XML 42 R41.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2019
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. is as follows.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(in millions, except per share amounts)
Income from continuing operations
$
48.1

 
$
28.5

 
$
116.9

 
$
81.0

Less: Net (income) loss attributable to noncontrolling interest
1.3

 
(0.6
)
 
1.4

 
(3.4
)
Unvested restricted share participation — continuing operations
(0.6
)
 
(0.6
)
 
(1.6
)
 
(1.9
)
Net income from continuing operations attributable to Trinity Industries, Inc.
48.8

 
27.3

 
116.7

 
75.7

Net income (loss) from discontinued operations, net of income taxes
(0.4
)
 
(0.2
)
 
(2.3
)
 
54.4

Unvested restricted share participation — discontinued operations
—

 
—

 
—

 
(0.5
)
Net income (loss) from discontinued operations attributable to Trinity Industries, Inc.
(0.4
)
 
(0.2
)
 
(2.3
)
 
53.9

Net income attributable to Trinity Industries, Inc., including the effect of unvested restricted share participation
$
48.4

 
$
27.1

 
$
114.4

 
$
129.6

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
124.7

 
145.0

 
127.6

 
146.1

Effect of dilutive securities:
 
 
 
 
 
 
 
Nonparticipating unvested RSUs and RSAs
1.3

 
0.8

 
1.6

 
0.9

Convertible subordinated notes
—

 
—

 
—

 
1.8

Diluted weighted average shares outstanding
126.0

 
145.8

 
129.2

 
148.8

 
 
 
 
 
 
 
 
Basic earnings per common share:
 
 
 
 
 
 
 
Income from continuing operations
$
0.39

 
$
0.19

 
$
0.91

 
$
0.52

Income (loss) from discontinued operations
—

 
—

 
(0.02
)
 
0.37

Basic net income attributable to Trinity Industries, Inc.
$
0.39

 
$
0.19

 
$
0.89

 
$
0.89

Diluted earnings per common share:
 
 
 
 
 
 
 
Income from continuing operations
$
0.39

 
$
0.19

 
$
0.90

 
$
0.51

Income (loss) from discontinued operations
—

 
—

 
(0.02
)
 
0.36

Diluted net income attributable to Trinity Industries, Inc.
$
0.39

 
$
0.19

 
$
0.88

 
$
0.87