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Recent accounting pronouncements Revenue, Initial Application Period Cumulative Effect Transition (Tables)
 6 Months Ended
Jun. 30, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Abstract]  
Revenue from Contract with Customer, Initial Application Period Cumulative Effect Transition [Table Text Block]
The following table summarizes the cumulative effect of the changes to our condensed consolidated balance sheet as of January 1, 2018 from the adoption of ASC 606 (in thousands):
 
December 31, 2017
 
Adjustments due to ASC 606
 
January 1, 2018
Assets
 
 
 
 
 
Accounts receivable, net
$
43,804

 
$
3,717

 
$
47,521

Inventories
54,147

 
(2,821
)
 
$
51,326

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Deferred tax liability, net
194,084

 
(226
)
 
193,858

 
 
 
 
 
 
Equity
 
 
 
 
 
Retained Earnings
514,453

 
669

 
515,122

Accumulated other comprehensive loss
(4,710
)
 
(3
)
 
(4,713
)
Revenue, Initial Application Period Cumulative Effect Transition [Table Text Block]
In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our condensed consolidated statement of operations and condensed consolidated balance sheet as of and for the periods ended June 30, 2018 was as follows (in thousands):

 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher / (Lower)
 
As of June 30, 2018
Balance Sheet
 
 
 
 
 
Assets
 
 
 
 
 
Accounts receivable, net
$
38,249

 
$
31,690

 
$
6,559

Inventories
77,972

 
80,655

 
(2,683
)

 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher / (Lower)
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher / (Lower)
 
For the three months ended June 30, 2018
 
For the six months ended June 30, 2018
Statement of Operations
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Railcar Services
$
22,284

 
$
20,791

 
$
1,493

 
$
40,260

 
$
37,470

 
$
2,790

Total revenues
146,528

 
145,035

 
1,493

 
262,766

 
259,976

 
2,790

 
 
 
 
 
 
 
 
 
 
 
 
Cost of Revenues
 
 
 
 
 
 
 
 
 
 
 
Railcar services
(18,429
)
 
(17,415
)
 
(1,014
)
 
(34,005
)
 
(31,579
)
 
(2,426
)
Total cost of revenues
(115,966
)
 
(114,952
)
 
(1,014
)
 
(202,731
)
 
(200,305
)
 
(2,426
)
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
30,562

 
30,083

 
479

 
60,035

 
59,671

 
364

Earnings from operations
17,361

 
16,882

 
479

 
38,402

 
38,038

 
364

Earnings before income taxes
13,097

 
12,618

 
479

 
30,560

 
30,196

 
364

Income tax expense
(3,905
)
 
(3,782
)
 
(123
)
 
(8,377
)
 
(8,284
)
 
(93
)
Net earnings
9,192

 
8,836

 
356

 
22,183

 
21,912

 
271