EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

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 millions, except per share data	2022		2021
Numerator
Net income attributable to Wabtec shareholders	$	149	$	112
Denominator
Weighted average shares outstanding - basic	184.5		188.5
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	0.5		0.4
Weighted average shares outstanding - diluted	185.0		188.9
Net income attributable to Wabtec shareholders per common share
Basic	$	0.80	$	0.59
Diluted	$	0.80	$	0.59

Approximately 0.3 million outstanding shares of stock options for the three months ended March 31, 2021 were not included in the computation of quarterly diluted earnings per share because their exercise price exceeded the average market price of the Company's common stock.