Acquisitions (Tables)

3 Months Ended

Apr. 01, 2018

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated, preliminary fair value of the assets acquired and the liabilities assumed as of May 31, 2017 (in thousands):

Receivables	4,355
Inventory	16,424
Prepaid and other current assets	320
Property, plant, and equipment	4,289
Intangible assets	73,400
Goodwill	71,252
Total assets acquired	$	170,040
Accounts payable	$	1,231
Accrued liabilities	1,353
Deferred revenue	1,702
Total liabilities assumed	$	4,286
Net assets	$	165,754

The following table summarizes the estimated, preliminary fair value of the assets acquired and the liabilities assumed as of February 8, 2018 (in thousands):

Receivables	$	19,900
Inventory	17,605
Prepaid and other current assets	2,339
Property, plant, and equipment	9,212
Intangible assets	44,750
Goodwill	92,263
Deferred taxes	5,476
Other long-lived assets	4,306
Total assets acquired	$	195,851
Accounts payable	$	11,927
Accrued liabilities	17,960
Deferred revenue	4,000
Long-term debt	19,305
Postretirement benefits	49,131
Other long-term liabilities	591
Total liabilities assumed	$	102,914
Net assets	$	92,937

Schedule of Acquired Intangible Assets

The intangible assets related to the acquisition consisted of the following:

	Preliminary Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technologies	$	62,600	10.0
Customer relationships	6,500		8.0
Trademarks	2,900		10.0
Sales backlog	1,400		0.3
Total intangible assets subject to amortization	$	73,400
Intangible assets not subject to amortization:
Goodwill	$	71,252	n/a
Total intangible assets not subject to amortization	$	71,252
Total intangible assets	$	144,652
Weighted average amortization period			9.6

The intangible assets related to the acquisition consisted of the following:

	Preliminary Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technologies	$	32,500	5.0
Customer relationships	9,000		12.0
Sales backlog	1,750		0.3
Trademarks	1,500		2.0
Total intangible assets subject to amortization	$	44,750
Intangible assets not subject to amortization:
Goodwill	$	92,263	n/a
Total intangible assets not subject to amortization	$	92,263
Total intangible assets	$	137,013
Weighted average amortization period			6.1 years

Schedule of Pro Forma Information

The following table illustrates the unaudited pro forma effect on operating results as if the Thinklogical acquisition had been completed as of January 1, 2016.

	Three Months Ended
	April 2, 2017
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	555,636
Net income attributable to Belden common stockholders	12,880
Diluted income per share attributable to Belden common stockholders	$	0.30

The following table illustrates the unaudited pro forma effect on operating results as if the SAM acquisition had been completed as of January 1, 2017.

	Three Months Ended
	April 1, 2018			April 2, 2017
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	614,184		$	579,371
Net income (loss) attributable to Belden common stockholders	(1,072		)	979
Diluted income (loss) per share attributable to Belden common stockholders	$	(0.03	)	$	0.02