XML 61 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net sales $ 615,510 $ 583,309
Cost of sales (432,622) (413,928)
Gross profit 182,888 169,381
Selling, general and administrative expense (64,300) (62,029)
Engineering expense (11,334) (10,149)
Amortization expense (3,587) (3,093)
Total operating expenses (79,221) (75,271)
Income from operations 103,667 94,110
Other income and expenses    
Interest expense, net (3,614) (3,724)
Other (expense) income, net (581) (114)
Income from operations before income taxes 99,472 90,272
Income tax expense (29,859) (31,011)
Net income attributable to Wabtec shareholders $ 69,613 $ 59,261
Basic    
Net income attributable to Wabtec shareholders $ 1.46 $ 1.24
Diluted    
Net income attributable to Wabtec shareholders $ 1.44 $ 1.22
Weighted average shares outstanding    
Basic 47,512 47,707
Diluted 48,286 48,341