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Fair Value Measurements
 12 Months Ended
Dec. 31, 2019
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 4 – Fair Value Measurements



The following table sets forth by level within the ASC 820 Fair Value Measurement 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 December 31, 2019



 

Level 1

 

Level 2

 

Level 3

 

Total

ASSETS:

 

 

 

 

 

 

 

 

Cash equivalents

$

 4,580 

$

 -

$

 -

$

 4,580 

Restricted certificates of deposit

$

 3,769 

$

 -

$

 -

$

 3,769 

Escrow receivable

$

 -

$

 -

$

 930 

$

 930 



 

 

 

 

 

 

 

 





 

 

 

 

 

 

 

 

Recurring Fair Value Measurements

 

As of December 31, 2018



 

Level 1

 

Level 2

 

Level 3

 

Total

ASSETS:

 

 

 

 

 

 

 

 

Cash equivalents

$

 17,012 

$

 -

$

 -

$

 17,012 

Restricted certificates of deposit

$

 4,952 

$

 -

$

 -

$

 4,952 

Escrow receivable

$

 -

$

 -

$

 930 

$

 930 



 

 

 

 

 

 

 

 

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 $980 as of each of December 31, 2019 and 2018,  net of the fair value of the indemnification obligations, which was estimated using the discounted probability-weighted cash flow method.