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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net sales:    
Total net sales $ 1,593,617 $ 1,056,177
Cost of sales:    
Total cost of sales (1,204,600) (745,296)
Gross profit 389,017 310,881
Operating expenses:    
Selling, general and administrative expenses (259,723) (147,201)
Engineering expenses (34,545) (22,049)
Amortization expense (27,442) (10,352)
Total operating expenses (321,710) (179,602)
Income from operations 67,307 131,279
Other income and expenses:    
Interest expense, net (44,569) (20,284)
Other (expense) income, net (8,228) 2,586
Income from operations before income taxes 14,510 113,581
Income tax expense (18,523) (26,124)
Net (loss) income (4,013) 87,457
Less: Net (gain) loss attributable to noncontrolling interest (459) 909
Net (loss) income attributable to Wabtec shareholders $ (4,472) $ 88,366
Basic    
Net income attributable to Wabtec shareholders (in dollars per share) $ (0.04) $ 0.92
Diluted    
Net income attributable to Wabtec shareholders (in dollars per share) $ (0.04) $ 0.92
Weighted average shares outstanding    
Basic (in shares) 121,226 95,810
Diluted (in shares) 121,226 96,371
Goods    
Net sales:    
Total net sales $ 1,434,509 $ 1,010,677
Cost of sales:    
Total cost of sales (1,073,571) (709,278)
Services    
Net sales:    
Total net sales 159,108 45,500
Cost of sales:    
Total cost of sales $ (131,029) $ (36,018)