Acquisitions (Tables)

6 Months Ended

Jul. 02, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed as of May 31, 2017 (in thousands):



Cash	$	5,327
Receivables	4,355
Inventory	17,291
Prepaid and other current assets	405
Property, plant, and equipment	4,289
Intangible assets	86,250
Goodwill	57,513
Total assets acquired	$	175,430

Accounts payable	$	1,231
Accrued liabilities	1,353
Deferred revenue	1,574
Total liabilities assumed	$	4,158

Net assets	$	171,272

Schedule of Acquired Intangible Assets

The intangible assets related to the acquisition consisted of the following:



	Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technologies	$	60,000	5.0
Customer relationships	20,000		15.0
Trademarks	3,750		10.0
Sales backlog	2,500		0.3
Total intangible assets subject to amortization	$	86,250

Intangible assets not subject to amortization:
Goodwill	$	57,513	n/a
Total intangible assets not subject to amortization	$	57,513

Total intangible assets	$	143,763
Weighted average amortization period			7.4

Schedule of Pro Forma Information

The following table illustrates the unaudited pro forma effect on operating results as if the Thinklogical acquisition had been completed as of January 1, 2016.



	Three Months Ended				Six Months Ended
	July 2, 2017		July 3, 2016		July 2, 2017		July 3, 2016

	(In thousands, except per share data)
	(Unaudited)
Revenues	$	615,109	$	608,517	$	1,170,745	$	1,155,428
Net income attributable to Belden common stockholders	28,250		38,194		41,130		47,520
Diluted income per share attributable to Belden common stockholders	$	0.66	$	0.90	$	0.96	$	1.12