XML 45 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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
June 30,
In thousands, except per share data
2017
 
2016
Numerator
 
 
 
Numerator for basic and diluted earnings per common
   share - net income attributable
 
 
 
to Wabtec shareholders
$
72,025

 
$
90,485

Less: dividends declared - common shares
   and non-vested restricted stock
(9,605
)
 
(7,209
)
Undistributed earnings
62,420

 
83,276

Percentage allocated to common shareholders (1)
99.7
%
 
99.7
%
 
62,233

 
83,026

Add: dividends declared - common shares
9,576

 
7,189

Numerator for basic and diluted earnings per
   common share
$
71,809

 
$
90,215

Denominator
 
 
 
Denominator for basic earnings per common
   share - weighted average shares
95,641

 
89,846

Effect of dilutive securities:
 
 
 
Assumed conversion of dilutive stock-based
   compensation plans
643

 
713

Denominator for diluted earnings per common share -
 
 
 
adjusted weighted average shares and assumed conversion
96,284

 
90,559

Net income attributable to Wabtec
      shareholders per common share
 
 
 
Basic
$
0.75

 
$
1.00

Diluted
$
0.75

 
$
1.00

(1) Basic weighted-average common shares outstanding
95,641

 
89,846

Basic weighted-average common shares outstanding and
   non-vested restricted stock expected to vest
95,917

 
90,101

Percentage allocated to common shareholders
99.7
%
 
99.7
%

 
Six Months Ended
June 30,
In thousands, except per share data
2017
 
2016
Numerator
 
 
 
Numerator for basic and diluted earnings per common
   share - net income attributable
 
 
 
to Wabtec shareholders
$
145,914

 
$
184,648

Less: dividends declared - common shares
   and non-vested restricted stock
(19,177
)
 
(14,565
)
Undistributed earnings
126,737

 
170,083

Percentage allocated to common shareholders (1)
99.7
%
 
99.7
%
 
126,357

 
169,573

Add: dividends declared - common shares
19,120

 
14,520

Numerator for basic and diluted earnings per
   common share
$
145,477

 
$
184,093

Denominator
 
 
 
Denominator for basic earnings per common
   share - weighted average shares
95,370

 
90,832

Effect of dilutive securities:
 
 
 
Assumed conversion of dilutive stock-based
   compensation plans
701

 
796

Denominator for diluted earnings per common share -
 
 
 
adjusted weighted average shares and assumed conversion
96,071

 
91,628

Net income attributable to Wabtec
      shareholders per common share
 
 
 
Basic
$
1.52

 
$
2.03

Diluted
$
1.52

 
$
2.02

(1) Basic weighted-average common shares outstanding
95,370

 
90,832

Basic weighted-average common shares outstanding and
   non-vested restricted stock expected to vest
95,666

 
91,111

Percentage allocated to common shareholders
99.7
%
 
99.7
%