2019 Q4 Form 10-Q Financial Statement

#000119312519280229 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $44.90M $40.65M $73.66M
YoY Change -48.86% -48.52% 10.37%
Cost Of Revenue $53.00M $46.06M $67.64M
YoY Change -42.33% -44.37% 9.26%
Gross Profit -$8.100M -$5.410M $6.024M
YoY Change 102.5% 40.96% 24.49%
Gross Profit Margin -18.04% -13.31% 8.18%
Selling, General & Admin $7.500M $7.772M $15.35M
YoY Change 4.17% 42.66% 83.09%
% of Gross Profit 254.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.900M $3.000M $3.300M
YoY Change -21.62% 3.45% 17.86%
% of Gross Profit 54.78%
Operating Expenses $7.500M $7.772M $15.35M
YoY Change 4.17% 42.66% 83.09%
Operating Profit -$15.60M -$36.26M -$15.84M
YoY Change 39.29% 316.11% 346.79%
Interest Expense -$200.0K $223.0K $115.0K
YoY Change 100.0% 757.69% 325.93%
% of Operating Profit
Other Income/Expense, Net $100.0K $363.0K $83.00K
YoY Change -75.0% -19.69% -85.88%
Pretax Income -$9.100M -$36.12M -$15.88M
YoY Change -16.51% 335.82% 431.83%
Income Tax $500.0K -$387.0K $12.00K
% Of Pretax Income
Net Earnings -$9.500M -$35.73M -$15.89M
YoY Change -63.04% 478.89% 580.09%
Net Earnings / Revenue -21.16% -87.89% -21.57%
Basic Earnings Per Share -$2.83 -$1.26
Diluted Earnings Per Share -$766.1K -$2.83 -$1.26
COMMON SHARES
Basic Shares Outstanding 12.69M 12.36M 12.35M
Diluted Shares Outstanding 12.36M 12.35M

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.30M $59.40M $69.90M
YoY Change 5.07% -1.16% -14.23%
Cash & Equivalents $66.26M $59.44M $69.86M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $7.035M $7.672M $7.318M
YoY Change 40.36% 40.69% -85.62%
Inventory $25.09M $55.66M $61.79M
Prepaid Expenses $7.035M
Receivables $6.991M $8.735M $12.88M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $109.7M $132.0M $153.5M
YoY Change -29.62% -37.26% -29.71%
LONG-TERM ASSETS
Property, Plant & Equipment $38.56M $38.91M $40.40M
YoY Change -14.9% -17.69% -45.92%
Goodwill $21.52M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.552M $2.106M $3.135M
YoY Change -32.84% -33.14% -79.51%
Total Long-Term Assets $135.5M $157.3M $184.1M
YoY Change 1.21% 37.84% 65.13%
TOTAL ASSETS
Total Short-Term Assets $109.7M $132.0M $153.5M
Total Long-Term Assets $135.5M $157.3M $184.1M
Total Assets $245.2M $289.3M $337.6M
YoY Change -15.37% -10.85% 2.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.71M $23.99M $30.14M
YoY Change -66.29% -43.54% -21.91%
Accrued Expenses $27.90M $32.80M $31.00M
YoY Change 95.1% 126.21% 100.0%
Deferred Revenue $5.123M $1.281M $1.281M
YoY Change 70.77% -57.3%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $49.43M $61.73M $69.39M
YoY Change -20.34% -11.76% 2.8%
LONG-TERM LIABILITIES
Long-Term Debt $10.20M $10.20M $10.20M
YoY Change
Other Long-Term Liabilities $3.420M $4.009M $4.476M
YoY Change 326.97% 889.88% -88.13%
