Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value of Assets Acquired and Liabilities Assumed

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



Cash	$	5,376
Receivables	4,355
Inventory	16,424
Prepaid and other current assets	320
Property, plant, and equipment	4,289
Goodwill	71,394
Intangible assets	73,400
Total assets	175,558
Accounts payable	1,231
Accrued liabilities	1,353
Deferred revenue	1,702
Total liabilities	4,286
Net assets	$	171,272

Intangible Assets Related to Acquisition

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	$	62,600	10.0
Customer relationships	6,500		8.0
Trademarks	2,900		10.0
Sales backlog	1,400		0.3
Total intangible assets subject to amortization	73,400
Intangible assets not subject to amortization:
Goodwill	71,394		n/a
Total intangible assets not subject to amortization	71,394
Total intangible assets	$	144,794
Weighted average amortization period			9.6

Pro Forma Effect on Operating Results

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.



	Years Ended
	December 31, 2017		December 31, 2016
	(In thousands, except per share data) (Unaudited)
Revenues	$	2,399,715	$	2,407,830
Net income attributable to Belden common stockholders	60,690		113,014
Diluted income per share attributable to Belden common stockholders	$	1.42	$	2.66

Tripwire [Member]

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed as of January 2, 2015 (in thousands).



Cash	$	2,364
Receivables	37,792
Inventories	603
Other current assets	2,453
Property, plant and equipment	10,021
Goodwill	462,215
Intangible assets	306,000
Other non-current assets	659
Total assets	822,107
Accounts payable	3,142
Accrued liabilities	12,142
Deferred revenue	8,000
Deferred income taxes	95,074
Other non-current liabilities	540
Total liabilities	118,898
Net assets	$	703,209

Intangible Assets Related to Acquisition

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



	Estimated Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technology	$	210,000	5.8
Customer relationships	56,000		15
Trademarks	31,000		10
Backlog	3,000		1
Total intangible assets subject to amortization	300,000
Intangible assets not subject to amortization:
Goodwill	462,215
In-process research and development	6,000
Total intangible assets not subject to amortization	468,215
Total intangible assets	$	768,215
Weighted average amortization period			7.9

Pro Forma Effect on Operating Results

The following table illustrates the unaudited pro forma effect on operating results as if the Tripwire acquisition had been completed as of January 1, 2014.



	Year Ended
	December 31, 2015
	(In thousands, except per share data) (Unaudited)
Revenues	$	2,354,191
Net income attributable to Belden common stockholders	92,104
Diluted income per share attributable to Belden common stockholders	$	2.14