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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Data

In thousands, except per share data

    First
Quarter		      Second
Quarter		      Third
Quarter		      Fourth
Quarter		  

2012

            

Net sales

    $ 583,309       $ 609,820       $ 587,593       $ 610,400   

Gross profit

      169,381         173,427         171,279         180,480   

Income from operations

      94,110         100,865         96,842         100,462   

Net income attributable to Wabtec shareholders

      59,261         64,712         62,994         64,765   

Basic earnings from operations per common share

    $ 1.24       $ 1.35       $ 1.32       $ 1.35   

Diluted earnings from operations per common share

    $ 1.22       $ 1.33       $ 1.30       $ 1.34   

2011

            

Net sales

    $ 455,259       $ 478,899       $ 498,840       $ 534,639   

Gross profit

      133,195         142,744         147,151         147,334   

Income from operations (1)

      66,377         56,362         75,453         72,509   

Net income attributable to Wabtec shareholders (2)

      40,952         36,334         46,600         46,263   

Basic earnings from operations per common share

    $ 0.85       $ 0.75       $ 0.97       $ 0.96   

Diluted earnings from operations per common share

    $ 0.85       $ 0.75       $ 0.96       $ 0.96   

The Company operates on a four-four-five week accounting quarter, and the quarters end on or about March 31, June 30 and September 30. The fiscal year ends on December 31.

 

(1) The second quarter of 2011 includes an $18.1 million charge for a court ruling.
(2) The second quarter of 2011 includes tax benefits of $1.7 million primarily related to resolving certain tax issues from prior periods that have been closed from further regulatory examination. The third quarter of 2012 includes tax benefits of $1.7 million due to claims for refund.