XML 19 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenues $ 2,585,368 $ 2,388,643 $ 2,356,672
Cost of sales (1,576,956) (1,453,890) (1,375,351)
Gross profit 1,008,412 934,753 981,321
Selling, general and administrative expenses (525,918) (461,022) (486,403)
Research and development expenses (140,585) (134,330) (140,519)
Amortization of intangibles (98,829) (103,997) (98,385)
Gain from patent litigation 62,141 0 0
Impairment of assets held for sale 0 0 (23,931)
Operating income 305,221 235,404 232,083
Interest expense, net (61,559) (82,901) (95,050)
Non-operating pension cost (342) (714) (8,230)
Loss on debt extinguishment (22,990) (52,441) (2,342)
Income before taxes 220,330 99,348 126,461
Income tax benefit (expense) (59,619) (6,495) 1,185
Net income 160,711 92,853 127,646
Less: Net loss attributable to noncontrolling interest (183) (357) (357)
Net income attributable to Belden 160,894 93,210 128,003
Less: Preferred stock dividends 34,931 34,931 15,428
Net income attributable to Belden common stockholders $ 125,963 $ 58,279 $ 112,575
Weighted average number of common shares and equivalents:      
Basic (in shares) 40,675 42,220 42,093
Diluted (in shares) 40,956 42,643 42,557
Basic income per share attributable to Belden common stockholders (in dollars per share) $ 3.10 $ 1.38 $ 2.67
Diluted income per share attributable to Belden common stockholders (in dollars per share) $ 3.08 $ 1.37 $ 2.65