XML 15 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Income Statement [Abstract]        
Revenues $ 637,530 $ 668,639 $ 1,224,705 $ 1,274,204
Cost of sales (396,507) (411,043) (758,954) (786,014)
Gross profit 241,023 257,596 465,751 488,190
Selling, general and administrative expenses (122,482) (138,842) (245,270) (263,714)
Research and development expenses (35,034) (37,209) (69,188) (74,310)
Amortization of intangibles (22,368) (25,039) (45,709) (49,457)
Operating income 61,139 56,506 105,584 100,709
Interest expense, net (14,168) (15,088) (28,361) (32,066)
Non-operating pension benefit (cost) 481 (257) 1,028 (532)
Loss on debt extinguishment 0 (3,030) 0 (22,990)
Income before taxes 47,452 38,131 78,251 45,121
Income tax expense (5,162) (9,339) (10,783) (13,759)
Net income 42,290 28,792 67,468 31,362
Less: Net income (loss) attributable to noncontrolling interests 90 (77) 66 (125)
Net income attributable to Belden 42,200 28,869 67,402 31,487
Less: Preferred stock dividends 8,733 8,733 17,466 17,466
Net income attributable to Belden common stockholders $ 33,467 $ 20,136 $ 49,936 $ 14,021
Weighted average number of common shares and equivalents:        
Basic (in shares) 39,389 40,735 39,405 41,184
Diluted (in shares) 39,611 40,974 39,635 41,492
Basic income per share attributable to Belden common stockholders (in usd per share) $ 0.85 $ 0.49 $ 1.27 $ 0.34
Diluted income per share attributable to Belden common stockholders (in usd per share) $ 0.84 $ 0.49 $ 1.26 $ 0.34
Comprehensive income attributable to Belden $ 25,507 $ 89,897 $ 79,718 $ 61,107
Common stock dividends declared per share (in usd per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10