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Quarterly Operating Results (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Operating Results (Unaudited) | Quarterly Operating Results (Unaudited) Our quarterly operating results summarized below are for continuing operations, and have been recast to exclude the results of our disposal group.
2019 | 1st |  | 2nd |  | 3rd |  | 4th |  | Year
| (In thousands, except days and per share amounts)
Number of days in quarter | 90 |  |  | 91 |  |  | 91 |  |  | 93 |  |  | 365 |
Revenues | $ | 500,140 |  |  | $ | 548,352 |  |  | $ | 533,098 |  |  | $ | 549,688 |  |  | $ | 2,131,278 |
Gross profit | 186,856 |  |  | 205,072 |  |  | 198,805 |  |  | 202,772 |  |  | 793,505 |
Operating income | 47,490 |  |  | 58,775 |  |  | 57,542 |  |  | 43,400 |  |  | 207,207 |
Income from continuing operations | 27,935 |  |  | 41,395 |  |  | 38,031 |  |  | 2,530 |  |  | 109,891 |
Income (loss) from discontinued operations, net of tax | (2,757 | ) |  | 895 |  |  | (335,046 | ) |  | (149,759 | ) |  | (486,667 | )
Net income (loss) | 25,178 |  |  | 42,290 |  |  | (297,015 | ) |  | (147,229 | ) |  | (376,776 | )
Less: Net incomce (loss) attributable to noncontrolling interest | (24 | ) |  | 90 |  |  | (6 | ) |  | 179 |  |  | 239 |
Net income (loss) attributable to Belden | 25,202 |  |  | 42,200 |  |  | (297,009 | ) |  | (147,408 | ) |  | (377,015 | )
Less: Preferred stock dividends | 8,733 |  |  | 8,733 |  |  | 971 |  |  | — |  |  | 18,437 |
Net income (loss) attributable to Belden common stockholders | 16,469 |  |  | 33,467 |  |  | (297,980 | ) |  | (147,408 | ) |  | (395,452 | )
Basic income (loss) per share attributable to Belden common stockholders: |  |  |  |  |  |  |  |  |
Continuing operations attributable to Belden common stockholders | $ | 0.48 |  |  | $ | 0.82 |  |  | $ | 0.83 |  |  | $ | 0.05 |  |  | $ | 2.16 |
Discontinued operations attributable to Belden common stockholders | (0.07 | ) |  | 0.02 |  |  | (7.54 | ) |  | (3.29 | ) |  | (11.53 | )
Net income (loss) attributable to Belden common stockholders | $ | 0.42 |  |  | $ | 0.84 |  |  | $ | (6.70 | ) |  | $ | (3.24 | ) |  | $ | (9.37 | )
Diluted income (loss) per share attributable to Belden stockholders: |  |  |  |  |  |  |  |  |
Continuing operations attributable to Belden common stockholders | $ | 0.48 |  |  | $ | 0.82 |  |  | $ | 0.83 |  |  | $ | 0.05 |  |  | $ | 2.15 |
Discontinued operations attributable to Belden common stockholders | (0.07 | ) |  | 0.02 |  |  | (7.54 | ) |  | (3.29 | ) |  | (11.53 | )
Net income (loss) attributable to Belden common stockholders | $ | 0.42 |  |  | $ | 0.84 |  |  | $ | (6.70 | ) |  | $ | (3.24 | ) |  | $ | (9.37 | )
Included in income from continuing operations in the first, second, third, and fourth quarters of 2019 are severance, restructuring, and integration costs of $0.0 million, $2.5 million, $3.0 million, and $21.0 million, respectively.
2018 | 1st |  | 2nd |  | 3rd |  | 4th |  | Year
| (In thousands, except days and per share amounts)
Number of days in quarter | 91 |  |  | 91 |  |  | 91 |  |  | 92 |  |  | 365 |
Revenues | $ | 498,715 |  |  | $ | 560,898 |  |  | $ | 554,037 |  |  | $ | 552,052 |  |  | $ | 2,165,702 |
Gross profit | 186,359 |  |  | 212,057 |  |  | 214,501 |  |  | 216,994 |  |  | 829,911 |
Operating income | 44,878 |  |  | 68,706 |  |  | 129,160 |  |  | 71,264 |  |  | 314,008 |
Income from continuing operations | 3,855 |  |  | 40,278 |  |  | 87,046 |  |  | 35,965 |  |  | 167,144 |
Income (loss) from discontinued operations, net of tax | (1,285 | ) |  | (11,486 | ) |  | (1,188 | ) |  | 7,526 |  |  | (6,433 | )
Net income | 2,570 |  |  | 28,792 |  |  | 85,858 |  |  | 43,491 |  |  | 160,711 |
Less: Net loss attributable to noncontrolling interest | (48 | ) |  | (77 | ) |  | (23 | ) |  | (35 | ) |  | (183 | )
Net income attributable to Belden | 2,618 |  |  | 28,869 |  |  | 85,881 |  |  | 43,526 |  |  | 160,894 |
Less: Preferred stock dividends | 8,733 |  |  | 8,733 |  |  | 8,732 |  |  | 8,733 |  |  | 34,931 |
Net income (loss) attributable to Belden common stockholders | (6,115 | ) |  | 20,136 |  |  | 77,149 |  |  | 34,793 |  |  | 125,963 |
Basic income (loss) per share attributable to Belden common stockholders: |  |  |  |  |  |  |  |  |
Continuing operations attributable to Belden common stockholders | $ | (0.12 | ) |  | $ | 0.77 |  |  | $ | 1.64 |  |  | $ | 0.68 |  |  | $ | 3.25 |
Discontinued operations attributable to Belden common stockholders | (0.03 | ) |  | (0.28 | ) |  | (0.03 | ) |  | 0.19 |  |  | (0.16 | )
Net income (loss) attributable to Belden common stockholders | $ | (0.15 | ) |  | $ | 0.49 |  |  | $ | 1.90 |  |  | $ | 0.87 |  |  | $ | 3.10 |
Diluted income (loss) per share attributable to Belden stockholders: |  |  |  |  |  |  |  |  |
Continuing operations attributable to Belden common stockholders | $ | (0.12 | ) |  | $ | 0.77 |  |  | $ | 1.64 |  |  | $ | 0.68 |  |  | $ | 3.23 |
Discontinued operations attributable to Belden common stockholders | (0.03 | ) |  | (0.28 | ) |  | (0.03 | ) |  | 0.19 |  |  | (0.16 | )
Net income (loss) attributable to Belden common stockholders | $ | (0.15 | ) |  | $ | 0.49 |  |  | $ | 1.62 |  |  | $ | 0.87 |  |  | $ | 3.08 |
Included in income from continuing operations in the first, second, third, and fourth quarters of 2018 are severance, restructuring, and integration costs of $11.2 million, $4.6 million, $4.6 million, and $2.2 million, respectively.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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