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Acquisitions (Tables) | 9 Months Ended
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Oct. 03, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated, preliminary fair values of the assets acquired and the liabilities assumed as of January 29, 2021 (in thousands):
Receivables |  | $ | 5,036 |
Inventories |  | 10,700 |
Other current assets |  | 1,361 |
Property, plant and equipment |  | 602 |
Intangible assets |  | 39,930 |
Goodwill |  | 38,915 |
Operating lease right-of-use assets |  | 4,144 |
Other long-lived assets |  | 706 |
Total assets acquired |  | $ | 101,394 |
Accounts payable |  | $ | 5,931 |
Accrued liabilities |  | 4,485 |
Deferred revenues |  | 3,260 |
Long-term debt |  | 1,841 |
Post retirement benefits |  | 3,581 |
Deferred income taxes |  | 4,889 |
Long-term operating lease liabilities |  | 3,271 |
Other long-term liabilities |  | 771 |
Total liabilities assumed |  | $ | 28,029 |
Net assets |  | $ | 73,365 |
Noncontrolling interests |  | 20 |
Net assets attributable to Belden |  | $ | 73,345 |
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 |  | $ | 26,400 |  |  | 6.8
Customer relationships |  | 6,200 |  |  | 15.0
Sales backlog |  | 3,600 |  |  | 5.0
Trademarks |  | 3,070 |  |  | 14.8
Non-compete agreements |  | 660 |  |  | 2
Total intangible assets subject to amortization |  | $ | 39,930 |  |  |
Intangible assets not subject to amortization: |  |  |  |
Goodwill |  | $ | 38,915 |  |  | n/a
Total intangible assets not subject to amortization |  | $ | 38,915 |  |  |
Total intangible assets |  | $ | 78,845 |  |  |
Weighted average amortization period |  |  |  | 8.5
Schedule of Pro Forma Information | The following table illustrates the unaudited pro forma effect on operating results as if the OTN Systems acquisition had been completed as of January 1, 2020.
|  | Three Months Ended |  | Nine Months Ended
|  | October 3, 2021 |  | September 27, 2020 |  | October 3, 2021 |  | September 27, 2020
|  | (In thousands, except per share data)
|  | (Unaudited)
Revenues |  | $ | 631,338 |  |  | $ | 479,137 |  |  | $ | 1,770,941 |  |  | $ | 1,380,778 |
Net income from continuing operations attributable to Belden common stockholders |  | 42,041 |  |  | 17,071 |  |  | 114,752 |  |  | 30,285 |
Diluted income from continuing operations per share attributable to Belden common stockholders |  | $ | 0.93 |  |  | $ | 0.38 |  |  | $ | 2.54 |  |  | $ | 0.67 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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