XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 797,271 $ 631,398 $ 2,223,588 $ 1,884,910
Cost of sales (549,813) (443,265) (1,541,903) (1,321,008)
Gross profit 247,458 188,133 681,685 563,902
Selling, general and administrative expenses (88,359) (63,402) (231,422) (191,576)
Engineering expenses (16,391) (10,921) (43,558) (33,535)
Amortization expense (6,731) (3,939) (16,559) (12,699)
Total operating expenses (111,481) (78,262) (291,539) (237,810)
Income from operations 135,977 109,871 390,146 326,092
Other income and expenses        
Interest expense, net (4,594) (3,829) (13,569) (10,714)
Other income (expense), net (154) (1,658) 72 (1,833)
Income from operations before income taxes 131,229 104,384 376,649 313,545
Income tax expense (41,074) (30,441) (117,655) (95,351)
Net income attributable to Wabtec shareholders $ 90,155 $ 73,943 $ 258,994 $ 218,194
Basic        
Net income attributable to Wabtec shareholders $ 0.94 $ 0.77 $ 2.69 $ 2.28
Diluted        
Net income attributable to Wabtec shareholders $ 0.93 $ 0.76 $ 2.67 $ 2.25
Weighted average shares outstanding        
Basic 95,935 95,848 95,745 95,383
Diluted 97,004 97,174 96,834 96,754