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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | For the years ended December 31, 2023 and 2022, revenue recognized over time was as follows:
|  | Year Ended December 31, |  | Percentage of Total Net Sales Year Ended December 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Over time input method |  | $ | 59,864 |  |  | $ | 67,116 |  |  | 11.1 | % |  | 13.5 | %
Over time output method |  | 88,856 |  |  | 68,794 |  |  | 16.3 |  |  | 13.8 |
Total over time sales |  | $ | 148,720 |  |  | $ | 135,910 |  |  | 27.4 | % |  | 27.3 | %
For the years ended December 31, 2023 and 2022, net sales by the timing of the transfer of goods and services were as follows:
Year Ended December 31, 2023 |  | Rail, Technologies, and Services |  | Infrastructure Solutions |  | Total
Point in time |  | $ | 254,345 |  |  | $ | 140,679 |  |  | $ | 395,024 |
Over time |  | 57,815 |  |  | 90,905 |  |  | 148,720 |
Total net sales |  | $ | 312,160 |  |  | $ | 231,584 |  |  | $ | 543,744 |
Year Ended December 31, 2022 |  | Rail, Technologies, and Services |  | Infrastructure Solutions |  | Total
Point in time |  | $ | 241,759 |  |  | $ | 119,828 |  |  | $ | 361,587 |
Over time |  | 58,833 |  |  | 77,077 |  |  | 135,910 |
Total net sales |  | $ | 300,592 |  |  | $ | 196,905 |  |  | $ | 497,497 |
Schedule of Contract with Customer, Contract Asset, Contract Liability | The following table sets forth the Company’s contract assets:
|  | Contract Assets
Contract asset balance as of December 31, 2022 |  | $ | 33,613 |
Net additions to contract assets |  | 9,638 |
Transfers from contract asset balance to accounts receivable |  | (13,762) |
Contract asset balance as of December 31, 2023 |  | $ | 29,489 |
The following table sets forth the Company’s contract liabilities:
|  | Contract Liabilities
Contract liability balance as of December 31, 2022 |  | $ | 6,781 |
Revenue recognized from contract liabilities |  | (5,121) |
Increase in billings in excess of costs, excluding revenue recognized |  | 2,204 |
Other adjustments, including business divestiture |  | (1,675) |
Balance as of December 31, 2023 |  | $ | 2,189 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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