FreightCar America (RAIL) 10-Q 7 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 02, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001320854
Securities Act File Number	000-51237
Entity Registrant Name	FREIGHTCAR AMERICA, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	25-1837219
Entity Address, Address Line One	125 South Wacker Drive
Entity Address, Address Line Two	Suite 1500
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
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	RAIL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,902,660

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash, cash equivalents and restricted cash equivalents	$ 11,999	$ 37,912
Accounts receivable, net of allowance for doubtful accounts of $179 and $126 respectively	21,493	9,571
VAT receivable	1,421	4,682
Inventories, net	88,769	64,317
Assets held for sale	0	3,675
Related party asset	1,308	3,261
Prepaid expenses	15,650	5,470
Total current assets	140,640	128,888
Property, plant and equipment, net	26,624	23,248
Railcars available for lease, net	7,070	11,324
Right of use asset operating lease	1,221	1,596
Right of use asset finance lease	32,160	33,093
Other long-term assets	529	1,589
Total assets	208,244	199,738
Current liabilities
Accounts and contractual payables	41,778	48,449
Related party accounts payables	1,213	3,393
Accrued payroll and other employee costs	3,641	4,081
Accrued warranty	1,632	1,940
Customer deposits	19,644	0
Current portion of long-term debt	22,293	40,742
Other current liabilities	6,684	7,380
Total current liabilities	96,885	105,985
Long-term debt, net of current portion	0	51,494
Warrant liability	40,714	31,028
Accrued pension costs	1,176	1,040
Lease liability operating lease, long-term	1,694	1,780
Lease liability finance lease, long-term	32,913	33,245
Other long-term liabilities	563	3,750
Total liabilities	173,945	228,322
Commitments and contingencies
Series C Preferred stock, $0.01 par value, 85,412 shares authorized, 85,412 and 0 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively. Liquidation value $87,023,723 and $0 at June 30, 2023 and December 31, 2022, respectively.	83,253	0
Equity [Abstract]
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 June 30, 2023 and December 31, 2022)	0	0
Common stock, $0.01 par value, 50,000,000 shares authorized, 17,899,191 and 17,223,306 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	210	203
Additional paid in capital	92,633	89,104
Accumulated other comprehensive loss	1,099	1,022
Accumulated deficit	(142,896)	(118,913)
Total stockholders' deficit	(48,954)	(28,584)
Total liabilities, mezzanine equity and stockholders' equity	$ 208,244	$ 199,738

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Allowance for doubtful accounts	$ 179	$ 126
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	17,899,191	17,223,306
Common stock, shares outstanding	17,899,191	17,223,306
Series A Preferred Stock [Member]
Preferred stock, shares authorized	100,000	100,000
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
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	85,412	85,412
Preferred stock, shares issued	85,412	0
Preferred stock, shares outstanding	85,412	0
Liquidation value	$ 87,023,723	$ 0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenues	$ 88,596	$ 56,786	$ 169,595	$ 150,022
Cost of Revenue	75,641	50,197	149,155	133,375
Gross profit	12,955	6,589	20,440	16,647
Selling, general and administrative expenses	5,851	4,053	12,239	14,766
Gain on sale of railcars available for lease	622	0	622	0
Operating income	7,726	2,536	8,823	1,881
Interest expense	(4,351)	(5,757)	(10,951)	(11,462)
(Loss) gain on change in fair market value of Warrant liability	(6,755)	18,746	(6,142)	(1,984)
Loss on extinguishment of debt	(14,880)	0	(14,880)	0
Other (expense) income	(69)	661	(105)	2,157
(Loss) income before income taxes	(18,329)	16,186	(23,255)	(9,408)
Income tax provision	560	1,647	671	1,900
Net (loss) income	$ (18,889)	$ 14,539	$ (23,926)	$ (11,308)
Net (loss) income per common share - basic	$ (0.73)	$ 0.58	$ (0.93)	$ (0.47)
Net (loss) income per common share - diluted	$ (0.73)	$ 0.58	$ (0.93)	$ (0.47)
Weighted average common shares outstanding - basic	28,113,825	24,499,784	27,552,297	23,994,327
Weighted average common shares outstanding - diluted	28,113,825	24,499,784	27,552,297	23,994,327

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (18,889)	$ 14,539	$ (23,926)	$ (11,308)
Other comprehensive income net of tax:
Pension and postretirement liability adjustments, net of tax	36	83	77	167
Comprehensive income (loss)	$ (18,853)	$ 14,622	$ (23,849)	$ (11,141)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Mezzanine Equity and Stockholders' Deficit (Unaudited) - USD ($) $ in Thousands	Total	Series C Preferred Stock [Member]	Common Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Additional Paid In Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained (Deficit) [Member]	Retained (Deficit) [Member] Series C Preferred Stock [Member]
Balance at Dec. 31, 2021	$ (1,656)		$ 190		$ 83,742	$ (5,522)	$ (80,066)
Balance (Shares) at Dec. 31, 2021			15,947,228
Net loss	(11,308)						(11,308)
Other comprehensive income	167					167
Issuance of Series C preferred shares, net of issuance costs	0
Restricted stock awards			$ 4		(4)
Restricted stock awards, shares			357,400
Employee stock settlement	(13)				(13)
Employee stock settlement, shares			(3,438)
Forfeiture of restricted stock awards	(7)		$ (1)		(6)
Forfeiture of restricted stock awards, shares			(71,394)
Stock-based compensation recognized	666				666
Equity fees	2,000		$ 5		1,995
Equity fees, shares			471,054
Balance at Jun. 30, 2022	(10,151)		$ 198		86,380	5,355	(91,374)
Balance (Shares) at Jun. 30, 2022			16,700,850
Balance at Mar. 31, 2022	(26,028)		$ 196		85,127	(5,438)	(105,913)
Balance (Shares) at Mar. 31, 2022			16,525,266
Net loss	14,539						14,539
Other comprehensive income	83					83
Restricted stock awards			$ 1		(1)
Restricted stock awards, shares			60,543
Forfeiture of restricted stock awards	(7)		$ (1)		(6)
Forfeiture of restricted stock awards, shares			(70,894)
Stock-based compensation recognized	262				262
Equity fees	1,000		$ 2		998
Equity fees, shares			185,935
Balance at Jun. 30, 2022	(10,151)		$ 198		86,380	5,355	(91,374)
Balance (Shares) at Jun. 30, 2022			16,700,850
Preferred stock, shares issued		0
Balance at Dec. 31, 2022	$ (28,584)		$ 203		89,104	1,022	(118,913)
Balance (Shares) at Dec. 31, 2022	17,223,306		17,223,306
Net loss	$ (23,926)						(23,926)
Other comprehensive income	77					77
Issuance of Series C preferred shares, net of issuance costs	13,339	$ (57)		$ 83,253				$ (57)
Issuance of Series C preferred shares, net of issuance costs (Shares)				85,412
Restricted stock awards			$ 4		(4)
Restricted stock awards, shares			453,258
Employee stock settlement	(106)				(106)
Employee stock settlement, shares			(31,888)
Stock appreciation rights classification modification	1,738				1,738
Vesting of Restricted Stock Units	145				145
Vesting of restricted stock units, shares			42,815
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period			738
Exercise of stock appreciation rights, shares			738
Stock-based compensation recognized	1,074				1,074
Equity fees	685		$ 3		682
Equity fees, shares			210,962
Balance at Jun. 30, 2023	$ (48,954)		$ 210	$ 83,253	92,633	1,099	(142,896)
Balance (Shares) at Jun. 30, 2023	17,899,191		17,899,191	85,412
Balance at Mar. 31, 2023	$ (32,514)		$ 208		90,165	1,063	(123,950)
Balance (Shares) at Mar. 31, 2023			17,702,459
Net loss	(18,889)						(18,889)
Other comprehensive income	36					36
Issuance of Series C preferred shares, net of issuance costs		$ (57)		$ 83,253				$ (57)
Issuance of Series C preferred shares, net of issuance costs (Shares)				85,412
Restricted stock awards			$ 1		(1)
Restricted stock awards, shares			143,910
Stock appreciation rights classification modification	1,738				1,738
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period			738
Exercise of stock appreciation rights, shares			738
Stock-based compensation recognized	582				582
Equity fees	150		$ 1		149
Equity fees, shares			52,084
Balance at Jun. 30, 2023	$ (48,954)		$ 210	$ 83,253	$ 92,633	$ 1,099	$ (142,896)
Balance (Shares) at Jun. 30, 2023	17,899,191		17,899,191	85,412
Preferred stock, shares issued		85,412

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net loss	$ (23,926)	$ (11,308)
Adjustments to reconcile net loss to net cash flows used in operating activities:
Depreciation and amortization	2,105	2,060
Non cash lease expense on right of use of Asset	1,307	636
Recognition of deferred income from state and local incentives	0	(2,507)
Loss on change in fair market value for warrant liability	6,142	1,984
Stock-based compensation recognized	(191)	1,490
Non-cash interest expense	7,593	7,472
Loss on extinguishment of debt	14,880	0
Other non-cash items, net	(472)	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(11,922)	(13,917)
VAT receivable	2,963	16,940
Inventories	(25,110)	(16,926)
Accounts and contractual payables	(6,050)	3,525
Lease liability	(1,991)	(954)
Customer deposits	19,644	15,406
Other assets and liabilities	(10,548)	(6,297)
Net cash flows used in operating activities	(25,576)	(2,396)
Cash flows from investing activities
Purchase of property, plant and equipment	(4,954)	(2,808)
Proceeds from sale of property, plant and equipment and railcars available for lease, net of selling costs	8,356	0
Net cash flows provided by (used in) investing activities	3,402	(2,808)
Cash flows from financing activities
Proceeds from issuance of preferred shares, net of issuance costs	13,339	0
Borrowings on revolving line of credit	89,223	49,282
Repayments on revolving line of credit	(105,882)	(48,770)
Employee stock settlement	(106)	(13)
Payment for stock appreciation rights exercised	(6)	(4)
Financing lease payments	(307)	0
Net cash flows (used in) provided by financing activities	(3,739)	495
Net decrease in cash and cash equivalents	(25,913)	(4,709)
Cash, cash equivalents and restricted cash equivalents at beginning of period	37,912	26,240
Cash, cash equivalents and restricted cash equivalents at end of period	11,999	21,531
Supplemental cash flow information
Interest paid	3,319	3,990
Income taxes paid	1,516	839
Non-cash transactions
Change in unpaid construction in process	332	(8)
Accrued PIK interest paid through issuance of PIK Note	3,161	722
Issuance of preferred shares in exchange of term loan	72,607	0
Issuance of Warrants	3,010	8,560
Issuance of equity fee	$ 685	$ 2,000

Description of the Business

Description of the Business	6 Months Ended
	Jun. 30, 2023
Description of the Business [Abstract]
Description of the Business	Note 1 – Description of the Business FreightCar America, Inc. (“FreightCar” or the “Company”), operating primarily in North America through its direct and indirect subsidiaries, is a leading designer, producer and supplier of railroad freight cars including coal cars, bulk commodity cars, covered hopper cars, intermodal and non-intermodal flat cars, mill gondola cars, coil steel cars and boxcars, as well as railcar parts and components. The Company also specializes in railcar repairs, complete railcar rebody services and railcar conversions that repurpose idled rail assets back into revenue service. The Company is headquartered in Chicago, Illinois, with facilities in Johnstown, Pennsylvania; Shanghai, People’s Republic of China; and Castaños, Coahuila, Mexico (the “Castaños Facility”).

