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Inventories
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Inventories

Note 7 – Inventories

 

Inventories, net of reserve for excess and obsolete items, consist of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Raw materials

 

$

38,651

 

 

$

65,639

 

Work in process

 

 

12,537

 

 

 

31,138

 

Finished railcars

 

 

7,903

 

 

 

23,196

 

Parts inventory

 

 

5,388

 

 

 

5,049

 

Total inventories, net

 

$

64,479

 

 

$

125,022

 

 

Inventory on the Company’s condensed consolidated balance sheets includes reserves of $2,027 and $1,594 relating to excess or slow-moving inventory for parts and raw materials at June 30, 2024 and December 31, 2023, respectively.