FreightCar America (RAIL) 10-Q 2 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 17, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Document Period End Date	Mar. 31, 2019
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001320854
Entity Registrant Name	FREIGHTCAR AMERICA, INC.
Entity Filer Category	Accelerated Filer
Trading Symbol	rail
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		12,596,142

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets
Cash, cash equivalents and restricted cash equivalents	$ 65,000	$ 45,070
Restricted certificates of deposit	1,668	4,952
Marketable securities	1,998	18,019
Accounts receivable, net of allowance for doubtful accounts of $108 and $91, respectively	9,290	18,218
Inventories, net	52,700	64,562
Other current assets	7,373	5,012
Total current assets	138,029	155,833
Property, plant and equipment, net	43,406	45,317
Railcars available for lease, net	64,370	64,755
Right of use asset	74,174
Goodwill	21,521	21,521
Other long-term assets	2,583	2,311
Total assets	344,083	289,737
Current liabilities
Accounts and contractual payables	30,586	34,749
Accrued payroll and other employee costs	1,998	1,639
Reserve for workers' compensation	3,527	3,344
Accrued warranty	11,045	9,309
Customer deposits	1,281	3,000
Deferred income state and local incentives, current	2,219	2,219
Deferred rent, current		6,466
Lease liability, current	16,840
Other current liabilities	1,325	1,324
Total current liabilities	68,821	62,050
Accrued pension costs	5,752	5,841
Accrued postretirement benefits, less current portion	4,907	4,975
Deferred income state and local incentives, long-term	6,387	6,941
Deferred rent, long-term		15,519
Lease liability, long-term	77,281
Accrued taxes and other long-term liabilities	476	801
Total liabilities	163,624	96,127
Stockholders' equity
Preferred stock, $0.01 par value, 2,500,000 shares authorized (100,000 shares each designated as Series A voting and Series B non-voting, 0 shares issued and outstanding at March 31, 2019 and December 31, 2018)
Common stock, $0.01 par value, 50,000,000 shares authorized, 12,731,678 shares issued at March 31, 2019 and December 31, 2018	127	127
Additional paid in capital	86,074	90,593
Treasury stock, at cost, 135,286 and 272,030 shares at March 31, 2019 and December 31, 2018, respectively	(4,572)	(9,721)
Accumulated other comprehensive loss	(8,145)	(8,188)
Retained earnings	106,975	120,799
Total stockholders' equity	180,459	193,610
Total liabilities and stockholders' equity	$ 344,083	$ 289,737

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 108	$ 91
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,500,000	2,500,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,731,678	12,731,678
Treasury stock, shares at cost	135,286	272,030
Series A Preferred Stock [Member]
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Consolidated Statements of Operations [Abstract]
Revenues	$ 70,708	$ 82,973
Cost of sales	77,557	83,569
Gross loss	(6,849)	(596)
Selling, general and administrative expenses	7,667	7,996
Operating loss	(14,516)	(8,592)
Interest expense and deferred financing costs	(36)	(32)
Other income	319	381
Loss before income taxes	(14,233)	(8,243)
Income tax benefit	(201)	(1,839)
Net loss	$ (14,032)	$ (6,404)
Net loss per common share - basic	$ (1.12)	$ (0.51)
Net loss per common share - diluted	$ (1.12)	$ (0.51)
Weighted average common shares outstanding - basic	12,337,013	12,306,011
Weighted average common shares outstanding - diluted	12,337,013	12,306,011
Dividends declared per common share

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Consolidated Statements of Comprehensive Loss [Abstract]
Net loss	$ (14,032)	$ (6,404)
Other comprehensive (loss) income net of tax:
Pension liability adjustments, net of tax	137	88
Postretirement liability adjustments, net of tax	(94)	(52)
Other comprehensive (loss) income	43	36
Comprehensive loss	$ (13,989)	$ (6,368)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid In Capital [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2017	$ 127	$ 90,347	$ (12,555)	$ (7,567)	$ 161,380	$ 231,732
Balance (Shares) at Dec. 31, 2017	12,731,678		336,982
Net loss					(6,404)	(6,404)
Other comprehensive income (loss)				36		36
Restricted stock awards		(2,392)	$ 2,392
Restricted stock awards, shares			64,457
Employee stock settlement			$ (118)			(118)
Employee stock settlement, shares			(7,089)
Forfeiture of restricted stock awards		117	$ (117)
Forfeiture of restricted stock awards, shares			(7,991)
Stock-based compensation recognized		836				836
Balance at Mar. 31, 2018	$ 127	88,908	$ (10,398)	(7,531)	154,976	226,082
Balance (Shares) at Mar. 31, 2018	12,731,678		287,605
Cumulative effect of adoption of ASC 842					208	208
Balance at Dec. 31, 2018	$ 127	90,593	$ (9,721)	(8,188)	120,799	193,610
Balance (Shares) at Dec. 31, 2018	12,731,678		272,030
Net loss					(14,032)	(14,032)
Other comprehensive income (loss)				43		43
Restricted stock awards		(5,227)	$ 5,227
Restricted stock awards, shares			146,948
Employee stock settlement			$ (59)			(59)
Employee stock settlement, shares			(7,404)
Forfeiture of restricted stock awards		19	$ (19)
Forfeiture of restricted stock awards, shares			(2,800)
Stock-based compensation recognized		689				689
Balance at Mar. 31, 2019	$ 127	$ 86,074	$ (4,572)	$ (8,145)	$ 106,975	$ 180,459
Balance (Shares) at Mar. 31, 2019	12,731,678		135,286

