Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Oct. 29, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Document Period End Date	Sep. 30, 2019
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001320854
Entity Registrant Name	FREIGHTCAR AMERICA, INC.
Entity Filer Category	Accelerated Filer
Trading Symbol	RAIL
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,687,573
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common stock, par value $0.01 per share
Security Exchange Name	NASDAQ
Entity File Number	000-51237
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	25-1837219
Entity Address, Address Line One	Two North Riverside Plaza, Suite 1300
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60606
City Area Code	800
Local Phone Number	458-2235
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash, cash equivalents and restricted cash equivalents	$ 59,441	$ 45,070
Restricted certificates of deposit	506	4,952
Marketable securities	0	18,019
Accounts receivable, net of allowance for doubtful accounts of $140 and $91, respectively	8,735	18,218
Inventories, net	55,656	64,562
Other current assets	7,672	5,012
Total current assets	132,010	155,833
Property, plant and equipment, net	38,912	45,317
Railcars available for lease, net	47,051	64,755
Right of use asset	69,208
Goodwill		21,521
Other long-term assets	2,106	2,311
Total assets	289,287	289,737
Current liabilities
Accounts and contractual payables	23,994	34,749
Accrued payroll and other employee costs	4,211	1,639
Reserve for workers' compensation	3,816	3,344
Accrued warranty	7,666	9,309
Customer deposits	1,281	3,000
Deferred income state and local incentives, current	2,219	2,219
Deferred rent, current		6,466
Lease liability, current	17,144
Other current liabilities	1,402	1,324
Total current liabilities	61,733	62,050
Long-term debt	10,200
Accrued pension costs	5,574	5,841
Accrued postretirement benefits, less current portion	4,694	4,975
Deferred income state and local incentives, long-term	5,277	6,941
Deferred rent, long-term		15,519
Lease liability, long-term	68,804
Other long-term liabilities	4,009	801
Total liabilities	160,291	96,127
Stockholders' equity
Preferred stock, $0.01 par value, 2,500,000 shares authorized (100,000 shares each designated as Series A voting and Series B non-voting, 0 shares issued and outstanding at September 30, 2019 and December 31, 2018)
Common stock, $0.01 par value, 50,000,000 shares authorized, 12,731,678 shares issued at September 30, 2019 and December 31, 2018	127	127
Additional paid in capital	82,550	90,593
Treasury stock, at cost, 43,105 and 272,030 shares at September 30, 2019 and December 31, 2018, respectively	(983)	(9,721)
Accumulated other comprehensive loss	(8,057)	(8,188)
Retained earnings	55,359	120,799
Total stockholders' equity	128,996	193,610
Total liabilities and stockholders' equity	$ 289,287	$ 289,737

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 140	$ 91
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,500,000	2,500,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,731,678	12,731,678
Treasury stock, shares at cost	43,105	272,030
Series A Preferred Stock [Member]
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Consolidated Statements of Operations [Abstract]
Revenues	$ 40,651	$ 78,968	$ 185,020	$ 228,684
Cost of sales	46,061	82,806	191,255	228,279
Gross (loss) profit	(5,410)	(3,838)	(6,235)	405
Selling, general and administrative expenses	7,772	5,448	30,791	21,829
Loss on sale of railcars available for lease	42		5,238
Gain on sale of facility		(573)		(573)
Restructuring and impairment charges	23,032		24,351
Operating loss	(36,256)	(8,713)	(66,615)	(20,851)
Interest expense and deferred financing costs	(223)	(26)	(374)	(85)
Other income	363	452	765	1,421
Loss before income taxes	(36,116)	(8,287)	(66,224)	(19,515)
Income tax benefit	(387)	(2,115)	(576)	(4,603)
Net loss	$ (35,729)	$ (6,172)	$ (65,648)	$ (14,912)
Net loss per common share - basic	$ (2.83)	$ (0.50)	$ (5.20)	$ (1.20)
Net loss per common share - diluted	$ (2.83)	$ (0.50)	$ (5.20)	$ (1.20)
Weighted average common shares outstanding - basic	12,359,478	12,325,718	12,349,670	12,316,497
Weighted average common shares outstanding - diluted	12,359,478	12,325,718	12,349,670	12,316,497
Dividends declared per common share

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Consolidated Statements of Comprehensive Loss [Abstract]
Net loss	$ (35,729)	$ (6,172)	$ (65,648)	$ (14,912)
Other comprehensive income:
Pension liability adjustments, net of tax	138	89	412	265
Postretirement liability adjustments, net of tax	(94)	(53)	(281)	(157)
Other comprehensive income	44	36	131	108
Comprehensive loss	$ (35,685)	$ (6,136)	$ (65,517)	$ (14,804)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid In Capital [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2017	$ 127	$ 90,347	$ (12,555)	$ (7,567)	$ 161,380	$ 231,732
Balance (Shares) at Dec. 31, 2017	12,731,678		336,982
Net loss					(14,912)	(14,912)
Other comprehensive income				108		108
Restricted stock awards		(3,141)	$ 3,141
Restricted stock awards, shares			85,182
Employee stock settlement			$ (117)			(117)
Employee stock settlement, shares			(7,089)
Forfeiture of restricted stock awards		137	$ (137)
Forfeiture of restricted stock awards, shares			(9,141)
Stock-based compensation recognized		2,511				2,511
Balance at Sep. 30, 2018	$ 127	89,854	$ (9,668)	(7,459)	146,468	219,322
Balance (Shares) at Sep. 30, 2018	12,731,678		268,030
Balance at Jun. 30, 2018	$ 127	89,110	$ (9,685)	(7,495)	152,640	224,697
Balance (Shares) at Jun. 30, 2018	12,731,678		267,880
Net loss					(6,172)	(6,172)
Other comprehensive income				36		36
Restricted stock awards		(36)	$ 36
Restricted stock awards, shares			1,000
Employee stock settlement			$ 1			1
Forfeiture of restricted stock awards		20	$ (20)
Forfeiture of restricted stock awards, shares			(1,150)
Stock-based compensation recognized		760				760
Balance at Sep. 30, 2018	$ 127	89,854	$ (9,668)	(7,459)	146,468	219,322
Balance (Shares) at Sep. 30, 2018	12,731,678		268,030
Cumulative effect of adoption of ASC 842					208	208
Balance at Dec. 31, 2018	$ 127	90,593	$ (9,721)	(8,188)	120,799	193,610
Balance (Shares) at Dec. 31, 2018	12,731,678		272,030
Net loss					(65,648)	(65,648)
Other comprehensive income				131		131
Restricted stock awards		(9,171)	$ 9,171
Restricted stock awards, shares			293,309
Employee stock settlement			$ (59)			(59)
Employee stock settlement, shares			(7,404)
Forfeiture of restricted stock awards		374	$ (374)
Forfeiture of restricted stock awards, shares			(56,980)
Stock-based compensation recognized		754				754
Balance at Sep. 30, 2019	$ 127	82,550	$ (983)	(8,057)	55,359	128,996
Balance (Shares) at Sep. 30, 2019	12,731,678		43,105
Balance at Jun. 30, 2019	$ 127	83,435	$ (2,348)	(8,101)	91,088	164,201
Balance (Shares) at Jun. 30, 2019	12,731,678		102,951
Net loss					(35,729)	(35,729)
Other comprehensive income				44		44
Restricted stock awards		(1,365)	$ 1,365
Restricted stock awards, shares			59,846
Stock-based compensation recognized		480				480
Balance at Sep. 30, 2019	$ 127	$ 82,550	$ (983)	$ (8,057)	$ 55,359	$ 128,996
Balance (Shares) at Sep. 30, 2019	12,731,678		43,105

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net loss	$ (65,648)	$ (14,912)
Adjustments to reconcile net loss to net cash flows used in operating activities:
Restructuring and impairment charges	24,351
Net proceeds from Shoals transaction		2,655
Depreciation and amortization	9,487	8,341
Amortization expense - right-of-use leased assets	8,168
Recognition of deferred income from state and local incentives	(1,665)	(1,665)
Loss on sale of railcars available for lease	5,131
Deferred income taxes	(346)	(4,840)
Stock-based compensation recognized	754	2,511
Other non-cash items, net	(1,364)	(260)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	9,483	(31,305)
Inventories	10,407	(14,465)
Inventories on lease		(32,228)
Other assets	(1,706)	406
Accounts and contractual payables	(11,206)	18,159
Accrued payroll and employee benefits	1,254	(449)
Income taxes receivable/payable	(289)	814
Accrued warranty	(1,643)	1,464
Lease liability	(13,210)
Other liabilities	2,906	(604)
Accrued pension costs and accrued postretirement benefits	(417)	(1,003)
Net cash flows used in operating activities	(25,553)	(67,381)
Cash flows from investing activities
Purchase of restricted certificates of deposit	(1,416)	(4,952)
Maturity of restricted certificates of deposit	5,862	5,220
Purchase of securities held to maturity	(1,986)	(101,356)
Proceeds from maturity of securities	20,025	117,442
Cost of railcars available for lease		(5,119)
Purchase of property, plant and equipment	(3,292)	(1,107)
Proceeds from sale of property, plant and equipment and railcars available for lease	11,519	2,458
Net cash flows provided by investing activities	30,712	12,586
Cash flows from financing activities
Proceeds from line of credit borrowings	10,200
Employee stock settlement	(59)	(117)
Deferred financing costs	(929)
Net cash flows provided by (used in) financing activities	9,212	(117)
Net increase (decrease) in cash and cash equivalents	14,371	(54,912)
Cash, cash equivalents and restricted cash equivalents at beginning of period	45,070	87,788
Cash, cash equivalents and restricted cash equivalents at end of period	59,441	32,876
Supplemental cash flow information
Interest paid	153	51
Income tax refunds received		552
Income tax paid	$ 58	$ 5

Description of the Business	9 Months Ended
Description of the Business	Sep. 30, 2019
Description of the Business [Abstract]
Description of the Business	Note 1 – Description of the Business FreightCar America, Inc. (“FreightCar”) operates primarily in North America through its direct and indirect subsidiaries, JAC Operations, Inc., Johnstown America, LLC, Freight Car Services, Inc., JAIX Leasing Company (“JAIX”), FreightCar America Leasing, LLC, FreightCar America Leasing 1, LLC, FreightCar Roanoke, LLC, FreightCar Mauritius Ltd. (“Mauritius”), FreightCar Rail Services, LLC (“FCRS”), FreightCar Short Line, Inc. (“FCSL”), FreightCar Alabama, LLC and FreightCar (Shanghai) Trading Co., Ltd (herein collectively referred to as the “Company”), and manufactures a wide range of railroad freight cars, supplies railcar parts and leases freight cars. The Company designs and builds high-quality railcars, including coal cars, bulk commodity cars, covered hopper cars, intermodal and non-intermodal flat cars, mill gondola cars, coil steel cars and boxcars. The Company is headquartered in Chicago, Illinois and has facilities in the following locations: Cherokee, Alabama; Grand Island, Nebraska; Johnstown, Pennsylvania; Roanoke, Virginia; and Shanghai, People’s Republic of China. The Company and its direct and indirect subsidiaries are all Delaware corporations or Delaware limited liability companies except Mauritius, which is incorporated in Mauritius, and FreightCar (Shanghai) Trading Co., Ltd., which is organized in the People’s Republic of China. The Company’s direct and indirect subsidiaries are all wholly owned. On September 19, 2019, the Company announced the formation of a joint venture with Fabricaciones y Servicios de México, S.A. de C.V. (“Fasemex”), a Mexican company with operations in both Mexico and the United States. The joint venture will lease a manufacturing facility in Castanos, Mexico in which it will manufacture railcars. Production of railcars at the facility is expected to begin in mid 2020.

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2019
Basis of Presentation [Abstract]
Basis of Presentation	Note 2 – Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of FreightCar America, Inc. and subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The foregoing financial information has been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) and rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial reporting. The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the results to be expected for the full year. The accompanying interim financial information is unaudited; however, the Company believes the financial information reflects all adjustments (consisting of items of a normal recurring nature) necessary for a fair presentation of financial position, results of operations and cash flows in conformity with GAAP. The 2018 year-end balance sheet data was derived from the audited financial statements as of December 31, 2018. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted. These interim financial statements should be read in conjunction with the audited financial statements contained in the Company’s annual report on Form 10-K for the year ended December 31, 2018.

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2019
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Note 3 – Recent Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2018-15, Intangibles – Goodwill and Other – Internal-Use Software, which requires capitalization of certain implementation costs incurred in a cloud computing arrangement that is a service contract. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact of this standard on its consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU 2018-14, Compensation – Retirement Benefits – Defined Benefit Plans – General, which modifies the disclosure requirements for defined benefit and other postretirement plans. ASU 2018-14 eliminates certain disclosures related to accumulated other comprehensive income, plan assets, related parties and the effects of interest rate basis point changes on assumed health care costs, and adds disclosures to address significant gains and losses related to changes in benefit obligations. ASU 2018-14 also clarifies disclosure requirements for projected benefit and accumulated benefit obligations. ASU 2018-14 is effective for fiscal years ending after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. Adoption on a retrospective basis for all periods presented is required. The Company is currently assessing the impact of this standard on its consolidated financial statements and related disclosures. In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which permits entities to reclassify tax effects stranded in accumulated other comprehensive income as a result of the recent U.S. tax reform to retained earnings. Companies that elect to reclassify these amounts must reclassify stranded tax effects for all items accounted for in accumulated other comprehensive income. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company did not elect to reclassify tax effects stranded in accumulated other comprehensive income as a result of the recent U.S. tax reform to retained earnings. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Topic 350 currently requires an entity to perform a two-step test to determine the amount, if any, of goodwill impairment. The amendment in ASU 2017-04 removes the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. This standard is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 and early adoption is permitted. The Company early adopted ASU 2017-04 during the three months ended September 30, 2019, and accounting for goodwill impairment in 2019 is in accordance with the guidance under ASU 2017-04. In February 2016, the FASB issued ASU 2016-02, as amended, Leases (Topic 842), which requires a lessee to record a right-of-use asset and a lease liability for all leases with a term greater than twelve months regardless of whether the lease is classified as an operating lease or a financing lease. The Company adopted ASU 2016-02 effective January 1, 2019. See Note 4 – Leases for the impact on the financial statements and related disclosures from the adoption of this standard.

Leases

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Leases

Note 4 – Leases

Effective January 1, 2019, the Company adopted ASU 2016-02, as amended, Leases (Topic 842) using the modified retrospective method of applying the new standard at the adoption date. In addition, the Company has elected the package of practical expedients permitted under the transition guidance within the new standard, which, among other things, does not require reassessment of prior conclusions related to contracts containing a lease, lease classification, and initial direct lease costs. Adoption of this standard resulted in the recording of net operating lease right-of-use (ROU) assets of $45,727 and corresponding operating lease liabilities of $67,508 as of January 1, 2019. The condensed consolidated balance sheets for reporting periods beginning on or after January 1, 2019 are presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with ASC Topic 840, Leases.

