Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

The computation of basic and diluted earnings per share for net income attributable to Wabtec shareholders is as follows:


	Three Months Ended March 31,
In millions, except per share data	2021			2020
Numerator
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders	$	112.4		$	111.6
Less: dividends declared - common shares and non-vested restricted stock	(23.0)			(23.0)
Undistributed earnings	89.4			88.6
Percentage allocated to common shareholders (1)	99.8		%	99.7		%
	89.2			88.3
Add: dividends declared - common shares	22.9			22.9
Numerator for basic earnings per common share	112.1			111.2
Numerator for diluted earnings per common share	112.1			111.2
Denominator
Denominator for basic earnings per common share - weighted average shares	188.5			190.8
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	0.4			0.6
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversion	188.9			191.4
Net income attributable to Wabtec shareholders per common share
Basic	$	0.59		$	0.58
Diluted	$	0.59		$	0.58

(1) Basic weighted-average common shares outstanding	188.5			190.8
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	188.9			191.4
Percentage allocated to common shareholders	99.8		%	99.7		%