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net loss	$ (14,032)	$ (6,404)
Adjustments to reconcile net loss to net cash flows provided by (used in) by operating activities:
Net proceeds from Shoals transaction		2,655
Depreciation and amortization	3,206	2,550
Amortization expense - right-of-use leased assets	3,202
Recognition of deferred income from state and local incentives	(554)	(555)
Deferred income taxes		(1,992)
Stock-based compensation recognized	689	836
Other non-cash items, net	(736)	273
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	8,928	(5,330)
Inventories	12,591	1,930
Inventories on lease		(9,186)
Other assets	(2,355)	(3,323)
Accounts and contractual payables	(4,516)	2,284
Accrued payroll and employee benefits	359	338
Income taxes receivable/payable	(200)	650
Accrued warranty	1,736	979
Lease Liability	(5,037)
Other liabilities	(1,460)	1,223
Accrued pension costs and accrued postretirement benefits	(114)	(418)
Net cash flows provided by (used in) operating activities	1,707	(13,490)
Cash flows from investing activities
Purchase of restricted certificates of deposit	(1,117)	(1,040)
Maturity of restricted certificates of deposit	4,400	1,308
Purchase of securities held to maturity	(1,986)	(41,244)
Proceeds from maturity of securities	18,025	32,005
Purchase of property, plant and equipment	(760)	(182)
Proceeds from sale of property, plant and equipment and railcars available for lease		228
Net cash flows provided by (used in) investing activities	18,562	(8,925)
Cash flows from financing activities
Employee stock settlement	(59)	(118)
Deferred financing costs	(280)
Net cash flows used in financing activities	(339)	(118)
Net increase (decrease) in cash and cash equivalents	19,930	(22,533)
Cash, cash equivalents and restricted cash equivalents at beginning of period	45,070	87,788
Cash, cash equivalents and restricted cash equivalents at end of period	65,000	65,255
Supplemental cash flow information
Interest paid	15	18
Income tax refunds received		487
Income taxes paid

Description of the Business

Description of the Business	3 Months Ended
	Mar. 31, 2019
Description of the Business [Abstract]
Description of the Business	Note 1 – Description of the Business  FreightCar America, Inc. (“FreightCar”) operates primarily in North America through its direct and indirect subsidiaries, JAC Operations, Inc., Johnstown America, LLC, Freight Car Services, Inc., JAIX Leasing Company (“JAIX”), FreightCar Roanoke, LLC, FreightCar Mauritius Ltd. (“Mauritius”), FreightCar Rail Services, LLC (“FCRS”), FreightCar Short Line, Inc. (“FCSL”), FreightCar Alabama, LLC and FreightCar (Shanghai) Trading Co., Ltd. (herein collectively referred to as the “Company”), and manufactures a wide range of railroad freight cars, supplies railcar parts and leases freight cars. The Company designs and builds high-quality railcars, including coal cars, bulk commodity cars, covered hopper cars, intermodal and non-intermodal flat cars, mill gondola cars, coil steel cars and boxcars. The Company is headquartered in Chicago, Illinois and has facilities in the following locations: Cherokee, Alabama; Grand Island, Nebraska; Johnstown, Pennsylvania; Roanoke, Virginia; and Shanghai, People’s Republic of China. The Company and its direct and indirect subsidiaries are all Delaware corporations or Delaware limited liability companies except Mauritius, which is incorporated in Mauritius, and FreightCar (Shanghai) Trading Co., Ltd., which is organized in the People’s Republic of China. The Company’s direct and indirect subsidiaries are all wholly owned.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Basis of Presentation [Abstract]
Basis of Presentation	Note 2 – Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of FreightCar America, Inc. and subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The foregoing financial information has been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) and rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial reporting. The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the full year. The accompanying interim financial information is unaudited; however, the Company believes the financial information reflects all adjustments (consisting of items of a normal recurring nature) necessary for a fair presentation of financial position, results of operations and cash flows in conformity with GAAP. The 2018 year-end balance sheet data was derived from the audited financial statements as of December 31, 2018. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted. These interim financial statements should be read in conjunction with the audited financial statements contained in the Company’s annual report on Form 10-K for the year ended December 31, 2018.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Note 3 – Recent Accounting Pronouncements  In August 2018, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2018-15, Intangibles – Goodwill and Other – Internal-Use Software , which requires capitalization of certain implementation costs incurred in a cloud computing arrangement that is a service contract. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact of this standard on its consolidated financial statements and related disclosures.  In August 2018, the FASB issued ASU 2018-14, Compensation – Retirement Benefits – Defined Benefit Plans – General , which modifies the disclosure requirements for defined benefit and other postretirement plans. ASU 2018-14 eliminates certain disclosures related to accumulated other comprehensive income, plan assets, related parties and the effects of interest rate basis point changes on assumed health care costs, and adds disclosures to address significant gains and losses related to changes in benefit obligations. ASU 2018-14 also clarifies disclosure requirements for projected benefit and accumulated benefit obligations. ASU 2018-14 is effective for fiscal years ending after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. Adoption on a retrospective basis for all periods presented is required. The Company is currently assessing the impact of this standard on its consolidated financial statements and related disclosures.  In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which permits entities to reclassify tax effects stranded in accumulated other comprehensive income as a result of the recent U.S. tax reform to retained earnings. Companies that elect to reclassify these amounts must reclassify stranded tax effects for all items accounted for in accumulated other comprehensive income. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company did not elect to reclassify tax effects stranded in accumulated other comprehensive income as a result of the recent U.S. tax reform to retained earnings.  In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Topic 350 currently requires an entity to perform a two-step test to determine the amount, if any, of goodwill impairment. The amendment in ASU 2017-04 removes the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. This standard is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 and early adoption is permitted. The Company is currently assessing the impact of this standard on its consolidated financial statements and related disclosures.  In February 2016, the FASB issued ASU 2016-02, as amended, Leases (Topic 842), which requires a lessee to record a right-of-use asset and a lease liability for all leases with a term greater than twelve months regardless of whether the lease is classified as an operating lease or a financing lease. The Company adopted ASU 2016-02 effective January 1, 2019. See Note 4 – Leases for the impact on the financial statements and related disclosures from the adoption of this standard. 

