10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 2, 2011

Commission File No. 001-12561

BELDEN INC.

(Exact name of registrant as specified in its charter)

Delaware	36-3601505
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

7733 Forsyth Boulevard, Suite 800

St. Louis, Missouri 63105

(Address of principal executive offices)

(314) 854-8000

Registrant’s telephone number, including area code

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Act during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes   þ     No   ¨.

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate website, if any, every interactive data file required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  þ    No  ¨.

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  þ.

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer þ		Accelerated filer ¨
Non-accelerated filer ¨	(Do not check if a smaller reporting company)	Smaller reporting company ¨

As of November 7, 2011, the Registrant had 46,588,037 outstanding shares of common stock.

PART I FINANCIAL INFORMATION

Item 1.    Financial Statements

BELDEN INC.

CONSOLIDATED BALANCE SHEETS

	October 2, 2011			December 31, 2010
	(Unaudited)
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	348,190		$	358,653
Receivables, net		349,247			298,266
Inventories, net		197,100			175,659
Deferred income taxes		9,659			9,473
Other current assets		21,847			18,804
Total current assets		926,043			860,855
Property, plant and equipment, less accumulated depreciation		283,992			278,866
Goodwill		352,847			322,556
Intangible assets, less accumulated amortization		156,396			143,820
Deferred income taxes		20,997			27,565
Other long-lived assets		70,377			62,822
	$	1,810,652		$	1,696,484
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	233,989		$	212,084
Accrued liabilities		166,529			145,840
Total current liabilities		400,518			357,924
Long-term debt		550,955			551,155
Postretirement benefits		116,926			112,426
Other long-term liabilities		32,539			36,464
Stockholders’ equity:
Preferred stock		—			—
Common stock		503			503
Additional paid-in capital		599,014			595,519
Retained earnings		252,185			171,568
Accumulated other comprehensive loss		(5,629	)		(8,919	)
Treasury stock		(136,359	)		(120,156	)
Total stockholders’ equity		709,714			638,515
	$	1,810,652		$	1,696,484

The accompanying notes are an integral part of these Consolidated Financial Statements

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BELDEN INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended						Nine Months Ended
	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
				(In thousands, except per share data)
Revenues	$	519,713		$	396,927		$	1,517,592		$	1,191,914
Cost of sales		(366,962	)		(278,743	)		(1,077,772	)		(846,016	)
Gross profit		152,751			118,184			439,820			345,898
Selling, general and administrative expenses		(85,355	)		(66,164	)		(244,671	)		(203,306	)
Research and development		(13,641	)		(10,887	)		(41,800	)		(31,106	)
Amortization of intangibles		(3,371	)		(2,600	)		(10,397	)		(7,900	)
Income from equity method investment		1,479			3,053			9,196			8,905
Operating income		51,863			41,586			152,148			112,491
Interest expense		(11,690	)		(11,778	)		(36,246	)		(38,910	)
Interest income		211			80			526			398
Other income		—			—			—			1,465
Income from continuing operations before taxes		40,384			29,888			116,428			75,444
Income tax expense		(9,019	)		(7,244	)		(28,164	)		(16,885	)
Income from continuing operations		31,365			22,644			88,264			58,559
Loss from discontinued operations, net of tax		(162	)		(2,039	)		(446	)		(6,535	)
Net income	$	31,203		$	20,605		$	87,818		$	52,024
Weighted average number of common shares and equivalents:
Basic		47,344			46,813			47,317			46,762
Diluted		48,244			47,721			48,329			47,665
Basic income (loss) per share:
Continuing operations	$	0.66		$	0.48		$	1.87		$	1.25
Discontinued operations		—			(0.04	)		(0.01	)		(0.14	)
Net Income	$	0.66		$	0.44		$	1.86		$	1.11
Diluted income (loss) per share:
Continuing operations	$	0.65		$	0.47		$	1.83		$	1.23
Discontinued operations		—			(0.04	)		(0.01	)		(0.14	)
Net Income	$	0.65		$	0.43		$	1.82		$	1.09
Dividends declared per share	$	0.05		$	0.05		$	0.15		$	0.15

The accompanying notes are an integral part of these Consolidated Financial Statements

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BELDEN INC.

CONSOLIDATED CASH FLOW STATEMENTS

(Unaudited)

	Nine Months Ended
	October 2, 2011			October 3, 2010
	(In thousands)
Cash flows from operating activities:
Net income	$	87,818		$	52,024
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		37,676			41,525
Share-based compensation		8,380			9,539
Pension funding less than (greater than) pension expense		2,782			(5,753	)
Provision for inventory obsolescence		1,285			2,924
Non-cash loss on derivatives and hedging instruments		—			2,893
Tax deficiency (benefit) related to share-based compensation		(1,802	)		239
Income from equity method investment		(9,196	)		(8,905	)
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes and acquired businesses:
Receivables		(42,184	)		(51,874	)
Inventories		(16,953	)		(20,898	)
Accounts payable		15,141			34,288
Accrued liabilities		6,301			(4,519	)
Accrued taxes		17,850			(1,295	)
Other assets		(87	)		16,234
Other liabilities		(7,549	)		(11,011	)
Net cash provided by operating activities		99,462			55,411
Cash flows from investing activities:
Cash used to acquire businesses, net of cash acquired		(59,708	)		—
Capital expenditures		(21,760	)		(19,198	)
Proceeds from disposal of tangible assets		1,206			2,332
Cash provided by other investing activities		—			163
Net cash used for investing activities		(80,262	)		(16,703	)
Cash flows from financing activities:
Payments under share repurchase program		(25,000	)		—
Cash dividends paid		(7,090	)		(7,052	)
Debt issuance costs		(3,296	)		—
Tax benefit (deficiency) related to share-based compensation		1,802			(239	)
Proceeds from exercise of stock options		4,554			720
Cash received upon termination of derivative instruments		—			4,217
Payments under borrowing arrangements		—			(46,268	)
Net cash used for financing activities		(29,030	)		(48,622	)
Effect of foreign currency exchange rate changes on cash and cash equivalents		(633	)		(2,884	)
Decrease in cash and cash equivalents		(10,463	)		(12,798	)
Cash and cash equivalents, beginning of period		358,653			308,879
Cash and cash equivalents, end of period	$	348,190		$	296,081

The accompanying notes are an integral part of these Consolidated Financial Statements

-3-

BELDEN INC.

CONSOLIDATED STOCKHOLDERS’ EQUITY STATEMENT

NINE MONTHS ENDED OCTOBER 2, 2011

(Unaudited)

																	Accumulated Other Comprehensive Income (Loss)
					Additional Paid-In Capital												Translation Component of Equity		Pension and Postretirement Liability
	Common Stock							Retained Earnings			Treasury Stock
	Shares		Amount								Shares			Amount								Total
												(In thousands )
Balance at December 31, 2010		50,335	$	503	$	595,519		$	171,568			(3,290	)	$	(120,156	)	$	32,095	$	(41,014	)	$	638,515
Net income		—		—		—			87,818			—			—			—		—			87,818
Foreign currency translation		—		—		—			—			—			—			3,290		—			3,290
Comprehensive income																							91,108
Exercise of stock options, net of tax withholding forfeitures		—		—		(1,914	)		—			253			5,859			—		—			3,945
Conversion of restricted stock units into commom stock, net of tax withholding forfeitures		—		—		(4,773	)		—			149			2,938			—		—			(1,835	)
Share repurchase program		—		—		—			—			(867	)		(25,000	)		—		—			(25,000	)
Share-based compensation		—		—		10,182			—			—			—			—		—			10,182
Dividends ($0.15 per share)		—		—		—			(7,201	)		—			—			—		—			(7,201	)
Balance at October 2, 2011		50,335	$	503	$	599,014		$	252,185			(3,755	)	$	(136,359	)	$	35,385	$	(41,014	)	$	709,714

The accompanying notes are an integral part of these Consolidated Financial Statements

-4-

BELDEN INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1: Summary of Significant Accounting Policies

Basis of Presentation

The accompanying Consolidated Financial Statements include Belden Inc. and all of its subsidiaries (the Company, us, we, or our). We eliminate all significant affiliate accounts and transactions in consolidation.

The accompanying Consolidated Financial Statements presented as of any date other than December 31, 2010:

— Are prepared from the books and records without audit, and

— Are prepared in accordance with the instructions for Form 10-Q and do not include all of the information required by accounting principles generally accepted in the United States for complete statements, but

— Include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial statements.

These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Supplementary Data contained in our 2010 Annual Report on Form 10-K.

Business Description

We design, manufacture, and market a portfolio of cable, connectivity, and networking products in markets including industrial, enterprise, broadcast, and consumer electronics. Our products provide for the transmission of signals for data, sound, and video applications.

Reporting Periods

Our fiscal year and fiscal fourth quarter both end on December 31. Our fiscal first quarter ends on the Sunday falling closest to 91 days after December 31. Our fiscal second and third quarters each have 91 days.

The nine months ended October 2, 2011 and October 3, 2010 included 275 and 276 calendar days, respectively.

Reclassifications

We have made certain reclassifications to the 2010 Consolidated Financial Statements with no impact to reported net income in order to conform to the 2011 presentation, including reclassifications associated with a discontinued operation.

Fair Value Measurement

Accounting guidance for fair value measurements specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources or reflect our own assumptions of market participant valuation. The hierarchy is broken down into three levels based on the reliability of the inputs as follows:

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— Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;

— Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets, or financial instruments for which significant inputs are observable, either directly or indirectly;

— Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

As of and for the three and nine months ended October 2, 2011 and October 3, 2010, we utilized Level 1 inputs to determine the fair value of cash equivalents, and we utilized Level 2 inputs to determine the fair value of derivatives and hedging instruments (see Note 8).

Cash and Cash Equivalents

We classify cash on hand and deposits in banks, including commercial paper, money market accounts, and other investments with an original maturity of three months or less, that we hold from time to time, as cash and cash equivalents. We periodically have cash equivalents consisting of short-term money market funds and other investments. The primary objective of our investment activities is to preserve our capital for the purpose of funding operations. We do not enter into investments for trading or speculative purposes. The fair value and carrying value of these cash equivalents as of October 2, 2011 was $45.5 million and is based on quoted market prices in active markets (i.e., Level 1 valuation).

Contingent Liabilities

We have established liabilities for environmental and legal contingencies that are probable of occurrence and reasonably estimable. We accrue environmental remediation costs based on estimates of known environmental remediation exposures developed in consultation with our environmental consultants and legal counsel. We are, from time to time, subject to routine litigation incidental to our business. These lawsuits primarily involve claims for damages arising out of the use of our products, allegations of patent or trademark infringement, and litigation and administrative proceedings involving employment matters and commercial disputes. Based on facts currently available, we believe the disposition of the claims that are pending or asserted will not have a materially adverse effect on our financial position, results of operations or cash flow.

As of October 2, 2011, we were party to standby letters of credit, bank guaranties, and surety bonds totaling $10.4 million, $6.0 million, and $1.7 million, respectively.

Revenue Recognition

We recognize revenue when all of the following circumstances are satisfied: (1) persuasive evidence of an arrangement exists, (2) price is fixed or determinable, (3) collectibility is reasonably assured, and (4) delivery has occurred. Delivery occurs in the period in which the customer takes title and assumes the risks and rewards of ownership of the products specified in the customer’s purchase order or sales agreement. We record revenue net of estimated rebates, price allowances, invoicing adjustments, and product returns. We record revisions to these estimates in the period in which the facts that give rise to each revision become known.

-6-

Discontinued Operations

On December 16, 2010, we completed the sale of Trapeze Networks, Inc. (Trapeze). The Trapeze operations comprised the entirety of the former Wireless segment. For the three and nine months ended October 3, 2010, we recognized a loss of $3.1 million ($1.9 million net of tax) and $8.9 million ($6.1 million net of tax), respectively, related to the Trapeze operations, which is included in discontinued operations.

During 2005, we completed the sale of our discontinued communications cable operation in Phoenix, Arizona. In connection with this sale and related tax deductions, we established a reserve for uncertain tax positions. For the three and nine months ended October 2, 2011, we recognized $0.2 million and $0.7 million of interest expense, respectively ($0.2 million and $0.4 million net of tax, respectively) related to the uncertain tax positions, which is included in discontinued operations. For the three and nine months ended October 3, 2010, we recognized $0.2 million and $0.7 million of interest expense, respectively ($0.1 million and $0.4 million net of tax, respectively) related to the uncertain tax positions, which is included in discontinued operations.

Other Income

For the nine months ended October 3, 2010, we recorded $1.5 million of other income related to an escrow settlement. The escrow settlement related to indemnification for certain tax matters arising from a previous acquisition.

Subsequent Events

We have evaluated subsequent events after the balance sheet date through the financial statement issuance date for appropriate accounting and disclosure.

Note 2: Acquisitions

We acquired ICM Corp. (ICM) for cash of $21.9 million on January 7, 2011. ICM is a broadcast connectivity product manufacturer located in Denver, Colorado. ICM’s strong brands and technology enhance our portfolio of broadcast products. The results of ICM have been included in our Consolidated Financial Statements from January 7, 2011, and are reported within the Americas segment. The ICM acquisition was not material to our financial position or results of operations reported as of and for the three and nine months ended October 2, 2011.

We acquired Poliron Cabos Electricos Especiais Ltda (Poliron) for cash of $29.2 million on April 1, 2011. Poliron is an industrial cable manufacturer located in Sao Paulo, Brazil. The acquisition of Poliron expands our presence in emerging markets. The results of Poliron have been included in our Consolidated Financial Statements from April 1, 2011, and are reported within the Americas segment. The Poliron acquisition was not material to our financial position or results of operations reported as of and for the three and nine months ended October 2, 2011.

We acquired Byres Security, Inc. (Byres) for cash of $7.2 million on August 31, 2011. Byres is an industrial network security company located in Vancouver, Canada. The acquisition of Byres expands our industrial networking product capabilities. The results of Byres have been included in our Consolidated Financial Statements from August 31, 2011, and are reported within the EMEA segment.

-7-

The Byres acquisition was not material to our financial position or results of operations reported as of and for the three and nine months ended October 2, 2011.

As of October 2, 2011, we recorded $28.3 million and $21.5 million of goodwill and intangible assets, respectively, due to the ICM, Poliron, and Byres acquisitions.

Note 3: Operating Segments

We have organized the enterprise around geographic areas. We conduct our operations through three reported operating segments—Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific.

Beginning on January 1, 2011, we allocate corporate expenses to the segments for purposes of measuring segment operating income. Corporate expenses are allocated on the basis of each segment’s relative operating income prior to the allocation. The prior period presentation has been modified accordingly.

	Americas		EMEA		Asia Pacific		Total Segments
			(In thousands)
Three Months Ended October 2, 2011
External customer revenues	$	325,248	$	103,713	$	90,752	$	519,713
Affiliate revenues		9,919		30,795		159		40,873
Operating income		39,636		22,767		6,980		69,383
Three Months Ended October 3, 2010
External customer revenues	$	232,133	$	90,397	$	74,397	$	396,927
Affiliate revenues		11,735		20,707		—		32,442
Operating income		30,474		14,850		8,629		53,953
Nine Months Ended October 2, 2011
External customer revenues	$	927,978	$	322,901	$	266,713	$	1,517,592
Affiliate revenues		33,462		80,943		658		115,063
Operating income		111,587		63,334		22,581		197,502
Nine Months Ended October 3, 2010
External customer revenues	$	686,985	$	273,140	$	231,789	$	1,191,914
Affiliate revenues		36,605		53,330		62		89,997
Operating income		81,315		41,152		22,172		144,639

The following table is a reconciliation of the total of the reportable segments’ operating income to consolidated income from continuing operations before taxes.

-8-

	Three Months Ended						Nine Months Ended
	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Segment operating income	$	69,383		$	53,953		$	197,502		$	144,639
Eliminations		(17,520	)		(12,367	)		(45,354	)		(32,148	)
Total operating income		51,863			41,586			152,148			112,491
Interest expense		(11,690	)		(11,778	)		(36,246	)		(38,910	)
Interest income		211			80			526			398
Other income		—			—			—			1,465
Income from continuing operations before taxes	$	40,384		$	29,888		$	116,428		$	75,444

Revenues by major product group were as follows:

	Three Months Ended				Nine Months Ended
	October 2, 2011		October 3, 2010		October 2, 2011		October 3, 2010
	(In thousands)
Cable products	$	365,967	$	296,412	$	1,063,592	$	900,169
Networking products		79,362		53,710		232,151		156,930
Connectivity products		74,384		46,805		221,849		134,815
Total revenues	$	519,713	$	396,927	$	1,517,592	$	1,191,914

The main categories of cable products are (1) copper cables, including shielded and unshielded twisted pair cables, coaxial cables, and stranded cables, (2) fiber optic cables, which transmit light signals through glass or plastic fibers, and (3) composite cables, which are combinations of multiconductor, coaxial, and fiber optic cables jacketed together or otherwise joined together to serve complex applications and provide ease of installation. Networking products include wireless and wired Industrial Ethernet switches and related equipment and security features, fiber optic interfaces and media converters used to bridge fieldbus networks over long distances, and load-moment indicators for mobile cranes and other load-bearing equipment. Connectivity products include both fiber and copper connectors for the enterprise, broadcast, and industrial markets. Connectors are also sold as part of end-to-end structured cabling solutions.

