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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Computation of basic and diluted net income attributable to Trinity Industries, Inc.
The computation of basic and diluted net income attributable to Trinity Industries, Inc. follows. Amounts previously reported have been adjusted to reflect discontinued operations resulting from the expected sale of the Company's ready-mix concrete operations. See Note 2 Acquisitions and Divestitures.
 
Year Ended
December 31, 2012
 
(in millions, except per share amounts)
 
Income
(Loss)
 
Average
Shares
 
EPS
Net income from continuing operations
$
251.9

 
 
 
 
Less: net loss from continuing operations attributable to noncontrolling interest
(1.5
)
 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc.
253.4

 
 
 
 
Unvested restricted share participation
(7.7
)
 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – basic
245.7

 
77.3

 
$
3.18

Effect of dilutive securities:
 
 
 
 
 
Stock options

 
0.2

 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – diluted
$
245.7

 
77.5

 
$
3.17

 
 
 
 
 
 
Net income from discontinued operations, net of taxes
$
1.8

 
 
 
 
Unvested restricted share participation
(0.1
)
 
 
 
 
Net income from discontinued operations, net of taxes – basic
1.7

 
77.3

 
$
0.02

Effect of dilutive securities:
 
 
 
 
 
Stock options

 
0.2

 
 
Net income from discontinued operations, net of taxes – diluted
$
1.7

 
77.5

 
$
0.02

 
Year Ended
December 31, 2011
 
(in millions, except per share amounts)
 
Income
(Loss)
 
Average
Shares
 
EPS
Net income from continuing operations
$
146.8

 
 
 
 
Less: net income from continuing operations attributable to noncontrolling interest
3.5

 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc.
143.3

 
 
 
 
Unvested restricted share participation
(5.0
)
 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – basic
138.3

 
77.5

 
$
1.78

Effect of dilutive securities:
 
 
 
 
 
Stock options

 
0.3

 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – diluted
$
138.3

 
77.8

 
$
1.78

 
 
 
 
 
 
Net loss from discontinued operations, net of taxes
$
(1.1
)
 
 
 
 
Unvested restricted share participation

 
 
 
 
Net loss from discontinued operations, net of taxes – basic
(1.1
)
 
77.5

 
$
(0.01
)
Effect of dilutive securities:
 
 
 
 
 
Stock options

 
0.3

 
 
Net loss from discontinued operations, net of taxes – diluted
$
(1.1
)
 
77.8

 
$
(0.01
)
 
Year Ended
December 31, 2010
 
(in millions, except per share amounts)
 
Income
(Loss)
 
Average
Shares
 
EPS
Net income from continuing operations
$
69.4

 
 
 
 
Less: net income from continuing operations attributable to noncontrolling interest
8.0

 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc.
61.4

 
 
 
 
Unvested restricted share participation
(2.1
)
 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – basic
59.3

 
76.8

 
$
0.77

Effect of dilutive securities:
 
 
 
 
 
Stock options

 
0.2

 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – diluted
$
59.3

 
77.0

 
$
0.77

 
 
 
 
 
 
Net income from discontinued operations, net of taxes
$
6.0

 
 
 
 
Unvested restricted share participation
(0.2
)
 
 
 
 
Net income from discontinued operations, net of taxes – basic
5.8

 
76.8

 
$
0.08

Effect of dilutive securities:
 
 
 
 
 
Stock options

 
0.2

 
 
Net income from discontinued operations, net of taxes – diluted
$
5.8

 
77.0

 
$
0.08