XML 34 R21.htm IDEA: XBRL DOCUMENT
v3.19.1

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2019
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 | 2019 |  | 2018
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |
to Wabtec shareholders | $ | (4,472 | ) |  | $ | 88,366 |
Less: dividends declared - common shares and non-vested restricted stock | (11,687 | ) |  | (11,531 | )
Undistributed earnings | (16,159 | ) |  | 76,835 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| (16,111 | ) |  | 76,604 |
Add: dividends declared - common shares | 11,646 |  |  | 11,497 |
Numerator for basic and diluted earnings per common share | $ | (4,465 | ) |  | $ | 88,101 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 121,226 |  |  | 95,810 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | — |  |  | 561 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 121,226 |  |  | 96,371 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | (0.04 | ) |  | $ | 0.92 |
Diluted | $ | (0.04 | ) |  | $ | 0.92 |
(1) Basic weighted-average common shares outstanding | 121,226 |  |  | 95,810 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 121,565 |  |  | 96,091 |
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. For the three months ended March 31, 2019, basic weighted average shares outstanding and diluted shares outstanding were the same because the effect of assumed conversion of preferred shares and assumed conversion of shares related to stock-based compensation plans were anti-dilutive since the Company generated a net loss.

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://fasb.org/us-gaap/role/ref/legacyRef -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