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 2 – Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of FreightCar America, Inc. and its 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 six months ended June 30, 2023 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 2022 year-end balance sheet data was derived from the audited financial statements as of December 31, 2022. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted. Certain prior year amounts have been reclassified, where necessary, to conform to the current year presentation. 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, 2022 .

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 3 – Revenue Recognition The following table disaggregates the Company’s revenues by major source: Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Railcar sales $ 85,349 $ 52,764 $ 162,345 $ 142,072 Parts sales 2,873 3,193 6,273 6,304 Revenues from contracts with customers 88,222 55,957 168,618 148,376 Leasing revenues 374 829 977 1,646 Total revenues $ 88,596 $ 56,786 $ 169,595 $ 150,022 Contract Balances and Accounts Receivable Accounts receivable payments for railcar sales are typically due within 5 to 10 business days of invoicing, while payments from parts sales are typically due within 30 to 45 business days of invoicing. The Company has not experienced significant historical credit losses. 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 had no contract assets a s of June 30, 2023 and December 31, 2022. 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 Consolidated Balance Sheet based on the timing of when the Company expects to recognize the related revenue. Deferred revenue and customer deposits are included in customer deposits, other current liabilities and other long-term liabilities in the Company’s Condensed Consolidated Balance Sheet and were $ 22,048 and $ 219 as of June 30, 2023 and December 31, 2022, respectively. 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 ASU 2014-09, Revenue from Contracts with Customers. The Company had remaining unsatisfied performance obligations as of June 30, 2023 with expected duration of greater than one year of $ 14,850 .

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Note 4 – Segment Information The Company’s operations consist of two operating segments, Manufacturing and Parts, and one reportable segment, Manufacturing. The Company’s Manufacturing segment includes new railcar manufacturing, railcar leasing and major railcar conversions and 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 internal 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 Six Months Ended June 30, June 30, 2023 2022 2023 2022 Revenues: Manufacturing $ 85,724 $ 53,606 $ 163,323 $ 143,731 Corporate and Other 2,872 3,180 6,272 6,291 Consolidated revenues $ 88,596 $ 56,786 $ 169,595 $ 150,022 Operating income: Manufacturing $ 11,769 $ 4,900 $ 17,397 $ 13,416 Corporate and Other ( 4,043 ) ( 2,364 ) ( 8,574 ) ( 11,535 ) Consolidated operating income 7,726 2,536 8,823 1,881 Consolidated interest expense ( 4,351 ) ( 5,757 ) ( 10,951 ) ( 11,462 ) Gain (loss) on change in fair market value of Warrant liability ( 6,755 ) 18,746 ( 6,142 ) ( 1,984 ) Loss on extinguishment of debt ( 14,880 ) - ( 14,880 ) - Consolidated other (expense) income ( 69 ) 661 ( 105 ) 2,157 Consolidated loss (income) before income taxes $ ( 18,329 ) $ 16,186 $ ( 23,255 ) $ ( 9,408 ) Depreciation and amortization: Manufacturing $ 891 $ 869 $ 1,823 $ 1,736 Corporate and Other 142 167 282 324 Consolidated depreciation and amortization $ 1,033 $ 1,036 $ 2,105 $ 2,060 Capital expenditures: Manufacturing $ 2,947 $ 1,482 $ 4,826 $ 2,442 Corporate and Other 47 366 128 366 Consolidated capital expenditures $ 2,994 $ 1,848 $ 4,954 $ 2,808 June 30, December 31, 2023 2022 Assets: Manufacturing $ 184,389 $ 149,014 Corporate and Other 23,772 50,631 Total operating assets 208,161 199,645 Consolidated income taxes receivable 83 93 Consolidated assets $ 208,244 $ 199,738 Geographic Information Revenues Long Lived Assets(a) Three Months Ended Six Months Ended June 30, June 30, June 30, December 31, 2023 2022 2023 2022 2023 2022 United States $ 88,596 $ 56,772 $ 169,595 $ 150,008 $ 10,240 $ 15,018 Mexico - 14 - 14 56,835 54,243 Total $ 88,596 $ 56,786 $ 169,595 $ 150,022 $ 67,075 $ 69,261 (a) Long lived assets include property plant and equipment, net, railcars available for lease, and right-of-use (ROU) assets.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 5 – 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 June 30, 2023 Level 1 Level 2 Level 3 Total Liabilities: Warrant liability $ - $ 40,714 $ - $ 40,714 Recurring Fair Value Measurements As of December 31, 2022 Level 1 Level 2 Level 3 Total Liabilities: Warrant liability $ - $ 31,028 $ - $ 31,028 Non-recurring Fair Value Measurements During the Year Ended December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Railcars available for lease, net $ - $ 4,116 $ - $ 4,116 Assets held for sale $ - $ 3,675 $ - $ 3,675 The fair value of the Company’s Warrant liability recorded in the Company’s financial statements, determined using the quoted price of the Company’s common stock, par value $ 0.01 per share (the “Common Stock”), in an active market, exercise prices of $ 0.01 per share and $ 3.57 per share, and number of shares for which warrants are exercisable at June 30, 2023 and December 31, 2022, is a Level 2 measurement. The fair value of the Company's fleet of small cube covered hopper railcars determined using a market approach, using the known selling prices for a portion of the cars, and a weighted average selling price for the remaining cars in the asset group at December 31, 2022, is a Level 2 measurement. The portion of these assets intended to be sold were classified as assets held for sale and were no longer depreciated. These assets were sold during the three months ended June 30, 2023 .

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 30, 2023
Restricted Cash [Abstract]
Restricted Cash	Note 6 – Restricted Cash The Company establishes restricted cash balances when required by customer contracts and to collateralize standby letters of credit. The carrying value of restricted cash approximates fair value. The Company’s restricted cash balances are as follows: June 30, December 31, 2023 2022 Restricted cash from customer deposit $ 282 $ 282 Restricted cash to collateralize standby letters of credit 103 103 Restricted cash equivalents to collateralize standby letters of credit 3,542 3,542 Restricted cash equivalents - other 266 151 Total restricted cash and restricted cash equivalents $ 4,193 $ 4,078

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Note 7 – Inventories Inventories, net of reserve for excess and obsolete items, consist of the following: June 30, December 31, 2023 2022 Raw materials $ 75,371 $ 46,421 Work in process 4,209 4,527 Finished railcars 4,517 8,783 Parts inventory 4,672 4,586 Total inventories, net $ 88,769 $ 64,317 Inventory on the Company’s Condensed Consolidated Balance Sheets includes reserves of $ 1,995 and $ 1,672 relating to excess or slow-moving inventory for parts and work in process at June 30, 2023 and December 31, 2022 , respectively.

