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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Manufacturing (including revenues from affiliates of $553 and $121,196 for the three months ended March 31, 2016 and 2015, respectively) $ 123,792 $ 221,811
Railcar leasing 32,768 24,585
Railcar services (including revenues from affiliates of $7,994 and $6,380 for the three months ended March 31, 2016 and 2015, respectively) 19,620 17,380
Total revenues 176,180 263,776
Cost of revenues:    
Manufacturing (102,281) (174,534)
Railcar leasing (10,175) (7,701)
Railcar services (15,237) (13,845)
Total cost of revenues (127,693) (196,080)
Gross profit 48,487 67,696
Selling, general and administrative (7,957) (7,681)
Gain (Loss) on Disposition of Assets 167 0
Earnings from operations 40,697 60,015
Interest income (including income from related parties of $457 and $557 for the three months ended March 31, 2016 and 2015, respectively) 478 563
Interest expense (5,906) (4,738)
Loss on debt extinguishment 0 2,126
Other Income 0 6
Earnings from joint ventures 1,486 1,797
Earnings before income taxes 36,755 55,517
Income tax expense (13,963) (20,541)
Net earnings $ 22,792 $ 34,976
Net earnings per common share—basic and diluted (in dollars per share) $ 1.16 $ 1.64
Weighted average common shares outstanding—basic and diluted (in shares) 19,665 21,352
Cash dividends declared per common share (in dollars per share) $ 0.40 $ 0.40