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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

Year Ended

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Revenues:

 

 

 

 

 

 

Manufacturing

 

$

345,866

 

 

$

352,827

 

Corporate and Other

 

 

12,227

 

 

 

11,927

 

Consolidated revenues

 

$

358,093

 

 

$

364,754

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

Manufacturing (1)

 

$

31,554

 

 

$

14,801

 

Corporate and Other (2)

 

 

(21,062

)

 

 

(29,825

)

Consolidated operating income (loss)

 

 

10,492

 

 

 

(15,024

)

Consolidated interest expense

 

 

(15,031

)

 

 

(25,423

)

(Loss) gain on change in fair market value of Warrant liability

 

 

(2,229

)

 

 

1,486

 

Loss on extinguishment of debt

 

 

(14,880

)

 

 

-

 

Consolidated other (expense) income

 

 

(440

)

 

 

2,426

 

Consolidated income (loss) before income taxes

 

$

(22,088

)

 

$

(36,535

)

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

Manufacturing

 

$

4,026

 

 

$

3,491

 

Corporate and Other

 

 

580

 

 

 

644

 

Consolidated depreciation and amortization

 

$

4,606

 

 

$

4,135

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

 

Manufacturing

 

$

12,536

 

 

$

7,327

 

Corporate and Other

 

 

186

 

 

 

489

 

Consolidated capital expenditures

 

$

12,722

 

 

$

7,816

 

 

(1) Results for the year ended December 31, 2023 include an impairment on leased railcars of $4,091 and a gain on sale of railcars available for lease of $622. Results for the year ended December 31, 2022 include an impairment on leased railcars of $4,515 and no gain on sale of railcars available for lease.

(2) Results for the year ended December 31, 2023 include a pension settlement loss of $313. Results for the year ended December 31, 2022 include a pension settlement loss of $8,105.

Reconciliation of Assets From Segment to Consolidated

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Assets:

 

 

 

 

 

 

Manufacturing

 

$

207,093

 

 

$

149,014

 

Corporate and Other

 

 

51,158

 

 

 

50,631

 

Total operating assets

 

 

258,251

 

 

 

199,645

 

Consolidated income taxes receivable

 

 

1,208

 

 

 

93

 

Consolidated assets

 

$

259,459

 

 

$

199,738

 

Geographic Information

Geographic Information

 

 

 

Revenues

 

 

Long Lived Assets(a)

 

 

 

Year Ended

 

 

 

 

 

 

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

United States

 

$

358,093

 

 

$

364,740

 

 

$

7,377

 

 

$

15,018

 

Mexico

 

 

-

 

 

 

14

 

 

 

69,826

 

 

 

54,243

 

Total

 

$

358,093

 

 

$

364,754

 

 

$

77,203

 

 

$

69,261

 

 

(a) Long lived assets include property plant and equipment, net, railcars available for lease, and right-of-use (ROU) assets.