Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share Disclosure [Abstract]

Earnings Per Share [Text Block]

Note 18— 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 thethree years ended December 31(in millions, except per share amounts):

		2011		2010		2009
Numerator:
	Net income attributable to Hubbell	$	267.9	$	217.2	$	180.1
	Less: Earnings allocated to participating securities		1.0		0.9		0.8
	Net income available to common shareholders	$	266.9	$	216.3	$	179.3
Denominator:
	Average number of common shares outstanding		59.7		59.9		56.8
	Potential dilutive shares		0.7		0.4		0.2
	Average number of diluted shares outstanding		60.4		60.3		57.0
Earnings per share:
	Basic	$	4.47	$	3.61	$	3.16
	Diluted	$	4.42	$	3.59	$	3.15
Anti-dilutive securities excluded from the calculation of earnings per diluted share:
	Stock options and performance shares		-		-		1.5
	Stock appreciation rights		-		1.6		2.3

The Company did not have any anti-dilutive securities in 2011. Additionally, there were no anti-dilutive stock options or performance shares in 2010.