Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Basic and Diluted 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 thousands, except per share data	2014			2013
Numerator
Numerator for basic and diluted earnings per common share - net income attributable
to Wabtec shareholders	$	90,155		$	73,943
Less: dividends declared - common shares and non-vested restricted stock		(5,780	)		(4,003	)
Undistributed earnings		84,375			69,940
Percentage allocated to common shareholders (1)		99.6	%		99.6	%
		84,038			69,660
Add: dividends declared - common shares		5,759			3,986
Numerator for basic and diluted earnings per common share	$	89,797		$	73,646
Denominator
Denominator for basic earnings per common share - weighted average shares		95,935			95,848
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans		1,069			1,326
Denominator for diluted earnings per common share - adjusted weighted average
shares and assumed conversion		97,004			97,174
Net income per common share attributable to Wabtec shareholders
Basic	$	0.94		$	0.77
Diluted	$	0.93		$	0.76

(1) Basic weighted-average common shares outstanding	95,935		95,848
Basic weighted-average common shares outstanding and non-vested restricted
stock expected to vest	96,285		96,273
Percentage allocated to common shareholders	99.6	%	99.6	%

	Nine Months Ended
	September 30,
In thousands, except per share data	2014			2013
Numerator
Numerator for basic and diluted earnings per common share - net income attributable
to Wabtec shareholders	$	258,994		$	218,194
Less: dividends declared - common shares and non-vested restricted stock		(13,471	)		(8,799	)
Undistributed earnings		245,523			209,395
Percentage allocated to common shareholders (1)		99.6	%		99.5	%
		244,541			208,348
Add: dividends declared - common shares		13,415			8,757
Numerator for basic and diluted earnings per common share	$	257,956		$	217,105
Denominator
Denominator for basic earnings per common share - weighted average shares		95,745			95,383
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans		1,089			1,371
Denominator for diluted earnings per common share - adjusted weighted average
shares and assumed conversion		96,834			96,754
Net income per common share attributable to Wabtec shareholders
Basic	$	2.69		$	2.28
Diluted	$	2.67		$	2.25

(1) Basic weighted-average common shares outstanding	95,745		95,383
Basic weighted-average common shares outstanding and non-vested restricted
stock expected to vest	96,146		95,850
Percentage allocated to common shareholders	99.6	%	99.5	%