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Earnings Per Share (Q3) (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
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
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 computation of earnings per share from operations is as follows:
 
  
For the Year Ended
December 31,
 
In thousands, except per share data
 
2017
  
2016
  
2015
 
Numerator
         
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders          
 
$
262,261
  
$
304,887
  
$
398,628
 
Less: dividends declared - common shares and non-vested restricted stock
  
(42,218
)
  
(32,430
)
  
(26,963
)
Undistributed earnings          
  
220,043
   
272,457
   
371,665
 
Percentage allocated to common shareholders (1)          
  
99.7
%
  
99.7
%
  
99.7
%
   
219,383
   
271,640
   
370,550
 
Add: dividends declared - common shares          
  
42,092
   
32,333
   
26,875
 
Numerator for basic and diluted earnings per common share
 
$
261,475
  
$
303,973
  
$
397,425
 
Denominator          
            
Denominator for basic earnings per common share - weighted average shares
  
95,453
   
90,359
   
96,074
 
Effect of dilutive securities:
            
Assumed conversion of dilutive stock-based compensation plans
  
672
   
782
   
932
 
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversion          
  
96,125
   
91,141
   
97,006
 
Net income per common share attributable to Wabtec shareholders
            
Basic          
 
$
2.74
  
$
3.37
  
$
4.14
 
Diluted          
 
$
2.72
  
$
3.34
  
$
4.10
 
             
(1) Basic weighted-average common shares outstanding
  
95,453
   
90,359
   
96,074
 
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest          
  
95,740
   
90,627
   
96,388
 
Percentage allocated to common shareholders          
  
99.7
%
  
99.7
%
  
99.7
%