Document_and_Entity_Informatio
| Document and Entity Information | 9 Months Ended |
| Sep. 30, 2014 | |
| Document and Entity Information | ' |
| Entity Registrant Name | 'TRAC Intermodal LLC |
| Entity Central Index Key | '0001570774 |
| Document Type | '10-Q |
| Document Period End Date | 30-Sep-14 |
| Amendment Flag | 'false |
| Current Fiscal Year End Date | '--12-31 |
| Entity Current Reporting Status | 'Yes |
| Entity Filer Category | 'Non-accelerated Filer |
| Entity Common Stock, Shares Outstanding | 0 |
| Document Fiscal Year Focus | '2014 |
| Document Fiscal Period Focus | 'Q3 |
Consolidated_Balance_Sheets
| Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Assets | ' | ' |
| Cash and cash equivalents | $5,331 | $11,843 |
| Accounts receivable, net of allowance of $16,715 and $12,475, respectively | 136,471 | 113,138 |
| Net investment in direct finance leases | 18,093 | 25,026 |
| Leasing equipment, net of accumulated depreciation of $386,515 and $365,429, respectively | 1,427,018 | 1,394,088 |
| Goodwill | 251,907 | 251,907 |
| Other assets | 42,995 | 45,908 |
| Total assets | 1,881,815 | 1,841,910 |
| Liabilities | ' | ' |
| Accounts payable | 14,244 | 12,092 |
| Accrued expenses and other liabilities | 68,275 | 42,692 |
| Deferred income taxes, net | 96,447 | 99,331 |
| Debt and capital lease obligations: | ' | ' |
| Due within one year | 35,644 | 34,029 |
| Due after one year | 1,146,182 | 1,130,108 |
| Total debt and capital lease obligations | 1,181,826 | 1,164,137 |
| Total liabilities | 1,360,792 | 1,318,252 |
| Commitments and contingencies (Note 8) | ' | ' |
| Member's interest | ' | ' |
| Member's interest | 551,930 | 562,006 |
| Accumulated other comprehensive loss | -30,907 | -38,348 |
| Total member's interest | 521,023 | 523,658 |
| Total liabilities and member's interest | $1,881,815 | $1,841,910 |
Consolidated_Balance_Sheets_Pa
| Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Consolidated Balance Sheets | ' | ' |
| Accounts receivable, allowance | $16,715 | $12,475 |
| Leasing equipment, accumulated depreciation | $386,515 | $365,429 |
Consolidated_Statements_of_Ope
| Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Revenues | ' | ' | ' | ' |
| Equipment leasing revenue | $158,844 | $125,488 | $429,928 | $345,002 |
| Finance revenue | 495 | 746 | 1,651 | 2,564 |
| Other revenue | 7,758 | 8,010 | 27,596 | 31,609 |
| Total revenues | 167,097 | 134,244 | 459,175 | 379,175 |
| Expenses | ' | ' | ' | ' |
| Direct operating expenses | 94,385 | 81,140 | 244,201 | 215,336 |
| Selling, general and administrative expenses | 21,293 | 14,737 | 62,406 | 41,998 |
| Depreciation expense | 18,942 | 18,161 | 54,219 | 53,124 |
| Provision for doubtful accounts | 3,579 | 3,727 | 10,696 | 8,434 |
| Impairment of leasing equipment | 932 | 1,065 | 3,249 | 3,629 |
| Early retirement of leasing equipment | ' | ' | 37,766 | ' |
| Loss on modification and extinguishment of debt and capital lease obligations | ' | 6 | 102 | 901 |
| Interest expense | 21,079 | 22,926 | 64,670 | 68,336 |
| Interest income | -5 | -15 | -52 | -286 |
| Other (income) expense, net | -166 | 94 | -683 | -1,896 |
| Total expenses | 160,039 | 141,841 | 476,574 | 389,576 |
| Income (loss) before provision (benefit) for income taxes | 7,058 | -7,597 | -17,399 | -10,401 |
| Provision (benefit) for income taxes | 896 | -1,273 | -7,290 | -2,409 |
| Net income (loss) | $6,162 | ($6,324) | ($10,109) | ($7,992) |
Consolidated_Statements_of_Com
| Consolidated Statements of Comprehensive (Loss) Income (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Consolidated Statements of Comprehensive (Loss) Income | ' | ' | ' | ' |
| Net income (loss) | $6,162 | ($6,324) | ($10,109) | ($7,992) |
| Unrealized gain (loss) on derivative instruments, net of tax of ($567) and $721 and $134 and ($1,074), respectively | 871 | -1,113 | -207 | 1,662 |
| Derivative loss reclassified into earnings, net of tax of ($1,604) and ($1,937) and ($5,147) and ($5,962), respectively | 2,469 | 2,995 | 7,921 | 9,218 |
| Foreign currency translation, net of tax of $138 and ($39) and $173 and $182, respectively | -212 | 50 | -273 | -283 |
| Total other comprehensive income, net of tax | 3,128 | 1,932 | 7,441 | 10,597 |
| Total comprehensive income (loss) | $9,290 | ($4,392) | ($2,668) | $2,605 |
Consolidated_Statements_of_Com1
| Consolidated Statements of Comprehensive (Loss) Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Consolidated Statements of Comprehensive (Loss) Income | ' | ' | ' | ' |
| Unrealized gain (loss) on derivative instruments, tax | ($567) | $721 | $134 | ($1,074) |
| Derivative loss reclassified into earnings, tax | -1,604 | -1,937 | -5,147 | -5,962 |
| Foreign currency translation, tax | $138 | ($39) | $173 | $182 |
Consolidated_Statements_of_Cas
| Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
| Cash flows from operating activities | ' | ' |
| Net loss | ($10,109) | ($7,992) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ' | ' |
| Depreciation and amortization | 54,414 | 53,302 |
| Provision for doubtful accounts | 10,696 | 8,434 |
| Amortization of deferred financing fees | 5,014 | 4,609 |
| Loss on modification and extinguishment of debt and capital lease obligations | 102 | 901 |
| Derivative loss reclassified into earnings | 13,068 | 15,180 |
| Ineffective portion of cash flow hedges | -63 | -60 |
| Impairment of leasing equipment | 3,249 | 3,629 |
| Early retirement of leasing equipment | 37,766 | ' |
| Share-based compensation | 654 | 873 |
| Deferred income taxes, net | -8,072 | -2,336 |
| Other, net | -686 | -1,172 |
| Changes in assets and liabilities: | ' | ' |
| Accounts receivable | -33,791 | -52,106 |
| Other assets | -2,254 | -700 |
| Accounts payable | 2,152 | 4,969 |
| Accrued expenses and other liabilities | 11,916 | 4,296 |
| Net cash provided by operating activities | 84,056 | 31,827 |
| Cash flows from investing activities | ' | ' |
| Proceeds from sale of leasing equipment | 7,594 | 5,961 |
| Collections on net investment in direct finance leases, net of interest earned | 3,586 | 4,262 |
| Purchase of leasing equipment | -114,041 | -131,509 |
| Purchase of fixed assets | -2,163 | -3,617 |
| Net cash used in investing activities | -105,024 | -124,903 |
| Cash flows from financing activities | ' | ' |
| Proceeds from debt | 119,000 | 142,000 |
| Repayments of debt | -101,529 | -63,506 |
| Cash paid for debt issuance fees | -2,069 | -2,267 |
| Repurchase of indirect parent shares from employees | -630 | -509 |
| Net cash provided by (used in) financing activities | 14,772 | 75,718 |
| Effect of changes in exchange rates on cash and cash equivalents | -316 | -265 |
| Net decrease in cash and cash equivalents | -6,512 | -17,623 |
| Cash and cash equivalents, beginning of year | 11,843 | 26,556 |
| Cash and cash equivalents, end of period | 5,331 | 8,933 |
| Supplemental disclosures of cash flow information | ' | ' |
| Cash paid for interest | 54,665 | 57,784 |
| Cash paid for taxes, net | $945 | $315 |
Description_of_the_Business_an
| Description of the Business and Basis of Presentation | 9 Months Ended |
| Sep. 30, 2014 | |
| Description of the Business and Basis of Presentation | ' |
| Description of the Business and Basis of Presentation | ' |
| 1.Description of the Business and Basis of Presentation | |
| The accompanying consolidated financial statements of TRAC Intermodal LLC (the “Company,” “we,” “our” or “TRAC”) are unaudited and have been prepared pursuant to U.S. generally accepted accounting principles (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting and, in our opinion, reflect all adjustments, including normal recurring items, which are necessary to present fairly the results for interim periods. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the entire year. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been omitted in accordance with the rules and regulations of the SEC; however, we believe that the disclosures are adequate to make information presented not misleading. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2013 and with the information contained in other publicly-available filings with the SEC. | |
| TRAC is an intermodal chassis solutions provider for domestic and international transportation companies in North America. Its principal business is providing marine and domestic chassis on both long and short-term leases or rental agreements to a diversified customer base including the world’s leading shipping lines, Class I railroads, major U.S. intermodal transportation companies and motor carriers. The Company and its subsidiaries conduct business principally in one industry, the leasing of intermodal transportation equipment. The Company has two reportable segments, the Marine Market segment and the Domestic Market segment. The Company purchases equipment directly from manufacturers and shipping lines as well as through lease agreements, some of which qualify as capital leases. Primarily all of the Company’s revenues and long-lived assets are attributable to business conducted in the United States. | |
| TRAC is a Delaware limited liability company that was formed on July 12, 2012 in connection with the issuance of Senior Secured Notes offered in the Offering Memorandum related thereto dated August 2, 2012. The Company conducts its business through its 100% owned subsidiary, Interpool, Inc. (“Interpool”) and its consolidated subsidiaries. TRAC is ultimately owned by Seacastle Inc. (“Seacastle”). Seacastle is owned by private equity funds that are managed by an affiliate of Fortress Investment Group LLC (“Fortress”) and by employees of affiliates of Seacastle. Interpool was founded in 1968 as an operating lessor servicing the intermodal transportation equipment industry. Interpool was listed on The New York Stock Exchange as a public company in 1993 and was acquired and taken private by Seacastle in July 2007. | |
| New Accounting Standards | |
| Pending Adoption | |
| In August 2014, the FASB issued authoritative guidance on accounting for Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). The amendments in this Update provide guidance on management’s responsibility in evaluating whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Currently, there is no guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. U.S. auditing standards and federal securities law require that an auditor evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern for a reasonable period of time not to exceed one year beyond the date of the financial statements being audited. Because of the lack of guidance in U.S. GAAP and the differing views about when there is substantial doubt about an entity’s ability to continue as a going concern, there is diversity in whether, when, and how an entity discloses the relevant conditions and events in its footnotes. These amendments should reduce diversity in the timing and content of footnote disclosures. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of this standard on its Consolidated Financial Statements. | |
| In June 2014, the FASB issued authoritative guidance on accounting for Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (“ASU 2014-12”). The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The performance target should not be reflected in estimating the grant date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The amendments in this Update are effective for annual periods and interim periods beginning after December 15, 2015. Earlier adoption is permitted. The Company is currently evaluating the impact of this standard on its Consolidated Financial Statements. | |
| In May 2014, FASB issued authoritative guidance on accounting for Revenue from Contracts with Customers (Topic 606): (“ASU 2014-09”). This update supersedes most of the current revenue recognition requirements. The core principle of the new guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. New disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers are also required. This guidance is effective for fiscal years and interim periods beginning after December 15, 2016 and early application is not permitted. Entities must adopt the new guidance using one of two retrospective application methods. The Company is currently evaluating the standard to determine the impact of its adoption on the Consolidated Financial Statements. | |
| In April 2014, the FASB issued authoritative guidance on accounting for Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). The amendments in this Update changes the criteria for determining which disposals can be presented as discontinued operations and modifies the related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. The revised guidance is effective for annual fiscal periods beginning after December 15, 2014. Early adoption is permitted. The Company is evaluating the impact the revised guidance will have on its Consolidated Financial Statements. | |
| No new accounting pronouncements issued and effective during 2014 had or are expected to have a material impact on the Company’s consolidated financial statements. | |
Leasing_Activity
| Leasing Activity | 9 Months Ended | ||||||||||
| Sep. 30, 2014 | |||||||||||
| Leasing Activity | ' | ||||||||||
| Leasing Activity | ' | ||||||||||
| 2. Leasing Activity | |||||||||||
| Equipment Leasing Revenue | |||||||||||
| The Company has non-cancelable operating leases for certain of its equipment, which includes term leases and chassis pool minimum subscription arrangements. At September 30, 2014, future minimum lease revenue under these agreements is estimated as follows: | |||||||||||
| 2014 | $ | 26,876 | |||||||||
| 2015 | 75,067 | ||||||||||
| 2016 | 44,421 | ||||||||||
| 2017 | 30,966 | ||||||||||
| 2018 | 3,230 | ||||||||||
| Thereafter | 2,467 | ||||||||||
| $ | 183,027 | ||||||||||
| Finance Revenue | |||||||||||
| At September 30, 2014, receivables under direct finance leases are collectible through 2022 as follows: | |||||||||||
| Total Lease | Unearned | Net Lease | |||||||||
| Receivables | Lease Income | Receivables | |||||||||
| 2014 | $ | 2,410 | $ | 468 | $ | 1,942 | |||||
| 2015 | 4,828 | 1,512 | 3,316 | ||||||||
| 2016 | 3,921 | 1,155 | 2,766 | ||||||||
| 2017 | 10,385 | 420 | 9,965 | ||||||||
| 2018 | 107 | 23 | 84 | ||||||||
| Thereafter | 71 | 51 | 20 | ||||||||
| $ | 21,722 | $ | 3,629 | $ | 18,093 | ||||||
| As of December 31, 2013, the Company had total lease receivables, unearned lease income and net lease receivables of $31,655, $6,629 and $25,026, respectively. As of September 30, 2014 and December 31, 2013, the Company had guaranteed and unguaranteed residual values for leasing equipment on direct finance leases of $9,728 and $11,923, respectively. The unguaranteed residual values are reflected in “Total Lease Receivables” above. | |||||||||||
| Historically, the Company has not experienced losses related to direct finance leases and does not project future uncollectible amounts related to the principal balances receivable. If customers were to default, the Company would seek to recover the equipment securing the lease, often at fair market values in excess of the remaining receivable, and present certain claims to its insurers of default losses. | |||||||||||
Leasing_Equipment
| Leasing Equipment | 9 Months Ended | |||||||
| Sep. 30, 2014 | ||||||||
| Leasing Equipment | ' | |||||||
| Leasing Equipment | ' | |||||||
| 3. Leasing Equipment | ||||||||
| The following is a summary of leasing equipment recorded on the Consolidated Balance Sheets: | ||||||||
| September 30, | December 31, | |||||||
| 2014 | 2013 | |||||||
| Total leasing equipment | $ | 1,813,533 | $ | 1,759,517 | ||||
| Less accumulated depreciation | (386,515 | ) | (365,429 | ) | ||||
| Leasing equipment, net of accumulated depreciation | $ | 1,427,018 | $ | 1,394,088 | ||||
| In conjunction with the analysis of the Company’s fleet in the second quarter, discussed below, management performed a review of the estimated useful life of its domestic chassis, currently at 17.5 years, versus marine chassis at 22.5 years. Such analysis involved inspections of a sampling of 53’ chassis located across the United States for the purpose of evaluating their physical condition to assess future operating potential, allowing for normal maintenance and repair over the extended life. Based on such review, management believes extending the useful life of its domestic chassis fleet to 20 years is appropriate and better reflects its expected service life. Accordingly, this change in accounting estimate took effect as of April 1, 2014 and had the effect of reducing depreciation expense and increasing pre-tax income for the three and nine months ended September 30, 2014 by approximately $1,300 and $2,631, respectively. The Company estimates that depreciation expense will decrease and pre-tax income increase by approximately $1,300 for the three months ended December 31, 2014 and $5,200 on an annual basis thereafter. | ||||||||
| Leasing equipment includes assets recorded under capital leases of $225,597 and $253,639 with accumulated depreciation of $60,841 and $59,424 at September 30, 2014 and December 31, 2013, respectively. | ||||||||
| During the nine months ended September 30, 2014, the Company purchased a total of 17,319 units from shipping line customers for $99,453 and sold a total of 1,139 units to two transportation companies for $6,481. | ||||||||
| Impairment of Leasing Equipment | ||||||||
| Impairment of leasing equipment amounted to $932 and $3,249 for the three and nine months ended September 30, 2014, respectively. This compares to $1,065 and $3,629 for the three and nine months ended September 30, 2013, respectively. The decrease in the nine months ended September 30, 2014 is due to a lesser number of end of life chassis impaired in the first nine months of 2014 as compared to the first nine months of 2013 partially offset by an increase in write downs associated with axle sets determined to be unsuitable for the remanufacturing program. The above impairment charges are recorded in Impairment of leasing equipment in the Consolidated Statements of Operations. | ||||||||
| Early Retirement of Leasing Equipment | ||||||||
| During the second quarter of 2014, management recommended the retirement of identified excess and other non-standard chassis residing at depots and chassis pools, in addition to certain axle sets residing at depots. Management’s action was largely influenced by the consummation of the last of several shipping line deals or conversions to the “motor carrier” model during the quarter, whereby chassis owned or leased by the shipping line are sold or returned to the Company to be managed in its marine chassis pools. Having bid on and being awarded such deals has profound implications on the Company’s fleet size, utilization model, and customer base. | ||||||||
| Chassis Retirements | ||||||||
| As a result of the continuing shift in the Company’s business model and the significant impact of consummating deals during the second quarter of 2014, management developed a multi-year fleet requirements projection for its Marine Market segment which considered relevant factors such as market growth, the current performance of the marine chassis pools and utilization under pool versus term arrangements among other factors. Based on such analysis, the Company determined it had an excess amount of chassis in its Marine Market segment, specifically 20’ chassis and to a lesser degree 40’ chassis. Other non-standard type chassis were similarly considered for retirement given the significant influx of assets associated with the shipping line chassis purchases. Total charges incurred during the second quarter associated with retiring approximately 11,000 identified chassis amounted to $14,766. | ||||||||
