Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 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	$	67,399		$	82,428
Less: dividends declared - common shares    and non-vested restricted stock	(11,518		)	(8,958		)
Undistributed earnings	55,881			73,470
Percentage allocated to common shareholders (1)	99.7		%	99.7		%
	55,713			73,250
Add: dividends declared - common shares	11,485			8,933
Numerator for basic and diluted earnings per    common share	$	67,198		$	82,183
Denominator
Denominator for basic earnings per common    share - weighted average shares	95,709			89,589
Effect of dilutive securities:
Assumed conversion of dilutive stock-based    compensation plans	607			704
Denominator for diluted earnings per common share -
adjusted weighted average shares and assumed conversion	96,316			90,293
Net income attributable to Wabtec       shareholders per common share
Basic	$	0.70		$	0.92
Diluted	$	0.70		$	0.91

(1) Basic weighted-average common shares outstanding	95,709		89,589
Basic weighted-average common shares outstanding and    non-vested restricted stock expected to vest	95,983		89,838
Percentage allocated to common shareholders	99.7	%	99.7	%

	Nine Months Ended September 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	$	213,313		$	267,076
Less: dividends declared - common shares    and non-vested restricted stock	(30,693		)	(23,523		)
Undistributed earnings	182,620			243,553
Percentage allocated to common shareholders (1)	99.4		%	99.7		%
	181,524			242,822
Add: dividends declared - common shares	30,508			23,452
Numerator for basic and diluted earnings per    common share	$	212,032		$	266,274
Denominator
Denominator for basic earnings per common    share - weighted average shares	95,163			90,546
Effect of dilutive securities:
Assumed conversion of dilutive stock-based    compensation plans	645			770
Denominator for diluted earnings per common share -
adjusted weighted average shares and assumed conversion	95,808			91,316
Net income attributable to Wabtec       shareholders per common share
Basic	$	2.23		$	2.94
Diluted	$	2.22		$	2.92

(1) Basic weighted-average common shares outstanding	95,163		90,546
Basic weighted-average common shares outstanding and    non-vested restricted stock expected to vest	95,740		90,819
Percentage allocated to common shareholders	99.4	%	99.7	%