XML 43 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Q3) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]                            
Net sales $ 1,077,814   $ 957,931             $ 3,245,671 $ 2,806,218      
Cost of sales (775,802)   (704,728)             (2,308,811) (2,009,345) $ (2,816,443) $ (2,006,949) $ (2,260,182)
Gross profit 302,012 $ 268,440 253,203 $ 273,963 $ 269,707 $ 219,189 $ 212,481 $ 237,389 $ 255,180 936,860 796,873 1,065,313 924,239 1,047,816
Selling, general and administrative expenses (146,839)   (118,183)             (465,197) (368,788) (512,552) (373,559) (346,086)
Engineering expenses (20,132)   (24,709)             (61,569) (71,511) (95,166) (71,375) (71,213)
Amortization expense (9,862)   (8,645)             (30,113) (27,039) (36,516) (22,698) (21,663)
Total operating expenses (176,833)   (151,537)             (556,879) (467,338) (644,234) (467,632) (438,962)
Income from operations 125,179 91,545 101,666 113,356 114,512 62,623 119,400 132,375 142,209 379,981 329,535 421,079 456,607 608,854
Other income and expenses                            
Interest expense, net (23,713)   (20,038)             (75,917) (57,460) (77,884) (50,298) (27,254)
Other income (expense), net 1,201   (443)             5,958 5,304 8,868 6,528 3,768
Income from operations before income taxes 102,667   81,185             310,022 277,379 352,063 412,837 585,368
Income tax expense (16,598)   (12,746)             (53,225) (64,776) (89,773) (99,433) (186,740)
Net income 86,069   68,439             256,797 212,603 262,290 313,404 398,628
Less: Net loss (gain) attributable to noncontrolling interest 1,670   (1,040)             3,724 710 (29) (8,517) 0
Net income attributable to Wabtec shareholders $ 87,739 $ 48,948 $ 67,399 $ 72,025 $ 73,889 $ 46,328 $ 82,428 $ 90,485 $ 94,163 $ 260,521 $ 213,313 $ 262,261 $ 304,887 $ 398,628
Basic                            
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.91 $ 0.51 $ 0.70 $ 0.75 $ 0.77 $ 0.42 $ 0.92 $ 1.00 $ 1.03 $ 2.71 $ 2.23 $ 2.74 $ 3.37 $ 4.14
Diluted                            
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.91 $ 0.51 $ 0.70 $ 0.75 $ 0.77 $ 0.42 $ 0.91 $ 1.00 $ 1.02 $ 2.70 $ 2.22 $ 2.72 $ 3.34 $ 4.10
Weighted average shares outstanding                            
Basic (in shares) 96,208   95,709             95,935 95,163 95,453 90,359 96,074
Diluted (in shares) 96,637   96,316             96,436 95,808 96,125 91,141 97,006