XML 54 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the estimated, preliminary fair values of the assets acquired and the liabilities assumed as of April 15, 2019 (in thousands):
Receivables
 
$
5,308

Inventory
 
7,470

Prepaid and other current assets
 
566

Property, plant, and equipment
 
1,328

Intangible assets
 
28,000

Goodwill
 
35,007

Deferred income taxes
 
69

Operating lease right-of-use assets
 
2,204

Other long-lived assets
 
2,070

Total assets acquired
 
$
82,022

 
 
 
Accounts payable
 
$
4,847

Accrued liabilities
 
4,346

Long-term deferred tax liability
 
6,817

Long-term operating lease liability
 
1,923

Other long-term liabilities
 
7,153

Total liabilities assumed
 
$
25,086

Net assets
 
$
56,936

 
 
 
Noncontrolling interest
 
5,195

Net assets attributable to Belden
 
$
51,741


Schedule of Acquired Intangible Assets 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
 
$
3,400

 
5
Customer relationships
 
22,800

 
15
Sales backlog
 
1,300

 
0.5
Trademarks
 
500

 
2.0
Total intangible assets subject to amortization
 
$
28,000

 
 
 
 
 
 
 
Intangible assets not subject to amortization:
 
 
 
 
Goodwill
 
$
35,007

 
 
Total intangible assets not subject to amortization
 
$
35,007

 
 
 
 
 
 
 
Total intangible assets
 
$
63,007

 
 
Weighed average amortization period
 
 
 
12.9

Schedule of Pro Forma Information
The following table illustrates the unaudited pro forma effect on operating results as if the Opterna acquisition had been completed January 1, 2018.
 
 
Years Ended December 31,
 
 
2019
 
2018
 
 
(In thousands, except per share data) (Unaudited)
Revenues
 
$
2,139,894

 
$
2,213,781

Net income (loss) attributable to Belden common stockholders
 
(389,957
)
 
123,546

Diluted income (loss) per share attributable to Belden common stockholders
 
$
(9.24
)
 
$
3.02