XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Equity [Abstract] |
Schedule of Total Comprehensive Income (Loss) | The following table summarizes total comprehensive income:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
| (In thousands)
Net income | $ | 49,034 |  |  | $ | 68,775 |  |  | $ | 86,343 |  |  | $ | 131,720 |
Foreign currency translation adjustments, net of tax | 6,986 |  |  | (4,577) |  |  | 16,208 |  |  | (21,595) |
Adjustments to pension and postretirement liability, net of tax | (74) |  |  | (284) |  |  | (148) |  |  | (564) |
Total comprehensive income | 55,946 |  |  | 63,914 |  |  | 102,403 |  |  | 109,561 |
Less: Comprehensive income (loss) attributable to noncontrolling interests | (10) |  |  | 24 |  |  | (14) |  |  | (221) |
Comprehensive income attributable to Belden | $ | 55,956 |  |  | $ | 63,890 |  |  | $ | 102,417 |  |  | $ | 109,782 |
Schedule of Components of Other Comprehensive Income (Loss), Net of Tax | The accumulated balances related to each component of other comprehensive loss, net of tax, are as follows:
| Foreign Currency Translation Component |  | Pension and Other Postretirement Benefit Plans |  | Accumulated Other Comprehensive Loss
| (In thousands)
Balance at December 31, 2023 | $ | (26,514) |  |  | $ | (14,765) |  |  | $ | (41,279) |
Other comprehensive income attributable to Belden before reclassifications | 16,208 |  |  | — |  |  | 16,208 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (148) |  |  | (148) |
Net current period other comprehensive income (loss) attributable to Belden | 16,208 |  |  | (148) |  |  | 16,060 |
Balance at June 30, 2024 | $ | (10,306) |  |  | $ | (14,913) |  |  | $ | (25,219) |
Schedule of Effects of Reclassifications from Accumulated Other Comprehensive Income (Loss) | The following table summarizes the effects of reclassifications from accumulated other comprehensive loss for the six months ended June 30, 2024:
| Amounts Reclassified from Accumulated Other Comprehensive Loss |  | Affected Line Item in the Consolidated Statements of Operations and Comprehensive Income
| (In thousands) |  |
Amortization of pension and other postretirement benefit plan items: |  |  |
Actuarial gains | $ | (285) |  |  | (1)
Prior service cost | 89 |  |  | (1)
Total before tax | (196) |  |  |
Tax expense | 48 |  |  |
Total net of tax | $ | (148) |  |  |
(1) The amortization of these accumulated other comprehensive loss components are included in the computation of net periodic benefit costs (see Note 13).

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration