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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data
The table below sets forth summarized quarterly financial data for the years ended December 31, 2017 and 2016 (in millions, except per share amounts):
 
Reported First Quarter

Reported Second Quarter

Reported Third Quarter

Fourth Quarter

2017
 

 

 

 

Net sales
$
852.3

$
948.3

$
950.5

$
917.7

Cost of goods sold
$
590.5

$
653.6

$
643.6

$
629.2

Gross profit
$
261.8

$
294.7

$
306.9

$
288.5

Selling & administrative expenses
$
157.7

$
164.1

$
160.5

$
165.8

Net income (1)
$
63.9

$
80.8

$
82.8

$
22.4

Net Income attributable to Hubbell (1)
$
62.8

$
79.1

$
80.8

$
20.4

Earnings per share — Basic
$
1.13

$
1.44

$
1.47

$
0.37

Earnings per share — Diluted
$
1.13

$
1.43

$
1.47

$
0.37

(1) Net income in the fourth quarter of 2017 includes approximately $57 million, or $1.02 per share, impact associated with the TCJA.

 
Reported First Quarter

Reported Second Quarter

Reported Third Quarter

Fourth Quarter

2016
 

 

 

 

Net sales
$
834.8

$
908.8

$
907.4

$
854.2

Cost of goods sold
$
574.9

$
615.3

$
618.7

$
595.6

Gross profit
$
259.9

$
293.5

$
288.7

$
258.6

Selling & administrative expenses
$
158.0

$
161.4

$
152.7

$
150.8

Net income
$
62.0

$
82.0

$
88.1

$
65.7

Net Income attributable to Hubbell
$
60.9

$
81.0

$
86.7

$
64.4

Earnings per share — Basic
$
1.08

$
1.46

$
1.56

$
1.16

Earnings per share — Diluted
$
1.08

$
1.45

$
1.56

$
1.16