Note 4: Income per Share

The following table presents the basis for the income per share computations:

	Three Months Ended						Nine Months Ended
	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Numerator:
Income from continuing operations	$	31,365		$	22,644		$	88,264		$	58,559
Loss from discontinued operations, net of tax		(162	)		(2,039	)		(446	)		(6,535	)
Net income	$	31,203		$	20,605		$	87,818		$	52,024
Denominator:
Weighted average shares outstanding, basic		47,344			46,813			47,317			46,762
Effect of dilutive common stock equivalents		900			908			1,012			903
Weighted average shares outstanding, diluted		48,244			47,721			48,329			47,665

-9-

For the three and nine months ended October 2, 2011, diluted weighted average shares outstanding do not include outstanding equity awards of 1.0 million and 0.7 million, respectively, because to do so would have been anti-dilutive. For the three and nine months ended October 3, 2010, diluted weighted average shares outstanding do not include outstanding equity awards of 1.7 million and 1.5 million, respectively, because to do so would have been anti-dilutive.

Note 5: Inventories

The major classes of inventories were as follows:

	October 2, 2011			December 31, 2010
	(In thousands)
Raw materials	$	75,896		$	64,146
Work-in-process		45,734			42,193
Finished goods		92,849			87,982
Perishable tooling and supplies		3,192			3,615
Gross inventories		217,671			197,936
Obsolescence and other reserves		(20,571	)		(22,277	)
Net inventories	$	197,100		$	175,659

Note 6: Long-Lived Assets

Disposals

During the nine months ended October 2, 2011, we sold certain real estate of the Americas segment for $1.1 million. There was no gain or loss recognized on the sale.

During the nine months ended October 3, 2010, we sold certain real estate of the EMEA segment for $1.8 million. There was no gain or loss recognized on the sale.

Depreciation and Amortization Expense

We recognized depreciation expense in income from continuing operations of $9.2 million and $27.2 million in the three and nine months ended October 2, 2011, respectively. We recognized depreciation expense in income from continuing operations of $8.6 million and $28.7 million in the three and nine months ended October 3, 2010, respectively.

We recognized amortization expense related to our intangible assets in income from continuing operations of $3.4 million and $10.4 million in the three and nine months ended October 2, 2011, respectively. We recognized amortization expense related to our intangible assets in income from continuing operations of $2.6 million and $7.9 million in the three and nine months ended October 3, 2010, respectively.

Note 7: Long-Term Debt and Other Borrowing Arrangements

Senior Secured Credit Facility

On April 25, 2011, we entered into a new senior secured credit facility (Senior Secured Facility). The borrowing capacity under the Senior Secured Facility is $400.0 million, and it matures on April 25, 2016.

-10-

Under the Senior Secured Facility, we are permitted to borrow and re-pay funds in various currencies. Interest on outstanding borrowings is variable, based on either the three month LIBOR rate or the prime rate. It is secured by certain of our assets in the United States as well as the capital stock of certain of our subsidiaries. We paid $3.3 million of fees associated with the Senior Secured Facility, which will be amortized over the life of the Senior Secured Facility using the effective interest method.

The Senior Secured Facility contains a leverage ratio covenant and a fixed charge coverage ratio covenant. As of October 2, 2011, we were in compliance with all of the covenants of the Senior Secured Facility.

The Senior Secured Facility replaces our $230.0 million senior secured credit facility that was scheduled to mature in January 2013. There were no outstanding borrowings under the prior facility at the time of its termination.

As of October 2, 2011, there were no outstanding borrowings under the Senior Secured Facility, and we had $381.8 million in available borrowing capacity.

Senior Subordinated Notes

We have outstanding $200.0 million in senior subordinated notes due 2019 with a coupon interest rate of 9.25% and an effective interest rate of 9.75%. The notes are guaranteed on a senior subordinated basis by certain of our subsidiaries. The notes rank equal in right of payment with our senior subordinated notes due 2017 and with any future senior subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our Senior Secured Facility. Interest is payable semiannually on June 15 and December 15. As of October 2, 2011, the carrying value of the notes was $201.0 million.

We also have outstanding $350.0 million aggregate principal amount of 7.0% senior subordinated notes due 2017. The notes are guaranteed on a senior subordinated basis by certain of our subsidiaries. The notes rank equal in right of payment with our senior subordinated notes due 2019 and with any future senior subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our Senior Secured Facility. Interest is payable semiannually on March 15 and September 15. As of October 2, 2011, the carrying value of the notes was $350.0 million.

The indentures governing our senior subordinated notes require that we reinvest the proceeds from qualifying dispositions of assets in the business. To the extent that such proceeds are not reinvested (excess proceeds), we are required to offer to repurchase our notes at par. We expect to make such an offer during the three months ended December 31, 2011, as a result of estimated excess proceeds of approximately $40.0 million—$50.0 million from our disposition of Trapeze in 2010. As of October 2, 2011, the senior subordinated notes were trading above par.

Fair Value of Long-Term Debt

The fair value of our debt instruments at October 2, 2011 was approximately $563.9 million based on sales prices of the debt instruments from recent trading activity. This amount represents the fair value of our senior subordinated notes with a face value of $550.0 million.

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Note 8: Derivatives and Hedging Activities

There were no derivatives or hedging instruments in place as of or for the three and nine months ended October 2, 2011. For each of the three and nine months ended October 3, 2010, we recorded a net loss of $0.2 million and $2.9 million, respectively, on our derivative and hedging instruments, which was classified within interest expense.

Note 9: Income Taxes

Income tax expense was $9.0 million and $28.2 million for the three and nine months ended October 2, 2011, respectively. The effective rate reflected in the provision for income taxes on income from continuing operations before taxes is 22.3% and 24.2% for the three and nine months ended October 2, 2011, respectively. The most significant factor in the difference between the effective rate and the amount determined by applying the applicable statutory United States tax rate of 35% is the tax rate differential associated with our foreign earnings. In addition, income tax expense for the nine months ended October 2, 2011 reflects a net $4.7 million benefit due to the reduction of deferred tax asset valuation allowances primarily in foreign jurisdictions and a $1.9 million benefit due to the reduction of our reserve for uncertain tax positions. Income tax expense for the nine months ended October 3, 2010 included a $1.9 million benefit due to the settlement of a foreign tax audit.

Note 10: Pension and Other Postretirement Obligations

The following table provides the components of net periodic benefit costs for our pension plans:

	Pension Obligations						Other Postretirement Obligations
Three Months Ended	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Service cost	$	1,473		$	1,947		$	32		$	28
Interest cost		2,844			4,205			577			649
Expected return on plan assets		(2,807	)		(4,337	)		—			—
Amortization of prior service cost (credit)		(56	)		29			(54	)		(48	)
Net loss (gain) recognition		1,447			651			124			(3	)
Net periodic benefit cost	$	2,901		$	2,495		$	679		$	626
Nine Months Ended
Service cost	$	4,187		$	5,111		$	113		$	80
Interest cost		8,521			11,461			1,931			1,997
Expected return on plan assets		(8,570	)		(11,635	)		—			—
Amortization of prior service cost (credit)		(128	)		49			(173	)		(165	)
Net loss recognition		4,535			2,169			354			141
Net periodic benefit cost	$	8,545		$	7,155		$	2,225		$	2,053

Note 11: Comprehensive Income

The following table summarizes total comprehensive income:

	Three Months Ended					Nine Months Ended
	October 2, 2011			October 3, 2010		October 2, 2011		October 3, 2010
	(In thousands)
Net income	$	31,203		$	20,605	$	87,818	$	52,024
Foreign currency translation gain (loss)		(27,069	)		29,390		3,290		(21,872	)
Total comprehensive income	$	4,134		$	49,995	$	91,108	$	30,152

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Note 12: Share Repurchase Program

In July 2011, our Board of Directors authorized a share repurchase program, which allows us to purchase up to $150.0 million of our common stock through open market repurchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. As of October 2, 2011, we have repurchased 866,930 shares of our common stock under the program through a prepaid variable share repurchase agreement for an aggregate cost of $25.0 million, an average price per share of $28.84.

On October 31, 2011, we entered into a prepaid variable share repurchase agreement to repurchase an additional $25.0 million of our common stock. The variable share repurchase agreement was funded with available cash, and it is scheduled to be completed no later than December 30, 2011.

Note 13: Supplemental Guarantor Information

As of October 2, 2011, Belden Inc. (the Issuer) has outstanding $550.0 million aggregate principal amount of senior subordinated notes. The notes rank equal in right of payment with any of our future senior subordinated debt. The notes are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our Senior Secured Facility. Belden Inc. and certain of its subsidiaries have fully and unconditionally guaranteed the notes on a joint and several basis. In addition, effective April 25, 2011, in connection with the refinancing of our Senior Secured Facility, the guarantor subsidiaries of the notes have been revised. The financial position, results of operations, and cash flows of the guarantor subsidiaries are not material and are combined with the Issuer in the following consolidating financial information. The following consolidating financial information presents information about the Issuer and non-guarantor subsidiaries. Investments in subsidiaries are accounted for on the equity basis. Intercompany transactions are eliminated.

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Supplemental Condensed Consolidating Balance Sheets

	October 2, 2011
	Issuer			Non- Guarantor Subsidiaries		Eliminations			Total
	(Unaudited) (In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	72,858		$	275,332	$	—		$	348,190
Receivables, net		141,702			207,545		—			349,247
Inventories, net		108,578			88,522		—			197,100
Deferred income taxes		7,745			1,914		—			9,659
Other current assets		9,773			12,074		—			21,847
Total current assets		340,656			585,387		—			926,043
Property, plant and equipment, less accumulated depreciation		124,694			159,298		—			283,992
Goodwill		220,842			132,005		—			352,847
Intangible assets, less accumulated amortization		66,582			89,814		—			156,396
Deferred income taxes		7,249			13,748		—			20,997
Other long-lived assets		13,863			56,514		—			70,377
Investment in subsidiaries		1,303,682			—		(1,303,682	)		—
	$	2,077,568		$	1,036,766	$	(1,303,682	)	$	1,810,652
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	98,804		$	135,185	$	—		$	233,989
Accrued liabilities		77,265			89,264		—			166,529
Total current liabilities		176,069			224,449		—			400,518
Long-term debt		550,955			—		—			550,955
Postretirement benefits		30,670			86,256		—			116,926
Other long-term liabilities		22,227			10,312		—			32,539
Intercompany accounts		(39,565	)		39,565		—			—
Total stockholders’ equity		1,337,212			676,184		(1,303,682	)		709,714
	$	2,077,568		$	1,036,766	$	(1,303,682	)	$	1,810,652

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	December 31, 2010
	Issuer			Non- Guarantor Subsidiaries		Eliminations			Total
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	173,699		$	184,954	$	—		$	358,653
Receivables, net		117,303			180,963		—			298,266
Inventories, net		109,127			66,532		—			175,659
Deferred income taxes		5,590			3,883		—			9,473
Other current assets		10,199			8,605		—			18,804
Total current assets		415,918			444,937		—			860,855
Property, plant and equipment, less accumulated depreciation		120,857			158,009		—			278,866
Goodwill		258,094			64,462		—			322,556
Intangible assets, less accumulated amortization		93,695			50,125		—			143,820
Deferred income taxes		9,342			18,223		—			27,565
Other long-lived assets		12,771			50,051		—			62,822
Investment in subsidiaries		1,227,959			—		(1,227,959)			—
	$	2,138,636		$	785,807	$	(1,227,959	)	$	1,696,484
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	92,996		$	119,088	$	—		$	212,084
Accrued liabilities		78,013			67,827		—			145,840
Total current liabilities		171,009			186,915		—			357,924
Long-term debt		551,155			—		—			551,155
Postretirement benefits		27,949			84,477		—			112,426
Other long-term liabilities		30,047			6,417		—			36,464
Intercompany accounts		(249,051	)		249,051		—			—
Total stockholders’ equity		1,607,527			258,947		(1,227,959	)		638,515
	$	2,138,636		$	785,807	$	(1,227,959	)	$	1,696,484

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Supplemental Condensed Consolidating Statements of Operations (Unaudited)

	Three Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	270,679		$	316,087		$	(67,053	)	$	519,713
Cost of sales		(207,466	)		(226,549	)		67,053			(366,962	)
Gross profit		63,213			89,538			—			152,751
Selling, general and administrative expenses		(46,932	)		(38,423	)		—			(85,355	)
Research and development		(2,486	)		(11,155	)		—			(13,641	)
Amortization of intangibles		(820	)		(2,551	)		—			(3,371	)
Income from equity method investment		—			1,479			—			1,479
Operating income		12,975			38,888			—			51,863
Interest expense		(11,662	)		(28	)		—			(11,690	)
Interest income		12			199			—			211
Intercompany income (expense)		9,622			(9,622	)		—			—
Income (loss) from equity investment in subsidiaries		22,936			—			(22,936	)		—
Income (loss) from continuing operations before taxes		33,883			29,437			(22,936	)		40,384
Income tax expense		(2,518	)		(6,501	)		—			(9,019	)
Income (loss) from continuing operations		31,365			22,936			(22,936	)		31,365
Loss from discontinued operations, net of tax		(162	)		—			—			(162	)
Net income (loss)	$	31,203		$	22,936		$	(22,936	)	$	31,203

	Three Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	242,794		$	193,624		$	(39,491	)	$	396,927
Cost of sales		(168,201	)		(150,033	)		39,491			(278,743	)
Gross profit		74,593			43,591			—			118,184
Selling, general and administrative expenses		(42,272	)		(23,892	)		—			(66,164	)
Research and development		(3,315	)		(7,572	)		—			(10,887	)
Amortization of intangibles		(727	)		(1,873	)		—			(2,600	)
Income from equity method investment		—			3,053			—			3,053
Operating income		28,279			13,307			—			41,586
Interest expense		(11,451	)		(327	)		—			(11,778	)
Interest income		45			35			—			80
Intercompany income (expense)		(514	)		514			—			—
Income (loss) from equity investment in subsidiaries		10,658			—			(10,658	)		—
Income (loss) from continuing operations before taxes		27,017			13,529			(10,658	)		29,888
Income tax expense		(4,373	)		(2,871	)		—			(7,244	)
Income (loss) from continuing operations		22,644			10,658			(10,658	)		22,644
Loss from discontinued operations, net of tax		(2,039	)		—			—			(2,039	)
Net income (loss)	$	20,605		$	10,658		$	(10,658	)	$	20,605

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	Nine Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	792,028		$	887,652		$	(162,088	)	$	1,517,592
Cost of sales		(596,368	)		(643,492	)		162,088			(1,077,772	)
Gross profit		195,660			244,160			—			439,820
Selling, general and administrative expenses		(130,750	)		(113,921	)		—			(244,671	)
Research and development		(8,136	)		(33,664	)		—			(41,800	)
Amortization of intangibles		(2,460	)		(7,937	)		—			(10,397	)
Income from equity method investment		—			9,196			—			9,196
Operating income		54,314			97,834			—			152,148
Interest expense		(35,606	)		(640	)		—			(36,246	)
Interest income		84			442			—			526
Intercompany income (expense)		(5,064	)		5,064			—			—
Income (loss) from equity investment in subsidiaries		78,589			—			(78,589	)		—
Income (loss) from continuing operations before taxes		92,317			102,700			(78,589	)		116,428
Income tax expense		(4,053	)		(24,111	)		—			(28,164	)
Income (loss) from continuing operations		88,264			78,589			(78,589	)		88,264
Loss from discontinued operations, net of tax		(446	)		—			—			(446	)
Net income (loss)	$	87,818		$	78,589		$	(78,589	)	$	87,818

	Nine Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
				(In thousands)
Revenues	$	639,496		$	667,123		$	(114,705	)	$	1,191,914
Cost of sales		(452,287	)		(508,434	)		114,705			(846,016	)
Gross profit		187,209			158,689			—			345,898
Selling, general and administrative expenses		(117,205	)		(86,101	)		—			(203,306	)
Research and development		(8,601	)		(22,505	)		—			(31,106	)
Amortization of intangibles		(2,193	)		(5,707	)		—			(7,900	)
Income from equity method investment		—			8,905			—			8,905
Operating income		59,210			53,281			—			112,491
Interest expense		(38,676	)		(234	)		—			(38,910	)
Interest income		124			274			—			398
Other income		—			1,465			—			1,465
Intercompany income (expense)		(820	)		820			—			—
Income (loss) from equity investment in subsidiaries		42,936			—			(42,936	)		—
Income (loss) from continuing operations before taxes		62,774			55,606			(42,936	)		75,444
Income tax expense		(4,215	)		(12,670	)		—			(16,885	)
Income (loss) from continuing operations		58,559			42,936			(42,936	)		58,559
Loss from discontinued operations, net of tax		(6,535	)		—			—			(6,535	)
Net income (loss)	$	52,024		$	42,936		$	(42,936	)	$	52,024

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Supplemental Condensed Consolidating Statements of Cash Flows (Unaudited)

	Nine Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	(911	)	$	100,373		$	99,462
Cash flows from investing activities:
Cash used to acquire businesses, net of cash acquired		(59,708	)		—			(59,708	)
Capital expenditures		(12,327	)		(9,433	)		(21,760	)
Proceeds from disposal of tangible assets		1,135			71			1,206
Net cash used for investing activities		(70,900	)		(9,362	)		(80,262	)
Cash flows from financing activities:
Payments under share repurchase program		(25,000	)		—			(25,000	)
Cash dividends paid		(7,090	)		—			(7,090	)
Debt issuance costs		(3,296	)		—			(3,296	)
Tax benefit related to share-based compensation		1,802			—			1,802
Proceeds from exercise of stock options		4,554			—			4,554
Net cash used for financing activities		(29,030	)		—			(29,030	)
Effect of currency exchange rate changes on cash and cash equivalents		—			(633	)		(633	)
Increase (decrease) in cash and cash equivalents		(100,841	)		90,378			(10,463	)
Cash and cash equivalents, beginning of period		173,699			184,954			358,653
Cash and cash equivalents, end of period	$	72,858		$	275,332		$	348,190

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	Nine Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	106,459		$	(51,048	)	$	55,411
Cash flows from investing activities:
Capital expenditures		(10,142	)		(9,056	)		(19,198	)
Proceeds from disposal of tangible assets		2,314			18			2,332
Cash provided by other investing activities		163			—			163
Net cash used for investing activities		(7,665	)		(9,038	)		(16,703	)
Cash flows from financing activities:
Payments under borrowing arrangements		(46,268	)		—			(46,268	)
Cash dividends paid		(7,052	)		—			(7,052	)
Tax deficiency related to share-based compensation		(239	)		—			(239	)
Proceeds from exercise of stock options		720			—			720
Cash received upon termination of derivative instruments		4,217			—			4,217
Net cash used for financing activities		(48,622	)		—			(48,622	)
Effect of currency exchange rate changes on cash and cash equivalents		—			(2,884	)		(2,884	)
Increase (decrease) in cash and cash equivalents		50,172			(62,970	)		(12,798	)
Cash and cash equivalents, beginning of period		58,855			250,024			308,879
Cash and cash equivalents, end of period	$	109,027		$	187,054		$	296,081

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Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations

Overview

We design, manufacture, and market a portfolio of cable, connectivity, and networking products in markets including industrial, enterprise, broadcast, and consumer electronics.

We consider revenue growth, operating margin, cash flows, return on invested capital, and working capital management metrics to be our key operating performance indicators.

Trends and Events

The following trends and events during 2011 have had varying effects on our financial condition, results of operations, and cash flows.

Acquisitions

We completed three acquisitions during the nine months ended October 2, 2011. We acquired ICM Corp. (ICM) for cash of $21.9 million on January 7, 2011. ICM is a broadcast connectivity product manufacturer located in Denver, Colorado. ICM’s strong brands and technology enhance our portfolio of broadcast products. We acquired Poliron Cabos Electricos Especiais Ltda (Poliron) for cash of $29.2 million on April 1, 2011. Poliron is an industrial cable manufacturer located in Sao Paulo, Brazil, and the acquisition of Poliron expands our presence in emerging markets. We acquired Byres Security, Inc. (Byres) for cash of $7.2 million on August 31, 2011. Byres is an industrial network security company located in Vancouver, Canada. The acquisition of Byres expands our networking product capabilities.

The results of ICM, Poliron, and Byres have been included in our Consolidated Financial Statements from their respective acquisition dates. Both ICM and Poliron are reported within the Americas segment, and Byres is reported within the EMEA segment.

Commodity prices

Our operating results can be affected by changes in prices of commodities, primarily copper, silver, and compounds, which are components in some of the products we sell. Generally, as the costs of inventory purchases increase due to higher commodity prices, we raise selling prices to customers to cover the increase in costs, resulting in higher sales revenue but a lower gross profit percentage. Conversely, a decrease in commodity prices would result in lower sales revenue but a higher gross profit percentage. Selling prices of our products are affected by many factors, including end market demand, capacity utilization, overall economic conditions, and commodity prices. Importantly, however, there is no exact measure of the effect of changing commodity prices, as there are thousands of transactions in any given quarter, each of which has various factors involved in the individual pricing decisions. Therefore, all references to the effects of copper prices or other commodity prices are estimates.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a material effect on our financial condition, results of operations, or cash flows.

Critical Accounting Policies

During the nine months ended October 2, 2011:

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• We did not change any of our existing critical accounting policies from those listed in our 2010 Annual Report on Form 10-K;

• No existing accounting policies became critical accounting policies because of an increase in the materiality of associated transactions or changes in the circumstances to which associated judgments and estimates relate; and

• There were no significant changes in the manner in which critical accounting policies were applied or in which related judgments and estimates were developed.

Results of Operations

Consolidated Continuing Operations

	Three Months Ended				% Change			Nine Months Ended				% Change
	October 2, 2011		October 3, 2010					October 2, 2011		October 3, 2010
			(In thousands, except percentages)
Revenues	$	519,713	$	396,927		30.9	%	$	1,517,592	$	1,191,914		27.3	%
Gross profit		152,751		118,184		29.2	%		439,820		345,898		27.2	%
Selling, general and administrative expenses		85,355		66,164		29.0	%		244,671		203,306		20.3	%
Research and development		13,641		10,887		25.3	%		41,800		31,106		34.4	%
Operating income		51,863		41,586		24.7	%		152,148		112,491		35.3	%
Income from continuing operations before taxes		40,384		29,888		35.1	%		116,428		75,444		54.3	%
Income from continuing operations		31,365		22,644		38.5	%		88,264		58,559		50.7	%

Revenues increased in the three and nine months ended October 2, 2011 from the comparable periods of 2010 for the following reasons:

• Acquisitions contributed $38.1 million and $104.0 million, respectively, to the increase in revenues.

• An increase in sales prices due to increased copper costs resulted in a revenue increase of $26.4 million and $73.4 million, respectively.

• Favorable currency translation resulted in a revenue increase of $14.3 million and $35.8 million, respectively. While the favorable currency translation was primarily due to the euro strengthening against the U.S. dollar, there was also favorable currency translation due to the Canadian dollar and Chinese renminbi strengthening against the U.S. dollar.

• The remaining increase in revenues of $44.0 million and $112.5 million, respectively, was due to increases in unit sales volume, primarily due to market growth and increased share in many of our end markets, as well as pricing changes related to non-copper commodity cost increases and other pricing changes.

Gross profit increased in the three and nine months ended October 2, 2011 from the comparable periods of 2010 due to the increases in revenues as discussed above and improved product group mix. The improved product group mix reflects more revenues from relatively higher gross profit margin networking and connectivity products. In addition, operating income increased due to decreases in severance and other restructuring costs. In the three and nine months ended October 3, 2010, cost of sales included $1.7 million and $11.4 million, respectively, of severance and other restructuring costs, such as equipment relocation and contract termination costs. Cost of sales did not include significant severance and other restructuring costs in the three and nine months ended October 2, 2011. The decreases were due to the completion of our previously announced global restructuring actions.

Selling, general and administrative expenses increased in the three and nine months ended October 2, 2011 from the comparable periods of 2010. The increases are primarily due to investments in our strategic initiatives, including our Market Delivery System and Talent Management. The increases in

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costs are also due in part to our recent acquisitions. The year-over-year percentage increases in selling, general and administrative expenses were less than the percentage increases in revenues due to the benefits of the successful execution of our Lean Enterprise strategies and our completed restructuring actions.

The increases in research and development costs in the three and nine months ended October 2, 2011 from the comparable periods of 2010 are primarily due to our recent acquisitions. The increases in costs are also due in part to increases in new product development costs, primarily for networking products.

Operating income increased in the three and nine months ended October 2, 2011 from the comparable periods of 2010 due to the increases in revenues and gross profit and the decreases in severance and other restructuring costs as discussed above. In addition, operating income increased due to the benefits of our completed restructuring actions, the successful execution of our regional manufacturing and Lean enterprise strategies, and our recent acquisitions.

Income from continuing operations before taxes increased in the three and nine months ended October 2, 2011 due to the increases in operating income discussed above and decreases in interest expense. Interest expense in the three and nine months ended October 3, 2010 included a $0.2 million and $2.9 million loss on derivative and hedging activity, respectively. There were no losses on derivative and hedging activities in the three and nine months ended October 2, 2011. These increases in income for the nine months ended October 2, 2011 were partially offset by decreases in other income. In the nine months ended October 3, 2010, we recognized $1.5 million of other income due to an escrow settlement related to a prior acquisition. There was no other income recorded for the three and nine months ended October 2, 2011.

We recognized income tax expense of $9.0 million and $28.2 million, respectively, for the three and nine months ended October 2, 2011. Our effective tax rate for the nine months ended October 2, 2011 was 24.2% compared to 22.4% in the nine months ended October 3, 2010. This change is primarily attributable to the jurisdictional mix of income from continuing operations before taxes. In addition, income tax expense for the nine months ended October 2, 2011 reflects a net $4.7 million benefit due to the reduction of deferred tax asset valuation allowances primarily in foreign jurisdictions and a $1.9 million benefit due to the reduction of our reserve for uncertain tax positions. Income tax expense for the nine months ended October 3, 2010 included a $1.9 million benefit due to the settlement of a foreign tax audit.

Americas Segment

	Three Months Ended						% Change			Nine Months Ended						% Change
	October 2, 2011			October 3, 2010						October 2, 2011			October 3, 2010
				(In thousands, except percentages)
Total revenues	$	335,167		$	243,868			37.4	%	$	961,440		$	723,590			32.9	%
Operating income		39,636			30,474			30.1	%		111,587			81,315			37.2	%
as a percent of total revenues		11.8	%		12.5	%					11.6	%		11.2	%

Americas total revenues, which include affiliate revenues, increased in the three and nine months ended October 2, 2011 from the comparable periods of 2010. Acquisitions contributed $38.1 million and $104.0 million, respectively, to the increase in revenues. Higher selling prices due to increases in copper costs contributed $13.6 million and $40.6 million, respectively, to the increase in revenues. The increase in revenues was also due to favorable currency translation of $2.9 million and $8.5 million, respectively, resulting primarily from the Canadian dollar strengthening against the U.S. dollar. The remaining increase in revenues of $38.5 million and $87.9 million, respectively, was primarily due to higher unit sales volume, as well as pricing changes related to non-copper commodity cost increases and other pricing changes. The increases in revenues were partially offset by changes in affiliate sales, which resulted in decreases in revenues of $1.8 million and $3.1 million, respectively.

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Operating income increased in the three and nine months ended October 2, 2011 from the comparable period of 2010 primarily due to the increases in revenues discussed above. Operating income also increased due to reductions in severance and other restructuring costs. In the three and nine months ended October 3, 2010, the segment recognized $1.3 million and $9.9 million, respectively, of severance and other restructuring costs. The segment did not recognize significant severance or other restructuring costs in the three and nine months ended October 2, 2011.

EMEA Segment

	Three Months Ended						% Change			Nine Months Ended						% Change
	October 2, 2011			October 3, 2010						October 2, 2011			October 3, 2010
				(In thousands, except percentages)
Total revenues	$	134,508		$	111,104			21.1	%	$	403,844		$	326,470			23.7	%
Operating income		22,767			14,850			53.3	%		63,334			41,152			53.9	%
as a percent of total revenues		16.9	%		13.4	%					15.7	%		12.6	%

EMEA total revenues, which include affiliate revenues, increased in the three and nine months ended October 2, 2011 from the comparable periods of 2010 due to higher affiliate sales of $10.1 million and $27.6 million, respectively. The increase in revenues was also due to favorable currency translation of $9.1 million and $21.3 million, respectively, resulting primarily from the euro strengthening against the U.S. dollar. Higher selling prices due to increases in copper costs contributed $4.2 million and $9.5 million, respectively, to the increase in revenues. The remaining increase in revenues of $19.0 million for the nine months ended October 2, 2011 was primarily due to higher unit sales volume, as well as pricing changes related to non-copper commodity cost increases and other pricing changes.

Operating income increased in the three and nine months ended October 2, 2011 primarily due to the increases in revenues discussed above. In addition, operating income was positively impacted by decreases in restructuring costs. In the three and nine months ended October 3, 2010, the segment recognized $0.4 million and $1.9 million, respectively, of costs related to various restructuring actions, including contract termination costs. The segment did not recognize significant restructuring costs for the three and nine months ended October 2, 2011. Operating income also increased in the nine months ended October 2, 2011 due to an increase in income from an equity method investment of $0.3 million. For the three months ended October 2, 2011, the increases in operating income were partially offset by a decrease in income from an equity method investment of $1.6 million. Our equity method investment relates to our ownership interest of a joint venture in China.

Asia Pacific Segment

	Three Months Ended						% Change			Nine Months Ended						% Change
	October 2, 2011			October 3, 2010						October 2, 2011			October 3, 2010
				(In thousands, except percentages)
Total revenues	$	90,911		$	74,397			22.2	%	$	267,371		$	231,851			15.3	%
Operating income		6,980			8,629			-19.1	%		22,581			22,172			1.8	%
as a percent of total revenues		7.7	%		11.6	%					8.4	%		9.6	%

Asia Pacific total revenues, which include affiliate revenues, increased in the three and nine months ended October 2, 2011 from the comparable periods of 2010 primarily due to higher selling prices as a result of an increase in copper costs of $8.6 million and $23.4 million, respectively. Favorable currency translation, primarily from the Chinese renminbi strengthening against the U.S. dollar, resulted in $2.2 million and $5.9 million of the increase in revenues, respectively. Higher affiliate sales contributed $0.2 million and $0.6 million, respectively, to the increase in revenues. The remaining increase in revenues of $5.5 million and $5.6 million, respectively, was primarily due to higher unit sales volume, as well as pricing changes related to non-copper commodity costs and other pricing changes.

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Operating income decreased in the three months ended October 2, 2011 from the comparable period of 2010. A challenging pricing environment in the consumer electronics end market and strategic investments in the region more than offset the increases in operating income due to the increases in revenue and favorable product group mix. Our strategic investments in the segment included investments in the Market Delivery System, Lean Enterprise, and Talent Management. Operating income increased in the nine months ended October 2, 2011 from the comparable period of 2010 due to the increases in revenue discussed above and favorable product group mix. The increases in operating income were partially offset by investments in our strategic initiatives in the segment, including our Market Delivery System, Lean Enterprise, and Talent Management.

Discontinued Operations

On December 16, 2010, we completed the sale of Trapeze. The Trapeze operations comprised the entirety of the former Wireless segment. For the three and nine months ended October 3, 2010, we recognized a loss of $3.1 million ($1.9 million net of tax) and $8.9 million ($6.1 million net of tax), respectively, related to the Trapeze operations, which is included in discontinued operations.

During 2005, we completed the sale of our discontinued communications cable operation in Phoenix, Arizona. In connection with this sale and related tax deductions, we established a reserve for uncertain tax positions. For the three and nine months ended October 2, 2011, we recognized $0.2 million and $0.7 million of interest expense, respectively ($0.2 million and $0.4 million net of tax, respectively) related to the uncertain tax positions, which is included in discontinued operations. For the three and nine months ended July 4, 2010, we recognized $0.2 million and $0.7 million of interest expense, respectively ($0.1 million and $0.4 million net of tax, respectively) related to the uncertain tax positions, which is included in discontinued operations.

Liquidity and Capital Resources

Significant factors affecting our cash liquidity include (1) cash from operating activities, (2) disposals of tangible assets, (3) exercises of stock options, (4) cash used for acquisitions, restructuring actions, capital expenditures, share repurchases, dividends, and senior subordinated note repurchases, and (5) our available credit facilities and other borrowing arrangements. For the full year, we expect our operating activities to generate cash and believe our sources of liquidity are sufficient to fund current working capital requirements, capital expenditures, contributions to our retirement plans, share repurchases, senior subordinated note repurchases, quarterly dividend payments, and our short-term operating strategies. Our ability to continue to fund our future needs from business operations could be affected by many factors, including, but not limited to: economic conditions worldwide, customer demand, competitive market forces, customer acceptance of our product mix, and commodities pricing.

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The following table is derived from our Consolidated Cash Flow Statements:

	Nine Months Ended
	October 2, 2011			October 3, 2010
	(In thousands)
Net cash provided by (used for):
Operating activities	$	99,462		$	55,411
Investing activities		(80,262	)		(16,703	)
Financing activities		(29,030	)		(48,622	)
Effects of currency exchange rate changes on cash and cash equivalents		(633	)		(2,884	)
Decrease in cash and cash equivalents		(10,463	)		(12,798	)
Cash and cash equivalents, beginning of period		358,653			308,879
Cash and cash equivalents, end of period	$	348,190		$	296,081

Net cash provided by operating activities, a key source of our liquidity, increased by $44.1 million for the nine months ended October 2, 2011 from the comparable period of 2010. The $35.8 million increase in net income is the most significant factor impacting the increase in net cash provided by operating activities.

In addition, net cash provided by operating activities increased for the nine months ended October 2, 2011 from the nine months ended October 3, 2010 due to changes in operating assets and liabilities. For the nine months ended October 2, 2011, changes in operating assets and liabilities were a use of cash of $27.5 million, as compared to a use of cash of $39.1 million for the nine months ended October 3, 2010. Accounts receivable were a use of cash of $42.2 million for the nine months ended October 2, 2011, compared to a use of cash of $51.9 million for the nine months ended October 3, 2010. Accounts receivable were a use of cash for the period due to our 27% increase in revenues for the nine months ended October 2, 2011 as compared to the prior year. While accounts receivable increased due to our revenue growth, our days’ sales outstanding improved from 64 days as of October 3, 2010 to 61 days as of October 2, 2011. We calculate days’ sales outstanding by dividing accounts receivable as of the end of the quarter by the average daily revenues recognized during the quarter. Inventories were a use of cash of $17.0 million for the nine months ended October 2, 2011, compared to a use of cash of $20.9 million for the nine months ended October 3, 2010. Inventory turns increased from 6.8 turns as of October 3, 2010 to 7.4 turns as of October 2, 2011. We calculate inventory turns by dividing annualized cost of sales for the quarter by the inventory balance at the end of the quarter. The increase in inventory turns primarily was due to the implementation of our strategic initiative regarding Lean Enterprise.

Net cash used for investing activities totaled $80.3 million for the nine months ended October 2, 2011 compared to $16.7 million for the nine months ended October 3, 2010. Investing activities for the nine months ended October 2, 2011 included payments for our acquisitions, net of cash acquired, of $59.7 million, capital expenditures of $21.8 million, and the receipt of $1.2 million of proceeds from the sale of real estate in the Americas segment. Investing activities for the nine months ended October 3, 2010 included capital expenditures of $19.2 million and the receipt of $2.3 million of proceeds from the sale of real estate in the EMEA segment. We did not complete any acquisitions during the nine months ended October 3, 2010.

