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Comprehensive Income and Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

Note 16: Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

The following table summarizes total comprehensive income:

 

     Years ended December 31,  
     2015      2014      2013  
            (In thousands)         

Net income

   $ 66,180       $ 74,449       $ 103,313   

Foreign currency translation loss, net of $1.3 million, $1.8 million, and $2.2 million tax, respectively

     (20,842)         (10,387)         (20,720)   

Adjustments to pension and postretirement liability, net of $3.1 million, $3.6 million, and $14.0 million tax, respectively

     7,864         (6,463)         22,104   
  

 

 

    

 

 

    

 

 

 

Total comprehensive income

     53,202         57,599         104,697   
  

 

 

    

 

 

    

 

 

 

Less: Comprehensive loss attributable to noncontrolling interest

     (46)         —           —     
  

 

 

    

 

 

    

 

 

 

Comprehensive income attributable to Belden stockholders

   $ 53,248       $ 57,599       $ 104,697   
  

 

 

    

 

 

    

 

 

 

 

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

 

     Foreign Currency
Translation
Component
     Pension and Other
Postretirement
Benefit Plans
     Accumulated
Other Comprehensive
Income (Loss)
 
            (In thousands)         

Balance at December 31, 2013

   $ 7,796       $ (36,977    $ (29,181

Other comprehensive loss before reclassifications

     (10,387      (9,120      (19,507

Amounts reclassified from accumulated other comprehensive income (loss)

     —           2,657         2,657   
  

 

 

    

 

 

    

 

 

 

Net current period other comprehensive loss

     (10,387      (6,463      (16,850
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2014

     (2,591      (43,440      (46,031
  

 

 

    

 

 

    

 

 

 

Other comprehensive loss attributable to Belden stockholders before reclassifications

     (20,820      4,434         (16,386

Amounts reclassified from accumulated other comprehensive income (loss)

     —           3,430         3,430   
  

 

 

    

 

 

    

 

 

 

Net current period other comprehensive loss attributable to Belden stockholders

     (20,820      7,864         (12,956
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2015

   $ (23,411    $ (35,576    $ (58,987
  

 

 

    

 

 

    

 

 

 

The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss):

 

     Amount Reclassified from
Accumulated Other
Comprehensive Income
(Loss)
     Affected Line Item in the
Consolidated Statements
of Operations and
Comprehensive Income
 
     (In thousands)         

Amortization of pension and other postretirement benefit plan items:

     

Actuarial losses

   $ 5,410         (1)   

Prior service credit

     (131)         (1)   
  

 

 

    

Total before tax

     5,279      

Tax benefit

     (1,849)      
  

 

 

    

Total net of tax

   $ 3,430      
  

 

 

    

 

(1)

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