Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed as of January 29, 2021 (in thousands):


Receivables	$	6,009
Inventories	10,731
Other current assets	768
Property, plant, and equipment	602
Intangible assets	39,930
Goodwill	41,749

Operating lease right-of-use assets	4,144
Other long-lived assets	416
Total assets acquired	$	104,349

Accounts payable	$	6,884
Accrued liabilities	8,735
Long-term debt	1,841
Postretirement benefits	3,581
Deferred income taxes	2,980
Long-term operating lease liabilities	3,271
Other long-term liabilities	3,692
Total liabilities assumed	$	30,984

Net assets	73,365
Noncontrolling interests	20
Net assets attributable to Belden	$	73,345

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	$	26,400	6.8
Customer relationships	6,200		15.0
Sales backlog	3,600		5.0
Trademarks	3,070		14.8
Non-compete agreements	660		2.0
Total intangible assets subject to amortization	$	39,930

Intangible assets not subject to amortization:
Goodwill	$	41,749
Total intangible assets not subject to amortization	$	41,749

Total intangible assets	$	81,679
Weighed average amortization period			8.5

Schedule of Pro Forma Information

The following table illustrates the unaudited pro forma effect on operating results as if the OTN Systems acquisition had been completed January 1, 2020.


	Years Ended December 31,
	2021		2020
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	2,409,851	$	1,900,646
Net income (loss) attributable to Belden common stockholders	65,377		(59,150)
Diluted income (loss) per share attributable to Belden common stockholders	$	1.44	$	(1.32)