Selected Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (unaudited)

	First  Quarter		Second Quarter		Third Quarter (2)		Fourth Quarter (3)		Total
	In millions, except per share data
2016
Total revenues	$	334.4	$	358.9	$	362.9	$	362.1	$	1,418.3
Net income	$	69.3	$	61.2	$	95.7	$	30.9	$	257.1
Per Share Data (1)
Basic	$	1.67	$	1.51	$	2.39	$	0.78	$	6.35
Diluted	$	1.66	$	1.49	$	2.36	$	0.77	$	6.29
2015
Total revenues	$	319.7	$	365.3	$	386.2	$	378.7	$	1,449.9
Net income	$	62.2	$	45.4	$	39.5	$	58.2	$	205.3
Per Share Data (1)
Basic	$	1.41	$	1.04	$	0.92	$	1.38	$	4.76
Diluted	$	1.39	$	1.03	$	0.91	$	1.37	$	4.69

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(1) Quarterly earnings per share may not be additive, as per share amounts are computed independently for each quarter and the full year is based on the respective weighted average common shares and common stock equivalents outstanding.

(2) In the third quarter of 2016, net income included $30.3 million of income related to the settlement of a residual sharing agreement and $3.9 million of benefit resulting from a reduction in the statutory income tax rate in the UK. In the third quarter of 2015, net income included $26.6 million of net loss related to the exit of marine investments at Portfolio Management.

(3) In the fourth quarter of 2016, net income included $19.2 million of impairment losses related to certain railcars at Rail North America and $7.1 million of benefit related to the utilization of foreign tax credits. In the fourth quarter of 2015, net income included $9.0 million of net gain related to the exit of marine investments at Portfolio Management. In addition, net income included $14.1 million of expense attributable to an increase in our effective state income tax rate, $7.7 million of benefit resulting from a reduction in the statutory income tax rate in the UK, and $5.6 million of net expenses associated with an early retirement program offered to certain employees.