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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [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 |
|  |  | 2022 |  |  |  | 2021 |
Current Tax Expense/(Benefit) |  |  |  |  |  |  |  |
Federal |  | $ |  | - |  |  | $ |  | (10 | )
Foreign |  |  |  | 2,285 |  |  |  |  | 1,533 |
State |  |  |  | 40 |  |  |  |  | 26 |
|  |  |  | 2,325 |  |  |  |  | 1,549 |
Deferred Tax Expense/(Benefit) |  |  |  |  |  |  |  |
Federal |  |  |  | 1 |  |  |  |  | - |
Foreign |  |  |  | (14 | ) |  |  |  | (136 | )
|  |  |  | (13 | ) |  |  |  | (136 | )
Total |  | $ |  | 2,312 |  |  | $ |  | 1,413 |
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
|  |  |  |  |  | 2022 |  |  | 2021 |  |
Statutory U.S. federal income tax rate |  |  | 21.0 |  | % |  |  |  | 21.0 |  | %
State income taxes, net of federal tax benefit |  |  | 0.4 |  | % |  |  |  | 0.7 |  | %
Valuation allowance |  |  | (5.8 | ) | % |  |  |  | (20.4 | ) | %
Provision to return |  |  | (0.2 | ) | % |  |  |  | 0.0 |  | %
Foreign rate differential |  |  | (1.5 | ) | % |  |  |  | (1.0 | ) | %
Foreign tax adjustments |  |  | (1.1 | ) | % |  |  |  | 0.0 |  | %
Deferred tax adjustments |  |  | (17.9 | ) | % |  |  |  | 0.4 |  | %
Nondeductible expenses and other |  |  | (1.2 | ) | % |  |  |  | (4.2 | ) | %
Effective income tax rate |  |  | (6.3 | ) | % |  |  |  | (3.5 | ) | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets (liabilities) consisted of the following:
|  | December 31, 2022 |  |  | December 31, 2021 |
Description | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Accrued post-retirement and pension benefits |  | $ | 360 |  |  | $ | - |  |  | $ | 149 |  |  | $ | - |
Intangible assets |  |  | - |  |  |  | (26 | ) |  |  | - |  |  |  | (22 | )
Accrued expenses |  |  | 2,326 |  |  |  | - |  |  |  | 1,367 |  |  |  | - |
Accrued warranty costs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Prepaid expenses |  |  | - |  |  |  | (1,155 | ) |  |  | - |  |  |  | - |
Deferred state and local incentive revenue |  |  | - |  |  |  | - |  |  |  | 537 |  |  |  | - |
Accrued severance |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Inventory valuation |  |  | 1,219 |  |  |  | - |  |  |  | 496 |  |  |  | - |
Property, plant and equipment and railcars on operating leases |  |  | - |  |  |  | (1,166 | ) |  |  | 103 |  |  |  | - |
Net operating loss, tax credit, and interest carryforwards |  |  | 65,218 |  |  |  | - |  |  |  | 62,536 |  |  |  | - |
Stock-based compensation expense |  |  | 1,715 |  |  |  | - |  |  |  | 1,539 |  |  |  | - |
Other |  |  | 371 |  |  |  | (1,448 | ) |  |  | 99 |  |  |  | - |
Right of use asset |  |  | - |  |  |  | (10,902 | ) |  |  | - |  |  |  | (4,780 | )
Lease liability |  |  | 11,376 |  |  |  | - |  |  |  | 5,175 |  |  |  | - |
|  |  | 82,585 |  |  |  | (14,697 | ) |  |  | 72,001 |  |  |  | (4,802 | )
Valuation Allowance |  |  | (67,881 | ) |  |  | - |  |  |  | (67,204 | ) |  |  | - |
Deferred tax assets (liabilities) |  | $ | 14,704 |  |  | $ | (14,697 | ) |  | $ | 4,797 |  |  | $ | (4,802 | )
Increase (decrease) in valuation allowance |  | $ | 677 |  |  |  |  |  | $ | 7,591 |  |  |  |
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 |  |  |  |  |  | 2019
States: |  |  |  |  |  |
Pennsylvania |  |  |  |  |  | 2001
Texas |  |  |  |  |  | 2019
Illinois |  |  |  |  |  | 2010
Virginia |  |  |  |  |  | 2019
Colorado |  |  |  |  |  | 2010
Indiana |  |  |  |  |  | 2019
Nebraska |  |  |  |  |  | 2016
Alabama |  |  |  |  |  | 2016
Foreign: |  |  |  |  |  |
China |  |  |  |  |  | 2019
Mexico |  |  |  |  |  | 2020

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