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Product Warranties
 3 Months Ended
Mar. 31, 2025
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 three months ended March 31, 2025 and 2024 are as follows:

 

 

 

 

For the Three Months Ended March 31,

 

 

 

 

 

2025

 

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

Balance at the beginning of the year

 

 

$

2,389

 

 

 

$

1,602

 

 

Current year provision

 

 

 

64

 

 

 

 

169

 

 

Reductions for payments, costs of repairs and other

 

 

 

(225

)

 

 

 

(173

)

 

Adjustments to prior warranties

 

 

 

(66

)

 

 

 

(130

)

 

Balance at the end of the period

 

 

$

2,162

 

 

 

$

1,468

 

 

 

 

 

 

 

 

 

 

 

 

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.