XML 11 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Manufacturing operations (including revenues from affiliates of $0 and $19,274 for the three months ended September 30, 2011 and 2010, and including revenues from affiliates of $1,221 and $65,401 for the nine months ended September 30, 2011 and 2010, respectively)$ 108,615$ 48,404$ 271,908$ 127,262
Railcar services (including revenues from affiliates of $6,916 and $4,263 for the three months ended September 30, 2011 and 2010, and including revenues from affiliates of $19,049 and $10,283 for the nine months ended September 30, 2011 and 2010, respectively)17,16916,39350,63251,011
Total revenues125,78464,797322,540178,273
Cost of revenues:    
Manufacturing operations(98,211)(49,366)(250,892)(131,643)
Railcar services(12,618)(13,141)(38,493)(40,814)
Total cost of revenues(110,829)(62,507)(289,385)(172,457)
Gross profit14,9552,29033,1555,816
Selling, administrative and other (including costs to a related party of $145 and $154 for the three months ended September 30, 2011 and 2010, and including costs to a related party of $436 and $462 for the nine months ended September 30, 2011 and 2010, respectively)(2,934)(6,232)(14,878)(17,925)
Earnings (loss) from operations12,021(3,942)18,277(12,109)
Interest income (including income from related parties of $717 for both the three months ended September 30, 2011 and 2010, and including income from related parties of $2,111 and $1,938 for the nine months ended September 30, 2011 and 2010, respectively)1,0051,0582,8652,557
Interest expense(4,478)(5,316)(15,143)(15,956)
Other income (including income from a related party of $4 for both the three months ended September 30, 2011 and 2010, and including income from a related party of $11 and $12 for the nine months ended September 30, 2011 and 2010, respectively)5424381
Loss from joint ventures(2,170)(1,946)(7,241)(5,999)
Earnings (loss) before income taxes6,383(10,142)(1,218)(31,126)
Income tax (expense) benefit(2,357)3,89048411,969
Net earnings (loss)$ 4,026$ (6,252)$ (734)$ (19,157)
Net earnings (loss) per common share - basic and diluted$ 0.19$ (0.29)$ (0.03)$ (0.90)
Weighted average common shares outstanding - basic and diluted21,35221,30221,35121,302
Dividends declared per common share