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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2020
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 |  | 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 | %

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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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