$RAIL
FreightCar America, Inc.

2021 Q2 Form 10-Q Financial Statement

#000095017021001493 Filed on August 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q2
Revenue $37.35M $32.37M $17.46M
YoY Change 113.96% 522.86% -76.3%
Cost Of Revenue $35.36M $31.05M $23.60M
YoY Change 49.81% 121.81% -65.1%
Gross Profit $1.997M $1.316M -$6.144M
YoY Change -132.5% -114.95% -201.99%
Gross Profit Margin 5.35% 4.07% -35.19%
Selling, General & Admin $6.294M $9.151M $6.537M
YoY Change -3.72% 23.5% -57.42%
% of Gross Profit 315.17% 695.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $996.0K $1.197M $2.900M
YoY Change -65.66% -60.27% -12.12%
% of Gross Profit 49.87% 90.96%
Operating Expenses $6.294M $9.151M $6.537M
YoY Change -3.72% 23.5% -57.42%
Operating Profit -$4.177M -$14.49M -$12.95M
YoY Change -67.74% -15.26% -18.27%
Interest Expense -$24.39M -$24.60M $167.0K
YoY Change -14704.79% -8410.81% 45.22%
% of Operating Profit
Other Income/Expense, Net $230.0K $115.0K $134.0K
YoY Change 71.64% -48.66% 61.45%
Pretax Income -$3.707M -$39.00M -$12.98M
YoY Change -71.44% 127.21% -18.23%
Income Tax $504.0K $132.0K -$1.000K
% Of Pretax Income
Net Earnings -$4.211M -$39.13M -$12.79M
YoY Change -67.08% 130.91% -19.49%
Net Earnings / Revenue -11.27% -120.89% -73.27%
Basic Earnings Per Share -$0.24 -$1.96 -$0.97
Diluted Earnings Per Share -$0.24 -$1.96 -$0.97
COMMON SHARES
Basic Shares Outstanding 20.16M 20.00M 12.41M
Diluted Shares Outstanding 20.16M 20.00M 12.41M

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.73M $31.60M $48.50M
YoY Change -57.26% -47.77% -30.62%
Cash & Equivalents $20.73M $31.56M $48.54M
Short-Term Investments
Other Short-Term Assets $10.55M $9.200M $14.27M
YoY Change -26.06% 10.72% 94.93%
Inventory $47.54M $35.65M $47.12M
Prepaid Expenses $10.55M $10.92M
Receivables $8.505M $6.217M $6.789M
Other Receivables $21.28M $13.20M $1.000M
Total Short-Term Assets $108.6M $97.74M $121.6M
YoY Change -10.69% -16.21% -20.79%
LONG-TERM ASSETS
Property, Plant & Equipment $19.79M $19.52M $39.47M
YoY Change -49.86% -50.32% -2.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.529M $2.828M $888.0K
YoY Change 184.8% 183.08% -71.67%
Total Long-Term Assets $60.22M $60.85M $132.2M
YoY Change -54.45% -54.74% -28.21%
TOTAL ASSETS
Total Short-Term Assets $108.6M $97.74M $121.6M
Total Long-Term Assets $60.22M $60.85M $132.2M
Total Assets $168.8M $158.6M $253.8M
YoY Change -33.48% -36.84% -24.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.61M $27.17M $18.05M
YoY Change 91.71% 38.24% -40.1%
Accrued Expenses $8.765M $9.900M $26.60M
YoY Change -67.05% -63.2% -14.19%
Deferred Revenue $33.01M
YoY Change 2477.05%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.52M $19.32M $13.95M
YoY Change 47.08%
Total Short-Term Liabilities $71.20M $63.12M $99.48M
YoY Change -28.43% -15.36% 43.36%
LONG-TERM LIABILITIES
Long-Term Debt $48.19M $36.81M $6.250M
YoY Change 670.99% 260.89% -38.73%
Other Long-Term Liabilities $4.282M $5.162M $2.833M
YoY Change 51.15% 49.93% -36.71%
Total Long-Term Liabilities $52.47M $41.97M $9.083M
YoY Change 477.66% 1119.08% 102.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.20M $63.12M $99.48M
Total Long-Term Liabilities $52.47M $41.97M $9.083M
Total Liabilities $181.2M $167.1M $166.5M
YoY Change 8.82% 10.81% -4.01%
SHAREHOLDERS EQUITY
Retained Earnings -$81.96M -$77.75M $16.09M
YoY Change -609.52% -369.25% -82.34%
Common Stock $160.0K $161.0K $136.0K
YoY Change 17.65% 21.05% 7.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.782M $1.782M $1.281M
YoY Change 39.11% 58.54% -45.44%
Treasury Stock Shares $446.6K $446.6K $285.0K
Shareholders Equity -$12.35M -$8.460M $87.76M
YoY Change
Total Liabilities & Shareholders Equity $168.8M $158.6M $253.8M
YoY Change -33.48% -36.84% -24.84%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q2
OPERATING ACTIVITIES
Net Income -$4.211M -$39.13M -$12.79M
YoY Change -67.08% 130.91% -19.49%
Depreciation, Depletion And Amortization $996.0K $1.197M $2.900M
YoY Change -65.66% -60.27% -12.12%
Cash From Operating Activities -$21.81M -$22.28M -$14.80M
YoY Change 47.36% 269.6% -12.43%
INVESTING ACTIVITIES
Capital Expenditures -$933.0K $542.0K -$3.300M
YoY Change -71.73% -85.23% 175.0%
Acquisitions
YoY Change
Other Investing Activities $215.0K $400.0K -$3.800M
YoY Change -105.66% -89.74% -128.15%
Cash From Investing Activities -$618.0K -$169.0K -$7.200M
YoY Change -91.42% -164.26% -159.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.61M -46.00K 10.00M
YoY Change 16.1% 411.11% 5.26%
NET CHANGE
Cash From Operating Activities -21.81M -22.28M -14.80M
Cash From Investing Activities -618.0K -169.0K -7.200M
Cash From Financing Activities 11.61M -46.00K 10.00M
Net Change In Cash -10.82M -22.49M -12.00M
YoY Change -9.86% 289.59% -355.32%
FREE CASH FLOW
Cash From Operating Activities -$21.81M -$22.28M -$14.80M
Capital Expenditures -$933.0K $542.0K -$3.300M
Free Cash Flow -$20.88M -$22.82M -$11.50M
YoY Change 81.53% 135.31% -26.75%

Facts In Submission

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WeightedAverageNumberOfDilutedSharesOutstanding
12385946
CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-2570000
CY2020Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-12980000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-40428000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-30143000
CY2021Q2 rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
156000
CY2020Q2 rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
140000
rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
312000
rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
281000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2414000
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12840000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-40116000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29862000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
100350000
CY2020Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-12980000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
140000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-210000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
87300000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-7186000
CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-2570000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
156000
CY2021Q2 rail Adjustments To Additional Paid In Capital Stock Issued During Period Shares Restricted Stock Award Forfeited
AdjustmentsToAdditionalPaidInCapitalStockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
-1000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
163000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9438000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
117154000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-30143000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
281000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
9000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
87300000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
30497000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-40428000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
