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

3 Months Ended

Apr. 02, 2023

Equity [Abstract]

Schedule of Total Comprehensive Income (Loss)

The following table summarizes total comprehensive income (losses): 

	Three Months Ended
	April 2, 2023		April 3, 2022
	(In thousands)
Net income	$	62,945	$	35,844
Foreign currency translation adjustments, net of tax	(17,018)		3,762
Adjustments to pension and postretirement liability, net of tax	(280)		193
Total comprehensive income	45,647		39,799
Less: Comprehensive income (loss) attributable to noncontrolling interests	(245)		30
Comprehensive income attributable to Belden	$	45,892	$	39,769

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

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

	Foreign Currency Translation Component		Pension and Other  Postretirement Benefit Plans		Accumulated Other  Comprehensive Loss
	(In thousands)
Balance at December 31, 2022	$	(1,944)	$	(3,927)	$	(5,871)
Other comprehensive loss attributable to Belden before reclassifications	(17,020)		—		(17,020)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(280)		(280)
Net current period other comprehensive loss attributable to Belden	(17,020)		(280)		(17,300)
Balance at April 2, 2023	$	(18,964)	$	(4,207)	$	(23,171)

Schedule 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 three months ended April 2, 2023:

	Amounts  Reclassified from Accumulated Other Comprehensive Income		Affected Line Item in the Consolidated Statements of Operations and Comprehensive Loss
	(In thousands)
Amortization of pension and other postretirement benefit plan items:
Actuarial gains	$	(417)	(1)
Prior service cost	43		(1)
Total before tax	(374)
Tax expense	94
Total net of tax	$	(280)

(1) The amortization of these accumulated other comprehensive loss components are included in the computation of net periodic benefit costs (see Note 14).