Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 04, 2021

The following table summarizes total comprehensive income (losses):


	Three Months Ended				Six Months Ended
	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020

	(In thousands)
Net income (loss)	$	43,972	$	(67,881)	$	72,713	$	(79,100)
Foreign currency translation adjustments, net of tax	(22,257)		(44,671)		30,507		(22,881)
Adjustments to pension and postretirement liability, net of tax	763		372		1,527		755
Total comprehensive income (loss)	22,478		(112,180)		104,747		(101,226)
Less: Comprehensive income (loss) attributable to noncontrolling interests	(21)		171		(143)		(9)
Comprehensive income (loss) attributable to Belden	$	22,499	$	(112,351)	$	104,890	$	(101,217)

Components of Other Comprehensive Income (Loss), Net of Tax

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 income attributable to Belden before reclassifications	31,910		—		31,910
Amounts reclassified from accumulated other comprehensive income (loss)	(977)		1,527		550
Net current period other comprehensive income attributable to Belden	30,933		1,527		32,460
Balance at July 4, 2021	$	(100,248)	$	(59,143)	$	(159,391)

Summary of Effects of Reclassifications from Accumulated Other Comprehensive Income (Loss)

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


	Amount Reclassified from Accumulated Other Comprehensive Income (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	$	1,944	(1)
Prior service cost	56		(1)
Total before tax	2,000
Tax benefit	(473)
Total net of tax	$	1,527

(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) We reclassified $1.0 million of accumulated foreign currency translation gains associated with the sale of our oil and gas cable business in Brazil.