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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated, preliminary fair values of the assets acquired and liabilities assumed for Precision as of the acquisition date (in thousands):
Receivables |  | $ | 24,191 |
Inventory |  | 7,098 |
Other current assets |  | 1,486 |
Property, plant and equipment |  | 5,330 |
Intangible assets |  | 194,100 |
Goodwill |  | 121,604 |
Operating lease right-of-use assets |  | 2,731 |
Total assets acquired |  | $ | 356,540 |
Accounts payable |  | $ | 11,662 |
Accrued liabilities |  | 10,193 |
Deferred income taxes |  | 42,585 |
Long-term operating lease liabilities |  | 2,468 |
Total liabilities assumed |  | $ | 66,908 |
Net assets |  | $ | 289,632 |
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Receivables |  | $ | 5,093 |
Inventory |  | 7,590 |
Other current assets |  | 2,733 |
Property, plant and equipment |  | 13,135 |
Intangible assets |  | 44,328 |
Goodwill |  | 32,243 |
Deferred income taxes |  | 433 |
Operating lease right-of-use assets |  | 131 |
Other long-lived assets |  | 4,559 |
Total assets acquired |  | $ | 110,245 |
Accounts payable |  | $ | 1,907 |
Accrued liabilities |  | 4,283 |
Deferred income taxes |  | 6,551 |
Total liabilities assumed |  | $ | 12,741 |
Net assets |  | $ | 97,504 |
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 |  | $ | 24,700 |  |  | 5.0
Customer relationships |  | 161,900 |  |  | 20.0
Trademarks |  | 3,000 |  |  | 2.5
Non-compete agreements |  | 4,500 |  |  | 5.0
Total intangible assets subject to amortization |  | $ | 194,100 |  |  |
Intangible assets not subject to amortization: |  |  |  |
Goodwill |  | $ | 121,604 |  |  | n/a
Total intangible assets not subject to amortization |  | $ | 121,604 |  |  |
Total intangible assets |  | $ | 315,704 |  |  |
Weighted average amortization period |  |  |  | 17.5
The intangible assets related to the acquisition consisted of the following:
|  | Fair Value |  | Amortization Period
|  | (In thousands) |  | (In years)
Intangible assets subject to amortization: |  |  |  |
Customer relationships |  | $ | 41,161 |  |  | 20.0
Trademarks |  | 2,184 |  |  | 7.0
Sales backlog |  | 983 |  |  | 0.2
Total intangible assets subject to amortization |  | $ | 44,328 |  |  |
Intangible assets not subject to amortization: |  |  |  |
Goodwill |  | $ | 32,243 |  |  | n/a
Total intangible assets not subject to amortization |  | $ | 32,243 |  |  |
Total intangible assets |  | $ | 76,571 |  |  |
Weighted average amortization period |  |  |  | 18.9
Schedule of Pro Forma Information | The following table illustrates the unaudited pro forma effect on operating results as if the Precision acquisition had been completed as of January 1, 2023.
|  |  | Years Ended December 31,
|  |  |  |  | 2024 |  | 2023
|  |  |  | (In thousands, except per share data)
|  |  |  | (Unaudited)
Revenues |  |  |  |  | $ | 2,531,820 |  |  | $ | 2,640,396 |
Net income attributable to Belden stockholders |  |  |  |  | 202,947 |  |  | 232,713 |
Diluted income per share attributable to Belden stockholders |  |  |  |  | $ | 4.91 |  |  | $ | 5.43 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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