Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Computation of 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 millions, except per share data	2021			2020
Numerator
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders	$	124.8		$	86.8
Less: dividends declared - common shares and non-vested restricted stock	(22.5)			(22.8)
Undistributed earnings	102.3			64.0
Percentage allocated to common shareholders (1)	99.8		%	99.7		%
	102.1			63.8
Add: dividends declared - common shares	22.4			22.8
Numerator for basic earnings per common share	$	124.5		$	86.6
Numerator for diluted earnings per common share	$	124.5		$	86.6
Denominator
Denominator for basic earnings per common share - weighted average shares	188.6			189.8
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	0.3			0.4
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversion	188.9			190.2
Net income attributable to Wabtec shareholders per common share
Basic	$	0.66		$	0.46
Diluted	$	0.66		$	0.46
(1) Basic weighted-average common shares outstanding	188.6			189.8
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	189.0			190.3
Percentage allocated to common shareholders	99.8		%	99.7		%

	Six Months Ended June 30,
In millions, except per share data	2021			2020
Numerator
Numerator for basic and diluted earnings per common share - net income attributable to Wabtec shareholders	$	237.2		$	198.4
Less: dividends declared - common shares and non-vested restricted stock	(45.4)			(45.8)
Undistributed earnings	191.8			152.6
Percentage allocated to common shareholders (1)	99.7		%	99.7		%
	191.2			152.1
Add: dividends declared - common shares	45.3			45.7
Numerator for basic earnings per common share	$	236.5		$	197.8
Numerator for diluted earnings per common share	$	236.5		$	197.8
Denominator
Denominator for basic earnings per common share - weighted average shares	188.5			190.3
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	0.4			0.5
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversion	188.9			190.8
Net income attributable to Wabtec shareholders per common share
Basic	$	1.25		$	1.04
Diluted	$	1.25		$	1.04
(1) Basic weighted-average common shares outstanding	188.5			190.3
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	189.0			190.8
Percentage allocated to common shareholders	99.7		%	99.7		%