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Total Equity
9 Months Ended
Sep. 30, 2012
Stockholders Equity Disclosure [Abstract]  
Stockholders Equity Note Disclosure [Text Block]

Note 7 Total Equity

 

Total equity is comprised of the following (in millions, except per share amounts):

  September 30, December 31,
  2012 2011
Common stock, $.01 par value:     
 Class A - authorized 50.0 shares; issued and outstanding 7.2 and 7.2 shares$ 0.1 $ 0.1
 Class B - authorized 150.0 shares; issued and outstanding 52.1 and 52.0 shares  0.5   0.5
Additional paid-in-capital  75.7   101.8
Retained earnings  1,670.6   1,515.8
Accumulated other comprehensive loss:     
 Pension and post retirement benefit plan adjustment, net of tax  (145.8)   (153.7)
 Cumulative translation adjustment  11.4   2.5
 Unrealized gain on investment, net of tax  0.8   1.0
 Cash flow hedge loss, net of tax  (0.8)   (0.2)
Total Accumulated other comprehensive loss  (134.4)   (150.4)
Hubbell shareholders' equity  1,612.5   1,467.8
Noncontrolling interest  6.1   5.7
Total equity$ 1,618.6 $ 1,473.5

A summary of the changes in equity for the nine months ended September 30, 2012 and 2011 is provided below (in millions):

  Nine Months Ended September 30
  2012 2011
  Hubbell Shareholders' Equity  Noncontrolling interest Total Equity Hubbell Shareholders' Equity  Noncontrolling interest Total Equity
Equity, January 1,$ 1,467.8 $ 5.7 $ 1,473.5 $ 1,459.2 $ 4.3 $ 1,463.5
Total comprehensive income   243.8   1.4   245.2   196.2   1.8   198.0
Stock-based compensation   7.7   -   7.7   7.7   -   7.7
Exercise of stock options   21.4   -   21.4   17.2   -   17.2
Income tax windfall from stock-based awards, net  11.3   -   11.3   4.0   -   4.0
Repurchase/surrender of common shares   (66.7)   -   (66.7)   (139.8)   -   (139.8)
Issuance of shares related to director's deferred compensation  0.2   -   0.2   0.8   -   0.8
Dividends to noncontrolling interest  -   (1.0)   (1.0)   -   (0.7)   (0.7)
Cash dividends declared   (73.0)   -   (73.0)   (68.2)   -   (68.2)
Equity, September 30,$ 1,612.5 $ 6.1 $ 1,618.6 $ 1,477.1 $ 5.4 $ 1,482.5

The detailed components of total comprehensive income are presented in the Condensed Consolidated Statement of Comprehensive Income.