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Fair Value Measurements
 6 Months Ended
Jun. 30, 2018
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 6 – Fair Value Measurements



The following table sets forth by level within the fair value hierarchy the Company’s financial assets that were recorded at fair value on a recurring basis and the Company’s non-financial assets that were recorded at fair value on a non-recurring basis.











 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Recurring Fair Value Measurements

 

As of June 30, 2018



 

Level 1

 

Level 2

 

Level 3

 

Total

ASSETS:

 

 

 

 

 

 

 

 

Cash equivalents

$

 6,669 

$

 -

$

 -

$

 6,669 

Restricted certificates of deposit

$

 5,452 

$

 -

$

 -

$

 5,452 

Escrow receivable

$

 -

$

 -

$

 1,420 

$

 1,420 



 

 

 

 

 

 

 

 

























 

 

 

 

 

 

 

 

Recurring Fair Value Measurements

 

As of December 31, 2017



 

Level 1

 

Level 2

 

Level 3

 

Total

ASSETS:

 

 

 

 

 

 

 

 

Cash equivalents

$

 45,542 

$

 -

$

 -

$

 45,542 

Restricted certificates of deposit

$

 5,720 

$

 -

$

 -

$

 5,720 

Escrow receivable

$

 -

$

 -

$

 1,420 

$

 1,420 



 

 

 

 

 

 

 

 

Non-Recurring Fair Value Measurements

 

As of December 31, 2017



 

Level 1

 

Level 2

 

Level 3

 

Total

ASSETS:

 

 

 

 

 

 

 

 

Property, plant and equipment

$

 -

$

 -

$

 $1,434 

$

 1,434 







The sale of the Company’s railcar repair and maintenance services business on September 30, 2015 resulted in $1,960 of the aggregate purchase price being placed into escrow in order to secure the indemnification obligations of FCRS and FCSL.  The fair market value of the remaining escrow receivable above represents the escrow balance of $1,470 as of each of June 30, 2018 and December 31, 2017 net of the fair value of the indemnification obligations, which was estimated using the discounted probability-weighted cash flow method.