XML 59 R43.htm IDEA: XBRL DOCUMENT
v3.21.1

Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Nonvested Restricted Shares |
|  |  |  |  | December 31, |  |  |
|  | 2020 |  |  | 2019
|  |  |  |  | Weighted- |  |  |  |  |  | Weighted-
|  |  |  |  | Average |  |  |  |  |  | Average
|  |  |  |  | Grant Date |  |  |  |  |  | Grant Date
|  |  |  |  | Fair Value |  |  |  |  |  | Fair Value
|  | Shares |  |  | (per share) |  |  | Shares |  |  | (per share)
Nonvested at the beginning of the year |  | 327,345 |  | $ | 8.49 |  |  | 133,462 |  | $ | 16.12
Granted |  | 872,494 |  |  | 1.43 |  |  | 293,309 |  |  | 6.75
Vested |  | (73,111) |  |  | 8.18 |  |  | (40,696) |  |  | 16.89
Forfeited |  | (277,005) |  |  | 3.63 |  |  | (58,730) |  |  | 11.27
Nonvested at the end of the year |  | 849,723 |  | $ | 2.86 |  |  | 327,345 |  | $ | 8.49
Expected to vest |  | 849,723 |  | $ | 2.86 |  |  | 327,345 |  | $ | 8.49
Time-Vested Stock Options [Member] |
Valuation Assumptions, Options |
|  |  |  | Expected | Risk Free | Grant Date
|  |  | Expected | Dividend | Interest | Fair Value
Grant Year | Grant Date | Expected Life | Volatility | Yield | Rate | Per Award
2019 | 4/23/2019 | 6 years | 44.87% | 0.00% | 2.40% | $3.50
2019 | 1/14/2019 | 6 years | 44.87% | 0.00% | 2.57% | $3.43
2018 | 1/12/2018 | 6 years | 44.25% | 0.00% | 2.42% | $7.57
Option Activity |
|  |  |  |  | December 31, |  |  |
|  | 2020 |  |  | 2019
|  |  |  |  | Weighted- |  |  |  |  |  | Weighted-
|  |  |  |  | Average |  |  |  |  |  | Average
|  |  |  |  | Exercise |  |  |  |  |  | Exercise
|  | Options |  |  | Price |  |  | Options |  |  | Price
|  | Outstanding |  |  | (per share) |  |  | Outstanding |  |  | (per share)
Outstanding at the beginning of the year |  | 313,317 |  | $ | 12.70 |  |  | 208,426 |  | $ | 21.47
Granted |  | - |  |  | - |  |  | 255,009 |  |  | 7.43
Exercised |  | - |  |  | - |  |  | - |  |  | -
Forfeited or expired |  | (101,956) |  |  | 14.81 |  |  | (150,118) |  |  | 15.93
Outstanding at the end of the year |  | 211,361 |  | $ | 11.68 |  |  | 313,317 |  | $ | 12.70
Exercisable at the end of the year |  | 103,458 |  | $ | 14.93 |  |  | 82,964 |  | $ | 23.01
Shares Outstanding |
|  |  |  |  | Weighted- |  |  |  |  |  |
|  |  |  |  | Average |  |  | Weighted- |  |  |
|  |  |  |  | Remaining |  |  | Average |  |  |
|  |  |  |  | Contractual |  |  | Exercise |  |  | Aggregate
|  | Options |  |  | Term |  |  | Price |  |  | Intrinsic
|  | Outstanding |  |  | (in years) |  |  | (per share) |  |  | Value
Options outstanding |  | 211,361 |  |  | 7.0 |  | $ | 11.68 |  | $ | -
Vested or expected to vest |  | 211,361 |  |  | 7.0 |  | $ | 11.68 |  | $ | -
Options exercisable |  | 103,458 |  |  | 6.1 |  | $ | 14.93 |  | $ | -
Stock Appreciation Rights (SARs) [Member] |
Shares Outstanding |
|  |  |  |  | Weighted- |  |  |  |  |  |  |  |
|  |  |  |  | Average |  |  |  | Weighted- |  |  |  |
|  |  |  |  | Remaining |  |  |  | Average |  |  |  |
|  |  |  |  | Contractual |  |  |  | Exercise |  |  |  | Aggregate
|  | SAR |  |  | Term |  |  |  | Price |  |  |  | Intrinsic
|  | Outstanding |  |  | (in years) |  |  |  | (per share) |  |  |  | Value
SARS outstanding |  | 853,967 |  |  | 9.1 |  |  | $ | 1.69 |  |  | $ | 619,728
Vested or expected to vest |  | 853,937 |  |  | 9.1 |  |  | $ | 1.69 |  |  | $ | 619,725
SARS exercisable |  | - |  |  | - |  |  | $ | - |  |  | $ | -
Valuation Assumptions |
|  |  |  | Expected | Risk Free |
|  |  | Expected | Dividend | Interest | Fair Value
Grant Year | Grant Date | Expected Life | Volatility | Yield | Rate | Per Award
2020 | 1/24/2020 | 5.1 years | 66.33% | 0.00% | 0.37% | $1.52
2020 | 3/9/2020 | 5.2 years | 66.06% | 0.00% | 0.38% | $1.61
2020 | 9/14/2020 | 5.7 years | 64.76% | 0.00% | 0.44% | $1.45
2020 | 11/30/2020 | 5.9 years | 64.06% | 0.00% | 0.46% | $1.34
SAR Activity |
|  | December 31, |  |  |  |  |  |  |  |
|  | 2020 |  |  |  |
|  |  |  |  | Weighted- |  |  |  |  |  |  |  |
|  |  |  |  | Average |  |  |  |  |  |  |  |
|  |  |  |  | Exercise |  |  |  |  |  |  |  |
|  | SAR |  |  | Price |  |  |  |  |  |  |  |
|  | Outstanding |  |  | (per share) |  |  |  |  |  |  |  |
Outstanding at the beginning of the year |  | - |  | $ | - |  |  |  |  |  |  |  |
Granted |  | 1,164,464 |  |  | 1.68 |  |  |  |  |  |  |  |
Exercised |  | - |  |  | - |  |  |  |  |  |  |  |
Forfeited or expired |  | (310,497) |  |  | 1.64 |  |  |  |  |  |  |  |
Outstanding at the end of the year |  | 853,967 |  | $ | 1.69 |  |  |  |  |  |  |  |
Exercisable at the end of the year |  | - |  | $ | - |  |  |  |  |  |  |  |

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=rail_TimeVestedStockOptionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |