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Capital Stock
 12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]  
Capital Stock Capital Stock
 
Activity in the Company’s common shares outstanding is set forth below for the three years ended December 31, 2020 (in thousands):
 Common Stock
OUTSTANDING AT DECEMBER 31, 201754,882 
Exercise of stock options/stock appreciation rights66 
Director compensation arrangements, net11 
Restricted/performance shares activity, net of forfeitures165 
Acquisition/surrender of shares(409)
OUTSTANDING AT DECEMBER 31, 201854,715 
Exercise of stock appreciation rights84 
Director compensation arrangements, net10 
Restricted/performance shares activity, net of forfeitures39 
Acquisition/surrender of shares(334)
OUTSTANDING AT DECEMBER 31, 201954,514 
Exercise of stock appreciation rights87 
Director compensation arrangements, net9 
Restricted/performance shares activity, net of forfeitures132 
Acquisition/surrender of shares(359)
OUTSTANDING AT DECEMBER 31, 202054,383 
 
For accounting purposes, the Company treats repurchased shares as constructively retired when acquired and accordingly charges the purchase price against Common Stock par value, Additional paid-in capital and Retained earnings to the extent required. Shares may be repurchased through the Company’s stock repurchase program, acquired by the Company from employees or surrendered to the Company by employees in settlement of their minimum tax liability on vesting of restricted shares and performance shares under the Hubbell Incorporated 2005 Incentive Award Plan as amended and restated, (the “Award Plan”).

Shares of the Company’s common stock were reserved at December 31, 2020 as follows (in thousands): 
 Common Stock
 
Future grant of stock-based compensation1,856 
Shares reserved under other equity compensation plans143 
TOTAL1,999