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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2013	Oct. 25, 2013
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Trading Symbol	WAB
Entity Registrant Name	WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
Entity Central Index Key	0000943452
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		96,304,944

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Current Assets
Cash and cash equivalents	$ 281,007	$ 215,766
Accounts receivable	570,276	389,915
Inventories	400,295	407,039
Deferred income taxes	61,208	60,894
Other	31,648	19,324
Total current assets	1,344,434	1,092,938
Property, plant and equipment	585,355	555,924
Accumulated depreciation	(318,405)	(311,836)
Property, plant and equipment, net	266,950	244,088
Other Assets
Goodwill	790,756	666,022
Other intangibles, net	376,137	308,321
Other noncurrent assets	38,703	40,173
Total other assets	1,205,596	1,014,516
Total Assets	2,816,980	2,351,542
Current Liabilities
Accounts payable	288,026	248,593
Customer deposits	70,896	82,810
Accrued compensation	51,608	53,222
Accrued warranty	43,767	39,860
Current portion of long-term debt	85	43
Other accrued liabilities	87,376	128,531
Total current liabilities	541,758	553,059
Long-term debt	539,606	317,853
Accrued postretirement and pension benefits	60,304	66,388
Deferred income taxes	118,460	91,176
Accrued warranty	18,517	18,352
Other long-term liabilities	21,286	22,697
Total liabilities	1,299,931	1,069,525
Shareholders’ Equity
Preferred stock, 1,000,000 shares authorized, no shares issued
Common stock, $.01 par value; 200,000,000 shares authorized: 132,349,534 shares issued and 96,304,944 and 95,407,368 outstanding at September 30, 2013 and December 31, 2012, respectively	1,323	1,323
Additional paid-in capital	402,527	381,348
Treasury stock, at cost, 36,044,590 and 36,942,166 shares, at September 30, 2013 and December 31, 2012, respectively	(345,603)	(349,388)
Retained earnings	1,506,505	1,297,111
Accumulated other comprehensive loss	(52,079)	(53,564)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity	1,512,673	1,276,830
Non-controlling interest	4,376	5,187
Total shareholders’ equity	1,517,049	1,282,017
Total Liabilities and Shareholders’ Equity	$ 2,816,980	$ 2,351,542

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2013	Dec. 31, 2012
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	132,349,534	132,349,534
Common stock, shares outstanding	96,304,944	95,407,368
Treasury stock, shares	36,044,590	36,942,166

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net sales	$ 631,398	$ 587,593	$ 1,884,910	$ 1,780,722
Cost of sales	(443,265)	(416,314)	(1,321,008)	(1,266,635)
Gross profit	188,133	171,279	563,902	514,087
Selling, general and administrative expense	(63,402)	(59,743)	(191,576)	(180,935)
Engineering expense	(10,921)	(10,753)	(33,535)	(31,047)
Amortization expense	(3,939)	(3,941)	(12,699)	(10,288)
Total operating expenses	(78,262)	(74,437)	(237,810)	(222,270)
Income from operations	109,871	96,842	326,092	291,817
Other income and expenses
Interest expense, net	(3,829)	(3,070)	(10,714)	(10,303)
Other income (expense) , net	(1,658)	(1,393)	(1,833)	(1,284)
Income from operations before income taxes	104,384	92,379	313,545	280,230
Income tax expense	(30,441)	(29,385)	(95,351)	(93,263)
Net income attributable to Wabtec shareholders	$ 73,943	$ 62,994	$ 218,194	$ 186,967
Basic
Net income attributable to Wabtec shareholders	$ 0.77	$ 0.66	$ 2.28	$ 1.95
Diluted
Net income attributable to Wabtec shareholders	$ 0.76	$ 0.65	$ 2.25	$ 1.93
Weighted average shares outstanding
Basic	95,848	95,286	95,383	95,464
Diluted	97,174	96,542	96,754	96,720

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net income attributable to Wabtec shareholders	$ 73,943	$ 62,994	$ 218,194	$ 186,967
Foreign currency translation gain (loss)	34,179	11,916	(2,799)	6,298
Unrealized (loss) gain on interest rate swap contracts	(411)	(903)	599	(3,064)
Pension benefit plans and post-retirement benefit plans	1,341	(128)	6,746	2,158
Other comprehensive income before tax	35,109	10,885	4,546	5,392
Income tax (expense) benefit related to components of other comprehensive income	(1,075)	333	(3,061)	425
Other comprehensive income, net of tax	34,034	11,218	1,485	5,817
Comprehensive income attributable to Wabtec shareholders	$ 107,977	$ 74,212	$ 219,679	$ 192,784

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating Activities
Net income attributable to Wabtec shareholders	$ 218,194	$ 186,967
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	37,135	31,488
Stock-based compensation expense	17,596	15,007
(Gain) loss on disposal of property, plant and equipment	(641)	674
Excess income tax benefits from exercise of stock options	(9,445)	(2,518)
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable	(167,175)	(71,430)
Inventories	29,025	(26,599)
Accounts payable	23,542	(18,569)
Accrued income taxes	(2,032)	(17,378)
Accrued liabilities and customer deposits	(45,407)	37,700
Other assets and liabilities	(15,796)	(21,817)
Net cash provided by operating activities	84,996	113,525
Investing Activities
Purchase of property, plant and equipment	(23,595)	(24,694)
Proceeds from disposal of property, plant and equipment	6,168	931
Acquisitions of business, net of cash acquired	(222,058)	(102,304)
Net cash used for investing activities	(239,485)	(126,067)
Financing Activities
Proceeds from debt	868,538	211,000
Payments of debt	(649,359)	(173,992)
Proceeds from exercise of stock options and other benefit plans	4,736	3,021
Excess income tax benefits from exercise of stock options	9,445	2,518
Stock repurchase	(5,486)	(27,997)
Cash dividends ($0.09 and $0.06 per share for the nine months ended September 30, 2013 and 2012, respectively)	(8,800)	(5,256)
Net cash provided by financing activities	219,074	9,294
Effect of changes in currency exchange rates	656	(312)
Increase (decrease) in cash	65,241	(3,560)
Cash, beginning of year	215,766	285,615
Cash, end of period	$ 281,007	$ 282,055

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash dividends, per share	$ 0.09	$ 0.06

Business

9 Months Ended

Sep. 30, 2013

Business

1. BUSINESS

Wabtec is one of the world’s largest providers of value-added, technology-based products and services for the global rail industry. Our products are found on virtually all U.S. locomotives, freight cars and passenger transit vehicles, as well as in more than 100 countries throughout the world. Our products enhance safety, improve productivity and reduce maintenance costs for customers, and many of our core products and services are essential in the safe and efficient operation of freight rail and passenger transit vehicles. Wabtec is a global company with operations in 19 countries. In the first nine months of 2013, about 49% of the Company’s revenues came from customers outside the U.S.

Accounting Policies

9 Months Ended

Sep. 30, 2013

Accounting Policies

2. ACCOUNTING POLICIES

Basis of Presentation The unaudited condensed consolidated interim financial statements have been prepared in accordance with generally accepted accounting principles and the rules and regulations of the Securities and Exchange Commission and include the accounts of Wabtec and its majority owned subsidiaries. These condensed consolidated interim financial statements do not include all of the information and footnotes required for complete financial statements. In management’s opinion, these financial statements reflect all adjustments of a normal, recurring nature necessary for a fair presentation of the results for the interim periods presented. Results for these interim periods are not necessarily indicative of results to be expected for the full year.

The Company operates on a four-four-five week accounting quarter, and the quarters’ end on or about March 31, June 30, September 30 and December 31.

The notes included herein should be read in conjunction with the audited consolidated financial statements included in Wabtec’s Annual Report on Form 10-K for the year ended December 31, 2012. The December 31, 2012 information has been derived from the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Capital Structure On May 14, 2013, our stockholders approved an amendment to our Amended and Restated Certificate of Incorporation to increase the number of authorized shares of our common stock to 200.0 million shares. In addition, on May 14, 2013, our Board of Directors approved a two-for-one split of the Company’s issued and outstanding common stock in the form of a 100% stock dividend. The increase in the authorized shares and the stock split became effective on May 14, 2013 and June 11, 2013, respectively.

The Company issued approximately 66.2 million shares of its common stock as a result of the two-for-one stock split. The par value of the Company’s common stock remained unchanged at $0.01 per share.

Information regarding shares of common stock (except par value per share), retained earnings, and net income per common share attributable to Wabtec shareholders for all periods presented reflects the two-for-one split of the Company’s common stock. The number of shares of the Company’s common stock issuable upon exercise of outstanding stock options and vesting of other stock-based awards was proportionally increased, and the exercise price per share thereof was proportionally decreased, in accordance with the terms of the stock incentive plans.

Reclassifications Certain prior year amounts have been reclassified where necessary to conform to the current year presentation.

Revenue Recognition Revenue is recognized in accordance with Accounting Standards Codification (“ASC”) 605 “Revenue Recognition”. Revenue is recognized when products have been shipped to the respective customers, title has passed and the price for the product has been determined.

In general, the Company recognizes revenues on long-term contracts based on the percentage of completion method of accounting. The units-of-delivery method or other input-based or output-based measures, as appropriate, are used to measure the progress toward completion of individual contracts. Contract revenues and cost estimates are reviewed and revised at a minimum quarterly and adjustments are reflected in the accounting period as such amounts are determined. Provisions are made currently for estimated losses on uncompleted contracts. Unbilled accounts receivables were $213.5 million and $97.1 million, customer deposits were $70.9 million and $82.8 million, and provisions for loss contracts were $13.8 million and $14.2 million at September 30, 2013 and December 31, 2012, respectively.

Certain pre-production costs relating to long-term production and supply contracts have been deferred and will be recognized over the life of the contracts. Deferred pre-production costs were $17.8 million and $20.5 million at September 30, 2013 and December 31, 2012, respectively.

Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from the estimates. On an ongoing basis, management reviews its estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.

Financial Derivatives and Hedging Activities The Company has periodically entered into foreign currency forward contracts to reduce the impact of changes in currency exchange rates. Forward contracts are agreements with a counter-party to exchange two distinct currencies at a set exchange rate for delivery on a set date at some point in the future. There is no exchange of funds until the delivery date. At the delivery date the Company can either take delivery of the currency or settle on a net basis. At September 30, 2013, the Company had no material foreign currency forward contracts.

To reduce the impact of interest rate changes on a portion of its variable-rate debt, the Company entered into a forward starting interest rate swap agreement with a notional value of $150.0 million. Effective July 31, 2013, with a termination date of November 7, 2016, this interest rate swap agreement converts a portion of the Company’s then outstanding debt from a variable rate to a fixed-rate borrowing. The Company is exposed to credit risk in the event of nonperformance by the counterparty. However, since only the cash interest payments are exchanged, exposure is significantly less than the notional amount. The counterparty is a large financial institution with an excellent credit rating and history of performance. The Company currently believes the risk of nonperformance is negligible. The Company concluded that the interest rate swap agreement qualifies for special cash flow hedge accounting which requires the recording of the fair value of the interest rate swap agreement and permits the corresponding adjustment to other comprehensive income (loss), net of tax, on the balance sheet. During the term of the interest rate swap agreement the interest rate on the notional value will be fixed at 1.415% plus the Alternate Rate margin. As of September 30, 2013, the Company has recorded a current liability of $3.3million and a corresponding offset in accumulated other comprehensive loss of $2.0 million, net of tax, related to this agreement.

Foreign Currency Translation Assets and liabilities of foreign subsidiaries, except for the Company’s Mexican operations whose functional currency is the U.S. Dollar, are translated at the rate of exchange in effect on the balance sheet date while income and expenses are translated at the average rates of exchange prevailing during the year. Foreign currency gains and losses resulting from transactions, and the translation of financial statements are recorded in the Company’s consolidated financial statements based upon the provisions of ASC 830 “Foreign Currency Matters.” The effects of currency exchange rate changes on intercompany transactions and balances of a long-term investment nature are accumulated and carried as a component of accumulated other comprehensive loss. The effects of currency exchange rate changes on intercompany transactions that are denominated in a currency other than an entity’s functional currency are charged or credited to earnings. Foreign exchange transaction losses recognized in other income (expense), net were $1.0 million and $2.9 million for the three and nine months ended September 30, 2013, respectively. Foreign exchange transaction losses recognized in other income (expense), net were $1.4 million and $0.4 million for the three and nine months ended September 30, 2012, respectively.

Non-controlling Interests In accordance with ASC 810, the Company has classified non-controlling interests as equity on our condensed consolidated balance sheets as of September 30, 2013 and December 31, 2012. Net income attributable to non-controlling interests for the three and nine months ended September 30, 2013 and 2012 was not material.

Other Comprehensive Income Comprehensive income is defined as net income and all other non-owner changes in shareholders’ equity.

The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended September 30, 2013 are as follows:

In thousands	Foreign currency translation			Interest rate swap contracts			Pension and post retirement benefit plans			Total
Balance at December 31, 2012	$	11,981		$	(2,459	)	$	(63,086	)	$	(53,564	)
Other comprehensive income before reclassifications		(2,799	)		335			1,188			(1,276	)
Amounts reclassified from accumulated other comprehensive income		—			13			2,748			2,761
Net current period other comprehensive income		(2,799	)		348			3,936			1,485
Balance at September 30, 2013	$	9,182		$	(2,111	)	$	(59,150	)	$	(52,079	)

Reclassifications out of accumulated other comprehensive loss for the three months ended September 30, 2013 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Operations
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(672	)	Cost of sales
Amortization of net loss		1,832		Cost of sales
		1,160		Income from Operations
		(371	)	Income tax expense
	$	789		Net income

Reclassifications out of accumulated other comprehensive loss for the nine months ended September 30, 2013 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Operations
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(1,896	)	Cost of sales
Amortization of net loss		5,878		Cost of sales
		3,982		Income from Operations
		(1,234	)	Income tax expense
	$	2,748		Net income

Acquisitions

9 Months Ended

Sep. 30, 2013

Acquisitions

3. ACQUISITIONS

The Company has made the following acquisitions within the Transit Segment:

 On October 1, 2012, the Company acquired LH Group (“LH”), a UK-based provider of maintenance and overhaul services for the passenger transit market, for a net purchase price of approximately $48.1 million, net of cash, resulting in preliminary goodwill of $20.1 million, none of which will be deductible for tax purposes.

 On July 13, 2012, the Company acquired Tec Tran Corp. and its affiliates (“Tec Tran”), the only U.S.-owned manufacturer of hydraulic braking systems for transit cars, based in North Carolina, for a net purchase price of approximately $8.3 million, net of cash, resulting in additional goodwill of $1.7 million, which will be deductible for tax purposes.

 On June 14, 2012, the Company acquired Mors Smitt Holding (“Mors Smitt”), a leading manufacturer of electronic components for rail and industrial markets with operations in the Netherlands, the United Kingdom, the U.S., France, China and Hong-Kong, for a net purchase price of approximately $90.0 million, net of cash, resulting in additional goodwill of $42.9 million, none of which will be deductible for tax purposes.

The Company has made the following acquisitions within the Freight Segment:

 On September 24, 2013, the Company acquired Longwood Industries, Inc (“Longwood”), a manufacturer of specialty rubber products for transportation, oil and gas, and industrial markets, for a net purchase price of approximately $83.9 million, net of cash, resulting in preliminary goodwill of $41.5 million, none of which will be deductible for tax purposes.

 On July 30, 2013, the Company acquired Turbonetics Holdings, Inc (“Turbonetics”), a manufacturer of turbochargers and related components for various industrial markets, for a net purchase price of approximately $23.1 million, net of cash, resulting in preliminary goodwill of $6.9 million, none of which will be deductible for tax purposes.

