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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 957,931 $ 675,574 $ 2,806,218 $ 2,171,206
Cost of sales (704,728) (463,093) (2,009,345) (1,466,156)
Gross profit 253,203 212,481 796,873 705,050
Selling, general and administrative expenses (117,838) (70,757) (367,753) (241,118)
Engineering expenses (24,709) (16,289) (71,511) (52,271)
Amortization expense (8,645) (5,339) (27,039) (16,100)
Total operating expenses (151,192) (92,385) (466,303) (309,489)
Income from operations 102,011 120,096 330,570 395,561
Other income and expenses        
Interest expense, net (17,893) (6,057) (51,025) (15,897)
Other income (expense), net (2,933) 1,188 (2,166) 113
Income from operations before income taxes 81,185 115,227 277,379 379,777
Income tax expense (12,746) (32,799) (64,776) (112,701)
Net income 68,439 82,428 212,603 267,076
Less: Net (Gain) Loss attributable to noncontrolling interest (1,040) 0 710 0
Net income attributable to Wabtec shareholders $ 67,399 $ 82,428 $ 213,313 $ 267,076
Basic        
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.70 $ 0.92 $ 2.23 $ 2.94
Diluted        
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.70 $ 0.91 $ 2.22 $ 2.92
Weighted average shares outstanding        
Basic (in shares) 95,709 89,589 95,163 90,546
Diluted (in shares) 96,316 90,293 95,808 91,316