$RAIL
FreightCar America, Inc.

2021 Q4 Form 10-Q Financial Statement

#000095017021004480 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $75.02M $58.31M $37.35M
YoY Change 23.79% 131.36% 113.96%
Cost Of Revenue $68.41M $56.77M $35.36M
YoY Change 24.16% 93.88% 49.81%
Gross Profit $6.607M $1.538M $1.997M
YoY Change 20.13% -137.71% -132.5%
Gross Profit Margin 8.81% 2.64% 5.35%
Selling, General & Admin $6.386M $5.701M $6.294M
YoY Change -26.6% -20.35% -3.72%
% of Gross Profit 96.66% 370.68% 315.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000M $1.108M $996.0K
YoY Change -16.67% -47.24% -65.66%
% of Gross Profit 15.14% 72.04% 49.87%
Operating Expenses $6.386M $5.701M $6.294M
YoY Change -26.6% -20.35% -3.72%
Operating Profit $221.0K -$4.163M -$4.177M
YoY Change -106.91% -89.93% -67.74%
Interest Expense $34.00K -$3.855M -$24.39M
YoY Change -100.65% -1953.37% -14704.79%
% of Operating Profit 15.38%
Other Income/Expense, Net $327.0K $145.0K $230.0K
YoY Change 227.0% -9.38% 71.64%
Pretax Income $417.0K $2.256M -$3.707M
YoY Change -102.9% -105.45% -71.44%
Income Tax -$748.0K $1.525M $504.0K
% Of Pretax Income -179.38% 67.6%
Net Earnings $1.165M $731.0K -$4.211M
YoY Change -108.09% -101.81% -67.08%
Net Earnings / Revenue 1.55% 1.25% -11.27%
Basic Earnings Per Share $0.03 -$0.24
Diluted Earnings Per Share $52.04K $0.03 -$0.24
COMMON SHARES
Basic Shares Outstanding 15.95M 20.49M 20.16M
Diluted Shares Outstanding 22.11M 20.16M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.24M $27.49M $20.73M
YoY Change -51.41% -16.2% -57.26%
Cash & Equivalents $26.24M $27.49M $20.73M
Short-Term Investments
Other Short-Term Assets $13.77M $14.65M $10.55M
YoY Change -3.05% 209.35% -26.06%
Inventory $56.01M $44.64M $47.54M
Prepaid Expenses $5.087M $6.297M $10.55M
Receivables $9.571M $7.733M $8.505M
Other Receivables $31.14M $30.08M $21.28M
Total Short-Term Assets $136.7M $124.6M $108.6M
YoY Change 13.02% 5.01% -10.69%
LONG-TERM ASSETS
Property, Plant & Equipment $18.24M $18.93M $19.79M
YoY Change -7.16% -2.65% -49.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.873M $3.131M $2.529M
YoY Change 192.16% 283.23% 184.8%
Total Long-Term Assets $63.94M $59.51M $60.22M
YoY Change 3.52% -35.63% -54.45%
TOTAL ASSETS
Total Short-Term Assets $136.7M $124.6M $108.6M
Total Long-Term Assets $63.94M $59.51M $60.22M
Total Assets $200.7M $184.1M $168.8M
YoY Change 9.81% -12.79% -33.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.19M $28.34M $34.61M
YoY Change 130.86% 37.51% 91.71%
Accrued Expenses $8.963M $9.035M $8.765M
YoY Change -59.26% -70.18% -67.05%
Deferred Revenue $3.300M $455.0K
YoY Change -24.16% -98.47%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $10.16M $20.52M
YoY Change -100.0% -35.79% 47.08%
Total Short-Term Liabilities $69.32M $62.70M $71.20M
YoY Change -2.57% -39.43% -28.43%
LONG-TERM LIABILITIES
Long-Term Debt $79.48M $70.72M $48.19M
YoY Change 111.01% 1516.46% 670.99%
Other Long-Term Liabilities $3.134M $3.827M $4.282M
YoY Change 20.54% 11.06% 51.15%
Total Long-Term Liabilities $82.62M $74.55M $52.47M
YoY Change 105.17% 853.16% 477.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.32M $62.70M $71.20M
Total Long-Term Liabilities $82.62M $74.55M $52.47M
Total Liabilities $202.3M $194.0M $181.2M
YoY Change 32.89% 17.81% 8.82%
SHAREHOLDERS EQUITY
Retained Earnings -$80.07M -$81.23M -$81.96M
YoY Change 107.32% 235.17% -609.52%
Common Stock $190.0K $159.0K $160.0K
YoY Change 19.5% 16.91% 17.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $856.0K $1.782M
YoY Change -36.17% 39.11%
Treasury Stock Shares $0.00 $214.5K $446.6K
Shareholders Equity -$1.656M -$9.920M -$12.35M
YoY Change
Total Liabilities & Shareholders Equity $200.7M $184.1M $168.8M
YoY Change 9.81% -12.79% -33.48%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $1.165M $731.0K -$4.211M
YoY Change -108.09% -101.81% -67.08%
Depreciation, Depletion And Amortization $1.000M $1.108M $996.0K
YoY Change -16.67% -47.24% -65.66%
Cash From Operating Activities $1.561M -$12.85M -$21.81M
YoY Change -107.84% -29.4% 47.36%
INVESTING ACTIVITIES
Capital Expenditures -$307.0K -$550.0K -$933.0K
YoY Change -79.53% -57.69% -71.73%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $215.0K
YoY Change -100.0% -105.66%
Cash From Investing Activities -$307.0K -$550.0K -$618.0K
YoY Change -80.81% -122.92% -91.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.500M 20.16M 11.61M
YoY Change -105.84% 16.1%
NET CHANGE
Cash From Operating Activities 1.561M -12.85M -21.81M
Cash From Investing Activities -307.0K -550.0K -618.0K
Cash From Financing Activities -2.500M 20.16M 11.61M
Net Change In Cash -1.246M 6.756M -10.82M
YoY Change -105.85% -142.76% -9.86%
FREE CASH FLOW
Cash From Operating Activities $1.561M -$12.85M -$21.81M
Capital Expenditures -$307.0K -$550.0K -$933.0K
Free Cash Flow $1.868M -$12.30M -$20.88M
YoY Change -110.15% -27.22% 81.53%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Address City Or Town
EntityAddressCityOrTown
Chicago
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Central Index Key
EntityCentralIndexKey
0001320854
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-51237
dei Entity Registrant Name
EntityRegistrantName
FREIGHTCAR AMERICA, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
25-1837219
dei Entity Address Address Line1
EntityAddressAddressLine1
125 South Wacker Drive
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1500
dei Entity Address State Or Province
EntityAddressStateOrProvince
IL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
60606
dei City Area Code
CityAreaCode
800
dei Local Phone Number
LocalPhoneNumber
458-2235
dei Security12b Title
Security12bTitle
Common stock, par value $0.01 per share
dei Trading Symbol
TradingSymbol
RAIL
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15947228
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27486000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54047000
CY2021Q3 us-gaap Restricted Investments Current
RestrictedInvestmentsCurrent
0
CY2020Q4 us-gaap Restricted Investments Current
RestrictedInvestmentsCurrent
182000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
973000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1235000
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7733000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9421000
CY2021Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
30084000
CY2020Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
4462000
CY2021Q3 us-gaap Inventory Net
InventoryNet
44635000
CY2020Q4 us-gaap Inventory Net
InventoryNet
38831000
CY2021Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
0
CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
10383000
CY2021Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
8357000
CY2020Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
0
CY2021Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6297000
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3652000
CY2021Q3 us-gaap Assets Current
AssetsCurrent
124592000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
120978000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18927000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19642000
CY2021Q3 rail Railcars Available For Lease Net
RailcarsAvailableForLeaseNet
20476000
CY2020Q4 rail Railcars Available For Lease Net