Net cash used for financing activities for the nine months ended October 2, 2011 totaled $29.0 million compared to $48.6 million for the nine months ended October 3, 2010. The most significant component of cash used for financing activities for the nine months ended October 2, 2011 was payments under our

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share repurchase program of $25.0 million through a prepaid variable share repurchase agreement. The most significant component of cash used for financing activities for the nine months ended October 3, 2010 was the repayment of $46.3 million of outstanding borrowings under our revolving credit facility.

Our outstanding debt obligations as of October 2, 2011 consisted of $350.0 million aggregate principal of 7.0% senior subordinated notes due 2017 and $200.0 million aggregate principal of 9.25% senior subordinated notes due 2019. As of October 2, 2011, there were no outstanding borrowings under our Senior Secured Facility, and we had $381.8 million in available borrowing capacity. As of October 2, 2011, we were in compliance with all of the covenants of the facility.

The indentures governing our senior subordinated notes require that we reinvest the proceeds from qualifying dispositions of assets in the business. To the extent that such proceeds are not reinvested (excess proceeds), we are required to offer to repurchase our notes at par. We expect to make such an offer during the three months ended December 31, 2011, as a result of estimated excess proceeds of approximately $40.0 million—$50.0 million from our disposition of Trapeze in 2010. As of October 2, 2011, the senior subordinated notes were trading above par.

Additional discussion regarding our various borrowing arrangements is included in Note 7 to the Consolidated Financial Statements.

Forward Looking Statements

Statements in this report other than historical facts are “forward looking statements” made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. Forward looking statements include any statements regarding future revenues, costs and expenses, operating income, earnings per share, margins, cash flows, dividends, and capital expenditures. These forward looking statements are based on forecasts and projections about the markets and industries which we serve and about general economic conditions. They reflect management’s beliefs and expectations. They are not guarantees of future performance, and they involve risk and uncertainty. Our actual results may differ materially from these expectations. Changes in the global economy may impact our results. Turbulence in financial markets may increase our borrowing costs. Additional factors that may cause actual results to differ from our expectations include: our reliance on key distributors in marketing products; our ability to execute and realize the expected benefits from strategic initiatives (including revenue growth, cost control and productivity improvement programs); changes in the level of economic activity in our major geographic markets; difficulties in realigning manufacturing capacity and capabilities among our global manufacturing facilities; the competitiveness of the global cable, connectivity, and networking industries; variability in our quarterly and annual effective tax rates; changes in accounting rules and interpretations of those rules which may affect our reported earnings; changes in currency exchange rates and political and economic uncertainties in the countries where we conduct business; demand for our products; the cost and availability of materials including copper, plastic compounds derived from fossil fuels, electronic components, and other materials; energy costs; our ability to achieve acquisition performance expectations and to integrate acquired businesses successfully; our ability to develop and introduce new products; having to recognize charges that would reduce income as a result of impairing goodwill and other intangible assets; security risks and the potential for business interruption from operating in volatile countries; disruptions or failures of our (or our suppliers or customers) systems or operations in the event of a major earthquake, weather event, cyber-attack, terrorist attack, or other catastrophic event that could cause delays in completing sales, providing services, or performing other mission-critical functions; and other factors.

For a more complete discussion of risk factors, please see our Annual Report on Form 10-K for the year ended December 31, 2010 filed with the Securities and Exchange Commission on February 25, 2011. We disclaim any duty to update any forward looking statements as a result of new information, future developments, or otherwise.

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Item 3: Quantitative and Qualitative Disclosures about Market Risks

Item 7A of our 2010 Annual Report on Form 10-K provides more information as to the practices and instruments that we use to manage market risks. There were no material changes in our exposure to market risks since December 31, 2010.

Item 4: Controls and Procedures

As of the end of the period covered by this report, we conducted an evaluation, under the supervision and with the participation of the principal executive officer and principal financial officer, of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). Based on this evaluation, the principal executive officer and principal financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.

There was no change in our internal control over financial reporting during our most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II OTHER INFORMATION

Item 1: Legal Proceedings

We are a party to various legal proceedings and administrative actions that are incidental to our operations. These proceedings include personal injury cases, 87 of which are pending as of October 31, 2011, in which we are one of many defendants. Electricians have filed a majority of these cases, primarily in Pennsylvania and Illinois, generally seeking compensatory, special, and punitive damages. Typically in these cases, the claimant alleges injury from alleged exposure to a heat-resistant asbestos fiber. Our alleged predecessors had a small number of products that contained the fiber, but ceased production of such products more than 20 years ago. Through October 31, 2011, we have been dismissed, or reached agreement to be dismissed, in more than 400 similar cases without any going to trial, and with only a small number of these involving any payment to the claimant. In our opinion, the proceedings and actions in which we are involved should not, individually or in the aggregate, have a material adverse effect on our financial condition, operating results, or cash flows. However, since the trends and outcome of this litigation are inherently uncertain, we cannot give absolute assurance regarding the future resolution of such litigation, or that such litigation may not become material in the future.

Item 1A: Risk Factors

There have been no material changes with respect to risk factors as previously disclosed in our 2010 Annual Report on Form 10-K, except as noted below. The information below updates, and should be read in conjunction with, the risk factors and information disclosed in our Form 10-K.

We may be unable to achieve our strategic priorities in emerging markets.

Emerging markets are a significant focus of our strategic plan, and our presence in emerging markets expanded on April 1, 2011 with our acquisition of Poliron in Brazil. The developing nature of these markets presents a number of risks. We may be unable to attract, develop, and retain appropriate talent to

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manage our businesses in emerging markets. Deterioration of social, political, labor, or economic conditions in a specific country or region may adversely affect our operations or financial results. Among the risks in emerging market countries are bureaucratic intrusions and delays, contract compliance failures, fluctuating currencies and interest rates, limitations on the amount and nature of investments and the repatriation of cash, restrictions on permissible forms and structures of investment, unreliable legal and financial infrastructure, regime disruption and political unrest, uncontrolled inflation and commodity prices, fierce local competition with better political connections, and corruption.

Item 2: Unregistered Sales of Equity Securities and Use of Proceeds

Set forth below is information regarding our stock repurchases for the three months ended October 2, 2011.

Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs (1)		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
July 4, 2011 through July 31, 2011		—	$	—		—	$	150,000,000
August 1, 2011 through August 28, 2011		—		—		—		150,000,000
August 29, 2011 through October 2, 2011		866,930		28.84		866,930		125,000,000
Total		866,930	$	28.84		866,930	$	125,000,000

(1) In July 2011, our Board of Directors authorized a share repurchase program, which allows us to purchase up to $150.0 million of our common stock through open market repurchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. The program does not have an expiration date and may be suspended at any time at the discretion of the Company.

Item 6: Exhibits

Exhibit 31.1	Certificate of the Chief Executive Officer pursuant to § 302 of the Sarbanes-Oxley Act of 2002.
Exhibit 31.2	Certificate of the Chief Financial Officer pursuant to § 302 of the Sarbanes-Oxley Act of 2002.
Exhibit 32.1	Certificate of the Chief Executive Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002.
Exhibit 32.2	Certificate of the Chief Financial Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002.
Exhibit 101.INS	XBRL Instance Document
Exhibit 101.SCH	XBRL Taxonomy Extension Schema
Exhibit 101.CAL	XBRL Taxonomy Extension Calculation
Exhibit 101.DEF	XBRL Taxonomy Extension Definition
Exhibit 101.LAB	XBRL Taxonomy Extension Label
Exhibit 101.PRE	XBRL Taxonomy Extension Presentation

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	BELDEN INC.
Date:    November 9, 2011	By:	/s/ John S. Stroup
		John S. Stroup
		President, Chief Executive Officer and Director
Date:    November 9, 2011	By:	/s/ Gray G. Benoist
		Gray G. Benoist
		Senior Vice President, Finance and Chief Financial Officer
Date:    November 9, 2011	By:	/s/ John S. Norman
		John S. Norman
		Vice President, Controller and Chief Accounting Officer

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EX-31.1

Exhibit 31.1

CERTIFICATE PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

I, John S. Stroup, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Belden Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of circumstances under which the statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report, based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

November 9, 2011
	/s/ John S. Stroup
	John S. Stroup
	President, Chief Executive Officer and Director

EX-31.2

Exhibit 31.2

CERTIFICATE PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

I, Gray G. Benoist, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Belden Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of circumstances under which the statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report, based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

November 9, 2011
	/s/ Gray G. Benoist
	Gray G. Benoist
	Senior Vice President, Finance and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATE PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Belden Inc. (the “Company”) on Form 10-Q for the period ended October 2, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, John S. Stroup, President, Chief Executive Officer and Director of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ John S. Stroup

John S. Stroup

President, Chief Executive Officer and Director

November 9, 2011

EX-32.2

Exhibit 32.2

CERTIFICATE PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Belden Inc. (the “Company”) on Form 10-Q for the period ended October 2, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Gray G. Benoist, Senior Vice President, Finance, Chief Financial Officer, and Chief Accounting Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Gray G. Benoist

Gray G. Benoist

Senior Vice President, Finance and Chief Financial Officer

November 9, 2011

XML

Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Consolidated Statements of Operations [Abstract]
Revenues	$ 519,713	$ 396,927	$ 1,517,592	$ 1,191,914
Cost of sales	(366,962)	(278,743)	(1,077,772)	(846,016)
Gross profit	152,751	118,184	439,820	345,898
Selling, general and administrative expenses	(85,355)	(66,164)	(244,671)	(203,306)
Research and development	(13,641)	(10,887)	(41,800)	(31,106)
Amortization of intangibles	(3,371)	(2,600)	(10,397)	(7,900)
Income from equity method investment	1,479	3,053	9,196	8,905
Operating income	51,863	41,586	152,148	112,491
Interest expense	(11,690)	(11,778)	(36,246)	(38,910)
Interest income	211	80	526	398
Other income				1,465
Income (loss) from continuing operations before taxes	40,384	29,888	116,428	75,444
Income tax expense	(9,019)	(7,244)	(28,164)	(16,885)
Income (loss) from continuing operations	31,365	22,644	88,264	58,559
Loss from discontinued operations, net of tax	(162)	(2,039)	(446)	(6,535)
Net income (loss)	$ 31,203	$ 20,605	$ 87,818	$ 52,024
Weighted average number of common shares and equivalents:
Basic	47,344	46,813	47,317	46,762
Diluted	48,244	47,721	48,329	47,665
Basic income (loss) per share:
Continuing operations	$ 0.66	$ 0.48	$ 1.87	$ 1.25
Discontinued operations		$ (0.04)	$ (0.01)	$ (0.14)
Net Income	$ 0.66	$ 0.44	$ 1.86	$ 1.11
Diluted income (loss) per share:
Continuing operations	$ 0.65	$ 0.47	$ 1.83	$ 1.23
Discontinued operations		$ (0.04)	$ (0.01)	$ (0.14)
Net Income	$ 0.65	$ 0.43	$ 1.82	$ 1.09
Dividends declared per share	$ 0.05	$ 0.05	$ 0.15	$ 0.15

XML

Consolidated Cash Flow Statements (Unaudited) (USD $) In Thousands	9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010
Cash flows from operating activities:
Net income	$ 87,818	$ 52,024
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	37,676	41,525
Share-based compensation	8,380	9,539
Pension funding less than (greater than) pension expense	2,782	(5,753)
Provision for inventory obsolescence	1,285	2,924
Non-cash loss on derivatives and hedging instruments	0	2,893
Tax deficiency (benefit) related to share-based compensation	(1,802)	239
Income from equity method investment	(9,196)	(8,905)
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes and acquired businesses:
Receivables	(42,184)	(51,874)
Inventories	(16,953)	(20,898)
Accounts payable	15,141	34,288
Accrued liabilities	6,301	(4,519)
Accrued taxes	17,850	(1,295)
Other assets	(87)	16,234
Other liabilities	(7,549)	(11,011)
Net cash provided by operating activities	99,462	55,411
Cash flows from investing activities:
Cash used to acquire businesses, net of cash acquired	(59,708)
Capital expenditures	(21,760)	(19,198)
Proceeds from disposal of tangible assets	1,206	2,332
Cash provided by other investing activities		163
Net cash used for investing activities	(80,262)	(16,703)
Cash flows from financing activities:
Payments under share repurchase program	(25,000)
Cash dividends paid	(7,090)	(7,052)
Debt issuance costs	(3,296)
Tax benefit (deficiency) related to share-based compensation	1,802	(239)
Proceeds from exercise of stock options	4,554	720
Cash received upon termination of derivative instruments		4,217
Payments under borrowing arrangements		(46,268)
Net cash used for financing activities	(29,030)	(48,622)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(633)	(2,884)
Increase (decrease) in cash and cash equivalents	(10,463)	(12,798)
Cash and cash equivalents, beginning of period	358,653	308,879
Cash and cash equivalents, end of period	$ 348,190	$ 296,081

XML

Inventories (Tables)

9 Months Ended

Oct. 02, 2011

Inventories [Abstract]

Major classes of inventories

The major classes of inventories were as follows:

	October 2, 2011			December 31, 2010
	(In thousands)
Raw materials	$	75,896		$	64,146
Work-in-process		45,734			42,193
Finished goods		92,849			87,982
Perishable tooling and supplies		3,192			3,615
Gross inventories		217,671			197,936
Obsolescence and other reserves		(20,571	)		(22,277	)
Net inventories	$	197,100		$	175,659

XML

Document and Entity Information	9 Months Ended
	Oct. 02, 2011	Nov. 07, 2011
Document and Entity Information [Abstract]
Entity Registrant Name	BELDEN INC.
Entity Central Index Key	0000913142
Document Type	10-Q
Document Period End Date	Oct. 02, 2011
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		46,588,037

XML

Supplemental Guarantor Information (Tables)

9 Months Ended

Oct. 02, 2011

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidating Balance Sheets

Supplemental Condensed Consolidating Balance Sheets

	October 2, 2011
	Issuer			Non- Guarantor Subsidiaries		Eliminations			Total
	(Unaudited) (In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	72,858		$	275,332	$	—		$	348,190
Receivables, net		141,702			207,545		—			349,247
Inventories, net		108,578			88,522		—			197,100
Deferred income taxes		7,745			1,914		—			9,659
Other current assets		9,773			12,074		—			21,847
Total current assets		340,656			585,387		—			926,043
Property, plant and equipment, less accumulated depreciation		124,694			159,298		—			283,992
Goodwill		220,842			132,005		—			352,847
Intangible assets, less accumulated amortization		66,582			89,814		—			156,396
Deferred income taxes		7,249			13,748		—			20,997
Other long-lived assets		13,863			56,514		—			70,377
Investment in subsidiaries		1,303,682			—		(1,303,682	)		—
	$	2,077,568		$	1,036,766	$	(1,303,682	)	$	1,810,652
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	98,804		$	135,185	$	—		$	233,989
Accrued liabilities		77,265			89,264		—			166,529
Total current liabilities		176,069			224,449		—			400,518
Long-term debt		550,955			—		—			550,955
Postretirement benefits		30,670			86,256		—			116,926
Other long-term liabilities		22,227			10,312		—			32,539
Intercompany accounts		(39,565	)		39,565		—			—
Total stockholders’ equity		1,337,212			676,184		(1,303,682	)		709,714
	$	2,077,568		$	1,036,766	$	(1,303,682	)	$	1,810,652

	December 31, 2010
	Issuer			Non- Guarantor Subsidiaries		Eliminations			Total
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	173,699		$	184,954	$	—		$	358,653
Receivables, net		117,303			180,963		—			298,266
Inventories, net		109,127			66,532		—			175,659
Deferred income taxes		5,590			3,883		—			9,473
Other current assets		10,199			8,605		—			18,804
Total current assets		415,918			444,937		—			860,855
Property, plant and equipment, less accumulated depreciation		120,857			158,009		—			278,866
Goodwill		258,094			64,462		—			322,556
Intangible assets, less accumulated amortization		93,695			50,125		—			143,820
Deferred income taxes		9,342			18,223		—			27,565
Other long-lived assets		12,771			50,051		—			62,822
Investment in subsidiaries		1,227,959			—		(1,227,959)			—
	$	2,138,636		$	785,807	$	(1,227,959	)	$	1,696,484
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	92,996		$	119,088	$	—		$	212,084
Accrued liabilities		78,013			67,827		—			145,840
Total current liabilities		171,009			186,915		—			357,924
Long-term debt		551,155			—		—			551,155
Postretirement benefits		27,949			84,477		—			112,426
Other long-term liabilities		30,047			6,417		—			36,464
Intercompany accounts		(249,051	)		249,051		—			—
Total stockholders’ equity		1,607,527			258,947		(1,227,959	)		638,515
	$	2,138,636		$	785,807	$	(1,227,959	)	$	1,696,484

Supplemental Condensed Consolidating Statements of Operations

Supplemental Condensed Consolidating Statements of Operations (Unaudited)

