Changes in Equity and Noncontrolling Interests

6 Months Ended

Jun. 30, 2014

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 equity attributable to noncontrolling interests is presented as a separate caption within equity.

A rollforward of consolidated changes in equity for the six months ended June 30, 2014 is as follows:

	Amphenol Corporation Shareholders
	Common Stock										Accum. Other
	Shares (in millions)		Amount			Additional Paid- In Capital		Retained Earnings			Comprehensive Loss			Treasury Stock			Noncontrolling Interests			Total Equity
Balance as of December 31, 2013	158		$	158		$	489,930	$	2,424,372		$	(54,951	)	$	—		$	20,563		$	2,880,072
Net income								333,415									2,804			336,219
Other comprehensive income											2,846						(362		)	2,484
Payments to shareholders of noncontrolling interests																	(1,729		)	(1,729		)
Purchase of noncontrolling interest																	(8		)	(8		)
Purchase of treasury stock														(250,159		)				(250,159		)
Retirement of treasury stock	(3	)	(3		)			(250,156		)				250,159						—
Stock options exercised, including tax benefit	2		2			75,247														75,249
Dividends declared								(62,788		)										(62,788		)
Stock-based compensation expense						19,249														19,249
Balance as of June 30, 2014	157		$	157		$	584,426	$	2,444,843		$	(52,105	)	$	—		$	21,268		$	2,998,589

A rollforward of consolidated changes in equity for the six months ended June 30, 2013 is as follows:

	Amphenol Corporation Shareholders
	Common Stock										Accum. Other
	Shares (in millions)		Amount			Additional Paid- In Capital		Retained Earnings			Comprehensive Loss			Treasury Stock			Noncontrolling Interests			Total Equity
Balance as of December 31, 2012	160		$	160		$	336,683	$	2,210,120		$	(117,004	)	$	—		$	12,223		$	2,442,182
Net income								306,995									1,486			308,481
Other comprehensive income											(34,794		)				148			(34,646		)
Payments to shareholders of noncontrolling interest																	(1,736		)	(1,736		)
Purchase of treasury stock														(181,108		)				(181,108		)
Retirement of treasury stock	(2	)	(2		)			(181,106		)				181,108						—
Stock options exercised, including tax benefit	2		2			80,378														80,380
Dividends declared								(33,468		)										(33,468		)
Stock-based compensation expense						17,175														17,175
Balance as of June 30, 2013	160		$	160		$	434,236	$	2,302,541		$	(151,798	)	$	—		$	12,121		$	2,597,260