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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
 
Three Months Ended
 
March 31,
2018
 
June 30,
2018
 
September 30,
2018
 
December 31,
2018
 
(in millions except per share data)
Revenues:
 
 
 
 
 
 
 
Manufacturing
$
358.9

 
$
420.8

 
$
379.7

 
$
507.7

Leasing
174.3

 
213.2

 
227.2

 
227.3

 
533.2

 
634.0

 
606.9

 
735.0

Operating costs:
 
 
 
 
 
 
 
Costs of revenues:
 
 
 
 
 
 
 
Manufacturing
306.5

 
363.4

 
333.5

 
456.4

Leasing
93.4

 
118.5

 
133.0

 
134.1

 
399.9

 
481.9

 
466.5

 
590.5

Selling, engineering, and administrative expenses
73.4

 
75.6

 
75.6

 
72.0

Gains on disposition of property
2.2

 
11.5

 
10.4

 
17.3

Operating profit
62.1

 
88.0

 
75.2

 
89.8

Income from continuing operations before income taxes
20.9

 
49.8

 
35.2

 
45.7

Provision for income taxes
5.7

 
12.5

 
6.7

 
17.7

Income from continuing operations
15.2

 
37.3

 
28.5

 
28.0

Income (loss) from discontinued operations, net of income taxes
26.4

 
28.2

 
(0.2
)
 
(0.3
)
Net income
41.6

 
65.5

 
28.3

 
27.7

Net income attributable to Trinity Industries, Inc.
$
40.2

 
$
64.1

 
$
27.7

 
$
27.3

 
 
 
 
 
 
 
 
Basic earnings per common share (1):
 
 
 
 
 
 
 
Income from continuing operations
$
0.09

 
$
0.24

 
$
0.19

 
$
0.20

Income (loss) from discontinued operations
0.18

 
0.19

 
—

 
—

Basic net income attributable to Trinity Industries, Inc.
$
0.27

 
$
0.43

 
$
0.19

 
$
0.20

Diluted earnings per common share (1):
 
 
 
 
 
 
 
Income from continuing operations
$
0.09

 
$
0.24

 
$
0.19

 
$
0.19

Income (loss) from discontinued operations
0.17

 
0.19

 
—

 
—

Diluted net income attributable to Trinity Industries, Inc.
$
0.26

 
$
0.43

 
$
0.19

 
$
0.19

_________________
(1) The sum of the quarters may not necessarily be equal to the full year net income per common share amount.



 
Three Months Ended
 
March 31,
2017
 
June 30,
2017
 
September 30,
2017
 
December 31, 2017
 
(in millions except per share data)
Revenues:
 
 
 
 
 
 
 
Manufacturing
$
352.0

 
$
403.8

 
$
380.8

 
$
418.6

Leasing
178.6

 
191.9

 
274.9

 
196.8

 
530.6

 
595.7

 
655.7

 
615.4

Operating costs:
 
 
 
 
 
 
 
Costs of revenues:
 
 
 
 
 
 
 
Manufacturing
304.2

 
358.6

 
324.2

 
355.8

Leasing
83.6

 
92.2

 
156.6

 
100.0

 
387.8

 
450.8

 
480.8

 
455.8

Selling, engineering, and administrative expenses
79.2

 
85.8

 
85.8

 
88.5

Gains on disposition of property
1.0

 
24.0

 
16.0

 
44.4

Operating profit
64.6

 
83.1

 
105.1

 
115.5

Income from continuing operations before income taxes
22.4

 
38.8

 
60.2

 
74.0

Provision (benefit) for income taxes
3.0

 
16.7

 
23.4

 
(457.9
)
Income from continuing operations
19.4

 
22.1

 
36.8

 
531.9

Income (loss) from discontinued operations, net of income taxes
32.3

 
31.9

 
31.1

 
8.1

Net income
51.7

 
54.0

 
67.9

 
540.0

Net income attributable to Trinity Industries, Inc.
$
46.0

 
$
51.1

 
$
66.9

 
$
538.5

 
 
 
 
 
 
 
 
Basic earnings per common share (1):
 
 
 
 
 
 
 
Income from continuing operations
$
0.09

 
$
0.13

 
$
0.23

 
$
3.51

Income (loss) from discontinued operations
0.21

 
0.21

 
0.21

 
0.05

Basic net income attributable to Trinity Industries, Inc.
$
0.30

 
$
0.34

 
$
0.44

 
$
3.56

Diluted earnings per common share (1):
 
 
 
 
 
 
 
Income from continuing operations
$
0.09

 
$
0.12

 
$
0.23

 
$
3.37

Income (loss) from discontinued operations
0.21

 
0.21

 
0.20

 
0.05

Diluted net income attributable to Trinity Industries, Inc.
$
0.30

 
$
0.33

 
$
0.43

 
$
3.42


_________________
(1) The sum of the quarters may not necessarily be equal to the full year net income per common share amount.