Total Long-Term Liabilities $13.62M $4.009M $4.476M
YoY Change 1600.37% 889.88% -88.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $49.43M $61.73M $69.39M
Total Long-Term Liabilities $13.62M $4.009M $4.476M
Total Liabilities $128.0M $160.3M $173.4M
YoY Change 33.21% 52.4% 64.86%
SHAREHOLDERS EQUITY
Retained Earnings $45.82M $55.36M $91.09M
YoY Change -62.07% -62.2%
Common Stock $127.0K $127.0K $127.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $989.0K $983.0K $2.348M
YoY Change -89.83% -89.83%
Treasury Stock Shares $44.86K $43.11K $103.0K
Shareholders Equity $117.2M $129.0M $164.2M
YoY Change
Total Liabilities & Shareholders Equity $245.2M $289.3M $337.6M
YoY Change -15.37% -10.85% 2.35%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$9.500M -$35.73M -$15.89M
YoY Change -63.04% 478.89% 580.09%
Depreciation, Depletion And Amortization $2.900M $3.000M $3.300M
YoY Change -21.62% 3.45% 17.86%
Cash From Operating Activities $6.600M -$10.40M -$16.90M
YoY Change -81.56% -45.26% -51.58%
INVESTING ACTIVITIES
Capital Expenditures -$2.300M -$1.300M -$1.200M
YoY Change 109.09% 116.67% 300.0%
Acquisitions
YoY Change
Other Investing Activities $2.500M $1.200M $13.50M
YoY Change -111.11% -95.6% -375.51%
Cash From Investing Activities $300.0K $0.00 $12.10M
YoY Change -101.28% -100.0% -332.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 9.500M
YoY Change
NET CHANGE
Cash From Operating Activities 6.600M -10.40M -16.90M
Cash From Investing Activities 300.0K 0.000 12.10M
Cash From Financing Activities 0.000 0.000 9.500M
Net Change In Cash 6.900M -10.40M 4.700M
YoY Change -43.9% -235.06% -111.72%
FREE CASH FLOW
Cash From Operating Activities $6.600M -$10.40M -$16.90M
Capital Expenditures -$2.300M -$1.300M -$1.200M
Free Cash Flow $8.900M -$9.100M -$15.70M
YoY Change -75.88% -50.54% -54.62%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
rail Postretirement Liability Activity
PostretirementLiabilityActivity
-157000
dei Amendment Flag
AmendmentFlag
false
dei City Area Code
CityAreaCode
800
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Document Period End Date
DocumentPeriodEndDate
2019-09-30
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Document Type
DocumentType
10-Q
dei Entity Address Address Line1
EntityAddressAddressLine1
Two North Riverside Plaza, Suite 1300
dei Entity Address City Or Town
EntityAddressCityOrTown
Chicago
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
60606
dei Entity Address State Or Province
EntityAddressStateOrProvince
IL
dei Entity Central Index Key
EntityCentralIndexKey
0001320854
CY2019Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12687573
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity File Number
EntityFileNumber
000-51237
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Registrant Name
EntityRegistrantName
FREIGHTCAR AMERICA, INC.
