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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Manufacturing operations (including no revenues from affiliates for the three months ended June 30, 2011 and $33,552 for the three months ended June 30, 2010, and including revenues from affiliates of $1,221 and $46,127 for the six months ended June 30, 2011 and 2010, respectively) $ 94,597 $ 43,223 $ 163,293 $ 78,858
Railcar services (including revenues from affiliates of $6,596 and $3,179 for the three months ended June 30, 2011 and 2010, and including revenues from affiliates $12,133 and $6,020 for the six months ended June 30, 2011 and 2010, respectively) 17,316 17,942 33,463 34,618
Total revenues 111,913 61,165 196,756 113,476
Cost of revenue:        
Manufacturing operations (86,100) (44,890) (152,681) (82,277)
Railcar services (12,557) (13,705) (25,875) (27,673)
Total cost of revenue (98,657) (58,595) (178,556) (109,950)
Gross profit 13,256 2,570 18,200 3,526
Selling, administrative and other (including costs to a related party of $145 and $154 for the three months ended June 30, 2011 and 2010, and $291 and $308 for the six months ended June 30, 2011 and 2010, respectively) (5,062) (5,606) (11,944) (11,693)
Earnings (loss) from operations 8,194 (3,036) 6,256 (8,167)
Interest income (including income from related parties of $705 and $614 for the three months ended June 30, 2011 and 2010, and $1,384 and $1,221 for the six months ended June 30, 2011 and 2010, respectively) 944 769 1,860 1,499
Interest expense (5,330) (5,319) (10,665) (10,640)
Other income (including income from a related party of $3 and $4 for the three months ended June 30, 2011 and 2010, and $7 and $8 for the six months ended June 30, 2011 and 2010, respectively) 15 292 19 377
Loss from joint ventures (2,829) (2,271) (5,071) (4,053)
Earnings (loss) before income taxes 994 (9,565) (7,601) (20,984)
Income tax (expense) benefit (425) 3,683 2,841 8,079
Net earnings (loss) $ 569 $ (5,882) $ (4,760) $ (12,905)
Net earnings (loss) per common share - basic and diluted $ 0.03 $ (0.28) $ (0.22) $ (0.61)
Weighted average common shares outstanding - basic and diluted 21,352 21,302 21,351 21,302
Dividends declared per common share