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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
|  | Three Months Ended |  |  |  | Six Months Ended |
|  | June 30, |  |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  |  | 2024 |  |  | 2023 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  | $ | 142,528 |  |  | $ | 85,724 |  |  |  | $ | 298,256 |  |  | $ | 163,323 |
Corporate and Other |  |  | 4,888 |  |  |  | 2,872 |  |  |  |  | 10,218 |  |  |  | 6,272 |
Consolidated revenues |  | $ | 147,416 |  |  | $ | 88,596 |  |  |  | $ | 308,474 |  |  | $ | 169,595 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing (1) |  | $ | 18,714 |  |  | $ | 11,769 |  |  |  | $ | 26,993 |  |  | $ | 17,397 |
Corporate and Other |  |  | (5,580 | ) |  |  | (4,043 | ) |  |  |  | (9,949 | ) |  |  | (8,574 | )
Consolidated operating income |  | $ | 13,134 |  |  | $ | 7,726 |  |  |  | $ | 17,044 |  |  | $ | 8,823 |
Consolidated interest expense |  |  | (1,847 | ) |  |  | (4,351 | ) |  |  |  | (4,238 | ) |  |  | (10,951 | )
Gain (loss) on change in fair market value of Warrant liability |  |  | 112 |  |  |  | (6,755 | ) |  |  |  | (15,541 | ) |  |  | (6,142 | )
Loss on extinguishment of debt |  |  | - |  |  |  | (14,880 | ) |  |  |  | - |  |  |  | (14,880 | )
Consolidated other expense |  |  | (725 | ) |  |  | (69 | ) |  |  |  | (739 | ) |  |  | (105 | )
Consolidated income (loss) before income taxes |  | $ | 10,674 |  |  | $ | (18,329 | ) |  |  | $ | (3,474 | ) |  | $ | (23,255 | )
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  | $ | 1,302 |  |  | $ | 891 |  |  |  | $ | 2,575 |  |  | $ | 1,823 |
Corporate and Other |  |  | 112 |  |  |  | 142 |  |  |  |  | 235 |  |  |  | 282 |
Consolidated depreciation and amortization |  | $ | 1,414 |  |  | $ | 1,033 |  |  |  | $ | 2,810 |  |  | $ | 2,105 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  | $ | 1,287 |  |  | $ | 2,947 |  |  |  | $ | 2,208 |  |  | $ | 4,826 |
Corporate and Other |  |  | 16 |  |  |  | 47 |  |  |  |  | 61 |  |  |  | 128 |
Consolidated capital expenditures |  | $ | 1,303 |  |  | $ | 2,994 |  |  |  | $ | 2,269 |  |  | $ | 4,954 |
(1) Results for the three and six months ended June 30, 2024 include a litigation settlement, of which $1,386 was allocated to leasing revenues and $3,214 was allocated to litigation settlement. Results for the three and six months ended June 30, 2023 include a gain on sale of railcars available for lease of $622.
Reconciliation of Assets From Segment to Consolidated |
|  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Assets: |  |  |  |  |  |
Manufacturing |  | $ | 148,802 |  |  | $ | 207,093 |
Corporate and Other |  |  | 55,207 |  |  |  | 51,158 |
Total operating assets |  |  | 204,009 |  |  |  | 258,251 |
Consolidated income taxes receivable |  |  | 3,212 |  |  |  | 1,208 |
Consolidated assets |  | $ | 207,221 |  |  | $ | 259,459 |
Geographic Information |
| Geographic Information |
|  | Revenues |  |  | Long Lived Assets(a) |
|  | Three Months Ended |  |  | Six Months Ended |  |  |  |  |  |  |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
United States |  | $ | 147,416 |  |  | $ | 88,596 |  |  | $ | 308,474 |  |  | $ | 169,595 |  |  | $ | 4,107 |  |  | $ | 7,377 |
Mexico |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 73,509 |  |  |  | 69,826 |
Total |  | $ | 147,416 |  |  | $ | 88,596 |  |  | $ | 308,474 |  |  | $ | 169,595 |  |  | $ | 77,616 |  |  | $ | 77,203 |
(a) Long lived assets include property plant and equipment, net, railcars available for lease, net, and right-of-use (ROU) assets.

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