XML 22 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Revenues $ 2,388,643 $ 2,356,672 $ 2,309,222
Cost of sales (1,454,604) (1,375,678) (1,391,049)
Gross profit 934,039 980,994 918,173
Selling, general and administrative expenses (461,022) (494,224) (525,518)
Research and development (134,330) (140,601) (148,311)
Amortization of intangibles (103,997) (98,385) (103,791)
Impairment of assets held for sale 0 (23,931) 0
Operating income 234,690 223,853 140,553
Interest expense, net (82,901) (95,050) (100,613)
Loss on debt extinguishment (52,441) (2,342) 0
Income from continuing operations before taxes 99,348 126,461 39,940
Income tax benefit (expense) (6,495) 1,185 26,568
Income from continuing operations 92,853 127,646 66,508
Loss from discontinued operations, net of tax 0 0 (242)
Loss from disposal of discontinued operations, net of tax 0 0 (86)
Net income 92,853 127,646 66,180
Less: Net loss attributable to noncontrolling interest (357) (357) (24)
Net income attributable to Belden 93,210 128,003 66,204
Less: Preferred stock dividends 34,931 15,428 0
Net income attributable to Belden common stockholders $ 58,279 $ 112,575 $ 66,204
Weighted average number of common shares and equivalents:      
Basic (in shares) 42,220 42,093 42,390
Diluted (in shares) 42,643 42,557 42,953
Basic income (loss) per share attributable to Belden common stockholders:      
Continuing operations (in usd per share) $ 1.38 $ 2.67 $ 1.57
Discontinued operations (in usd per share) 0.00 0.00 (0.01)
Net income (in usd per share) 1.38 2.67 1.56
Diluted income (loss) per share attributable to Belden common stockholders:      
Continuing operations (in usd per share) 1.37 2.65 1.55
Discontinued operations (in usd per share) 0.00 0.00 (0.01)
Net income (in usd per share) $ 1.37 $ 2.65 $ 1.54