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Segment Information (Q3) (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2018 | Dec. 31, 2017
Segment Reporting [Abstract] |  |
Segment Financial Information | Segment financial information for the three months ended September 30, 2018 is as follows:
In thousands |  | Freight Segment |  |  | Transit Segment |  |  | Corporate Activities and Elimination |  |  | Total |
Sales to external customers |  | $ | 391,577 |  |  | $ | 686,237 |  |  | $ | — |  |  | $ | 1,077,814 |
Intersegment sales/(elimination) |  |  | 13,510 |  |  |  | 4,738 |  |  |  | (18,248 | ) |  |  | — |
Total sales |  | $ | 405,087 |  |  | $ | 690,975 |  |  | $ | (18,248 | ) |  | $ | 1,077,814 |
Income (loss) from operations |  | $ | 79,420 |  |  | $ | 60,735 |  |  | $ | (14,976 | ) |  | $ | 125,179 |
Interest expense and other, net |  |  | — |  |  |  | — |  |  |  | (22,512 | ) |  |  | (22,512 | )
Income (loss) from operations before income taxes |  | $ | 79,420 |  |  | $ | 60,735 |  |  | $ | (37,488 | ) |  | $ | 102,667 |
Segment financial information for the three months ended September 30, 2017 is as follows:
In thousands |  | Freight Segment |  |  | Transit Segment |  |  | Corporate Activities and Elimination |  |  | Total |
Sales to external customers |  | $ | 340,185 |  |  | $ | 617,746 |  |  | $ | — |  |  | $ | 957,931 |
Intersegment sales/(elimination) |  |  | 8,376 |  |  |  | 4,494 |  |  |  | (12,870 | ) |  |  | — |
Total sales |  | $ | 348,561 |  |  | $ | 622,240 |  |  | $ | (12,870 | ) |  | $ | 957,931 |
Income (loss) from operations |  | $ | 61,424 |  |  | $ | 47,358 |  |  | $ | (7,116 | ) |  | $ | 101,666 |
Interest expense and other, net |  |  | — |  |  |  | — |  |  |  | (20,481 | ) |  |  | (20,481 | )
Income (loss) from operations before income taxes |  | $ | 61,424 |  |  | $ | 47,358 |  |  | $ | (27,597 | ) |  | $ | 81,185 |
Segment financial information for the nine months ended September 30, 2018 is as follows:
In thousands |  | Freight Segment |  |  | Transit Segment |  |  | Corporate Activities and Elimination |  |  | Total |
Sales to external customers |  | $ | 1,183,389 |  |  | $ | 2,062,282 |  |  | $ | — |  |  | $ | 3,245,671 |
Intersegment sales/(elimination) |  |  | 44,211 |  |  |  | 11,611 |  |  |  | (55,822 | ) |  |  | — |
Total sales |  | $ | 1,227,600 |  |  | $ | 2,073,893 |  |  | $ | (55,822 | ) |  | $ | 3,245,671 |
Income (loss) from operations |  | $ | 233,390 |  |  | $ | 186,794 |  |  | $ | (40,203 | ) |  | $ | 379,981 |
Interest expense and other, net |  |  | — |  |  |  | — |  |  |  | (69,959 | ) |  |  | (69,959 | )
Income (loss) from operations before income taxes |  | $ | 233,390 |  |  | $ | 186,794 |  |  | $ | (110,162 | ) |  | $ | 310,022 |
Segment financial information for the nine months ended September 30, 2017 is as follows:
In thousands |  | Freight Segment |  |  | Transit Segment |  |  | Corporate Activities and Elimination |  |  | Total |
Sales to external customers |  | $ | 1,032,959 |  |  | $ | 1,773,259 |  |  | $ | — |  |  | $ | 2,806,218 |
Intersegment sales/(elimination) |  |  | 27,602 |  |  |  | 16,253 |  |  |  | (43,855 | ) |  |  | — |
Total sales |  | $ | 1,060,561 |  |  | $ | 1,789,512 |  |  | $ | (43,855 | ) |  | $ | 2,806,218 |
Income (loss) from operations |  | $ | 195,811 |  |  | $ | 155,383 |  |  | $ | (21,659 | ) |  | $ | 329,535 |
Interest expense and other, net |  |  | — |  |  |  | — |  |  |  | (52,156 | ) |  |  | (52,156 | )
Income (loss) from operations before income taxes |  | $ | 195,811 |  |  | $ | 155,383 |  |  | $ | (73,815 | ) |  | $ | 277,379 |
| Segment financial information for 2017 is as follows:
In thousands |  | Freight Segment |  |  | Transit Segment |  |  | Corporate Activities and 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 |  | $ | 264,276 |  |  | $ | 188,219 |  |  | $ | (31,416 | ) |  | $ | 421,079 |
Interest expense and other, net |  |  | — |  |  |  | — |  |  |  | (69,016 | ) |  |  | (69,016 | )
Income (loss) from operations before income taxes |  | $ | 264,276 |  |  | $ | 188,219 |  |  | $ | (100,432 | ) |  | $ | 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:
In thousands |  | Freight Segment |  |  | Transit Segment |  |  | Corporate Activities and 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 |  | $ | 343,578 |  |  | $ | 170,569 |  |  | $ | (57,540 | ) |  | $ | 456,607 |
Interest expense and other, net |  |  | — |  |  |  | — |  |  |  | (43,770 | ) |  |  | (43,770 | )
Income (loss) from operations before income taxes |  | $ | 343,578 |  |  | $ | 170,569 |  |  | $ | (101,310 | ) |  | $ | 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:
In thousands |  | Freight Segment |  |  | Transit Segment |  |  | Corporate Activities and 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 |  | $ | 483,284 |  |  | $ | 151,631 |  |  | $ | (26,061 | ) |  | $ | 608,854 |
Interest expense and other, net |  |  | — |  |  |  | — |  |  |  | (23,486 | ) |  |  | (23,486 | )
Income (loss) from operations before income taxes |  | $ | 483,284 |  |  | $ | 151,631 |  |  | $ | (49,547 | ) |  | $ | 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 |
Sales by Product | Sales by product line are as follows:
|  | Three Months Ended September 30, |
In thousands |  | 2018 |  |  | 2017 |
Specialty Products & Electronics |  | $ | 408,806 |  |  | $ | 335,143 |
Transit Products |  |  | 258,419 |  |  |  | 276,913 |
Brake Products |  |  | 222,152 |  |  |  | 177,165 |
Remanufacturing, Overhaul & Build |  |  | 134,726 |  |  |  | 132,018 |
Other |  |  | 53,711 |  |  |  | 36,692 |
Total sales |  | $ | 1,077,814 |  |  | $ | 957,931 |
|  | Nine Months Ended September 30, |
In thousands |  | 2018 |  |  | 2017 |
Specialty Products & Electronics |  | $ | 1,229,753 |  |  | $ | 975,006 |
Transit Products |  |  | 814,823 |  |  |  | 789,096 |
Brake Products |  |  | 655,350 |  |  |  | 550,181 |
Remanufacturing, Overhaul & Build |  |  | 397,626 |  |  |  | 387,634 |
Other |  |  | 148,119 |  |  |  | 104,301 |
Total sales |  | $ | 3,245,671 |  |  | $ | 2,806,218 |
| 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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