) TMCL VI Textainer Marine Containers VI Limited (“TMCL VI”), a Bermuda company which was wholly-owned by TL, had a $300,000 fixed rate term loan (the “TMCL VI Term Loan”) with a lender group comprised of a financial institution and one institutional investor. In August 2021, TMCL VI terminated its The Company made a loan termination payment of and unamortized debt issuance costs of were written-off, both related to the early redemption of . Bonds Payable (a) TMCL VII TMCL VII 2019-1 Bonds. TMCL VII issued $328,900 of aggregate Class A principal amount and $21,100 of aggregate Class B principal amount of the Series 2019-1 Fixed Rate Asset Backed Notes (the “TMCL VII 2019-1 Bonds”). Under the terms of the TMCL VII 2019-1 Bonds, both principal and interest incurred are payable monthly. In April 2021, TMCL VII 2019-1 Bonds was terminated and fully repaid by proceeds from the TMCL VII 2021-2 Bonds. Unamortized debt issuance costs and bond discounts of $2,857 were written-off related to the early redemption of TMCL VII 2019-1 Bonds . TMCL VII 2020-1 Bonds. TMCL VII issued $380,800 of aggregate Class A principal amount and $69,200 of aggregate Class B principal amount of the Series 2020-1 Fixed Rate Asset Backed Notes (the “TMCL VII 2020-1 Bonds”). Under the terms of the TMCL VII 2020-1 Bonds, both principal and interest incurred are payable monthly. TMCL VII 2020-2 Bonds. TMCL VII issued $531,600 of aggregate Class A principal amount and $76,200 of aggregate Class B principal amount of the Series 2020-2 Fixed Rate Asset Backed Notes (“the TMCL VII 2020-2 Bonds”). Under the terms of the TMCL VII 2020-2 Bonds, both principal and interest incurred are payable monthly. TMCL VII 2020-3 Bonds. TMCL VII issued $213,000 of aggregate Class A principal amount and $8,000 of aggregate Class B principal amount of the Series 2020-3 Fixed Rate Asset Backed Notes (“the TMCL VII 2020-3 Bonds”). Under the terms of the TMCL VII 2020-3 Bonds, both principal and interest incurred are payable monthly. TMCL VII 2021-1 Bonds. In February 2021, TMCL VII issued $523,500 of aggregate Class A and $26,500 of aggregate Class B Series 2021-1 Fixed Rate Asset Backed Notes (“the TMCL VII 2021-1 Bonds”). Under the terms of the TMCL VII 2021-1 Bonds, both principal and interest incurred are payable monthly. Proceeds from the TMCL VII 2021-1 Bonds were primarily used to pay down the Company’s revolving credit facilities. TMCL VII 2021-2 Bonds. In April 2021, TMCL VII issued $605,200 of aggregate Class A and $46,000 of aggregate Class B Series 2021-2 Fixed Rate Asset Backed Notes (“the TMCL VII 2021-2 Bonds”). Under the terms of the TMCL VII 2021-2 Bonds, both principal and interest incurred are payable monthly. Proceeds from the TMCL VII 2021-2 Bonds were primarily used to pay down the Company’s revolving credit facilities and to pay off the TMCL VII 2019-1 Bonds TMCL VII 2021-3 Bonds. In August 2021, TMCL VII issued $548,800 of aggregate Class A and $51,200 of aggregate Class B Series 2021-3 Fixed Rate Asset Backed Notes (“the TMCL VII 2021-3 Bonds”). Under the terms of the TMCL VII 2021-3 Bonds, both principal and interest incurred are payable monthly. Proceeds from the TMCL VII 2021-3 Bonds were primarily used to pay down the Company’s revolving credit facilities and to pay off the TMCL VI Term Loan Estimated Future Principal Payments The following is a schedule of future scheduled repayments, by year, and borrowing capacities, as of December 31, 2021: Twelve months ending December 31, Available borrowing, Current and Available Borrowing, 2022 2023 2024 2025 2026 2027 and thereafter Total Borrowing as limited by the Borrowing Base as limited by the Borrowing Base TL Revolving Credit Facility $ — $ 1,062,858 $ — $ — $ — $ — $ 1,062,858 $ 299,494 $ 1,362,352 TL 2019 Term Loan 11,285 11,686 12,102 12,532 90,973 — 138,578 — 138,578 TL 2021-1 Term loan 5,490 5,637 5,789 5,944 6,103 36,841 65,804 — 65,804 TL 2021-2 Term Loan 14,434 14,858 15,294 15,743 16,205 130,101 206,635 — 206,635 TMCL II Secured Debt Facility (1) 75,345 69,210 70,628 82,028 74,191 702,339 1,073,741 — 1,073,741 TMCL VII 2020-1 Bonds (2) 56,921 57,675 58,419 57,411 51,728 106,040 388,194 — 388,194 TMCL VII 2020-2 Bonds (2) 61,149 66,779 69,345 69,631 68,296 200,490 535,690 — 535,690 TMCL VII 2020-3 Bonds (2) 20,111 20,111 20,111 20,111 20,111 95,306 195,861 — 195,861 TMCL VII 2021-1 Bonds (2) 44,000 44,000 44,000 44,000 44,000 293,333 513,333 — 513,333 TMCL VII 2021-2 Bonds (2) 52,096 52,096 52,096 52,096 52,096 355,989 616,469 — 616,469 TMCL VII 2021-3 Bonds (2) 48,000 48,000 48,000 48,000 48,000 344,000 584,000 — 584,000 Total (3) $ 388,831 $ 1,452,910 $ 395,784 $ 407,496 $ 471,703 $ 2,264,439 $ 5,381,163 $ 299,494 $ 5,680,657 (1) The estimated future scheduled repayments for TMCL II Secured Debt Facility are based on the assumption that the facility will not be extended on its associated conversion date. ( 2 ) Future scheduled payments for all bonds payable exclude unamortized discounts in an aggregate amount of $613. ( 3 ) Future scheduled payments for all debts exclude prepaid debt issuance costs in an aggregate amount of $40,030.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2021
Derivative Instrument Detail [Abstract]
Derivative Instruments	(9) Derivative Instruments The Company has entered into several derivative agreements with several banks to reduce the impact of changes in interest rates associated with its variable rate debt. The counterparties to the Company’s interest rate swap agreements are highly rated financial institutions. In the unlikely event that the counterparties fail to meet the terms of the interest rate swap agreements, the Company’s exposure is limited to the interest rate differential on the notional amount at each monthly settlement period over the life of the agreements. The Company monitors its counterparties’ credit ratings on an on-going basis and does not anticipate any non-performance by the counterparties. The Company does not have any master netting arrangements with its counterparties. The Company has utilized the income approach to measure at each balance sheet date the fair value of its derivative instruments on a recurring basis using observable (Level 2) market inputs. This approach represents the present value of future cash flows based upon current market expectations. The following table summarizes the fair value of derivative instruments, which are inclusive of counterparty risk, on the consolidated balance sheets 2021 2020 Assets Interest rate swaps - designated as hedges $ 12,278 $ 47 Total $ 12,278 $ 47 Liabilities Interest rate swaps - designated as hedges $ 2,139 $ 9,665 Interest rate swaps - not designated as hedges — 19,570 Total $ 2,139 $ 29,235 The following table summarizes the Company’s derivative instruments , which were all designated as cash flow hedges as of December 31, 2021: Notional Derivative instruments amount Interest rate swap contracts with several banks that were indexed to one-month LIBOR, with fixed rates between 0.17% and 1.28% per annum, amortizing notional amounts, with termination dates through May 30, 2031 $ 856,250 Interest rate swap contracts with several banks that were indexed to daily SOFR, with fixed rates between 0.36% and 1.48% per annum, amortizing notional amounts, with termination dates through March 17, 2031 (1) 868,000 Total notional amount as of December 31, 2021 $ 1,724,250 (1) In November 2021, the Company amended certain interest rate swap contracts which were related to the replacement of LIBOR to SOFR due to the reference rate reform. During the year ended December 31, 2021, the Company early terminated a total notional amount of $508,250 interest rate swaps not designated as cash flow hedges with a total settlement amount of $14,552, including accrued interest. During the year ended December 31, 2021, the Company entered into new interest rate swaps designated as cash flow hedges with a total notional amount of $1,030,000 . Over the next twelve months, the Company expects to reclassify an estimated net loss of $13,365 related to the designated interest rate swap agreements from “accumulated other comprehensive income” in the consolidated statements of shareholders’ equity to “interest expense” in the consolidated statements of operations. The following table summarizes the pre-tax impact of derivative instruments on the consolidated statements of operations and comprehensive income during the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 Derivative instruments Financial Statement Caption Non-designated Realized (loss) gain on financial instruments, net $ (5,408 ) $ (12,295 ) $ 1,939 Non-designated Unrealized gain (loss) on financial instruments, net $ 5,220 $ (6,044 ) $ (15,442 ) Designated Other comprehensive income (loss) $ 10,986 $ (12,307 ) $ (110 ) Designated Interest expense, net $ (8,771 ) $ (2,806 ) $ 7

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Information	(10) Segment Information The Company operates in three reportable segments: Container Ownership, Container Management and Container Resale. The following tables show segment information for 2021, 2020 and 2019: Container Container Container 2021 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 694,045 $ 648 $ — $ — $ — $ 694,693 Lease rental income - managed fleet — 56,037 — — — 56,037 Lease rental income $ 694,045 $ 56,685 $ — $ — $ — $ 750,730 Management fees - non-leasing from external customers $ — $ 373 $ 2,987 $ — $ — $ 3,360 Inter-segment management fees $ — $ 83,074 $ 9,954 $ — $ (93,028 ) $ — Trading container margin $ — $ — $ 10,760 $ — $ — $ 10,760 Gain on sale of owned fleet containers, net $ 67,229 $ — $ — $ — $ — $ 67,229 Depreciation expense $ 289,610 $ 1,110 $ — $ — $ (9,145 ) $ 281,575 Container lessee default recovery, net $ 1,088 $ — $ — $ — $ — $ 1,088 Interest expense $ 126,628 $ 641 $ — $ — $ — $ 127,269 Debt termination expense $ 15,209 $ — $ — $ — $ — $ 15,209 Realized loss on financial instruments, net $ 5,408 $ 226 $ — $ — $ — $ 5,634 Unrealized gain (loss) on financial instruments, net $ 5,220 $ (811 ) $ — $ — $ — $ 4,409 Segment income (loss) before income tax (1) $ 239,857 $ 46,706 $ 19,166 $ (4,845 ) $ (14,823 ) $ 286,061 Income tax expense $ 1,404 $ 369 $ — $ — $ — $ 1,773 Total assets $ 7,269,451 $ 230,810 $ 15,819 $ 12,644 $ (161,280 ) $ 7,367,444 Purchase of containers and fixed assets $ 1,991,898 $ 1,242 $ — $ — $ — $ 1,993,140 Payments on container leaseback financing receivable $ 18,705 $ — $ — $ — $ — $ 18,705 Container Container Container 2020 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 537,534 $ 891 $ — $ — $ — $ 538,425 Lease rental income - managed fleet — 62,448 — — — 62,448 Lease rental income $ 537,534 $ 63,339 $ — $ — $ — $ 600,873 Management fees - non-leasing from external customers $ 392 $ 129 $ 4,750 $ — $ — $ 5,271 Inter-segment management fees $ — $ 54,899 $ 12,575 $ — $ (67,474 ) $ — Trading container margin $ — $ — $ 3,532 $ — $ — $ 3,532 Gain on sale of owned fleet containers, net $ 27,230 $ — $ — $ — $ — $ 27,230 Depreciation expense $ 268,401 $ 939 $ — $ — $ (7,675 ) $ 261,665 Container lessee default recovery, net $ 1,675 $ — $ — $ — $ — $ 1,675 Interest expense $ 122,863 $ 367 $ — $ — $ — $ 123,230 Debt termination expense $ 8,750 $ — $ — $ — $ — $ 8,750 Realized loss on financial instruments, net $ 12,295 $ — $ — $ — $ — $ 12,295 Unrealized loss on financial instruments, net $ 6,044 $ — $ — $ — $ — $ 6,044 Segment income (loss) before income tax and noncontrolling interests (1) $ 41,831 $ 23,641 $ 16,433 $ (3,254 ) $ (5,352 ) $ 73,299 Income tax benefit (expense) $ 1,088 $ (714 ) $ — $ — $ — $ 374 Total assets $ 5,641,866 $ 180,933 $ 12,050 $ 13,691 $ (107,164 ) $ 5,741,376 Purchase of containers and fixed assets $ 968,204 $ 194 $ — $ — $ — $ 968,398 Payments on container leaseback financing receivable $ 116,263 $ — $ — $ — $ — $ 116,263 Container Container Container 2019 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 516,307 $ 1,552 $ — $ — $ — $ 517,859 Lease rental income - managed fleet — 101,901 — — — 101,901 Lease rental income $ 516,307 $ 103,453 $ — $ — $ — $ 619,760 Management fees - non-leasing from external customers $ 219 $ 1,646 $ 5,725 $ — $ — $ 7,590 Inter-segment management fees $ — $ 48,215 $ 12,323 $ — $ (60,538 ) $ — Trading container margin $ — $ — $ 7,398 $ — $ — $ 7,398 Gain on sale of owned fleet containers, net $ 21,397 $ — $ — $ — $ — $ 21,397 Depreciation expense $ 266,832 $ 916 $ — $ — $ (7,376 ) $ 260,372 Container lessee default expense, net $ 7,867 $ — $ — $ — $ — $ 7,867 Interest expense $ 152,914 $ 271 $ — $ — $ — $ 153,185 Realized gain on financial instruments, net $ 1,946 $ — $ — $ — $ — $ 1,946 Unrealized loss on financial instruments, net $ 15,442 $ — $ — $ — $ — $ 15,442 Segment income (loss) before income tax and noncontrolling interests (1) $ 14,296 $ 27,747 $ 21,036 $ (4,089 ) $ (486 ) $ 58,504 Income tax expense $ 1,086 $ 862 $ — $ — $ — $ 1,948 Total assets $ 5,101,301 $ 184,215 $ 19,573 $ 7,206 $ (109,678 ) $ 5,202,617 Purchase of containers and fixed assets $ 420,971 $ 12,706 $ — $ — $ — $ 433,677 Payments on container leaseback financing receivable $ 281,445 $ — $ — $ — $ — $ 281,445 (1) Container Ownership segment income (loss) before income tax and noncontrolling interests includes unrealized gain (loss) on financial instruments, net of $4,409, $(6,044) and $(15,442) for the years ended December 31, 2021, 2020 and 2019, respectively, and debt termination expense of $15,209, $8,750 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively. General and administrative expenses are allocated to the reportable business segments based on direct overhead costs incurred by those segments. Amounts reported in the “Other” column represent activity unrelated to the active reportable business segments. Amounts reported in the “Eliminations” column represent inter-segment management fees between the Container Management and the Container Resale segments and the Container Ownership segment. Geographic Segment Information The Company’s container lessees use containers for their global trade utilizing many worldwide trade routes. The Company earns its revenue from international carriers when the containers are on hire. Substantially all of the Company’s leasing related revenue is denominated in U.S. dollars. As all of the Company’s containers are used internationally, where no single container is domiciled in one particular place for a prolonged period of time, 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 total fleet lease rental income and management fees from non-leasing services during the years ended December 31, 2021, 2020 and 2019 based on customers’ and Container Investors’ primary domicile: Years ended December 31, 2021 Percent of Total 2020 Percent of Total 2019 Percent of Total Lease rental income: Asia $ 373,614 49.8 % $ 302,709 50.4 % $ 329,567 53.2 % Europe 343,351 45.7 % 266,431 44.3 % 255,495 41.2 % North / South America 32,296 4.3 % 29,391 4.9 % 31,786 5.1 % Bermuda — — — — — — All other international 1,469 0.2 % 2,342 0.4 % 2,912 0.5 % $ 750,730 100.0 % $ 600,873 100.0 % $ 619,760 100.0 % Management fees, non-leasing: Bermuda $ 1,699 50.6 % $ 2,797 53.1 % $ 4,576 60.2 % Europe 1,530 45.5 % 2,397 45.5 % 2,334 30.8 % Asia 45 1.3 % 11 0.2 % 28 0.4 % North / South America 23 0.7 % 9 0.2 % 342 4.5 % All other international 63 1.9 % 57 1.0 % 310 4.1 % $ 3,360 100.0 % $ 5,271 100.0 % $ 7,590 100.0 % The following table represents the geographic allocation of trading container sales proceeds and gain on sale of owned fleet containers, net during the years ended December 31, 2021, 2020 and 2019 based on the location of sale: Years ended December 31, 2021 Percent of Total 2020 Percent of Total 2019 Percent of Total Trading container sales proceeds: Asia $ 14,317 44.7 % $ 14,896 46.6 % $ 39,519 67.3 % North / South America 12,404 38.7 % 13,045 40.9 % 12,788 21.8 % Europe 5,321 16.6 % 3,991 12.5 % 6,411 10.9 % Bermuda — — — — — — All other international 3 0.0 % 9 0.0 % 16 0.0 % $ 32,045 100.0 % $ 31,941 100.0 % $ 58,734 100.0 % Gain on sale of owned fleet containers, net: Asia $ 46,328 68.9 % $ 13,082 48.1 % $ 7,714 36.0 % Europe 10,516 15.7 % 5,538 20.3 % 5,577 26.1 % North / South America 10,385 15.4 % 8,610 31.6 % 6,809 31.8 % Bermuda — — — — — — All other international — — — — 1,297 6.1 % $ 67,229 100.0 % $ 27,230 100.0 % $ 21,397 100.0 %

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(11) Commitments and Contingencies ( a ) Restricted Cash Restricted interest-bearing cash accounts were established by the Company as additional collateral for outstanding borrowings under certain of the Company’s debt facilities. Restricted cash at December 31, 2021 and 2020 consisted of the following: 2021 2020 Trust accounts $ 16,289 $ 17,054 Other restricted cash accounts 60,073 57,093 Total restricted cash $ 76,362 $ 74,147 Trust accounts The Company maintains certain interest-bearing bank accounts (“Trust Accounts”) pursuant to certain debt agreements for the deposits of net cash proceeds collected from leasing and containers disposition after certain expenses. The cash in the Trust Accounts can only be used to pay the Company’s debt, interest and other certain related expenses. After such payments, any remaining cash in the Trust Accounts is transferred to certain unrestricted bank accounts of the Company and is included in cash and cash equivalents on the consolidated balance sheets. Other restricted cash accounts The Company established certain interest-bearing bank accounts pursuant to certain debt agreements to maintain an amount equal to certain outstanding debt balance and a projected interest expense for a specified number of months. ( b ) Container Commitments At December 31, 2021, the Company had commitments to purchase containers to be delivered subsequent to December 31, 2021 in the total amount of $75,015. In January 2022, the Company also had commitments to purchase or fund containers under a sales-type leaseback financing arrangement with a lessee in the amount of $ . (c) Distribution The amounts distributed to the Container Investors are variable payments based upon the net operating income for each managed container (see Note 3 “Managed Container Fleet”). There are no future minimum lease payment obligations under the Company’s management agreements.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	(12) Share-Based Compensation As of December 31, 2021, the Company maintained one active share option and restricted share unit plan, the 2019 Share Incentive Plan (“2019 Plan”). The 2019 Plan provided for the grant of share options, restricted share units, performance restricted share units, restricted shares, share appreciation rights and dividend equivalent rights. The 2019 Plan provided for grants of incentive share options only to the Company’s employees or employees of subsidiary of TGH. Awards other than incentive share options could be granted to the Company’s employees, directors and consultants or the employees, directors and consultants of subsidiaries of TGH. At December 31, 2021, 2,105,418 shares were available for future issuance under the 2019 Plan. Share Options Share options are granted at exercise prices equal to the fair market value of the shares on the grant date. Each employee’s options vest in increments of 25% per year beginning approximately one year after an option’s grant date. Unless terminated pursuant to certain provisions within the share option plans, including discontinuance of employment with the Company, all unexercised options expire ten years from the date of grant. The following tables summarizes the activity of stock options for the years ended December 31, 2021, 2020, and 2019: Share options (common share equivalents) Weighted average exercise price Balances, December 31, 2018 1,703,908 $ 21.44 Options granted during the period 250,000 $ 9.14 Options exercised during the period (13,014 ) $ 9.70 Options expired during the period (113,917 ) $ 23.73 Options forfeited during the period (19,312 ) $ 14.08 Balances, December 31, 2019 1,807,665 $ 19.76 Options exercised during the period (113,960 ) $ 11.36 Options expired during the period (130,711 ) $ 26.14 Options forfeited during the period (33,968 ) $ 12.40 Balances, December 31, 2020 1,529,026 $ 19.90 Options exercised during the period (477,103 ) $ 18.95 Options expired during the period (40,000 ) $ 32.70 Options forfeited during the period (19,128 ) $ 10.74 Balances, December 31, 2021 992,795 20.02 Options exercisable at December 31, 2021 833,186 $ 21.98 Options vested and expected to vest at December 31, 2021 986,011 $ 20.09 As of December 31, 2021, $622 of total compensation cost related to non-vested share option not yet recognized is expected to be recognized over a weighted average period of 1.5 years. The aggregate intrinsic value of all options exercisable and outstanding, which represents the total pre-tax intrinsic value, based on the Company’s closing common share price of $35.71 per share as of December 31, 2021 was $11,776. The aggregate intrinsic value is calculated as the difference between the exercise prices of the Company’s share options that were in-the-money and the market value of the common shares that would have been issued if those share options were exercised as of December 31, 2021. The aggregate intrinsic value of all options exercised during 2021, 2020 and 2019, based on the closing share price on the date each option was exercised was $5,513, $710 and $4, respectively. The weighted average contractual life of options exercisable and outstanding as of December 31, 2021 was 4.4 years and 4.7 years, respectively. The Company did not grant any stock options during the years ended December 31, 2021 and 2020. The estimated weighted average grant date fair value of share options granted during 2019 was $4.47 per share, and was estimated using the Black-Scholes option pricing model for the year ended December 31, 2019 with the following assumptions.: 2019 Risk-free interest rates 1.7 % Expected terms (in years) 5.5 Expected common share price volatilities 52.9 % Expected dividends 0.0 % Expected forfeitures 3.4 % The risk-free interest rate is based on the implied yield on a U.S. Treasury zero-coupon issue with a remaining term equal to the expected term of the share option life. The expected term is calculated based on historical exercises. The expected common share price volatility is based on the historical average volatility of the Company’s stock over a period approximating the expected term of the options. The dividend yield reflects the estimated future yield on the date of grant. Restricted Share Units (“RSU”) and Performance Restricted Share Units (“PSU”) RSU awards granted to employees prior to 2020 have a vesting period of four years or vest in increments of 25% per year on each anniversary of the grant date. RSU awards granted to employees during and after 2020 have a vesting period of three years or vest in increments of 33.33% per year on each anniversary of the grant date. RSU awards granted to directors fully vest one year after their grant date. The Company granted PSU awards to certain executives during 2021 and 2020, which are subject to both service and market vesting conditions. The PSU awards will vest at the end of a 3-year The following tables summarizes the activity of RSU and PSU awards for the years ended December 31, 2021, 2020, and 2019: RSU PSU (1) Total Weighted average grant date fair value Balances, December 31, 2018 640,750 — 640,750 $ 14.20 Share units granted during the period 309,192 — 309,192 $ 9.20 Share units vested during the period (281,377 ) — (281,377 ) $ 13.97 Share units forfeited during the period (10,945 ) — (10,945 ) $ 14.32 Balances, December 31, 2019 657,620 — 657,620 $ 11.95 Share units granted during the period 200,868 183,560 384,428 $ 16.96 Share units vested during the period (300,404 ) — (300,404 ) $ 12.08 Share units forfeited during the period (19,743 ) — (19,743 ) $ 12.62 Balances, December 31, 2020 538,341 183,560 721,901 $ 14.55 Share units granted during the period 102,956 104,834 207,790 $ 44.62 Share units vested during the period (2) (278,684 ) (7,004 ) (285,688 ) $ 12.32 Share units forfeited during the period (18,753 ) — (18,753 ) $ 12.70 Balances, December 31, 2021 343,860 281,390 625,250 $ 25.37 Total share units outstanding and expected to vest at December 31, 2021 590,615 $ 25.12 (1) The grant date fair value of PSU awards granted during 2021 and 2020 were $55.85 per share and $22.06 per share, respectively. On the settlement date for each measurement period of market-based awards, grantees may receive shares equal to 0% to 200% of the three-year (2) As of December 31, 2021, an incremental fair value expense of $577 was recognized for certain awards that were modified to accelerate vesting upon retirement. As of December 31, 2021, $11,889 of total compensation cost related to non-vested time-based RSU and market-based PSU awards not yet recognized is expected to be recognized over a weighted average period of 1.9 years There were no PSU awards PSU awards 2021 2020 Risk-free interest rates 0.54 % 0.16 % Expected common share price volatilities 59.80 % 57.40 % Expected dividends 0.0 % 0.0 %

