Acquisitions (Tables)

12 Months Ended

Dec. 31, 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 February 8, 2018 (in thousands):

Receivables	$	16,551
Inventory	15,084
Prepaid and other current assets	3,799
Property, plant, and equipment	7,716
Intangible assets	51,000
Goodwill	102,715
Deferred income taxes	1,388
Other long-lived assets	3,046
Total assets acquired	$	201,299
Accounts payable	$	11,825
Accrued liabilities	24,405
Deferred revenue	8,860
Long-term debt	19,315
Postretirement benefits	31,774
Other long-term liabilities	591
Total liabilities assumed	$	96,770
Net assets	$	104,529

The following table summarizes the estimated fair values 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

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	$	36,500	5.0
Customer relationships	11,000		12.0
Sales backlog	1,900		0.3
Trademarks	1,600		0.9
Total intangible assets subject to amortization	$	51,000
Intangible assets not subject to amortization:
Goodwill	$	102,715	n/a
Total intangible assets not subject to amortization	$	102,715
Total intangible assets	$	153,715
Weighted average amortization period			6.2 years

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

	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 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.

	Years Ended December 31,
	2017		2016
	(In thousands, except per share data) (Unaudited)
Revenues	$	2,399,715	$	2,407,830
Net income attributable to Belden common stockholders	60,690		113,014
Diluted income per share attributable to Belden common stockholders	$	1.42	$	2.66

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.

	Years Ended December 31,
	2018		2017
	(In thousands, except per share data) (Unaudited)
Revenues	$	2,598,741	$	2,500,779
Net income (loss) attributable to Belden common stockholders	168,819		(8,581		)
Diluted income (loss) per share attributable to Belden common stockholders	$	4.12	$	(0.20	)