FreightCar America (RAIL) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 23, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Transition Report	false
Entity 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	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,319,161
Amendment Flag	false
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001320854

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash, cash equivalents and restricted cash equivalents	$ 48,540	$ 66,257
Restricted certificates of deposit	3,855	3,769
Accounts receivable, net of allowance for doubtful accounts of $496 and $91, respectively	6,789	6,991
Inventories, net	47,116	25,092
Income tax receivable	1,027	535
Other current assets	14,265	7,035
Total current assets	121,592	109,679
Property, plant and equipment, net	39,469	38,564
Railcars available for lease, net	38,393	38,900
Right of use asset	53,442	56,507
Other long-term assets	888	1,552
Total assets	253,784	245,202
Current liabilities
Accounts and contractual payables	18,054	11,713
Accrued payroll and other employee costs	306	1,389
Reserve for workers’ compensation	3,344	3,210
Accrued warranty	7,903	8,388
Customer deposits	33,012	5,123
Deferred income state and local incentives, current	2,219	2,219
Lease liability, current	15,063	14,960
Current portion of long-term debt	13,950
Other current liabilities	5,626	2,428
Total current liabilities	99,477	49,430
Long-term debt, net of current portion	6,250	10,200
Accrued pension costs	6,006	6,510
Deferred income state and local incentives, long-term	3,612	4,722
Lease liability, long-term	48,306	53,766
Other long-term liabilities	2,833	3,420
Total liabilities	166,484	128,048
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 June 30, 2020 and December 31, 2019)
Common stock, $0.01 par value, 50,000,000 shares authorized, 13,604,172 and 12,731,678 shares issued at June 30, 2020 and December 31, 2019, respectively	136	127
Additional paid in capital	83,318	83,027
Treasury stock, at cost, 285,011 and 44,855 shares at June 30, 2020 and December 31, 2019, respectively	(1,281)	(989)
Accumulated other comprehensive loss	(10,499)	(10,780)
Retained earnings	16,086	45,824
Total FreightCar America stockholders' equity	87,760	117,209
Noncontrolling interest in JV	(460)	(55)
Total stockholders’ equity	87,300	117,154
Total liabilities and stockholders’ equity	$ 253,784	$ 245,202

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 496	$ 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	13,604,172	12,731,678
Treasury stock, shares at cost	285,011	44,855
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Consolidated Statements of Operations [Abstract]
Revenues	$ 17,458	$ 73,661	$ 22,655	$ 144,369
Cost of sales	23,602	67,637	37,602	145,194
Gross (loss) profit	(6,144)	6,024	(14,947)	(825)
Selling, general and administrative expenses	6,537	15,352	13,947	23,019
Loss on sale of railcars available for lease		5,196		5,196
Restructuring and impairment charges	267	1,319	1,147	1,319
Operating loss	(12,948)	(15,843)	(30,041)	(30,359)
Interest expense and deferred financing costs	(167)	(115)	(463)	(151)
Other income	134	83	358	402
Loss before income taxes	(12,981)	(15,875)	(30,146)	(30,108)
Income tax (benefit) provision	(1)	12	(3)	(189)
Net loss	(12,980)	(15,887)	(30,143)	(29,919)
Less: Net loss attributable to noncontrolling interest in JV	(189)		(405)
Net loss attributable to FreightCar America	$ (12,791)	$ (15,887)	$ (29,738)	$ (29,919)
Net loss per common share attributable to FreightCar America- basic and diluted	$ (0.97)	$ (1.26)	$ (2.26)	$ (2.37)
Weighted average common shares outstanding – basic and diluted	12,405,011	12,352,271	12,385,946	12,344,684

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Consolidated Statements of Comprehensive Loss [Abstract]
Net loss	$ (12,980)	$ (15,887)	$ (30,143)	$ (29,919)
Other comprehensive income net of tax:
Pension and postretirement liability adjustments, net of tax	140	44	281	87
Other comprehensive income	140	44	281	87
Comprehensive loss	$ (12,840)	$ (15,843)	$ (29,862)	$ (29,832)

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]	Noncontrolling Interest [Member]	Total
Cumulative effective 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					(29,919)		(29,919)
Other comprehensive income				87			87
Restricted stock awards		(7,806)	$ 7,806
Restricted stock awards, shares			233,463
Employee stock settlement			$ (59)				(59)
Employee stock settlement, shares			(7,404)
Forfeiture of restricted stock awards		374	$ (374)
Forfeiture of restricted stock awards, shares			(56,980)
Stock-based compensation recognized		274					274
Balance at Jun. 30, 2019	$ 127	83,435	$ (2,348)	(8,101)	91,088		164,201
Balance (Shares) at Jun. 30, 2019	12,731,678		102,951
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
Net loss					(15,887)		(15,887)
Other comprehensive income				44			44
Restricted stock awards		(2,579)	$ 2,579
Restricted stock awards, shares			86,515
Forfeiture of restricted stock awards		355	$ (355)
Forfeiture of restricted stock awards, shares			(54,180)
Stock-based compensation recognized		(415)					(415)
Balance at Jun. 30, 2019	$ 127	83,435	$ (2,348)	(8,101)	91,088		164,201
Balance (Shares) at Jun. 30, 2019	12,731,678		102,951
Balance at Dec. 31, 2019	$ 127	83,027	$ (989)	(10,780)	45,824	$ (55)	117,154
Balance (Shares) at Dec. 31, 2019	12,731,678		44,855
Net loss					(29,738)	(405)	(30,143)
Other comprehensive income				281			281
Restricted stock awards	$ 9	(9)
Restricted stock awards, shares	872,494
Employee stock settlement			$ (9)				(9)
Employee stock settlement, shares			(5,717)
Forfeiture of restricted stock awards		283	$ (283)
Forfeiture of restricted stock awards, shares			(234,439)
Stock-based compensation recognized		17					17
Balance at Jun. 30, 2020	$ 136	83,318	$ (1,281)	(10,499)	16,086	(460)	87,300
Balance (Shares) at Jun. 30, 2020	13,604,172		285,011
Balance at Mar. 31, 2020	$ 133	83,374	$ (1,124)	(10,639)	28,877	(271)	100,350
Balance (Shares) at Mar. 31, 2020	13,319,197		152,617
Net loss					(12,791)	(189)	(12,980)
Other comprehensive income				140			140
Restricted stock awards	$ 3	(3)
Restricted stock awards, shares	284,975
Forfeiture of restricted stock awards		157	$ (157)
Forfeiture of restricted stock awards, shares			(132,394)
Stock-based compensation recognized		(210)					(210)
Balance at Jun. 30, 2020	$ 136	$ 83,318	$ (1,281)	$ (10,499)	$ 16,086	$ (460)	$ 87,300
Balance (Shares) at Jun. 30, 2020	13,604,172		285,011