RailcarsAvailableForLeaseNet
20933000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16979000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18152000
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3131000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3037000
CY2021Q3 us-gaap Assets
Assets
184105000
CY2020Q4 us-gaap Assets
Assets
182742000
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
28335000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
17840000
CY2021Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
8554000
CY2020Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
814000
CY2021Q3 rail Accrued Payroll And Other Employee Costs
AccruedPayrollAndOtherEmployeeCosts
2123000
CY2020Q4 rail Accrued Payroll And Other Employee Costs
AccruedPayrollAndOtherEmployeeCosts
2505000
CY2021Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
2386000
CY2020Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
2645000
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2597000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5216000
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
455000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4351000
CY2021Q3 rail Deferred Income Government Grants Short Term
DeferredIncomeGovernmentGrantsShortTerm
1087000
CY2020Q4 rail Deferred Income Government Grants Short Term
DeferredIncomeGovernmentGrantsShortTerm
2219000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1929000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11635000
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
10161000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
17605000
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5072000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6319000
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
62699000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
71149000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
70720000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
37668000
CY2021Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
31699000
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
12730000
CY2021Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
6002000
CY2020Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
7046000
CY2021Q3 rail Deferred Income Government Grants Long Term
DeferredIncomeGovernmentGrantsLongTerm
1970000
CY2020Q4 rail Deferred Income Government Grants Long Term
DeferredIncomeGovernmentGrantsLongTerm
2503000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17108000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18549000
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3827000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2600000
CY2021Q3 us-gaap Liabilities
Liabilities
194025000
CY2020Q4 us-gaap Liabilities
Liabilities
152245000
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2500000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2500000
CY2021Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15939444
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15861406
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
159000
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
159000
CY2021Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
83304000
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
82064000
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
214522
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
327577
CY2021Q3 us-gaap Treasury Stock Value
TreasuryStockValue
856000
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1344000
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-11296000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
518000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-11763000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-81231000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-38619000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-9920000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
30497000
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
184105000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
182742000
CY2021Q3 us-gaap Revenues
Revenues
58307000
CY2020Q3 us-gaap Revenues
Revenues
25202000
us-gaap Revenues
Revenues
128031000
us-gaap Revenues
Revenues
47857000
CY2021Q3 us-gaap Cost Of Revenue
CostOfRevenue
56769000
CY2020Q3 us-gaap Cost Of Revenue
CostOfRevenue
29281000
us-gaap Cost Of Revenue
CostOfRevenue
123180000
us-gaap Cost Of Revenue
CostOfRevenue
66883000
CY2021Q3 us-gaap Gross Profit
GrossProfit
1538000
CY2020Q3 us-gaap Gross Profit
GrossProfit
-4079000
us-gaap Gross Profit
GrossProfit
4851000
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3562000
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-208000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-9276000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-671000
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
160000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
490000
us-gaap Gross Profit
GrossProfit
-19026000
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5701000
CY2020Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7158000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21146000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21105000
CY2021Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
-0
CY2020Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
30103000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
6530000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
31250000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4163000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-41340000
us-gaap Operating Income Loss
OperatingIncomeLoss
-22825000
us-gaap Operating Income Loss
OperatingIncomeLoss
-71381000
CY2021Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
293000
CY2020Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
18969000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10129000
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10129000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
145000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2256000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-41388000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-40451000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-71534000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1525000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-75000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2161000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-78000
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
731000
CY2020Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-41313000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-42612000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-71456000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-991000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1396000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
731000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-40322000
us-gaap Net Income Loss
NetIncomeLoss
-42612000
us-gaap Net Income Loss
NetIncomeLoss
-70060000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.30
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.30
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20485438
