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Note 17. Selected Quarterly Financial Data Selected Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2019
Selected Quarterly Financial Data [Abstract]  
Quarterly Financial Information [Table Text Block]
 
Three Months Ended
 
March 31,
2019
 
June 30,
2019
 
September 30,
2019
 
December 31,
2019
 
(in millions, except per share data)
Revenues:
 
 
 
 
 
 
 
Manufacturing
$
404.6

 
$
459.1

 
$
487.4

 
$
537.7

Leasing
200.2

 
276.9

 
326.2

 
313.0

 
604.8

 
736.0

 
813.6

 
850.7

Operating costs:
 
 
 
 
 
 
 
Costs of revenues:
 
 
 
 
 
 
 
Manufacturing
351.6

 
399.6

 
430.7

 
467.6

Leasing
111.8

 
178.9

 
218.4

 
207.1

 
463.4

 
578.5

 
649.1

 
674.7

Selling, engineering, and administrative expenses
59.6

 
69.8

 
62.1

 
71.3

Gains on disposition of property
10.0

 
19.3

 
17.9

 
7.2

Restructuring activities (1)
—

 
—

 
—

 
14.7

Operating profit
91.8

 
107.0

 
120.3

 
97.2

Income from continuing operations before income taxes
40.1

 
51.7

 
66.3

 
42.6

Provision for income taxes (2)
8.9

 
14.1

 
18.2

 
20.3

Income from continuing operations
31.2

 
37.6

 
48.1

 
22.3

Loss from discontinued operations, net of income taxes
(1.1
)
 
(0.8
)
 
(0.4
)
 
(0.8
)
Net income
30.1

 
36.8

 
47.7

 
21.5

Net income (loss) attributable to noncontrolling interest
(0.5
)
 
0.4

 
(1.3
)
 
(0.1
)
Net income attributable to Trinity Industries, Inc.
$
30.6

 
$
36.4

 
$
49.0

 
$
21.6

 
 
 
 
 
 
 
 
Basic earnings per common share (3):
 
 
 
 
 
 
 
Income from continuing operations
$
0.24

 
$
0.29

 
$
0.39

 
$
0.18

Loss from discontinued operations
(0.01
)
 
(0.01
)
 
—

 
(0.01
)
Basic net income attributable to Trinity Industries, Inc.
$
0.23


$
0.28


$
0.39


$
0.17

Diluted earnings per common share (3):
 
 
 
 
 
 
 
Income from continuing operations
$
0.24

 
$
0.29

 
$
0.39

 
$
0.18

Loss from discontinued operations
(0.01
)
 
(0.01
)
 
—

 
(0.01
)
Diluted net income attributable to Trinity Industries, Inc.
$
0.23


$
0.28


$
0.39


$
0.17

(1) Restructuring activities for the three months ended December 31, 2019 were $14.7 million primarily as a result of write-downs related to underutilized assets in our manufacturing footprint and employee transition costs. See Note 2 of the Consolidated Financial Statements.
(2) Provision for income taxes for the three months ended December 31, 2019 includes the effects of a one-time, non-cash, deferred tax impact related to our planned Maintenance Services expansion into a new Midwest facility of $9.7 million. See Note 9 of the Consolidated Financial Statements.
(3) 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,
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 noncontrolling interest
1.4

 
1.4

 
0.6

 
0.4

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 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 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.