Year Ended December 31,

2021

2020

2019

(in millions, except per share amounts)

Income (loss) from continuing operations

$

39.3

$

(250.5)

$

122.4

Less: Net loss attributable to noncontrolling interest

0.2

78.9

1.5

Unvested restricted share participation – continuing operations

—

(1.7)

Net income (loss) from continuing operations attributable to Trinity Industries, Inc.

39.5

(171.6)

122.2

Income from discontinued operations, net of income taxes

11.1

24.3

13.7

Gain on sale of discontinued operations, net of income taxes

131.4

—

Unvested restricted share participation – discontinued operations

—

(0.1)

Net income from discontinued operations attributable to Trinity Industries, Inc.

142.5

24.3

13.6

Net income (loss) attributable to Trinity Industries, Inc., including the effect of unvested restricted share participation

$

182.0

$

(147.3)

$

135.8

Basic weighted average shares outstanding

101.5

115.9

125.6

Effect of dilutive securities

2.3

—

1.7

Diluted weighted average shares outstanding

103.8

115.9

127.3

Basic earnings per common share:

Income (loss) from continuing operations

$

0.39

$

(1.48)

$

0.98

Income from discontinued operations

1.40

0.21

0.11

Basic net income (loss) attributable to Trinity Industries, Inc.

$

1.79

$

(1.27)

$

1.09

Diluted earnings per common share:

Income (loss) from continuing operations

$

0.38

$

(1.48)

$

0.96

Income from discontinued operations

1.37

0.21

0.11

Diluted net income (loss) attributable to Trinity Industries, Inc.

$

1.75

$

(1.27)

$

1.07

Potentially dilutive securities excluded from EPS calculation:

Antidilutive restricted shares

$

0.1

$

—

$

0.2

Antidilutive stock options

$

—

$

—

$

—