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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Manufacturing (including revenues from affiliates of $2,564 for both the three and nine months ended September 30, 2018 and $188 and $325 for the same periods in 2017) $ 40,766 $ 68,442 $ 194,347 $ 184,255
Railcar leasing (including revenues from affiliates of $404 and $1,219 for the three and nine months ended September 30, 2018, respectively, and $231 and $678 for the same periods in 2017) 32,427 33,440 101,352 100,992
Railcar services (including revenues from affiliates of zero and $17 for the three and nine months ended September 30, 2018, respectively, and $1,156 and $11,729 for the same periods in 2017) 26,791 18,864 67,051 59,200
Total revenues 99,984 120,746 362,750 344,447
Cost of revenues:        
Manufacturing (42,117) (64,235) (184,507) (169,915)
Other operating (loss) income (15) (924) 29 140
Railcar leasing (12,491) (10,856) (38,871) (34,532)
Railcar services (22,892) (16,023) (56,897) (49,559)
Total cost of revenues (77,515) (92,038) (280,246) (253,866)
Gross profit 22,469 28,708 82,504 90,581
Selling, general and administrative (10,993) (9,263) (29,349) (27,084)
Net gains on disposition of leased railcars 272 102 549 115
Asset Impairment Charges 0 0 (3,554) 0
Gain (Loss) on Contract Termination 10,146 0 10,146 0
Earnings from operations 21,894 19,547 60,296 63,612
Interest income (including income from related parties of $166 and $578 for the three and nine months ended September 30, 2018, respectively, and $280 and $922 for the same periods in 2017) 470 405 1,385 1,146
Interest expense (5,250) (5,441) (15,886) (16,460)
Other income 0 393 1 2,314
Earnings from joint ventures 368 232 2,246 1,578
Earnings before income taxes 17,482 15,136 48,042 52,190
Income tax expense (4,409) (6,278) (12,786) (21,865)
Net earnings $ 13,073 $ 8,858 $ 35,256 $ 30,325
Net earnings per common share—basic and diluted (in dollars per share) $ 0.69 $ 0.46 $ 1.85 $ 1.59
Weighted average common shares outstanding—basic and diluted (in shares) 19,084 19,084 19,084 19,084
Cash dividends declared per common share (in dollars per share) $ 0.40 $ 0.40 $ 1.20 $ 1.20