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net loss	$ (30,143)	$ (29,919)
Adjustments to reconcile net loss to net cash flows used in operating activities:
Non-cash restructuring and impairment charges	352	1,319
Depreciation and amortization	5,884	6,471
Change in inventory reserve	5,052	(440)
Amortization expense - right-of-use leased assets	3,065	5,662
Recognition of deferred income from state and local incentives	(1,110)	(1,109)
Loss on sale of railcars available for lease		5,196
Stock-based compensation recognized	17	274
Other non-cash items, net	153	90
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	202	5,338
Inventories	(27,076)	3,214
Other assets	(7,188)	(2,307)
Accounts and contractual payables	6,456	(4,890)
Accrued payroll and employee benefits	(941)	910
Income taxes receivable/payable	(13)	(197)
Accrued warranty	(485)	(1,516)
Lease liability	(5,391)	(9,091)
Customer deposits	27,889	(1,719)
Other liabilities	2,625	7,827
Accrued pension costs and accrued postretirement benefits	(131)	(266)
Net cash flows used in operating activities	(20,783)	(15,153)
Cash flows from investing activities
Purchase of restricted certificates of deposit	(3,855)	(1,117)
Maturity of restricted certificates of deposit	3,769	4,400
Purchase of securities held to maturity		(1,986)
Proceeds from maturity of securities		20,025
Purchase of property, plant and equipment	(7,009)	(2,034)
Proceeds from sale of property, plant and equipment and railcars available for lease	170	11,442
Net cash flows (used in) provided by investing activities	(6,925)	30,730
Cash flows from financing activities
Proceeds from issuance of long-term debt	10,000	10,200
Employee stock settlement	(9)	(59)
Deferred financing costs		(929)
Net cash flows provided by financing activities	9,991	9,212
Net (decrease) increase in cash and cash equivalents	(17,717)	24,789
Cash, cash equivalents and restricted cash equivalents at beginning of period	66,257	45,070
Cash, cash equivalents and restricted cash equivalents at end of period	48,540	69,859
Supplemental cash flow information
Interest paid	217	31
Income tax refunds received
Income tax paid		$ 7

Description of the Business

Description of the Business	6 Months Ended
	Jun. 30, 2020
Description of the Business [Abstract]
Description of the Business	Note 1 – Description of the Business FreightCar America, Inc. (“FreightCar”) operates primarily in North America through its direct and indirect subsidiaries, JAC Operations, Inc., Johnstown America, LLC, Freight Car Services, Inc., JAIX Leasing Company (“JAIX”), FreightCar America Leasing, LLC, FreightCar America Leasing 1, LLC, FreightCar Roanoke, LLC, FreightCar Mauritius Ltd. (“Mauritius”), FreightCar Rail Services, LLC (“FCRS”), FreightCar Short Line, Inc. (“FCSL”), FreightCar Alabama, LLC FreightCar (Shanghai) Trading Co., Ltd, FCAI Holdings, LLC, (“FCAI”), FCA-FASEMEX, LLC, FCA-FASEMEX, S. de R.L. de C.V. and FCA-FASEMEX Enterprise, S. de R.L. de C.V., (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 as well as railcar conversions. The Company is headquartered in Chicago, Illinois and has facilities in the following locations: Cherokee, Alabama; Grand Island, Nebraska; Johnstown, Pennsylvania; and Shanghai, People’s Republic of China, and in Castaños , Mexico . The Company’s direct and indirect subsidiaries are wholly owned except for the Fasemex entities related to our Mexico operations. The Company and its direct and indirect subsidiaries are all Delaware corporations or Delaware limited liability companies except Mauritius, which is incorporated in Mauritius, FreightCar (Shanghai) Trading Co., Ltd., which is organized in the People’s Republic of China, and FCA-FASEMEX, S. de R.L., de C.V. and FCA-FASEMEX Enterprise, S. de R.L. de C.V. which are organized in Mexico. On September 19, 2019, the Company announced the formation of a joint venture with Fabricaciones y Servicios de México, S.A. de C.V. (“Fasemex”), a Mexican company with operations in both Mexico and the United States. The joint venture will lease a manufacturing facility in Castaños , Mexico in which it will manufacture railcars. Production of railcars at the facility is expected to begin in the second half of 2020. The Company ceased operations at its Roanoke, Virginia manufacturing facility and has vacated the facility as of March 31, 2020.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
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. During 2019 the Company entered into a joint venture arrangement with Fasemex to manufacture railcars in Castaños , Mexico, in exchange for a 50 % interest in the operation. Under the terms of the joint venture operating agreement, the Company has the right to appoint the majority of the members of the board and management for the joint venture. The Company therefore, has determined that it has the power to direct the activities of the related entities that most significantly impact their economic performance and it also has the right to receive significant benefits and obligation to absorb losses from the operations, and as such, the Company has determined that it is the primary beneficiary of these variable interest entities (“VIEs”). Therefore, these entities are consolidated as VIEs. The Company’s initial commitments under the joint venture include capital contributions of up to $ 25.0 million over several years through a combination of assets and cash of which $ 7.1 million has been provided as of June 30, 2020. The total assets of the Mexico operations amount to $ 5.2 million, consisting primarily of construction in progress as of June 30, 2020. The total liabilities of the Mexico operations amount to $ 0.1 million as of June 30, 2020. The net loss of the Mexico operations for the three and six months ended June 30, 2020 is $ 0.4 million and $ 0.8 million, respectively. The noncontrolling minority interest as of June 30, 2020 and net loss attributable to the noncontrolling minority interest for the six months ended June 30, 2020 amounted to $( 0.5 ) million and $( 0.4 ) million, respectively. 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, 2020 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 2019 year-end balance sheet data was derived from the audited financial statements as of December 31, 2019. 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, 2019.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Note 3 – Recent Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform , which provides companies with optional guidance, including expedients and exceptions for applying generally accepted accounting principles to contracts and other transactions affected by reference rate reform, such as the London Interbank Offered Rate (LIBOR). This new standard was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. Adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB 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. Adoption of this standard on January 1, 2020 did not have a material impact on the Company’s consolidated financial statements. 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. 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.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 4 – 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 an initial term of 12 months or less are not recorded on the condensed consolidated balance sheet. Operating lease right of use (“ROU”) assets are presented within long term assets, the current portion of operating lease liabilities is presented within current liabilities and the non-current portion of operating lease liabilities are presented within long term liabilities on the condensed consolidated balance sheet. ROU assets represent the Company’s right to use an underlying asset during the lease term and the lease liabilities represent the Company’s obligation to make the lease payments arising during the lease. ROU assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company’s 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 June 30, 2020 Six Months Ended June 30, 2020 Operating lease costs: Fixed $ 2,815 $ 5,897 Short-term 132 371 Total lease cost $ 2,947 $ 6,268 Supplemental balance sheet information related to leases were as follows: June 30, 2020 Operating leases: Right of use assets $ 53,442 Lease liabilities: Lease liability, current $ 15,063 Lease liability, long-term 48,306 Total operating lease liabilities $ 63,369 Supplemental cash flow information is as follows: Six Months Ended June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,982 Total $ 8,982 Right of use assets obtained in exchange for new lease obligations: Operating leases $ 1,326 Total $ 1,326 The aggregate future lease payments for operating leases as of June 30, 2020 are as follows: Operating leases 2020 (Excluding the six months ended June 30, 2020) $ 8,761 2021 17,411 2022 10,205 2023 9,074 2024 8,332 Thereafter 18,039 Total lease payments 71,822 Less: interest ( 8,453 ) Total $ 63,369 The aggregate future lease payments for operating leases as of December 31, 2019 were as follows: Operating leases 2020 $ 17,743 2021 17,200 2022 9,969 2023 8,832 2024 8,082 Thereafter 16,164 Total lease payments 77,990 Less: interest ( 9,263 ) Total $ 68,726 Weighted-average remaining lease term (years) Operating leases 7.2 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 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 during the first quarter of 2019. The Company concluded that the initial term through December 31, 2026 would be included in the measurement of lease liabilities as of the modification date. The Company has concluded that the options for extensions beyond that date are not reasonably certain of exercise, and have been excluded from the measurement of lease liabilities. During 2019, the Company entered into a lease agreement of new office space for which the Company took possession on February 1, 2020. The new lease arrangement requires total minimum lease payments of approximately $ 3,000 over 11.5 years.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Revenue Recognition	Note 5 – Revenue Recognition The following table disaggregates the Company’s revenues by major source: Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 Railcar sales $ 13,746 $ 69,173 $ 15,272 $ 135,117 Parts sales 2,297 2,795 4,510 5,859 Other sales 1 11 1 30 Revenues from contracts with customers 16,044 71,979 19,783 141,006 Leasing revenues 1,414 1,682 2,872 3,363 Total revenues $ 17,458 $ 73,661 $ 22,655 $ 144,369 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. However, during the second quarter of 2020, the Company recognized a provision for doubtful accounts of $ 334 largely related to one customer in its leasing portfolio that filed for bankruptcy. 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 June 30, 2020. 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 included in customer deposits, other current liabilities and other long-term liabilities in the Company’s Condensed Consolidated Balance Sheet were $ 36,198 and $ 5,607 as of June 30, 2020 and December 31, 2019, 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, 2020 with expected duration of greater than one year of $ 55,684 .

