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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Computation of basic and diluted net income attributable to Trinity Industries, Inc. | The following table sets forth the computation of basic and diluted net income attributable to Trinity Industries, Inc.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions, except per share amounts)
Income from continuing operations | $ | 26.3 |  |  | $ | 29.7 |  |  | $ | 66.6 |  |  | $ | 56.1 |
Less: Net income attributable to noncontrolling interest | (1.8) |  |  | (0.5) |  |  | (15.3) |  |  | (7.9) |
Net income from continuing operations attributable to Trinity Industries, Inc. | 24.5 |  |  | 29.2 |  |  | 51.3 |  |  | 48.2 |
Loss from discontinued operations, net of income taxes | (2.7) |  |  | (3.4) |  |  | (8.1) |  |  | (13.7) |
Loss on sale of discontinued operations, net of income taxes | — |  |  | — |  |  | — |  |  | (5.7) |
Net loss from discontinued operations attributable to Trinity Industries, Inc. | (2.7) |  |  | (3.4) |  |  | (8.1) |  |  | (19.4) |
Net income attributable to Trinity Industries, Inc. | $ | 21.8 |  |  | $ | 25.8 |  |  | $ | 43.2 |  |  | $ | 28.8 |
Basic weighted average shares outstanding | 81.6 |  |  | 81.7 |  |  | 81.2 |  |  | 82.3 |
Effect of dilutive securities | 1.9 |  |  | 1.6 |  |  | 2.3 |  |  | 2.1 |
Diluted weighted average shares outstanding | 83.5 |  |  | 83.3 |  |  | 83.5 |  |  | 84.4 |
Basic earnings per common share: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.30 |  |  | $ | 0.36 |  |  | $ | 0.63 |  |  | $ | 0.59 |
Loss from discontinued operations | (0.03) |  |  | (0.04) |  |  | (0.10) |  |  | (0.24) |
Basic net income attributable to Trinity Industries, Inc. | $ | 0.27 |  |  | $ | 0.32 |  |  | $ | 0.53 |  |  | $ | 0.35 |
Diluted earnings per common share: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.29 |  |  | $ | 0.35 |  |  | $ | 0.62 |  |  | $ | 0.57 |
Loss from discontinued operations | (0.03) |  |  | (0.04) |  |  | (0.10) |  |  | (0.23) |
Diluted net income attributable to Trinity Industries, Inc. | $ | 0.26 |  |  | $ | 0.31 |  |  | $ | 0.52 |  |  | $ | 0.34 |
Potentially dilutive securities excluded from EPS calculation: |  |  |  |  |  |  |
Antidilutive restricted shares | 0.1 |  |  | 0.3 |  |  | 0.1 |  |  | 0.1 |
Antidilutive stock options | — |  |  | — |  |  | — |  |  | — |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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