	Three Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	270,679		$	316,087		$	(67,053	)	$	519,713
Cost of sales		(207,466	)		(226,549	)		67,053			(366,962	)
Gross profit		63,213			89,538			—			152,751
Selling, general and administrative expenses		(46,932	)		(38,423	)		—			(85,355	)
Research and development		(2,486	)		(11,155	)		—			(13,641	)
Amortization of intangibles		(820	)		(2,551	)		—			(3,371	)
Income from equity method investment		—			1,479			—			1,479
Operating income		12,975			38,888			—			51,863
Interest expense		(11,662	)		(28	)		—			(11,690	)
Interest income		12			199			—			211
Intercompany income (expense)		9,622			(9,622	)		—			—
Income (loss) from equity investment in subsidiaries		22,936			—			(22,936	)		—
Income (loss) from continuing operations before taxes		33,883			29,437			(22,936	)		40,384
Income tax expense		(2,518	)		(6,501	)		—			(9,019	)
Income (loss) from continuing operations		31,365			22,936			(22,936	)		31,365
Loss from discontinued operations, net of tax		(162	)		—			—			(162	)
Net income (loss)	$	31,203		$	22,936		$	(22,936	)	$	31,203

	Three Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	242,794		$	193,624		$	(39,491	)	$	396,927
Cost of sales		(168,201	)		(150,033	)		39,491			(278,743	)
Gross profit		74,593			43,591			—			118,184
Selling, general and administrative expenses		(42,272	)		(23,892	)		—			(66,164	)
Research and development		(3,315	)		(7,572	)		—			(10,887	)
Amortization of intangibles		(727	)		(1,873	)		—			(2,600	)
Income from equity method investment		—			3,053			—			3,053
Operating income		28,279			13,307			—			41,586
Interest expense		(11,451	)		(327	)		—			(11,778	)
Interest income		45			35			—			80
Intercompany income (expense)		(514	)		514			—			—
Income (loss) from equity investment in subsidiaries		10,658			—			(10,658	)		—
Income (loss) from continuing operations before taxes		27,017			13,529			(10,658	)		29,888
Income tax expense		(4,373	)		(2,871	)		—			(7,244	)
Income (loss) from continuing operations		22,644			10,658			(10,658	)		22,644
Loss from discontinued operations, net of tax		(2,039	)		—			—			(2,039	)
Net income (loss)	$	20,605		$	10,658		$	(10,658	)	$	20,605

	Nine Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	792,028		$	887,652		$	(162,088	)	$	1,517,592
Cost of sales		(596,368	)		(643,492	)		162,088			(1,077,772	)
Gross profit		195,660			244,160			—			439,820
Selling, general and administrative expenses		(130,750	)		(113,921	)		—			(244,671	)
Research and development		(8,136	)		(33,664	)		—			(41,800	)
Amortization of intangibles		(2,460	)		(7,937	)		—			(10,397	)
Income from equity method investment		—			9,196			—			9,196
Operating income		54,314			97,834			—			152,148
Interest expense		(35,606	)		(640	)		—			(36,246	)
Interest income		84			442			—			526
Intercompany income (expense)		(5,064	)		5,064			—			—
Income (loss) from equity investment in subsidiaries		78,589			—			(78,589	)		—
Income (loss) from continuing operations before taxes		92,317			102,700			(78,589	)		116,428
Income tax expense		(4,053	)		(24,111	)		—			(28,164	)
Income (loss) from continuing operations		88,264			78,589			(78,589	)		88,264
Loss from discontinued operations, net of tax		(446	)		—			—			(446	)
Net income (loss)	$	87,818		$	78,589		$	(78,589	)	$	87,818

	Nine Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
				(In thousands)
Revenues	$	639,496		$	667,123		$	(114,705	)	$	1,191,914
Cost of sales		(452,287	)		(508,434	)		114,705			(846,016	)
Gross profit		187,209			158,689			—			345,898
Selling, general and administrative expenses		(117,205	)		(86,101	)		—			(203,306	)
Research and development		(8,601	)		(22,505	)		—			(31,106	)
Amortization of intangibles		(2,193	)		(5,707	)		—			(7,900	)
Income from equity method investment		—			8,905			—			8,905
Operating income		59,210			53,281			—			112,491
Interest expense		(38,676	)		(234	)		—			(38,910	)
Interest income		124			274			—			398
Other income		—			1,465			—			1,465
Intercompany income (expense)		(820	)		820			—			—
Income (loss) from equity investment in subsidiaries		42,936			—			(42,936	)		—
Income (loss) from continuing operations before taxes		62,774			55,606			(42,936	)		75,444
Income tax expense		(4,215	)		(12,670	)		—			(16,885	)
Income (loss) from continuing operations		58,559			42,936			(42,936	)		58,559
Loss from discontinued operations, net of tax		(6,535	)		—			—			(6,535	)
Net income (loss)	$	52,024		$	42,936		$	(42,936	)	$	52,024

Supplemental Condensed Consolidating Statements of Cash Flows

Supplemental Condensed Consolidating Statements of Cash Flows (Unaudited)

	Nine Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	(911	)	$	100,373		$	99,462
Cash flows from investing activities:
Cash used to acquire businesses, net of cash acquired		(59,708	)		—			(59,708	)
Capital expenditures		(12,327	)		(9,433	)		(21,760	)
Proceeds from disposal of tangible assets		1,135			71			1,206
Net cash used for investing activities		(70,900	)		(9,362	)		(80,262	)
Cash flows from financing activities:
Payments under share repurchase program		(25,000	)		—			(25,000	)
Cash dividends paid		(7,090	)		—			(7,090	)
Debt issuance costs		(3,296	)		—			(3,296	)
Tax benefit related to share-based compensation		1,802			—			1,802
Proceeds from exercise of stock options		4,554			—			4,554
Net cash used for financing activities		(29,030	)		—			(29,030	)
Effect of currency exchange rate changes on cash and cash equivalents		—			(633	)		(633	)
Increase (decrease) in cash and cash equivalents		(100,841	)		90,378			(10,463	)
Cash and cash equivalents, beginning of period		173,699			184,954			358,653
Cash and cash equivalents, end of period	$	72,858		$	275,332		$	348,190

	Nine Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	106,459		$	(51,048	)	$	55,411
Cash flows from investing activities:
Capital expenditures		(10,142	)		(9,056	)		(19,198	)
Proceeds from disposal of tangible assets		2,314			18			2,332
Cash provided by other investing activities		163			—			163
Net cash used for investing activities		(7,665	)		(9,038	)		(16,703	)
Cash flows from financing activities:
Payments under borrowing arrangements		(46,268	)		—			(46,268	)
Cash dividends paid		(7,052	)		—			(7,052	)
Tax deficiency related to share-based compensation		(239	)		—			(239	)
Proceeds from exercise of stock options		720			—			720
Cash received upon termination of derivative instruments		4,217			—			4,217
Net cash used for financing activities		(48,622	)		—			(48,622	)
Effect of currency exchange rate changes on cash and cash equivalents		—			(2,884	)		(2,884	)
Increase (decrease) in cash and cash equivalents		50,172			(62,970	)		(12,798	)
Cash and cash equivalents, beginning of period		58,855			250,024			308,879
Cash and cash equivalents, end of period	$	109,027		$	187,054		$	296,081

XML

Long-Lived Assets

9 Months Ended

Oct. 02, 2011

Long-Lived Assets [Abstract]

Long-Lived Assets

Note 6: Long-Lived Assets

Disposals

During the nine months ended October 2, 2011, we sold certain real estate of the Americas segment for $1.1 million. There was no gain or loss recognized on the sale.

During the nine months ended October 3, 2010, we sold certain real estate of the EMEA segment for $1.8 million. There was no gain or loss recognized on the sale.

Depreciation and Amortization Expense

We recognized depreciation expense in income from continuing operations of $9.2 million and $27.2 million in the three and nine months ended October 2, 2011, respectively. We recognized depreciation expense in income from continuing operations of $8.6 million and $28.7 million in the three and nine months ended October 3, 2010, respectively.

We recognized amortization expense related to our intangible assets in income from continuing operations of $3.4 million and $10.4 million in the three and nine months ended October 2, 2011, respectively. We recognized amortization expense related to our intangible assets in income from continuing operations of $2.6 million and $7.9 million in the three and nine months ended October 3, 2010, respectively.

XML

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Summary of Significant Accounting Policies (Textual) [Abstract]
Fair value of cash and cash equivalents based on quoted market prices in active markets Level 1 valuation	$ 45,500,000		$ 45,500,000
Other income related to escrow settlement related to indemnification for certain tax matters				1,465,000
Trapeze Networks, Inc. [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest and losses related to discontinued operations		3,100,000		8,900,000
Losses, including interest expense, related to discontinued operations, net of tax		1,900,000		6,100,000
Communications cable operation in Phoenix, Arizona [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest and losses related to discontinued operations	200,000	200,000	700,000	700,000
Losses, including interest expense, related to discontinued operations, net of tax	200,000	100,000	400,000	400,000
Bank Guaranties [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss, portion not accrued	6,000,000		6,000,000
Standby Letters Of Credit [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss, portion not accrued	10,400,000		10,400,000
Surety Bonds [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss, portion not accrued	$ 1,700,000		$ 1,700,000

XML

Supplemental Guarantor Information (Details 2) (USD $) In Thousands	9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010
Consolidated Cash Flow Statements [Abstract]
Net cash provided by (used for) operating activities	$ 99,462	$ 55,411
Cash flows from investing activities:
Cash used to acquire businesses, net of cash acquired	(59,708)
Capital expenditures	(21,760)	(19,198)
Proceeds from disposal of tangible assets	1,206	2,332
Cash provided by other investing activities		163
Net cash used for investing activities	(80,262)	(16,703)
Cash flows from financing activities:
Payments under borrowing arrangements		(46,268)
Payments under share repurchase program	(25,000)
Cash dividends paid	(7,090)	(7,052)
Debt issuance costs	(3,296)
Tax benefit (deficiency) related to share-based compensation	1,802	(239)
Proceeds from exercise of stock options	4,554	720
Cash received upon termination of derivative instruments		4,217
Net cash used for financing activities	(29,030)	(48,622)
Effect of currency exchange rate changes on cash and cash equivalents	(633)	(2,884)
Increase (decrease) in cash and cash equivalents	(10,463)	(12,798)
Cash and cash equivalents, beginning of period	358,653	308,879
Cash and cash equivalents, end of period	348,190	296,081
Issuer [Member]
Consolidated Cash Flow Statements [Abstract]
Net cash provided by (used for) operating activities	(911)	106,459
Cash flows from investing activities:
Cash used to acquire businesses, net of cash acquired	(59,708)
Capital expenditures	(12,327)	(10,142)
Proceeds from disposal of tangible assets	1,135	2,314
Cash provided by other investing activities		163
Net cash used for investing activities	(70,900)	(7,665)
Cash flows from financing activities:
Payments under borrowing arrangements		(46,268)
Payments under share repurchase program	(25,000)
Cash dividends paid	(7,090)	(7,052)
Debt issuance costs	(3,296)
Tax benefit (deficiency) related to share-based compensation	1,802	(239)
Proceeds from exercise of stock options	4,554	720
Cash received upon termination of derivative instruments		4,217
Net cash used for financing activities	(29,030)	(48,622)
Increase (decrease) in cash and cash equivalents	(100,841)	50,172
Cash and cash equivalents, beginning of period	173,699	58,855
Cash and cash equivalents, end of period	72,858	109,027
Non-Guarantor Subsidiaries [Member]
Consolidated Cash Flow Statements [Abstract]
Net cash provided by (used for) operating activities	100,373	(51,048)
Cash flows from investing activities:
Capital expenditures	(9,433)	(9,056)
Proceeds from disposal of tangible assets	71	18
Net cash used for investing activities	(9,362)	(9,038)
Cash flows from financing activities:
Effect of currency exchange rate changes on cash and cash equivalents	(633)	(2,884)
Increase (decrease) in cash and cash equivalents	90,378	(62,970)
Cash and cash equivalents, beginning of period	184,954	250,024
Cash and cash equivalents, end of period	$ 275,332	$ 187,054

XML

Pension and Other Postretirement Obligations (Details) (USD $) In Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Pension Obligations [Member]
Components of net periodic benefit costs for our pension plans
Service cost	$ 1,473	$ 1,947	$ 4,187	$ 5,111
Interest cost	2,844	4,205	8,521	11,461
Expected return on plan assets	(2,807)	(4,337)	(8,570)	(11,635)
Amortization of prior service cost (credit)	(56)	29	(128)	49
Net loss (gain) recognition	1,447	651	4,535	2,169
Net periodic benefit cost	2,901	2,495	8,545	7,155
Other Postretirement Obligations [Member]
Components of net periodic benefit costs for our pension plans
Service cost	32	28	113	80
Interest cost	577	649	1,931	1,997
Amortization of prior service cost (credit)	(54)	(48)	(173)	(165)
Net loss (gain) recognition	124	(3)	354	141
Net periodic benefit cost	$ 679	$ 626	$ 2,225	$ 2,053

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Comprehensive Income (Tables)

9 Months Ended

Oct. 02, 2011

Comprehensive Income / Share Repurchase Program [Abstract]

Total comprehensive income

The following table summarizes total comprehensive income:

	Three Months Ended					Nine Months Ended
	October 2, 2011			October 3, 2010		October 2, 2011		October 3, 2010
	(In thousands)
Net income	$	31,203		$	20,605	$	87,818	$	52,024
Foreign currency translation gain (loss)		(27,069	)		29,390		3,290		(21,872	)
Total comprehensive income	$	4,134		$	49,995	$	91,108	$	30,152

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Comprehensive Income

9 Months Ended

Oct. 02, 2011

Comprehensive Income / Share Repurchase Program [Abstract]

Comprehensive Income

Note 11: Comprehensive Income

The following table summarizes total comprehensive income:

	Three Months Ended					Nine Months Ended
	October 2, 2011			October 3, 2010		October 2, 2011		October 3, 2010
	(In thousands)
Net income	$	31,203		$	20,605	$	87,818	$	52,024
Foreign currency translation gain (loss)		(27,069	)		29,390		3,290		(21,872	)
Total comprehensive income	$	4,134		$	49,995	$	91,108	$	30,152

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Acquisitions

9 Months Ended

Oct. 02, 2011

Acquisitions [Abstract]

Acquisitions

Note 2: Acquisitions

We acquired ICM Corp. (ICM) for cash of $21.9 million on January 7, 2011. ICM is a broadcast connectivity product manufacturer located in Denver, Colorado. ICM’s strong brands and technology enhance our portfolio of broadcast products. The results of ICM have been included in our Consolidated Financial Statements from January 7, 2011, and are reported within the Americas segment. The ICM acquisition was not material to our financial position or results of operations reported as of and for the three and nine months ended October 2, 2011.

We acquired Poliron Cabos Electricos Especiais Ltda (Poliron) for cash of $29.2 million on April 1, 2011. Poliron is an industrial cable manufacturer located in Sao Paulo, Brazil. The acquisition of Poliron expands our presence in emerging markets. The results of Poliron have been included in our Consolidated Financial Statements from April 1, 2011, and are reported within the Americas segment. The Poliron acquisition was not material to our financial position or results of operations reported as of and for the three and nine months ended October 2, 2011.

We acquired Byres Security, Inc. (Byres) for cash of $7.2 million on August 31, 2011. Byres is an industrial network security company located in Vancouver, Canada. The acquisition of Byres expands our industrial networking product capabilities. The results of Byres have been included in our Consolidated Financial Statements from August 31, 2011, and are reported within the EMEA segment.

The Byres acquisition was not material to our financial position or results of operations reported as of and for the three and nine months ended October 2, 2011.

As of October 2, 2011, we recorded $28.3 million and $21.5 million of goodwill and intangible assets, respectively, due to the ICM, Poliron, and Byres acquisitions.

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Long-Term Debt and Other Borrowing Arrangements (Details Textual) (USD $)	9 Months Ended		9 Months Ended			9 Months Ended
	Oct. 02, 2011	Apr. 25, 2011	Oct. 02, 2011 $400.0 million, senior secured credit facility [Member]	Oct. 02, 2011 $230.0 million senior secured credit facility [Member]	Apr. 24, 2011 $230.0 million senior secured credit facility [Member]	Oct. 02, 2011 Senior Subordinated notes due 2017 [Member]	Oct. 02, 2011 Senior Subordinated notes due 2019 [Member]	Oct. 02, 2011 Maximum [Member]	Oct. 02, 2011 Minimum [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 400,000,000			$ 230,000,000
Maturity of borrowing capacity			2016-04-25	2013-01-31
Line of credit facility interest rate description			Under the new facility Interest on outstanding borrowings is variable, based on either the three month LIBOR rate or the prime rate
Fees associated with new senior secured credit facility	3,296,000		3,300,000
Debt Instrument [Line Items]
Face amount of senior subordinated notes						350,000,000	200,000,000
Interest rate of senior subordinated notes						7.00%	9.25%
Effective interest rate of senior subordinated notes							9.75%
Senior Subordinated Notes expiring 2017 and 2019; guarantees by subsidiaries	Notes are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our senior secured credit facility					The notes are guaranteed on a senior subordinated basis by certain of our subsidiaries	The notes are guaranteed on a senior subordinated basis by certain of our subsidiaries
Senior Subordinated Notes expiring 2017 and 2019; description of priority	Notes rank equal in right of payment with any of our future senior subordinated debt					The notes rank equal in right of payment with our senior subordinated notes due 2019 and with any future senior subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our senior secured credit facility.	The notes rank equal in right of payment with our senior subordinated notes due 2017 and with any future senior subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our senior secured credit facility.
Frequency of interest payments						Semi annually	Semi annually
Aggregate principal amount outstanding of senior subordinated notes						350,000,000	201,000,000
Estimated excess proceeds from disposition								50,000,000	40,000,000
Long-Term Debt and Other Borrowing Arrangements (Textual) [Abstract]
Line of credit facility, remaining borrowing capacity	381,800,000
Line of credit, interest rate, LIBOR term		3 months
Outstanding borrowings under the new facility	0
Fair value of debt instrument	563,900,000
Aggregate principal amount outstanding of senior subordinated notes	$ 550,000,000

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Derivatives and Hedging Activities

9 Months Ended

Oct. 02, 2011

Derivatives and Hedging Activities [Abstract]

Derivatives and Hedging Activities

Note 8: Derivatives and Hedging Activities

There were no derivatives or hedging instruments in place as of or for the three and nine months ended October 2, 2011. For each of the three and nine months ended October 3, 2010, we recorded a net loss of $0.2 million and $2.9 million, respectively, on our derivative and hedging instruments, which was classified within interest expense.

