Income per Share

9 Months Ended

Oct. 02, 2016

The following table presents the basis for the income per share computations:



	Three Months Ended						Nine Months Ended
	October 2, 2016			September 27, 2015			October 2, 2016			September 27, 2015

	(In thousands)
Numerator:
Income from continuing operations	$	35,565		$	14,811		$	93,740		$	16,852
Less: Net loss attributable to noncontrolling interest	(88		)	—			(286		)	—
Less: Preferred stock dividends	6,695			—			6,695			—
Income from continuing operations attributable to Belden common stockholders	28,958			14,811			87,331			16,852
Loss from discontinued operations, net of tax, attributable to Belden common stockholders	—			(242		)	—			(242		)
Loss from disposal of discontinued operations, net of tax, attributable to Belden common stockholders	—			—			—			(86		)
Net income attributable to Belden common stockholders	$	28,958		$	14,569		$	87,331		$	16,524
Denominator:
Weighted average shares outstanding, basic	42,126			42,417			42,073			42,536
Effect of dilutive common stock equivalents	475			491			459			581
Weighted average shares outstanding, diluted	42,601			42,908			42,532			43,117

For the three and nine months ended October 2, 2016, diluted weighted average shares outstanding do not include outstanding equity awards of 0.2 million and 0.5 million, respectively, and also do not include preferred shares that are convertible into 5.2 million and 1.7 million common shares, respectively, because to do so would have been anti-dilutive. For the three and nine months ended September 27, 2015, diluted weighted average shares outstanding do not include outstanding equity awards of 0.5 million and 0.3 million, respectively, because to do so would have been anti-dilutive.

For purposes of calculating basic earnings per share, unvested restricted stock units are not included in the calculation of basic weighted average shares outstanding until all necessary conditions have been satisfied and issuance of the shares underlying the restricted stock units is no longer contingent. Necessary conditions are not satisfied until the vesting date, at which time holders of our restricted stock units receive shares of our common stock.

For purposes of calculating diluted earnings per share, unvested restricted stock units are included to the extent that they are dilutive. In determining whether unvested restricted stock units are dilutive, each issuance of restricted stock units is considered separately.

Once a restricted stock unit has vested, it is included in the calculation of both basic and diluted weighted average shares outstanding.