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Leased Railcars

12 Months Ended

Dec. 31, 2017

Leased Railcars [Abstract]

Leased Railcars

Note 6 – Leased Railcars



Railcars available for lease at December 31, 2017 was $23,434 (cost of $28,074 and accumulated depreciation of $4,640) and at December 31, 2016 was $24,018 (cost of $27,954 and accumulated depreciation of $3,936).  The Company’s lease utilization rate for railcars in its lease fleet was 73% as of each of December 31, 2017 and 2016.  Depreciation expense on railcars available for lease was $704,  $711 and $499 for the years ended December 31, 2017, 2016 and 2015, respectively.



Leased railcars at December 31, 2017 are subject to lease agreements with external customers with remaining terms of up to three and a half years and are accounted for as operating leases.



Future minimum rental revenues on leases at December 31, 2017 are as follows:











Year ending December 31, 2018	$	1,124
Year ending December 31, 2019		1,002
Year ending December 31, 2020		1,001
Year ending December 31, 2021		275
Thereafter		-
	$	3,402



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- Definition

The entire disclosure for leased railcars including: 1. The Company's policy for (a) classifying leased railcars as Inventory on lease (current assets) or Railcars available for lease (long-term assets) (b)Recognizing and reporting revenue from the sale of railcars classified as Inventory on lease versus Railcars available for lease. 2. Lease fleet utilization rate 3. Future minimal rental revenues

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