Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Preliminary Estimated Fair Values of Assets Acquired and Liabilities Assumed

For the Napier, Transdyne, Turbonetics and Longwood acquisition, the following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of the acquisition.  For the Winco acquisition, the following table summarizes the final fair values of the assets acquired and liabilities assumed at the date of the acquisition.

	Longwood			Turbonetics			Transdyne			Napier			Winco
In thousands	September 24, 2013			July 30, 2013			February 26, 2013			January 31, 2013			July 31, 2012
Current assets	$	18,162		$	5,562		$	1,062		$	15,848		$	1,584
Property, plant & equipment		14,838			996			83			8,836			47
Goodwill and other intangible assets		75,411			18,135			1,485			106,030			6,471
Other assets		187			—			—			—			1,825
Total assets acquired		108,598			24,693			2,630			130,714			9,927
Total liabilities assumed		(24,735	)		(1,510	)		(228	)		(18,373	)		(6,271	)
Net assets acquired	$	83,863		$	23,183		$	2,402		$	112,341		$	3,656

For the LH, Tec Tran and Mors Smitt acquisitions, the following table summarizes the final fair values of the assets acquired and liabilities assumed at the date of the acquisition.

	LH Group			Tec Tran			Mors Smitt
In thousands	October 1, 2012			July 13, 2012			June 14, 2012
Current assets	$	19,126		$	1,955		$	23,649
Property, plant & equipment		5,874			116			10,389
Goodwill and other intangible assets		38,712			6,717			79,730
Other assets		—			—			944
Total assets acquired		63,712			8,788			114,712
Total liabilities assumed		(15,592	)		(470	)		(24,724	)
Net assets acquired	$	48,120		$	8,318		$	89,988

Pro Forma Financial Information

The following unaudited pro forma financial information presents income statement results as if the acquisition of Winco, Mors Smitt, Tec Tran, LH, Napier, Transdyne, Turbonetics and Longwood had occurred January 1, 2012:

	For the year ended December 31,
In thousands, except per share	2013		2012
Net sales	$	2,629,417	$	2,622,843
Gross profit		777,139		759,368
Net income attributable to Wabtec shareholders		297,040		275,403
Diluted earnings per share
As reported	$	3.01	$	2.60
Pro forma	$	3.07	$	2.84