| Axle Retirements | ||||||||
| Retiring approximately 11,000 chassis will produce an almost equivalent number of axle sets available for the future remanufacturing of chassis. Accordingly, management performed a similar review of the types and quality of axle sets residing at depots and identified certain types, such as German and Square axles, which are deemed to be less cost effective to remanufacture or repair due to the difficulty of obtaining spare parts. Accordingly, approximately 9,000 axle sets have been written-off in the second quarter amounting to $23,000. Axles are not assigned to the Company’s reportable segments. The value of idle chassis and axle sets are included in Leasing equipment in the Other category in the Company’s segment disclosure. | ||||||||
| The total of the above retirement charges of $37,766 is recorded in Early retirement of leasing equipment in the Consolidated Statements of Operations. | ||||||||
Borrowings
| Borrowings | 9 Months Ended | |||||||
| Sep. 30, 2014 | ||||||||
| Borrowings | ' | |||||||
| Borrowings | ' | |||||||
| 4. Borrowings | ||||||||
| The following is a summary of the Company’s borrowings: | ||||||||
| September 30, | December 31, | |||||||
| 2014 | 2013 | |||||||
| Senior Secured 11% Notes | $ | 300,000 | $ | 300,000 | ||||
| ABL Facility | 754,000 | 713,000 | ||||||
| Loans Payable CIMC | 17,542 | 19,278 | ||||||
| Capital lease obligations | 110,284 | 131,859 | ||||||
| Total debt | 1,181,826 | 1,164,137 | ||||||
| Less current maturities | (35,644 | ) | (34,029 | ) | ||||
| Long-term debt, less current maturities | $ | 1,146,182 | $ | 1,130,108 | ||||
| The Company’s debt consisted of notes, loans and capital lease obligations payable in varying amounts through 2021, with a weighted-average interest rate of 6.11% for the year ended December 31, 2013. For the nine months ended September 30, 2014 and 2013, the weighted-average interest rate was 5.81% and 6.19%, respectively. This decrease was due to an amendment of the Asset Based Lending Facility (the “ABL Facility”) in April 2014 whereby the interest rate was decreased to LIBOR plus 2.25% from LIBOR plus 2.75%. The weighted-average interest rates disclosed are calculated as “all-in” rates which include cash interest expense and amortization of agents’ fees and deferred financing fees. | ||||||||
| In early March, 2014, the Company exercised purchase options from maturing capital leases for an aggregate price of $7,039. | ||||||||
| On April 15, 2014, the Company entered into an agreement with its lenders to amend the ABL Facility. The interest rate on the ABL Facility was decreased to LIBOR plus 2.25% from LIBOR plus 2.75%. Additionally, the borrowing capacity under the ABL Facility was increased by $80,000 bringing the total commitment by lenders to $1,030,000. Fees paid in connection with the increase were $1,880 and are being amortized over the remaining life of the loan. A Current Report on Form 8-K was filed with the SEC on April 18, 2014 in connection with the amendment. | ||||||||
Derivatives_and_Hedging_Activi
| Derivatives and Hedging Activities | 9 Months Ended | |||||||||||||||||||||||||||||||||
| Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||
| Derivatives and Hedging Activities | ' | |||||||||||||||||||||||||||||||||
| Derivatives and Hedging Activities | ' | |||||||||||||||||||||||||||||||||
| 5. Derivatives and Hedging Activities | ||||||||||||||||||||||||||||||||||
| In the normal course of business, the Company utilizes interest rate derivatives to manage its exposure to interest rate risks. Through the utilization of interest rate derivatives, the Company receives floating rate payments in exchange for fixed rate payments, effectively converting its floating rate debt to a fixed rate. If certain conditions are met, an interest rate derivative may be specifically designated as a cash flow hedge. The Company’s interest rate derivative qualifies and has been designated as a cash flow hedge. For the effective portion of the derivative gain or loss, changes in fair value are recorded in Accumulated other comprehensive loss and subsequently reclassified into earnings when the interest payments on the debt are recorded in earnings. The ineffective portion of the derivative gain or loss is recorded in Interest expense in the Consolidated Statements of Operations. | ||||||||||||||||||||||||||||||||||
| On January 10, 2013, the Company entered into an interest rate swap transaction with Deutsche Bank AG effectively converting $300,000 of variable rate debt based upon LIBOR into a fixed rate instrument. The Company receives one month LIBOR with interest payable at a rate of 0.756% on the notional amount. At September 30, 2014, one month LIBOR was 0.157%. The agreement terminates on August 9, 2017, in line with the termination date of the ABL Facility. | ||||||||||||||||||||||||||||||||||
| The Company’s interest rate derivative involves counterparty credit risk. As of September 30, 2014, the Company does not anticipate its counterparty will fail to meet their obligation. As of September 30, 2014, there are no credit risk related contingent features in the Company’s derivative agreement. For additional disclosures related to derivative instruments, see Notes 8 and 12 to the consolidated financial statements. | ||||||||||||||||||||||||||||||||||
| The Company held the following interest rate derivative as of September 30, 2014: | ||||||||||||||||||||||||||||||||||
| Notional | Effective | Maturity | Floating | Fixed Leg | Fair | |||||||||||||||||||||||||||||
| Hedged Item | Amount | Date | Date | Rate | Interest Rate | Value Gain(a) | ||||||||||||||||||||||||||||
| ABL Facility | $ | 300,000 | Jan-13 | Aug-17 | 1M LIBOR | 0.756 | % | $ | 3,136 | |||||||||||||||||||||||||
| (a) | This interest rate derivative is recorded in Other Assets in the Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||
| At the dates indicated, the Company had in place total interest rate derivatives to fix floating interest rates on a portion of the borrowings under its debt facilities as summarized below: | ||||||||||||||||||||||||||||||||||
| Total Current | Weighted-Average | Weighted-Average | ||||||||||||||||||||||||||||||||
| Notional | Fixed Leg | Remaining Term | ||||||||||||||||||||||||||||||||
| Amount | Interest Rate | |||||||||||||||||||||||||||||||||
| September 30, 2014 | $ | 300,000 | 0.756 | % | 2.78 years | |||||||||||||||||||||||||||||
| December 31, 2013 | $ | 300,000 | 0.756 | % | 3.53 years | |||||||||||||||||||||||||||||
| The following table sets forth the net of tax effect of the Company’s cash flow hedge derivative instruments on the consolidated financial statements for the periods indicated: | ||||||||||||||||||||||||||||||||||
| Effective Portion | Ineffective Portion | |||||||||||||||||||||||||||||||||
| Derivative | Change in | Classification | Loss | Classification | (Gain) Loss | |||||||||||||||||||||||||||||
| Instruments | Unrealized | of Loss | Reclassified | of Loss | Recognized | |||||||||||||||||||||||||||||
| Loss | Reclassified | from OCI | Recognized | Directly in | ||||||||||||||||||||||||||||||
| Recognized in | from OCI | into Income | Directly in | Income on | ||||||||||||||||||||||||||||||
| OCI on | into Income | (b) | Income on | Derivative | ||||||||||||||||||||||||||||||
| Derivatives (a) | Derivative | (c) | ||||||||||||||||||||||||||||||||
| Three Months ended September 30, 2014 | Interest rate derivatives | $ | 591 | Interest expense | $ | 2,749 | Interest expense | $ | (22 | ) | ||||||||||||||||||||||||
| Nine Months ended September 30, 2014 | Interest rate derivatives | $ | (1,037 | ) | Interest expense | $ | 8,751 | Interest expense | $ | (63 | ) | |||||||||||||||||||||||
| Three Months ended September 30, 2013 | Interest rate derivatives | $ | (1,373 | ) | Interest expense | $ | 3,255 | Interest expense | $ | (20 | ) | |||||||||||||||||||||||
| Nine Months ended September 30, 2013 | Interest rate derivatives | $ | 989 | Interest expense | $ | 9,891 | Interest expense | $ | (60 | ) | ||||||||||||||||||||||||
| (a) | This represents the change in the fair market value of the Company’s interest rate derivatives, net of tax, offset by the amount of actual cash paid related to the net settlements of the interest rate derivatives, net of tax. | |||||||||||||||||||||||||||||||||
| (b) | This represents the amount of actual cash paid, net of tax, related to the net settlements of the interest rate derivatives plus any effective amortization of deferred losses on the Company’s terminated derivative, net of tax. | |||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||||
| Net settlements of interest rate derivative, net of tax of ($182), ($168), ($540) and ($435), respectively | $ | 280 | $ | 260 | $ | 830 | $ | 673 | ||||||||||||||||||||||||||
| Amortization of terminated derivatives, net of tax of ($1,604), ($1,937), ($5,147) and ($5,962), respectively | 2,469 | 2,995 | 7,921 | 9,218 | ||||||||||||||||||||||||||||||
| $ | 2,749 | $ | 3,255 | $ | 8,751 | $ | 9,891 | |||||||||||||||||||||||||||
| (c)Amount impacting income not related to OCI reclassification | ||||||||||||||||||||||||||||||||||
| The following table summarizes the deferred (gains) and losses for the terminated interest rate derivatives and the related amortization into interest expense for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||||||||||||||||||||
| Original | Effective | Maturity | Fixed | Termination | Deferred | Un- | Amount of | Amount of | Amount | |||||||||||||||||||||||||
| Maximum | De-designation | Loss | amortized | Deferred (Gain)Loss | Deferred (Gain)Loss | of Deferred | ||||||||||||||||||||||||||||
| Notional | Upon | Deferred | Amortized | Amortized | (Gain) Loss | |||||||||||||||||||||||||||||
| (Gain) or | (including | (including | Expected | |||||||||||||||||||||||||||||||
| Loss at | Accelerated | Accelerated | to be | |||||||||||||||||||||||||||||||
| Sept 30, | Amortization) | Amortization) | Amortized | |||||||||||||||||||||||||||||||
| Into Interest | Into Interest | Over | ||||||||||||||||||||||||||||||||
| Expense for the | Expense for the | the Next | ||||||||||||||||||||||||||||||||
| Three Months | Nine Months | Twelve | ||||||||||||||||||||||||||||||||
| Ended Sept 30, | Ended Sept 30, | |||||||||||||||||||||||||||||||||
| Item | Amount | Date | Date | Rate % | Date | Termination | 2014 | 2014 | 2013 | 2014 | 2013 | Months | ||||||||||||||||||||||
| (a) | $ | 60,852 | Jul-07 | Oct-17 | 5.299 | % | Dec-07 | $ | 1,853 | $ | (7 | ) | $ | 2 | $ | 6 | $ | 9 | $ | 27 | $ | — | ||||||||||||
| (a) | 200,000 | Jul-07 | Jul-17 | 5.307 | % | Dec-07 | 6,412 | (18 | ) | 9 | 31 | 40 | 116 | 3 | ||||||||||||||||||||
| (a) | 163,333 | Jul-07 | Jul-14 | 5.58 | % | Dec-07 | 3,773 | — | 26 | 103 | 200 | 317 | — | |||||||||||||||||||||
| (b) | 150,000 | Jul-08 | Oct-14 | 5.512 | % | Jul-08 | 1,711 | 4 | 13 | 16 | 40 | 49 | 4 | |||||||||||||||||||||
| (b) | 150,000 | Oct-07 | Oct-14 | 5.512 | % | Jul-08 | 3,498 | 12 | 39 | 61 | 127 | 183 | 12 | |||||||||||||||||||||
| (b) | 480,088 | Oct-14 | Oct-17 | 5.436 | % | Jul-08 | 1,711 | 1,711 | — | — | — | — | 653 | |||||||||||||||||||||
| (b) | 480,088 | Oct-14 | Oct-17 | 5.436 | % | Jul-08 | 1,526 | 1,526 | — | — | — | — | 676 | |||||||||||||||||||||
| (a) | 163,333 | Nov-07 | Jul-14 | 4.605 | % | Jul-08 | 2,082 | — | (30 | ) | (27 | ) | (166 | ) | (41 | ) | — | |||||||||||||||||
| (b) | 332,525 | Oct-07 | Oct-14 | 4.743 | % | Jul-08 | 7,641 | (36 | ) | (78 | ) | 18 | (131 | ) | 103 | (36 | ) | |||||||||||||||||
| (a) | 58,238 | Nov-07 | Oct-17 | 4.305 | % | Jul-08 | 862 | (118 | ) | (16 | ) | (14 | ) | (46 | ) | (42 | ) | (59 | ) | |||||||||||||||
| (a) | 193,333 | Nov-07 | Jul-17 | 4.365 | % | Jul-08 | 3,265 | (402 | ) | (63 | ) | (55 | ) | (185 | ) | (150 | ) | (224 | ) | |||||||||||||||
| (c) | 37,000 | Sep-07 | Jul-14 | 5.526 | % | Mar-11 | 3,122 | — | 44 | 190 | 335 | 640 | — | |||||||||||||||||||||
| (d) | 53,286 | Jul-08 | Oct-17 | 3.989 | % | Aug-12 | 2,048 | 637 | 112 | 159 | 367 | 531 | 362 | |||||||||||||||||||||
| (d) | 181,667 | Jul-08 | Jul-17 | 4.033 | % | Aug-12 | 8,538 | 2,448 | 507 | 711 | 1,674 | 2,278 | 1,530 | |||||||||||||||||||||
| (d) | 43,333 | Jul-08 | Jul-14 | 4.328 | % | Aug-12 | 11,033 | — | 499 | 1,390 | 3,437 | 4,041 | — | |||||||||||||||||||||
| (d) | 211,567 | Jul-08 | Oct-14 | 4.147 | % | Aug-12 | 17,002 | 970 | 2,417 | 1,779 | 5,608 | 5,473 | 970 | |||||||||||||||||||||
| (d) | 150,000 | Jul-08 | Oct-14 | 4 | % | Aug-12 | 5,080 | 201 | 592 | 564 | 1,759 | 1,655 | 201 | |||||||||||||||||||||
| (d) | 427,407 | Oct-14 | Oct-17 | 5.174 | % | Aug-12 | 46,372 | 46,372 | — | — | — | — | 16,638 | |||||||||||||||||||||
| Total | $ | 127,529 | $ | 53,300 | $ | 4,073 | $ | 4,932 | $ | 13,068 | $ | 15,180 | $ | 20,730 | ||||||||||||||||||||
| (a) | This hedged item is referred to as Chassis Funding II Floating Rate Asset-Backed Notes, Series 2007-1 | |||||||||||||||||||||||||||||||||
| (b) | This hedged item is referred to as Chassis Funding Floating Rate Asset-Backed Notes, Series 2007-1 | |||||||||||||||||||||||||||||||||
| (c) | This hedged item is referred to as Chassis Financing Program, Term Loan Agreement—Portfolio C | |||||||||||||||||||||||||||||||||
| (d) | This hedged item is referred to as Chassis Financing Program, Portfolio A | |||||||||||||||||||||||||||||||||
| The amount of loss expected to be reclassified from AOCI into interest expense over the next 12 months consists of net interest settlements on active interest rate derivatives in the amount of $941 (which is net of tax of $611) and amortization of deferred losses on the Company’s terminated derivatives of $12,564 (which is net of tax of $8,166). | ||||||||||||||||||||||||||||||||||
Commitments_and_Contingencies
| Commitments and Contingencies | 9 Months Ended |
| Sep. 30, 2014 | |
| Commitments and Contingencies | ' |
| Commitments and Contingencies | ' |
| 6. Commitments and Contingencies | |
| Purchase Commitments | |
| At September 30, 2014, commitments for capital expenditures for leasing equipment totaled approximately $29,567, of which $23,026 was committed for 2014 and $6,541 was committed for 2015. | |
| Lease Commitments | |
| Lease of 750 College Road East | |
| On August 1, 2014, the Company entered into a lease of 82,283 square feet of office space for an initial term of 10 years and 9 months in an office building located at 750 College Road East, Princeton, New Jersey. The lease contains two five year renewal options and contains typical terms for agreements of such duration and size. The Company expects to move into the new office space during the first quarter of 2015. Entering into the lease will allow the Company to consolidate its headquarters from two locations into one. Additionally on August 1, 2014, the Company agreed to sell the building that currently serves as its corporate headquarters at 211 College Road East, Princeton, New Jersey, for $2,300. The Company reduced the carrying value of its headquarters to reflect the net realizable value of the pending sale. This resulted in recognition of additional depreciation expense of $1,356 during the three and nine months ended September 30, 2014. | |
| The Company is eligible for various incentives in connection with this lease, including the award of a “Grow NJ Tax Credit” from the New Jersey Economic Development Authority for up to $9,800 in tax credits over a 10 year period, and subject to, among other things, meeting certain minimum capital spending requirements and retaining and adding new jobs in New Jersey. | |
| The Company is party to various operating leases relating to office facilities and certain other equipment with various expiration dates through 2025. All leasing arrangements contain normal leasing terms without unusual purchase options or escalation clauses. As of September 30, 2014, the aggregate minimum rental commitment under operating leases having initial or remaining non-cancelable lease terms in excess of one year was $37,434. | |
Income_Taxes
| Income Taxes | 9 Months Ended |
| Sep. 30, 2014 | |
| Income Taxes | ' |
| Income Taxes | ' |
| 7. Income Taxes | |
| The consolidated income tax benefit for the three and nine months ended September, 30, 2014 and 2013 was determined based upon estimates of the Company’s consolidated effective income tax rates for the years ended December 31, 2014 and 2013, respectively. For the three months ended September 30, 2014, the Company recorded a tax provision of $896, reflecting a 12.7% effective tax rate. This compares to a tax benefit of $1,273, reflecting a 16.8% effective tax rate for the three months ended September 30, 2013. For the nine months ended September 30, 2014, the Company recorded a tax benefit of $7,290, reflecting a 41.9% effective tax rate. This compares to a tax benefit of $2,409, reflecting a 23.2% effective tax rate for the nine months ended September 30, 2013. The Company’s effective tax rate differs from the U.S. federal tax rate of 35% primarily due to Canadian and Mexican tax provisions. | |
| The Company reports income tax provisions (or benefits) pertaining to significant unusual or extraordinary items as discrete events (i.e., not included in the forecasted annual effective tax rate used to provide for interim taxes). With regard to the Company’s $37,766 charge recorded during the second quarter of 2014 for the early retirement of leasing equipment, the Company determined it was not highly abnormal or historically unrelated to its ordinary activities. Thus, the Company did not treat the early retirement of leasing equipment as a discrete item in deriving the income tax benefit for the period ended September 30, 2014. | |
Accumulated_Other_Comprehensiv
| Accumulated Other Comprehensive Loss | 9 Months Ended | |||||||||||||
| Sep. 30, 2014 | ||||||||||||||
| Accumulated Other Comprehensive Loss | ' | |||||||||||||
| Accumulated Other Comprehensive Loss | ' | |||||||||||||
| 8. Accumulated Other Comprehensive Loss | ||||||||||||||
| Accumulated Other Comprehensive Loss (“AOCI”) includes the changes in the fair value of derivative instruments, reclassification into earnings of amounts previously deferred relating to derivative instruments and foreign currency translation gains and losses primarily relating to the Company’s Canadian operation. | ||||||||||||||
| For the nine months ended September 30, 2014, the components of AOCI, net of tax, are as follows: | ||||||||||||||
| Unrealized | Net | Foreign | Total | |||||||||||
| Gain (Loss) | Derivative | Currency | Accumulated | |||||||||||
| on | Loss to be | Translation | Other | |||||||||||
| Derivative | Reclassified | Comprehensive | ||||||||||||
| Instruments | into | Loss | ||||||||||||
| Earnings | ||||||||||||||
| Balance, December 31, 2013 | $ | 2,020 | $ | (40,226 | ) | $ | (142 | ) | $ | (38,348 | ) | |||
| Current-period other comprehensive (loss) income | (207 | ) | 7,921 | (273 | ) | 7,441 | ||||||||
| Balance, September 30, 2014 | $ | 1,813 | $ | (32,305 | ) | $ | (415 | ) | $ | (30,907 | ) | |||
| The following table presents the effects of reclassifications out of AOCI and into the Consolidated Statements of Operations for the periods indicated: | ||||||||||||||
| Income Statement Line Item | Three Months | Nine Months | ||||||||||||
| Ended | Ended | |||||||||||||
| September 30, | September 30, | |||||||||||||
| 2014 | 2014 | |||||||||||||
| Total loss in AOCI reclassifications for previously unrealized net losses on terminated derivatives | Interest Expense | $ | 4,073 | $ | 13,068 | |||||||||
