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Earnings Per Share | 6 Months Ended
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Jun. 30, 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 June 30,
In thousands, except per share data | 2018 |  | 2017
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |
to Wabtec shareholders | $ | 84,416 |  |  | $ | 72,025 |
Less: dividends declared - common shares and non-vested restricted stock | (11,565 | ) |  | (9,605 | )
Undistributed earnings | 72,851 |  |  | 62,420 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 72,632 |  |  | 62,233 |
Add: dividends declared - common shares | 11,531 |  |  | 9,576 |
Numerator for basic and diluted earnings per common share | $ | 84,163 |  |  | $ | 71,809 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 95,992 |  |  | 95,641 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | 583 |  |  | 643 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 96,575 |  |  | 96,284 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 0.88 |  |  | $ | 0.75 |
Diluted | $ | 0.87 |  |  | $ | 0.75 |
(1) Basic weighted-average common shares outstanding | 95,992 |  |  | 95,641 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 96,276 |  |  | 95,917 |
Percentage allocated to common shareholders | 99.7 | % |  | 99.7 | %
| Six Months Ended June 30,
In thousands, except per share data | 2018 |  | 2017
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |
to Wabtec shareholders | $ | 172,782 |  |  | $ | 145,914 |
Less: dividends declared - common shares and non-vested restricted stock | (23,096 | ) |  | (19,177 | )
Undistributed earnings | 149,686 |  |  | 126,737 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 149,237 |  |  | 126,357 |
Add: dividends declared - common shares | 23,027 |  |  | 19,120 |
Numerator for basic and diluted earnings per common share | $ | 172,264 |  |  | $ | 145,477 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 95,867 |  |  | 95,370 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | 604 |  |  | 701 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 96,471 |  |  | 96,071 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 1.80 |  |  | $ | 1.52 |
Diluted | $ | 1.79 |  |  | $ | 1.52 |
(1) Basic weighted-average common shares outstanding | 95,867 |  |  | 95,370 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 96,153 |  |  | 95,666 |
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.

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- 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
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