Changes in Equity and Noncontrolling Interests

6 Months Ended

Jun. 30, 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 six months ended June 30, 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								267,505									1,636			269,141
Translation adjustments											(14,006		)				(60		)	(14,066		)
Payments to shareholders of noncontrolling interest																	(1,650		)	(1,650		)
Revaluation of forward contract derivatives											456									456
Purchase of treasury stock														(201,020		)				(201,020		)
Retirement of treasury stock	(3	)	(3		)			(201,017		)				201,020						—
Stock options exercised, including tax benefit	1		1			44,706														44,707
Dividends declared								(33,938		)										(33,938		)
Stock-based compensation expense						15,101														15,101
Balance as of June 30, 2012	161		$	161		$	248,973	$	2,135,047		$	(133,607	)	$	—		$	12,943		$	2,263,517

A reconciliation of consolidated changes in equity for the six months ended June 30, 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									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 noncontrolling interests																		(2,268		)	(2,268		)
Purchase of noncontrolling interest						(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