XML 14 R3.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Income Statement [Abstract]    
Revenues $ 587,175 $ 605,565
Cost of sales (362,447) (374,971)
Gross profit 224,728 230,594
Selling, general and administrative expenses (122,788) (124,872)
Research and development expenses (34,154) (37,101)
Amortization of intangibles (23,341) (24,418)
Operating income 44,445 44,203
Interest expense, net (14,193) (16,978)
Non-operating pension benefit (cost) 547 (275)
Loss on debt extinguishment 0 (19,960)
Income before taxes 30,799 6,990
Income tax expense (5,621) (4,420)
Net income 25,178 2,570
Less: Net loss attributable to noncontrolling interest (24) (48)
Net income attributable to Belden 25,202 2,618
Less: Preferred stock dividends 8,733 8,733
Net income (loss) attributable to Belden common stockholders $ 16,469 $ (6,115)
Weighted average number of common shares and equivalents:    
Basic (in shares) 39,420 41,633
Diluted (in shares) 39,660 41,633
Basic income per share attributable to Belden common stockholders (in usd per share) $ 0.42 $ (0.15)
Diluted income (loss) per share attributable to Belden common stockholders $ 0.42 $ (0.15)
Comprehensive income (loss) attributable to Belden $ 54,211 $ (28,790)
Common stock dividends declared per share (in usd per share) $ 0.05 $ 0.05