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Supplemental Guarantor Information

9 Months Ended

Oct. 02, 2011

Supplemental Guarantor Information [Abstract]

Supplemental Guarantor Information

Note 13: Supplemental Guarantor Information

As of October 2, 2011, Belden Inc. (the Issuer) has outstanding $550.0 million aggregate principal amount of senior subordinated notes. The notes rank equal in right of payment with any of our future senior subordinated debt. The notes are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our Senior Secured Facility. Belden Inc. and certain of its subsidiaries have fully and unconditionally guaranteed the notes on a joint and several basis. In addition, effective April 25, 2011, in connection with the refinancing of our Senior Secured Facility, the guarantor subsidiaries of the notes have been revised. The financial position, results of operations, and cash flows of the guarantor subsidiaries are not material and are combined with the Issuer in the following consolidating financial information. The following consolidating financial information presents information about the Issuer and non-guarantor subsidiaries. Investments in subsidiaries are accounted for on the equity basis. Intercompany transactions are eliminated.

Supplemental Condensed Consolidating Balance Sheets

	October 2, 2011
	Issuer			Non- Guarantor Subsidiaries		Eliminations			Total
	(Unaudited) (In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	72,858		$	275,332	$	—		$	348,190
Receivables, net		141,702			207,545		—			349,247
Inventories, net		108,578			88,522		—			197,100
Deferred income taxes		7,745			1,914		—			9,659
Other current assets		9,773			12,074		—			21,847
Total current assets		340,656			585,387		—			926,043
Property, plant and equipment, less accumulated depreciation		124,694			159,298		—			283,992
Goodwill		220,842			132,005		—			352,847
Intangible assets, less accumulated amortization		66,582			89,814		—			156,396
Deferred income taxes		7,249			13,748		—			20,997
Other long-lived assets		13,863			56,514		—			70,377
Investment in subsidiaries		1,303,682			—		(1,303,682	)		—
	$	2,077,568		$	1,036,766	$	(1,303,682	)	$	1,810,652
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	98,804		$	135,185	$	—		$	233,989
Accrued liabilities		77,265			89,264		—			166,529
Total current liabilities		176,069			224,449		—			400,518
Long-term debt		550,955			—		—			550,955
Postretirement benefits		30,670			86,256		—			116,926
Other long-term liabilities		22,227			10,312		—			32,539
Intercompany accounts		(39,565	)		39,565		—			—
Total stockholders’ equity		1,337,212			676,184		(1,303,682	)		709,714
	$	2,077,568		$	1,036,766	$	(1,303,682	)	$	1,810,652

	December 31, 2010
	Issuer			Non- Guarantor Subsidiaries		Eliminations			Total
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	173,699		$	184,954	$	—		$	358,653
Receivables, net		117,303			180,963		—			298,266
Inventories, net		109,127			66,532		—			175,659
Deferred income taxes		5,590			3,883		—			9,473
Other current assets		10,199			8,605		—			18,804
Total current assets		415,918			444,937		—			860,855
Property, plant and equipment, less accumulated depreciation		120,857			158,009		—			278,866
Goodwill		258,094			64,462		—			322,556
Intangible assets, less accumulated amortization		93,695			50,125		—			143,820
Deferred income taxes		9,342			18,223		—			27,565
Other long-lived assets		12,771			50,051		—			62,822
Investment in subsidiaries		1,227,959			—		(1,227,959)			—
	$	2,138,636		$	785,807	$	(1,227,959	)	$	1,696,484
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	92,996		$	119,088	$	—		$	212,084
Accrued liabilities		78,013			67,827		—			145,840
Total current liabilities		171,009			186,915		—			357,924
Long-term debt		551,155			—		—			551,155
Postretirement benefits		27,949			84,477		—			112,426
Other long-term liabilities		30,047			6,417		—			36,464
Intercompany accounts		(249,051	)		249,051		—			—
Total stockholders’ equity		1,607,527			258,947		(1,227,959	)		638,515
	$	2,138,636		$	785,807	$	(1,227,959	)	$	1,696,484

Supplemental Condensed Consolidating Statements of Operations (Unaudited)

	Three Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	270,679		$	316,087		$	(67,053	)	$	519,713
Cost of sales		(207,466	)		(226,549	)		67,053			(366,962	)
Gross profit		63,213			89,538			—			152,751
Selling, general and administrative expenses		(46,932	)		(38,423	)		—			(85,355	)
Research and development		(2,486	)		(11,155	)		—			(13,641	)
Amortization of intangibles		(820	)		(2,551	)		—			(3,371	)
Income from equity method investment		—			1,479			—			1,479
Operating income		12,975			38,888			—			51,863
Interest expense		(11,662	)		(28	)		—			(11,690	)
Interest income		12			199			—			211
Intercompany income (expense)		9,622			(9,622	)		—			—
Income (loss) from equity investment in subsidiaries		22,936			—			(22,936	)		—
Income (loss) from continuing operations before taxes		33,883			29,437			(22,936	)		40,384
Income tax expense		(2,518	)		(6,501	)		—			(9,019	)
Income (loss) from continuing operations		31,365			22,936			(22,936	)		31,365
Loss from discontinued operations, net of tax		(162	)		—			—			(162	)
Net income (loss)	$	31,203		$	22,936		$	(22,936	)	$	31,203

	Three Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	242,794		$	193,624		$	(39,491	)	$	396,927
Cost of sales		(168,201	)		(150,033	)		39,491			(278,743	)
Gross profit		74,593			43,591			—			118,184
Selling, general and administrative expenses		(42,272	)		(23,892	)		—			(66,164	)
Research and development		(3,315	)		(7,572	)		—			(10,887	)
Amortization of intangibles		(727	)		(1,873	)		—			(2,600	)
Income from equity method investment		—			3,053			—			3,053
Operating income		28,279			13,307			—			41,586
Interest expense		(11,451	)		(327	)		—			(11,778	)
Interest income		45			35			—			80
Intercompany income (expense)		(514	)		514			—			—
Income (loss) from equity investment in subsidiaries		10,658			—			(10,658	)		—
Income (loss) from continuing operations before taxes		27,017			13,529			(10,658	)		29,888
Income tax expense		(4,373	)		(2,871	)		—			(7,244	)
Income (loss) from continuing operations		22,644			10,658			(10,658	)		22,644
Loss from discontinued operations, net of tax		(2,039	)		—			—			(2,039	)
Net income (loss)	$	20,605		$	10,658		$	(10,658	)	$	20,605

	Nine Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
	(In thousands)
Revenues	$	792,028		$	887,652		$	(162,088	)	$	1,517,592
Cost of sales		(596,368	)		(643,492	)		162,088			(1,077,772	)
Gross profit		195,660			244,160			—			439,820
Selling, general and administrative expenses		(130,750	)		(113,921	)		—			(244,671	)
Research and development		(8,136	)		(33,664	)		—			(41,800	)
Amortization of intangibles		(2,460	)		(7,937	)		—			(10,397	)
Income from equity method investment		—			9,196			—			9,196
Operating income		54,314			97,834			—			152,148
Interest expense		(35,606	)		(640	)		—			(36,246	)
Interest income		84			442			—			526
Intercompany income (expense)		(5,064	)		5,064			—			—
Income (loss) from equity investment in subsidiaries		78,589			—			(78,589	)		—
Income (loss) from continuing operations before taxes		92,317			102,700			(78,589	)		116,428
Income tax expense		(4,053	)		(24,111	)		—			(28,164	)
Income (loss) from continuing operations		88,264			78,589			(78,589	)		88,264
Loss from discontinued operations, net of tax		(446	)		—			—			(446	)
Net income (loss)	$	87,818		$	78,589		$	(78,589	)	$	87,818

	Nine Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
				(In thousands)
Revenues	$	639,496		$	667,123		$	(114,705	)	$	1,191,914
Cost of sales		(452,287	)		(508,434	)		114,705			(846,016	)
Gross profit		187,209			158,689			—			345,898
Selling, general and administrative expenses		(117,205	)		(86,101	)		—			(203,306	)
Research and development		(8,601	)		(22,505	)		—			(31,106	)
Amortization of intangibles		(2,193	)		(5,707	)		—			(7,900	)
Income from equity method investment		—			8,905			—			8,905
Operating income		59,210			53,281			—			112,491
Interest expense		(38,676	)		(234	)		—			(38,910	)
Interest income		124			274			—			398
Other income		—			1,465			—			1,465
Intercompany income (expense)		(820	)		820			—			—
Income (loss) from equity investment in subsidiaries		42,936			—			(42,936	)		—
Income (loss) from continuing operations before taxes		62,774			55,606			(42,936	)		75,444
Income tax expense		(4,215	)		(12,670	)		—			(16,885	)
Income (loss) from continuing operations		58,559			42,936			(42,936	)		58,559
Loss from discontinued operations, net of tax		(6,535	)		—			—			(6,535	)
Net income (loss)	$	52,024		$	42,936		$	(42,936	)	$	52,024

Supplemental Condensed Consolidating Statements of Cash Flows (Unaudited)

	Nine Months Ended October 2, 2011
	Issuer			Non- Guarantor Subsidiaries			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	(911	)	$	100,373		$	99,462
Cash flows from investing activities:
Cash used to acquire businesses, net of cash acquired		(59,708	)		—			(59,708	)
Capital expenditures		(12,327	)		(9,433	)		(21,760	)
Proceeds from disposal of tangible assets		1,135			71			1,206
Net cash used for investing activities		(70,900	)		(9,362	)		(80,262	)
Cash flows from financing activities:
Payments under share repurchase program		(25,000	)		—			(25,000	)
Cash dividends paid		(7,090	)		—			(7,090	)
Debt issuance costs		(3,296	)		—			(3,296	)
Tax benefit related to share-based compensation		1,802			—			1,802
Proceeds from exercise of stock options		4,554			—			4,554
Net cash used for financing activities		(29,030	)		—			(29,030	)
Effect of currency exchange rate changes on cash and cash equivalents		—			(633	)		(633	)
Increase (decrease) in cash and cash equivalents		(100,841	)		90,378			(10,463	)
Cash and cash equivalents, beginning of period		173,699			184,954			358,653
Cash and cash equivalents, end of period	$	72,858		$	275,332		$	348,190

	Nine Months Ended October 3, 2010
	Issuer			Non- Guarantor Subsidiaries			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	106,459		$	(51,048	)	$	55,411
Cash flows from investing activities:
Capital expenditures		(10,142	)		(9,056	)		(19,198	)
Proceeds from disposal of tangible assets		2,314			18			2,332
Cash provided by other investing activities		163			—			163
Net cash used for investing activities		(7,665	)		(9,038	)		(16,703	)
Cash flows from financing activities:
Payments under borrowing arrangements		(46,268	)		—			(46,268	)
Cash dividends paid		(7,052	)		—			(7,052	)
Tax deficiency related to share-based compensation		(239	)		—			(239	)
Proceeds from exercise of stock options		720			—			720
Cash received upon termination of derivative instruments		4,217			—			4,217
Net cash used for financing activities		(48,622	)		—			(48,622	)
Effect of currency exchange rate changes on cash and cash equivalents		—			(2,884	)		(2,884	)
Increase (decrease) in cash and cash equivalents		50,172			(62,970	)		(12,798	)
Cash and cash equivalents, beginning of period		58,855			250,024			308,879
Cash and cash equivalents, end of period	$	109,027		$	187,054		$	296,081

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Income Taxes

9 Months Ended

Oct. 02, 2011

Income Taxes [Abstract]

Income Taxes

Note 9: Income Taxes

Income tax expense was $9.0 million and $28.2 million for the three and nine months ended October 2, 2011, respectively. The effective rate reflected in the provision for income taxes on income from continuing operations before taxes is 22.3% and 24.2% for the three and nine months ended October 2, 2011, respectively. The most significant factor in the difference between the effective rate and the amount determined by applying the applicable statutory United States tax rate of 35% is the tax rate differential associated with our foreign earnings. In addition, income tax expense for the nine months ended October 2, 2011 reflects a net $4.7 million benefit due to the reduction of deferred tax asset valuation allowances primarily in foreign jurisdictions and a $1.9 million benefit due to the reduction of our reserve for uncertain tax positions. Income tax expense for the nine months ended October 3, 2010 included a $1.9 million benefit due to the settlement of a foreign tax audit.

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Income per Share (Details) (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Numerator:
Income from continuing operations	$ 31,365	$ 22,644	$ 88,264	$ 58,559
Loss from discontinued operations, net of tax	(162)	(2,039)	(446)	(6,535)
Net income	$ 31,203	$ 20,605	$ 87,818	$ 52,024
Denominator:
Weighted average shares outstanding, basic	47,344	46,813	47,317	46,762
Effect of dilutive common stock equivalents	900	908	1,012	903
Weighted average shares outstanding, diluted	48,244	47,721	48,329	47,665
Income per Share (Textual) [Abstract]
Number of outstanding equity awards not included in the diluted weighted average shares outstanding, because to do so would have been anti-dilutive	1,000,000	1,700,000	700,000	1,500,000

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Long-Term Debt and Other Borrowing Arrangements

9 Months Ended

Oct. 02, 2011

Long-Term Debt and Other Borrowing Arrangements [Abstract]

Long-Term Debt and Other Borrowing Arrangements

Note 7: Long-Term Debt and Other Borrowing Arrangements

Senior Secured Credit Facility

On April 25, 2011, we entered into a new senior secured credit facility (Senior Secured Facility). The borrowing capacity under the Senior Secured Facility is $400.0 million, and it matures on April 25, 2016. Under the Senior Secured Facility, we are permitted to borrow and re-pay funds in various currencies. Interest on outstanding borrowings is variable, based on either the three month LIBOR rate or the prime rate. It is secured by certain of our assets in the United States as well as the capital stock of certain of our subsidiaries. We paid $3.3 million of fees associated with the Senior Secured Facility, which will be amortized over the life of the Senior Secured Facility using the effective interest method.

The Senior Secured Facility contains a leverage ratio covenant and a fixed charge coverage ratio covenant. As of October 2, 2011, we were in compliance with all of the covenants of the Senior Secured Facility.

The Senior Secured Facility replaces our $230.0 million senior secured credit facility that was scheduled to mature in January 2013. There were no outstanding borrowings under the prior facility at the time of its termination.

As of October 2, 2011, there were no outstanding borrowings under the Senior Secured Facility, and we had $381.8 million in available borrowing capacity.

Senior Subordinated Notes

We have outstanding $200.0 million in senior subordinated notes due 2019 with a coupon interest rate of 9.25% and an effective interest rate of 9.75%. The notes are guaranteed on a senior subordinated basis by certain of our subsidiaries. The notes rank equal in right of payment with our senior subordinated notes due 2017 and with any future senior subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our Senior Secured Facility. Interest is payable semiannually on June 15 and December 15. As of October 2, 2011, the carrying value of the notes was $201.0 million.

We also have outstanding $350.0 million aggregate principal amount of 7.0% senior subordinated notes due 2017. The notes are guaranteed on a senior subordinated basis by certain of our subsidiaries. The notes rank equal in right of payment with our senior subordinated notes due 2019 and with any future senior subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our Senior Secured Facility. Interest is payable semiannually on March 15 and September 15. As of October 2, 2011, the carrying value of the notes was $350.0 million.

The indentures governing our senior subordinated notes require that we reinvest the proceeds from qualifying dispositions of assets in the business. To the extent that such proceeds are not reinvested (excess proceeds), we are required to offer to repurchase our notes at par. We expect to make such an offer during the three months ended December 31, 2011, as a result of estimated excess proceeds of approximately $40.0 million—$50.0 million from our disposition of Trapeze in 2010. As of October 2, 2011, the senior subordinated notes were trading above par.

Fair Value of Long-Term Debt

The fair value of our debt instruments at October 2, 2011 was approximately $563.9 million based on sales prices of the debt instruments from recent trading activity. This amount represents the fair value of our senior subordinated notes with a face value of $550.0 million.

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Consolidated Stockholders' Equity Statement (Unaudited) (Parenthetical) (USD $)	9 Months Ended
	Oct. 02, 2011
Dividends declared per share	$ 0.15
Retained Earnings
Dividends declared per share	$ 0.15

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Operating Segments

9 Months Ended

Oct. 02, 2011

Operating Segments [Abstract]

Operating Segments

Note 3: Operating Segments

We have organized the enterprise around geographic areas. We conduct our operations through three reported operating segments—Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific.

Beginning on January 1, 2011, we allocate corporate expenses to the segments for purposes of measuring segment operating income. Corporate expenses are allocated on the basis of each segment’s relative operating income prior to the allocation. The prior period presentation has been modified accordingly.

	Americas		EMEA		Asia Pacific		Total Segments
			(In thousands)
Three Months Ended October 2, 2011
External customer revenues	$	325,248	$	103,713	$	90,752	$	519,713
Affiliate revenues		9,919		30,795		159		40,873
Operating income		39,636		22,767		6,980		69,383
Three Months Ended October 3, 2010
External customer revenues	$	232,133	$	90,397	$	74,397	$	396,927
Affiliate revenues		11,735		20,707		—		32,442
Operating income		30,474		14,850		8,629		53,953
Nine Months Ended October 2, 2011
External customer revenues	$	927,978	$	322,901	$	266,713	$	1,517,592
Affiliate revenues		33,462		80,943		658		115,063
Operating income		111,587		63,334		22,581		197,502
Nine Months Ended October 3, 2010
External customer revenues	$	686,985	$	273,140	$	231,789	$	1,191,914
Affiliate revenues		36,605		53,330		62		89,997
Operating income		81,315		41,152		22,172		144,639

The following table is a reconciliation of the total of the reportable segments’ operating income to consolidated income from continuing operations before taxes.

