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Product Warranties
 6 Months Ended
Jun. 30, 2024
Product Warranties Disclosures [Abstract]  
Product Warranties

Note 8 – Product Warranties

 

Warranty terms are based on the negotiated railcar sale, rebody or conversion contract, as applicable. Changes in the warranty reserve for the six months ended June 30, 2024 and 2023 are as follows:

 

 

 

 

For the Six Months Ended June 30,

 

 

 

 

 

2024

 

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

Balance at the beginning of the year

 

 

$

1,602

 

 

 

$

1,940

 

 

Current year provision

 

 

 

313

 

 

 

 

603

 

 

Reductions for payments, costs of repairs and other

 

 

 

(305

)

 

 

 

(819

)

 

Adjustments to prior warranties

 

 

 

(249

)

 

 

 

(91

)

 

Balance at the end of the period

 

 

$

1,361

 

 

 

$

1,633

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to prior warranties include changes in the warranty reserve for warranties issued in prior periods due to expiration of the warranty period, revised warranty cost estimates and other factors.