Belden (BDC) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jul. 02, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Jul. 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		42,297,217
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
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	Jul. 02, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 514,767	$ 687,676
Receivables, net	509,801	440,102
Inventories, net	345,427	341,563
Other current assets	66,525	66,866
Total current assets	1,436,520	1,536,207
Property, plant and equipment, less accumulated depreciation	392,593	381,864
Operating lease right-of-use assets	73,435	73,376
Goodwill	893,419	862,253
Intangible assets, less accumulated amortization	286,583	246,830
Deferred income taxes	15,412	14,642
Other long-lived assets	47,365	46,503
Total assets	3,145,327	3,161,675
Current liabilities:
Accounts payable	290,382	350,058
Accrued liabilities	277,405	289,861
Total current liabilities	567,787	639,919
Long-term debt	1,187,152	1,161,176
Postretirement benefits	67,248	67,828
Deferred income taxes	68,172	58,582
Long-term operating lease liabilities	60,480	59,250
Other long-term liabilities	31,497	30,970
Stockholders’ equity:
Common stock	503	503
Additional paid-in capital	809,332	825,669
Retained earnings	879,179	751,522
Accumulated other comprehensive loss	(28,173)	(5,871)
Treasury stock	(497,873)	(428,812)
Total Belden stockholders’ equity	1,162,968	1,143,011
Noncontrolling interests	23	939
Total stockholders’ equity	1,162,991	1,143,950
Total liabilities and stockholders' equity	$ 3,145,327	$ 3,161,675

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Income Statement [Abstract]
Revenues	$ 692,245	$ 666,551	$ 1,334,034	$ 1,276,922
Cost of sales	(430,917)	(444,246)	(826,601)	(845,757)
Gross profit	261,328	222,305	507,433	431,165
Selling, general and administrative expenses	(126,635)	(105,203)	(248,209)	(208,269)
Research and development expenses	(30,970)	(25,989)	(60,354)	(49,445)
Amortization of intangibles	(11,126)	(9,177)	(20,736)	(17,994)
Operating income	92,597	81,936	178,134	155,457
Interest expense, net	(8,812)	(11,276)	(17,013)	(25,687)
Non-operating pension benefit	646	1,070	1,134	2,270
Loss on debt extinguishment	0	0	0	(6,392)
Income from continuing operations before taxes	84,431	71,730	162,255	125,648
Income tax expense	(15,656)	(13,088)	(30,535)	(22,910)
Income from continuing operations	68,775	58,642	131,720	102,738
Loss from discontinued operations, net of tax	0	0	0	(3,685)
Loss on disposal of discontinued operations, net of tax	0	0	0	(4,567)
Net income	68,775	58,642	131,720	94,486
Less: Net income (loss) attributable to noncontrolling interest	22	81	(225)	84
Net income attributable to Belden stockholders	$ 68,753	$ 58,561	$ 131,945	$ 94,402
Weighted average number of common shares and equivalents:
Basic (in shares)	42,497	44,252	42,663	44,535
Diluted (in shares)	43,088	44,782	43,380	45,179
Basic income (loss) per share attributable to Belden stockholders:
Continuing operations (in dollars per share)	$ 1.62	$ 1.32	$ 3.09	$ 2.31
Discontinued operations (in dollars per share)	0	0	0	(0.08)
Disposal of discontinued operations (in dollars per share)	0	0	0	(0.10)
Net income (in dollars per share)	1.62	1.32	3.09	2.12
Diluted income (loss) per share attributable to Belden stockholders:
Continuing operation (in dollars per share)	1.60	1.31	3.04	2.27
Discontinued operations (in dollars per share)	0	0	0	(0.08)
Disposal of discontinued operations (in dollars per share)	0	0	0	(0.10)
Net income (in dollars per share)	$ 1.60	$ 1.31	$ 3.04	$ 2.09
Comprehensive income attributable to Belden	$ 63,890	$ 110,712	$ 109,782	$ 150,481
Common stock dividends declared per share (in usd per share)	$ 0.05	$ 0.05	$ 0.10	$ 0.10

Condensed Consolidated Cash Flo

Condensed Consolidated Cash Flow Statements - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Cash flows from operating activities:
Net income	$ 131,720	$ 94,486
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	49,044	42,686
Share-based compensation	12,154	10,870
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	(71,212)	(20,699)
Inventories	10,347	(47,305)
Accounts payable	(59,295)	(23,563)
Accrued liabilities	(22,855)	(58,525)
Income taxes	5,204	163
Other assets	(4,197)	(2,634)
Other liabilities	3,805	(10,452)
Net cash provided by (used for) operating activities	54,715	(8,581)
Cash flows from investing activities:
Cash used for business acquisitions, net of cash acquired	(97,585)	(104,123)
Capital expenditures	(32,729)	(31,010)
Proceeds from disposal of tangible assets	9	1,424
Proceeds from disposal of businesses, net of cash sold	9,300	338,686
Net cash provided by (used for) investing activities	(121,005)	204,977
Cash flows from financing activities:
Payments under share repurchase program	(86,224)	(66,559)
Withholding tax payments for share-based payment awards	(16,940)	(5,167)
Cash dividends paid	(4,285)	(4,520)
Payments under financing lease obligations	(115)	(83)
Payments under borrowing arrangements	0	(230,639)
Proceeds from issuance of common stock	1,679	3,717
Net cash used for financing activities	(105,885)	(303,251)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(734)	(9,220)
Decrease in cash and cash equivalents	(172,909)	(116,075)
Cash and cash equivalents, beginning of period	687,676	643,757
Cash and cash equivalents, end of period	$ 514,767	$ 527,682

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 (in shares)					(885)
Share repurchase program	(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, 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)	$ 94,486
Share repurchase program (in shares)	(1,200)
Share repurchase program	$ (66,600)
Ending balance (in shares) at Jul. 03, 2022		50,335
Ending balance at Jul. 03, 2022	1,049,083	$ 503	820,602	595,613	$ (354,029)	(14,487)	881
Ending balance (in shares) at Jul. 03, 2022					(6,224)
Beginning balance (in shares) at Apr. 03, 2022		50,335
Beginning balance at Apr. 03, 2022	947,595	$ 503	826,682	539,294	$ (353,071)	(66,638)	825
Beginning balance (in shares) at Apr. 03, 2022					(6,093)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	58,642			58,561			81
Other comprehensive income (loss), net of tax	52,126					52,151	(25)
Common stock issuance	3,717		(2,775)		$ 6,492
Common stock issuance (in shares)					82
Retirement Savings Plan stock contributions	1,625		(730)		$ 2,355
Retirement Savings Plan stock contributions (in shares)					30
Exercise of stock options, net of tax withholding forfeitures	(40)		(173)		$ 133
Exercise of stock options, net of tax withholding forfeitures (in shares)					2
Conversion of restricted stock units into common stock, net of tax withholding forfeitures	$ (1,427)		(8,048)		$ 6,621
Conversion of restricted stock units into common stock, net of tax withholding forfeitures (in shares)					75
Share repurchase program (in shares)	(300)				(320)
Share repurchase program	$ (16,559)				$ (16,559)
Share-based compensation	5,646		5,646
Common stock dividends	(2,242)			(2,242)
Ending balance (in shares) at Jul. 03, 2022		50,335
Ending balance at Jul. 03, 2022	1,049,083	$ 503	820,602	595,613	$ (354,029)	(14,487)	881
Ending balance (in shares) at Jul. 03, 2022					(6,224)
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 (in shares)					(594)
Share repurchase program, net of excise tax	(50,266)				$ (50,266)
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)
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)	$ 131,720
Share repurchase program (in shares)	(1,000)
Share repurchase program	$ (86,200)
Ending balance (in shares) at Jul. 02, 2023		50,335
Ending balance at Jul. 02, 2023	1,162,991	$ 503	809,332	879,179	$ (497,873)	(28,173)	23
Ending balance (in shares) at Jul. 02, 2023					(8,076)
Beginning balance (in shares) at Apr. 02, 2023		50,335
Beginning balance at Apr. 02, 2023	1,134,217	$ 503	809,596	812,564	$ (465,969)	(23,171)	694
Beginning balance (in shares) at Apr. 02, 2023					(7,788)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	68,775			68,753			22
Other comprehensive income (loss), net of tax	(4,861)					(4,863)	2
Sale and deconsolidation of Hite JV	(834)					(139)	(695)
Retirement Savings Plan stock contributions	2,042		663		$ 1,379
Retirement Savings Plan stock contributions (in shares)					24
Exercise of stock options, net of tax withholding forfeitures	(1,931)		(2,698)		$ 767
Exercise of stock options, net of tax withholding forfeitures (in shares)					27
Conversion of restricted stock units into common stock, net of tax withholding forfeitures	(1,717)		(4,130)		$ 2,413
Conversion of restricted stock units into common stock, net of tax withholding forfeitures (in shares)					55
Share repurchase program, net of excise tax (in shares)					(394)
Share repurchase program, net of excise tax	$ (36,463)				$ (36,463)
Share repurchase program (in shares)	(400)
Share repurchase program	$ (36,200)
Share-based compensation	5,901		5,901
Common stock dividends	(2,138)			(2,138)
Ending balance (in shares) at Jul. 02, 2023		50,335
Ending balance at Jul. 02, 2023	$ 1,162,991	$ 503	$ 809,332	$ 879,179	$ (497,873)	$ (28,173)	$ 23
Ending balance (in shares) at Jul. 02, 2023					(8,076)

