EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

The computation of earnings per share from operations is as follows:


	For the Year Ended December 31,
In millions, except per share data	2019			2018			2017
Numerator
Numerator for basic and diluted earnings per common share - net income attributable
to Wabtec shareholders	$	326.7		$	294.9		$	262.3
Less: dividends declared - common shares and non-vested restricted stock	(80.3)			(46.3)			(42.2)
Undistributed earnings	246.4			248.6			220.1
Percentage allocated to common shareholders (1)	99.7		%	99.7		%	99.7		%
	245.7			247.9			219.4
Add: dividends declared - common shares	80.0			46.3			42.2
Less: dividends declared - preferred shares	(0.4)			—			—
Numerator for basic earnings per common share	$	325.3		$	294.2		$	261.6
Add: dividends declared - preferred shares	0.4			—			—
Numerator for diluted earnings per common share	$	325.7		$	294.2		$	261.6
Denominator
Denominator for basic earnings per common share - weighted average shares	170.5			96.0			95.5
Effect of dilutive securities:
Assumed conversion of preferred shares	6.4			—			—
Assumed conversion of dilutive stock-based compensation plans	0.4			0.5			0.6
Denominator for diluted earnings per common share - adjusted weighted average
shares and assumed conversion	177.3			96.5			96.1
Net income per common share attributable to Wabtec shareholders
Basic	$	1.91		$	3.06		$	2.74
Diluted	$	1.84		$	3.05		$	2.72

(1) Basic weighted-average common shares outstanding	170.5			96.0			95.5
Basic weighted-average common shares outstanding and non-vested restricted
stock expected to vest	171.0			96.3			95.7
Percentage allocated to common shareholders	99.7		%	99.7		%	99.7		%