 On February 26, 2013, the Company acquired Transdyne (“Transdyne”), a distributor of wear-protection components and other hardware used primarily on railroad freight cars, for a net purchase price of approximately $2.4 million, net of cash, resulting in preliminary goodwill of $0.5 million, which will be deductible for tax purposes.

 On January 31, 2013, the Company acquired Napier Turbochargers Ltd. (“Napier”), a UK-based provider of turbochargers and related parts for the worldwide power generation and marine markets, for a net purchase price of approximately $112.3 million, net of cash, resulting in preliminary goodwill of $68.4 million, none of which will be deductible for tax purposes.

 On July 31, 2012, the Company acquired Winco Equipamentos Ferroviarios Ltda. (“Winco”), an established marketing and sales company and provider of freight car components with capabilities including value-added engineering and assembly, service, technical support and logistics, based in Brazil, for an initial net payment of approximately $3.7 million, net of cash, resulting in additional goodwill of $3.8 million, none of which will be deductible for tax purposes. In addition to the $3.7 million, the purchase agreement includes contingent consideration to be paid in future periods based on the achievement of certain financial results.

The acquisitions listed above include escrow deposits of $20.8 million, which act as security for indemnity and other claims in accordance with the purchase and related escrow agreements.

For the Longwood, Turbonetics, Transdyne, LH, and Napier acquisitions, the following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of the acquisition. For the Winco, Tec Tran and Mors Smitt acquisition, the following table summarizes the final fair values of the assets acquired and liabilities assumed at the date of acquisition.

	Longwood				Turbonetics				Transdyne			Napier				LH			Winco			Tec Tran				Mors Smitt
In thousands	September 24, 2013				July 30, 2013				February 26, 2013			January 31, 2013				October 1, 2012			July 31, 2012			July 13, 2012				June 14, 2012
Current assets	$	19,632		$		5,550		$		1,062			$	15,934		$	19,126		$	1,584			$	1,955			$	23,649
Property, plant & equipment		14,838				996				83				9,184			5,874			47				116				10,389
Goodwill and other intangible assets		73,013				18,088				1,485				106,373			38,712			6,471				6,717				79,730
Other assets		187				—				—				—			—			1,825				—				944
Total assets acquired		107,670				24,634				2,630				131,491			63,712			9,927				8,788				114,712
Total liabilities assumed		(23,807	)			(1,510	)			(228	)			(19,150	)		(15,592	)		(6,271	)			(470	)			(24,724	)
Net assets acquired	$	83,863		$		23,124		$		2,402			$	112,341		$	48,120		$	3,656			$	8,318			$	89,988

The total goodwill and other intangible assets for acquisitions listed in the table above was $330.5 million, of which $185.8 million and $144.7 million was related to goodwill and other intangible assets, respectively. Of the allocation of $144.7 million of acquired intangible assets for the companies listed in the above table exclusive of goodwill, $107.4 million was assigned to customer relationships, $27.6 million was assigned to trade names, $4.7 million was assigned to patents, $0.6 million was assigned to non-compete agreements, $0.8 million was assigned to favorable leasehold interest and $3.6 million was assigned to customer backlog. The trade names are considered to have an indefinite useful life, while the customer relationships’ average useful life is 20 years, the patents’ useful life is twelve years, the favorable leasehold interest useful life is five years and the non-compete agreements average useful life is two years.

The following unaudited pro forma financial information presents income statement results as if the acquisitions listed above had occurred on January 1, 2012:

In thousands	Three Months Ended September 30, 2013		Three Months Ended September 30, 2012		Nine Months Ended September 30, 2013		Nine Months Ended September 30, 2012
Net sales	$	647,832	$	640,557	$	1,947,935	$	1,980,752
Gross profit		190,556		185,138		577,014		570,790
Net income attributable to Wabtec shareholders		74,496		68,077		222,999		206,059
Diluted earnings per share
As Reported	$	0.76	$	0.65	$	2.25	$	1.93
Pro forma	$	0.76	$	0.70	$	2.30	$	2.12

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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+ Details

Inventories

9 Months Ended

Sep. 30, 2013

Inventories

4. INVENTORIES

The components of inventory, net of reserves, were:

In thousands	September 30, 2013		December 31, 2012
Raw materials	$	167,792	$	186,341
Work-in-process		135,530		129,605
Finished goods		96,973		91,093
Total inventories	$	400,295	$	407,039

Intangibles

9 Months Ended

Sep. 30, 2013

Intangibles

5. INTANGIBLES

The change in the carrying amount of goodwill by segment for the nine months ended September 30, 2013 is as follows:

In thousands	Freight Segment			Transit Segment
Balance at December 31, 2012	$	397,184		$	268,838	$	666,022
Acquisitions		123,431			—		123,431
Adjustments to preliminary purchase allocation		(891	)		1,269		378
Foreign currency impact		(2,262	)		3,187		925
Balance at September 30, 2013	$	517,462		$	273,294	$	790,756

As of September 30, 2013 and December 31, 2012, the Company’s trademarks had a net carrying amount of $144.0 million and $131.3 million, respectively, and the Company believes these intangibles have an indefinite life.

Intangible assets of the Company, other than goodwill and trademarks, consist of the following:

In thousands	September 30, 2013		December 31, 2012
Patents and other, net of accumulated amortization of $36,947 and $35,556	$	13,995	$	11,835
Customer relationships, net of accumulated amortization of $40,911 and $31,572		218,169		165,160
Total	$	232,164	$	176,995

The weighted average remaining useful life of patents, customer relationships and intellectual property were nine years, 17 years and 16 years, respectively. Amortization expense for intangible assets was $3.9 million and $12.7 million for the three and nine months ended September 30, 2013, respectively, and $3.9 million and $10.3 million for the three and nine months ended September 30, 2012, respectively.

Amortization expense for the five succeeding years is as follows (in thousands):

Remainder of 2013	$	4,657
2014		17,416
2015		16,211
2016		16,059
2017		14,534

Long-term Debt

9 Months Ended

Sep. 30, 2013

Long-term Debt

6. LONG-TERM DEBT

Long-term debt consisted of the following:

In thousands	September 30, 2013
4.375% Senior Notes, due 2023	$	250,000	$	—
6.875% Senior Notes, due 2013		—		150,000
Revolving Credit Facility		289,000		167,000
Capital Leases		691		896
Total		539,691		317,896
Less—current portion		85		43
Long-term portion	$	539,606	$	317,853

2011 Refinancing Credit Agreement

On November 7, 2011, the Company refinanced its existing revolving credit and term loan facility with a consortium of commercial banks. This “2011 Refinancing Credit Agreement” provides the Company with a $600 million, five-year revolving credit facility. The Company incurred approximately $1.9 million of deferred financing cost related to the 2011 Refinancing Credit Agreement. The facility expires on November 7, 2016. The 2011 Refinancing Credit Agreement borrowings bear variable interest rates indexed to the indices described below. At September 30, 2013, the Company had available bank borrowing capacity, net of $60.1 million of letters of credit, of approximately $250.9 million, subject to certain financial covenant restrictions.

Under the 2011 Refinancing Credit Agreement, the Company may elect a Base Rate of interest or an interest rate based on the London Interbank Offered Rate (“LIBOR”) of interest (“the Alternate Rate”). The Base Rate adjusts on a daily basis and is the greater of the Federal Funds Effective Rate plus 0.5%per annum, the PNC, N.A. prime rate or the Daily LIBOR Rate plus 100 basis points plus a margin that ranges from 0 to 75 basis points. The Alternate Rate is based on quoted LIBOR rates plus a margin that ranges from 75 to 175 basis points. Both the Base Rate and Alternate Rate margins are dependent on the Company’s consolidated total indebtedness to cash flow ratios. The current Base Rate margin is 0 basis points and the Alternate Rate margin is 100 basis points.

At September 30, 2013 the weighted average interest rate on the Company’s variable rate debt was 1.19%. On January 12, 2012, the Company entered into a forward starting interest rate swap agreement with a notional value of $150.0 million. The effective date of the interest rate swap agreement was July 31, 2013, and the termination date is November 7, 2016. The impact of the interest rate swap agreement converts a portion of the Company’s outstanding debt from a variable rate to a fixed-rate borrowing. During the term of the interest rate swap agreement the interest rate on the notional value will be fixed at 1.415% plus the Alternate Rate margin. The Company is exposed to credit risk in the event of nonperformance by the counterparty. However, since only the cash interest payments are exchanged, exposure is significantly less than the notional amount. The counterparty is a large financial institution with an excellent credit rating and history of performance. The Company currently believes the risk of nonperformance is negligible.

The 2011 Refinancing Credit Agreement limits the Company’s ability to declare or pay cash dividends and prohibits the Company from declaring or making other distributions, subject to certain exceptions. The 2011 Refinancing Credit Agreement contains various other covenants and restrictions including the following limitations: incurrence of additional indebtedness; mergers, consolidations, sales of assets and acquisitions; additional liens; sale and leasebacks; permissible investments, loans and advances; certain debt payments; and imposes a minimum interest expense coverage ratio of 3.0 and a maximum debt to cash flow ratio of 3.25. The Company does not expect that these measurements will limit the Company in executing our operating activities.

4.375% Senior Notes Due August 2023

In August 2013, the Company issued $250.0 million of Senior Notes due in 2023 (“the 2013 Notes”). The 2013 Notes were issued at 99.879% of face value. Interest on the 2013 Notes accrues at a rate of 4.375% per annum and is payable semi-annually on February 15 and August 15 of each year. The proceeds were used to repay debt outstanding under the Company’s existing credit agreement, and for general corporate purposes. The principal balance is due in full at maturity. The Company incurred $2.6 million of deferred financing costs related to the issuance.

The Notes are senior unsecured obligations of the Company and rank pari passu with all existing and future senior debt and senior to all existing and future subordinated indebtedness of the Company. The indenture under which the Notes were issued contains covenants and restrictions which limit among other things, the following: the incurrence of indebtedness, payment of dividends and certain distributions, sale of assets, change in control, mergers and consolidations and the incurrence of liens.

The Company is in compliance with the restrictions and covenants in the indenture under which the Notes were issued and expects that these restrictions and covenants will not be any type of limiting factor in executing our operating activities.

6.875% Senior Notes Due July 31, 2013

In August 2003, the Company issued $150.0 million of Senior Notes due in 2013 (“the 2003 Notes”). The 2003 Notes were issued at par. Interest on the 2003 Notes accrued at a rate of 6.875% per annum and was payable semi-annually on January 31 and July 31 of each year. The proceeds were used to repay debt outstanding under the Company’s existing credit agreement, and for general corporate purposes. The Company paid off the 2003 Notes, which matured on July 31, 2013 utilizing available capacity under the 2011 Refinancing Credit Agreement.

Employee Benefit Plans

9 Months Ended

Sep. 30, 2013

Employee Benefit Plans

7. EMPLOYEE BENEFIT PLANS

Defined Benefit Pension Plans

The Company sponsors defined benefit pension plans that cover certain U.S., Canadian, German, and United Kingdom employees and which provide benefits of stated amounts for each year of service of the employee.

The Company uses a December 31 measurement date for the plans.

The following tables provide information regarding the Company’s defined benefit pension plans summarized by U.S. and international components.

	U.S.								International
	Three months ended September 30,								Three months ended September 30,
In thousands, except percentages	2013				2012				2013					2012
Net periodic benefit cost
Service cost	$	111			$	94			$	505			$		493
Interest cost		490				501				1,651					1,773
Expected return on plan assets		(752	)			(771	)			(2,087	)				(2,035	)
Net amortization/deferrals		753				659				849					681
Settlement loss recognized		—				—				166					844
Net periodic benefit cost	$	602			$	483			$	1,084			$		1,756
Assumptions
Discount rate		3.90		%		4.30		%		4.30		%			4.96		%
Expected long-term rate of return		7.50		%		7.50		%		6.09		%			6.12		%
Rate of compensation increase		3.00		%		3.00		%		3.10		%			3.21		%

	U.S.								International
	Nine months ended September 30,								Nine months ended September 30,
In thousands, except percentages	2013				2012				2013					2012
Net periodic benefit cost
Service cost	$	323			$	285			$	1,524			$		1,479
Interest cost		1,472				1,585				4,984					5,309
Expected return on plan assets		(2,232	)			(2,321	)			(6,304	)				(6,085	)
Net amortization/deferrals		2,431				2,272				2,570					2,032
Settlement loss recognized		—				—				166					1,137
Net periodic benefit cost	$	1,994			$	1,821			$	2,940			$		3,872
Assumptions
Discount rate		3.90		%		4.30		%		4.30		%			4.96		%
Expected long-term rate of return		7.50		%		7.50		%		6.09		%			6.12		%
Rate of compensation increase		3.00		%		3.00		%		3.10		%			3.21		%

The Company’s funding methods are based on governmental requirements and differ from those methods used to recognize pension expense. The Company expects to contribute $4.9 million to the international plans and does not expect to make a contribution to the U.S. plans during 2013.

Post Retirement Benefit Plans

In addition to providing pension benefits, the Company has provided certain unfunded postretirement health care and life insurance benefits for a portion of North American employees. The Company is not obligated to pay health care and life insurance benefits to individuals who had retired prior to 1990.

The Company uses a December 31 measurement date for all post retirement plans.

The following tables provide information regarding the Company’s post retirement benefit plans summarized by U.S. and international components.

	U.S.								International
	Three months ended September 30,								Three months ended September 30,
In thousands, except percentages	2013				2012				2013				2012
Net periodic benefit cost
Service cost	$	22			$	(1	)		$	12			$	11
Interest cost		192				339				42				51
Net amortization/deferrals		(367	)			(212	)			(75	)			(83	)
Net periodic benefit (credit) cost	$	(153	)		$	126			$	(21	)		$	(21	)
Assumptions
Discount rate		3.90		%		4.30		%		4.30		%		5.15		%

	U.S.								International
	Nine months ended September 30,								Nine months ended September 30,
In thousands, except percentages	2013				2012				2013					2012
Net periodic benefit cost
Service cost	$	36			$	18			$	36			$		33
Interest cost		834				1,040				129					151
Net amortization/deferrals		(791	)			(613	)			(228	)				(247	)
Net periodic benefit (credit) cost	$	79			$	445			$	(63	)		$		(63	)
Assumptions
Discount rate		3.90		%		4.30		%		4.30		%			5.15		%

Stock-based Compensation

9 Months Ended

Sep. 30, 2013

Stock-based Compensation

8. STOCK-BASED COMPENSATION

As of September 30, 2013, the Company maintains employee stock-based compensation plans for stock options, restricted stock, restricted units, and incentive stock awards as governed by the 2011 Stock Incentive Compensation Plan (the “2011 Plan”) and the 2000 Stock Incentive Plan, as amended (the “2000 Plan”). The 2011 Plan has a 10-year term through March 27, 2021 and provides a maximum of 3,800,000 shares for grants or awards. The 2011 Plan was approved by stockholders of Wabtec on May 11, 2011. The Company also maintains a Non-Employee Directors’ Fee and Stock Option Plan (“Directors Plan”). No awards may be made under the 2000 Plan or the Directors Plan subsequent to October 31, 2016.

Stock-based compensation expense was $17.6 million and $15.4 million for the nine months ended September 30, 2013 and 2012, respectively. Included in the stock-based compensation expense for the nine months ended September 30, 2013 above is $1.7 million of expense related to stock options, $3.9 million related to restricted stock, $1.3 million related to restricted units, $10.0 million related to incentive stock awards and $0.7 million related to awards issued for Directors’ fees. At September 30, 2013, unamortized compensation expense related to stock options, restricted stock, restricted units and incentive stock awards expected to vest totaled $25.9 million and will be recognized over a weighted average period of 1.4 years.

Stock Options Stock options are granted to eligible employees and directors at the fair market value, which is the average of the high and low Wabtec stock price on the date of grant. Under the 2011 Plan and the 2000 Plan, options become exercisable over a four-year vesting period and expire 10 years from the date of grant.

