XML 64 R50.htm IDEA: XBRL DOCUMENT
v3.8.0.1

SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Financial Information |
Segment financial information for 2017 is as follows: |  |  |  |  |  |  |  |
|  |  |  |  |  | Corporate |  |
|  | Freight |  | Transit |  | Activities and |  |
In thousands |  | Segment |  | Segment |  | Elimination |  | Total
Sales to external customers |  | $ | 1,396,588 |  |  | $ | 2,485,168 |  |  | $ | — |  |  | $ | 3,881,756 |
Intersegment sales/(elimination) |  | 37,630 |  |  | 21,548 |  |  | (59,178 | ) |  | — |
Total sales |  | $ | 1,434,218 |  |  | $ | 2,506,716 |  |  | $ | (59,178 | ) |  | $ | 3,881,756 |
Income (loss) from operations |  | $ | 264,603 |  |  | $ | 188,546 |  |  | $ | (31,416 | ) |  | $ | 421,733 |
Interest expense and other, net |  | — |  |  | — |  |  | (69,670 | ) |  | (69,670 | )
Income (loss) from operations before income taxes |  | $ | 264,603 |  |  | $ | 188,546 |  |  | $ | (101,086 | ) |  | $ | 352,063 |
Depreciation and amortization |  | $ | 43,721 |  |  | $ | 57,441 |  |  | $ | 2,086 |  |  | $ | 103,248 |
Capital expenditures |  | 33,921 |  |  | 50,762 |  |  | 4,783 |  |  | 89,466 |
Segment assets |  | 3,504,289 |  |  | 7,562,122 |  |  | (4,486,431 | ) |  | 6,579,980 |
Segment financial information for 2016 is as follows: |  |  |  |  |  |  |  |
|  |  |  |  |  | Corporate |  |
|  | Freight |  | Transit |  | Activities and |  |
In thousands |  | Segment |  | Segment |  | Elimination |  | Total
Sales to external customers |  | $ | 1,543,098 |  |  | $ | 1,388,090 |  |  | $ | — |  |  | $ | 2,931,188 |
Intersegment sales/(elimination) |  | 39,519 |  |  | 9,393 |  |  | (48,912 | ) |  | $ | — |
Total sales |  | $ | 1,582,617 |  |  | $ | 1,397,483 |  |  | $ | (48,912 | ) |  | $ | 2,931,188 |
Income (loss) from operations |  | $ | 344,455 |  |  | $ | 171,446 |  |  | $ | (57,540 | ) |  | $ | 458,361 |
Interest expense and other, net |  | — |  |  | — |  |  | (45,524 | ) |  | (45,524 | )
Income (loss) from operations before income taxes |  | $ | 344,455 |  |  | $ | 171,446 |  |  | $ | (103,064 | ) |  | $ | 412,837 |
Depreciation and amortization |  | $ | 36,519 |  |  | $ | 31,545 |  |  | $ | 1,731 |  |  | $ | 69,795 |
Capital expenditures |  | 22,726 |  |  | 20,987 |  |  | 6,503 |  |  | 50,216 |
Segment assets |  | 2,949,668 |  |  | 6,720,302 |  |  | (3,088,952 | ) |  | 6,581,018 |
Segment financial information for 2015 is as follows: |  |  |  |  |  |  |  |
|  |  |  |  |  | Corporate |  |
|  | Freight |  | Transit |  | Activities and |  |
In thousands |  | Segment |  | Segment |  | Elimination |  | Total
Sales to external customers |  | $ | 2,054,715 |  |  | $ | 1,235,283 |  |  | $ | — |  |  | $ | 3,307,998 |
Intersegment sales/(elimination) |  | 35,372 |  |  | 10,895 |  |  | (46,267 | ) |  | — |
Total sales |  | $ | 2,090,087 |  |  | $ | 1,264,178 |  |  | $ | (46,267 | ) |  | $ | 3,307,998 |
