Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

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 years ended December 31 (in millions, except per share amounts):

	2019			2018			2017
Numerator:
Net income attributable to Hubbell	$	400.9		$	360.2		$	243.1
Less: Earnings allocated to participating securities	(1.5		)	(1.3		)	(0.8		)
Net income available to common shareholders	$	399.4		$	358.9		$	242.3
Denominator:
Average number of common shares outstanding	54.4			54.6			54.8
Potential dilutive shares	0.3			0.3			0.3
Average number of diluted shares outstanding	54.7			54.9			55.1
Earnings per share:
Basic	$	7.35		$	6.57		$	4.42
Diluted	$	7.31		$	6.54		$	4.39

The Company did not have any significant anti-dilutive securities in 2019, 2018 or 2017.