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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 
 
 
First
 
Second
 
Third
 
Fourth
In thousands, except per share data
 
Quarter
 
Quarter
 
Quarter
 
Quarter
2016
 
 
 
 
 
 
 
 
Net sales
 
$
772,031

 
$
723,601

 
$
675,574

 
$
759,982

Gross profit
 
255,180

 
237,389

 
212,481

 
219,189

Income from operations
 
142,181

 
133,284

 
120,096

 
62,800

Net income attributable to Wabtec shareholders
 
94,163

 
90,485

 
82,428

 
37,811

Basic earnings from operations per common share
 
$
1.03

 
$
1.00

 
$
0.92

 
$
0.42

Diluted earnings from operations per common share
 
$
1.02

 
$
1.00

 
$
0.91

 
$
0.42

2015
 
 
 
 
 
 
 
 
Net sales
 
$
818,594

 
$
847,028

 
$
809,527

 
$
832,849

Gross profit
 
255,355

 
267,764

 
257,069

 
267,628

Income from operations
 
148,420

 
155,860

 
152,078

 
151,209

Net income attributable to Wabtec shareholders
 
96,164

 
101,504

 
99,181

 
101,779

Basic earnings from operations per common share
 
$
1.00

 
$
1.05

 
$
1.03

 
$
1.06

Diluted earnings from operations per common share
 
$
0.99

 
$
1.04

 
$
1.02

 
$
1.05


 
The Company operates on a four-four-five week accounting quarter, and the quarters end on or about March 31, June 30 and September 30. The fiscal year ends on December 31.