The Company determines if an arrangement is a lease at inception of a contract. Substantially all of the Company’s leases are operating leases. A significant portion of the Company’s operating lease portfolio includes manufacturing sites, component warehouses and corporate offices. The remaining lease terms on the majority of the Company’s leases is between 2.5 to 8 years, some of which include options to extend the lease terms. Leases with initial term of 12 months or less are not recorded on the condensed consolidated balance sheet. Operating lease ROU assets are presented within long term assets, the current portion of operating lease liabilities is presented within current liabilities and the non-current portion of operating lease liabilities are presented within long term liabilities on the condensed consolidated balance sheet.

ROU assets represent the Company’s right to use an underlying asset during the lease term and the lease liabilities represent the Company’s obligation to make the lease payments arising during the lease. ROU assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company’s ROU assets have been reduced by the remaining unamortized lease incentive that the Company received on February 28, 2018 from Navistar, Inc. in exchange for the Company assuming all of the remaining contractual lease obligations for the Shoals facility. The Company’s lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. As most of the Company’s operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term. The components of the lease costs were as follows:


	Three Months Ended September 30, 2019	Nine Months Ended September 30, 2019
Operating lease costs:
Fixed	$ 3,504	$ 10,541
Variable	-	-
Short-term	305	$ 807
Total lease cost	$ 3,810	$ 11,348


Supplemental balance sheet information related to leases were as follows:
	September 30, 2019
Operating leases:
Right of use assets	$ 69,208

Lease liabilities:
Lease liability, current	$ 17,144
Lease liability, long-term	68,804
Total operating lease liabilities	$ 85,948


Supplemental cash flow information is as follows:
	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 15,581
Total	$ 15,581

Right of use assets obtained in exchange for new lease obligations:
Operating leases	$ 32,079
Total	$ 32,079


The aggregate future lease payments for operating leases as of September 30, 2019 are as follows:
	Operating leases
2019 (Excluding the nine months ended September 30, 2019)	$ 5,393
2020	20,325
2021	20,017
2022	12,869
2023	11,817
Thereafter	27,313
Total lease payments	97,733
Less: interest	(11,785)
Total	$ 85,948


The aggregate future lease payments for operating leases as of December 31, 2018 were as follows:
	Operating leases
2019	$ 20,295
2020	20,595
2021	20,424
2022	4,873
2023	3,820
Thereafter	3,024
Total	$ 73,031


Weighted-average remaining lease term (years)
Operating leases	7.5
Weighted-average discount rate
Operating leases	4.5%

On February 26, 2019, the Company entered into an Amendment to its lease of the Shoals, Alabama manufacturing facility to extend the initial term thereof from December 31, 2021 to December 31, 2026, with two five-year extension terms thereafter through December 31, 2031 and December 31, 2036, at the Company’s option. In addition, the Company will vacate up to 40% of the manufacturing facility on or before December 31, 2021 with the base rent payable to the Landlord reduced on proportional basis.

The Company has accounted for the amendment as a modification of the lease, resulting in a non-cash increase to lease liability and right of use asset of $32,079. The company concluded that the initial term through December 31, 2026 would be included in the measurement of lease liabilities as of the modification date. The Company has concluded that the options for extensions beyond that date are not reasonably certain of exercise, and have been excluded from the measurement of lease liabilities.

Revenue Recognition

9 Months Ended

Sep. 30, 2019

Revenue Recognition [Abstract]

Revenue Recognition

Note 5 – Revenue Recognition

The following table disaggregates the Company’s revenues by major source:



		Three months ended			Nine months ended
		September 30,			September 30,
		2019		2018		2019		2018

Railcar sales	$	36,343	$	73,540	$	171,460	$	213,788
Parts sales		2,733		3,745		8,592		10,630
Other sales		12		2		42		60
Revenues from contracts with customers		39,088		77,287		180,094		224,478
Leasing revenues		1,563		1,681		4,926		4,206
Total revenues	$	40,651	$	78,968	$	185,020	$	228,684

Contract Balances and Accounts Receivable

Contract assets represent the Company’s rights to consideration for performance obligations that have been satisfied but for which the terms of the contract do not permit billing at the reporting date. The Company has no contract assets as of September 30, 2019. The Company may receive cash payments from customers in advance of the Company satisfying performance obligations under its sales contracts resulting in deferred revenue or customer deposits, which are considered contract liabilities. Deferred revenue and customer deposits are classified as either current or long-term in the Condensed Consolidated Balance Sheet based on the timing of when the Company expects to recognize the related revenue. Deferred revenue and customer deposits included in customer deposits, other current liabilities and other long-term liabilities in the Company’s Condensed Consolidated Balance Sheet as of September 30, 2019 were not material.

Performance Obligations

The Company is electing not to disclose the value of the remaining unsatisfied performance obligation with a duration of one year or less as permitted by the practical expedient in ASU 2014-09, Revenue from Contracts with Customers. The Company had remaining unsatisfied performance obligations as of September 30, 2019 with expected duration of greater than one year of $104,100.

Segment Information

9 Months Ended

Sep. 30, 2019

Segment Information [Abstract]

Segment Information

Note 6 – Segment Information

The Company’s operations comprise two operating segments, Manufacturing and Parts, and one reportable segment, Manufacturing. The Company’s Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds. The Company’s Parts operating segment is not significant for reporting purposes and has been combined with corporate and other non-operating activities as Corporate and Other.

Segment operating income is an internal performance measure used by the Company’s Chief Operating Decision Maker to assess the performance of each segment in a given period. Segment operating income includes all external revenues attributable to the segments as well as operating costs and income that management believes are directly attributable to the current production of goods and services. The Company’s management reporting package does not include interest revenue, interest expense or income taxes allocated to individual segments and these items are not considered as a component of segment operating income. Segment assets represent operating assets and exclude intersegment accounts, deferred tax assets and income tax receivables. The Company does not allocate cash and cash equivalents and restricted cash and restricted cash equivalents to its operating segments as the Company’s treasury function is managed at the corporate level. Intersegment revenues were not material in any period presented.



	Three months ended		Nine months ended
	September 30,		September 30,
	2019	2018	2019	2018
Revenues:
Manufacturing	$ 37,868	$ 75,162	$ 176,280	$ 217,946
Corporate and Other	2,783	3,806	8,740	10,738
Consolidated Revenues	$ 40,651	$ 78,968	$ 185,020	$ 228,684
Operating Loss:
Manufacturing (1)	$ (30,788)	$ (5,906)	$ (43,444)	$ (8,014)
Corporate and Other	(5,468)	(2,807)	(23,171)	(12,837)
Consolidated Operating Loss	(36,256)	(8,713)	(66,615)	(20,851)
Consolidated interest expense and deferred financing costs	(223)	(26)	(374)	(85)
Consolidated other income (expense)	363	452	765	1,421
Consolidated Loss Before Income Taxes	$ (36,116)	$ (8,287)	$ (66,224)	$ (19,515)
Depreciation and Amortization:
Manufacturing	$ 2,819	$ 2,759	$ 8,922	$ 7,740
Corporate and Other	191	135	565	601
Consolidated Depreciation and Amortization	$ 3,010	$ 2,894	$ 9,487	$ 8,341
Capital Expenditures:
Manufacturing (2)	$ 1,052	$ 564	$ 2,485	$ 789
Corporate and Other	205	64	807	318
Consolidated Capital Expenditures	$ 1,257	$ 628	$ 3,292	$ 1,107

(1) Results for the three and nine months ended September 30, 2019 include restructuring and impairment charges of $23,032 and $24,351, respectively
(2) Excluding assets of $17,169 acquired as part of a business acquisition on February 28, 2018.



	September 30,		December 31,
	2019		2018
Assets:
Manufacturing	$	209,830	$	208,663
Corporate and Other		77,435		79,028
Total Operating Assets		287,265		287,691
Consolidated income taxes receivable		2,022		2,046
Consolidated Assets	$	289,287	$	289,737

Fair Value Measurements

9 Months Ended

Sep. 30, 2019

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 7 – Fair Value Measurements

The following table sets forth by level within the fair value hierarchy the Company’s financial assets that were recorded at fair value on a recurring basis and the Company’s non-financial assets that were recorded at fair value on a non-recurring basis.



Recurring Fair Value Measurements		As of September 30, 2019
		Level 1		Level 2		Level 3		Total
ASSETS:
Cash equivalents	$	4,088	$	-	$	-	$	4,088
Restricted certificates of deposit	$	4,446	$	-	$	-	$	4,446
Escrow receivable	$	-	$	-	$	930	$	930


Recurring Fair Value Measurements		As of December 31, 2018
		Level 1		Level 2		Level 3		Total
ASSETS:
Cash equivalents	$	17,012	$	-	$	-	$	17,012
Restricted certificates of deposit	$	4,952	$	-	$	-	$	4,952
Escrow receivable	$	-	$	-	$	930	$	930

The sale of the Company’s railcar repair and maintenance services business on September 30, 2015 resulted in $1,960 of the aggregate purchase price being placed into escrow in order to secure the indemnification obligations of FCRS and FCSL. The fair market value of the remaining escrow receivable above represents the escrow balance of $980 as of each of September 30, 2019 and December 31, 2018, net of the fair value of the indemnification obligations, which was estimated using the discounted probability-weighted cash flow method.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Marketable Securities	9 Months Ended
Marketable Securities	Sep. 30, 2019
Marketable Securities [Abstract]
Marketable Securities	Note 8 – Marketable Securities The Company’s current investment policy is to invest in cash, certificates of deposit, U.S. Treasury securities, U.S. government agency obligations and money market funds invested in U.S. government securities. Marketable securities of $18,019 as of December 31, 2018 consisted of U.S. Treasury securities held to maturity and certificates of deposit with original maturities of greater than 90 days and up to one year. The Company had no marketable securities as of September 30, 2019. Due to the short-term nature of these securities and their low interest rates, there is no material difference between their fair market values and amortized costs.

Inventories

9 Months Ended

Sep. 30, 2019

Inventories [Abstract]

Inventories

Note 9 – Inventories

Inventories, net of reserve for excess and obsolete items, consist of the following:



		September 30,		December 31,
	2019		2018

Work in process	$	50,634	$	60,112
Finished new railcars		-		-
Parts inventory		5,022		4,450
Total inventories, net	$	55,656	$	64,562

Inventory on the Company’s Condensed Consolidated Balance Sheets includes reserves of $5,311 and $6,812 relating to excess or slow-moving inventory for parts and work in process at September 30, 2019 and December 31, 2018, respectively.

Revolving Credit Facilities	9 Months Ended
Revolving Credit Facilities	Sep. 30, 2019
Revolving Credit Facilities [Abstract]
Revolving Credit Facilities	Note 10 – Revolving Credit Facilities BMO Credit Agreement On April 12, 2019, the Company entered into a Credit and Security Agreement (the “BMO Credit Agreement”) by and among the Company and certain of its subsidiaries, as borrowers and guarantors (together with the Company, the “Borrowers”), and BMO Harris Bank N.A., as lender (“BMO”). Pursuant to the BMO Credit Agreement, BMO extended an asset-backed credit facility, in the maximum aggregate principal amount of up to $50,000, consisting of revolving loans and a sub-facility for letters of credit not to exceed the lesser of $10,000 and the amount of the revolving credit facility. The BMO Credit Agreement replaced the Company’s prior revolving credit facility pursuant to a Credit Agreement dated as of July 26, 2013, among the Company and certain of its subsidiaries, as borrowers and guarantors, Bank of America, N.A., as administrative agent, swingline lender and letter of credit issuer, and the lenders party thereto, as amended from time to time, which was terminated effective April 12, 2019 and otherwise would have matured on July 26, 2019. As of December 31, 2018, the Company had no borrowings under its prior revolving credit facility and $4,789 in outstanding letters of credit under such facility. The BMO Credit Agreement has a term ending on April 12, 2024. Revolving loans outstanding thereunder will bear interest, at the Borrowers’ option and subject to the provisions of the BMO Credit Agreement, at Base Rate (as defined in the BMO Credit Agreement) or LIBOR Rate (as defined in the BMO Credit Agreement) plus the Applicable Margin for each such interest rate set forth in the BMO Credit Agreement. The BMO Credit Agreement provides for a revolving credit facility with maximum availability of $42,500, subject to borrowing base requirements set forth in the BMO Credit Agreement. The maximum availability under the BMO Credit Agreement is determined by a formula and may fluctuate depending on the value of the borrowing base included in such formula at the time of determination. The BMO Credit Agreement has both affirmative and negative covenants, including, without limitation, limitations on indebtedness, liens and investments. The BMO Credit Agreement also provides for customary events of default. Borrowings under the BMO Credit Agreement are collateralized by substantially all of the Borrowers’ assets. As of September 30, 2019, the Company had no borrowings under the BMO credit facility. M&T Credit Agreement On April 16, 2019, FreightCar America Leasing 1, LLC, an indirect wholly-owned subsidiary of the Company (“Freightcar Leasing Borrower”), entered into a Credit Agreement (the “M&T Credit Agreement”) with M & T Bank, N.A., as lender (“M&T”). Pursuant to the M&T Credit Agreement, M&T extended a revolving credit facility to Freightcar Leasing Borrower in an aggregate amount of up to $40,000 for the purpose of financing railcars which will be leased to third parties. Freightcar Leasing Borrower also entered into a Security Agreement on April 16, 2019 (the “M&T Security Agreement”) pursuant to which it granted a security interest in all of its assets to M&T to secure its obligations under the M&T Credit Agreement. On April 16, 2019, FreightCar America Leasing, LLC, a wholly-owned subsidiary of the Company and parent of Freightcar Leasing Borrower (“Freightcar Leasing Guarantor”), entered into (i) a Guaranty Agreement (the “M&T Guaranty Agreement”) pursuant to which Freightcar Leasing Guarantor guaranties the repayment and performance of certain obligations of Freightcar Leasing Borrower and (ii) a Pledge Agreement (the “M&T Pledge Agreement”) pursuant to which Freightcar Leasing Guarantor pledged all of the equity of Freightcar Leasing Borrower held by Freightcar Leasing Guarantor. The loans under the M&T Credit Agreement are non-recourse to the assets of the Company or its subsidiaries other than the assets of Freightcar Leasing Borrower and Freightcar Leasing Guarantor. The M&T Credit Agreement has a term ending on April 16, 2021. Loans outstanding thereunder will bear interest, accrued daily, at the Adjusted LIBOR Rate (as defined in the M&T Credit Agreement) or the Adjusted Base Rate (as defined in the M&T Credit Agreement). The M&T Credit Agreement has both affirmative and negative covenants, including, without limitation, maintaining an Interest Coverage Ratio (as defined in the M&T Credit Agreement) of not less than 1.25:1.00, measured quarterly, and limitations on indebtedness, loans, liens and investments. The M&T Credit Agreement also provides for customary events of default. As of September 30, 2019 FreightCar Leasing Borrower had $10,200 in outstanding debt under the M&T Credit Agreement which was collateralized by leased railcars with a carrying value of $16,548. As of September 30, 2019, the interest rate on outstanding debt under the M&T Credit Agreement was 4.14% representing the 90 day LIBOR plus 2.05%.

