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Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2014
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.
 
Three Months Ended
June 30, 2014
 
Three Months Ended
June 30, 2013
 
Income
(Loss)
 
Average
Shares
 
EPS
 
Income
(Loss)
 
Average
Shares
 
EPS
 
(in millions, except per share amounts)
Net income from continuing operations
$
173.3

 
 
 
 
 
$
89.2

 
 
 
 
Less: net income from continuing operations attributable to noncontrolling interest
8.9

 
 
 
 
 
4.2

 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc.
164.4

 
 
 
 
 
85.0

 
 
 
 
Unvested restricted share participation
(5.5
)
 
 
 
 
 
(2.7
)
 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – basic
158.9

 
151.0

 
$
1.05

 
82.3

 
154.0

 
$
0.53

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options
—

 
0.1

 
 
 
—

 
0.1

 
 
Convertible subordinated notes
0.2

 
6.3

 
 
 
—

 
—

 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – diluted
$
159.1

 
157.4

 
$
1.01

 
$
82.3

 
154.1

 
$
0.53

 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from discontinued operations, net of taxes
$
(0.2
)
 
 
 
 
 
$
(1.0
)
 
 
 
 
Unvested restricted share participation
—

 
 
 
 
 
—

 
 
 
 
Net income (loss) from discontinued operations, net of taxes – basic
(0.2
)
 
151.0

 
$
—

 
(1.0
)
 
154.0

 
$
(0.01
)
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options
—

 
0.1

 
 
 
—

 
0.1

 
 
Convertible subordinated notes
—

 
6.3

 
 
 
—

 
—

 
 
Net income (loss) from discontinued operations, net of taxes – diluted
$
(0.2
)
 
157.4

 
$
—

 
$
(1.0
)
 
154.1

 
$
(0.01
)


 
Six Months Ended
June 30, 2014
 
Six Months Ended
June 30, 2013
 
Income
(Loss)
 
Average
Shares
 
EPS
 
Income
(Loss)
 
Average
Shares
 
EPS
 
(in millions, except per share amounts)
Net income from continuing operations
$
406.6

 
 
 
 
 
$
161.4

 
 
 
 
Less: net income from continuing operations attributable to noncontrolling interest
15.5

 
 
 
 
 
3.9

 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc.
391.1

 
 
 
 
 
157.5

 
 
 
 
Unvested restricted share participation
(13.3
)
 
 
 
 
 
(5.0
)
 
 
 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – basic
377.8

 
150.5

 
$
2.51

 
152.5

 
154.0

 
$
0.99

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options
—

 
0.1

 
 
 
—

 
0.2

 
 
Convertible subordinated notes
0.4

 
5.0

 
 
 
—

 
—

 
 
Net income from continuing operations attributable to Trinity Industries, Inc. – diluted
$
378.2

 
155.6

 
$
2.43

 
$
152.5

 
154.2

 
$
0.99

 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from discontinued operations, net of taxes
$
(0.5
)
 
 
 
 
 
$
5.6

 
 
 
 
Unvested restricted share participation
—

 
 
 
 
 
(0.2
)
 
 
 
 
Net income (loss) from discontinued operations, net of taxes – basic
(0.5
)
 
150.5

 
$
—

 
5.4

 
154.0

 
$
0.04

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options
—

 
0.1

 
 
 
—

 
0.2

 
 
Convertible subordinated notes
—

 
5.0

 
 
 
—

 
—

 
 
Net income (loss) from discontinued operations, net of taxes – diluted
$
(0.5
)
 
155.6

 
$
—

 
$
5.4

 
154.2

 
$
0.04