Changes in Equity and Noncontrolling Interests

3 Months Ended

Mar. 31, 2012

Changes in Equity and Noncontrolling Interests

Changes in Equity and Noncontrolling Interests

Note 5—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 three months ended March 31, 2012 is as follows:

	Amphenol Corporation Shareholders
	Common Stock										Accum. Other
	Shares (in millions)		Amount			Additional Paid- In Capital		Accumulated Earnings			Comprehensive Loss			Treasury Stock			Noncontrolling Interests		Total Equity
Balance as of December 31, 2011	163		$	163		$	189,166	$	2,102,497		$	(120,057	)	$	—		$	13,017	$	2,184,786
Net income								126,563									685		127,248
Translation adjustments											16,148						16		16,164
Revaluation of forward contract derivatives											262								262
Purchase of treasury stock														(81,885		)			(81,885		)
Retirement of treasury stock	(1	)	(1		)			(81,884		)				81,885					—
Stock options exercised, including tax benefit	1		1			27,700													27,701
Dividends declared								(17,049		)									(17,049		)
Stock-based compensation expense						7,491													7,491
Balance as of March 31, 2012	163		$	163		$	224,357	$	2,130,127		$	(103,647	)	$	—		$	13,718	$	2,264,718

A reconciliation of consolidated changes in equity for the three months ended March 31, 2011 is as follows:

	Amphenol Corporation Shareholders
	Common Stock								Accum. Other
	Shares(in millions)	Amount		Additional Paid- In Capital		Accumulated Earnings			Comprehensive Loss			Treasury Stock			Noncontrolling Interests			Total Equity
Balance as of December 31, 2010	176	$	176	$	144,855	$	2,260,581		$	(84,757	)	$	—		$	21,860		$	2,342,715
Net income						127,958									927			128,885
Translation adjustments									23,453						42			23,495
Defined benefit plan liability adjustment, net of tax									222									222
Payments to shareholders of non-controlling interests															(496		)	(496		)
Purchase of treasury stock												(188,503		)				(188,503		)
Stock options exercised, including tax benefit				16,483														16,483
Dividends declared						(2,642		)										(2,642		)
Stock-based compensation expense				6,320														6,320
Balance as of March 31, 2011	176	$	176	$	167,658	$	2,385,897		$	(61,082	)	$	(188,503	)	$	22,333		$	2,326,479