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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
Computation of 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 June 30,
In thousands, except per share data | 2017 |  | 2016
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |
to Wabtec shareholders | $ | 72,025 |  |  | $ | 90,485 |
Less: dividends declared - common shares and non-vested restricted stock | (9,605 | ) |  | (7,209 | )
Undistributed earnings | 62,420 |  |  | 83,276 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 62,233 |  |  | 83,026 |
Add: dividends declared - common shares | 9,576 |  |  | 7,189 |
Numerator for basic and diluted earnings per common share | $ | 71,809 |  |  | $ | 90,215 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 95,641 |  |  | 89,846 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | 643 |  |  | 713 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 96,284 |  |  | 90,559 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 0.75 |  |  | $ | 1.00 |
Diluted | $ | 0.75 |  |  | $ | 1.00 |
(1) Basic weighted-average common shares outstanding | 95,641 |  |  | 89,846 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 95,917 |  |  | 90,101 |
Percentage allocated to common shareholders | 99.7 | % |  | 99.7 | %
| Six Months Ended June 30,
In thousands, except per share data | 2017 |  | 2016
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |
to Wabtec shareholders | $ | 145,914 |  |  | $ | 184,648 |
Less: dividends declared - common shares and non-vested restricted stock | (19,177 | ) |  | (14,565 | )
Undistributed earnings | 126,737 |  |  | 170,083 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 126,357 |  |  | 169,573 |
Add: dividends declared - common shares | 19,120 |  |  | 14,520 |
Numerator for basic and diluted earnings per common share | $ | 145,477 |  |  | $ | 184,093 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 95,370 |  |  | 90,832 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | 701 |  |  | 796 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 96,071 |  |  | 91,628 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 1.52 |  |  | $ | 2.03 |
Diluted | $ | 1.52 |  |  | $ | 2.02 |
(1) Basic weighted-average common shares outstanding | 95,370 |  |  | 90,832 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 95,666 |  |  | 91,111 |
Percentage allocated to common shareholders | 99.7 | % |  | 99.7 | %

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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