XML 15 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 424,811 $ 548,352 $ 888,337 $ 1,048,492
Cost of sales (274,871) (343,280) (567,896) (656,564)
Gross profit 149,940 205,072 320,441 391,928
Selling, general and administrative expenses (91,703) (102,454) (190,092) (200,409)
Research and development expenses (25,090) (24,775) (51,309) (48,022)
Amortization of intangibles (16,017) (19,068) (32,202) (37,232)
Operating income 17,130 58,775 46,838 106,265
Interest expense, net (14,257) (13,961) (27,581) (27,949)
Non-operating pension benefit 700 537 1,399 1,140
Income from continuing operations before taxes 3,573 45,351 20,656 79,456
Income tax expense (400) (3,956) (2,592) (10,126)
Income from continuing operations 3,173 41,395 18,064 69,330
Income (loss) from discontinued operations, net of tax (71,054) 895 (97,164) (1,862)
Net income (loss) (67,881) 42,290 (79,100) 67,468
Less: Net income (loss) attributable to noncontrolling interest 24 90 (6) 66
Net income (loss) attributable to Belden (67,905) 42,200 (79,094) 67,402
Less: Preferred stock dividends 0 8,733 0 17,466
Net income (loss) attributable to Belden common stockholders $ (67,905) $ 33,467 $ (79,094) $ 49,936
Weighted average number of common shares and equivalents:        
Basic 44,557 39,389 44,969 39,405
Diluted 44,665 39,611 45,097 39,635
Basic income (loss) per share attributable to Belden common stockholders:        
Continuing operations attributable to Belden common stockholders $ 0.07 $ 0.83 $ 0.40 $ 1.31
Discontinued operations attributable to Belden common stockholders (1.59) 0.02 (2.16) (0.05)
Net income (loss) per share attributable to Belden common stockholders (1.52) 0.85 (1.76) 1.27
Diluted income (loss) per share attributable to Belden common stockholders:        
Continuing operations attributable to Belden common stockholders 0.07 0.82 0.40 1.31
Discontinued operations attributable to Belden common stockholders (1.59) 0.02 (2.16) (0.05)
Net income (loss) per share attributable to Belden common stockholders $ (1.52) $ 0.84 $ (1.76) $ 1.26
Comprehensive income (loss) attributable to Belden $ (112,351) $ 25,507 $ (101,217) $ 79,718
Common stock dividends declared per share $ 0.05 $ 0.05 $ 0.10 $ 0.10