| Related income tax benefit | Benefit for income taxes | (1,604 | ) | (5,147 | ) | |||||||||
| Net loss reclassified out of AOCI | $ | 2,469 | $ | 7,921 | ||||||||||
| Income Statement Line Item | Three Months | Nine Months | ||||||||||||
| Ended | Ended | |||||||||||||
| September 30, | September 30, | |||||||||||||
| 2013 | 2013 | |||||||||||||
| Total loss in AOCI reclassifications for previously unrealized net losses on terminated derivatives | Interest Expense | $ | 4,932 | $ | 15,180 | |||||||||
| Related income tax benefit | Benefit for income taxes | (1,937 | ) | (5,962 | ) | |||||||||
| Net loss reclassified out of AOCI | $ | 2,995 | $ | 9,218 | ||||||||||
ShareBased_Payments
| Share-Based Payments | 9 Months Ended | |||||||||
| Sep. 30, 2014 | ||||||||||
| Share-Based Payments | ' | |||||||||
| Share-Based Payments | ' | |||||||||
| 9. Share-Based Payments | ||||||||||
| A summary of the restricted shares of SCT Chassis, Inc. under the Company’s share-based compensation plan is as follows. All amounts are in thousands except share and per share amounts. | ||||||||||
| Non-vested Shares | Shares | Weighted- | Fair Value | |||||||
| Average | of Shares | |||||||||
| Grant Date | at Grant | |||||||||
| Fair Value | Date | |||||||||
| per share | ||||||||||
| Non-vested at January 1, 2014 | 352,443 | $ | 6.61 | $ | 2,328 | |||||
| Granted | — | — | — | |||||||
| Forfeited | (10,000 | ) | 6.17 | (62 | ) | |||||
| Vested | (152,226 | ) | 6.54 | (996 | ) | |||||
| Non-vested at September 30, 2014 | 190,217 | $ | 6.68 | $ | 1,270 | |||||
| The Company recorded share-based compensation expense for the three and nine months ended September 30, 2014 of $218 and $654, respectively. This compares to compensation expense of $340 and $873, respectively, for the three and nine months ended September 30, 2013. Compensation expense is recorded as a component of Selling, general and administrative expense in the Company’s Consolidated Statements of Operations and is recognized on a straight-line basis with the compensation expense recognized as of any date being at least equal to the portion of the grant-date fair value that is vested at that date. Total unrecognized compensation expense was approximately $651 at September 30, 2014, which is expected to be recognized over the remaining weighted-average vesting period of 1.0 year. | ||||||||||
| The Management Shareholder Agreements also provide for additional grants of 1,176,954 restricted shares upon the achievement of certain performance conditions or a certain market condition following a liquidity event. No compensation expense has been recorded related to these shares since achievement of these conditions is not considered probable. | ||||||||||
| Share Repurchases | ||||||||||
| During the nine months ended September 30, 2014, Interpool purchased 69,876 shares of SCT Chassis, Inc. common stock from employees to meet their minimum statutory withholding requirement upon share vesting and to repurchase shares from an employee upon termination. The cost of these shares was $630 and is included in Member’s interest on the Consolidated Balance Sheets. | ||||||||||
Segment_and_Geographic_Informa
| Segment and Geographic Information | 9 Months Ended | |||||||||||||
| Sep. 30, 2014 | ||||||||||||||
| Segment and Geographic Information | ' | |||||||||||||
| Segment and Geographic Information | ' | |||||||||||||
| 10. Segment and Geographic Information | ||||||||||||||
| The Company’s principal business operations consist of the leasing of international and domestic chassis. The Company provides such services to its customers through two operating and reportable segments, the Marine Market segment and the Domestic Market segment. The reportable segments are based on the chassis markets that are served by the Company. | ||||||||||||||
| The Company evaluates segment performance and allocates resources to them primarily based upon Adjusted EBITDA. The Company defines Adjusted EBITDA as income (loss) before income taxes, interest expense, depreciation and amortization expense, impairment of assets and leasing equipment, early retirement of leasing equipment, loss on modification and extinguishment of debt and capital lease obligations, other expense (income), interest income, remanufacturing expenses, non-cash share-based compensation and principal collections on direct finance leases. Adjusted EBITDA is not a measure recognized under U.S. GAAP and does not have a standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Adjusted EBITDA helps management identify controllable expenses and make decisions designed to help the Company meet its current financial goals and optimize its financial performance. Accordingly, the Company believes this metric measures its financial performance based on operational factors that management can impact in the short-term, namely the cost structure and expenses of the organization. | ||||||||||||||
| The following tables show segment information for the three months ended September 30, 2014 and 2013. | ||||||||||||||
| Three Months ended September 30, 2014 | Marine | Domestic | Other | Total | ||||||||||
| Market | Market | |||||||||||||
| segment | segment | |||||||||||||
| Term revenue | $ | 9,896 | $ | 4,075 | $ | — | $ | 13,971 | ||||||
| Pool revenue | 106,151 | 38,722 | — | 144,873 | ||||||||||
| All other revenue | 4,115 | 2,015 | 2,123 | 8,253 | ||||||||||
| Total revenue | $ | 120,162 | $ | 44,812 | $ | 2,123 | $ | 167,097 | ||||||
| Adjusted EBITDA | 32,806 | 23,581 | (7,102 | ) | 49,285 | |||||||||
| Depreciation expense | 9,863 | 6,289 | 2,790 | 18,942 | ||||||||||
| Net investment in direct finance leases | 17,969 | 124 | — | 18,093 | ||||||||||
| Leasing equipment | 791,873 | 474,498 | 160,647 | 1,427,018 | ||||||||||
| Capital expenditures for long-lived assets | 11,235 | 6,919 | 1,139 | 19,293 | ||||||||||
| Three Months ended September 30, 2013 | Marine | Domestic | Other | Total | ||||||||||
| Market | Market | |||||||||||||
| segment | segment | |||||||||||||
| Term revenue | $ | 10,332 | $ | 4,515 | $ | — | $ | 14,847 | ||||||
| Pool revenue | 76,451 | 34,190 | — | 110,641 | ||||||||||
| All other revenue | 5,370 | 1,620 | 1,766 | 8,756 | ||||||||||
| Total revenue | $ | 92,153 | $ | 40,325 | $ | 1,766 | $ | 134,244 | ||||||
| Adjusted EBITDA | 21,430 | 19,257 | (4,306 | ) | 36,381 | |||||||||
| Depreciation expense | 8,685 | 7,712 | 1,764 | 18,161 | ||||||||||
| Net investment in direct finance leases | 26,741 | 174 | — | 26,915 | ||||||||||
| Leasing equipment | 750,401 | 481,930 | 176,725 | 1,409,056 | ||||||||||
| Capital expenditures for long-lived assets | 33,472 | 9,312 | 1,277 | 44,061 | ||||||||||
| The following tables show segment information for the nine months ended September 30, 2014 and 2013: | ||||||||||||||
| Nine Months ended September 30, 2014 | Marine | Domestic | Other | Total | ||||||||||
| Market | Market | |||||||||||||
| segment | segment | |||||||||||||
| Term revenue | $ | 29,416 | $ | 13,247 | $ | — | $ | 42,663 | ||||||
| Pool revenue | 275,990 | 111,274 | — | 387,264 | ||||||||||
| All other revenue | 17,872 | 7,112 | 4,264 | 29,248 | ||||||||||
| Total revenue | $ | 323,278 | $ | 131,633 | $ | 4,264 | $ | 459,175 | ||||||
| Adjusted EBITDA | 93,869 | 72,549 | (20,306 | ) | 146,112 | |||||||||
| Depreciation expense | 28,139 | 20,215 | 5,865 | 54,219 | ||||||||||
| Net investment in direct finance leases | 17,969 | 124 | — | 18,093 | ||||||||||
| Leasing equipment | 791,873 | 474,498 | 160,647 | 1,427,018 | ||||||||||
| Capital expenditures for long-lived assets | 105,173 | 8,868 | 2,163 | 116,204 | ||||||||||
| Nine Months ended September 30, 2013 | Marine | Domestic | Other | Total | ||||||||||
| Market | Market | |||||||||||||
| segment | segment | |||||||||||||
| Term revenue | $ | 36,562 | $ | 13,654 | $ | — | $ | 50,216 | ||||||
| Pool revenue | 196,546 | 98,240 | — | 294,786 | ||||||||||
| All other revenue | 21,168 | 4,773 | 8,232 | 34,173 | ||||||||||
| Total revenue | $ | 254,276 | $ | 116,667 | $ | 8,232 | $ | 379,175 | ||||||
| Adjusted EBITDA | 70,807 | 56,732 | (8,997 | ) | 118,542 | |||||||||
| Depreciation expense | 25,165 | 22,853 | 5,106 | 53,124 | ||||||||||
| Net investment in direct finance leases | 26,741 | 174 | — | 26,915 | ||||||||||
| Leasing equipment | 750,401 | 481,930 | 176,725 | 1,409,056 | ||||||||||
| Capital expenditures for long-lived assets | 93,901 | 37,610 | 3,615 | 135,126 | ||||||||||
| The following are reconciliations of Adjusted EBITDA to the Company’s net income (loss) for the three months ended September 30, 2014 and 2013. | ||||||||||||||
| Three Months Ended | ||||||||||||||
| September 30, | ||||||||||||||
| 2014 | 2013 | |||||||||||||
| Adjusted EBITDA | $ | 49,285 | $ | 36,381 | ||||||||||
| Principal collections on direct finance leases, net of interest earned | (1,227 | ) | (1,401 | ) | ||||||||||
| Non-cash share-based compensation | (218 | ) | (340 | ) | ||||||||||
| Interest expense | (21,079 | ) | (22,926 | ) | ||||||||||
| Depreciation expense | (18,942 | ) | (18,161 | ) | ||||||||||
| Impairment of leasing equipment | (932 | ) | (1,065 | ) | ||||||||||
| Loss on modification and extinguishment of debt and capital lease obligations | — | (6 | ) | |||||||||||
| Other income (expense), net | 166 | (94 | ) | |||||||||||
| Interest income | 5 | 15 | ||||||||||||
| Income (loss) before provision (benefit) for income taxes | 7,058 | (7,597 | ) | |||||||||||
| Provision (benefit) for income taxes | 896 | (1,273 | ) | |||||||||||
| Net income (loss) | $ | 6,162 | $ | (6,324 | ) | |||||||||
| The following are reconciliations of Adjusted EBITDA to the Company’s net loss for the nine months ended September 30, 2014 and 2013. | ||||||||||||||
| Nine Months Ended | ||||||||||||||
| September 30, | ||||||||||||||
| 2014 | 2013 | |||||||||||||
| Adjusted EBITDA | $ | 146,112 | $ | 118,542 | ||||||||||
| Principal collections on direct finance leases, net of interest earned | (3,586 | ) | (4,262 | ) | ||||||||||
| Non-cash share-based compensation | (654 | ) | (873 | ) | ||||||||||
| Interest expense | (64,670 | ) | (68,336 | ) | ||||||||||
| Depreciation expense | (54,219 | ) | (53,124 | ) | ||||||||||
| Impairment of leasing equipment | (3,249 | ) | (3,629 | ) | ||||||||||
| Early retirement of leasing equipment | (37,766 | ) | — | |||||||||||
| Loss on modification and extinguishment of debt and capital lease obligations | (102 | ) | (901 | ) | ||||||||||
| Other income, net | 683 | 1,896 | ||||||||||||
| Interest income | 52 | 286 | ||||||||||||
| Loss before benefit for income taxes | (17,399 | ) | (10,401 | ) | ||||||||||
| Benefit for income taxes | (7,290 | ) | (2,409 | ) | ||||||||||
| Net loss | $ | (10,109 | ) | $ | (7,992 | ) | ||||||||
| Geographic Information | ||||||||||||||
| Primarily all of the Company’s revenues and long lived assets are attributable to the United States, the Company’s country of domicile. | ||||||||||||||
Related_Party_Transactions
| Related Party Transactions | 9 Months Ended |
| Sep. 30, 2014 | |
| Related Party Transactions | ' |
| Related Party Transactions | ' |
| 11. Related Party Transactions | |
| Management, Facility Fees and Chassis Leasing | |
| The Company incurs charges from Seacastle for facility fees. The Company also charges management fees to a subsidiary of Seacastle for expenses incurred and services performed on its behalf. For the three and nine months ended September 30, 2014 the above activity resulted in income for the Company, on a net basis, of $29 and $78, respectively. This compares to income of $74 and $222 for the three and nine months ended September 30, 2013, respectively. These amounts are included in Selling, general and administrative expenses on the Consolidated Statements of Operations. The Company has a net receivable from affiliates of $757 and $1,823 at September 30, 2014 and December 31, 2013, respectively, which is included in Other assets on the Consolidated Balance Sheets. | |
| The Company also leases chassis to the Florida East Coast Railway (“FEC”) under term lease and pool arrangements. The parent company to the FEC is Florida East Coast Industries, Inc., which is owned by private equity funds managed by affiliates of Fortress. For the three and nine months ended September 30, 2014, the Company recorded chassis leasing revenue from FEC of $431 and $1,208, respectively. This compares to chassis leasing revenue of $239 and $653 for the three and nine months ended September 30, 2013, respectively. These amounts are recorded in Equipment leasing revenue on the Consolidated Statements of Operations. | |
Fair_Value_of_Financial_Instru
| Fair Value of Financial Instruments | 9 Months Ended | |||||||||||||
| Sep. 30, 2014 | ||||||||||||||
| Fair Value of Financial Instruments | ' | |||||||||||||
| Fair Value of Financial Instruments | ' | |||||||||||||
| 12. Fair Value of Financial Instruments | ||||||||||||||
| The following table sets forth the valuation of the Company’s financial assets and liabilities measured at fair value on a recurring basis by the input levels (as defined) at the dates indicated: | ||||||||||||||
| Fair Value | Fair Value Measurement as of | |||||||||||||
| as of | September 30, 2014 using | |||||||||||||
| September 30, | Fair Value Hierarchy | |||||||||||||
| 2014 | Level 1 | Level 2 | Level 3 | |||||||||||
| Assets: | ||||||||||||||
| Cash and cash equivalents | $ | 5,331 | $ | 5,331 | $ | — | $ | — | ||||||
| Derivative instruments | 3,136 | — | 3,136 | — | ||||||||||
| Fair Value | Fair Value Measurement as of | |||||||||||||
| as of | December 31, 2013 using | |||||||||||||
| December 31, | Fair Value Hierarchy | |||||||||||||
| 2013 | Level 1 | Level 2 | Level 3 | |||||||||||
| Assets: | ||||||||||||||
| Cash and cash equivalents | $ | 11,843 | $ | 11,843 | $ | — | $ | — | ||||||
| Derivative instruments | 3,414 | — | 3,414 | — | ||||||||||
| Cash and cash equivalents: Cash and cash equivalents include all cash balances and highly liquid investments having original maturities of three months or less at the time of purchase. These instruments are stated at cost, which approximates market value because of the short-term nature of the instruments. | ||||||||||||||
| Derivative instruments: The Company’s interest rate derivatives were recorded at fair value on the Company’s Consolidated Balance Sheets and consist of United States dollar denominated LIBOR-based interest rate swaps. Their fair values were determined using cash flows discounted at relevant market interest rates in effect at the period close. The fair value generally reflected the estimated amounts that the Company would receive or pay to transfer the contracts at the reporting date and therefore reflected the Company’s or counterparty’s non-performance risk. Additionally, the Company has analyzed each of the redemption features included in the notes to determine whether any of these embedded features should be bifurcated in accordance with the Derivatives and Hedging Topic of the FASB ASC (ASC 815). The Company has concluded that the redemption feature which offers optional redemption by the Company of up to 35% of the aggregate principal amount of the notes at a redemption price of 111% of the aggregate principal amount of the notes using the cash proceeds of an equity offering qualifies as a feature that should be bifurcated under ASC 815. The Company has determined that the resulting measurement of the fair value of this embedded derivative is immaterial to the consolidated financial statements, and will continue to reassess the fair value of this derivative prospectively with any changes recorded in earnings. | ||||||||||||||
| Leasing equipment that is deemed to be impaired is measured at fair value on a non-recurring basis. The fair value is calculated using the income approach based on inputs classified as Level 2 in the fair value hierarchy. | ||||||||||||||
| The Company believes the carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses and other liabilities approximates the fair value of these financial instruments because of their short-term nature. | ||||||||||||||
| Debt: The Company’s debt consists of fixed and floating rate instruments. Variable interest rate debt was $475,051 as of September 30, 2014 and $436,162 as of December 31, 2013. Accordingly, the Company’s variable rate debt approximates market value for similar instruments at the respective dates. The Company had fixed rate debt of $706,775 as of September 30, 2014 and $727,975 as of December 31, 2013. Fair value was calculated based on inputs classified as Level 2 in the fair value hierarchy. | ||||||||||||||
| The carrying amounts and fair values of the Company’s financial instruments are as follows: | ||||||||||||||
| September 30, 2014 | December 31, 2013 | |||||||||||||
| Carrying | Fair Value of | Carrying | Fair Value of | |||||||||||
| Amount of | Asset | Amount of | Asset | |||||||||||
| Asset | (Liability) | Asset | (Liability) | |||||||||||
| (Liability) | (Liability) | |||||||||||||
| Derivative Instrument | $ | 3,136 | $ | 3,136 | $ | 3,414 | $ | 3,414 | ||||||
| Total debt and capital lease obligations | $ | (1,181,826 | ) | $ | (1,211,092 | ) | $ | (1,164,137 | ) | $ | (1,205,298 | ) | ||
Guarantor_Financial_Informatio
| Guarantor Financial Information | 9 Months Ended | ||||||||||||||||
| Sep. 30, 2014 | |||||||||||||||||
| Guarantor Financial Information | ' | ||||||||||||||||
| Guarantor Financial Information | ' | ||||||||||||||||
| 13. Guarantor Financial Information | |||||||||||||||||
| On August 9, 2012, TRAC Intermodal LLC along with TRAC Intermodal Corp., entered into a purchase agreement pursuant to which it sold $300,000 aggregate principal amount of the Senior Secured 11% Notes. Concurrent with the offering of the notes, the Company entered into a registration rights agreement with investors which required the Company to file a registration statement with the SEC to offer exchange notes with terms substantially identical to the Original Notes. The exchange offer to exchange the Original Notes for notes which have been registered under the Securities Act of 1933, as amended (the “Securities Act”), commenced on June 6, 2013, expired on July 5, 2013 and closed on July 10, 2013. Based on information provided by Wells Fargo Bank, N.A., the exchange agent for the exchange offer, as of the expiration date 100% of the Original Notes were validly tendered for exchange. The notes are jointly and severally guaranteed unconditionally on a senior secured basis by all of the Company’s existing and future wholly-owned domestic subsidiaries, with certain exceptions. All guarantor subsidiaries are 100% owned by the Company. | |||||||||||||||||
| TRAC Intermodal LLC | |||||||||||||||||
| Condensed Consolidating Balance Sheet | |||||||||||||||||
| September 30, 2014 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Assets | |||||||||||||||||
| Cash and cash equivalents | $ | — | $ | 3,647 | $ | 1,684 | $ | — | $ | 5,331 | |||||||
| Accounts receivable, net | — | 135,855 | 616 | — | 136,471 | ||||||||||||
| Net investment in direct finance leases | — | 27,371 | — | (9,278 | ) | 18,093 | |||||||||||
| Leasing equipment, net of accumulated depreciation | — | 1,414,079 | 12,939 | — | 1,427,018 | ||||||||||||
| Goodwill | — | 251,907 | — | — | 251,907 | ||||||||||||
| Affiliate and intercompany receivable | — | 757 | — | — | 757 | ||||||||||||
| Intercompany interest receivable | 4,217 | — | — | (4,217 | ) | — | |||||||||||
| Intercompany note receivable | 300,000 | — | — | (300,000 | ) | — | |||||||||||
| Investment in subsidiary | 521,023 | 3,903 | — | (524,926 | ) | — | |||||||||||