Condensed Consolidated Stockh_2

Condensed Consolidated Stockholders' Equity Statements (Parenthetical) - $ / shares	3 Months Ended				6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Apr. 03, 2022	Oct. 03, 2021	Jul. 02, 2023	Jul. 03, 2022
Statement of Stockholders' Equity [Abstract]
Common stock dividends declared per share (in usd per share)	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.10	$ 0.10

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 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 six months ended July 2, 2023 and July 3, 2022 included 183 and 184 days, respectively. 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 and six months ended July 2, 2023 and July 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 six months ended July 2, 2023 and July 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 July 2, 2023, we had an immaterial amount of cash equivalents. 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 July 2, 2023, we were party to standby letters of credit, surety bonds, and bank guaranties totaling $8.7 million, $4.7 million, and $4.3 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. Noncontrolling Interest On April 28, 2023, we sold our 51% ownership interest in Shanghai Hi-Tech Control System Co, Ltd to (Hite) for $0.9 million and recognized a $0.4 million pretax gain on sale. The sale also includes $0.6 million of potential earnout payments. The joint venture developed and provided 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. As Belden was the primary beneficiary of the joint venture, due to both our ownership percentage and control over the activities of the joint venture, we consolidated the joint venture in our financial statements and presented the results of the joint venture attributable to Hite’s ownership as net income attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations up to April 28, 2023 when we sold and deconsolidated the entity. The joint venture was not material to our consolidated financial statements during the six months ended July 2, 2023 and July 3, 2022. A Belden subsidiary includes a noncontrolling interest as of and for the periods ended July 2, 2023 and July 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	6 Months Ended
	Jul. 02, 2023
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Revenues 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 July 2, 2023 (In thousands) Enterprise Solutions $ 159,332 $ — $ 153,197 $ 312,529 Industrial Automation Solutions — 379,716 — 379,716 Total $ 159,332 $ 379,716 $ 153,197 $ 692,245 Three Months Ended July 3, 2022 Enterprise Solutions $ 146,771 $ — $ 160,673 $ 307,444 Industrial Automation Solutions — 359,107 — 359,107 Total $ 146,771 $ 359,107 $ 160,673 $ 666,551 Six Months Ended July 2, 2023 Enterprise Solutions $ 290,887 $ — $ 296,985 $ 587,872 Industrial Automation Solutions — 746,162 — 746,162 Total $ 290,887 $ 746,162 $ 296,985 $ 1,334,034 Six Months Ended July 3, 2022 Enterprise Solutions $ 268,576 $ — $ 307,298 $ 575,874 Industrial Automation Solutions — 701,048 — 701,048 Total $ 268,576 $ 701,048 $ 307,298 $ 1,276,922 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 July 2, 2023 (In thousands) Enterprise Solutions $ 246,471 $ 36,671 $ 29,387 $ 312,529 Industrial Automation Solutions 213,852 109,055 56,809 379,716 Total $ 460,323 $ 145,726 $ 86,196 $ 692,245 Three Months Ended July 3, 2022 Enterprise Solutions $ 233,501 $ 36,497 $ 37,446 $ 307,444 Industrial Automation Solutions 214,045 91,765 53,297 359,107 Total $ 447,546 $ 128,262 $ 90,743 $ 666,551 Six Months Ended July 2, 2023 Enterprise Solutions $ 460,358 $ 74,119 $ 53,395 $ 587,872 Industrial Automation Solutions 429,065 210,976 106,121 746,162 Total $ 889,423 $ 285,095 $ 159,516 $ 1,334,034 Six Months Ended July 3, 2022 Enterprise Solutions $ 437,887 $ 75,886 $ 62,101 $ 575,874 Industrial Automation Solutions 418,355 182,216 100,477 701,048 Total $ 856,242 $ 258,102 $ 162,578 $ 1,276,922 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 and six months ended July 2, 2023 and July 3, 2022 . The following table presents estimated and accrued variable consideration: July 2, 2023 December 31, 2022 (in thousands) Accrued rebates included in accrued liabilities $ 42,868 $ 55,559 Accrued returns included in accrued liabilities 16,575 11,700 Price adjustments recognized against gross accounts receivable 25,457 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 July 2, 2023, total deferred revenue was $29.7 million, and of this amount, $22.7 million is expected to be recognized within the next twelve months, and the remaining $7.0 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 and six months ended July 2, 2023 and July 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 New deferrals 6,900 4,265 Revenue recognized (6,528) (8,880) Balance at the end of Q2 $ 29,667 $ 26,834 Service-type warranties represent $9.5 million of the deferred revenue balance at July 2, 2023, and of this amount $4.9 million is expected to be recognized in the next twelve months, and the remaining $4.6 million is long-term and will be recognized over a period greater than twelve months. As of July 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 July 2, 2023 and December 31, 2022. The following table presents sales commissions that are recorded within selling, general and administrative expenses: Three Months Ended Six Months ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Sales commissions $ 6,316 $ 6,131 $ 12,089 $ 11,354

Acquisitions

Acquisitions	6 Months Ended
	Jul. 02, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions On April 17, 2023, we acquired Berthold Sichert GmbH (Sichert) with cash on hand for $97.5 million, net of cash acquired. 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 is reported within the Enterprise Solutions segment. The following table summarizes the estimated, preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands): Receivables $ 6,781 Inventory 13,061 Other current assets 1,840 Property, plant and equipment 7,057 Intangible assets 52,597 Goodwill 27,831 Other long-lived assets 1,303 Total assets acquired $ 110,470 Accounts payable $ 2,423 Accrued liabilities 1,884 Deferred income taxes 8,659 Total liabilities assumed $ 12,966 Net assets $ 97,504 The above purchase price allocation is preliminary and subject to revision as additional information about the fair value of individual assets and liabilities becomes available. The preliminary measurement of receivables, intangible assets, deferred income taxes, and other assets and liabilities are subject to change. A change in the estimated fair value of the net assets acquired will change the amount of the purchase price allocable to goodwill. The preliminary fair value of acquired receivables is $6.8 million, which is equivalent to its gross contractual amount. A single estimate of fair value results from a complex series of judgments about future events and uncertainties and relies heavily on estimates and assumptions. The judgments we have used in estimating the preliminary fair values assigned to each class of acquired assets and assumed liabilities could materially affect the results of our operations. For purposes of the above allocation, we based our preliminary estimate of the fair values for intangible assets on valuation studies performed by a third party valuation firm. We used various valuation methods including discounted cash flows, lost income, excess earnings, and relief from royalty to estimate the preliminary fair value of the identifiable intangible assets (Level 3 valuation). Goodwill and other intangible assets reflected above were determined to meet the criteria for recognition apart from tangible assets acquired and liabilities assumed. The goodwill is primarily attributable to the expansion of broadband & 5G product offerings in end-to-end solutions. Our tax basis in the acquired goodwill is zero. The intangible assets related to the acquisition consisted of the following: Fair Value Amortization Period (In thousands) (In years) Intangible assets subject to amortization: Customer relationships $ 49,131 15.0 Trademarks 2,456 2.0 Sales backlog 1,010 0.2 Total intangible assets subject to amortization $ 52,597 Intangible assets not subject to amortization: Goodwill $ 27,831 n/a Total intangible assets not subject to amortization $ 27,831 Total intangible assets $ 80,428 Weighted average amortization period 14.1

