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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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