Accounts Receivable

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Accounts Receivable

Accounts Receivable

Accounts receivable as of December 31, 2019 and 2018 are summarized as follows:

	December 31,
	2019		2018
Accounts receivable	$	79,675	$	87,055
Allowance for doubtful accounts	(1,100)		(932)
Accounts receivable - net	$	78,575	$	86,123

Changes in reserves for uncollectible accounts are recorded as part of “Selling and administrative expenses” in the Consolidated Statements of Operations, and were income of $48 and $1,443 for the years ended December 31, 2019 and 2018, respectively.

The Company’s customers are principally in the transportation and energy infrastructure sectors. As of December 31, 2019 and 2018, trade receivables, net of allowance for doubtful accounts, from customers were as follows:

	December 31,
	2019		2018
Rail Products and Services	$	44,941	$	43,180
Construction Products	19,301		19,998
Tubular and Energy Services	14,205		19,121
Trade accounts receivable - net	$	78,447	$	82,299

Credit is extended based upon an evaluation of the customer’s financial condition and, while collateral is not required, the Company periodically receives surety bonds that guarantee payment. Credit terms are consistent with industry standards and practices.