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EARNINGS PER SHARE
 12 Months Ended
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 data202020192018
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 earnings321.9 246.4 248.6 
Percentage allocated to common shareholders (1)99.7 %99.7 %99.7 %
320.9 245.7 247.9 
Add: dividends declared - common shares92.3 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 shares189.9 170.5 96.0 
Effect of dilutive securities:
Assumed conversion of preferred shares— 6.4 — 
Assumed conversion of dilutive stock-based compensation plans0.5 0.4 0.5 
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversion190.4 177.3 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 outstanding189.9 170.5 96.0 
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest190.4 171.0 96.3 
Percentage allocated to common shareholders99.7 %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.