Acquisitions (Tables)

3 Months Ended

Mar. 29, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated, fair values of the assets acquired and the liabilities assumed as of April 15, 2019 (in thousands):


Receivables	$	5,308
Inventory	7,359
Prepaid and other current assets	566
Property, plant, and equipment	1,328
Intangible assets	28,000
Goodwill	35,012
Deferred income taxes	151
Operating lease right-to-use assets	2,204
Other long-lived assets	2,070
Total assets acquired	$	81,998

Accounts payable	$	4,847
Accrued liabilities	4,325
Long-term deferred tax liability	6,815
Long-term operating lease liability	1,923
Other long-term liabilities	7,152
Total liabilities assumed	$	25,062
Net assets	56,936

Noncontrolling interests	5,195

Net assets attributable to Belden	$	51,741

Schedule of Acquired Intangible Assets

The goodwill is primarily attributable to expansion of product offerings in the optical fiber market. Our tax basis in the acquired goodwill is zero. The intangible assets related to the acquisition consisted of the following:


	Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technologies	$	3,400	5.0
Customer relationships	22,800		15.0
Sales backlog	1,300		0.5
Trademarks	500		2.0
Total intangible assets subject to amortization	$	28,000

Intangible assets not subject to amortization:
Goodwill	$	35,012	n/a
Total intangible assets not subject to amortization	$	35,012

Total intangible assets	$	63,012
Weighted average amortization period			12.9

Schedule of Pro Forma Information

The following table illustrates the unaudited pro forma effect on operating results as if the Opterna acquisition had been completed as of January 1, 2018.


	Three Months Ended
	March 31, 2019

	(In thousands, except per share data)
	(Unaudited)
Revenues	$	508,756
Net income from continuing operations attributable to Belden common stockholders	19,243
Diluted income from continuing operations per share attributable to Belden common stockholders	$	0.49