Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2019

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 months ended March 31, 2019 and 2018 (in thousands, except per share amounts):



	Three Months Ended
	March 31,
	2019		2018
Numerators:
Net income attributable to Genesee & Wyoming Inc.	$	38,706	$	75,098
Denominators:
Weighted average Class A common shares outstanding – Basic	56,368		61,918
Weighted average Class B common shares outstanding	498		701
Dilutive effect of employee stock-based awards	266		268
Weighted average shares – Diluted	57,132		62,887
Earnings per common share attributable to Genesee & Wyoming Inc. common stockholders:
Basic earnings per common share	$	0.69	$	1.21
Diluted earnings per common share	$	0.68	$	1.19

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
	March 31,
	2019	2018
Antidilutive shares	717	945

Class of Treasury Stock [Table Text Block]

The table below presents information regarding shares repurchased by the Company under the share repurchase programs during the three months ended March 31, 2019 and 2018 (in thousands, except for per share amounts):



	Three Months Ended
	March 31,
	2019		2018
Class A Common Stock repurchased	65		793
Average price paid per share of Class A Common Stock repurchased	$	73.94	$	72.35