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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Income Statement [Abstract]        
Revenues $ 692,245 $ 666,551 $ 1,334,034 $ 1,276,922
Cost of sales (430,917) (444,246) (826,601) (845,757)
Gross profit 261,328 222,305 507,433 431,165
Selling, general and administrative expenses (126,635) (105,203) (248,209) (208,269)
Research and development expenses (30,970) (25,989) (60,354) (49,445)
Amortization of intangibles (11,126) (9,177) (20,736) (17,994)
Operating income 92,597 81,936 178,134 155,457
Interest expense, net (8,812) (11,276) (17,013) (25,687)
Non-operating pension benefit 646 1,070 1,134 2,270
Loss on debt extinguishment 0 0 0 (6,392)
Income from continuing operations before taxes 84,431 71,730 162,255 125,648
Income tax expense (15,656) (13,088) (30,535) (22,910)
Income from continuing operations 68,775 58,642 131,720 102,738
Loss from discontinued operations, net of tax 0 0 0 (3,685)
Loss on disposal of discontinued operations, net of tax 0 0 0 (4,567)
Net income 68,775 58,642 131,720 94,486
Less: Net income (loss) attributable to noncontrolling interest 22 81 (225) 84
Net income attributable to Belden stockholders $ 68,753 $ 58,561 $ 131,945 $ 94,402
Weighted average number of common shares and equivalents:        
Basic (in shares) 42,497 44,252 42,663 44,535
Diluted (in shares) 43,088 44,782 43,380 45,179
Basic income (loss) per share attributable to Belden stockholders:        
Continuing operations (in dollars per share) $ 1.62 $ 1.32 $ 3.09 $ 2.31
Discontinued operations (in dollars per share) 0 0 0 (0.08)
Disposal of discontinued operations (in dollars per share) 0 0 0 (0.10)
Net income (in dollars per share) 1.62 1.32 3.09 2.12
Diluted income (loss) per share attributable to Belden stockholders:        
Continuing operation (in dollars per share) 1.60 1.31 3.04 2.27
Discontinued operations (in dollars per share) 0 0 0 (0.08)
Disposal of discontinued operations (in dollars per share) 0 0 0 (0.10)
Net income (in dollars per share) $ 1.60 $ 1.31 $ 3.04 $ 2.09
Comprehensive income attributable to Belden $ 63,890 $ 110,712 $ 109,782 $ 150,481
Common stock dividends declared per share (in usd per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10