$RAIL
FreightCar America, Inc.

2020 Q4 Form 10-Q Financial Statement

#000156276220000405 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $60.60M $25.20M $44.90M
YoY Change 34.97% -38.0% -48.86%
Cost Of Revenue $55.10M $29.28M $53.00M
YoY Change 3.96% -36.43% -42.33%
Gross Profit $5.500M -$4.079M -$8.100M
YoY Change -167.9% -24.6% 102.5%
Gross Profit Margin 9.08% -16.19% -18.04%
Selling, General & Admin $8.700M $7.158M $7.500M
YoY Change 16.0% -7.9% 4.17%
% of Gross Profit 158.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.200M $2.100M $2.900M
YoY Change -58.62% -30.0% -21.62%
% of Gross Profit 21.82%
Operating Expenses $8.700M $7.158M $7.500M
YoY Change 16.0% -7.9% 4.17%
Operating Profit -$3.200M -$41.34M -$15.60M
YoY Change -79.49% 14.02% 39.29%
Interest Expense -$5.200M $208.0K -$200.0K
YoY Change 2500.0% -6.73% 100.0%
% of Operating Profit
Other Income/Expense, Net $100.0K $160.0K $100.0K
YoY Change 0.0% -55.92% -75.0%
Pretax Income -$14.40M -$41.39M -$9.100M
YoY Change 58.24% 14.6% -16.51%
Income Tax $300.0K -$75.00K $500.0K
% Of Pretax Income
Net Earnings -$14.40M -$40.32M -$9.500M
YoY Change 51.58% 12.86% -63.04%
Net Earnings / Revenue -23.76% -160.0% -21.16%
Basic Earnings Per Share -$3.03
Diluted Earnings Per Share -$872.7K -$3.03 -$766.1K
COMMON SHARES
Basic Shares Outstanding 15.53M 12.43M 12.69M
Diluted Shares Outstanding 12.43M

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.00M $32.80M $66.30M
YoY Change -18.55% -44.78% 5.07%
Cash & Equivalents $54.05M $32.76M $66.26M
Short-Term Investments $0.00
Other Short-Term Assets $14.20M $4.737M $7.035M
YoY Change 101.85% -38.26% 40.36%
Inventory $38.83M $60.19M $25.09M
Prepaid Expenses $3.652M $7.035M
Receivables $9.421M $10.29M $6.991M
Other Receivables $0.00 $100.0K $0.00
Total Short-Term Assets $121.0M $118.6M $109.7M
YoY Change 10.3% -10.12% -29.62%
LONG-TERM ASSETS
Property, Plant & Equipment $19.64M $19.44M $38.56M
YoY Change -49.07% -50.03% -14.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.037M $817.0K $1.552M
YoY Change 95.68% -61.21% -32.84%
Total Long-Term Assets $61.76M $92.46M $135.5M
YoY Change -54.43% -41.21% 1.21%
TOTAL ASSETS
Total Short-Term Assets $121.0M $118.6M $109.7M
Total Long-Term Assets $61.76M $92.46M $135.5M
Total Assets $182.7M $211.1M $245.2M
YoY Change -25.47% -27.03% -15.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.84M $20.61M $11.71M
YoY Change 52.31% -14.12% -66.29%
Accrued Expenses $22.00M $30.30M $27.90M
YoY Change -21.15% -7.62% 95.1%
Deferred Revenue $4.351M $29.78M $5.123M
YoY Change -15.07% 2224.36% 70.77%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $17.61M $15.83M
YoY Change
Total Short-Term Liabilities $71.15M $103.5M $49.43M
YoY Change 43.94% 67.69% -20.34%
LONG-TERM LIABILITIES
Long-Term Debt $37.67M $4.375M $10.20M
YoY Change 269.29% -57.11%
Other Long-Term Liabilities $2.600M $3.446M $3.420M
YoY Change -23.98% -14.04% 326.97%
Total Long-Term Liabilities $40.27M $7.821M $13.62M
YoY Change 195.65% 95.09% 1600.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.15M $103.5M $49.43M
Total Long-Term Liabilities $40.27M $7.821M $13.62M
Total Liabilities $152.2M $164.7M $128.0M
YoY Change 18.9% 2.75% 33.21%
SHAREHOLDERS EQUITY
Retained Earnings -$38.62M -$24.24M $45.82M
YoY Change -184.28% -143.78% -62.07%
Common Stock $159.0K $136.0K $127.0K
YoY Change 25.2% 7.09% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.344M $1.341M $989.0K
YoY Change 35.89% 36.42% -89.83%
Treasury Stock Shares $327.6K $326.3K $44.86K
Shareholders Equity $30.50M $47.86M $117.2M
YoY Change
Total Liabilities & Shareholders Equity $182.7M $211.1M $245.2M
YoY Change -25.47% -27.03% -15.37%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income -$14.40M -$40.32M -$9.500M
YoY Change 51.58% 12.86% -63.04%
Depreciation, Depletion And Amortization $1.200M $2.100M $2.900M
YoY Change -58.62% -30.0% -21.62%
Cash From Operating Activities -$19.90M -$18.20M $6.600M
YoY Change -401.52% 75.0% -81.56%
INVESTING ACTIVITIES
Capital Expenditures -$1.500M -$1.300M -$2.300M
YoY Change -34.78% 0.0% 109.09%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.700M $2.500M
YoY Change -100.0% 208.33% -111.11%
Cash From Investing Activities -$1.600M $2.400M $300.0K
YoY Change -633.33% -101.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 42.80M 0.000 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -19.90M -18.20M 6.600M
Cash From Investing Activities -1.600M 2.400M 300.0K
Cash From Financing Activities 42.80M 0.000 0.000
Net Change In Cash 21.30M -15.80M 6.900M
YoY Change 208.7% 51.92% -43.9%
FREE CASH FLOW
Cash From Operating Activities -$19.90M -$18.20M $6.600M
Capital Expenditures -$1.500M -$1.300M -$2.300M
Free Cash Flow -$18.40M -$16.90M $8.900M
YoY Change -306.74% 85.71% -75.88%

Facts In Submission

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rail Pension And Postretirement Liability Activity
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CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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279000
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131000
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59000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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754000
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
128996000
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
117154000
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421000
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9000
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
296000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46406000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-71456000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-65648000
rail Non Cash Restructuring Costs And Asset Impairment Charges
NonCashRestructuringCostsAndAssetImpairmentCharges
26868000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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41300000
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-10407000
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-2340000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1706000
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IncreaseDecreaseInAccountsPayable
9062000
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IncreaseDecreaseInAccountsPayable
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rail Increase Decrease In Accrued Payroll And Employee Benefits
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3011000
rail Increase Decrease In Accrued Payroll And Employee Benefits
IncreaseDecreaseInAccruedPayrollAndEmployeeBenefits
1254000
rail Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
8168000
rail Recognition Of Deferred Income From State And Local Incentives
RecognitionOfDeferredIncomeFromStateAndLocalIncentives
1665000
rail Recognition Of Deferred Income From State And Local Incentives
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1665000
rail Gain On Sale Of Railcars Available For Lease
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-5131000
us-gaap Share Based Compensation
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296000
us-gaap Share Based Compensation
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754000
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OtherNoncashIncomeExpense
209000
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3302000
us-gaap Increase Decrease In Income Taxes Receivable
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-909000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
289000
rail Increase Decrease In Accrued Warranty
IncreaseDecreaseInAccruedWarranty
-880000
rail Increase Decrease In Accrued Warranty
IncreaseDecreaseInAccruedWarranty
-1643000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-9110000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-13210000
rail Increase Decrease In Customer Deposit
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24652000
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
-1719000
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2489000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
4625000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-242000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-417000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-38981000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25553000
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
4037000
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
1416000
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
7624000
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
5862000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1986000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
20025000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8267000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3292000
rail Proceeds From Sale Of Property Plant And Equipment Assets Held For Sale And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAssetsHeldForSaleAndRailcarsAvailableForLease
170000
rail Proceeds From Sale Of Property Plant And Equipment Assets Held For Sale And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAssetsHeldForSaleAndRailcarsAvailableForLease
11519000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4510000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
30712000
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
34059000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15102000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10200000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
59000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
929000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9991000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9212000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33500000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14371000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66257000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45070000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32757000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59441000
us-gaap Interest Paid Net
InterestPaidNet
280000
us-gaap Interest Paid Net
InterestPaidNet
153000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
482000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1000
us-gaap Income Taxes Paid
IncomeTaxesPaid
58000
us-gaap Nature Of Operations
NatureOfOperations
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">Note 1 – Description of the Business</span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">FreightCar America, Inc. (“FreightCar”) operates primarily in North America through its direct and indirect subsidiaries, </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">FreightCar North America, LLC (f/k/a FCAI Holdings, LLC), (“FreightCar North America”) </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">JAC Operations, Inc., Johnstown America, LLC, Freight Car Services, Inc., JAIX Leasing Company (“JAIX”), FreightCar America Leasing, LLC, FreightCar America Leasing 1, LLC, FreightCar Roanoke, LLC, FreightCar Mauritius Ltd. (“Mauritius”), FreightCar Rail Services, LLC (“FCRS”), FreightCar Short Line, Inc. (“FCSL”), FreightCar Alabama, LLC FreightCar (Shanghai) Trading Co., Ltd, FCA-FASEMEX, LLC, FCA-FASEMEX, S. de R.L. de C.V. and FCA-FASEMEX Enterprise, S. de R.L. de C.V. (herein collectively referred to as the “Company”), 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: Cherokee, Alabama; Johnstown, Pennsylvania; Shanghai, People’s Republic of China, and in Castaños</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">, Mexico</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">.</span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">As of September 30, 2020, the Company’s direct and indirect subsidiaries are wholly owned except for the Fasemex entities related to our Mexico operations. The Company and its direct and indirect subsidiaries are all Delaware corporations or Delaware limited liability companies except Mauritius, which is incorporated in Mauritius, FreightCar (Shanghai) Trading Co., Ltd., which is organized in the People’s Republic of China, and </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">FCA-FASEMEX, S. de R.L., de C.V. and FCA-FASEMEX Enterprise, S. de R.L. de C.V.</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> which are organized in Mexico. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">During 2019, the Company entered into a joint venture arrangement with </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Fabricaciones y Servicios de México, S.A. de C.V. (“Fasemex”), a Mexican company with operations in both Mexico and the United States </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">to manufacture railcars in </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Castaños</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">, Mexico, in exchange for a </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">50</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">% interest in the operation. </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Production of railcars at the facility began during the third quarter of 2020. On October 16, 2020, the Company acquired Fasemex’s </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">50</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">% ownership in the joint venture. The Company plans to conduct all of its production at the </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Castaños</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> facility by February 2021. </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">See Note 17 </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">–</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Subsequent Events.</span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The Company ceased operations at its Roanoke, Virginia manufacturing facility and vacated the facility as of March 31, 2020. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">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 COVID-19 pandemic. The closure will reduce costs and align the Company’s manufacturing capacity with the current rail car market. The Company intends to cease production at the Shoals facility by the end of 2020 or during the first quarter of 2021, with full closure to be completed by the end of the first quarter of 2021.</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> See Note 16</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">–</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Restructuring and Impairment Charges.</span></p>
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2515000
us-gaap Operating Lease Cost
OperatingLeaseCost
8412000
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
210000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
581000
CY2020Q3 us-gaap Lease Cost
LeaseCost
2725000
us-gaap Lease Cost
LeaseCost
8993000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
44548000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
59650000
us-gaap Operating Lease Payments
OperatingLeasePayments
13371000
us-gaap Operating Lease Payments
OperatingLeasePayments
13371000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1326000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1326000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4366000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17387000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10205000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9074000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8332000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
18040000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
67404000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7754000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
59650000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17743000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17200000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9969000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8832000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8082000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
16164000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
77990000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9263000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
68727000
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M24D
CY2020Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.045
rail Lesee Operating Lease Number Of Renewal Options
LeseeOperatingLeaseNumberOfRenewalOptions
2
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
32079000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23967000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
39088000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43750000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
180094000
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1235000
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1563000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4107000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4926000
CY2020Q3 us-gaap Revenues
Revenues
25202000
CY2019Q3 us-gaap Revenues
Revenues
40651000
us-gaap Revenues
Revenues
47857000
us-gaap Revenues
Revenues
185020000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
972000
CY2020Q3 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
0
CY2020Q3 us-gaap Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
0
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
32076000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5607000
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
61379000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2015Q3 rail Purchase Price In Escrow
PurchasePriceInEscrow
1960000
CY2019Q4 rail Purchase Price In Escrow
PurchasePriceInEscrow
980000
CY2020Q3 us-gaap Decrease In Restricted Cash
DecreaseInRestrictedCash
980000
CY2020Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
8978000
CY2020Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
17540000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5886000
CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
55457000
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
19742000
CY2020Q3 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
4729000
CY2019Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
5350000
CY2020Q3 us-gaap Inventory Net
InventoryNet
60186000
CY2019Q4 us-gaap Inventory Net
InventoryNet
25092000
CY2020Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
11839000
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5633000
CY2020Q3 rail Increase Decrease In Inventory Valuation Reserves
IncreaseDecreaseInInventoryValuationReserves
5000000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
7500000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2500000
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
20200000
CY2020Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
15825000
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4375000
CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
140000
CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
140000
CY2019Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
44000
CY2019Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
44000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
421000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
421000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
131000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
131000
CY2019Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
331000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1075000
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">Note 14 – Contingencies and Legal Settlements </span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">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 dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The Company received cash payments of $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">15,733</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> and $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">1,410</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> during 2015 and 2017, respectively, for Alabama state and local incentives related to its capital investment and employment levels at its Cherokee, Alabama (“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="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">six year</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">s from the date of the incentive. In the event that any portion of the incentives is required to be paid back, the amount is unlikely to exceed the deferred liability balance of $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">5,277</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> as of September 30, 2020. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">As part of a settlement agreement reached with one of its customers during 2019, the Company agreed to pay $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">7,500</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> to settle all claims related to a prior year’s commercial dispute. During 2019, the Company paid $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">3,500</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> of the settlement amount and the remaining $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">4,000</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> will be paid over a period of </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">three year</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">s, or on an accelerated basis in the event both parties agree to accelerate delivery of railcars currently in the backlog. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">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. 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’s financial condition, results of operations or cash flows.</span></p>
CY2015 rail Proceeds From Government Grants Received
ProceedsFromGovernmentGrantsReceived
15733000
CY2017 rail Proceeds From Government Grants Received
ProceedsFromGovernmentGrantsReceived
1410000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
665903
CY2020Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
17540000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
17540000
CY2020Q3 rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
9031000
CY2020Q3 rail Deferred Income Government Grants
DeferredIncomeGovernmentGrants
5277000
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7500000
CY2019 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
3500000
rail Loss Contingency Accrual Payments Term
LossContingencyAccrualPaymentsTerm
P3Y
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12426872
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12359478
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12399687
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12349670
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12426872
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12359478
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12399687
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12349670
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1104263
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
661048
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1083881
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
26518000
CY2020Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
17540000
CY2020Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
8978000
CY2020Q3 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
3532000
CY2020Q3 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
3359000
CY2020Q3 us-gaap Assets Held For Sale Long Lived Fair Value Disclosure
AssetsHeldForSaleLongLivedFairValueDisclosure
10383000
CY2019Q3 rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
61000
rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
9469000
rail Impairment And Gain Loss On Sale Of Property Plant Equipment
ImpairmentAndGainLossOnSaleOfPropertyPlantEquipment
1380000
CY2020Q3 us-gaap Severance Costs1
SeveranceCosts1
3381000
CY2019Q3 us-gaap Severance Costs1
SeveranceCosts1
1318000
us-gaap Severance Costs1
SeveranceCosts1
3378000
us-gaap Severance Costs1
SeveranceCosts1
1318000
CY2019Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
21521000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
21521000
CY2020Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
151000
CY2019Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
132000
us-gaap Other Restructuring Costs
OtherRestructuringCosts
863000
us-gaap Other Restructuring Costs
OtherRestructuringCosts
132000
CY2020Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
30103000
CY2019Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
23032000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
31250000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
24351000
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
us-gaap Restructuring Charges
RestructuringCharges
1450000
rail Restructuring Reserve Non Cash Charges
RestructuringReserveNonCashCharges
22901000
us-gaap Payments For Restructuring
PaymentsForRestructuring
84000
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
1366000
CY2020Q4 rail Warrant Percentage Of Oustanding Common Stock
WarrantPercentageOfOustandingCommonStock
0.23

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