Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated 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	70,654
Deferred income taxes	598
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	$	17,182
Inventory	15,312
Prepaid and other current assets	3,375
Property, plant, and equipment	7,789
Intangible assets	54,100
Goodwill	87,853
Deferred taxes	5,476
Other long-lived assets	2,156
Total assets acquired	$	193,243
Accounts payable	$	11,927
Accrued liabilities	21,614
Deferred revenue	3,924
Long-term debt	19,315
Postretirement benefits	31,343
Other long-term liabilities	591
Total liabilities assumed	$	88,714
Net assets	$	104,529

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	$	70,654	n/a
Total intangible assets not subject to amortization	$	70,654
Total intangible assets	$	144,054
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	$	38,100	5.0
Customer relationships	12,300		12.0
Sales backlog	2,000		0.3
Trademarks	1,700		0.9
Total intangible assets subject to amortization	$	54,100
Intangible assets not subject to amortization:
Goodwill	$	87,853	n/a
Total intangible assets not subject to amortization	$	87,853
Total intangible assets	$	141,953
Weighted average amortization period			6.3 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			Nine Months Ended
	October 1, 2017			October 1, 2017
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	621,745		$	1,792,614
Net income (loss) attributable to Belden common stockholders	(5,128		)	37,097
Diluted income (loss) per share attributable to Belden common stockholders	$	(0.12	)	$	0.87

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					Nine Months Ended
	September 30, 2018		October 1, 2017			September 30, 2018		October 1, 2017
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	659,003	$	644,017		$	1,944,628	$	1,857,885
Net income (loss) attributable to Belden common stockholders	92,769		(24,050		)	126,937		(19,056		)
Diluted income (loss) per share attributable to Belden common stockholders	$	2.13	$	(0.57	)	$	3.08	$	(0.45	)