The following table summarizes the Company’s stock option activity and related information for the 2011 Plan, the 2000 Plan and the Directors Plan for the nine months ended September 30, 2013:

			Weighted Average Exercise Price			Aggregate intrinsic value (in thousands)
Outstanding at December 31, 2012	1,465,678		$	20.24	6.3	$	34,487
Granted	116,392			48.29			1,661
Exercised	(325,552	)		14.55			(15,630	)
Canceled	(1,138	)		46.91			(18	)
Outstanding at September 30, 2013	1,255,380		$	24.32	6.3	$	48,009
Exercisable at September 30, 2013	819,483		$	18.83	5.5	$	35,834

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:

	Nine months ended September 30,
	2013			2012
Dividend yield		.21	%		.23	%
Risk-free interest rate		1.38	%		1.35	%
Stock price volatility		43.8	%		44.95	%
Expected life (years)		5.0			5.0

The dividend yield is based on the Company’s dividend rate and the current market price of the underlying common stock at the date of grant. Expected life in years is determined from historical stock option exercise data. Expected volatility is based on the historical volatility of the Company’s stock. The risk-free interest rate is based on the U.S. Treasury bond rates for the expected life of the option.

Restricted Stock, Restricted Units and Incentive Stock Beginning in 2006 the Company adopted a restricted stock program. As provided for under the 2011 and 2000 Plans, eligible employees are granted restricted stock or restricted units that generally vest over four years from the date of grant. Under the Directors Plan, restricted stock awards vest one year from the date of grant.

In addition, the Company has issued incentive stock awards to eligible employees that vest upon attainment of certain cumulative three year performance goals. Based on the Company’s performance for each three-year period then ended, the incentive stock awards can vest and be awarded ranging from 0% to 200% of the initial incentive stock awards granted. The incentive stock awards included in the table below represent the number of shares that are expected to vest based on the Company’s estimate for meeting those established performance targets. As of September 30, 2013, the Company estimates that it will achieve 200%, 168% and 100% for the incentive stock awards expected to vest based on performance for the three-year periods ending December 31, 2013, 2014, and 2015, respectively, and has recorded incentive compensation expense accordingly. If our estimate of the number of these stock awards expected to vest changes in a future accounting period, cumulative compensation expense could increase or decrease and will be recognized in the current period for the elapsed portion of the vesting period and would change future expense for the remaining vesting period.

Compensation expense for the restricted stock and incentive stock awards is based on the average of the high and low Wabtec stock price on the date of grant and recognized over the applicable vesting period.

The following table summarizes the restricted stock and unit activity for the 2011 Plan, the 2000 Plan and the Directors Plan, and incentive stock awards activity for the 2011 Plan and the 2000 Plan with related information for the nine months ended September 30, 2013:

					Weighted Average Grant Date Fair Value
Outstanding at December 31, 2012	546,773		1,329,078		$	26.69
Granted	172,887		200,090			48.56
Vested	(204,494	)	(570,918	)		20.86
Adjustment for incentive stock awards expected to vest	—		110,608			34.97
Canceled	(1,288	)	(6,350	)		20.50
Outstanding at September 30, 2013	513,878		1,062,508		$	35.34

Income Taxes

9 Months Ended

Sep. 30, 2013

Income Taxes

9. INCOME TAXES

The overall effective income tax rate was 29.2% and 30.4% for the three and nine months ended September 30, 2013, respectively, and 31.8% and 33.3% for the three and nine months ended September 30, 2012, respectively. For the three months ended September 30, 2013, the decrease in the effective rate is primarily due to a benefit recorded for the enacted reduction of a foreign statutory tax rate. For the nine months ended September 30, 2013, the effective rate also includes benefits for the retroactive extension of the R&D tax credit and an increase in foreign income taxed at a lower statutory rates.

As of September 30, 2013, the liability for income taxes associated with uncertain tax positions is $10.9 million, of which $4.1 million, if recognized, would favorably affect the Company’s effective tax rate. As of December 31, 2012 the liability associated with uncertain tax positions was $11.3 million, of which $3.7 million, if recognized, would favorably affect the Company’s effective tax rate.

The Company includes interest and penalties related to uncertain tax positions in income tax expense. As of September 30, 2013 and December 31, 2012 the total accrued interest and penalties are $2.5 million and $1.4 million, respectively.

At this time, the Company believes that it is reasonably possible that unrecognized tax benefits of approximately $1.6 million may change within the next 12 months due to the expiration of statutory review periods and current examinations. With limited exception, the Company is no longer subject to examination by various U.S. and foreign taxing authorities for years before 2011.

Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share

10. EARNINGS PER SHARE

The computation of basic and diluted earnings per share for net income attributable to Wabtec shareholders is as follows:

	Three Months Ended September 30,
In thousands, except per share	2013					2012
Numerator
Numerator for basic and diluted earnings per common share—net income attributable to Wabtec shareholders	$	73,943			$		62,994
Less: dividends declared—common shares and non-vested restricted stock		(4,003	)				(2,376	)
Undistributed earnings		69,940					60,618
Percentage allocated to common shareholders(1)		99.6		%			99.5		%
		69,660					60,315
Add: dividends declared—common shares		3,986					2,370
Numerator for basic and diluted earnings per common share	$	73,646			$		62,685
Denominator
Denominator for basic earnings per common share—weighted-average shares		95,848					95,286
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans		1,326					1,256
Denominator for diluted earnings per common share—adjusted weighted-average shares and assumed conversion		97,174					96,542
Net income per common share attributable to Wabtec shareholders
Basic	$	0.77			$		0.66
Diluted	$	0.76			$		0.65

(1) Basic weighted-average common shares outstanding
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	95,848		95,286
Percentage allocated to common shareholders	96,273		95,772
	99.6	%	99.5	%

	Nine Months Ended September 30,
In thousands, except per share	2013					2012
Numerator
Numerator for basic and diluted earnings per common share—net income attributable to Wabtec shareholders	$	218,194			$		186,967
Less: dividends declared—common shares and non-vested restricted stock		(8,799	)				(5,256	)
Undistributed earnings		209,395					181,711
Percentage allocated to common shareholders(1)		99.5		%			99.5		%
		208,348					180,802
Add: dividends declared—common shares		8,757					5,243
Numerator for basic and diluted earnings per common share	$	217,105			$		186,045
Denominator
Denominator for basic earnings per common share—weighted-average shares		95,383					95,464
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans		1,371					1,256
Denominator for diluted earnings per common share—adjusted weighted-average shares and assumed conversion		96,754					96,720
Net income per common share attributable to Wabtec shareholders
Basic	$	2.28			$		1.95
Diluted	$	2.25			$		1.93

(1) Basic weighted-average common shares outstanding	95,383		95,464
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	95,850		95,977
Percentage allocated to common shareholders	99.5	%	99.5	%

The Company’s non-vested restricted stock contains rights to receive nonforfeitable dividends, and thus, are participating securities requiring the two-class method of computing earnings per share. The calculation of earnings per share for common stock shown above excludes the income attributable to the non-vested restricted stock from the numerator and excludes the dilutive impact of those shares from the denominator.

Warranties

9 Months Ended

Sep. 30, 2013

Warranties

11. WARRANTIES

The following table reconciles the changes in the Company’s product warranty reserve as follows:

	Nine Months Ended September 30,
In thousands	2013			2012
Balance at December 31, 2012 and 2011, respectively	$	58,212		$	50,640
Warranty expense		18,677			18,298
Acquisitions		2,244			494
Warranty claim payments		(16,740	)		(11,971	)
Foreign currency impact/other		(109	)		36
Balance at September 30, 2013 and 2012, respectively	$	62,284		$	57,497

Fair Value Measurement and Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2013

Fair Value Measurement and Fair Value of Financial Instruments

12. FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS

ASC 820 “Fair Value Measurements and Disclosures” defines fair value, establishes a framework for measuring fair value and explains the related disclosure requirements. ASC 820 indicates, among other things, that a fair value measurement assumes that the transaction to sell an asset or transfer a liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability and defines fair value based upon an exit price model.

Valuation Hierarchy ASC 820 establishes a valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

The following table provides the liabilities carried at fair value measured on a recurring basis as of September 30, 2013, which are included in other current liabilities on the Condensed Consolidated Balance sheet:

	Total Carrying Value at September 30, 2013		Fair Value Measurements at September 30, 2013 Using
In thousands	Total Carrying Value at September 30, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Interest rate swap agreement		3,343		—		3,343		—
Total	$	3,343	$	—	$	3,343	$	—

The following table provides the liabilities carried at fair value measured on a recurring basis as of December 31, 2012, which is included in other current liabilities on the Condensed Consolidated Balance sheet:

	Total Carrying Value at December 31, 2012		Fair Value Measurements at December 31, 2012 Using
In thousands	Total Carrying Value at December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Interest rate swap agreement		4,070		—		4,070		—
Total	$	4,070	$	—	$	4,070	$	—

To reduce the impact of interest rate changes on a portion of its variable-rate debt, the Company entered into interest rate swaps which effectively converted a portion of the debt from variable to fixed-rate borrowings during the term of the swap contracts. For certain derivative contracts whose fair values are based upon trades in liquid markets, such as interest rate swaps, valuation model inputs can generally be verified and valuation techniques do not involve significant management judgment. The fair values of such financial instruments are generally classified within Level 2 of the fair value hierarchy.

As a result of our global operating activities the Company is exposed to market risks from changes in foreign currency exchange rates, which may adversely affect our operating results and financial position. When deemed appropriate, the Company minimizes these risks through entering into foreign currency forward contracts. The foreign currency forward contracts are valued using broker quotations, or market transactions in either the listed or over-the counter markets. As such, these derivative instruments are classified within level 2.

The Company’s cash and cash equivalents are highly liquid investments purchased with an original maturity of three months or less and are considered Level 1 on the fair value valuation hierarchy. The fair value of cash and cash equivalents approximated the carrying value at September 30, 2013 and December 31, 2012. The Company’s defined benefit pension plan assets consist primarily of equity security funds, debt security funds and temporary cash and cash equivalent investments. Generally, all plan assets are considered Level 2 based on the fair value valuation hierarchy. The 2013 Notes and the 2003 Notes are considered Level 2 based on the fair value valuation hierarchy.

The estimated fair values and related carrying values of the Company’s financial instruments are as follows:

	September 30, 2013
In thousands	Carry Value		Fair Value			Carry Value			Fair Value
Interest rate swap agreement	$	3,343	$	3,343	$		4,070	$		4,070
4.375% Senior Notes		250,000		249,698			—			—
6.875% Senior Notes		—		—			150,000			154,125

The fair value of the Company’s interest rate swap agreement, the 2013 Notes and the 2003 Notes were based on dealer quotes and represent the estimated amount the Company would pay to the counterparty to terminate the agreement.

Commitments and Contingencies

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies

13. COMMITMENTS AND CONTINGENCIES

Claims have been filed against the Company and certain of its affiliates in various jurisdictions across the United States by persons alleging bodily injury as a result of exposure to asbestos-containing products. Further information and detail on these claims is described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, in Note 18 therein, filed on February 22, 2013. During the first nine months for 2013, there were no material changes to the information described in the Form 10-K, except as regarding the disclosure related to the claim by Faiveley Transport USA. The Faiveley plaintiffs agreed to reduce the damage award to $15.0 million, plus interest, in lieu of a new trial on damages. In accordance with the decision entered by the appellete court, Wabtec paid the Faiveley plaintiffs a total of approximately $15.8 million, and the case is closed.

The Company is also subject to litigation from time to time arising out of its operations in the ordinary course of business, including claims based on product liability, contracts, intellectual property, or other causes of action. Further information and detail on any potentially material litigation is as described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, in Note 18 therein, filed on February 22, 2013. During the first nine months of 2013, there were no material changes to the information described in the Form 10-K.

Segment Information

9 Months Ended

Sep. 30, 2013

Segment Information

14. SEGMENT INFORMATION

Wabtec has two reportable segments—the Freight Segment and the Transit Segment. The key factors used to identify these reportable segments are the organization and alignment of the Company’s internal operations, the nature of the products and services, and customer type. The business segments are:

Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, friction products, and provides related heat exchange and cooling systems. Customers include large, publicly traded railroads, leasing companies, manufacturers of original equipment such as locomotives and freight cars, and utilities.

Transit Segment primarily manufactures and services components for new and existing passenger transit vehicles, typically subway cars and buses, builds new commuter locomotives, friction products, and refurbishes subway cars. Customers include public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses around the world.

The Company evaluates its business segments’ operating results based on income from operations. Corporate activities include general corporate expenses, elimination of intersegment transactions, interest income and expense and other unallocated charges. Since certain administrative and other operating expenses and other items have not been allocated to business segments, the results in the following tables are not necessarily a measure computed in accordance with generally accepted accounting principles and may not be comparable to other companies.

Segment financial information for the three months ended September 30, 2013 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	340,533	$	290,865	$	—		$	631,398
Intersegment sales/(elimination)		5,410		2,642		(8,052	)		—
Total sales	$	345,943	$	293,507	$	(8,052	)	$	631,398
Income (loss) from operations	$	77,299	$	36,335	$	(3,763	)	$	109,871
Interest expense and other, net		—		—		(5,487	)		(5,487	)
Income (loss) from operations before income taxes	$	77,299	$	36,335	$	(9,250	)	$	104,384

Segment financial information for the three months ended September 30, 2012 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	354,659	$	232,934	$	—		$	587,593
Intersegment sales/(elimination)		5,662		3,231		(8,893	)		—
Total sales	$	360,321	$	236,165	$	(8,893	)	$	587,593
Income (loss) from operations	$	75,702	$	24,385	$	(3,245	)	$	96,842
Interest expense and other, net		—		—		(4,463	)		(4,463	)
Income (loss) from operations before income taxes	$	75,702	$	24,385	$	(7,708	)	$	92,379

Segment financial information for the nine months ended September 30, 2013 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	1,009,069	$	875,841	$	—		$	1,884,910
Intersegment sales/(elimination)		20,384		5,407		(25,791	)		—
Total sales	$	1,029,453	$	881,248	$	(25,791	)	$	1,884,910
Income (loss) from operations	$	225,734	$	110,809	$	(10,451	)	$	326,092
Interest expense and other, net		—		—		(12,547	)		(12,547	)
Income (loss) from operations before income taxes	$	225,734	$	110,809	$	(22,998	)	$	313,545

Segment financial information for the nine months ended September 30, 2012 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	1,159,653	$	621,069	$	—		$	1,780,722
Intersegment sales/(elimination)		17,214		8,659		(25,873	)		—
Total sales	$	1,176,867	$	629,728	$	(25,873	)	$	1,780,722
Income (loss) from operations	$	234,734	$	68,934	$	(11,851	)	$	291,817
Interest expense and other, net		—		—		(11,587	)		(11,587	)
Income (loss) from operations before income taxes	$	234,734	$	68,934	$	(23,438	)	$	280,230

Sales by product are as follows:

	Three Months Ended September 30,
In thousands	2013		2012
Specialty Products & Electronics	$	276,482	$	264,094
Brake Products		137,189		129,597
Remanufacturing, Overhaul & Build		148,970		127,027
Other Transit Products		50,270		49,141
Other		18,487		17,734
Total sales	$	631,398	$	587,593

Sales by product are as follows:

	Nine Months Ended September 30,
In thousands	2013		2012
Specialty Products & Electronics	$	799,850	$	841,382
Brake Products		417,921		386,640
Remanufacturing, Overhaul & Build		453,763		348,252
Other Transit Products		153,698		149,941
Other		59,678		54,507
Total sales	$	1,884,910	$	1,780,722

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Guarantor Subsidiaries Financial Information

9 Months Ended

Sep. 30, 2013

Guarantor Subsidiaries Financial Information

15. GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION

Effective August 2003, the Company issued $150 million of Senior Notes due in 2013 (“the 2003 Notes”). The Company paid off the 2003 Notes, which matured on July 31, 2013 and subsequently issued $250.0 million of Senior Notes due in 2023 (“the 2013 Notes”). The obligations under the 2003 Notes are fully and unconditionally guaranteed by all U.S. subsidiaries as guarantors. The obligations under the 2013 Notes are not guaranteed by any of our subsidiaries. In accordance with positions established by the Securities and Exchange Commission, the following shows separate financial information with respect to the parent, the guarantor subsidiaries and the non-guarantor subsidiaries. The principal elimination entries eliminate investment in subsidiaries and certain intercompany balances and transactions.

