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Income Per Share
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Income Per Share

Note 7: Income Per Share

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

 

     Years Ended December 31,  
     2015      2014      2013  
     (In thousands)  

Numerator for basic and diluted income per share:

        

Income from continuing operations

   $ 66,508       $ 74,432       $ 104,734   

Less: Net loss attributable to noncontrolling interest

     (24      —           —     
  

 

 

    

 

 

    

 

 

 

Income from continuing operations attributable to Belden stockholders

     66,532         74,432         104,734   

Income (loss) from discontinued operations, net of tax, attributable to Belden stockholders

     (242      579         (1,421

Loss from disposal of discontinued operations, net of tax, attributable to Belden stockholders

     (86      (562      —     
  

 

 

    

 

 

    

 

 

 

Net income attributable to Belden stockholders

   $ 66,204       $ 74,449       $ 103,313   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Weighted average shares outstanding, basic

     42,390         43,273         43,871   

Effect of dilutive common stock equivalents

     563         724         866   
  

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding, diluted

     42,953         43,997         44,737   
  

 

 

    

 

 

    

 

 

 

For the years ended December 31, 2015, 2014, and 2013, diluted weighted average shares outstanding do not include outstanding equity awards of 0.4 million, 0.2 million, and 0.2 million, respectively, because to do so would have been anti-dilutive.

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.