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Note 4 – Leases  Effective January 1, 2019, the Company adopted ASU 2016-02, as amended, Leases (Topic 842) using the modified retrospective method of applying the new standard at the adoption date. In addition, the Company has elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, does not require reassessment of prior conclusions related to contracts containing a lease, lease classification, and initial direct lease costs. Adoption of this standard resulted in the recording of net operating lease right-of-use (ROU) assets of $45,727 and corresponding operating lease liabilities of $67,508 as of January 1, 2019. The condensed consolidated balance sheets for reporting periods beginning on or after January 1, 2019 are presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with ASC Topic 840, Leases.  The Company determines if an arrangement is a lease at inception of a contract. Substantially all of the Company’s leases are operating leases. A significant portion of the Company’s operating lease portfolio includes manufacturing sites, component warehouses and corporate offices. The remaining lease terms on the majority of the Company’s leases is between 2.5 to 8 years, some of which include options to extend the lease terms. Leases with initial term of 12 months or less are not recorded on the condensed consolidated balance sheet. Operating lease ROU assets are presented within long term assets, the current portion of operating lease liabilities is presented within current liabilities and the non-current portion of operating lease liabilities are presented within long term liabilities on the consolidated condensed consolidated balance sheet.  ROU assets represent the Company’s right to use an underlying asset during the lease term and the lease liabilities represent the Company’s obligation to make the lease payments arising during the lease. ROU assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company’s ROU assets have been reduced by the remaining unamortized lease incentive that the Company received on February 28, 2018 from Navistar, Inc in exchange for the Company assuming all of the remaining contractual lease obligations for the Shoals facility. The Company’s lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. As most of the Company’s operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term. The components of the lease costs were as follows:     Three Months Ended March 31, 2019  Operating lease costs:  Fixed $ 3,534  Variable -  Short-term 183  Total lease cost $ 3,717      Supplemental balance sheet information related to leases were as follows:  March 31, 2019  Operating leases:  Right of use assets $ 74,174   Lease liabilities:  Lease liability, current $ 16,840  Lease liability, long-term 77,281  Total operating lease liabilities $ 94,121      Supplemental cash flow information is as follows:  Three Months Ended March 31, 2019  Cash paid for amounts included in the measurement of lease liabilities:  Operating cash flows from operating leases $ 5,366  Total $ 5,366   Right of use assets obtained in exchange for new lease obligations:  Operating leases $ 32,079  Total $ 32,079     The aggregate future lease payments for operating leases as of March 31, 2019 are as follows  Operating leases  2019 (Excluding the three months ending March 31, 2019) $ 15,593  2020 20,326  2021 20,032  2022 12,869  2023 11,817  Thereafter 27,313  Total lease payments 107,949  Less: interest (13,828)  Total $ 94,121      The aggregate future lease payments for operating leases as of December 31, 2018 were as follows  Operating leases  2019 $ 20,295  2020 20,595  2021 20,424  2022 4,873  2023 3,820  Thereafter 3,024  Total $ 73,031     Weighted-average remaining lease term (years)  Operating leases 8.1  Weighted-average discount rate  Operating leases 4.5% On February 26, 2019, the Company entered into an Amendment to its lease of the Shoals, Alabama manufacturing facility to extend the initial term thereof from December 31, 2021 to December 31, 2026, with two five -year extension terms thereafter through December 31, 2031 and December 31, 2036, at the Company’s option. In addition, the Company will vacate up to 40% of the manufacturing facility on or before December 31, 2021 with the base rent payable to the Landlord reduced on proportional basis. The Company has accounted for the amendment as a modification of the lease, resulting in a non-cash increase to lease liability and right of use asset of $32,079 . The company concluded that the initial term through December 31, 2026 would be included in the measurement of lease liabilities as of March 31, 2019. The Company has concluded that the options for extensions beyond that date are not reasonably certain of exercise, and have been excluded from the measurement of lease liabilities.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue Recognition [Abstract]
Revenue Recognition	Note 5 – Revenue Recognition  The following table disaggregates the Company’s revenues by major source:      Three months ended  March 31,  2019 2018   Railcar sales $ 65,944 $ 79,079  Parts sales 3,064 3,212  Other sales 19 56  Revenues from contracts with customers 69,027 82,347  Leasing revenues 1,681 626  Total revenues $ 70,708 $ 82,973  Contract Balances and Accounts Receivable  Contract assets represent the Company’s rights to consideration for performance obligations that have been satisfied but for which the terms of the contract do not permit billing at the reporting date. The Company has no contract assets as of March 31, 2019. The Company may receive cash payments from customers in advance of the Company satisfying performance obligations under its sales contracts resulting in deferred revenue or customer deposits, which are considered contract liabilities. Deferred revenue and customer deposits are classified as either current or long-term in the Condensed Consolidated Balance Sheet based on the timing of when the Company expects to recognize the related revenue. Deferred revenue and customer deposits included in customer deposits, other current liabilities and other long-term liabilities in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2019 were not material.  Performance Obligations  The Company is electing not to disclose the value of the remaining unsatisfied performance obligation with a duration of one year or less as permitted by the practical expedient in ASU 2014-09, Revenue from Contracts with Customers. The Company had no material remaining unsatisfied performance obligations as of March 31, 2019 with expected duration of greater than one year.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Information [Abstract]
Segment Information	Note 6 – Segment Information     The Company’s operations comprise two operating segments, Manufacturing and Parts, and one reportable segment, Manufacturing. The Company’s Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds. The Company’s Parts operating segment is not significant for reporting purposes and has been combined with corporate and other non-operating activities as Corporate and Other.  Segment operating income is an internal performance measure used by the Company’s Chief Operating Decision Maker to assess the performance of each segment in a given period. Segment operating income includes all external revenues attributable to the segments as well as operating costs and income that management believes are directly attributable to the current production of goods and services. The Company’s management reporting package does not include interest revenue, interest expense or income taxes allocated to individual segments and these items are not considered as a component of segment operating income. Segment assets represent operating assets and exclude intersegment accounts, deferred tax assets and income tax receivables. The Company does not allocate cash and cash equivalents and restricted cash and restricted cash equivalents to its operating segments as the Company’s treasury function is managed at the corporate level. Intersegment revenues were not material in any period presented .     Three months ended  March 31,  2019 2018  Revenues:  Manufacturing $ 67,595 $ 79,733  Corporate and Other 3,113 3,240  Consolidated Revenues $ 70,708 $ 82,973  Operating (Loss) Income:  Manufacturing $ (9,637) $ (3,816)  Corporate and Other (4,879) (4,776)  Consolidated Operating (Loss) Income (14,516) (8,592)  Consolidated interest expense and deferred financing costs (36) (32)  Consolidated other income 319 381  Consolidated (Loss) Income Before Income Taxes $ (14,233) $ (8,243)  Depreciation and Amortization:  Manufacturing $ 3,013 $ 2,484  Corporate and Other 184 66  Consolidated Depreciation and Amortization $ 3,197 $ 2,550  Capital Expenditures:  Manufacturing (1) $ 535 $ 141  Corporate and Other 225 41  Consolidated Capital Expenditures $ 760 $ 182   (1) Excluding assets of $17.2 million acquired as part of a business acquisition on February 28, 2018.       March 31, December 31,  2019 2018  Assets:  Manufacturing $ 257,040 $ 208,663  Corporate and Other 84,989 79,028  Total Operating Assets 342,029 287,691  Consolidated income taxes receivable 2,054 2,046  Consolidated Assets $ 344,083 $ 289,737          

