TRAC Intermodal Inactive 10-Q10 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	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	Sep. 30, 2014	Dec. 31, 2013
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	Sep. 30, 2014	Dec. 31, 2013
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
Description of the Business and Basis of Presentation	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
Derivatives and Hedging Activities	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
Commitments and Contingencies	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
Income Taxes	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
Related Party Transactions	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
Subsequent Events	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
Leasing Activity (Tables)	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
Derivatives and Hedging Activities (Tables)	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
Segment and Geographic Information (Tables)	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	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
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

Domestic Chassis [Member]

Marine Chassis [Member]

Service Life [Member]

Acquisitions of Equipment Via Purchase

Disposals of Equipment Via Sale

Scenario, Previously Reported [Member]

Domestic Chassis [Member]

item

Counterparty

item

Leasing equipment

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

1,409,056

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

253,639

Accumulated depreciation under capital leases

60,841

59,424

Leasing equipment purchases and sales

Number of units purchased

17,319

Number of units sold

1,139

Number of counterparties

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

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

Loans Payable CIMC

Capital lease obligations

Senior secured credit agreement

ABL Facility

LIBOR

Borrowings

Total debt and capital lease obligations

$1,181,826

$1,164,137

$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%

Weighted average interest rate (as a percent)

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	Jan. 10, 2013	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, 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

Designated as hedge

Cash flow hedge

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 5.58%, 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, 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 4.743%, original maturity of Oct-2014

Terminated derivative at fixed rate of 4.305%, original maturity of Oct-2017

Terminated derivative at fixed rate of 4.365%, original maturity of Jul-2017

Terminated derivative at fixed rate of 5.526%, original maturity of Jul-2014

Terminated derivative at fixed rate of 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 4.328%, original maturity of Jul-2014

Terminated derivative at fixed rate of 4.147%, original maturity of Oct-2014

Terminated derivative at fixed rate of 4.000%, 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

$200,000

$163,333

$150,000

$480,088

$163,333

$332,525

$58,238

$193,333

$37,000

$53,286

$181,667

$43,333

$211,567

$150,000

$427,407

Fixed Rate %

0.76%

5.30%

5.31%

5.58%

5.51%

5.44%

4.61%

4.74%

4.31%

4.37%

5.53%

3.99%

4.03%

4.33%

4.15%

4.00%

5.17%

Deferred Loss Upon Termination

127,529

1,853

6,412

3,773

1,711

3,498

1,711

1,526

2,082

7,641

862

3,265

3,122

2,048

8,538

11,033

17,002

5,080

46,372

Un-amortized Deferred (Gain) or Loss

53,300

-7

-18

1,711

1,526

-36

-118

-402

637

2,448

970

201

46,372

Amount of Deferred (Gain) Loss Amortized (including Accelerated Amortization) into Interest Expense

4,073

4,932

13,068

15,180

116

103

200

317

127

183

-30

-27

-166

-41

-78

-131

103

-16

-14

-46

-42

-63

-55

-185

-150

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

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	Sep. 30, 2014
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
	Sep. 30, 2014	Sep. 30, 2013	segment	Sep. 30, 2013	Dec. 31, 2013
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

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

In Thousands, unless otherwise specified

Fair Value

Reported Value Measurement [Member]

Interest rate swap

Recurring

Fair Value

Level 1

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

Eliminations

Guarantor Subsidiaries

Company Parent

Guarantor Subsidiaries

Non-Guarantor Subsidiaries

Unregistered Original Notes

Reportable Legal Entities

Condensed Consolidating Balance Sheet

Total principal amount of the Original Notes sold

$300,000

Interest rate (as a percent)

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

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

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

290

Intercompany payable

-171

171

Intercompany note payable

-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

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