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 11 – Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) consist of the following:



	Pre-Tax	Tax	After-Tax
Three months ended September 30, 2019
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income (expense))	$ 138	$ -	$ 138
Postretirement liability activity:
Reclassification adjustment for amortization of net gain (pre-tax other income (expense))	(98)	-	(98)
Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense))	4	-	4
	$ 44	$ -	$ 44



	Pre-Tax	Tax	After-Tax
Three months ended September 30, 2018
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income (expense))	$ 112	$ 23	$ 89
Postretirement liability activity:
Reclassification adjustment for amortization of net gain (pre-tax other income (expense))	(70)	(14)	(56)
Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense))	4	1	3
	$ 46	$ 10	$ 36



	Pre-Tax	Tax	After-Tax
Nine months ended September 30, 2019
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income (expense))	$ 412	$ -	$ 412
Postretirement liability activity:
Reclassification adjustment for amortization of net gain (pre-tax other income (expense))	(292)	-	(292)
Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense))	11	-	11
	$ 131	$ -	$ 131



	Pre-Tax	Tax	After-Tax
Nine months ended September 30, 2018
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income (expense))	$ 338	$ 73	$ 265
Postretirement liability activity:
Reclassification adjustment for amortization of net gain (pre-tax other income (expense))	(210)	(45)	(165)
Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense))	12	4	8
	$ 140	$ 32	$ 108

The components of accumulated other comprehensive loss consist of the following:


	September 30,	December 31,
	2019	2018
Unrecognized pension cost, net of tax of $6,282 and $6,282	$ (9,892)	$ (10,304)
Unrecognized postretirement income, net of tax of $527 and $527	1,835	2,116
	$ (8,057)	$ (8,188)

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Sep. 30, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 12 – Stock-Based Compensation Total stock-based compensation was $480 and $760 for the three months ended September 30, 2019 and 2018, respectively, and $754 and $2,511 for the nine months ended September 30, 2019 and 2018, respectively. Stock-based compensation for the nine months ended September 30, 2019 includes the impact of forfeitures of unvested stock awards by executives. As of September 30, 2019, there was $1,748 of unearned compensation expense related to restricted stock awards, which will be recognized over the remaining weighed average service period of 24 months. As of September 30, 2019, there was $122 of unearned compensation related to performance stock options, which will be recognized over the remaining weighted average derived service period of 5 months. As of September 30, 2019, there was $705 of unearned compensation related to time-vested stock options, which will be recognized over the remaining service period of 25 months.

Employee Benefit Plans

9 Months Ended

Sep. 30, 2019

Employee Benefit Plans [Abstract]

Employee Benefit Plans

Note 13 – Employee Benefit Plans

The Company has a qualified, defined benefit pension plan that was established to provide benefits to certain employees. The plan is frozen and participants are no longer accruing benefits. Generally, contributions to the plan are not less than the minimum amounts required under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and not more than the maximum amount that can be deducted for federal income tax purposes. The plan assets are held by an independent trustee and consist primarily of equity and fixed income securities.

The Company also provides certain postretirement health care benefits for certain of its salaried retired employees. Generally, employees may become eligible for health care benefits if they retire after attaining specified age and service requirements. These benefits are subject to deductibles, co-payment provisions and other limitations.

The components of net periodic benefit cost (benefit) for the three and nine months ended September 30, 2019 and 2018, are as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Pension Benefits	2019		2018		2019		2018
Interest cost	$	466	$	428	$	1,398	$	1,283
Expected return on plan assets		(555)		(711)		(1,665)		(2,133)
Amortization of unrecognized net loss		138		112		412		338
	$	49	$	(171)	$	145	$	(512)



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Postretirement Benefit Plan	2019		2018		2019		2018
Service cost	$	5	$	8	$	15	$	24
Interest cost		46		46		136		138
Amortization of prior service cost		4		4		11		12
Amortization of unrecognized net (gain) loss		(98)		(70)		(292)		(210)
	$	(43)	$	(12)	$	(130)	$	(36)

The Company made no contributions to the Company’s defined benefit pension plan for each of the three and nine months ended September 30, 2019 and 2018. The Company expects to make no contributions to its pension plan in 2019.

The Company made contributions to the Company’s postretirement benefit plan for salaried retirees of $156 and $74 for the three months ended September 30, 2019 and 2018, respectively, and $432 and $426 for the nine months ended September 30, 2019 and 2018, respectively. The Company expects to make $576 in contributions (including contributions already made) to its postretirement benefit plan in 2019 for salaried retirees.

The Company also maintains qualified defined contribution plans, which provide benefits to employees based on employee contributions, employee earnings or certain subsidiary earnings, with discretionary contributions allowed. Expenses related to these plans were $331 and $329 for the three months ended September 30, 2019 and 2018, respectively, and $1,075 and $1,216 for the nine months ended September 30, 2019 and 2018, respectively.

Contingencies	9 Months Ended
Contingencies	Sep. 30, 2019
Contingencies [Abstract]
Contingencies	Note 14 – Contingencies The Company is involved in various warranty and repair claims and, in certain cases, related pending and threatened legal proceedings with its customers in the normal course of business. In the opinion of management, the Company’s potential losses in excess of the accrued warranty and legal provisions, if any, are not expected to be material to the Company’s consolidated financial condition, results of operations or cash flows. The Company received cash payments of $15,733 and $1,410 during 2015 and 2017, respectively, for Alabama state and local incentives related to its capital investment and employment levels at its Cherokee, Alabama (“Shoals”) facility. Under the incentive agreements a certain portion of the incentives may be repayable by the Company if targeted levels of employment are not maintained for a period of up to six years from the date of the incentive. In the event that employment levels drop below the minimum targeted levels of employment and any portion of the incentives is required to be paid back, the amount is unlikely to exceed the deferred liability balance of $7,496 as of September 30, 2019. As part of a settlement agreement reached with one of its customers, the Company agreed to pay $7,500 to settle all claims related to a prior year’s commercial dispute. During the three months ended September 30, 2019, the Company paid $3,500 of the settlement amount and the remaining $4,000 will be paid over a period of three years, or on an accelerated basis in the event both parties agree to accelerate delivery of railcars currently in the backlog. In addition to the foregoing, the Company is involved in certain other pending and threatened legal proceedings, including commercial disputes and workers’ compensation and employee matters arising out of the conduct of its business. While the ultimate outcome of these other legal proceedings cannot be determined at this time, it is the opinion of management that the resolution of these other actions will not have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Note 15 – Earnings Per Share

Shares used in the computation of the Company’s basic and diluted earnings per common share are reconciled as follows:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2019	2018	2019	2018

Weighted average common shares outstanding	12,359,478	12,325,718	12,349,670	12,316,497
Dilutive effect of employee stock options and nonvested share awards	-	-	-	-
Weighted average diluted common shares outstanding	12,359,478	12,325,718	12,349,670	12,316,497

Weighted average diluted common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and the assumed vesting of nonvested share awards. For the three months ended September 30, 2019 and 2018, 661,048 and 346,948 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive. For the nine months ended September 30, 2019 and 2018, 665,903 and 351,042 shares, respectively, were not included in the weighted average common shares outstanding as they were anti-dilutive.

Restructuring and Impairment Charges

9 Months Ended

Sep. 30, 2019

Restructuring and Impairment Charges [Abstract]

Restructuring and Impairment Charges

Note 16 – Restructuring and Impairment Charges

Restructuring and Impairment Related to Plant Closure

On July 22, 2019, the Company announced its intention to close its Roanoke, Virginia manufacturing facility as part of its “Back to Basics” strategy. The Company will retain the necessary workforce to complete the remaining contracted work at the facility through the end of November 2019. The cost of the restructuring plan is expected to range between $3,500 and $4,500, excluding the lease termination gain disclosed in Note 17 Subsequent Events, and will be incurred in 2019 and during the first half of 2020. Restructuring and impairment charges related to the plant closure primarily include non-cash impairment charges for property, plant and equipment at the Roanoke facility and employee severance and retention charges.

