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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2020
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 millions, except per share data | 2020 |  | 2019
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders | $ | 128.1 |  |  | $ | 91.1 |
Less: dividends declared - common shares and non-vested restricted stock | (22.8) |  |  | (23.0) |
Undistributed earnings | 105.3 |  |  | 68.1 |
Percentage allocated to common shareholders (1) | 99.8 | % |  | 99.7 | %
| 105.1 |  |  | 67.9 |
Add: dividends declared - common shares | 22.8 |  |  | 23.0 |
Numerator for basic earnings per common share | 127.9 |  |  | 90.9 |
Numerator for diluted earnings per common share | 127.9 |  |  | 90.9 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 189.8 |  |  | 189.6 |
Effect of dilutive securities: |  |  |
Assumed conversion of preferred shares | — |  |  | 1.5 |
Assumed conversion of dilutive stock-based compensation plans | 0.4 |  |  | 0.4 |
Denominator for diluted earnings per common share adjusted weighted average shares and assumed conversion | 190.2 |  |  | 191.5 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 0.67 |  |  | $ | 0.48 |
Diluted | $ | 0.67 |  |  | $ | 0.48 |
(1) Basic weighted-average common shares outstanding | 189.8 |  |  | 189.6 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 190.3 |  |  | 190.1 |
Percentage allocated to common shareholders | 99.8 | % |  | 99.7 | %
| Nine Months Ended September 30,
In millions, except per share data | 2020 |  | 2019
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders | $ | 326.5 |  |  | $ | 191.0 |
Less: dividends declared - common shares and non-vested restricted stock | (68.7) |  |  | (57.3) |
Undistributed earnings | 257.8 |  |  | 133.7 |
Percentage allocated to common shareholders (1) | 99.7 | % |  | 99.7 | %
| 257.0 |  |  | 133.3 |
Add: dividends declared - common shares | 68.5 |  |  | 57.2 |
Less: dividends declared - preferred shares | — |  |  | (0.4) |
Numerator for basic earnings per common share | 325.5 |  |  | 190.1 |
Add: dividends declared - preferred shares | — |  |  | 0.4 |
Numerator for diluted earnings per common share | 325.5 |  |  | 190.5 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 190.1 |  |  | 163.2 |
Effect of dilutive securities: |  |  |
Assumed conversion of preferred shares | — |  |  | 8.6 |
Assumed conversion of dilutive stock-based compensation plans | 0.5 |  |  | 0.4 |
Denominator for diluted earnings per common share adjusted weighted average shares and assumed conversion | 190.6 |  |  | 172.2 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 1.71 |  |  | $ | 1.17 |
Diluted | $ | 1.71 |  |  | $ | 1.11 |
(1) Basic weighted-average common shares outstanding | 190.1 |  |  | 163.2 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 190.6 |  |  | 163.7 |
Percentage allocated to common shareholders | 99.7 | % |  | 99.7 | %

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- 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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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