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Income Taxes (Tables)

12 Months Ended

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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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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