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Shareholders' Equity	(13) Shareholders’ Equity Share Repurchase Program In 2019, the Company’s board of directors approved a share repurchase program to repurchase up to $25,000 of the Company’s common shares, in 2020 the board of directors approved an increase of another $75,000 to this program and in 2021 the program was further increased by $100,000. Under the program, the Company may purchase its common shares from time to time in the open market, in privately negotiated transactions or such other manner as will comply with applicable laws and regulations. The authorization did not obligate the Company to acquire a specific number of shares during any period, but it may be modified, suspended or terminated at any time at the discretion of the Company’s board of directors. During the year ended December 31, 2020, the Company repurchased 6,736,493 shares at an average price of $10.17 for a total amount of $68,493, including commissions paid. During the year ended December 31, 2021, the Company repurchased 2,426,725 shares at an average price of $29.76 for a total amount of $72,220, including commissions paid. As of December 31, 2021, approximately $51,134 remained available for repurchases under the share repurchase program. Preferred Shares In April 2021, the Company completed an underwritten public offering of 6,000,000 depositary shares, each representing a 1/1,000 th In August 2021, the Company completed an underwritten public offering of 6,000,000 depositary shares, each representing a 1/1,000 th Each Series of preferred shares may be redeemed at the Company’s option, at any time after approximately five years from original issuance, for cash at a redemption price of $25.00 per depositary share plus an amount equal to all accumulated and unpaid dividends, whether or not declared. The Company may also redeem each Series of preferred shares in the event of a Change of Control (as defined in the Certificate of Designations). If the Company does not elect to redeem the preferred shares in a Change of Control triggering event, holders of each Series of preferred shares may have the right to convert their preferred shares into common shares. There is no mandatory redemption of each Series of preferred shares or redemption at the option of the holders. Holders of the preferred shares do not have general voting rights. Preferred Share Dividends Dividends on each Series of preferred shares accrue daily and are cumulative from and including the date of original issuance and are payable quarterly in arrears on the 15 th The Company’s board of directors approved and declared the following quarterly cash dividends during the year ended December 31, 2021 on its issued and outstanding preferred shares: Series A Preferred Shares Series B Preferred Shares Record Date Payment Date Aggregate Payment Per Depositary Share Payment (1) Aggregate Payment Per Depositary Share Payment (1) May 31, 2021 June 15, 2021 $ 1,808 $ 0.30 — — August 31, 2021 September 15, 2021 $ 2,625 $ 0.44 — — December 3, 2021 December 15, 2021 $ 2,625 $ 0.44 $ 2,917 $ 0.49 (1) Rounded to the nearest whole cent. As of December 31, 2021, the Company had cumulative unpaid preferred dividends of $854. Common Share Dividends The Company’s board of directors approved and declared a cash dividend of $0.25 per share on its issued and outstanding common shares for a total aggregate amount of $12,285, paid on December 15, 2021 to holders of record as of December 3, 2021.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Event	(14) Subsequent Event In February 2022, the Company’s board of directors approved and declared a quarterly preferred cash dividend on its issued and outstanding preferred shares, payable on March 15, 2022, to holders of record as of March 4, 2022. The dividend declared on Series A Preferred Shares and Series B Preferred Shares were $0.44 and $0.39 per depositary share (rounded to the nearest whole cent), respectively, for a total aggregate amount of $2,625 and $2,344, respectively. In February 2022, the Company’s board of directors approved and declared a cash dividend of $0.25 per share on its issued and outstanding common shares, payable on March 15, 2022, to holders of record as of March 4, 2022.

Schedule I - Parent Company Inf

Schedule I - Parent Company Information	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule I - Parent Company Information	TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES SCHEDULE I - CONDENSED STATEMENTS OF COMPREHENSIVE INCOME Parent Company Information Years Ended December 31, 2021, 2020 and 2019 (All currency expressed in United States dollars in thousands) 2021 2020 2019 Operating expenses: General and administrative expense $ 4,519 $ 3,988 $ 4,089 Total operating expenses 4,519 3,988 4,089 Loss from operations (4,519 ) (3,988 ) (4,089 ) Other income: Equity in net income of subsidiaries 289,133 76,076 60,813 Interest income 55 80 — Other, net (381 ) 654 — Net other income 288,807 76,810 60,813 Income before income tax 284,288 72,822 56,724 Income tax benefit (expense) — — — Net income 284,288 72,822 56,724 Less: Dividends on preferred shares 10,829 — — Net income attributable to common shareholders $ 273,459 $ 72,822 $ 56,724 Net income attributable to common shareholders per share: Basic $ 5.51 $ 1.37 $ 0.99 Diluted $ 5.41 $ 1.36 $ 0.99 Weighted average shares outstanding (in thousands): Basic 49,624 53,271 57,349 Diluted 50,576 53,481 57,459 Other comprehensive income, before tax: Change in derivative instruments designated as cash flow hedges 10,986 (12,307 ) (110 ) Reclassification of realized loss (gain) on derivative instruments designated as cash flow hedges 8,771 2,806 (7 ) Foreign currency translation adjustments (79 ) 177 42 Comprehensive income, before tax 303,966 63,498 56,649 Income tax (expense) benefit related to items of other comprehensive income (184 ) 91 — Comprehensive income, after tax 303,782 63,589 56,649 Less: Dividends on preferred shares 10,829 — — Comprehensive income attributable to common shareholders $ 292,953 $ 63,589 $ 56,649 TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES SCHEDULE I - CONDENSED BALANCE SHEETS Parent Company Information December 31, 2021 and 2020 (All currency expressed in United States dollars in thousands) 2021 2020 Assets Current assets: Cash and cash equivalents $ 10,696 $ 12,372 Prepaid expenses and other current assets 378 336 Due from affiliates, net 2,231 2,679 Total current assets 13,305 15,387 Investments in subsidiaries 1,768,779 1,245,427 Total assets $ 1,782,084 $ 1,260,814 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable and accrued expenses $ 830 $ 394 Total current liabilities 830 394 Shareholders’ equity: Preferred shares 300,000 - Common shares 595 587 Treasury shares (158,459 ) (86,239 ) Additional paid-in capital 428,945 417,421 Accumulated other comprehensive income (loss) 9,750 (9,744 ) Retained earnings 1,200,423 938,395 Total shareholders’ equity 1,781,254 1,260,420 Total liabilities and shareholders’ equity $ 1,782,084 $ 1,260,814 TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES SCHEDULE I - CONDENSED STATEMENTS OF CASH FLOWS Parent Company Information Years ended December 31, 2021, 2020 and 2019 (All currency expressed in United States dollars in thousands) 2021 2020 2019 Cash flows from operating activities: Net income $ 284,288 $ 72,822 $ 56,724 Adjustments to reconcile net income to net cash provided by operating activities: Equity in net income of subsidiaries (289,133 ) (76,076 ) (60,813 ) Dividends received from subsidiaries 61,000 76,167 46,823 Share-based compensation 6,699 4,723 4,388 Decrease (increase) in: Prepaid expenses and other current assets (42 ) (26 ) (128 ) Increase (decrease) in: Accounts payable and accrued expenses 436 (82 ) (237 ) Total adjustments (221,040 ) 4,706 (9,967 ) Net cash provided by operating activities 63,248 77,528 46,757 Cash flows from investing activities: Investments in subsidiaries (269,436 ) (2,050 ) (41,865 ) Net cash used in investing activities (269,436 ) (2,050 ) (41,865 ) Cash flows from financing activities: Issuance of preferred shares, net of underwriting discount 290,550 — — Purchase of treasury shares (72,220 ) (68,493 ) (8,597 ) Issuance of common shares upon exercise of share options 9,043 1,295 126 Dividends paid on common shares (12,285 ) — — Dividends paid on preferred shares (9,975 ) — — Due to (from) affiliates, net 448 (2,041 ) 49 Other (970 ) — — Net cash provided by (used in) financing activities 204,591 (69,239 ) (8,422 ) Effect of exchange rate changes (79 ) 177 42 Net (decrease) increase in cash and cash equivalents (1,676 ) 6,416 (3,488 ) Cash and cash equivalents, beginning of the year 12,372 5,956 9,444 Cash and cash equivalents, end of the year $ 10,696 $ 12,372 $ 5,956

Schedule II Valuation Accounts

Schedule II Valuation Accounts	12 Months Ended
	Dec. 31, 2021
Valuation And Qualifying Accounts [Abstract]
Schedule II Valuation Accounts	TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES Valuation Accounts Years ended December 31, 2021, 2020 and 2019 (All currency expressed in United States dollars in thousands) Additions Balance at Charged to Balance at Beginning of Expense End of Year (Recovery) Deductions Year December 31, 2019 Accounts receivable, allowance for doubtful accounts $ 5,729 $ 2,096 $ (1,526 ) $ 6,299 Net investment in finance leases, allowance for credit losses $ — $ — $ — $ — Container leaseback financing receivable, allowance for credit losses $ — $ — $ — $ — December 31, 2020 Accounts receivable, allowance for doubtful accounts $ 6,299 $ (3,149 ) $ (487 ) $ 2,663 Net investment in finance leases, allowance for credit losses (1) $ 636 $ 697 $ — $ 1,333 Container leaseback financing receivable, allowance for credit losses (1) $ 256 $ 168 $ — $ 424 December 31, 2021 Accounts receivable, allowance for doubtful accounts $ 2,663 $ (674 ) $ (699 ) $ 1,290 Net investment in finance leases, allowance for credit losses $ 1,333 $ (590 ) $ — $ 743 Container leaseback financing receivable, allowance for credit losses $ 424 $ (311 ) $ — $ 113 (1) Balance at beginning of the year was due to impact of adopting Accounting Standards Update No. 2016-13, Financial Instruments – Credit Losses on January 1, 2020.

