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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Manufacturing (including revenues from affiliates of $19,904 and $82,982 for the three and six months ended June 30, 2013, respectively, and $10,897 for both of the same periods in 2012) $ 132,242 $ 134,748 $ 305,217 $ 299,061
Railcar leasing 7,527 2,668 14,070 4,048
Railcar services (including revenues from affiliates of $4,546 and $9,154 for the three and six months ended June 30, 2013, respectively, and $5,832 and $11,003 for the same periods in 2012) 19,635 16,798 35,227 32,704
Total revenues 159,404 154,214 354,514 335,813
Cost of revenues:        
Manufacturing (97,709) (106,449) (234,832) (244,010)
Railcar leasing (3,301) (1,601) (6,205) (2,342)
Railcar services (14,860) (12,740) (27,449) (25,668)
Total cost of revenues (115,870) (120,790) (268,486) (272,020)
Gross profit 43,534 33,424 86,028 63,793
Selling, general and administrative (including costs to a related party of $216 and $596 for the three and six months ended June 30, 2013, respectively, and $149 and $295 for the same periods in 2012) (3,665) (7,464) (14,930) (14,028)
Earnings from operations 39,869 25,960 71,098 49,765
Interest income (including income from related parties of $676 and $1,357 for the three and six months ended June 30, 2013, respectively, and $729 and $1,474 for the same periods in 2012) 679 769 1,370 1,547
Interest expense (1,341) (5,090) (4,341) (10,216)
Loss on debt extinguishment 0 0 (392) 0
Other income (including income from a related party of $5 and $9 for the three and six months ended June 30, 2013, respectively, and $3 and $6 for the same periods in 2012) 12 16 2,008 19
Earnings (loss) from joint ventures (804) 466 (1,777) 880
Earnings before income taxes 38,415 22,121 67,966 41,995
Income tax expense (14,796) (8,760) (26,410) (16,630)
Net earnings $ 23,619 $ 13,361 $ 41,556 $ 25,365
Net earnings per common share—basic and diluted (in dollars per share) $ 1.11 $ 0.63 $ 1.95 $ 1.19
Weighted average common shares outstanding—basic and diluted (in shares) 21,352 21,352 21,352 21,352
Cash dividends declared per common share (in dollars per share) $ 0.25 $ 0.00 $ 0.50 $ 0.00