312000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12000
rail Adjustments To Additional Paid In Capital Stock Issued During Period Shares Restricted Stock Award Forfeited
AdjustmentsToAdditionalPaidInCapitalStockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
-1000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
194000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9438000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-40428000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-30143000
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
6530000
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
352000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2196000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5884000
rail Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
887000
rail Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
3065000
rail Recognition Of Deferred Income From State And Local Incentives
RecognitionOfDeferredIncomeFromStateAndLocalIncentives
1110000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
18676000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0
us-gaap Share Based Compensation
ShareBasedCompensation
2961000
us-gaap Share Based Compensation
ShareBasedCompensation
94000
rail Amortization Of Financing Costs And Discounts Including Paid In Kind Interest
AmortizationOfFinancingCostsAndDiscountsIncludingPaidInKindInterest
1981000
rail Amortization Of Financing Costs And Discounts Including Paid In Kind Interest
AmortizationOfFinancingCostsAndDiscountsIncludingPaidInKindInterest
140000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-96000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-13000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-916000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-508000
rail Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
16814000
rail Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
306000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8058000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
22024000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
6263000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
7188000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6193000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6456000
rail Increase Decrease In Accrued Payroll And Employee Benefits
IncreaseDecreaseInAccruedPayrollAndEmployeeBenefits
-802000
rail Increase Decrease In Accrued Payroll And Employee Benefits
IncreaseDecreaseInAccruedPayrollAndEmployeeBenefits
-941000
rail Increase Decrease In Accrued Warranty
IncreaseDecreaseInAccruedWarranty
-2366000
rail Increase Decrease In Accrued Warranty
IncreaseDecreaseInAccruedWarranty
-485000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-1180000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-5391000
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
0
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
27889000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-6749000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2548000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-415000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-131000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-44109000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20783000
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
0
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
3855000
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
182000
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
3769000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1433000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7009000
rail Proceeds From Sale Of Property Plant And Equipment Assets Held For Sale And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAssetsHeldForSaleAndRailcarsAvailableForLease
433000
rail Proceeds From Sale Of Property Plant And Equipment Assets Held For Sale And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAssetsHeldForSaleAndRailcarsAvailableForLease
170000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-818000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6925000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
16000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
480000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
rail Proceeds From Long Term Lines Of Credit Less Long Term Debt
ProceedsFromLongTermLinesOfCreditLessLongTermDebt
7220000
rail Proceeds From Long Term Lines Of Credit Less Long Term Debt
ProceedsFromLongTermLinesOfCreditLessLongTermDebt
0
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
11068000
rail Payments For Cash Settled Stock Appreciation Rights Exercised
PaymentsForCashSettledStockAppreciationRightsExercised
55000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9000
rail Payments For Cash Settled Stock Appreciation Rights Exercised
PaymentsForCashSettledStockAppreciationRightsExercised
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11610000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9991000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33317000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17717000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54047000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66257000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20730000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48540000
us-gaap Interest Paid Net
InterestPaidNet
2813000
us-gaap Interest Paid Net
InterestPaidNet
217000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
5000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0
rail Change In Unpaid Construction In Process Non Cash Charges
ChangeInUnpaidConstructionInProcessNonCashCharges
530000
rail Change In Unpaid Construction In Process Non Cash Charges
ChangeInUnpaidConstructionInProcessNonCashCharges
-115000
us-gaap Notes Issued1
NotesIssued1
553000
us-gaap Notes Issued1
NotesIssued1
0
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Note 1 – Description of the Business</span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">FreightCar America, Inc. (“FreightCar”) operates primarily in North America through its direct and indirect subsidiaries, and manufactures a wide range of railroad freight cars, supplies railcar parts and leases freight cars. The Company designs and builds high-quality railcars, including coal cars, bulk commodity cars, covered hopper cars, intermodal and non-intermodal flat cars, mill gondola cars, coil steel cars and boxcars, and also specializes in the conversion of railcars for re-purposed use. The Company is headquartered in Chicago, Illinois and has facilities in the following locations: Johnstown, Pennsylvania; Shanghai, People’s Republic of China, and Castaños, Coahuila, Mexico (“Castaños”).