Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 28, 2020

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 (loss): 

	Three Months Ended				Six Months Ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
	(In thousands)
Net income (loss)	$	(67,881)	$	42,290	$	(79,100)	$	67,468
Foreign currency translation adjustments, net of $0.0 million, $0.4 million, $1.0 million, and $0.8 million tax, respectively	(44,671)		(16,904)		(22,881)		11,887
Adjustments to pension and postretirement liability, net of $0.1 million, $0.1 million, $0.2 million, and $0.1 million tax, respectively	372		251		755		470
Total comprehensive income (loss)	(112,180)		25,637		(101,226)		79,825
Less: Comprehensive income (loss) attributable to noncontrolling interests	171		130		(9)		107
Comprehensive income (loss) attributable to Belden	$	(112,351)	$	25,507	$	(101,217)	$	79,718

The accumulated balances related to each component of other comprehensive income (loss), net of tax, are as follows: 

	Foreign  Currency Translation Component		Pension and  Other  Postretirement Benefit Plans		Accumulated Other  Comprehensive Income (Loss)
	(In thousands)
Balance at December 31, 2019	$	(18,225)	$	(45,193)	$	(63,418)
Other comprehensive loss attributable to Belden before reclassifications	(22,878)		—		(22,878)
Amounts reclassified from accumulated other comprehensive income (loss)	—		755		755
Net current period other comprehensive gain (loss) attributable to Belden	(22,878)		755		(22,123)
Balance at June 28, 2020	$	(41,103)	$	(44,438)	$	(85,541)

The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss) for the six months ended June 28, 2020:

	Amount Reclassified from Accumulated Other Comprehensive Income		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	$	942	(1)
Prior service cost	49		(1)
Total before tax	991
Tax benefit	(236)
Total net of tax	$	755

(1) The amortization of these accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit costs (see Note 15).