Income per Share

3 Months Ended

Mar. 30, 2025

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


	Three Months Ended
	March 30, 2025		March 31, 2024

	(In thousands)
Numerator:
Net income	$	51,937	$	37,309
Less: Net loss attributable to noncontrolling interest	—		(4)



Net income attributable to Belden stockholders	$	51,937	$	37,313
Denominator:
Weighted average shares outstanding, basic	40,166		40,986
Effect of dilutive common stock equivalents	678		505
Weighted average shares outstanding, diluted	40,844		41,491

For the three months ended March 30, 2025, there was an immaterial amount of anti-dilutive shares excluded from diluted weighted average shares outstanding. For the three months ended March 31, 2024, diluted weighted average shares outstanding did not include outstanding equity awards of 0.1 million because they were anti-dilutive.

In addition, for both the three months ended March 30, 2025 and March 31, 2024, diluted weighted average shares outstanding do not include outstanding equity awards of 0.3 million because the related performance conditions have not been satisfied.

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.