Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2018 and 2017 (in thousands, except per share amounts):



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
Numerators:
Net income attributable to Genesee & Wyoming Inc.	$	69,590	$	50,240	$	188,856	$	122,485
Denominators:
Weighted average Class A common shares outstanding – Basic	59,168		61,629		60,343		61,518
Weighted average Class B common shares outstanding	664		723		679		743
Dilutive effect of employee stock-based awards	299		125		233		138
Weighted average shares – Diluted	60,131		62,477		61,255		62,399
Earnings per common share attributable to Genesee & Wyoming Inc. common stockholders:
Basic earnings per common share	$	1.18	$	0.82	$	3.13	$	1.99
Diluted earnings per common share	$	1.16	$	0.80	$	3.08	$	1.96

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following total number of shares of Class A Common Stock issuable under the assumed exercise of stock-based awards 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 antidilutive (in thousands):



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2018	2017	2018	2017
Antidilutive shares	704	1,245	1,045	1,302

Class of Treasury Stock [Table Text Block]

The table below presents information regarding shares repurchased by the Company under the Repurchase Program during the three and nine months ended September 30, 2018 (in thousands, except for per share amounts):



	Three Months Ended September 30, 2018		Nine Months Ended September 30, 2018
Class A Common Stock repurchased	894		3,560
Average price paid per share of Class A Common Stock repurchased	$	87.46	$	75.99
Shares excluded from weighted-average basic shares outstanding	301		1,707