</span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">During 2019, the Company entered into a joint venture arrangement with Fabricaciones y Servicios de México, S.A. de C.V. (“Fasemex”), a Mexican company with operations in both Mexico and the United States to manufacture railcars in Castaños, in exchange for a </span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">50</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">% interest in the operation. Production of railcars at the Castaños facility began during the third quarter of 2020. On October 16, 2020, the Company acquired Fasemex’s </span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">50</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">% ownership in the joint venture. As of March 2021, the Company moved all of its production to the Castaños facility.</span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The Company ceased operations at its Roanoke Virginia manufacturing facility (the “Roanoke Facility”) and vacated the facility as of March 31, 2020.  On September 10, 2020, the Company announced its plan to permanently close its manufacturing facility in Cherokee, Alabama (the “Shoals Facility”) in light of the ongoing cyclical industry downturn, which has been magnified by the global pandemic. The closure will reduce costs and align the Company’s manufacturing capacity with the current rail car market. The Company ceased production at the Shoals Facility in February 2021. See Note 14</span><span style="color:rgba(0,0,0,1);font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">–</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Restructuring and Impairment Charges.</span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">We are closely monitoring the spread and impact of the COVID-19 pandemic and are continually assessing its potential effects on our business and our financial performance as well as the businesses of our customers and vendors. The Company cannot predict the duration or severity of the COVID-19 pandemic, and we cannot reasonably estimate the financial impact the COVID-19 outbreak will have on our results and significant estimates going forward.</span></p>
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36539000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16044000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67834000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19783000
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
815000
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1414000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1890000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2872000
CY2021Q2 us-gaap Revenues
Revenues
37354000
CY2020Q2 us-gaap Revenues
Revenues
17458000
us-gaap Revenues
Revenues
69724000
us-gaap Revenues
Revenues
22655000
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
445000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6930000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14850000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q4 rail Impairment Of Leased Railcars
ImpairmentOfLeasedRailcars
16952000
CY2020Q4 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
1999000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7197000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10455000
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
44080000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
34355000
CY2021Q2 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
4703000
CY2020Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
4476000
CY2021Q2 us-gaap Inventory Net
InventoryNet
48783000
CY2020Q4 us-gaap Inventory Net
InventoryNet
38831000
CY2021Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2333000
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
9836000
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 rail Class Of Warrant Or Right Percentage Of Oustanding Common Shares
ClassOfWarrantOrRightPercentageOfOustandingCommonShares
0.23
CY2021Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
5305140
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
5307539
CY2021Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
12730000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
18676000
CY2021Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
31406000
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
79683000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
66979000
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
68705000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
55273000
CY2021Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14863069
CY2020Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
12405011
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14783459
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
20518000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
17605000
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
48187000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
37668000
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Note 12 – Contingencies and Legal Settlements</span><span style="color:rgba(0,0,0,1);font-weight:bold;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The Company is involved in various warranty and repair claims and, in certain cases, related pending and threatened legal proceedings with its customers in the normal course of business. In the opinion of management, the Company’s potential losses in excess of the accrued warranty and legal provisions, if any, are not expected to be material to the Company’s consolidated financial condition, results of operations or cash flows.</span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The Company received cash payments of $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">15,733</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> and $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">1,410</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> during 2015 and 2017, respectively, for Alabama state and local incentives related to its capital investment and employment levels at the Shoals Facility. Under the incentive agreements a certain portion of the incentives may be repayable by the Company if targeted levels of employment are not maintained for a period of up to </span><span style="font-size:10.0pt;font-family:Times New Roman;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">six years</span></span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> from the date of the incentive. In April 2021, the Company received a letter from representatives of the Shoals Economic Development Authority (“SEDA”) regarding repayment of local incentives. The Company has contested the amounts claimed by SEDA with respect to an initial portion of such local incentives and views this notice as premature as to the remaining portion of such local incentives, as the Company believes that any repayment obligations have not yet arisen with respect thereto under the terms of the incentive agreements. In the event that any portion of the incentives is required to be paid back, the Company believes the amount is unlikely to exceed the deferred liability balance of $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">3,613</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> as of June 30, 2021.