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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2016
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
 
2016
 
2015
 
2014
Numerator
 
 

 
 

 
 

Numerator for basic and diluted earnings per common share - net income attributable
 
 

 
 

 
 

to Wabtec shareholders
 
$
304,887

 
$
398,628

 
$
351,680

Less: dividends declared - common shares and non-vested restricted stock
 
(32,430
)
 
(26,963
)
 
(19,246
)
Undistributed earnings
 
272,457

 
371,665

 
332,434

Percentage allocated to common shareholders (1)
 
99.7
%
 
99.7
%
 
99.6
%
 
 
271,640

 
370,550

 
331,104

Add: dividends declared - common shares
 
32,333

 
26,875

 
19,167

Numerator for basic and diluted earnings per common share
 
$
303,973

 
$
397,425

 
$
350,271

Denominator
 
 
 
 
 
 
Denominator for basic earnings per common share - weighted average shares
 
90,359

 
96,074

 
95,781

Effect of dilutive securities:
 
 
 
 
 
 
Assumed conversion of dilutive stock-based compensation plans
 
782

 
932

 
1,104

Denominator for diluted earnings per common share - adjusted weighted average
 
 
 
 
 
 
shares and assumed conversion
 
91,141

 
97,006

 
96,885

Net income per common share attributable to Wabtec shareholders
 
 
 
 
 
 
Basic
 
$
3.37

 
$
4.14

 
$
3.66

Diluted
 
$
3.34

 
$
4.10

 
$
3.62

 
 
 
 
 
 
 
(1) Basic weighted-average common shares outstanding
 
90,359

 
96,074

 
95,781

Basic weighted-average common shares outstanding and non-vested restricted
 
 
 
 
 
 
stock expected to vest
 
90,627

 
96,388

 
96,175

Percentage allocated to common shareholders
 
99.7
%
 
99.7
%
 
99.6
%