Income per Share

6 Months Ended

Jul. 03, 2016

Note 4: Income per Share

The following table presents the basis for the income per share computations:


	Three Months Ended				Six Months Ended
	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
	(In thousands)
Numerator:
Income from continuing operations	$	41,750	$	21,677	$	58,175	$	2,041
Less: Net loss attributable to noncontrolling interest		(99)		-		(198)		-

Income from continuing operations attributable to Belden stockholders		41,849		21,677		58,373		2,041
Loss from disposal of discontinued operations, net of tax, attributable to Belden stockholders		-		(86)		-		(86)

Net income attributable to Belden stockholders	$	41,849	$	21,591	$	58,373	$	1,955


Denominator:
Weighted average shares outstanding, basic		42,085		42,655		42,046		42,596
Effect of dilutive common stock equivalents		463		578		447		628


Weighted average shares outstanding, diluted		42,548		43,233		42,493		43,224

For the three and six months ended July 3, 2016, diluted weighted average shares outstanding do not include outstanding equity awards of 0.7 million and 0.6 million, because to do so would have been anti-dilutive. For the three and six months ended June 28, 2015, diluted weighted average shares outstanding do not include outstanding equity awards of 0.3 million and 0.3 million, respectively, because to do so would have been anti-dilutive.

For purposes of calculating basic earnings per share, unvested restricted stock units are not included in the calculation of basic weighted average shares outstanding until all necessary conditions have been satisfied and issuance of the shares underlying the restricted stock units is no longer contingent. Necessary conditions are not satisfied until the vesting date, at which time holders of our restricted stock units receive shares of our common stock.

For purposes of calculating diluted earnings per share, unvested restricted stock units are included to the extent that they are dilutive. In determining whether unvested restricted stock units are dilutive, each issuance of restricted stock units is considered separately.

Once a restricted stock unit has vested, it is included in the calculation of both basic and diluted weighted average shares outstanding.