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 7 – Fair Value Measurements  The following table sets forth by level within the fair value hierarchy the Company’s financial assets that were recorded at fair value on a recurring basis and the Company’s non-financial assets that were recorded at fair value on a non-recurring basis.      Recurring Fair Value Measurements As of March 31, 2019  Level 1 Level 2 Level 3 Total  ASSETS:  Cash equivalents $ 33,315 $ - $ - $ 33,315  Restricted certificates of deposit $ 5,028 $ - $ - $ 5,028  Escrow receivable $ - $ - $ 930 $ 930      Recurring Fair Value Measurements As of December 31, 2018  Level 1 Level 2 Level 3 Total  ASSETS:  Cash equivalents $ 17,012 $ - $ - $ 17,012  Restricted certificates of deposit $ 4,952 $ - $ - $ 4,952  Escrow receivable $ - $ - $ 930 $ 930     The sale of the Company’s railcar repair and maintenance services business on September 30, 2015 resulted in $1,960 of the aggregate purchase price being placed into escrow in order to secure the indemnification obligations of FCRS and FCSL. The fair market value of the remaining escrow receivable above represents the escrow balance of $980 as of each of March 31, 2019 and December 31, 2018, net of the fair value of the indemnification obligations, which was estimated using the discounted probability-weighted cash flow method .

Marketable Securities

Marketable Securities	3 Months Ended
	Mar. 31, 2019
Marketable Securities [Abstract]
Marketable Securities	Note 8 – Marketable Securities  The Company’s current investment policy is to invest in cash, certificates of deposit, U.S. Treasury securities, U.S. government agency obligations and money market funds invested in U.S. government securities. Marketable securities of $1,998 and $18,019 as of March 31, 2019 and December 31, 2018, respectively, consisted of U.S. Treasury securities held to maturity and certificates of deposit with original maturities of greater than 90 days and up to one year. Due to the short-term nature of these securities and their low interest rates, there is no material difference between their fair market values and amortized costs.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2019
Inventories [Abstract]
Inventories	Note 9 – Inventories  Inventories, net of reserve for excess and obsolete items, consist of the following:      March 31, December 31,  2019 2018   Work in process $ 48,281 $ 60,112  Finished new railcars - -  Parts inventory 4,419 4,450  Total inventories, net $ 52,700 $ 64,562  Inventory on the Company’s Condensed Consolidated Balance Sheets includes reserves of $6,083 and $6,812 relating to excess or slow-moving inventory for parts and work in process at March 31, 2019 and December 31, 2018, respectively.

Revolving Credit Facility

Revolving Credit Facility	3 Months Ended
	Mar. 31, 2019
Revolving Credit Facility [Abstract]
Revolving Credit Facility	Note 10 – Revolving Credit Facility On June 13, 2016, the Company amended the credit agreement, dated as of July 26, 2013 (as so amended, the “Credit Agreement”), by and among FreightCar and certain of its subsidiaries, as borrowers and guarantors (together, the “Borrowers”), and Bank of America, N.A., as lender, administrative agent, swingline lender and letter of credit issuer (the “Bank”) to, among other things, extend the term of the Credit Agreement to July 26, 2019 . As of March 31, 2019 and December 31, 2018, the Company had no borrowings under the $50,000 senior secured revolving credit facility (the “Revolving Credit Facility”) provided under the Credit Agreement. As of March 31, 2019 and December 31, 2018, the Company had $4,789 and $4,924 , respectively in outstanding letters of credit under the Revolving Credit Facility. On April 12, 2019, the Credit Agreement was terminated and replaced by a new credit agreement. See Note 16 – Subsequent Events.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	 Note 11 – Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) consist of the following:          Pre-Tax Tax After-Tax  Three months ended March 31, 2019  Pension liability activity:  Reclassification adjustment for amortization of net loss (pre-tax other income (expense)) $ 137 $ - $ 137  Postretirement liability activity:  Reclassification adjustment for amortization of net gain (pre-tax other income (expense)) (97) - (97)  Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense)) 3 - 3  $ 43 $ - $ 43                Pre-Tax Tax After-Tax  Three months ended March 31, 2018  Pension liability activity:  Reclassification adjustment for amortization of net loss (pre-tax other income (expense)) $ 113 $ 25 $ 88  Postretirement liability activity:  Reclassification adjustment for amortization of net gain (pre-tax other income (expense)) (70) (15) (55)  Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense)) 4 1 3  $ 47 $ 11 $ 36   The components of accumulated other comprehensive loss consist of the following:     March 31, December 31,  2019 2018  Unrecognized pension cost, net of tax of $6,282 and $6,282 $ (10,167) $ (10,304)  Unrecognized postretirement income, net of tax of $527 and $527 2,022 2,116  $ (8,145) $ (8,188)       