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jul. 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 six months ended July 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 six months ended July 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 six months ended July 3, 2022

Reportable Segments

Reportable Segments	6 Months Ended
	Jul. 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 July 2, 2023 Segment Revenues $ 312,529 $ 379,716 $ 692,245 Segment EBITDA 43,956 78,631 122,587 Depreciation expense 6,193 6,489 12,682 Amortization of intangibles 6,208 4,918 11,126 Amortization of software development intangible assets — 1,820 1,820 Severance, restructuring, and acquisition integration costs 1,669 2,390 4,059 Adjustments related to acquisitions and divestitures 325 (76) 249 Segment assets 648,344 699,092 1,347,436 As of and for the three months ended July 3, 2022 Segment Revenues $ 307,444 $ 359,107 $ 666,551 Segment EBITDA 41,887 68,060 109,947 Depreciation expense 5,768 5,602 11,370 Amortization of intangibles 4,442 4,735 9,177 Amortization of software development intangible assets 22 959 981 Severance, restructuring, and acquisition integration costs 4,575 1,282 5,857 Adjustments related to acquisitions and divestitures (558) 1,134 576 Segment assets 607,386 649,595 1,256,981 As of and for the six months ended July 2, 2023 Segment revenues $ 587,872 $ 746,162 $ 1,334,034 Segment EBITDA 81,161 152,418 233,579 Depreciation expense 12,147 12,889 25,036 Amortization of intangibles 10,703 10,033 20,736 Amortization of software development intangible assets — 3,272 3,272 Severance, restructuring, and acquisition integration costs 1,694 4,077 5,771 Adjustments related to acquisitions and divestitures 325 222 547 Segment assets 648,344 699,092 1,347,436 As of and for the six months ended July 3, 2022 Segment Revenues $ 575,874 $ 701,048 $ 1,276,922 Segment EBITDA 72,708 135,588 208,296 Depreciation expense 11,194 11,402 22,596 Amortization of intangibles 8,539 9,455 17,994 Amortization of software development intangible assets 44 1,944 1,988 Severance, restructuring, and acquisition integration costs 4,903 4,677 9,580 Adjustments related to acquisitions and divestitures (558) 1,134 576 Segment assets 607,386 649,595 1,256,981 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 Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Total Segment and Consolidated Revenues $ 692,245 $ 666,551 $ 1,334,034 $ 1,276,922 Total Segment EBITDA $ 122,587 $ 109,947 $ 233,579 $ 208,296 Depreciation expense (12,682) (11,370) (25,036) (22,596) Amortization of intangibles (11,126) (9,177) (20,736) (17,994) Severance, restructuring, and acquisition integration costs (1) (4,059) (5,857) (5,771) (9,580) Amortization of software development intangible assets (1,820) (981) (3,272) (1,988) Adjustments related to acquisitions and divestitures (2) (249) (576) (547) (576) Eliminations (54) (50) (83) (105) Consolidated operating income 92,597 81,936 178,134 155,457 Interest expense, net (8,812) (11,276) (17,013) (25,687) Loss on debt extinguishment — — — (6,392) Total non-operating pension benefit 646 1,070 1,134 2,270 Consolidated income from continuing operations before taxes $ 84,431 $ 71,730 $ 162,255 $ 125,648 (1) Severance, restructuring, and acquisition integration costs for the three and six months ended July 2, 2023 and July 3, 2022 included costs related to our Acquisition Integration program. See Note 11.

Income (loss) per Share

Income (loss) per Share	6 Months Ended
	Jul. 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 Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Numerator: Income from continuing operations $ 68,775 $ 58,642 $ 131,720 $ 102,738 Less: Net income (loss) attributable to noncontrolling interest 22 81 (225) 84 Income from continuing operations attributable to Belden stockholders 68,753 58,561 131,945 102,654 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 $ 68,753 $ 58,561 $ 131,945 $ 94,402 Denominator: Weighted average shares outstanding, basic 42,497 44,252 42,663 44,535 Effect of dilutive common stock equivalents 591 530 717 644 Weighted average shares outstanding, diluted 43,088 44,782 43,380 45,179 For both the three and six months ended July 2, 2023, diluted weighted average shares outstanding excluded outstanding equity awards of 0.2 million as they were anti-dilutive. In addition, for both the three and six months ended July 2, 2023, diluted weighted average shares outstanding did not include outstanding equity a wards of 0.2 million becau se the related performance conditions have not been satisfied. For both the three and six months ended July 3, 2022, diluted weighted average shares outstanding exclude outstanding equity awards of 1.1 million as they are anti-dilutive. In addition, for the three and six months ended July 3, 2022, diluted weighted average shares outstanding do not include outstanding equity awards of 0.2 million and 0.3 million, respectively, because 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	6 Months Ended
	Jul. 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. Provisions and recoveries are included in selling, general and administrative expenses. The following table presents the activity in the trade receivables allowance for doubtful accounts for our continuing operations for the three and six months ended July 2, 2023 and July 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 Current period provision 4,194 656 Acquisitions 19 — Fx impact 11 (81) Write-offs — (64) Recoveries collected (8) (12) Q2 ending balance $ 16,146 $ 5,792

Inventories

Inventories	6 Months Ended
	Jul. 02, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories The following table presents the major classes of inventories as of July 2, 2023 and December 31, 2022 , respectively: July 2, 2023 December 31, 2022 (In thousands) Raw materials $ 182,683 $ 162,154 Work-in-process 39,252 35,011 Finished goods 183,289 190,311 Gross inventories 405,224 387,476 Excess and obsolete reserves (59,797) (45,913) Net inventories $ 345,427 $ 341,563

