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Recent accounting pronouncements Revenue, Initial Application Period Cumulative Effect Transition (Tables)
 9 Months Ended
Sep. 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 September 30, 2018 was as follows (in thousands):

 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher / (Lower)
 
As of September 30, 2018
Balance Sheet
 
 
 
 
 
Assets
 
 
 
 
 
Accounts receivable, net
$
40,408

 
$
33,496

 
$
6,912

Inventories
79,655

 
85,007

 
(5,352
)

 
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
September 30, 2018
 
For the nine months ended
September 30, 2018
Statement of Operations
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Railcar services
$
26,791

 
$
26,369

 
$
422

 
$
67,051

 
$
63,839

 
$
3,212

Total revenues
99,984

 
99,562

 
422

 
362,750

 
359,538

 
3,212

 
 
 
 
 
 
 
 
 
 
 
 
Cost of Revenues
 
 
 
 
 
 
 
 
 
 
 
Railcar services
(22,892
)
 
(22,526
)
 
(366
)
 
(56,897
)
 
(54,105
)
 
(2,792
)
Total cost of revenues
(77,515
)
 
(77,149
)
 
(366
)
 
(280,246
)
 
(277,454
)
 
(2,792
)
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
22,469

 
22,413

 
56

 
82,504

 
82,084

 
420

Earnings from operations
21,894

 
21,838

 
56

 
60,296

 
59,876

 
420

Earnings before income taxes
17,482

 
17,426

 
56

 
48,042

 
47,622

 
420

Income tax expense
(4,409
)
 
(4,395
)
 
(14
)
 
(12,786
)
 
(12,678
)
 
(108
)
Net earnings
13,073

 
13,031

 
42

 
35,256

 
34,944

 
312