Nature of Business and Summar_2

Nature of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature Of Operations	(a) Nature of Operations Textainer Group Holdings Limited (“TGH”) is incorporated in Bermuda. TGH is the holding company of a group of companies, consisting of TGH and its subsidiaries (collectively, the “Company”), involved in the purchase, management, leasing and resale of a fleet of marine cargo containers. The Company also manages and provides administrative support to the third-party owners’ (the “Container Investors”) container fleets. The Company conducts its business activities in three main areas: Container Ownership, Container Management and Container Resale. These activities are described below (also see Note 10 “Segment Information”). Container Ownership The Company’s containers consist primarily of standard dry freight containers, but also include refrigerated and other special-purpose containers. These owned containers are financed through retained earnings; revolving credit facilities, secured debt facilities and a term loan provided by banks; bonds payable to investors; and a public offering of TGH’s common and preferred shares. Expenses related to lease rental income of the owned fleet primarily include direct container expenses, depreciation expense and interest expense. Container Management The Company manages, on a worldwide basis, a fleet of containers for and on behalf of the Container Investors. All rental operations are conducted worldwide in the name of the Company who, as agent for the Container Investors, acquires and sells containers, enters into leasing agreements and depot service agreements, bills and collects lease rentals from the lessees, disburses funds to depots for container handling, and remits net amounts, less management fees and commissions, to the Container Investors. Fees earned by the Company under the management agreements are typically a percentage of net operating income of each Container Investor’s fleet and consist of fees for leasing services related to the management of the containers, sales commissions and net acquisition fees earned on the acquisition of containers. Lease rental income and expenses arising from the operation of the managed fleet are presented on a gross basis, whereby revenue billed to shipping lines and expenses incurred and distributions to the container investors of the managed fleet are presented in the Company’s consolidated statements of operations. Accounts receivable and vendor payables arising from direct container operations of the managed containers are presented on a gross basis in the Company’s consolidated balance sheets. See Note 3 “Managed Container Fleet” for information on the managed fleet containers. Container Resale The Company buys and subsequently resells containers (trading containers) from third parties. Container sales revenue represents the proceeds on the sale of containers purchased for resale. Cost of containers sold represents the cost of equipment purchased for resale that were sold as well as the related selling costs. The Company earns sales commissions related to the sale of the containers that it manages.
Principles of Consolidation and Variable Interest Entity	(b) Principles of Consolidation and Variable Interest Entity The consolidated financial statements of the Company include TGH and all of its subsidiaries in which the Company has a controlling financial interest. All significant intercompany accounts and balances have been eliminated in consolidation. The Company determines whether it has a controlling financial interest in an entity by evaluating whether the entity is a variable interest entity (“VIE”) or a voting interest entity (“VME”). If it is determined that the Company does not have a variable interest in the entity, no further analysis is required, and the Company does not consolidate the entity. TAP Funding TAP Funding Ltd. (“TAP Funding”) (a Bermuda company) was a joint venture between the Company’s wholly-owned subsidiary, Textainer Limited (“TL”) (a Bermuda company) and TAP Ltd. (“TAP”) in which TL owned 50.1%, TAP owned 49.9% of the common shares of TAP Funding, and TAP Funding was a VME. The Company consolidated TAP Funding as the Company had a controlling financial interest in TAP Funding. In January 2021, the Company completed the acquisition of 49.9% of the common shares of TAP Funding from TAP for a total purchase price consideration of $21,500. After the acquisition of the noncontrolling interest (“NCI”), the Company owned 100% of TAP Funding and TAP Funding became a wholly-owned subsidiary of the Company. The Company accounted for this equity transaction as a reduction in the related NCI, and the difference between the carrying value of the NCI on January 1, 2021, and the cash consideration was recognized as an increase in additional paid-in capital (“APIC”) of $7,022. Prior to the Company’s dissolution of TAP Funding in May 2021, TAP Funding’s assets and liabilities were transferred to TL. Prior to the acquisition of the NCI, the equity owned by TAP in TAP Funding was shown as NCI on the Company’s consolidated balance sheet as of December 31, 2020 and the net income was shown as net income attributable to the NCI on the Company’s consolidated statements of operations for the years ended December 31, 2020 and 2019. After the capital restructuring, there is no NCI in TAP Funding on the Company’s consolidated balance sheet as of December 31, 2021 and there is no net income attributable to the NCI on the Company’s consolidated statements of operations for the year ended December 31, 2021. Leased Assets Pool Company Limited On December 31, 2019, the Company completed the acquisition of Leased Assets Pool Company Limited (“LAPCO”) (a Bermuda company) from Trencor Limited As a result of the LAPCO acquisition , the management agreement between the Company and LAPCO was terminated and effectively settled the pre-existing contractual relationship at acquisition date. Under the terms of the management agreement, the Company previously managed a substantial portion of LAPCO’s container fleet. Because the terms of the pre-existing management agreement were determined to be favorable to the Company compared to current market terms for similar arrangements, a portion of the excess of the fair value of the net assets acquired over the purchase consideration was deemed to be applicable to the effective settlement of the management agreement. Therefore, a gain of $1,823 was recorded on the acquisition date in the consolidated statements of operations as “gain on settlement of pre-existing management agreement” during the year ended December 31, 2019. Prior to the Company’s dissolution of LAPCO in February 2021, LAPCO’s assets and liabilities were transferred to TL. Managed Containers The Company enters into container management agreements with Container Investors. The fees earned by the Company for managing container portfolios on behalf of Container Investors are commensurate with the level of effort required to provide those management services and the Company does not have the obligation to absorb losses or the right to receive benefits that may be significant to the Container Investors. As such, the Company is not the primary beneficiary and does not consolidate the Container Investors. Managed containers which are owned by Container Investors are not assets of the Company and are not included in the consolidated financial statements, except for certain managed containers that the Company is deemed to own with associated container leaseback financial liability of the Company in accordance with Topic 842, Leases Owned Containers The majority of the container equipment included in the accompanying consolidated financial statements is owned by TL, Textainer Marine Containers II Limited (“TMCL II”) and Textainer Marine Containers VII Limited (“TMCL V II ”), all Bermuda companies and all of which were wholly-owned subsidiaries of the Company as of December 31, 20 2 1 and 20 20 . All owned containers are pledged as collateral for debt as of December 31, 20 2 1 and 20 20 .
Cash and Cash Equivalents and Restricted Cash	(c) Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents are comprised of interest-bearing deposits or money market securities with original maturities of three months or less. The Company maintains cash and cash equivalents and restricted cash (see Note 11 “Commitments and Contingencies—Restricted Cash”) with various financial institutions. These financial institutions are located in Bermuda, Canada, Hong Kong, Malaysia, Singapore, South Africa, the United Kingdom and the United States. A significant portion of the Company’s cash and cash equivalents and restricted cash is maintained with a small number of banks and, accordingly, the Company is exposed to the credit risk of these counterparties in respect of the Company’s cash and cash equivalents and restricted cash. Furthermore, the deposits maintained at some of these financial institutions exceed the amount of insurance provided on the deposits. Restricted cash is excluded from cash and cash equivalents and is included in long-term assets reported within the consolidated balance sheets.
Intangible Assets	(d) Intangible Assets Intangible assets, consisting primarily of exclusive rights to manage container fleets, are amortized over the expected life of the contracts based on forecasted income to the Company. The contract terms range from 11 to 13 years. The Company reviews its intangible assets for impairment if events and circumstances indicate that the carrying amount of the intangible assets may not be recoverable. The Company compares the carrying value of the intangible assets to expected future undiscounted cash flows for the purpose of assessing the recoverability of the recorded amounts. If the carrying amount exceeds expected undiscounted cash flows, the intangible assets shall be reduced to their fair value. As of December 31, 2021 and 2020, intangible assets amounted to $178 and $2,719, respectively, net of accumulated amortization of $42,002 and $47,931, respectively, which were included in “other assets” in the consolidated balance sheets. The Company recorded a write-off of intangible assets amounting to $551 and $0 during the years ended December 31, 2021 and 2020, respectively, for the management rights relinquished relating to the Company’s purchase of containers previously managed for a container investor. As of December 31, 2021, the aggregate future amortization of intangible assets of $178 is expected to amortize through 2022.
Revenue Recognition	(e) Revenue Recognition The components of the Company’s revenue as presented in the consolidated statements of operations and in Note 10 “Segment Information” are as follows: Lease Rental Income Lease rental income arises principally from leasing containers to various international shipping lines and includes all rental charges billed to the lessees. Lease rental income - owned fleet comprises rental income for the container fleet owned by the Company. Lease rental income - managed fleet comprises rental income for the container fleet owned by the Container Investors. For lease accounting purposes, the management agreements with these Container Investors are deemed to convey to the Company the right to control the use of the managed containers and are therefore accounted for as “lease rental income - managed fleet” as reported in the consolidated statements of operations (see Note 3 “Managed Container Fleet” for further information). Revenue is recorded when earned according to the terms of the container rental contracts with customers. Revenue is earned and recognized evenly over the period that the equipment is on lease. These contracts are typically for terms of five or more years and are generally classified as operating leases. Where minimum lease payments vary over the lease term, revenue is recognized on a straight-line basis over the term of the lease. Lease rental income comprises daily per diem rental charges due under the lease agreements, together with payments for other charges set forth in the leases, such as handling fees, drop-off charges, pick-up charges, and charges for a damage protection plan. Under long-term lease agreements, containers are usually leased from the Company for periods of five or more years. Under master lease agreements, the lessee is not committed to leasing a minimum number of containers from the Company during the lease term and may generally return the containers to the Company at any time, subject to certain restrictions in the lease agreement. Under long-term lease and master lease agreements, revenue is earned and recognized evenly over the period that the equipment is on lease. Under finance leases, the containers are usually leased from the Company for the remainder of the container’s useful life and ordinarily provide lessees with a right to purchase the subject containers for a nominal amount at the end of the lease term. Finance lease income is recognized using the effective interest method, which generates a constant rate of interest over the period of the lease. Under sales-type leaseback arrangements that are accounted for as financing transactions, payments made by the customers are recorded as a reduction to the container leaseback financing receivable and as interest income. Interest income is recognized using the effective interest method, which generates a constant rate of interest over the period of the arrangement. The Company’s container leases generally do not include step-rent provisions, nor do they depend on indices or rates. The Company recognizes revenue on container leases that include lease concessions in the form of free-rent periods using the straight-line method over the minimum terms of the leases. The Company will cease recognition of lease revenue if and when a container lessee defaults in making timely payments and when determined that future lease payments are not likely to be collected from the lessee (s ee Management Fees - Non-leasing Under the Company’s management service agreements with Container Investors, fees are earned for the acquisition and sale of containers under management (see Note 3 “Managed Container Fleet” for further information). Acquisition fees from purchases of containers for managed fleet are deferred and recognized as earned on a straight-line basis over the deemed lease term. Trading Container Margin The Company’s trading container sales proceeds arise from the resale of new and used containers to a wide variety of buyers. The related expenses represent the cost of trading containers sold as well as other selling costs that are recognized as incurred. Revenue
Allowance for Credit Losses	(f) Allowance for Credit Losses Accounts receivable, net investment in finance leases and container leaseback financing receivable are stated at amortized cost net of allowance for credit losses. Subsequent changes in the estimated allowance for credit losses are recognized in “bad debt (recovery) expense, net” in the consolidated statements of operations (see Note 6 “Allowance for Credit Losses” for further information). Accounts Receivables The Company maintains allowances, if necessary, for doubtful accounts against accounts receivables resulting from the inability of its lessees to make required payments related to billed amounts under the operating leases, finance leases, container leaseback financing receivable and for sales of owned fleet containers and trading containers. The allowance is developed based on two components: (1) specific reserves for receivables for which management believes full collection is doubtful; and (2) a general reserve for estimated losses inherent in the receivables based upon historical trends and age of the balances. These allowances are based on an ongoing review of the credit worthiness, but not limited to, each lessee’s payment history, management’s current assessment of the financial condition of the Company’s lessees , their ability to make their required payments and the recoverability . The Company considers an account past due when a payment has not been received in accordance with the terms of the lease agreement, and i f the financial condition of the Company’s lessees deteriorates resulting in an impairment of their ability to make payments, additional allowances may be required. Accounts receivables are generally written off after an analysis is completed which indicates that collection of the full balance is remote. Changes in economic conditions or other events may necessitate additions or deductions to the allowance for doubtful accounts. The allowance is intended to provide for losses inherent in the owned and managed fleet’s accounts receivable and requires the application of estimates and judgments as to the outcome of collection efforts and the realization of collateral, among other things. Net Investment in Finance Leases and Container Leaseback Financing Receivables The Company maintains allowances for credit losses against net investment in finance leases and container leaseback financing receivable related to unbilled amounts under the finance leases and the sales-type leaseback arrangements accounted for as financing receivable. The Company estimates its potential future expected credit losses based on historical losses from lessee defaults, current economic conditions and reasonable and supportable forecasts that may affect the collectability of the reported amount. The Company monitors its container lessees’ performance and its lease exposures on an ongoing basis. The Company evaluates its exposure by portfolio with similar risk characteristics based on the creditworthiness, external credit data and overall credit quality of its lessees. The Company’s internal risk rating categories are “Tier 1” for the lowest level of risk which are typically the large international shipping lines with strong financial and asset base; “Tier 2” for moderate level of risk which includes lessees which are well-established in the market; and “Tier 3” for the highest level of risk which includes smaller shipping lines or lessees that exhibit high volatility in payments on a regular basis.
Direct Container Expenses – Owned Fleet	(g) Direct Container Expense Direct container expense – owned fleet represents the operating costs arising from the containers owned by the Company and includes storage, handling, maintenance and repair, repositioning, agent, and insurance expense. These costs are recognized when incurred.
Distribution Expense to Managed Fleet Container Investors	( h ) Distribution Expense to Managed Fleet Container Investors The Company’s distribution amounts to Container Investors for the managed fleet includes the net operating income of each Container Investor’s fleet, reduced by associated lease management fees earned and retained by the Company. This amount is also reduced by expenses related to the operation of the managed containers which are presented on a gross basis in the consolidated statements of operations. Expenses related to the operation of the managed containers such as storage, handling, repairs, repositioning, agent, insurance expense and general and administrative expenses are recognized when incurred.
Trading Containers and Containers Held for Resale	( i ) Trading Containers and Containers Held for Resale The Company, through one or more of its subsidiaries, buys trading containers for resale, which are valued at the lower of cost or fair value. The cost of trading containers sold is specifically identified. In addition, containers identified as being available for sale are valued at the lower of carrying value or fair value, less cost to sell. The fair value is estimated based on recent gross sales proceeds for sales of similar containers. Trading containers and containers held for resale are not subject to depreciation.
Foreign Currencies	( j ) Foreign Currencies A functional currency is determined for each of the Company’s entities based on the currency of the primary economic environment in which the entity operates. The Company’s functional currency is the U.S. dollar, excluding its foreign subsidiaries Textainer Equipment Management (United Kingdom) Limited and Textainer Equipment Management (Singapore) Pte Ltd . Assets and liabilities denominated in a currency other than the entity’s functional currency are re-measured into its functional currency at the balance sheet date with a gain or loss recognized in current year net income. Foreign currency exchange gains or losses that arise from exchange rate changes on transactions denominated in a foreign currency are recognized in net income as incurred. Foreign currency exchange losses , reported in “ direct container expense – owned fleet ” in the consolidated statements of operations were $ 195 , $ 251 , and $ 393 for the years ended December 31, 202 1 , 20 20 and 201 9 , respectively. For consolidation purposes, the financial statements are translated into U.S. dollars using the current exchange rate for the assets and liabilities and a weighted average exchange rate for the revenues and expenses recorded during the year with any translation adjustment shown as an element of accumulated other comprehensive income . The Company also has certain cash accounts that are denominated in currencies other than the Company's functional currency, which are remeasured at each balance sheet date at the exchange rates in effect as of those dates. The gains (losses) due to changes in exchange rates from remeasurement were $(524), $654 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively, which were included in “other, net” in the consolidated statements of operations.
Fixed Assets and Capitalized Implementation Costs	( k ) Fixed Assets and Capitalized Implementation Costs Fixed assets are recorded at cost and depreciated on a straight-line basis over the estimated useful lives of such property, furniture and equipment, ranging from three to seven years. Expenditures for maintenance and repairs are expensed as they are incurred. As of December 31, 2021 and 2020, fixed assets amounted to $1,585 and $746, respectively, net of accumulated depreciation of $13,296 and $12,918, respectively, which were included in “other assets” in the consolidated balance sheets. Implementation costs associated with cloud based hosting arrangement that is a service contract are capitalized when incurred during the application development phase. As of December 31, 2021 and 2020, the Company’s capitalized implementation costs amounting to $8,767 and $4,212, respectively, were included in “prepaid expenses and other current assets” in the Company’s consolidated balance sheets. Amortization of the capitalized implementation costs will commence in 2022 when the hosting arrangement is ready for its intended use and will be amortized on a straight-line basis over seven years which is the term of the hosting arrangement, including reasonably certain renewals.
Containers	( l ) Containers Capitalized container costs include the container cost payable to the manufacturer and the associated transportation costs incurred in moving the Company’s containers from the manufacturer to the containers’ first destined port. Containers are depreciated using the straight-line method over their estimated useful lives to an estimated dollar residual value. Used containers are depreciated based upon their remaining useful lives at the date of acquisition to an estimated dollar residual value. The Company evaluates the estimated residual values and remaining estimated useful lives on a regular basis to determine whether a change in its estimates of useful lives and residual values is warranted. To perform this assessment, the Company analyzed sales data over a minimum of a ten-year The Company estimates the useful lives and residual values of its containers to be as follows: As of December 31, 2021 and 2020 Estimated Residual life (years) Value Dry containers other than open top and flat rack containers: 20' 13 $ 1,000 40' 14 $ 1,200 40' high cube 13 $ 1,400 45' high cube 13 $ 1,500 Refrigerated containers: 20' 12 $ 2,750 20' high cube 12 $ 2,049 40' high cube 12 $ 4,000 Open top and flat rack containers: 20' folding flat rack 15 $ 1,300 40' folding flat rack 16 $ 1,700 20' open top 15 $ 1,500 40' open top 14 $ 2,500 Tank containers 20 10% of cost The cost, accumulated depreciation and net book value of the Company’s container leasing equipment by equipment type as of December 31, 2021 and 2020 were as follows: 2021 2020 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Dry containers other than open top and flat rack containers: 20' $ 1,530,464 $ (471,549 ) $ 1,058,915 $ 1,532,753 $ (428,913 ) $ 1,103,840 40' 141,292 (55,448 ) 85,844 144,881 (55,154 ) 89,727 40' high cube 3,496,469 (791,349 ) 2,705,120 2,717,384 (672,416 ) 2,044,968 45' high cube 27,354 (13,871 ) 13,483 27,880 (12,747 ) 15,133 Refrigerated containers: 20' 18,445 (8,899 ) 9,546 20,164 (8,493 ) 11,671 20' high cube 809 (606 ) 203 2,605 (1,742 ) 863 40' high cube 1,163,149 (462,645 ) 700,504 1,103,817 (398,721 ) 705,096 Open top and flat rack containers: 20' folding flat 16,206 (5,291 ) 10,915 17,228 (5,132 ) 12,096 40' folding flat 47,739 (19,073 ) 28,666 49,167 (18,275 ) 30,892 20' open top 13,046 (2,090 ) 10,956 13,253 (1,790 ) 11,463 40' open top 21,394 (4,827 ) 16,567 22,271 (4,738 ) 17,533 Tank containers 107,175 (16,016 ) 91,159 93,240 (11,470 ) 81,770 Total Containers $ 6,583,542 $ (1,851,664 ) $ 4,731,878 $ 5,744,643 $ (1,619,591 ) $ 4,125,052 See Note 3 “Managed Container Fleet” for information on the managed fleet containers included above. Impairment of Container Rental Equipment The Company reviews its containers for impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. The Company compares the carrying value of the containers to the expected future undiscounted cash flows for the purpose of assessing the recoverability of the recorded amounts. If the carrying value exceeds expected future undiscounted cash flows, the assets are reduced to fair value. There was no such impairment on the Company’s leasing equipment for the years ended December 31, 202 1 , 20 20 and 201 9 . Write-Off (Recoveries) of Container Rental Equipment due to Lessees in Default The Company evaluates the recoverability of the recorded amounts of containers that are unlikely to be recovered from lessees in default. The Company recorded impairment charges during the years ended December 31, 2021, 2020 and 2019 of $2,793, $0 and $9,167, respectively, to write-off containers that were unlikely to be recovered from lessees in default, offset by gains of $7,662, $1,647 and $1,988, respectively, associated with recoveries on containers previously estimated as lost with lessees in default. The gain on container recovery of $7,577 during the year ended December 31, 2021 was due to the reinstatement of containers with a previously insolvent and bankrupt lessee who made a successful exit from bankruptcy, and such containers had been written off in 2019. The gain on container recovery of $1,644 during the year ended December 31, 2020 was due to a settlement agreement with an insolvent lessee on containers which were previously written off in 2018. These amounts are recorded in the consolidated statements of operations as “container lessee default (recovery) expense, net”. Impairment of Containers Held for Sale Containers identified as being available for sale are valued at the lower of carrying value or fair value, less costs to sell. The Company records impairment to write-down the value of containers held for sale to their estimated fair value, less cost to sell, under observable (Level 2) market inputs. The fair value was estimated based on recent gross sales proceeds for sales of similar types of containers in the locations in which the containers are stored. When containers are sold or otherwise retired, the cost and related accumulated depreciation are removed, and any resulting gain or loss is recognized. Subsequent additions or reductions to the fair values of these written down assets are recorded as adjustments to the carrying value of the containers held for sale. The carrying value of containers held for sale that have been impaired and written down to their estimated fair value less cost to sell was $270 and $5,845 as of December 31, 2021 and 2020, respectively. Any subsequent increase in fair value less costs to sell is recognized as a reversal of container impairment but not in excess of the cumulative loss previously recognized. During the years ended December 31, 2021, 2020 and 2019, the Company recorded container impairment (reversals) charges of $(385), $11,094 and $14,238, respectively, to write down the value of containers held for sale to their estimated fair value less cost to sell, net of reversals of previously recorded impairments on containers held for sale, due to rising used container prices. The impairment (reversals) charges are included in “depreciation expense” in the consolidated statements of operations. During the years ended December 31, 2021, 2020 and 2019, the Company recorded the following net gain on sale of containers, included in “gain on sale of owned fleet containers, net” in the consolidated statements of operations: 2021 2020 2019 Units Amount Units Amount Units Amount Gain on sale of previously written down owned fleet containers, net 3,430 $ 2,165 51,541 $ 15,451 52,319 $ 6,665 Gain on sale of owned fleet containers not written down, net 50,550 65,064 54,807 11,779 52,126 14,732 Gain on sale of owned fleet containers, net 53,980 $ 67,229 106,348 $ 27,230 104,445 $ 21,397 Gain on sale of owned fleet containers, net The Company also generally sells containers at the end of their useful lives or when it is financially attractive to do so. The gain on sale of owned fleet containers is the excess of the sale price over the carrying value for these units at the time of sale. Revenue is recorded when control of the containers is transferred to the customer, which typically occurs upon delivery to, or pick-up by, the customer and when collectability is reasonably assured. Gain on sale of owned fleet containers, net, also includes gains (losses) recognized at the inception of sales-type leases of our owned fleet, representing the excess (deficiency) of the estimated fair value of containers placed on sales-type leases over (below) their book value.
Income Taxes	(m) Income Taxes The Company uses the asset and liability method to account for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded when the realization of a deferred tax asset is deemed to be unlikely. The Company also accounts for income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in the recognition or measurement are reflected in the period in which the change in judgment occurs. If there are findings in future regulatory examinations of the Company’s tax returns, those findings may result in an adjustment to income tax expense. The Company records interest and penalties related to unrecognized tax benefits in income tax expense.
Debt Issuance Costs	( n ) Debt Issuance Costs The Company capitalizes costs directly associated with the issuance or modification of its debt and the balance of the debt issuance costs, net of amortization, are netted against the debt recorded in the consolidated balance sheets. Debt issuance costs are amortized using the interest rate method and the straight-line method over the general terms of the related fixed principal payment debt and the related revolving debt facilities, respectively, and the amortization is recorded as “interest expense” in the consolidated statements of operations. In 2021, 2020 and 2019, debt issuance costs of $27,895, $13,637 and $9,417, respectively, were capitalized and amortization of debt issuance costs of $9,723, $7,712 and $7,369, respectively, were recorded in interest expense. When the Company’s debt is modified or terminated prior to maturity, any unamortized debt issuance costs related to a decrease in borrowing capacity with any of the Company’s lenders is immediately written-off and recorded in “debt termination expense”. In 2021 and 2020, the Company recorded write-offs of unamortized debt issuance costs and bond discounts of $4,578 and $8,750, respectively (see Note 8 “Debt”). No unamortized debt issuance costs were written-off during the year ended December 31, 2019.
Concentrations	( o ) Concentrations Although substantially all of the Company’s income from operations is derived from assets employed in foreign countries, virtually all of this income is denominated in U.S. dollars. The Company does pay some of its expenses in various foreign currencies. During 2021, 2020 and 2019, $5,024 or 21%, $15,225 or 28%, and $10,527 or 23%, respectively, of the Company’s direct container expenses – owned fleet were paid in foreign currencies. In accordance with its policy, the Company does not hedge these container expenses as there are no significant payments made in any one foreign currency. The Company’s customers are mainly international shipping lines, which transport goods on international trade routes. Once the containers are on-hire with a lessee, the Company does not track their location. The domicile of the lessee is not indicative of where the lessee is transporting the containers. The Company’s business risk in its foreign concentrations lies with the creditworthiness of the lessees rather than the geographic location of the containers or the domicile of the lessees. Total fleet lease rental income, as reported in the consolidated statements of operations, comprises revenue earned from leases on containers in the Company’s total fleet, including revenue earned from leases on containers in its managed fleet. Except for the lessees noted in the table below, no other single lessee accounted for more than 10% of the Company’s total fleet lease rental income during the years ended December 31, 2021, 2020 and 2019, and more than 10% of the Company’s gross accounts receivable from its total fleet as of December 31, 2021 and 2020: Lease Rental Income - total fleet 2021 2020 2019 Customer A 21.0 % 17.8 % 14.8 % Customer B 12.2 % 13.1 % 13.5 % Customer C 12.1 % 9.7 % 8.7 % Gross Accounts Receivable - total fleet 2021 2020 Customer A 24.7 % 25.3 % Customer B 13.9 % 12.6 % Customer C 11.3 % 19.1 %
Derivative Instruments and Hedging	( p ) Derivative Instruments and Hedging The Company has entered into various interest rate swap agreements to mitigate its exposure associated with its variable rate debt. The swap agreements involve payments by the Company to counterparties at fixed rates in return for receipts based upon variable rates indexed to the London Inter Bank Offered Rate (“LIBOR”) or the Secured Overnight Financing Rate (“SOFR”), which is the Company’s replacement rate due to LIBOR transition. The fair value of the derivative instruments is measured at each balance sheet date and is reflected on a gross basis on the consolidated balance sheets. The Company establishes criteria for both the designation and effectiveness of hedging activities. Derivative instruments are designated or non-designated for hedge accounting purposes (see Note 9 Designated Derivative Instruments Derivative instruments that are designated as cash flow hedge for accounting purposes are considered effective hedges and are recorded using hedge accounting. Under cash flow hedging, the change in fair value of derivative instruments is initially reported in the consolidated balance sheets as a component of “accumulated other comprehensive income” and reclassified to earnings in “interest expense, net” when realized or when hedged interest payments are recognized. Non-Designated Derivative Instruments For derivative instruments that are not designated as cash flow hedge for accounting purposes, the change in fair value of derivative instruments is recognized in earnings during the period of change which is recorded in the consolidated statements of operations as “unrealized gain (loss) on financial instruments, net.” differentials
Share Options and Restricted Share Units	( q ) Share Options and Restricted Share Units The Company estimates the fair value of all employee share options, restricted share units (“RSU”) and performance restricted share units (“PSU”) awarded under its 2019 Share Incentive Plan (the “2019 Plan”) on the grant date. The Company uses the Black-Scholes-Merton (“Black-Scholes”) option-pricing model to determine the estimated fair value for share options. The Company uses the fair market value of the Company’s common shares on the grant date, discounted for estimated dividends that will not be received by the employees during the vesting period, for determining the estimated fair value for time based RSUs. For PSUs or market based restricted share units that were granted with a market condition, the Company uses the Monte-Carlo simulation valuation model. See Note 12 “ Share-Based Compensation ” for further discussions. Compensation expense for share options and RSUs with only a service condition is recognized on a straight-line basis over the requisite service period, generally the vesting period of the award. Provided that the requisite service period is rendered, compensation expense for PSUs with a market condition is recognized on a straight-line basis even if the market condition is not achieved. Compensation expense is recognized net of forfeitures that are estimated at the time of grant based on the Company’s historical experience and revised in subsequent periods if actual forfeitures differ from those estimates. The expected forfeiture rate was 3.4%, 3.5 % and 3.4 % as of December 31, 2021, 2020 and 2019, respectively. Share-based compensation expense of $6,699, $4,723 and $4,388 was recorded during 2021, 2020 and 2019, respectively, of which $6,470, $4,257 and $3,780 was presented as a part of “ general and administrative expenses”, and the remaining balance was presented as a part of “direct container expenses – owned fleet”
Comprehensive Income	( r ) Comprehensive Income The Company discloses the effect of its foreign currency translation adjustment, change in fair value of cash flow hedging derivative instruments, and reclassification of realized gain or loss on cash flow hedging instruments as components of “other comprehensive income” in the Company’s consolidated statements of comprehensive income.
Estimates	( s ) Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s management evaluates its estimates on an ongoing basis, including those related to the container rental equipment, containers held for sale, allowance for credit losses, income taxes and accruals. These estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments regarding the carrying values of assets and liabilities. Actual results could differ from those estimates under different assumptions or conditions.
Net Income Attributable to Common Shareholders Per Common Share	( t ) Net Income Attributable to Common Shareholders Per Common Share Basic earnings per share (“EPS”) is computed by dividing net income attributable to common shareholders by the weighted average number of shares outstanding during the applicable period. Diluted EPS reflects the potential dilution that could occur if all outstanding share options were exercised for, and all outstanding RSUs and PSUs were converted into, common shares. Potentially dilutive share options, RSUs and PSUs that were anti-dilutive under the treasury stock method were excluded from the computation of diluted EPS. A reconciliation of the numerator and denominator of basic EPS with that of diluted EPS during 2021, 2020 and 2019 is presented as follows: Share amounts in thousands 2021 2020 2019 Numerator: Net income attributable to common shareholders $ 273,459 $ 72,822 $ 56,724 Denominator: Weighted average common shares outstanding-- basic 49,624 53,271 57,349 Dilutive share options, RSUs and PSUs 952 210 110 Weighted average common shares outstanding-- diluted 50,576 53,481 57,459 Net income attributable to common shareholders per common share Basic $ 5.51 $ 1.37 $ 0.99 Diluted $ 5.41 $ 1.36 $ 0.99 Share options, RSUs and PSUs excluded from the computation of diluted EPS because they were anti-dilutive 334 1,674 1,805
Fair Value Measurements	( u ) Fair Value Measurements Fair value represents the price that would be received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. The Company utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those levels: • Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices which are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. • Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. As of December 31, 2021 and 2020, the carrying amounts of cash and cash equivalents, restricted cash, accounts receivable and payable, due from affiliates, net, container contracts payable, and due to container investors, net, approximate their fair values due to the short-term nature of these financial instruments. See Fair Value of Marketable Equity Securities As of December 31, 2021, the Company held investments in marketable equity securities with readily determinable fair values of $2,866 (see Note 2 “Insurance Receivable and Impairment”). The fair value of investments in equity securities is measured at each balance sheet date based on quoted market prices (Level 1) and the change in fair value of marketable securities still held as of December 31, 2021 was $(589) during the year ended December 31, 2021, which was included as “unrealized gain (loss) on financial instruments, net” in the consolidated statements of operations. There were no marketable equity securities as of December 31, 2020. Fair Value of Other Assets and Liabilities At December 31, 2021 and 2020, the fair value of net investment in finance leases (including the short-term balance) was approximately $1,810,712 and $856,392, respectively, compared to book values of $1,806,090 and $879,960, respectively. At December 31, 2021 and 2020, the fair value of container leaseback financing receivable (including the short-term balance) was approximately $357,828 and $363,774, respectively, compared to book values of $354,147 and $363,868, respectively. At December 31, 2021 and 2020, the fair value of long-term debt (including current maturities) based on the borrowing rates available to the Company was approximately $5,320,366 and $4,144,332, respectively, compared to book values of $5,340,521 and $4,115,344, respectively.
Leases	( v ) Leases The Company adopted FASB Accounting Standards Update No. 2016-02, Leases (“ASU 2016-02”) on the effective date of January 1, 2019 by using the effective date transition method and by electing the “package of practical expedients.” As a result of the adoption of the new lease accounting guidance, the Company’s accounting (as a lessor) for finance leases and operating leases remained substantially unchanged and did not have an impact on the timing of revenue recognition relating to lease rental income in its consolidated statements of operations. See Note 5 “Leases” for further discussion. In July 2021, the FASB issued Accounting Standards Update No. 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments ASU 2021-05 requires a lessor to classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if both of the following criteria are met: 1) The lease would have been classified as a sales-type lease or a direct financing lease in accordance with the classification criteria in Topic 842; and 2) The lessor would have otherwise recognized a day-one loss. ASU 2021-05 is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. The Company will adopt ASU 2021-05 effective January 1, 2022 on a prospective basis and expects no impact on the Company’s consolidated financial statements.
Reclassifications and Changes in Presentation	( w ) Reclassifications and Changes in Presentation Certain prior period amounts for the years ended December 31, 2020 and 2019 have been reclassified to conform to the current period presentation. The Company reclassified the amounts out of the separate line items “fixed assets, net of accumulated depreciation” and “intangible assets, net of accumulated amortization” to be included within the line item “other assets” in the consolidated balance sheets. The Company reclassified the amounts out of the previously reported line item “write-off of unamortized debt issuance costs and bond discounts” to the line item “debt termination expense” in the consolidated statements of operations. Additionally, amounts for write-off of unamortized debt issuance costs and bond discounts were reclassified out of the previously reported line item “amortization and write-off of unamortized debt issuance costs and accretion of bond discounts” to be included within the line item “debt termination expense” in the consolidated statements of cash flows. The changes in the presentation have no impact on “total assets” , “net income” and “net increase (decrease) in cash, cash equivalents and restricted cash”.
Recently Issued Accounting Standards and Pronouncements	( x ) Recently Issued Accounting Standards and Pronouncements In March 2020, the FASB issued Accounting Standards Update No. 2020-04, Reference Rate Reform (“Topic 848”) In January 2021, the FASB also issued , Reference Rate Reform: Scope (“ASU 2021-01”), which expands the scope of Topic 848 . The amendments provide optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. In August 2020, the FASB issued Accounting Standards Update No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”). The new guidance simplifies the accounting for convertible debt and convertible preferred stock by removing the requirements to separately present certain conversion features in equity. In addition, ASU 2020-06 amends the derivative scope exception for contracts in an entity’s own equity by removing certain criteria that must be satisfied in order to classify a contract as equity. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. Effective January 1, 2021 2020-06 using the modified retrospective approach with no impact on the Company’s consolidated financial statements.

Nature of Business and Summar_3

Nature of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Cost, Accumulated Depreciation and Net Book Value of the Company's Leasing Equipment by Equipment Type	The Company estimates the useful lives and residual values of its containers to be as follows: As of December 31, 2021 and 2020 Estimated Residual life (years) Value Dry containers other than open top and flat rack containers: 20' 13 $ 1,000 40' 14 $ 1,200 40' high cube 13 $ 1,400 45' high cube 13 $ 1,500 Refrigerated containers: 20' 12 $ 2,750 20' high cube 12 $ 2,049 40' high cube 12 $ 4,000 Open top and flat rack containers: 20' folding flat rack 15 $ 1,300 40' folding flat rack 16 $ 1,700 20' open top 15 $ 1,500 40' open top 14 $ 2,500 Tank containers 20 10% of cost The cost, accumulated depreciation and net book value of the Company’s container leasing equipment by equipment type as of December 31, 2021 and 2020 were as follows: 2021 2020 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Dry containers other than open top and flat rack containers: 20' $ 1,530,464 $ (471,549 ) $ 1,058,915 $ 1,532,753 $ (428,913 ) $ 1,103,840 40' 141,292 (55,448 ) 85,844 144,881 (55,154 ) 89,727 40' high cube 3,496,469 (791,349 ) 2,705,120 2,717,384 (672,416 ) 2,044,968 45' high cube 27,354 (13,871 ) 13,483 27,880 (12,747 ) 15,133 Refrigerated containers: 20' 18,445 (8,899 ) 9,546 20,164 (8,493 ) 11,671 20' high cube 809 (606 ) 203 2,605 (1,742 ) 863 40' high cube 1,163,149 (462,645 ) 700,504 1,103,817 (398,721 ) 705,096 Open top and flat rack containers: 20' folding flat 16,206 (5,291 ) 10,915 17,228 (5,132 ) 12,096 40' folding flat 47,739 (19,073 ) 28,666 49,167 (18,275 ) 30,892 20' open top 13,046 (2,090 ) 10,956 13,253 (1,790 ) 11,463 40' open top 21,394 (4,827 ) 16,567 22,271 (4,738 ) 17,533 Tank containers 107,175 (16,016 ) 91,159 93,240 (11,470 ) 81,770 Total Containers $ 6,583,542 $ (1,851,664 ) $ 4,731,878 $ 5,744,643 $ (1,619,591 ) $ 4,125,052
Net Gain on Sale of Owned Fleet Containers	During the years ended December 31, 2021, 2020 and 2019, the Company recorded the following net gain on sale of containers, included in “gain on sale of owned fleet containers, net” in the consolidated statements of operations: 2021 2020 2019 Units Amount Units Amount Units Amount Gain on sale of previously written down owned fleet containers, net 3,430 $ 2,165 51,541 $ 15,451 52,319 $ 6,665 Gain on sale of owned fleet containers not written down, net 50,550 65,064 54,807 11,779 52,126 14,732 Gain on sale of owned fleet containers, net 53,980 $ 67,229 106,348 $ 27,230 104,445 $ 21,397
Schedule of Concentration Risk of Total Fleet Lease Rental Income	Except for the lessees noted in the table below, no other single lessee accounted for more than 10% of the Company’s total fleet lease rental income during the years ended December 31, 2021, 2020 and 2019, and more than 10% of the Company’s gross accounts receivable from its total fleet as of December 31, 2021 and 2020: Lease Rental Income - total fleet 2021 2020 2019 Customer A 21.0 % 17.8 % 14.8 % Customer B 12.2 % 13.1 % 13.5 % Customer C 12.1 % 9.7 % 8.7 %
Reconciliation of Numerator and Denominator of Basic Earnings Per Share ("EPS") With That of Diluted EPS	A reconciliation of the numerator and denominator of basic EPS with that of diluted EPS during 2021, 2020 and 2019 is presented as follows: Share amounts in thousands 2021 2020 2019 Numerator: Net income attributable to common shareholders $ 273,459 $ 72,822 $ 56,724 Denominator: Weighted average common shares outstanding-- basic 49,624 53,271 57,349 Dilutive share options, RSUs and PSUs 952 210 110 Weighted average common shares outstanding-- diluted 50,576 53,481 57,459 Net income attributable to common shareholders per common share Basic $ 5.51 $ 1.37 $ 0.99 Diluted $ 5.41 $ 1.36 $ 0.99 Share options, RSUs and PSUs excluded from the computation of diluted EPS because they were anti-dilutive 334 1,674 1,805
Accounts Receivable
Schedule of Concentration Risk of Total Fleet Lease Rental Income	Gross Accounts Receivable - total fleet 2021 2020 Customer A 24.7 % 25.3 % Customer B 13.9 % 12.6 % Customer C 11.3 % 19.1 %

Managed Container Fleet (Tables

Managed Container Fleet (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue From Contract With Customer [Abstract]
Schedule of Company's Leasing Equipment	The Company’s container leasing equipment includes such managed containers in the consolidated balance sheets as of December 31, 2021 and 2020, which consisted of the following: 2021 2020 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Containers - owned fleet $ 6,566,785 $ (1,850,721 ) $ 4,716,064 $ 5,740,717 $ (1,619,304 ) $ 4,121,413 Containers - managed fleet 16,757 (943 ) 15,814 3,926 (287 ) 3,639 Total containers $ 6,583,542 $ (1,851,664 ) $ 4,731,878 $ 5,744,643 $ (1,619,591 ) $ 4,125,052
Summary of Total Lease Management Fee Income from Managed Fleet, Including Management Fees Earned from Acquisition Fees and Sales Commissions	Total management fee income from the managed fleet, including management fees earned from acquisition fees and sales commissions during 2021, 2020 and 2019 were as follows (also, see Note 4 “Transactions with Affiliates and Container Investors”): 2021 2020 2019 Lease rental income - managed fleet $ 56,037 $ 62,448 $ 101,901 Less: distribution expense to managed fleet container investors (50,360 ) (57,311 ) (93,858 ) Less: depreciation and interest expense on managed containers purchased on or after January 1, 2019 (1,348 ) (730 ) (394 ) Management fees from leasing 4,329 4,407 7,649 Management fees from non-leasing services 3,360 5,271 7,590 Total management fees $ 7,689 $ 9,678 $ 15,239
Summary of Reconciliation of Balance Sheet Accounts From the Managed Fleet to Total Amount in Condensed Consolidated Balance Sheets	The following table provides a reconciliation of the balance sheet accounts from the managed fleet to the total amount as of December 31, 2021 and 2020 in the consolidated balance sheets 2021 2020 Accounts receivable, net - owned fleet $ 118,107 $ 97,950 Accounts receivable, net - managed fleet 7,639 10,628 Total accounts receivable, net $ 125,746 $ 108,578 Prepaid expenses and other current assets - owned fleet $ 14,142 $ 13,614 Prepaid expenses and other current assets - managed fleet 42 99 Total prepaid expenses and other current assets $ 14,184 $ 13,713 Accounts payable and accrued expenses - owned fleet $ 21,736 $ 23,198 Accounts payable and accrued expenses - managed fleet 375 1,187 Total accounts payable and accrued expenses $ 22,111 $ 24,385 Container contracts payable - owned fleet $ 140,968 $ 231,647 Total container contracts payable $ 140,968 $ 231,647

Transactions with Affiliates _2

Transactions with Affiliates and Container Investors (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Total Management Fees Earned from the Managed Fleet, Including Acquisition Fees and Sales Commissions	Total management fees earned from the Company’s managed fleet, including acquisition fees and sales commissions during 2021, 2020 and 2019 were as follows: 2021 2020 2019 Fees from affiliated Container Investors $ — $ — $ 3,527 Fees from unaffiliated Container Investors 7,689 9,678 11,374 Fees from Container Investors 7,689 9,678 14,901 Other fees — — 338 Total management fees $ 7,689 $ 9,678 $ 15,239
Summary of Due to Container Investors, Net	The following table provides a summary of due to container investors, net at December 31, 2021 and 2020: 2021 2020 Accounts receivable, net - managed fleet $ 7,639 $ 10,628 Prepaid expenses and other current assets - managed fleet 42 99 Accounts payable and accrued expenses - managed fleet (375 ) (1,187 ) 7,306 9,540 Distributions due to container investors on lease rentals collected, net of container expenses paid and management fees 10,679 9,157 Due to container investors, net $ 17,985 $ 18,697

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of Lease Rental Income	The Company’s lease rental income during 2021, 2020 and 2019 were as follows: 2021 2020 2019 Owned Managed Total Owned Managed Total Owned Managed Total Lease rental income - operating leases $ 577,946 $ 54,652 $ 632,598 $ 469,109 $ 58,175 $ 527,284 $ 470,722 $ 96,227 $ 566,949 Interest income on net investment in finance leases 82,659 — 82,659 30,121 — 30,121 15,356 — 15,356 Interest income on container leaseback financing receivable 21,380 — 21,380 17,243 — 17,243 10,313 — 10,313 Variable lease revenue 12,708 1,385 14,093 21,952 4,273 26,225 21,468 5,674 27,142 Total lease rental income $ 694,693 $ 56,037 $ 750,730 $ 538,425 $ 62,448 $ 600,873 $ 517,859 $ 101,901 $ 619,760
Schedule Future Minimum Lease Payments Receivable	Operating Leases The following is a schedule, by year, of future minimum lease payments receivable under the long-term leases for the owned and managed container fleet as of December 31, 2021: Owned Managed Total Year ending December 31: 2022 446,284 29,946 476,230 2023 400,845 26,955 427,800 2024 332,978 23,508 356,486 2025 258,530 18,888 277,418 2026 187,451 13,976 201,427 2027 and thereafter 364,757 15,824 380,581 Total future minimum lease payments receivable $ 1,990,845 $ 129,097 $ 2,119,942
Schedule of Components of Container Leaseback Financing Receivable	The following table represents the components of the container leaseback financing receivable as of December 31, 2021 and 2020: 2021 2020 Future minimum payments receivable $ 483,325 $ 505,473 Less: unearned income (129,065 ) (141,181 ) Container leaseback financing receivable (1) 354,260 364,292 Less: Allowance for credit losses (113 ) (424 ) Container leaseback financing receivable, net $ 354,147 $ 363,868 Amounts due within one year 30,317 27,076 Amounts due beyond one year 323,830 336,792 Container leaseback financing receivable, net $ 354,147 $ 363,868 (1) One major customer represented 90.6% and 89.7% of the Company’s container leaseback financing receivable portfolio as of December 31, 2021 and 2020, respectively. As of December 31, 2020, one other customer represented 10.3% of the Company’s container leaseback financing receivable portfolio.
Schedule of Components of Net Investment in Finance Leases	Net Investment in Finance Leases The following table represents the components of the net investment in finance leases as of December 31, 2021 and 2020: 2021 2020 Future minimum lease payments receivable $ 2,558,339 $ 1,216,086 Residual value of containers 16,532 12,601 Less: unearned income (768,038 ) (347,394 ) Net investment in finance leases (1) $ 1,806,833 $ 881,293 Less: Allowance for credit losses (743 ) (1,333 ) Net investment in finance leases, net $ 1,806,090 $ 879,960 Amounts due within one year $ 113,048 $ 78,459 Amounts due beyond one year 1,693,042 801,501 Net investment in finance leases, net $ 1,806,090 $ 879,960 (1) One major customer represented 85.1% and 80.1% of the Company’s finance lease portfolio as of December 31, 2021 and 2020, respectively. No other customer represented more than 10% of the Company’s finance leases portfolio in each of those periods.
Future Minimum Lease Payments Receivable Under Direct Financing and Sales-type Leases	The following is a schedule by year of future minimum lease payments receivable under container leaseback financing receivable and net investment in finance leases as of December 31, 2021: Year ending December 31: Container Leaseback Financing Receivable Net Investment in Finance Leases Total 2022 $ 50,515 $ 215,431 $ 265,946 2023 50,514 205,192 255,706 2024 46,427 201,925 248,352 2025 39,015 196,225 235,240 2026 37,524 198,151 235,675 2027 and thereafter 259,330 1,541,415 1,800,745 Total future minimum lease payments receivable $ 483,325 $ 2,558,339 $ 3,041,664
Schedule of Rent Expense and Other Information Related to Operating Leases	Rent expense and other information related to the Company's operating leases during 2021, 2020 and 2019 are as follows: 2021 2020 2019 Operating lease cost $ 2,103 $ 2,103 $ 2,095 Short-term and variable lease cost 112 128 138 Total rent expense $ 2,215 $ 2,231 $ 2,233 Cash paid for amounts included in the measurement of lease liabilities $ 2,379 $ 2,221 $ 2,098
Minimum Lease Payment under Noncancelable Operating Leases	Future minimum lease payment obligations under the Company’s noncancelable operating leases at December 31, 2021 were as follows: Operating leasing Year ending December 31: 2022 2,271 2023 2,417 2024 2,397 2025 2,130 2026 2,179 2027 and thereafter 935 Total minimum lease payments 12,329 Less imputed interest (1,285 ) Total present value of operating lease liabilities $ 11,044

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2021
Allowance For Credit Loss [Abstract]
Summary of Net Investment in Finance Leases and Container Leaseback Financing Receivable	The following table presents the net investment in finance leases and container leaseback financing receivable by internal credit rating category and year of origination as of December 31, 2021: Year Ended December 31, 2021 2020 2019 2018 2017 Prior Total Tier 1 $ 859,924 $ 594,567 $ 105,141 $ 33,410 $ 6,864 $ 9,500 $ 1,609,406 Tier 2 86,117 37,232 33,959 18,612 5 4,910 180,835 Tier 3 7,712 2,347 5,855 535 — 143 16,592 Net investment in finance leases $ 953,753 $ 634,146 $ 144,955 $ 52,557 $ 6,869 $ 14,553 $ 1,806,833 Tier 1 $ 12,108 $ 107,758 $ 201,114 $ — $ — $ — $ 320,980 Tier 2 5,290 — 27,990 — — — 33,280 Container leaseback financing receivable $ 17,398 $ 107,758 $ 229,104 $ — $ — $ — $ 354,260

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Component of Income Tax Expense	The Company estimates its tax liability based upon its understanding of the tax laws of the various countries in which it operates. Income tax expense (benefit) for 2021, 2020 and 2019 consisted of the following: 2021 2020 2019 Current Bermuda $ — $ — $ — Foreign 594 446 499 594 446 499 Deferred Bermuda — — — Foreign 1,179 (819 ) 1,449 1,179 (819 ) 1,449 $ 1,773 $ (374 ) $ 1,948
Components of Income Before Income Taxes and Noncontrolling Interest	The components of income before income taxes and noncontrolling interest were as follows: 2021 2020 2019 Bermuda sources $ — $ — $ — Foreign sources 286,061 73,299 58,504 $ 286,061 $ 73,299 $ 58,504
Reconciliation of Differences between Bermuda Statutory Income Tax Rate and Effective Tax Rate	A reconciliation of the differences between the Bermuda statutory income tax rate and the effective tax rate as provided in the consolidated statements of operations is as follows: 2021 2020 2019 Bermuda tax rate $ — 0.00 % $ — 0.00 % $ — 0.00 % Foreign tax rate 271 0.09 % (1,291 ) (1.76 )% 188 0.32 % Tax uncertainties 1,502 0.53 % 917 1.25 % 1,760 3.01 % $ 1,773 0.62 % $ (374 ) (0.51 )% $ 1,948 3.33 % The components of income tax expense and effective tax rate were as follows: 2021 2020 2019 Income before income tax and noncontrolling interests $ 286,061 $ 73,299 $ 58,504 Tax uncertainties $ 1,502 0.53 % $ 917 1.25 % $ 1,760 3.01 % Foreign taxes Stock base compensation (622 ) (0.22 )% (94 ) (0.13 )% 390 0.67 % 162(m) officers' compensation 412 0.14 % 102 0.14 % 15 0.03 % Adjustment for prior years (392 ) (0.14 )% 47 0.06 % 270 0.46 % Foreign derived intangible income (329 ) (0.12 )% (112 ) (0.15 )% (77 ) (0.13 )% Valuation allowance (382 ) (0.13 )% 67 0.09 % 315 0.54 % Foreign rate difference 1,583 0.55 % (1,333 ) (1.82 )% (778 ) (1.33 )% Other 1 0.00 % 32 0.04 % 53 0.09 % 271 0.09 % (1,291 ) (1.76 )% 188 0.32 % $ 1,773 0.62 % $ (374 ) (0.51 )% $ 1,948 3.33 %
Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2021 and 2020 are presented below: 2021 2020 Deferred tax assets Net operating loss carryforwards $ 17,765 $ 19,284 Other 1,006 1,457 18,771 20,741 Valuation allowance — (382 ) Deferred tax assets 18,771 20,359 Deferred tax liabilities Containers, net 25,287 25,043 Other — 654 Deferred tax liabilities 25,287 25,697 Net deferred tax liabilities $ 6,516 $ 5,338
Reconciliation of Beginning and Ending Unrecognized Tax Benefit Amount	A reconciliation of the beginning and ending unrecognized tax benefit amounts for 2021 and 2020 are as follows: Balance at December 31, 2019 19,642 Increases related to prior year tax positions 19 Increases related to current year tax positions 2,357 Lapse of statute of limitations (1,444 ) Balance at December 31, 2020 $ 20,575 Increases related to prior year tax positions 156 Increases related to current year tax positions 2,878 Lapse of statute of limitations (1,457 ) Balance at December 31, 2021 $ 22,152

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt Obligation	The following represents the Company’s debt obligations as of December 31, 2021 and 2020: Secured Debt Facilities, Revolving Credit Facilities, Term Loan and Bonds Payable 2021 2020 Outstanding Average Interest Outstanding Average Interest Final Maturity TL Revolving Credit Facility $ 1,059,950 1.60 % $ 1,433,919 1.65 % September 2023 TL 2019 Term Loan 137,513 3.50 % 148,131 3.50 % December 2026 TL 2021-1 Term loan 65,131 2.65 % — 0.00 % February 2028 TL 2021-2 Term Loan 204,712 2.90 % — 0.00 % October 2028 TMCL II Secured Debt Facility (1) 1,067,886 1.75 % 646,551 1.91 % November 2028 TMCL VI Term Loan — 0.00 % 223,630 4.29 % — TMCL VII 2019-1 Bonds — 0.00 % 300,305 4.02 % — TMCL VII 2020-1 Bonds 384,611 3.07 % 429,600 3.07 % August 2045 TMCL VII 2020-2 Bonds 530,565 2.26 % 587,183 2.26 % September 2045 TMCL VII 2020-3 Bonds 194,414 2.15 % 214,168 2.15 % September 2045 TMCL VII 2021-1 Bonds 508,024 1.72 % — 0.00 % February 2046 TMCL VII 2021-2 Bonds 610,111 2.27 % — 0.00 % April 2046 TMCL VII 2021-3 Bonds 577,603 1.98 % — 0.00 % August 2046 TAP Funding Revolving Credit Facility — 0.00 % 131,857 2.11 % — Total debt obligations $ 5,340,520 $ 4,115,344 Amount due within one year $ 380,207 $ 408,365 Amounts due beyond one year $ 4,960,313 $ 3,706,979 (1) Final maturity of the TMCL II Secured Debt Facility is based on the assumption that the facility will not be extended on its scheduled conversion date.
Estimated Future Scheduled Repayments	The following is a schedule of future scheduled repayments, by year, and borrowing capacities, as of December 31, 2021: Twelve months ending December 31, Available borrowing, Current and Available Borrowing, 2022 2023 2024 2025 2026 2027 and thereafter Total Borrowing as limited by the Borrowing Base as limited by the Borrowing Base TL Revolving Credit Facility $ — $ 1,062,858 $ — $ — $ — $ — $ 1,062,858 $ 299,494 $ 1,362,352 TL 2019 Term Loan 11,285 11,686 12,102 12,532 90,973 — 138,578 — 138,578 TL 2021-1 Term loan 5,490 5,637 5,789 5,944 6,103 36,841 65,804 — 65,804 TL 2021-2 Term Loan 14,434 14,858 15,294 15,743 16,205 130,101 206,635 — 206,635 TMCL II Secured Debt Facility (1) 75,345 69,210 70,628 82,028 74,191 702,339 1,073,741 — 1,073,741 TMCL VII 2020-1 Bonds (2) 56,921 57,675 58,419 57,411 51,728 106,040 388,194 — 388,194 TMCL VII 2020-2 Bonds (2) 61,149 66,779 69,345 69,631 68,296 200,490 535,690 — 535,690 TMCL VII 2020-3 Bonds (2) 20,111 20,111 20,111 20,111 20,111 95,306 195,861 — 195,861 TMCL VII 2021-1 Bonds (2) 44,000 44,000 44,000 44,000 44,000 293,333 513,333 — 513,333 TMCL VII 2021-2 Bonds (2) 52,096 52,096 52,096 52,096 52,096 355,989 616,469 — 616,469 TMCL VII 2021-3 Bonds (2) 48,000 48,000 48,000 48,000 48,000 344,000 584,000 — 584,000 Total (3) $ 388,831 $ 1,452,910 $ 395,784 $ 407,496 $ 471,703 $ 2,264,439 $ 5,381,163 $ 299,494 $ 5,680,657 (1) The estimated future scheduled repayments for TMCL II Secured Debt Facility are based on the assumption that the facility will not be extended on its associated conversion date. ( 2 ) Future scheduled payments for all bonds payable exclude unamortized discounts in an aggregate amount of $613. ( 3 ) Future scheduled payments for all debts exclude prepaid debt issuance costs in an aggregate amount of $40,030.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instrument Detail [Abstract]
Notional Amount and Fair Value of Derivative Instruments	The following table summarizes the fair value of derivative instruments, which are inclusive of counterparty risk, on the consolidated balance sheets 2021 2020 Assets Interest rate swaps - designated as hedges $ 12,278 $ 47 Total $ 12,278 $ 47 Liabilities Interest rate swaps - designated as hedges $ 2,139 $ 9,665 Interest rate swaps - not designated as hedges — 19,570 Total $ 2,139 $ 29,235
Summary of Derivative Instruments	The following table summarizes the Company’s derivative instruments , which were all designated as cash flow hedges as of December 31, 2021: Notional Derivative instruments amount Interest rate swap contracts with several banks that were indexed to one-month LIBOR, with fixed rates between 0.17% and 1.28% per annum, amortizing notional amounts, with termination dates through May 30, 2031 $ 856,250 Interest rate swap contracts with several banks that were indexed to daily SOFR, with fixed rates between 0.36% and 1.48% per annum, amortizing notional amounts, with termination dates through March 17, 2031 (1) 868,000 Total notional amount as of December 31, 2021 $ 1,724,250 (1) In November 2021, the Company amended certain interest rate swap contracts which were related to the replacement of LIBOR to SOFR due to the reference rate reform.
Summary of Pre-tax Impact of Derivative Instruments on Consolidated Statements of Operations and Comprehensive Income	The following table summarizes the pre-tax impact of derivative instruments on the consolidated statements of operations and comprehensive income during the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 Derivative instruments Financial Statement Caption Non-designated Realized (loss) gain on financial instruments, net $ (5,408 ) $ (12,295 ) $ 1,939 Non-designated Unrealized gain (loss) on financial instruments, net $ 5,220 $ (6,044 ) $ (15,442 ) Designated Other comprehensive income (loss) $ 10,986 $ (12,307 ) $ (110 ) Designated Interest expense, net $ (8,771 ) $ (2,806 ) $ 7

