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Operating Segment and Sales Concentrations (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting Information [Line Items]  
Segment reporting information
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. 
 
Three Months Ended September 30, 2017
 
Revenues
 
 
 
External
 
Intersegment
 
Total
 
Earnings (Loss) from Operations
 
(in thousands)
Manufacturing (1)
$
68,442

 
$
33,625

 
$
102,067

 
$
3,733

Railcar leasing
33,440

 

 
33,440

 
19,029

Railcar services
18,864

 
976

 
19,840

 
1,941

Corporate

 

 

 
(4,603
)
Eliminations

 
(34,601
)
 
(34,601
)
 
(553
)
Total Consolidated
$
120,746

 
$

 
$
120,746

 
$
19,547

 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2016
 
Revenues
 
 
 
External
 
Intersegment
 
Total
 
Earnings (Loss) from Operations
 
(in thousands)
Manufacturing (1)
$
93,546

 
$
31,283

 
$
124,829

 
$
(2,773
)
Railcar leasing
32,798

 

 
32,798

 
19,320

Railcar services
18,618

 
167

 
18,785

 
2,797

Corporate

 

 

 
(2,649
)
Eliminations

 
(31,450
)
 
(31,450
)
 
(610
)
Total Consolidated
$
144,962

 
$

 
$
144,962

 
$
16,085

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
Revenues
 
 
 
External
 
Intersegment
 
Total
 
Earnings (Loss) from Operations
 
(in thousands)
Manufacturing (1)
$
184,255

 
$
149,171

 
$
333,426

 
$
20,183

Railcar leasing
100,992

 

 
100,992

 
56,529

Railcar services
59,200

 
3,191

 
62,391

 
6,986

Corporate

 

 

 
(13,828
)
Eliminations

 
(152,362
)
 
(152,362
)
 
(6,258
)
Total Consolidated
$
344,447

 
$

 
$
344,447

 
$
63,612

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
Revenues
 
 
 
External
 
Intersegment
 
Total
 
Earnings (Loss) from Operations
 
(in thousands)
Manufacturing (1)
$
314,886

 
$
64,180

 
$
379,066

 
$
35,451

Railcar leasing
98,775

 

 
98,775

 
59,232

Railcar services
57,965

 
1,735

 
59,700

 
9,364

Corporate

 

 

 
(11,598
)
Eliminations

 
(65,915
)
 
(65,915
)
 
307

Total Consolidated
$
471,626

 
$

 
$
471,626

 
$
92,756

(1)—
The earnings (loss) from operations for the manufacturing segment include the impact of the loss contingency reserve related to the FRA Revised Directive, which is recognized by the manufacturing segment. The impact of the loss contingency reserve was $(0.9) million and 0.1 million for the three and nine months ended September 30, 2017, respectively, and $(17.0) million for both the three and nine months ended September 30, 2016.
Total Assets
September 30,
2017
 
December 31,
2016
 
(in thousands)
Manufacturing
$
225,157

 
$
256,622

Railcar leasing
1,357,891

 
1,254,824

Railcar services
61,361

 
57,061

Corporate/Eliminations
(176,651
)
 
(112,257
)
Total Consolidated
$
1,467,758

 
$
1,456,250

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 revenue.
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
2017
 
2016
 
2017
 
2016
Manufacturing
 
0.2
%
 
%
 
0.1
%
 
0.2
%
Railcar leasing
 
0.2
%
 
%
 
0.2
%
 
%
Railcar services
 
1.0
%
 
4.1
%
 
3.4
%
 
4.5
%
Sales Revenue, Segment [Member]  
Segment Reporting Information [Line Items]  
Schedules of sales and credit concentration
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
Manufacturing revenues from significant customers
34.7
%
 
38.9
%
 
13.9
%
 
29.7
%