XML 56 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share Disclosure [Abstract]  
Earnings Per Share [Text Block]

Note 10 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. Service-based and performance-based restricted stock granted by the Company is considered a participating security as these awards contain a non-forfeitable right to dividends.

 

The following table sets forth the computation of earnings per share for the three and six months ended June 30, 2014 and 2013 (in millions, except per share amounts):

 

  Three Months Ended  Six Months Ended
  June 30 June 30
  2014 2013 2014 2013
Numerator:           
 Net income attributable to Hubbell$ 90.2 $ 82.1 $ 154.4 $ 148.0
 Less: Earnings allocated to participating securities  0.3   0.3   0.5   0.5
 Net income available to common shareholders$ 89.9 $ 81.8 $ 153.9 $ 147.5
             
Denominator:           
 Average number of common shares outstanding  59.0   59.1   59.0   59.1
 Potential dilutive shares  0.4   0.5   0.5   0.5
 Average number of diluted shares outstanding  59.4   59.6   59.5   59.6
             
Earnings per share:           
 Basic$ 1.53 $ 1.38 $ 2.61 $ 2.49
 Diluted$ 1.51 $ 1.37 $ 2.59 $ 2.47

 

The Company did not have any significant anti-dilutive securities during the three and six months ended June 30, 2014 and 2013.