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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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
%