Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

The table below sets forth summarized quarterly financial data for the years ended December 31, 2015 and 2014 (in millions, except per share amounts):



	Revised First Quarter		Revised Second Quarter		Revised Third Quarter		Fourth Quarter
2015
Net sales	$	809.7	$	874.0	$	877.0	$	829.7
Cost of goods sold	$	557.9	$	590.9	$	587.0	$	562.8
Gross profit	$	251.8	$	283.1	$	290.0	$	266.9
Selling & administrative expenses	$	146.8	$	156.4	$	159.0	$	155.0
Net income	$	63.4	$	81.3	$	74.7	$	62.7
Net Income attributable to Hubbell	$	62.4	$	80.1	$	73.3	$	61.5
Earnings per share — Basic	$	1.07	$	1.39	$	1.27	$	1.06
Earnings per share — Diluted	$	1.07	$	1.37	$	1.27	$	1.06
	Reported First Quarter		Reported Second Quarter		Reported Third Quarter		Fourth Quarter
2014
Net sales	$	759.5	$	855.8	$	895.3	$	848.8
Cost of goods sold	$	514.5	$	563.3	$	599.1	$	573.5
Gross profit	$	245.0	$	292.5	$	296.2	$	275.3
Selling & administrative expenses	$	140.2	$	148.8	$	153.4	$	149.2
Net income	$	65.3	$	90.8	$	90.5	$	80.6
Net Income attributable to Hubbell	$	64.2	$	90.2	$	89.6	$	81.3
Earnings per share — Basic	$	1.08	$	1.53	$	1.52	$	1.39
Earnings per share — Diluted	$	1.08	$	1.51	$	1.51	$	1.38

During the fourth quarter of 2015, the Company identified a misclassification of costs between Cost goods sold and Selling & administrative expenses which occurred during the first, second and third quarters of 2015, which has resulted in management revising its previously reported financial results to correct for such misclassification as detailed in the table above. The impact of the misclassification was to overstate Selling & administrative expenses and understate Cost of goods sold by $0.9 million for the three months ended March 31, 2015, $1.0 million for the three months ended June 30, 2015, $1.9 million for the six months ended June 30, 2015, $1.1 million for the three months ended September 30, 2015 and $3.0 million for the nine months ended September 30, 2015. Accordingly, the originally reported Cost of goods sold of $557.0 million, $589.9 million, $585.9 million, the originally reported Gross profit of $252.7 million, $284.1 million, and $291.1 million, and the originally reported Selling & administrative expenses of $147.7 million, $157.4 million, $160.1 million for the three months ended March 31, June 30, and September 30, 2015, respectively, have been revised to the corrected amounts shown in the table above. Management has concluded that the misclassifications are immaterial to the previously issued quarterly financial statements.