Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2013

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

The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share amounts):



	2013		2012		2011
Numerators:
Net income attributable to Genesee & Wyoming Inc. common stockholders	$	271,296	$	52,433	$	119,484
Less: Series A-1 Preferred Stock dividend	2,139		4,375		—
Net income available to common stockholders	$	269,157	$	48,058	$	119,484
Denominators:
Weighted average Class A common shares outstanding -Basic	53,788		42,693		39,912
Weighted average Class B common shares outstanding	1,675		2,038		2,257
Dilutive effect of employee stock-based awards	494		601		603
Dilutive effect of Series A-1 Preferred Stock	722		5,984		—
Weighted average shares - Diluted	56,679		51,316		42,772
Earnings per common share attributable to Genesee & Wyoming Inc. common stockholders:
Basic earnings per common share	$	5.00	$	1.13	$	2.99
Diluted earnings per common share	$	4.79	$	1.02	$	2.79

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The total number of options used to calculate weighted average share equivalents for diluted earnings per common share as of December 31, 2013, 2012 and 2011, was as follows (in thousands):



	2013	2012	2011
Options used to calculate weighted average share equivalents	969	1,105	1,460

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following total number of shares of Class A common stock issuable under the assumed exercises and lapse of stock-based awards computed based on the treasury stock method were excluded from the calculation of diluted earnings per common share, as the effect of including these shares would have been anti-dilutive (in thousands):



	2013	2012	2011
Anti-dilutive shares	105	143	126

Schedule of Increase in Weighted Average Shares [Table Text Block]

The following table sets forth the increase in the Company's weighted average basic shares outstanding for the years ended December 31, 2013 and 2012 as a result of the Company's public offering of Class A common stock in September 2012, shares issuable upon settlement of the prepaid stock purchase contract component of the TEUs issued in September 2012 based on the market price of the Company's Class A common stock at December 31, 2013 and 2012, respectively, and from the conversion of the Series A-1 Preferred Stock into the Company's Class A common stock in February 2013:

Schedule of TEU Impact on Weighted Average Dilutive Shares [Table Text Block]

Accordingly, for illustrative purposes, the following table provides the calculated impact on the Company's weighted average diluted shares outstanding for the year ended December 31, 2013 assuming the conversion of the Company's outstanding TEUs into Class A common stock based on the assumptions for the Company's stock price stated in the table (in thousands, except per share amounts):



	Assumed Market Price of Class A Common Stock		TEU Common Stock Equivalents	Weighted Average Diluted Shares Outstanding
Minimum common stock equivalents	$	80.94	2,842	56,679
Middle of range of common stock equivalents	$	73.00	3,151	56,988
Maximum common stock equivalents	$	64.75	3,552	57,389

Class A common stock offering

Shares issuable upon settlement of the prepaid stock purchase contract component of the TEUs

Conversion of Series A-1 Preferred Stock