| Other assets | — | 41,917 | 321 | — | 42,238 | ||||||||||||
| Total assets | $ | 825,240 | $ | 1,879,436 | $ | 15,560 | $ | (838,421 | ) | $ | 1,881,815 | ||||||
| Liabilities and member’s interest | |||||||||||||||||
| Accounts payable, accrued expenses and other liabilities | $ | 4,217 | $ | 78,207 | $ | 95 | $ | — | $ | 82,519 | |||||||
| Intercompany note payable | — | 300,000 | — | (300,000 | ) | — | |||||||||||
| Intercompany interest payable | — | 4,217 | — | (4,217 | ) | — | |||||||||||
| Intercompany lease payable | — | — | 9,278 | (9,278 | ) | — | |||||||||||
| Deferred income taxes, net | — | 94,163 | 2,284 | — | 96,447 | ||||||||||||
| Debt and capital lease obligations | 300,000 | 881,826 | — | — | 1,181,826 | ||||||||||||
| Total liabilities | 304,217 | 1,358,413 | 11,657 | (313,495 | ) | 1,360,792 | |||||||||||
| Total member’s interest | 521,023 | 521,023 | 3,903 | (524,926 | ) | 521,023 | |||||||||||
| Total liabilities and member’s interest | $ | 825,240 | $ | 1,879,436 | $ | 15,560 | $ | (838,421 | ) | $ | 1,881,815 | ||||||
| TRAC Intermodal LLC | |||||||||||||||||
| Condensed Consolidating Statements of Operations | |||||||||||||||||
| and Comprehensive Income (Loss) | |||||||||||||||||
| For The Three Months Ended September 30, 2014 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Total revenue | $ | — | $ | 166,358 | $ | 807 | $ | (68 | ) | $ | 167,097 | ||||||
| Direct operating expenses | — | 94,376 | 9 | — | 94,385 | ||||||||||||
| Selling, general and administrative expenses | — | 21,145 | 148 | — | 21,293 | ||||||||||||
| Depreciation expense | — | 18,823 | 119 | — | 18,942 | ||||||||||||
| Provision for doubtful accounts | — | 3,579 | — | — | 3,579 | ||||||||||||
| Impairment of leasing equipment | — | 932 | — | — | 932 | ||||||||||||
| Interest expense | 8,250 | 21,078 | 69 | (8,318 | ) | 21,079 | |||||||||||
| Interest income | (8,250 | ) | (5 | ) | — | 8,250 | (5 | ) | |||||||||
| Equity in earnings of subsidiary | (6,162 | ) | (288 | ) | — | 6,450 | — | ||||||||||
| Other income, net | — | (165 | ) | (1 | ) | — | (166 | ) | |||||||||
| Total (income) expense | (6,162 | ) | 159,475 | 344 | 6,382 | 160,039 | |||||||||||
| Income (loss) before provision for income taxes | 6,162 | 6,883 | 463 | (6,450 | ) | 7,058 | |||||||||||
| Provision for income taxes | — | 721 | 175 | — | 896 | ||||||||||||
| Net income (loss) | 6,162 | 6,162 | 288 | (6,450 | ) | 6,162 | |||||||||||
| Unrealized gain on derivative instruments, net of tax of ($567) | — | 871 | — | — | 871 | ||||||||||||
| Derivative loss reclassified into earnings, net of tax of ($1,604) | — | 2,469 | — | — | 2,469 | ||||||||||||
| Foreign currency translation loss, net of tax of $138 | — | (212 | ) | — | — | (212 | ) | ||||||||||
| Total other comprehensive income | — | 3,128 | — | — | 3,128 | ||||||||||||
| Total comprehensive income (loss) | $ | 6,162 | $ | 9,290 | $ | 288 | $ | (6,450 | ) | $ | 9,290 | ||||||
| TRAC Intermodal LLC | |||||||||||||||||
| Condensed Consolidating Statements of Operations | |||||||||||||||||
| and Comprehensive (Loss) Income | |||||||||||||||||
| For The Nine Months Ended September 30, 2014 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Total revenue | $ | — | $ | 456,988 | $ | 2,397 | $ | (210 | ) | $ | 459,175 | ||||||
| Direct operating expenses | — | 244,171 | 30 | — | 244,201 | ||||||||||||
| Selling, general and administrative expenses | — | 62,001 | 405 | — | 62,406 | ||||||||||||
| Depreciation expense | — | 53,765 | 454 | — | 54,219 | ||||||||||||
| Provision for doubtful accounts | — | 10,696 | — | — | 10,696 | ||||||||||||
| Impairment of leasing equipment | — | 3,249 | — | — | 3,249 | ||||||||||||
| Early retirement of leasing equipment | — | 37,766 | — | — | 37,766 | ||||||||||||
| Loss on modification and extinguishment of debt and capital lease obligations | — | 102 | — | — | 102 | ||||||||||||
| Interest expense | 24,750 | 64,668 | 212 | (24,960 | ) | 64,670 | |||||||||||
| Interest income | (24,750 | ) | (52 | ) | — | 24,750 | (52 | ) | |||||||||
| Equity in earnings of subsidiary | 10,109 | (772 | ) | — | (9,337 | ) | — | ||||||||||
| Other income, net | — | (683 | ) | — | — | (683 | ) | ||||||||||
| Total expense (income) | 10,109 | 474,911 | 1,101 | (9,547 | ) | 476,574 | |||||||||||
| (Loss) income before (benefit) provision for income taxes | (10,109 | ) | (17,923 | ) | 1,296 | 9,337 | (17,399 | ) | |||||||||
| (Benefit) provision for income taxes | — | (7,814 | ) | 524 | — | (7,290 | ) | ||||||||||
| Net (loss) income | (10,109 | ) | (10,109 | ) | 772 | 9,337 | (10,109 | ) | |||||||||
| Unrealized loss on derivative instruments, net of tax of $134 | — | (207 | ) | — | — | (207 | ) | ||||||||||
| Derivative loss reclassified into earnings, net of tax of ($5,147) | — | 7,921 | — | — | 7,921 | ||||||||||||
| Foreign currency translation loss, net of tax of $173 | — | (273 | ) | — | — | (273 | ) | ||||||||||
| Total other comprehensive income | — | 7,441 | — | — | 7,441 | ||||||||||||
| Total comprehensive (loss) income | $ | (10,109 | ) | $ | (2,668 | ) | $ | 772 | $ | 9,337 | $ | (2,668 | ) | ||||
| TRAC Intermodal LLC | |||||||||||||||||
| Condensed Consolidating Statements of Cash Flows | |||||||||||||||||
| For The Nine Months Ended September 30, 2014 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Net cash provided by operating activities | $ | — | $ | 81,634 | $ | 1,149 | $ | 1,273 | $ | 84,056 | |||||||
| Investing activities: | |||||||||||||||||
| Proceeds from sale of leasing equipment | — | 7,594 | — | — | 7,594 | ||||||||||||
| Collections on net investment in direct finance leases, net of interest earned | — | 4,859 | — | (1,273 | ) | 3,586 | |||||||||||
| Purchase of leasing equipment | — | (114,041 | ) | — | — | (114,041 | ) | ||||||||||
| Purchase of fixed assets | — | (2,163 | ) | — | — | (2,163 | ) | ||||||||||
| Net cash used in investing activities | — | (103,751 | ) | — | (1,273 | ) | (105,024 | ) | |||||||||
| Financing activities: | |||||||||||||||||
| Proceeds from long-term debt | — | 119,000 | — | — | 119,000 | ||||||||||||
| Repayments of long-term debt | — | (101,529 | ) | — | — | (101,529 | ) | ||||||||||
| Cash paid for debt issuance fees | — | (2,069 | ) | — | — | (2,069 | ) | ||||||||||
| Repurchase of indirect parent shares from employees | — | (630 | ) | — | — | (630 | ) | ||||||||||
| Net cash provided by financing activities | — | 14,772 | — | — | 14,772 | ||||||||||||
| Effect of changes in exchange rates on cash and cash equivalents | — | (316 | ) | — | — | (316 | ) | ||||||||||
| Net (decrease) increase in cash and cash equivalents | — | (7,661 | ) | 1,149 | — | (6,512 | ) | ||||||||||
| Cash and cash equivalents, beginning of period | — | 11,308 | 535 | — | 11,843 | ||||||||||||
| Cash and cash equivalents, end of period | $ | — | $ | 3,647 | $ | 1,684 | $ | — | $ | 5,331 | |||||||
| TRAC Intermodal LLC | |||||||||||||||||
| Condensed Consolidating Balance Sheet | |||||||||||||||||
| December 31, 2013 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Assets | |||||||||||||||||
| Cash and cash equivalents | $ | — | $ | 11,308 | $ | 535 | $ | — | $ | 11,843 | |||||||
| Accounts receivable, net | — | 112,550 | 588 | — | 113,138 | ||||||||||||
| Net investment in direct finance leases | — | 35,237 | — | (10,211 | ) | 25,026 | |||||||||||
| Leasing equipment, net of accumulated depreciation | — | 1,380,685 | 13,403 | — | 1,394,088 | ||||||||||||
| Goodwill | — | 251,907 | — | — | 251,907 | ||||||||||||
| Affiliate and intercompany receivable | — | 1,994 | — | (171 | ) | 1,823 | |||||||||||
| Intercompany interest receivable | 12,467 | — | — | (12,467 | ) | — | |||||||||||
| Intercompany note receivable | 300,000 | — | — | (300,000 | ) | — | |||||||||||
| Investment in subsidiary | 523,658 | 3,130 | — | (526,788 | ) | — | |||||||||||
| Other assets | — | 43,073 | 1,012 | — | 44,085 | ||||||||||||
| Total assets | $ | 836,125 | $ | 1,839,884 | $ | 15,538 | $ | (849,637 | ) | $ | 1,841,910 | ||||||
| Liabilities and member’s interest | |||||||||||||||||
| Accounts payable, accrued expenses and other liabilities | $ | 12,467 | $ | 42,027 | $ | 290 | $ | — | $ | 54,784 | |||||||
| Intercompany payable | — | — | 171 | (171 | ) | — | |||||||||||
| Intercompany note payable | — | 300,000 | — | (300,000 | ) | — | |||||||||||
| Intercompany interest payable | — | 12,467 | — | (12,467 | ) | — | |||||||||||
| Intercompany lease payable | — | — | 10,211 | (10,211 | ) | — | |||||||||||
| Deferred income taxes, net | — | 97,595 | 1,736 | — | 99,331 | ||||||||||||
| Debt and capital lease obligations | 300,000 | 864,137 | — | — | 1,164,137 | ||||||||||||
| Total liabilities | 312,467 | 1,316,226 | 12,408 | (322,849 | ) | 1,318,252 | |||||||||||
| Total member’s interest | 523,658 | 523,658 | 3,130 | (526,788 | ) | 523,658 | |||||||||||
| Total liabilities and member’s interest | $ | 836,125 | $ | 1,839,884 | $ | 15,538 | $ | (849,637 | ) | $ | 1,841,910 | ||||||
| TRAC Intermodal LLC | |||||||||||||||||
| Condensed Consolidating Statements of Operations | |||||||||||||||||
| and Comprehensive (Loss) Income | |||||||||||||||||
| For The Three Months Ended September 30, 2013 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Total revenue | $ | — | $ | 133,513 | $ | 808 | $ | (77 | ) | $ | 134,244 | ||||||
| Direct operating expenses | — | 81,130 | 10 | — | 81,140 | ||||||||||||
| Selling, general and administrative expenses | — | 14,565 | 172 | — | 14,737 | ||||||||||||
| Depreciation expense | — | 17,995 | 166 | — | 18,161 | ||||||||||||
| Provision for doubtful accounts | — | 3,727 | — | — | 3,727 | ||||||||||||
| Impairment of leasing equipment | — | 1,065 | — | — | 1,065 | ||||||||||||
| Loss on retirement of debt | — | 6 | — | — | 6 | ||||||||||||
| Interest expense | 8,250 | 22,926 | 80 | (8,330 | ) | 22,926 | |||||||||||
| Interest income | (8,250 | ) | (18 | ) | — | 8,253 | (15 | ) | |||||||||
| Equity in earnings of subsidiary | 6,324 | (260 | ) | — | (6,064 | ) | — | ||||||||||
| Other expense, net | — | 94 | — | — | 94 | ||||||||||||
| Total expenses | 6,324 | 141,230 | 428 | (6,141 | ) | 141,841 | |||||||||||
| (Loss) income before (benefit) provision for income taxes | (6,324 | ) | (7,717 | ) | 380 | 6,064 | (7,597 | ) | |||||||||
| (Benefit) provision for income taxes | — | (1,393 | ) | 120 | — | (1,273 | ) | ||||||||||
| Net (loss) income | (6,324 | ) | (6,324 | ) | 260 | 6,064 | (6,324 | ) | |||||||||
| Unrealized loss on derivative instruments, net of tax of $721 | — | (1,113 | ) | — | — | (1,113 | ) | ||||||||||
| Derivative loss reclassified into earnings, net of tax of ($1,937) | — | 2,995 | — | — | 2,995 | ||||||||||||
| Foreign currency translation gain, net of tax of ($39) | — | 50 | — | — | 50 | ||||||||||||
| Total other comprehensive income | — | 1,932 | — | — | 1,932 | ||||||||||||
| Total comprehensive (loss) income | $ | (6,324 | ) | $ | (4,392 | ) | $ | 260 | $ | 6,064 | $ | (4,392 | ) | ||||
| TRAC Intermodal LLC | |||||||||||||||||
| Condensed Consolidating Statements of Operations | |||||||||||||||||
| and Comprehensive (Loss) Income | |||||||||||||||||
| For The Nine Months Ended September 30, 2013 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Total revenue | $ | — | $ | 377,015 | $ | 2,399 | $ | (239 | ) | $ | 379,175 | ||||||
| Direct operating expenses | — | 215,305 | 31 | — | 215,336 | ||||||||||||
| Selling, general and administrative expenses | — | 41,411 | 587 | — | 41,998 | ||||||||||||
| Depreciation expense | — | 52,621 | 503 | — | 53,124 | ||||||||||||
| Provision for doubtful accounts | — | 8,434 | — | — | 8,434 | ||||||||||||
| Impairment of leasing equipment | — | 3,629 | — | — | 3,629 | ||||||||||||
| Loss on retirement of debt | — | 901 | — | — | 901 | ||||||||||||
| Interest expense | 24,750 | 68,334 | 249 | (24,997 | ) | 68,336 | |||||||||||
| Interest income | (24,750 | ) | (294 | ) | — | 24,758 | (286 | ) | |||||||||
| Equity in earnings of subsidiary | 7,992 | (696 | ) | — | (7,296 | ) | — | ||||||||||
| Other income, net | — | (1,891 | ) | (5 | ) | — | (1,896 | ) | |||||||||
| Total expenses | 7,992 | 387,754 | 1,365 | (7,535 | ) | 389,576 | |||||||||||
| (Loss) income before (benefit) provision for income taxes | (7,992 | ) | (10,739 | ) | 1,034 | 7,296 | (10,401 | ) | |||||||||
| (Benefit) provision for income taxes | — | (2,747 | ) | 338 | — | (2,409 | ) | ||||||||||
| Net (loss) income | (7,992 | ) | (7,992 | ) | 696 | 7,296 | (7,992 | ) | |||||||||
| Unrealized gain on derivative instruments, net of tax of ($1,074) | — | 1,662 | — | — | 1,662 | ||||||||||||
| Derivative loss reclassified into earnings, net of tax of ($5,962) | — | 9,218 | — | — | 9,218 | ||||||||||||
| Foreign currency translation loss, net of tax of $182 | — | (283 | ) | — | — | (283 | ) | ||||||||||
| Total other comprehensive income | — | 10,597 | — | — | 10,597 | ||||||||||||
| Total comprehensive (loss) income | $ | (7,992 | ) | $ | 2,605 | $ | 696 | $ | 7,296 | $ | 2,605 | ||||||
| TRAC Intermodal LLC | |||||||||||||||||
| Condensed Consolidating Statements of Cash Flows | |||||||||||||||||
| For The Nine Months Ended September 30, 2013 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Net cash provided by operating activities | $ | — | $ | 30,164 | $ | 33 | $ | 1,630 | $ | 31,827 | |||||||
| Investing activities: | |||||||||||||||||
| Proceeds from sale of leasing equipment | — | 5,961 | — | — | 5,961 | ||||||||||||
| Collections on net investment in direct finance leases, net of interest earned | — | 5,892 | — | (1,630 | ) | 4,262 | |||||||||||
| Purchase of leasing equipment | — | (131,509 | ) | — | — | (131,509 | ) | ||||||||||
| Purchase of fixed assets | — | (3,617 | ) | — | — | (3,617 | ) | ||||||||||
| Net cash used in investing activities | — | (123,273 | ) | — | (1,630 | ) | (124,903 | ) | |||||||||
| Financing activities: | |||||||||||||||||
| Proceeds from long-term debt | — | 142,000 | — | — | 142,000 | ||||||||||||
| Repayments of long-term debt | — | (63,506 | ) | — | — | (63,506 | ) | ||||||||||
| Cash paid for debt issuance fees | — | (2,267 | ) | — | — | (2,267 | ) | ||||||||||
| Repurchase of shares from employees | — | (509 | ) | — | — | (509 | ) | ||||||||||
| Net cash provided by financing activities | — | 75,718 | — | — | 75,718 | ||||||||||||
| Effect of changes in exchange rates on cash and cash equivalents | — | (265 | ) | — | — | (265 | ) | ||||||||||
| Net (decrease) increase in cash and cash equivalents | — | (17,656 | ) | 33 | — | (17,623 | ) | ||||||||||
| Cash and cash equivalents, beginning of period | — | 25,837 | 719 | — | 26,556 | ||||||||||||
| Cash and cash equivalents, end of period | $ | — | $ | 8,181 | $ | 752 | $ | — | $ | 8,933 | |||||||
Subsequent_Events
| Subsequent Events | 9 Months Ended |
| Sep. 30, 2014 | |
| Subsequent Events | ' |
| Subsequent Events | ' |
| 14. Subsequent Events | |
| On October 9, 2014, the Company exercised it notice of intent to exercise an early purchase option for one of its capital leases. As a result, on December 31, 2014, the Company will purchase 1,371 chassis for approximately $12,032 and will recognize a loss on modification and extinguishment of debt and capital lease obligations of $223. | |
Leasing_Activity_Tables
| Leasing Activity (Tables) | 9 Months Ended | ||||||||||
| Sep. 30, 2014 | |||||||||||
| Leasing Activity | ' | ||||||||||
| Schedule of the estimated future minimum lease revenue | ' | ||||||||||
| 2014 | $ | 26,876 | |||||||||
| 2015 | 75,067 | ||||||||||
| 2016 | 44,421 | ||||||||||
| 2017 | 30,966 | ||||||||||
| 2018 | 3,230 | ||||||||||
| Thereafter | 2,467 | ||||||||||
| $ | 183,027 | ||||||||||
| Schedule of receivables under direct finance leases collectible through 2022 | ' | ||||||||||
| Total Lease | Unearned | Net Lease | |||||||||
| Receivables | Lease Income | Receivables | |||||||||
| 2014 | $ | 2,410 | $ | 468 | $ | 1,942 | |||||
| 2015 | 4,828 | 1,512 | 3,316 | ||||||||
| 2016 | 3,921 | 1,155 | 2,766 | ||||||||
| 2017 | 10,385 | 420 | 9,965 | ||||||||
| 2018 | 107 | 23 | 84 | ||||||||
| Thereafter | 71 | 51 | 20 | ||||||||
| $ | 21,722 | $ | 3,629 | $ | 18,093 | ||||||
Leasing_Equipment_Tables
| Leasing Equipment (Tables) | 9 Months Ended | |||||||
| Sep. 30, 2014 | ||||||||
| Leasing Equipment | ' | |||||||
| Summary of leasing equipment | ' | |||||||
| September 30, | December 31, | |||||||
| 2014 | 2013 | |||||||
| Total leasing equipment | $ | 1,813,533 | $ | 1,759,517 | ||||
| Less accumulated depreciation | (386,515 | ) | (365,429 | ) | ||||
| Leasing equipment, net of accumulated depreciation | $ | 1,427,018 | $ | 1,394,088 | ||||
Borrowings_Tables
| Borrowings (Tables) | 9 Months Ended | |||||||
| Sep. 30, 2014 | ||||||||
| Borrowings | ' | |||||||
| Summary of the Company's borrowings | ' | |||||||
| September 30, | December 31, | |||||||
| 2014 | 2013 | |||||||
| Senior Secured 11% Notes | $ | 300,000 | $ | 300,000 | ||||
| ABL Facility | 754,000 | 713,000 | ||||||
| Loans Payable CIMC | 17,542 | 19,278 | ||||||
| Capital lease obligations | 110,284 | 131,859 | ||||||
| Total debt | 1,181,826 | 1,164,137 | ||||||
| Less current maturities | (35,644 | ) | (34,029 | ) | ||||
| Long-term debt, less current maturities | $ | 1,146,182 | $ | 1,130,108 | ||||
Derivatives_and_Hedging_Activi1
| Derivatives and Hedging Activities (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||
| Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||
| Derivatives and Hedging Activities | ' | |||||||||||||||||||||||||||||||||
| Schedule of the interest rate derivative | ' | |||||||||||||||||||||||||||||||||
| Notional | Effective | Maturity | Floating | Fixed Leg | Fair | |||||||||||||||||||||||||||||
| Hedged Item | Amount | Date | Date | Rate | Interest Rate | Value Gain(a) | ||||||||||||||||||||||||||||
| ABL Facility | $ | 300,000 | Jan-13 | Aug-17 | 1M LIBOR | 0.756 | % | $ | 3,136 | |||||||||||||||||||||||||
| (a) | This interest rate derivative is recorded in Other Assets in the Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||
| Schedule of the total interest rate derivatives to fix floating interest rates on a portion of the borrowings under debt facilities | ' | |||||||||||||||||||||||||||||||||
| Total Current | Weighted-Average | Weighted-Average | ||||||||||||||||||||||||||||||||
| Notional | Fixed Leg | Remaining Term | ||||||||||||||||||||||||||||||||
| Amount | Interest Rate | |||||||||||||||||||||||||||||||||
| September 30, 2014 | $ | 300,000 | 0.756 | % | 2.78 years | |||||||||||||||||||||||||||||
| December 31, 2013 | $ | 300,000 | 0.756 | % | 3.53 years | |||||||||||||||||||||||||||||
| Schedule of the net of tax effect of the Company's cash flow hedge derivative instruments | ' | |||||||||||||||||||||||||||||||||
| Effective Portion | Ineffective Portion | |||||||||||||||||||||||||||||||||
| Derivative | Change in | Classification | Loss | Classification | (Gain) Loss | |||||||||||||||||||||||||||||
| Instruments | Unrealized | of Loss | Reclassified | of Loss | Recognized | |||||||||||||||||||||||||||||
| Loss | Reclassified | from OCI | Recognized | Directly in | ||||||||||||||||||||||||||||||
| Recognized in | from OCI | into Income | Directly in | Income on | ||||||||||||||||||||||||||||||
| OCI on | into Income | (b) | Income on | Derivative | ||||||||||||||||||||||||||||||
| Derivatives (a) | Derivative | (c) | ||||||||||||||||||||||||||||||||
| Three Months ended September 30, 2014 | Interest rate derivatives | $ | 591 | Interest expense | $ | 2,749 | Interest expense | $ | (22 | ) | ||||||||||||||||||||||||
| Nine Months ended September 30, 2014 | Interest rate derivatives | $ | (1,037 | ) | Interest expense | $ | 8,751 | Interest expense | $ | (63 | ) | |||||||||||||||||||||||