Income (loss) from operations |  | $ | 482,640 |  |  | $ | 150,988 |  |  | $ | (26,061 | ) |  | $ | 607,567 |
Interest expense and other, net |  | — |  |  | — |  |  | (22,199 | ) |  | (22,199 | )
Income (loss) from operations before income taxes |  | $ | 482,640 |  |  | $ | 150,988 |  |  | $ | (48,260 | ) |  | $ | 585,368 |
Depreciation and amortization |  | $ | 36,834 |  |  | $ | 26,196 |  |  | $ | 1,704 |  |  | $ | 64,734 |
Capital expenditures |  | 24,715 |  |  | 22,996 |  |  | 1,717 |  |  | 49,428 |
Segment assets |  | 2,708,724 |  |  | 2,202,614 |  |  | (1,681,825 | ) |  | 3,229,513 |
Geographic Area Data | The following geographic area data as of and for the years ended December 31, 2017, 2016 and 2015, respectively, includes net sales based on product shipment destination and long-lived assets, which consist of plant, property and equipment, net of depreciation, resident in their respective countries:
|  | Net Sales |  | Long-Lived Assets
In thousands |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
United States |  | $ | 1,323,781 |  |  | $ | 1,362,255 |  |  | $ | 1,754,924 |  |  | $ | 211,608 |  |  | $ | 205,895 |  |  | $ | 171,362 |
United Kingdom |  | 356,493 |  |  | 322,563 |  |  | 368,505 |  |  | 57,668 |  |  | 54,215 |  |  | 63,694 |
Canada |  | 279,013 |  |  | 206,258 |  |  | 204,674 |  |  | 5,822 |  |  | 5,156 |  |  | 4,876 |
France |  | 237,454 |  |  | 66,287 |  |  | 45,565 |  |  | 57,849 |  |  | 33,636 |  |  | 7,194 |
Germany |  | 208,817 |  |  | 98,364 |  |  | 92,422 |  |  | 71,709 |  |  | 57,902 |  |  | 31,642 |
China |  | 178,137 |  |  | 106,357 |  |  | 100,586 |  |  | 36,388 |  |  | 42,672 |  |  | 12,256 |
Mexico |  | 160,029 |  |  | 183,583 |  |  | 190,034 |  |  | 9,117 |  |  | 8,766 |  |  | 8,839 |
Italy |  | 142,037 |  |  | 45,771 |  |  | 38,164 |  |  | 30,329 |  |  | 27,253 |  |  | 15,170 |
India |  | 137,837 |  |  | 24,161 |  |  | 12,345 |  |  | 12,519 |  |  | 1,271 |  |  | 1,946 |
Australia |  | 136,127 |  |  | 82,099 |  |  | 86,809 |  |  | 10,483 |  |  | 8,039 |  |  | 8,424 |
Brazil |  | 69,378 |  |  | 51,493 |  |  | 84,595 |  |  | 13,184 |  |  | 13,227 |  |  | 9,318 |
Other international |  | 652,653 |  |  | 381,997 |  |  | 329,375 |  |  | 57,296 |  |  | 60,344 |  |  | 18,472 |
Total |  | $ | 3,881,756 |  |  | $ | 2,931,188 |  |  | $ | 3,307,998 |  |  | $ | 573,972 |  |  | $ | 518,376 |  |  | $ | 353,193 |
Sales by Product | Sales by product are as follows:
In thousands |  | 2017 |  | 2016 |  | 2015
Specialty Products & Electronics |  | $ | 1,350,727 |  |  | $ | 1,374,580 |  |  | $ | 1,733,881 |
Brake Products |  | 749,959 |  |  | 588,081 |  |  | 627,552 |
Remanufacturing, Overhaul & Build |  | 522,275 |  |  | 559,284 |  |  | 606,624 |
Transit Products |  | 1,112,340 |  |  | 276,124 |  |  | 189,581 |
Other |  | 146,455 |  |  | 133,119 |  |  | 150,360 |
Total sales |  | $ | 3,881,756 |  |  | $ | 2,931,188 |  |  | $ | 3,307,998 |

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration