Belden (BDC) 10-Q 8 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Apr. 02, 2023	May 03, 2023
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Apr. 02, 2023
Entity File Number	001-12561
Entity Registrant Name	BELDEN INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-3601505
Entity Address, Address Line One	1 North Brentwood Boulevard
Entity Address, Address Line Two	15th Floor
Entity Address, City or Town	St. Louis
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63105
City Area Code	314
Local Phone Number	854-8000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging growth company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	BDC
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		42,550,615
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000913142
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 02, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 589,045	$ 687,676
Receivables, net	417,868	440,102
Inventories, net	370,729	341,563
Other current assets	63,431	66,866
Total current assets	1,441,073	1,536,207
Property, plant and equipment, less accumulated depreciation	381,901	381,864
Operating lease right-of-use assets	74,451	73,376
Goodwill	864,244	862,253
Intangible assets, less accumulated amortization	243,002	246,830
Deferred income taxes	14,798	14,642
Other long-lived assets	47,312	46,503
Total assets	3,066,781	3,161,675
Current liabilities:
Accounts payable	295,049	350,058
Accrued liabilities	239,436	289,861
Total current liabilities	534,485	639,919
Long-term debt	1,179,007	1,161,176
Postretirement benefits	67,403	67,828
Deferred income taxes	58,494	58,582
Long-term operating lease liabilities	61,400	59,250
Other long-term liabilities	31,775	30,970
Stockholders’ equity:
Common stock	503	503
Additional paid-in capital	809,596	825,669
Retained earnings	812,564	751,522
Accumulated other comprehensive loss	(23,171)	(5,871)
Treasury stock	(465,969)	(428,812)
Total Belden stockholders’ equity	1,133,523	1,143,011
Noncontrolling interests	694	939
Total stockholders’ equity	1,134,217	1,143,950
Total liabilities and stockholders' equity	$ 3,066,781	$ 3,161,675

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Income Statement [Abstract]
Revenues	$ 641,789	$ 610,371
Cost of sales	(395,684)	(401,511)
Gross profit	246,105	208,860
Selling, general and administrative expenses	(121,574)	(103,066)
Research and development expenses	(29,384)	(23,456)
Amortization of intangibles	(9,610)	(8,817)
Operating income	85,537	73,521
Interest expense, net	(8,201)	(14,411)
Non-operating pension benefit	488	1,200
Loss on debt extinguishment	0	(6,392)
Income from continuing operations before taxes	77,824	53,918
Income tax expense	(14,879)	(9,822)
Income from continuing operations	62,945	44,096
Loss from discontinued operations, net of tax	0	(3,685)
Loss on disposal of discontinued operations, net of tax	0	(4,567)
Net income	62,945	35,844
Less: Net income (loss) attributable to noncontrolling interest	(247)	3
Net income attributable to Belden stockholders	$ 63,192	$ 35,841
Weighted average number of common shares and equivalents:
Basic (in shares)	42,827	44,811
Diluted (in shares)	43,669	45,567
Basic income (loss) per share attributable to Belden stockholders:
Continuing operations (in dollars per share)	$ 1.48	$ 0.98
Discontinued operations (in dollars per share)	0	(0.08)
Disposal of discontinued operations (in dollars per share)	0	(0.10)
Net income (in dollars per share)	1.48	0.80
Diluted income (loss) per share attributable to Belden stockholders:
Continuing operation (in dollars per share)	1.45	0.97
Discontinued operations (in dollars per share)	0	(0.08)
Disposal of discontinued operations (in dollars per share)	0	(0.10)
Net income (in dollars per share)	$ 1.45	$ 0.79
Comprehensive income attributable to Belden	$ 45,892	$ 39,769
Common stock dividends declared per share (usd per share)	$ 0.05	$ 0.05

Condensed Consolidated Cash Flo

Condensed Consolidated Cash Flow Statements - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Cash flows from operating activities:
Net income	$ 62,945	$ 35,844
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	23,416	21,083
Share-based compensation	6,253	5,224
Loss on debt extinguishment	0	6,392
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes, acquired businesses and disposals:
Receivables	13,928	37,617
Inventories	(28,152)	(46,959)
Accounts payable	(56,056)	(21,373)
Accrued liabilities	(54,551)	(83,527)
Income taxes	2,701	2,209
Other assets	(4,111)	(2,915)
Other liabilities	1,755	(11,550)
Net cash used for operating activities	(31,872)	(57,955)
Cash flows from investing activities:
Capital expenditures	(13,844)	(10,963)
Cash used for business acquisitions, net of cash acquired	0	(65,990)
Proceeds from disposal of tangible assets	1	56
Proceeds from disposal of businesses, net of cash sold	10,000	338,686
Net cash provided by (used for) investing activities	(3,843)	261,789
Cash flows from financing activities:
Payments under share repurchase program	(50,000)	(50,000)
Withholding tax payments for share-based payment awards	(13,292)	(3,700)
Cash dividends paid	(2,146)	(2,276)
Payments under financing lease obligations	(38)	(45)
Payments under borrowing arrangements	0	(230,639)
Proceeds from issuance of common stock	1,679	0
Net cash used for financing activities	(63,797)	(286,660)
Effect of foreign currency exchange rate changes on cash and cash equivalents	881	(1,349)
Decrease in cash and cash equivalents	(98,631)	(84,175)
Cash and cash equivalents, beginning of period	687,676	643,757
Cash and cash equivalents, end of period	$ 589,045	$ 559,582

Condensed Consolidated Stockhol

Condensed Consolidated Stockholders' Equity Statements - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other  Comprehensive Loss	Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2021		50,335
Beginning balance at Dec. 31, 2021	$ 956,082	$ 503	$ 833,627	$ 505,717	$ (313,994)	$ (70,566)	$ 795
Beginning balance (in shares) at Dec. 31, 2021					(5,360)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	35,844			35,841			3
Other comprehensive income (loss), net of tax	3,955					3,928	27
Retirement Savings Plan stock contributions	2,453		(356)		$ 2,809
Retirement Savings Plan stock contributions (in shares)					43
Exercise of stock options, net of tax withholding forfeitures	(151)		(526)		$ 375
Exercise of stock options, net of tax withholding forfeitures (in shares)					6
Conversion of restricted stock units into common stock, net of tax withholding forfeitures	$ (3,548)		(11,287)		$ 7,739
Conversion of restricted stock units into common stock, net of tax withholding forfeitures (in shares)					103
Share repurchase program, net of excise tax (in shares)	(900)				(885)
Share repurchase program, net of excise tax	$ (50,000)				$ (50,000)
Share-based compensation	5,224		5,224
Common stock dividends	(2,264)			(2,264)
Ending balance (in shares) at Apr. 03, 2022		50,335
Ending balance at Apr. 03, 2022	947,595	$ 503	826,682	539,294	$ (353,071)	(66,638)	825
Ending balance (in shares) at Apr. 03, 2022					(6,093)
Beginning balance (in shares) at Dec. 31, 2022		50,335
Beginning balance at Dec. 31, 2022	1,143,950	$ 503	825,669	751,522	$ (428,812)	(5,871)	939
Beginning balance (in shares) at Dec. 31, 2022					(7,502)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	62,945			63,192			(247)
Other comprehensive income (loss), net of tax	(17,298)					(17,300)	2
Common stock issuance	1,679		(420)		$ 2,099
Common stock issuance (in shares)					37
Retirement Savings Plan stock contributions	2,396		638		$ 1,758
Retirement Savings Plan stock contributions (in shares)					28
Exercise of stock options, net of tax withholding forfeitures	(2,596)		(4,547)		$ 1,951
Exercise of stock options, net of tax withholding forfeitures (in shares)					47
Conversion of restricted stock units into common stock, net of tax withholding forfeitures	(10,696)		(17,997)		$ 7,301
Conversion of restricted stock units into common stock, net of tax withholding forfeitures (in shares)					196
Share repurchase program, net of excise tax (shares)					(594)
Share repurchase program, net of excise tax	$ (50,266)				$ (50,266)
Share repurchase program, net of excise tax (in shares)	(600)
Share repurchase program, net of excise tax	$ (50,000)
Share-based compensation	6,253		6,253
Common stock dividends	(2,150)			(2,150)
Ending balance (in shares) at Apr. 02, 2023		50,335
Ending balance at Apr. 02, 2023	$ 1,134,217	$ 503	$ 809,596	$ 812,564	$ (465,969)	$ (23,171)	$ 694
Ending balance (in shares) at Apr. 02, 2023					(7,788)

Condensed Consolidated Stockh_2

Condensed Consolidated Stockholders' Equity Statements (Parenthetical) - $ / shares	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Statement of Stockholders' Equity [Abstract]
Common stock dividends declared per share (usd per share)	$ 0.05	$ 0.05