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
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. 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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenues: Manufacturing $ 15,129 $ 70,817 $ 18,069 $ 138,412 Corporate and Other 2,329 2,844 4,586 5,957 Consolidated revenues $ 17,458 $ 73,661 $ 22,655 $ 144,369 Operating loss: Manufacturing (1) $ ( 8,348 ) $ ( 3,019 ) $ ( 20,148 ) $ ( 12,656 ) Corporate and Other ( 4,600 ) ( 12,824 ) ( 9,893 ) ( 17,703 ) Consolidated operating loss ( 12,948 ) ( 15,843 ) ( 30,041 ) ( 30,359 ) Consolidated interest expense and deferred financing costs ( 167 ) ( 115 ) ( 463 ) ( 151 ) Consolidated other income 134 83 358 402 Consolidated loss before income taxes $ ( 12,981 ) $ ( 15,875 ) $ ( 30,146 ) $ ( 30,108 ) Depreciation and amortization: Manufacturing $ 2,688 $ 3,075 $ 5,483 $ 6,097 Corporate and Other 183 191 401 374 Consolidated depreciation and amortization $ 2,871 $ 3,266 $ 5,884 $ 6,471 Capital expenditures: Manufacturing $ 3,033 $ 898 $ 5,953 $ 1,432 Corporate and Other 305 377 1,056 602 Consolidated capital expenditures $ 3,338 $ 1,275 $ 7,009 $ 2,034 (1) Results for the three months and six months ended June 30, 2020 include restructuring and impairment charges of $ 267 and $ 1,147 , respectively. June 30, December 31, 2020 2019 Assets: Manufacturing $ 182,141 $ 156,859 Corporate and Other 70,619 87,329 Total operating assets 252,760 244,188 Consolidated income taxes receivable 1,027 1,014 Consolidated deferred income taxes, long-term ( 3 ) - Consolidated assets $ 253,784 $ 245,202 Geographic Information Revenues Long Lived Assets(a) Three Months Ended Six Months Ended June 30, June 30, June 30, December 31, 2020 2019 2020 2019 2020 2019 United States $ 17,458 $ 73,661 $ 22,655 $ 144,369 $ 125,748 $ 132,825 Mexico (b) - - - - 5,555 1,146 Total $ 17,458 $ 73,661 $ 22,655 $ 144,369 $ 131,303 $ 133,971 (a) Long lived assets include net property plant and equipment, Railcars available for lease, and ROU Assets (b) Included in manufacturing segment

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 Level 1 Level 2 Level 3 Total ASSETS: Cash equivalents and restricted cash equivalents $ 4,303 $ - $ - $ 4,303 Restricted certificates of deposit $ 3,855 $ - $ - $ 3,855 Escrow receivable $ - $ - $ 930 $ 930 Recurring Fair Value Measurements As of December 31, 2019 Level 1 Level 2 Level 3 Total ASSETS: Cash equivalents and restricted cash equivalents $ 4,580 $ - $ - $ 4,580 Restricted certificates of deposit $ 3,769 $ - $ - $ 3,769 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 June 30, 2020 and December 31, 2019, net of the fair value of the indemnification obligations, which was estimated using the discounted probability-weighted cash flow method .

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 30, 2020
Restricted Cash [Abstract]
Restricted Cash	Note 8 – 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, 2020 2019 Restricted cash from customer deposit $ 13,692 $ - Restricted cash to collateralize standby letters of credit 203 - Total restricted cash $ 13,895 $ -

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventories [Abstract]
Inventories	Note 9 – Inventories Inventories, net of reserve for excess and obsolete items, consist of the following: June 30, December 31, 2020 2019 Work in process $ 41,978 $ 19,742 Finished new railcars - - Parts inventory 5,138 5,350 Total inventories, net $ 47,116 $ 25,092 Inventory on the Company’s Condensed Consolidated Balance Sheets includes reserves of $ 10,685 and $ 5,633 relating to excess or slow-moving inventory and lower of cost or net realizable value for parts and work in process at June 30, 2020 and December 31, 2019, respectively.

Debt Financing and Revolving Cr

Debt Financing and Revolving Credit Facilities	6 Months Ended
	Jun. 30, 2020
Debt Financing and Revolving Credit Facilities [Abstract]
Debt Financing and Revolving Credit Facilities	Note 10 – Debt Financing and Revolving Credit Facilities BMO Credit Agreement On April 12, 2019, the Company entered into a Credit and Security Agreement (the “BMO Credit Agreement”) by and among the Company and certain of its subsidiaries, as borrowers and guarantors (together with the Company, the “Borrowers”), and BMO Harris Bank N.A., as lender (“BMO”). Pursuant to the BMO Credit Agreement, BMO extended an asset-based 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 has a term ending on April 12, 2024 . Revolving loans outstanding thereunder will bear interest, at the Borrowers’ option and subject to the provisions of the BMO Credit Agreement, at Base Rate (as defined in the BMO Credit Agreement) or LIBOR Rate (as defined in the BMO Credit Agreement) plus the Applicable Margin for each such interest rate set forth in the BMO Credit Agreement. The BMO Credit Agreement provides for a revolving credit facility with maximum availability of $ 42,500 , subject to borrowing base requirements set forth in the BMO Credit Agreement. The maximum availability under the BMO Credit Agreement is determined by a formula and may fluctuate depending on the value of the borrowing base included in such formula at the time of determination. On February 21, 2020, the Company, certain of its subsidiaries, as borrowers and guarantors, and BMO, amended the BMO Credit Agreement, to, among other things, increase the borrowing base during the period commencing February 21, 2020 until May 15, 2020 by the lesser of (i) 100 % of qualified unrestricted cash and (ii) $ 4,000 . The BMO Credit Agreement has both affirmative and negative covenants, including, without limitation, limitations on indebtedness, liens and investments. The BMO Credit Agreement also provides for customary events of default. Borrowings under the BMO Credit Agreement are collateralized by substantially all of the Borrowers’ assets. As of June 30, 2020, the Company had no borrowings under the BMO credit facility and $ 10,195 available for borrowing under the BMO credit facility. The Company has a $ 4,000 letter of credit outstanding under the letter of credit sub-facility of the BMO Credit Agreement. 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 guaranteed the repayment and performance of certain obligations of Freightcar Leasing Borrower and (ii) a Pledge Agreement (the “M&T Pledge Agreement”) pursuant to which Freightcar Leasing Guarantor pledged to M&T all of the equity of Freightcar Leasing Borrower held by Freightcar Leasing Guarantor. The loans under the M&T Credit Agreement are non-recourse to the assets of the Company or its subsidiaries other than the assets of Freightcar Leasing Borrower and Freightcar Leasing Guarantor. The M&T Credit Agreement has a term ending on April 16 , 2021 . Loans outstanding thereunder bear interest, accrued daily, at the Adjusted LIBOR Rate (as defined in the M&T Credit Agreement) or the Adjusted Base Rate (as defined in the M&T Credit Agreement). The M&T Credit Agreement has both affirmative and negative covenants, including, without limitation, maintaining an Interest Coverage Ratio (as defined in the M&T Credit Agreement) of not less than 1.25 :1.00, measured quarterly, and limitations on indebtedness, loans, liens and investments. The M&T Credit Agreement also provides for customary events of default. As of June 30, 2020, FreightCar Leasing Borrower had $ 10,200 in outstanding debt under the M&T Credit Agreement which was collateralized by leased railcars with a carrying value of $ 16,253 . As of June 30, 2020, the interest rate on outstanding debt under the M&T Credit Agreement was 2.24 % representing the 90 day LIBOR plus 2.05 %. On August 7, 2020, Freightcar Leasing Borrower was notified of an event of default by M&T Bank. See Note 17 – Subsequent Event. SBA Paycheck Protection Program Loan In March 2020, Congress passed the Paycheck Protection Program (“PPP”), authorizing loans to small businesses for use in paying employees that they continue to employ throughout the COVID-19 pandemic and for rent, utilities and interest on mortgages. In June 2020, Congress enacted the Paycheck Protection Program Flexibility Act (“PPPFA”), amending the PPP. Loans obtained through the PPP, as amended, are eligible to be forgiven as long as the proceeds are used for qualifying purposes and certain other conditions are met. On April 16, 2020, the Company received a loan in the amount of $ 10,000 through the Paycheck Protection Program. Management expects that the entire loan will be used for payroll, utilities and interest; therefore, management anticipates that the majority of the PPP Loan will be forgiven. To the extent it is not forgiven, the Company would be required to repay that portion at an interest rate of 1 % over a period of two year s, with $ 7,500 due in 2021 and with $ 2,500 due in 2022 with a final installment in April 2022. Long-term debt consists of the following as of June 30, 2020: Advances under M&T Credit Agreement $ 10,200 SBA Payroll Protection Program Loan 10,000 Total debt 20,200 Less amounts due within one year ( 13,950 ) Long-term debt, net of current portion $ 6,250 The fair value of the PPP loan approximates is carrying value as of June 30, 2020.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income (expense)) $ 140 $ - $ 140 $ 140 $ - $ 140 Pre-Tax Tax After-Tax Three months ended June 30, 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)) 4 - 4 $ 44 $ - $ 44 Pre-Tax Tax After-Tax Six months ended June 30, 2020 Pension liability activity: Actuarial gain $ 281 $ - $ 281 $ 281 $ - $ 281 Pre-Tax Tax After-Tax Six months ended June 30, 2019 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income (expense)) $ 274 $ - $ 274 Postretirement liability activity: Reclassification adjustment for amortization of net gain (pre-tax other income (expense)) ( 194 ) - ( 194 ) Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense)) 7 - 7 $ 87 $ - $ 87 The components of accumulated other comprehensive loss consist of the following: June 30, December 31, 2020 2019 Unrecognized pension cost, net of tax of $ 6,282 and $ 6,282 , respectively $ ( 10,499 ) $ ( 10,780 ) $ ( 10,499 ) $ ( 10,780 )

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 12 – Stock-Based Compensation Total stock-based compensation was $( 156 ) and $( 415 ) for the three months ended June 30, 2020 and 2019, respectively and $ 94 and $ 274 for the six months ended June 30, 2020 and 2019, respectively. As of June 30, 2020, there was $ 1,569 of unearned compensation expense related to restricted stock awards, which will be recognized over the remaining weighed average requisite service period of 22 months. As of June 30, 2020, there was $ 330 of unearned compensation related to time-vested stock options, which will be recognized over the remaining requisite service period of 18 months. During the six months ended June 30, 2020, the Company granted 1,129,464 cash settled stock appreciation rights to certain employees of which 260,431 were forfeited during 2020 and 869,033 remain outstanding as of June 30, 2020. 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. The cash settled stock appreciation rights vest ratably over three year s and have a contractual life of 10 years. Cash settled stock appreciation rights are classified as liabilities. The Company measures the fair value of 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 settled. 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. Once vested the Company immediately recognizes compensation cost for any changes in fair value of cash settled stock appreciation rights until settlement. The estimated fair value of the cash settled stock appreciation rights as of June 30, 2020 was $ 470 . Stock-based compensation for cash settled stock appreciation rights for the three and six months ended June 30, 2020 was not material. The fair value of cash settled stock appreciation rights as of June 30, 2020 was 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 5.6 years 57.50 % 0.00 % 0.33 % $ 0.54 2020 3/9/2020 5.7 years 57.39 % 0.00 % 0.34 % $ 0.59 2020 4/7/2020 5.8 years 57.24 % 0.00 % 0.35 % $ 0.71

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2020
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 provided certain postretirement health care benefits for certain of its salaried retired employees. Generally, employees became eligible for health care benefits if they retired after attaining specified age and service requirements. These benefits were subject to deductibles, co-payment provisions and other limitations. On October 15, 2019, the Company notified retirees and affected active employees that it would terminate medical benefits offered to retirees of the Company and their dependents effective January 1, 2020. The retiree benefits that were terminated include medical insurance and vison insurance that were offered under the FreightCar America, Inc. Health and Welfare Plan. The components of net periodic benefit cost (benefit) for the three and six months ended June 30, 2020 and 2019, are as follows: Three Months Ended Six Months Ended June 30, June 30, Pension Benefits 2020 2019 2020 2019 Interest cost $ 358 $ 466 $ 716 $ 932 Expected return on plan assets ( 609 ) ( 555 ) ( 1,218 ) ( 1,110 ) Amortization of unrecognized net loss 140 137 280 274 $ ( 111 ) $ 48 $ ( 222 ) $ 96 Three Months Ended Six Months Ended June 30, June 30, Postretirement Benefit Plan 2020 2019 2020 2019 Service cost $ - $ 5 $ - $ 10 Interest cost - 45 - 90 Amortization of prior service cost - 4 - 8 Amortization of unrecognized net gain - ( 97 ) - ( 194 ) $ - $ ( 43 ) $ - $ ( 86 ) The Company made no contributions to the Company’s defined benefit pension plan for each of the three and six months ended June 30, 2020 and 2019. The Company expects to make no contributions to its pension plan in 2020. Due to the plan termination the Company made no postretirement benefit plan contributions during each of the three and six months ended June 30, 2020. The Company made contributions to the Company’s postretirement benefit plan for salaried retirees of $ 158 and $ 276 for the three and six months ended June 30, 2019, respectively. The Company also maintains qualified defined contribution plans, which provide benefits to employees based on employee contributions and employee earnings with discretionary contributions allowed. Expenses related to these plans were $ 372 and $ 743 for the three and six months ended June 30, 2019, respectively. Effective January 1, 2020, the Company suspended the employer contribution to its defined contribution plans.

Contingencies and Legal Settlem

Contingencies and Legal Settlements	6 Months Ended
	Jun. 30, 2020
Contingencies and Legal Settlements [Abstract]
Contingencies and Legal Settlements	Note 14 – Contingencies and Legal Settlements 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 year s from the date of the incentive. In the event that employment levels drop below the minimum targeted levels of employment and any portion of the incentives is required to be paid back, the amount is unlikely to exceed the deferred liability balance of $ 5,831 as of June 30, 2020. As part of a settlement agreement reached with one of its customers during 2019, the Company agreed to pay $ 7,500 to settle all claims related to a prior year’s commercial dispute. During 2019, the Company paid $ 3,500 of the settlement amount and the remaining $ 4,000 will be paid over a period of three year s, or on an accelerated basis in the event both parties agree to accelerate delivery of railcars currently in the backlog. In addition to the foregoing, the Company is involved in certain other pending and threatened legal proceedings, including commercial disputes and workers’ compensation and employee matters arising out of the conduct of its business. While the ultimate outcome of these other legal proceedings cannot be determined at this time, it is the opinion of management that the resolution of these other actions will not have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Weighted average common shares outstanding 12,405,011 12,352,271 12,385,946 12,344,684 Dilutive effect of employee stock options and nonvested share awards - - - - Weighted average diluted common shares outstanding 12,405,011 12,352,271 12,385,946 12,344,684 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, 2020 and 2019, 1,107,304 and 707,395 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, 2020 and 2019, 1,076,577 and 668,370 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive.

Restructuring and Impairment Ch

Restructuring and Impairment Charges	6 Months Ended
	Jun. 30, 2020
Restructuring and Impairment Charges [Abstract]
Restructuring and Impairment Charges	Note 16 – Restructuring and Impairment Charges On July 22, 2019, the Company announced its intention to close its Roanoke, Virginia manufacturing facility as part of its “Back to Basics” strategy. The Company ceased operations at the facility as of November 29, 2019. The Company terminated its leases for the facility effective as of March 31, 2020. Restructuring and impairment charges of $ 3,295 and a lease termination gain of $ 2,224 related to the plant closure were recorded during 2019. Restructuring and impairment charges related to the plant closure primarily include non-cash impairment charges for property, plant and equipment at the Roanoke facility and employee severance and retention charges. Restructuring and impairment charges are reported as a separate line item on the Company’s condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019, and are detailed below: Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 Impairment and loss on disposal of machinery and equipment $ - $ 1,319 $ 438 $ 1,319 Employee severance and retention 1 - ( 3 ) - Other charges related to facility closure 266 - 712 - Total restructuring and impairment costs $ 267 $ 1,319 $ 1,147 $ 1,319 Accrued as of December 31, 2019 Cash Charges Non-cash charges Cash payments Accrued as of June 30, 2020 Impairment and loss on disposal of machinery and equipment $ - $ - $ 438 $ - $ - Employee severance and retention 647 ( 4 ) - ( 636 ) 7 Other charges related to facility closure 359 798 ( 86 ) ( 1,097 ) 60 Total restructuring and impairment costs $ 1,006 $ 794 $ 352 $ ( 1,733 ) $ 67 Accrued as of December 31, 2018 Cash Charges Non-cash charges Cash payments Accrued as of June 30, 2019 Impairment charges for leasehold improvements and equipment $ - $ - $ 1,319 $ - $ - Employee severance and retention - - - - - Other charges related to facility closure - - - - - Total restructuring and impairment costs $ - $ - $ 1,319 $ - $ -

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2020
Subsequent Event [Abstract]
Subsequent Event	Note 17 – Subsequent Event On August 7, 2020, FreightCar America Leasing 1, LLC (the “Leasing Company”) received notice (the “Notice”) from M&T Bank that, based on an appraisal (the “Appraisal”) conducted by a third party at the request of M&T Bank with respect to the railcars in the Leasing Company’s Borrowing Base under the M&T Credit Agreement, the unpaid principal balance under the M&T Credit Agreement exceeded the availability under the M&T Credit Agreement as of the date of the Appraisal by $ 5,081 (the “Payment Demand Amount”). In the Notice, M&T Bank has: (a) asserted that an Event of Default under the M&T Credit Agreement has occurred because the Leasing Company did no t pay the Payment Demand Amount to M&T Bank within five day s of the asserted change in availability; (b) demanded payment of the amount within five days of the date of the Notice; and (c) terminated the commitment to advance additional loans under the M&T Credit Agreement. The Leasing Company does not believe that an Event of Default has occurred and is contesting M&T Bank’s assertion . The Leasing Company has contacted M&T Bank with a demand to withdraw the Notice.

Basis of Presentation (Policy)

Basis of Presentation (Policy)	6 Months Ended
	Jun. 30, 2020
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. During 2019 the Company entered into a joint venture arrangement with Fasemex to manufacture railcars in Castaños , Mexico, in exchange for a 50 % interest in the operation. Under the terms of the joint venture operating agreement, the Company has the right to appoint the majority of the members of the board and management for the joint venture. The Company therefore, has determined that it has the power to direct the activities of the related entities that most significantly impact their economic performance and it also has the right to receive significant benefits and obligation to absorb losses from the operations, and as such, the Company has determined that it is the primary beneficiary of these variable interest entities (“VIEs”). Therefore, these entities are consolidated as VIEs. The Company’s initial commitments under the joint venture include capital contributions of up to $ 25.0 million over several years through a combination of assets and cash of which $ 7.1 million has been provided as of June 30, 2020. The total assets of the Mexico operations amount to $ 5.2 million, consisting primarily of construction in progress as of June 30, 2020. The total liabilities of the Mexico operations amount to $ 0.1 million as of June 30, 2020. The net loss of the Mexico operations for the three and six months ended June 30, 2020 is $ 0.4 million and $ 0.8 million, respectively. The noncontrolling minority interest as of June 30, 2020 and net loss attributable to the noncontrolling minority interest for the six months ended June 30, 2020 amounted to $( 0.5 ) million and $( 0.4 ) million, respectively. 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, 2020 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 2019 year-end balance sheet data was derived from the audited financial statements as of December 31, 2019. 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, 2019.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Components of Lease Cost	Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Operating lease costs: Fixed $ 2,815 $ 5,897 Short-term 132 371 Total lease cost $ 2,947 $ 6,268
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases were as follows: June 30, 2020 Operating leases: Right of use assets $ 53,442 Lease liabilities: Lease liability, current $ 15,063 Lease liability, long-term 48,306 Total operating lease liabilities $ 63,369
Supplemental Cash Flow Information	Supplemental cash flow information is as follows: Six Months Ended June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,982 Total $ 8,982 Right of use assets obtained in exchange for new lease obligations: Operating leases $ 1,326 Total $ 1,326
Aggregate Future Operating Lease Payments	The aggregate future lease payments for operating leases as of June 30, 2020 are as follows: Operating leases 2020 (Excluding the six months ended June 30, 2020) $ 8,761 2021 17,411 2022 10,205 2023 9,074 2024 8,332 Thereafter 18,039 Total lease payments 71,822 Less: interest ( 8,453 ) Total $ 63,369 The aggregate future lease payments for operating leases as of December 31, 2019 were as follows: Operating leases 2020 $ 17,743 2021 17,200 2022 9,969 2023 8,832 2024 8,082 Thereafter 16,164 Total lease payments 77,990 Less: interest ( 9,263 ) Total $ 68,726
Operating Lease Information	Weighted-average remaining lease term (years) Operating leases 7.2 Weighted-average discount rate Operating leases 4.5 %

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Schedule of Revenue Recognition	Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 Railcar sales $ 13,746 $ 69,173 $ 15,272 $ 135,117 Parts sales 2,297 2,795 4,510 5,859 Other sales 1 11 1 30 Revenues from contracts with customers 16,044 71,979 19,783 141,006 Leasing revenues 1,414 1,682 2,872 3,363 Total revenues $ 17,458 $ 73,661 $ 22,655 $ 144,369

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment	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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenues: Manufacturing $ 15,129 $ 70,817 $ 18,069 $ 138,412 Corporate and Other 2,329 2,844 4,586 5,957 Consolidated revenues $ 17,458 $ 73,661 $ 22,655 $ 144,369 Operating loss: Manufacturing (1) $ ( 8,348 ) $ ( 3,019 ) $ ( 20,148 ) $ ( 12,656 ) Corporate and Other ( 4,600 ) ( 12,824 ) ( 9,893 ) ( 17,703 ) Consolidated operating loss ( 12,948 ) ( 15,843 ) ( 30,041 ) ( 30,359 ) Consolidated interest expense and deferred financing costs ( 167 ) ( 115 ) ( 463 ) ( 151 ) Consolidated other income 134 83 358 402 Consolidated loss before income taxes $ ( 12,981 ) $ ( 15,875 ) $ ( 30,146 ) $ ( 30,108 ) Depreciation and amortization: Manufacturing $ 2,688 $ 3,075 $ 5,483 $ 6,097 Corporate and Other 183 191 401 374 Consolidated depreciation and amortization $ 2,871 $ 3,266 $ 5,884 $ 6,471 Capital expenditures: Manufacturing $ 3,033 $ 898 $ 5,953 $ 1,432 Corporate and Other 305 377 1,056 602 Consolidated capital expenditures $ 3,338 $ 1,275 $ 7,009 $ 2,034 (1) Results for the three months and six months ended June 30, 2020 include restructuring and impairment charges of $ 267 and $ 1,147 , respectively.
Reconciliation of Assets From Segment to Consolidated	June 30, December 31, 2020 2019 Assets: Manufacturing $ 182,141 $ 156,859 Corporate and Other 70,619 87,329 Total operating assets 252,760 244,188 Consolidated income taxes receivable 1,027 1,014 Consolidated deferred income taxes, long-term ( 3 ) - Consolidated assets $ 253,784 $ 245,202
Geographic Information	Geographic Information Revenues Long Lived Assets(a) Three Months Ended Six Months Ended June 30, June 30, June 30, December 31, 2020 2019 2020 2019 2020 2019 United States $ 17,458 $ 73,661 $ 22,655 $ 144,369 $ 125,748 $ 132,825 Mexico (b) - - - - 5,555 1,146 Total $ 17,458 $ 73,661 $ 22,655 $ 144,369 $ 131,303 $ 133,971 (a) Long lived assets include net property plant and equipment, Railcars available for lease, and ROU Assets (b) Included in manufacturing segment

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Measurements [Abstract]
Fair Value, Assets Measured on Recurring Basis	Recurring Fair Value Measurements As of June 30, 2020 Level 1 Level 2 Level 3 Total ASSETS: Cash equivalents and restricted cash equivalents $ 4,303 $ - $ - $ 4,303 Restricted certificates of deposit $ 3,855 $ - $ - $ 3,855 Escrow receivable $ - $ - $ 930 $ 930 Recurring Fair Value Measurements As of December 31, 2019 Level 1 Level 2 Level 3 Total ASSETS: Cash equivalents and restricted cash equivalents $ 4,580 $ - $ - $ 4,580 Restricted certificates of deposit $ 3,769 $ - $ - $ 3,769 Escrow receivable $ - $ - $ 930 $ 930

Restricted Cash (Tables)

Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2020
Restricted Cash [Abstract]
Restricted Cash	June 30, December 31, 2020 2019 Restricted cash from customer deposit $ 13,692 $ - Restricted cash to collateralize standby letters of credit 203 - Total restricted cash $ 13,895 $ -

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventories [Abstract]
Schedule of Inventory Current	June 30, December 31, 2020 2019 Work in process $ 41,978 $ 19,742 Finished new railcars - - Parts inventory 5,138 5,350 Total inventories, net $ 47,116 $ 25,092

Debt Financing and Revolving _2

Debt Financing and Revolving Credit Facilities (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Financing and Revolving Credit Facilities [Abstract]
Long-Term Debt	Advances under M&T Credit Agreement $ 10,200 SBA Payroll Protection Program Loan 10,000 Total debt 20,200 Less amounts due within one year ( 13,950 ) Long-term debt, net of current portion $ 6,250

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	Pre-Tax Tax After-Tax Three months ended June 30, 2020 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income (expense)) $ 140 $ - $ 140 $ 140 $ - $ 140 Pre-Tax Tax After-Tax Three months ended June 30, 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)) 4 - 4 $ 44 $ - $ 44 Pre-Tax Tax After-Tax Six months ended June 30, 2020 Pension liability activity: Actuarial gain $ 281 $ - $ 281 $ 281 $ - $ 281 Pre-Tax Tax After-Tax Six months ended June 30, 2019 Pension liability activity: Reclassification adjustment for amortization of net loss (pre-tax other income (expense)) $ 274 $ - $ 274 Postretirement liability activity: Reclassification adjustment for amortization of net gain (pre-tax other income (expense)) ( 194 ) - ( 194 ) Reclassification adjustment for amortization of prior service cost (pre-tax other income (expense)) 7 - 7 $ 87 $ - $ 87
Components of Accumulated Other Comprehensive Income (Loss)	June 30, December 31, 2020 2019 Unrecognized pension cost, net of tax of $ 6,282 and $ 6,282 , respectively $ ( 10,499 ) $ ( 10,780 ) $ ( 10,499 ) $ ( 10,780 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Stock-Based Compensation [Abstract]
Valuation Assumptions	Expected Risk Free Expected Dividend Interest Fair Value Grant Year Grant Date Expected Life Volatility Yield Rate Per Award 2020 1/24/2020 5.6 years 57.50 % 0.00 % 0.33 % $ 0.54 2020 3/9/2020 5.7 years 57.39 % 0.00 % 0.34 % $ 0.59 2020 4/7/2020 5.8 years 57.24 % 0.00 % 0.35 % $ 0.71

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2020
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 Six Months Ended June 30, June 30, Pension Benefits 2020 2019 2020 2019 Interest cost $ 358 $ 466 $ 716 $ 932 Expected return on plan assets ( 609 ) ( 555 ) ( 1,218 ) ( 1,110 ) Amortization of unrecognized net loss 140 137 280 274 $ ( 111 ) $ 48 $ ( 222 ) $ 96
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 Six Months Ended June 30, June 30, Postretirement Benefit Plan 2020 2019 2020 2019 Service cost $ - $ 5 $ - $ 10 Interest cost - 45 - 90 Amortization of prior service cost - 4 - 8 Amortization of unrecognized net gain - ( 97 ) - ( 194 ) $ - $ ( 43 ) $ - $ ( 86 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Weighted Average Common Shares Outstanding	Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Weighted average common shares outstanding 12,405,011 12,352,271 12,385,946 12,344,684 Dilutive effect of employee stock options and nonvested share awards - - - - Weighted average diluted common shares outstanding 12,405,011 12,352,271 12,385,946 12,344,684

Restructuring and Impairment _2

Restructuring and Impairment Charges (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Impairment Charges [Abstract]
Components of Restructuring and Impairment Charges	Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 Impairment and loss on disposal of machinery and equipment $ - $ 1,319 $ 438 $ 1,319 Employee severance and retention 1 - ( 3 ) - Other charges related to facility closure 266 - 712 - Total restructuring and impairment costs $ 267 $ 1,319 $ 1,147 $ 1,319
Schedule of Restructuring Reserve Activity	Accrued as of December 31, 2019 Cash Charges Non-cash charges Cash payments Accrued as of June 30, 2020 Impairment and loss on disposal of machinery and equipment $ - $ - $ 438 $ - $ - Employee severance and retention 647 ( 4 ) - ( 636 ) 7 Other charges related to facility closure 359 798 ( 86 ) ( 1,097 ) 60 Total restructuring and impairment costs $ 1,006 $ 794 $ 352 $ ( 1,733 ) $ 67 Accrued as of December 31, 2018 Cash Charges Non-cash charges Cash payments Accrued as of June 30, 2019 Impairment charges for leasehold improvements and equipment $ - $ - $ 1,319 $ - $ - Employee severance and retention - - - - - Other charges related to facility closure - - - - - Total restructuring and impairment costs $ - $ - $ 1,319 $ - $ -

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Assets	$ 253,784	$ 253,784	$ 245,202
Liabilities	166,484	166,484	128,048
Noncontrolling minority interest, net loss	(189)	(405)
Noncontrolling interest in JV	(460)	(460)	$ (55)
Mexico Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Joint Venture Ownership Percentage			50.00%
Future capital contributions	25,000	25,000
Assets and cash	7,100	7,100
Assets	5,200	5,200
Liabilities	100	100
Net loss	400	800
Noncontrolling minority interest, net loss		(400)
Noncontrolling interest in JV	$ (500)	$ (500)

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Dec. 31, 2021	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Leases [Line Items]
Operating lease liabilities		$ 63,369		$ 68,726
Extension term		5 years
Increase in liability		$ 1,326	$ 32,079
Minimum [Member]
Leases [Line Items]
Lease term		2 years 6 months
Maximum [Member]
Leases [Line Items]
Lease term		8 years
Office Space [Member]
Leases [Line Items]
Operating lease liabilities		$ 3,000
Lease term		11 years 6 months
Scenario, Forecast [Member]
Leases [Line Items]
Change in leased area	40.00%

Leases (Components of Lease Cos

Leases (Components of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Leases [Abstract]
Fixed	$ 2,815	$ 5,897
Short-term	132	371
Total lease cost	$ 2,947	$ 6,268

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Right of use asset	$ 53,442	$ 56,507
Lease liability, current	15,063	14,960
Lease liability, long-term	48,306	53,766
Total operating lease liabilities	$ 63,369	$ 68,726

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 8,982
Operating leases	$ 1,326	$ 32,079

Leases (Aggregate Future Operat

Leases (Aggregate Future Operating Lease Payments) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020		$ 17,743
2020 (Excluding the six months ended June 30, 2020)	$ 8,761
2021	17,411	17,200
2022	10,205	9,969
2023	9,074	8,832
2024	8,332	8,082
Thereafter	18,039	16,164
Total lease payments	71,822	77,990
Less: Interest	(8,453)	(9,263)
Total	$ 63,369	$ 68,726

Leases (Operating Lease Informa

Leases (Operating Lease Information) (Details)	Jun. 30, 2020
Leases [Abstract]
Weighted-average remaining lease term (years)	7 years 2 months 12 days
Weighted-average discount rate	4.50%

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Contract assets, current	$ 0	$ 0
Contract assets, noncurrent	0	0
Deferred revenue and customer deposits	36,198,000	36,198,000	$ 5,607,000
Performance obligation	55,684,000	$ 55,684,000
Provision for doubtful accounts	$ 334,000
Minimum [Member] | Railcar Sales [Member]
Disaggregation of Revenue [Line Items]
Accounts Receivable, Term		5 days
Minimum [Member] | Parts Sales [Member]
Disaggregation of Revenue [Line Items]
Accounts Receivable, Term		30 days
Maximum [Member] | Railcar Sales [Member]
Disaggregation of Revenue [Line Items]
Accounts Receivable, Term		10 days
Maximum [Member] | Parts Sales [Member]
Disaggregation of Revenue [Line Items]
Accounts Receivable, 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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 16,044	$ 71,979	$ 19,783	$ 141,006
Leasing revenues	1,414	1,682	2,872	3,363
Total revenues	17,458	73,661	22,655	144,369
Railcar Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	13,746	69,173	15,272	135,117
Parts Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	2,297	2,795	4,510	5,859
Other sales [Member]
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 1	$ 11	$ 1	$ 30

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2020segment
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 17,458	$ 73,661	$ 22,655	$ 144,369
Operating (Loss) Income	(12,948)	(15,843)	(30,041)	(30,359)
Consolidated interest expense and deferred financing costs	(167)	(115)	(463)	(151)
Consolidated other income	134	83	358	402
Loss before income taxes	(12,981)	(15,875)	(30,146)	(30,108)
Restructuring and impairment charges	267	1,319	1,147	1,319
Manufacturing [Member]
Segment Reporting Information [Line Items]
Restructuring and impairment charges	267		1,147
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	17,458	73,661	22,655	144,369
Operating (Loss) Income	(12,948)	(15,843)	(30,041)	(30,359)
Consolidated interest expense and deferred financing costs	(167)	(115)	(463)	(151)
Consolidated other income	134	83	358	402
Loss before income taxes	(12,981)	(15,875)	(30,146)	(30,108)
Depreciation and amortization	2,871	3,266	5,884	6,471
Capital expenditures	3,338	1,275	7,009	2,034
Operating Segments [Member] | Manufacturing [Member]
Segment Reporting Information [Line Items]
Revenues	15,129	70,817	18,069	138,412
Operating (Loss) Income	(8,348)	(3,019)	(20,148)	(12,656)
Depreciation and amortization	2,688	3,075	5,483	6,097
Capital expenditures	3,033	898	5,953	1,432
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	2,329	2,844	4,586	5,957
Operating (Loss) Income	(4,600)	(12,824)	(9,893)	(17,703)
Depreciation and amortization	183	191	401	374
Capital expenditures	$ 305	$ 377	$ 1,056	$ 602

Segment Information (Reconcilia

Segment Information (Reconciliation of Assets from Segment to Consolidated) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Consolidated income taxes receivable	$ 1,027	$ 535
Total assets	253,784	245,202
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total operating assets	252,760	244,188
Consolidated income taxes receivable	1,027	1,014
Consolidated deferred income taxes, long-term	(3)
Total assets	253,784	245,202
Operating Segments [Member] | Manufacturing [Member]
Segment Reporting Information [Line Items]
Total operating assets	182,141	156,859
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total operating assets	$ 70,619	$ 87,329

Segment Information (Geographic

Segment Information (Geographic Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 17,458	$ 73,661	$ 22,655	$ 144,369
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	17,458	73,661	22,655	144,369
Long-Lived Assets	131,303		131,303		$ 133,971
Operating Segments [Member] | United States [Member]
Segment Reporting Information [Line Items]
Revenues	17,458	$ 73,661	22,655	$ 144,369
Long-Lived Assets	125,748		125,748		132,825
Operating Segments [Member] | Mexico [Member]
Segment Reporting Information [Line Items]
Long-Lived Assets	$ 5,555		$ 5,555		$ 1,146

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	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) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents and restricted cash equivalents	$ 4,303	$ 4,580
Restricted certificates of deposit	3,855	3,769
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 and restricted cash equivalents	4,303	4,580
Restricted certificates of deposit	3,855	3,769
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Escrow receivable	$ 930	$ 930

Restricted Cash (Details)

Restricted Cash (Details) $ in Thousands	Jun. 30, 2020USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 13,895
Customer Deposit [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	13,692
Collateralize Standby Letters Of Credit [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 203

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventories [Abstract]
Inventory valuation reserves	$ 10,685	$ 5,633

Inventories (Schedule of Invent

Inventories (Schedule of Inventory Current) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventories [Abstract]
Work in process	$ 41,978	$ 19,742
Finished new railcars
Parts inventory	5,138	5,350
Total inventories, net	$ 47,116	$ 25,092

Debt Financing and Revolving _3

Debt Financing and Revolving Credit Facilities (Narrative) (Details)	Feb. 21, 2020USD ($)	Apr. 16, 2019USD ($)item	Jun. 30, 2020USD ($)	Apr. 12, 2019USD ($)
Line of Credit Facility [Line Items]
2021			$ 7,500,000
2022			2,500,000
Paycheck Protection Program Loan [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount			$ 10,000,000
Interest rate			1.00%
Term			2 years
BMO Harris Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount				$ 50,000,000
Line of Credit Facility, Expiration Date			Apr. 12, 2024
Maximum borrowing capacity				42,500,000
Outstanding borrowings			$ 0
Current borrowing capacity			10,195,000
qualified unrestricted cash, percent	100.00%
Qualified unrestricted cash	$ 4,000,000
BMO Harris Bank [Member] | Revolving Sub-Credit Facility [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount				$ 10,000,000
Outstanding borrowings			4,000,000
M & T Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Collateral carrying value			$ 16,253,000
Aggregate principal amount		$ 40,000,000
Line of Credit Facility, Expiration Date			Apr. 16, 2021
Outstanding borrowings			$ 10,200,000
Interest coverage ratio | item		1.25
Interest rate			2.24%
M & T Bank [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.05%

Debt Financing and Revolving _4

Debt Financing and Revolving Credit Facilities (Long-Term Debt) (Details) $ in Thousands	Jun. 30, 2020USD ($)
Debt Instrument [Line Items]
Total debt	$ 20,200
Less amounts due within one year	(13,950)
Long-term debt, net of current portion	6,250
M&T Credit Agreement [Member]
Debt Instrument [Line Items]
Total debt	10,200
Paycheck Protection Program Loan [Member]
Debt Instrument [Line Items]
Total debt	$ 10,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Schedule of Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	$ 140	$ 44	$ 281	$ 87
After-Tax	140	44	281	87
Accumulated Defined Benefit Plans Adjustment, Actuarial Gain (Loss) Attributable to Parent [Member] | Pension Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax			281
After-Tax			$ 281
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | Pension Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax	140	137		274
After-Tax	$ 140	137		274
Reclassification out of Accumulated Other Comprehensive Income [Member] | 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)		(194)
After-Tax		(97)		(194)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] | Postretirement Benefit Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-Tax		4		7
After-Tax		$ 4		$ 7

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax	$ 87,300	$ 100,350	$ 117,154	$ 164,201	$ 180,459	$ 193,610
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	(10,499)		(10,780)
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	(10,499)		(10,780)
Accumulated other comprehensive loss, tax	$ 6,282		$ 6,282

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ (156)	$ (415)	$ 94	$ 274
Unearned compensation	1,569		$ 1,569
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining requisite service period			22 months
Time-Vested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned compensation related to options	330		$ 330
Remaining service period			18 months
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Vesting Period			3 years
Award contractual term			10 years
Estimated fair value	$ 470		$ 470
Options Outstanding (shares)	869,033		869,033
Certain Employees [Member] | Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted			1,129,464
Options forfeited			260,431

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Option Grants) (Details) - Stock Appreciation Rights (SARs) [Member]	6 Months Ended
	Jun. 30, 2020$ / shares
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	5 years 7 months 6 days
Expected Volatility	57.50%
Expected Dividend Yield	0.00%
Risk Free Interest Rate	0.33%
Fair Value Per Award	$ 0.54
3/9/2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant Year	2020
Grant Date	Mar. 9, 2020
Expected Life	5 years 8 months 12 days
Expected Volatility	57.39%
Expected Dividend Yield	0.00%
Risk Free Interest Rate	0.34%
Fair Value Per Award	$ 0.59
4/7/2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant Year	2020
Grant Date	Apr. 7, 2020
Expected Life	5 years 9 months 18 days
Expected Volatility	57.24%
Expected Dividend Yield	0.00%
Risk Free Interest Rate	0.35%
Fair Value Per Award	$ 0.71

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plan expense recognized		$ 372,000		$ 743,000
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected total contributions for current fiscal year	$ 0		$ 0
Employer contributions	0	0	0	0
Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions	$ 0	$ 158,000	$ 0	$ 276,000

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 358	$ 466	$ 716	$ 932
Expected return on plan assets	(609)	(555)	(1,218)	(1,110)
Amortization of unrecognized net (gain) loss	140	137	280	274
Total net periodic benefit cost	$ (111)	48	$ (222)	96
Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		5		10
Interest cost		45		90
Amortization of prior service cost		4		8
Amortization of unrecognized net (gain) loss		(97)		(194)
Total net periodic benefit cost		$ (43)		$ (86)

Contingencies and Legal Settl_2

Contingencies and Legal Settlements (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended			36 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2015	Dec. 31, 2022
State and local incentives received			$ 1,410	$ 15,733
Deferred liability balance	$ 5,831
Contingency losses		$ 7,500
Settlement payments		$ 3,500
Settlement payment term	3 years
Maximum [Member]
Incentive term	6 years
Scenario, Forecast [Member]
Settlement payments					$ 4,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Anti-dilutive common shares excluded from computation of earnings per share amount	1,107,304	707,395	1,076,577	668,370

Earnings Per Share (Weighted Av

Earnings Per Share (Weighted Average Common Shares Outstanding) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Weighted average common shares outstanding (shares)	12,405,011	12,352,271	12,385,946	12,344,684
Dilutive effect of employee stock options and nonvested share awards (shares)
Weighted average diluted common shares outstanding (shares)	12,405,011	12,352,271	12,385,946	12,344,684

Restructuring and Impairment _3

Restructuring and Impairment Charges (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Restructuring and Impairment Charges [Abstract]
Gain related to lease termination	$ 2,224
Restructuring and impairment charges	$ 3,295

Restructuring and Impairment _4

Restructuring and Impairment Charges (Components of Restructuring and Impairment Charges) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring and Impairment Charges [Abstract]
Impairment charge for leasehold improvements and equipment		$ 1,319	$ 438	$ 1,319
Employee severance and retention	$ 1		(3)
Other charges related to facility closure	266		712
Total restructuring and impairment charges	$ 267	$ 1,319	$ 1,147	$ 1,319

Restructuring and Impairment _5

Restructuring and Impairment Charges (Schedule Of Restructuring Reserve Activity) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Accrued	$ 1,006
Cash Charges	794
Non-cash charges	352	$ 1,319
Cash payments	(1,733)
Accrued	67
Impairment Charges For Leasehold Improvements And Equipment [Member]
Restructuring Cost and Reserve [Line Items]
Non-cash charges		$ 1,319
Loss On Disposal Of Machinery And Equipment [Member]
Restructuring Cost and Reserve [Line Items]
Non-cash charges	438
Employee Severance And Retention [Member]
Restructuring Cost and Reserve [Line Items]
Accrued	647
Cash Charges	(4)
Cash payments	(636)
Accrued	7
Other Charges Related To Facility Closure [Member]
Restructuring Cost and Reserve [Line Items]
Accrued	359
Cash Charges	798
Non-cash charges	(86)
Cash payments	(1,097)
Accrued	$ 60

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member]	Aug. 07, 2020USD ($)
Subsequent Event [Line Items]
Payment Demand Amount	$ 5,081,000
Payment Demand Amount, Payment	$ 0
Payment Demand Amount, Term	5 days