Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 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	$	130.6		$	128.1
Less: dividends declared - common shares and non-vested restricted stock	(22.6)			(22.8)
Undistributed earnings	108.0			105.3
Percentage allocated to common shareholders (1)	99.8		%	99.8		%
	107.8			105.1
Add: dividends declared - common shares	22.6			22.8
Numerator for basic earnings per common share	$	130.4		$	127.9
Numerator for diluted earnings per common share	$	130.4		$	127.9
Denominator
Denominator for basic earnings per common share - weighted average shares	187.6			189.8
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	0.4			0.4
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversion	188.0			190.2
Net income attributable to Wabtec shareholders per common share
Basic	$	0.69		$	0.67
Diluted	$	0.69		$	0.67
(1) Basic weighted-average common shares outstanding	187.6			189.8
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	188.0			190.3
Percentage allocated to common shareholders	99.8		%	99.8		%

	Nine Months Ended September 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	$	367.8		$	326.5
Less: dividends declared - common shares and non-vested restricted stock	(68.0)			(68.7)
Undistributed earnings	299.8			257.8
Percentage allocated to common shareholders (1)	99.8		%	99.7		%
	299.2			257.0
Add: dividends declared - common shares	67.9			68.5
Numerator for basic earnings per common share	$	367.1		$	325.5
Numerator for diluted earnings per common share	$	367.1		$	325.5
Denominator
Denominator for basic earnings per common share - weighted average shares	188.2			190.1
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	188.6			190.6
Net income attributable to Wabtec shareholders per common share
Basic	$	1.95		$	1.71
Diluted	$	1.95		$	1.71
(1) Basic weighted-average common shares outstanding	188.2			190.1
Basic weighted-average common shares outstanding and non-vested restricted stock expected to vest	188.6			190.6
Percentage allocated to common shareholders	99.8		%	99.7		%