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 02, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying Condensed 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 Condensed Consolidated Financial Statements presented as of any date other than December 31, 2022: • 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 Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Supplementary Data contained in our 2022 Annual Report on Form 10-K. Business Description We are a leading global supplier of network infrastructure solutions built around two global businesses - Enterprise Solutions and Industrial Automation Solutions. Our mission is to build the foundation for a digital world that makes the digital journey simpler, smarter and secure. 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, which was April 2, 2023, the 92nd day of our fiscal year 2023. Our fiscal second and third quarters each have 91 days. The three months ended April 3, 2022 included 93 days. 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; and • Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. As of and during the three months ended April 2, 2023 and April 3, 2022, we utilized Level 1 inputs to determine the fair value of cash equivalents. We did not have any transfers between Level 1 and Level 2 fair value measurements during the three months ended April 2, 2023 and April 3, 2022. 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. As of April 2, 2023, we did not have any such cash equivalents on hand. 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. Contingent Liabilities We have established liabilities for environmental and legal contingencies that are probable of occurrence and reasonably estimable, the amounts of which are currently not material. 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. Historically, these lawsuits have primarily involved 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 material adverse effect on our financial position, results of operations, or cash flow. As of April 2, 2023, we were party to standby letters of credit, bank guaranties, and surety bonds totaling $8.7 million, $4.4 million, and $3.8 million, respectively. Revenue Recognition We recognize revenue consistent with the principles as outlined in the following five step model: (1) identify the contract with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) each performance obligation is satisfied. See Note 2. Subsequent Events We evaluated subsequent events after the balance sheet date through the financial statement issuance date for appropriate accounting and disclosure. See Note 17. Equity Method Investment During the second quarter of 2022, we invested $20.0 million in Litmus Automation, Inc. (Litmus) for a noncontrolling ownership interest. Litmus provides the critical data connectivity needed to monitor, visualize, analyze, and integrate industrial data. We account for this investment using the equity method of accounting. The carrying value of our investment is included in Other Long-Lived Assets in the Condensed Consolidated Balance Sheets. The results of our investment in Litmus were not material to our consolidated financial statements for the three months ended April 2, 2023. Noncontrolling Interest We had a 51% ownership percentage in a joint venture with Shanghai Hi-Tech Control System Co, Ltd (Hite). The joint venture develops and provides certain Industrial Automation Solutions products and integrated solutions to customers in China. The joint venture was determined to not have sufficient equity at risk; therefore, it was considered a variable interest entity. We determined that Belden was the primary beneficiary of the joint venture, due to both our ownership percentage and our control over the activities of the joint venture that most significantly impact its economic performance based on the terms of the joint venture agreement with Hite. Because Belden was the primary beneficiary of the joint venture, we consolidated the joint venture in our financial statements. The results of the joint venture attributable to Hite’s ownership are presented as net income attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations. The joint venture was not material to our consolidated financial statements as of or for the periods ended April 2, 2023 and April 3, 2022. On April 28, 2023, we sold our 51% ownership percentage to Hite for $0.9 million. The sale also includes $0.6 million of potential earnout payments. We deconsolidated the joint venture as of April 28, 2023. See Note 17. Certain Belden subsidiaries include a noncontrolling interest as of and for the periods ended April 2, 2023 and April 3, 2022 . The results attributable to the noncontrolling interest holders are not material to our consolidated financial statements , and are presented as net income attributable to noncontrolling interests in the Condensed Consolidated Statements of Operations. Current Year Adoption of Accounting Pronouncements

Revenues

Revenues	3 Months Ended
	Apr. 02, 2023
Revenue from Contract with Customer [Abstract]
Revenues	RevenuesRevenues are recognized when control of the promised goods or services is transferred to our customers and in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Taxes collected from customers and remitted to governmental authorities are not included in our revenues. The following tables present our revenues disaggregated by major product category. Broadband Industrial Automation Smart Buildings Total Three Months Ended April 2, 2023 (In thousands) Enterprise Solutions $ 131,555 $ — $ 143,788 $ 275,343 Industrial Automation Solutions — 366,446 — 366,446 Total $ 131,555 $ 366,446 $ 143,788 $ 641,789 Three Months Ended April 3, 2022 Enterprise Solutions $ 121,805 $ — $ 146,625 $ 268,430 Industrial Automation Solutions — 341,941 — 341,941 Total $ 121,805 $ 341,941 $ 146,625 $ 610,371 The following tables present our revenues disaggregated by geography, based on the location of the customer purchasing the product. Americas EMEA APAC Total Revenues Three Months Ended April 2, 2023 (In thousands) Enterprise Solutions $ 213,887 $ 37,448 $ 24,008 $ 275,343 Industrial Automation Solutions 215,213 101,921 49,312 366,446 Total $ 429,100 $ 139,369 $ 73,320 $ 641,789 Three Months Ended April 3, 2022 Enterprise Solutions $ 204,386 $ 39,389 $ 24,655 $ 268,430 Industrial Automation Solutions 204,310 90,451 47,180 341,941 Total $ 408,696 $ 129,840 $ 71,835 $ 610,371 We generate revenues primarily by selling products that support communication, infrastructure, and delivery solutions that make the digital journey simpler, smarter, and more secure. We also generate revenues from providing support and professional services. We sell our products to distributors, end-users, installers, and directly to original equipment manufacturers. At times, we enter into arrangements that involve the delivery of multiple performance obligations. For these arrangements, revenue is allocated to each performance obligation based on its relative standalone selling price and recognized when or as each performance obligation is satisfied. Generally, we determine relative standalone selling price using the prices charged separately to customers on a standalone basis. Most of our performance obligations related to the sale of products are satisfied at a point in time when control of the product is transferred based on the shipping terms of the arrangement. Typically, payments are due after control transfers, which is less than one year from satisfaction of the performance obligation. The amount of consideration we receive and revenue we recognize varies due to rebates, returns, and price adjustments. We estimate the expected rebates, returns, and price adjustments based on an analysis of historical experience, anticipated sales demand, and trends in product pricing. We adjust our estimate of revenue at the earlier of when the most likely amount of consideration we expect to receive changes or when the consideration becomes fixed. Adjustments to revenue for performance obligations satisfied in prior periods were not significant during the three months ended April 2, 2023 and April 3, 2022 . The following table presents estimated and accrued variable consideration: April 2, 2023 December 31, 2022 (in thousands) Accrued rebates included in accrued liabilities $ 37,363 $ 55,559 Accrued returns included in accrued liabilities 13,857 11,700 Price adjustments recognized against gross accounts receivable 22,188 24,304 Depending on the terms of an arrangement, we may defer the recognition of some or all of the consideration received because we have to satisfy a future obligation. Consideration allocated to support services under a support and maintenance contract is typically paid in advance and recognized ratably over the term of the service. Consideration allocated to professional services is typically recognized wh en or as the services are performed depending on the terms of the arrangement. As of April 2, 2023, total deferred revenue was $29.3 million, and of this amount, $22.6 million is expected to be recognized within the next twelve months, and the remaining $6.7 million is long- term and is expected to be recognized over a period greater than twelve months. The following table presents deferred revenue activity during the three months ended April 2, 2023 and April 3, 2022, respectively: 2023 2022 (In thousands) Beginning balance at January 1 $ 33,243 $ 19,390 New deferrals 4,359 8,857 Acquisitions — 6,567 Revenue recognized (8,307) (3,365) Balance at the end of Q1 29,295 31,449 Service-type warranties represent $8.2 million of the deferred revenue balance at April 2, 2023, and of this amount $3.9 million is expected to be recognized in the next twelve months, and the remaining $4.3 million is long-term and will be recognized over a period greater than twelve months. As of April 2, 2023 and December 31, 2022, we did not have any material contract assets recorded in the Condensed Consolidated Balance Sheets. We expense sales commissions as incurred when the duration of the related revenue arrangement is one year or less. We capitalize sales commissions when the original duration of the related revenue arrangement is longer than one year, and we amortize it over the related revenue arrangement period. We did not have any capitalized sales commissions on our balance sheet as of April 2, 2023 and December 31, 2022. The following table presents sales commissions that are recorded within selling, general and administrative expenses: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Sales commissions $ 5,773 $ 5,223

Discontinued Operations

Discontinued Operations	3 Months Ended
	Apr. 02, 2023
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On February 22, 2022, we sold Tripwire for gross cash consideration of $350 million. T he divestiture of Tripwire represented a strategic shift impacting our operations and financial results. As a result, the Tripwire disposal group, which was included in our Industrial Automation Solutions segment, is reported within discontinued operations. We recognized a loss on disposal of discontinued operations, net of tax of $4.6 million during the three months ended April 3, 2022. The following table summarizes the operating results of the Tripwire disposal group from January 1, 2022 to the February 22, 2022 disposal date (in thousands): Revenues $ 12,067 Cost of sales (3,256) Gross profit 8,811 Selling, general and administrative expenses (8,185) Research and development expenses (5,528) Amortization of intangible assets (638) Loss before taxes $ (5,540) During the three months ended April 3, 2022, th e Tripwire disposal group did not have any capital expenditures and recognized share-based compensation expense of $0.2 million. The disposal group did not have any significant non-cash charges for investing activities during the three months ended April 3 , 2022

Reportable Segments

Reportable Segments	3 Months Ended
	Apr. 02, 2023
Segment Reporting [Abstract]
Reportable Segments	Reportable Segments We are organized around two global businesses: Enterprise Solutions and Industrial Automation Solutions. Each of the global businesses represents a reportable segment. The key measures of segment profit or loss are Segment Revenues and Segment EBITDA. Segment Revenues represent non-affiliate revenues. Segment EBITDA excludes certain items, including depreciation expense; amortization of intangibles; asset impairment; severance, restructuring, and acquisition integration costs; purchase accounting effects related to acquisitions, such as the adjustment of acquired inventory to fair value; and other costs. We allocate corporate expenses to the segments for purposes of measuring Segment EBITDA. Corporate expenses are allocated on the basis of each segment’s relative EBITDA prior to the allocation. Our measure of segment assets does not include cash, goodwill, intangible assets, deferred tax assets, or corporate assets. All goodwill is allocated to reporting units of our segments for purposes of impairment testing. Inter-company revenues between our segments is not material. Enterprise Solutions Industrial Automation Solutions Total Segments (In thousands) As of and for the three months ended April 2, 2023 Segment Revenues $ 275,343 $ 366,446 $ 641,789 Segment EBITDA 37,205 73,787 110,992 Depreciation expense 5,954 6,400 12,354 Amortization of intangibles 4,495 5,115 9,610 Amortization of software development intangible assets — 1,452 1,452 Severance, restructuring, and acquisition integration costs 25 1,687 1,712 Adjustments related to acquisitions and divestitures — 298 298 Segment assets 597,426 660,300 1,257,726 As of and for the three months ended April 3, 2022 Segment Revenues $ 268,430 $ 341,941 $ 610,371 Segment EBITDA 30,821 67,528 98,349 Depreciation expense 5,426 5,800 11,226 Amortization of intangibles 4,097 4,720 8,817 Amortization of software development intangible assets 22 985 1,007 Severance, restructuring, and acquisition integration costs 328 3,395 3,723 Segment assets 574,494 628,290 1,202,784 The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income from continuing operations before taxes, respectively. Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Total Segment and Consolidated Revenues $ 641,789 $ 610,371 Total Segment EBITDA $ 110,992 $ 98,349 Depreciation expense (12,354) (11,226) Amortization of intangibles (9,610) (8,817) Severance, restructuring, and acquisition integration costs (1) (1,712) (3,723) Amortization of software development intangible assets (1,452) (1,007) Adjustments related to acquisitions and divestitures (2) (298) — Eliminations (29) (55) Consolidated operating income 85,537 73,521 Interest expense, net (8,201) (14,411) Loss on debt extinguishment — (6,392) Total non-operating pension benefit 488 1,200 Consolidated income from continuing operations before taxes $ 77,824 $ 53,918 (1) Severance, restructuring, and acquisition integration costs for the three months ended April 2, 2023 and April 3, 2022 primarily related to our Acquisition Integration program. See Note 10. (2) During the three months ended April 2, 2023, we incurred $0.3 million for fair value adjustments of acquired investments.

Income (loss) per Share

Income (loss) per Share	3 Months Ended
	Apr. 02, 2023
Earnings Per Share [Abstract]
Income (loss) per Share	Income (loss) per Share The following table presents the basis for the income (loss) per share computations: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Numerator: Income from continuing operations $ 62,945 $ 44,096 Less: Net income (loss) attributable to noncontrolling interest (247) 3 Income from continuing operations attributable to Belden stockholders 63,192 44,093 Add: Loss from discontinued operations, net of tax — (3,685) Add: Loss on disposal of discontinued operations, net of tax — (4,567) Net income attributable to Belden stockholders $ 63,192 $ 35,841 Denominator: Weighted average shares outstanding, basic 42,827 44,811 Effect of dilutive common stock equivalents 842 756 Weighted average shares outstanding, diluted 43,669 45,567 For the three months ended April 2, 2023 and April 3, 2022, diluted weighted average shares outstanding excluded outstanding equity awards of 0.2 million and 1.1 million, respectively, as they were anti-dilutive. In addition, for both the three months ended April 2, 2023 and April 3, 2022, diluted weighted average shares outstanding did not include outstanding equity a wards of 0.1 million becau se the related performance conditions have not been satisfied. For purposes of calculating basic earnings per share, unvested restricted stock units are not included in the calculation of basic weighted average shares outstanding until all necessary conditions have been satisfied and issuance of the shares underlying the restricted stock units is no longer contingent. Necessary conditions are not satisfied until the vesting date, at which time holders of our restricted stock units receive shares of our common stock. For purposes of calculating diluted earnings per share, unvested restricted stock units are included to the extent that they are dilutive. In determining whether unvested restricted stock units are dilutive, each issuance of restricted stock units is considered separately. Once a restricted stock unit has vested, it is included in the calculation of both basic and diluted weighted average shares outstanding.

Credit Losses

Credit Losses	3 Months Ended
	Apr. 02, 2023
Credit Loss [Abstract]
Credit Losses	Credit Losses We are exposed to credit losses primarily through sales of products and services. Our expected loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade accounts receivables. Due to the short-term nature of such receivables, the estimated amount of accounts receivable that may not be collected is based on aging of the accounts receivable balances and the financial condition of customers. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. Our monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of customers' financial condition and macroeconomic conditions. Balances are written off when determined to be uncollectible. Estimates are used to determine the allowance, which is based upon an assessment of anticipated payments as well as other information that is reasonably available. The following table presents the activity in the trade receivables allowance for doubtful accounts for our continuing operations for the three months ended April 2, 2023 and April 3, 2022, respectively: 2023 2022 (In thousands) Beginning balance at January 1 $ 7,954 $ 4,864 Current period provision 4,004 846 Acquisitions — 319 Recoveries collected — (50) Write-offs (3) (667) Fx impact (25) (19) Q1 ending balance $ 11,930 $ 5,293

Inventories

Inventories	3 Months Ended
	Apr. 02, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories The following table presents the major classes of inventories as of April 2, 2023 and December 31, 2022 , respectively: April 2, 2023 December 31, 2022 (In thousands) Raw materials $ 181,699 $ 162,154 Work-in-process 37,563 35,011 Finished goods 202,231 190,311 Gross inventories 421,493 387,476 Excess and obsolete reserves (50,764) (45,913) Net inventories $ 370,729 $ 341,563

Leases

Leases	3 Months Ended
	Apr. 02, 2023
Leases [Abstract]
Leases	LeasesWe have operating and finance leases for properties, including manufacturing facilities, warehouses, and office space; as well as vehicles and equipment. We make certain judgments in determining whether a contract contains a lease in accordance with ASU 2016-02. Our leases have remaining lease terms within 1 to 15 years; some of which include extension and termination options. We do not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably certain as of the commencement date of the lease. We have a few short-term operating leases with terms less than twelve months - these leases are not recorded on our balance sheet and the overall rent expense is not material. We also have certain lease contracts that contain both lease and non-lease components. We have elected the practical expedient to account for these components together as a single, combined lease component. T he rate implicit in most of our leases is not readily determinable. As a result, we utilize the incremental borrowing rate to determine the present value of the lease payments, which is unique to each leased asset, and is based upon the term of the lease, commencement date of the lease, local currency of the leased asset, and the credit rating of the legal entity leasing the asset. Our lease agreements do not contain material residual value gu arantees. Our variable lease expense was approximately $0.8 million for each the three months ended April 2, 2023 and April 3, 2022. The components of lease expense were as follows: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Operating lease cost $ 5,517 $ 5,428 Finance lease cost Amortization of right-of-use asset $ 201 $ 288 Interest on lease liabilities 80 6 Total finance lease cost $ 281 $ 294 Supplemental cash flow information related to leases was as follows: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,665 $ 4,776 Operating cash flows from finance leases were not material during the three months ended April 2, 2023 and April 3, 2022. Supplemental balance sheet information related to leases was as follows: April 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Operating leases: Total operating lease right-of-use assets $ 74,451 $ 73,376 Accrued liabilities $ 16,725 $ 16,442 Long-term operating lease liabilities 61,400 59,250 Total operating lease liabilities $ 78,125 $ 75,692 Finance leases: Other long-lived assets, at cost $ 6,340 $ 6,323 Accumulated depreciation (891) (733) Other long-lived assets, net $ 5,449 $ 5,590 Accrued liabilities $ 487 $ 391 Other long-term liabilities 5,867 5,928 Total finance lease liabilities $ 6,354 $ 6,319 April 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Weighted Average Remaining Lease Term Operating leases 6 years 6 years Finance leases 10 years 10 years Weighted Average Discount Rate Operating leases 5.2 % 5.2 % Finance leases 4.2 % 4.2 % The following table summarizes maturities of lease liabilities as of April 2, 2023 and December 31, 2022, respectively: April 2, 2023 December 31, 2022 (In thousands) 2023 $ 13,153 $ 15,815 2024 15,343 14,809 2025 14,010 13,472 2026 12,495 11,964 2027 6,664 6,464 Thereafter 21,094 20,907 Total $ 82,759 $ 83,431 In addition, we are party to two lease guarantees. Belden covenanted the lease payments for two Grass Valley property leases which will expire in 2029 and 2035, and collectively have approximately $19 million of fixed lease payments remaining. These lease guarantees were retained by Belden and not transferred to the buyer of Grass Valley. During 2022, Grass Valley defaulted on both property leases. As of April 2, 2023, we have a liability for expected, future payments of $8.8 million. The liability is based on certain assumptions, such as receiving a level of sublease income, that we will reassess on an ongoing basis. We will update the estimated liability balance for changes in assumptions as needed.
Leases	LeasesWe have operating and finance leases for properties, including manufacturing facilities, warehouses, and office space; as well as vehicles and equipment. We make certain judgments in determining whether a contract contains a lease in accordance with ASU 2016-02. Our leases have remaining lease terms within 1 to 15 years; some of which include extension and termination options. We do not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably certain as of the commencement date of the lease. We have a few short-term operating leases with terms less than twelve months - these leases are not recorded on our balance sheet and the overall rent expense is not material. We also have certain lease contracts that contain both lease and non-lease components. We have elected the practical expedient to account for these components together as a single, combined lease component. T he rate implicit in most of our leases is not readily determinable. As a result, we utilize the incremental borrowing rate to determine the present value of the lease payments, which is unique to each leased asset, and is based upon the term of the lease, commencement date of the lease, local currency of the leased asset, and the credit rating of the legal entity leasing the asset. Our lease agreements do not contain material residual value gu arantees. Our variable lease expense was approximately $0.8 million for each the three months ended April 2, 2023 and April 3, 2022. The components of lease expense were as follows: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Operating lease cost $ 5,517 $ 5,428 Finance lease cost Amortization of right-of-use asset $ 201 $ 288 Interest on lease liabilities 80 6 Total finance lease cost $ 281 $ 294 Supplemental cash flow information related to leases was as follows: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,665 $ 4,776 Operating cash flows from finance leases were not material during the three months ended April 2, 2023 and April 3, 2022. Supplemental balance sheet information related to leases was as follows: April 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Operating leases: Total operating lease right-of-use assets $ 74,451 $ 73,376 Accrued liabilities $ 16,725 $ 16,442 Long-term operating lease liabilities 61,400 59,250 Total operating lease liabilities $ 78,125 $ 75,692 Finance leases: Other long-lived assets, at cost $ 6,340 $ 6,323 Accumulated depreciation (891) (733) Other long-lived assets, net $ 5,449 $ 5,590 Accrued liabilities $ 487 $ 391 Other long-term liabilities 5,867 5,928 Total finance lease liabilities $ 6,354 $ 6,319 April 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Weighted Average Remaining Lease Term Operating leases 6 years 6 years Finance leases 10 years 10 years Weighted Average Discount Rate Operating leases 5.2 % 5.2 % Finance leases 4.2 % 4.2 % The following table summarizes maturities of lease liabilities as of April 2, 2023 and December 31, 2022, respectively: April 2, 2023 December 31, 2022 (In thousands) 2023 $ 13,153 $ 15,815 2024 15,343 14,809 2025 14,010 13,472 2026 12,495 11,964 2027 6,664 6,464 Thereafter 21,094 20,907 Total $ 82,759 $ 83,431 In addition, we are party to two lease guarantees. Belden covenanted the lease payments for two Grass Valley property leases which will expire in 2029 and 2035, and collectively have approximately $19 million of fixed lease payments remaining. These lease guarantees were retained by Belden and not transferred to the buyer of Grass Valley. During 2022, Grass Valley defaulted on both property leases. As of April 2, 2023, we have a liability for expected, future payments of $8.8 million. The liability is based on certain assumptions, such as receiving a level of sublease income, that we will reassess on an ongoing basis. We will update the estimated liability balance for changes in assumptions as needed.

