Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 04, 2021

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 4, 2021		March 29, 2020
	(In thousands)
Net income (loss)	$	28,741	$	(11,219)
Foreign currency translation adjustments, net of $0.0 million and $1.0 million tax, respectively	52,764		21,790
Adjustments to pension and postretirement liability, net of $0.2 million and $0.1 million tax, respectively	764		383
Total comprehensive income	82,269		10,954
Less: Comprehensive loss attributable to noncontrolling interests	(122)		(180)
Comprehensive income attributable to Belden	$	82,391	$	11,134

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, 2020	$	(131,181)	$	(60,670)	$	(191,851)
Other comprehensive loss attributable to Belden before reclassifications	52,961		—		52,961
Amounts reclassified from accumulated other comprehensive income (loss)	—		764		764
Net current period other comprehensive gain (loss) attributable to Belden	52,961		764		53,725
Balance at April 4, 2021	$	(78,220)	$	(59,906)	$	(138,126)

The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss) for the three months ended April 4, 2021:

	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	$	973	(1)
Prior service cost	28		(1)
Total before tax	1,001
Tax benefit	(237)
Total net of tax	$	764

(1) The amortization of these accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit costs (see Note 16).