Income per Share

3 Months Ended

Apr. 03, 2016

Note 4: Income per Share

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


	Three Months Ended
	April 3, 2016		March 29, 2015
	(In thousands)

Numerator:
Net income (loss)	$	16,425	$	(19,636)
Less: Net loss attributable to noncontrolling interest		(99)		-

Net income (loss) attributable to Belden stockholders	$	16,524	$	(19,636)


Denominator:
Weighted average shares outstanding, basic		42,008		42,535
Effect of dilutive common stock equivalents		432		-

Weighted average shares outstanding, diluted		42,440		42,535

For the three months ended April 3, 2016 and March 29, 2015, diluted weighted average shares outstanding do not include outstanding equity awards of 0.8 million and 0.9 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.