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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2019
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The computation of earnings per share from operations is as follows:
|  | For the Year Ended December 31, |  |  |  |
In millions, except per share data |  | 2019 |  | 2018 |  | 2017
Numerator |  |  |  |  |  |
Numerator for basic and diluted earnings per common share - net income attributable |  |  |  |  |  |
to Wabtec shareholders |  | $ | 326.7 |  |  |  | $ | 294.9 |  |  |  | $ | 262.3 |
Less: dividends declared - common shares and non-vested restricted stock |  | (80.3) |  |  |  | (46.3) |  |  |  | (42.2) |
Undistributed earnings |  | 246.4 |  |  |  | 248.6 |  |  |  | 220.1 |
Percentage allocated to common shareholders (1) |  | 99.7 | % |  |  | 99.7 | % |  |  | 99.7 | %
|  | 245.7 |  |  |  | 247.9 |  |  |  | 219.4 |
Add: dividends declared - common shares |  | 80.0 |  |  |  | 46.3 |  |  |  | 42.2 |
Less: dividends declared - preferred shares |  | (0.4) |  |  |  | — |  |  |  | — |
Numerator for basic earnings per common share |  | $ | 325.3 |  |  |  | $ | 294.2 |  |  |  | $ | 261.6 |
Add: dividends declared - preferred shares |  | 0.4 |  |  |  | — |  |  |  | — |
Numerator for diluted earnings per common share |  | $ | 325.7 |  |  |  | $ | 294.2 |  |  |  | $ | 261.6 |
Denominator |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares |  | 170.5 |  |  |  | 96.0 |  |  |  | 95.5 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Assumed conversion of preferred shares |  | 6.4 |  |  |  | — |  |  |  | — |
Assumed conversion of dilutive stock-based compensation plans |  | 0.4 |  |  |  | 0.5 |  |  |  | 0.6 |
Denominator for diluted earnings per common share - adjusted weighted average |  |  |  |  |  |  |  |  |  |  |
shares and assumed conversion |  | 177.3 |  |  |  | 96.5 |  |  |  | 96.1 |
Net income per common share attributable to Wabtec shareholders |  |  |  |  |  |
Basic |  | $ | 1.91 |  |  | $ | 3.06 |  |  | $ | 2.74 |
Diluted |  | $ | 1.84 |  |  | $ | 3.05 |  |  | $ | 2.72 |
(1) Basic weighted-average common shares outstanding |  | 170.5 |  |  |  | 96.0 |  |  |  | 95.5 |
Basic weighted-average common shares outstanding and non-vested restricted |  |  |  |  |  |  |  |  |  |  |
stock expected to vest |  | 171.0 |  |  |  | 96.3 |  |  |  | 95.7 |
Percentage allocated to common shareholders |  | 99.7 | % |  | 99.7 | % |  | 99.7 | %
Options to purchase approximately 312,000, 135,000, and 24,000 shares of Common Stock were outstanding in 2019, 2018 and 2017, respectively, but were not included in the computation of diluted earnings because their impact would have been antidilutive.

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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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