dei Entity Shell Company
EntityShellCompany
false
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
25-1837219
dei Local Phone Number
LocalPhoneNumber
458-2235
CY2019Q3 rail Deferred Income Government Grants Short Term
DeferredIncomeGovernmentGrantsShortTerm
2219000
rail Gain Loss On Sale Of Railcars Available For Lease
GainLossOnSaleOfRailcarsAvailableForLease
-5238000
CY2019Q3 rail Gain Loss On Sale Of Railcars Available For Lease
GainLossOnSaleOfRailcarsAvailableForLease
-42000
rail Gain On Sale Of Railcars Available For Lease
GainOnSaleOfRailcarsAvailableForLease
-5131000
rail Increase Decrease In Accrued Payroll And Employee Benefits
IncreaseDecreaseInAccruedPayrollAndEmployeeBenefits
-449000
rail Increase Decrease In Accrued Payroll And Employee Benefits
IncreaseDecreaseInAccruedPayrollAndEmployeeBenefits
1254000
rail Increase Decrease In Accrued Warranty
IncreaseDecreaseInAccruedWarranty
1464000
rail Increase Decrease In Accrued Warranty
IncreaseDecreaseInAccruedWarranty
-1643000
rail Increase Decrease In Inventory On Lease
IncreaseDecreaseInInventoryOnLease
32228000
dei Security12b Title
Security12bTitle
Common stock, par value $0.01 per share
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Trading Symbol
TradingSymbol
RAIL
CY2018Q4 rail Accrued Payroll And Other Employee Costs
AccruedPayrollAndOtherEmployeeCosts
1639000
CY2019Q3 rail Accrued Payroll And Other Employee Costs
AccruedPayrollAndOtherEmployeeCosts
4211000
rail Cost Of Railcars On Operating Leases Produced Or Acquired
CostOfRailcarsOnOperatingLeasesProducedOrAcquired
-5119000
CY2019Q3 rail Deferred Income Government Grants
DeferredIncomeGovernmentGrants
7496000
CY2018Q4 rail Deferred Income Government Grants Long Term
DeferredIncomeGovernmentGrantsLongTerm
6941000
CY2019Q3 rail Deferred Income Government Grants Long Term
DeferredIncomeGovernmentGrantsLongTerm
5277000
CY2018Q4 rail Deferred Income Government Grants Short Term
DeferredIncomeGovernmentGrantsShortTerm
2219000
CY2018Q4 rail Operating Assets
OperatingAssets
287691000
CY2019Q3 rail Operating Assets
OperatingAssets
287265000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-13210000
rail Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
8168000
rail Pension Liability Activity
PensionLiabilityActivity
265000
CY2018Q3 rail Pension Liability Activity
PensionLiabilityActivity
89000
rail Pension Liability Activity
PensionLiabilityActivity
412000
CY2019Q3 rail Pension Liability Activity
PensionLiabilityActivity
138000
CY2018Q3 rail Postretirement Liability Activity
PostretirementLiabilityActivity
-53000
rail Postretirement Liability Activity
PostretirementLiabilityActivity
-281000
CY2019Q3 rail Postretirement Liability Activity
PostretirementLiabilityActivity
-94000
rail Proceeds From Business Acquisition Operating Activities
ProceedsFromBusinessAcquisitionOperatingActivities
2655000
CY2015 rail Proceeds From Government Grants Received
ProceedsFromGovernmentGrantsReceived
15733000
CY2017 rail Proceeds From Government Grants Received
ProceedsFromGovernmentGrantsReceived
1410000
rail Proceeds From Sale Of Property Plant And Equipment Assets Held For Sale And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAssetsHeldForSaleAndRailcarsAvailableForLease
2458000
rail Proceeds From Sale Of Property Plant And Equipment Assets Held For Sale And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAssetsHeldForSaleAndRailcarsAvailableForLease
11519000
CY2015Q3 rail Purchase Price In Escrow
PurchasePriceInEscrow
1960000
CY2018Q4 rail Purchase Price In Escrow
PurchasePriceInEscrow
980000
CY2019Q3 rail Purchase Price In Escrow
PurchasePriceInEscrow
980000
CY2018Q4 rail Railcars Available For Lease Net
RailcarsAvailableForLeaseNet
64755000
CY2019Q3 rail Railcars Available For Lease Net
RailcarsAvailableForLeaseNet
47051000
rail Recognition Of Deferred Income From State And Local Incentives
RecognitionOfDeferredIncomeFromStateAndLocalIncentives
1665000
rail Recognition Of Deferred Income From State And Local Incentives
RecognitionOfDeferredIncomeFromStateAndLocalIncentives
1665000
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
661048
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1380000
CY2018Q4 us-gaap Assets
Assets
289737000
rail Segment Depreciation Depletion And Amortization
SegmentDepreciationDepletionAndAmortization
8341000
CY2018Q3 rail Segment Depreciation Depletion And Amortization
SegmentDepreciationDepletionAndAmortization
2894000
rail Segment Depreciation Depletion And Amortization
SegmentDepreciationDepletionAndAmortization
9487000
CY2019Q3 rail Segment Depreciation Depletion And Amortization
SegmentDepreciationDepletionAndAmortization
3010000
CY2019Q3 rail Weighted Average Cost Of Capital
WeightedAverageCostOfCapital
0.16
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
34749000
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
23994000
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
18218000
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
8735000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-8188000
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-8057000
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
90593000
CY2019Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
82550000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
117000
CY2018Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
-1000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
59000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2511000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
760000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
754000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
480000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2511000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
760000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
754000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
480000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
91000
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
140000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
351042
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
346948
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
665903
CY2019Q3 us-gaap Assets
Assets
289287000
CY2018Q4 us-gaap Assets Current
AssetsCurrent
155833000
CY2019Q3 us-gaap Assets Current
AssetsCurrent
132010000
CY2018Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
17169000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87788000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32876000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45070000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59441000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-54912000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14371000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12731678