</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">As part of a settlement agreement reached with one of its customers during 2019, the Company agreed to pay $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">7,500</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> to settle all claims related to a prior year’s commercial dispute. During the years ended December 31, 2020 and 2019, the Company paid $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">1,000</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> and $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">3,500</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, respectively, of the settlement amount. During the six months ended June 30, 2021, the Company paid $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">1,000</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> of the settlement amount and the remaining $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">2,000</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> will be paid over a period of </span><span style="font-size:10.0pt;font-family:Times New Roman;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">12</span></span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> months or on an accelerated basis in the event both parties agree to accelerate delivery of railcars currently in the backlog.</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">In addition to the foregoing, the Company is involved in certain other pending and threatened legal proceedings, including commercial disputes and workers’ compensation and employee matters arising out of the conduct of its business. The Company has reserved $</span><span style="font-size:10.0pt;font-family:Times New Roman;color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">0.5</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> million to cover probable and estimable liabilities with respect to these matters.</span></p>
CY2015 rail Proceeds From Government Grants Received
ProceedsFromGovernmentGrantsReceived
15733000
CY2017 rail Proceeds From Government Grants Received
ProceedsFromGovernmentGrantsReceived
1410000
CY2021Q2 rail Deferred Income Government Grants
DeferredIncomeGovernmentGrants
3613000
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7500000
CY2020 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
1000000
CY2019 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
3500000
us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
1000000
rail Loss Contingency Accrual Payments Term
LossContingencyAccrualPaymentsTerm
P12M
CY2021Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
500000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
12385946
CY2021Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
5297341
CY2020Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
0
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
5300740
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20160410
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12405011
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20084199
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12385946
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20160410
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12405011
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20084199
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12385946
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1329429
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1107304
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1531864
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1076577
CY2021Q2 rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
0
CY2020Q2 rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
0
rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
1591000
rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
438000
CY2021Q2 us-gaap Severance Costs1
SeveranceCosts1
-24000
CY2020Q2 us-gaap Severance Costs1
SeveranceCosts1
1000
us-gaap Severance Costs1
SeveranceCosts1
-5000
us-gaap Severance Costs1
SeveranceCosts1
-3000
CY2021Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
-96000
CY2020Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
266000
us-gaap Other Restructuring Costs
OtherRestructuringCosts
4944000
us-gaap Other Restructuring Costs
OtherRestructuringCosts
712000
CY2021Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
-120000
CY2020Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
267000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
6530000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
1147000
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
1847000
us-gaap Restructuring Charges
RestructuringCharges
6437000
rail Restructuring Reserve Non Cash Charges
RestructuringReserveNonCashCharges
93000
us-gaap Payments For Restructuring
PaymentsForRestructuring
7926000
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
278000
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
1006000
us-gaap Restructuring Charges
RestructuringCharges
794000
rail Restructuring Reserve Non Cash Charges
RestructuringReserveNonCashCharges
352000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1733000
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
67000
CY2021Q1 us-gaap Revenues
Revenues
32370000
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
29780000
CY2021Q1 us-gaap Gross Profit
GrossProfit
2590000
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9151000
CY2021Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
6650000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-13211000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2502000
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4824000
CY2021Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
22128000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
115000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-37726000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
132000
CY2021Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-37858000
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-37858000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.89
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.89
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20001505
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20001505
CY2021Q1 us-gaap Inventory Net
InventoryNet
35649000
CY2021Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
10924000
CY2021Q1 us-gaap Assets Current
AssetsCurrent
97744000
CY2021Q1 us-gaap Assets
Assets
158591000
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-76477000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-7186000
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
158591000
CY2021Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-37858000
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
7324000
CY2021Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-131000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22276000

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