Debt Financing and Revolving Cr

Debt Financing and Revolving Credit Facilities	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt Financing and Revolving Credit Facilities	Note 8 – Debt Financing and Revolving Credit Facilities Long-term debt consists of the following as of June 30, 2023 and December 31, 2022: June 30, December 31, 2023 2022 M&T Credit Agreement outstanding $ - $ 6,917 Siena Loan Agreement outstanding 22,293 33,825 Credit Agreement outstanding - 58,745 Total debt 22,293 99,487 Less Credit Agreement discount - ( 5,262 ) Less Credit Agreement deferred financing costs - ( 1,989 ) Total debt, net of discount and deferred financing costs 22,293 92,236 Less amounts due within one year ( 22,293 ) ( 40,742 ) Long-term debt, net of current portion $ - $ 51,494 The fair value of the remaining debt approximates its carrying value as of June 30, 2023 and December 31, 2022. Credit Agreement In October 2020, the Company entered into a $ 40,000 Credit Agreement (as amended from time to time, the “Credit Agreement”) by and among the Company, as guarantor, FreightCar North America, LLC (“Borrower” and together with the Company and certain other subsidiary guarantors, collectively, the “Loan Parties”), CO Finance LVS VI LLC, as lender (the “Lender”), and U.S. Bank National Association, as disbursing agent and collateral agent (“Agent”). The $ 40,000 term loan under the Credit Agreement closed and was funded on November 24, 2020 (the “Closing Date”). The Company incurred $ 2,872 in deferred financing costs that are presented as a reduction of the long-term debt balance and amortized to interest expense over the term of the Credit Agreement. The term loan outstanding under the Credit Agreement bears interest, at Borrower’s option and subject to the provisions of the Credit Agreement, at Base Rate (as defined in the Credit Agreement) or Eurodollar Rate (as defined in the Credit Agreement) plus the Applicable Margin (as defined in the Credit Agreement) for each such interest rate set forth in the Credit Agreement. In May 2021, the Loan Parties entered into an Amendment No. 2 to the Credit Agreement (the “Second Amendment”) with Lender and the Agent, pursuant to which the principal amount of the Credit Agreement was increased by $ 16,000 to a total of $ 56,000 (the “Additional Loan”). The Additional Loan closed and was funded on May 17, 2021. The Company incurred $ 480 in deferred financing costs related to the Second Amendment which are presented as a reduction of the long-term debt balance and amortized on a straight-line basis to interest expense over the term of the Second Amendment. Pursuant to the Second Amendment, in the event that the Additional Loan was not repaid in full by March 31, 2022, the Company was to issue to the Lender and/or a Lender affiliate, a warrant (the “2022 Warrant”) to purchase a number of shares of Common Stock equal to 5 % of the Company’s outstanding Common Stock on a fully-diluted basis at the time the 2022 Warrant is exercised. The Company believed it was probable that the 2022 Warrant would be issued and recorded an additional Warrant liability of $ 7,351 during the third quarter of 202 1. The 2022 Warrant was issued on April 4, 2022 with an exercise price of $ 0.01 and a term of ten ( 10 ) years. As of June 30, 2023 and December 31, 2022, the 2022 Warrant was exercisable for an aggregate of 1,893,744 and 1,473,726 shares of Common Stock, respectively with a per share exercise price of $ 0.01 . Pursuant to the Second Amendment, the Company was required to, among other things, i) obtain a term sheet for additional financing of no less than $ 15,000 by July 31, 2021 and ii) file a registration statement on Form S-3 registering Company securities by no later than August 31, 2021. The Company has met each of the aforementioned obligations. The form S-3 registering Company securities was filed with the Securities and Exchange Commission on August 27, 2021 and became effective on September 9, 2021. In July 2021, the Loan Parties entered into an Amendment No. 3 to Credit Agreement (the “Third Amendment”) with the Lender and the Agent, pursuant to which, among other things, Lender obtained a standby letter of credit (as may be amended from time to time, the “Third Amendment Letter of Credit”) from Wells Fargo Bank, N.A., in the principal amount of $ 25,000 for the account of the Company and for the benefit of the Revolving Loan Lender (as defined below). In December 2021, the Loan Parties entered into an Amendment No. 4 to Credit Agreement (the “Fourth Amendment”) with the Lender and the Agent, pursuant to which the principal amount of the term loan credit facility was increased by $ 15,000 to a total of $ 71,000 , with such additional $ 15,000 (the “Delayed Draw Loan”) to be funded, at the Borrower’s option, upon the satisfaction of certain conditions precedent set forth in the Fourth Amendment. The Borrower had the option to draw on the Delayed Draw Loan through January 31, 2023. The Delayed Draw Loan, if funded, would bear the same interest rate as the original term loan. In January 2023, the Company, certain other subsidiary guarantors of the Company, CO Finance LVS VI LLC and OC III LFE II LP (collectively, the “Loan Parties”) entered into Amendment No. 6 to Credit Agreement (the “Sixth Amendment”), with respect to the Credit Agreement. The Sixth Amendment amends the Credit Agreement to extend the date for the Company to draw on the Delayed Draw Loan of $ 15,000 from January 31, 2023 to March 3, 2023. In February 2023, the Loan Parties entered into Amendment No. 7 to Credit Agreement (the “Seventh Amendment”), with respect to the Credit Agreement. The Seventh Amendment amends the Credit Agreement to extend the date for the Company to draw on the Delayed Draw Loan of $ 15,000 from March 3, 2023 to April 3, 2023 (“Delayed Draw Extension Deadline”). The Delayed Draw Loan expired as the Company did not draw on the Delayed Draw Loan by April 3, 2023. In March 2023 prior to the Delayed Draw Extension Deadline, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) by and among the Company and OC III LFE II LP (the “Purchaser”) pursuant to which the Company issued 85,412 shares upon Closing of new non-convertible Series C Preferred Stock of the Company, par value $ 0.01 (the “Series C Preferred Stock”) at an initial stated value of $ 1,000 per share. Upon closing of the transactions contemplated by the Purchase Agreement on May 22, 2023 (the “Closing”), the Purchaser received a detached warrant to purchase 1,636,313 shares of Common Stock of the Company, for an exercise price equal to $ 3.57 (the “2023 Warrant”). See Note 9 - Mezzanine Equity and 2023 Warrant. In March 2023, contemporaneous with the execution of the Purchase Agreement and the First Amendment to Amended and Restated Reimbursement Agreement (as defined below), the Loan Parties, the Purchaser, and the designated disbursing and collateral agent (the “Agent”) entered into Amendment No. 8 to Credit Agreement (the “Eighth Amendment”), with respect to the Credit Agreement. The Eighth Amendment amends the Credit Agreement to provide the Company the option to pay all interest during the period between signing of the Purchase Agreement and the Closing (the “Pre-Closing Period”) in kind. Upon Closing, the Company settled $ 60,178 in-full all of the principal amount of the outstanding Term Loan Credit Agreement, together with all $ 1,727 accrued unpaid interest, fees, penalties, and other obligations under the Term Loan Credit Agreement through the issuance of the Series C Preferred Stock, resulting in a loss on extinguishment of $ 17,772 . Any excess proceeds are to be used for general corporate purposes. Reimbursement Agreement Pursuant to the Third Amendment, on July 30, 2021, the Company, the Lender, Alter Domus (US) LLC, as calculation agent, and the Agent entered into a reimbursement agreement (the “Reimbursement Agreement”), pursuant to which, among other things, the Company agreed to reimburse the Agent, for the account of the Lender, in the event of any drawings under the Third Amendment Letter of Credit by the Revolving Loan Lender. The Company shall make certain other payments as set forth below, so long as the Third Amendment Letter of Credit remains outstanding: Letter of Credit Fee The Company shall pay to Agent, for the account of Lender, an annual fee of $ 500 , which shall be due and payable quarterly beginning on August 2, 2021, and every three months thereafter. In connection with the Closing, the Purchaser has agreed to extend the maturity date of the Third Amendment Letter of Credit for two (2) years and eliminate the Letter of Credit Fee paid by the Company. Equity Fee Every three months (the “Measurement Period”), commencing on August 6, 2021, the Company shall pay to the Lender or designee thereof a fee (the “Equity Fee”) payable in shares of Common Stock. The Equity Fee shall be calculated by dividing $ 1,000 by the volume weighted average price of the Common Stock on the Nasdaq Global Market for the ten (10) trading days ending on the last business day of the applicable Measurement Period. The Company may pay the Equity Fee in cash if certain conditions are met. The Equity Fee shall no longer be paid once the Company has issued Equity Fees in an amount of Common Stock equal to 9.99 % multiplied by the total number of shares of Common Stock outstanding as of July 30, 2021, rounded down to the nearest whole share of Common Stock , or 1,547,266 shares of Common Stock (the “Maximum Equity”). By March 2023, the Company had paid the Maximum Equity. Cash Fee The Company shall pay to the Agent, for the account of the Lender or a designee thereof a cash fee (the “Cash Fee”) which shall be due and payable in cash quarterly beginning on the date that the Maximum Equity has been issued and thereafter on the business day immediately succeeding the last business day of the applicable Measurement Period. The Cash Fee shall be equal to $ 1,000 , provided that, in the quarter in which the Maximum Equity is issued, such fee shall be equitably reduced by the value of any Equity Fee issued by the Company that quarter. In connection with the Closing, the Purchaser has agreed to reduce the Cash Fee paid by the Company to $ 375 per quarter. Amendment to Reimbursement Agreement In March 2023, the Company, the Purchaser, the Agent, and the designated calculation agent entered into Amendment No. 1 to Amended and Restated Reimbursement Agreement (“First Amendment to Amended and Restated Reimbursement Agreement”), pursuant to which the parties have agreed the Letter of Credit Fee, Equity Fee or Cash Fee that would otherwise be due and payable for the Pre-Closing Period will accrue and become payable and be paid on the date the Pre-Closing Period terminates. Upon Closing, the Company paid $ 280 in accordance with the First Amendment to Amended and Restated Reimbursement Agreement. Warrants In connection with the Credit Agreement, the Company issued to an affiliate of the Lender (the “Warrantholder”) a warrant (the “2020 Warrant”), pursuant to that certain warrant acquisition agreement, dated as of October 13, 2020, by and between the Company and the Lender, to purchase a number of shares of Common Stock equal to 23 % of the outstanding Common Stock on a fully-diluted basis at the time the 2020 Warrant is exercised (after giving effect to such issuance). The 2020 Warrant was issued on November 24, 2020 and is exercisable for a term of ten ( 10 ) years from the date of the issuance of the 2020 Warrant. As of June 30, 2023 and December 31, 2022, the 2020 Warrant was exercisable for an aggregate of 8,711,224 and 6,799,139 shares, respectively, of Common Stock with a per share exercise price of $ 0.01 . The Company determined that the 2020 Warrant should be accounted for as a derivative instrument and classified as a liability on its Consolidated Balance Sheets primarily due to the instrument obligating the Company to settle the 2020 Warrant in a variable number of shares of Common Stock. The 2020 Warrant was recorded at fair value and is treated as a discount on the term loan. The discount on the associated debt is amortized over the life of the Credit Agreement and included in interest expense. Pursuant to the Fourth Amendment and a warrant acquisition agreement, dated as of December 30, 2021, the Company issued to the Lender a warrant (the “2021 Warrant”) to purchase a number of shares of Common Stock equal to 5 % of the outstanding Common Stock on a fully-diluted basis at the time the 2021 Warrant is exercised. The 2021 Warrant has an exercise price of $ 0.01 and a term of ten years. As of June 30, 2023 and December 31, 2022, the 2021 Warrant was exercisable for an aggregate of 1,893,744 and 1,473,726 shares of Common Stock, respectively with a per share exercise price of $ 0.01 . To the extent the Delayed Draw Loan is funded, the Company has agreed to issue to the Lender a warrant (the “ 3 % Additional Warrant”) to purchase up to a number of shares of Common Stock equal to 3 % of the outstanding Common Stock on a fully-diluted basis at the time the 3% Additional Warrant is exercised (after giving effect to such issuance). The 3% Additional Warrant, if issued, will have an exercise price of $ 0.01 and a term of ten years . The Additional Warrant was never issued as the Delayed Draw Loan expired undrawn on April 3, 2023. The 2020 Warrant, 2021 Warrant, 2022 Warrant, and 2023 Warrant collectively are referred to herein as the “Warrant”. The following schedule shows the change in fair value of the Warrant as of June 30, 2023. Warrant liability as of December 31, 2022 $ 31,028 Warrant issued $ 3,544 Change in fair value 6,142 Warrant liability as of June 30, 2023 $ 40,714 The change in fair value of the Warrant is reported on a separate line in the consolidated statement of operations. Siena Loan and Security Agreement In October 2020, the Company entered into a Loan and Security Agreement (the “Siena Loan Agreement”) by and among the Company, as guarantor, and certain of its subsidiaries, as borrowers (together with the Company, the “Revolving Loan Parties”), and Siena Lending Group LLC, as lender (“Revolving Loan Lender”). Pursuant to the Siena Loan Agreement, the Revolving Loan Lender provided an asset backed credit facility, in the maximum aggregate principal amount of up to $ 20,000 (the “Maximum Revolving Facility Amount”) consisting of revolving loans (the “Revolving Loans”), subject to certain borrowing base requirements set forth in the Siena Loan Agreement. In July 2021, the Revolving Loan Parties and the Revolving Loan Lender entered into an Amended and Restated Loan and Security Agreement (the “Amended and Restated Loan and Security Agreement”), which amended and restated the terms and conditions of the Siena Loan Agreement, including, among other things, an increase of $ 25,000 to the Maximum Revolving Facility Amount. The Amended and Restated Loan and Security Agreement has a term ending on October 8, 2023. Revolving Loans outstanding under the Amended and Restated Loan and Security Agreement bear interest, subject to the provisions of the Amended and Restated Loan and Security Agreement, at an interest rate of 2 % per annum in excess of the Base Rate (as defined in the Siena Loan Agreement). In February 2022, the Revolving Loan Parties and the Revolving Loan Lender entered into a First Amendment to Amended and Restated Loan and Security Agreement (the “First Amendment to Amended and Restated Loan and Security Agreement”), pursuant to which, among other things, the Maximum Revolving Facility Amount was increased to $ 35,000 . Revolving Loans outstanding under the First Amendment to Amended and Restated Loan and Security Agreement bear interest, subject to the provisions of the First Amendment to Amended and Restated Loan and Security Agreement, at a rate of 2% per annum in excess of the Base Rate (as defined in the Amended and Restated Loan and Security Agreement). Notwithstanding the foregoing, Revolving Loans made in respect of Excess Availability (as defined in the First Amendment to Amended and Restated Loan and Security Agreement) arising from clause (b) of the definition of “Borrowing Base” (as defined in the First Amendment to Amended and Restated Loan and Security Agreement) bear interest, subject to the provisions of the First Amendment to Amended and Restated Loan and Security Agr eement, at a rate of 1.5 % per annum in excess of the Base Rate (as defined in the Amended and Restated Loan and Security Agreement). As of June 30, 2023, the interest rate on outstanding debt under the Amended and Restated Loan and Security Agreement was 11.25 % and under the First Amendment to Amended and Restated Loan and Security Agreement was 9.75 % . As of June 30, 2023, the Company had $ 22,293 in outstanding debt under the Siena Loan Agreement and remaining borrowing availability of $ 11,760 . As of December 31, 2022, the Company had $ 33,825 in outstanding debt under the Siena Loan Agreement and remaining borrowing availability of zero . The Company incurred $ 1,101 in deferred financing costs related to the Siena Loan Agreement during the fourth quarter of 2020 and incurred $ 1,037 in additional deferred financing costs related to the Amended and Restated Loan and Security Agreement during the third quarter of 2021. The deferred financing costs are presented as an asset and amortized to interest expense on a straight-line basis over the term of the Siena Loan Agreement. M&T Credit Agreement In April 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”), with a term that ended on April 16, 2021 (the “Term End”). 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 to be leased to third parties. In connection with the M&T Credit Agreement, (i) FreightCar Leasing LLC, a wholly owned subsidiary of the Company and parent of FreightCar Leasing Borrower (“FreightCar Leasing Guarantor”), entered into a Guaranty Agreement (the “M&T Guaranty Agreement”) and Pledge Agreement (the “M&T Pledge Agreement”) with M&T. The Loans outstanding 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), and 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). Between August 2020 and April 2021, FreightCar Leasing Borrower received notices from M&T that various Events of Default (as defined in the M&T Credit Agreement) had occurred, including a notice in April 2021 that an Event of Default had occurred due to all amounts outstanding under the M&T Credit Agreement having not been paid by the Term End. In December 2021 (the “Execution Date”), FreightCar Leasing Borrower, FreightCar Leasing Guarantor (together with FreightCar Leasing Borrower, the “Obligors”), the Company, FreightCar America Railcar Management, LLC (“FCA Management”), and M&T, entered into a Forbearance and Settlement Agreement (the “Forbearance Agreement”) with respect to the M&T Credit Agreement and its related Credit Documents (as defined in the M&T Credit Agreement), as well as certain intercompany services agreements related thereto. Pursuant to the Forbearance Agreement, the Obligors will continue to perform and comply with all of their performance obligations (as opposed to payment obligations) under certain provisions of the M&T Credit Agreement (primarily related to information obligations and the preservation of the collateral pledged by FreightCar Leasing Borrower to M&T pursuant to the M&T Security Agreement (the “Collateral”) and all the provisions of the M&T Security Agreement. On December 1, 2023, or sooner if requested by the Lender (the “Turnover Date”), FreightCar Leasing Borrower shall execute and deliver to M&T documents required to deliver and assign to M&T all the leased railcars and related leases serving as Collateral for the M&T Credit Agreement, and the Company shall turn over to M&T certain rents in the amount of $ 715 that it had previously collected as servicing agent for FreightCar Leasing Borrower. Upon the Turnover Date and the Obligors’ performance of their respective obligations under the Forbearance Agreement, including the delivery of certain Collateral to M&T upon the Turnover Date, all Obligations (as defined in the M&T Credit Agreement) shall be deemed satisfied in full, M&T shall no longer have any further claims against the Obligors under the Credit Documents and the Credit Documents shall automatically terminate and be of no further force or effect except for the provisions thereof that expressly survive termination. On June 30, 2023, FreightCar Leasing Borrower paid an aggregate of $ 4,480 under the M&T Credit Agreement and with respect to the Forbearance Agreement. The payment consisted of proceeds from the sale to a third party of certain railcars and related leases, in lieu of turning over such railcars to M&T as contemplated by the Forbearance Agreement. As part of the payment terms, it was a condition that certain lease payments be made by the current lessees of the railcars to M&T in accordance with the Forbearance Agreement, which payments were timely made. Accordingly, FreightCar Leasing Borrower’s obligations under the M&T Credit Agreement are deemed satisfied in full and the M&T Credit Agreement and all other Credit Documents (as defined in the M&T Credit Agreement), as well as the Forbearance Agreement, are terminated, resulting in a gain on extinguishment of $ 2,892 . As of December 31, 2022, FreightCar Leasing Borrower had $ 6,917 in outstanding debt under the M&T Credit Agreement, which was collateralized by leased railcars with a carrying value of $ 4,116 .