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12731678
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
127000
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
127000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14804000
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6136000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-65517000
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-35685000
CY2019Q3 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
0
CY2019Q3 us-gaap Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
0
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3000000
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1281000
us-gaap Cost Of Revenue
CostOfRevenue
228279000
CY2018Q3 us-gaap Cost Of Revenue
CostOfRevenue
82806000
us-gaap Cost Of Revenue
CostOfRevenue
191255000
CY2019Q3 us-gaap Cost Of Revenue
CostOfRevenue
46061000
CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
208000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4840000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-346000
CY2018Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
6466000
CY2018Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
15519000
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
5841000
CY2019Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
5574000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1216000
CY2018Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
329000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1075000
CY2019Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
331000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8341000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9487000
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
573000
CY2018Q3 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
573000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.20
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.20
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.83
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1706000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-604000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2906000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.20
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.20
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.83
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
1748000
CY2018Q4 us-gaap Goodwill
Goodwill
21521000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
21521000
CY2019Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
21521000
us-gaap Gross Profit
GrossProfit
405000
CY2018Q3 us-gaap Gross Profit
GrossProfit
-3838000
us-gaap Gross Profit
GrossProfit
-6235000
CY2019Q3 us-gaap Gross Profit
GrossProfit
-5410000
CY2018Q4 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
18019000
CY2019Q3 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
0
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-19515000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8287000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-66224000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-36116000
us-gaap Income Taxes Paid
IncomeTaxesPaid
5000
us-gaap Income Taxes Paid
IncomeTaxesPaid
58000
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2046000
CY2019Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2022000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4603000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2115000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-576000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-387000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
18159000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11206000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
31305000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-9483000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-814000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
289000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14465000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-10407000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-406000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-1003000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-417000
us-gaap Interest Expense
InterestExpense
85000
CY2018Q3 us-gaap Interest Expense
InterestExpense
26000
us-gaap Interest Expense
InterestExpense
374000
CY2019Q3 us-gaap Interest Expense
InterestExpense
223000
us-gaap Interest Paid Net
InterestPaidNet
51000
us-gaap Interest Paid Net
InterestPaidNet
153000
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
CY2019Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
CY2018Q4 us-gaap Inventory Net
InventoryNet
64562000
CY2019Q3 us-gaap Inventory Net
InventoryNet
55656000
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
6812000
CY2019Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5311000
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
60112000
CY2019Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
50634000
us-gaap Lease Cost
LeaseCost
11348000
CY2019Q3 us-gaap Lease Cost
LeaseCost
3810000
CY2019Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.045
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
73031000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
97733000
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3024000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
27313000
CY2019Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7500000
CY2019Q3 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
3500000
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
20295000
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3820000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
11817000
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4873000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12869000
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20424000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20017000
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20595000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20325000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5393000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11785000
CY2019Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2018Q4 us-gaap Liabilities
Liabilities
96127000
CY2019Q3 us-gaap Liabilities
Liabilities
160291000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
289737000
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
289287000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
62050000
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
61733000
CY2019Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
10200000
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Note 14 &#x2013; Contingencies </font> </p> <p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;">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&#x2019;s potential losses in excess of the accrued warranty and legal provisions, if any, are not expected to be material to the Company&#x2019;s consolidated financial condition, results of operations or cash flows.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;">The Company received cash payments of </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">$15,733</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> and </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">$1,410</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> during 2015 and 2017, respectively, for Alabama state and local incentives related to its capital investment and employment levels at its Cherokee, Alabama (&#x201C;Shoals&#x201D;) 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 </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">six</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> years from the date of the incentive. In the event that employment levels drop below the minimum targeted levels of employment and any portion of the incentives is required to be paid back, the amount is unlikely to exceed the deferred liability balance of </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">$7,496</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> as of September 30, 2019. </font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;">As part of a settlement agreement reached with one of its customers, the Company agreed to pay </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">$7,500</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> to settle all claims related to a prior year&#x2019;s commercial dispute.&nbsp;&nbsp;During the three months ended September 30, 2019, the Company paid </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">$3,500</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> of the settlement amount and the remaining </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">$4,000</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> will be paid over a period of three years, or on an accelerated basis in the event both parties agree to accelerate delivery of railcars currently in the backlog.&nbsp; </font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;">In addition to the foregoing, the Company is involved in certain other pending and threatened legal proceedings, including commercial disputes and workers&#x2019; compensation and employee matters arising out of the conduct of its business.&nbsp;&nbsp;While the ultimate outcome of these other legal proceedings cannot be determined at this time, it is the opinion of management that the resolution of these other actions will not have a material adverse effect on the Company&#x2019;s financial condition, results of operations or cash flows.</font> </p> <p style="margin:0pt 0pt 4pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div>
us-gaap Nature Of Operations
NatureOfOperations
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">Note 1 &#x2013; Description of the Business</font> </p> <p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;">FreightCar America, Inc. (&#x201C;FreightCar&#x201D;) operates primarily in North America through its direct and indirect subsidiaries,&nbsp;&nbsp;JAC Operations, Inc., Johnstown America, LLC, Freight Car Services, Inc., JAIX Leasing Company (&#x201C;JAIX&#x201D;),&nbsp;&nbsp;FreightCar America Leasing, LLC, FreightCar America Leasing 1, LLC, FreightCar Roanoke, LLC, FreightCar Mauritius Ltd. (&#x201C;Mauritius&#x201D;), FreightCar Rail Services, LLC (&#x201C;FCRS&#x201D;),&nbsp;&nbsp;FreightCar Short Line, Inc. (&#x201C;FCSL&#x201D;), FreightCar Alabama, LLC and FreightCar (Shanghai) Trading Co., Ltd (herein collectively referred to as the &#x201C;Company&#x201D;), and manufactures a wide range of railroad freight cars, supplies railcar parts and leases freight cars.&nbsp;&nbsp;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. The Company is headquartered in Chicago, Illinois and has facilities in the following locations: Cherokee, Alabama; Grand Island, Nebraska; Johnstown, Pennsylvania; Roanoke, Virginia; and Shanghai, People&#x2019;s Republic of China.</font> </p> <p style="margin:5pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The Company and its direct and indirect subsidiaries are all Delaware corporations or Delaware limited liability companies except Mauritius, which is incorporated in Mauritius, and FreightCar (Shanghai) Trading Co., Ltd., which is organized in the People&#x2019;s Republic of China.&nbsp;&nbsp;The Company&#x2019;s direct and indirect subsidiaries are all wholly owned.</font> </p> <p style="margin:5pt 0pt 0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">On September 19, 2019</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> the Company announced </font><font style="display: inline;font-size:10pt;">the formation of a&nbsp;joint venture with&nbsp; </font><font style="display: inline;font-size:10pt;">Fabricaciones y Servicios de M&#xE9;xico, S.A. de C.V. (&#x201C;Fasemex&#x201D;)</font><font style="display: inline;font-size:10pt;">, a Mexican company with operations in both Mexico and the United States</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">T</font><font style="display: inline;color:#000000;font-size:10pt;">he joint venture will lease a manufacturing facility in Castanos, Mexico in which it will manufacture railcars. Production of railcars at the facility is expected to begin in mid 2020.</font> </p> <p><font size="1"> </font></p> </div> </div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-117000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9212000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12586000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
30712000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-67381000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25553000
us-gaap Net Income Loss
NetIncomeLoss
-14912000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-6172000
us-gaap Net Income Loss
NetIncomeLoss
-65648000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-35729000
CY2018Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
628000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3292000
CY2019Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1257000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Operating Income Loss
OperatingIncomeLoss
-20851000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-8713000
us-gaap Operating Income Loss
OperatingIncomeLoss
-66615000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-36256000
us-gaap Operating Lease Cost
OperatingLeaseCost
10541000
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3504000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4206000
