XML 19 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Manufacturing (including revenues from affiliates of $269,563, $245,891 and $250,455 in 2015, 2014 and 2013, respectively) $ 700,061 $ 600,326 $ 646,100
Railcar leasing 116,714 65,108 31,871
Railcar services (including revenues from affiliates of $24,880, $19,304 and $17,167 in 2015, 2014 and 2013, respectively) 72,561 67,572 72,621
Total revenues 889,336 733,006 750,592
Cost of revenues:      
Manufacturing (539,136) (455,547) (503,178)
Railcar leasing (36,161) (23,733) (13,394)
Railcar services (56,492) (54,386) (55,408)
Total cost of revenues (631,789) (533,666) (571,980)
Gross profit 257,547 199,340 178,612
Selling, general and administrative (30,866) (29,420) (27,705)
Net gains on disposition of leased railcars 25 138 0
Earnings from operations 226,706 170,058 150,907
Interest income (including income from related parties of $2,105, $2,429 and $2,678 in 2015, 2014 and 2013, respectively) 2,164 2,517 2,716
Interest expense (21,801) (7,622) (7,337)
Loss on debt extinguishment (2,126) (1,896) (392)
Other (loss) income (11) (20) 2,037
Earnings (loss) from joint ventures 5,812 1,570 (8,595)
Earnings before income taxes 210,744 164,607 139,336
Income tax expense (77,291) (65,074) (52,440)
Net earnings $ 133,453 $ 99,533 $ 86,896
Net earnings per common share—basic and diluted (in dollars per share) $ 6.39 $ 4.66 $ 4.07
Weighted average common shares outstanding - basic and diluted (in shares) 20,883 21,352 21,352
Cash dividends declared per common share (in dollars per share) $ 1.60 $ 1.60 $ 1.00