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Segment Information
 12 Months Ended
Dec. 31, 2017
Segment Information [Abstract]  
Segment Information

Note 22 – Segment Information



The Company’s operations comprise two operating segments, Manufacturing and Parts, and one reportable segment, Manufacturing.  The Company’s Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds.  The Company’s Parts operating segment is not significant for reporting purposes and has been combined with corporate and other non-operating activities as Corporate and Other. 



Segment operating income is an internal performance measure used by the Company’s Chief Operating Decision Maker to assess the performance of each segment in a given period.  Segment operating income includes all external revenues attributable to the segments as well as operating costs and income that management believes are directly attributable to the current production of goods and services.  The Company’s management reporting package does not include interest revenue, interest expense or income taxes allocated to individual segments and these items are not considered as a component of segment operating income.  Segment assets represent operating assets and exclude intersegment accounts, deferred tax assets and income tax receivables.  The Company does not allocate cash and cash equivalents to its operating segments as the Company’s treasury function is managed at the corporate level.  Intersegment revenues were not material in any period presented.











 

 

 

 

 

 



 

 

 

 

 

 



 

Year Ended



 

December 31,



 

2017

 

2016

 

2015

Revenues:

 

 

 

 

 

 

Manufacturing

 

$        400,481

 

$        516,063

 

$        745,723

Corporate and Other

 

 8,993 

 

 7,668 

 

 27,131 

Consolidated Revenues

 

$        409,474

 

$        523,731

 

$        772,854

Operating (Loss) Income:

 

 

 

 

 

 

Manufacturing

 

$           (6,998)

 

$          29,012

 

$          69,165

Corporate and Other

 

 (24,794)

 

 (13,164)

 

 (22,402)

Consolidated Operating (Loss) Income

 

 (31,792)

 

 15,848 

 

 46,763 

Consolidated interest expense and deferred financing costs

 

 (163)

 

 (171)

 

 (243)

Consolidated other income

 

 548 

 

 111 

 

 116 

Consolidated (Loss) Income Before Income Taxes

 

$         (31,407)

 

$          15,788

 

$          46,636

Depreciation and Amortization:

 

 

 

 

 

 

Manufacturing

 

$            8,642

 

$            8,328

 

$            7,170

Corporate and Other

 

 724 

 

 1,408 

 

 2,858 

Consolidated Depreciation and Amortization

 

$            9,366

 

$            9,736

 

$          10,028

Capital Expenditures:

 

 

 

 

 

 

Manufacturing

 

$               624

 

$          13,079

 

$          15,176

Corporate and Other

 

 343 

 

 767 

 

 1,523 

Consolidated Capital Expenditures

 

$               967

 

$          13,846

 

$          16,699











 

 

 

 

 



 

 

 

 

 



December 31,

 

December 31,



2017

 

2016

Assets:                                                                                                                                

 

 

 

 

 

Manufacturing

$

 136,448 

 

$

 211,043 

Corporate and Other

 

 149,195 

 

 

 110,708 

Total Operating Assets

 

 285,643 

 

 

 321,751 

Consolidated income taxes receivable

 

 815 

 

 

 13,283 

Consolidated deferred income taxes, long-term

 

 9,446 

 

 

 4,221 

Consolidated Assets

$

 295,904 

 

$

 339,255