| Three Months ended September 30, 2013 | Interest rate derivatives | $ | (1,373 | ) | Interest expense | $ | 3,255 | Interest expense | $ | (20 | ) | |||||||||||||||||||||||
| Nine Months ended September 30, 2013 | Interest rate derivatives | $ | 989 | Interest expense | $ | 9,891 | Interest expense | $ | (60 | ) | ||||||||||||||||||||||||
| (a) | This represents the change in the fair market value of the Company’s interest rate derivatives, net of tax, offset by the amount of actual cash paid related to the net settlements of the interest rate derivatives, net of tax. | |||||||||||||||||||||||||||||||||
| (b) | This represents the amount of actual cash paid, net of tax, related to the net settlements of the interest rate derivatives plus any effective amortization of deferred losses on the Company’s terminated derivative, net of tax. | |||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||||
| Net settlements of interest rate derivative, net of tax of ($182), ($168), ($540) and ($435), respectively | $ | 280 | $ | 260 | $ | 830 | $ | 673 | ||||||||||||||||||||||||||
| Amortization of terminated derivatives, net of tax of ($1,604), ($1,937), ($5,147) and ($5,962), respectively | 2,469 | 2,995 | 7,921 | 9,218 | ||||||||||||||||||||||||||||||
| $ | 2,749 | $ | 3,255 | $ | 8,751 | $ | 9,891 | |||||||||||||||||||||||||||
| (c)Amount impacting income not related to OCI reclassification | ||||||||||||||||||||||||||||||||||
| Schedule of the amount of actual cash paid, net of tax, related to the net settlements of the interest rate derivatives plus any effective amortization of deferred losses on the Company's terminated derivatives, net of tax | ' | |||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||||
| Net settlements of interest rate derivative, net of tax of ($182), ($168), ($540) and ($435), respectively | $ | 280 | $ | 260 | $ | 830 | $ | 673 | ||||||||||||||||||||||||||
| Amortization of terminated derivatives, net of tax of ($1,604), ($1,937), ($5,147) and ($5,962), respectively | 2,469 | 2,995 | 7,921 | 9,218 | ||||||||||||||||||||||||||||||
| $ | 2,749 | $ | 3,255 | $ | 8,751 | $ | 9,891 | |||||||||||||||||||||||||||
| Summary of deferred (gains) and losses for the terminated interest rate derivatives and the related amortization into interest expense | ' | |||||||||||||||||||||||||||||||||
| Original | Effective | Maturity | Fixed | Termination | Deferred | Un- | Amount of | Amount of | Amount | |||||||||||||||||||||||||
| Maximum | De-designation | Loss | amortized | Deferred (Gain)Loss | Deferred (Gain)Loss | of Deferred | ||||||||||||||||||||||||||||
| Notional | Upon | Deferred | Amortized | Amortized | (Gain) Loss | |||||||||||||||||||||||||||||
| (Gain) or | (including | (including | Expected | |||||||||||||||||||||||||||||||
| Loss at | Accelerated | Accelerated | to be | |||||||||||||||||||||||||||||||
| Sept 30, | Amortization) | Amortization) | Amortized | |||||||||||||||||||||||||||||||
| Into Interest | Into Interest | Over | ||||||||||||||||||||||||||||||||
| Expense for the | Expense for the | the Next | ||||||||||||||||||||||||||||||||
| Three Months | Nine Months | Twelve | ||||||||||||||||||||||||||||||||
| Ended Sept 30, | Ended Sept 30, | |||||||||||||||||||||||||||||||||
| Item | Amount | Date | Date | Rate % | Date | Termination | 2014 | 2014 | 2013 | 2014 | 2013 | Months | ||||||||||||||||||||||
| (a) | $ | 60,852 | Jul-07 | Oct-17 | 5.299 | % | Dec-07 | $ | 1,853 | $ | (7 | ) | $ | 2 | $ | 6 | $ | 9 | $ | 27 | $ | — | ||||||||||||
| (a) | 200,000 | Jul-07 | Jul-17 | 5.307 | % | Dec-07 | 6,412 | (18 | ) | 9 | 31 | 40 | 116 | 3 | ||||||||||||||||||||
| (a) | 163,333 | Jul-07 | Jul-14 | 5.58 | % | Dec-07 | 3,773 | — | 26 | 103 | 200 | 317 | — | |||||||||||||||||||||
| (b) | 150,000 | Jul-08 | Oct-14 | 5.512 | % | Jul-08 | 1,711 | 4 | 13 | 16 | 40 | 49 | 4 | |||||||||||||||||||||
| (b) | 150,000 | Oct-07 | Oct-14 | 5.512 | % | Jul-08 | 3,498 | 12 | 39 | 61 | 127 | 183 | 12 | |||||||||||||||||||||
| (b) | 480,088 | Oct-14 | Oct-17 | 5.436 | % | Jul-08 | 1,711 | 1,711 | — | — | — | — | 653 | |||||||||||||||||||||
| (b) | 480,088 | Oct-14 | Oct-17 | 5.436 | % | Jul-08 | 1,526 | 1,526 | — | — | — | — | 676 | |||||||||||||||||||||
| (a) | 163,333 | Nov-07 | Jul-14 | 4.605 | % | Jul-08 | 2,082 | — | (30 | ) | (27 | ) | (166 | ) | (41 | ) | — | |||||||||||||||||
| (b) | 332,525 | Oct-07 | Oct-14 | 4.743 | % | Jul-08 | 7,641 | (36 | ) | (78 | ) | 18 | (131 | ) | 103 | (36 | ) | |||||||||||||||||
| (a) | 58,238 | Nov-07 | Oct-17 | 4.305 | % | Jul-08 | 862 | (118 | ) | (16 | ) | (14 | ) | (46 | ) | (42 | ) | (59 | ) | |||||||||||||||
| (a) | 193,333 | Nov-07 | Jul-17 | 4.365 | % | Jul-08 | 3,265 | (402 | ) | (63 | ) | (55 | ) | (185 | ) | (150 | ) | (224 | ) | |||||||||||||||
| (c) | 37,000 | Sep-07 | Jul-14 | 5.526 | % | Mar-11 | 3,122 | — | 44 | 190 | 335 | 640 | — | |||||||||||||||||||||
| (d) | 53,286 | Jul-08 | Oct-17 | 3.989 | % | Aug-12 | 2,048 | 637 | 112 | 159 | 367 | 531 | 362 | |||||||||||||||||||||
| (d) | 181,667 | Jul-08 | Jul-17 | 4.033 | % | Aug-12 | 8,538 | 2,448 | 507 | 711 | 1,674 | 2,278 | 1,530 | |||||||||||||||||||||
| (d) | 43,333 | Jul-08 | Jul-14 | 4.328 | % | Aug-12 | 11,033 | — | 499 | 1,390 | 3,437 | 4,041 | — | |||||||||||||||||||||
| (d) | 211,567 | Jul-08 | Oct-14 | 4.147 | % | Aug-12 | 17,002 | 970 | 2,417 | 1,779 | 5,608 | 5,473 | 970 | |||||||||||||||||||||
| (d) | 150,000 | Jul-08 | Oct-14 | 4 | % | Aug-12 | 5,080 | 201 | 592 | 564 | 1,759 | 1,655 | 201 | |||||||||||||||||||||
| (d) | 427,407 | Oct-14 | Oct-17 | 5.174 | % | Aug-12 | 46,372 | 46,372 | — | — | — | — | 16,638 | |||||||||||||||||||||
| Total | $ | 127,529 | $ | 53,300 | $ | 4,073 | $ | 4,932 | $ | 13,068 | $ | 15,180 | $ | 20,730 | ||||||||||||||||||||
| (a) | This hedged item is referred to as Chassis Funding II Floating Rate Asset-Backed Notes, Series 2007-1 | |||||||||||||||||||||||||||||||||
| (b) | This hedged item is referred to as Chassis Funding Floating Rate Asset-Backed Notes, Series 2007-1 | |||||||||||||||||||||||||||||||||
| (c) | This hedged item is referred to as Chassis Financing Program, Term Loan Agreement—Portfolio C | |||||||||||||||||||||||||||||||||
| (d) | This hedged item is referred to as Chassis Financing Program, Portfolio A | |||||||||||||||||||||||||||||||||
Accumulated_Other_Comprehensiv1
| Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended | |||||||||||||
| Sep. 30, 2014 | ||||||||||||||
| Accumulated Other Comprehensive Loss | ' | |||||||||||||
| Schedule of the components of AOCI, net of tax | ' | |||||||||||||
| Unrealized | Net | Foreign | Total | |||||||||||
| Gain (Loss) | Derivative | Currency | Accumulated | |||||||||||
| on | Loss to be | Translation | Other | |||||||||||
| Derivative | Reclassified | Comprehensive | ||||||||||||
| Instruments | into | Loss | ||||||||||||
| Earnings | ||||||||||||||
| Balance, December 31, 2013 | $ | 2,020 | $ | (40,226 | ) | $ | (142 | ) | $ | (38,348 | ) | |||
| Current-period other comprehensive (loss) income | (207 | ) | 7,921 | (273 | ) | 7,441 | ||||||||
| Balance, September 30, 2014 | $ | 1,813 | $ | (32,305 | ) | $ | (415 | ) | $ | (30,907 | ) | |||
| Schedule of the effects of reclassifications out of AOCI and into the Consolidated Statements of Operations | ' | |||||||||||||
| Income Statement Line Item | Three Months | Nine Months | ||||||||||||
| Ended | Ended | |||||||||||||
| September 30, | September 30, | |||||||||||||
| 2014 | 2014 | |||||||||||||
| Total loss in AOCI reclassifications for previously unrealized net losses on terminated derivatives | Interest Expense | $ | 4,073 | $ | 13,068 | |||||||||
| Related income tax benefit | Benefit for income taxes | (1,604 | ) | (5,147 | ) | |||||||||
| Net loss reclassified out of AOCI | $ | 2,469 | $ | 7,921 | ||||||||||
| Income Statement Line Item | Three Months | Nine Months | ||||||||||||
| Ended | Ended | |||||||||||||
| September 30, | September 30, | |||||||||||||
| 2013 | 2013 | |||||||||||||
| Total loss in AOCI reclassifications for previously unrealized net losses on terminated derivatives | Interest Expense | $ | 4,932 | $ | 15,180 | |||||||||
| Related income tax benefit | Benefit for income taxes | (1,937 | ) | (5,962 | ) | |||||||||
| Net loss reclassified out of AOCI | $ | 2,995 | $ | 9,218 | ||||||||||
ShareBased_Payment_Tables
| Share-Based Payment (Tables) (SCT Chassis, Inc.) | 9 Months Ended | |||||||||
| Sep. 30, 2014 | ||||||||||
| SCT Chassis, Inc. | ' | |||||||||
| Share-based payment | ' | |||||||||
| Summary of the restricted shares of SCT Chassis, Inc. | ' | |||||||||
| All amounts are in thousands except share and per share amounts. | ||||||||||
| Non-vested Shares | Shares | Weighted- | Fair Value | |||||||
| Average | of Shares | |||||||||
| Grant Date | at Grant | |||||||||
| Fair Value | Date | |||||||||
| per share | ||||||||||
| Non-vested at January 1, 2014 | 352,443 | $ | 6.61 | $ | 2,328 | |||||
| Granted | — | — | — | |||||||
| Forfeited | (10,000 | ) | 6.17 | (62 | ) | |||||
| Vested | (152,226 | ) | 6.54 | (996 | ) | |||||
| Non-vested at September 30, 2014 | 190,217 | $ | 6.68 | $ | 1,270 | |||||
Segment_and_Geographic_Informa1
| Segment and Geographic Information (Tables) | 9 Months Ended | |||||||||||||
| Sep. 30, 2014 | ||||||||||||||
| Segment and Geographic Information | ' | |||||||||||||
| Schedule of segment information | ' | |||||||||||||
| Three Months ended September 30, 2014 | Marine | Domestic | Other | Total | ||||||||||
| Market | Market | |||||||||||||
| segment | segment | |||||||||||||
| Term revenue | $ | 9,896 | $ | 4,075 | $ | — | $ | 13,971 | ||||||
| Pool revenue | 106,151 | 38,722 | — | 144,873 | ||||||||||
| All other revenue | 4,115 | 2,015 | 2,123 | 8,253 | ||||||||||
| Total revenue | $ | 120,162 | $ | 44,812 | $ | 2,123 | $ | 167,097 | ||||||
| Adjusted EBITDA | 32,806 | 23,581 | (7,102 | ) | 49,285 | |||||||||
| Depreciation expense | 9,863 | 6,289 | 2,790 | 18,942 | ||||||||||
| Net investment in direct finance leases | 17,969 | 124 | — | 18,093 | ||||||||||
| Leasing equipment | 791,873 | 474,498 | 160,647 | 1,427,018 | ||||||||||
| Capital expenditures for long-lived assets | 11,235 | 6,919 | 1,139 | 19,293 | ||||||||||
| Three Months ended September 30, 2013 | Marine | Domestic | Other | Total | ||||||||||
| Market | Market | |||||||||||||
| segment | segment | |||||||||||||
| Term revenue | $ | 10,332 | $ | 4,515 | $ | — | $ | 14,847 | ||||||
| Pool revenue | 76,451 | 34,190 | — | 110,641 | ||||||||||
| All other revenue | 5,370 | 1,620 | 1,766 | 8,756 | ||||||||||
| Total revenue | $ | 92,153 | $ | 40,325 | $ | 1,766 | $ | 134,244 | ||||||
| Adjusted EBITDA | 21,430 | 19,257 | (4,306 | ) | 36,381 | |||||||||
| Depreciation expense | 8,685 | 7,712 | 1,764 | 18,161 | ||||||||||
| Net investment in direct finance leases | 26,741 | 174 | — | 26,915 | ||||||||||
| Leasing equipment | 750,401 | 481,930 | 176,725 | 1,409,056 | ||||||||||
| Capital expenditures for long-lived assets | 33,472 | 9,312 | 1,277 | 44,061 | ||||||||||
| Nine Months ended September 30, 2014 | Marine | Domestic | Other | Total | ||||||||||
| Market | Market | |||||||||||||
| segment | segment | |||||||||||||
| Term revenue | $ | 29,416 | $ | 13,247 | $ | — | $ | 42,663 | ||||||
| Pool revenue | 275,990 | 111,274 | — | 387,264 | ||||||||||
| All other revenue | 17,872 | 7,112 | 4,264 | 29,248 | ||||||||||
| Total revenue | $ | 323,278 | $ | 131,633 | $ | 4,264 | $ | 459,175 | ||||||
| Adjusted EBITDA | 93,869 | 72,549 | (20,306 | ) | 146,112 | |||||||||
| Depreciation expense | 28,139 | 20,215 | 5,865 | 54,219 | ||||||||||
| Net investment in direct finance leases | 17,969 | 124 | — | 18,093 | ||||||||||
| Leasing equipment | 791,873 | 474,498 | 160,647 | 1,427,018 | ||||||||||
| Capital expenditures for long-lived assets | 105,173 | 8,868 | 2,163 | 116,204 | ||||||||||
| Nine Months ended September 30, 2013 | Marine | Domestic | Other | Total | ||||||||||
| Market | Market | |||||||||||||
| segment | segment | |||||||||||||
| Term revenue | $ | 36,562 | $ | 13,654 | $ | — | $ | 50,216 | ||||||
| Pool revenue | 196,546 | 98,240 | — | 294,786 | ||||||||||
| All other revenue | 21,168 | 4,773 | 8,232 | 34,173 | ||||||||||
| Total revenue | $ | 254,276 | $ | 116,667 | $ | 8,232 | $ | 379,175 | ||||||
| Adjusted EBITDA | 70,807 | 56,732 | (8,997 | ) | 118,542 | |||||||||
| Depreciation expense | 25,165 | 22,853 | 5,106 | 53,124 | ||||||||||
| Net investment in direct finance leases | 26,741 | 174 | — | 26,915 | ||||||||||
| Leasing equipment | 750,401 | 481,930 | 176,725 | 1,409,056 | ||||||||||
| Capital expenditures for long-lived assets | 93,901 | 37,610 | 3,615 | 135,126 | ||||||||||
| Schedule of reconciliations of Adjusted EBITDA to the Company's net loss | ' | |||||||||||||
| Three Months Ended | ||||||||||||||
| September 30, | ||||||||||||||
| 2014 | 2013 | |||||||||||||
| Adjusted EBITDA | $ | 49,285 | $ | 36,381 | ||||||||||
| Principal collections on direct finance leases, net of interest earned | (1,227 | ) | (1,401 | ) | ||||||||||
| Non-cash share-based compensation | (218 | ) | (340 | ) | ||||||||||
| Interest expense | (21,079 | ) | (22,926 | ) | ||||||||||
| Depreciation expense | (18,942 | ) | (18,161 | ) | ||||||||||
| Impairment of leasing equipment | (932 | ) | (1,065 | ) | ||||||||||
| Loss on modification and extinguishment of debt and capital lease obligations | — | (6 | ) | |||||||||||
| Other income (expense), net | 166 | (94 | ) | |||||||||||
| Interest income | 5 | 15 | ||||||||||||
| Income (loss) before provision (benefit) for income taxes | 7,058 | (7,597 | ) | |||||||||||
| Provision (benefit) for income taxes | 896 | (1,273 | ) | |||||||||||
| Net income (loss) | $ | 6,162 | $ | (6,324 | ) | |||||||||
| Nine Months Ended | ||||||||||||||
| September 30, | ||||||||||||||
| 2014 | 2013 | |||||||||||||
| Adjusted EBITDA | $ | 146,112 | $ | 118,542 | ||||||||||
| Principal collections on direct finance leases, net of interest earned | (3,586 | ) | (4,262 | ) | ||||||||||
| Non-cash share-based compensation | (654 | ) | (873 | ) | ||||||||||
| Interest expense | (64,670 | ) | (68,336 | ) | ||||||||||
| Depreciation expense | (54,219 | ) | (53,124 | ) | ||||||||||
| Impairment of leasing equipment | (3,249 | ) | (3,629 | ) | ||||||||||
| Early retirement of leasing equipment | (37,766 | ) | — | |||||||||||
| Loss on modification and extinguishment of debt and capital lease obligations | (102 | ) | (901 | ) | ||||||||||
| Other income, net | 683 | 1,896 | ||||||||||||
| Interest income | 52 | 286 | ||||||||||||
| Loss before benefit for income taxes | (17,399 | ) | (10,401 | ) | ||||||||||
| Benefit for income taxes | (7,290 | ) | (2,409 | ) | ||||||||||
| Net loss | $ | (10,109 | ) | $ | (7,992 | ) | ||||||||
Fair_Value_of_Financial_Instru1
| Fair Value of Financial Instruments (Tables) | 9 Months Ended | |||||||||||||
| Sep. 30, 2014 | ||||||||||||||
| Fair Value of Financial Instruments | ' | |||||||||||||
| Schedule of valuation of the Company's financial assets and liabilities measured at fair value on a recurring basis | ' | |||||||||||||
| Fair Value | Fair Value Measurement as of | |||||||||||||
| as of | September 30, 2014 using | |||||||||||||
| September 30, | Fair Value Hierarchy | |||||||||||||
| 2014 | Level 1 | Level 2 | Level 3 | |||||||||||
| Assets: | ||||||||||||||
| Cash and cash equivalents | $ | 5,331 | $ | 5,331 | $ | — | $ | — | ||||||
| Derivative instruments | 3,136 | — | 3,136 | — | ||||||||||
| Fair Value | Fair Value Measurement as of | |||||||||||||
| as of | December 31, 2013 using | |||||||||||||
| December 31, | Fair Value Hierarchy | |||||||||||||
| 2013 | Level 1 | Level 2 | Level 3 | |||||||||||
| Assets: | ||||||||||||||
| Cash and cash equivalents | $ | 11,843 | $ | 11,843 | $ | — | $ | — | ||||||
| Derivative instruments | 3,414 | — | 3,414 | — | ||||||||||
| Schedule of carrying amounts and fair values of the Company's financial instruments | ' | |||||||||||||
| September 30, 2014 | December 31, 2013 | |||||||||||||
| Carrying | Fair Value of | Carrying | Fair Value of | |||||||||||
| Amount of | Asset | Amount of | Asset | |||||||||||
| Asset | (Liability) | Asset | (Liability) | |||||||||||
| (Liability) | (Liability) | |||||||||||||
| Derivative Instrument | $ | 3,136 | $ | 3,136 | $ | 3,414 | $ | 3,414 | ||||||
| Total debt and capital lease obligations | $ | (1,181,826 | ) | $ | (1,211,092 | ) | $ | (1,164,137 | ) | $ | (1,205,298 | ) | ||
Guarantor_Financial_Informatio1
| Guarantor Financial Information (Tables) | 9 Months Ended | ||||||||||||||||
| Sep. 30, 2014 | |||||||||||||||||
| Guarantor Financial Information | ' | ||||||||||||||||
| Condensed Consolidating Balance Sheet | ' | ||||||||||||||||
| Condensed Consolidating Balance Sheet | |||||||||||||||||
| September 30, 2014 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Assets | |||||||||||||||||
| Cash and cash equivalents | $ | — | $ | 3,647 | $ | 1,684 | $ | — | $ | 5,331 | |||||||
| Accounts receivable, net | — | 135,855 | 616 | — | 136,471 | ||||||||||||
| Net investment in direct finance leases | — | 27,371 | — | (9,278 | ) | 18,093 | |||||||||||
| Leasing equipment, net of accumulated depreciation | — | 1,414,079 | 12,939 | — | 1,427,018 | ||||||||||||
| Goodwill | — | 251,907 | — | — | 251,907 | ||||||||||||
| Affiliate and intercompany receivable | — | 757 | — | — | 757 | ||||||||||||
| Intercompany interest receivable | 4,217 | — | — | (4,217 | ) | — | |||||||||||
| Intercompany note receivable | 300,000 | — | — | (300,000 | ) | — | |||||||||||
| Investment in subsidiary | 521,023 | 3,903 | — | (524,926 | ) | — | |||||||||||
| Other assets | — | 41,917 | 321 | — | 42,238 | ||||||||||||
| Total assets | $ | 825,240 | $ | 1,879,436 | $ | 15,560 | $ | (838,421 | ) | $ | 1,881,815 | ||||||
| Liabilities and member’s interest | |||||||||||||||||
| Accounts payable, accrued expenses and other liabilities | $ | 4,217 | $ | 78,207 | $ | 95 | $ | — | $ | 82,519 | |||||||
| Intercompany note payable | — | 300,000 | — | (300,000 | ) | — | |||||||||||
| Intercompany interest payable | — | 4,217 | — | (4,217 | ) | — | |||||||||||
| Intercompany lease payable | — | — | 9,278 | (9,278 | ) | — | |||||||||||
| Deferred income taxes, net | — | 94,163 | 2,284 | — | 96,447 | ||||||||||||
| Debt and capital lease obligations | 300,000 | 881,826 | — | — | 1,181,826 | ||||||||||||
| Total liabilities | 304,217 | 1,358,413 | 11,657 | (313,495 | ) | 1,360,792 | |||||||||||
| Total member’s interest | 521,023 | 521,023 | 3,903 | (524,926 | ) | 521,023 | |||||||||||
| Total liabilities and member’s interest | $ | 825,240 | $ | 1,879,436 | $ | 15,560 | $ | (838,421 | ) | $ | 1,881,815 | ||||||
| Condensed Consolidating Balance Sheet | |||||||||||||||||
| December 31, 2013 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Assets | |||||||||||||||||
| Cash and cash equivalents | $ | — | $ | 11,308 | $ | 535 | $ | — | $ | 11,843 | |||||||
| Accounts receivable, net | — | 112,550 | 588 | — | 113,138 | ||||||||||||
| Net investment in direct finance leases | — | 35,237 | — | (10,211 | ) | 25,026 | |||||||||||
| Leasing equipment, net of accumulated depreciation | — | 1,380,685 | 13,403 | — | 1,394,088 | ||||||||||||
| Goodwill | — | 251,907 | — | — | 251,907 | ||||||||||||
| Affiliate and intercompany receivable | — | 1,994 | — | (171 | ) | 1,823 | |||||||||||
| Intercompany interest receivable | 12,467 | — | — | (12,467 | ) | — | |||||||||||
| Intercompany note receivable | 300,000 | — | — | (300,000 | ) | — | |||||||||||
| Investment in subsidiary | 523,658 | 3,130 | — | (526,788 | ) | — | |||||||||||
| Other assets | — | 43,073 | 1,012 | — | 44,085 | ||||||||||||