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12426872
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20225671
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12399687
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22111824
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12426872
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20225671
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12399687
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
731000
CY2020Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-41313000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-42612000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-71456000
CY2021Q3 rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
155000
CY2020Q3 rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
140000
rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
467000
rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
421000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
886000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-41173000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42145000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-71035000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
87300000
CY2020Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-41313000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
140000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
279000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46406000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-12353000
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
731000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
155000
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
54000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
243000
CY2021Q3 rail Equity Fees
EquityFees
1250000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9920000
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
-71456000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
421000
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
296000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4276000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46406000
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
-42612000
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
6530000
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
26868000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3304000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7954000
rail Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
1173000
rail Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
4910000
rail Recognition Of Deferred Income From State And Local Incentives
RecognitionOfDeferredIncomeFromStateAndLocalIncentives
1665000
rail Recognition Of Deferred Income From State And Local Incentives
RecognitionOfDeferredIncomeFromStateAndLocalIncentives
1665000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
18969000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0
us-gaap Share Based Compensation
ShareBasedCompensation
2829000
us-gaap Share Based Compensation
ShareBasedCompensation
578000
rail Amortization Of Financing Costs And Discounts Including Paid In Kind Interest
AmortizationOfFinancingCostsAndDiscountsIncludingPaidInKindInterest
3782000
rail Amortization Of Financing Costs And Discounts Including Paid In Kind Interest
AmortizationOfFinancingCostsAndDiscountsIncludingPaidInKindInterest
210000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10129000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-314000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-67000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1688000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2059000
rail Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
25622000
rail Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
1243000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
467000
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 Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
54000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
437000
rail Equity Fees
EquityFees
1250000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9920000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-42612000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-71456000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
35094000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1682000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2340000
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
617000
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-223000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1502000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8839000
rail Increase Decrease In Accrued Payroll And Employee Benefits
IncreaseDecreaseInAccruedPayrollAndEmployeeBenefits
-302000
rail Increase Decrease In Accrued Payroll And Employee Benefits
IncreaseDecreaseInAccruedPayrollAndEmployeeBenefits
3011000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1111000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-909000
rail Increase Decrease In Accrued Warranty
IncreaseDecreaseInAccruedWarranty
-2619000
rail Increase Decrease In Accrued Warranty
IncreaseDecreaseInAccruedWarranty
-880000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-1641000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-9110000
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
-3896000
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
24652000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2492000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2207000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-607000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-242000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-56958000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-38981000
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
0
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
4037000
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
182000
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
7624000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1983000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8267000
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
-1368000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4510000
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
1517000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
rail Proceeds From Long Term Lines Of Credit Less Long Term Debt
ProceedsFromLongTermLinesOfCreditLessLongTermDebt
38571000
rail Proceeds From Long Term Lines Of Credit Less Long Term Debt
ProceedsFromLongTermLinesOfCreditLessLongTermDebt
0
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
21225000
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
57000
rail Payments For Cash Settled Stock Appreciation Rights Exercised
PaymentsForCashSettledStockAppreciationRightsExercised
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31765000
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
-26561000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33500000
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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27486000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32757000
