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Quarterly Operating Results (Unaudited) | 12 Months Ended
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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.

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