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SEGMENT INFORMATION (Tables) | 12 Months Ended
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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 |

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- 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
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