Long-Lived Assets

Long-Lived Assets	3 Months Ended
	Apr. 02, 2023
Property, Plant and Equipment [Abstract]
Long-Lived Assets	Long-Lived Assets Depreciation and Amortization Expense We recognized depreciation expense in income from continuing operations of $12.4 million and $11.2 million in the three months ended April 2, 2023 and April 3, 2022, respectively. We recognized amortization expense in income from continuing operations of $11.1 million and $9.8 million in the three months ended April 2, 2023 and April 3, 2022, respectively. Asset Held for Sale On January 18, 2023, we entered into an agreement to sell our property in Ontario, Canada as part of a sale and leaseback transaction for $17.4 million. When the asset met the held for sale criteria, we performed a recoverability test and determined that the carrying value of the property to be disposed of is less than the purchase price less cost to sell; thus, the long-lived asset group is recoverable and no impairment exists. The carrying value of the property is not material and is included in property, plant, and equipment in the condensed consolidated balance sheets. The sale is expected to close during 2023.

Severance, Restructuring, and A

Severance, Restructuring, and Acquisition Integration Activities	3 Months Ended
	Apr. 02, 2023
Restructuring and Related Activities [Abstract]
Severance, Restructuring, and Acquisition Integration Activities	Severance, Restructuring, and Acquisition Integration Activities Acquisition Integration Program We are integrating our recent acquisitions with our existing businesses to achieve desired cost savings, which are primarily focused on consolidating existing and acquired facilities as well as other support functions. The Industrial Automation Solutions segment incurred $0.7 million and $3.0 million of restructuring and integration co sts during the three months ended April 2, 2023 and April 3, 2022, respectively. The restructuring and integration costs incurred during 2023 and 2022 primarily consisted of equipment transfer, costs to consolidate operating and support facilities, retention bonuses, relocation, travel, legal, and other costs. The majority of the restructuring and integration costs related to these actions were paid as incurred or are payable within the next 60 days. Furthermore, t here were no significant severance accrual balances as of April 2, 2023 or December 31, 2022. The following table summarizes the severance and other restructuring and integration costs of the Acquisition Integration Program described above by financial statement line item in the Condensed Consolidated Statement of Operations: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Cost of sales $ — $ 372 Selling, general and administrative expenses 674 2,611 Total $ 674 $ 2,983

Long-Term Debt and Other Borrow

Long-Term Debt and Other Borrowing Arrangements	3 Months Ended
	Apr. 02, 2023
Debt Disclosure [Abstract]
Long-Term Debt and Other Borrowing Arrangements	Long-Term Debt and Other Borrowing Arrangements The carrying values of our long-term debt were as follows: April 2, 2023 December 31, 2022 (In thousands) Revolving credit agreement due 2026 $ — $ — Senior subordinated notes: 3.375% Senior subordinated notes due 2027 487,395 480,330 3.875% Senior subordinated notes due 2028 379,085 373,590 3.375% Senior subordinated notes due 2031 324,930 320,220 Total senior subordinated notes 1,191,410 1,174,140 Less unamortized debt issuance costs (12,403) (12,964) Long-term debt $ 1,179,007 $ 1,161,176 Revolving Credit Agreement due 2026 We have a $300.0 million multi-currency asset-based revolving credit facility (the Revolver). The maturity date of the Revolver is June 2, 2026. The borrowing base under the Revolver includes eligible accounts receivable; inventory; and property, plant and equipment of certain of our subsidiaries in the United States, Canada, Germany, the United Kingdom and the Netherlands. Interest on outstanding borrowings is variable, based upon SOFR or other similar indices in foreign jurisdictions, plus a spread that ranges from 1.25%-1.75%, depending upon our leverage position. Outstanding borrowings in the U.S. and Canada may also, at our election, be priced on a base rate plus a spread that ranges from 0.25% — 0.75%, depending on our leverage position. We pay a commitment fee on the total commitments of 0.25%. In the event that we borrow more than 90% of our combined borrowing base or our borrowing base availability is less than $20.0 million, we are subject to a fixed charge coverage ratio covenant. As of April 2, 2023, we had no borrowings outstanding on the Revolver, and our available borrowing capacity was $291.9 million. Senior Subordinated Notes We had outstanding €200.0 million aggregate principal amount of 4.125% senior subordinated notes due 2026 (the 2026 Notes). During the three months ended April 3, 2022, we repurchased the full €200.0 million 2026 Notes outstanding for cash consideration of €204.1 million ($227.9 million), including a redemption premium, and recognized a $6.4 million loss on debt extinguishment including the write-off of unamortized debt issuance costs. We have outstanding €450.0 million aggregate principal amount of 3.375% senior subordinated notes due 2027 (the 2027 Notes). The carrying value of the 2027 Notes as of April 2, 2023 is $487.4 million. The 2027 Notes are guaranteed on a senior subordinated basis by our current and future domestic subsidiaries. The 2027 Notes rank equal in right of payment with our senior subordinated notes due 2031 and 2028 and with any future subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our Revolver. Interest is payable semiannually on January 15 and July 15 of each year. We have outstanding €350.0 million aggregate principal amount of 3.875% senior subordinated notes due 2028 (the 2028 Notes). The carrying value of the 2028 Notes as of April 2, 2023 is $379.1 million. The 2028 Notes are guaranteed on a senior subordinated basis by our current and future domestic subsidiaries. The 2028 Notes rank equal in right of payment with our senior subordinated notes due 2031 and 2027 and with any future subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantors, including our Revolver. Interest is payable semiannually on March 15 and September 15 of each year. We have outstanding €300.0 million aggregate principal amount of 3.375% senior subordinated notes due 2031 (the 2031 Notes). The carrying value of the 2031 Notes as of April 2, 2023 is $324.9 million. The 2031 Notes are guaranteed on a senior subordinated basis by our current and future domestic subsidiaries. The 2031 Notes rank equal in right of payment with our senior subordinated notes due 2028 and 2027 and with any future subordinated debt, and they are subordinated to all of our senior debt and the senior debt of our subsidiary guarantor s, including our Revolver. Interest is payable semiannually on January 15 and July 15 of each year. Fair Value of Long-Term Debt

Net Investment Hedge

Net Investment Hedge	3 Months Ended
	Apr. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net Investment Hedge	Net Investment Hedge All of our euro denominated notes were issued by Belden Inc., a USD functional currency entity. As of April 2, 2023, €567.8 million o f our outstanding foreign denominated debt is designated as a net investment hedge on the foreign currency risk of our net investment in our euro foreign operations. The objective of the hedge is to protect the net investment in the foreign operation against adverse changes in the euro exchange rate. The transaction gain or loss is reported in the translation adjustment section of other comprehensive income. For the three months ended April 2, 2023 and April 3, 2022, the transaction gain (loss) associated with the net investment hedge reported in other comprehensive income was $(9.1) million and $13.7 million, respectively. In 2022, we de-designated €200.0 million of our outstanding debt that was previously designated as a net investment hedge. After the de-designation, transaction gains or losses associated with this €200.0 million of debt are reported in income from continuing operations.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 02, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesFor the three months ended April 2, 2023 and April 3, 2022, we recognized income tax expense of $14.9 million and $9.8 million, respectively, representing an effective tax rate of 19.1% and 18.2%, respectively. The effective tax rates were primarily impacted by the effect of our foreign operations, including statutory tax rates differences and foreign tax credits. On August 16, 2022, the Inflation Reduction Act of 2022 (the Act) was signed into law. None of the tax provisions of the Act are expected to have a material impact to our consolidated financial statements and related disclosures.

Pension and Other Postretiremen

Pension and Other Postretirement Obligations	3 Months Ended
	Apr. 02, 2023
Retirement Benefits [Abstract]
Pension and Other Postretirement Obligations	Pension and Other Postretirement Obligations The following table provides the components of net periodic benefit costs for our pension and other postretirement benefit plans: Pension Obligations Other Postretirement Obligations April 2, 2023 April 3, 2022 April 2, 2023 April 3, 2022 (In thousands) Three Months Ended Service cost $ 690 $ 911 $ 3 $ 6 Interest cost 3,744 2,305 251 195 Expected return on plan assets (4,109) (3,963) — — Amortization of prior service cost 43 47 — — Actuarial losses (gains) (226) 236 (191) (20) Net periodic benefit cost (income) $ 142 $ (464) $ 63 $ 181

Comprehensive Income and Accumu

Comprehensive Income and Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Apr. 02, 2023
Equity [Abstract]
Comprehensive Income and Accumulated Other Comprehensive Income (Loss)	Comprehensive Income and Accumulated Other Comprehensive Income (Loss) The following table summarizes total comprehensive income (losses): Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Net income $ 62,945 $ 35,844 Foreign currency translation adjustments, net of tax (17,018) 3,762 Adjustments to pension and postretirement liability, net of tax (280) 193 Total comprehensive income 45,647 39,799 Less: Comprehensive income (loss) attributable to noncontrolling interests (245) 30 Comprehensive income attributable to Belden $ 45,892 $ 39,769 The tax impacts of the foreign currency translation adjustments and pension liability adjustments in the table above are not material. The accumulated balances related to each component of other comprehensive income, net of tax, are as follows: Foreign Currency Translation Component Pension and Other Accumulated Other (In thousands) Balance at December 31, 2022 $ (1,944) $ (3,927) $ (5,871) Other comprehensive loss attributable to Belden before reclassifications (17,020) — (17,020) Amounts reclassified from accumulated other comprehensive income (loss) — (280) (280) Net current period other comprehensive loss attributable to Belden (17,020) (280) (17,300) Balance at April 2, 2023 $ (18,964) $ (4,207) $ (23,171) The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss) for the three months ended April 2, 2023: Amounts Affected Line Item in the Consolidated Statements of Operations and Comprehensive Loss (In thousands) Amortization of pension and other postretirement benefit plan items: Actuarial gains $ (417) (1) Prior service cost 43 (1) Total before tax (374) Tax expense 94 Total net of tax $ (280)

Share Repurchase

Share Repurchase	3 Months Ended
	Apr. 02, 2023
Equity [Abstract]
Share Repurchase	Share Repurchase In 2018, our Board of Directors authorized a share repurchase program, which allows us to purchase up to $300.0 million of our common stock through open market repurchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. This program is funded with cash on hand and cash flows from operating activities. During the three months ended April 2, 2023 , we repurchased 0.6 million shares of our common stock for an aggregate cost of $50.0 million at an average price per share of $84.18. As of April 2, 2023, we had $15.0 million of authorizations remaining under the program. On April 24, 2023, our Board of Directors authorized an additional $300.0 million under the share repurchase program. This share repurchase authorization does not have an expiration date. As of the date of this filing, we had $315.0 million of authorizations remaining under the program. During the three months ended April 3, 2022

Subsequent Event

Subsequent Event	3 Months Ended
	Apr. 02, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent Events On April 17, 2023, we acquired Berthold Sichert GmbH (Sichert) for approximately $98 million, which we funded with cash on hand. Sichert, based in Berlin Germany, designs and manufactures a portfolio of polycarbonate street cabinets utilized in outside plant passive optical networks (“PON”) and 5G networks. Sichert will be reported within the Enterprise Solutions segment. On April 24, 2023, our Board of Directors authorized an additional $300.0 million under the share repurchase program. See Note 16. On April 28, 2023, we sold our 51% ownership interest in Shanghai Hi-Tech Control System Co, Ltd to Hite for $0.9 million. The sale also includes $0.6 million of potential earnout payments. We deconsolidated the joint venture as of April 28, 2023. See Note 1.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 02, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Condensed 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 Condensed Consolidated Financial Statements presented as of any date other than December 31, 2022: • 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 Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Supplementary Data contained in our 2022 Annual Report on Form 10-K.
Business Description	Business DescriptionWe are a leading global supplier of network infrastructure solutions built around two global businesses - Enterprise Solutions and Industrial Automation Solutions. Our mission is to build the foundation for a digital world that makes the digital journey simpler, smarter and secure.
Reporting Periods	Reporting PeriodsOur 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, which was April 2, 2023, the 92nd day of our fiscal year 2023. Our fiscal second and third quarters each have 91 days. The three months ended April 3, 2022 included 93 days.
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; and
Cash and Cash Equivalents	Cash and Cash EquivalentsWe 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. As of April 2, 2023, we did not have any such cash equivalents on hand. 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.
Contingent Liabilities	Contingent Liabilities We have established liabilities for environmental and legal contingencies that are probable of occurrence and reasonably estimable, the amounts of which are currently not material. 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. Historically, these lawsuits have primarily involved 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 material adverse effect on our financial position, results of operations, or cash flow. As of April 2, 2023, we were party to standby letters of credit, bank guaranties, and surety bonds totaling $8.7 million, $4.4 million, and $3.8 million, respectively.
Revenue Recognition	Revenue Recognition We recognize revenue consistent with the principles as outlined in the following five step model: (1) identify the contract with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) each performance obligation is satisfied. See Note 2.
Subsequent Events	Subsequent Events We evaluated subsequent events after the balance sheet date through the financial statement issuance date for appropriate accounting and disclosure. See Note 17.
Equity Method Investment & Noncontrolling Interest	Equity Method Investment During the second quarter of 2022, we invested $20.0 million in Litmus Automation, Inc. (Litmus) for a noncontrolling ownership interest. Litmus provides the critical data connectivity needed to monitor, visualize, analyze, and integrate industrial data. We account for this investment using the equity method of accounting. The carrying value of our investment is included in Other Long-Lived Assets in the Condensed Consolidated Balance Sheets. The results of our investment in Litmus were not material to our consolidated financial statements for the three months ended April 2, 2023. Noncontrolling Interest We had a 51% ownership percentage in a joint venture with Shanghai Hi-Tech Control System Co, Ltd (Hite). The joint venture develops and provides certain Industrial Automation Solutions products and integrated solutions to customers in China. The joint venture was determined to not have sufficient equity at risk; therefore, it was considered a variable interest entity. We determined that Belden was the primary beneficiary of the joint venture, due to both our ownership percentage and our control over the activities of the joint venture that most significantly impact its economic performance based on the terms of the joint venture agreement with Hite. Because Belden was the primary beneficiary of the joint venture, we consolidated the joint venture in our financial statements. The results of the joint venture attributable to Hite’s ownership are presented as net income attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations. The joint venture was not material to our consolidated financial statements as of or for the periods ended April 2, 2023 and April 3, 2022. On April 28, 2023, we sold our 51% ownership percentage to Hite for $0.9 million. The sale also includes $0.6 million of potential earnout payments. We deconsolidated the joint venture as of April 28, 2023. See Note 17. Certain Belden subsidiaries include a noncontrolling interest as of and for the periods ended April 2, 2023 and April 3, 2022 . The results attributable to the noncontrolling interest holders are not material to our consolidated financial statements , and are
Current Year Adoption of Accounting Pronouncements	Current Year Adoption of Accounting PronouncementsNone of the accounting pronouncements that became effective during 2023 had a material impact to our condensed consolidated financial statements or disclosures.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Apr. 02, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables present our revenues disaggregated by major product category. Broadband Industrial Automation Smart Buildings Total Three Months Ended April 2, 2023 (In thousands) Enterprise Solutions $ 131,555 $ — $ 143,788 $ 275,343 Industrial Automation Solutions — 366,446 — 366,446 Total $ 131,555 $ 366,446 $ 143,788 $ 641,789 Three Months Ended April 3, 2022 Enterprise Solutions $ 121,805 $ — $ 146,625 $ 268,430 Industrial Automation Solutions — 341,941 — 341,941 Total $ 121,805 $ 341,941 $ 146,625 $ 610,371 The following tables present our revenues disaggregated by geography, based on the location of the customer purchasing the product. Americas EMEA APAC Total Revenues Three Months Ended April 2, 2023 (In thousands) Enterprise Solutions $ 213,887 $ 37,448 $ 24,008 $ 275,343 Industrial Automation Solutions 215,213 101,921 49,312 366,446 Total $ 429,100 $ 139,369 $ 73,320 $ 641,789 Three Months Ended April 3, 2022 Enterprise Solutions $ 204,386 $ 39,389 $ 24,655 $ 268,430 Industrial Automation Solutions 204,310 90,451 47,180 341,941 Total $ 408,696 $ 129,840 $ 71,835 $ 610,371
Schedule of Contract with Customer, Asset and Liability	The following table presents estimated and accrued variable consideration: April 2, 2023 December 31, 2022 (in thousands) Accrued rebates included in accrued liabilities $ 37,363 $ 55,559 Accrued returns included in accrued liabilities 13,857 11,700 Price adjustments recognized against gross accounts receivable 22,188 24,304 April 2, 2023 and April 3, 2022, respectively: 2023 2022 (In thousands) Beginning balance at January 1 $ 33,243 $ 19,390 New deferrals 4,359 8,857 Acquisitions — 6,567 Revenue recognized (8,307) (3,365) Balance at the end of Q1 29,295 31,449
Schedule of Sales Commissions	The following table presents sales commissions that are recorded within selling, general and administrative expenses: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Sales commissions $ 5,773 $ 5,223

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Apr. 02, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations	The following table summarizes the operating results of the Tripwire disposal group from January 1, 2022 to the February 22, 2022 disposal date (in thousands): Revenues $ 12,067 Cost of sales (3,256) Gross profit 8,811 Selling, general and administrative expenses (8,185) Research and development expenses (5,528) Amortization of intangible assets (638) Loss before taxes $ (5,540)

Reportable Segments (Tables)

Reportable Segments (Tables)	3 Months Ended
	Apr. 02, 2023
Segment Reporting [Abstract]
Schedule of Operating Segment Information	Our measure of segment assets does not include cash, goodwill, intangible assets, deferred tax assets, or corporate assets. All goodwill is allocated to reporting units of our segments for purposes of impairment testing. Inter-company revenues between our segments is not material. Enterprise Solutions Industrial Automation Solutions Total Segments (In thousands) As of and for the three months ended April 2, 2023 Segment Revenues $ 275,343 $ 366,446 $ 641,789 Segment EBITDA 37,205 73,787 110,992 Depreciation expense 5,954 6,400 12,354 Amortization of intangibles 4,495 5,115 9,610 Amortization of software development intangible assets — 1,452 1,452 Severance, restructuring, and acquisition integration costs 25 1,687 1,712 Adjustments related to acquisitions and divestitures — 298 298 Segment assets 597,426 660,300 1,257,726 As of and for the three months ended April 3, 2022 Segment Revenues $ 268,430 $ 341,941 $ 610,371 Segment EBITDA 30,821 67,528 98,349 Depreciation expense 5,426 5,800 11,226 Amortization of intangibles 4,097 4,720 8,817 Amortization of software development intangible assets 22 985 1,007 Severance, restructuring, and acquisition integration costs 328 3,395 3,723 Segment assets 574,494 628,290 1,202,784
Schedule of Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income Before Taxes	The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income from continuing operations before taxes, respectively. Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Total Segment and Consolidated Revenues $ 641,789 $ 610,371 Total Segment EBITDA $ 110,992 $ 98,349 Depreciation expense (12,354) (11,226) Amortization of intangibles (9,610) (8,817) Severance, restructuring, and acquisition integration costs (1) (1,712) (3,723) Amortization of software development intangible assets (1,452) (1,007) Adjustments related to acquisitions and divestitures (2) (298) — Eliminations (29) (55) Consolidated operating income 85,537 73,521 Interest expense, net (8,201) (14,411) Loss on debt extinguishment — (6,392) Total non-operating pension benefit 488 1,200 Consolidated income from continuing operations before taxes $ 77,824 $ 53,918 (1) Severance, restructuring, and acquisition integration costs for the three months ended April 2, 2023 and April 3, 2022 primarily related to our Acquisition Integration program. See Note 10. (2) During the three months ended April 2, 2023, we incurred $0.3 million for fair value adjustments of acquired investments.