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 12 – Stock-Based Compensation Total stock-based compensation was $689 and $836 for the three months ended March 31, 2019 and 2018, respectively. As of March 31, 2019, there was $1,760 of unearned compensation expense related to restricted stock awards, which will be recognized over the remaining weighed average service period of 27 months. As of March 31, 2019, there was $651 of unearned compensation related to performance stock options, which will be recognized over the remaining weighted average derived service period of 10 months. As of March 31, 2019, there was $1,066 of unearned compensation related to time-vested stock options, which will be recognized over the remaining service period of 29 months.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2019
Employee Benefit Plans [Abstract]
Employee Benefit Plans	Note 13 – Employee Benefit Plans  The Company has a qualified, defined benefit pension plan that was established to provide benefits to certain employees. The plan is frozen and participants are no longer accruing benefits. Generally, contributions to the plan are not less than the minimum amounts required under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and not more than the maximum amount that can be deducted for federal income tax purposes. The plan assets are held by an independent trustee and consist primarily of equity and fixed income securities.  The Company also provides certain postretirement health care benefits for certain of its salaried retired employees. Generally, employees may become eligible for health care benefits if they retire after attaining specified age and service requirements. These benefits are subject to deductibles, co-payment provisions and other limitations.  The components of net periodic benefit cost (benefit) for the three months ended March 31, 2019 and 2018, are as follows:         Three Months Ended  March 31,  Pension Benefits 2019 2018  Interest cost $ 466 $ 427  Expected return on plan assets (555) (711)  Amortization of unrecognized net loss 137 113  $ 48 $ (171)      Three Months Ended  March 31,  Postretirement Benefit Plan 2019 2018  Service cost $ 5 $ 8  Interest cost 45 45  Amortization of prior service cost 4 4  Amortization of unrecognized net (gain) loss (97) (70)  $ (43) $ (13)       The Company made no contributions to the Company’s defined benefit pension plan for each of the three months ended March 31, 2019 and 2018. The Company expects to make no contributions to its pension plan in 2019.  The Company made contributions to the Company’s postretirement benefit plan for salaried retirees of $118 and $225 for the three months ended March 31, 2019 and 2018, respectively. The Company expects to make $472 in contributions (including contributions already made) to its postretirement benefit plan in 2019 for salaried retirees.  The Company also maintains qualified defined contribution plans, which provide benefits to employees based on employee contributions, employee earnings or certain subsidiary earnings, with discretionary contributions allowed. Expenses related to these plans were $371 and $430 for the three months ended March 31, 2019 and 2018, respectively.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2019
Contingencies [Abstract]
Contingencies	Note 14 – Contingencies  The Company is involved in various warranty and repair claims and, in certain cases, related pending and threatened legal proceedings with its customers in the normal course of business. In the opinion of management, the Company’s potential losses in excess of the accrued warranty and legal provisions, if any, are not expected to be material to the Company’s consolidated financial condition, results of operations or cash flows.  The Company received cash payments of $15,733 and $1,410 during 2015 and 2017, respectively, for Alabama state and local incentives related to its capital investment and employment levels at its Cherokee, Alabama (“Shoals”) facility. Under the incentive agreements a certain portion of the incentives may be repayable by the Company if targeted levels of employment are not maintained for a period of up to six years from the date of the incentive. The Company’s level of employment at its Shoals facility currently exceeds the minimum targeted levels of employment. In the event that employment levels drop below the minimum targeted levels of employment and any portion of the incentives is required to be paid back, the amount is unlikely to exceed the deferred liability balance of $8,606 as of March 31, 2019.  In addition to the foregoing, the Company is involved in certain other pending and threatened legal proceedings, including commercial disputes and workers’ compensation and employee matters arising out of the conduct of its business. While the ultimate outcome of these other legal proceedings cannot be determined at this time, it is the opinion of management that the resolution of these other actions will not have a material adverse effect on the Company’s financial condition, results of operations or cash flows. 