Mezzanine Equity and 2023 Warra

Mezzanine Equity and 2023 Warrant	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Mezzanine Equity and 2023 Warrant	Note 9 – Mezzanine Equity and 2023 Warrant On March 23, 2023, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) by and among the Company and OC III LFE II LP (the “Purchaser”). On May 22, 2023, the transactions contemplated by the Purchase Agreement were consummated (the “Closing”), pursuant to which the Company issued 85,412 shares of Series C Preferred Stock, $ 0.01 par value per share (the “Series C Preferred Stock”), at an initial stated value of $ 1,000 per share, and the 2023 Warrant to purchase up to 1,636,313 shares of the Company’s outstanding Common Stock at an exercise price of $ 3.57 . This transaction resulted in $ 2,506 of total issuance costs, of which $ 2,216 were allocated against the Series C Preferred Shares. Preferred Stock During the three and six months ended June 30, 2023, the Company settled its Term Loan Credit Agreement through the issuance of 85,412 of its authorized Series C Preferred Stock to the Purchaser pursuant to the Purchase Agreement at an initial stated and fair value of $ 85,412 . The Series C Preferred Stock was initially stated at fair value net of $ 2,506 issuance costs. The Company determined the Series C Preferred Stock should be classified as Mezzanine Equity (temporary equity outside of permanent equity) since a deemed liquidation event following a change of control may require redemption of the Series C Preferred Stock that is not solely within the control of the Company. Pursuant to the Purchase Agreement, a certificate of designation was filed with the Delaware Secretary of State in connection with the Closing (the “Certificate of Designation”) and contained rights, terms and provisions applicable to the Series C Preferred Stock. The Certificate of Designation provided, among other things, that the Series C Preferred Stock will rank senior to the Common Stock with respect to the payment of dividends and distribution of assets upon liquidation, dissolution and winding up. Dividends will accrue on the Series C Preferred Stock at a rate of 17.5 % per annum (the “Dividend Rate”) on the Stated Value and Accrued Dividends (each defined in the Certificate of Designation), whether or not declared, and shall be cumulative. The Series C Preferred Stock will not participate in any dividends paid to the holders of shares of Common Stock. The Company may redeem the outstanding Series C Preferred Stock at any time by payment of the Stated Value plus all accrued dividends (the “Redemption Price”). If the Company has not redeemed the Series C Preferred Stock on or prior to the fourth anniversary of the Closing, the Dividend Rate will increase by 0.5 % for every quarter thereafter until the Series C Preferred Stock is redeemed in full. The Purchaser has the right to request the Company redeem the Series C Preferred Stock at any time after the sixth anniversary of the Closing. If the Company does not redeem the Series C Preferred Stock within six months after receipt of a redemption request from the Purchaser, the holders of the Series C Preferred Stock will be entitled to certain limited voting rights as described in the Certificate of Designation. The Series C Preferred Stock has similar characteristics of an “Increasing Rate Security” as described by SEC Staff Accounting Bulletin Topic 5Q, Increasing Rate Preferred Stock. As a result, and as the Company has the ability to redeem the Series C Preferred Stock before the increasing Dividend Rate occurs, the discount on Series C Preferred Stock is considered an unstated dividend cost that is amortized over the period preceding commencement of the increasing Dividend Rate using the effective interest method, by charging imputed dividend cost against retained earnings, or additional paid in capital in the absence of retained earnings, and increasing the carrying amount of the Series C Preferred Stock by a corresponding amount. Accordingly, the discount is amortized over four years using the effective yield method. 2023 Warrant At Closing, the Company issued a liability-classified warrant to purchase an aggregate of 1,636,313 shares of the Company’s Common Stock, exercisable for a term of ten years from the date of issuance with an exercise price of $ 3.57 . The 2023 Warrant had a fair value of $ 3,544 upon issuance, calculated using the Black-Scholes option valuation model.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2023
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Note 10 – Accumulated Other Comprehensive Income The changes in accumulated other comprehensive income consist of the following: Pre-Tax Tax After-Tax Three months ended June 30, 2023 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income) $ 36 $ - $ 36 Pre-Tax Tax After-Tax Three months ended June 30, 2022 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income) $ 83 $ - $ 83 Pre-Tax Tax After-Tax Six months ended June 30, 2023 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income) $ 77 $ - $ 77 Pre-Tax Tax After-Tax Six months ended June 30, 2022 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income) $ 167 $ - $ 167 The components of accumulated other comprehensive income consist of the following: June 30, December 31, 2023 2022 Unrecognized pension income, net of tax of $ 6,282 and $ 6,282 , respectively $ 1,099 $ 1,022

