EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

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 thousands, except per share data	2015			2014			2013
Numerator
Numerator for basic and diluted earnings per common share - net income attributable
to Wabtec shareholders	$	398,628		$	351,680		$	292,235
Less: dividends declared - common shares and non-vested restricted stock	(26,963		)	(19,246		)	(12,644		)
Undistributed earnings	371,665			332,434			279,591
Percentage allocated to common shareholders (1)	99.7		%	99.6		%	99.5		%
	370,550			331,104			278,193
Add: dividends declared - common shares	26,875			19,167			12,583
Numerator for basic and diluted earnings per common share	$	397,425		$	350,271		$	290,776
Denominator
Denominator for basic earnings per common share - weighted average shares	96,074			95,781			95,463
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	932			1,104			1,369
Denominator for diluted earnings per common share - adjusted weighted average
shares and assumed conversion	97,006			96,885			96,832
Net income per common share attributable to Wabtec shareholders
Basic	$	4.14		$	3.66		$	3.05
Diluted	$	4.10		$	3.62		$	3.01

(1) Basic weighted-average common shares outstanding	96,074		95,781		95,463
Basic weighted-average common shares outstanding and non-vested restricted
stock expected to vest	96,388		96,175		95,932
Percentage allocated to common shareholders	99.7	%	99.6	%	99.5	%

Options to purchase approximately 13,000, 17,000, and 12,000 shares of Common Stock were outstanding in 2015, 2014 and 2013, respectively, but were not included in the computation of diluted earnings per share because the options’ exercise price exceeded the average market price of the common shares.