Income (loss) per Share (Tables

Income (loss) per Share (Tables)	3 Months Ended
	Apr. 02, 2023
Earnings Per Share [Abstract]
Schedule of Basis for Income Per Share Computations	The following table presents the basis for the income (loss) per share computations: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Numerator: Income from continuing operations $ 62,945 $ 44,096 Less: Net income (loss) attributable to noncontrolling interest (247) 3 Income from continuing operations attributable to Belden stockholders 63,192 44,093 Add: Loss from discontinued operations, net of tax — (3,685) Add: Loss on disposal of discontinued operations, net of tax — (4,567) Net income attributable to Belden stockholders $ 63,192 $ 35,841 Denominator: Weighted average shares outstanding, basic 42,827 44,811 Effect of dilutive common stock equivalents 842 756 Weighted average shares outstanding, diluted 43,669 45,567

Credit Losses (Tables)

Credit Losses (Tables)	3 Months Ended
	Apr. 02, 2023
Credit Loss [Abstract]
Schedule of Accounts Receivable, Allowance for Credit Loss	The following table presents the activity in the trade receivables allowance for doubtful accounts for our continuing operations for the three months ended April 2, 2023 and April 3, 2022, respectively: 2023 2022 (In thousands) Beginning balance at January 1 $ 7,954 $ 4,864 Current period provision 4,004 846 Acquisitions — 319 Recoveries collected — (50) Write-offs (3) (667) Fx impact (25) (19) Q1 ending balance $ 11,930 $ 5,293

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 02, 2023
Inventory Disclosure [Abstract]
Schedule of Major Classes of Inventories	The following table presents the major classes of inventories as of April 2, 2023 and December 31, 2022 , respectively: April 2, 2023 December 31, 2022 (In thousands) Raw materials $ 181,699 $ 162,154 Work-in-process 37,563 35,011 Finished goods 202,231 190,311 Gross inventories 421,493 387,476 Excess and obsolete reserves (50,764) (45,913) Net inventories $ 370,729 $ 341,563

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 02, 2023
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Operating lease cost $ 5,517 $ 5,428 Finance lease cost Amortization of right-of-use asset $ 201 $ 288 Interest on lease liabilities 80 6 Total finance lease cost $ 281 $ 294
Supplemental Cash Flow Information Related To Leases	Supplemental cash flow information related to leases was as follows: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,665 $ 4,776
Supplemental Balance Sheet Information Related To Leases	Supplemental balance sheet information related to leases was as follows: April 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Operating leases: Total operating lease right-of-use assets $ 74,451 $ 73,376 Accrued liabilities $ 16,725 $ 16,442 Long-term operating lease liabilities 61,400 59,250 Total operating lease liabilities $ 78,125 $ 75,692 Finance leases: Other long-lived assets, at cost $ 6,340 $ 6,323 Accumulated depreciation (891) (733) Other long-lived assets, net $ 5,449 $ 5,590 Accrued liabilities $ 487 $ 391 Other long-term liabilities 5,867 5,928 Total finance lease liabilities $ 6,354 $ 6,319
Supplemental Other Information Related To Leases	April 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Weighted Average Remaining Lease Term Operating leases 6 years 6 years Finance leases 10 years 10 years Weighted Average Discount Rate Operating leases 5.2 % 5.2 % Finance leases 4.2 % 4.2 %
Schedule of Operating Lease, Liability, Maturity	The following table summarizes maturities of lease liabilities as of April 2, 2023 and December 31, 2022, respectively: April 2, 2023 December 31, 2022 (In thousands) 2023 $ 13,153 $ 15,815 2024 15,343 14,809 2025 14,010 13,472 2026 12,495 11,964 2027 6,664 6,464 Thereafter 21,094 20,907 Total $ 82,759 $ 83,431

Severance, Restructuring, and_2

Severance, Restructuring, and Acquisition Integration Activities (Tables)	3 Months Ended
	Apr. 02, 2023
Restructuring and Related Activities [Abstract]
Schedule of Severance, Restructuring and Integration Costs by Segment	The following table summarizes the severance and other restructuring and integration costs of the Acquisition Integration Program described above by financial statement line item in the Condensed Consolidated Statement of Operations: Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Cost of sales $ — $ 372 Selling, general and administrative expenses 674 2,611 Total $ 674 $ 2,983

Long-Term Debt and Other Borr_2

Long-Term Debt and Other Borrowing Arrangements (Tables)	3 Months Ended
	Apr. 02, 2023
Debt Disclosure [Abstract]
Schedule of Carrying Values of Long-Term Debt and Other Borrowing Arrangements	The carrying values of our long-term debt were as follows: April 2, 2023 December 31, 2022 (In thousands) Revolving credit agreement due 2026 $ — $ — Senior subordinated notes: 3.375% Senior subordinated notes due 2027 487,395 480,330 3.875% Senior subordinated notes due 2028 379,085 373,590 3.375% Senior subordinated notes due 2031 324,930 320,220 Total senior subordinated notes 1,191,410 1,174,140 Less unamortized debt issuance costs (12,403) (12,964) Long-term debt $ 1,179,007 $ 1,161,176

Pension and Other Postretirem_2

Pension and Other Postretirement Obligations (Tables)	3 Months Ended
	Apr. 02, 2023
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Benefit Costs	The following table provides the components of net periodic benefit costs for our pension and other postretirement benefit plans: Pension Obligations Other Postretirement Obligations April 2, 2023 April 3, 2022 April 2, 2023 April 3, 2022 (In thousands) Three Months Ended Service cost $ 690 $ 911 $ 3 $ 6 Interest cost 3,744 2,305 251 195 Expected return on plan assets (4,109) (3,963) — — Amortization of prior service cost 43 47 — — Actuarial losses (gains) (226) 236 (191) (20) Net periodic benefit cost (income) $ 142 $ (464) $ 63 $ 181

Comprehensive Income and Accu_2

Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Apr. 02, 2023
Equity [Abstract]
Schedule of Total Comprehensive Income (Loss)	The following table summarizes total comprehensive income (losses): Three Months Ended April 2, 2023 April 3, 2022 (In thousands) Net income $ 62,945 $ 35,844 Foreign currency translation adjustments, net of tax (17,018) 3,762 Adjustments to pension and postretirement liability, net of tax (280) 193 Total comprehensive income 45,647 39,799 Less: Comprehensive income (loss) attributable to noncontrolling interests (245) 30 Comprehensive income attributable to Belden $ 45,892 $ 39,769
Schedule of Components of Other Comprehensive Income (Loss), Net of Tax	The accumulated balances related to each component of other comprehensive income, net of tax, are as follows: Foreign Currency Translation Component Pension and Other Accumulated Other (In thousands) Balance at December 31, 2022 $ (1,944) $ (3,927) $ (5,871) Other comprehensive loss attributable to Belden before reclassifications (17,020) — (17,020) Amounts reclassified from accumulated other comprehensive income (loss) — (280) (280) Net current period other comprehensive loss attributable to Belden (17,020) (280) (17,300) Balance at April 2, 2023 $ (18,964) $ (4,207) $ (23,171)
Schedule of Effects of Reclassifications from Accumulated Other Comprehensive Income (Loss)	The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss) for the three months ended April 2, 2023: Amounts Affected Line Item in the Consolidated Statements of Operations and Comprehensive Loss (In thousands) Amortization of pension and other postretirement benefit plan items: Actuarial gains $ (417) (1) Prior service cost 43 (1) Total before tax (374) Tax expense 94 Total net of tax $ (280)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Millions		3 Months Ended
	Apr. 28, 2023 USD ($)	Apr. 02, 2023 USD ($) segment	Jul. 03, 2022 USD ($)
Significant Accounting Policies [Line Items]
Number of reportable segments | segment		2
Subsequent Event
Significant Accounting Policies [Line Items]
Proceeds from sale of ownership	$ 0.9
Potential earnouts payment	$ 0.6
Hite
Significant Accounting Policies [Line Items]
Ownership interest percentage		51%
Hite | Subsequent Event
Significant Accounting Policies [Line Items]
Ownership interest percentage	51%
Litmus Automation, Inc.
Significant Accounting Policies [Line Items]
Equity method investments			$ 20
Standby Letters of Credit
Significant Accounting Policies [Line Items]
Loss contingency, range of possible loss, portion not accrued		$ 8.7
Bank Guaranties
Significant Accounting Policies [Line Items]
Loss contingency, range of possible loss, portion not accrued		4.4
Surety Bonds
Significant Accounting Policies [Line Items]
Loss contingency, range of possible loss, portion not accrued		$ 3.8

Revenues - Major Product Catego

Revenues - Major Product Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 641,789	$ 610,371
Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	275,343	268,430
Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	366,446	341,941
Broadband Solutions
Disaggregation of Revenue [Line Items]
Revenues	131,555	121,805
Broadband Solutions | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	131,555	121,805
Broadband Solutions | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	0	0
Industrial Automation
Disaggregation of Revenue [Line Items]
Revenues	366,446	341,941
Industrial Automation | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	0	0
Industrial Automation | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	366,446	341,941
Smart Buildings
Disaggregation of Revenue [Line Items]
Revenues	143,788	146,625
Smart Buildings | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	143,788	146,625
Smart Buildings | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0