	Three Months Ended						Nine Months Ended
	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Segment operating income	$	69,383		$	53,953		$	197,502		$	144,639
Eliminations		(17,520	)		(12,367	)		(45,354	)		(32,148	)
Total operating income		51,863			41,586			152,148			112,491
Interest expense		(11,690	)		(11,778	)		(36,246	)		(38,910	)
Interest income		211			80			526			398
Other income		—			—			—			1,465
Income from continuing operations before taxes	$	40,384		$	29,888		$	116,428		$	75,444

Revenues by major product group were as follows:

	Three Months Ended				Nine Months Ended
	October 2, 2011		October 3, 2010		October 2, 2011		October 3, 2010
	(In thousands)
Cable products	$	365,967	$	296,412	$	1,063,592	$	900,169
Networking products		79,362		53,710		232,151		156,930
Connectivity products		74,384		46,805		221,849		134,815
Total revenues	$	519,713	$	396,927	$	1,517,592	$	1,191,914

The main categories of cable products are (1) copper cables, including shielded and unshielded twisted pair cables, coaxial cables, and stranded cables, (2) fiber optic cables, which transmit light signals through glass or plastic fibers, and (3) composite cables, which are combinations of multiconductor, coaxial, and fiber optic cables jacketed together or otherwise joined together to serve complex applications and provide ease of installation. Networking products include wireless and wired Industrial Ethernet switches and related equipment and security features, fiber optic interfaces and media converters used to bridge fieldbus networks over long distances, and load-moment indicators for mobile cranes and other load-bearing equipment. Connectivity products include both fiber and copper connectors for the enterprise, broadcast, and industrial markets. Connectors are also sold as part of end-to-end structured cabling solutions.

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Share Repurchase Program (Details) (USD $)	1 Months Ended		9 Months Ended
	Oct. 31, 2011	Jul. 31, 2011	Oct. 02, 2011
Share Repurchase Program (Textual) [Abstract]
Purchase of common stock		$ 150,000,000
Number of shares repurchased under share repurchase program	866,930
Payments under share repurchase program			(25,000,000)
Repurchase of shares average price per share			$ 28.84
Prepaid variable agreement, unrecorded unconditional repurchase obligation			$ 25,000,000

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Operating Segments (Details 2) (USD $) In Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Revenue by major product group
Revenues	$ 519,713	$ 396,927	$ 1,517,592	$ 1,191,914
Cable products [Member]
Revenue by major product group
Revenues	365,967	296,412	1,063,592	900,169
Networking products [Member]
Revenue by major product group
Revenues	79,362	53,710	232,151	156,930
Connectivity products [Member]
Revenue by major product group
Revenues	$ 74,384	$ 46,805	$ 221,849	$ 134,815

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Income per Share

9 Months Ended

Oct. 02, 2011

Income per Share [Abstract]

Income per Share

Note 4: Income per Share

The following table presents the basis for the income per share computations:

	Three Months Ended						Nine Months Ended
	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Numerator:
Income from continuing operations	$	31,365		$	22,644		$	88,264		$	58,559
Loss from discontinued operations, net of tax		(162	)		(2,039	)		(446	)		(6,535	)
Net income	$	31,203		$	20,605		$	87,818		$	52,024
Denominator:
Weighted average shares outstanding, basic		47,344			46,813			47,317			46,762
Effect of dilutive common stock equivalents		900			908			1,012			903
Weighted average shares outstanding, diluted		48,244			47,721			48,329			47,665

For the three and nine months ended October 2, 2011, diluted weighted average shares outstanding do not include outstanding equity awards of 1.0 million and 0.7 million, respectively, because to do so would have been anti-dilutive. For the three and nine months ended October 3, 2010, diluted weighted average shares outstanding do not include outstanding equity awards of 1.7 million and 1.5 million, respectively, because to do so would have been anti-dilutive.

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Supplemental Guarantor Information (Details 1) (USD $) In Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Consolidated Statements of Operations [Abstract]
Revenues	$ 519,713	$ 396,927	$ 1,517,592	$ 1,191,914
Cost of sales	(366,962)	(278,743)	(1,077,772)	(846,016)
Gross profit	152,751	118,184	439,820	345,898
Selling, general and administrative expenses	(85,355)	(66,164)	(244,671)	(203,306)
Research and development	(13,641)	(10,887)	(41,800)	(31,106)
Amortization of intangibles	(3,371)	(2,600)	(10,397)	(7,900)
Income from equity method investment	1,479	3,053	9,196	8,905
Operating income	51,863	41,586	152,148	112,491
Interest expense	(11,690)	(11,778)	(36,246)	(38,910)
Interest income	211	80	526	398
Other income				1,465
Income (loss) from continuing operations before taxes	40,384	29,888	116,428	75,444
Income tax expense	(9,019)	(7,244)	(28,164)	(16,885)
Income (loss) from continuing operations	31,365	22,644	88,264	58,559
Loss from discontinued operations, net of tax	(162)	(2,039)	(446)	(6,535)
Net income (loss)	31,203	20,605	87,818	52,024
Issuer [Member]
Consolidated Statements of Operations [Abstract]
Revenues	270,679	242,794	792,028	639,496
Cost of sales	(207,466)	(168,201)	(596,368)	(452,287)
Gross profit	63,213	74,593	195,660	187,209
Selling, general and administrative expenses	(46,932)	(42,272)	(130,750)	(117,205)
Research and development	(2,486)	(3,315)	(8,136)	(8,601)
Amortization of intangibles	(820)	(727)	(2,460)	(2,193)
Operating income	12,975	28,279	54,314	59,210
Interest expense	(11,662)	(11,451)	(35,606)	(38,676)
Interest income	12	45	84	124
Intercompany income (expense)	9,622	(514)	(5,064)	(820)
Income (loss) from equity investment in subsidiaries	22,936	10,658	78,589	42,936
Income (loss) from continuing operations before taxes	33,883	27,017	92,317	62,774
Income tax expense	(2,518)	(4,373)	(4,053)	(4,215)
Income (loss) from continuing operations	31,365	22,644	88,264	58,559
Loss from discontinued operations, net of tax	(162)	(2,039)	(446)	(6,535)
Net income (loss)	31,203	20,605	87,818	52,024
Non-Guarantor Subsidiaries [Member]
Consolidated Statements of Operations [Abstract]
Revenues	316,087	193,624	887,652	667,123
Cost of sales	(226,549)	(150,033)	(643,492)	(508,434)
Gross profit	89,538	43,591	244,160	158,689
Selling, general and administrative expenses	(38,423)	(23,892)	(113,921)	(86,101)
Research and development	(11,155)	(7,572)	(33,664)	(22,505)
Amortization of intangibles	(2,551)	(1,873)	(7,937)	(5,707)
Income from equity method investment	1,479	3,053	9,196	8,905
Operating income	38,888	13,307	97,834	53,281
Interest expense	(28)	(327)	(640)	(234)
Interest income	199	35	442	274
Other income				1,465
Intercompany income (expense)	(9,622)	514	5,064	820
Income (loss) from continuing operations before taxes	29,437	13,529	102,700	55,606
Income tax expense	(6,501)	(2,871)	(24,111)	(12,670)
Income (loss) from continuing operations	22,936	10,658	78,589	42,936
Net income (loss)	22,936	10,658	78,589	42,936
Eliminations [Member]
Consolidated Statements of Operations [Abstract]
Revenues	(67,053)	(39,491)	(162,088)	(114,705)
Cost of sales	67,053	39,491	162,088	114,705
Income (loss) from equity investment in subsidiaries	(22,936)	(10,658)	(78,589)	(42,936)
Income (loss) from continuing operations before taxes	(22,936)	(10,658)	(78,589)	(42,936)
Income (loss) from continuing operations	(22,936)	(10,658)	(78,589)	(42,936)
Net income (loss)	$ (22,936)	$ (10,658)	$ (78,589)	$ (42,936)

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Acquisitions (Details) (USD $)	9 Months Ended	1 Months Ended
	Oct. 02, 2011	Jan. 31, 2011 ICM Corp. [Member]	Apr. 30, 2011 Poliron Cabos Electricos Especiais Ltda [Member]	Aug. 31, 2011 Byres Security, Inc. [Member]
Business Acquisition [Line Items]
Acquisitions for cash	$ 59,708,000	$ 21,900,000	$ 29,200,000	$ 7,200,000
Acquisitions (Textual) [Abstract]
Good will due to the ICM, Poliron, and Byres acquisitions	28,300,000
Intangible assets due to the ICM, Poliron, and Byres acquisitions	$ 21,500,000

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Inventories (Details) (USD $) In Thousands	Oct. 02, 2011	Dec. 31, 2010
Inventories [Abstract]
Raw materials	$ 75,896	$ 64,146
Work-in-process	45,734	42,193
Finished goods	92,849	87,982
Perishable tooling and supplies	3,192	3,615
Gross inventories	217,671	197,936
Obsolescence and other reserves	(20,571)	(22,277)
Net Inventories	$ 197,100	$ 175,659

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Supplemental Guarantor Information (Details) (USD $) In Thousands	Oct. 02, 2011	Dec. 31, 2010	Oct. 03, 2010	Dec. 31, 2009
Current assets:
Cash and cash equivalents	$ 348,190	$ 358,653	$ 296,081	$ 308,879
Receivables, net	349,247	298,266
Inventories, net	197,100	175,659
Deferred income taxes	9,659	9,473
Other current assets	21,847	18,804
Total current assets	926,043	860,855
Property, plant and equipment, less accumulated depreciation	283,992	278,866
Goodwill	352,847	322,556
Intangible assets, less accumulated amortization	156,396	143,820
Deferred income taxes	20,997	27,565
Other long-lived assets	70,377	62,822
Investment in subsidiaries	0	0
Total assets	1,810,652	1,696,484
Current liabilities:
Accounts payable	233,989	212,084
Accrued liabilities	166,529	145,840
Total current liabilities	400,518	357,924
Long-term debt	550,955	551,155
Postretirement benefits	116,926	112,426
Other long-term liabilities	32,539	36,464
Intercompany accounts	0	0
Total stockholders' equity	709,714	638,515
Total liabilities and stockholders' equity	1,810,652	1,696,484
Issuer [Member]
Current assets:
Cash and cash equivalents	72,858	173,699	109,027	58,855
Receivables, net	141,702	117,303
Inventories, net	108,578	109,127
Deferred income taxes	7,745	5,590
Other current assets	9,773	10,199
Total current assets	340,656	415,918
Property, plant and equipment, less accumulated depreciation	124,694	120,857
Goodwill	220,842	258,094
Intangible assets, less accumulated amortization	66,582	93,695
Deferred income taxes	7,249	9,342
Other long-lived assets	13,863	12,771
Investment in subsidiaries	1,303,682	1,227,959
Total assets	2,077,568	2,138,636
Current liabilities:
Accounts payable	98,804	92,996
Accrued liabilities	77,265	78,013
Total current liabilities	176,069	171,009
Long-term debt	550,955	551,155
Postretirement benefits	30,670	27,949
Other long-term liabilities	22,227	30,047
Intercompany accounts	(39,565)	(249,051)
Total stockholders' equity	1,337,212	1,607,527
Total liabilities and stockholders' equity	2,077,568	2,138,636
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	275,332	184,954	187,054	250,024
Receivables, net	207,545	180,963
Inventories, net	88,522	66,532
Deferred income taxes	1,914	3,883
Other current assets	12,074	8,605
Total current assets	585,387	444,937
Property, plant and equipment, less accumulated depreciation	159,298	158,009
Goodwill	132,005	64,462
Intangible assets, less accumulated amortization	89,814	50,125
Deferred income taxes	13,748	18,223
Other long-lived assets	56,514	50,051
Investment in subsidiaries	0	0
Total assets	1,036,766	785,807
Current liabilities:
Accounts payable	135,185	119,088
Accrued liabilities	89,264	67,827
Total current liabilities	224,449	186,915
Long-term debt	0	0
Postretirement benefits	86,256	84,477
Other long-term liabilities	10,312	6,417
Intercompany accounts	39,565	249,051
Total stockholders' equity	676,184	258,947
Total liabilities and stockholders' equity	1,036,766	785,807
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0
Receivables, net	0	0
Inventories, net	0	0
Deferred income taxes	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, less accumulated depreciation	0	0
Goodwill	0	0
Intangible assets, less accumulated amortization	0	0
Deferred income taxes	0	0
Other long-lived assets	0	0
Investment in subsidiaries	(1,303,682)	(1,227,959)
Total assets	(1,303,682)	(1,227,959)
Current liabilities:
Accounts payable	0	0
Accrued liabilities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Postretirement benefits	0	0
Other long-term liabilities	0	0
Intercompany accounts	0	0
Total stockholders' equity	(1,303,682)	(1,227,959)
Total liabilities and stockholders' equity	$ (1,303,682)	$ (1,227,959)

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Operating Segments (Details 1) (USD $) In Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Reconciliation of the total of the reportable segments' operating income (loss) to consolidated income (loss) from continuing operations before taxes
Operating income	$ 51,863	$ 41,586	$ 152,148	$ 112,491
Interest expense	(11,690)	(11,778)	(36,246)	(38,910)
Interest income	211	80	526	398
Other income				1,465
Income (loss) from continuing operations before taxes	40,384	29,888	116,428	75,444
Reportable Segment [Member]
Reconciliation of the total of the reportable segments' operating income (loss) to consolidated income (loss) from continuing operations before taxes
Operating income	69,383	53,953	197,502	144,639
Eliminations [Member]
Reconciliation of the total of the reportable segments' operating income (loss) to consolidated income (loss) from continuing operations before taxes
Operating income	$ (17,520)	$ (12,367)	$ (45,354)	$ (32,148)

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Share Repurchase Program

9 Months Ended

Oct. 02, 2011

Comprehensive Income / Share Repurchase Program [Abstract]

Share Repurchase Program

Note 12: Share Repurchase Program

In July 2011, our Board of Directors authorized a share repurchase program, which allows us to purchase up to $150.0 million of our common stock through open market repurchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. As of October 2, 2011, we have repurchased 866,930 shares of our common stock under the program through a prepaid variable share repurchase agreement for an aggregate cost of $25.0 million, an average price per share of $28.84.

On October 31, 2011, we entered into a prepaid variable share repurchase agreement to repurchase an additional $25.0 million of our common stock. The variable share repurchase agreement was funded with available cash, and it is scheduled to be completed no later than December 30, 2011.

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Inventories

9 Months Ended

Oct. 02, 2011

Inventories [Abstract]

Inventories

Note 5: Inventories

The major classes of inventories were as follows:

	October 2, 2011			December 31, 2010
	(In thousands)
Raw materials	$	75,896		$	64,146
Work-in-process		45,734			42,193
Finished goods		92,849			87,982
Perishable tooling and supplies		3,192			3,615
Gross inventories		217,671			197,936
Obsolescence and other reserves		(20,571	)		(22,277	)
Net inventories	$	197,100		$	175,659

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Operating Segments (Tables)

9 Months Ended

Oct. 02, 2011

Operating Segments [Abstract]

Reported Operating Segments

	Americas		EMEA		Asia Pacific		Total Segments
			(In thousands)
Three Months Ended October 2, 2011
External customer revenues	$	325,248	$	103,713	$	90,752	$	519,713
Affiliate revenues		9,919		30,795		159		40,873
Operating income		39,636		22,767		6,980		69,383
Three Months Ended October 3, 2010
External customer revenues	$	232,133	$	90,397	$	74,397	$	396,927
Affiliate revenues		11,735		20,707		—		32,442
Operating income		30,474		14,850		8,629		53,953
Nine Months Ended October 2, 2011
External customer revenues	$	927,978	$	322,901	$	266,713	$	1,517,592
Affiliate revenues		33,462		80,943		658		115,063
Operating income		111,587		63,334		22,581		197,502
Nine Months Ended October 3, 2010
External customer revenues	$	686,985	$	273,140	$	231,789	$	1,191,914
Affiliate revenues		36,605		53,330		62		89,997
Operating income		81,315		41,152		22,172		144,639

Reconciliation of the total of the reportable segments' operating income (loss) to consolidated income (loss) from continuing operations before taxes

The following table is a reconciliation of the total of the reportable segments’ operating income to consolidated income from continuing operations before taxes.