Leases

Leases	6 Months Ended
	Jul. 02, 2023
Leases [Abstract]
Leases	Leases We 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 guarantees. Our variable lease expense was approximately $0.8 million and $1.6 million for the three and six months ended July 2, 2023, respectively. Our variable lease expense was approximately $0.7 million and $1.5 million for the three and six months ended July 3, 2022, respectively. The components of lease expense were as follows: Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Operating lease cost $ 5,415 $ 5,365 $ 10,932 $ 10,793 Finance lease cost Amortization of right-of-use asset $ 190 $ 446 $ 391 $ 734 Interest on lease liabilities 77 122 157 128 Total finance lease cost $ 267 $ 568 $ 548 $ 862 Supplemental cash flow information related to leases was as follows: Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,625 $ 4,561 $ 9,290 $ 9,337 Operating cash flows from finance leases were not material during the three and six months ended July 2, 2023 and July 3, 2022 . Supplemental balance sheet information related to leases was as follows: July 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Operating leases: Total operating lease right-of-use assets $ 73,435 $ 73,376 Accrued liabilities $ 16,502 $ 16,442 Long-term operating lease liabilities 60,480 59,250 Total operating lease liabilities $ 76,982 $ 75,692 Finance leases: Other long-lived assets, at cost $ 6,313 $ 6,323 Accumulated depreciation (1,020) (733) Other long-lived assets, net $ 5,293 $ 5,590 Accrued liabilities $ 549 $ 391 Other long-term liabilities 5,814 5,928 Total finance lease liabilities $ 6,363 $ 6,319 July 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 July 2, 2023 and December 31, 2022, respectively: July 2, 2023 December 31, 2022 (In thousands) 2023 $ 10,501 $ 15,815 2024 15,574 14,809 2025 14,278 13,472 2026 12,792 11,964 2027 6,975 6,464 Thereafter 21,185 20,907 Total $ 81,305 $ 83,431 In addition, we covenanted the lease payments for certain Grass Valley property leases which include expiration dates through 2035, and collectively have approximately $23 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 two property leases. As of July 2, 2023, we have a liability for expected, future payments of $8.2 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	Leases We 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 guarantees. Our variable lease expense was approximately $0.8 million and $1.6 million for the three and six months ended July 2, 2023, respectively. Our variable lease expense was approximately $0.7 million and $1.5 million for the three and six months ended July 3, 2022, respectively. The components of lease expense were as follows: Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Operating lease cost $ 5,415 $ 5,365 $ 10,932 $ 10,793 Finance lease cost Amortization of right-of-use asset $ 190 $ 446 $ 391 $ 734 Interest on lease liabilities 77 122 157 128 Total finance lease cost $ 267 $ 568 $ 548 $ 862 Supplemental cash flow information related to leases was as follows: Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,625 $ 4,561 $ 9,290 $ 9,337 Operating cash flows from finance leases were not material during the three and six months ended July 2, 2023 and July 3, 2022 . Supplemental balance sheet information related to leases was as follows: July 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Operating leases: Total operating lease right-of-use assets $ 73,435 $ 73,376 Accrued liabilities $ 16,502 $ 16,442 Long-term operating lease liabilities 60,480 59,250 Total operating lease liabilities $ 76,982 $ 75,692 Finance leases: Other long-lived assets, at cost $ 6,313 $ 6,323 Accumulated depreciation (1,020) (733) Other long-lived assets, net $ 5,293 $ 5,590 Accrued liabilities $ 549 $ 391 Other long-term liabilities 5,814 5,928 Total finance lease liabilities $ 6,363 $ 6,319 July 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 July 2, 2023 and December 31, 2022, respectively: July 2, 2023 December 31, 2022 (In thousands) 2023 $ 10,501 $ 15,815 2024 15,574 14,809 2025 14,278 13,472 2026 12,792 11,964 2027 6,975 6,464 Thereafter 21,185 20,907 Total $ 81,305 $ 83,431 In addition, we covenanted the lease payments for certain Grass Valley property leases which include expiration dates through 2035, and collectively have approximately $23 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 two property leases. As of July 2, 2023, we have a liability for expected, future payments of $8.2 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	6 Months Ended
	Jul. 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 $12.7 million and $25.0 million in the three and six months ended July 2, 2023, respectively. We recognized depreciation expense in income from continuing operations of $11.4 million and $22.6 million in the three and six months ended July 3, 2022, respectively. We recognized amortization expense in income from continuing operations of $12.9 million and $24.0 million in the three and six months ended July 2, 2023, respectively. We recognized amortization expense in income from continuing operations of $10.2 million and $20.0 million in the three and six months ended July 3, 2022, respectively. Asset Held for Sale During the six months ended July 2, 2023, we entered into an agreement to sell our property in Ontario, Canada as part of a sale and leaseback transaction for $15.6 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	6 Months Ended
	Jul. 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 Enterprise Solutions segment incurred $1.3 million of restructuring and integration costs during the three and six months ended July 2, 2023, and the Industrial Automation Solutions segment incurred $0.1 million and $0.8 million of restructuring and integration co sts during the three and six months ended July 2, 2023, respectively. The Enterprise Solutions segment incurred $1.0 million of restructuring and integration costs during the three and six months ended July 3, 2022, and the Industrial Automation Solutions segment incurred $0.1 million and $3.1 million of restructuring and integration costs during the three and six months ended July 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 July 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 Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Cost of sales $ — $ 520 $ — $ 892 Selling, general and administrative expenses 1,323 647 1,997 3,258 Research and development expenses 94 — 94 — Total $ 1,417 $ 1,167 $ 2,091 $ 4,150

Long-Term Debt and Other Borrow

Long-Term Debt and Other Borrowing Arrangements	6 Months Ended
	Jul. 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: July 2, 2023 December 31, 2022 (In thousands) Revolving credit agreement due 2026 $ — $ — Senior subordinated notes: 3.375% Senior subordinated notes due 2027 490,500 480,330 3.875% Senior subordinated notes due 2028 381,500 373,590 3.375% Senior subordinated notes due 2031 327,000 320,220 Total senior subordinated notes 1,199,000 1,174,140 Less unamortized debt issuance costs (11,848) (12,964) Long-term debt $ 1,187,152 $ 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 July 2, 2023, we had no borrowings outstanding on the Revolver, and our available borrowing capacity was $291.2 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 six months ended July 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 July 2, 2023 is $490.5 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 July 2, 2023 is $381.5 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 July 2, 2023 is $327.0 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.

Net Investment Hedge

Net Investment Hedge	6 Months Ended
	Jul. 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 July 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 six months ended July 2, 2023 and July 3, 2022, the transaction gain (loss) associated with the net investment hedge reported in other comprehensive income was $(13.0) million and $53.5 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	6 Months Ended
	Jul. 02, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesFor the three and six months ended July 2, 2023, we recognized income tax expense of $15.7 million and $30.5 million, respectively, representing an effective tax rate of 18.5% and 18.8%, 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	6 Months Ended
	Jul. 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 July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Three Months Ended Service cost $ 844 $ 819 $ 3 $ 6 Interest cost 3,810 2,287 252 193 Expected return on plan assets (4,329) (3,798) — — Amortization of prior service cost 44 44 — — Actuarial losses (gains) (232) 224 (191) (20) Net periodic benefit cost (income) $ 137 $ (424) $ 64 $ 179 Six Months Ended Service cost $ 1,534 $ 1,730 $ 6 $ 12 Interest cost 7,554 4,592 503 388 Expected return on plan assets (8,438) (7,761) — — Amortization of prior service cost 87 91 — — Actuarial losses (gains) (458) 460 (382) (40) Net periodic benefit cost (income) $ 279 $ (888) $ 127 $ 360

Comprehensive Income and Accumu

Comprehensive Income and Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jul. 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: Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Net income $ 68,775 $ 58,642 $ 131,720 $ 94,486 Foreign currency translation adjustments, net of tax (4,577) 51,945 (21,595) 55,707 Adjustments to pension and postretirement liability, net of tax (284) 181 (564) 374 Total comprehensive income 63,914 110,768 109,561 150,567 Less: Comprehensive income (loss) attributable to noncontrolling interests 24 56 (221) 86 Comprehensive income attributable to Belden $ 63,890 $ 110,712 $ 109,782 $ 150,481 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 loss, net of tax, are as follows: Foreign Pension and Accumulated Other (In thousands) Balance at December 31, 2022 $ (1,944) $ (3,927) $ (5,871) Other comprehensive loss attributable to Belden before reclassifications (21,599) — (21,599) Amounts reclassified from accumulated other comprehensive loss (139) (564) (703) Net current period other comprehensive loss attributable to Belden (21,738) (564) (22,302) Balance at July 2, 2023 $ (23,682) $ (4,491) $ (28,173) The following table summarizes the effects of reclassifications from accumulated other comprehensive loss for the six months ended July 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 $ (840) (1) Prior service cost 87 (1) Total before tax (753) Tax expense 189 Total net of tax $ (564) (1) The amortization of these accumulated other comprehensive loss components are included in the computation of net periodic benefit costs (see Note 15).

Share Repurchase

Share Repurchase	6 Months Ended
	Jul. 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. On April 24, 2023, our Board of Directors authorized an additional $300.0 million under the share repurchase program. This program is funded with cash on hand and cash flows from operating activities. During the three months ended July 2, 2023 , we repurchased 0.4 million shares of our common stock for an aggregate cost of $36.2 million at an average price per share of $92.01. During the six months ended July 2, 2023 , we repurchased 1.0 million shares of our common stock for an aggregate cost of $86.2 million at an average price per share of $87.30. As of July 2, 2023, we had $278.8 million of authorizations remaining under the program. This share repurchase authorization does not have an expiration date.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 68,753	$ 58,561	$ 131,945	$ 94,402

