XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2018
Earnings Per Share [Abstract] |
Earnings Per Share | 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 March 31,
In thousands, except per share data | 2018 |  | 2017
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |
to Wabtec shareholders | $ | 88,366 |  |  | $ | 73,889 |
Less: dividends declared - common shares and non-vested restricted stock | (11,531 | ) |  | (9,572 | )
Undistributed earnings | 76,835 |  |  | 64,317 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 76,604 |  |  | 64,124 |
Add: dividends declared - common shares | 11,497 |  |  | 9,542 |
Numerator for basic and diluted earnings per common share | $ | 88,101 |  |  | $ | 73,666 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 95,810 |  |  | 95,243 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | 561 |  |  | 748 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 96,371 |  |  | 95,991 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 0.92 |  |  | $ | 0.77 |
Diluted | $ | 0.92 |  |  | $ | 0.77 |
(1) Basic weighted-average common shares outstanding | 95,810 |  |  | 95,243 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 96,091 |  |  | 95,544 |
Percentage allocated to common shareholders | 99.7 | % |  | 99.7 | %
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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration