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Earnings Per Share
3 Months Ended
Mar. 31, 2013
Earnings Per Share Disclosure [Abstract]  
Earnings Per Share [Text Block]

Note 9 Earnings Per Share

 

The Company computes earnings per share using the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends.

 

The following table sets forth the computation of earnings per share for the three months ended March 31, 2013 and 2012 (in millions, except per share amounts):

 

  Three Months Ended
  March 31
  2013 2012
Numerator:     
 Net income attributable to Hubbell$ 65.9 $ 63.2
 Less: Earnings allocated to participating securities  0.2   0.2
 Net income available to common shareholders$ 65.7 $ 63.0
       
Denominator:     
 Average number of common shares outstanding  59.1   59.2
 Potential dilutive shares  0.5   0.7
 Average number of diluted shares outstanding  59.6   59.9
       
Earnings per share:     
 Basic$ 1.11 $ 1.06
 Diluted$ 1.10 $ 1.05

 

The Company did not have any anti-dilutive securities during the three months ended March 31, 2013 and 2012.