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Note 11 – Stock-Based Compensation Total stock-based compensation was $ ( 100 ) and $ ( 2,754 ) for the three months ended June 30, 2023 and 2022, respectively and $ ( 191 ) and $ 1,490 for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, there was $ 1,822 of unearned compensation expense related to restricted stock awards, which will be recognized over the remaining weighted average requisite service period of 22 months. As of June 30, 2023, there was $ 1,664 of unearned compensation related to time-vested stock options, which will be recognized over the remaining requisite service period of 25 months. 2020 and 2021 Grants of Stock Appreciation Rights During 2020 and 2021, the Company granted 1,164,464 and 1,735,500 cash settled stock appreciation rights, respectively, to certain employees. Each stock appreciation right represents the right to receive a payment measured by the increase in the fair market value of one share of the Company’s stock from the date of grant of the stock appreciation right to the date of exercise of the stock appreciation right. Cash settled stock appreciation rights are classified as liabilities. The 2020 cash settled stock appreciation rights vest ratably over three years and have a contractual life of 10 years . Vesting of the 2021 cash settled stock appreciation rights was contingent upon the achievement of a thirty-day trailing average fair market value of a share of Common Stock of 133.3% ($3.17) or more of the exercise price per share of $ 2.38 . When vesting of an award of stock-based compensation is dependent upon the attainment of a target stock price, the award is considered to be subject to a market condition. During the first quarter of 2021, the market condition for the 2021 cash settled stock appreciation rights was met. The 2021 cash settled stock appreciation rights vest ratably over three years and have a contractual life of 10 years . The Company measures the fair value of unvested cash settled stock appreciation rights using the Black-Scholes option valuation model and remeasures the fair value of the award each reporting period until the award is vested. Once vested the Company immediately recognizes compensation cost for any changes in fair value of cash settled stock appreciation rights until settlement. Fair value of vested cash settled stock appreciation rights represents the fair market value of one share of the Company’s stock on the measurement date less the exercise price per share. Compensation cost for cash settled stock appreciation rights is trued up each reporting period for changes in fair value pro-rated for the portion of the requisite service period rendered. Effective May 11, 2023, the outstanding cash settled stock appreciation rights were amended to provide for such awards to be settled in shares of the Company’s Common Stock rather than in cash as they were initially structured, resulting in a modification of the classification of these awards from liability to equity. The estimated fair value of the cash settled stock appreciation rights immediately preceding the modification was $ 1,738 , estimated using the Black-Scholes option valuation model with the following assumptions: Expected Risk Free Expected Dividend Interest Fair Value Grant Year Grant Date Expected Life Volatility Yield Rate Per Award 2020 1/24/2020 3.4 years 94.06 % 0.00 % 3.66 % $ 2.00 2020 11/30/2020 4.1 years 89.29 % 0.00 % 3.54 % $ 1.85 2021 1/5/2021 4.2 years 88.36 % 0.00 % 3.52 % $ 1.89 The estimated fair value of the cash settled stock appreciation rights was $ 3,212 as of June 30, 2022. Stock-based compensation for cash settled stock appreciation rights was $ ( 636 ) and $ ( 2,951 ) for the three months ended June 30, 2023 and 2022, respectively, and $ ( 1,219 ) and $ 808 for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, there was $ 167 of unearned compensation related to the cash settled stock appreciation rights, which will be recognized over the remaining requisite service period of 6 months . Inducement Options On June 26, 2023 (the “Grant Date”), the Company issued 300,000 inducement stock options (the “Inducement Options”) outside of The FreightCar America, Inc. 2022 Long Term Incentive Plan to one individual. The Inducement Options were issued at an exercise price of $ 2.73 and have a contractual life of 10 years . Vesting of the Inducement Options is contingent on the achievement of the later of (i) the first date the closing price of one share of the Company’s Common Stock is equal to or greater than 125% of the exercise price; and (ii) the vesting of one-third of the options per year for three consecutive years after, and on each anniversary of, the Grant Date. The Company measured the fair value of the Inducement Options as of the Grant Date using a Monte Carlo Simulation Model considering the following assumptions: trading stock price as of the Grant Date of $ 2.74 , risk-free rate of 3.65 %, volatility rate of 69.81 %, and a term of 10 years. As the likelihood of achieving the market condition is factored into the Monte Carlo model, the stock-based compensation for the Inducement Options will be recognized ratably over the three-year service period.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 12 – Employee Benefit Plans The Company has a qualified, defined benefit pension plan (the “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 were 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 components of net periodic benefit cost (benefit) for the three and six months ended June 30, 2023 and 2022, are as follows: Three Months Ended Six Months Ended June 30, June 30, Pension Benefits 2023 2022 2023 2022 Interest cost $ 151 $ 276 $ 302 $ 552 Expected return on plan assets ( 86 ) ( 617 ) ( 167 ) ( 1,234 ) Amortization of unrecognized net income (loss) 36 83 77 167 $ 101 $ ( 258 ) $ 212 $ ( 515 ) The Company made no contributions to the Company’s defined benefit pension plan for the three and six months ended June 30, 2023 and 2022 . The Company expects to make no further contributions to its pension plan. The Company also maintains qualified defined contribution plans, which provide benefits to employees based on employee contributions and employee earnings with discretionary contributions allowed.

Foreign Currency Forward Contra

Foreign Currency Forward Contracts	6 Months Ended
	Jun. 30, 2023
Foreign Currency [Abstract]
Foreign Currency Forward Contracts	Note 13 – Foreign Currency Forward Contracts The Company’s operations and expenditures in its normal course of business are subject to opportunities and risks related to foreign currency fluctuations. The Company utilizes foreign currency forward contracts to protect against downward currency exposure by hedging Mexican Peso denominated expenses against the risk of variability in foreign currency exchange rates between the Mexican Peso and the U.S. Dollar. During the three and six months ended June 30, 2023 , the Company entered for the first time into forward contracts to hedge the Company’s anticipated and probable Mexican Peso denominated expenses against the foreign currency rate exposure. The contracts have terms between one and 12 months and require the Company to exchange currencies at agreed-upon rates at each settlement date . The counterparties to the contracts consist of a limited number of major domestic and international financial institutions. The Company classifies these contracts as cash flow hedges in accordance with ASC 815, Derivatives and Hedging . The Company will assess the assumed effectiveness and fair value of the contracts at each reporting period. The Company records unrealized gains or losses related to changes in the fair value of the forward contracts in other comprehensive income as long as the contracts are assumed to be effective. Amounts accumulated in other comprehensive income (loss) are reclassified to the consolidated statement of operations when the hedged item impacts earnings or upon determination that the contract is no longer assumed to be effective. The amounts accumulated in other comprehensive income were minimal during the three and six months ended June 30, 2023 . The Company has no t recorded any realized gains or losses in earnings related to the forward contracts during the three and six months ended June 30, 2023 . The Company did not enter into forward contracts in 2022.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 14 – Earnings Per Share The net (loss) income available to common stockholders and weighted-average common shares outstanding are as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net (loss) income ( 18,889 ) 14,539 ( 23,926 ) ( 11,308 ) Accretion of financing fees ( 57 ) - ( 57 ) - Accrued dividends on Series C Preferred Stock ( 1,612 ) - ( 1,612 ) - Net (loss) income available to common stockholders - basic ( 20,558 ) 14,539 ( 25,595 ) ( 11,308 ) Net (loss) income available to common stockholders - diluted ( 20,558 ) 14,539 ( 25,595 ) ( 11,308 ) Denominator: Weighted average common shares outstanding 16,974,593 15,919,436 16,883,946 15,799,456 Issuance of Warrants 11,139,232 8,580,348 10,668,351 8,194,871 Weighted average common shares outstanding - basic 28,113,825 24,499,784 27,552,297 23,994,327 Weighted average common shares outstanding - diluted 28,113,825 24,499,784 27,552,297 23,994,327 The Company computes earnings per share using the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities. The Company’s participating securities are its grants of restricted stock which contain non-forfeitable rights to dividends. The Company allocates earnings between both classes; however, in periods of undistributed losses, they are only allocated to common shares as the unvested restricted stock holders do not contractually participate in losses of the Company. The Company computes basic earnings per share by dividing net income allocated to common shareholders by the weighted average number of shares outstanding during the period. Warrants issued in connection with the Company's long-term debt were issued at a nominal exercise price and are considered outstanding at the date of issuance. The 2023 Warrant was issued out-of-the money and the Company will apply the treasury stock method to this warrant when computing earnings per share. Diluted earnings per share is calculated to give effect to all potentially dilutive common shares that were outstanding during the period. 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 June 30, 2023 and 2022, 5,893,935 and 1,759,997 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive. For the six months ended June 30, 2023 and 2022, 5,865,863 and 1,727,421 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were antidilutive.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Parties	Note 15 – Related Parties The following persons are owners of Fabricaciones y Servicios de México, S.A. de C.V. (“Fasemex”): Jesus Gil, VP Operations and a director of the Company; and Alejandro Gil and Salvador Gil, siblings of Jesus Gil. Fasemex owns approximately 10.8 % of the outstanding shares of Common Stock as of June 30, 2023 and provides steel fabrication services to the Company. The lessors of the Company’s leased facility in Castaños are Jesus Gil, Alejandro Gil, and Salvador Gil. The Company paid $ 2,506 and $ 6,594 during the three and six months ended June 30, 2023 , respectively, and $ 4,447 and $ 16,656 during the three and six months ended June 30, 2022, respectively, related to rent payment, security deposit, fabrication services and royalty payments. Distribuciones Industriales JAS S.A. de C.V. (“DI”) is owned by Alejandro Gil and Salvador Gil. The Company paid $ 847 and $ 1,797 during the three and six months ended June 30, 2023 , respectively, and $ 563 and $ 1,072 during the three and six months ended June 30, 2022 , respectively, to DI related to material and safety supplies. Maquinaria y Equipo de Transporte Jova S.A. de C.V. (“METJ”) is owned by Jorge Gil, another sibling of Jesus Gil. The Company paid $ 777 and $ 1,375 during the three and six months ended June 30, 2023 , respectively, and $ 812 and $ 1,412 during the three and six months ended June 30, 2022, respectively, to METJ related to trucking services. Related party asset on the condensed consolidated balance sheet of $ 1,308 as of June 30, 2023 includes prepaid inventory of $ 768 and other receivables of $ 540 from Fasemex. Related party accounts payable on the condensed consolidated balance sheet of $ 1,213 as of June 30, 2023 includes $ 35 payable to Fasemex, $ 657 payable to DI and $ 521 payable to METJ. Related party asset on the condensed consolidated balance sheet of $ 3,261 as of December 31, 2022 includes prepaid inventory of $ 2,014 and other receivables of $ 1,247 from Fasemex. Related party accounts payable on the condensed consolidated balance sheet of $ 3,393 as of December 31, 2022 includes $ 2,475 payable to Fasemex, $ 572 payable to DI and $ 346 payable to METJ. The Warrantholder beneficially owns approximately 47.4 % of the outstanding shares of Common Stock (as disclosed by the Warrantholder in its Schedule 13D/A No. 6 filed with the SEC on July 14, 2023). The Company paid $ 1,503 and $ 4,776 to the Warrantholder during the three and six months ended June 30, 2023, respectively, for term loan interest, of which $ 1,615 was paid in cash and $ 3,161 was payment in kind. Additionally, the Company did no t pay equity or cash fees during the three months ended June 30, 2023 and paid $ 535 in equity fees and $ 866 in c ash fees during the six months ended June 30, 2023 to the Warrantholder related to the standby letter of credit described in Note 8 – Debt Financing and Revolving Credit Facilitie s.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 16 – Income Taxes The Company’s reported effective income tax rate was ( 3.1 )% and 10.2 % for the three months ended June 30, 2023 and 2022, respectively. The effective tax rate for the second quarter of 2023 varies from the U.S. statutory tax rate of 21 % primarily due to earnings from international jurisdictions and permanent differences, predominantly Mexico, taxed at higher tax rates and a full valuation allowance in the U.S. The effective tax rate for the second quarter of 2022 was lower than the 21% U.S. statutory tax rate primarily due to earnings from international jurisdictions and permanent differences and discrete events, predominantly Mexico, taxed at higher tax rates and a full valuation allowance in the U.S. The Company’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items. The Company’s reported effective income tax rate was ( 2.9 )% and ( 20.2 )% for the six months ended June 30, 2023 and 2022, respectively. The effective tax rate for the second quarter of 2023 varies from the U.S. statutory tax rate of 21 % primarily due to earnings from international jurisdictions and permanent differences, predominantly Mexico, taxed at higher tax rates and a full valuation allowance in the U.S. The effective tax rate for the second quarter of 2022 was lower than the 21% U.S. statutory tax rate primarily due to earnings from international jurisdictions and permanent differences and discrete events, predominantly Mexico, taxed at higher tax rates and a full valuation allowance in the U.S.

