Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jul. 03, 2016

Equity [Abstract]

Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

Note 11:  Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

The following table summarizes total comprehensive income:

	Three Months Ended				Six Months Ended
	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
	(In thousands)
Net income	$	41,750	$	21,591	$	58,175	$	1,955
Foreign currency translation income (loss), net of $0.3 million, $0.4 million, $1.9 million, and $2.1 million tax, respectively		1,094		(2,872)		(1,093)		10,193
Adjustments to pension and postretirement liability, net of $0.3 million, $0.5 million, $0.6 million, and $1.1 million tax, respectively		515		843		982		1,691
Total comprehensive income	$	43,359	$	19,562	$	58,064	$	13,839
Less: Comprehensive loss attributable to noncontrolling interest		(126)		-		(227)		-
Comprehensive income attributable to Belden stockholders	$	43,485	$	19,562	$	58,291	$	13,839

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, 2015	$	(23,411)	$	(35,576)	$	(58,987)
Other comprehensive loss attributable to Belden stockholders before reclassifications		(1,064)		-		(1,064)
Amounts reclassified from accumulated other comprehensive income (loss)		-		982		982
Net current period other comprehensive loss attributable to Belden stockholders		(1,064)		982		(82)
Balance at July 3, 2016	$	(24,475)	$	(34,594)	$	(59,069)

The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss) for the six months ended July 3, 2016:

	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	$	1,638		(1)
Prior service credit		(40)		(1)
Total before tax		1,598
Tax benefit		(616)
Net of tax	$	982

(1) The amortization of these accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit costs (see Note 10).