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Segment Information | 6 Months Ended
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Jun. 30, 2020
Segment Information [Abstract] |
Segment Information | Note 6 – 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 and restricted cash and restricted 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.
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 and restricted cash and restricted 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. |  |  |  |  |  |  |  |  |  |  |  |
| Three Months Ended |  | Six Months Ended |
| June 30, |  | June 30, |
| 2020 |  | 2019 |  | 2020 |  | 2019 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing | $ | 15,129 |  | $ | 70,817 |  | $ | 18,069 |  | $ | 138,412 |
Corporate and Other |  | 2,329 |  |  | 2,844 |  |  | 4,586 |  |  | 5,957 |
Consolidated revenues | $ | 17,458 |  | $ | 73,661 |  | $ | 22,655 |  | $ | 144,369 |
Operating loss: |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing (1) | $ | (8,348) |  | $ | (3,019) |  | $ | (20,148) |  | $ | (12,656) |
Corporate and Other |  | (4,600) |  |  | (12,824) |  |  | (9,893) |  |  | (17,703) |
Consolidated operating loss |  | (12,948) |  |  | (15,843) |  |  | (30,041) |  |  | (30,359) |
Consolidated interest expense and deferred financing costs |  | (167) |  |  | (115) |  |  | (463) |  |  | (151) |
Consolidated other income |  | 134 |  |  | 83 |  |  | 358 |  |  | 402 |
Consolidated loss before income taxes | $ | (12,981) |  | $ | (15,875) |  | $ | (30,146) |  | $ | (30,108) |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing | $ | 2,688 |  | $ | 3,075 |  | $ | 5,483 |  | $ | 6,097 |
Corporate and Other |  | 183 |  |  | 191 |  |  | 401 |  |  | 374 |
Consolidated depreciation and amortization | $ | 2,871 |  | $ | 3,266 |  | $ | 5,884 |  | $ | 6,471 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing | $ | 3,033 |  | $ | 898 |  | $ | 5,953 |  | $ | 1,432 |
Corporate and Other |  | 305 |  |  | 377 |  |  | 1,056 |  |  | 602 |
Consolidated capital expenditures | $ | 3,338 |  | $ | 1,275 |  | $ | 7,009 |  | $ | 2,034 |
(1) Results for the three months and six months ended June 30, 2020 include restructuring and impairment charges of $267 and $1,147, respectively.
| June 30, |  | December 31,
| 2020 |  | 2019
Assets: |  |  |  |  |
Manufacturing | $ | 182,141 |  | $ | 156,859
Corporate and Other |  | 70,619 |  |  | 87,329
Total operating assets |  | 252,760 |  |  | 244,188
Consolidated income taxes receivable |  | 1,027 |  |  | 1,014
Consolidated deferred income taxes, long-term |  | (3) |  |  | -
Consolidated assets | $ | 253,784 |  | $ | 245,202
Geographic Information
|  | Revenues |  |  | Long Lived Assets(a)
|  | Three Months Ended |  |  | Six Months Ended |  |  |  |  |  |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | December 31,
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019
United States | $ | 17,458 |  | $ | 73,661 |  | $ | 22,655 |  | $ | 144,369 |  | $ | 125,748 |  | $ | 132,825
Mexico (b) |  | - |  |  | - |  |  | - |  |  | - |  |  | 5,555 |  |  | 1,146
Total | $ | 17,458 |  | $ | 73,661 |  | $ | 22,655 |  | $ | 144,369 |  | $ | 131,303 |  | $ | 133,971
(a) Long lived assets include net property plant and equipment, Railcars available for lease, and ROU Assets
(b) Included in manufacturing segment

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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