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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2020
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 |  | 2020 |  | 2019 |  | 2018
Numerator |  |  |  |  |  |
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders |  | $ | 414.4 |  |  | $ | 326.7 |  |  | $ | 294.9 |
Less: dividends declared - common shares and non-vested restricted stock |  | (92.5) |  |  | (80.3) |  |  | (46.3) |
Undistributed earnings |  | 321.9 |  |  | 246.4 |  |  | 248.6 |
Percentage allocated to common shareholders (1) |  | 99.7 | % |  | 99.7 | % |  | 99.7 | %
|  | 320.9 |  |  | 245.7 |  |  | 247.9 |
Add: dividends declared - common shares |  | 92.3 |  |  | 80.0 |  |  | 46.3 |
Less: dividends declared - preferred shares |  | — |  |  | (0.4) |  |  | — |
Numerator for basic earnings per common share |  | $ | 413.2 |  |  | $ | 325.3 |  |  | $ | 294.2 |
Add: dividends declared - preferred shares |  | — |  |  | 0.4 |  |  | — |
Numerator for diluted earnings per common share |  | $ | 413.2 |  |  | $ | 325.3 |  |  | $ | 294.2 |
Denominator |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares |  | 189.9 |  |  | 170.5 |  |  | 96.0 |
Effect of dilutive securities: |  |  |  |  |  |
Assumed conversion of preferred shares |  | — |  |  | 6.4 |  |  | — |
Assumed conversion of dilutive stock-based compensation plans |  | 0.5 |  |  | 0.4 |  |  | 0.5 |
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversion |  | 190.4 |  |  | 177.3 |  |  | 96.5 |
Net income per common share attributable to Wabtec shareholders |  |  |  |  |  |
Basic |  | $ | 2.18 |  |  | $ | 1.91 |  |  | $ | 3.06 |
Diluted |  | $ | 2.17 |  |  | $ | 1.84 |  |  | $ | 3.05 |
(1) Basic weighted-average common shares outstanding |  | 189.9 |  |  | 170.5 |  |  | 96.0 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest |  | 190.4 |  |  | 171.0 |  |  | 96.3 |
Percentage allocated to common shareholders |  | 99.7 | % |  | 99.7 | % |  | 99.7 | %
Options to purchase approximately 403,000, 312,000, and 135,000 shares of Common Stock were outstanding in 2020, 2019 and 2018, respectively, but were not included in the computation of diluted earnings because their exercise price exceeded the average market price of the Company's common stock.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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