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 02, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 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 six months ended July 2, 2023 and July 3, 2022 included 183 and 184 days, respectively.
Fair Value Measurement	Fair Value Measurement Accounting guidance for fair value measurements specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources or reflect our own assumptions of market participant valuation. The hierarchy is broken down into three levels based on the reliability of the inputs as follows: • Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets, or financial instruments for which significant inputs are observable, either directly or indirectly; 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 July 2, 2023, we had an immaterial amount of cash equivalents. 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.
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 EventsWe evaluated subsequent events after the balance sheet date through the financial statement issuance date for appropriate accounting and disclosure.
Noncontrolling Interest	Noncontrolling Interest On April 28, 2023, we sold our 51% ownership interest in Shanghai Hi-Tech Control System Co, Ltd to (Hite) for $0.9 million and recognized a $0.4 million pretax gain on sale. The sale also includes $0.6 million of potential earnout payments. The joint venture developed and provided 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. As Belden was the primary beneficiary of the joint venture, due to both our ownership percentage and control over the activities of the joint venture, we consolidated the joint venture in our financial statements and presented the results of the joint venture attributable to Hite’s ownership as net income attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations up to April 28, 2023 when we sold and deconsolidated the entity. The joint venture was not material to our consolidated financial statements during the six months ended July 2, 2023 and July 3, 2022. A Belden subsidiary includes a noncontrolling interest as of and for the periods ended July 2, 2023 and July 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)	6 Months Ended
	Jul. 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 July 2, 2023 (In thousands) Enterprise Solutions $ 159,332 $ — $ 153,197 $ 312,529 Industrial Automation Solutions — 379,716 — 379,716 Total $ 159,332 $ 379,716 $ 153,197 $ 692,245 Three Months Ended July 3, 2022 Enterprise Solutions $ 146,771 $ — $ 160,673 $ 307,444 Industrial Automation Solutions — 359,107 — 359,107 Total $ 146,771 $ 359,107 $ 160,673 $ 666,551 Six Months Ended July 2, 2023 Enterprise Solutions $ 290,887 $ — $ 296,985 $ 587,872 Industrial Automation Solutions — 746,162 — 746,162 Total $ 290,887 $ 746,162 $ 296,985 $ 1,334,034 Six Months Ended July 3, 2022 Enterprise Solutions $ 268,576 $ — $ 307,298 $ 575,874 Industrial Automation Solutions — 701,048 — 701,048 Total $ 268,576 $ 701,048 $ 307,298 $ 1,276,922 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 July 2, 2023 (In thousands) Enterprise Solutions $ 246,471 $ 36,671 $ 29,387 $ 312,529 Industrial Automation Solutions 213,852 109,055 56,809 379,716 Total $ 460,323 $ 145,726 $ 86,196 $ 692,245 Three Months Ended July 3, 2022 Enterprise Solutions $ 233,501 $ 36,497 $ 37,446 $ 307,444 Industrial Automation Solutions 214,045 91,765 53,297 359,107 Total $ 447,546 $ 128,262 $ 90,743 $ 666,551 Six Months Ended July 2, 2023 Enterprise Solutions $ 460,358 $ 74,119 $ 53,395 $ 587,872 Industrial Automation Solutions 429,065 210,976 106,121 746,162 Total $ 889,423 $ 285,095 $ 159,516 $ 1,334,034 Six Months Ended July 3, 2022 Enterprise Solutions $ 437,887 $ 75,886 $ 62,101 $ 575,874 Industrial Automation Solutions 418,355 182,216 100,477 701,048 Total $ 856,242 $ 258,102 $ 162,578 $ 1,276,922
Schedule of Contract with Customer, Asset and Liability	The following table presents estimated and accrued variable consideration: July 2, 2023 December 31, 2022 (in thousands) Accrued rebates included in accrued liabilities $ 42,868 $ 55,559 Accrued returns included in accrued liabilities 16,575 11,700 Price adjustments recognized against gross accounts receivable 25,457 24,304 July 2, 2023 and July 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 New deferrals 6,900 4,265 Revenue recognized (6,528) (8,880) Balance at the end of Q2 $ 29,667 $ 26,834
Schedule of Sales Commissions	The following table presents sales commissions that are recorded within selling, general and administrative expenses: Three Months Ended Six Months ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Sales commissions $ 6,316 $ 6,131 $ 12,089 $ 11,354

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jul. 02, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the estimated, preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands): Receivables $ 6,781 Inventory 13,061 Other current assets 1,840 Property, plant and equipment 7,057 Intangible assets 52,597 Goodwill 27,831 Other long-lived assets 1,303 Total assets acquired $ 110,470 Accounts payable $ 2,423 Accrued liabilities 1,884 Deferred income taxes 8,659 Total liabilities assumed $ 12,966 Net assets $ 97,504
Schedule of Acquired Intangible Assets	The intangible assets related to the acquisition consisted of the following: Fair Value Amortization Period (In thousands) (In years) Intangible assets subject to amortization: Customer relationships $ 49,131 15.0 Trademarks 2,456 2.0 Sales backlog 1,010 0.2 Total intangible assets subject to amortization $ 52,597 Intangible assets not subject to amortization: Goodwill $ 27,831 n/a Total intangible assets not subject to amortization $ 27,831 Total intangible assets $ 80,428 Weighted average amortization period 14.1

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jul. 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)	6 Months Ended
	Jul. 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 July 2, 2023 Segment Revenues $ 312,529 $ 379,716 $ 692,245 Segment EBITDA 43,956 78,631 122,587 Depreciation expense 6,193 6,489 12,682 Amortization of intangibles 6,208 4,918 11,126 Amortization of software development intangible assets — 1,820 1,820 Severance, restructuring, and acquisition integration costs 1,669 2,390 4,059 Adjustments related to acquisitions and divestitures 325 (76) 249 Segment assets 648,344 699,092 1,347,436 As of and for the three months ended July 3, 2022 Segment Revenues $ 307,444 $ 359,107 $ 666,551 Segment EBITDA 41,887 68,060 109,947 Depreciation expense 5,768 5,602 11,370 Amortization of intangibles 4,442 4,735 9,177 Amortization of software development intangible assets 22 959 981 Severance, restructuring, and acquisition integration costs 4,575 1,282 5,857 Adjustments related to acquisitions and divestitures (558) 1,134 576 Segment assets 607,386 649,595 1,256,981 As of and for the six months ended July 2, 2023 Segment revenues $ 587,872 $ 746,162 $ 1,334,034 Segment EBITDA 81,161 152,418 233,579 Depreciation expense 12,147 12,889 25,036 Amortization of intangibles 10,703 10,033 20,736 Amortization of software development intangible assets — 3,272 3,272 Severance, restructuring, and acquisition integration costs 1,694 4,077 5,771 Adjustments related to acquisitions and divestitures 325 222 547 Segment assets 648,344 699,092 1,347,436 As of and for the six months ended July 3, 2022 Segment Revenues $ 575,874 $ 701,048 $ 1,276,922 Segment EBITDA 72,708 135,588 208,296 Depreciation expense 11,194 11,402 22,596 Amortization of intangibles 8,539 9,455 17,994 Amortization of software development intangible assets 44 1,944 1,988 Severance, restructuring, and acquisition integration costs 4,903 4,677 9,580 Adjustments related to acquisitions and divestitures (558) 1,134 576 Segment assets 607,386 649,595 1,256,981
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 Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Total Segment and Consolidated Revenues $ 692,245 $ 666,551 $ 1,334,034 $ 1,276,922 Total Segment EBITDA $ 122,587 $ 109,947 $ 233,579 $ 208,296 Depreciation expense (12,682) (11,370) (25,036) (22,596) Amortization of intangibles (11,126) (9,177) (20,736) (17,994) Severance, restructuring, and acquisition integration costs (1) (4,059) (5,857) (5,771) (9,580) Amortization of software development intangible assets (1,820) (981) (3,272) (1,988) Adjustments related to acquisitions and divestitures (2) (249) (576) (547) (576) Eliminations (54) (50) (83) (105) Consolidated operating income 92,597 81,936 178,134 155,457 Interest expense, net (8,812) (11,276) (17,013) (25,687) Loss on debt extinguishment — — — (6,392) Total non-operating pension benefit 646 1,070 1,134 2,270 Consolidated income from continuing operations before taxes $ 84,431 $ 71,730 $ 162,255 $ 125,648 (1) Severance, restructuring, and acquisition integration costs for the three and six months ended July 2, 2023 and July 3, 2022 included costs related to our Acquisition Integration program. See Note 11.

Income (loss) per Share (Tables

Income (loss) per Share (Tables)	6 Months Ended
	Jul. 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 Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Numerator: Income from continuing operations $ 68,775 $ 58,642 $ 131,720 $ 102,738 Less: Net income (loss) attributable to noncontrolling interest 22 81 (225) 84 Income from continuing operations attributable to Belden stockholders 68,753 58,561 131,945 102,654 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 $ 68,753 $ 58,561 $ 131,945 $ 94,402 Denominator: Weighted average shares outstanding, basic 42,497 44,252 42,663 44,535 Effect of dilutive common stock equivalents 591 530 717 644 Weighted average shares outstanding, diluted 43,088 44,782 43,380 45,179

Credit Losses (Tables)

Credit Losses (Tables)	6 Months Ended
	Jul. 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 and six months ended July 2, 2023 and July 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 Current period provision 4,194 656 Acquisitions 19 — Fx impact 11 (81) Write-offs — (64) Recoveries collected (8) (12) Q2 ending balance $ 16,146 $ 5,792

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 02, 2023
Inventory Disclosure [Abstract]
Schedule of Major Classes of Inventories	The following table presents the major classes of inventories as of July 2, 2023 and December 31, 2022 , respectively: July 2, 2023 December 31, 2022 (In thousands) Raw materials $ 182,683 $ 162,154 Work-in-process 39,252 35,011 Finished goods 183,289 190,311 Gross inventories 405,224 387,476 Excess and obsolete reserves (59,797) (45,913) Net inventories $ 345,427 $ 341,563

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 02, 2023
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows: Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Operating lease cost $ 5,415 $ 5,365 $ 10,932 $ 10,793 Finance lease cost Amortization of right-of-use asset $ 190 $ 446 $ 391 $ 734 Interest on lease liabilities 77 122 157 128 Total finance lease cost $ 267 $ 568 $ 548 $ 862
Supplemental Cash Flow Information Related To Leases	Supplemental cash flow information related to leases was as follows: Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,625 $ 4,561 $ 9,290 $ 9,337
Supplemental Balance Sheet Information Related To Leases	Supplemental balance sheet information related to leases was as follows: July 2, 2023 December 31, 2022 (In thousands, except lease term and discount rate) Operating leases: Total operating lease right-of-use assets $ 73,435 $ 73,376 Accrued liabilities $ 16,502 $ 16,442 Long-term operating lease liabilities 60,480 59,250 Total operating lease liabilities $ 76,982 $ 75,692 Finance leases: Other long-lived assets, at cost $ 6,313 $ 6,323 Accumulated depreciation (1,020) (733) Other long-lived assets, net $ 5,293 $ 5,590 Accrued liabilities $ 549 $ 391 Other long-term liabilities 5,814 5,928 Total finance lease liabilities $ 6,363 $ 6,319
Supplemental Other Information Related To Leases	July 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 July 2, 2023 and December 31, 2022, respectively: July 2, 2023 December 31, 2022 (In thousands) 2023 $ 10,501 $ 15,815 2024 15,574 14,809 2025 14,278 13,472 2026 12,792 11,964 2027 6,975 6,464 Thereafter 21,185 20,907 Total $ 81,305 $ 83,431

Severance, Restructuring, and_2

Severance, Restructuring, and Acquisition Integration Activities (Tables)	6 Months Ended
	Jul. 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 Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Cost of sales $ — $ 520 $ — $ 892 Selling, general and administrative expenses 1,323 647 1,997 3,258 Research and development expenses 94 — 94 — Total $ 1,417 $ 1,167 $ 2,091 $ 4,150

Long-Term Debt and Other Borr_2

Long-Term Debt and Other Borrowing Arrangements (Tables)	6 Months Ended
	Jul. 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: July 2, 2023 December 31, 2022 (In thousands) Revolving credit agreement due 2026 $ — $ — Senior subordinated notes: 3.375% Senior subordinated notes due 2027 490,500 480,330 3.875% Senior subordinated notes due 2028 381,500 373,590 3.375% Senior subordinated notes due 2031 327,000 320,220 Total senior subordinated notes 1,199,000 1,174,140 Less unamortized debt issuance costs (11,848) (12,964) Long-term debt $ 1,187,152 $ 1,161,176

Pension and Other Postretirem_2

Pension and Other Postretirement Obligations (Tables)	6 Months Ended
	Jul. 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 July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Three Months Ended Service cost $ 844 $ 819 $ 3 $ 6 Interest cost 3,810 2,287 252 193 Expected return on plan assets (4,329) (3,798) — — Amortization of prior service cost 44 44 — — Actuarial losses (gains) (232) 224 (191) (20) Net periodic benefit cost (income) $ 137 $ (424) $ 64 $ 179 Six Months Ended Service cost $ 1,534 $ 1,730 $ 6 $ 12 Interest cost 7,554 4,592 503 388 Expected return on plan assets (8,438) (7,761) — — Amortization of prior service cost 87 91 — — Actuarial losses (gains) (458) 460 (382) (40) Net periodic benefit cost (income) $ 279 $ (888) $ 127 $ 360

Comprehensive Income and Accu_2

Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jul. 02, 2023
Equity [Abstract]
Schedule of Total Comprehensive Income (Loss)	The following table summarizes total comprehensive income: Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 (In thousands) Net income $ 68,775 $ 58,642 $ 131,720 $ 94,486 Foreign currency translation adjustments, net of tax (4,577) 51,945 (21,595) 55,707 Adjustments to pension and postretirement liability, net of tax (284) 181 (564) 374 Total comprehensive income 63,914 110,768 109,561 150,567 Less: Comprehensive income (loss) attributable to noncontrolling interests 24 56 (221) 86 Comprehensive income attributable to Belden $ 63,890 $ 110,712 $ 109,782 $ 150,481
Schedule of Components of Other Comprehensive Income (Loss), Net of Tax	The accumulated balances related to each component of other comprehensive loss, net of tax, are as follows: Foreign Pension and Accumulated Other (In thousands) Balance at December 31, 2022 $ (1,944) $ (3,927) $ (5,871) Other comprehensive loss attributable to Belden before reclassifications (21,599) — (21,599) Amounts reclassified from accumulated other comprehensive loss (139) (564) (703) Net current period other comprehensive loss attributable to Belden (21,738) (564) (22,302) Balance at July 2, 2023 $ (23,682) $ (4,491) $ (28,173)
Schedule of Effects of Reclassifications from Accumulated Other Comprehensive Income (Loss)	The following table summarizes the effects of reclassifications from accumulated other comprehensive loss for the six months ended July 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 $ (840) (1) Prior service cost 87 (1) Total before tax (753) Tax expense 189 Total net of tax $ (564) (1) The amortization of these accumulated other comprehensive loss components are included in the computation of net periodic benefit costs (see Note 15).

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Thousands		6 Months Ended
	Apr. 28, 2023 USD ($)	Jul. 02, 2023 USD ($) segment
Significant Accounting Policies [Line Items]
Number of reportable segments | segment		2
Hite
Significant Accounting Policies [Line Items]
Ownership interest percentage	51%
Proceeds from sale of ownership	$ 900
Pre tax gain on sale	400
Potential earnouts payment	$ 600
Standby Letters of Credit
Significant Accounting Policies [Line Items]
Loss contingency, range of possible loss, portion not accrued		$ 8,700
Surety Bonds
Significant Accounting Policies [Line Items]
Loss contingency, range of possible loss, portion not accrued		4,700
Bank Guaranties
Significant Accounting Policies [Line Items]
Loss contingency, range of possible loss, portion not accrued		$ 4,300

Revenues - Major Product Catego

Revenues - Major Product Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 692,245	$ 666,551	$ 1,334,034	$ 1,276,922
Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	312,529	307,444	587,872	575,874
Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	379,716	359,107	746,162	701,048
Broadband Solutions
Disaggregation of Revenue [Line Items]
Revenues	159,332	146,771	290,887	268,576
Broadband Solutions | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	159,332	146,771	290,887	268,576
Broadband Solutions | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Industrial Automation
Disaggregation of Revenue [Line Items]
Revenues	379,716	359,107	746,162	701,048
Industrial Automation | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Industrial Automation | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	379,716	359,107	746,162	701,048
Smart Buildings
Disaggregation of Revenue [Line Items]
Revenues	153,197	160,673	296,985	307,298
Smart Buildings | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	153,197	160,673	296,985	307,298
Smart Buildings | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0

Revenues - Location of Customer

Revenues - Location of Customer (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 692,245	$ 666,551	$ 1,334,034	$ 1,276,922
Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	312,529	307,444	587,872	575,874
Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	379,716	359,107	746,162	701,048
Americas
Disaggregation of Revenue [Line Items]
Revenues	460,323	447,546	889,423	856,242
Americas | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	246,471	233,501	460,358	437,887
Americas | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	213,852	214,045	429,065	418,355
EMEA
Disaggregation of Revenue [Line Items]
Revenues	145,726	128,262	285,095	258,102
EMEA | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	36,671	36,497	74,119	75,886
EMEA | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	109,055	91,765	210,976	182,216
APAC
Disaggregation of Revenue [Line Items]
Revenues	86,196	90,743	159,516	162,578
APAC | Enterprise Solutions
Disaggregation of Revenue [Line Items]
Revenues	29,387	37,446	53,395	62,101
APAC | Industrial Automation Solutions
Disaggregation of Revenue [Line Items]
Revenues	$ 56,809	$ 53,297	$ 106,121	$ 100,477

