XML 43 R33.htm IDEA: XBRL DOCUMENT v3.4.0.3
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2016
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
March 31,
In thousands, except per share data
2016
 
2015
Numerator
 
 
 
Numerator for basic and diluted earnings per common
   share - net income attributable
 
 
 
to Wabtec shareholders
$
94,163

 
$
96,164

Less: dividends declared - common shares
   and non-vested restricted stock
(7,355
)
 
(5,781
)
Undistributed earnings
86,808

 
90,383

Percentage allocated to common shareholders (1)
99.7
%
 
99.6
%
 
86,548

 
90,021

Add: dividends declared - common shares
7,332

 
5,759

Numerator for basic and diluted earnings per
   common share
$
93,880

 
$
95,780

Denominator
 
 
 
Denominator for basic earnings per common
   share - weighted average shares
91,258

 
96,243

Effect of dilutive securities:
 
 
 
Assumed conversion of dilutive stock-based
   compensation plans
891

 
1,142

Denominator for diluted earnings per common share -
 
 
 
adjusted weighted average shares and assumed conversion
92,149

 
97,385

Net income per common share attributable to
   Wabtec shareholders
 
 
 
Basic
$
1.03

 
$
1.00

Diluted
$
1.02

 
$
0.99

(1) Basic weighted-average common shares outstanding
91,258

 
96,243

Basic weighted-average common shares outstanding and
   non-vested restricted stock expected to vest
91,543

 
96,607

Percentage allocated to common shareholders
99.7
%
 
99.6
%