Revenues - Location of Customer

Revenues - Location of Customer (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 641,789	$ 610,371
Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	275,343	268,430
Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	366,446	341,941
Americas
Disaggregation of Revenue [Line Items]
Revenues	429,100	408,696
Americas | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	213,887	204,386
Americas | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	215,213	204,310
EMEA
Disaggregation of Revenue [Line Items]
Revenues	139,369	129,840
EMEA | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	37,448	39,389
EMEA | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	101,921	90,451
APAC
Disaggregation of Revenue [Line Items]
Revenues	73,320	71,835
APAC | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	24,008	24,655
APAC | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	$ 49,312	$ 47,180

Revenues - Estimated and Accrue

Revenues - Estimated and Accrued Variable Consideration (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 02, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accrued rebates included in accrued liabilities	$ 37,363	$ 55,559
Accrued returns included in accrued liabilities	13,857	11,700
Price adjustments recognized against gross accounts receivable	$ 22,188	$ 24,304

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Dec. 31, 2022	Apr. 03, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Contract with customer, deferred revenues	$ 29,295	$ 33,243	$ 31,449	$ 19,390
Contract with customer, deferred revenues, current	22,600
Contract with customer, deferred revenues, noncurrent	6,700
Service-Type Warranties
Disaggregation of Revenue [Line Items]
Contract with customer, deferred revenues	8,200
Contract with customer, deferred revenues, current	3,900
Contract with customer, deferred revenues, noncurrent	$ 4,300

Revenues - Deferred Revenue (De

Revenues - Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 33,243	$ 19,390
New deferrals	4,359	8,857
Acquisitions	0	6,567
Revenue recognized	(8,307)	(3,365)
Ending balance	$ 29,295	$ 31,449

Revenues - Sales Commissions (D

Revenues - Sales Commissions (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Revenue from Contract with Customer [Abstract]
Sales commissions	$ 5,773	$ 5,223

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended
	Feb. 22, 2022	Apr. 02, 2023	Apr. 03, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of discontinued operations		$ 0	$ 4,567
Tripwire | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses	$ 350,000
Capital expenditure		$ 200

Discontinued Operations - Opera

Discontinued Operations - Operating Results of the Disposal Group (Details) - Tripwire - Discontinued Operations, Held-for-sale $ in Thousands	3 Months Ended
	Apr. 02, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 12,067
Cost of sales	(3,256)
Gross profit	8,811
Selling, general and administrative expenses	(8,185)
Research and development expenses	(5,528)
Amortization of intangible assets	(638)
Loss before taxes	$ (5,540)

Reportable Segments - Additiona

Reportable Segments - Additional Information (Details)	3 Months Ended
	Apr. 02, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Reportable Segments - Operating

Reportable Segments - Operating Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Segment Revenues	$ 641,789	$ 610,371
Depreciation expense	12,400	11,200
Amortization of intangibles	9,610	8,817
Severance, restructuring, and acquisition integration costs	674	2,983
Segment assets	3,066,781		$ 3,161,675
Enterprise Solutions
Segment Reporting Information [Line Items]
Segment Revenues	275,343	268,430
Industrial Automation Solutions
Segment Reporting Information [Line Items]
Segment Revenues	366,446	341,941
Reportable Segment
Segment Reporting Information [Line Items]
Segment EBITDA	110,992	98,349
Depreciation expense	12,354	11,226
Amortization of intangibles	9,610	8,817
Amortization of software development intangible assets	1,452	1,007
Severance, restructuring, and acquisition integration costs	1,712	3,723
Adjustments related to acquisitions and divestitures	298	0
Segment assets	1,257,726	1,202,784
Reportable Segment | Software Development
Segment Reporting Information [Line Items]
Amortization of software development intangible assets	1,452	1,007
Reportable Segment | Segment Revenues
Segment Reporting Information [Line Items]
Segment Revenues	641,789	610,371
Reportable Segment | Enterprise Solutions
Segment Reporting Information [Line Items]
Segment EBITDA	37,205	30,821
Depreciation expense	5,954	5,426
Amortization of intangibles	4,495	4,097
Severance, restructuring, and acquisition integration costs	25	328
Adjustments related to acquisitions and divestitures	0
Segment assets	597,426	574,494
Reportable Segment | Enterprise Solutions | Software Development
Segment Reporting Information [Line Items]
Amortization of software development intangible assets	0	22
Reportable Segment | Enterprise Solutions | Segment Revenues
Segment Reporting Information [Line Items]
Segment Revenues	275,343	268,430
Reportable Segment | Industrial Automation Solutions
Segment Reporting Information [Line Items]
Segment EBITDA	73,787	67,528
Depreciation expense	6,400	5,800
Amortization of intangibles	5,115	4,720
Severance, restructuring, and acquisition integration costs	1,687	3,395
Adjustments related to acquisitions and divestitures	298
Segment assets	660,300	628,290
Reportable Segment | Industrial Automation Solutions | Software Development
Segment Reporting Information [Line Items]
Amortization of software development intangible assets	1,452	985
Reportable Segment | Industrial Automation Solutions | Segment Revenues
Segment Reporting Information [Line Items]
Segment Revenues	$ 366,446	$ 341,941

Reportable Segments - Reconcili

Reportable Segments - Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income Before Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	$ 641,789	$ 610,371
Depreciation expense	(12,400)	(11,200)
Amortization of intangibles	(9,610)	(8,817)
Severance, restructuring, and acquisition integration costs	(674)	(2,983)
Operating income	85,537	73,521
Interest expense, net	(8,201)	(14,411)
Loss on debt extinguishment	0	(6,392)
Total non-operating pension benefit	488	1,200
Consolidated income from continuing operations before taxes	77,824	53,918
Reportable Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment EBITDA	110,992	98,349
Depreciation expense	(12,354)	(11,226)
Amortization of intangibles	(9,610)	(8,817)
Severance, restructuring, and acquisition integration costs	(1,712)	(3,723)
Amortization of software development intangible assets	(1,452)	(1,007)
Adjustments related to acquisitions and divestitures	(298)	0
Operating income	85,537	73,521
Interest expense, net	(8,201)	(14,411)
Loss on debt extinguishment	0	(6,392)
Inventory adjustment	300
Reportable Segment | Segment Revenues
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	641,789	610,371
Intersegment Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	$ (29)	$ (55)

Income (loss) per Share - Basis

Income (loss) per Share - Basis for Income Per Share Computations (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Numerator:
Income from continuing operations	$ 62,945	$ 44,096
Less: Net income (loss) attributable to noncontrolling interest	(247)	3
Income from continuing operations attributable to Belden stockholders	63,192	44,093
Add: Loss from discontinued operations, net of tax	0	(3,685)
Add: Loss on disposal of discontinued operations, net of tax	0	(4,567)
Net income attributable to Belden stockholders	$ 63,192	$ 35,841
Denominator:
Weighted average shares outstanding, basic (in shares)	42,827	44,811
Effect of dilutive common stock equivalents (in shares)	842	756
Weighted average shares outstanding, diluted (in shares)	43,669	45,567

Income (loss) per Share - Addit

Income (loss) per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Earnings Per Share [Abstract]
Anti-dilutive shares excluded from diluted weighted average shares outstanding (in shares)	0.2	1.1
Anti-dilutive shares excluded from diluted weighted average shares outstanding due to performance conditions not being met (in shares)	0.1	0.1

Credit Losses (Details)

Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 7,954	$ 4,864
Current period provision	4,004	846
Acquisitions	0	319
Recoveries collected	0	(50)
Write-offs	(3)	(667)
Fx impact	(25)	(19)
Ending balance	$ 11,930	$ 5,293

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 181,699	$ 162,154
Work-in-process	37,563	35,011
Finished goods	202,231	190,311
Gross inventories	421,493	387,476
Excess and obsolete reserves	(50,764)	(45,913)
Net inventories	$ 370,729	$ 341,563

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	3 Months Ended
	Apr. 02, 2023 USD ($) guarantee	Apr. 03, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Variable lease, payment	$ 0.8	$ 0.8
Number of lease guarantees | guarantee	2
Fixed payments remaining	$ 19
Lease guarantee, remaining lease payments	$ 8.8
Minimum
Lessee, Lease, Description [Line Items]
Operating and finance lease, term of contract (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating and finance lease, term of contract (in years)	15 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Leases [Abstract]
Operating lease cost	$ 5,517	$ 5,428
Amortization of right-of-use asset	201	288
Interest on lease liabilities	80	6
Total finance lease cost	$ 281	$ 294

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related To Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 4,665	$ 4,776

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related To Leases (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Dec. 31, 2022
Leases [Abstract]
Total operating lease right-of-use assets	$ 74,451	$ 73,376
Accrued liabilities	16,725	16,442
Long-term operating lease liabilities	61,400	59,250
Total operating lease liabilities	78,125	75,692
Other long-lived assets, at cost	6,340	6,323
Accumulated depreciation	(891)	(733)
Other long-lived assets, net	5,449	5,590
Accrued liabilities	487	391
Other long-term liabilities	5,867	5,928
Total finance lease liabilities	$ 6,354	$ 6,319
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities	Accrued liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other long-lived assets	Other long-lived assets
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities	Accrued liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities

Leases - Supplemental Other Inf

Leases - Supplemental Other Information Related To Leases (Details)	Apr. 02, 2023	Dec. 31, 2022
Weighted Average Remaining Lease Term
Operating leases	6 years	6 years
Finance leases	10 years	10 years
Weighted Average Discount Rate
Operating leases	5.20%	5.20%
Finance leases	4.20%	4.20%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Apr. 02, 2023	Dec. 31, 2022
Leases [Abstract]
2023	$ 13,153	$ 15,815
2024	15,343	14,809
2025	14,010	13,472
2026	12,495	11,964
2027	6,664	6,464
Thereafter	21,094	20,907
Total	$ 82,759	$ 83,431

Long-Lived Assets (Details)

