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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of 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
%