The Value Of Dividend Income Essay

1304 WordsMay 6, 20166 Pages
Dividends Basic net income attributable to Trinity Industries, Inc. per common share is computed by dividing net income attributable to Trinity remaining after allocation to unvested restricted shares by the weighted average number of basic common shares outstanding for the period. Except when the effect would be antidilutive, the calculation of diluted net income attributable to Trinity per common share includes 1) the net impact of unvested restricted shares and shares that could be issued under outstanding stock options and 2) the incremental shares calculated by dividing the value of the conversion obligation in excess of the Convertible Subordinated Notes ' aggregate principal amount by the average price of the Company 's common stock during the period. The effect of the Convertible Subordinated Notes was antidilutive for the years ended December 31, 2013 and 2012. See Note 11 Debt for further explanation of the Company 's Convertible Subordinated Notes. Total weighted average restricted shares and antidilutive stock options were 7.4 million shares, 7.0 million shares, and 6.1 million shares, for the years ended December 31, 2014, 2013, and 2012, respectively. Accumulated Other Comprehensive Income TRIP use derivative instruments to mitigate the impact of changes in interest rates, both in anticipation of future debt issuances and to offset interest rate variability of certain floating rate debt issuances outstanding. TRIP also use derivative instruments to mitigate
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