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Earnings Per Share | 9 Months Ended
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Sep. 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 September 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 | $ | 87,739 |  |  | $ | 67,399 |
Less: dividends declared - common shares and non-vested restricted stock | (11,586 | ) |  | (11,518 | )
Undistributed earnings | 76,153 |  |  | 55,881 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 75,925 |  |  | 55,713 |
Add: dividends declared - common shares | 11,552 |  |  | 11,485 |
Numerator for basic and diluted earnings per common share | $ | 87,477 |  |  | $ | 67,198 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 96,208 |  |  | 95,709 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | 429 |  |  | 607 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 96,637 |  |  | 96,316 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 0.91 |  |  | $ | 0.70 |
Diluted | $ | 0.91 |  |  | $ | 0.70 |
(1) Basic weighted-average common shares outstanding | 96,208 |  |  | 95,709 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 96,495 |  |  | 95,983 |
Percentage allocated to common shareholders | 99.7 | % |  | 99.7 | %
| Nine Months Ended September 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 | $ | 260,521 |  |  | $ | 213,313 |
Less: dividends declared - common shares and non-vested restricted stock | (34,682 | ) |  | (30,693 | )
Undistributed earnings | 225,839 |  |  | 182,620 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.4 | %
| 225,161 |  |  | 181,524 |
Add: dividends declared - common shares | 34,579 |  |  | 30,508 |
Numerator for basic and diluted earnings per common share | $ | 259,740 |  |  | $ | 212,032 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 95,935 |  |  | 95,163 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | 501 |  |  | 645 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 96,436 |  |  | 95,808 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 2.71 |  |  | $ | 2.23 |
Diluted | $ | 2.70 |  |  | $ | 2.22 |
(1) Basic weighted-average common shares outstanding | 95,935 |  |  | 95,163 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 96,221 |  |  | 95,740 |
Percentage allocated to common shareholders | 99.7 | % |  | 99.4 | %
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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