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Revenue Recognition | 9 Months Ended
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Sep. 30, 2020
Revenue Recognition [Abstract] |
Revenue Recognition | Note 5 – Revenue Recognition The following table disaggregates the Company’s revenues by major source:
|  | Three months ended |  | Nine months ended
|  | September 30, |  | September 30,
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019
Railcar sales | $ | 21,400 |  | $ | 36,343 |  | $ | 36,672 |  | $ | 171,460
Parts sales |  | 2,567 |  |  | 2,733 |  |  | 7,077 |  |  | 8,592
Other sales |  | - |  |  | 12 |  |  | 1 |  |  | 42
Revenues from contracts with customers |  | 23,967 |  |  | 39,088 |  |  | 43,750 |  |  | 180,094
Leasing revenues |  | 1,235 |  |  | 1,563 |  |  | 4,107 |  |  | 4,926
Total revenues | $ | 25,202 |  | $ | 40,651 |  | $ | 47,857 |  | $ | 185,020
Contract Balances and Accounts Receivable Accounts receivable payments for railcar sales are typically due within 5 to 10 business days of invoicing, while payments from parts sales are typically due within 30 to 45 business days of invoicing. The Company has not experienced significant historical credit losses. However, the Company’s allowance for doubtful accounts as of September 30, 2020 reflects an increase of $972 compared to December 31, 2019, primarily due to a customer in its leasing portfolio. Contract assets represent the Company’s rights to consideration for performance obligations that have been satisfied but for which the terms of the contract do not permit billing at the reporting date. The Company has no contract assets as of September 30, 2020. The Company may receive cash payments from customers in advance of the Company satisfying performance obligations under its sales contracts resulting in deferred revenue or customer deposits, which are considered contract liabilities. Deferred revenue and customer deposits are classified as either current or long-term in the Consolidated Balance Sheet based on the timing of when the Company expects to recognize the related revenue. Deferred revenue and customer deposits included in customer deposits, other current liabilities and other long-term liabilities in the Company’s Condensed Consolidated Balance Sheet were $32,076 and $5,607 as of September 30, 2020 and December 31, 2019, respectively. Performance Obligations The Company is electing not to disclose the value of the remaining unsatisfied performance obligation with a duration of one year or less as permitted by ASU 2014-09, Revenue from Contracts with Customers. The Company had remaining unsatisfied performance obligations as of September 30, 2020 with expected duration of greater than one year of $61,379.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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