Earnings per Share (Tables)

9 Months Ended

Sep. 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/(loss) per common share for the three and nine months ended September 30, 2013 and 2012 (in thousands, except per share amounts):



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Numerators:
Amounts attributable to Genesee & Wyoming Inc. common stockholders:
Income/(loss) from continuing operations, net of tax	$	65,712		$	(19,567	)	$	213,062		$	39,064
Loss from discontinued operations, net of tax	(25		)	—			(43		)	(27		)
Less: Series A-1 Preferred Stock dividend	—			—			2,139			—
Net income/(loss) available to common stockholders	$	65,687		$	(19,567	)	$	210,880		$	39,037
Denominators:
Weighted average Class A common shares outstanding - basic	54,626			41,682			53,475			40,888
Weighted average Class B common shares outstanding	1,650			—			1,692			2,105
Dilutive effect of employee stock-based awards	462			—			506			478
Dilutive effect of Series A-1 Preferred Stock	—			—			964			—
Weighted average shares - diluted	56,738			41,682			56,637			43,471
Earnings/(loss) per common share attributable to Genesee & Wyoming Inc. common stockholders:
Basic:
Earnings/(loss) per common share from continuing operations	$	1.20		$	(0.47	)	$	3.94		$	0.96
Loss per common share from discontinued operations	—			—			—			—
Earnings/(loss) per common share	$	1.20		$	(0.47	)	$	3.94		$	0.95
Diluted:
Earnings/(loss) per common share from continuing operations	$	1.16		$	(0.47	)	$	3.76		$	0.90
Loss per common share from discontinued operations	—			—			—			—
Earnings/(loss) per common share	$	1.16		$	(0.47	)	$	3.76		$	0.90

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/(loss) per common share, as the effect of including these shares would have been anti-dilutive (in thousands):



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2013	2012	2013	2012
Anti-dilutive shares	129	665	90	264

Schedule of Increase in Weighted Average Shares [Table Text Block]

The following table sets forth the increase in the Company's weighted average basic shares outstanding for the three and nine months ended September 30, 2013 and 2012 as a result of the Company's public offering of Class A common stock, shares issuable upon settlement of the prepaid stock purchase contract component of the TEUs based on the market price of the Company's Class A common stock and from the February 13, 2013 conversion of the Series A-1 Preferred Stock into the Company's Class A common stock:



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2013	2012	2013	2012
Class A common stock offering	3,791,004	453,272	3,791,004	152,194
Shares issuable upon settlement of the prepaid stock purchase contract component of the TEUs	2,841,650	411,307	2,841,650	138,103
Conversion of Series A-1 Preferred Stock	5,984,232	—	5,019,740	—

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 September 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	56,738
Middle of range of common stock equivalents	$	73.00	3,151	57,047
Maximum common stock equivalents	$	64.75	3,552	57,448