Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of basic and diluted net income attributable to Trinity Industries, Inc.

The following table sets forth the computation of basic and diluted net income attributable to Trinity Industries, Inc.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in millions, except per share amounts)
Income from continuing operations	$	29.7	$	25.5	$	56.1	$	17.7
Less: Net (income) loss attributable to noncontrolling interest	(0.5)		(3.9)		(7.9)		6.0
Net income from continuing operations attributable to Trinity Industries, Inc.	29.2		21.6		48.2		23.7
Income (loss) from discontinued operations, net of income taxes	(3.4)		10.4		(13.7)		24.3
Loss on sale of discontinued operations, net of income taxes	—		—		(5.7)		—
Net income (loss) from discontinued operations attributable to Trinity Industries, Inc.	(3.4)		10.4		(19.4)		24.3
Net income attributable to Trinity Industries, Inc.	$	25.8	$	32.0	$	28.8	$	48.0
Basic weighted average shares outstanding	81.7		97.7		82.3		103.4
Effect of dilutive securities	1.6		1.8		2.1		2.3
Diluted weighted average shares outstanding	83.3		99.5		84.4		105.7
Basic earnings per common share:
Income from continuing operations	$	0.36	$	0.22	$	0.59	$	0.23
Income (loss) from discontinued operations	(0.04)		0.11		(0.24)		0.23
Basic net income attributable to Trinity Industries, Inc.	$	0.32	$	0.33	$	0.35	$	0.46
Diluted earnings per common share:
Income from continuing operations	$	0.35	$	0.22	$	0.57	$	0.22
Income (loss) from discontinued operations	(0.04)		0.11		(0.23)		0.23
Diluted net income attributable to Trinity Industries, Inc.	$	0.31	$	0.33	$	0.34	$	0.45
Potentially dilutive securities excluded from EPS calculation:
Antidilutive restricted shares	0.3		0.1		0.1		0.1
Antidilutive stock options	—		—		—		—