Long-Lived Assets (Details) - USD ($) $ in Millions		3 Months Ended
	Jan. 18, 2023	Apr. 02, 2023	Apr. 03, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense		$ 12.4	$ 11.2
Amortization of intangible assets including amortization of software development		$ 11.1	$ 9.8
Payments to acquire real estate	$ 17.4

Severance, Restructuring, and_3

Severance, Restructuring, and Acquisition Integration Activities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	$ 674	$ 2,983
Restructuring and integration cost payable period	60 days		60 days
Acquisition Integration Program | Enterprise Solutions
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	$ 700	$ 3,000

Severance, Restructuring, and_4

Severance, Restructuring, and Acquisition Integration Activities - Costs of Various Programs (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	$ 674	$ 2,983
Cost of sales
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	0	372
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	$ 674	$ 2,611

Long-Term Debt and Other Borr_3

Long-Term Debt and Other Borrowing Arrangements - Carrying Values of Long-Term Debt and Other Borrowing Arrangements (Details) - USD ($)	Apr. 02, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total senior subordinated notes	$ 1,191,410,000	$ 1,174,140,000
Less unamortized debt issuance costs	(12,403,000)	(12,964,000)
Long-term debt	1,179,007,000	1,161,176,000
Revolving credit agreement due 2026
Debt Instrument [Line Items]
Revolving credit agreement due 2026	0	0
3.375% Senior subordinated notes due 2027
Debt Instrument [Line Items]
Total senior subordinated notes	487,400,000
3.875% Senior subordinated notes due 2028
Debt Instrument [Line Items]
Total senior subordinated notes	379,100,000
Senior Subordinated Notes
Debt Instrument [Line Items]
Total senior subordinated notes	$ 1,191,400,000
Senior Subordinated Notes | 3.375% Senior subordinated notes due 2027
Debt Instrument [Line Items]
Senior subordinated notes interest rate	3.375%
Total senior subordinated notes	$ 487,395,000	480,330,000
Senior Subordinated Notes | 3.875% Senior subordinated notes due 2028
Debt Instrument [Line Items]
Senior subordinated notes interest rate	3.875%
Total senior subordinated notes	$ 379,085,000	373,590,000
Senior Subordinated Notes | 3.375% Senior subordinated notes due 2031
Debt Instrument [Line Items]
Senior subordinated notes interest rate	3.375%
Total senior subordinated notes	$ 324,930,000	$ 320,220,000

Long-Term Debt and Other Borr_4

Long-Term Debt and Other Borrowing Arrangements - Additional Information (Details) € in Millions	3 Months Ended
	Apr. 02, 2023 USD ($)	Apr. 03, 2022 USD ($)	Apr. 03, 2022 EUR (€)	Apr. 02, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Loss on debt extinguishment	$ 0	$ (6,392,000)
Senior subordinated notes	1,191,410,000				$ 1,174,140,000
Senior Subordinated Notes
Debt Instrument [Line Items]
Senior subordinated notes	1,191,400,000
Fair value of senior subordinated notes	1,073,200,000
Revolving credit agreement due 2026
Debt Instrument [Line Items]
Revolving credit agreement, maximum borrowing capacity	$ 300,000,000
Commitment fee percentage	0.25%
Fixed charge coverage, minimum threshold (as a percent)	90%
Revolving credit agreement, remaining borrowing capacity	$ 20,000,000
Revolving credit agreement due 2022, borrowings outstanding	0				0
Revolving credit agreement, available borrowing capacity	$ 291,900,000
Revolving credit agreement due 2026 | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	1.25%
Revolving credit agreement due 2026 | Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	0.25%
Revolving credit agreement due 2026 | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	1.75%
Revolving credit agreement due 2026 | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	0.75%
4.125% Senior subordinated notes due 2026 | Senior Subordinated Notes
Debt Instrument [Line Items]
Debt instrument, amount outstanding | €				€ 200
Senior subordinated notes interest rate	4.125%			4.125%
Repurchase amount | €			€ 200
Repayments of debt		227,900,000	€ 204.1
Loss on debt extinguishment		$ 6,400,000
3.375% Senior subordinated notes due 2027
Debt Instrument [Line Items]
Senior subordinated notes	$ 487,400,000
3.375% Senior subordinated notes due 2027 | Senior Subordinated Notes
Debt Instrument [Line Items]
Debt instrument, amount outstanding | €				€ 450
Senior subordinated notes interest rate	3.375%			3.375%
Senior subordinated notes	$ 487,395,000				480,330,000
3.875% Senior subordinated notes due 2028
Debt Instrument [Line Items]
Senior subordinated notes	$ 379,100,000
3.875% Senior subordinated notes due 2028 | Senior Subordinated Notes
Debt Instrument [Line Items]
Debt instrument, amount outstanding | €				€ 350
Senior subordinated notes interest rate	3.875%			3.875%
Senior subordinated notes	$ 379,085,000				373,590,000
3.375% Senior subordinated notes due 2031 | Senior Subordinated Notes
Debt Instrument [Line Items]
Debt instrument, amount outstanding | €				€ 300
Senior subordinated notes interest rate	3.375%			3.375%
Senior subordinated notes	$ 324,930,000				$ 320,220,000

Net Investment Hedge (Details)

Net Investment Hedge (Details) $ in Thousands, € in Millions	3 Months Ended			12 Months Ended
	Apr. 02, 2023 EUR (€)	Apr. 02, 2023 USD ($)	Apr. 03, 2022 USD ($)	Dec. 31, 2022 EUR (€)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative translation adjustment | $		$ (17,018)	$ 3,762
Senior subordinated debt, de-designated | €	€ 200			€ 200
Senior Subordinated Notes
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Senior subordinated debt, hedged | €	€ 567.8
Cumulative translation adjustment | $		$ (9,100)	$ 13,700

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 14,879	$ 9,822
Effective tax rate (as percent)	19.10%	18.20%

Pension and Other Postretirem_3

Pension and Other Postretirement Obligations (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Pension Obligations
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 690	$ 911
Interest cost	3,744	2,305
Expected return on plan assets	(4,109)	(3,963)
Amortization of prior service cost	43	47
Actuarial losses (gains)	(226)	236
Net periodic benefit cost (income)	142	(464)
Other Postretirement Obligations
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	6
Interest cost	251	195
Expected return on plan assets	0	0
Amortization of prior service cost	0	0
Actuarial losses (gains)	(191)	(20)
Net periodic benefit cost (income)	$ 63	$ 181

Comprehensive Income and Accu_3

Comprehensive Income and Accumulated Other Comprehensive Income (Loss) - Total Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Equity [Abstract]
Net income	$ 62,945	$ 35,844
Foreign currency translation adjustments, net of tax	(17,018)	3,762
Adjustments to pension and postretirement liability, net of tax	(280)	193
Total comprehensive income	45,647	39,799
Less: Comprehensive income (loss) attributable to noncontrolling interests	(245)	30
Comprehensive income attributable to Belden	$ 45,892	$ 39,769

Comprehensive Income and Accu_4

Comprehensive Income and Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,143,950	$ 956,082
Net current period other comprehensive loss attributable to Belden	(17,298)	3,955
Ending balance	1,134,217	947,595
Accumulated Other  Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(5,871)	(70,566)
Other comprehensive loss attributable to Belden before reclassifications	(17,020)
Amounts reclassified from accumulated other comprehensive income (loss)	(280)
Net current period other comprehensive loss attributable to Belden	(17,300)	3,928
Ending balance	(23,171)	$ (66,638)
Foreign Currency Translation Component
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,944)
Other comprehensive loss attributable to Belden before reclassifications	(17,020)
Amounts reclassified from accumulated other comprehensive income (loss)	0
Net current period other comprehensive loss attributable to Belden	(17,020)
Ending balance	(18,964)
Pension and Other  Postretirement Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(3,927)
Other comprehensive loss attributable to Belden before reclassifications	0
Amounts reclassified from accumulated other comprehensive income (loss)	(280)
Net current period other comprehensive loss attributable to Belden	(280)
Ending balance	$ (4,207)

Comprehensive Income and Accu_5

Comprehensive Income and Accumulated Other Comprehensive Income (Loss) - Summary of Effects of Reclassifications from Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	$ 77,824	$ 53,918
Income tax expense	(14,879)	(9,822)
Total net of tax	63,192	$ 35,841
Reclassification out of Accumulated Other Comprehensive Income | Actuarial gains
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other nonoperating expense (income)	(417)
Reclassification out of Accumulated Other Comprehensive Income | Prior service cost
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other nonoperating expense (income)	43
Reclassification out of Accumulated Other Comprehensive Income | Pension and Other  Postretirement Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(374)
Income tax expense	94
Total net of tax	$ (280)

Share Repurchase (Details)

Share Repurchase (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	3 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 24, 2023	Dec. 31, 2018
Equity, Class of Treasury Stock [Line Items]
Shares repurchase program (in shares)	0.6	0.9
Value of shares repurchased	$ 50,000	$ 50,000
Treasury stock acquired, average cost per share (in usd per share)	$ 84.18	$ 56.51
Stock repurchase program, remaining authorized repurchase amount	$ 15,000
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount			$ 315,000
11/29/2018 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount				$ 300,000
11/29/2018 Share Repurchase Program | Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, additional authorized amount			$ 300,000

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Thousands			3 Months Ended
	Apr. 28, 2023	Apr. 17, 2023	Apr. 02, 2023	Apr. 03, 2022	Apr. 24, 2023
Subsequent Event [Line Items]
Purchase price, net of cash acquired			$ 0	$ 65,990
Subsequent Event
Subsequent Event [Line Items]
Proceeds from sale of ownership	$ 900
Potential earnouts payment	$ 600
Subsequent Event | 11/29/2018 Share Repurchase Program
Subsequent Event [Line Items]
Stock repurchase program, additional authorized amount					$ 300,000
Berthold Sichert Gmbh | Subsequent Event
Subsequent Event [Line Items]
Purchase price, net of cash acquired		$ 98,000
Hite
Subsequent Event [Line Items]
Ownership interest percentage			51%
Hite | Subsequent Event
Subsequent Event [Line Items]
Ownership interest percentage	51%