XML 22 R45.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

EARNINGS PER SHARE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Earnings Per Share [Abstract] |
Computation of 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 | %

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 Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration