Income Per Share

12 Months Ended

Dec. 31, 2024

The following table presents the basis of the income per share computations:


	Years Ended December 31,
	2024		2023		2022
	(In thousands)
Numerator:
Income from continuing operations	$	198,414	$	242,556	$	267,748
Less: Net income (loss) attributable to noncontrolling interest	(19)		(203)		159

Income from continuing operations attributable to Belden common stockholders	198,433		242,759		267,589
Add: Loss from discontinued operations, net of tax	—		—		(3,685)
Add: Loss on disposal of discontinued operations, net of tax	—		—		(9,241)
Net income attributable to Belden common stockholders	$	198,433	$	242,759	$	254,663
Denominator:
Weighted average shares outstanding, basic	40,694		42,237		43,845
Effect of dilutive common stock equivalents	605		622		692
Weighted average shares outstanding, diluted	41,299		42,859		44,537

Basic weighted average shares outstanding is used to calculate diluted loss per share when the numerator is a loss because using diluted weighted average shares outstanding would be anti-dilutive.

For the years ended December 31, 2024, 2023, and 2022, diluted weighted average shares outstanding do not include outstanding equity awards of 0.1 million, 0.2 million, and 0.8 million, respectively, because they are anti-dilutive. In addition, for the years ended December 31, 2024, 2023, and 2022, diluted weighted average shares outstanding do not include outstanding equity awards of 0.1 million, 0.3 million, and 0.2 million, respectively, because the related performance conditions have not been satisfied.

For purposes of calculating basic earnings per share, unvested restricted stock units are not included in the calculation of basic weighted average shares outstanding until all necessary conditions have been satisfied and issuance of the shares underlying the restricted stock units is no longer contingent. Necessary conditions are not satisfied until the vesting date, at which time holders of our restricted stock units receive shares of our common stock.

For purposes of calculating diluted earnings per share, unvested restricted stock units are included to the extent that they are dilutive. In determining whether unvested restricted stock units are dilutive, each issuance of restricted stock units is considered separately.

Once a restricted stock unit has vested, it is included in the calculation of both basic and diluted weighted average shares outstanding.