Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share Disclsoure [Abstract]

8. 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 and nine months ended September 30, 2011 and 2010 (in millions, except per share amounts):

		Three Months Ended				Nine Months Ended
		September 30				September 30
		2011		2010		2011		2010
Numerator:
	Net income attributable to Hubbell	$	82.4	$	71.3	$	197.9	$	167.5
	Less: Earnings allocated to participating securities		0.2		0.3		0.7		0.7
	Net income available to common shareholders		82.2		71.0		197.2		166.8

Denominator:
	Average number of common shares outstanding		59.3		59.8		59.9		59.8
	Potential dilutive shares		0.6		0.4		0.7		0.4
	Average number of diluted shares outstanding		59.9		60.2		60.6		60.2

Earnings per share:
	Basic	$	1.38	$	1.19	$	3.29	$	2.79
	Diluted	$	1.37	$	1.18	$	3.25	$	2.77

Anti-dilutive securities excluded from the calculation of earnings per diluted share:
	Stock options and performance shares		-		0.8		-		0.8
	Stock appreciation rights		-		1.6		-		1.6

The Company did not have any anti-dilutive securities during the three and nine months ended September 30, 2011.