XML 59 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
Operating Segments and Sales, Geographic and Credit Concentrations (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting Information [Line Items]  
Segment Reporting Information
Manufacturing
Manufacturing consists of railcar manufacturing, and railcar and industrial component manufacturing. Intersegment revenues are determined based on an estimated fair market value of the railcars manufactured for the Company's railcar leasing segment, as if such railcars had been sold to a third party. Revenues for railcars manufactured for the Company's railcar leasing segment are not recognized in consolidated revenues as railcar sales, but rather lease revenues are recognized over the term of the lease. Earnings from operations for manufacturing include an allocation of selling, general and administrative costs, as well as profit for railcars manufactured for the Company's railcar leasing segment based on revenue determined as described above.
Railcar leasing
Railcar leasing consists of railcars manufactured by the Company and leased to third parties under operating leases. Earnings from operations for railcar leasing include an allocation of selling, general and administrative costs and also reflect origination fees paid to ARL associated with originating the lease to the Company's leasing customers. The origination fees represent a percentage of the revenues from the lease over its initial term and are paid up front.
Railcar services
Railcar services consists of railcar repair services provided through the Company's various repair facilities, including mini repair shops and mobile repair units, offering a range of services from full to light repair. Earnings from operations for railcar services include an allocation of selling, general and administrative costs.
Segment financial results
The information in the following table is derived from the segments' internal financial reports used by the Company's management for purposes of assessing segment performance and for making decisions about allocation of resources.
 
Revenues
 
 
 
Capital
Expenditures
 
Depreciation &
Amortization
 
External
 
Intersegment
 
Total
 
Earnings (Loss) from Operations
 
 
 
 
 
(in thousands)
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
Manufacturing
$
700,061

 
$
319,399

 
$
1,019,460

 
$
240,891

 
$
21,589

 
$
15,024

Railcar leasing
116,714

 
—

 
116,714

 
70,319

 
211,646

 
26,163

Railcar services
72,561

 
1,936

 
74,497

 
13,898

 
8,865

 
2,818

Corporate
—

 
—

 
—

 
(18,779
)
 
6,160

 
1,724

Eliminations
—

 
(321,335
)
 
(321,335
)
 
(79,623
)
 
—

 
—

Total Consolidated
$
889,336

 
$
—

 
$
889,336

 
$
226,706

 
$
248,260

 
$
45,729

 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2014
 
 
 
 
 
 
 
 
Manufacturing
$
600,326

 
$
419,295

 
$
1,019,621

 
$
262,937

 
$
13,298

 
$
14,472

Railcar leasing
65,108

 
—

 
65,108

 
36,090

 
307,820

 
16,454

Railcar services
67,572

 
270

 
67,842

 
10,366

 
4,672

 
2,609

Corporate
—

 
—

 
—

 
(18,339
)
 
1,960

 
677

Eliminations
—

 
(419,565
)
 
(419,565
)
 
(120,996
)
 
—

 
—

Total Consolidated
$
733,006

 
$
—

 
$
733,006

 
$
170,058

 
$
327,750

 
$
34,212

 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2013
 
 
 
 
 
 
 
 
Manufacturing
$
646,100

 
$
217,922

 
$
864,022

 
$
190,075

 
$
12,168

 
$
14,504

Railcar leasing
31,871

 
—

 
31,871

 
14,876

 
162,068

 
9,799

Railcar services
72,621

 
233

 
72,854

 
14,325

 
5,925

 
2,506

Corporate
—

 
—

 
—

 
(17,085
)
 
3,932

 
903

Eliminations
—

 
(218,155
)
 
(218,155
)
 
(51,284
)
 
—

 
—

Total Consolidated
$
750,592

 
$
—

 
$
750,592

 
$
150,907

 
$
184,093

 
$
27,712

Total Assets 
 
December 31,
 
2015
 
2014
 
2013
 
(in thousands)
Manufacturing
$
272,721

 
$
318,157

 
$
264,689

Railcar leasing
1,195,261

 
908,010

 
478,000

Railcar services
56,880

 
52,639

 
52,150

Corporate/Eliminations
5,293

 
(86,397
)
 
30,770

Total Consolidated
$
1,530,155

 
$
1,192,409

 
$
825,609
Schedule of Sales to Related Parties
Below is a summary of revenue from affiliates for each operating segment reflected as a percentage of total consolidated revenues.
 
December 31,
 
2015
 
2014
 
2013
Manufacturing
30.3
%
 
33.5
%
 
33.4
%
Railcar Leasing
—
%
 
—
%
 
—
%
Railcar Services
2.8
%
 
2.6
%
 
2.3
%
Sales Revenue, Segment [Member]  
Segment Reporting Information [Line Items]  
Schedules of Concentration of Risk, by Risk Factor
 
December 31,
 
2015
 
2014
 
2013
IELP Entities
29.2
%
 
31.0
%
 
31.7
%
Accounts Receivable [Member]  
Segment Reporting Information [Line Items]  
Schedules of Concentration of Risk, by Risk Factor
 
December 31,
 
2015
 
2014
Manufacturing receivables from significant customers
20.9
%
 
60.5
%