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Changes in Equity and Noncontrolling Interests

6 Months Ended

Jun. 30, 2011

Changes in Equity and Noncontrolling Interests

Changes in Equity and Noncontrolling Interests

Note 7—Changes in Equity and Noncontrolling Interests

Net income attributable to noncontrolling interests is classified below net income (earnings per share is determined after the impact of the noncontrolling interests’ share in net income of the Company). In addition, the liability related to noncontrolling interests is presented as a separate caption within equity.

A reconciliation of consolidated changes in equity for the six months ended June 30, 2011 is as follows:

		Amphenol Corporation Shareholders
													Accum. Other
		Shares					Additional Paid-			Accumulated			Comprehensive			Treasury			Noncontrolling			Total
		(in millions)		Amount			In Capital			Earnings			Loss			Stock			Interests			Equity

Balance as of December 31, 2010		176		$	176		$	144,855		$	2,260,581		$	(84,757	)	$	—		$	21,860		$	2,342,715
Net income										275,709									2,070			277,779
Translation adjustments													42,014						182			42,196
Defined benefit plan liability adjustment, net of tax													222									222
Payments to shareholders of non-controlling interests																			(2,268		)	(2,268		)
Purchase of non-controlling interests							(15,962		)										(8,892		)	(24,854		)
Purchase of treasury stock																(360,998		)				(360,998		)
Retirement of treasury stock		(6	)	(6		)				(360,992		)				360,998						—
Stock options exercised, including tax benefit							26,387															26,387
Dividends declared										(5,156		)										(5,156		)
Stock-based compensation expense							13,381															13,381
Balance as of June 30, 2011		170		$	170		$	168,661		$	2,170,142		$	(42,521	)	$	—		$	12,952		$	2,309,404

A reconciliation of consolidated changes in equity for the six months ended June 30, 2010 is as follows:

		Amphenol Corporation Shareholders
													Accum. Other
		Shares					Additional Paid-			Accumulated			Comprehensive			Noncontrolling			Total
		(in millions)		Amount			In Capital			Earnings			Loss			Interests			Equity

Balance as of December 31, 2009		173		$	174		$	71,368		$	1,774,625		$	(100,090	)	$	16,741		$	1,762,818
Net income										228,024						3,123			231,147
Noncontrolling interest acquired																10,286			10,286
Translation adjustments													(38,719		)	126			(38,593		)
Revaluation of interest rate derivatives													2,073						2,073
Defined benefit plan liability adjustment, net of tax													1,059						1,059
Payments to shareholders of non-controlling interests																(2,421		)	(2,421		)
Stock options exercised, including tax benefit		1					8,236												8,236
Dividends declared										(5,204		)							(5,204		)
Stock-based compensation expense							11,615												11,615
Balance as of June 30, 2010		174		$	174		$	91,219		$	1,997,445		$	(135,677	)	$	27,855		$	1,981,016

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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