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

9 Months Ended

Oct. 01, 2023

Schedule of Total Comprehensive Income (Loss)

The following table summarizes total comprehensive income:


	Three Months Ended				Nine Months Ended
	October 1, 2023		October 2, 2022		October 1, 2023		October 2, 2022

	(In thousands)
Net income	$	72,327	$	98,321	$	204,047	$	192,807
Foreign currency translation adjustments, net of tax	21,852		50,681		257		106,388
Adjustments to pension and postretirement liability, net of tax	(284)		888		(848)		1,262
Total comprehensive income	93,895		149,890		203,456		300,457
Less: Comprehensive income (loss) attributable to noncontrolling interests	(20)		(17)		(241)		69
Comprehensive income attributable to Belden	$	93,915	$	149,907	$	203,697	$	300,388

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

The accumulated balances related to each component of other comprehensive loss, 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	253		—		253
Amounts reclassified from accumulated other comprehensive loss	(139)		(848)		(987)
Net current period other comprehensive loss attributable to Belden	114		(848)		(734)
Balance at October 1, 2023	$	(1,830)	$	(4,775)	$	(6,605)

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

The following table summarizes the effects of reclassifications from accumulated other comprehensive loss for the nine months ended October 1, 2023:


	Amounts Reclassified from Accumulated Other Comprehensive Income (2)		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	$	(1,266)	(1)
Prior service cost	132		(1)
Total before tax	(1,134)
Tax expense	286
Total net of tax	$	(848)

(1) The amortization of these accumulated other comprehensive loss components are included in the computation of net periodic benefit costs (see Note 15).

(2) In addition, we reclassified $0.1 million of accumulated foreign currency translation gains associated with the sale of the Hite JV.