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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Manufacturing (including revenues from affiliates of $91,135 and $132,370 for the three and six months ended June 30, 2014, respectively, and $19,904 and $82,982 for the same periods in 2013) $ 206,364 $ 132,242 $ 360,327 $ 305,217
Railcar Leasing 13,885 7,527 25,631 14,070
Railcar Services (including revenues from affiliates of $4,699 and $8,662 for the three and six months ended June 30, 2014, respectively, and $4,546 and $9,154 for the same periods in 2013) 17,260 19,635 33,666 35,227
Total revenues 237,509 159,404 419,624 354,514
Cost of revenues:        
Manufacturing (160,033) (97,709) (278,398) (234,832)
Railcar Leasing (5,382) (3,301) (9,873) (6,205)
Railcar Services (13,424) (14,860) (26,789) (27,449)
Total cost of revenues (178,839) (115,870) (315,060) (268,486)
Gross profit 58,670 43,534 104,564 86,028
Selling, general and administrative (6,820) (3,665) (16,207) (14,930)
Earnings from operations 51,850 39,869 88,357 71,098
Interest income (including income from related parties of $613 and $1,240 for the three and six months ended June 30, 2014, respectively, and $676 and $1,357 for the same periods in 2013) 619 679 1,260 1,370
Interest expense (1,843) (1,341) (3,515) (4,341)
Loss on debt extinguishment 0 0 (1,896) (392)
Other income 27 12 32 2,008
Earnings (Loss) from joint ventures 335 (804) (266) (1,777)
Earnings before income taxes 50,988 38,415 83,972 67,966
Income tax expense (18,772) (14,796) (30,986) (26,410)
Net earnings $ 32,216 $ 23,619 $ 52,986 $ 41,556
Net earnings per common share—basic and diluted (in dollars per share) $ 1.51 $ 1.11 $ 2.48 $ 1.95
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) $ 0.40 $ 0.25 $ 0.80 $ 0.50