Basis of Presentation (Policy)

Basis of Presentation (Policy)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements include the accounts of FreightCar America, Inc. and its 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 six months ended June 30, 2023 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 2022 year-end balance sheet data was derived from the audited financial statements as of December 31, 2022. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted. Certain prior year amounts have been reclassified, where necessary, to conform to the current year presentation. 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, 2022 .

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Recognition	The following table disaggregates the Company’s revenues by major source: Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Railcar sales $ 85,349 $ 52,764 $ 162,345 $ 142,072 Parts sales 2,873 3,193 6,273 6,304 Revenues from contracts with customers 88,222 55,957 168,618 148,376 Leasing revenues 374 829 977 1,646 Total revenues $ 88,596 $ 56,786 $ 169,595 $ 150,022

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Revenues: Manufacturing $ 85,724 $ 53,606 $ 163,323 $ 143,731 Corporate and Other 2,872 3,180 6,272 6,291 Consolidated revenues $ 88,596 $ 56,786 $ 169,595 $ 150,022 Operating income: Manufacturing $ 11,769 $ 4,900 $ 17,397 $ 13,416 Corporate and Other ( 4,043 ) ( 2,364 ) ( 8,574 ) ( 11,535 ) Consolidated operating income 7,726 2,536 8,823 1,881 Consolidated interest expense ( 4,351 ) ( 5,757 ) ( 10,951 ) ( 11,462 ) Gain (loss) on change in fair market value of Warrant liability ( 6,755 ) 18,746 ( 6,142 ) ( 1,984 ) Loss on extinguishment of debt ( 14,880 ) - ( 14,880 ) - Consolidated other (expense) income ( 69 ) 661 ( 105 ) 2,157 Consolidated loss (income) before income taxes $ ( 18,329 ) $ 16,186 $ ( 23,255 ) $ ( 9,408 ) Depreciation and amortization: Manufacturing $ 891 $ 869 $ 1,823 $ 1,736 Corporate and Other 142 167 282 324 Consolidated depreciation and amortization $ 1,033 $ 1,036 $ 2,105 $ 2,060 Capital expenditures: Manufacturing $ 2,947 $ 1,482 $ 4,826 $ 2,442 Corporate and Other 47 366 128 366 Consolidated capital expenditures $ 2,994 $ 1,848 $ 4,954 $ 2,808
Reconciliation of Assets From Segment to Consolidated	June 30, December 31, 2023 2022 Assets: Manufacturing $ 184,389 $ 149,014 Corporate and Other 23,772 50,631 Total operating assets 208,161 199,645 Consolidated income taxes receivable 83 93 Consolidated assets $ 208,244 $ 199,738
Geographic Information	Geographic Information Revenues Long Lived Assets(a) Three Months Ended Six Months Ended June 30, June 30, June 30, December 31, 2023 2022 2023 2022 2023 2022 United States $ 88,596 $ 56,772 $ 169,595 $ 150,008 $ 10,240 $ 15,018 Mexico - 14 - 14 56,835 54,243 Total $ 88,596 $ 56,786 $ 169,595 $ 150,022 $ 67,075 $ 69,261 (a) Long lived assets include property plant and equipment, net, railcars available for lease, and right-of-use (ROU) assets.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis and Non-Recurring Basis	Recurring Fair Value Measurements As of June 30, 2023 Level 1 Level 2 Level 3 Total Liabilities: Warrant liability $ - $ 40,714 $ - $ 40,714 Recurring Fair Value Measurements As of December 31, 2022 Level 1 Level 2 Level 3 Total Liabilities: Warrant liability $ - $ 31,028 $ - $ 31,028 Non-recurring Fair Value Measurements During the Year Ended December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Railcars available for lease, net $ - $ 4,116 $ - $ 4,116 Assets held for sale $ - $ 3,675 $ - $ 3,675

Restricted Cash (Tables)

Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2023
Restricted Cash [Abstract]
Restricted Cash	The Company’s restricted cash balances are as follows: June 30, December 31, 2023 2022 Restricted cash from customer deposit $ 282 $ 282 Restricted cash to collateralize standby letters of credit 103 103 Restricted cash equivalents to collateralize standby letters of credit 3,542 3,542 Restricted cash equivalents - other 266 151 Total restricted cash and restricted cash equivalents $ 4,193 $ 4,078

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory Current	Inventories, net of reserve for excess and obsolete items, consist of the following: June 30, December 31, 2023 2022 Raw materials $ 75,371 $ 46,421 Work in process 4,209 4,527 Finished railcars 4,517 8,783 Parts inventory 4,672 4,586 Total inventories, net $ 88,769 $ 64,317

Debt Financing and Revolving _2

Debt Financing and Revolving Credit Facilities (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following as of June 30, 2023 and December 31, 2022: June 30, December 31, 2023 2022 M&T Credit Agreement outstanding $ - $ 6,917 Siena Loan Agreement outstanding 22,293 33,825 Credit Agreement outstanding - 58,745 Total debt 22,293 99,487 Less Credit Agreement discount - ( 5,262 ) Less Credit Agreement deferred financing costs - ( 1,989 ) Total debt, net of discount and deferred financing costs 22,293 92,236 Less amounts due within one year ( 22,293 ) ( 40,742 ) Long-term debt, net of current portion $ - $ 51,494
Fair Value of Warrant	The following schedule shows the change in fair value of the Warrant as of June 30, 2023. Warrant liability as of December 31, 2022 $ 31,028 Warrant issued $ 3,544 Change in fair value 6,142 Warrant liability as of June 30, 2023 $ 40,714

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2023
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The changes in accumulated other comprehensive income consist of the following: Pre-Tax Tax After-Tax Three months ended June 30, 2023 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income) $ 36 $ - $ 36 Pre-Tax Tax After-Tax Three months ended June 30, 2022 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income) $ 83 $ - $ 83 Pre-Tax Tax After-Tax Six months ended June 30, 2023 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income) $ 77 $ - $ 77 Pre-Tax Tax After-Tax Six months ended June 30, 2022 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income) $ 167 $ - $ 167
Components of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income consist of the following: June 30, December 31, 2023 2022 Unrecognized pension income, net of tax of $ 6,282 and $ 6,282 , respectively $ 1,099 $ 1,022

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Valuation Assumptions, Options	the Black-Scholes option valuation model with the following assumptions: Expected Risk Free Expected Dividend Interest Fair Value Grant Year Grant Date Expected Life Volatility Yield Rate Per Award 2020 1/24/2020 3.4 years 94.06 % 0.00 % 3.66 % $ 2.00 2020 11/30/2020 4.1 years 89.29 % 0.00 % 3.54 % $ 1.85 2021 1/5/2021 4.2 years 88.36 % 0.00 % 3.52 % $ 1.89

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	The components of net periodic benefit cost (benefit) for the three and six months ended June 30, 2023 and 2022, are as follows: Three Months Ended Six Months Ended June 30, June 30, Pension Benefits 2023 2022 2023 2022 Interest cost $ 151 $ 276 $ 302 $ 552 Expected return on plan assets ( 86 ) ( 617 ) ( 167 ) ( 1,234 ) Amortization of unrecognized net income (loss) 36 83 77 167 $ 101 $ ( 258 ) $ 212 $ ( 515 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Weighted Average Common Shares Outstanding	The net (loss) income available to common stockholders and weighted-average common shares outstanding are as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net (loss) income ( 18,889 ) 14,539 ( 23,926 ) ( 11,308 ) Accretion of financing fees ( 57 ) - ( 57 ) - Accrued dividends on Series C Preferred Stock ( 1,612 ) - ( 1,612 ) - Net (loss) income available to common stockholders - basic ( 20,558 ) 14,539 ( 25,595 ) ( 11,308 ) Net (loss) income available to common stockholders - diluted ( 20,558 ) 14,539 ( 25,595 ) ( 11,308 ) Denominator: Weighted average common shares outstanding 16,974,593 15,919,436 16,883,946 15,799,456 Issuance of Warrants 11,139,232 8,580,348 10,668,351 8,194,871 Weighted average common shares outstanding - basic 28,113,825 24,499,784 27,552,297 23,994,327 Weighted average common shares outstanding - diluted 28,113,825 24,499,784 27,552,297 23,994,327

