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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 48,540 $ 66,257
Restricted certificates of deposit 3,855 3,769
Accounts receivable, net of allowance for doubtful accounts of $496 and $91, respectively 6,789 6,991
Inventories, net 47,116 25,092
Income tax receivable 1,027 535
Other current assets 14,265 7,035
Total current assets 121,592 109,679
Property, plant and equipment, net 39,469 38,564
Railcars available for lease, net 38,393 38,900
Right of use asset 53,442 56,507
Other long-term assets 888 1,552
Total assets 253,784 245,202
Current liabilities    
Accounts and contractual payables 18,054 11,713
Accrued payroll and other employee costs 306 1,389
Reserve for workers’ compensation 3,344 3,210
Accrued warranty 7,903 8,388
Customer deposits 33,012 5,123
Deferred income state and local incentives, current 2,219 2,219
Lease liability, current 15,063 14,960
Current portion of long-term debt 13,950  
Other current liabilities 5,626 2,428
Total current liabilities 99,477 49,430
Long-term debt, net of current portion 6,250 10,200
Accrued pension costs 6,006 6,510
Deferred income state and local incentives, long-term 3,612 4,722
Lease liability, long-term 48,306 53,766
Other long-term liabilities 2,833 3,420
Total liabilities 166,484 128,048
Stockholders' equity    
Preferred stock, $0.01 par value, 2,500,000 shares authorized (100,000 shares each designated as Series A voting and Series B non-voting, 0 shares issued and outstanding at June 30, 2020 and December 31, 2019)
Common stock, $0.01 par value, 50,000,000 shares authorized, 13,604,172 and 12,731,678 shares issued at June 30, 2020 and December 31, 2019, respectively 136 127
Additional paid in capital 83,318 83,027
Treasury stock, at cost, 285,011 and 44,855 shares at June 30, 2020 and December 31, 2019, respectively (1,281) (989)
Accumulated other comprehensive loss (10,499) (10,780)
Retained earnings 16,086 45,824
Total FreightCar America stockholders' equity 87,760 117,209
Noncontrolling interest in JV (460) (55)
Total stockholders’ equity 87,300 117,154
Total liabilities and stockholders’ equity $ 253,784 $ 245,202