Goodwill Impairment

The Company assesses the carrying value of goodwill for impairment annually or more frequently whenever events occur and circumstances change indicating potential impairment. On August 1, 2019, the Company performed its annual assessment of its Manufacturing reporting unit, the only reporting unit carrying goodwill. Management determined the fair value of the Manufacturing reporting unit using the income approach, utilizing the discounted cash flow method. Fair value calculations using the income approach contain significant judgments and estimates with respect to a variety of factors that will significantly impact the future performance of the business, including: future railcar volume projections based on expected railcar demand; estimated margins on railcar sales; estimated growth rate for selling, general and administrative costs; future effective tax rate for the Company; and weighted-average cost of capital (“WACC”). Management estimated a WACC of 16% for the Company’s August 1, 2019 goodwill impairment valuation analysis. Based on this analysis, the Company determined that the carrying value of its Manufacturing reporting unit exceeded its fair value by an amount that exceeded the Manufacturing reporting unit goodwill. As a result, the Company recorded a goodwill impairment charge equal to the total goodwill balance of the Manufacturing reporting unit of $21,521 during the three months ended September 30, 2019. As previously disclosed, the new railcar market and the operating environment for our Manufacturing reporting unit continues to be challenging. Our outlook for new railcar demand and usage has accelerated its decline in the second half of the year. In addition, the sustained decline in our stock price as well as a change in our business model and market share decline has resulted in downward revisions of our forecasts of current and future projected earnings and cash flows for the Manufacturing reporting unit.

Restructuring and impairment charges are reported as a separate line item on the Company’s condensed consolidated statements of operations for the three and nine months ended September 30, 2019 and are detailed below:



		Nine Months Ended
		September 30, 2019

Impairment charge for leasehold improvements and equipment		$ 1,380
Employee severance and retention		1,318
Other charges related to facility closure		132
Goodwill impairment		21,521
Total restructuring and impairment charges		$ 24,351

Approximately $1.4 million of employee severance and facility closure costs remained to be paid at September 30, 2019.

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 17 – Subsequent Events On October 1, 2019, Johnstown America, LLC notified the lessor of its Roanoke, Virginia manufacturing facility of its intention to cease operations at the facility as of November 29, 2019. Johnstown America, LLC also informed the lessor of its current intent to terminate its leases for the facility effective as of March 31, 2020. The lease termination will result in 1) a decrease in the lease liability of $12.8 million, 2) a decrease in the right of use asset of $10.3 million and 3) a net lease termination gain of $1.9 million. On October 15, 2019 the Company notified retirees and affected active employees that it will terminate medical benefits offered to retirees of the Company and their dependents effective January 1, 2020. The retiree benefits that are being terminated include medical insurance and vison insurance that were offered under the Company’s Health and Welfare Plan. The benefit termination is expected to result in a gain of approximately $6.3 million which will be recorded in the fourth quarter of 2019.

Basis of Presentation (Policy)	9 Months Ended
Basis of Presentation (Policy)	Sep. 30, 2019
Basis of Presentation [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements include the accounts of FreightCar America, Inc. and subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The foregoing financial information has been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) and rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial reporting. The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the results to be expected for the full year. The accompanying interim financial information is unaudited; however, the Company believes the financial information reflects all adjustments (consisting of items of a normal recurring nature) necessary for a fair presentation of financial position, results of operations and cash flows in conformity with GAAP. The 2018 year-end balance sheet data was derived from the audited financial statements as of December 31, 2018. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted. These interim financial statements should be read in conjunction with the audited financial statements contained in the Company’s annual report on Form 10-K for the year ended December 31, 2018.

Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of Lease Cost


	Three Months Ended September 30, 2019	Nine Months Ended September 30, 2019
Operating lease costs:
Fixed	$ 3,504	$ 10,541
Variable	-	-
Short-term	305	$ 807
Total lease cost	$ 3,810	$ 11,348

Supplemental Balance Sheet Information


Supplemental balance sheet information related to leases were as follows:
	September 30, 2019
Operating leases:
Right of use assets	$ 69,208

Lease liabilities:
Lease liability, current	$ 17,144
Lease liability, long-term	68,804
Total operating lease liabilities	$ 85,948

Supplemental Cash Flow Information


Supplemental cash flow information is as follows:
	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 15,581
Total	$ 15,581

Right of use assets obtained in exchange for new lease obligations:
Operating leases	$ 32,079
Total	$ 32,079

Aggregate Future Operating Lease Payments


The aggregate future lease payments for operating leases as of September 30, 2019 are as follows:
	Operating leases
2019 (Excluding the nine months ended September 30, 2019)	$ 5,393
2020	20,325
2021	20,017
2022	12,869
2023	11,817
Thereafter	27,313
Total lease payments	97,733
Less: interest	(11,785)
Total	$ 85,948


The aggregate future lease payments for operating leases as of December 31, 2018 were as follows:
	Operating leases
2019	$ 20,295
2020	20,595
2021	20,424
2022	4,873
2023	3,820
Thereafter	3,024
Total	$ 73,031

Operating Lease Information


Weighted-average remaining lease term (years)
Operating leases	7.5
Weighted-average discount rate
Operating leases	4.5%

Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2019

Revenue Recognition [Abstract]

Schedule of Revenue Recognition



		Three months ended			Nine months ended
		September 30,			September 30,
		2019		2018		2019		2018

Railcar sales	$	36,343	$	73,540	$	171,460	$	213,788
Parts sales		2,733		3,745		8,592		10,630
Other sales		12		2		42		60
Revenues from contracts with customers		39,088		77,287		180,094		224,478
Leasing revenues		1,563		1,681		4,926		4,206
Total revenues	$	40,651	$	78,968	$	185,020	$	228,684

Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Information [Abstract]

Schedule of Segment Reporting Information, by Segment



	Three months ended		Nine months ended
	September 30,		September 30,
	2019	2018	2019	2018
Revenues:
Manufacturing	$ 37,868	$ 75,162	$ 176,280	$ 217,946
Corporate and Other	2,783	3,806	8,740	10,738
Consolidated Revenues	$ 40,651	$ 78,968	$ 185,020	$ 228,684
Operating Loss:
Manufacturing (1)	$ (30,788)	$ (5,906)	$ (43,444)	$ (8,014)
Corporate and Other	(5,468)	(2,807)	(23,171)	(12,837)
Consolidated Operating Loss	(36,256)	(8,713)	(66,615)	(20,851)
Consolidated interest expense and deferred financing costs	(223)	(26)	(374)	(85)
Consolidated other income (expense)	363	452	765	1,421
Consolidated Loss Before Income Taxes	$ (36,116)	$ (8,287)	$ (66,224)	$ (19,515)
Depreciation and Amortization:
Manufacturing	$ 2,819	$ 2,759	$ 8,922	$ 7,740
Corporate and Other	191	135	565	601
Consolidated Depreciation and Amortization	$ 3,010	$ 2,894	$ 9,487	$ 8,341
Capital Expenditures:
Manufacturing (2)	$ 1,052	$ 564	$ 2,485	$ 789
Corporate and Other	205	64	807	318
Consolidated Capital Expenditures	$ 1,257	$ 628	$ 3,292	$ 1,107

(1) Results for the three and nine months ended September 30, 2019 include restructuring and impairment charges of $23,032 and $24,351, respectively
(2) Excluding assets of $17,169 acquired as part of a business acquisition on February 28, 2018.

Reconciliation of Assets From Segment to Consolidated



	September 30,		December 31,
	2019		2018
Assets:
Manufacturing	$	209,830	$	208,663
Corporate and Other		77,435		79,028
Total Operating Assets		287,265		287,691
Consolidated income taxes receivable		2,022		2,046
Consolidated Assets	$	289,287	$	289,737

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Measurements [Abstract]

Fair Value, Assets Measured on Recurring Basis



Recurring Fair Value Measurements		As of September 30, 2019
		Level 1		Level 2		Level 3		Total
ASSETS:
Cash equivalents	$	4,088	$	-	$	-	$	4,088
Restricted certificates of deposit	$	4,446	$	-	$	-	$	4,446
Escrow receivable	$	-	$	-	$	930	$	930


Recurring Fair Value Measurements		As of December 31, 2018
		Level 1		Level 2		Level 3		Total
ASSETS:
Cash equivalents	$	17,012	$	-	$	-	$	17,012
Restricted certificates of deposit	$	4,952	$	-	$	-	$	4,952
Escrow receivable	$	-	$	-	$	930	$	930

Inventories (Tables)

9 Months Ended

Sep. 30, 2019

Inventories [Abstract]

Schedule of Inventory Current



		September 30,		December 31,
	2019		2018

Work in process	$	50,634	$	60,112
Finished new railcars		-		-
Parts inventory		5,022		4,450
Total inventories, net	$	55,656	$	64,562

Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)



	Pre-Tax	Tax	After-Tax
Three months ended September 30, 2019
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income (expense))	$ 138	$ -	$ 138
Postretirement liability activity:
Reclassification adjustment for amortization of net gain (pre-tax other income (expense))	(98)	-	(98)
Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense))	4	-	4
	$ 44	$ -	$ 44



	Pre-Tax	Tax	After-Tax
Three months ended September 30, 2018
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income (expense))	$ 112	$ 23	$ 89
Postretirement liability activity:
Reclassification adjustment for amortization of net gain (pre-tax other income (expense))	(70)	(14)	(56)
Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense))	4	1	3
	$ 46	$ 10	$ 36



	Pre-Tax	Tax	After-Tax
Nine months ended September 30, 2019
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income (expense))	$ 412	$ -	$ 412
Postretirement liability activity:
Reclassification adjustment for amortization of net gain (pre-tax other income (expense))	(292)	-	(292)
Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense))	11	-	11
	$ 131	$ -	$ 131



	Pre-Tax	Tax	After-Tax
Nine months ended September 30, 2018
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income (expense))	$ 338	$ 73	$ 265
Postretirement liability activity:
Reclassification adjustment for amortization of net gain (pre-tax other income (expense))	(210)	(45)	(165)
Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense))	12	4	8
	$ 140	$ 32	$ 108

Components of Accumulated Other Comprehensive Income (Loss)


	September 30,	December 31,
	2019	2018
Unrecognized pension cost, net of tax of $6,282 and $6,282	$ (9,892)	$ (10,304)
Unrecognized postretirement income, net of tax of $527 and $527	1,835	2,116
	$ (8,057)	$ (8,188)

Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2019

Pension Benefits [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components of Net Periodic Benefit Cost


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Pension Benefits	2019		2018		2019		2018
Interest cost	$	466	$	428	$	1,398	$	1,283
Expected return on plan assets		(555)		(711)		(1,665)		(2,133)
Amortization of unrecognized net loss		138		112		412		338
	$	49	$	(171)	$	145	$	(512)

Postretirement Benefit Plan [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components of Net Periodic Benefit Cost



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Postretirement Benefit Plan	2019		2018		2019		2018
Service cost	$	5	$	8	$	15	$	24
Interest cost		46		46		136		138
Amortization of prior service cost		4		4		11		12
Amortization of unrecognized net (gain) loss		(98)		(70)		(292)		(210)
	$	(43)	$	(12)	$	(130)	$	(36)

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Weighted Average Common Shares Outstanding



	Three Months Ended September 30,		Nine Months Ended September 30,
	2019	2018	2019	2018

Weighted average common shares outstanding	12,359,478	12,325,718	12,349,670	12,316,497
Dilutive effect of employee stock options and nonvested share awards	-	-	-	-
Weighted average diluted common shares outstanding	12,359,478	12,325,718	12,349,670	12,316,497

Restructuring and Impairment Charges (Tables)

9 Months Ended

Sep. 30, 2019

Restructuring and Impairment Charges [Abstract]

Components of Restructuring and Impairment Charges



		Nine Months Ended
		September 30, 2019

Impairment charge for leasehold improvements and equipment		$ 1,380
Employee severance and retention		1,318
Other charges related to facility closure		132
Goodwill impairment		21,521
Total restructuring and impairment charges		$ 24,351

Leases (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2019	Dec. 31, 2018
Leases [Line Items]
Right of use asset		$ 69,208
Operating lease liabilities		$ 85,948
Extension term		5 years
Increase in liability		$ 32,079
Accounting Standards Update 2016-02 [Member]
Leases [Line Items]
Right of use asset			$ 45,727
Operating lease liabilities			$ 67,508
Minimum [Member]
Leases [Line Items]
Lease term		2 years 6 months
Maximum [Member]
Leases [Line Items]
Lease term		8 years
Scenario, Forecast [Member]
Leases [Line Items]
Change in leased area	40.00%

Leases (Components of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Fixed	$ 3,504	$ 10,541
Variable
Short-term	305	807
Total Lease Cost	$ 3,810	$ 11,348

Leases (Supplemental Balance Sheet Information) (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Leases [Abstract]
Right of use asset	$ 69,208
Lease liability, current	17,144
Lease liability, long-term	68,804
Total operating lease liabilities	$ 85,948

Leases (Supplemental Cash Flow Information) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 15,581
Operating leases	$ 32,079

Leases (Aggregate Future Operating Lease Payments) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
2019		$ 20,295
2019 (Excluding the nine months ended September 30, 2019)	$ 5,393
2020	20,325	20,595
2021	20,017	20,424
2022	12,869	4,873
2023	11,817	3,820
Thereafter	27,313	3,024
Total lease payments	97,733	$ 73,031
Less: Interest	(11,785)
Total	$ 85,948

Leases (Operating Lease Information) (Details)	Sep. 30, 2019
Leases [Abstract]
Weighted-average remaining lease term (years)	7 years 6 months
Weighted-average discount rate	4.50%

Revenue Recognition (Details)	Sep. 30, 2019 USD ($)
Revenue Recognition [Abstract]
Contract assets, current	$ 0
Contract assets, noncurrent	0
Performance obligation	$ 104,100,000

Revenue Recognition (Schedule of Revenue Recognition) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 39,088	$ 77,287	$ 180,094	$ 224,478
Leasing revenues	1,563	1,681	4,926	4,206
Total revenues	40,651	78,968	185,020	228,684
Railcar Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	36,343	73,540	171,460	213,788
Parts sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	2,733	3,745	8,592	10,630
Other sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 12	$ 2	$ 42	$ 60

Segment Information (Narrative) (Details)	9 Months Ended
Segment Information (Narrative) (Details)	Sep. 30, 2019 segment
Segment Information [Abstract]
Number of Operating Segments	2
Number of Reportable Segments	1

Segment Information (Schedule of Segment Reporting Information, by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Feb. 28, 2018
Segment Reporting Information [Line Items]
Revenues	$ 40,651	$ 78,968	$ 185,020	$ 228,684
Operating (Loss) Income	(36,256)	(8,713)	(66,615)	(20,851)
Consolidated interest expense and deferred financing costs	(223)	(26)	(374)	(85)
Consolidated other income (expense)	363	452	765	1,421
Loss before income taxes	(36,116)	(8,287)	(66,224)	(19,515)
Depreciation and amortization	3,010	2,894	9,487	8,341
Capital expenditures	1,257	628	3,292	1,107
Restructuring and impairment charges	23,032		24,351
Assets acquired					$ 17,169
Manufacturing [Member]
Segment Reporting Information [Line Items]
Revenues	37,868	75,162	176,280	217,946
Operating (Loss) Income	(30,788)	(5,906)	(43,444)	(8,014)
Depreciation and amortization	2,819	2,759	8,922	7,740
Capital expenditures	1,052	564	2,485	789
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	2,783	3,806	8,740	10,738
Operating (Loss) Income	(5,468)	(2,807)	(23,171)	(12,837)
Depreciation and amortization	191	135	565	601
Capital expenditures	$ 205	$ 64	$ 807	$ 318

Segment Information (Reconciliation of Assets from Segment to Consolidated) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total Operating Assets	$ 287,265	$ 287,691
Consolidated income taxes receivable	2,022	2,046
Total assets	289,287	289,737
Manufacturing [Member]
Segment Reporting Information [Line Items]
Total Operating Assets	209,830	208,663
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total Operating Assets	$ 77,435	$ 79,028

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2015
Fair Value Measurements [Abstract]
Purchase price in escrow	$ 980	$ 980	$ 1,960

Fair Value Measurements (Fair Value, Assets Measured on Recurring Basis) (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 4,088	$ 17,012
Restricted certificates of deposit	4,446	4,952
Escrow receivable	930	930
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	4,088	17,012
Restricted certificates of deposit	4,446	4,952
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Escrow receivable	$ 930	$ 930

Marketable Securities (Details) - USD ($) $ in Thousands	9 Months Ended
Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Marketable securities	$ 0	$ 18,019
Maximum [Member]
Marketable securities, original maturity	1 year
Minimum [Member]
Marketable securities, original maturity	90 days

Inventories (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventories [Abstract]
Inventory valuation reserves	$ 5,311	$ 6,812

Inventories (Schedule of Inventory Current) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventories [Abstract]
Work in process	$ 50,634	$ 60,112
Finished new railcars
Parts inventory	5,022	4,450
Total inventories, net	$ 55,656	$ 64,562

Revolving Credit Facilities (Details)		9 Months Ended
Revolving Credit Facilities (Details)	Apr. 16, 2019 USD ($) item	Sep. 30, 2019 USD ($)	Apr. 12, 2019 USD ($)	Dec. 31, 2018 USD ($)
Bank of America, N.A. [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Expiration Date		Jul. 26, 2019
Outstanding borrowings				$ 0
Bank of America, N.A. [Member] \| Letter of Credit [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings				$ 4,789,000
BMO Harris Bank [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Expiration Date		Apr. 12, 2024
Outstanding borrowings		$ 0
Aggregate principal amount			$ 50,000,000
Maximum borrowing capacity			42,500,000
BMO Harris Bank [Member] \| Revolving Sub-Credit Facility [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount			$ 10,000,000
M & T Bank [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Expiration Date		Apr. 16, 2021
Outstanding borrowings		$ 10,200,000
Collateral carrying value		$ 16,548,000
Aggregate principal amount	$ 40,000,000
Interest coverage ratio \| item	1.25
Interest rate		4.14%
M & T Bank [Member] \| Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.05%

Accumulated Other Comprehensive Income (Loss) (Schedule of Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - Reclassification out of Accumulated Other Comprehensive Income [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	$ 44	$ 46	$ 131	$ 140
Tax		10		32
After-Tax	44	36	131	108
Accumulated Defined Benefit Plans Adjustment, Actuarial Gain (Loss) Attributable to Parent [Member] \| Pension Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	138	112	412	338
Tax		23		73
After-Tax	138	89	412	265
Accumulated Defined Benefit Plans Adjustment, Actuarial Gain (Loss) Attributable to Parent [Member] \| Postretirement Benefit Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	(98)	(70)	(292)	(210)
Tax		(14)		(45)
After-Tax	(98)	(56)	(292)	(165)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] \| Postretirement Benefit Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	4	4	11	12
Tax		1		4
After-Tax	$ 4	$ 3	$ 11	$ 8

Accumulated Other Comprehensive Income (Loss) (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax	$ (8,057)	$ (8,188)
Pension Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, tax	6,282	6,282
Pension Benefits [Member] \| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax	(9,892)	(10,304)
Postretirement Benefit Plan [Member] \| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax	1,835	2,116
Accumulated other comprehensive loss, tax	$ 527	$ 527

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Stock-Based Compensation (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 480	$ 760	$ 754	$ 2,511
Unearned compensation	1,748		1,748
Performance Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned compensation related to options	122		$ 122
Remaining service period			5 months
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining requisite service period			24 months
Time-Vested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned compensation related to options	$ 705		$ 705
Remaining service period			25 months

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plan expense recognized	$ 331	$ 329	$ 1,075	$ 1,216
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected total contributions for current fiscal year	0		0
Employer contributions		0	0	0
Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions	156	$ 74	432	$ 426
Postretirement Benefit Plan [Member] \| Salaried Retirees [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected total contributions for current fiscal year	$ 576		$ 576

Employee Benefit Plans (Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 466	$ 428	$ 1,398	$ 1,283
Expected return on plan assets	(555)	(711)	(1,665)	(2,133)
Amortization of unrecognized net (gain) loss	138	112	412	338
Total net periodic benefit cost	49	(171)	145	(512)
Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	5	8	15	24
Interest cost	46	46	136	138
Amortization of prior service cost	4	4	11	12
Amortization of unrecognized net (gain) loss	(98)	(70)	(292)	(210)
Total net periodic benefit cost	$ (43)	$ (12)	$ (130)	$ (36)

Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended		36 Months Ended
Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2017	Dec. 31, 2015	Sep. 30, 2022
State and local incentives received			$ 1,410	$ 15,733
Deferred liability balance	$ 7,496	$ 7,496
Contingency losses	7,500	$ 7,500
Settlement payments	$ 3,500
Maximum [Member]
Incentive term		6 years
Scenario, Forecast [Member]
Settlement payments					$ 4

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
Earnings Per Share (Narrative) (Details) - shares	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Anti-dilutive common shares excluded from computation of earnings per share amount	661,048	346,948	665,903	351,042

Earnings Per Share (Weighted Average Common Shares Outstanding) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Weighted average common shares outstanding (shares)	12,359,478	12,325,718	12,349,670	12,316,497
Dilutive effect of employee stock options and nonvested share awards (shares)
Weighted average diluted common shares outstanding (shares)	12,359,478	12,325,718	12,349,670	12,316,497

Restructuring and Impairment Charges (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Aug. 01, 2019	Jul. 22, 2019
Restructuring Cost and Reserve [Line Items]
Goodwill impairment	$ 21,521	$ 21,521
Employee severance and facility closure costs	$ 1,400	$ 1,400
Weighted-average cost of capital			16.00%
Maximum [Member] \| Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Cost estimate for implementing program				$ 4,500
Minimum [Member] \| Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Cost estimate for implementing program				$ 3,500

Restructuring and Impairment Charges (Components of Restructuring and Impairment Charges) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Restructuring and Impairment Charges [Abstract]
Impairment charge for leasehold improvements and equipment		$ 1,380
Employee severance and retention		1,318
Other charges related to facility closure		132
Goodwill impairment	$ 21,521	21,521
Total restructuring and impairment charges	$ 23,032	$ 24,351

Subsequent Events (Details) - Scenario, Forecast [Member] $ in Millions	3 Months Ended
	Dec. 31, 2019 USD ($)
Subsequent Event [Line Items]
Decrease in lease liability	$ 12.8
Decrease in right of use asset	10.3
Lease termination gain	1.9
Gain on benefit termination	$ 6.3