Quarterly Operating Results (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Operating Results (Unaudited)

Note 24: Quarterly Operating Results (Unaudited)

2015	1st			2nd			3rd			4th			Year
	(In thousands, except days and per share amounts)
Number of days in quarter		88			91			91			95			365
Revenues	$	546,957		$	585,755		$	579,266		$	597,244		$	2,309,222
Gross profit		207,649			234,276			226,131			250,117			918,173
Operating income		4,898			44,143			34,502			57,010			140,553
Income (loss) from continuing operations		(19,636	)		21,677			14,811			49,656			66,508
Loss from discontinued operations, net of tax		—			—			(242	)		—			(242	)
Loss from disposal of discontinued operations, net of tax		—			(86	)		—			—			(86	)
Less: Net loss attributable to noncontrolling interest		—			—			—			(24	)		(24	)
Net income (loss) attributable to Belden stockholders		(19,636	)		21,591			14,569			49,680			66,204
Basic income (loss) per share attributable to Belden stockholders:
Continuing operations	$	(0.46	)	$	0.51		$	0.35		$	1.18		$	1.57
Discontinued operations		—			—			(0.01	)		—			(0.01	)
Disposal of discontinued operations		—			—			—			—			—
Net income	$	(0.46	)	$	0.51		$	0.34		$	1.18		$	1.56
Diluted income (loss) per share attributable to Belden stockholders:
Continuing operations	$	(0.46	)	$	0.50		$	0.35		$	1.17		$	1.55
Discontinued operations		—			—			(0.01	)		—			(0.01	)
Disposal of discontinued operations		—			—			—			—			—
Net income	$	(0.46	)	$	0.50		$	0.34		$	1.17		$	1.54
2014	1st			2nd			3rd			4th			Year
	(In thousands, except days and per share amounts)
Number of days in quarter		89			91			91			94			365
Revenues	$	487,690		$	600,891		$	610,774		$	608,910		$	2,308,265
Gross profit		175,717			204,385			221,732			217,615			819,449
Operating income		49,511			12,326			58,011			43,271			163,119
Income from continuing operations		25,156			15			33,847			15,414			74,432
Income from discontinued operations, net of tax		—			—			—			579			579
Loss from disposal of discontinued operations, net of tax		(562	)		—			—			—			(562	)
Net income attributable to Belden stockholders		24,594			15			33,847			15,993			74,449
Basic income (loss) per share attributable to Belden stockholders:
Continuing operations	$	0.58		$	—		$	0.78		$	0.36		$	1.72
Discontinued operations		—			—			—			0.01			0.01
Disposal of discontinued operations		(0.01	)		—			—			—			(0.01	)
Net income	$	0.57		$	—		$	0.78		$	0.37		$	1.72
Diluted income (loss) per share attributable to Belden stockholders:
Continuing operations	$	0.57		$	—		$	0.77		$	0.35		$	1.69
Discontinued operations		—			—			—			0.01			0.01
Disposal of discontinued operations		(0.01	)		—			—			—			(0.01	)
Net income	$	0.56		$	—		$	0.77		$	0.36		$	1.69

Included in the first, second, third, and fourth quarters of 2015 are severance, restructuring, and integration costs of $14.6 million, $4.9 million, $14.1 million, and $13.6 million, respectively. In addition, the first quarter of 2015 includes $9.2 million of compensation expense related to the accelerated vesting of acquiree stock based compensation awards related to our acquisition of Tripwire.

Included in the first, second, third, and fourth quarters of 2014 are severance, restructuring, and integration costs of $1.4 million, $38.2 million, $9.2 million, and $22.0 million, respectively. The second quarter of 2014 also includes $7.4 million of purchase accounting effects related to acquisitions, primarily the adjustment of acquired inventory to fair value.