XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net sales $ 1,056,177 $ 916,034
Cost of sales (745,296) (646,327)
Gross profit 310,881 269,707
Selling, general and administrative expenses (147,201) (122,687)
Engineering expenses (22,049) (23,464)
Amortization expense (10,352) (9,044)
Total operating expenses (179,602) (155,195)
Income from operations 131,279 114,512
Other income and expenses    
Interest expense, net (20,284) (19,858)
Other income (expense), net 2,586 4,811
Income from operations before income taxes 113,581 99,465
Income tax expense (26,124) (27,461)
Net income 87,457 72,004
Less: Net loss attributable to noncontrolling interest 909 1,885
Net income attributable to Wabtec shareholders $ 88,366 $ 73,889
Basic    
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.92 $ 0.77
Diluted    
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.92 $ 0.77
Weighted average shares outstanding    
Basic (in shares) 95,810 95,243
Diluted (in shares) 96,371 95,991