| Total assets | $ | 836,125 | $ | 1,839,884 | $ | 15,538 | $ | (849,637 | ) | $ | 1,841,910 | ||||||
| Liabilities and member’s interest | |||||||||||||||||
| Accounts payable, accrued expenses and other liabilities | $ | 12,467 | $ | 42,027 | $ | 290 | $ | — | $ | 54,784 | |||||||
| Intercompany payable | — | — | 171 | (171 | ) | — | |||||||||||
| Intercompany note payable | — | 300,000 | — | (300,000 | ) | — | |||||||||||
| Intercompany interest payable | — | 12,467 | — | (12,467 | ) | — | |||||||||||
| Intercompany lease payable | — | — | 10,211 | (10,211 | ) | — | |||||||||||
| Deferred income taxes, net | — | 97,595 | 1,736 | — | 99,331 | ||||||||||||
| Debt and capital lease obligations | 300,000 | 864,137 | — | — | 1,164,137 | ||||||||||||
| Total liabilities | 312,467 | 1,316,226 | 12,408 | (322,849 | ) | 1,318,252 | |||||||||||
| Total member’s interest | 523,658 | 523,658 | 3,130 | (526,788 | ) | 523,658 | |||||||||||
| Total liabilities and member’s interest | $ | 836,125 | $ | 1,839,884 | $ | 15,538 | $ | (849,637 | ) | $ | 1,841,910 | ||||||
| Condensed Consolidating Statements of Operations and Comprehensive Income | ' | ||||||||||||||||
| Condensed Consolidating Statements of Operations | |||||||||||||||||
| and Comprehensive Income (Loss) | |||||||||||||||||
| For The Three Months Ended September 30, 2014 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Total revenue | $ | — | $ | 166,358 | $ | 807 | $ | (68 | ) | $ | 167,097 | ||||||
| Direct operating expenses | — | 94,376 | 9 | — | 94,385 | ||||||||||||
| Selling, general and administrative expenses | — | 21,145 | 148 | — | 21,293 | ||||||||||||
| Depreciation expense | — | 18,823 | 119 | — | 18,942 | ||||||||||||
| Provision for doubtful accounts | — | 3,579 | — | — | 3,579 | ||||||||||||
| Impairment of leasing equipment | — | 932 | — | — | 932 | ||||||||||||
| Interest expense | 8,250 | 21,078 | 69 | (8,318 | ) | 21,079 | |||||||||||
| Interest income | (8,250 | ) | (5 | ) | — | 8,250 | (5 | ) | |||||||||
| Equity in earnings of subsidiary | (6,162 | ) | (288 | ) | — | 6,450 | — | ||||||||||
| Other income, net | — | (165 | ) | (1 | ) | — | (166 | ) | |||||||||
| Total (income) expense | (6,162 | ) | 159,475 | 344 | 6,382 | 160,039 | |||||||||||
| Income (loss) before provision for income taxes | 6,162 | 6,883 | 463 | (6,450 | ) | 7,058 | |||||||||||
| Provision for income taxes | — | 721 | 175 | — | 896 | ||||||||||||
| Net income (loss) | 6,162 | 6,162 | 288 | (6,450 | ) | 6,162 | |||||||||||
| Unrealized gain on derivative instruments, net of tax of ($567) | — | 871 | — | — | 871 | ||||||||||||
| Derivative loss reclassified into earnings, net of tax of ($1,604) | — | 2,469 | — | — | 2,469 | ||||||||||||
| Foreign currency translation loss, net of tax of $138 | — | (212 | ) | — | — | (212 | ) | ||||||||||
| Total other comprehensive income | — | 3,128 | — | — | 3,128 | ||||||||||||
| Total comprehensive income (loss) | $ | 6,162 | $ | 9,290 | $ | 288 | $ | (6,450 | ) | $ | 9,290 | ||||||
| Condensed Consolidating Statements of Operations | |||||||||||||||||
| and Comprehensive (Loss) Income | |||||||||||||||||
| For The Nine Months Ended September 30, 2014 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Total revenue | $ | — | $ | 456,988 | $ | 2,397 | $ | (210 | ) | $ | 459,175 | ||||||
| Direct operating expenses | — | 244,171 | 30 | — | 244,201 | ||||||||||||
| Selling, general and administrative expenses | — | 62,001 | 405 | — | 62,406 | ||||||||||||
| Depreciation expense | — | 53,765 | 454 | — | 54,219 | ||||||||||||
| Provision for doubtful accounts | — | 10,696 | — | — | 10,696 | ||||||||||||
| Impairment of leasing equipment | — | 3,249 | — | — | 3,249 | ||||||||||||
| Early retirement of leasing equipment | — | 37,766 | — | — | 37,766 | ||||||||||||
| Loss on modification and extinguishment of debt and capital lease obligations | — | 102 | — | — | 102 | ||||||||||||
| Interest expense | 24,750 | 64,668 | 212 | (24,960 | ) | 64,670 | |||||||||||
| Interest income | (24,750 | ) | (52 | ) | — | 24,750 | (52 | ) | |||||||||
| Equity in earnings of subsidiary | 10,109 | (772 | ) | — | (9,337 | ) | — | ||||||||||
| Other income, net | — | (683 | ) | — | — | (683 | ) | ||||||||||
| Total expense (income) | 10,109 | 474,911 | 1,101 | (9,547 | ) | 476,574 | |||||||||||
| (Loss) income before (benefit) provision for income taxes | (10,109 | ) | (17,923 | ) | 1,296 | 9,337 | (17,399 | ) | |||||||||
| (Benefit) provision for income taxes | — | (7,814 | ) | 524 | — | (7,290 | ) | ||||||||||
| Net (loss) income | (10,109 | ) | (10,109 | ) | 772 | 9,337 | (10,109 | ) | |||||||||
| Unrealized loss on derivative instruments, net of tax of $134 | — | (207 | ) | — | — | (207 | ) | ||||||||||
| Derivative loss reclassified into earnings, net of tax of ($5,147) | — | 7,921 | — | — | 7,921 | ||||||||||||
| Foreign currency translation loss, net of tax of $173 | — | (273 | ) | — | — | (273 | ) | ||||||||||
| Total other comprehensive income | — | 7,441 | — | — | 7,441 | ||||||||||||
| Total comprehensive (loss) income | $ | (10,109 | ) | $ | (2,668 | ) | $ | 772 | $ | 9,337 | $ | (2,668 | ) | ||||
| Condensed Consolidating Statements of Operations | |||||||||||||||||
| and Comprehensive (Loss) Income | |||||||||||||||||
| For The Three Months Ended September 30, 2013 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Total revenue | $ | — | $ | 133,513 | $ | 808 | $ | (77 | ) | $ | 134,244 | ||||||
| Direct operating expenses | — | 81,130 | 10 | — | 81,140 | ||||||||||||
| Selling, general and administrative expenses | — | 14,565 | 172 | — | 14,737 | ||||||||||||
| Depreciation expense | — | 17,995 | 166 | — | 18,161 | ||||||||||||
| Provision for doubtful accounts | — | 3,727 | — | — | 3,727 | ||||||||||||
| Impairment of leasing equipment | — | 1,065 | — | — | 1,065 | ||||||||||||
| Loss on retirement of debt | — | 6 | — | — | 6 | ||||||||||||
| Interest expense | 8,250 | 22,926 | 80 | (8,330 | ) | 22,926 | |||||||||||
| Interest income | (8,250 | ) | (18 | ) | — | 8,253 | (15 | ) | |||||||||
| Equity in earnings of subsidiary | 6,324 | (260 | ) | — | (6,064 | ) | — | ||||||||||
| Other expense, net | — | 94 | — | — | 94 | ||||||||||||
| Total expenses | 6,324 | 141,230 | 428 | (6,141 | ) | 141,841 | |||||||||||
| (Loss) income before (benefit) provision for income taxes | (6,324 | ) | (7,717 | ) | 380 | 6,064 | (7,597 | ) | |||||||||
| (Benefit) provision for income taxes | — | (1,393 | ) | 120 | — | (1,273 | ) | ||||||||||
| Net (loss) income | (6,324 | ) | (6,324 | ) | 260 | 6,064 | (6,324 | ) | |||||||||
| Unrealized loss on derivative instruments, net of tax of $721 | — | (1,113 | ) | — | — | (1,113 | ) | ||||||||||
| Derivative loss reclassified into earnings, net of tax of ($1,937) | — | 2,995 | — | — | 2,995 | ||||||||||||
| Foreign currency translation gain, net of tax of ($39) | — | 50 | — | — | 50 | ||||||||||||
| Total other comprehensive income | — | 1,932 | — | — | 1,932 | ||||||||||||
| Total comprehensive (loss) income | $ | (6,324 | ) | $ | (4,392 | ) | $ | 260 | $ | 6,064 | $ | (4,392 | ) | ||||
| Condensed Consolidating Statements of Operations | |||||||||||||||||
| and Comprehensive (Loss) Income | |||||||||||||||||
| For The Nine Months Ended September 30, 2013 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Total revenue | $ | — | $ | 377,015 | $ | 2,399 | $ | (239 | ) | $ | 379,175 | ||||||
| Direct operating expenses | — | 215,305 | 31 | — | 215,336 | ||||||||||||
| Selling, general and administrative expenses | — | 41,411 | 587 | — | 41,998 | ||||||||||||
| Depreciation expense | — | 52,621 | 503 | — | 53,124 | ||||||||||||
| Provision for doubtful accounts | — | 8,434 | — | — | 8,434 | ||||||||||||
| Impairment of leasing equipment | — | 3,629 | — | — | 3,629 | ||||||||||||
| Loss on retirement of debt | — | 901 | — | — | 901 | ||||||||||||
| Interest expense | 24,750 | 68,334 | 249 | (24,997 | ) | 68,336 | |||||||||||
| Interest income | (24,750 | ) | (294 | ) | — | 24,758 | (286 | ) | |||||||||
| Equity in earnings of subsidiary | 7,992 | (696 | ) | — | (7,296 | ) | — | ||||||||||
| Other income, net | — | (1,891 | ) | (5 | ) | — | (1,896 | ) | |||||||||
| Total expenses | 7,992 | 387,754 | 1,365 | (7,535 | ) | 389,576 | |||||||||||
| (Loss) income before (benefit) provision for income taxes | (7,992 | ) | (10,739 | ) | 1,034 | 7,296 | (10,401 | ) | |||||||||
| (Benefit) provision for income taxes | — | (2,747 | ) | 338 | — | (2,409 | ) | ||||||||||
| Net (loss) income | (7,992 | ) | (7,992 | ) | 696 | 7,296 | (7,992 | ) | |||||||||
| Unrealized gain on derivative instruments, net of tax of ($1,074) | — | 1,662 | — | — | 1,662 | ||||||||||||
| Derivative loss reclassified into earnings, net of tax of ($5,962) | — | 9,218 | — | — | 9,218 | ||||||||||||
| Foreign currency translation loss, net of tax of $182 | — | (283 | ) | — | — | (283 | ) | ||||||||||
| Total other comprehensive income | — | 10,597 | — | — | 10,597 | ||||||||||||
| Total comprehensive (loss) income | $ | (7,992 | ) | $ | 2,605 | $ | 696 | $ | 7,296 | $ | 2,605 | ||||||
| Condensed Consolidating Statement of Cash Flows | ' | ||||||||||||||||
| Condensed Consolidating Statements of Cash Flows | |||||||||||||||||
| For The Nine Months Ended September 30, 2014 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Net cash provided by operating activities | $ | — | $ | 81,634 | $ | 1,149 | $ | 1,273 | $ | 84,056 | |||||||
| Investing activities: | |||||||||||||||||
| Proceeds from sale of leasing equipment | — | 7,594 | — | — | 7,594 | ||||||||||||
| Collections on net investment in direct finance leases, net of interest earned | — | 4,859 | — | (1,273 | ) | 3,586 | |||||||||||
| Purchase of leasing equipment | — | (114,041 | ) | — | — | (114,041 | ) | ||||||||||
| Purchase of fixed assets | — | (2,163 | ) | — | — | (2,163 | ) | ||||||||||
| Net cash used in investing activities | — | (103,751 | ) | — | (1,273 | ) | (105,024 | ) | |||||||||
| Financing activities: | |||||||||||||||||
| Proceeds from long-term debt | — | 119,000 | — | — | 119,000 | ||||||||||||
| Repayments of long-term debt | — | (101,529 | ) | — | — | (101,529 | ) | ||||||||||
| Cash paid for debt issuance fees | — | (2,069 | ) | — | — | (2,069 | ) | ||||||||||
| Repurchase of indirect parent shares from employees | — | (630 | ) | — | — | (630 | ) | ||||||||||
| Net cash provided by financing activities | — | 14,772 | — | — | 14,772 | ||||||||||||
| Effect of changes in exchange rates on cash and cash equivalents | — | (316 | ) | — | — | (316 | ) | ||||||||||
| Net (decrease) increase in cash and cash equivalents | — | (7,661 | ) | 1,149 | — | (6,512 | ) | ||||||||||
| Cash and cash equivalents, beginning of period | — | 11,308 | 535 | — | 11,843 | ||||||||||||
| Cash and cash equivalents, end of period | $ | — | $ | 3,647 | $ | 1,684 | $ | — | $ | 5,331 | |||||||
| Condensed Consolidating Statements of Cash Flows | |||||||||||||||||
| For The Nine Months Ended September 30, 2013 | |||||||||||||||||
| Company | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||
| Parent | Subsidiaries | Subsidiaries | |||||||||||||||
| Net cash provided by operating activities | $ | — | $ | 30,164 | $ | 33 | $ | 1,630 | $ | 31,827 | |||||||
| Investing activities: | |||||||||||||||||
| Proceeds from sale of leasing equipment | — | 5,961 | — | — | 5,961 | ||||||||||||
| Collections on net investment in direct finance leases, net of interest earned | — | 5,892 | — | (1,630 | ) | 4,262 | |||||||||||
| Purchase of leasing equipment | — | (131,509 | ) | — | — | (131,509 | ) | ||||||||||
| Purchase of fixed assets | — | (3,617 | ) | — | — | (3,617 | ) | ||||||||||
| Net cash used in investing activities | — | (123,273 | ) | — | (1,630 | ) | (124,903 | ) | |||||||||
| Financing activities: | |||||||||||||||||
| Proceeds from long-term debt | — | 142,000 | — | — | 142,000 | ||||||||||||
| Repayments of long-term debt | — | (63,506 | ) | — | — | (63,506 | ) | ||||||||||
| Cash paid for debt issuance fees | — | (2,267 | ) | — | — | (2,267 | ) | ||||||||||
| Repurchase of shares from employees | — | (509 | ) | — | — | (509 | ) | ||||||||||
| Net cash provided by financing activities | — | 75,718 | — | — | 75,718 | ||||||||||||
| Effect of changes in exchange rates on cash and cash equivalents | — | (265 | ) | — | — | (265 | ) | ||||||||||
| Net (decrease) increase in cash and cash equivalents | — | (17,656 | ) | 33 | — | (17,623 | ) | ||||||||||
| Cash and cash equivalents, beginning of period | — | 25,837 | 719 | — | 26,556 | ||||||||||||
| Cash and cash equivalents, end of period | $ | — | $ | 8,181 | $ | 752 | $ | — | $ | 8,933 | |||||||
Description_of_the_Business_an1
| Description of the Business and Basis of Presentation (Details) | 9 Months Ended |
| Sep. 30, 2014 | |
| segment | |
| item | |
| Description of the business and basis of presentation | ' |
| Number of industries in which the entity and its subsidiaries conduct business | 1 |
| Number of reportable segments | 2 |
| Interpool | ' |
| Description of the business and basis of presentation | ' |
| Percentage ownership of subsidiaries | 100.00% |
Leasing_Activity_Details
| Leasing Activity (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
| In Thousands, unless otherwise specified | |||
| Future minimum lease revenue | ' | ' | ' |
| 2014 | $26,876 | ' | ' |
| 2015 | 75,067 | ' | ' |
| 2016 | 44,421 | ' | ' |
| 2017 | 30,966 | ' | ' |
| 2018 | 3,230 | ' | ' |
| Thereafter | 2,467 | ' | ' |
| Total | 183,027 | ' | ' |
| Total Lease Receivables | ' | ' | ' |
| 2014 | 2,410 | ' | ' |
| 2015 | 4,828 | ' | ' |
| 2016 | 3,921 | ' | ' |
| 2017 | 10,385 | ' | ' |
| 2018 | 107 | ' | ' |
| Thereafter | 71 | ' | ' |
| Total | 21,722 | 31,655 | ' |
| Unearned Lease Income | ' | ' | ' |
| 2014 | 468 | ' | ' |
| 2015 | 1,512 | ' | ' |
| 2016 | 1,155 | ' | ' |
| 2017 | 420 | ' | ' |
| 2018 | 23 | ' | ' |
| Thereafter | 51 | ' | ' |
| Total | 3,629 | 6,629 | ' |
| Net Lease Receivables | ' | ' | ' |
| 2014 | 1,942 | ' | ' |
| 2015 | 3,316 | ' | ' |
| 2016 | 2,766 | ' | ' |
| 2017 | 9,965 | ' | ' |
| 2018 | 84 | ' | ' |
| Thereafter | 20 | ' | ' |
| Total | 18,093 | 25,026 | 26,915 |
| Guaranteed and unguaranteed residual values | $9,728 | $11,923 | ' |
Leasing_Equipment_Details
| Leasing Equipment (Details) (USD $) | 3 Months Ended | 9 Months Ended | 6 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 |
| Domestic Chassis [Member] | Domestic Chassis [Member] | Marine Chassis [Member] | Service Life [Member] | Service Life [Member] | Acquisitions of Equipment Via Purchase | Disposals of Equipment Via Sale | ||||||
| Scenario, Previously Reported [Member] | Domestic Chassis [Member] | Domestic Chassis [Member] | item | Counterparty | ||||||||
| item | ||||||||||||
| Leasing equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Total leasing equipment | $1,813,533 | ' | $1,813,533 | ' | $1,759,517 | ' | ' | ' | ' | ' | ' | ' |
| Less accumulated depreciation | -386,515 | ' | -386,515 | ' | -365,429 | ' | ' | ' | ' | ' | ' | ' |
| Leasing equipment, net of accumulated depreciation | 1,427,018 | 1,409,056 | 1,427,018 | 1,409,056 | 1,394,088 | ' | ' | ' | ' | ' | ' | ' |
| Estimated useful life | ' | ' | ' | ' | ' | '20 years | '17 years 6 months | '22 years 6 months | ' | ' | ' | ' |
| Depreciation expense | 18,942 | 18,161 | 54,219 | 53,124 | ' | ' | ' | ' | -1,300 | -2,631 | ' | ' |
| Net income (loss) | 6,162 | -6,324 | -10,109 | -7,992 | ' | ' | ' | ' | 1,300 | 2,631 | ' | ' |
| Impact of change in useful life on depreciation expense, remainder of fiscal year | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,300 | ' | ' |
| Impact of change in useful life on net income (loss), remainder of fiscal year | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,300 | ' | ' |
| Impact of change in useful life on depreciation expense, annually after the current fiscal year | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,200 | ' | ' |
| Impact of change in useful life on net income (loss), annually after the current fiscal year | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,200 | ' | ' |
| Assets recorded under capital leases | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Leasing equipment under capital leases | 225,597 | ' | 225,597 | ' | 253,639 | ' | ' | ' | ' | ' | ' | ' |
| Accumulated depreciation under capital leases | 60,841 | ' | 60,841 | ' | 59,424 | ' | ' | ' | ' | ' | ' | ' |
| Leasing equipment purchases and sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Number of units purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,319 | ' |
| Number of units sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,139 |
| Number of counterparties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 |
| Aggregate price of significant acquisition or disposal transactions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($99,453) | $6,481 |
Leasing_Equipment_Impairment_D
| Leasing Equipment, Impairment (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Impairment of Leasing Equipment | ' | ' | ' | ' |
| Impairment of leasing equipment | $932 | $1,065 | $3,249 | $3,629 |
Leasing_Equipment_Retirement_D
| Leasing Equipment, Retirement (Details) (USD $) | 3 Months Ended | 9 Months Ended |
| In Thousands, unless otherwise specified | Jun. 30, 2014 | Sep. 30, 2014 |
| Early Retirement of Leasing Equipment | ' | ' |
| Early retirement of leasing equipment | $37,766 | $37,766 |
| Chassis Identified for Retirement [Member] | ' | ' |
| Early Retirement of Leasing Equipment | ' | ' |
| Number identified for retirement | 11,000 | ' |
| Early retirement of leasing equipment | 14,766 | ' |
| Axles Identified for Retirement [Member] | ' | ' |
| Early Retirement of Leasing Equipment | ' | ' |
| Number identified for retirement | 9,000 | ' |
| Early retirement of leasing equipment | $23,000 | ' |
Borrowings_Details
| Borrowings (Details) (USD $) | 9 Months Ended | 12 Months Ended | 1 Months Ended | 0 Months Ended | 0 Months Ended | 9 Months Ended | ||||||||||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Apr. 15, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Apr. 14, 2014 | Sep. 30, 2014 |
| Senior Secured 11% Notes | Senior Secured 11% Notes | Senior Secured 11% Notes | Loans Payable CIMC | Loans Payable CIMC | Capital lease obligations | Capital lease obligations | Capital lease obligations | Senior secured credit agreement | Senior secured credit agreement | Senior secured credit agreement | Senior secured credit agreement | Senior secured credit agreement | ||||
| ABL Facility | ABL Facility | ABL Facility | ABL Facility | ABL Facility | ||||||||||||
| LIBOR | LIBOR | |||||||||||||||
| Borrowings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Total debt and capital lease obligations | $1,181,826 | ' | $1,164,137 | $300,000 | ' | $300,000 | $17,542 | $19,278 | ' | $110,284 | $131,859 | ' | $754,000 | $713,000 | ' | ' |
| Less current maturities | -35,644 | ' | -34,029 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Long-term debt, less current maturities | 1,146,182 | ' | 1,130,108 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Interest rate (as a percent) | ' | ' | ' | ' | 11.00% | 11.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Weighted average interest rate (as a percent) | 0.06% | 0.06% | 0.06% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Exercise of purchase options from maturing capital leases | ' | ' | ' | ' | ' | ' | ' | ' | 7,039 | ' | ' | ' | ' | ' | ' | ' |
| Interest rate added to variable rate basis (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.75% | 2.25% |
| Increase in borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,000 | ' | ' | ' | ' |