Revenues - Estimated and Accrue

Revenues - Estimated and Accrued Variable Consideration (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 02, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accrued rebates included in accrued liabilities	$ 42,868	$ 55,559
Accrued returns included in accrued liabilities	16,575	11,700
Price adjustments recognized against gross accounts receivable	$ 25,457	$ 24,304

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Apr. 02, 2023	Dec. 31, 2022	Jul. 03, 2022	Apr. 03, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Contract with customer, deferred revenues	$ 29,667	$ 29,295	$ 33,243	$ 26,834	$ 31,449	$ 19,390
Contract with customer, deferred revenues, current	22,700
Contract with customer, deferred revenues, noncurrent	7,000
Service-Type Warranties
Disaggregation of Revenue [Line Items]
Contract with customer, deferred revenues	9,500
Contract with customer, deferred revenues, current	4,900
Contract with customer, deferred revenues, noncurrent	$ 4,600

Revenues - Deferred Revenue (De

Revenues - Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Apr. 02, 2023	Jul. 03, 2022	Apr. 03, 2022
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 29,295	$ 33,243	$ 31,449	$ 19,390
New deferrals	6,900	4,359	4,265	8,857
Acquisitions		0		6,567
Revenue recognized	(6,528)	(8,307)	(8,880)	(3,365)
Ending balance	$ 29,667	$ 29,295	$ 26,834	$ 31,449

Revenues - Sales Commissions (D

Revenues - Sales Commissions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Revenue from Contract with Customer [Abstract]
Sales commissions	$ 6,316	$ 6,131	$ 12,089	$ 11,354

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($)	6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Apr. 17, 2023
Business Acquisition [Line Items]
Purchase price, net of cash acquired	$ 97,585,000	$ 104,123,000
Receivables			$ 6,800,000
Berthold Sichert GmbH
Business Acquisition [Line Items]
Receivables			6,781,000
Tax basis in acquired goodwill			$ 0

Acquisitions - Schedule of Reco

Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Apr. 17, 2023	Dec. 31, 2022
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Receivables		$ 6,800
Intangible assets	$ 893,419		$ 862,253
Berthold Sichert GmbH
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Receivables		6,781
Inventory		13,061
Other current assets		1,840
Property, plant and equipment		7,057
Intangible assets		52,597
Intangible assets		27,831
Other long-lived assets		1,303
Total assets acquired		110,470
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Accounts payable		2,423
Accrued liabilities		1,884
Deferred income taxes		8,659
Total liabilities assumed		12,966
Net assets		$ 97,504

Acquisitions - Schedule of Acqu

Acquisitions - Schedule of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 17, 2023	Jul. 02, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill		$ 893,419	$ 862,253
Berthold Sichert GmbH
Business Acquisition [Line Items]
Total intangible assets subject to amortization	$ 52,597
Goodwill	27,831
Total intangible assets	$ 80,428
Amortization period (in years)	14 years 1 month 6 days
Customer relationships | Berthold Sichert GmbH
Business Acquisition [Line Items]
Total intangible assets subject to amortization	$ 49,131
Amortization period (in years)	15 years
Trademarks | Berthold Sichert GmbH
Business Acquisition [Line Items]
Total intangible assets subject to amortization	$ 2,456
Amortization period (in years)	2 years
Sales backlog | Berthold Sichert GmbH
Business Acquisition [Line Items]
Total intangible assets subject to amortization	$ 1,010
Amortization period (in years)	2 months 12 days

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Feb. 22, 2022	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of discontinued operations		$ 0	$ 0	$ 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	6 Months Ended
	Jul. 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)	6 Months Ended
	Jul. 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		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Segment Revenues	$ 692,245	$ 666,551	$ 1,334,034	$ 1,276,922
Depreciation expense	12,700	11,400	25,000	22,600
Amortization of intangibles	11,126	9,177	20,736	17,994
Severance, restructuring, and acquisition integration costs	1,417	1,167	2,091	4,150
Segment assets	3,145,327		3,145,327		$ 3,161,675
Enterprise Solutions
Segment Reporting Information [Line Items]
Segment Revenues	312,529	307,444	587,872	575,874
Industrial Automation Solutions
Segment Reporting Information [Line Items]
Segment Revenues	379,716	359,107	746,162	701,048
Reportable Segment
Segment Reporting Information [Line Items]
Segment EBITDA	122,587	109,947	233,579	208,296
Depreciation expense	12,682	11,370	25,036	22,596
Amortization of intangibles	11,126	9,177	20,736	17,994
Amortization of software development intangible assets	1,820	981	3,272	1,988
Severance, restructuring, and acquisition integration costs	4,059	5,857	5,771	9,580
Adjustments related to acquisitions and divestitures	249	576	547	576
Segment assets	1,347,436	1,256,981	1,347,436	1,256,981
Reportable Segment | Software Development
Segment Reporting Information [Line Items]
Amortization of software development intangible assets	1,820	981	3,272	1,988
Reportable Segment | Segment Revenues
Segment Reporting Information [Line Items]
Segment Revenues	692,245	666,551	1,334,034	1,276,922
Reportable Segment | Enterprise Solutions
Segment Reporting Information [Line Items]
Segment EBITDA	43,956	41,887	81,161	72,708
Depreciation expense	6,193	5,768	12,147	11,194
Amortization of intangibles	6,208	4,442	10,703	8,539
Severance, restructuring, and acquisition integration costs	1,669	4,575	1,694	4,903
Adjustments related to acquisitions and divestitures	325	(558)	325	(558)
Segment assets	648,344	607,386	648,344	607,386
Reportable Segment | Enterprise Solutions | Software Development
Segment Reporting Information [Line Items]
Amortization of software development intangible assets	0	22	0	44
Reportable Segment | Enterprise Solutions | Segment Revenues
Segment Reporting Information [Line Items]
Segment Revenues	312,529	307,444	587,872	575,874
Reportable Segment | Industrial Automation Solutions
Segment Reporting Information [Line Items]
Segment EBITDA	78,631	68,060	152,418	135,588
Depreciation expense	6,489	5,602	12,889	11,402
Amortization of intangibles	4,918	4,735	10,033	9,455
Severance, restructuring, and acquisition integration costs	2,390	1,282	4,077	4,677
Adjustments related to acquisitions and divestitures	(76)	1,134	222	1,134
Segment assets	699,092	649,595	699,092	649,595
Reportable Segment | Industrial Automation Solutions | Software Development
Segment Reporting Information [Line Items]
Amortization of software development intangible assets	1,820	959	3,272	1,944
Reportable Segment | Industrial Automation Solutions | Segment Revenues
Segment Reporting Information [Line Items]
Segment Revenues	$ 379,716	$ 359,107	$ 746,162	$ 701,048

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		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	$ 692,245	$ 666,551	$ 1,334,034	$ 1,276,922
Depreciation expense	(12,700)	(11,400)	(25,000)	(22,600)
Amortization of intangibles	(11,126)	(9,177)	(20,736)	(17,994)
Severance, restructuring, and acquisition integration costs	(1,417)	(1,167)	(2,091)	(4,150)
Operating income	92,597	81,936	178,134	155,457
Interest expense, net	(8,812)	(11,276)	(17,013)	(25,687)
Loss on debt extinguishment	0	0	0	(6,392)
Total non-operating pension benefit	646	1,070	1,134	2,270
Consolidated income from continuing operations before taxes	84,431	71,730	162,255	125,648
Reportable Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment EBITDA	122,587	109,947	233,579	208,296
Depreciation expense	(12,682)	(11,370)	(25,036)	(22,596)
Amortization of intangibles	(11,126)	(9,177)	(20,736)	(17,994)
Severance, restructuring, and acquisition integration costs	(4,059)	(5,857)	(5,771)	(9,580)
Amortization of software development intangible assets	(1,820)	(981)	(3,272)	(1,988)
Adjustments related to acquisitions and divestitures	(249)	(576)	(547)	(576)
Operating income	92,597	81,936	178,134	155,457
Interest expense, net	(8,812)	(11,276)	(17,013)	(25,687)
Loss on debt extinguishment	0	0	0	(6,392)
Reportable Segment | Segment Revenues
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	692,245	666,551	1,334,034	1,276,922
Intersegment Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	$ (54)	$ (50)	$ (83)	$ (105)