	Three Months Ended						Nine Months Ended
	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Segment operating income	$	69,383		$	53,953		$	197,502		$	144,639
Eliminations		(17,520	)		(12,367	)		(45,354	)		(32,148	)
Total operating income		51,863			41,586			152,148			112,491
Interest expense		(11,690	)		(11,778	)		(36,246	)		(38,910	)
Interest income		211			80			526			398
Other income		—			—			—			1,465
Income from continuing operations before taxes	$	40,384		$	29,888		$	116,428		$	75,444

Revenue by major product group

Revenues by major product group were as follows:

	Three Months Ended				Nine Months Ended
	October 2, 2011		October 3, 2010		October 2, 2011		October 3, 2010
	(In thousands)
Cable products	$	365,967	$	296,412	$	1,063,592	$	900,169
Networking products		79,362		53,710		232,151		156,930
Connectivity products		74,384		46,805		221,849		134,815
Total revenues	$	519,713	$	396,927	$	1,517,592	$	1,191,914

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Comprehensive Income (Details) (USD $) In Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Total comprehensive income
Net income	$ 31,203	$ 20,605	$ 87,818	$ 52,024
Foreign currency translation gain (loss)	(27,069)	29,390	3,290	(21,872)
Total comprehensive income	$ 4,134	$ 49,995	$ 91,108	$ 30,152

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Operating Segments (Details) (USD $) In Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Reported Operating Segments
External customer revenues	$ 519,713	$ 396,927	$ 1,517,592	$ 1,191,914
Operating income	51,863	41,586	152,148	112,491
Americas [Member]
Reported Operating Segments
External customer revenues	325,248	232,133	927,978	686,985
Affiliate revenues	9,919	11,735	33,462	36,605
Operating income	39,636	30,474	111,587	81,315
EMEA [Member]
Reported Operating Segments
External customer revenues	103,713	90,397	322,901	273,140
Affiliate revenues	30,795	20,707	80,943	53,330
Operating income	22,767	14,850	63,334	41,152
Asia Pacific [Member]
Reported Operating Segments
External customer revenues	90,752	74,397	266,713	231,789
Affiliate revenues	159		658	62
Operating income	6,980	8,629	22,581	22,172
Operating Segments [Member]
Reported Operating Segments
External customer revenues	519,713	396,927	1,517,592	1,191,914
Affiliate revenues	40,873	32,442	115,063	89,997
Reportable Segment [Member]
Reported Operating Segments
Operating income	$ 69,383	$ 53,953	$ 197,502	$ 144,639

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Consolidated Stockholders' Equity Statement (Unaudited) (USD $) In Thousands, except Share data	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss), Translation Component of Equity	Accumulated Other Comprehensive Income (Loss), Pension and Postretirement Liability
Beginning balance at Dec. 31, 2010	$ 638,515	$ 503	$ 595,519	$ 171,568	$ (120,156)	$ 32,095	$ (41,014)
Beginning balance, shares at Dec. 31, 2010		50,335,000			3,290,000
Net income	87,818			87,818
Foreign currency translation	3,290					3,290
Comprehensive income	91,108
Exercise of stock options, net of tax withholding forfeitures	3,945		(1,914)		5,859
Exercise of stock options, net of tax withholding forfeitures, shares					253,000
Conversion of restricted stock units into common stock, net of tax withholding forfeitures	(1,835)		(4,773)		2,938
Conversion of restricted stock units into common stock, net of tax withholding forfeitures, shares					149,000
Share repurchase program	(25,000)				(25,000)
Share repurchase program, shares					(867,000)
Share-based compensation	10,182		10,182
Dividends ($0.15 per share)	(7,201)			(7,201)
Ending balance at Oct. 02, 2011	$ 709,714	$ 503	$ 599,014	$ 252,185	$ (136,359)	$ 35,385	$ (41,014)
Ending balance, shares at Oct. 02, 2011		50,335,000			3,755,000

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Income per Share (Tables)

9 Months Ended

Oct. 02, 2011

Income per Share [Abstract]

Basis for income per share computation

The following table presents the basis for the income per share computations:

	Three Months Ended						Nine Months Ended
	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Numerator:
Income from continuing operations	$	31,365		$	22,644		$	88,264		$	58,559
Loss from discontinued operations, net of tax		(162	)		(2,039	)		(446	)		(6,535	)
Net income	$	31,203		$	20,605		$	87,818		$	52,024
Denominator:
Weighted average shares outstanding, basic		47,344			46,813			47,317			46,762
Effect of dilutive common stock equivalents		900			908			1,012			903
Weighted average shares outstanding, diluted		48,244			47,721			48,329			47,665

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Supplemental Guarantor Information (Details Textual) (USD $) In Millions	9 Months Ended
	Oct. 02, 2011
Supplemental Guarantor Information (Textual) [Abstract]
Principal amount of senior subordinated notes	$ 550.0
Guarantees by subsidiaries	Notes are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our senior secured credit facility
Description of priority	Notes rank equal in right of payment with any of our future senior subordinated debt

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Pension and Other Postretirement Obligations (Tables)

9 Months Ended

Oct. 02, 2011

Pension and Other Postretirement Obligations [Abstract]

Components of net periodic benefit costs for our pension plans

The following table provides the components of net periodic benefit costs for our pension plans:

	Pension Obligations						Other Postretirement Obligations
Three Months Ended	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Service cost	$	1,473		$	1,947		$	32		$	28
Interest cost		2,844			4,205			577			649
Expected return on plan assets		(2,807	)		(4,337	)		—			—
Amortization of prior service cost (credit)		(56	)		29			(54	)		(48	)
Net loss (gain) recognition		1,447			651			124			(3	)
Net periodic benefit cost	$	2,901		$	2,495		$	679		$	626
Nine Months Ended
Service cost	$	4,187		$	5,111		$	113		$	80
Interest cost		8,521			11,461			1,931			1,997
Expected return on plan assets		(8,570	)		(11,635	)		—			—
Amortization of prior service cost (credit)		(128	)		49			(173	)		(165	)
Net loss recognition		4,535			2,169			354			141
Net periodic benefit cost	$	8,545		$	7,155		$	2,225		$	2,053

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Summary of Significant Accounting Policies

9 Months Ended

Oct. 02, 2011

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1: Summary of Significant Accounting Policies

Basis of Presentation

The accompanying Consolidated Financial Statements include Belden Inc. and all of its subsidiaries (the Company, us, we, or our). We eliminate all significant affiliate accounts and transactions in consolidation.

The accompanying Consolidated Financial Statements presented as of any date other than December 31, 2010:

— Are prepared from the books and records without audit, and

— Are prepared in accordance with the instructions for Form 10-Q and do not include all of the information required by accounting principles generally accepted in the United States for complete statements, but

— Include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial statements.

These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Supplementary Data contained in our 2010 Annual Report on Form 10-K.

Business Description

We design, manufacture, and market a portfolio of cable, connectivity, and networking products in markets including industrial, enterprise, broadcast, and consumer electronics. Our products provide for the transmission of signals for data, sound, and video applications.

Reporting Periods

Our fiscal year and fiscal fourth quarter both end on December 31. Our fiscal first quarter ends on the Sunday falling closest to 91 days after December 31. Our fiscal second and third quarters each have 91 days.

The nine months ended October 2, 2011 and October 3, 2010 included 275 and 276 calendar days, respectively.

Reclassifications

We have made certain reclassifications to the 2010 Consolidated Financial Statements with no impact to reported net income in order to conform to the 2011 presentation, including reclassifications associated with a discontinued operation.

Fair Value Measurement

Accounting guidance for fair value measurements specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources or reflect our own assumptions of market participant valuation. The hierarchy is broken down into three levels based on the reliability of the inputs as follows:

— Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;

— Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets, or financial instruments for which significant inputs are observable, either directly or indirectly;

— Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

As of and for the three and nine months ended October 2, 2011 and October 3, 2010, we utilized Level 1 inputs to determine the fair value of cash equivalents, and we utilized Level 2 inputs to determine the fair value of derivatives and hedging instruments (see Note 8).

Cash and Cash Equivalents

We classify cash on hand and deposits in banks, including commercial paper, money market accounts, and other investments with an original maturity of three months or less, that we hold from time to time, as cash and cash equivalents. We periodically have cash equivalents consisting of short-term money market funds and other investments. The primary objective of our investment activities is to preserve our capital for the purpose of funding operations. We do not enter into investments for trading or speculative purposes. The fair value and carrying value of these cash equivalents as of October 2, 2011 was $45.5 million and is based on quoted market prices in active markets (i.e., Level 1 valuation).

Contingent Liabilities

We have established liabilities for environmental and legal contingencies that are probable of occurrence and reasonably estimable. We accrue environmental remediation costs based on estimates of known environmental remediation exposures developed in consultation with our environmental consultants and legal counsel. We are, from time to time, subject to routine litigation incidental to our business. These lawsuits primarily involve claims for damages arising out of the use of our products, allegations of patent or trademark infringement, and litigation and administrative proceedings involving employment matters and commercial disputes. Based on facts currently available, we believe the disposition of the claims that are pending or asserted will not have a materially adverse effect on our financial position, results of operations or cash flow.

As of October 2, 2011, we were party to standby letters of credit, bank guaranties, and surety bonds totaling $10.4 million, $6.0 million, and $1.7 million, respectively.

Revenue Recognition

We recognize revenue when all of the following circumstances are satisfied: (1) persuasive evidence of an arrangement exists, (2) price is fixed or determinable, (3) collectibility is reasonably assured, and (4) delivery has occurred. Delivery occurs in the period in which the customer takes title and assumes the risks and rewards of ownership of the products specified in the customer’s purchase order or sales agreement. We record revenue net of estimated rebates, price allowances, invoicing adjustments, and product returns. We record revisions to these estimates in the period in which the facts that give rise to each revision become known.

Discontinued Operations

On December 16, 2010, we completed the sale of Trapeze Networks, Inc. (Trapeze). The Trapeze operations comprised the entirety of the former Wireless segment. For the three and nine months ended October 3, 2010, we recognized a loss of $3.1 million ($1.9 million net of tax) and $8.9 million ($6.1 million net of tax), respectively, related to the Trapeze operations, which is included in discontinued operations.

During 2005, we completed the sale of our discontinued communications cable operation in Phoenix, Arizona. In connection with this sale and related tax deductions, we established a reserve for uncertain tax positions. For the three and nine months ended October 2, 2011, we recognized $0.2 million and $0.7 million of interest expense, respectively ($0.2 million and $0.4 million net of tax, respectively) related to the uncertain tax positions, which is included in discontinued operations. For the three and nine months ended October 3, 2010, we recognized $0.2 million and $0.7 million of interest expense, respectively ($0.1 million and $0.4 million net of tax, respectively) related to the uncertain tax positions, which is included in discontinued operations.

Other Income

For the nine months ended October 3, 2010, we recorded $1.5 million of other income related to an escrow settlement. The escrow settlement related to indemnification for certain tax matters arising from a previous acquisition.

Subsequent Events

We have evaluated subsequent events after the balance sheet date through the financial statement issuance date for appropriate accounting and disclosure.

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Pension and Other Postretirement Obligations

9 Months Ended

Oct. 02, 2011

Pension and Other Postretirement Obligations [Abstract]

Pension and Other Postretirement Obligations

Note 10: Pension and Other Postretirement Obligations

The following table provides the components of net periodic benefit costs for our pension plans:

	Pension Obligations						Other Postretirement Obligations
Three Months Ended	October 2, 2011			October 3, 2010			October 2, 2011			October 3, 2010
	(In thousands)
Service cost	$	1,473		$	1,947		$	32		$	28
Interest cost		2,844			4,205			577			649
Expected return on plan assets		(2,807	)		(4,337	)		—			—
Amortization of prior service cost (credit)		(56	)		29			(54	)		(48	)
Net loss (gain) recognition		1,447			651			124			(3	)
Net periodic benefit cost	$	2,901		$	2,495		$	679		$	626
Nine Months Ended
Service cost	$	4,187		$	5,111		$	113		$	80
Interest cost		8,521			11,461			1,931			1,997
Expected return on plan assets		(8,570	)		(11,635	)		—			—
Amortization of prior service cost (credit)		(128	)		49			(173	)		(165	)
Net loss recognition		4,535			2,169			354			141
Net periodic benefit cost	$	8,545		$	7,155		$	2,225		$	2,053

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Long-Lived Assets (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Property, Plant and Equipment [Line Items]
Proceeds from sale of PP&E, including real estate			$ 1,206,000	$ 2,332,000
Long-Lived Assets (Textual) [Abstract]
Depreciation expense	9,200,000	8,600,000	27,200,000	28,700,000
Amortization of intangibles	(3,371,000)	(2,600,000)	(10,397,000)	(7,900,000)
Americas [Member]
Property, Plant and Equipment [Line Items]
Proceeds from sale of PP&E, including real estate			1,100,000
Gain (loss) recognized on the sale			0
EMEA [Member]
Property, Plant and Equipment [Line Items]
Proceeds from sale of PP&E, including real estate				1,800,000
Gain (loss) recognized on the sale				$ 0

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Oct. 02, 2011

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying Consolidated Financial Statements include Belden Inc. and all of its subsidiaries (the Company, us, we, or our). We eliminate all significant affiliate accounts and transactions in consolidation.

The accompanying Consolidated Financial Statements presented as of any date other than December 31, 2010:

— Are prepared from the books and records without audit, and

— Are prepared in accordance with the instructions for Form 10-Q and do not include all of the information required by accounting principles generally accepted in the United States for complete statements, but

— Include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial statements.

These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Supplementary Data contained in our 2010 Annual Report on Form 10-K.

Reporting Periods

Reporting Periods

Our fiscal year and fiscal fourth quarter both end on December 31. Our fiscal first quarter ends on the Sunday falling closest to 91 days after December 31. Our fiscal second and third quarters each have 91 days.

The nine months ended October 2, 2011 and October 3, 2010 included 275 and 276 calendar days, respectively.

Fair Value Measurement

Fair Value Measurement

Accounting guidance for fair value measurements specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources or reflect our own assumptions of market participant valuation. The hierarchy is broken down into three levels based on the reliability of the inputs as follows:

— Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;

— Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets, or financial instruments for which significant inputs are observable, either directly or indirectly;

— Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

As of and for the three and nine months ended October 2, 2011 and October 3, 2010, we utilized Level 1 inputs to determine the fair value of cash equivalents, and we utilized Level 2 inputs to determine the fair value of derivatives and hedging instruments (see Note 8).

Cash and Cash Equivalents

Cash and Cash Equivalents

We classify cash on hand and deposits in banks, including commercial paper, money market accounts, and other investments with an original maturity of three months or less, that we hold from time to time, as cash and cash equivalents. We periodically have cash equivalents consisting of short-term money market funds and other investments. The primary objective of our investment activities is to preserve our capital for the purpose of funding operations. We do not enter into investments for trading or speculative purposes. The fair value and carrying value of these cash equivalents as of October 2, 2011 was $45.5 million and is based on quoted market prices in active markets (i.e., Level 1 valuation).

Contingent Liabilities

Contingent Liabilities

We have established liabilities for environmental and legal contingencies that are probable of occurrence and reasonably estimable. We accrue environmental remediation costs based on estimates of known environmental remediation exposures developed in consultation with our environmental consultants and legal counsel. We are, from time to time, subject to routine litigation incidental to our business. These lawsuits primarily involve claims for damages arising out of the use of our products, allegations of patent or trademark infringement, and litigation and administrative proceedings involving employment matters and commercial disputes. Based on facts currently available, we believe the disposition of the claims that are pending or asserted will not have a materially adverse effect on our financial position, results of operations or cash flow.

As of October 2, 2011, we were party to standby letters of credit, bank guaranties, and surety bonds totaling $10.4 million, $6.0 million, and $1.7 million, respectively.

Revenue Recognition

Revenue Recognition

We recognize revenue when all of the following circumstances are satisfied: (1) persuasive evidence of an arrangement exists, (2) price is fixed or determinable, (3) collectibility is reasonably assured, and (4) delivery has occurred. Delivery occurs in the period in which the customer takes title and assumes the risks and rewards of ownership of the products specified in the customer’s purchase order or sales agreement. We record revenue net of estimated rebates, price allowances, invoicing adjustments, and product returns. We record revisions to these estimates in the period in which the facts that give rise to each revision become known.

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Consolidated Balance Sheets (USD $) In Thousands	Oct. 02, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 348,190	$ 358,653
Receivables, net	349,247	298,266
Inventories, net	197,100	175,659
Deferred income taxes	9,659	9,473
Other current assets	21,847	18,804
Total current assets	926,043	860,855
Property, plant and equipment, less accumulated depreciation	283,992	278,866
Goodwill	352,847	322,556
Intangible assets, less accumulated amortization	156,396	143,820
Deferred income taxes	20,997	27,565
Other long-lived assets	70,377	62,822
Total assets	1,810,652	1,696,484
Current liabilities:
Accounts payable	233,989	212,084
Accrued liabilities	166,529	145,840
Total current liabilities	400,518	357,924
Long-term debt	550,955	551,155
Postretirement benefits	116,926	112,426
Other long-term liabilities	32,539	36,464
Stockholders' equity:
Preferred stock
Common stock	503	503
Additional paid-in capital	599,014	595,519
Retained earnings	252,185	171,568
Accumulated other comprehensive loss	(5,629)	(8,919)
Treasury stock	(136,359)	(120,156)
Total stockholders' equity	709,714	638,515
Total liabilities and stockholders' equity	$ 1,810,652	$ 1,696,484

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Derivatives and Hedging Activities (Details) (USD $) In Thousands	3 Months Ended	9 Months Ended		3 Months Ended	9 Months Ended
	Oct. 02, 2011	Oct. 02, 2011	Oct. 03, 2010	Oct. 03, 2010 Interest Expense [Member]	Oct. 03, 2010 Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net losses related to derivatives and hedging instruments	$ 0	$ 0	$ (2,893)	$ 200	$ 2,900

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Income Taxes (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Oct. 02, 2011	Oct. 03, 2010	Oct. 02, 2011	Oct. 03, 2010
Income Taxes (Textual) [Abstract]
Income tax expense	$ (9,019,000)	$ (7,244,000)	$ (28,164,000)	$ (16,885,000)
Effective income tax rate on income from continuing operations before taxes	22.30%		24.20%
Applicable statutory United States tax rate			35.00%
Tax benefits due to reduction of deferred tax asset valuation allowances			4,700,000
Tax benefits due to the reduction of uncertain tax positions			1,900,000
Income tax final settlement of foreign tax audit				$ 1,900,000