Note 14. Earnings Per Common Share Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The computation of basic and diluted net income (loss) attributable to Trinity Industries, Inc. is as follows:

	Year Ended December 31,
	2020		2019		2018
	(in millions, except per share amounts)
Income (loss) from continuing operations	$	(226.1)	$	139.2	$	109.0
Less: Net (income) loss attributable to noncontrolling interest	78.9		1.5		(3.8)
Unvested restricted share participation — continuing operations	—		(1.8)		(2.2)
Net income (loss) from continuing operations attributable to Trinity Industries, Inc.	(147.2)		138.9		103.0
Net income (loss) from discontinued operations, net of income taxes	(0.1)		(3.1)		54.1
Unvested restricted share participation — discontinued operations	—		—		(0.6)
Net income (loss) from discontinued operations attributable to Trinity Industries, Inc.	(0.1)		(3.1)		53.5
Net income (loss) attributable to Trinity Industries, Inc., including the effect of unvested restricted share participation	$	(147.3)	$	135.8	$	156.5
Basic weighted average shares outstanding	115.9		125.6		144.0
Effect of dilutive securities:
Nonparticipating unvested RSUs and RSAs	—		1.7		1.0
Convertible subordinated notes	—		—		1.4
Diluted weighted average shares outstanding	115.9		127.3		146.4
Basic earnings per common share:
Income (loss) from continuing operations	$	(1.27)	$	1.11	$	0.72
Income (loss) from discontinued operations	—		(0.02)		0.37
Basic net income (loss) attributable to Trinity Industries, Inc.	$	(1.27)	$	1.09	$	1.09
Diluted earnings per common share:
Income (loss) from continuing operations	$	(1.27)	$	1.09	$	0.70
Income (loss) from discontinued operations	—		(0.02)		0.37
Diluted net income (loss) attributable to Trinity Industries, Inc.	$	(1.27)	$	1.07	$	1.07