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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Computation of basic and diluted net income attributable to Trinity Industries, Inc. | The computation of basic and diluted net income attributable to Trinity Industries, Inc. is as follows.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
| (in millions, except per share amounts)
Income from continuing operations | $ | 37.6 |  |  | $ | 37.3 |  |  | $ | 68.8 |  |  | $ | 52.5 |
Less: Net (income) loss attributable to noncontrolling interest | (0.4 | ) |  | (1.4 | ) |  | 0.1 |  |  | (2.8 | )
Unvested restricted share participation - continuing operations | (0.3 | ) |  | (0.8 | ) |  | (0.9 | ) |  | (1.3 | )
Net income from continuing operations attributable to Trinity Industries, Inc. | 36.9 |  |  | 35.1 |  |  | 68.0 |  |  | 48.4 |
Net income (loss) from discontinued operations, net of income taxes | (0.8 | ) |  | 28.2 |  |  | (1.9 | ) |  | 54.6 |
Unvested restricted share participation - discontinued operations | — |  |  | (0.3 | ) |  | — |  |  | (0.6 | )
Net income (loss) from discontinued operations attributable to Trinity Industries, Inc. | (0.8 | ) |  | 27.9 |  |  | (1.9 | ) |  | 54.0 |
Net income attributable to Trinity Industries, Inc., including the effect of unvested restricted share participation | $ | 36.1 |  |  | $ | 63.0 |  |  | $ | 66.1 |  |  | $ | 102.4 |
Basic weighted average shares outstanding | 127.6 |  |  | 146.2 |  |  | 129.0 |  |  | 146.7 |
Effect of dilutive securities: |  |  |  |  |  |  |
Nonparticipating unvested RSUs and RSAs | 1.6 |  |  | 0.8 |  |  | 1.7 |  |  | 0.8 |
Convertible subordinated notes | — |  |  | — |  |  | — |  |  | 2.7 |
Diluted weighted average shares outstanding | 129.2 |  |  | 147.0 |  |  | 130.7 |  |  | 150.2 |
Basic earnings per common share: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.29 |  |  | $ | 0.24 |  |  | $ | 0.53 |  |  | $ | 0.33 |
Income (loss) from discontinued operations | (0.01 | ) |  | 0.19 |  |  | (0.02 | ) |  | 0.37 |
Basic net income attributable to Trinity Industries, Inc. | $ | 0.28 |  |  | $ | 0.43 |  |  | $ | 0.51 |  |  | $ | 0.70 |
Diluted earnings per common share: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.29 |  |  | $ | 0.24 |  |  | $ | 0.52 |  |  | $ | 0.32 |
Income (loss) from discontinued operations | (0.01 | ) |  | 0.19 |  |  | (0.01 | ) |  | 0.36 |
Diluted net income attributable to Trinity Industries, Inc. | $ | 0.28 |  |  | $ | 0.43 |  |  | $ | 0.51 |  |  | $ | 0.68 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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