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Earnings Per Share | 6 Months Ended
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Jun. 30, 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 June 30,
In thousands, except per share data | 2019 |  | 2018
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |
to Wabtec shareholders | $ | 104,235 |  |  | $ | 84,416 |
Less: dividends declared - common shares and non-vested restricted stock | (22,576 | ) |  | (11,565 | )
Undistributed earnings | 81,659 |  |  | 72,851 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 81,414 |  |  | 72,632 |
Add: dividends declared - common shares | 22,508 |  |  | 11,531 |
Less: dividends declared - preferred shares | (422 | ) |  | — |
Numerator for basic earnings per common share | $ | 103,500 |  |  | $ | 84,163 |
Add: dividends declared - preferred shares | 422 |  |  | — |
Numerator for diluted earnings per common share | 103,922 |  |  | 84,163 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 177,348 |  |  | 95,992 |
Effect of dilutive securities: |  |  |
Assumed conversion of preferred shares | 13,743 |  |  | — |
Assumed conversion of dilutive stock-based compensation plans | 362 |  |  | 583 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 191,453 |  |  | 96,575 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 0.58 |  |  | $ | 0.88 |
Diluted | $ | 0.54 |  |  | $ | 0.87 |
(1) Basic weighted-average common shares outstanding | 177,348 |  |  | 95,992 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 177,922 |  |  | 96,276 |
Percentage allocated to common shareholders | 99.7 | % |  | 99.7 | %
| Six Months Ended June 30,
In thousands, except per share data | 2019 |  | 2018
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |
to Wabtec shareholders | $ | 99,763 |  |  | $ | 172,782 |
Less: dividends declared - common shares and non-vested restricted stock | (34,264 | ) |  | (23,096 | )
Undistributed earnings | 65,499 |  |  | 149,686 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 65,303 |  |  | 149,237 |
Add: dividends declared - common shares | 34,154 |  |  | 23,027 |
Less: dividends declared - preferred shares | (422 | ) |  | — |
Numerator for basic earnings per common share | $ | 99,035 |  |  | $ | 172,264 |
Add: dividends declared - preferred shares | 422 |  |  | — |
Numerator for diluted earnings per common share | 99,457 |  |  | 172,264 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 149,553 |  |  | 95,867 |
Effect of dilutive securities: |  |  |
Assumed conversion of preferred shares | 12,213 |  |  | — |
Assumed conversion of dilutive stock-based compensation plans | 389 |  |  | 604 |
Denominator for diluted earnings per common share - |  |  |
adjusted weighted average shares and assumed conversion | 162,155 |  |  | 96,471 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 0.66 |  |  | $ | 1.80 |
Diluted | $ | 0.61 |  |  | $ | 1.79 |
(1) Basic weighted-average common shares outstanding | 149,553 |  |  | 95,867 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 150,013 |  |  | 96,153 |
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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