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Summary of Segment Information	The following tables show segment information for 2021, 2020 and 2019: Container Container Container 2021 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 694,045 $ 648 $ — $ — $ — $ 694,693 Lease rental income - managed fleet — 56,037 — — — 56,037 Lease rental income $ 694,045 $ 56,685 $ — $ — $ — $ 750,730 Management fees - non-leasing from external customers $ — $ 373 $ 2,987 $ — $ — $ 3,360 Inter-segment management fees $ — $ 83,074 $ 9,954 $ — $ (93,028 ) $ — Trading container margin $ — $ — $ 10,760 $ — $ — $ 10,760 Gain on sale of owned fleet containers, net $ 67,229 $ — $ — $ — $ — $ 67,229 Depreciation expense $ 289,610 $ 1,110 $ — $ — $ (9,145 ) $ 281,575 Container lessee default recovery, net $ 1,088 $ — $ — $ — $ — $ 1,088 Interest expense $ 126,628 $ 641 $ — $ — $ — $ 127,269 Debt termination expense $ 15,209 $ — $ — $ — $ — $ 15,209 Realized loss on financial instruments, net $ 5,408 $ 226 $ — $ — $ — $ 5,634 Unrealized gain (loss) on financial instruments, net $ 5,220 $ (811 ) $ — $ — $ — $ 4,409 Segment income (loss) before income tax (1) $ 239,857 $ 46,706 $ 19,166 $ (4,845 ) $ (14,823 ) $ 286,061 Income tax expense $ 1,404 $ 369 $ — $ — $ — $ 1,773 Total assets $ 7,269,451 $ 230,810 $ 15,819 $ 12,644 $ (161,280 ) $ 7,367,444 Purchase of containers and fixed assets $ 1,991,898 $ 1,242 $ — $ — $ — $ 1,993,140 Payments on container leaseback financing receivable $ 18,705 $ — $ — $ — $ — $ 18,705 Container Container Container 2020 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 537,534 $ 891 $ — $ — $ — $ 538,425 Lease rental income - managed fleet — 62,448 — — — 62,448 Lease rental income $ 537,534 $ 63,339 $ — $ — $ — $ 600,873 Management fees - non-leasing from external customers $ 392 $ 129 $ 4,750 $ — $ — $ 5,271 Inter-segment management fees $ — $ 54,899 $ 12,575 $ — $ (67,474 ) $ — Trading container margin $ — $ — $ 3,532 $ — $ — $ 3,532 Gain on sale of owned fleet containers, net $ 27,230 $ — $ — $ — $ — $ 27,230 Depreciation expense $ 268,401 $ 939 $ — $ — $ (7,675 ) $ 261,665 Container lessee default recovery, net $ 1,675 $ — $ — $ — $ — $ 1,675 Interest expense $ 122,863 $ 367 $ — $ — $ — $ 123,230 Debt termination expense $ 8,750 $ — $ — $ — $ — $ 8,750 Realized loss on financial instruments, net $ 12,295 $ — $ — $ — $ — $ 12,295 Unrealized loss on financial instruments, net $ 6,044 $ — $ — $ — $ — $ 6,044 Segment income (loss) before income tax and noncontrolling interests (1) $ 41,831 $ 23,641 $ 16,433 $ (3,254 ) $ (5,352 ) $ 73,299 Income tax benefit (expense) $ 1,088 $ (714 ) $ — $ — $ — $ 374 Total assets $ 5,641,866 $ 180,933 $ 12,050 $ 13,691 $ (107,164 ) $ 5,741,376 Purchase of containers and fixed assets $ 968,204 $ 194 $ — $ — $ — $ 968,398 Payments on container leaseback financing receivable $ 116,263 $ — $ — $ — $ — $ 116,263 Container Container Container 2019 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 516,307 $ 1,552 $ — $ — $ — $ 517,859 Lease rental income - managed fleet — 101,901 — — — 101,901 Lease rental income $ 516,307 $ 103,453 $ — $ — $ — $ 619,760 Management fees - non-leasing from external customers $ 219 $ 1,646 $ 5,725 $ — $ — $ 7,590 Inter-segment management fees $ — $ 48,215 $ 12,323 $ — $ (60,538 ) $ — Trading container margin $ — $ — $ 7,398 $ — $ — $ 7,398 Gain on sale of owned fleet containers, net $ 21,397 $ — $ — $ — $ — $ 21,397 Depreciation expense $ 266,832 $ 916 $ — $ — $ (7,376 ) $ 260,372 Container lessee default expense, net $ 7,867 $ — $ — $ — $ — $ 7,867 Interest expense $ 152,914 $ 271 $ — $ — $ — $ 153,185 Realized gain on financial instruments, net $ 1,946 $ — $ — $ — $ — $ 1,946 Unrealized loss on financial instruments, net $ 15,442 $ — $ — $ — $ — $ 15,442 Segment income (loss) before income tax and noncontrolling interests (1) $ 14,296 $ 27,747 $ 21,036 $ (4,089 ) $ (486 ) $ 58,504 Income tax expense $ 1,086 $ 862 $ — $ — $ — $ 1,948 Total assets $ 5,101,301 $ 184,215 $ 19,573 $ 7,206 $ (109,678 ) $ 5,202,617 Purchase of containers and fixed assets $ 420,971 $ 12,706 $ — $ — $ — $ 433,677 Payments on container leaseback financing receivable $ 281,445 $ — $ — $ — $ — $ 281,445 (1) Container Ownership segment income (loss) before income tax and noncontrolling interests includes unrealized gain (loss) on financial instruments, net of $4,409, $(6,044) and $(15,442) for the years ended December 31, 2021, 2020 and 2019, respectively, and debt termination expense of $15,209, $8,750 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively.
Segment Information Geographic Allocation of Lease Rental Income and Management Fees	The following table represents the geographic allocation of total fleet lease rental income and management fees from non-leasing services during the years ended December 31, 2021, 2020 and 2019 based on customers’ and Container Investors’ primary domicile: Years ended December 31, 2021 Percent of Total 2020 Percent of Total 2019 Percent of Total Lease rental income: Asia $ 373,614 49.8 % $ 302,709 50.4 % $ 329,567 53.2 % Europe 343,351 45.7 % 266,431 44.3 % 255,495 41.2 % North / South America 32,296 4.3 % 29,391 4.9 % 31,786 5.1 % Bermuda — — — — — — All other international 1,469 0.2 % 2,342 0.4 % 2,912 0.5 % $ 750,730 100.0 % $ 600,873 100.0 % $ 619,760 100.0 % Management fees, non-leasing: Bermuda $ 1,699 50.6 % $ 2,797 53.1 % $ 4,576 60.2 % Europe 1,530 45.5 % 2,397 45.5 % 2,334 30.8 % Asia 45 1.3 % 11 0.2 % 28 0.4 % North / South America 23 0.7 % 9 0.2 % 342 4.5 % All other international 63 1.9 % 57 1.0 % 310 4.1 % $ 3,360 100.0 % $ 5,271 100.0 % $ 7,590 100.0 %
Segment Information Geographic Allocation of Trading Container Sales Proceeds and Gains on Sale of Owned Fleet Containers Net	The following table represents the geographic allocation of trading container sales proceeds and gain on sale of owned fleet containers, net during the years ended December 31, 2021, 2020 and 2019 based on the location of sale: Years ended December 31, 2021 Percent of Total 2020 Percent of Total 2019 Percent of Total Trading container sales proceeds: Asia $ 14,317 44.7 % $ 14,896 46.6 % $ 39,519 67.3 % North / South America 12,404 38.7 % 13,045 40.9 % 12,788 21.8 % Europe 5,321 16.6 % 3,991 12.5 % 6,411 10.9 % Bermuda — — — — — — All other international 3 0.0 % 9 0.0 % 16 0.0 % $ 32,045 100.0 % $ 31,941 100.0 % $ 58,734 100.0 % Gain on sale of owned fleet containers, net: Asia $ 46,328 68.9 % $ 13,082 48.1 % $ 7,714 36.0 % Europe 10,516 15.7 % 5,538 20.3 % 5,577 26.1 % North / South America 10,385 15.4 % 8,610 31.6 % 6,809 31.8 % Bermuda — — — — — — All other international — — — — 1,297 6.1 % $ 67,229 100.0 % $ 27,230 100.0 % $ 21,397 100.0 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Summary of Restricted Cash	Restricted interest-bearing cash accounts were established by the Company as additional collateral for outstanding borrowings under certain of the Company’s debt facilities. Restricted cash at December 31, 2021 and 2020 consisted of the following: 2021 2020 Trust accounts $ 16,289 $ 17,054 Other restricted cash accounts 60,073 57,093 Total restricted cash $ 76,362 $ 74,147

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Activity of Stock Option in 2019 Plan	The following tables summarizes the activity of stock options for the years ended December 31, 2021, 2020, and 2019: Share options (common share equivalents) Weighted average exercise price Balances, December 31, 2018 1,703,908 $ 21.44 Options granted during the period 250,000 $ 9.14 Options exercised during the period (13,014 ) $ 9.70 Options expired during the period (113,917 ) $ 23.73 Options forfeited during the period (19,312 ) $ 14.08 Balances, December 31, 2019 1,807,665 $ 19.76 Options exercised during the period (113,960 ) $ 11.36 Options expired during the period (130,711 ) $ 26.14 Options forfeited during the period (33,968 ) $ 12.40 Balances, December 31, 2020 1,529,026 $ 19.90 Options exercised during the period (477,103 ) $ 18.95 Options expired during the period (40,000 ) $ 32.70 Options forfeited during the period (19,128 ) $ 10.74 Balances, December 31, 2021 992,795 20.02 Options exercisable at December 31, 2021 833,186 $ 21.98 Options vested and expected to vest at December 31, 2021 986,011 $ 20.09
Fair Value of Stock Option/PSU Awards Granted Assumptions Used	The Company did not grant any stock options during the years ended December 31, 2021 and 2020. The estimated weighted average grant date fair value of share options granted during 2019 was $4.47 per share, and was estimated using the Black-Scholes option pricing model for the year ended December 31, 2019 with the following assumptions.: 2019 Risk-free interest rates 1.7 % Expected terms (in years) 5.5 Expected common share price volatilities 52.9 % Expected dividends 0.0 % Expected forfeitures 3.4 % There were no PSU awards PSU awards 2021 2020 Risk-free interest rates 0.54 % 0.16 % Expected common share price volatilities 59.80 % 57.40 % Expected dividends 0.0 % 0.0 %
Summary of Activity of RSU and PSU Awards Under the 2019 Plan	The following tables summarizes the activity of RSU and PSU awards for the years ended December 31, 2021, 2020, and 2019: RSU PSU (1) Total Weighted average grant date fair value Balances, December 31, 2018 640,750 — 640,750 $ 14.20 Share units granted during the period 309,192 — 309,192 $ 9.20 Share units vested during the period (281,377 ) — (281,377 ) $ 13.97 Share units forfeited during the period (10,945 ) — (10,945 ) $ 14.32 Balances, December 31, 2019 657,620 — 657,620 $ 11.95 Share units granted during the period 200,868 183,560 384,428 $ 16.96 Share units vested during the period (300,404 ) — (300,404 ) $ 12.08 Share units forfeited during the period (19,743 ) — (19,743 ) $ 12.62 Balances, December 31, 2020 538,341 183,560 721,901 $ 14.55 Share units granted during the period 102,956 104,834 207,790 $ 44.62 Share units vested during the period (2) (278,684 ) (7,004 ) (285,688 ) $ 12.32 Share units forfeited during the period (18,753 ) — (18,753 ) $ 12.70 Balances, December 31, 2021 343,860 281,390 625,250 $ 25.37 Total share units outstanding and expected to vest at December 31, 2021 590,615 $ 25.12 (1) The grant date fair value of PSU awards granted during 2021 and 2020 were $55.85 per share and $22.06 per share, respectively. On the settlement date for each measurement period of market-based awards, grantees may receive shares equal to 0% to 200% of the three-year (2) As of December 31, 2021, an incremental fair value expense of $577 was recognized for certain awards that were modified to accelerate vesting upon retirement.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Summary of Company's Board of Directors Approved and Declared Quarterly Cash Dividends	The Company’s board of directors approved and declared the following quarterly cash dividends during the year ended December 31, 2021 on its issued and outstanding preferred shares: Series A Preferred Shares Series B Preferred Shares Record Date Payment Date Aggregate Payment Per Depositary Share Payment (1) Aggregate Payment Per Depositary Share Payment (1) May 31, 2021 June 15, 2021 $ 1,808 $ 0.30 — — August 31, 2021 September 15, 2021 $ 2,625 $ 0.44 — — December 3, 2021 December 15, 2021 $ 2,625 $ 0.44 $ 2,917 $ 0.49 (1) Rounded to the nearest whole cent.

Nature of Business and Summar_4

Nature of Business and Summary of Significant Accounting Policies - Additional Information (Detail)	Jan. 01, 2021USD ($)	Jan. 31, 2021USD ($)	Dec. 31, 2022USD ($)	Dec. 31, 2021USD ($)LesseeLease	Dec. 31, 2020USD ($)LesseeLease	Dec. 31, 2019USD ($)Lessee	Feb. 01, 2021
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Total purchase price consideration				$ 21,500,000
Noncontrolling interest				0	$ 27,110,000
Less: Net income (loss) attributable to the noncontrolling interest				0	851,000	$ (168,000)
Gain on settlement of pre-existing management agreement						1,823,000
Write-off intangible assets from the relinquishment of management rights				551,000	0
Amortization expense				2,540,000	2,572,000	2,093,000
Foreign currency exchange losses				195,000	251,000	393,000
Gains (losses) due to changes in exchange rates from remeasurement				(524,000)	654,000	0
Fixed assets				1,585,000	746,000
Fixed assets, net of accumulated depreciation				$ 13,296,000	12,918,000
Period of amortization of capitalized implementation costs				7 years
Minimum likelihood of tax benefits being recognized				50.00%
Debt issuance cost				$ 27,895,000	13,637,000	9,417,000
Amortization of debt issuance costs				9,723,000	7,712,000	7,369,000
Write-offs of unamortized debt issuance costs and bond discounts				4,578,000	8,750,000	0
Direct container expenses paid in various foreign currencies				$ 5,024,000	$ 15,225,000	$ 10,527,000
Percentage of direct container expenses paid in various foreign currencies				21.00%	28.00%	23.00%
Expected forfeiture rate				3.40%	3.50%	3.40%
Share-based compensation expense				$ 6,699,000	$ 4,723,000	$ 4,388,000
Investments in marketable equity securities with readily determinable fair values				2,866,000	0
Unrealized gain (loss) on financial instruments, net				(589,000)
Fair value of net investment in direct financing and sales-type leases				1,810,712,000	856,392,000
Net investment in direct financing and sales-type leases				1,806,090,000	879,960,000
Fair value of container leaseback financing receivable				357,828,000	363,774,000
Net of container leaseback financing receivable				354,147,000	363,868,000
Fair value of long-term debt				5,320,366,000	4,144,332,000
Long-term debt				5,340,521,000	4,115,344,000
General and Administrative Expenses
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Share-based compensation expense				$ 6,470,000	$ 4,257,000	$ 3,780,000
Lease Rental Income | Customer Concentration Risk
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of lessees who made greater than 10% of lease rental | Lessee				0	0	0
Accounts Receivable | Customer Concentration Risk
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of lessees that accounted for more than 10% of gross accounts receivable | Lease				0	0
Containers held for sale | Fair Value, Inputs, Level 2
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Assets measured at fair value on non-recurring basis				$ 270,000	$ 5,845,000
Insolvent Customer
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Gain on container recovery				7,577,000	1,644,000
Containers
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Asset impairment charges				0	0	$ 0
Impairment (recovery) charges to write-off containers				2,793,000	0	9,167,000
Gain on container recovery				7,662,000	1,647,000	1,988,000
Containers for Sale
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Container impairment charges (reversals) to write down value, held for sale, net of reversals				(385,000)	11,094,000	14,238,000
Other Assets
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Intangible assets				178,000	2,719,000
Intangible assets, net of accumulated amortization				42,002,000	47,931,000
Prepaid Expenses and Other Current Assets
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Capitalized implementation costs				$ 8,767,000	$ 4,212,000
Forecast
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Amortization expense			$ 178,000
Minimum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Intangible assets, contract terms				11 years
Long term lease period				5 years
Estimated useful lives				3 years
Minimum | Containers
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Sales data analysis period				10 years
Minimum | Operating Leases
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Contracts typical term				5 years
Maximum [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents, original maturity period				3 months
Intangible assets, contract terms				13 years
Estimated useful lives				7 years
LAPCO Acquisition
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Gain on settlement of pre-existing management agreement						$ 1,823,000
TL
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Ownership percentage in TAP Funding Ltd.				50.10%
Tap Funding Limited
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Ownership percentage in TAP Funding Ltd.		49.90%		49.90%			100.00%
Total purchase price consideration		$ 21,500,000
Increase in additional paid-in capital	$ 7,022,000

Estimated Useful Lives and Resi

Estimated Useful Lives and Residual Value of Containers (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Dry Containers Other Than Open Top And Flat Rack Containers, 20'
Property, Plant and Equipment [Line Items]
Estimated useful lives	13 years	13 years
Estimated residual value	$ 1,000	$ 1,000
Dry Containers Other Than Open Top And Flat Rack Containers, 40'
Property, Plant and Equipment [Line Items]
Estimated useful lives	14 years	14 years
Estimated residual value	$ 1,200	$ 1,200
Dry Containers Other Than Open Top And Flat Rack Containers, 40' High Cube
Property, Plant and Equipment [Line Items]
Estimated useful lives	13 years	13 years
Estimated residual value	$ 1,400	$ 1,400
Dry Containers Other Than Open Top And Flat Rack Containers, 45' High Cube
Property, Plant and Equipment [Line Items]
Estimated useful lives	13 years	13 years
Estimated residual value	$ 1,500	$ 1,500
Refrigerated Containers, 20'
Property, Plant and Equipment [Line Items]
Estimated useful lives	12 years	12 years
Estimated residual value	$ 2,750	$ 2,750
Refrigerated Containers, 20' High Cube
Property, Plant and Equipment [Line Items]
Estimated useful lives	12 years	12 years
Estimated residual value	$ 2,049	$ 2,049
Refrigerated Containers, 40' High Cube
Property, Plant and Equipment [Line Items]
Estimated useful lives	12 years	12 years
Estimated residual value	$ 4,000	$ 4,000
Open Top and Flat Rack Containers, 20' Folding Flat Rack
Property, Plant and Equipment [Line Items]
Estimated useful lives	15 years	15 years
Estimated residual value	$ 1,300	$ 1,300
Open Top And Flat Rack Containers, 40' Folding Flat Rack
Property, Plant and Equipment [Line Items]
Estimated useful lives	16 years	16 years
Estimated residual value	$ 1,700	$ 1,700
Open Top And Flat Rack Containers, 20' Open Top
Property, Plant and Equipment [Line Items]
Estimated useful lives	15 years	15 years
Estimated residual value	$ 1,500	$ 1,500
Open Top And Flat Rack Containers, 40' Open Top
Property, Plant and Equipment [Line Items]
Estimated useful lives	14 years	14 years
Estimated residual value	$ 2,500	$ 2,500
Tank containers
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years	20 years
Estimated residential value, percentage of cost	10.00%	10.00%

Schedule of Cost, Accumulated D

Schedule of Cost, Accumulated Depreciation and Net Book Value of the Company's Leasing Equipment by Equipment Type (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Cost	$ 6,583,542	$ 5,744,643
Accumulated Depreciation	(1,851,664)	(1,619,591)
Net Book Value	4,731,878	4,125,052
Dry Containers Other Than Open Top And Flat Rack Containers, 20'
Property, Plant and Equipment [Line Items]
Cost	1,530,464	1,532,753
Accumulated Depreciation	(471,549)	(428,913)
Net Book Value	1,058,915	1,103,840
Dry Containers Other Than Open Top And Flat Rack Containers, 40'
Property, Plant and Equipment [Line Items]
Cost	141,292	144,881
Accumulated Depreciation	(55,448)	(55,154)
Net Book Value	85,844	89,727
Dry Containers Other Than Open Top And Flat Rack Containers, 40' High Cube
Property, Plant and Equipment [Line Items]
Cost	3,496,469	2,717,384
Accumulated Depreciation	(791,349)	(672,416)
Net Book Value	2,705,120	2,044,968
Dry Containers Other Than Open Top And Flat Rack Containers, 45' High Cube
Property, Plant and Equipment [Line Items]
Cost	27,354	27,880
Accumulated Depreciation	(13,871)	(12,747)
Net Book Value	13,483	15,133
Refrigerated Containers, 20'
Property, Plant and Equipment [Line Items]
Cost	18,445	20,164
Accumulated Depreciation	(8,899)	(8,493)
Net Book Value	9,546	11,671
Refrigerated Containers, 20' High Cube
Property, Plant and Equipment [Line Items]
Cost	809	2,605
Accumulated Depreciation	(606)	(1,742)
Net Book Value	203	863
Refrigerated Containers, 40' High Cube
Property, Plant and Equipment [Line Items]
Cost	1,163,149	1,103,817
Accumulated Depreciation	(462,645)	(398,721)
Net Book Value	700,504	705,096
Open Top and Flat Rack Containers, 20' Folding Flat Rack
Property, Plant and Equipment [Line Items]
Cost	16,206	17,228
Accumulated Depreciation	(5,291)	(5,132)
Net Book Value	10,915	12,096
Open Top And Flat Rack Containers, 40' Folding Flat Rack
Property, Plant and Equipment [Line Items]
Cost	47,739	49,167
Accumulated Depreciation	(19,073)	(18,275)
Net Book Value	28,666	30,892
Open Top And Flat Rack Containers, 20' Open Top
Property, Plant and Equipment [Line Items]
Cost	13,046	13,253
Accumulated Depreciation	(2,090)	(1,790)
Net Book Value	10,956	11,463
Open Top And Flat Rack Containers, 40' Open Top
Property, Plant and Equipment [Line Items]
Cost	21,394	22,271
Accumulated Depreciation	(4,827)	(4,738)
Net Book Value	16,567	17,533
Tank containers
Property, Plant and Equipment [Line Items]
Cost	107,175	93,240
Accumulated Depreciation	(16,016)	(11,470)
Net Book Value	$ 91,159	$ 81,770

Net Gain on Sale of Owned Fleet

Net Gain on Sale of Owned Fleet Containers (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Property	Dec. 31, 2020USD ($)Property	Dec. 31, 2019USD ($)Property
Property Plant And Equipment Disclosure [Line Items]
Number of owned fleet containers sold | Property	53,980	106,348	104,445
Gain on sale of owned fleet containers, net | $	$ 67,229	$ 27,230	$ 21,397
Previously written down containers
Property Plant And Equipment Disclosure [Line Items]
Number of owned fleet containers sold | Property	3,430	51,541	52,319
Gain on sale of owned fleet containers, net | $	$ 2,165	$ 15,451	$ 6,665
Containers not written down
Property Plant And Equipment Disclosure [Line Items]
Number of owned fleet containers sold | Property	50,550	54,807	52,126
Gain on sale of owned fleet containers, net | $	$ 65,064	$ 11,779	$ 14,732

Schedule of Concentration Risk

Schedule of Concentration Risk of Total Fleet Lease Rental Income (Detail) - Total Fleet Lease Rental Income - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Customer A
Capital Leased Assets [Line Items]
Percentage of lease rental income	21.00%	17.80%	14.80%
Customer B
Capital Leased Assets [Line Items]
Percentage of lease rental income	12.20%	13.10%	13.50%
Customer C
Capital Leased Assets [Line Items]
Percentage of lease rental income	12.10%	9.70%	8.70%

Schedule of Concentration Ris_2

Schedule of Concentration Risk of Total Fleet Gross Accounts Receivable (Detail) - Gross Accounts Receivable - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Customer A
Concentration Risk [Line Items]
Percentage of lease rental income	24.70%	25.30%
Customer B
Concentration Risk [Line Items]
Percentage of lease rental income	13.90%	12.60%
Customer C
Concentration Risk [Line Items]
Percentage of lease rental income	11.30%	19.10%

Reconciliation of Numerator and

Reconciliation of Numerator and Denominator of Basic Earnings per Share ("EPS") with that of Diluted EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net income attributable to common shareholders	$ 273,459	$ 72,822	$ 56,724
Weighted average shares outstanding (in thousands):
Weighted average common shares outstanding-- basic	49,624	53,271	57,349
Dilutive share options, RSUs and PSUs	952	210	110
Weighted average common shares outstanding-- diluted	50,576	53,481	57,459
Net income attributable to common shareholders per share:
Basic	$ 5.51	$ 1.37	$ 0.99
Diluted	$ 5.41	$ 1.36	$ 0.99
Share options, RSUs and PSUs excluded from the computation of diluted EPS because they were anti-dilutive	334	1,674	1,805

Insurance Receivable and Impa_2

Insurance Receivable and Impairment - Additional Information (Detail) - Previously Insolvent Customer - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Leases Disclosure [Line Items]
Container loss recovery		$ 7,986
Insurance receivable associated with this insolvent customer			$ 2,106
China, Yuan Renminbi
Leases Disclosure [Line Items]
Bankruptcy settlement amount received in cash	$ 77
Bankruptcy settlement amount received in stock value	$ 5,789

Managed Container Fleet - Addit

Managed Container Fleet - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Deferred revenue from acquisition fees	$ 947	$ 1,049
Managed Containers
Property, Plant and Equipment [Line Items]
Cash paid to purchase containers from container Investor	2,725
Containers, leaseback financial liability	15,977	$ 4,762
Container Investor
Property, Plant and Equipment [Line Items]
Cash consideration	57,637
Container Investor | Other Net
Property, Plant and Equipment [Line Items]
Loss recognized for effective settlement of pre-existing contractual relationship	$ 116

Schedule of Company's Leasing E

Schedule of Company's Leasing Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Containers, cost	$ 6,583,542	$ 5,744,643
Containers, accumulated depreciation	(1,851,664)	(1,619,591)
Net Book Value	4,731,878	4,125,052
Containers - Owned Fleet
Property, Plant and Equipment [Line Items]
Containers, cost	6,566,785	5,740,717
Containers, accumulated depreciation	(1,850,721)	(1,619,304)
Net Book Value	4,716,064	4,121,413
Containers - Managed Fleet
Property, Plant and Equipment [Line Items]
Containers, cost	16,757	3,926
Containers, accumulated depreciation	(943)	(287)
Net Book Value	$ 15,814	$ 3,639

Summary of Total Lease Manageme

Summary of Total Lease Management Fee Income from Managed Fleet, Including Management Fees Earned from Acquisition Fees and Sales Commissions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue [Line Items]
Lease rental income - managed fleet	$ 750,730	$ 600,873	$ 619,760
Managed Fleet
Disaggregation Of Revenue [Line Items]
Lease rental income - managed fleet	56,037	62,448	101,901
Less: distribution expense to managed fleet container investors	(50,360)	(57,311)	(93,858)
Less: depreciation and interest expense on managed containers purchased on or after January 1, 2019	(1,348)	(730)	(394)
Leasing
Disaggregation Of Revenue [Line Items]
Revenue	4,329	4,407	7,649
Other Services
Disaggregation Of Revenue [Line Items]
Revenue	3,360	5,271	7,590
Total Management Fees
Disaggregation Of Revenue [Line Items]
Revenue	$ 7,689	$ 9,678	$ 15,239

Summary of Reconciliation of Ba

Summary of Reconciliation of Balance Sheet Accounts From the Managed Fleet to Total Amount in Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Reconciliation Of Current Assets And Liabilities [Line Items]
Total accounts receivable, net	$ 125,746	$ 108,578
Total prepaid expenses and other current assets	14,184	13,713
Total accounts payable and accrued expenses	22,111	24,385
Total container contracts payable	140,968	231,647
Owned Fleet
Reconciliation Of Current Assets And Liabilities [Line Items]
Total accounts receivable, net	118,107	97,950
Total prepaid expenses and other current assets	14,142	13,614
Total accounts payable and accrued expenses	21,736	23,198
Total container contracts payable	140,968	231,647
Managed Fleet
Reconciliation Of Current Assets And Liabilities [Line Items]
Total accounts receivable, net	7,639	10,628
Total prepaid expenses and other current assets	42	99
Total accounts payable and accrued expenses	$ 375	$ 1,187

Transactions with Affiliates _3

Transactions with Affiliates and Container Investors - Additional Information (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Due from affiliates, net	$ 2,376,000	$ 1,509,000
Due to container investors, net	17,985,000	18,697,000
Affiliated Container Investors
Related Party Transaction [Line Items]
Due to container investors, net	$ 0	$ 0

Total Management Fees Earned fr

Total Management Fees Earned from the Managed Fleet, Including Acquisition Fees and Sales Commissions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Fees from affiliated Container Investors			$ 3,527
Fees from unaffiliated Container Investors	$ 7,689	$ 9,678	11,374
Total Management Fees
Related Party Transaction [Line Items]
Management fees	7,689	9,678	15,239
Total Management Fees | Fees from Container Investors
Related Party Transaction [Line Items]
Management fees	$ 7,689	$ 9,678	14,901
Total Management Fees | Other Fees
Related Party Transaction [Line Items]
Management fees			$ 338

Summary of Due to Container Inv

Summary of Due to Container Investors, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Accounts receivable, net - managed fleet	$ 7,639	$ 10,628
Distributions due to container investors on lease rentals collected, net of container expenses paid and management fees	10,679	9,157
Due to container investors, net	17,985	18,697
Managed Fleet
Related Party Transaction [Line Items]
Prepaid expenses and other current assets	42	99
Accounts payable and accrued expenses	(375)	(1,187)
Due from to related party	$ 7,306	$ 9,540

Schedule of Lease Rental Income

Schedule of Lease Rental Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lessor Lease Description [Line Items]
Lease rental income - operating leases	$ 632,598	$ 527,284	$ 566,949
Interest income on net investment in finance leases	82,659	30,121	15,356
Interest income on container leaseback financing receivable	21,380	17,243	10,313
Variable lease revenue	14,093	26,225	27,142
Total lease rental income	750,730	600,873	619,760
Owned Fleet
Lessor Lease Description [Line Items]
Lease rental income - operating leases	577,946	469,109	470,722
Interest income on net investment in finance leases	82,659	30,121	15,356
Interest income on container leaseback financing receivable	21,380	17,243	10,313
Variable lease revenue	12,708	21,952	21,468
Total lease rental income	694,693	538,425	517,859
Managed Fleet
Lessor Lease Description [Line Items]
Lease rental income - operating leases	54,652	58,175	96,227
Variable lease revenue	1,385	4,273	5,674
Total lease rental income	$ 56,037	$ 62,448	$ 101,901

Leases - Lessor - Additional In

Leases - Lessor - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lessor Disclosure [Abstract]
Direct financing and sales-type leases, gain (loss)	$ 2,610	$ (144)	$ (1,027)

Schedule Future Minimum Lease P

Schedule Future Minimum Lease Payments Receivable (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Lessor Lease Description [Line Items]
2022	$ 476,230
2023	427,800
2024	356,486
2025	277,418
2026	201,427
2027 and thereafter	380,581
Total future minimum lease payments receivable	2,119,942
Owned Fleet
Lessor Lease Description [Line Items]
2022	446,284
2023	400,845
2024	332,978
2025	258,530
2026	187,451
2027 and thereafter	364,757
Total future minimum lease payments receivable	1,990,845
Managed Fleet
Lessor Lease Description [Line Items]
2022	29,946
2023	26,955
2024	23,508
2025	18,888
2026	13,976
2027 and thereafter	15,824
Total future minimum lease payments receivable	$ 129,097

Summary of Future Minimum Payme

Summary of Future Minimum Payments Receivable Under Container Leaseback Financing Receivable (Detail) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Lessor Disclosure [Abstract]
Future minimum payments receivable		$ 483,325	$ 505,473
Less: unearned income		(129,065)	(141,181)
Container leaseback financing receivable	[1]	354,260	364,292
Less: Allowance for credit losses		(113)	(424)
Container leaseback financing receivable, net		354,147	363,868
Amounts due within one year		30,317	27,076
Amounts due beyond one year		$ 323,830	$ 336,792
[1]	One major customer represented 90.6% and 89.7% of the Company’s container leaseback financing receivable portfolio as of December 31, 2021 and 2020, respectively. As of December 31, 2020, one other customer represented 10.3% of the Company’s container leaseback financing receivable portfolio.

Summary of Future Minimum Pay_2

Summary of Future Minimum Payments Receivable Under Container Leaseback Financing Receivable (Parenthetical) (Detail) - Customer	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lessor Lease Description [Line Items]
Number of customers represent container leaseback financing receivable portfolio	1	1
Customer One
Lessor Lease Description [Line Items]
Percentage of container leaseback financing receivable portfolio	90.60%	89.70%
Customer Two
Lessor Lease Description [Line Items]
Percentage of container leaseback financing receivable portfolio		10.30%

Components of net Investment in

Components of net Investment in Direct Financing and Sales-Type Leases (Detail) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Future minimum lease payments receivable		$ 2,558,339	$ 1,216,086
Residual value of containers		16,532	12,601
Less: unearned income		(768,038)	(347,394)
Net investment in finance leases	[1]	1,806,833	881,293
Less: Allowance for credit losses		(743)	(1,333)
Net investment in finance leases, net		1,806,090	879,960
Amounts due within one year		113,048	78,459
Amounts due beyond one year		$ 1,693,042	$ 801,501
[1]	One major customer represented 85.1% and 80.1% of the Company’s finance lease portfolio as of December 31, 2021 and 2020, respectively. No other customer represented more than 10% of the Company’s finance leases portfolio in each of those periods.

Components of net Investment _2

Components of net Investment in Direct Financing and Sales-Type Leases (Parenthetical) (Detail) - Customer	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Capital Leased Assets [Line Items]
Number of customers represent direct financing and sales-type leases portfolio	1	1
Customer One
Capital Leased Assets [Line Items]
Percentage of direct financing and sales-type leases portfolio	85.10%	80.10%

Future Minimum Lease Payments R

Future Minimum Lease Payments Receivable under Direct Financing and Sales-type Leases (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Container leaseback financing receivable, 2022	$ 50,515
Container leaseback financing receivable, 2023	50,514
Container leaseback financing receivable, 2024	46,427
Container leaseback financing receivable, 2025	39,015
Container leaseback financing receivable, 2026	37,524
Container leaseback financing receivable, 2027 and thereafter	259,330
Container leaseback financing receivable, Total future minimum lease payments receivable	483,325	$ 505,473
Net investment in finance leases, 2022	215,431
Net investment in finance leases, 2023	205,192
Net investment in finance leases, 2024	201,925
Net investment in finance leases, 2025	196,225
Net investment in finance leases, 2026	198,151
Net investment in finance leases, 2027 and thereafter	1,541,415
Net investment in finance leases, Total future minimum lease payments receivable	2,558,339	$ 1,216,086
Future minimum lease payments receivable, 2022	265,946
Future minimum lease payments receivable, 2023	255,706
Future minimum lease payments receivable, 2024	248,352
Future minimum lease payments receivable, 2025	235,240
Future minimum lease payments receivable, 2026	235,675
Future minimum lease payments receivable, 2027 and thereafter	1,800,745
Total future minimum lease payments receivable	$ 3,041,664

Leases - Lessee - Additional In

Leases - Lessee - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Lessee Lease Description [Line Items]
Right-of-use lease assets	$ 8,988	$ 10,331
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating lease liabilities	$ 11,044
Weighted-average discount rate	4.75%
Weighted-average remaining lease term	4 years
Other Liabilities
Lessee Lease Description [Line Items]
Operating lease liabilities	$ 11,044	$ 12,636

Schedule of Rent Expense and Ot

Schedule of Rent Expense and Other Information Related to Operating Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lessee Disclosure [Abstract]
Operating lease cost	$ 2,103	$ 2,103	$ 2,095
Short-term and variable lease cost	112	128	138
Total rent expense	2,215	2,231	2,233
Cash paid for amounts included in the measurement of lease liabilities	$ 2,379	$ 2,221	$ 2,098

Minimum Lease Payment under Non

Minimum Lease Payment under Noncancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Operating Lease Liabilities Payments Due [Abstract]
2022	$ 2,271
2023	2,417
2024	2,397
2025	2,130
2026	2,179
2027 and thereafter	935
Total minimum lease payments	12,329
Less imputed interest	(1,285)
Total present value of operating lease liabilities	$ 11,044
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities

Allowance for Credit Losses - A

Allowance for Credit Losses - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Accounts receivable, allowance	$ 1,290	$ 2,663
Finance Leases | Accounts Receivable | Credit Concentration Risk
Financing Receivable Allowance For Credit Losses [Line Items]
Concentration risk percentage	89.10%
Container Leaseback Financing Receivable | Accounts Receivable | Credit Concentration Risk
Financing Receivable Allowance For Credit Losses [Line Items]
Concentration risk percentage	90.60%
Billed
Financing Receivable Allowance For Credit Losses [Line Items]
Accounts receivable, allowance	$ 1,290	2,663
Billed | Finance Leases
Financing Receivable Allowance For Credit Losses [Line Items]
Accounts receivable, allowance	592	$ 735
Unbilled | Finance Leases
Financing Receivable Allowance For Credit Losses [Line Items]
Net investment in finance leases, allowance for credit loss	1,333
Unbilled | Container Leaseback Financing Receivable
Financing Receivable Allowance For Credit Losses [Line Items]
Container leaseback financing receivable, allowance for credit losses	$ 424

Allowance for Credit Losses - S

Allowance for Credit Losses - Summary of Net Investment in Finance Leases and Container Leaseback Financing Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Net investment in finance leases, net	$ 1,806,090	$ 879,960
Finance Leases
Financing Receivable Allowance For Credit Losses [Line Items]
Year Ended December 31, 2021	953,753
2020	634,146
2019	144,955
2018	52,557
2017	6,869
Prior	14,553
Net investment in finance leases, net	1,806,833
Container Leaseback Financing Receivable
Financing Receivable Allowance For Credit Losses [Line Items]
Year Ended December 31, 2021	17,398
2020	107,758
2019	229,104
Net investment in finance leases, net	354,260
Tier 1 | Finance Leases
Financing Receivable Allowance For Credit Losses [Line Items]
Year Ended December 31, 2021	859,924
2020	594,567
2019	105,141
2018	33,410
2017	6,864
Prior	9,500
Net investment in finance leases, net	1,609,406
Tier 1 | Container Leaseback Financing Receivable
Financing Receivable Allowance For Credit Losses [Line Items]
Year Ended December 31, 2021	12,108
2020	107,758
2019	201,114
Net investment in finance leases, net	320,980
Tier 2 | Finance Leases
Financing Receivable Allowance For Credit Losses [Line Items]
Year Ended December 31, 2021	86,117
2020	37,232
2019	33,959
2018	18,612
2017	5
Prior	4,910
Net investment in finance leases, net	180,835
Tier 2 | Container Leaseback Financing Receivable
Financing Receivable Allowance For Credit Losses [Line Items]
Year Ended December 31, 2021	5,290
2019	27,990
Net investment in finance leases, net	33,280
Tier 3 | Finance Leases
Financing Receivable Allowance For Credit Losses [Line Items]
Year Ended December 31, 2021	7,712
2020	2,347
2019	5,855
2018	535
Prior	143
Net investment in finance leases, net	$ 16,592

Component of Income Tax Expense

Component of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current
Bermuda	$ 0	$ 0	$ 0
Foreign	594	446	499
Current Income Tax Expense (Benefit), Total	594	446	499
Deferred
Bermuda	0	0	0
Foreign	1,179	(819)	1,449
Deferred Income Tax Expense (Benefit), Total	1,179	(819)	1,449
Income tax (expense) benefit	$ 1,773	$ (374)	$ 1,948

Components of Income Before Inc

Components of Income Before Income Taxes and Noncontrolling Interest (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Income Taxes [Line Items]
Income before income taxes and non controlling interest	$ 286,061	$ 73,299	[1]	$ 58,504
Foreign sources
Income Taxes [Line Items]
Income before income taxes and non controlling interest	$ 286,061	$ 73,299		$ 58,504
[1]	(1) Container Ownership segment income (loss) before income tax and noncontrolling interests includes unrealized gain (loss) on financial instruments, net of $4,409, $(6,044) and $(15,442) for the years ended December 31, 2021, 2020 and 2019, respectively, and debt termination expense of $15,209, $8,750 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively.

Reconciliation of Differences b

Reconciliation of Differences between Bermuda Statutory Income Tax Rate and Effective Tax Rate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Bermuda tax rate	0.00%	0.00%	0.00%
Foreign tax rate	0.09%	(1.76%)	0.32%
Tax uncertainties	0.53%	1.25%	3.01%
Income tax (expense) benefit, net	0.62%	(0.51%)	3.33%
Foreign tax rate	$ 271	$ (1,291)	$ 188
Tax uncertainties	1,502	917	1,760
Income tax (expense) benefit	$ 1,773	$ (374)	$ 1,948

Components of Income Tax Expens

Components of Income Tax Expense and Effective Tax Rate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income before income taxes and non controlling interest	$ 286,061	$ 73,299	[1]	$ 58,504
Tax uncertainties	1,502	917		1,760
Stock base compensation	(622)	(94)		390
162(m) officers' compensation	412	102		15
Adjustment for prior years	(392)	47		270
Foreign derived intangible income	(329)	(112)		(77)
Valuation allowance	(382)	67		315
Foreign rate difference	1,583	(1,333)		(778)
Other	1	32		53
Foreign taxes rate	271	(1,291)		188
Income tax (expense) benefit	$ 1,773	$ (374)		$ 1,948
Tax uncertainties	0.53%	1.25%		3.01%
Stock base compensation	(0.22%)	(0.13%)		0.67%
162(m) officers' compensation	0.14%	0.14%		0.03%
Adjustment for prior years	(0.14%)	0.06%		0.46%
Foreign derived intangible income	(0.12%)	(0.15%)		(0.13%)
Valuation allowance	(0.13%)	0.09%		0.54%
Foreign rate difference	0.55%	(1.82%)		(1.33%)
Other	0.00%	0.04%		0.09%
Foreign tax rate	0.09%	(1.76%)		0.32%
Income tax (expense) benefit, net	0.62%	(0.51%)		3.33%
[1]	(1) Container Ownership segment income (loss) before income tax and noncontrolling interests includes unrealized gain (loss) on financial instruments, net of $4,409, $(6,044) and $(15,442) for the years ended December 31, 2021, 2020 and 2019, respectively, and debt termination expense of $15,209, $8,750 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively.

Significant Portions of Deferre

Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Net operating loss carryforwards	$ 17,765,000	$ 19,284,000
Other	1,006,000	1,457,000
Deferred tax assets, gross	18,771,000	20,741,000
Valuation allowance	0	(382,000)
Deferred tax assets	18,771,000	20,359,000
Deferred tax liabilities
Containers, net	25,287,000	25,043,000
Other		654,000
Deferred tax liabilities	25,287,000	25,697,000
Net deferred tax liabilities	$ 6,516,000	$ 5,338,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Line Items]
Valuation allowance	$ 0	$ 382,000
Period for cumulative ownership change	3 years
Cumulative earnings undistributed	$ 45,361,000
Taxes payable current and noncurrent	13,608,000
Unrecognized tax benefits	22,152,000	20,575,000	$ 19,642,000
Unrecognized tax benefits, if recognized, would reduce annual effective tax rate	22,084,000
Estimated decrease in unrecognized tax benefits due to expiration of certain statutes of limitations in the next twelve months	1,777,000
Income tax examination interest and penalty expense	(78,000)	(11,000)	$ 182,000
Income tax examination total accrued interest and penalties	1,381,000	$ 1,460,000
U.S. Federal
Income Taxes [Line Items]
Net operating loss carry-forwards	106,151,000
Estimated net taxable income	2,752,000
Net operating loss carry-forwards without expiration	$ 24,735,000
Minimum
Income Taxes [Line Items]
Cumulative ownership change percentage	50.00%
Minimum | U.S. Federal
Income Taxes [Line Items]
Net operating loss carry-forward expiration date	Dec. 31, 2021
Maximum | U.S. Federal
Income Taxes [Line Items]
Net operating loss carry-forward expiration date	Dec. 31, 2037

Reconciliation of Beginning and

Reconciliation of Beginning and Ending Unrecognized Tax Benefit Amount (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Beginning Balance	$ 20,575	$ 19,642
Increases related to prior year tax positions	156	19
Increases related to current year tax positions	2,878	2,357
Lapse of statute of limitations	(1,457)	(1,444)
Ending Balance	$ 22,152	$ 20,575

Debt Obligation (Detail)

Debt Obligation (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long term debt		$ 5,340,520	$ 4,115,344
Amount due within one year		380,207	408,365
Amounts due beyond one year		4,960,313	3,706,979
TL Revolving Credit Facility
Debt Instrument [Line Items]
Long term debt		$ 1,059,950	$ 1,433,919
Weighted average variable interest rate		1.60%	1.65%
Final Maturity		Sep. 30, 2023
TL 2019 Term Loan
Debt Instrument [Line Items]
Long term debt		$ 137,513	$ 148,131
Weighted average variable interest rate		3.50%	3.50%
Final Maturity		Dec. 31, 2026
TL 2021-1 Term loan
Debt Instrument [Line Items]
Long term debt		$ 65,131
Weighted average variable interest rate		2.65%	0.00%
Final Maturity		Feb. 29, 2028
TL 2021-2 Term Loan
Debt Instrument [Line Items]
Long term debt		$ 204,712
Weighted average variable interest rate		2.90%	0.00%
Final Maturity		Oct. 31, 2028
TMCL II Secured Debt Facility
Debt Instrument [Line Items]
Long term debt	[1]	$ 1,067,886	$ 646,551
Weighted average variable interest rate	[1]	1.75%	1.91%
Final Maturity	[1]	Nov. 30, 2028
TMCL VI Term Loan
Debt Instrument [Line Items]
Long term debt			$ 223,630
Weighted average variable interest rate		0.00%	4.29%
TMCL VII 2019-1 Bonds
Debt Instrument [Line Items]
Long term debt			$ 300,305
Weighted average variable interest rate		0.00%	4.02%
TMCL VII 2020-1 Bonds
Debt Instrument [Line Items]
Long term debt		$ 384,611	$ 429,600
Weighted average variable interest rate		3.07%	3.07%
Final Maturity		Aug. 31, 2045
TMCL VII 2020-2 Bonds
Debt Instrument [Line Items]
Long term debt		$ 530,565	$ 587,183
Weighted average variable interest rate		2.26%	2.26%
Final Maturity		Sep. 30, 2045
TMCL VII 2020-3 Bonds
Debt Instrument [Line Items]
Long term debt		$ 194,414	$ 214,168
Weighted average variable interest rate		2.15%	2.15%
Final Maturity		Sep. 30, 2045
TMCL VII 2021-1 Bonds
Debt Instrument [Line Items]
Long term debt		$ 508,024
Weighted average variable interest rate		1.72%	0.00%
Final Maturity		Feb. 28, 2046
TMCL VII 2021-2 Bonds
Debt Instrument [Line Items]
Long term debt		$ 610,111
Weighted average variable interest rate		2.27%	0.00%
Final Maturity		Apr. 30, 2046
TMCL VII 2021-3 Bonds
Debt Instrument [Line Items]
Long term debt		$ 577,603
Weighted average variable interest rate		1.98%	0.00%
Final Maturity		Aug. 31, 2046
TAP Funding Revolving Credit Facility
Debt Instrument [Line Items]
Long term debt			$ 131,857
Weighted average variable interest rate		0.00%	2.11%
[1]	Final maturity of the TMCL II Secured Debt Facility is based on the assumption that the facility will not be extended on its scheduled conversion date.

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)		1 Months Ended		12 Months Ended
		Aug. 31, 2021	Apr. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	May 31, 2021	Feb. 28, 2021
Debt Instrument [Line Items]
Write-off of unamortized debt issuance costs	[1]			$ 15,209,000	$ 8,750,000
TL | Minimum | Base Rate
Debt Instrument [Line Items]
LIBOR plus interest rate				1.50%
TL | Maximum | Base Rate
Debt Instrument [Line Items]
LIBOR plus interest rate				2.00%
TMCL II Secured Debt Facility
Debt Instrument [Line Items]
Aggregate maximum commitment amount			$ 1,200,000,000	$ 1,500,000,000		$ 1,500,000,000
LIBOR plus interest rate				1.75%
Final Maturity	[2]			Nov. 30, 2028
Debt instrument, conversion date				Nov. 30, 2024
Debt instrument daily SOFR plus spread of payable monthly in arrears				1.60%
TL Revolving Credit Facility
Debt Instrument [Line Items]
Final Maturity				Sep. 30, 2023
TL Revolving Credit Facility | TL
Debt Instrument [Line Items]
Aggregate maximum commitment amount				$ 1,500,000,000
Interest payment terms				The TL Revolving Credit Facility provides for payments of interest only during its term beginning on its inception date through September 2023 when all borrowings are due in full.
TL Revolving Credit Facility | TL | Minimum | Eurodollar
Debt Instrument [Line Items]
LIBOR plus interest rate				2.00%
TL Revolving Credit Facility | TL | Maximum | Eurodollar
Debt Instrument [Line Items]
LIBOR plus interest rate				2.50%
TL Revolving Credit Facility | TL | Letter of Credit
Debt Instrument [Line Items]
Aggregate maximum commitment amount on letters of credit facility				$ 25,000,000
TL 2019 Term Loan
Debt Instrument [Line Items]
Aggregate maximum commitment amount				$ 160,000,000
Final Maturity				Dec. 31, 2026
TL 2021-1 Term loan
Debt Instrument [Line Items]
Aggregate maximum commitment amount				$ 70,270,000
Final Maturity				Feb. 29, 2028
TL 2021-2 Term Loan
Debt Instrument [Line Items]
Aggregate maximum commitment amount				$ 209,000,000
Final Maturity				Oct. 31, 2028
TMCL VI Term Loan
Debt Instrument [Line Items]
Aggregate maximum commitment amount				$ 300,000,000
Loan termination payment		$ 10,631,000
Write-off of unamortized debt issuance costs		1,235,000
TMCL VII 2019-1 Bonds
Debt Instrument [Line Items]
Write-off of unamortized debt issuance costs			2,857,000
TMCL VII 2019-1 Bonds | Class A Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued				328,900,000
TMCL VII 2019-1 Bonds | Class B Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued				$ 21,100,000
TMCL VII 2020-1 Bonds
Debt Instrument [Line Items]
Final Maturity				Aug. 31, 2045
TMCL VII 2020-1 Bonds | Class A Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued				$ 380,800,000
TMCL VII 2020-1 Bonds | Class B Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued				$ 69,200,000
TMCL VII 2020-2 Bonds
Debt Instrument [Line Items]
Final Maturity				Sep. 30, 2045
TMCL VII 2020-2 Bonds | Class A Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued				$ 531,600,000
TMCL VII 2020-2 Bonds | Class B Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued				$ 76,200,000
TMCL VII 2020-3 Bonds
Debt Instrument [Line Items]
Final Maturity				Sep. 30, 2045
TMCL VII 2020-3 Bonds | Class A Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued				$ 213,000,000
TMCL VII 2020-3 Bonds | Class B Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued				$ 8,000,000
TMCL VII 2021-1 Bonds
Debt Instrument [Line Items]
Final Maturity				Feb. 28, 2046
TMCL VII 2021-1 Bonds | Class A Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued							$ 523,500,000
TMCL VII 2021-1 Bonds | Class B Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued							$ 26,500,000
TMCL VII 2021-2 Bonds
Debt Instrument [Line Items]
Final Maturity				Apr. 30, 2046
TMCL VII 2021-2 Bonds | Class A Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued			605,200,000
TMCL VII 2021-2 Bonds | Class B Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued			$ 46,000,000
TMCL VII 2021-3 Bonds
Debt Instrument [Line Items]
Final Maturity				Aug. 31, 2046
TMCL VII 2021-3 Bonds | Class A Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued		548,800,000
TMCL VII 2021-3 Bonds | Class B Secured Debt Facility
Debt Instrument [Line Items]
Bonds issued		$ 51,200,000
[1]	Amounts for the years ended December 31, 2020 and 2019 have been reclassified to conform with the 2021 presentation (see Note 1 (w) “Reclassifications and Changes in Presentation”).
[2]	Final maturity of the TMCL II Secured Debt Facility is based on the assumption that the facility will not be extended on its scheduled conversion date.

Estimated Future Scheduled Repa

Estimated Future Scheduled Repayments (Detail)	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
2022	$ 388,831,000	[1]
2023	1,452,910,000	[1]
2024	395,784,000	[1]
2025	407,496,000	[1]
2026	471,703,000	[1]
2027 and thereafter	2,264,439,000	[1]
Total Borrowing	5,381,163,000	[1]
Available Borrowing, as Limited by the Borrowing Base	299,494,000	[1]
Current and Available Borrowing, as limited by the Borrowing Base	5,680,657,000	[1]
TL Revolving Credit Facility
Debt Instrument [Line Items]
2023	1,062,858,000
Total Borrowing	1,062,858,000
Available Borrowing, as Limited by the Borrowing Base	299,494,000
Current and Available Borrowing, as limited by the Borrowing Base	1,362,352,000
TL 2019 Term Loan
Debt Instrument [Line Items]
2022	11,285,000
2023	11,686,000
2024	12,102,000
2025	12,532,000
2026	90,973,000
Total Borrowing	138,578,000
Current and Available Borrowing, as limited by the Borrowing Base	138,578,000
TL 2021-1 Term loan
Debt Instrument [Line Items]
2022	5,490,000
2023	5,637,000
2024	5,789,000
2025	5,944,000
2026	6,103,000
2027 and thereafter	36,841,000
Total Borrowing	65,804,000
Current and Available Borrowing, as limited by the Borrowing Base	65,804,000
TL 2021-2 Term Loan
Debt Instrument [Line Items]
2022	14,434,000
2023	14,858,000
2024	15,294,000
2025	15,743,000
2026	16,205,000
2027 and thereafter	130,101,000
Total Borrowing	206,635,000
Current and Available Borrowing, as limited by the Borrowing Base	206,635,000
TMCL II Secured Debt Facility
Debt Instrument [Line Items]
2022	75,345,000	[2]
2023	69,210,000	[2]
2024	70,628,000	[2]
2025	82,028,000	[2]
2026	74,191,000	[2]
2027 and thereafter	702,339,000	[2]
Total Borrowing	1,073,741,000	[2]
Current and Available Borrowing, as limited by the Borrowing Base	1,073,741,000	[2]
TMCL VII 2020-1 Bonds
Debt Instrument [Line Items]
2022	56,921,000	[3]
2023	57,675,000	[3]
2024	58,419,000	[3]
2025	57,411,000	[3]
2026	51,728,000	[3]
2027 and thereafter	106,040,000	[3]
Total Borrowing	388,194,000	[3]
Current and Available Borrowing, as limited by the Borrowing Base	388,194,000	[3]
TMCL VII 2020-2 Bonds
Debt Instrument [Line Items]
2022	61,149,000	[3]
2023	66,779,000	[3]
2024	69,345,000	[3]
2025	69,631,000	[3]
2026	68,296,000	[3]
2027 and thereafter	200,490,000	[3]
Total Borrowing	535,690,000	[3]
Current and Available Borrowing, as limited by the Borrowing Base	535,690,000	[3]
TMCL VII 2020-3 Bonds
Debt Instrument [Line Items]
2022	20,111,000	[3]
2023	20,111,000	[3]
2024	20,111,000	[3]
2025	20,111,000	[3]
2026	20,111,000	[3]
2027 and thereafter	95,306,000	[3]
Total Borrowing	195,861,000	[3]
Current and Available Borrowing, as limited by the Borrowing Base	195,861,000	[3]
TMCL VII 2021-1 Bonds
Debt Instrument [Line Items]
2022	44,000,000	[3]
2023	44,000,000	[3]
2024	44,000,000	[3]
2025	44,000,000	[3]
2026	44,000,000	[3]
2027 and thereafter	293,333,000	[3]
Total Borrowing	513,333,000	[3]
Current and Available Borrowing, as limited by the Borrowing Base	513,333,000	[3]
TMCL VII 2021-2 Bonds
Debt Instrument [Line Items]
2022	52,096,000	[3]
2023	52,096,000	[3]
2024	52,096,000	[3]
2025	52,096,000	[3]
2026	52,096,000	[3]
2027 and thereafter	355,989,000	[3]
Total Borrowing	616,469,000	[3]
Current and Available Borrowing, as limited by the Borrowing Base	616,469,000	[3]
TMCL VII 2021-3 Bonds
Debt Instrument [Line Items]
2022	48,000,000	[3]
2023	48,000,000	[3]
2024	48,000,000	[3]
2025	48,000,000	[3]
2026	48,000,000	[3]
2027 and thereafter	344,000,000	[3]
Total Borrowing	584,000,000	[3]
Current and Available Borrowing, as limited by the Borrowing Base	$ 584,000,000	[3]
[1]	Future scheduled payments for all debts exclude prepaid debt issuance costs in an aggregate amount of $40,030.
[2]	The estimated future scheduled repayments for TMCL II Secured Debt Facility are based on the assumption that the facility will not be extended on its associated conversion date.
[3]	Future scheduled payments for all bonds payable exclude unamortized discounts in an aggregate amount of $613.

Estimated Future Scheduled Re_2

Estimated Future Scheduled Repayments (Parenthetical) (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Debt Disclosure [Abstract]
Bonds payable exclude an unamortized discount	$ 613
Prepaid debt issuance costs	$ 40,030

Summary of Fair Value of Deriva

Summary of Fair Value of Derivative Instruments Inclusive of Counterparty Risk on Consolidated Balance Sheets (Detail) - Interest Rate Swap - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Liabilities
Derivatives Fair Value [Line Items]
Liabilities	$ 2,139	$ 29,235
Assets
Derivatives Fair Value [Line Items]
Assets	12,278	47
Designated as Hedges | Liabilities
Derivatives Fair Value [Line Items]
Liabilities	2,139	9,665
Designated as Hedges | Assets
Derivatives Fair Value [Line Items]
Assets	$ 12,278	47
Not designated as hedges | Liabilities
Derivatives Fair Value [Line Items]
Liabilities		$ 19,570

Summary of Derivative Instrumen

Summary of Derivative Instruments (Detail) - Designated as Hedges - Interest Rate Swap $ in Thousands	Dec. 31, 2021USD ($)
Derivative [Line Items]
Notional amounts	$ 1,724,250
Amortizing | LIBOR
Derivative [Line Items]
Notional amounts	856,250
Amortizing | SOFR
Derivative [Line Items]
Notional amounts	$ 868,000

Summary of Derivative Instrum_2

Summary of Derivative Instruments (Parenthetical) (Detail) - Interest Rate Swaps - Designated as Hedges	12 Months Ended
	Dec. 31, 2021
LIBOR
Derivative [Line Items]
Derivative term	May 30, 2031
SOFR
Derivative [Line Items]
Derivative term	March 17, 2031
Minimum | LIBOR
Derivative [Line Items]
Fixed interest rate on derivative contracts	0.17%
Minimum | SOFR
Derivative [Line Items]
Fixed interest rate on derivative contracts	0.36%
Maximum [Member] | LIBOR
Derivative [Line Items]
Fixed interest rate on derivative contracts	1.28%
Maximum [Member] | SOFR
Derivative [Line Items]
Fixed interest rate on derivative contracts	1.48%

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - Interest Rate Swap $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Not designated as hedges
Derivative [Line Items]
Total notional amount	$ 508,250
Accrued interest	14,552
Designated as Hedges
Derivative [Line Items]
Total notional amount	1,030,000
Estimated amount to be reclassified from AOCI to interest expense	$ 13,365

Summary of Pre-tax Impact of De

Summary of Pre-tax Impact of Derivative Instruments on Consolidated Statements of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments Gain Loss [Line Items]
Pre-tax impact of derivative instruments	$ (5,634)	$ (12,295)	$ 1,946
Realized (loss) gain on financial instruments, net | Non-designated
Derivative Instruments Gain Loss [Line Items]
Pre-tax impact of derivative instruments	(5,408)	(12,295)	1,939
Unrealized gain (loss) on financial instruments, net | Non-designated
Derivative Instruments Gain Loss [Line Items]
Pre-tax impact of derivative instruments	5,220	(6,044)	(15,442)
Other comprehensive income (loss) | Designated
Derivative Instruments Gain Loss [Line Items]
Pre-tax impact of derivative instruments	10,986	(12,307)	(110)
Interest expense, net | Designated
Derivative Instruments Gain Loss [Line Items]
Pre-tax impact of derivative instruments	$ (8,771)	$ (2,806)	$ 7

Segment Information - Additiona

Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Summary of Segment Information

Summary of Segment Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Segment Reporting Information [Line Items]
Lease rental income	$ 750,730	$ 600,873		$ 619,760
Trading container margin	10,760	3,532		7,398
Gain on sale of owned fleet containers, net	67,229	27,230		21,397
Depreciation expense	281,575	261,665		260,372
Container lessee default recovery, net	1,088	1,675
Container lessee default expense, net				7,867
Interest expense	127,269	123,230		153,185
Debt termination expense	15,209	8,750
Realized (loss) gain on financial instruments, net	(5,634)	(12,295)		1,946
Unrealized gain (loss) on financial / derivatives instruments, net	4,409	(6,044)		(15,442)
Income before income taxes and non controlling interest	286,061	73,299	[1]	58,504
Income tax (expense) benefit	(1,773)	374		(1,948)
Total assets	7,367,444	5,741,376		5,202,617
Purchase of containers and fixed assets	1,993,140	968,398		433,677
Payments on container leaseback financing receivable	18,705	116,263		281,445
Owned Fleet
Segment Reporting Information [Line Items]
Lease rental income	694,693	538,425		517,859
Managed Fleet
Segment Reporting Information [Line Items]
Lease rental income	56,037	62,448		101,901
Container Ownership
Segment Reporting Information [Line Items]
Lease rental income	694,045	537,534		516,307
Gain on sale of owned fleet containers, net	67,229	27,230		21,397
Depreciation expense	289,610	268,401		266,832
Container lessee default recovery, net	1,088	1,675
Container lessee default expense, net				7,867
Interest expense	126,628	122,863		152,914
Debt termination expense	15,209	8,750		0
Realized (loss) gain on financial instruments, net	(5,408)	(12,295)		1,946
Unrealized gain (loss) on financial / derivatives instruments, net	5,220	(6,044)		(15,442)
Income before income taxes and non controlling interest	239,857	41,831	[1]	14,296
Income tax (expense) benefit	(1,404)	1,088		(1,086)
Total assets	7,269,451	5,641,866		5,101,301
Purchase of containers and fixed assets	1,991,898	968,204		420,971
Payments on container leaseback financing receivable	18,705	116,263		281,445
Container Ownership | Owned Fleet
Segment Reporting Information [Line Items]
Lease rental income	694,045	537,534		516,307
Container Management
Segment Reporting Information [Line Items]
Lease rental income	56,685	63,339		103,453
Depreciation expense	1,110	939		916
Interest expense	641	367		271
Realized (loss) gain on financial instruments, net	(226)
Unrealized gain (loss) on financial / derivatives instruments, net	(811)
Income before income taxes and non controlling interest	46,706	23,641	[1]	27,747
Income tax (expense) benefit	(369)	(714)		(862)
Total assets	230,810	180,933		184,215
Purchase of containers and fixed assets	1,242	194		12,706
Container Management | Owned Fleet
Segment Reporting Information [Line Items]
Lease rental income	648	891		1,552
Container Management | Managed Fleet
Segment Reporting Information [Line Items]
Lease rental income	56,037	62,448		101,901
Container Resale
Segment Reporting Information [Line Items]
Trading container margin	10,760	3,532		7,398
Income before income taxes and non controlling interest	19,166	16,433	[1]	21,036
Total assets	15,819	12,050		19,573
Other
Segment Reporting Information [Line Items]
Income before income taxes and non controlling interest	(4,845)	(3,254)	[1]	(4,089)
Total assets	12,644	13,691		7,206
Management Fees - Non-Leasing
Segment Reporting Information [Line Items]
Revenue	3,360	5,271		7,590
Management Fees - Non-Leasing | External Customers
Segment Reporting Information [Line Items]
Revenue	3,360	5,271		7,590
Management Fees - Non-Leasing | Container Ownership | External Customers
Segment Reporting Information [Line Items]
Revenue		392		219
Management Fees - Non-Leasing | Container Management
Segment Reporting Information [Line Items]
Revenue	83,074	54,899		48,215
Management Fees - Non-Leasing | Container Management | External Customers
Segment Reporting Information [Line Items]
Revenue	373	129		1,646
Management Fees - Non-Leasing | Container Resale
Segment Reporting Information [Line Items]
Revenue	9,954	12,575		12,323
Management Fees - Non-Leasing | Container Resale | External Customers
Segment Reporting Information [Line Items]
Revenue	2,987	4,750		5,725
Eliminations
Segment Reporting Information [Line Items]
Depreciation expense	(9,145)	(7,675)		(7,376)
Income before income taxes and non controlling interest	(14,823)	(5,352)	[1]	(486)
Total assets	(161,280)	(107,164)		(109,678)
Eliminations | Management Fees - Non-Leasing
Segment Reporting Information [Line Items]
Revenue	$ (93,028)	$ (67,474)		$ (60,538)
[1]	(1) Container Ownership segment income (loss) before income tax and noncontrolling interests includes unrealized gain (loss) on financial instruments, net of $4,409, $(6,044) and $(15,442) for the years ended December 31, 2021, 2020 and 2019, respectively, and debt termination expense of $15,209, $8,750 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively.

Summary of Segment Informatio_2

Summary of Segment Information (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Unrealized gain (loss) on financial instruments, net	$ 4,409	$ (6,044)	$ (15,442)
Debt termination expense	15,209	8,750
Container Ownership
Segment Reporting Information [Line Items]
Unrealized gain (loss) on financial instruments, net	5,220	(6,044)	(15,442)
Debt termination expense	$ 15,209	$ 8,750	$ 0

Segment Information Geographic

Segment Information Geographic Allocation of Lease Rental Income and Management Fees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Lease rental income	$ 750,730	$ 600,873	$ 619,760
Percent of Total, Lease rental income	100.00%	100.00%	100.00%
Percent of Total, Management fees	100.00%	100.00%	100.00%
Asia
Segment Reporting Information [Line Items]
Lease rental income	$ 373,614	$ 302,709	$ 329,567
Percent of Total, Lease rental income	49.80%	50.40%	53.20%
Percent of Total, Management fees	1.30%	0.20%	0.40%
Bermuda
Segment Reporting Information [Line Items]
Percent of Total, Management fees	50.60%	53.10%	60.20%
Europe
Segment Reporting Information [Line Items]
Lease rental income	$ 343,351	$ 266,431	$ 255,495
Percent of Total, Lease rental income	45.70%	44.30%	41.20%
Percent of Total, Management fees	45.50%	45.50%	30.80%
North / South America
Segment Reporting Information [Line Items]
Lease rental income	$ 32,296	$ 29,391	$ 31,786
Percent of Total, Lease rental income	4.30%	4.90%	5.10%
Percent of Total, Management fees	0.70%	0.20%	4.50%
All other international
Segment Reporting Information [Line Items]
Lease rental income	$ 1,469	$ 2,342	$ 2,912
Percent of Total, Lease rental income	0.20%	0.40%	0.50%
Percent of Total, Management fees	1.90%	1.00%	4.10%
Total Management Fees
Segment Reporting Information [Line Items]
Revenue	$ 7,689	$ 9,678	$ 15,239
Total Management Fees | Non Leasing From External Customers
Segment Reporting Information [Line Items]
Revenue	3,360	5,271	7,590
Total Management Fees | Non Leasing From External Customers | Asia
Segment Reporting Information [Line Items]
Revenue	45	11	28
Total Management Fees | Non Leasing From External Customers | Bermuda
Segment Reporting Information [Line Items]
Revenue	1,699	2,797	4,576
Total Management Fees | Non Leasing From External Customers | Europe
Segment Reporting Information [Line Items]
Revenue	1,530	2,397	2,334
Total Management Fees | Non Leasing From External Customers | North / South America
Segment Reporting Information [Line Items]
Revenue	23	9	342
Total Management Fees | Non Leasing From External Customers | All other international
Segment Reporting Information [Line Items]
Revenue	$ 63	$ 57	$ 310

Segment Information Geographi_2

Segment Information Geographic Allocation of Trading Container Sales Proceeds and Gains on Sale of Owned Fleet Containers Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Gain on sale of owned fleet containers, net	$ 67,229	$ 27,230	$ 21,397
Percent of Total, Trading container sales proceeds	100.00%	100.00%	100.00%
Percent of Total, Gain on sale of containers, net	100.00%	100.00%	100.00%
Trading Containers
Segment Reporting Information [Line Items]
Revenue	$ 32,045	$ 31,941	$ 58,734
Asia
Segment Reporting Information [Line Items]
Gain on sale of owned fleet containers, net	$ 46,328	$ 13,082	$ 7,714
Percent of Total, Trading container sales proceeds	44.70%	46.60%	67.30%
Percent of Total, Gain on sale of containers, net	68.90%	48.10%	36.00%
Asia | Trading Containers
Segment Reporting Information [Line Items]
Revenue	$ 14,317	$ 14,896	$ 39,519
Europe
Segment Reporting Information [Line Items]
Gain on sale of owned fleet containers, net	$ 10,516	$ 5,538	$ 5,577
Percent of Total, Trading container sales proceeds	16.60%	12.50%	10.90%
Percent of Total, Gain on sale of containers, net	15.70%	20.30%	26.10%
Europe | Trading Containers
Segment Reporting Information [Line Items]
Revenue	$ 5,321	$ 3,991	$ 6,411
North / South America
Segment Reporting Information [Line Items]
Gain on sale of owned fleet containers, net	$ 10,385	$ 8,610	$ 6,809
Percent of Total, Trading container sales proceeds	38.70%	40.90%	21.80%
Percent of Total, Gain on sale of containers, net	15.40%	31.60%	31.80%
North / South America | Trading Containers
Segment Reporting Information [Line Items]
Revenue	$ 12,404	$ 13,045	$ 12,788
All other international
Segment Reporting Information [Line Items]
Gain on sale of owned fleet containers, net			$ 1,297
Percent of Total, Trading container sales proceeds	0.00%	0.00%	0.00%
Percent of Total, Gain on sale of containers, net			6.10%
All other international | Trading Containers
Segment Reporting Information [Line Items]
Revenue	$ 3	$ 9	$ 16

Commitments and Contingencies -

Commitments and Contingencies - Summary of Restricted Cash (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Restricted Cash And Cash Equivalents Items [Line Items]
Total restricted cash	$ 76,362	$ 74,147
Other Restricted Cash Accounts
Restricted Cash And Cash Equivalents Items [Line Items]
Total restricted cash	60,073	57,093
Trust Accounts
Restricted Cash And Cash Equivalents Items [Line Items]
Total restricted cash	$ 16,289	$ 17,054

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Jan. 31, 2022	Dec. 31, 2021
Commitments And Contingencies Disclosure [Line Items]
Containers orders placed		$ 75,015,000
Future minimum lease payment obligations		12,329,000
Fleet Management Agreements
Commitments And Contingencies Disclosure [Line Items]
Future minimum lease payment obligations		$ 0
Sales-type Leaseback Financing Arrangement | Subsequent Event
Commitments And Contingencies Disclosure [Line Items]
Containers orders placed	$ 411,870,000

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vest increments per year	25.00%
Total Compensation cost related to non-vested share option and restricted stock unit not yet recognized	$ 622
Total compensation cost related to non-vested shares and restricted stock to be recognized over weighted average period	1 year 6 months
Closing common share price	$ 35.71
Aggregate intrinsic value of all options exercisable and outstanding	$ 11,776
Aggregate intrinsic value of all options exercised	$ 5,513	$ 710	$ 4
Weighted average contractual life of share options exercisable	4 years 4 months 24 days
Weighted average contractual life of share options outstanding	4 years 8 months 12 days
Stock options granted	0	0	250,000
Weighted average grant date fair value of share options granted			$ 4.47
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units granted			0
Time-based RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Compensation cost related to non-vested share option and restricted stock unit not yet recognized	$ 11,889
Total compensation cost related to non-vested shares and restricted stock to be recognized over weighted average period	1 year 10 months 24 days
Market-based RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Compensation cost related to non-vested share option and restricted stock unit not yet recognized	$ 11,889
Total compensation cost related to non-vested shares and restricted stock to be recognized over weighted average period	1 year 10 months 24 days
Employees | RSU | Prior to 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vest increments per year	25.00%
Vesting period	4 years
Employees | RSU | During 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vest increments per year	33.33%
Vesting period	3 years
Directors | RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Certain Executive | PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years	3 years
2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2,105,418
Share units granted	207,790	384,428	309,192
2019 Plan | RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units granted	102,956	200,868	309,192
2019 Plan | PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Summary of Activity of Stock Op

Summary of Activity of Stock Option in Two Thousand Nineteen Plan (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share options (common share equivalents)
Beginning Balance	1,529,026	1,807,665	1,703,908
Options granted during the period	0	0	250,000
Options exercised during the period	(477,103)	(113,960)	(13,014)
Options expired during the period	(40,000)	(130,711)	(113,917)
Options forfeited during the period	(19,128)	(33,968)	(19,312)
Ending Balance	992,795	1,529,026	1,807,665
Options exercisable at period end	833,186
Options vested and expected to vest at period end	986,011
Weighted average exercise price
Beginning Balance	$ 19.90	$ 19.76	$ 21.44
Options granted during the period			9.14
Options exercised during the period	18.95	11.36	9.70
Options expired during the period	32.70	26.14	23.73
Options forfeited during the period	10.74	12.40	14.08
Ending Balance	20.02	$ 19.90	$ 19.76
Options exercisable at period end	21.98
Options vested and expected to vest at period end	$ 20.09

Fair Value of Stock Option_PSU

Fair Value of Stock Option/PSU Awards Granted Assumptions Used (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement Assumptions Used To Estimate Fair Values Of Share Options Granted [Line Items]
Risk-free interest rates			1.70%
Expected terms (in years)			5 years 6 months
Expected common share price volatilities			52.90%
Expected dividends			0.00%
Expected forfeitures			3.40%
PSU
Share Based Compensation Arrangement Assumptions Used To Estimate Fair Values Of Share Options Granted [Line Items]
Risk-free interest rates	0.54%	0.16%
Expected common share price volatilities	59.80%	57.40%
Expected dividends	0.00%	0.00%

Summary of Activity of RSU and

Summary of Activity of RSU and PSU Awards Under the 2019 Plan (Detail) - 2019 Plan - $ / shares		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
RSU and PSU
Beginning Balance		721,901		657,620	640,750
Share units granted during the period		207,790		384,428	309,192
Share units vested during the period		(285,688)	[1]	(300,404)	(281,377)
Share units forfeited during the period		(18,753)		(19,743)	(10,945)
Ending Balance		625,250		721,901	657,620
Total share units outstanding and expected to vest at period end		590,615
RSU
RSU and PSU
Beginning Balance		538,341		657,620	640,750
Share units granted during the period		102,956		200,868	309,192
Share units vested during the period		(278,684)	[1]	(300,404)	(281,377)
Share units forfeited during the period		(18,753)		(19,743)	(10,945)
Ending Balance		343,860		538,341	657,620
PSU
RSU and PSU
Beginning Balance	[2]	183,560
Share units granted during the period	[2]	104,834		183,560
Share units vested during the period	[1],[2]	(7,004)
Ending Balance	[2]	281,390		183,560
RSU and PSU
Weighted average grant date fair value
Beginning Balance		$ 14.55		$ 11.95	$ 14.20
Share units granted during the period		44.62		16.96	9.20
Share units vested during the period		12.32	[1]	12.08	13.97
Share units forfeited during the period		12.70		12.62	14.32
Ending Balance		25.37		$ 14.55	$ 11.95
Total share units outstanding and expected to vest at December 31, 2021		$ 25.12
[1]	As of December 31, 2021, an incremental fair value expense of $577 was recognized for certain awards that were modified to accelerate vesting upon retirement.
[2]	The grant date fair value of PSU awards granted during 2021 and 2020 were $55.85 per share and $22.06 per share, respectively. On the settlement date for each measurement period of market-based awards, grantees may receive shares equal to 0% to 200% of the three-year

Summary of Activity of RSU an_2

Summary of Activity of RSU and PSU Awards Under the 2019 Plan (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units granted			0
2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share units granted	207,790	384,428	309,192
Incremental fair value expense	$ 577
2019 Plan | PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value	$ 55.85	$ 22.06
Vesting period	3 years
2019 Plan | PSU | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares on settlement date grantee may receive if certain criteria is met	0.00%
2019 Plan | PSU | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares on settlement date grantee may receive if certain criteria is met	200.00%

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail)	Aug. 31, 2021USD ($)$ / shares	May 31, 2021USD ($)	Aug. 31, 2021USD ($)$ / sharesshares	Apr. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)
Equity Class Of Treasury Stock [Line Items]
Increase in common stock repurchase program, authorized amount | $					$ 100,000,000	$ 75,000,000
Purchase of treasury shares (in shares) | shares					2,426,725	6,736,493
Common stock repurchased, average price per share					$ 29.76	$ 10.17
Purchase of treasury shares | $					$ 72,220,000	$ 68,493,000	$ 8,597,000
Common stock repurchased program, amount remained available for repurchases | $					$ 51,134,000
Depositary shares issued | shares			6,000,000	6,000,000
Depositary shares, interest in corresponding series of preferred stock			0.001	0.001
Preferred stock, liquidation preference per share				$ 25,000
Depositary per share equivalent to liquidation preference per share			$ 25	$ 25
Proceeds from issuance of depositary shares | $			$ 144,872,000	$ 144,708,000
Redemption description					Each Series of preferred shares may be redeemed at the Company’s option, at any time after approximately five years from original issuance, for cash at a redemption price of $25.00 per depositary share plus an amount equal to all accumulated and unpaid dividends, whether or not declared.
Redemption price per depositary share				$ 25
Preferred stock shares, liquidation preference per share				$ 25,000
Cumulative unpaid preferred dividends | $					$ 854,000
Common stock, dividends, per share, declared					$ 0.25
Aggregate Payment | $					$ 12,285,000
Payment Date	Sep. 15, 2021	Jun. 15, 2021	Dec. 15, 2021		Dec. 15, 2021
Series A Preferred Shares
Equity Class Of Treasury Stock [Line Items]
Depositary shares issued | shares					6,000,000
Dividend rate				7.00%	7.00%
Preferred stock, par value Per Share				$ 0.01	$ 0.01
Preferred stock, liquidation preference per share				$ 25,000	25,000
Depositary per share equivalent to liquidation preference per share					25
Preferred shares redeemable date				Jun. 15, 2026
Preferred stock shares, liquidation preference per share				$ 25,000	$ 25,000
Aggregate Payment | $	$ 2,625,000	$ 1,808,000	$ 2,625,000
Series B Preferred Shares
Equity Class Of Treasury Stock [Line Items]
Depositary shares issued | shares					6,000,000
Dividend rate			6.25%		6.25%
Preferred stock, par value Per Share	$ 0.01		$ 0.01
Preferred stock, liquidation preference per share	25,000		$ 25,000
Depositary per share equivalent to liquidation preference per share					$ 25
Preferred shares redeemable date			Dec. 15, 2026
Preferred stock shares, liquidation preference per share	$ 25,000		$ 25,000
Aggregate Payment | $	$ 2,917,000		$ 2,917,000
Maximum
Equity Class Of Treasury Stock [Line Items]
Common stock repurchased program, authorized amount | $							$ 25,000,000

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Company's Board of Directors Approved and Declared Quarterly Cash Dividends (Detail) - USD ($) $ / shares in Units, $ in Thousands		Aug. 31, 2021	May 31, 2021	Aug. 31, 2021	Dec. 31, 2021
Class Of Stock [Line Items]
Record Date		Aug. 31, 2021	May 31, 2021	Dec. 3, 2021
Payment Date		Sep. 15, 2021	Jun. 15, 2021	Dec. 15, 2021	Dec. 15, 2021
Aggregate Payment					$ 12,285
Series A Preferred Shares
Class Of Stock [Line Items]
Aggregate Payment		$ 2,625	$ 1,808	$ 2,625
Per Depositary Share Payment	[1]	$ 0.44	$ 0.30	$ 0.44
Series B Preferred Shares
Class Of Stock [Line Items]
Aggregate Payment		$ 2,917		$ 2,917
Per Depositary Share Payment	[1]	$ 0.49		$ 0.49
[1]	Rounded to the nearest whole cent.

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		Aug. 31, 2021	May 31, 2021	Feb. 28, 2022	Aug. 31, 2021	Dec. 31, 2021
Subsequent Event [Line Items]
Aggregate Payment						$ 12,285
Common stock, dividends, per share, declared						$ 0.25
Payment Date		Sep. 15, 2021	Jun. 15, 2021		Dec. 15, 2021	Dec. 15, 2021
Series A Preferred Shares
Subsequent Event [Line Items]
Per Depositary Share Payment	[1]	$ 0.44	$ 0.30		$ 0.44
Aggregate Payment		$ 2,625	$ 1,808		$ 2,625
Series B Preferred Shares
Subsequent Event [Line Items]
Per Depositary Share Payment	[1]	$ 0.49			$ 0.49
Aggregate Payment		$ 2,917			$ 2,917
Subsequent Event
Subsequent Event [Line Items]
Common stock, dividends, per share, declared				$ 0.25
Payment Date				Mar. 15, 2022
Subsequent Event | Series A Preferred Shares
Subsequent Event [Line Items]
Per Depositary Share Payment				$ 0.44
Aggregate Payment				$ 2,625
Subsequent Event | Series B Preferred Shares
Subsequent Event [Line Items]
Per Depositary Share Payment				$ 0.39
Aggregate Payment				$ 2,344
[1]	Rounded to the nearest whole cent.

Condensed Statements of Compreh

Condensed Statements of Comprehensive Income (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Operating expenses:
General and administrative expense	$ 46,462	$ 41,880		$ 38,142
Loss from operations	430,131	221,599		222,684
Other income:
Interest income	123	531		2,505
Other, net	(490)	1,488		(4)
Net other expense	(144,070)	(148,300)		(164,180)
Income before income tax	286,061	73,299	[1]	58,504
Income tax (expense) benefit	(1,773)	374		(1,948)
Net income	284,288	$ 73,673		$ 56,556
Less: Dividends on preferred shares	$ (10,829)
Net income attributable to common shareholders per share:
Basic	$ 5.51	$ 1.37		$ 0.99
Diluted	$ 5.41	$ 1.36		$ 0.99
Weighted average shares outstanding (in thousands):
Basic	49,624	53,271		57,349
Diluted	50,576	53,481		57,459
Other comprehensive income, before tax:
Change in derivative instruments designated as cash flow hedges	$ 10,986	$ (12,307)		$ (110)
Reclassification of realized loss (gain) on derivative instruments designated as cash flow hedges	(8,771)	(2,806)		7
Income tax (expense) benefit related to items of other comprehensive income	(184)	91
Comprehensive income, after tax	303,782	64,440		56,481
Less: Dividends on preferred shares	(10,829)
Comprehensive income attributable to common shareholders	292,953	63,589		56,649
Parent Company
Operating expenses:
General and administrative expense	4,519	3,988		4,089
Total operating expenses	4,519	3,988		4,089
Loss from operations	(4,519)	(3,988)		(4,089)
Other income:
Equity in net income of subsidiaries	289,133	76,076		60,813
Interest income	55	80
Other, net	(381)	654
Net other expense	288,807	76,810		60,813
Income before income tax	284,288	72,822		56,724
Net income	284,288	72,822		56,724
Less: Dividends on preferred shares	10,829
Net income attributable to common shareholders	$ 273,459	$ 72,822		$ 56,724
Net income attributable to common shareholders per share:
Basic	$ 5.51	$ 1.37		$ 0.99
Diluted	$ 5.41	$ 1.36		$ 0.99
Weighted average shares outstanding (in thousands):
Basic	49,624	53,271		57,349
Diluted	50,576	53,481		57,459
Other comprehensive income, before tax:
Change in derivative instruments designated as cash flow hedges	$ 10,986	$ (12,307)		$ (110)
Reclassification of realized loss (gain) on derivative instruments designated as cash flow hedges	8,771	2,806		(7)
Foreign currency translation adjustments	(79)	177		42
Comprehensive income, before tax	303,966	63,498		56,649
Income tax (expense) benefit related to items of other comprehensive income	(184)	91
Comprehensive income, after tax	303,782	63,589		56,649
Less: Dividends on preferred shares	10,829
Comprehensive income attributable to common shareholders	$ 292,953	$ 63,589		$ 56,649
[1]	(1) Container Ownership segment income (loss) before income tax and noncontrolling interests includes unrealized gain (loss) on financial instruments, net of $4,409, $(6,044) and $(15,442) for the years ended December 31, 2021, 2020 and 2019, respectively, and debt termination expense of $15,209, $8,750 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively.

Condensed Balance Sheets (Detai

Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 206,210	$ 131,018
Prepaid expenses and other current assets	14,184	13,713
Total current assets	511,628	385,357
Total assets	7,367,444	5,741,376	$ 5,202,617
Current liabilities:
Accounts payable and accrued expenses	22,111	24,385
Total current liabilities	566,166	685,382
Shareholders’ equity:
Common shares	595	587
Treasury shares	(158,459)	(86,239)
Additional paid-in capital	428,945	416,609
Accumulated other comprehensive income (loss)	9,750	(9,744)
Retained earnings	1,200,423	938,395
Total Textainer Group Holdings Limited shareholders’ equity	1,781,254	1,259,608
Total liabilities and equity	7,367,444	5,741,376
Parent Company
Current assets:
Cash and cash equivalents	10,696	12,372	$ 5,956	$ 9,444
Prepaid expenses and other current assets	378	336
Due from affiliates, net	2,231	2,679
Total current assets	13,305	15,387
Investments in subsidiaries	1,768,779	1,245,427
Total assets	1,782,084	1,260,814
Current liabilities:
Accounts payable and accrued expenses	830	394
Total current liabilities	830	394
Shareholders’ equity:
Preferred shares	300,000
Common shares	595	587
Treasury shares	(158,459)	(86,239)
Additional paid-in capital	428,945	417,421
Accumulated other comprehensive income (loss)	9,750	(9,744)
Retained earnings	1,200,423	938,395
Total Textainer Group Holdings Limited shareholders’ equity	1,781,254	1,260,420
Total liabilities and equity	$ 1,782,084	$ 1,260,814

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 284,288	$ 73,673	$ 56,556
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation expense	6,699	4,723	4,388
Decrease (increase) in:
Prepaid expenses and other current assets	(2,577)	1,103	8,693
Increase (decrease) in:
Accounts payable and accrued expenses	(2,350)	981	(4,363)
Total adjustments	327,495	322,582	371,989
Net cash provided by operating activities	611,783	396,255	428,545
Cash flows from investing activities:
Net cash used in investing activities	(1,930,129)	(689,902)	(761,792)
Cash flows from financing activities:
Issuance of preferred shares, net of underwriting discount	290,550
Purchase of treasury shares	(72,220)	(68,493)	(8,597)
Issuance of common shares upon exercise of share options	9,043	1,295	126
Dividends paid on common shares	(12,285)
Dividends paid on preferred shares	(9,975)
Other	(970)
Net cash provided by financing activities	1,395,832	220,730	386,182
Effect of exchange rate changes	(79)	177	42
Cash and cash equivalents, beginning of the year	131,018
Cash and cash equivalents, end of the year	206,210	131,018
Parent Company
Cash flows from operating activities:
Net income	284,288	72,822	56,724
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in net income of subsidiaries	(289,133)	(76,076)	(60,813)
Dividends received from subsidiaries	61,000	76,167	46,823
Share-based compensation expense	6,699	4,723	4,388
Decrease (increase) in:
Prepaid expenses and other current assets	(42)	(26)	(128)
Increase (decrease) in:
Accounts payable and accrued expenses	436	(82)	(237)
Total adjustments	(221,040)	4,706	(9,967)
Net cash provided by operating activities	63,248	77,528	46,757
Cash flows from investing activities:
Investments in subsidiaries	(269,436)	(2,050)	(41,865)
Net cash used in investing activities	(269,436)	(2,050)	(41,865)
Cash flows from financing activities:
Issuance of preferred shares, net of underwriting discount	290,550
Purchase of treasury shares	(72,220)	(68,493)	(8,597)
Issuance of common shares upon exercise of share options	9,043	1,295	126
Dividends paid on common shares	(12,285)
Dividends paid on preferred shares	(9,975)
Due to (from) affiliates, net	448	(2,041)	49
Other	(970)
Net cash provided by financing activities	204,591	(69,239)	(8,422)
Effect of exchange rate changes	(79)	177	42
Net (decrease) increase in cash and cash equivalents	(1,676)	6,416	(3,488)
Cash and cash equivalents, beginning of the year	12,372	5,956	9,444
Cash and cash equivalents, end of the year	$ 10,696	$ 12,372	$ 5,956

Valuation Accounts (Detail)

Valuation Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts receivable, allowance for doubtful accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 2,663	$ 6,299	$ 5,729
Additions Charged to Expense (Recovery)	(674)	(3,149)	2,096
Deductions Credited and Write-Offs	(699)	(487)	(1,526)
Balance at End of Year	1,290	2,663	6,299
Net investment in finance leases, allowance for credit losses
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	1,333	636
Additions Charged to Expense (Recovery)	(590)	697
Balance at End of Year	743	1,333	636
Container leaseback financing receivable, allowance for credit losses
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	424	256
Additions Charged to Expense (Recovery)	(311)	168
Balance at End of Year	$ 113	$ 424	$ 256