The computation of basic and diluted earnings per share for net income attributable to Wabtec shareholders is as follows:



	Three Months Ended June 30,
In thousands, except per share data	2016			2015
Numerator
Numerator for basic and diluted earnings per common share - net income attributable
to Wabtec shareholders	$	90,485		$	101,504
Less: dividends declared - common shares and non-vested restricted stock	(7,209		)	(5,799		)
Undistributed earnings	83,276			95,705
Percentage allocated to common shareholders (1)	99.7		%	99.7		%
	83,026			95,418
Add: dividends declared - common shares	7,189			5,782
Numerator for basic and diluted earnings per common share	$	90,215		$	101,200
Denominator
Denominator for basic earnings per common share - weighted average shares	89,846			96,338
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	713			1,097
Denominator for diluted earnings per common share -
adjusted weighted average shares and assumed conversion	90,559			97,435
Net income per common share attributable to Wabtec shareholders
Basic	$	1.00		$	1.05
Diluted	$	1.00		$	1.04



(1) Basic weighted-average common shares outstanding	89,846		96,338
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	90,101		96,620
Percentage allocated to common shareholders	99.7	%	99.7	%



	Six Months Ended June 30,
In thousands, except per share data	2016			2015
Numerator
Numerator for basic and diluted earnings per common share - net income attributable
to Wabtec shareholders	$	184,648		$	197,668
Less: dividends declared - common shares and non-vested restricted stock	(14,565		)	(11,580		)
Undistributed earnings	170,083			186,088
Percentage allocated to common shareholders (1)	99.7		%	99.6		%
	169,573			185,344
Add: dividends declared - common shares	14,520			11,539
Numerator for basic and diluted earnings per common share	$	184,093		$	196,883
Denominator
Denominator for basic earnings per common share - weighted average shares	90,832			96,066
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	796			1,046
Denominator for diluted earnings per common share -
adjusted weighted average shares and assumed conversion	91,628			97,112
Net income per common share attributable to Wabtec shareholders
Basic	$	2.03		$	2.05
Diluted	$	2.02		$	2.03



(1) Basic weighted-average common shares outstanding	90,832		96,066
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	91,111		96,406
Percentage allocated to common shareholders	99.7	%	99.6	%