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Contract assets	$ 0	$ 0
Deferred revenue and customer deposits	22,048,000	$ 219,000
Performance obligation	$ 14,850,000
Minimum [Member] | Railcar Sales [Member]
Disaggregation of Revenue [Line Items]
Contract payment term	5 days
Minimum [Member] | Parts Sales [Member]
Disaggregation of Revenue [Line Items]
Contract payment term	30 days
Maximum [Member] | Railcar Sales [Member]
Disaggregation of Revenue [Line Items]
Contract payment term	10 days
Maximum [Member] | Parts Sales [Member]
Disaggregation of Revenue [Line Items]
Contract payment term	45 days

Revenue Recognition (Schedule o

Revenue Recognition (Schedule of Revenue Recognition) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 88,222	$ 55,957	$ 168,618	$ 148,376
Leasing revenues	374	829	977	1,646
Total revenues	88,596	56,786	169,595	150,022
Railcar Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	85,349	52,764	162,345	142,072
Parts Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 2,873	$ 3,193	$ 6,273	$ 6,304

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2023 Segment
Segment Reporting [Abstract]
Number of Operating Segments	2
Number of Reportable Segments	1

Segment Information (Schedule o

Segment Information (Schedule of Segment Reporting Information, by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenues	$ 88,596	$ 56,786	$ 169,595	$ 150,022
Operating income (loss)	7,726	2,536	8,823	1,881
Gain (loss) on change in fair market value of Warrant liability	(6,755)	18,746	(6,142)	(1,984)
Gain on extinguishment of debt	(14,880)	0	(14,880)	0
Consolidated other income (loss)	(69)	661	(105)	2,157
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	88,596	56,786	169,595	150,022
Operating income (loss)	7,726	2,536	8,823	1,881
Consolidated interest expense	(4,351)	(5,757)	(10,951)	(11,462)
Gain (loss) on change in fair market value of Warrant liability	(6,755)	18,746	(6,142)	(1,984)
Gain on extinguishment of debt	(14,880)		(14,880)
Consolidated other income (loss)	(69)	661	(105)	2,157
Income (loss) before income taxes	(18,329)	16,186	(23,255)	(9,408)
Depreciation and amortization	1,033	1,036	2,105	2,060
Capital expenditures	2,994	1,848	4,954	2,808
Operating Segments [Member] | Manufacturing [Member]
Segment Reporting Information [Line Items]
Revenues	85,724	53,606	163,323	143,731
Operating income (loss)	11,769	4,900	17,397	13,416
Depreciation and amortization	891	869	1,823	1,736
Capital expenditures	2,947	1,482	4,826	2,442
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	2,872	3,180	6,272	6,291
Operating income (loss)	(4,043)	(2,364)	(8,574)	(11,535)
Depreciation and amortization	142	167	282	324
Capital expenditures	$ 47	$ 366	$ 128	$ 366

Segment Information (Reconcilia

Segment Information (Reconciliation of Assets from Segment to Consolidated) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total assets	$ 208,244	$ 199,738
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total operating assets	208,161	199,645
Consolidated income taxes receivable	83	93
Total assets	208,244	199,738
Operating Segments [Member] | Manufacturing [Member]
Segment Reporting Information [Line Items]
Total operating assets	184,389	149,014
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total operating assets	$ 23,772	$ 50,631

Segment Information (Geographic

Segment Information (Geographic Information) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenues		$ 88,596	$ 56,786	$ 169,595	$ 150,022
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		88,596	56,786	169,595	150,022
Long-Lived Assets	[1]	67,075		67,075		$ 69,261
Operating Segments [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenues		88,596	56,772	169,595	150,008
Long-Lived Assets	[1]	10,240		10,240		15,018
Operating Segments [Member] | Mexico [Member]
Segment Reporting Information [Line Items]
Revenues		0	$ 14	0	$ 14
Long-Lived Assets	[1]	$ 56,835		$ 56,835		$ 54,243
[1] Long lived assets include property plant and equipment, net, railcars available for lease, and right-of-use (ROU) assets.

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.01	$ 0.01
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	0.01	3.57
Common Stock, No Par Value	$ 0.01	$ 0.01

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value, Assets Measured on Recurring Basis and Non-Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liability	$ 40,714	$ 31,028
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale		3,675
Railcars available for lease, net		4,116
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liability	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale		0
Railcars available for lease, net		0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liability	40,714	31,028
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale		3,675
Railcars available for lease, net		4,116
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liability	$ 0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale		0
Railcars available for lease, net		$ 0

Restricted Cash (Details)

Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 4,193	$ 4,078
Customer Deposit [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	282	282
Restricted Cash To Collateralize Standby Letters Of Credit [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	103	103
Restricted Cash Equivalents To Collateralize Standby Letters Of Credit [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	3,542	3,542
Restricted Cash Equivalents - Other [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 266	$ 151

Inventories (Schedule of Invent

Inventories (Schedule of Inventory Current) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 75,371	$ 46,421
Work in process	4,209	4,527
Finished new railcars	4,517	8,783
Parts inventory	4,672	4,586
Total inventories, net	$ 88,769	$ 64,317

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 1,995	$ 1,672

Debt Financing and Revolving _3

Debt Financing and Revolving Credit Facilities (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands								1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Apr. 04, 2022	Dec. 30, 2021	Dec. 28, 2021	Aug. 06, 2021	Jul. 31, 2021	May 14, 2021	Nov. 24, 2020	Jul. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	May 22, 2023	Mar. 31, 2023	Feb. 28, 2023	Jan. 31, 2023	Feb. 23, 2022	Dec. 31, 2021	Oct. 13, 2020	Oct. 08, 2020
Line of Credit Facility [Line Items]
Deferred financing costs									$ 0			$ 0		$ 1,989
Common Stock									17,899,191			17,899,191		17,223,306
Amendment to Reimbursement Agreement												$ 280
Rent Under Forbearance Agreement			$ 715
Gain on extinguishment of debt									$ (14,880)	$ 0		$ (14,880)	$ 0
Common Stock, Par or Stated Value Per Share									$ 0.01			$ 0.01		$ 0.01
Warrants Exercisable Term							10 years
Class Of Warrant Or Right, Percentage Of Oustanding Common Shares							23%
Class of Warrant or Right, Number of Securities Called by Warrants or Rights									8,711,224			8,711,224		6,799,139
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 0.01			$ 0.01		$ 0.01
Preferred stock, par value									$ 0.01			$ 0.01		$ 0.01
Loss on extinguishment of debt									$ (14,880)	$ 0		$ (14,880)	$ 0
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Equity Fee									500			500
Fee reduce									375			375
Siena Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity									11,760			11,760		$ 0
Deferred financing costs, gross																				$ 1,037		$ 1,101
Maximum borrowing capacity								$ 25,000											$ 35,000			$ 20,000
Outstanding borrowings									$ 22,293			$ 22,293		$ 33,825
Debt Instrument, Basis Spread on Variable Rate								1.50%
Interest rate									11.25%			11.25%
Term Loan Credit Agreement [Member]
Line of Credit Facility [Line Items]
Deferred financing costs						$ 480	$ 2,872
Aggregate principal amount		$ 71,000				$ 56,000	$ 40,000														$ 40,000
Class of warrant or right percentage of outstanding common shares						5%
Term	10 years
Additional loan amount		15,000				$ 16,000
Debt Instrument Covenant For Additional Financing					$ 15,000
Debt instrument, Additional loan amount to be funded		$ 15,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights									1,893,744			1,893,744		1,473,726
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.01
Additional warrant liability											$ 7,351
Term Loan Credit Agreement [Member] | Letter of Credit [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount								$ 25,000
Term Loan Credit Agreement Third Amendment [Member]
Line of Credit Facility [Line Items]
Common Stock									1,547,266			1,547,266
Cash fee				$ 1,000
Percentage of common stock, Maximum				9.99%
Equity Fee				$ 1,000
Term Loan Credit Agreement Six Amendment [Member]
Line of Credit Facility [Line Items]
Debt instrument, Additional loan amount to be funded																		$ 15,000
Term Loan Credit Agreement Seven Amendment [Member]
Line of Credit Facility [Line Items]
Debt instrument, Additional loan amount to be funded																	$ 15,000
Siena Loan Agreement First Amendment [Member]
Line of Credit Facility [Line Items]
Interest rate									9.75%			9.75%
Delayed Draw Loan [Member]
Line of Credit Facility [Line Items]
Class of warrant or right percentage of outstanding common shares												3%
Warrants outstanding term									10 years			10 years
Class Of Warrant Or Right, Percentage Of Oustanding Common Shares												3%
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 0.01			$ 0.01
Securities Purchase Agreement [Member]
Line of Credit Facility [Line Items]
Purchase Shares Of Common Stock															1,636,313
Common stock , Par Value															$ 3.57
M & T Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Collateral														4,116
Maximum borrowing capacity									$ 40,000			$ 40,000
Outstanding borrowings														$ 6,917
Series C Preferred Stock [Member]
Line of Credit Facility [Line Items]
Preferred Stock, Shares Issued									85,412			85,412		0
Preferred stock, par value									$ 0.01			$ 0.01		$ 0.01
Series C Preferred Stock [Member] | Term Loan Credit Agreement [Member]
Line of Credit Facility [Line Items]
Gain on extinguishment of debt												$ 17,772
Outstanding Term Loan Credit Agreement												60,178
Accrued Unpaid Interest									$ 1,727			1,727
Loss on extinguishment of debt												$ 17,772
Series C Preferred Stock [Member] | Securities Purchase Agreement [Member]
Line of Credit Facility [Line Items]
Preferred Stock, Shares Issued															85,412	85,412
Preferred stock, par value															$ 0.01	$ 0.01
Preferrence stock, Stated Value																$ 1,000
Purchase Shares Of Common Stock															1,636,313
Warrant Acquisition Agreement [Member]
Line of Credit Facility [Line Items]
Class of warrant or right percentage of outstanding common shares		5%
Class of Warrant or Right, Number of Securities Called by Warrants or Rights									1,893,744			1,893,744		1,473,726
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 0.01			$ 0.01		$ 0.01						$ 0.01
Forbearance Agreement [Member]
Line of Credit Facility [Line Items]
Proceeds from the sale of certain railcars and related leases												$ 4,480
Gain on extinguishment of debt												2,892
Loss on extinguishment of debt												$ 2,892

