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

9 Months Ended

Oct. 03, 2021

The following table summarizes total comprehensive income (losses):


	Three Months Ended				Nine Months Ended
	October 3, 2021		September 27, 2020		October 3, 2021		September 27, 2020

	(In thousands)
Net income (loss)	$	41,317	$	17,081	$	114,030	$	(62,019)
Foreign currency translation adjustments, net of tax	27,221		(52,910)		57,728		(75,791)
Adjustments to pension and postretirement liability, net of tax	758		1,136		2,285		1,891
Total comprehensive income (loss)	69,296		(34,693)		174,043		(135,919)
Less: Comprehensive income (loss) attributable to noncontrolling interests	(94)		228		(237)		219
Comprehensive income (loss) attributable to Belden	$	69,390	$	(34,921)	$	174,280	$	(136,138)

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	59,278		—		59,278
Amounts reclassified from accumulated other comprehensive income (loss)	(977)		2,285		1,308
Net current period other comprehensive income attributable to Belden	58,301		2,285		60,586
Balance at October 3, 2021	$	(72,880)	$	(58,385)	$	(131,265)

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 nine months ended October 3, 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	$	2,910	(1)
Prior service cost	83		(1)
Total before tax	2,993
Tax benefit	(708)
Total net of tax	$	2,285

(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.