CY2018Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1681000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4926000
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1563000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
85948000
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17144000
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
68804000
us-gaap Operating Lease Payments
OperatingLeasePayments
15581000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
69208000
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5012000
CY2019Q3 us-gaap Other Assets Current
OtherAssetsCurrent
7672000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2311000
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2106000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
108000
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
36000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
131000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
44000
CY2018Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
4450000
CY2019Q3 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
5022000
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1324000
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1402000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
801000
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4009000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
260000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1364000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1421000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
452000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
765000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
363000
CY2018Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
4975000
CY2019Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
4694000
us-gaap Other Restructuring Costs
OtherRestructuringCosts
132000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
929000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
117000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
59000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
101356000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1986000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1107000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1107000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3292000
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
4952000
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
1416000
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2500000
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2500000
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
552000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
10200000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
117442000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
20025000
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
5220000
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
5862000
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9309000
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7666000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
45317000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38912000
CY2018Q4 us-gaap Restricted Investments Current
RestrictedInvestmentsCurrent
4952000
CY2019Q3 us-gaap Restricted Investments Current
RestrictedInvestmentsCurrent
506000
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
1400000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
24351000
CY2019Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
23032000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
120799000
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
55359000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
224478000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
77287000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
180094000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
39088000
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
104100000
us-gaap Revenues
Revenues
228684000
CY2018Q3 us-gaap Revenues
Revenues
78968000
us-gaap Revenues
Revenues
185020000
CY2019Q3 us-gaap Revenues
Revenues
40651000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
32079000
us-gaap Share Based Compensation
ShareBasedCompensation
754000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
807000
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
305000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
231732000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21829000
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5448000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30791000
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7772000
us-gaap Severance Costs1
SeveranceCosts1
1318000
us-gaap Share Based Compensation
ShareBasedCompensation
2511000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
224697000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
219322000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
193610000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
164201000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
128996000
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
272030
CY2019Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
43105
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
9721000
CY2019Q3 us-gaap Treasury Stock Value
TreasuryStockValue
983000
us-gaap Variable Lease Cost
VariableLeaseCost
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12316497
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12325718
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12349670
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12359478
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12316497
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12325718
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12349670
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12359478
CY2018Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
3344000
CY2019Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
3816000

Files In Submission

Name View Source Status
0001193125-19-280229-index-headers.html Edgar Link pending
0001193125-19-280229-index.html Edgar Link pending
0001193125-19-280229.txt Edgar Link pending
0001193125-19-280229-xbrl.zip Edgar Link pending
d811300d10q.htm Edgar Link pending
d811300dex311.htm Edgar Link pending
d811300dex312.htm Edgar Link pending
d811300dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx 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
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rail-20190930.xml Edgar Link completed
rail-20190930.xsd Edgar Link pending
rail-20190930_cal.xml Edgar Link unprocessable
rail-20190930_def.xml Edgar Link unprocessable
rail-20190930_lab.xml Edgar Link unprocessable
rail-20190930_pre.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending