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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Computation of 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 | 2021 |  | 2020
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders | $ | 130.6 |  |  | $ | 128.1 |
Less: dividends declared - common shares and non-vested restricted stock | (22.6) |  |  | (22.8) |
Undistributed earnings | 108.0 |  |  | 105.3 |
Percentage allocated to common shareholders (1) | 99.8 | % |  | 99.8 | %
| 107.8 |  |  | 105.1 |
Add: dividends declared - common shares | 22.6 |  |  | 22.8 |
Numerator for basic earnings per common share | $ | 130.4 |  |  | $ | 127.9 |
Numerator for diluted earnings per common share | $ | 130.4 |  |  | $ | 127.9 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 187.6 |  |  | 189.8 |
Effect of dilutive securities: |  |  |
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 | 188.0 |  |  | 190.2 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 0.69 |  |  | $ | 0.67 |
Diluted | $ | 0.69 |  |  | $ | 0.67 |
(1) Basic weighted-average common shares outstanding | 187.6 |  |  | 189.8 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 188.0 |  |  | 190.3 |
Percentage allocated to common shareholders | 99.8 | % |  | 99.8 | %
| Nine Months Ended September 30,
In millions, except per share data | 2021 |  | 2020
Numerator |  |  |
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders | $ | 367.8 |  |  | $ | 326.5 |
Less: dividends declared - common shares and non-vested restricted stock | (68.0) |  |  | (68.7) |
Undistributed earnings | 299.8 |  |  | 257.8 |
Percentage allocated to common shareholders (1) | 99.8 | % |  | 99.7 | %
| 299.2 |  |  | 257.0 |
Add: dividends declared - common shares | 67.9 |  |  | 68.5 |
Numerator for basic earnings per common share | $ | 367.1 |  |  | $ | 325.5 |
Numerator for diluted earnings per common share | $ | 367.1 |  |  | $ | 325.5 |
Denominator |  |  |
Denominator for basic earnings per common share - weighted average shares | 188.2 |  |  | 190.1 |
Effect of dilutive securities: |  |  |
Assumed conversion of dilutive stock-based compensation plans | 0.4 |  |  | 0.5 |
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversion | 188.6 |  |  | 190.6 |
Net income attributable to Wabtec shareholders per common share |  |  |
Basic | $ | 1.95 |  |  | $ | 1.71 |
Diluted | $ | 1.95 |  |  | $ | 1.71 |
(1) Basic weighted-average common shares outstanding | 188.2 |  |  | 190.1 |
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest | 188.6 |  |  | 190.6 |
Percentage allocated to common shareholders | 99.8 | % |  | 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=124432515&loc=d3e3550-109257 + Details
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