Balance Sheet as of September 30, 2013:

In thousands	Parent			Guarantors			Non-Guarantors		Elimination			Consolidated
Cash and cash equivalents	$	45,257		$	6,538		$	229,212	$	—		$	281,007
Accounts receivable		300			357,233			212,743		—			570,276
Inventories		—			258,651			141,644		—			400,295
Other current assets		69,851			8,387			14,618		—			92,856
Total current assets		115,408			630,809			598,217		—			1,344,434
Property, plant and equipment		5,462			144,612			116,876		—			266,950
Goodwill		7,980			457,591			325,185		—			790,756
Investment in subsidiaries		3,711,564			391,820			—		(4,103,384	)		—
Other intangibles		—			206,964			169,173		—			376,137
Other long term assets		(7,282	)		(1,396	)		47,381		—			38,703
Total Assets	$	3,833,132		$	1,830,400		$	1,256,832	$	(4,103,384	)	$	2,816,980
Current liabilities	$	15,780		$	348,286		$	177,692	$	—		$	541,758
Inter-company		1,692,557			(1,784,172	)		91,615		—			—
Long-term debt		539,000			238			368		—			539,606
Other long term liabilities		68,746			50,279			99,542		—			218,567
Total liabilities		2,316,083			(1,385,369	)		369,217		—			1,299,931
Stockholders’ equity		1,517,049			3,215,769			887,615		(4,103,384	)		1,517,049
Total Liabilities and Stockholders’ Equity	$	3,833,132		$	1,830,400		$	1,256,832	$	(4,103,384	)	$	2,816,980

Balance Sheet as of December 31, 2012:

In thousands	Parent			Guarantors
Cash and cash equivalents	$	22,335		$	5,473		$	187,958	$	—		$	215,766
Accounts receivable		1,210			213,895			174,810		—			389,915
Inventories		—			278,610			128,429		—			407,039
Other current assets		63,496			5,400			11,322		—			80,218
Total current assets		87,041			503,378			502,519		—			1,092,938
Property, plant and equipment, net		4,685			127,165			112,238		—			244,088
Goodwill		7,980			402,510			255,532		—			666,022
Investment in subsidiaries		3,146,931			279,731			—		(3,426,662	)		—
Other intangibles, net		—			169,374			138,947		—			308,321
Other long term assets		(10,491	)		4,309			46,355		—			40,173
Total Assets	$	3,236,146		$	1,486,467		$	1,055,591	$	(3,426,662	)	$	2,351,542
Current liabilities	$	64,404		$	321,675		$	166,980	$	—		$	553,059
Intercompany		1,506,541			(1,598,419	)		91,878		—			—
Long-term debt		317,000			168			685		—			317,853
Other long term liabilities		66,184			37,845			94,584		—			198,613
Total liabilities		1,954,129			(1,238,731	)		354,127		—			1,069,525
Stockholders’ equity		1,282,017			2,725,198			701,464		(3,426,662	)		1,282,017
Total Liabilities and Stockholders’ Equity	$	3,236,146		$	1,486,467		$	1,055,591	$	(3,426,662	)	$	2,351,542

Income Statement for the Three Months Ended September 30, 2013:

In thousands	Parent			Guarantors
Net sales	$	—		$	419,641		$	258,182		$	(46,425	)	$	631,398
Cost of sales		991			(265,497	)		(201,575	)		22,816			(443,265	)
Gross profit		991			154,144			56,607			(23,609	)		188,133
Operating expenses		(14,801	)		(37,427	)		(26,034	)		—			(78,262	)
Operating (loss) profit		(13,810	)		116,717			30,573			(23,609	)		109,871
Interest (expense) income, net		(5,564	)		1,430			305			—			(3,829	)
Other income (expense), net		6,866			(338	)		(8,186	)		—			(1,658	)
Equity earnings		105,054			29,333			—			(134,387	)		—
Income (loss) from operations before income tax		92,546			147,142			22,692			(157,996	)		104,384
Income tax expense		(18,603	)		(3,242	)		(8,596	)		—			(30,441	)
Net income (loss) attributable to Wabtec shareholders	$	73,943		$	143,900		$	14,096		$	(157,996	)	$	73,943
Comprehensive income (loss) attributable to Wabtec shareholders	$	107,977		$	143,900		$	48,386		$	(192,286	)	$	107,977

(1) Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Income Statement for the Three Months Ended September 30, 2012:

In thousands	Parent
Net sales	$	—		$	405,624		$	219,621		$	(37,652	)	$	587,593
Cost of sales		(428	)		(264,211	)		(169,652	)		17,977			(416,314	)
Gross (loss) profit		(428	)		141,413			49,969			(19,675	)		171,279
Operating expenses		(14,584	)		(37,786	)		(22,067	)		—			(74,437	)
Operating (loss) profit		(15,012	)		103,627			27,902			(19,675	)		96,842
Interest (expense) income, net		(5,459	)		3,305			(916	)		—			(3,070	)
Other income (expense), net		100			(860	)		(633	)		—			(1,393	)
Equity earnings		102,624			24,971			—			(127,595	)		—
Income (loss) from operations before income tax		82,253			131,043			26,353			(147,270	)		92,379
Income tax expense		(19,259	)		(3,428	)		(6,698	)		—			(29,385	)
Net income (loss) attributable to Wabtec shareholders	$	62,994		$	127,615		$	19,655		$	(147,270	)	$	62,994
Comprehensive income (loss) attributable to Wabtec shareholders	$	74,212		$	127,615		$	31,571		$	(159, 186	)	$	74,212

(1) Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Income Statement for the Nine Months Ended September 30, 2013:

In thousands	Parent			Guarantors
Net sales	$	—		$	1,273,676		$	755,652		$	(144,418	)	$	1,884,910
Cost of sales		2,092			(798,353	)		(592,119	)		67,372			(1,321,008	)
Gross profit		2,092			475,323			163,533			(77,046	)		563,902
Operating expenses		(42,510	)		(115,300	)		(80,000	)		—			(237,810	)
Operating (loss) profit		(40,418	)		360,023			83,533			(77,046	)		326,092
Interest (expense) income, net		(15,408	)		4,261			433			—			(10,714	)
Other income (expense), net		20,533			(3,624	)		(18,742	)		—			(1,833	)
Equity earnings		318,899			73,927			—			(392,826	)		—
Income (loss) from operations before income tax		283,606			434,587			65,224			(469,872	)		313,545
Income tax expense		(65,412	)		(10,023	)		(19,916	)		—			(95,351	)
Net income (loss) attributable to Wabtec shareholders	$	218,194		$	424,564		$	45,308		$	(469,872	)	$	218,194
Comprehensive income (loss) attributable to Wabtec shareholders	$	219,679		$	424,564		$	42,417		$	(466,981	)	$	219,679

(1) Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Income Statement for the Nine Months Ended September 30, 2012:

In thousands	Parent			Guarantors
Net sales	$	—		$	1,251,666		$	653,230		$	(124,174	)	$	1,780,722
Cost of sales		(776	)		(810,101	)		(507,413	)		51,655			(1,266,635	)
Gross profit		(776	)		441,565			145,817			(72,519	)		514,087
Operating expenses		(47,356	)		(115,649	)		(59,265	)		—			(222,270	)
Operating (loss) profit		(48,132	)		325,916			86,552			(72,519	)		291,817
Interest (expense) income, net		(16,291	)		5,489			499			—			(10,303	)
Other income (expense), net		8,221			(6,954	)		(2,551	)		—			(1,284	)
Equity earnings		304,263			61,931			—			(366,194	)		—
Income (loss) from operations before income tax		248,061			386,382			84,500			(438,713	)		280,230
Income tax expense		(61,094	)		(10,239	)		(21,930	)		—			(93,263	)
Net income (loss) attributable to Wabtec shareholders	$	186,967		$	376,143		$	62,570		$	(438,713	)	$	186,967
Comprehensive income (loss) attributable to Wabtec shareholders	$	192,784		$	376,143		$	68,868		$	(445,011	)	$	192,784

(1) Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Condensed Statement of Cash Flows for the Nine Months Ended September 30, 2013:

In thousands	Parent			Guarantors
Net cash (used for) provided by operating activities	$	(192,400	)	$	544,359		$	202,909		$	(469,872	)	$	84,996
Net cash used for investing activities		(4,011	)		(118,808	)		(116,666	)		—			(239,485	)
Net cash provided by (used for) financing activities		219,333			(424,486	)		(45,645	)		469,872			219,074
Effect of changes in currency exchange rates		—			—			656			—			656
Increase in cash		22,922			1,065			41,254			—			65,241
Cash, beginning of year		22,335			5,473			187,958			—			215,766
Cash, end of period	$	45,257		$	6,538		$	229,212		$	—		$	281,007

Condensed Statement of Cash Flows for the Nine Months Ended September 30, 2012:

In thousands	Parent
Net cash (used for) provided by operating activities	$	(4,856	)	$	390,163		$	166,931		$	(438,713	)	$	113,525
Net cash used for investing activities		(3,841	)		(22,366	)		(99,860	)		—			(126,067	)
Net cash provided by (used for) financing activities		9,286			(376,199	)		(62,506	)		438,713			9,294
Effect of changes in currency exchange rates		—			—			(312	)		—			(312	)
Increase (decrease) in cash		589			(8,402	)		4,253			—			(3,560	)
Cash, beginning of year		75,621			14,024			195,970			—			285,615
Cash, end of period	$	76,210		$	5,622		$	200,223		$	—		$	282,055

Other Income (Expense), Net

9 Months Ended

Sep. 30, 2013

Other Income (Expense), Net

16. OTHER INCOME (EXPENSE), NET

The components of other income (expense) are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
In thousands	2013			2012			2013			2012
Foreign currency loss	$	(1,002	)	$	(1,468	)	$	(2,933	)	$	(427	)
Other miscellaneous income (expense)		(656	)		75			1,100			(857	)
Total other income (expense), net	$	(1,658	)	$	(1,393	)	$	(1,833	)	$	(1,284	)

Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2013

Basis of Presentation

The Company operates on a four-four-five week accounting quarter, and the quarters’ end on or about March 31, June 30, September 30 and December 31.

Capital Structure

Reclassifications

Reclassifications Certain prior year amounts have been reclassified where necessary to conform to the current year presentation.

Revenue Recognition

Use of Estimates

Financial Derivatives and Hedging Activities

Foreign Currency Translation

Non-controlling Interests

Other Comprehensive Income

Other Comprehensive Income Comprehensive income is defined as net income and all other non-owner changes in shareholders’ equity.

The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended September 30, 2013 are as follows:

In thousands	Foreign currency translation			Interest rate swap contracts			Pension and post retirement benefit plans			Total
Balance at December 31, 2012	$	11,981		$	(2,459	)	$	(63,086	)	$	(53,564	)
Other comprehensive income before reclassifications		(2,799	)		335			1,188			(1,276	)
Amounts reclassified from accumulated other comprehensive income		—			13			2,748			2,761
Net current period other comprehensive income		(2,799	)		348			3,936			1,485
Balance at September 30, 2013	$	9,182		$	(2,111	)	$	(59,150	)	$	(52,079	)

Reclassifications out of accumulated other comprehensive loss for the three months ended September 30, 2013 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Operations
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(672	)	Cost of sales
Amortization of net loss		1,832		Cost of sales
		1,160		Income from Operations
		(371	)	Income tax expense
	$	789		Net income

Reclassifications out of accumulated other comprehensive loss for the nine months ended September 30, 2013 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Operations
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(1,896	)	Cost of sales
Amortization of net loss		5,878		Cost of sales
		3,982		Income from Operations
		(1,234	)	Income tax expense
	$	2,748		Net income

- Definition

Disclosure of accounting policy for its derivative instruments and hedging activities.

+ References + Details

- Definition

Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.

+ References + Details

Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended September 30, 2013 are as follows:

In thousands	Foreign currency translation			Interest rate swap contracts			Pension and post retirement benefit plans			Total
Balance at December 31, 2012	$	11,981		$	(2,459	)	$	(63,086	)	$	(53,564	)
Other comprehensive income before reclassifications		(2,799	)		335			1,188			(1,276	)
Amounts reclassified from accumulated other comprehensive income		—			13			2,748			2,761
Net current period other comprehensive income		(2,799	)		348			3,936			1,485
Balance at September 30, 2013	$	9,182		$	(2,111	)	$	(59,150	)	$	(52,079	)

Reclassifications Out of Accumulated Other Comprehensive Loss

Reclassifications out of accumulated other comprehensive loss for the three months ended September 30, 2013 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Operations
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(672	)	Cost of sales
Amortization of net loss		1,832		Cost of sales
		1,160		Income from Operations
		(371	)	Income tax expense
	$	789		Net income

Reclassifications out of accumulated other comprehensive loss for the nine months ended September 30, 2013 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Operations
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(1,896	)	Cost of sales
Amortization of net loss		5,878		Cost of sales
		3,982		Income from Operations
		(1,234	)	Income tax expense
	$	2,748		Net income

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Summary of Preliminary Estimated Fair Values of Assets Acquired and Liabilities Assumed

	Longwood				Turbonetics				Transdyne			Napier				LH			Winco			Tec Tran				Mors Smitt
In thousands	September 24, 2013				July 30, 2013				February 26, 2013			January 31, 2013				October 1, 2012			July 31, 2012			July 13, 2012				June 14, 2012
Current assets	$	19,632		$		5,550		$		1,062			$	15,934		$	19,126		$	1,584			$	1,955			$	23,649
Property, plant & equipment		14,838				996				83				9,184			5,874			47				116				10,389
Goodwill and other intangible assets		73,013				18,088				1,485				106,373			38,712			6,471				6,717				79,730
Other assets		187				—				—				—			—			1,825				—				944
Total assets acquired		107,670				24,634				2,630				131,491			63,712			9,927				8,788				114,712
Total liabilities assumed		(23,807	)			(1,510	)			(228	)			(19,150	)		(15,592	)		(6,271	)			(470	)			(24,724	)
Net assets acquired	$	83,863		$		23,124		$		2,402			$	112,341		$	48,120		$	3,656			$	8,318			$	89,988

Pro Forma Financial Information

The following unaudited pro forma financial information presents income statement results as if the acquisitions listed above had occurred on January 1, 2012:

In thousands	Three Months Ended September 30, 2013		Three Months Ended September 30, 2012		Nine Months Ended September 30, 2013		Nine Months Ended September 30, 2012
Net sales	$	647,832	$	640,557	$	1,947,935	$	1,980,752
Gross profit		190,556		185,138		577,014		570,790
Net income attributable to Wabtec shareholders		74,496		68,077		222,999		206,059
Diluted earnings per share
As Reported	$	0.76	$	0.65	$	2.25	$	1.93
Pro forma	$	0.76	$	0.70	$	2.30	$	2.12

Inventories (Tables)

9 Months Ended

Sep. 30, 2013

Components of Inventory, Net of Reserves

The components of inventory, net of reserves, were:

In thousands	September 30, 2013		December 31, 2012
Raw materials	$	167,792	$	186,341
Work-in-process		135,530		129,605
Finished goods		96,973		91,093
Total inventories	$	400,295	$	407,039

Intangibles (Tables)

9 Months Ended

Sep. 30, 2013

Change in Carrying Amount of Goodwill by Segment

The change in the carrying amount of goodwill by segment for the nine months ended September 30, 2013 is as follows:

In thousands	Freight Segment			Transit Segment
Balance at December 31, 2012	$	397,184		$	268,838	$	666,022
Acquisitions		123,431			—		123,431
Adjustments to preliminary purchase allocation		(891	)		1,269		378
Foreign currency impact		(2,262	)		3,187		925
Balance at September 30, 2013	$	517,462		$	273,294	$	790,756

Intangible Assets Other Than Goodwill and Trademarks

Intangible assets of the Company, other than goodwill and trademarks, consist of the following:

In thousands	September 30, 2013		December 31, 2012
Patents and other, net of accumulated amortization of $36,947 and $35,556	$	13,995	$	11,835
Customer relationships, net of accumulated amortization of $40,911 and $31,572		218,169		165,160
Total	$	232,164	$	176,995

Amortization Expense

Amortization expense for the five succeeding years is as follows (in thousands):

Remainder of 2013	$	4,657
2014		17,416
2015		16,211
2016		16,059
2017		14,534

Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2013

Long-term Debt

Long-term debt consisted of the following:

In thousands	September 30, 2013
4.375% Senior Notes, due 2023	$	250,000	$	—
6.875% Senior Notes, due 2013		—		150,000
Revolving Credit Facility		289,000		167,000
Capital Leases		691		896
Total		539,691		317,896
Less—current portion		85		43
Long-term portion	$	539,606	$	317,853

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2013

Defined Benefit Pension Plans

The following tables provide information regarding the Company’s defined benefit pension plans summarized by U.S. and international components.

