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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Manufacturing (including revenues from affiliates of $137 for both the three and six months ended June 30, 2017 and $223 and $776 for the three and six months ended June 30 2016, respectively) $ 55,087 $ 97,548 $ 115,813 $ 221,340
Railcar leasing (including revenues from affiliates of $223 and $447 for the three and six months ended June 30, 2017, respectively, and zero for the same periods in 2016) 33,717 33,209 67,552 65,977
Railcar services (including revenues from affiliates of $4,425 and $10,572 for the three and six months ended June 30, 2017, respectively, and $7,249 and $15,243 for the same periods in 2016) 20,216 19,727 40,336 39,347
Total revenues 109,020 150,484 223,701 326,664
Cost of revenues:        
Manufacturing (51,121) (81,437) (105,680) (183,718)
Other operating income 1,033 0 1,064 0
Railcar leasing (11,617) (10,356) (23,676) (20,531)
Railcar services (16,146) (15,420) (33,536) (30,657)
Total cost of revenues (77,851) (107,213) (161,828) (234,906)
Gross profit 31,169 43,271 61,873 91,758
Selling, general and administrative (9,019) (7,297) (17,821) (15,254)
Net gains on disposition of leased railcars 0 0 13 167
Earnings from operations 22,150 35,974 44,065 76,671
Interest income (including income from related parties of $306 and $642 for the three and six months ended June 30, 2017, respectively, and $427 and $884 for the same periods in 2016) 368 453 741 931
Interest expense (5,488) (5,678) (11,019) (11,584)
Other income 1,867 1 1,921 1
Earnings from joint ventures (796) (1,458) (1,346) (2,944)
Earnings before income taxes 19,693 32,208 37,054 68,963
Income tax expense (8,794) (12,312) (15,587) (26,275)
Net earnings $ 10,899 $ 19,896 $ 21,467 $ 42,688
Net earnings per common share—basic and diluted (in dollars per share) $ 0.57 $ 1.02 $ 1.12 $ 2.18
Weighted average common shares outstanding—basic and diluted (in shares) 19,084 19,511 19,084 19,588
Cash dividends declared per common share (in dollars per share) $ 0.40 $ 0.40 $ 0.80 $ 0.80