XML 18 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 3,881,756 $ 2,931,188 $ 3,307,998
Cost of sales (2,816,443) (2,006,949) (2,260,182)
Gross profit 1,065,313 924,239 1,047,816
Selling, general and administrative expenses (511,898) (371,805) (347,373)
Engineering expenses (95,166) (71,375) (71,213)
Amortization expense (36,516) (22,698) (21,663)
Total operating expenses (643,580) (465,878) (440,249)
Income from operations 421,733 458,361 607,567
Other income and expenses      
Interest expense, net (68,704) (42,561) (16,888)
Other (expense) income, net (966) (2,963) (5,311)
Income from operations before income taxes 352,063 412,837 585,368
Income tax expense (89,773) (99,433) (186,740)
Net income 262,290 313,404 398,628
Less: Net income attributable to noncontrolling interest (29) (8,517) 0
Net income attributable to Wabtec shareholders $ 262,261 $ 304,887 $ 398,628
Basic      
Net income attributable to Wabtec shareholders (in dollars per share) $ 2.74 $ 3.37 $ 4.14
Diluted      
Net income attributable to Wabtec shareholders (in dollars per share) $ 2.72 $ 3.34 $ 4.10
Weighted average shares outstanding      
Basic (in shares) 95,453 90,359 96,074
Diluted (in shares) 96,125 91,141 97,006