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 15 – Earnings Per Share  Shares used in the computation of the Company’s basic and diluted earnings per common share are reconciled as follows:      Three Months Ended March 31,  2019 2018   Weighted average common shares outstanding 12,337,013 12,306,011  Dilutive effect of employee stock options and nonvested share awards - -  Weighted average diluted common shares outstanding 12,337,013 12,306,011         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 March 31, 2019 and 2018, 628,912 and 355,631 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 16 – Subsequent Events  BMO Credit Agreement  On April 12, 2019, the Company entered into a Credit and Security Agreement (the “BMO Credit Agreement”) by and among the Company and certain of its subsidiaries, as borrowers and guarantors (together with the Company, the “Borrowers”), and BMO Harris Bank N.A., as lender (“BMO”). Pursuant to the BMO Credit Agreement, BMO extended an asset backed credit facility, in the maximum aggregate principal amount of up to $50,000 , consisting of revolving loans and a sub-facility for letters of credit not to exceed the lesser of $10,000 and the amount of the revolving credit facility.  The BMO Credit Agreement replaces the Company’s prior revolving credit facility pursuant to a Credit Agreement dated as of July 26, 2013, among the Company and certain of its subsidiaries, as borrowers and guarantors, Bank of America, N.A., as administrative agent, swingline lender and letter of credit issuer, and the lenders party thereto, as amended from time to time, which was terminated effective April 12, 2019 and otherwise would have matured on July 26, 2019.  The BMO Credit Agreement has a term ending on April 12, 2024. Revolving loans outstanding thereunder will bear interest, at Borrowers’ option and subject to the provisions of the BMO Credit Agreement, at Base Rate (as defined in the BMO Credit Agreement) or LIBOR Rate (as defined in the BMO Credit Agreement) plus the Applicable Margin for each such interest rate set forth in the BMO Credit Agreement.  The BMO Credit Agreement provides for a revolving credit facility with maximum availability of $42,500 , subject to borrowing base requirements set forth in the BMO Credit Agreement, which generally limit availability under the revolving credit facility to (a) 85% of the value of eligible assets, (b) 90% of the value of eligible accounts supported by credit insurance or letters of credit acceptable to BMO, and (c) up to the lesser of (i) 85% of the net orderly liquidation value of eligible inventory, (ii) 75% of the cost of eligible inventory and (iii) $30,000 and as reduced by the greater of $7,500 and 15% of the revolving credit facility and other reserves established by BMO from time to time.  The BMO Credit Agreement has both affirmative and negative covenants, including, without limitation, limitations on indebtedness, liens and investments. The BMO Credit Agreement also provides for customary events of default. Borrowings under the BMO Credit Agreement are collateralized by substantially all of the Borrowers’ assets.  M&T Credit Agreement  On April 16, 2019, Freightcar America Leasing 1, LLC, an indirect wholly-owned subsidiary of the Company (“Freightcar Leasing Borrower”) entered into a Credit Agreement (the “M&T Credit Agreement”) with M & T Bank, N.A., as lender (“M&T”). Pursuant to the M&T Credit Agreement, M&T extended a revolving credit facility to Freightcar Leasing Borrower in an aggregate amount of up to $40,000 for the purpose of financing railcars which will be leased to third parties.  Freightcar Leasing Borrower also entered into a Security Agreement on April 16, 2019 (the “M&T Security Agreement) pursuant to which it granted a security interest in all of its assets to M&T to secure its obligations under the M&T Credit Agreement.  On April 16 , 2019, Freightcar America Leasing, LLC, a wholly-owned subsidiary of the Company and parent of Freightcar Leasing Borrower (“Freightcar Leasing Guarantor”), entered into (i) a Guaranty Agreement (the “M&T Guaranty Agreement”) pursuant to which Freightcar Leasing Guarantor guaranties the repayment and performance of certain obligations of Freightcar Leasing Borrower and Freightcar Leasing Guarantor and (ii) a Pledge Agreement (the “M&T Pledge Agreement”) pursuant to which Freightcar Leasing Guarantor pledged all of the equity of Freightcar Leasing Borrow er held by Freightcar Leasing Guarantor.  The loans under the M&T Credit Agreement are non-recourse to the assets of the Company or its subsidiaries other than the assets of Freightcar Leasing Borrower and Freightcar Leasing Guarantor.  The M&T Credit Agreement has a term ending on April 16 , 2021. Loans outstanding thereunder will bear interest, accrued daily, at the Adjusted LIBOR Rate (as defined in the M&T Credit Agreement) or the Adjusted Base Rate (as defined in the M&T Credit Agreement).  The M&T Credit Agreement has both affirmative and negative covenants, including, without limitation, maintaining an Interest Coverage Ratio (as defined in the M&T Credit Agreement) of not less than 1.25:1 .00, measured quarterly , and limitations on indebtedness, loans, liens and investments. The M&T Credit Agreement also provides for customary events of default. 

Basis of Presentation (Policy)

Basis of Presentation (Policy)	3 Months Ended
	Mar. 31, 2019
Basis of Presentation [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements include the accounts of FreightCar America, Inc. and subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The foregoing financial information has been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) and rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial reporting. The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the full year. The accompanying interim financial information is unaudited; however, the Company believes the financial information reflects all adjustments (consisting of items of a normal recurring nature) necessary for a fair presentation of financial position, results of operations and cash flows in conformity with GAAP. The 2018 year-end balance sheet data was derived from the audited financial statements as of December 31, 2018. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted. These interim financial statements should be read in conjunction with the audited financial statements contained in the Company’s annual report on Form 10-K for the year ended December 31, 2018.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Components of Lease Cost	  Three Months Ended March 31, 2019  Operating lease costs:  Fixed $ 3,534  Variable -  Short-term 183  Total lease cost $ 3,717 
Supplemental Balance Sheet Information	  Supplemental balance sheet information related to leases were as follows:  March 31, 2019  Operating leases:  Right of use assets $ 74,174   Lease liabilities:  Lease liability, current $ 16,840  Lease liability, long-term 77,281  Total operating lease liabilities $ 94,121 
Supplemental Cash Flow Information	  Supplemental cash flow information is as follows:  Three Months Ended March 31, 2019  Cash paid for amounts included in the measurement of lease liabilities:  Operating cash flows from operating leases $ 5,366  Total $ 5,366   Right of use assets obtained in exchange for new lease obligations:  Operating leases $ 32,079  Total $ 32,079 
Aggregate Future Operating Lease Payments	   The aggregate future lease payments for operating leases as of March 31, 2019 are as follows  Operating leases  2019 (Excluding the three months ending March 31, 2019) $ 15,593  2020 20,326  2021 20,032  2022 12,869  2023 11,817  Thereafter 27,313  Total lease payments 107,949  Less: interest (13,828)  Total $ 94,121      The aggregate future lease payments for operating leases as of December 31, 2018 were as follows  Operating leases  2019 $ 20,295  2020 20,595  2021 20,424  2022 4,873  2023 3,820  Thereafter 3,024  Total $ 73,031 
Operating Lease Information	  Weighted-average remaining lease term (years)  Operating leases 8.1  Weighted-average discount rate  Operating leases 4.5% 

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue Recognition [Abstract]
Schedule of Revenue Recognition	   Three months ended  March 31,  2019 2018   Railcar sales $ 65,944 $ 79,079  Parts sales 3,064 3,212  Other sales 19 56  Revenues from contracts with customers 69,027 82,347  Leasing revenues 1,681 626  Total revenues $ 70,708 $ 82,973 

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment	   Three months ended  March 31,  2019 2018  Revenues:  Manufacturing $ 67,595 $ 79,733  Corporate and Other 3,113 3,240  Consolidated Revenues $ 70,708 $ 82,973  Operating (Loss) Income:  Manufacturing $ (9,637) $ (3,816)  Corporate and Other (4,879) (4,776)  Consolidated Operating (Loss) Income (14,516) (8,592)  Consolidated interest expense and deferred financing costs (36) (32)  Consolidated other income 319 381  Consolidated (Loss) Income Before Income Taxes $ (14,233) $ (8,243)  Depreciation and Amortization:  Manufacturing $ 3,013 $ 2,484  Corporate and Other 184 66  Consolidated Depreciation and Amortization $ 3,197 $ 2,550  Capital Expenditures:  Manufacturing (1) $ 535 $ 141  Corporate and Other 225 41  Consolidated Capital Expenditures $ 760 $ 182   (1) Excluding assets of $17.2 million acquired as part of a business acquisition on February 28, 2018. 
Reconciliation of Assets From Segment to Consolidated	   March 31, December 31,  2019 2018  Assets:  Manufacturing $ 257,040 $ 208,663  Corporate and Other 84,989 79,028  Total Operating Assets 342,029 287,691  Consolidated income taxes receivable 2,054 2,046  Consolidated Assets $ 344,083 $ 289,737 

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Measurements [Abstract]
Fair Value, Assets Measured on Recurring Basis and Non-Recurring Basis	     Recurring Fair Value Measurements As of March 31, 2019  Level 1 Level 2 Level 3 Total  ASSETS:  Cash equivalents $ 33,315 $ - $ - $ 33,315  Restricted certificates of deposit $ 5,028 $ - $ - $ 5,028  Escrow receivable $ - $ - $ 930 $ 930      Recurring Fair Value Measurements As of December 31, 2018  Level 1 Level 2 Level 3 Total  ASSETS:  Cash equivalents $ 17,012 $ - $ - $ 17,012  Restricted certificates of deposit $ 4,952 $ - $ - $ 4,952  Escrow receivable $ - $ - $ 930 $ 930  

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2019
Inventories [Abstract]
Schedule of Inventory Current	   March 31, December 31,  2019 2018   Work in process $ 48,281 $ 60,112  Finished new railcars - -  Parts inventory 4,419 4,450  Total inventories, net $ 52,700 $ 64,562 

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	          Pre-Tax Tax After-Tax  Three months ended March 31, 2019  Pension liability activity:  Reclassification adjustment for amortization of net loss (pre-tax other income (expense)) $ 137 $ - $ 137  Postretirement liability activity:  Reclassification adjustment for amortization of net gain (pre-tax other income (expense)) (97) - (97)  Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense)) 3 - 3  $ 43 $ - $ 43                Pre-Tax Tax After-Tax  Three months ended March 31, 2018  Pension liability activity:  Reclassification adjustment for amortization of net loss (pre-tax other income (expense)) $ 113 $ 25 $ 88  Postretirement liability activity:  Reclassification adjustment for amortization of net gain (pre-tax other income (expense)) (70) (15) (55)  Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense)) 4 1 3  $ 47 $ 11 $ 36  
Components of Accumulated Other Comprehensive Income (Loss)	  March 31, December 31,  2019 2018  Unrecognized pension cost, net of tax of $6,282 and $6,282 $ (10,167) $ (10,304)  Unrecognized postretirement income, net of tax of $527 and $527 2,022 2,116  $ (8,145) $ (8,188) 

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2019
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Components of Net Periodic Benefit Cost	   Three Months Ended  March 31,  Pension Benefits 2019 2018  Interest cost $ 466 $ 427  Expected return on plan assets (555) (711)  Amortization of unrecognized net loss 137 113  $ 48 $ (171) 
Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Components of Net Periodic Benefit Cost	   Three Months Ended  March 31,  Postretirement Benefit Plan 2019 2018  Service cost $ 5 $ 8  Interest cost 45 45  Amortization of prior service cost 4 4  Amortization of unrecognized net (gain) loss (97) (70)  $ (43) $ (13) 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	   Three Months Ended March 31,  2019 2018   Weighted average common shares outstanding 12,337,013 12,306,011  Dilutive effect of employee stock options and nonvested share awards - -  Weighted average diluted common shares outstanding 12,337,013 12,306,011 

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Dec. 31, 2021	Mar. 31, 2019	Dec. 31, 2018
Leases [Line Items]
Right of use asset		$ 74,174
Operating lease liabilities		$ 94,121
Extension term		5 years
Increase in liability		$ 32,079
Accounting Standards Update 2016-02 [Member]
Leases [Line Items]
Right of use asset			$ 45,727
Operating lease liabilities			$ 67,508
Minimum [Member]
Leases [Line Items]
Lease term		2 years 6 months
Maximum [Member]
Leases [Line Items]
Lease term		8 years
Scenario, Forecast [Member]
Leases [Line Items]
Change in leased area	40.00%

Leases (Components of Lease Cos

Leases (Components of Lease Cost) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Fixed	$ 3,534
Fixed
Short-term	183
Total Lease Cost	$ 3,717

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
Right of use asset	$ 74,174
Lease liability, current	16,840
Lease liability, long-term	77,281
Total operating lease liabilities	$ 94,121

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities:	$ 5,366
Right of use assets obtained in exchange for new lease obligations:	$ 32,079

Leases (Aggregate Future Operat

Leases (Aggregate Future Operating Lease Payments) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
2019	$ 15,593	$ 20,295
2020	20,326	20,595
2021	20,032	20,424
2022	12,869	4,873
2023	11,817	3,820
Thereafter	27,313	3,024
Total lease payments	107,949	$ 73,031
Less: Interest	(13,828)
Total	$ 94,121

Leases (Operating Lease Informa

Leases (Operating Lease Information) (Details)	Mar. 31, 2019
Leases [Abstract]
Weighted-average remaining lease term (years)	8 years 1 month 6 days
Weighted-average discount rate	4.50%

Revenue Recognition (Details)

Revenue Recognition (Details)	Mar. 31, 2019USD ($)
Revenue Recognition [Abstract]
Contract assets, current	$ 0
Contract assets, noncurrent	$ 0

Revenue Recognition (Schedule o

Revenue Recognition (Schedule of Revenue Recognition) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 69,027	$ 82,347
Leasing revenues	1,681	626
Total revenues	70,708	82,973
Railcar Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	65,944	79,079
Parts sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	3,064	3,212
Other sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 19	$ 56

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019segment
Segment Information [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
	Mar. 31, 2019	Mar. 31, 2018	Feb. 28, 2018
Segment Reporting Information [Line Items]
Revenues	$ 70,708	$ 82,973
Operating (Loss) Income	(14,516)	(8,592)
Consolidated interest expense and deferred financing costs	(36)	(32)
Consolidated other income (expense)	319	381
Loss before income taxes	(14,233)	(8,243)
Depreciation and amortization	3,197	2,550
Capital expenditures	760	182
Assets acquired			$ 17,200
Manufacturing [Member]
Segment Reporting Information [Line Items]
Revenues	67,595	79,733
Operating (Loss) Income	(9,637)	(3,816)
Depreciation and amortization	3,013	2,484
Capital expenditures	535	141
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	3,113	3,240
Operating (Loss) Income	(4,879)	(4,776)
Depreciation and amortization	184	66
Capital expenditures	$ 225	$ 41

Segment Information (Reconcilia

Segment Information (Reconciliation of Assets from Segment to Consolidated) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Consolidated income taxes receivable	$ 2,054	$ 2,046
Total assets	344,083	289,737
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	342,029	287,691
Operating Segments [Member] | Manufacturing [Member]
Segment Reporting Information [Line Items]
Total assets	257,040	208,663
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total assets	$ 84,989	$ 79,028

Fair Value Measurements (Narrat

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

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value, Assets Measured on Recurring Basis and Non-Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 33,315	$ 17,012
Restricted certificates of deposit	5,028	4,952
Escrow receivable	930	930
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	33,315	17,012
Restricted certificates of deposit	5,028	4,952
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Escrow receivable	$ 930	$ 930

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Marketable securities	$ 1,998	$ 18,019
Maximum [Member]
Marketable securities, original maturity	1 year
Minimum [Member]
Marketable securities, original maturity	90 days

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Inventories [Abstract]
Inventory valuation reserves	$ 6,083	$ 6,812

Inventories (Schedule of Invent

Inventories (Schedule of Inventory Current) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Inventories [Abstract]
Work in process	$ 48,281	$ 60,112
Finished new railcars
Parts inventory	4,419	4,450
Total inventories, net	$ 52,700	$ 64,562

Revolving Credit Facility (Deta

Revolving Credit Facility (Details) - Revolving Credit Facility [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Line of Credit Facility, Expiration Date	Jul. 26, 2019
Maximum borrowing capacity	$ 50,000
Outstanding borrowings	0	$ 0
Letter of Credit Sub-Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 4,789	$ 4,924

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Schedule of Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - Reclassification out of Accumulated Other Comprehensive Income [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	$ 43	$ 47
Tax		11
After-Tax	43	36
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | Pension Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	137	113
Tax		25
After-Tax	137	88
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | Postretirement Benefit Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	(97)	(70)
Tax		(15)
After-Tax	(97)	(55)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] | Postretirement Benefit Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	3	4
Tax		1
After-Tax	$ 3	$ 3

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member] - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax	$ (8,145)	$ (8,188)
Pension Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax	(10,167)	(10,304)
Accumulated other comprehensive loss, tax	6,282	6,282
Postretirement Benefit Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax	2,022	2,116
Accumulated other comprehensive loss, tax	$ 527	$ 527

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 689	$ 836
Unearned compensation	1,760
Performance Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned compensation related to options	$ 651
Remaining service period	10 months
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining requisite service period	27 months
Time-Vested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned compensation related to options	$ 1,066
Remaining service period	29 months

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plan expense recognized	$ 371	$ 430
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected total contributions for current fiscal year	0
Employer contributions	0	0
Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions	118	$ 225
Postretirement Benefit Plan [Member] | Salaried Retirees [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected total contributions for current fiscal year	$ 472

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 466	$ 427
Expected return on plan assets	(555)	(711)
Amortization of unrecognized net (gain) loss	137	113
Total net periodic benefit cost	48	(171)
Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	5	8
Interest cost	45	45
Amortization of unrecognized prior service cost	4	4
Amortization of unrecognized net (gain) loss	(97)	(70)
Total net periodic benefit cost	$ (43)	$ (13)

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2015	Mar. 31, 2019
Contingencies [Abstract]
State and local incentives received	$ 1,410	$ 15,733
Deferred liability balance			$ 8,606

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Anti-dilutive common shares excluded from computation of earnings per share amount	628,912	355,631

Earnings Per Share (Weighted Av

Earnings Per Share (Weighted Average Common Shares Outstanding) (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Weighted average common shares outstanding (shares)	12,337,013	12,306,011
Dilutive effect of employee stock options and nonvested share awards (shares)
Weighted average diluted common shares outstanding (shares)	12,337,013	12,306,011

Subsequent Events (Details)

Subsequent Events (Details)	Apr. 16, 2019USD ($)	Apr. 12, 2019USD ($)	Mar. 31, 2019USD ($)
Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity			$ 50,000,000
Subsequent Event [Member] | Revolving Credit Facility [Member] | BMO Harris Bank [Member]
Subsequent Event [Line Items]
Aggregate principal amount		$ 50,000,000
Maximum borrowing capacity		$ 42,500,000
Value of eligible accounts		85.00%
Value of eligible accounts supported by credit insurance		90.00%
Liquidation value		85.00%
Cost of eligible inventory		75.00%
Limitation amount		$ 30,000,000
Reduction of credit facility		$ 7,500,000
Reduction of credit facility, percentage		15.00%
Subsequent Event [Member] | Revolving Credit Facility [Member] | M & T Bank [Member]
Subsequent Event [Line Items]
Aggregate principal amount	$ 40,000,000
Interest coverage ratio	1.25
Subsequent Event [Member] | Revolving Sub-Credit Facility [Member] | BMO Harris Bank [Member]
Subsequent Event [Line Items]
Aggregate principal amount		$ 10,000,000