XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.25.1

Business Segments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The operating results of the Company’s reportable segments were as follows for the periods presented:
|  | Three Months Ended March 31, 2025
|  | Rail, Technologies, and Services |  | Infrastructure Solutions |  | Total
Net sales |  | $ | 54,015 |  |  | $ | 43,777 |  |  | $ | 97,792 |
Less: |  |  |  |  |  |
Cost of sales |  | (41,986) |  |  | (35,655) |  |  | (77,641) |
Selling and administrative employment costs |  | (7,399) |  |  | (5,564) |  |  | (12,963) |
Purchased services(1) |  | (1,673) |  |  | (1,358) |  |  | (3,031) |
General administrative costs(2) |  | (1,993) |  |  | (1,342) |  |  | (3,335) |
Amortization expense |  | (820) |  |  | (302) |  |  | (1,122) |
Segment operating income (loss) |  | $ | 144 |  |  | $ | (444) |  |  | $ | (300) |
Reconciliation of segment operating loss |  |  |  |  |  |
Total segment operating loss |  |  |  |  |  | $ | (300) |
Interest expense - net |  |  |  |  |  | (1,143) |
Other income - net |  |  |  |  |  | 318 |
Public company costs |  |  |  |  |  | (1,154) |
Corporate executive management costs |  |  |  |  |  | (220) |
Corporate management stock-based compensation |  |  |  |  |  | (278) |
Other corporate expenses - net |  |  |  |  |  | 29 |
Loss before income taxes |  |  |  |  |  | $ | (2,748) |
(1) Purchased services costs include contractor services, insurance expenditures, rental expense, and legal services. (2) General administrative costs generally include office supplies, utilities, advertising, bad debt expense, depreciation and restructuring expenditures.
|  | Three Months Ended March 31, 2024
|  | Rail, Technologies, and Services |  | Infrastructure Solutions |  | Total
Net sales |  | $ | 82,623 |  |  | $ | 41,697 |  |  | $ | 124,320 |
Less: |  |  |  |  |  |
Cost of sales |  | (64,052) |  |  | (34,092) |  |  | (98,144) |
Selling and administrative employment costs |  | (7,482) |  |  | (5,818) |  |  | (13,300) |
Purchased services(1) |  | (1,939) |  |  | (1,578) |  |  | (3,517) |
General administrative costs(2) |  | (1,501) |  |  | (1,251) |  |  | (2,752) |
Amortization expense |  | (871) |  |  | (346) |  |  | (1,217) |
Segment operating income (loss) |  | $ | 6,778 |  |  | $ | (1,388) |  |  | $ | 5,390 |
Reconciliation of segment operating income |  |  |  |  |  |
Total segment operating income |  |  |  |  |  | $ | 5,390 |
Gain on sale of former joint venture facility |  |  |  |  |  | 3,477 |
Interest expense - net |  |  |  |  |  | (1,125) |
Other income - net |  |  |  |  |  | 253 |
Public company costs |  |  |  |  |  | (1,219) |
Corporate executive management costs |  |  |  |  |  | (1,407) |
Corporate management stock-based compensation |  |  |  |  |  | (599) |
Other corporate expenses |  |  |  |  |  | (76) |
Income before income taxes |  |  |  |  |  | $ | 4,694 |
(1) Purchased services costs include contractor services, insurance expenditures, rental expense, and legal services. (2) General administrative costs generally include office supplies, utilities, advertising, bad debt expense, depreciation and restructuring expenditures. Reconciliations of reportable depreciation and amortization and expenditures for long-lived assets to the Company’s consolidated totals are as follows for the periods ended March 31:
|  |  |  | Three Months Ended March 31, 2025
|  |  |  | Depreciation/Amortization |  | Expenditures for Long-Lived Assets
Rail, Technologies, and Services |  |  |  | $ | 1,168 |  |  | $ | 427 |
Infrastructure Solutions |  |  |  | 1,764 |  |  | 2,038 |
Reportable segments total |  |  |  | $ | 2,932 |  |  | $ | 2,465 |
Corporate |  |  |  | 495 |  |  | 110 |
Total |  |  |  | $ | 3,427 |  |  | $ | 2,575 |
|  |  |  | Three Months Ended March 31, 2024
|  |  |  | Depreciation/Amortization |  | Expenditures for Long-Lived Assets
Rail, Technologies, and Services |  |  |  | $ | 1,221 |  |  | $ | 536 |
Infrastructure Solutions |  |  |  | 1,911 |  |  | 2,033 |
Reportable segments total |  |  |  | $ | 3,132 |  |  | $ | 2,569 |
Corporate |  |  |  | 459 |  |  | 143 |
Total |  |  |  | $ | 3,591 |  |  | $ | 2,712 |
The following table summarizes the Company's total assets by reportable segment for the following periods:
|  | March 31, 2025 |  | December 31, 2024
Rail, Technologies, and Services |  | $ | 149,333 |  |  | $ | 158,859 |
Infrastructure Solutions |  | 131,689 |  |  | 123,755 |
Reportable segments total |  | 281,022 |  |  | 282,614 |
Corporate |  | 61,804 |  |  | 51,936 |
Total |  | $ | 342,826 |  |  | $ | 334,550 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration