Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2013 and 2012 (in thousands, except per share amounts):



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Numerators:
Amounts attributable to Genesee & Wyoming Inc. common stockholders:
Income from continuing operations, net of tax	$	64,779		$	36,387		$	147,350		$	58,631
Loss from discontinued operations, net of tax	(9		)	(24		)	(18		)	(27		)
Less: Series A-1 Preferred Stock dividend	—			—			2,139			—
Net income available to common stockholders	$	64,770		$	36,363		$	145,193		$	58,604
Denominators:
Weighted average Class A common shares outstanding - Basic	54,434			40,614			52,891			40,487
Weighted average Class B common shares outstanding	1,700			2,112			1,713			2,139
Dilutive effect of employee stock grants	542			427			574			490
Dilutive effect of Series A-1 Preferred Stock	—			—			1,455			—
Weighted average shares - Diluted	56,676			43,153			56,633			43,116
Earnings per common share attributable to Genesee & Wyoming Inc. common stockholders:
Basic:
Earnings per common share from continuing operations	$	1.19		$	0.90		$	2.75		$	1.45
Loss per common share from discontinued operations	—			—			—			—
Earnings per common share	$	1.19		$	0.90		$	2.75		$	1.45
Diluted:
Earnings per common share from continuing operations	$	1.14		$	0.84		$	2.60		$	1.36
Loss per common share from discontinued operations	—			—			—			—
Earnings per common share	$	1.14		$	0.84		$	2.60		$	1.36

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following total number of Class A common stock issuable under the assumed exercise of stock options computed based on the treasury stock method were excluded from the calculation of diluted earnings per common share, as the effect of including these shares would have been anti-dilutive (in thousands):



	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
Anti-dilutive shares	98	274	87	245

Schedule of TEU Impact on Weighted Average Dilutive Shares [Table Text Block]

Accordingly, for illustrative purposes, the following table provides the calculated impact on the Company's weighted average diluted shares outstanding for the three months ended June 30, 2013 assuming the conversion of the Company's outstanding TEUs into Class A common stock based on the assumptions for the Company's stock price stated in the table (in thousands, except per share amounts):



	Assumed Market Price of Class A Common Stock		TEU Common Stock Equivalents	Weighted Average Diluted Shares Outstanding
Minimum common stock equivalents	$	80.94	2,842	56,676
Middle of range of common stock equivalents	$	73.00	3,151	56,985
Maximum common stock equivalents	$	64.75	3,552	57,386