us-gaap Interest Paid Net
InterestPaidNet
4575000
us-gaap Interest Paid Net
InterestPaidNet
280000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
5000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
481000
rail Change In Unpaid Construction In Process Non Cash Charges
ChangeInUnpaidConstructionInProcessNonCashCharges
68000
rail Change In Unpaid Construction In Process Non Cash Charges
ChangeInUnpaidConstructionInProcessNonCashCharges
-169000
us-gaap Notes Issued1
NotesIssued1
915000
us-gaap Notes Issued1
NotesIssued1
0
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Note 1 – Description of the Business</span></p><p style="text-indent:0.0%;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="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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:0.0%;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="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">50</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">50</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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:0.0%;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="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">–</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Restructuring and Impairment Charges.</span></p><p style="text-indent:0.0%;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="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The Company is closely monitoring the spread and impact of the COVID-19 pandemic and is continually assessing its potential effects on the Company's business and its financial performance as well as the businesses of its customers and vendors. The Company cannot predict the duration or severity of the COVID-19 pandemic, and it cannot reasonably estimate the financial impact the COVID-19 outbreak will have on the Company's results and significant estimates going forward.</span></p>
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57499000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23967000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
125333000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43750000
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
808000
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1235000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2698000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4107000
CY2021Q3 us-gaap Revenues
Revenues
58307000
CY2020Q3 us-gaap Revenues
Revenues
25202000
us-gaap Revenues
Revenues
128031000
us-gaap Revenues
Revenues
47857000
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
445000
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
455000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6930000
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0
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
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6658000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10455000
CY2021Q3 us-gaap Inventory Net
InventoryNet
44635000
CY2020Q4 us-gaap Inventory Net
InventoryNet
38831000
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1938000
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
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
39622000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
34355000
CY2021Q3 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
5013000
CY2020Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
4476000
CY2021Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
5386591
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
5307539
CY2021Q3 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
CY2021Q2 rail Class Of Warrant Or Right Percentage Of Outstanding Common Shares
ClassOfWarrantOrRightPercentageOfOutstandingCommonShares
0.050
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
rail Additional Warrant Liability
AdditionalWarrantLiability
7351000
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
12730000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
18969000
CY2021Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
31699000
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
91239000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
66979000
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
80881000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
55273000
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
10161000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
17605000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
70720000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
37668000
CY2019 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
3500000
us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
1000000
rail Loss Contingency Accrual Payments Term
LossContingencyAccrualPaymentsTerm
P9M
CY2021Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
500000
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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:0.0%;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="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">15,733</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">1,410</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">six years</span></span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">3,057</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> as of September 30, 2021.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">7,500</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">1,000</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">3,500</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, respectively, of the settlement amount. During the nine months ended September 30, 2021, the Company paid $</span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">1,000</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">2,000</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, which is included in other current liabilities on the condensed consolidated balance sheet as of September 30, 2021, will be paid over a period of </span><span style="font-size:10.0pt;font-family:Times New Roman;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">9</span></span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">0.5</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;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
CY2021Q3 rail Deferred Income Government Grants
DeferredIncomeGovernmentGrants
3057000
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7500000
CY2020 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
1000000
CY2021Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
15139572
CY2020Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
12426872
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14903468
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
12399687
CY2021Q3 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
5345866
CY2020Q3 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
0
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
5322203
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20485438
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12426872
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20225671
