XML 33 R23.htm IDEA: XBRL DOCUMENT v3.22.1
Comprehensive Income and Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Apr. 03, 2022
Equity [Abstract]  
Comprehensive Income and Accumulated Other Comprehensive Income (Loss) Comprehensive Income and Accumulated Other Comprehensive Income (Loss)
The following table summarizes total comprehensive income (losses): 
 Three Months Ended
 April 3, 2022April 4, 2021
 (In thousands)
Net income$35,844 $28,741 
Foreign currency translation adjustments, net of tax3,762 52,764 
Adjustments to pension and postretirement liability, net of tax193 764 
Total comprehensive income39,799 82,269 
Less: Comprehensive income (loss) attributable to noncontrolling interests30 (122)
Comprehensive income attributable to Belden $39,769 $82,391 
The tax impacts of the foreign currency translation adjustments and pension liability adjustments in the table above are not material.
The accumulated balances related to each component of other comprehensive income (loss), net of tax, are as follows: 
Foreign Currency Translation ComponentPension and Other
 Postretirement
Benefit Plans
Accumulated Other 
Comprehensive Income (Loss)
 (In thousands)
Balance at December 31, 2021$(41,468)$(29,098)$(70,566)
Other comprehensive income attributable to Belden before reclassifications6,742 — 6,742 
Amounts reclassified from accumulated other comprehensive income (loss)(3,007)193 (2,814)
Net current period other comprehensive income attributable to Belden3,735 193 3,928 
Balance at April 3, 2022$(37,733)$(28,905)$(66,638)
The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss) for the three months ended April 3, 2022:
Amount Reclassified from Accumulated Other
Comprehensive Income (1) (2)
Affected Line Item in the Consolidated Statements of Operations and Comprehensive Income
 (In thousands) 
Amortization of pension and other postretirement benefit plan items:
Actuarial losses$216 (1)
Prior service cost47 (1)
Total before tax263 
Tax benefit(70)
Total net of tax$193 
(1) The amortization of these accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit costs (see Note 16).
(2) In addition, we reclassified $3.0 million of accumulated foreign currency translation gains associated with the sale of Tripwire.