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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Reconciliation of Revenue from Segments to Consolidated | The operating results and assets of the Company’s reportable segments were as follows as of and for the year ended December 31, 2023:
|  | 2023
|  | Net Sales |  | Segment Operating Income |  | Segment Assets |  | Depreciation/Amortization |  | Expenditures for Long-Lived Assets
Rail, Technologies, and Services |  | $ | 312,160 |  |  | $ | 12,306 |  |  | $ | 156,638 |  |  | $ | 5,172 |  |  | $ | 1,165 |
Infrastructure Solutions |  | 231,584 |  |  | 8,622 |  |  | 130,247 |  |  | 8,262 |  |  | 2,349 |
Total |  | $ | 543,744 |  |  | $ | 20,928 |  |  | $ | 286,885 |  |  | $ | 13,434 |  |  | $ | 3,514 |
Included in the Rail segment operating income for the year ended December 31, 2023 was a $1,862 expense related to bad debt due to a customer filing for administrative protection and a $676 expense related to restructuring, both of which were within the Company’s UK based Technology Services and Solutions business. Included in the Infrastructure segment operating income for the year ended December 31, 2023 were the Bridge Exit Costs, as well as the sales and related gross profit impact of the Bridge Exit. The operating results and assets of the Company’s reportable segments were as follows as of and for the year ended December 31, 2022:
|  | 2022
|  | Net Sales |  | Segment Operating Income (Loss) |  | Segment Assets |  | Depreciation/Amortization |  | Expenditures for Long-Lived Assets
Rail, Technologies, and Services |  | $ | 300,592 |  |  | $ | 11,454 |  |  | $ | 172,111 |  |  | $ | 5,620 |  |  | $ | 1,218 |
Infrastructure Solutions |  | 196,905 |  |  | (9,132) |  |  | 163,114 |  |  | 7,664 |  |  | 3,100 |
Total |  | $ | 497,497 |  |  | $ | 2,322 |  |  | $ | 335,225 |  |  | $ | 13,284 |  |  | $ | 4,318 |
Included in the Infrastructure segment operating loss for the year ended December 31, 2022 were pre-tax impairment charges of $8,016 associated with goodwill and intangible assets within the Steel Products business unit.
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Reconciliations of reportable segment operating income, assets, depreciation/amortization, and expenditures for long-lived assets to the Company’s consolidated totals are as follows as of and for the years ended December 31:
|  | 2023 |  | 2022 |  |
Income from operations: |  |  |  |  |  |
Total segment operating income |  | $ | 20,928 |  |  | $ | 2,322 |  |  |
Interest expense - net |  | (5,528) |  |  | (3,340) |  |  |
Other (expense) income - net |  | (2,635) |  |  | 1,550 |  |  |
Public company costs |  | (4,814) |  |  | (4,361) |  |  |
Corporate executive management costs |  | (3,807) |  |  | (3,950) |  |  |
Corporate management stock-based compensation |  | (2,816) |  |  | (1,163) |  |  |
Other |  | (384) |  |  | (54) |  |  |
Income (loss) before income taxes |  | $ | 944 |  |  | $ | (8,996) |  |  |
Assets: |  |  |  |  |  |
Total segment assets |  | $ | 286,885 |  |  | $ | 335,225 |  |  |
Unallocated corporate assets |  | 25,516 |  |  | 30,085 |  |  |
Assets |  | $ | 312,401 |  |  | $ | 365,310 |  |  |
Depreciation/Amortization: |  |  |  |  |  |
Total segment depreciation/amortization |  | $ | 13,434 |  |  | $ | 13,284 |  |  |
Corporate depreciation/amortization |  | 1,829 |  |  | 1,495 |  |  |
Depreciation/amortization |  | $ | 15,263 |  |  | $ | 14,779 |  |  |
Expenditures for Long-Lived Assets: |  |  |  |  |  |
Total segment expenditures for long-lived assets |  | $ | 3,514 |  |  | $ | 4,318 |  |  |
Corporate expenditures for long-lived assets |  | 999 |  |  | 3,315 |  |  |
Expenditures for long-lived assets |  | $ | 4,513 |  |  | $ | 7,633 |  |  |
Schedule of Revenue from Customer by Major Geographical Region | The following table summarizes the Company’s sales by major geographic region in which the Company had operations for the years ended December 31:
|  | 2023 |  | 2022 |  |
United States |  | $ | 463,936 |  |  | $ | 378,339 |  |  |
Canada |  | 24,925 |  |  | 38,489 |  |  |
United Kingdom |  | 41,418 |  |  | 46,590 |  |  |
Other |  | 13,465 |  |  | 34,079 |  |  |
Total net sales |  | $ | 543,744 |  |  | $ | 497,497 |  |  |
Schedule of Reconciliation of Assets from Segment to Consolidated | The following table summarizes the Company’s long-lived assets by geographic region as of December 31:
|  | 2023 |  | 2022 |  |
United States |  | $ | 72,840 |  |  | $ | 82,846 |  |  |
Canada |  | 56 |  |  | 110 |  |  |
United Kingdom |  | 1,833 |  |  | 1,533 |  |  |
Other |  | 850 |  |  | 855 |  |  |
Total property, plant, and equipment - net |  | $ | 75,579 |  |  | $ | 85,344 |  |  |
Schedule of Revenues by Major Product Line | The following table summarizes the Company’s sales by major product and service line for the years ended December 31:
|  |  |  | December 31, |  |
|  |  |  |  |  | 2023 |  | 2022 |  |
Rail Products |  |  |  |  |  | $ | 205,797 |  |  | $ | 202,559 |  |  |
Global Friction Management |  |  |  |  |  | 63,946 |  |  | 54,811 |  |  |
Technology Services and Solutions |  |  |  |  |  | 42,417 |  |  | 43,222 |  |  |
Rail, Technologies, and Services |  |  |  |  |  | 312,160 |  |  | 300,592 |  |  |
Precast Concrete Products |  |  |  |  |  | 136,458 |  |  | 104,212 |  |  |
Steel Products |  |  |  |  |  | 95,126 |  |  | 92,693 |  |  |
Infrastructure Solutions |  |  |  |  |  | 231,584 |  |  | 196,905 |  |  |
Total net sales |  |  |  |  |  | $ | 543,744 |  |  | $ | 497,497 |  |  |

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