Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Financial Information

Segment financial information for the three months ended June 30, 2016 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	397,067	$	326,534	$	—		$	723,601
Intersegment sales/(elimination)	13,616		4,106		(17,722		)	—
Total sales	$	410,683	$	330,640	$	(17,722	)	$	723,601
Income (loss) from operations	$	92,317	$	52,146	$	(11,179	)	$	133,284
Interest expense and other, net	—		—		(6,198		)	(6,198		)
Income (loss) from operations before income taxes	$	92,317	$	52,146	$	(17,377	)	$	127,086

Segment financial information for the three months ended June 30, 2015 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	534,674	$	312,354	$	—		$	847,028
Intersegment sales/(elimination)	9,029		2,799		(11,828		)	—
Total sales	$	543,703	$	315,153	$	(11,828	)	$	847,028
Income (loss) from operations	$	125,232	$	37,514	$	(6,886	)	$	155,860
Interest expense and other, net	—		—		(5,928		)	(5,928		)
Income (loss) from operations before income taxes	$	125,232	$	37,514	$	(12,814	)	$	149,932

Segment financial information for the six months ended June 30, 2016 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	839,736	$	655,896	$	—		$	1,495,632
Intersegment sales/(elimination)	19,424		5,783		(25,207		)	—
Total sales	$	859,160	$	661,679	$	(25,207	)	$	1,495,632
Income (loss) from operations	$	198,991	$	97,156	$	(20,682	)	$	275,465
Interest expense and other, net	—		—		(10,915		)	(10,915		)
Income (loss) from operations before income taxes	$	198,991	$	97,156	$	(31,597	)	$	264,550

Segment financial information for the six months ended June 30, 2015 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	1,046,561	$	619,061	$	—		$	1,665,622
Intersegment sales/(elimination)	17,957		5,383		(23,340		)	—
Total sales	$	1,064,518	$	624,444	$	(23,340	)	$	1,665,622
Income (loss) from operations	$	236,801	$	78,937	$	(11,458	)	$	304,280
Interest expense and other, net	—		—		(13,100		)	(13,100		)
Income (loss) from operations before income taxes	$	236,801	$	78,937	$	(24,558	)	$	291,180

Sales by Product

Sales by product are as follows:

	Three Months Ended June 30,
In thousands	2016		2015
Specialty Products & Electronics	$	339,188	$	448,292
Remanufacturing, Overhaul & Build	156,981		151,859
Brake Products	141,979		159,034
Other Transit Products	49,643		50,864
Other	35,810		36,979
Total sales	$	723,601	$	847,028

	Six Months Ended June 30,
In thousands	2016		2015
Specialty Products & Electronics	$	717,457	$	873,829
Remanufacturing, Overhaul & Build	315,014		288,549
Brake Products	293,885		326,431
Other Transit Products	98,438		97,667
Other	70,838		79,146
Total sales	$	1,495,632	$	1,665,622