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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2019
Discontinued Operations [Abstract]  
Summary Of Held For Sale Railcar Assets



 

 

 

 

 

 

 

 



 

 

 

December 31,

 

December 31,



 

 

 

2019

 

2018

Rental equipment

 

 

 

$

315,059 

 

$

448,466 

Other assets

 

 

 

 

2,409 

 

 

1,264 

Loss on classification as held for sale

 

 

 

 

(7,323)

 

 

 -

Impairment of rental equipment

 

 

 

 

(25,632)

 

 

 -

Assets held for sale

 

 

 

$

284,513 

 

$

449,730 



Summary Of Components Of Income (Loss) From Discontinued Operations



 

 

 

 

 

 

 

 



Year Ended December 31,



2019

 

2018

 

2017

Revenue

 

 

 

 

 

 

 

 

Rail lease revenue

$

26,130 

 

$

35,703 

 

$

32,476 



 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

Depreciation of rental equipment

 

5,248 

 

 

14,189 

 

 

11,199 

Storage, handling and other expenses

 

6,782 

 

 

5,692 

 

 

5,615 

Gain on sale of rental equipment

 

(9,490)

 

 

(1,839)

 

 

(14)

Administrative expenses

 

3,680 

 

 

4,065 

 

 

3,111 

Total operating expenses

 

6,220 

 

 

22,107 

 

 

19,911 



 

 

 

 

 

 

 

 

Operating income

 

19,910 

 

 

13,596 

 

 

12,565 



 

 

 

 

 

 

 

 

Interest expense

 

13,343 

 

 

15,772 

 

 

11,237 

Income (loss) before income taxes

 

6,567 

 

 

(2,176)

 

 

1,328 



 

 

 

 

 

 

 

 

Loss on classification as held for sale and subsequent impairment

 

32,955 

 

 

 -

 

 

 -

(Loss) income from discontinued operations before income taxes

 

(26,388)

 

 

(2,176)

 

 

1,328 

Income tax benefit

 

(6,378)

 

 

(1,667)

 

 

(8,167)

Net (loss) income from discontinued operations

$

(20,010)

 

$

(509)

 

$

9,495