Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information / Railcar Leasing and Management Services Group [Abstract]

Segment Information

Note 4. Segment Information

     The Company reports operating results in five principal business segments: (1) the Rail Group, which manufactures and sells railcars and related parts and components; (2) the Construction Products Group, which manufactures and sells highway products and concrete and aggregates; (3) the Inland Barge Group, which manufactures and sells barges and related products for inland waterway services; (4) the Energy Equipment Group, which manufactures and sells products for energy related businesses, including structural wind towers, tank containers and tank heads for pressure and non-pressure vessels, propane tanks and utility, traffic, and lighting structures; and (5) the Railcar Leasing and Management Services Group (“Leasing Group”), which provides fleet management, maintenance, and leasing services. The segment All Other includes our captive insurance and transportation companies; legal, environmental, and upkeep costs associated with non-operating facilities; other peripheral businesses; and the change in market valuation related to ineffective commodity hedges. Gains and losses from the sale of property, plant, and equipment which are related to manufacturing and dedicated to the specific manufacturing operations of a particular segment are recorded in the cost of revenues of that respective segment. Gains and losses from the sale of property, plant, and equipment which can be utilized by multiple segments are recorded in the cost of revenues of the All Other segment.

     Sales and related net profits from the Rail Group to the Leasing Group are recorded in the Rail Group and eliminated in consolidation. Sales between these groups are recorded at prices comparable to those charged to external customers taking into consideration quantity, features, and production demand. Amortization of deferred profit on railcars sold to the Leasing Group is included in the operating profits of the Leasing Group. Sales of railcars from the lease fleet are included in the Leasing Group.

     The financial information for these segments is shown in the tables below. We operate principally in North America.

Three Months Ended September 30, 2011

	Revenues								Operating
									Profit
	External		Intersegment			Total			(Loss)
	(in millions)
Rail Group	$	227.7	$	93.2		$	320.9		$	18.2
Construction Products Group		161.1		3.7			164.8			17.8
Inland Barge Group		143.2		—			143.2			26.0
Energy Equipment Group		107.3		4.3			111.6			(1.9	)
Railcar Leasing and Management Services Group		153.1		—			153.1			64.2
All Other		4.4		13.6			18.0			(0.3	)
Corporate		—		—			—			(11.5	)
Eliminations — Lease subsidiary		—		(87.9	)		(87.9	)		(8.1	)
Eliminations — Other		—		(26.9	)		(26.9	)		1.0
Consolidated Total	$	796.8	$	—		$	796.8		$	105.4

Three Months Ended September 30, 2010

	Revenues								Operating
									Profit
	External		Intersegment			Total			(Loss)
	(in millions)
Rail Group	$	57.3	$	73.7		$	131.0		$	3.3
Construction Products Group		155.7		4.7			160.4			20.3
Inland Barge Group		98.9		—			98.9			22.4
Energy Equipment Group		103.0		3.6			106.6			6.0
Railcar Leasing and Management Services Group		122.1		—			122.1			52.9
All Other		3.0		9.4			12.4			(1.3	)
Corporate		—		—			—			(9.6	)
Eliminations — Lease subsidiary		—		(69.6	)		(69.6	)		(0.9	)
Eliminations — Other		—		(21.8	)		(21.8	)		(1.2	)
Consolidated Total	$	540.0	$	—		$	540.0		$	91.9

Nine Months Ended September 30, 2011

	Revenues								Operating
									Profit
	External		Intersegment			Total			(Loss)
	(in millions)
Rail Group	$	556.0	$	265.4		$	821.4		$	42.9
Construction Products Group		439.2		8.5			447.7			42.2
Inland Barge Group		398.9		—			398.9			66.8
Energy Equipment Group		335.6		12.2			347.8			9.8
Railcar Leasing and Management Services Group		413.3		—			413.3			178.6
All Other		8.5		36.9			45.4			(0.8	)
Corporate		—		—			—			(30.6	)
Eliminations — Lease subsidiary		—		(252.8	)		(252.8	)		(23.3	)
Eliminations — Other		—		(70.2	)		(70.2	)		0.7
Consolidated Total	$	2,151.5	$	—		$	2,151.5		$	286.3

Nine Months Ended September 30, 2010

	Revenues								Operating
									Profit
	External		Intersegment			Total			(Loss)
	(in millions)
Rail Group	$	131.6	$	185.9		$	317.5		$	(7.3	)
Construction Products Group		433.0		16.7			449.7			40.7
Inland Barge Group		295.8		—			295.8			52.2
Energy Equipment Group		304.8		7.2			312.0			29.9
Railcar Leasing and Management Services Group		362.9		—			362.9			150.3
All Other		9.0		25.5			34.5			(6.0	)
Corporate		—		—			—			(28.6	)
Eliminations — Lease subsidiary		—		(173.5	)		(173.5	)		(6.4	)
Eliminations — Other		—		(61.8	)		(61.8	)		(2.0	)
Consolidated Total	$	1,537.1	$	—		$	1,537.1		$	222.8