XML 17 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Manufacturing (including revenues from affiliates of zero and $553 for the three months ended March 31, 2017 and 2016, respectively) $ 60,726 $ 123,792
Railcar leasing (including revenues from affiliates of $224 and zero for the three months ended March 31, 2017 and 2016, respectively) 33,835 32,768
Railcar services (including revenues from affiliates of $6,147 and $7,994 for the three months ended March 31, 2017 and 2016, respectively) 20,120 19,620
Total revenues 114,681 176,180
Cost of revenues:    
Manufacturing (54,559) (102,281)
Other operating income 31 0
Railcar leasing (12,059) (10,175)
Railcar services (17,390) (15,237)
Total cost of revenues (83,977) (127,693)
Gross profit 30,704 48,487
Selling, general and administrative (8,802) (7,957)
Net gains on disposition of leased railcars 13 167
Earnings from operations 21,915 40,697
Interest income (including income from related parties of $336 and $457 for the three months ended March 31, 2017 and 2016, respectively) 373 478
Interest expense (5,531) (5,906)
Other income 54 0
Earnings from joint ventures 550 1,486
Earnings before income taxes 17,361 36,755
Income tax expense (6,793) (13,963)
Net earnings $ 10,568 $ 22,792
Net earnings per common share—basic and diluted (in dollars per share) $ 0.55 $ 1.16
Weighted average common shares outstanding—basic and diluted (in shares) 19,084 19,665
Cash dividends declared per common share (in dollars per share) $ 0.40 $ 0.40