XML 45 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2018
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
March 31,
In thousands, except per share data
2018
 
2017
Numerator
 
 
 
Numerator for basic and diluted earnings per common
   share - net income attributable
 
 
 
to Wabtec shareholders
$
88,366

 
$
73,889

Less: dividends declared - common shares
   and non-vested restricted stock
(11,531
)
 
(9,572
)
Undistributed earnings
76,835

 
64,317

Percentage allocated to common shareholders (1)
99.7
%
 
99.7
%
 
76,604

 
64,124

Add: dividends declared - common shares
11,497

 
9,542

Numerator for basic and diluted earnings per
   common share
$
88,101

 
$
73,666

Denominator
 
 
 
Denominator for basic earnings per common
   share - weighted average shares
95,810

 
95,243

Effect of dilutive securities:
 
 
 
Assumed conversion of dilutive stock-based
   compensation plans
561

 
748

Denominator for diluted earnings per common share -
 
 
 
adjusted weighted average shares and assumed conversion
96,371

 
95,991

Net income attributable to Wabtec
      shareholders per common share
 
 
 
Basic
$
0.92

 
$
0.77

Diluted
$
0.92

 
$
0.77

(1) Basic weighted-average common shares outstanding
95,810

 
95,243

Basic weighted-average common shares outstanding and
   non-vested restricted stock expected to vest
96,091

 
95,544

Percentage allocated to common shareholders
99.7
%
 
99.7
%