	U.S.								International
	Three months ended September 30,								Three months ended September 30,
In thousands, except percentages	2013				2012				2013					2012
Net periodic benefit cost
Service cost	$	111			$	94			$	505			$		493
Interest cost		490				501				1,651					1,773
Expected return on plan assets		(752	)			(771	)			(2,087	)				(2,035	)
Net amortization/deferrals		753				659				849					681
Settlement loss recognized		—				—				166					844
Net periodic benefit cost	$	602			$	483			$	1,084			$		1,756
Assumptions
Discount rate		3.90		%		4.30		%		4.30		%			4.96		%
Expected long-term rate of return		7.50		%		7.50		%		6.09		%			6.12		%
Rate of compensation increase		3.00		%		3.00		%		3.10		%			3.21		%

	U.S.								International
	Nine months ended September 30,								Nine months ended September 30,
In thousands, except percentages	2013				2012				2013					2012
Net periodic benefit cost
Service cost	$	323			$	285			$	1,524			$		1,479
Interest cost		1,472				1,585				4,984					5,309
Expected return on plan assets		(2,232	)			(2,321	)			(6,304	)				(6,085	)
Net amortization/deferrals		2,431				2,272				2,570					2,032
Settlement loss recognized		—				—				166					1,137
Net periodic benefit cost	$	1,994			$	1,821			$	2,940			$		3,872
Assumptions
Discount rate		3.90		%		4.30		%		4.30		%			4.96		%
Expected long-term rate of return		7.50		%		7.50		%		6.09		%			6.12		%
Rate of compensation increase		3.00		%		3.00		%		3.10		%			3.21		%

Post Retirement Benefit Plans

The following tables provide information regarding the Company’s post retirement benefit plans summarized by U.S. and international components.

	U.S.								International
	Three months ended September 30,								Three months ended September 30,
In thousands, except percentages	2013				2012				2013				2012
Net periodic benefit cost
Service cost	$	22			$	(1	)		$	12			$	11
Interest cost		192				339				42				51
Net amortization/deferrals		(367	)			(212	)			(75	)			(83	)
Net periodic benefit (credit) cost	$	(153	)		$	126			$	(21	)		$	(21	)
Assumptions
Discount rate		3.90		%		4.30		%		4.30		%		5.15		%

	U.S.								International
	Nine months ended September 30,								Nine months ended September 30,
In thousands, except percentages	2013				2012				2013					2012
Net periodic benefit cost
Service cost	$	36			$	18			$	36			$		33
Interest cost		834				1,040				129					151
Net amortization/deferrals		(791	)			(613	)			(228	)				(247	)
Net periodic benefit (credit) cost	$	79			$	445			$	(63	)		$		(63	)
Assumptions
Discount rate		3.90		%		4.30		%		4.30		%			5.15		%

Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2013

Stock Option Activity

The following table summarizes the Company’s stock option activity and related information for the 2011 Plan, the 2000 Plan and the Directors Plan for the nine months ended September 30, 2013:

			Weighted Average Exercise Price			Aggregate intrinsic value (in thousands)
Outstanding at December 31, 2012	1,465,678		$	20.24	6.3	$	34,487
Granted	116,392			48.29			1,661
Exercised	(325,552	)		14.55			(15,630	)
Canceled	(1,138	)		46.91			(18	)
Outstanding at September 30, 2013	1,255,380		$	24.32	6.3	$	48,009
Exercisable at September 30, 2013	819,483		$	18.83	5.5	$	35,834

Schedule of Share-Based Fair Value of Each Option Grant Weighted-Average Assumptions

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:

	Nine months ended September 30,
	2013			2012
Dividend yield		.21	%		.23	%
Risk-free interest rate		1.38	%		1.35	%
Stock price volatility		43.8	%		44.95	%
Expected life (years)		5.0			5.0

Restricted Stock Activity and Incentive Stock Awards Activity

					Weighted Average Grant Date Fair Value
Outstanding at December 31, 2012	546,773		1,329,078		$	26.69
Granted	172,887		200,090			48.56
Vested	(204,494	)	(570,918	)		20.86
Adjustment for incentive stock awards expected to vest	—		110,608			34.97
Canceled	(1,288	)	(6,350	)		20.50
Outstanding at September 30, 2013	513,878		1,062,508		$	35.34

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share for net income attributable to Wabtec shareholders is as follows:

	Three Months Ended September 30,
In thousands, except per share	2013					2012
Numerator
Numerator for basic and diluted earnings per common share—net income attributable to Wabtec shareholders	$	73,943			$		62,994
Less: dividends declared—common shares and non-vested restricted stock		(4,003	)				(2,376	)
Undistributed earnings		69,940					60,618
Percentage allocated to common shareholders(1)		99.6		%			99.5		%
		69,660					60,315
Add: dividends declared—common shares		3,986					2,370
Numerator for basic and diluted earnings per common share	$	73,646			$		62,685
Denominator
Denominator for basic earnings per common share—weighted-average shares		95,848					95,286
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans		1,326					1,256
Denominator for diluted earnings per common share—adjusted weighted-average shares and assumed conversion		97,174					96,542
Net income per common share attributable to Wabtec shareholders
Basic	$	0.77			$		0.66
Diluted	$	0.76			$		0.65

(1) Basic weighted-average common shares outstanding
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	95,848		95,286
Percentage allocated to common shareholders	96,273		95,772
	99.6	%	99.5	%

	Nine Months Ended September 30,
In thousands, except per share	2013					2012
Numerator
Numerator for basic and diluted earnings per common share—net income attributable to Wabtec shareholders	$	218,194			$		186,967
Less: dividends declared—common shares and non-vested restricted stock		(8,799	)				(5,256	)
Undistributed earnings		209,395					181,711
Percentage allocated to common shareholders(1)		99.5		%			99.5		%
		208,348					180,802
Add: dividends declared—common shares		8,757					5,243
Numerator for basic and diluted earnings per common share	$	217,105			$		186,045
Denominator
Denominator for basic earnings per common share—weighted-average shares		95,383					95,464
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans		1,371					1,256
Denominator for diluted earnings per common share—adjusted weighted-average shares and assumed conversion		96,754					96,720
Net income per common share attributable to Wabtec shareholders
Basic	$	2.28			$		1.95
Diluted	$	2.25			$		1.93

(1) Basic weighted-average common shares outstanding	95,383		95,464
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	95,850		95,977
Percentage allocated to common shareholders	99.5	%	99.5	%

Warranties (Tables)

9 Months Ended

Sep. 30, 2013

Changes in Product Warranty Reserve

The following table reconciles the changes in the Company’s product warranty reserve as follows:

	Nine Months Ended September 30,
In thousands	2013			2012
Balance at December 31, 2012 and 2011, respectively	$	58,212		$	50,640
Warranty expense		18,677			18,298
Acquisitions		2,244			494
Warranty claim payments		(16,740	)		(11,971	)
Foreign currency impact/other		(109	)		36
Balance at September 30, 2013 and 2012, respectively	$	62,284		$	57,497

Fair Value Measurement and Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Liabilities Carried at Fair Value Measured on Recurring Basis

	Total Carrying Value at September 30, 2013		Fair Value Measurements at September 30, 2013 Using
In thousands	Total Carrying Value at September 30, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Interest rate swap agreement		3,343		—		3,343		—
Total	$	3,343	$	—	$	3,343	$	—

	Total Carrying Value at December 31, 2012		Fair Value Measurements at December 31, 2012 Using
In thousands	Total Carrying Value at December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Interest rate swap agreement		4,070		—		4,070		—
Total	$	4,070	$	—	$	4,070	$	—

Estimated Fair Values and Related Carrying Values of Financial Instruments

The estimated fair values and related carrying values of the Company’s financial instruments are as follows:

	September 30, 2013
In thousands	Carry Value		Fair Value			Carry Value			Fair Value
Interest rate swap agreement	$	3,343	$	3,343	$		4,070	$		4,070
4.375% Senior Notes		250,000		249,698			—			—
6.875% Senior Notes		—		—			150,000			154,125

Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment Financial Information

Segment financial information for the three months ended September 30, 2013 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	340,533	$	290,865	$	—		$	631,398
Intersegment sales/(elimination)		5,410		2,642		(8,052	)		—
Total sales	$	345,943	$	293,507	$	(8,052	)	$	631,398
Income (loss) from operations	$	77,299	$	36,335	$	(3,763	)	$	109,871
Interest expense and other, net		—		—		(5,487	)		(5,487	)
Income (loss) from operations before income taxes	$	77,299	$	36,335	$	(9,250	)	$	104,384

Segment financial information for the three months ended September 30, 2012 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	354,659	$	232,934	$	—		$	587,593
Intersegment sales/(elimination)		5,662		3,231		(8,893	)		—
Total sales	$	360,321	$	236,165	$	(8,893	)	$	587,593
Income (loss) from operations	$	75,702	$	24,385	$	(3,245	)	$	96,842
Interest expense and other, net		—		—		(4,463	)		(4,463	)
Income (loss) from operations before income taxes	$	75,702	$	24,385	$	(7,708	)	$	92,379

Segment financial information for the nine months ended September 30, 2013 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	1,009,069	$	875,841	$	—		$	1,884,910
Intersegment sales/(elimination)		20,384		5,407		(25,791	)		—
Total sales	$	1,029,453	$	881,248	$	(25,791	)	$	1,884,910
Income (loss) from operations	$	225,734	$	110,809	$	(10,451	)	$	326,092
Interest expense and other, net		—		—		(12,547	)		(12,547	)
Income (loss) from operations before income taxes	$	225,734	$	110,809	$	(22,998	)	$	313,545

Segment financial information for the nine months ended September 30, 2012 is as follows:

In thousands	Freight Segment		Transit Segment		Corporate Activities and Elimination			Total
Sales to external customers	$	1,159,653	$	621,069	$	—		$	1,780,722
Intersegment sales/(elimination)		17,214		8,659		(25,873	)		—
Total sales	$	1,176,867	$	629,728	$	(25,873	)	$	1,780,722
Income (loss) from operations	$	234,734	$	68,934	$	(11,851	)	$	291,817
Interest expense and other, net		—		—		(11,587	)		(11,587	)
Income (loss) from operations before income taxes	$	234,734	$	68,934	$	(23,438	)	$	280,230

Sales by Product

Sales by product are as follows:

	Three Months Ended September 30,
In thousands	2013		2012
Specialty Products & Electronics	$	276,482	$	264,094
Brake Products		137,189		129,597
Remanufacturing, Overhaul & Build		148,970		127,027
Other Transit Products		50,270		49,141
Other		18,487		17,734
Total sales	$	631,398	$	587,593

Sales by product are as follows:

	Nine Months Ended September 30,
In thousands	2013		2012
Specialty Products & Electronics	$	799,850	$	841,382
Brake Products		417,921		386,640
Remanufacturing, Overhaul & Build		453,763		348,252
Other Transit Products		153,698		149,941
Other		59,678		54,507
Total sales	$	1,884,910	$	1,780,722

Guarantor Subsidiaries Financial Information (Tables)

9 Months Ended

Sep. 30, 2013

Guarantor Subsidiaries Balance Sheet

Balance Sheet as of September 30, 2013:

In thousands	Parent			Guarantors			Non-Guarantors		Elimination			Consolidated
Cash and cash equivalents	$	45,257		$	6,538		$	229,212	$	—		$	281,007
Accounts receivable		300			357,233			212,743		—			570,276
Inventories		—			258,651			141,644		—			400,295
Other current assets		69,851			8,387			14,618		—			92,856
Total current assets		115,408			630,809			598,217		—			1,344,434
Property, plant and equipment		5,462			144,612			116,876		—			266,950
Goodwill		7,980			457,591			325,185		—			790,756
Investment in subsidiaries		3,711,564			391,820			—		(4,103,384	)		—
Other intangibles		—			206,964			169,173		—			376,137
Other long term assets		(7,282	)		(1,396	)		47,381		—			38,703
Total Assets	$	3,833,132		$	1,830,400		$	1,256,832	$	(4,103,384	)	$	2,816,980
Current liabilities	$	15,780		$	348,286		$	177,692	$	—		$	541,758
Inter-company		1,692,557			(1,784,172	)		91,615		—			—
Long-term debt		539,000			238			368		—			539,606
Other long term liabilities		68,746			50,279			99,542		—			218,567
Total liabilities		2,316,083			(1,385,369	)		369,217		—			1,299,931
Stockholders’ equity		1,517,049			3,215,769			887,615		(4,103,384	)		1,517,049
Total Liabilities and Stockholders’ Equity	$	3,833,132		$	1,830,400		$	1,256,832	$	(4,103,384	)	$	2,816,980

Balance Sheet as of December 31, 2012:

In thousands	Parent			Guarantors
Cash and cash equivalents	$	22,335		$	5,473		$	187,958	$	—		$	215,766
Accounts receivable		1,210			213,895			174,810		—			389,915
Inventories		—			278,610			128,429		—			407,039
Other current assets		63,496			5,400			11,322		—			80,218
Total current assets		87,041			503,378			502,519		—			1,092,938
Property, plant and equipment, net		4,685			127,165			112,238		—			244,088
Goodwill		7,980			402,510			255,532		—			666,022
Investment in subsidiaries		3,146,931			279,731			—		(3,426,662	)		—
Other intangibles, net		—			169,374			138,947		—			308,321
Other long term assets		(10,491	)		4,309			46,355		—			40,173
Total Assets	$	3,236,146		$	1,486,467		$	1,055,591	$	(3,426,662	)	$	2,351,542
Current liabilities	$	64,404		$	321,675		$	166,980	$	—		$	553,059
Intercompany		1,506,541			(1,598,419	)		91,878		—			—
Long-term debt		317,000			168			685		—			317,853
Other long term liabilities		66,184			37,845			94,584		—			198,613
Total liabilities		1,954,129			(1,238,731	)		354,127		—			1,069,525
Stockholders’ equity		1,282,017			2,725,198			701,464		(3,426,662	)		1,282,017
Total Liabilities and Stockholders’ Equity	$	3,236,146		$	1,486,467		$	1,055,591	$	(3,426,662	)	$	2,351,542

Guarantor Subsidiaries Income Statement

Income Statement for the Three Months Ended September 30, 2013:

In thousands	Parent			Guarantors
Net sales	$	—		$	419,641		$	258,182		$	(46,425	)	$	631,398
Cost of sales		991			(265,497	)		(201,575	)		22,816			(443,265	)
Gross profit		991			154,144			56,607			(23,609	)		188,133
Operating expenses		(14,801	)		(37,427	)		(26,034	)		—			(78,262	)
Operating (loss) profit		(13,810	)		116,717			30,573			(23,609	)		109,871
Interest (expense) income, net		(5,564	)		1,430			305			—			(3,829	)
Other income (expense), net		6,866			(338	)		(8,186	)		—			(1,658	)
Equity earnings		105,054			29,333			—			(134,387	)		—
Income (loss) from operations before income tax		92,546			147,142			22,692			(157,996	)		104,384
Income tax expense		(18,603	)		(3,242	)		(8,596	)		—			(30,441	)
Net income (loss) attributable to Wabtec shareholders	$	73,943		$	143,900		$	14,096		$	(157,996	)	$	73,943
Comprehensive income (loss) attributable to Wabtec shareholders	$	107,977		$	143,900		$	48,386		$	(192,286	)	$	107,977

(1) Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Income Statement for the Three Months Ended September 30, 2012:

In thousands	Parent
Net sales	$	—		$	405,624		$	219,621		$	(37,652	)	$	587,593
Cost of sales		(428	)		(264,211	)		(169,652	)		17,977			(416,314	)
Gross (loss) profit		(428	)		141,413			49,969			(19,675	)		171,279
Operating expenses		(14,584	)		(37,786	)		(22,067	)		—			(74,437	)
Operating (loss) profit		(15,012	)		103,627			27,902			(19,675	)		96,842
Interest (expense) income, net		(5,459	)		3,305			(916	)		—			(3,070	)
Other income (expense), net		100			(860	)		(633	)		—			(1,393	)
Equity earnings		102,624			24,971			—			(127,595	)		—
Income (loss) from operations before income tax		82,253			131,043			26,353			(147,270	)		92,379
Income tax expense		(19,259	)		(3,428	)		(6,698	)		—			(29,385	)
Net income (loss) attributable to Wabtec shareholders	$	62,994		$	127,615		$	19,655		$	(147,270	)	$	62,994
Comprehensive income (loss) attributable to Wabtec shareholders	$	74,212		$	127,615		$	31,571		$	(159, 186	)	$	74,212

(1) Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Income Statement for the Nine Months Ended September 30, 2013:

In thousands	Parent			Guarantors
Net sales	$	—		$	1,273,676		$	755,652		$	(144,418	)	$	1,884,910
Cost of sales		2,092			(798,353	)		(592,119	)		67,372			(1,321,008	)
Gross profit		2,092			475,323			163,533			(77,046	)		563,902
Operating expenses		(42,510	)		(115,300	)		(80,000	)		—			(237,810	)
Operating (loss) profit		(40,418	)		360,023			83,533			(77,046	)		326,092
Interest (expense) income, net		(15,408	)		4,261			433			—			(10,714	)
Other income (expense), net		20,533			(3,624	)		(18,742	)		—			(1,833	)
Equity earnings		318,899			73,927			—			(392,826	)		—
Income (loss) from operations before income tax		283,606			434,587			65,224			(469,872	)		313,545
Income tax expense		(65,412	)		(10,023	)		(19,916	)		—			(95,351	)
Net income (loss) attributable to Wabtec shareholders	$	218,194		$	424,564		$	45,308		$	(469,872	)	$	218,194
Comprehensive income (loss) attributable to Wabtec shareholders	$	219,679		$	424,564		$	42,417		$	(466,981	)	$	219,679

(1) Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Income Statement for the Nine Months Ended September 30, 2012:

In thousands	Parent			Guarantors
Net sales	$	—		$	1,251,666		$	653,230		$	(124,174	)	$	1,780,722
Cost of sales		(776	)		(810,101	)		(507,413	)		51,655			(1,266,635	)
Gross profit		(776	)		441,565			145,817			(72,519	)		514,087
Operating expenses		(47,356	)		(115,649	)		(59,265	)		—			(222,270	)
Operating (loss) profit		(48,132	)		325,916			86,552			(72,519	)		291,817
Interest (expense) income, net		(16,291	)		5,489			499			—			(10,303	)
Other income (expense), net		8,221			(6,954	)		(2,551	)		—			(1,284	)
Equity earnings		304,263			61,931			—			(366,194	)		—
Income (loss) from operations before income tax		248,061			386,382			84,500			(438,713	)		280,230
Income tax expense		(61,094	)		(10,239	)		(21,930	)		—			(93,263	)
Net income (loss) attributable to Wabtec shareholders	$	186,967		$	376,143		$	62,570		$	(438,713	)	$	186,967
Comprehensive income (loss) attributable to Wabtec shareholders	$	192,784		$	376,143		$	68,868		$	(445,011	)	$	192,784

(1) Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Guarantor Subsidiaries Condensed Statement of Cash Flows

Condensed Statement of Cash Flows for the Nine Months Ended September 30, 2013:

In thousands	Parent			Guarantors
Net cash (used for) provided by operating activities	$	(192,400	)	$	544,359		$	202,909		$	(469,872	)	$	84,996
Net cash used for investing activities		(4,011	)		(118,808	)		(116,666	)		—			(239,485	)
Net cash provided by (used for) financing activities		219,333			(424,486	)		(45,645	)		469,872			219,074
Effect of changes in currency exchange rates		—			—			656			—			656
Increase in cash		22,922			1,065			41,254			—			65,241
Cash, beginning of year		22,335			5,473			187,958			—			215,766
Cash, end of period	$	45,257		$	6,538		$	229,212		$	—		$	281,007

Condensed Statement of Cash Flows for the Nine Months Ended September 30, 2012:

In thousands	Parent
Net cash (used for) provided by operating activities	$	(4,856	)	$	390,163		$	166,931		$	(438,713	)	$	113,525
Net cash used for investing activities		(3,841	)		(22,366	)		(99,860	)		—			(126,067	)
Net cash provided by (used for) financing activities		9,286			(376,199	)		(62,506	)		438,713			9,294
Effect of changes in currency exchange rates		—			—			(312	)		—			(312	)
Increase (decrease) in cash		589			(8,402	)		4,253			—			(3,560	)
Cash, beginning of year		75,621			14,024			195,970			—			285,615
Cash, end of period	$	76,210		$	5,622		$	200,223		$	—		$	282,055

Other Income (Expense), Net (Tables)

9 Months Ended

Sep. 30, 2013

Components of Other Income (Expense)

The components of other income (expense) are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
In thousands	2013			2012			2013			2012
Foreign currency loss	$	(1,002	)	$	(1,468	)	$	(2,933	)	$	(427	)
Other miscellaneous income (expense)		(656	)		75			1,100			(857	)
Total other income (expense), net	$	(1,658	)	$	(1,393	)	$	(1,833	)	$	(1,284	)

Business - Additional Information (Detail)	9 Months Ended
Business - Additional Information (Detail)	Sep. 30, 2013 Country
Product Information [Line Items]
Number of countries company operates	19
Revenues from customers outside the U.S.	49.00%
Minimum
Product Information [Line Items]
Number of countries where product found, minimum	100

Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at December 31, 2012			$ (53,564)
Other comprehensive income before reclassifications			(1,276)
Amounts reclassified from accumulated other comprehensive income			2,761
Net current period other comprehensive income	$ 34,034	$ 11,218	1,485	$ 5,817
Balance at September 30, 2013	(52,079)		(52,079)
Foreign Currency Translation
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at December 31, 2012			11,981
Other comprehensive income before reclassifications			(2,799)
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive income			(2,799)
Balance at September 30, 2013	9,182		9,182
Interest Rate Swap Contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at December 31, 2012			(2,459)
Other comprehensive income before reclassifications			335
Amounts reclassified from accumulated other comprehensive income			13
Net current period other comprehensive income			348
Balance at September 30, 2013	(2,111)		(2,111)
Pension And Post Retirement Benefit Plans
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at December 31, 2012			(63,086)
Other comprehensive income before reclassifications			1,188
Amounts reclassified from accumulated other comprehensive income			2,748
Net current period other comprehensive income			3,936
Balance at September 30, 2013	$ (59,150)		$ (59,150)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Reclassifications Out of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
Accumulated Other Comprehensive Income Loss [Line Items]
Amounts Reclassified From Accumulated Other Comprehensive Income Before Income Taxes	$ 1,160	$ 3,982
Amounts Reclassified From Accumulated Other Comprehensive Income, tax effect	(371)	(1,234)
Amounts Reclassified From Accumulated Other Comprehensive Income Net of Income Taxes		2,761
Cost of Sales
Accumulated Other Comprehensive Income Loss [Line Items]
Amortization of initial net obligation and prior service cost	(672)	(1,896)
Amortization of net loss	1,832	5,878
Pension And Post Retirement Benefit Plans
Accumulated Other Comprehensive Income Loss [Line Items]
Amounts Reclassified From Accumulated Other Comprehensive Income Net of Income Taxes	$ 789	$ 2,748

Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	May 14, 2013 $ / shares shares	Sep. 30, 2013 USD ($) $ / shares shares	Sep. 30, 2012 USD ($)	Sep. 30, 2013 USD ($) $ / shares shares	Sep. 30, 2012 USD ($)	Dec. 31, 2012 USD ($) $ / shares shares
Fair Value Option Quantitative Disclosures [Line Items]
Common stock, shares authorized \| shares	200,000,000.0	200,000,000		200,000,000		200,000,000
Stock split ratio	2
Percentage of stock dividend	100.00%
Shares issued during stock split \| shares	66,200,000
Common stock, par value \| $ / shares	$ 0.01	$ 0.01		$ 0.01		$ 0.01
Unbilled accounts receivables		$ 213.5		$ 213.5		$ 97.1
Customer deposits		70.9		70.9		82.8
Provisions for loss contracts		13.8		13.8		14.2
Deferred pre-production costs		17.8		$ 17.8		$ 20.5
Interest rate on notional value				1.415%
Foreign exchange transaction gains (losses) recognized in other income (expense)		1.0	$ 1.4	$ 2.9	$ 0.4
Forward Starting Interest Rate Swap Agreement
Fair Value Option Quantitative Disclosures [Line Items]
Interest rate swap agreements, notional amount		150.0		$ 150.0
Interest rate swap agreement termination date				Nov. 07, 2016
Current liability		3.3		$ 3.3
Interest rate swap, accumulated other comprehensive loss		$ 2.0		$ 2.0

Pro Forma Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Business Acquisition [Line Items]
Net sales	$ 647,832	$ 640,557	$ 1,947,935	$ 1,980,752
Gross profit	190,556	185,138	577,014	570,790
Net income attributable to Wabtec shareholders	$ 74,496	$ 68,077	$ 222,999	$ 206,059
Net income attributable to Wabtec shareholders	$ 0.76	$ 0.65	$ 2.25	$ 1.93
Pro forma	$ 0.76	$ 0.70	$ 2.30	$ 2.12

Acquisitions - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2013	Sep. 24, 2013	Jul. 30, 2013	Feb. 26, 2013	Jan. 31, 2013	Oct. 01, 2012	Jul. 31, 2012	Jul. 13, 2012	Jun. 14, 2012
Indefinite Lived Intangible Assets By Major Class [Line Items]
Addition to goodwill	$ 185,800,000
Escrow deposits	20,800,000
Goodwill and other intangible assets	330,500,000
Acquired intangible assets	144,700,000
Customer Relationships
Indefinite Lived Intangible Assets By Major Class [Line Items]
Acquired intangible assets	$ 107,400,000
Average useful life, years	20 years
Patents
Indefinite Lived Intangible Assets By Major Class [Line Items]
Acquired intangible assets	$ 4,700,000
Average useful life, years	12 years
Noncompete Agreements
Indefinite Lived Intangible Assets By Major Class [Line Items]
Acquired intangible assets	$ 600,000
Average useful life, years	2 years
Order or Production Backlog
Indefinite Lived Intangible Assets By Major Class [Line Items]
Acquired intangible assets	$ 3,600,000
Favorable Leasehold Interest
Indefinite Lived Intangible Assets By Major Class [Line Items]
Acquired intangible assets	$ 800,000
Average useful life, years	5 years
Trade Names
Indefinite Lived Intangible Assets By Major Class [Line Items]
Acquired intangible assets	$ 27,600,000
Lh Group
Indefinite Lived Intangible Assets By Major Class [Line Items]
Date of acquisition	Oct. 01, 2012
Business acquisition, net purchase price, net of cash						$ 48,100,000
Addition to goodwill						20,100,000
Goodwill and other intangible assets						$ 38,712,000
Tec Tran
Indefinite Lived Intangible Assets By Major Class [Line Items]
Date of acquisition	Jul. 13, 2012
Business acquisition, net purchase price, net of cash								$ 8,300,000
Addition to goodwill								1,700,000
Goodwill tax deduction								1,700,000
Goodwill and other intangible assets								$ 6,717,000
Mors Smitt
Indefinite Lived Intangible Assets By Major Class [Line Items]
Date of acquisition	Jun. 14, 2012
Business acquisition, net purchase price, net of cash									$ 90,000,000
Addition to goodwill									42,900,000
Goodwill and other intangible assets									$ 79,730,000
Longwood Industries Inc
Indefinite Lived Intangible Assets By Major Class [Line Items]
Date of acquisition	Sep. 24, 2013
Business acquisition, net purchase price, net of cash		$ 83,900,000
Addition to goodwill		41,500,000
Goodwill and other intangible assets		$ 73,013,000
Napier
Indefinite Lived Intangible Assets By Major Class [Line Items]
Date of acquisition	Jan. 31, 2013
Business acquisition, net purchase price, net of cash					$ 112,300,000
Addition to goodwill					68,400,000
Goodwill and other intangible assets					$ 106,373,000
Winco
Indefinite Lived Intangible Assets By Major Class [Line Items]
Date of acquisition	Jul. 31, 2012
Business acquisition, net purchase price, net of cash							$ 3,700,000
Addition to goodwill							3,800,000
Goodwill tax deduction							0
Goodwill and other intangible assets							$ 6,471,000
Turbonetics
Indefinite Lived Intangible Assets By Major Class [Line Items]
Date of acquisition	Jul. 30, 2013
Business acquisition, net purchase price, net of cash			$ 23,100,000
Addition to goodwill			6,900,000
Goodwill and other intangible assets			$ 18,088,000
Transdyne
Indefinite Lived Intangible Assets By Major Class [Line Items]
Date of acquisition	Feb. 26, 2013
Business acquisition, net purchase price, net of cash				$ 2,400,000
Addition to goodwill				500,000
Goodwill tax deduction				500,000
Goodwill and other intangible assets				$ 1,485,000

Summary of Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Sep. 24, 2013	Jul. 30, 2013	Feb. 26, 2013	Jan. 31, 2013	Oct. 01, 2012	Jul. 31, 2012	Jul. 13, 2012	Jun. 14, 2012
Indefinite Lived Intangible Assets By Major Class [Line Items]
Goodwill and other intangible assets	$ 330,500
Longwood Industries Inc
Indefinite Lived Intangible Assets By Major Class [Line Items]
Current assets		$ 19,632
Property, plant & equipment		14,838
Goodwill and other intangible assets		73,013
Other assets		187
Total assets acquired		107,670
Total liabilities assumed		(23,807)
Net assets acquired		$ 83,863
Turbonetics
Indefinite Lived Intangible Assets By Major Class [Line Items]
Current assets			$ 5,550
Property, plant & equipment			996
Goodwill and other intangible assets			18,088
Total assets acquired			24,634
Total liabilities assumed			(1,510)
Net assets acquired			$ 23,124
Transdyne
Indefinite Lived Intangible Assets By Major Class [Line Items]
Current assets				$ 1,062
Property, plant & equipment				83
Goodwill and other intangible assets				1,485
Total assets acquired				2,630
Total liabilities assumed				(228)
Net assets acquired				$ 2,402
Napier
Indefinite Lived Intangible Assets By Major Class [Line Items]
Current assets					$ 15,934
Property, plant & equipment					9,184
Goodwill and other intangible assets					106,373
Total assets acquired					131,491
Total liabilities assumed					(19,150)
Net assets acquired					$ 112,341
Lh Group
Indefinite Lived Intangible Assets By Major Class [Line Items]
Current assets						$ 19,126
Property, plant & equipment						5,874
Goodwill and other intangible assets						38,712
Total assets acquired						63,712
Total liabilities assumed						(15,592)
Net assets acquired						$ 48,120
Winco
Indefinite Lived Intangible Assets By Major Class [Line Items]
Current assets							$ 1,584
Property, plant & equipment							47
Goodwill and other intangible assets							6,471
Other assets							1,825
Total assets acquired							9,927
Total liabilities assumed							(6,271)
Net assets acquired							$ 3,656
Tec Tran
Indefinite Lived Intangible Assets By Major Class [Line Items]
Current assets								$ 1,955
Property, plant & equipment								116
Goodwill and other intangible assets								6,717
Total assets acquired								8,788
Total liabilities assumed								(470)
Net assets acquired								$ 8,318
Mors Smitt
Indefinite Lived Intangible Assets By Major Class [Line Items]
Current assets									$ 23,649
Property, plant & equipment									10,389
Goodwill and other intangible assets									79,730
Other assets									944
Total assets acquired									114,712
Total liabilities assumed									(24,724)
Net assets acquired									$ 89,988

Components of Inventory Net of Reserves (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Inventory [Line Items]
Raw materials	$ 167,792	$ 186,341
Work-in-process	135,530	129,605
Finished goods	96,973	91,093
Total inventories	$ 400,295	$ 407,039

Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2013 USD ($)
Goodwill [Line Items]
Balance at December 31, 2012	$ 666,022
Acquisitions	123,431
Adjustments to preliminary purchase allocation	378
Foreign currency impact	925
Balance at September 30, 2013	790,756
Freight Segment
Goodwill [Line Items]
Balance at December 31, 2012	397,184
Acquisitions	123,431
Adjustments to preliminary purchase allocation	(891)
Foreign currency impact	(2,262)
Balance at September 30, 2013	517,462
Transit Segment
Goodwill [Line Items]
Balance at December 31, 2012	268,838
Acquisitions
Adjustments to preliminary purchase allocation	1,269
Foreign currency impact	3,187
Balance at September 30, 2013	$ 273,294

Intangible Assets Other Than Goodwill and Trademarks (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Intangible Assets And Goodwill [Line Items]
Intangible assets, net of accumulated amortization	$ 232,164	$ 176,995
Patents And Other
Intangible Assets And Goodwill [Line Items]
Intangible assets, net of accumulated amortization	13,995	11,835
Customer Relationships
Intangible Assets And Goodwill [Line Items]
Intangible assets, net of accumulated amortization	$ 218,169	$ 165,160

Intangible Assets Other Than Goodwill and Trademarks (Parenthetical) (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Patents And Other
Intangible Assets And Goodwill [Line Items]
Intangible assets, net of accumulated amortization	$ 36,947	$ 35,556
Customer Relationships
Intangible Assets And Goodwill [Line Items]
Intangible assets, net of accumulated amortization	$ 40,911	$ 31,572

Amortization Expense (Detail) $ in Thousands	Sep. 30, 2013 USD ($)
Acquired Finite Lived Intangible Assets [Line Items]
Remainder of 2013	$ 4,657
2014	17,416
2015	16,211
2016	16,059
2017	$ 14,534

Intangibles - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Intangible Assets Disclosure [Line Items]
Trademarks	$ 144.0		$ 144.0		$ 131.3
Intangible assets, amortization expense	$ 3.9	$ 3.9	$ 12.7	$ 10.3
Patents
Intangible Assets Disclosure [Line Items]
Intangible assets, weighted average useful life (years)			9 years
Customer Relationships
Intangible Assets Disclosure [Line Items]
Intangible assets, weighted average useful life (years)			17 years
Intellectual property
Intangible Assets Disclosure [Line Items]
Intangible assets, weighted average useful life (years)			16 years

Long Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Long-term Debt	$ 539,691	$ 317,896
Current portion of long-term debt	85	43
Long-term debt	539,606	317,853
4.375% Senior Notes, due 2023
Debt Instrument [Line Items]
Long-term Debt	250,000
6.875% Senior Notes, Due 2013
Debt Instrument [Line Items]
Long-term Debt		150,000
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt	289,000	167,000
Capital Leases
Debt Instrument [Line Items]
Long-term Debt	$ 691	$ 896

Long Term Debt (Parenthetical) (Detail)	Sep. 30, 2013
4.375% Senior Notes, due 2023
Debt Instrument [Line Items]
Maturity date of debt instrument	2023
Debt Instrument, Interest Rate, Stated Percentage	4.375%
6.875% Senior Notes, Due 2013
Debt Instrument [Line Items]
Maturity date of debt instrument	2013
Debt Instrument, Interest Rate, Stated Percentage	6.875%

Long Term Debt - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2013 USD ($)
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable interest rate	1.19%
Interest rate on notional value	1.415%
Minimum interest expense coverage ratio	3.0
Maximum debt to cash flow ratio	3.25
Forward Starting Interest Rate Swap Agreement
Debt Instrument [Line Items]
Interest rate swap agreements, notional amount	$ 150.0
2011 Refinancing Credit Agreement
Debt Instrument [Line Items]
Deferred financing cost	$ 1.9
Debt instrument, effective issuance date	Nov. 07, 2011
Maturity date of debt instrument	Nov. 07, 2016
Debt instrument, interest rate, effective percentage	0.50%
Debt instrument basis points spread on variable rate	100
Revolving Credit Facility \| 2011 Refinancing Credit Agreement
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 600.0
Credit facility loan term, years	5 years
Line of credit facility, amount currently available	$ 250.9
Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity	$ 60.1
Base Rate \| 2011 Refinancing Credit Agreement
Debt Instrument [Line Items]
Debt instrument basis points spread on variable rate	0
Base Rate \| 2011 Refinancing Credit Agreement \| Minimum
Debt Instrument [Line Items]
Debt instrument basis points spread on variable rate	0
Base Rate \| 2011 Refinancing Credit Agreement \| Maximum
Debt Instrument [Line Items]
Debt instrument basis points spread on variable rate	75
Alternative Rate \| 2011 Refinancing Credit Agreement
Debt Instrument [Line Items]
Debt instrument basis points spread on variable rate	100
Alternative Rate \| 2011 Refinancing Credit Agreement \| Minimum
Debt Instrument [Line Items]
Debt instrument basis points spread on variable rate	75
Alternative Rate \| 2011 Refinancing Credit Agreement \| Maximum
Debt Instrument [Line Items]
Debt instrument basis points spread on variable rate	175
Interest Rate Swap
Debt Instrument [Line Items]
Debt instrument, effective issuance date	Jul. 31, 2013
Debt instrument, termination date	Nov. 07, 2016
6.875% Senior Notes, Due 2013
Debt Instrument [Line Items]
Maturity date of debt instrument	2013
Senior Notes issued	$ 150.0
Debt Instrument, Interest Rate, Stated Percentage	6.875%
4.375% Senior Notes, due 2023
Debt Instrument [Line Items]
Deferred financing cost	$ 2.6
Debt instrument, interest rate, effective percentage	99.879%
Maturity date of debt instrument	2023
Senior Notes issued	$ 250.0
Debt Instrument, Interest Rate, Stated Percentage	4.375%

Post Retirement Benefit Plans (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
U.S. Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 111	$ 94	$ 323	$ 285
Interest cost	490	501	1,472	1,585
Expected return on plan assets	(752)	(771)	(2,232)	(2,321)
Net amortization/deferrals	753	659	2,431	2,272
Settlement loss recognized
Net periodic benefit (credit) cost	$ 602	$ 483	$ 1,994	$ 1,821
Discount rate	3.90%	4.30%	3.90%	4.30%
Expected long-term rate of return	7.50%	7.50%	7.50%	7.50%
Rate of compensation increase	3.00%	3.00%	3.00%	3.00%
International Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 505	$ 493	$ 1,524	$ 1,479
Interest cost	1,651	1,773	4,984	5,309
Expected return on plan assets	(2,087)	(2,035)	(6,304)	(6,085)
Net amortization/deferrals	849	681	2,570	2,032
Settlement loss recognized	166	844	166	1,137
Net periodic benefit (credit) cost	$ 1,084	$ 1,756	$ 2,940	$ 3,872
Discount rate	4.30%	4.96%	4.30%	4.96%
Expected long-term rate of return	6.09%	6.12%	6.09%	6.12%
Rate of compensation increase	3.10%	3.21%	3.10%	3.21%
U.S. Post Retirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 22	$ (1)	$ 36	$ 18
Interest cost	192	339	834	1,040
Net amortization/deferrals	(367)	(212)	(791)	(613)
Net periodic benefit (credit) cost	$ (153)	$ 126	$ 79	$ 445
Discount rate	3.90%	4.30%	3.90%	4.30%
International Post Retirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 12	$ 11	$ 36	$ 33
Interest cost	42	51	129	151
Net amortization/deferrals	(75)	(83)	(228)	(247)
Net periodic benefit (credit) cost	$ (21)	$ (21)	$ (63)	$ (63)
Discount rate	4.30%	5.15%	4.30%	5.15%

Employee Benefit Plans - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2013 USD ($)
International Defined Benefit Pension Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to plan	$ 4.9
U.S. Defined Benefit Pension Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to plan	$ 0.0

Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Options Outstanding
Outstanding at December 31, 2012	1,465,678
Granted	116,392
Exercised	(325,552)
Canceled	(1,138)
Outstanding at September 30, 2013	1,255,380	1,465,678
Exercisable at September 30, 2013	819,483
Weighted-Average Exercise Price per Share
Outstanding at December 31, 2012	$ 20.24
Granted	48.29
Exercised	14.55
Canceled	46.91
Outstanding at September 30, 2013	24.32	$ 20.24
Exercisable at September 30, 2013	$ 18.83
Aggregate Intrinsic Value
Outstanding at December 31, 2012	$ 34,487
Granted	1,661
Exercised	(15,630)
Canceled	(18)
Outstanding at September 30, 2013	48,009	$ 34,487
Exercisable at September 30, 2013	$ 35,834
Weighted-Average Remaining Contractual Life
Weighted- Average Remaining Contractual Life, outstanding	6 years 3 months 18 days	6 years 3 months 18 days
Exercisable at September 30, 2013	5 years 6 months

Fair Value of Each Option Grant Weighted Average Assumptions (Detail)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Dividend yield	0.21%	0.23%
Risk-free interest rate	1.38%	1.35%
Stock price volatility	43.80%	44.95%
Expected life (years)	5 years	5 years

Restricted Stock Activity and Incentive Stock Awards Activity (Detail)	9 Months Ended
	Sep. 30, 2013 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding at December 31, 2012 \| $ / shares	$ 26.69
Granted \| $ / shares	48.56
Vested \| $ / shares	20.86
Adjustment for incentive stock awards expected to vest \| $ / shares	34.97
Canceled \| $ / shares	20.50
Outstanding at September 30, 2013 \| $ / shares	$ 35.34
Restricted Stock and Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding at December 31, 2012	546,773
Granted	172,887
Vested	(204,494)
Adjustment for incentive stock awards expected to vest
Canceled	(1,288)
Outstanding at September 30, 2013	513,878
Incentive Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding at December 31, 2012	1,329,078
Granted	200,090
Vested	(570,918)
Adjustment for incentive stock awards expected to vest	110,608
Canceled	(6,350)
Outstanding at September 30, 2013	1,062,508

Stock Based Compensation - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2013 USD ($) shares	Sep. 30, 2012 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Plan term, years	10
Shares authorized for grants \| shares	3,800,000
Share Based Compensation Arrangement Plan Expiration	Oct. 31, 2016
Stock-based compensation expense	$ 17.6	$ 15.4
Unamortized compensation expense expected to be vested	$ 25.9
Recognized weighted average period, years	1 year 4 months 24 days
Performance goal period to vest incentive stock awards	3
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Incentive Stock Awards Expected to be Vested and Awarded of Stocks Granted	0.00%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Incentive Stock Awards Expected to be Vested and Awarded of Stocks Granted	200.00%
December Thirtyfirst Two Thousand Thirteen
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Incentive Stock Awards Expected to be Vested and Awarded of Stocks Granted	200.00%
December Thirtyfirst Two Thousand Fourteen
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Incentive Stock Awards Expected to be Vested and Awarded of Stocks Granted	168.00%
December Thirty First Two Thousand And Fifteen
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of Incentive Stock Awards Expected to be Vested and Awarded of Stocks Granted	100.00%
Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 1.7
Employee Stock Option \| Plan 2011
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period, maximum years	4
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 3.9
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	1.3
Incentive Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	10.0
Directors Fee
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 0.7

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Income Taxes [Line Items]
Effective income tax rate	29.20%	31.80%	30.40%	33.30%
Liability for income taxes	$ 10.9		$ 10.9		$ 11.3
Unrecognized tax benefits if recognized that would affect effective tax rate	4.1		4.1		3.7
Accrued interest	2.5		2.5		2.5
Accrued penalties	1.4		1.4		$ 1.4
Unrecognized tax benefits	$ 1.6		$ 1.6

Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Earnings Per Share Basic And Diluted By Common Class [Line Items]

Net income attributable to Wabtec shareholders

$ 73,943

$ 62,994

$ 218,194

$ 186,967

Less: dividends declared—common shares and non-vested restricted stock

(4,003)

(2,376)

(8,799)

(5,256)

Undistributed earnings

$ 69,940

$ 60,618

$ 209,395

$ 181,711

Percentage allocated to common shareholders

99.60%

^[1]

99.50%

^[1]

99.50%

^[2]

99.50%

^[2]

Undistributed earnings allocated to common shareholders

$ 69,660

$ 60,315

$ 208,348

$ 180,802

Add: dividends declared—common shares

3,986

2,370

8,757

5,243

Numerator for basic and diluted earnings per common share

$ 73,646

$ 62,685

$ 217,105

$ 186,045

Denominator for basic earnings per common share—weighted-average shares

95,848

95,286

95,383

95,464

Assumed conversion of dilutive stock-based compensation plans

1,326

1,256

1,371

1,256

Denominator for diluted earnings per common share—adjusted weighted-average shares and assumed conversion

97,174

96,542

96,754

96,720

Basic

$ 0.77

$ 0.66

$ 2.28

$ 1.95

Net income attributable to Wabtec shareholders

$ 0.76

$ 0.65

$ 2.25

$ 1.93

[1]	(1) Basic weighted-average common shares outstanding Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest 95,848 95,286 Percentage allocated to common shareholders 96,273 95,772 99.6% 99.5%
[2]	(1) Basic weighted-average common shares outstanding 95,383 95,464 Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest 95,850 95,977 Percentage allocated to common shareholders 99.5% 99.5%

Computation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares
shares in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Earnings Per Share Basic And Diluted By Common Class [Line Items]

Denominator for basic earnings per common share—weighted-average shares

95,848

95,286

95,383

95,464

Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest

96,273

95,772

95,850

95,977

Percentage allocated to common shareholders

99.60%

^[1]

99.50%

^[1]

99.50%

^[2]

99.50%

^[2]

Basic

95,848

95,286

95,383

95,464

[1]	(1) Basic weighted-average common shares outstanding Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest 95,848 95,286 Percentage allocated to common shareholders 96,273 95,772 99.6% 99.5%
[2]	(1) Basic weighted-average common shares outstanding 95,383 95,464 Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest 95,850 95,977 Percentage allocated to common shareholders 99.5% 99.5%

Changes in Product Warranty Reserve (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Warranties [Line Items]
Balance at beginning of period	$ 58,212	$ 50,640
Warranty expense	18,677	18,298
Acquisitions	2,244	494
Warranty claim payments	(16,740)	(11,971)
Foreign currency impact/other	(109)	36
Balance at end of period	$ 62,284	$ 57,497

Liabilities Carried at Fair Value Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities	$ 3,343	$ 4,070
Fair Value, Inputs, Level 1 \| Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities
Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities	3,343	4,070
Fair Value, Inputs, Level 3 \| Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities
Interest Rate Swap Agreement
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities	3,343	4,070
Interest Rate Swap Agreement \| Fair Value, Inputs, Level 1 \| Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities
Interest Rate Swap Agreement \| Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities	3,343	4,070
Interest Rate Swap Agreement \| Fair Value, Inputs, Level 3 \| Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities

Fair Value Measures and Disclosures (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities	$ 3,343	$ 4,070
Interest Rate Swap Agreement
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities	3,343	4,070
Carry Value \| 4.375% Senior Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior Notes	250,000
Carry Value \| 6.875% Senior Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior Notes		150,000
Carry Value \| Interest Rate Swap Agreement
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities	3,343	4,070
Fair Value \| 4.375% Senior Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior Notes	249,698
Fair Value \| 6.875% Senior Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior Notes		154,125
Fair Value \| Interest Rate Swap Agreement
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities	$ 3,343	$ 4,070

Commitment and Contingencies (Detail) $ in Millions	9 Months Ended
Commitment and Contingencies (Detail) $ in Millions	Sep. 30, 2013 USD ($)
Disclosure Commitment And Contingencies Detail [Line Items]
Amount of damages plantiff should agree to reduce to avoid summary order of appellate court.	$ 15.0
Damages paid to plaintiff	$ 15.8

Segment Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting Information [Line Items]
Net sales	$ 631,398	$ 587,593	$ 1,884,910	$ 1,780,722
Income (loss) from operations	109,871	96,842	326,092	291,817
Interest expense and other, net	(5,487)	(4,463)	(12,547)	(11,587)
Income (loss) from operations before income taxes	104,384	92,379	313,545	280,230
Operating Segments \| Freight Segment
Segment Reporting Information [Line Items]
Net sales	345,943	360,321	1,029,453	1,176,867
Income (loss) from operations	77,299	75,702	225,734	234,734
Interest expense and other, net
Income (loss) from operations before income taxes	77,299	75,702	225,734	234,734
Operating Segments \| Transit Segment
Segment Reporting Information [Line Items]
Net sales	293,507	236,165	881,248	629,728
Income (loss) from operations	36,335	24,385	110,809	68,934
Interest expense and other, net
Income (loss) from operations before income taxes	36,335	24,385	110,809	68,934
Corporate Activities and Elimination
Segment Reporting Information [Line Items]
Net sales	(8,052)	(8,893)	(25,791)	(25,873)
Income (loss) from operations	(3,763)	(3,245)	(10,451)	(11,851)
Interest expense and other, net	(5,487)	(4,463)	(12,547)	(11,587)
Income (loss) from operations before income taxes	(9,250)	(7,708)	(22,998)	(23,438)
External Customers
Segment Reporting Information [Line Items]
Net sales	631,398	587,593	1,884,910	1,780,722
External Customers \| Operating Segments \| Freight Segment
Segment Reporting Information [Line Items]
Net sales	340,533	354,659	1,009,069	1,159,653
External Customers \| Operating Segments \| Transit Segment
Segment Reporting Information [Line Items]
Net sales	290,865	232,934	875,841	621,069
External Customers \| Corporate Activities and Elimination
Segment Reporting Information [Line Items]
Net sales
Intersegment Sales/(Elimination)
Segment Reporting Information [Line Items]
Net sales
Intersegment Sales/(Elimination) \| Operating Segments \| Freight Segment
Segment Reporting Information [Line Items]
Net sales	5,410	5,662	20,384	17,214
Intersegment Sales/(Elimination) \| Operating Segments \| Transit Segment
Segment Reporting Information [Line Items]
Net sales	2,642	3,231	5,407	8,659
Intersegment Sales/(Elimination) \| Corporate Activities and Elimination
Segment Reporting Information [Line Items]
Net sales	$ (8,052)	$ (8,893)	$ (25,791)	$ (25,873)

Sales by Product (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Sales by Product (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting Information [Line Items]
Net sales	$ 631,398	$ 587,593	$ 1,884,910	$ 1,780,722
Specialty Products & Electronics
Segment Reporting Information [Line Items]
Net sales	276,482	264,094	799,850	841,382
Brake Products
Segment Reporting Information [Line Items]
Net sales	137,189	129,597	417,921	386,640
Remanufacturing, Overhaul & Build
Segment Reporting Information [Line Items]
Net sales	148,970	127,027	453,763	348,252
Other Transit Products
Segment Reporting Information [Line Items]
Net sales	50,270	49,141	153,698	149,941
Other
Segment Reporting Information [Line Items]
Net sales	$ 18,487	$ 17,734	$ 59,678	$ 54,507

Segment Information - Additional Information (Detail)	9 Months Ended
Segment Information - Additional Information (Detail)	Sep. 30, 2013 Segment
Segment Reporting Information [Line Items]
Number of reportable segment	2

Guarantor Subsidiaries Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
Condensed Financial Statements Captions [Line Items]
Cash and cash equivalents	$ 281,007	$ 215,766	$ 282,055	$ 285,615
Accounts receivable	570,276	389,915
Inventories	400,295	407,039
Other current assets	92,856	80,218
Total current assets	1,344,434	1,092,938
Property, plant and equipment	266,950	244,088
Goodwill	790,756	666,022
Other intangibles, net	376,137	308,321
Other long term assets	38,703	40,173
Total Assets	2,816,980	2,351,542
Current liabilities	541,758	553,059
Long-term debt	539,606	317,853
Other long term liabilities	218,567	198,613
Total liabilities	1,299,931	1,069,525
Stockholders’ equity	1,517,049	1,282,017
Total Liabilities and Stockholders’ Equity	2,816,980	2,351,542
Parent Company
Condensed Financial Statements Captions [Line Items]
Cash and cash equivalents	45,257	22,335	76,210	75,621
Accounts receivable	300	1,210
Other current assets	69,851	63,496
Total current assets	115,408	87,041
Property, plant and equipment	5,462	4,685
Goodwill	7,980	7,980
Investment in subsidiaries	3,711,564	3,146,931
Other long term assets	(7,282)	(10,491)
Total Assets	3,833,132	3,236,146
Current liabilities	15,780	64,404
Inter-company	1,692,557	1,506,541
Long-term debt	539,000	317,000
Other long term liabilities	68,746	66,184
Total liabilities	2,316,083	1,954,129
Stockholders’ equity	1,517,049	1,282,017
Total Liabilities and Stockholders’ Equity	3,833,132	3,236,146
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Cash and cash equivalents	6,538	5,473	5,622	14,024
Accounts receivable	357,233	213,895
Inventories	258,651	278,610
Other current assets	8,387	5,400
Total current assets	630,809	503,378
Property, plant and equipment	144,612	127,165
Goodwill	457,591	402,510
Investment in subsidiaries	391,820	279,731
Other intangibles, net	206,964	169,374
Other long term assets	(1,396)	4,309
Total Assets	1,830,400	1,486,467
Current liabilities	348,286	321,675
Inter-company	(1,784,172)	(1,598,419)
Long-term debt	238	168
Other long term liabilities	50,279	37,845
Total liabilities	(1,385,369)	(1,238,731)
Stockholders’ equity	3,215,769	2,725,198
Total Liabilities and Stockholders’ Equity	1,830,400	1,486,467
Non-Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Cash and cash equivalents	229,212	187,958	$ 200,223	$ 195,970
Accounts receivable	212,743	174,810
Inventories	141,644	128,429
Other current assets	14,618	11,322
Total current assets	598,217	502,519
Property, plant and equipment	116,876	112,238
Goodwill	325,185	255,532
Other intangibles, net	169,173	138,947
Other long term assets	47,381	46,355
Total Assets	1,256,832	1,055,591
Current liabilities	177,692	166,980
Inter-company	91,615	91,878
Long-term debt	368	685
Other long term liabilities	99,542	94,584
Total liabilities	369,217	354,127
Stockholders’ equity	887,615	701,464
Total Liabilities and Stockholders’ Equity	1,256,832	1,055,591
Elimination
Condensed Financial Statements Captions [Line Items]
Investment in subsidiaries	(4,103,384)	(3,426,662)
Total Assets	(4,103,384)	(3,426,662)
Stockholders’ equity	(4,103,384)	(3,426,662)
Total Liabilities and Stockholders’ Equity	$ (4,103,384)	$ (3,426,662)

Guarantor Subsidiaries Income Statement (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Condensed Financial Statements Captions [Line Items]

Net sales

$ 631,398

$ 587,593

$ 1,884,910

$ 1,780,722

Cost of sales

(443,265)

(416,314)

(1,321,008)

(1,266,635)

Gross profit

188,133

171,279

563,902

514,087

Operating expenses

(78,262)

(74,437)

(237,810)

(222,270)

Operating (loss) profit

109,871

96,842

326,092

291,817

Interest (expense) income, net

(3,829)

(3,070)

(10,714)

(10,303)

Other income (expense) , net

(1,658)

(1,393)

(1,833)

(1,284)

Income (loss) from operations before income tax

104,384

92,379

313,545

280,230

Income tax expense

(30,441)

(29,385)

(95,351)

(93,263)

Net income (loss) attributable to Wabtec shareholders

73,943

62,994

218,194

186,967

Comprehensive income (loss) attributable to Wabtec shareholders

107,977

74,212

219,679

192,784

Parent Company

Condensed Financial Statements Captions [Line Items]

Cost of sales

991

(428)

2,092

(776)

Gross profit

991

(428)

2,092

(776)

Operating expenses

(14,801)

(14,584)

(42,510)

(47,356)

Operating (loss) profit

(13,810)

(15,012)

(40,418)

(48,132)

Interest (expense) income, net

(5,564)

(5,459)

(15,408)

(16,291)

Other income (expense) , net

6,866

100

20,533

8,221

Equity earnings

105,054

102,624

318,899

304,263

Income (loss) from operations before income tax

92,546

82,253

283,606

248,061

Income tax expense

(18,603)

(19,259)

(65,412)

(61,094)

Net income (loss) attributable to Wabtec shareholders

73,943

62,994

218,194

186,967

Comprehensive income (loss) attributable to Wabtec shareholders

107,977

74,212

219,679

192,784

Guarantor Subsidiaries

Condensed Financial Statements Captions [Line Items]

Net sales

419,641

405,624

1,273,676

1,251,666

Cost of sales

(265,497)

(264,211)

(798,353)

(810,101)

Gross profit

154,144

141,413

475,323

441,565

Operating expenses

(37,427)

(37,786)

(115,300)

(115,649)

Operating (loss) profit

116,717

103,627

360,023

325,916

Interest (expense) income, net

1,430

3,305

4,261

5,489

Other income (expense) , net

(338)

(860)

(3,624)

(6,954)

Equity earnings

29,333

24,971

73,927

61,931

Income (loss) from operations before income tax

147,142

131,043

434,587

386,382

Income tax expense

(3,242)

(3,428)

(10,023)

(10,239)

Net income (loss) attributable to Wabtec shareholders

143,900

127,615

424,564

376,143

Comprehensive income (loss) attributable to Wabtec shareholders

143,900

127,615

424,564

376,143

Non-Guarantor Subsidiaries

Condensed Financial Statements Captions [Line Items]

Net sales

258,182

219,621

755,652

653,230

Cost of sales

(201,575)

(169,652)

(592,119)

(507,413)

Gross profit

56,607

49,969

163,533

145,817

Operating expenses

(26,034)

(22,067)

(80,000)

(59,265)

Operating (loss) profit

30,573

27,902

83,533

86,552

Interest (expense) income, net

305

(916)

433

499

Other income (expense) , net

(8,186)

(633)

(18,742)

(2,551)

Income (loss) from operations before income tax

22,692

26,353

65,224

84,500

Income tax expense

(8,596)

(6,698)

(19,916)

(21,930)

Net income (loss) attributable to Wabtec shareholders

14,096

19,655

45,308

62,570

Comprehensive income (loss) attributable to Wabtec shareholders

48,386

31,571

42,417

68,868

Elimination

Condensed Financial Statements Captions [Line Items]

Net sales

^[1]

(46,425)

(37,652)

(144,418)

(124,174)

Cost of sales

^[1]

22,816

17,977

67,372

51,655

Gross profit

^[1]

(23,609)

(19,675)

(77,046)

(72,519)

Operating (loss) profit

^[1]

(23,609)

(19,675)

(77,046)

(72,519)

Equity earnings

^[1]

(134,387)

(127,595)

(392,826)

(366,194)

Income (loss) from operations before income tax

^[1]

(157,996)

(147,270)

(469,872)

(438,713)

Net income (loss) attributable to Wabtec shareholders

^[1]

(157,996)

(147,270)

(469,872)

(438,713)

Comprehensive income (loss) attributable to Wabtec shareholders

^[1]

$ (192,286)

$ (159,186)

$ (466,981)

$ (445,011)

[1]	Includes elimination of gross profit realized with certain intercompany transactions between Guarantor and Non-Guarantor subsidiaries.

Guarantor Subsidiaries Condensed Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Condensed Financial Statements Captions [Line Items]
Net cash (used for) provided by operating activities	$ 84,996	$ 113,525
Net cash used for investing activities	(239,485)	(126,067)
Net cash provided by (used for) financing activities	219,074	9,294
Effect of changes in currency exchange rates	656	(312)
Increase in cash	65,241	(3,560)
Cash, beginning of year	215,766	285,615
Cash, end of period	281,007	282,055
Parent Company
Condensed Financial Statements Captions [Line Items]
Net cash (used for) provided by operating activities	(192,400)	(4,856)
Net cash used for investing activities	(4,011)	(3,841)
Net cash provided by (used for) financing activities	219,333	9,286
Increase in cash	22,922	589
Cash, beginning of year	22,335	75,621
Cash, end of period	45,257	76,210
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Net cash (used for) provided by operating activities	544,359	390,163
Net cash used for investing activities	(118,808)	(22,366)
Net cash provided by (used for) financing activities	(424,486)	(376,199)
Increase in cash	1,065	(8,402)
Cash, beginning of year	5,473	14,024
Cash, end of period	6,538	5,622
Non-Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Net cash (used for) provided by operating activities	202,909	166,931
Net cash used for investing activities	(116,666)	(99,860)
Net cash provided by (used for) financing activities	(45,645)	(62,506)
Effect of changes in currency exchange rates	656	(312)
Increase in cash	41,254	4,253
Cash, beginning of year	187,958	195,970
Cash, end of period	229,212	200,223
Elimination
Condensed Financial Statements Captions [Line Items]
Net cash (used for) provided by operating activities	(469,872)	(438,713)
Net cash provided by (used for) financing activities	$ 469,872	$ 438,713

Guarantor Subsidiaries Financial Information - Additional Information (Detail) $ in Millions	Sep. 30, 2013 USD ($)
Senior Notes	$ 150.0
4.375% Senior Notes, due 2023
Senior Notes	$ 250.0
Maturity date of debt instrument	2023

Components of Other Income Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Components Of Other Income Expense [Line Items]
Foreign currency loss	$ (1,002)	$ (1,468)	$ (2,933)	$ (427)
Other miscellaneous income (expense)	(656)	75	1,100	(857)
Total other income (expense), net	$ (1,658)	$ (1,393)	$ (1,833)	$ (1,284)