Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per common share (EPS) for the years ended December 31, 2015, 2014 and 2013 (in thousands, except per share amounts):



	2015		2014		2013
Numerators:
Net income attributable to Genesee & Wyoming Inc. common stockholders	$	225,037	$	260,755	$	271,296
Less: Series A-1 Preferred Stock dividend	—		—		2,139
Net income available to common stockholders	$	225,037	$	260,755	$	269,157
Denominators:
Weighted average Class A common shares outstanding -Basic	56,734		55,305		53,788
Weighted average Class B common shares outstanding	884		1,305		1,675
Dilutive effect of employee stock-based awards	230		362		494
Dilutive effect of Series A-1 Preferred Stock	—		—		722
Weighted average shares - Diluted	57,848		56,972		56,679
Earnings per common share attributable to Genesee & Wyoming Inc. common stockholders:
Basic earnings per common share	$	3.97	$	4.71	$	5.00
Diluted earnings per common share	$	3.89	$	4.58	$	4.79

Schedule of Weighted Average Number of Shares

The total potential issuable common shares outstanding, which include options, restricted stock units and performance-based restricted stock units, used to calculate weighted average share equivalents for diluted EPS as of December 31, 2015, 2014 and 2013, was as follows (in thousands):



	2015	2014	2013
Potential issuable common shares used to calculate weighted average share equivalents	1,280	1,063	1,063

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share



	2015	2014	2013
Anti-dilutive shares	716	319	105