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Earnings Per Share (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Numerator:                      
Net income $ 29.7 $ 53.8 [1] $ 23.5 [2] $ 30.3 [3] $ 31.6 $ 32.9 $ 26.4 $ 19.9 [3] $ 137.3 $ 110.8 $ 80.8
Numerator for basic earnings per share — income available to common shareholders                 137.3 110.8 80.8
Effect of dilutive securities:                      
After-tax interest expense on convertible securities                 0 0 0.2
Numerator for diluted earnings per share — income available to common shareholders                 $ 137.3 $ 110.8 $ 81.0
Denominator:                      
Denominator for basic earnings per share — weighted average shares                 46.8 46.4 46.1
Effect of dilutive securities:                      
Equity compensation plans                 0.7 0.7 0.5
Convertible preferred stock                 0.1 0.1 0.1
Convertible securities                 0 0 0.3
Denominator for diluted earnings per share — adjusted weighted average and assumed conversion                 47.6 47.2 47.0
Basic earnings per share (in dollars per share) $ 0.63 [4] $ 1.15 [4] $ 0.50 [4] $ 0.65 [3],[4] $ 0.68 [4] $ 0.71 [4] $ 0.57 [4] $ 0.43 [3],[4] $ 2.93 [4] $ 2.39 [4] $ 1.75
Diluted earnings per share (in dollars per share) $ 0.62 [4] $ 1.13 [4] $ 0.49 [4] $ 0.64 [3],[4] $ 0.67 [4] $ 0.70 [4] $ 0.56 [4] $ 0.42 [3],[4] $ 2.88 [4] $ 2.35 [4] $ 1.72
[1] The increase in income from the second quarter of 2012 was primarily due to the absence of the hedge loss at AAE and the recognition of $15.5 million of tax benefits.
[2] The decrease in income from the first quarter of 2012 was primarily due to a $12.1 million loss on the termination of a qualified hedge at GATX's AAE Cargo affiliate, partially offset by an increase in seasonal income at ASC.
[3] Total revenues and net income in the first quarter of each year are typically lower than the subsequent quarters due to seasonal inactivity at ASC.
[4] _