XML 84 R73.htm IDEA: XBRL DOCUMENT v3.8.0.1
Guarantor Subsidiaries Financial Information - Condensed Income Statement (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Condensed Financial Statements, Captions [Line Items]        
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
Total operating expenses (151,192) (92,385) (466,303) (309,489)
Income from operations 102,011 120,096 330,570 395,561
Interest expense, net (17,893) (6,057) (51,025) (15,897)
Other income (expense), net (2,933) 1,188 (2,166) 113
Equity earnings (loss) 0 0 0 0
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
Comprehensive income attributable to Wabtec shareholders 160,019 86,719 500,988 257,740
Elimination        
Condensed Financial Statements, Captions [Line Items]        
Net sales (34,380) (34,667) (98,477) (113,553)
Cost of sales 28,042 44,259 76,046 93,330
Gross profit (6,338) 9,592 (22,431) (20,223)
Total operating expenses 0 0 0 0
Income from operations (6,338) 9,592 (22,431) (20,223)
Interest expense, net 0 0 0 0
Other income (expense), net 0 0 0 0
Equity earnings (loss) (100,680) (113,830) (316,057) (420,598)
Income from operations before income taxes (107,018) (104,238) (338,488) (440,821)
Income tax expense 0 0 0 0
Net income (107,018) (104,238) (338,488) (440,821)
Less: Net (Gain) Loss attributable to noncontrolling interest 0 0 0 0
Net income attributable to Wabtec shareholders (107,018) (104,238) (338,488) (440,821)
Comprehensive income attributable to Wabtec shareholders (107,018) (104,238) (338,488) (440,821)
Parent        
Condensed Financial Statements, Captions [Line Items]        
Net sales 134,906 155,731 417,156 494,350
Cost of sales (111,775) (109,414) (311,037) (356,575)
Gross profit 23,131 46,317 106,119 137,775
Total operating expenses (22,714) (21,979) (79,960) (88,916)
Income from operations 417 24,338 26,159 48,859
Interest expense, net (19,222) (7,854) (52,565) (21,608)
Other income (expense), net 274 6,600 3,127 17,640
Equity earnings (loss) 80,874 86,731 246,103 308,681
Income from operations before income taxes 62,343 109,815 222,824 353,572
Income tax expense 5,056 (27,387) (9,511) (86,495)
Net income 67,399 82,428 213,313 267,077
Less: Net (Gain) Loss attributable to noncontrolling interest 0 0 0 0
Net income attributable to Wabtec shareholders 67,399 82,428 213,313 267,077
Comprehensive income attributable to Wabtec shareholders 66,813 82,987 214,482 266,355
Guarantors        
Condensed Financial Statements, Captions [Line Items]        
Net sales 270,116 259,174 778,893 865,850
Cost of sales (176,291) (186,546) (503,686) (561,361)
Gross profit 93,825 72,628 275,207 304,489
Total operating expenses (29,991) (29,019) (89,935) (91,967)
Income from operations 63,834 43,609 185,272 212,522
Interest expense, net 1,143 1,728 5,554 5,049
Other income (expense), net (356) (86) (2,233) (3,956)
Equity earnings (loss) 19,806 27,099 69,954 111,917
Income from operations before income taxes 84,427 72,350 258,547 325,532
Income tax expense (5) 1,567 (22) (380)
Net income 84,422 73,917 258,525 325,152
Less: Net (Gain) Loss attributable to noncontrolling interest 155 0 311 0
Net income attributable to Wabtec shareholders 84,577 73,917 258,836 325,152
Comprehensive income attributable to Wabtec shareholders 84,577 73,916 258,838 325,152
Non-Guarantors        
Condensed Financial Statements, Captions [Line Items]        
Net sales 587,289 295,336 1,708,646 924,559
Cost of sales (444,704) (211,392) (1,270,668) (641,550)
Gross profit 142,585 83,944 437,978 283,009
Total operating expenses (98,487) (41,387) (296,408) (128,606)
Income from operations 44,098 42,557 141,570 154,403
Interest expense, net 186 69 (4,014) 662
Other income (expense), net (2,851) (5,326) (3,060) (13,571)
Equity earnings (loss) 0 0 0 0
Income from operations before income taxes 41,433 37,300 134,496 141,494
Income tax expense (17,797) (6,979) (55,243) (25,826)
Net income 23,636 30,321 79,253 115,668
Less: Net (Gain) Loss attributable to noncontrolling interest (1,195) 0 399 0
Net income attributable to Wabtec shareholders 22,441 30,321 79,652 115,668
Comprehensive income attributable to Wabtec shareholders $ 115,647 $ 34,054 $ 366,156 $ 107,054