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12399687
CY2021Q3 rail Issuance Of Contingent Warrants
IssuanceOfContingentWarrants
1626386
CY2020Q3 rail Issuance Of Contingent Warrants
IssuanceOfContingentWarrants
0
rail Issuance Of Contingent Warrants
IssuanceOfContingentWarrants
0
rail Issuance Of Contingent Warrants
IssuanceOfContingentWarrants
0
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22111824
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12426872
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20225671
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12399687
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1237172
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1104263
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1354525
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1083881
CY2021Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
CY2020Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
17540000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
17540000
CY2021Q3 rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
0
CY2020Q3 rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
9031000
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
9469000
CY2021Q3 us-gaap Severance Costs1
SeveranceCosts1
0
CY2020Q3 us-gaap Severance Costs1
SeveranceCosts1
3381000
us-gaap Severance Costs1
SeveranceCosts1
-5000
us-gaap Severance Costs1
SeveranceCosts1
3378000
CY2021Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0
CY2020Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
151000
us-gaap Other Restructuring Costs
OtherRestructuringCosts
4944000
us-gaap Other Restructuring Costs
OtherRestructuringCosts
863000
CY2021Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0
CY2020Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
30103000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
6530000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
31250000
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
7985000
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
219000
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
1006000
us-gaap Restructuring Charges
RestructuringCharges
4169000
rail Restructuring Reserve Non Cash Charges
RestructuringReserveNonCashCharges
26923000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1816000
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
3359000
CY2021Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
8400000
CY2021Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
8600000
CY2021Q1 us-gaap Revenues
Revenues
32370000
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
31054000
CY2021Q1 us-gaap Gross Profit
GrossProfit
1316000
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
-14485000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2502000
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
-39000000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
132000
CY2021Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-39132000
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-39132000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.96
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.96
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 Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
28442000
CY2021Q1 us-gaap Liabilities Current
LiabilitiesCurrent
63123000
CY2021Q1 us-gaap Liabilities
Liabilities
167051000
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-77751000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-8460000
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
158591000
CY2021Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-39132000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1594000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22276000
CY2021Q2 us-gaap Revenues
Revenues
37354000
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
35357000
CY2021Q2 us-gaap Gross Profit
GrossProfit
1997000
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6294000
CY2021Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
-120000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4177000
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3212000
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3452000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
230000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3707000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
504000
CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-4211000
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-4211000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20160410
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20160410
us-gaap Revenues
Revenues
69724000
us-gaap Cost Of Revenue
CostOfRevenue
66411000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20084199
CY2021Q2 us-gaap Inventory Net
InventoryNet
47539000
CY2021Q2 us-gaap Assets Current
AssetsCurrent
108597000
CY2021Q2 us-gaap Assets
Assets
168814000
CY2021Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
36283000
us-gaap Gross Profit
GrossProfit
3313000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15445000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
6530000
us-gaap Operating Income Loss
OperatingIncomeLoss
-18662000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5714000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
18676000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
345000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-42707000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
636000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-43343000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
us-gaap Net Income Loss
NetIncomeLoss
-43343000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.19
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20084199
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
71200000
CY2021Q2 us-gaap Liabilities
Liabilities
181167000
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-81962000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-12353000
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
168814000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-43343000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6814000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7864000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-44109000

Files In Submission

Name View Source Status
0000950170-21-004480-index-headers.html Edgar Link pending
0000950170-21-004480-index.html Edgar Link pending
0000950170-21-004480.txt Edgar Link pending
0000950170-21-004480-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
img182013522_0.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rail-20210930.htm Edgar Link pending
rail-20210930.xsd Edgar Link pending
rail-20210930_cal.xml Edgar Link unprocessable
rail-20210930_def.xml Edgar Link unprocessable
rail-20210930_htm.xml Edgar Link completed
rail-20210930_lab.xml Edgar Link unprocessable
rail-20210930_pre.xml Edgar Link unprocessable
rail-ex10_1.htm Edgar Link pending
rail-ex10_2.htm Edgar Link pending
rail-ex10_3.htm Edgar Link pending
rail-ex10_4.htm Edgar Link pending
rail-ex31_1.htm Edgar Link pending
rail-ex31_2.htm Edgar Link pending
rail-ex32.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending