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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Sales by Major Product Line | The following table summarizes the Company’s sales by major product and service line for the periods presented:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Rail Products |  | $ | 47,442 |  |  | $ | 60,137 |  |  | $ | 156,803 |  |  | $ | 164,612 |
Global Friction Management |  | 19,548 |  |  | 16,125 |  |  | 51,008 |  |  | 49,624 |
Technology Services and Solutions |  | 12,508 |  |  | 10,604 |  |  | 39,904 |  |  | 28,630 |
Rail, Technologies, and Services |  | 79,498 |  |  | 86,866 |  |  | 247,715 |  |  | 242,866 |
Precast Concrete Products |  | 42,688 |  |  | 38,642 |  |  | 97,730 |  |  | 96,795 |
Steel Products |  | 15,280 |  |  | 19,837 |  |  | 57,137 |  |  | 69,206 |
Infrastructure Solutions |  | 57,968 |  |  | 58,479 |  |  | 154,867 |  |  | 166,001 |
Total net sales |  | $ | 137,466 |  |  | $ | 145,345 |  |  | $ | 402,582 |  |  | $ | 408,867 |
Schedule of Disaggregation of Revenue | Net sales by the timing of the transfer of goods and services was as follows for the periods presented:
|  | Three Months Ended September 30, 2024
|  | Rail, Technologies, and Services |  | Infrastructure Solutions |  |  |  | Total
Point in time |  | $ | 62,717 |  |  | $ | 33,462 |  |  |  |  | $ | 96,179 |
Over time |  | 16,781 |  |  | 24,506 |  |  |  |  | 41,287 |
Total net sales |  | $ | 79,498 |  |  | $ | 57,968 |  |  |  |  | $ | 137,466 |
|  | Three Months Ended September 30, 2023
|  | Rail, Technologies, and Services |  | Infrastructure Solutions |  |  |  | Total
Point in time |  | $ | 72,246 |  |  | $ | 38,534 |  |  |  |  | $ | 110,780 |
Over time |  | 14,620 |  |  | 19,945 |  |  |  |  | 34,565 |
Total net sales |  | $ | 86,866 |  |  | $ | 58,479 |  |  |  |  | $ | 145,345 |
|  | Nine Months Ended September 30, 2024
|  | Rail, Technologies, and Services |  | Infrastructure Solutions |  |  |  | Total
Point in time |  | $ | 198,179 |  |  | $ | 98,246 |  |  |  |  | $ | 296,425 |
Over time |  | 49,536 |  |  | 56,621 |  |  |  |  | 106,157 |
Total net sales |  | $ | 247,715 |  |  | $ | 154,867 |  |  |  |  | $ | 402,582 |
|  | Nine Months Ended September 30, 2023
|  | Rail, Technologies, and Services |  | Infrastructure Solutions |  |  |  | Total
Point in time |  | $ | 202,003 |  |  | $ | 102,609 |  |  |  |  | $ | 304,612 |
Over time |  | 40,863 |  |  | 63,392 |  |  |  |  | 104,255 |
Total net sales |  | $ | 242,866 |  |  | $ | 166,001 |  |  |  |  | $ | 408,867 |
Revenue recognized over time was as follows for the periods presented:
|  | Three Months Ended September 30, |  | Percentage of Total Net Sales Three Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Over time input method |  | $ | 15,020 |  |  | $ | 12,642 |  |  | 10.9 | % |  | 8.7 | %
Over time output method |  | 26,267 |  |  | 21,923 |  |  | 19.1 |  |  | 15.1 |
Total over time sales |  | $ | 41,287 |  |  | $ | 34,565 |  |  | 30.0 | % |  | 23.8 | %
|  | Nine Months Ended September 30, |  | Percentage of Total Net Sales Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Over time input method |  | $ | 42,259 |  |  | $ | 44,577 |  |  | 10.5 | % |  | 10.9 | %
Over time output method |  | 63,898 |  |  | 59,678 |  |  | 15.9 |  |  | 14.6 |
Total over time sales |  | $ | 106,157 |  |  | $ | 104,255 |  |  | 26.4 | % |  | 25.5 | %
Schedule of Contract with Customer, Contract Asset, Contract Liability | The following table sets forth the Company’s contract assets:
|  | Contract Assets
Balance as of December 31, 2023 |  | $ | 29,489 |
Net additions to contract assets |  | 9,898 |
Transfers from contract asset balance to accounts receivable |  | (19,201) |
Balance as of September 30, 2024 |  | $ | 20,186 |
The following table sets forth the Company’s contract liabilities:
|  | Contract Liabilities
Balance as of December 31, 2023 |  | $ | 2,189 |
Revenue recognized from contract liabilities |  | (1,285) |
Increase in billings in excess of cost, excluding revenue recognized |  | 1,744 |
Other adjustments |  | (317) |
Balance as of September 30, 2024 |  | $ | 2,331 |

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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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