| Maximum borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,030,000 | ' | ' | ' |
| Fees related to debt instrument | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,880 | ' | ' | ' | ' |
Derivatives_and_Hedging_Activi2
| Derivatives and Hedging Activities (Details) (Interest rate swap, USD $) | Jan. 10, 2013 | Sep. 30, 2014 |
| In Thousands, unless otherwise specified | LIBOR | |
| Derivative and Hedging Activities | ' | ' |
| Variable rate debt hedged | $300,000 | ' |
| Fixed interest rate payable (as a percent) | 0.76% | ' |
| Maturity of reference rate for variable interest | ' | '1 month |
| One month LIBOR interest rate (as a percent) | ' | 0.16% |
Derivatives_and_Hedging_Activi3
| Derivatives and Hedging Activities (Details 2) (Interest rate swap, USD $) | 9 Months Ended | 12 Months Ended | |
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | Jan. 10, 2013 |
| Derivative and Hedging Activities | ' | ' | ' |
| Notional Amount | $300,000 | $300,000 | ' |
| Fixed Leg Interest Rate (as a percent) | ' | ' | 0.76% |
| Weighted-Average Fixed Leg Interest Rate (as a percent) | 0.76% | 0.76% | ' |
| Weighted-Average Remaining Term | '2 years 9 months 11 days | '3 years 6 months 11 days | ' |
| LIBOR | ' | ' | ' |
| Derivative and Hedging Activities | ' | ' | ' |
| Floating Rate, maturity | '1 month | ' | ' |
| Designated as hedge | Cash flow hedge | ' | ' | ' |
| Derivative and Hedging Activities | ' | ' | ' |
| Notional Amount | 300,000 | ' | ' |
| Floating Rate, maturity | '1 month | ' | ' |
| Fixed Leg Interest Rate (as a percent) | 0.76% | ' | ' |
| Designated as hedge | Cash flow hedge | Other Assets | ' | ' | ' |
| Derivative and Hedging Activities | ' | ' | ' |
| Fair Value Gain | $3,136 | ' | ' |
Derivatives_and_Hedging_Activi4
| Derivatives and Hedging Activities (Details 3) (Interest rate swap, Designated as hedge, Cash flow hedge, USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Net of tax effect of cash flow hedge derivative instruments | ' | ' | ' | ' |
| Change in Unrealized Loss Recognized in OCI on Derivatives, Effective Portion | $591 | ($1,373) | ($1,037) | $989 |
| Interest expense | ' | ' | ' | ' |
| Net of tax effect of cash flow hedge derivative instruments | ' | ' | ' | ' |
| Loss Reclassified from OCI into Income, Effective Portion | 2,749 | 3,255 | 8,751 | 9,891 |
| (Gain) Loss Recognized Directly in Income on Derivative, Ineffective Portion | -22 | -20 | -63 | -60 |
| Net settlements of interest rate derivatives, net of tax | 280 | 260 | 830 | 673 |
| Net settlements of interest rate derivatives, tax | -182 | -168 | -540 | -435 |
| Amortization of terminated derivatives, net of tax | 2,469 | 2,995 | 7,921 | 9,218 |
| Amortization of terminated derivatives, tax | ($1,604) | ($1,937) | ($5,147) | ($5,962) |
Derivatives_and_Hedging_Activi5
| Derivatives and Hedging Activities (Details 4) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | |||||||||||||||||||||||||||||||||||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Jan. 10, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 |
| Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | Interest rate swap | ||
| Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | Designated as hedge | |||
| Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | Cash flow hedge | |||
| Terminated derivative at fixed rate of 5.299%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 5.299%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 5.299%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 5.299%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 5.307%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 5.307%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 5.307%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 5.307%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 5.58%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 5.58%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 5.58%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 5.58%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 5.512%, original maturity of Oct-2014, one | Terminated derivative at fixed rate of 5.512%, original maturity of Oct-2014, one | Terminated derivative at fixed rate of 5.512%, original maturity of Oct-2014, one | Terminated derivative at fixed rate of 5.512%, original maturity of Oct-2014, one | Terminated derivative at fixed rate of 5.512%, original maturity of Oct-2014, two | Terminated derivative at fixed rate of 5.512%, original maturity of Oct-2014, two | Terminated derivative at fixed rate of 5.512%, original maturity of Oct-2014, two | Terminated derivative at fixed rate of 5.512%, original maturity of Oct-2014, two | Terminated derivative at fixed rate of 5.436%, original maturity of Oct-2017, one | Terminated derivative at fixed rate of 5.436%, original maturity of Oct-2017, two | Terminated derivative at fixed rate of 4.605%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 4.605%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 4.605%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 4.605%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 4.743%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.743%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.743%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.743%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.305%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 4.305%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 4.305%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 4.305%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 4.365%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 4.365%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 4.365%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 4.365%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 5.526%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 5.526%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 5.526%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 5.526%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 3.989%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 3.989%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 3.989%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 3.989%, original maturity of Oct-2017 | Terminated derivative at fixed rate of 4.033%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 4.033%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 4.033%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 4.033%, original maturity of Jul-2017 | Terminated derivative at fixed rate of 4.328%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 4.328%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 4.328%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 4.328%, original maturity of Jul-2014 | Terminated derivative at fixed rate of 4.147%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.147%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.147%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.147%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.000%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.000%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.000%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 4.000%, original maturity of Oct-2014 | Terminated derivative at fixed rate of 5.174%, original maturity of Oct-2017 | |||||||
| Deferred (gains) and losses for the terminated interest rate derivatives and the related amortization into interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Original Maximum Notional Amount | ' | ' | ' | ' | ' | ' | $60,852 | ' | $60,852 | ' | $200,000 | ' | $200,000 | ' | $163,333 | ' | $163,333 | ' | $150,000 | ' | $150,000 | ' | $150,000 | ' | $150,000 | ' | $480,088 | $480,088 | $163,333 | ' | $163,333 | ' | $332,525 | ' | $332,525 | ' | $58,238 | ' | $58,238 | ' | $193,333 | ' | $193,333 | ' | $37,000 | ' | $37,000 | ' | $53,286 | ' | $53,286 | ' | $181,667 | ' | $181,667 | ' | $43,333 | ' | $43,333 | ' | $211,567 | ' | $211,567 | ' | $150,000 | ' | $150,000 | ' | $427,407 |
| Fixed Rate % | ' | 0.76% | 0.76% | ' | 0.76% | ' | 5.30% | ' | 5.30% | ' | 5.31% | ' | 5.31% | ' | 5.58% | ' | 5.58% | ' | 5.51% | ' | 5.51% | ' | 5.51% | ' | 5.51% | ' | 5.44% | 5.44% | 4.61% | ' | 4.61% | ' | 4.74% | ' | 4.74% | ' | 4.31% | ' | 4.31% | ' | 4.37% | ' | 4.37% | ' | 5.53% | ' | 5.53% | ' | 3.99% | ' | 3.99% | ' | 4.03% | ' | 4.03% | ' | 4.33% | ' | 4.33% | ' | 4.15% | ' | 4.15% | ' | 4.00% | ' | 4.00% | ' | 5.17% |
| Deferred Loss Upon Termination | ' | ' | 127,529 | ' | 127,529 | ' | 1,853 | ' | 1,853 | ' | 6,412 | ' | 6,412 | ' | 3,773 | ' | 3,773 | ' | 1,711 | ' | 1,711 | ' | 3,498 | ' | 3,498 | ' | 1,711 | 1,526 | 2,082 | ' | 2,082 | ' | 7,641 | ' | 7,641 | ' | 862 | ' | 862 | ' | 3,265 | ' | 3,265 | ' | 3,122 | ' | 3,122 | ' | 2,048 | ' | 2,048 | ' | 8,538 | ' | 8,538 | ' | 11,033 | ' | 11,033 | ' | 17,002 | ' | 17,002 | ' | 5,080 | ' | 5,080 | ' | 46,372 |
| Un-amortized Deferred (Gain) or Loss | ' | ' | 53,300 | ' | 53,300 | ' | -7 | ' | -7 | ' | -18 | ' | -18 | ' | ' | ' | ' | ' | 4 | ' | 4 | ' | 12 | ' | 12 | ' | 1,711 | 1,526 | ' | ' | ' | ' | -36 | ' | -36 | ' | -118 | ' | -118 | ' | -402 | ' | -402 | ' | ' | ' | ' | ' | 637 | ' | 637 | ' | 2,448 | ' | 2,448 | ' | ' | ' | ' | ' | 970 | ' | 970 | ' | 201 | ' | 201 | ' | 46,372 |
| Amount of Deferred (Gain) Loss Amortized (including Accelerated Amortization) into Interest Expense | ' | ' | 4,073 | 4,932 | 13,068 | 15,180 | 2 | 6 | 9 | 27 | 9 | 31 | 40 | 116 | 26 | 103 | 200 | 317 | 13 | 16 | 40 | 49 | 39 | 61 | 127 | 183 | ' | ' | -30 | -27 | -166 | -41 | -78 | 18 | -131 | 103 | -16 | -14 | -46 | -42 | -63 | -55 | -185 | -150 | 44 | 190 | 335 | 640 | 112 | 159 | 367 | 531 | 507 | 711 | 1,674 | 2,278 | 499 | 1,390 | 3,437 | 4,041 | 2,417 | 1,779 | 5,608 | 5,473 | 592 | 564 | 1,759 | 1,655 | ' |
| Amount of Deferred (Gain) Loss Expected to be Amortized over the Next 12 Months | ' | ' | 20,730 | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | 12 | ' | ' | ' | 653 | 676 | ' | ' | ' | ' | -36 | ' | ' | ' | -59 | ' | ' | ' | -224 | ' | ' | ' | ' | ' | ' | ' | 362 | ' | ' | ' | 1,530 | ' | ' | ' | ' | ' | ' | ' | 970 | ' | ' | ' | 201 | ' | ' | ' | 16,638 |
| Net interest settlements on active interest rate derivatives expected to be amortized over the next 12 months, net of tax | 941 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Net interest settlements on active interest rate derivatives expected to be amortized over the next 12 months, tax | 611 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Deferred losses on the Company's terminated derivatives expected to be amortized over the next twelve months, net of tax | 12,564 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Deferred losses on the Company's terminated derivatives expected to be amortized over the next twelve months, tax | $8,166 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_and_Contingencies_
| Commitments and Contingencies (Details) (USD $) | Sep. 30, 2014 |
| In Thousands, unless otherwise specified | |
| Lease Commitments | ' |
| Minimum rental commitment under operating leases | $37,434 |
| Leasing equipment | ' |
| Purchase Commitments | ' |
| Commitments for capital expenditures for leasing equipment | 29,567 |
| Capital expenditure commitment in 2014 | 23,026 |
| Capital expenditure commitment in 2015 | $6,541 |
Commitments_and_Contingencies_1
| Commitments and Contingencies, College Road East (Details) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | |||
| In Thousands, unless otherwise specified | Aug. 01, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Aug. 01, 2014 | Aug. 01, 2014 | Aug. 01, 2014 | Aug. 01, 2014 |
| College Road East 211 [Member] | Depreciation Expense [Member] | Depreciation Expense [Member] | Office Space Operating Lease [Member] | Office Space Operating Lease [Member] | Office Space Operating Lease [Member] | Office Space Operating Lease [Member] | |
| Scenario, Forecast [Member] | College Road East 211 [Member] | College Road East 211 [Member] | item | College Road East 750 [Member] | College Road East 750 [Member] | Maximum | |
| item | sqft | College Road East 750 [Member] | |||||
| sqft | |||||||
| Lease commitments | ' | ' | ' | ' | ' | ' | ' |
| Area of office space leased | ' | ' | ' | ' | ' | 82,283 | ' |
| Lease term | ' | ' | ' | ' | '10 years 9 months | ' | ' |
| Number of lease renewal options | ' | ' | ' | ' | 2 | ' | ' |
| Term of renewal options | ' | ' | ' | ' | '5 years | ' | ' |
| Number of existing headquarters locations | ' | ' | ' | 2 | ' | ' | ' |
| Number of proposed headquarters locations | ' | ' | ' | 1 | ' | ' | ' |
| Tax credits in connection with lease | ' | ' | ' | ' | ' | ' | $9,800 |
| Tax credit period | ' | ' | ' | ' | ' | '10 years | ' |
| Agreed sale price of corporate office building | 2,300 | ' | ' | ' | ' | ' | ' |
| Reduction of carrying value to net realizable value | ' | $1,356 | $1,356 | ' | ' | ' | ' |
Income_Taxes_Details
| Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Income Taxes | ' | ' | ' | ' | ' |
| Provision (benefit) for income taxes | $896 | ' | ($1,273) | ($7,290) | ($2,409) |
| Effective tax rate (as a percent) | 12.70% | ' | 16.80% | 41.90% | 23.20% |
| U.S. federal tax rate (as a percent) | ' | ' | ' | 35.00% | ' |
| Charge for the early retirement of leasing equipment | ' | $37,766 | ' | $37,766 | ' |
Accumulated_Other_Comprehensiv2
| Accumulated Other Comprehensive Loss (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Changes in accumulated other comprehensive (loss) by component: | ' | ' | ' | ' |
| Balance at the beginning of the period | ' | ' | ($38,348) | ' |
| Current-period other comprehensive (loss) income | 3,128 | 1,932 | 7,441 | 10,597 |
| Balance at the end of the period | -30,907 | ' | -30,907 | ' |
| Unrealized Gain (Loss) on Derivative Instruments | ' | ' | ' | ' |
| Changes in accumulated other comprehensive (loss) by component: | ' | ' | ' | ' |
| Balance at the beginning of the period | ' | ' | 2,020 | ' |
| Current-period other comprehensive (loss) income | ' | ' | -207 | ' |
| Balance at the end of the period | 1,813 | ' | 1,813 | ' |
| Net Derivative Loss to be Reclassified into Earnings | ' | ' | ' | ' |
| Changes in accumulated other comprehensive (loss) by component: | ' | ' | ' | ' |
| Balance at the beginning of the period | ' | ' | -40,226 | ' |
| Current-period other comprehensive (loss) income | ' | ' | 7,921 | ' |
| Balance at the end of the period | -32,305 | ' | -32,305 | ' |
| Foreign Currency Translation | ' | ' | ' | ' |
| Changes in accumulated other comprehensive (loss) by component: | ' | ' | ' | ' |
| Balance at the beginning of the period | ' | ' | -142 | ' |
| Current-period other comprehensive (loss) income | ' | ' | -273 | ' |
| Balance at the end of the period | ($415) | ' | ($415) | ' |
Accumulated_Other_Comprehensiv3
| Accumulated Other Comprehensive Loss (Details 2) (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Income Statement Totals | ' | ' | ' | ' |
| Interest expense | $21,079 | $22,926 | $64,670 | $68,336 |
| Benefit for income taxes | 896 | -1,273 | -7,290 | -2,409 |
| Net loss reclassified out of AOCI | -6,162 | 6,324 | 10,109 | 7,992 |
| AOCI reclassifications | Net Derivative Loss to be Reclassified into Earnings | ' | ' | ' | ' |
| Income Statement Totals | ' | ' | ' | ' |
| Interest expense | 4,073 | 4,932 | 13,068 | 15,180 |
| Benefit for income taxes | -1,604 | -1,937 | -5,147 | -5,962 |
| Net loss reclassified out of AOCI | $2,469 | $2,995 | $7,921 | $9,218 |
ShareBased_Payment_Details
| Share-Based Payment (Details) (Restricted shares, SCT Chassis, Inc., USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Restricted shares | SCT Chassis, Inc. | ' | ' | ' | ' |
| Shares | ' | ' | ' | ' |
| Non-vested at the beginning of the period (in shares) | ' | ' | 352,443 | ' |
| Forfeited (in shares) | ' | ' | -10,000 | ' |
| Vested (in shares) | ' | ' | -152,226 | ' |
| Non-vested at the end of the period (in shares) | 190,217 | ' | 190,217 | ' |
| Weighted-Average Grant Date Fair Value per share | ' | ' | ' | ' |
| Non-vested at the beginning of the period (in dollars per share) | ' | ' | $6.61 | ' |
| Forfeited (in dollars per share) | ' | ' | $6.17 | ' |
| Vested (in dollars per share) | ' | ' | $6.54 | ' |
| Non-vested at the end of the period (in dollars per share) | $6.68 | ' | $6.68 | ' |
| Fair Value of Shares at Grant Date | ' | ' | ' | ' |
| Non-vested at the beginning of the period (in dollars) | ' | ' | $2,328 | ' |
| Forfeited (in dollars) | ' | ' | -62 | ' |
| Vested (in dollars) | ' | ' | -996 | ' |
| Non-vested at the end of the period (in dollars) | 1,270 | ' | 1,270 | ' |
| Share-based payments, additional information | ' | ' | ' | ' |
| Share-based compensation expense | 218 | 340 | 654 | 873 |
| Unrecognized compensation expense | 651 | ' | 651 | ' |
| Remaining weighted-average vesting period over which the total unrecognized compensation cost is expected to be recognized | ' | ' | '1 year | ' |
| Additional grants (in shares) | 1,176,954 | ' | 1,176,954 | ' |
| Share-based compensation expense recorded related to shares to be granted on achievement of certain conditions | $0 | ' | $0 | ' |
ShareBased_Payment_Share_Repur
| Share-Based Payment, Share Repurchases (Details) (SCT Chassis, Inc., Interpool, USD $) | 9 Months Ended |
| In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 |
| SCT Chassis, Inc. | Interpool | ' |
| Share repurchases | ' |
| Number of shares repurchased | 69,876 |
| Cost of shares repurchased | $630 |
Segment_and_Geographic_Informa2
| Segment and Geographic Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
| segment | |||||
| Segment and Geographic Information | ' | ' | ' | ' | ' |
| Number of operating and reportable segments | ' | ' | 2 | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | $167,097 | $134,244 | $459,175 | $379,175 | ' |
| Adjusted EBITDA | 49,285 | 36,381 | 146,112 | 118,542 | ' |
| Depreciation expense | 18,942 | 18,161 | 54,219 | 53,124 | ' |
| Net investment in direct finance leases | 18,093 | 26,915 | 18,093 | 26,915 | 25,026 |
| Leasing equipment | 1,427,018 | 1,409,056 | 1,427,018 | 1,409,056 | 1,394,088 |
| Capital expenditures for long-lived assets | 19,293 | 44,061 | 116,204 | 135,126 | ' |
| Term revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 13,971 | 14,847 | 42,663 | 50,216 | ' |
| Pool revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 144,873 | 110,641 | 387,264 | 294,786 | ' |
| All other revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 8,253 | 8,756 | 29,248 | 34,173 | ' |
| Operating segments | Marine Market segment | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 120,162 | 92,153 | 323,278 | 254,276 | ' |
| Adjusted EBITDA | 32,806 | 21,430 | 93,869 | 70,807 | ' |
| Depreciation expense | 9,863 | 8,685 | 28,139 | 25,165 | ' |
| Net investment in direct finance leases | 17,969 | 26,741 | 17,969 | 26,741 | ' |
| Leasing equipment | 791,873 | 750,401 | 791,873 | 750,401 | ' |
| Capital expenditures for long-lived assets | 11,235 | 33,472 | 105,173 | 93,901 | ' |
| Operating segments | Marine Market segment | Term revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 9,896 | 10,332 | 29,416 | 36,562 | ' |
| Operating segments | Marine Market segment | Pool revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 106,151 | 76,451 | 275,990 | 196,546 | ' |
| Operating segments | Marine Market segment | All other revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 4,115 | 5,370 | 17,872 | 21,168 | ' |
| Operating segments | Domestic Market segment | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 44,812 | 40,325 | 131,633 | 116,667 | ' |
| Adjusted EBITDA | 23,581 | 19,257 | 72,549 | 56,732 | ' |
| Depreciation expense | 6,289 | 7,712 | 20,215 | 22,853 | ' |
| Net investment in direct finance leases | 124 | 174 | 124 | 174 | ' |
| Leasing equipment | 474,498 | 481,930 | 474,498 | 481,930 | ' |
| Capital expenditures for long-lived assets | 6,919 | 9,312 | 8,868 | 37,610 | ' |
| Operating segments | Domestic Market segment | Term revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 4,075 | 4,515 | 13,247 | 13,654 | ' |
| Operating segments | Domestic Market segment | Pool revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 38,722 | 34,190 | 111,274 | 98,240 | ' |
| Operating segments | Domestic Market segment | All other revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 2,015 | 1,620 | 7,112 | 4,773 | ' |
| Other | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | 2,123 | 1,766 | 4,264 | 8,232 | ' |
| Adjusted EBITDA | -7,102 | -4,306 | -20,306 | -8,997 | ' |
| Depreciation expense | 2,790 | 1,764 | 5,865 | 5,106 | ' |
| Leasing equipment | 160,647 | 176,725 | 160,647 | 176,725 | ' |
| Capital expenditures for long-lived assets | 1,139 | 1,277 | 2,163 | 3,615 | ' |
| Other | All other revenue | ' | ' | ' | ' | ' |
| Segment information | ' | ' | ' | ' | ' |
| Total revenues | $2,123 | $1,766 | $4,264 | $8,232 | ' |
Segment_and_Geographic_Informa3
| Segment and Geographic Information (Details 2) (USD $) | 3 Months Ended | 9 Months Ended | |||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Reconciliations of the total measure of profit or loss to the Company's net income (loss) | ' | ' | ' | ' | ' |
| Adjusted EBITDA | $49,285 | ' | $36,381 | $146,112 | $118,542 |
| Principal collections on direct finance leases, net of interest earned | -1,227 | ' | -1,401 | -3,586 | -4,262 |
| Non-cash share-based compensation | -218 | ' | -340 | -654 | -873 |
| Interest expense | -21,079 | ' | -22,926 | -64,670 | -68,336 |
| Depreciation expense | -18,942 | ' | -18,161 | -54,219 | -53,124 |
| Impairment of leasing equipment | -932 | ' | -1,065 | -3,249 | -3,629 |
| Early retirement of leasing equipment | ' | -37,766 | ' | -37,766 | ' |
| Loss on modification and extinguishment of debt and capital lease obligations | ' | ' | -6 | -102 | -901 |
| Other income (expense), net | 166 | ' | -94 | 683 | 1,896 |
| Interest income | 5 | ' | 15 | 52 | 286 |
| Income (loss) before provision (benefit) for income taxes | 7,058 | ' | -7,597 | -17,399 | -10,401 |
| Provision (benefit) for income taxes | 896 | ' | -1,273 | -7,290 | -2,409 |
| Net income (loss) | $6,162 | ' | ($6,324) | ($10,109) | ($7,992) |
Related_Party_Transactions_Det
| Related Party Transactions (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
| Seacastle Inc. | ' | ' | ' | ' | ' |
| Related party transactions | ' | ' | ' | ' | ' |
| Management fees charged to related party | $29 | $74 | $78 | $222 | ' |
| Net receivable from affiliates | 757 | ' | 757 | ' | 1,823 |
| Florida East Coast Railway | ' | ' | ' | ' | ' |
| Related party transactions | ' | ' | ' | ' | ' |
| Revenue from related party | $431 | $239 | $1,208 | $653 | ' |
Fair_Value_of_Financial_Instru2
| Fair Value of Financial Instruments (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | Fair Value | Fair Value | Reported Value Measurement [Member] | Reported Value Measurement [Member] | Interest rate swap | Recurring | Recurring | Recurring | Recurring | Recurring | Recurring | ||
| Fair Value | Fair Value | Level 1 | Level 1 | Level 2 | Level 2 | ||||||||
| Assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | $5,331 | $11,843 | $5,331 | $11,843 | ' | ' |
| Derivative instruments | ' | ' | 3,136 | 3,414 | 3,136 | 3,414 | ' | 3,136 | 3,414 | ' | ' | 3,136 | 3,414 |
| Derivative instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Maximum percentage of principal amount of debt for optional redemption with equity offering proceeds | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' |
| Debt redemption price as percentage of principal amount, for optional redemption with equity offering proceeds | ' | ' | ' | ' | ' | ' | 111.00% | ' | ' | ' | ' | ' | ' |
| Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Variable interest rate debt | 475,051 | 436,162 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Fixed rate debt | 706,775 | 727,975 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Total debt and capital lease obligations | ($1,181,826) | ($1,164,137) | ($1,211,092) | ($1,205,298) | ($1,181,826) | ($1,164,137) | ' | ' | ' | ' | ' | ' | ' |
Guarantor_Financial_Informatio2
| Guarantor Financial Information (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jul. 05, 2013 | Aug. 09, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Aug. 09, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
| In Thousands, unless otherwise specified | Senior Secured 11% Notes | Senior Secured 11% Notes | Senior Secured 11% Notes | Senior Secured 11% Notes | Senior Secured 11% Notes | Eliminations | Eliminations | Guarantor Subsidiaries | Company Parent | Company Parent | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | ||||
| Unregistered Original Notes | Unregistered Original Notes | Reportable Legal Entities | Reportable Legal Entities | Reportable Legal Entities | Reportable Legal Entities | Reportable Legal Entities | Reportable Legal Entities | Reportable Legal Entities | Reportable Legal Entities | Reportable Legal Entities | Reportable Legal Entities | |||||||||||
| Condensed Consolidating Balance Sheet | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Total principal amount of the Original Notes sold | ' | ' | ' | ' | ' | ' | ' | ' | $300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Interest rate (as a percent) | ' | ' | ' | ' | ' | 11.00% | 11.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Percentage of principal amount of the outstanding Original Notes validly tendered under exchange offer | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Percentage ownership of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Cash and cash equivalents | 5,331 | 11,843 | 8,933 | 26,556 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,647 | 11,308 | 8,181 | 25,837 | 1,684 | 535 | 752 | 719 |
| Accounts receivable, net | 136,471 | 113,138 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 135,855 | 112,550 | ' | ' | 616 | 588 | ' | ' |
| Net investment in direct finance leases | 18,093 | 25,026 | 26,915 | ' | ' | ' | ' | ' | ' | -9,278 | -10,211 | ' | ' | ' | 27,371 | 35,237 | ' | ' | ' | ' | ' | ' |
| Leasing equipment, net of accumulated depreciation | 1,427,018 | 1,394,088 | 1,409,056 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,414,079 | 1,380,685 | ' | ' | 12,939 | 13,403 | ' | ' |
| Goodwill | 251,907 | 251,907 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 251,907 | 251,907 | ' | ' | ' | ' | ' | ' |
| Affiliate and intercompany receivable | 757 | 1,823 | ' | ' | ' | ' | ' | ' | ' | ' | -171 | ' | ' | ' | 757 | 1,994 | ' | ' | ' | ' | ' | ' |
| Intercompany interest receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,217 | -12,467 | ' | 4,217 | 12,467 | ' | ' | ' | ' | ' | ' | ' | ' |
| Intercompany note receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -300,000 | -300,000 | ' | 300,000 | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' |
| Investment in subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | -524,926 | -526,788 | ' | 521,023 | 523,658 | 3,903 | 3,130 | ' | ' | ' | ' | ' | ' |
| Other assets | 42,238 | 44,085 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41,917 | 43,073 | ' | ' | 321 | 1,012 | ' | ' |
| Total assets | 1,881,815 | 1,841,910 | ' | ' | ' | ' | ' | ' | ' | -838,421 | -849,637 | ' | 825,240 | 836,125 | 1,879,436 | 1,839,884 | ' | ' | 15,560 | 15,538 | ' | ' |
| Liabilities and member's interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Accounts payable, accrued expenses and other liabilities | 82,519 | 54,784 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,217 | 12,467 | 78,207 | 42,027 | ' | ' | 95 | 290 | ' | ' |
| Intercompany payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -171 | ' | ' | ' | ' | ' | ' | ' | ' | 171 | ' | ' |
| Intercompany note payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -300,000 | -300,000 | ' | ' | ' | 300,000 | 300,000 | ' | ' | ' | ' | ' | ' |
| Intercompany interest payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,217 | -12,467 | ' | ' | ' | 4,217 | 12,467 | ' | ' | ' | ' | ' | ' |
| Intercompany lease payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,278 | -10,211 | ' | ' | ' | ' | ' | ' | ' | 9,278 | 10,211 | ' | ' |
| Deferred income taxes, net | 96,447 | 99,331 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 94,163 | 97,595 | ' | ' | 2,284 | 1,736 | ' | ' |
| Debt and capital lease obligations | 1,181,826 | 1,164,137 | ' | ' | 300,000 | ' | 300,000 | ' | ' | ' | ' | ' | 300,000 | 300,000 | 881,826 | 864,137 | ' | ' | ' | ' | ' | ' |
| Total liabilities | 1,360,792 | 1,318,252 | ' | ' | ' | ' | ' | ' | ' | -313,495 | -322,849 | ' | 304,217 | 312,467 | 1,358,413 | 1,316,226 | ' | ' | 11,657 | 12,408 | ' | ' |
| Total member's interest | 521,023 | 523,658 | ' | ' | ' | ' | ' | ' | ' | -524,926 | -526,788 | ' | 521,023 | 523,658 | 521,023 | 523,658 | ' | ' | 3,903 | 3,130 | ' | ' |
| Total liabilities and member's interest | $1,881,815 | $1,841,910 | ' | ' | ' | ' | ' | ' | ' | ($838,421) | ($849,637) | ' | $825,240 | $836,125 | $1,879,436 | $1,839,884 | ' | ' | $15,560 | $15,538 | ' | ' |
Guarantor_Financial_Informatio3
| Guarantor Financial Information (Details 2) (USD $) | 3 Months Ended | 9 Months Ended | |||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Condensed Consolidating Statements of Operations and Comprehensive Income | ' | ' | ' | ' | ' |
| Total Revenue | $167,097 | ' | $134,244 | $459,175 | $379,175 |
| Direct operating expenses | 94,385 | ' | 81,140 | 244,201 | 215,336 |
| Selling, general and administrative expenses | 21,293 | ' | 14,737 | 62,406 | 41,998 |
| Depreciation expense | 18,942 | ' | 18,161 | 54,219 | 53,124 |
| Provision for doubtful accounts | 3,579 | ' | 3,727 | 10,696 | 8,434 |
| Impairment of leasing equipment | 932 | ' | 1,065 | 3,249 | 3,629 |
| Early retirement of leasing equipment | ' | 37,766 | ' | 37,766 | ' |
| Loss on modification and extinguishment of debt and capital lease obligations | ' | ' | 6 | 102 | 901 |
| Interest expense | 21,079 | ' | 22,926 | 64,670 | 68,336 |
| Interest income | -5 | ' | -15 | -52 | -286 |
| Other (income) expense, net | -166 | ' | 94 | -683 | -1,896 |
| Total expenses | 160,039 | ' | 141,841 | 476,574 | 389,576 |
| Income (loss) before provision (benefit) for income taxes | 7,058 | ' | -7,597 | -17,399 | -10,401 |
| Benefit for income taxes | 896 | ' | -1,273 | -7,290 | -2,409 |
| Net income (loss) | 6,162 | ' | -6,324 | -10,109 | -7,992 |
| Unrealized loss on derivative instruments, net of tax | 871 | ' | -1,113 | -207 | 1,662 |
| Derivative loss reclassified into earnings, net of tax | 2,469 | ' | 2,995 | 7,921 | 9,218 |
| Foreign currency translation loss, net of tax | -212 | ' | 50 | -273 | -283 |
| Total other comprehensive income, net of tax | 3,128 | ' | 1,932 | 7,441 | 10,597 |
| Total comprehensive income (loss) | 9,290 | ' | -4,392 | -2,668 | 2,605 |
| Consolidated Statements of Comprehensive Income (Parenthetical) | ' | ' | ' | ' | ' |
| Unrealized gain (loss) on derivative instruments, tax | -567 | ' | 721 | 134 | -1,074 |
| Derivative loss reclassified into earnings, tax | -1,604 | ' | -1,937 | -5,147 | -5,962 |
| Foreign currency translation, tax | 138 | ' | -39 | 173 | 182 |
| Eliminations | ' | ' | ' | ' | ' |
| Condensed Consolidating Statements of Operations and Comprehensive Income | ' | ' | ' | ' | ' |
| Total Revenue | -68 | ' | -77 | -210 | -239 |
| Interest expense | -8,318 | ' | -8,330 | -24,960 | -24,997 |
| Interest income | 8,250 | ' | 8,253 | 24,750 | 24,758 |
| Equity in earnings of subsidiary | 6,450 | ' | -6,064 | -9,337 | -7,296 |
| Total expenses | 6,382 | ' | -6,141 | -9,547 | -7,535 |
| Income (loss) before provision (benefit) for income taxes | -6,450 | ' | 6,064 | 9,337 | 7,296 |
| Net income (loss) | -6,450 | ' | 6,064 | 9,337 | 7,296 |
| Total comprehensive income (loss) | -6,450 | ' | 6,064 | 9,337 | 7,296 |
| Company Parent | Reportable Legal Entities | ' | ' | ' | ' | ' |
| Condensed Consolidating Statements of Operations and Comprehensive Income | ' | ' | ' | ' | ' |
| Interest expense | 8,250 | ' | 8,250 | 24,750 | 24,750 |
| Interest income | -8,250 | ' | -8,250 | -24,750 | -24,750 |
| Equity in earnings of subsidiary | -6,162 | ' | 6,324 | 10,109 | 7,992 |
| Total expenses | -6,162 | ' | 6,324 | 10,109 | 7,992 |
| Income (loss) before provision (benefit) for income taxes | 6,162 | ' | -6,324 | -10,109 | -7,992 |
| Net income (loss) | 6,162 | ' | -6,324 | -10,109 | -7,992 |
| Total comprehensive income (loss) | 6,162 | ' | -6,324 | -10,109 | -7,992 |
| Guarantor Subsidiaries | Reportable Legal Entities | ' | ' | ' | ' | ' |
| Condensed Consolidating Statements of Operations and Comprehensive Income | ' | ' | ' | ' | ' |
| Total Revenue | 166,358 | ' | 133,513 | 456,988 | 377,015 |
| Direct operating expenses | 94,376 | ' | 81,130 | 244,171 | 215,305 |
| Selling, general and administrative expenses | 21,145 | ' | 14,565 | 62,001 | 41,411 |
| Depreciation expense | 18,823 | ' | 17,995 | 53,765 | 52,621 |
| Provision for doubtful accounts | 3,579 | ' | 3,727 | 10,696 | 8,434 |
| Impairment of leasing equipment | 932 | ' | 1,065 | 3,249 | 3,629 |
| Early retirement of leasing equipment | ' | ' | ' | 37,766 | ' |
| Loss on modification and extinguishment of debt and capital lease obligations | ' | ' | 6 | 102 | 901 |
| Interest expense | 21,078 | ' | 22,926 | 64,668 | 68,334 |
| Interest income | -5 | ' | -18 | -52 | -294 |
| Equity in earnings of subsidiary | -288 | ' | -260 | -772 | -696 |
| Other (income) expense, net | -165 | ' | 94 | -683 | -1,891 |
| Total expenses | 159,475 | ' | 141,230 | 474,911 | 387,754 |
| Income (loss) before provision (benefit) for income taxes | 6,883 | ' | -7,717 | -17,923 | -10,739 |
| Benefit for income taxes | 721 | ' | -1,393 | -7,814 | -2,747 |
| Net income (loss) | 6,162 | ' | -6,324 | -10,109 | -7,992 |
| Unrealized loss on derivative instruments, net of tax | 871 | ' | -1,113 | -207 | 1,662 |
| Derivative loss reclassified into earnings, net of tax | 2,469 | ' | 2,995 | 7,921 | 9,218 |
| Foreign currency translation loss, net of tax | -212 | ' | 50 | -273 | -283 |
| Total other comprehensive income, net of tax | 3,128 | ' | 1,932 | 7,441 | 10,597 |
| Total comprehensive income (loss) | 9,290 | ' | -4,392 | -2,668 | 2,605 |
| Non-Guarantor Subsidiaries | Reportable Legal Entities | ' | ' | ' | ' | ' |
| Condensed Consolidating Statements of Operations and Comprehensive Income | ' | ' | ' | ' | ' |
| Total Revenue | 807 | ' | 808 | 2,397 | 2,399 |
| Direct operating expenses | 9 | ' | 10 | 30 | 31 |
| Selling, general and administrative expenses | 148 | ' | 172 | 405 | 587 |
| Depreciation expense | 119 | ' | 166 | 454 | 503 |
| Interest expense | 69 | ' | 80 | 212 | 249 |
| Other (income) expense, net | -1 | ' | ' | ' | -5 |
| Total expenses | 344 | ' | 428 | 1,101 | 1,365 |
| Income (loss) before provision (benefit) for income taxes | 463 | ' | 380 | 1,296 | 1,034 |
| Benefit for income taxes | 175 | ' | 120 | 524 | 338 |
| Net income (loss) | 288 | ' | 260 | 772 | 696 |
| Total comprehensive income (loss) | $288 | ' | $260 | $772 | $696 |
Guarantor_Financial_Informatio4
| Guarantor Financial Information (Details 3) (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Condensed Consolidating Statement of Cash Flows | ' | ' | ' | ' |
| Net cash (used in) provided by operating activities | ' | ' | $84,056 | $31,827 |
| Investing activities: | ' | ' | ' | ' |
| Proceeds from sale of leasing equipment | ' | ' | 7,594 | 5,961 |
| Collections on net investment in direct finance leases, net of interest earned | 1,227 | 1,401 | 3,586 | 4,262 |
| Purchase of leasing equipment | ' | ' | -114,041 | -131,509 |
| Purchase of fixed assets | ' | ' | -2,163 | -3,617 |
| Net cash used in investing activities | ' | ' | -105,024 | -124,903 |
| Financing activities: | ' | ' | ' | ' |
| Proceeds from debt | ' | ' | 119,000 | 142,000 |
| Repayments of long-term debt | ' | ' | -101,529 | -63,506 |
| Cash paid for debt issuance fees | ' | ' | -2,069 | -2,267 |
| Repurchase of indirect parent shares from employees | ' | ' | -630 | -509 |
| Net cash provided by (used in) financing activities | ' | ' | 14,772 | 75,718 |
| Effect of changes in exchange rates on cash and cash equivalents | ' | ' | -316 | -265 |
| Net decrease in cash and cash equivalents | ' | ' | -6,512 | -17,623 |
| Cash and cash equivalents, beginning of year | ' | ' | 11,843 | 26,556 |
| Cash and cash equivalents, end of period | 5,331 | 8,933 | 5,331 | 8,933 |
| Eliminations | ' | ' | ' | ' |
| Condensed Consolidating Statement of Cash Flows | ' | ' | ' | ' |
| Net cash (used in) provided by operating activities | ' | ' | 1,273 | 1,630 |
| Investing activities: | ' | ' | ' | ' |
| Collections on net investment in direct finance leases, net of interest earned | ' | ' | -1,273 | -1,630 |
| Net cash used in investing activities | ' | ' | -1,273 | -1,630 |
| Guarantor Subsidiaries | Reportable Legal Entities | ' | ' | ' | ' |
| Condensed Consolidating Statement of Cash Flows | ' | ' | ' | ' |
| Net cash (used in) provided by operating activities | ' | ' | 81,634 | 30,164 |
| Investing activities: | ' | ' | ' | ' |
| Proceeds from sale of leasing equipment | ' | ' | 7,594 | 5,961 |
| Collections on net investment in direct finance leases, net of interest earned | ' | ' | 4,859 | 5,892 |
| Purchase of leasing equipment | ' | ' | -114,041 | -131,509 |
| Purchase of fixed assets | ' | ' | -2,163 | -3,617 |
| Net cash used in investing activities | ' | ' | -103,751 | -123,273 |
| Financing activities: | ' | ' | ' | ' |
| Proceeds from debt | ' | ' | 119,000 | 142,000 |
| Repayments of long-term debt | ' | ' | -101,529 | -63,506 |
| Cash paid for debt issuance fees | ' | ' | -2,069 | -2,267 |
| Repurchase of indirect parent shares from employees | ' | ' | -630 | -509 |
| Net cash provided by (used in) financing activities | ' | ' | 14,772 | 75,718 |
| Effect of changes in exchange rates on cash and cash equivalents | ' | ' | -316 | -265 |
| Net decrease in cash and cash equivalents | ' | ' | -7,661 | -17,656 |
| Cash and cash equivalents, beginning of year | ' | ' | 11,308 | 25,837 |
| Cash and cash equivalents, end of period | 3,647 | 8,181 | 3,647 | 8,181 |
| Non-Guarantor Subsidiaries | Reportable Legal Entities | ' | ' | ' | ' |
| Condensed Consolidating Statement of Cash Flows | ' | ' | ' | ' |
| Net cash (used in) provided by operating activities | ' | ' | 1,149 | 33 |
| Financing activities: | ' | ' | ' | ' |
| Net decrease in cash and cash equivalents | ' | ' | 1,149 | 33 |
| Cash and cash equivalents, beginning of year | ' | ' | 535 | 719 |
| Cash and cash equivalents, end of period | $1,684 | $752 | $1,684 | $752 |
Subsequent_Events_Details
| Subsequent Events (Details) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | |
| In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Oct. 09, 2014 |
| Subsequent event | ||||
| Capital lease obligations | ||||
| item | ||||
| Subsequent events | ' | ' | ' | ' |
| Number of chassis purchased under early purchase option of capital leases | ' | ' | ' | 1,371 |
| Exercise of early purchase options, payment to lender | ' | ' | ' | $12,032 |
| Loss on modification and extinguishment of debt and capital lease obligations | $6 | $102 | $901 | $223 |