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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Taxes [Abstract] |
Composition of Income Tax Expense | The provision (benefit) for income taxes for the periods indicated includes current and deferred components as follows:
|  |  | Year Ended December 31 |
|  |  | 2021 |  |  |  | 2020 |
Current Tax Expense/(Benefit) |  |  |  |  |  |  |  |
Federal |  | $ |  | (10 | ) |  | $ |  | (92 | )
Foreign |  |  |  | 1,533 |  |  |  |  | 137 |
State |  |  |  | 26 |  |  |  |  | 17 |
|  |  |  | 1,549 |  |  |  |  | 62 |
Deferred Tax Expense/(Benefit) |  |  |  |  |  |  |  |
Federal |  |  |  | - |  |  |  |  | 1 |
Foreign |  |  |  | (136 | ) |  |  |  | 136 |
|  |  |  | (136 | ) |  |  |  | 137 |
Total |  | $ |  | 1,413 |  |  | $ |  | 199 |
Reconciliation of Income Tax Rate | The (provision) benefit for income taxes for the periods indicated differs from the amounts computed by applying the federal statutory rate as follows:
|  |  |  |  |  | Year Ended December 31 |  |
|  |  |  |  |  | 2021 |  |  | 2020 |  |
Statutory U.S. federal income tax rate |  |  | 21.0 |  | % |  |  |  | 21.0 |  | %
State income taxes, net of federal tax benefit |  |  | 0.7 |  | % |  |  |  | 3.9 |  | %
Valuation allowance |  |  | (20.4 | ) | % |  |  |  | (23.5 | ) | %
Foreign Rate Differential |  |  | (1.0 | ) | % |  |  |  | (0.1 | ) | %
State rate and other changes on deferred taxes |  |  | 0.4 |  | % |  |  |  | (0.4 | ) | %
Federal and state tax credits |  |  | 0.0 |  | % |  |  |  | 0.1 |  | %
Nondeductible expenses and other |  |  | (4.2 | ) | % |  |  |  | (1.4 | ) | %
Effective income tax rate |  |  | (3.5 | ) | % |  |  |  | (0.4 | ) | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets (liabilities) consisted of the following:
|  | December 31, 2021 |  |  | December 31, 2020 |
Description | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Accrued post-retirement and pension benefits |  | $ | 149 |  |  | $ | - |  |  | $ | 1,663 |  |  | $ | - |
Intangible assets |  |  | - |  |  |  | (22 | ) |  |  | - |  |  |  | (17 | )
Accrued expenses |  |  | 1,367 |  |  |  | - |  |  |  | 2,027 |  |  |  | - |
Deferred state and local incentive revenue |  |  | 537 |  |  |  | - |  |  |  | 1,132 |  |  |  | - |
Inventory valuation |  |  | 496 |  |  |  | - |  |  |  | 3,145 |  |  |  | - |
Property, plant and equipment and railcars on operating leases |  |  | 103 |  |  |  | - |  |  |  | - |  |  |  | (2,018 | )
Net operating loss and tax credit carryforwards |  |  | 62,536 |  |  |  | - |  |  |  | 48,738 |  |  |  | - |
Stock-based compensation expense |  |  | 1,539 |  |  |  | - |  |  |  | 1,127 |  |  |  | - |
Other |  |  | 99 |  |  |  | - |  |  |  | 1,135 |  |  |  | - |
Right of use asset |  |  | - |  |  |  | (4,780 | ) |  |  | - |  |  |  | (5,543 | )
Lease liability |  |  | 5,175 |  |  |  | - |  |  |  | 8,086 |  |  |  | - |
|  |  | 72,001 |  |  |  | (4,802 | ) |  |  | 67,053 |  |  |  | (7,578 | )
Valuation Allowance |  |  | (67,204 | ) |  |  | - |  |  |  | (59,613 | ) |  |  | - |
Deferred tax assets (liabilities) |  | $ | 4,797 |  |  | $ | (4,802 | ) |  | $ | 7,440 |  |  | $ | (7,578 | )
Increase (decrease) in valuation allowance |  | $ | 7,591 |  |  |  |  |  | $ | 19,821 |  |  |  |
Income Tax Years Subject to Examination | A summary of tax years that remain subject to examination is as follows:
Jurisdiction |  |  |  |  |  | Earliest Year
U.S. Federal |  |  |  |  |  | 2018
States: |  |  |  |  |  |
Pennsylvania |  |  |  |  |  | 2001
Texas |  |  |  |  |  | 2018
Illinois |  |  |  |  |  | 2010
Virginia |  |  |  |  |  | 2018
Colorado |  |  |  |  |  | 2010
Indiana |  |  |  |  |  | 2018
Nebraska |  |  |  |  |  | 2016
Alabama |  |  |  |  |  | 2016
Foreign: |  |  |  |  |  |
China |  |  |  |  |  | 2018
Mexico |  |  |  |  |  | 2020

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