XML 45 R33.htm IDEA: XBRL DOCUMENT v3.25.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Useful Life of Property, Plant and Equipment

Property, plant and equipment are stated at acquisition cost less accumulated depreciation. Depreciation is provided using the straight-line method over the original estimated useful lives of the assets or lease term if shorter, which are as follows:

 

Description of Assets

Life

Buildings and improvements

15-40 years

Leasehold improvements

6-19 years

Machinery and equipment

3-7 years

Software

3-7 years

 

Schedule of Revenue Recognition

The following table disaggregates the Company’s revenues by major source:

 

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Railcar sales

 

$

539,458

 

 

$

344,595

 

Aftermarket sales

 

 

18,241

 

 

 

12,227

 

Revenues from contracts with customers

 

 

557,699

 

 

 

356,822

 

Leasing revenues(1)

 

 

1,726

 

 

 

1,271

 

Total revenues

 

$

559,425

 

 

$

358,093

 

 

(1) Includes $1,386 litigation settlement allocated to leasing revenues for the year ended December 31, 2024.