Debt Financing and Revolving _4

Debt Financing and Revolving Credit Facilities (Long-Term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	May 14, 2021	Nov. 24, 2020
Debt Instrument [Line Items]
Total Debt	$ 22,293	$ 99,487
Less Credit Agreement discount	0	(5,262)
Less Credit Agreement deferred financing costs	0	(1,989)
Total debt, net of discount and deferred financing costs	22,293	92,236
Less amounts due within one year	(22,293)	(40,742)
Long-term debt, net of current portion	0	51,494
M&T Credit Agreement [Member]
Debt Instrument [Line Items]
Total Debt	0	6,917
Siena Loan Agreement [Member]
Debt Instrument [Line Items]
Total Debt	22,293	33,825
Term Loan Credit Agreement [Member]
Debt Instrument [Line Items]
Total Debt	$ 0	$ 58,745
Less Credit Agreement deferred financing costs			$ (480)	$ (2,872)

Debt Financing and Revolving _5

Debt Financing and Revolving Credit Facilities (Fair Value of Warrant) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Debt Disclosure [Abstract]
Warrant liability	$ 31,028
Warrant issued	3,544
Change in fair value	6,142
Warrant liability	$ 40,714

Mezzanine Equity and 2023 War_2

Mezzanine Equity and 2023 Warrant (Additional Information) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	May 22, 2023	Mar. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Preferred stock, par value	$ 0.01			$ 0.01
Preferred stock, shares authorized	2,500,000			2,500,000
2023 Warrant
Class of Stock [Line Items]
Purchase Shares Of Common Stock	1,636,313
Common stock exercise price	$ 3.57
Fair value	$ 3,544
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value	$ 0.01			$ 0.01
Issuance of costs	85,412			0
Preferred stock, shares issued	85,412			0
Preferred stock, shares authorized	85,412			85,412
Preferred stock dividend rate	0.50%
Securities Purchase Agreement [Member]
Class of Stock [Line Items]
Purchase Shares Of Common Stock		1,636,313
Common stock exercise price		$ 3.57
Securities Purchase Agreement [Member] | 2023 Warrant
Class of Stock [Line Items]
Issuance of costs		2,506
Preferred stock, shares issued		2,506
Securities Purchase Agreement [Member] | Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value		$ 0.01	$ 0.01
Issuance of costs		85,412	85,412
Preferred stock initial stated value		$ 1,000
Purchase Shares Of Common Stock		1,636,313
Preferred stock, shares issued		85,412	85,412
Preferred stock dividend rate	17.50%
Securities Purchase Agreement [Member] | Series C Preferred Stock [Member] | 2023 Warrant
Class of Stock [Line Items]
Issuance of costs		2,216
Common stock exercise price		$ 3.57
Preferred stock, shares issued		2,216
Term Loan Credit Agreement [Member] | Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock initial stated value	$ 85,412
Preferred stock, shares authorized	85,412
Fair value of stock issuance cost	$ 2,506

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - Reclassification out of Accumulated Other Comprehensive Income [Member] - Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] - Pension Benefits [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	$ 36	$ 83	$ 77	$ 167
After-Tax	$ 36	$ 83	$ 77	$ 167

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax	$ (48,954)	$ (32,514)	$ (28,584)	$ (10,151)	$ (26,028)	$ (1,656)
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	$ 1,099		$ 1,022

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss (Components of Accumulated Other Comprehensive Inc (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
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, tax	$ 6,282	$ 6,282

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 26, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock appreciation rights classification modification		$ 1,738			$ 1,738
Stock-based compensation recognized		(100)		$ (2,754)	$ (191)	$ 1,490
Grant date fair value					$ 2.74
Risk-free rate					3.65%
Volatility rate					69.81%
Expected Life					10 years
2022 Long Term Incentive Plan | The FreightCar America, Inc [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award contractual term	10 years
Stock appreciation award vesting rights	Vesting of the Inducement Options is contingent on the achievement of the later of (i) the first date the closing price of one share of the Company’s Common Stock is equal to or greater than 125% of the exercise price; and (ii) the vesting of one-third of the options per year for three consecutive years after, and on each anniversary of, the Grant Date.
Exercise price	$ 2.73
Granted	300,000
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unearned compensation related to options		1,822			$ 1,822
Remaining requisite service period					22 months
Cash Settled Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Remaining requisite service period					6 months
Unearned compensation		167			$ 167
Time-Vested Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unearned compensation related to options		1,664			$ 1,664
Remaining service period					25 months
Stock Appreciation Rights (SARs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Allocated share based compensation expense (income)		$ (636)		(2,951)	$ (1,219)	808
Estimated fair value				$ 3,212		$ 3,212
Stock appreciation award vesting rights					Vesting of the 2021 cash settled stock appreciation rights was contingent upon the achievement of a thirty-day trailing average fair market value of a share of Common Stock of 133.3% ($3.17)
Exercise price			$ 2.38
Stock Appreciation Rights (SARs) [Member] | 2020 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award Vesting Period					3 years
Award contractual term					10 years
Stock Appreciation Rights (SARs) [Member] | 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award Vesting Period					3 years
Award contractual term					10 years
Certain Employees [Member] | Stock Appreciation Rights (SARs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (shares)							1,735,500
Granted								1,164,464

Stock-Based Compensation (Valua

Stock-Based Compensation (Valuation Assumptions) (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected Life	10 years
Expected Volatility	69.81%
Risk Free Interest Rate	3.65%
Stock Appreciation Rights (SARs) [Member] | 1/24/2020 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant Year	2020
Grant Date	Jan. 24, 2020
Expected Life	3 years 4 months 24 days
Expected Volatility	94.06%
Expected Dividend Yield	0%
Risk Free Interest Rate	3.66%
Fair Value Per Award	$ 2
Stock Appreciation Rights (SARs) [Member] | 11/30/2020 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant Year	2020
Grant Date	Nov. 30, 2020
Expected Life	4 years 1 month 6 days
Expected Volatility	89.29%
Expected Dividend Yield	0%
Risk Free Interest Rate	3.54%
Fair Value Per Award	$ 1.85
Stock Appreciation Rights (SARs) [Member] | 1/5/2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant Year	2021
Grant Date	Jan. 05, 2021
Expected Life	4 years 2 months 12 days
Expected Volatility	88.36%
Expected Dividend Yield	0%
Risk Free Interest Rate	3.52%
Fair Value Per Award	$ 1.89

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - Pension Benefits [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contributions to pension plan	$ 0	$ 0
Expected total contributions for current fiscal year	$ 0

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost) (Details) - Pension Benefits [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 151	$ 276	$ 302	$ 552
Expected return on plan assets	(86)	(617)	(167)	(1,234)
Amortization of unrecognized net income (loss)	36	83	77	167
Total net periodic benefit cost	$ 101	$ (258)	$ 212	$ (515)

Foreign Currency Forward Cont_2

Foreign Currency Forward Contracts (Additional Information) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Foreign Currency Transaction [Abstract]
Description of contracts term	The contracts have terms between one and 12 months and require the Company to exchange currencies at agreed-upon rates at each settlement date
Realized gain (loss), Foreign currency	$ 0

Earnings Per Share (Weighted Av

Earnings Per Share (Weighted Average Common Shares Outstanding) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net (loss) Income	$ (18,889)	$ 14,539	$ (23,926)	$ (11,308)
Accretion of financing fees	(57)	0	(57)	0
Accrued dividends on Series C Preferred Stock	(1,612)	0	(1,612)	0
Net Income (Loss) Available to Common Stockholders, Basic	(20,558)	14,539	(25,595)	(11,308)
Net Income (Loss) Available to Common Stockholders, Diluted	$ (20,558)	$ 14,539	$ (25,595)	$ (11,308)
Weighted average common shares outstanding	16,974,593	15,919,436	16,883,946	15,799,456
Issuance of Warrants	11,139,232	8,580,348	10,668,351	8,194,871
Weighted average common shares outstanding - basic	28,113,825	24,499,784	27,552,297	23,994,327
Weighted average common shares outstanding - diluted	28,113,825	24,499,784	27,552,297	23,994,327

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Anti-dilutive common shares excluded from computation of earnings per share amount	5,893,935	1,759,997	5,865,863	1,727,421

Related Parties (Narrative) (De

Related Parties (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Related party asset	$ 1,308		$ 1,308		$ 3,261
Related party accounts payables	1,213		1,213		3,393
Other receivables	1,308		1,308		3,261
Cost of Revenue	75,641	$ 50,197	149,155	$ 133,375
Related party assets					3,261
Accounts and contractual payables	41,778		41,778		48,449
Accounts Payable, Current	41,778		$ 41,778		48,449
Fasemex [Member]
Related Party Transaction [Line Items]
Related party asset			10.80%
Related party asset	540		$ 540		1,247
Related party accounts payables	35		35		2,475
Other receivables	540		540		1,247
Prepaid inventory	768		768		2,014
Operating costs and expenses	2,506	4,447	6,594	16,656
Distribuciones Industrials [Member]
Related Party Transaction [Line Items]
Related party accounts payables	657		657		572
Distribuciones Industrials [Member] | Material And Safety Supplie[Member]
Related Party Transaction [Line Items]
Cost of Revenue	847	563	1,797	1,072
Maquinaria y equipo de transporte
Related Party Transaction [Line Items]
Related party accounts payables	521		521		$ 346
Maquinaria y equipo de transporte | Trucking Services [Member]
Related Party Transaction [Line Items]
Cost of Revenue	777	$ 812	$ 1,375	$ 1,412
Warrantholder
Related Party Transaction [Line Items]
Related party asset			47.40%
Interest Expanses	1,503		$ 4,776
Interest paid in cash			1,615
Interest paid in kind			3,161
Warrantholder | Standby Letters of Credit [Member]
Related Party Transaction [Line Items]
Equity fees	0		535
Cash fees	$ 0		$ 866

Income Taxes (Additional Inform

Income Taxes (Additional Information) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax [Line Items]
Effective income tax rate	(3.10%)	(10.20%)	(2.90%)	(20.20%)
Effective tax rate description			The effective tax rate for the second quarter of 2022 was lower than the 21% U.S. statutory tax rate primarily due to earnings from international jurisdictions and permanent differences and discrete events, predominantly Mexico, taxed at higher tax rates and a full valuation allowance in the U.S.	The effective tax rate for the second quarter of 2022 was lower than the 21% U.S. statutory tax rate primarily due to earnings from international jurisdictions and permanent differences and discrete events, predominantly Mexico, taxed at higher tax rates and a full valuation allowance in the U.S.
United States [Member]
Income Tax [Line Items]
Statutory tax rate			21%	21%