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		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Numerator:
Income from continuing operations	$ 68,775	$ 58,642	$ 131,720	$ 102,738
Less: Net income (loss) attributable to noncontrolling interest	22	81	(225)	84
Income from continuing operations attributable to Belden stockholders	68,753	58,561	131,945	102,654
Add: Loss from discontinued operations, net of tax	0	0	0	(3,685)
Add: Loss on disposal of discontinued operations, net of tax	0	0	0	(4,567)
Net income attributable to Belden stockholders	$ 68,753	$ 58,561	$ 131,945	$ 94,402
Denominator:
Weighted average shares outstanding, basic (in shares)	42,497	44,252	42,663	44,535
Effect of dilutive common stock equivalents (in shares)	591	530	717	644
Weighted average shares outstanding, diluted (in shares)	43,088	44,782	43,380	45,179

Income (loss) per Share - Addit

Income (loss) per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Earnings Per Share [Abstract]
Anti-dilutive shares excluded from diluted weighted average shares outstanding (in shares)	0.2	1.1	0.2	1.1
Anti-dilutive shares excluded from diluted weighted average shares outstanding due to performance conditions not being met (in shares)	0.2	0.2	0.2	0.3

Credit Losses (Details)

Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2023	Apr. 02, 2023	Jul. 03, 2022	Apr. 03, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 11,930	$ 7,954	$ 5,293	$ 4,864
Current period provision	4,194	4,004	656	846
Acquisitions	19	0	0	319
Recoveries collected	(8)	0	(12)	(50)
Write-offs	0	(3)	(64)	(667)
Fx impact	11	(25)	(81)	(19)
Ending balance	$ 16,146	$ 11,930	$ 5,792	$ 5,293

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 182,683	$ 162,154
Work-in-process	39,252	35,011
Finished goods	183,289	190,311
Gross inventories	405,224	387,476
Excess and obsolete reserves	(59,797)	(45,913)
Net inventories	$ 345,427	$ 341,563

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 02, 2023 USD ($)	Jul. 03, 2022 USD ($)	Jul. 02, 2023 USD ($)	Jul. 03, 2022 USD ($)	Dec. 31, 2022 lease
Lessee, Lease, Description [Line Items]
Variable lease, payment	$ 0.8	$ 0.7	$ 1.6	$ 1.5
Fixed payments remaining	23		23
Number of leases defaulted on | lease					2
Lease guarantee, remaining lease payments	$ 8.2		$ 8.2
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		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Leases [Abstract]
Operating lease cost	$ 5,415	$ 5,365	$ 10,932	$ 10,793
Amortization of right-of-use asset	190	446	391	734
Interest on lease liabilities	77	122	157	128
Total finance lease cost	$ 267	$ 568	$ 548	$ 862

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related To Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 4,625	$ 4,561	$ 9,290	$ 9,337

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related To Leases (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Leases [Abstract]
Total operating lease right-of-use assets	$ 73,435	$ 73,376
Accrued liabilities	16,502	16,442
Long-term operating lease liabilities	60,480	59,250
Total operating lease liabilities	76,982	75,692
Other long-lived assets, at cost	6,313	6,323
Accumulated depreciation	(1,020)	(733)
Other long-lived assets, net	5,293	5,590
Accrued liabilities	549	391
Other long-term liabilities	5,814	5,928
Total finance lease liabilities	$ 6,363	$ 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)	Jul. 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	Jul. 02, 2023	Dec. 31, 2022
Leases [Abstract]
2023	$ 10,501
2023	15,574	$ 15,815
2024	14,278	14,809
2025	12,792	13,472
2026	6,975	11,964
2027		6,464
Thereafter	21,185	20,907
Total	$ 81,305	$ 83,431

Long-Lived Assets (Details)

Long-Lived Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 12.7	$ 11.4	$ 25	$ 22.6
Amortization of intangible assets including amortization of software development	$ 12.9	$ 10.2	24	$ 20
Payments to acquire real estate			$ 15.6

Severance, Restructuring, and_3

Severance, Restructuring, and Acquisition Integration Activities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	$ 1,417	$ 1,167	$ 2,091	$ 4,150
Restructuring and integration cost payable period (in days)			60 days		60 days
Acquisition Integration Program | Enterprise Solutions
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	1,300	1,000	$ 1,300	1,000
Acquisition Integration Program | Industrial Automation Solutions
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	$ 100	$ 100	$ 800	$ 3,100

Severance, Restructuring, and_4

Severance, Restructuring, and Acquisition Integration Activities - Costs of Various Programs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	$ 1,417	$ 1,167	$ 2,091	$ 4,150
Cost of sales
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	0	520	0	892
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	1,323	647	1,997	3,258
Research and development expenses
Restructuring Cost and Reserve [Line Items]
Severance, restructuring, and acquisition integration costs	$ 94	$ 0	$ 94	$ 0

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 ($)	Jul. 02, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total senior subordinated notes	$ 1,199,000,000	$ 1,174,140,000
Less unamortized debt issuance costs	(11,848,000)	(12,964,000)
Long-term debt	1,187,152,000	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	490,500,000
3.875% Senior subordinated notes due 2028
Debt Instrument [Line Items]
Total senior subordinated notes	381,500,000
Senior Subordinated Notes
Debt Instrument [Line Items]
Total senior subordinated notes	$ 1,199,000,000
Senior Subordinated Notes | 3.375% Senior subordinated notes due 2027
Debt Instrument [Line Items]
Senior subordinated notes interest rate (as percent)	3.375%
Total senior subordinated notes	$ 490,500,000	480,330,000
Senior Subordinated Notes | 3.875% Senior subordinated notes due 2028
Debt Instrument [Line Items]
Senior subordinated notes interest rate (as percent)	3.875%
Total senior subordinated notes	$ 381,500,000	373,590,000
Senior Subordinated Notes | 3.375% Senior subordinated notes due 2031
Debt Instrument [Line Items]
Senior subordinated notes interest rate (as percent)	3.375%
Total senior subordinated notes	$ 327,000,000	$ 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		6 Months Ended
	Jul. 02, 2023 USD ($)	Jul. 03, 2022 USD ($)	Jul. 02, 2023 USD ($)	Jul. 03, 2022 USD ($)	Jul. 03, 2022 EUR (€)	Jul. 02, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Loss on debt extinguishment	$ 0	$ 0	$ 0	$ 6,392,000
Senior subordinated notes	1,199,000,000		1,199,000,000				$ 1,174,140,000
Senior Subordinated Notes
Debt Instrument [Line Items]
Senior subordinated notes	1,199,000,000		1,199,000,000
Fair value of senior subordinated notes	1,099,500,000		1,099,500,000
Revolving credit agreement due 2026
Debt Instrument [Line Items]
Revolving credit agreement, maximum borrowing capacity	300,000,000		$ 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		$ 20,000,000
Revolving credit agreement due 2022, borrowings outstanding	0		0				0
Revolving credit agreement, available borrowing capacity	$ 291,200,000		$ 291,200,000
Revolving credit agreement due 2026 | Minimum | Secured Overnight Financing Rate
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 | Secured Overnight Financing Rate
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 (as percent)	4.125%		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	$ 490,500,000		$ 490,500,000
3.375% Senior subordinated notes due 2027 | Senior Subordinated Notes
Debt Instrument [Line Items]
Debt instrument, amount outstanding | €						€ 450
Senior subordinated notes interest rate (as percent)	3.375%		3.375%			3.375%
Senior subordinated notes	$ 490,500,000		$ 490,500,000				480,330,000
3.875% Senior subordinated notes due 2028
Debt Instrument [Line Items]
Senior subordinated notes	$ 381,500,000		$ 381,500,000
3.875% Senior subordinated notes due 2028 | Senior Subordinated Notes
Debt Instrument [Line Items]
Debt instrument, amount outstanding | €						€ 350
Senior subordinated notes interest rate (as percent)	3.875%		3.875%			3.875%
Senior subordinated notes	$ 381,500,000		$ 381,500,000				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 (as percent)	3.375%		3.375%			3.375%
Senior subordinated notes	$ 327,000,000		$ 327,000,000				$ 320,220,000

Net Investment Hedge (Details)

Net Investment Hedge (Details) $ in Thousands, € in Millions	3 Months Ended		6 Months Ended			12 Months Ended
	Jul. 02, 2023 USD ($)	Jul. 03, 2022 USD ($)	Jul. 02, 2023 EUR (€)	Jul. 02, 2023 USD ($)	Jul. 03, 2022 USD ($)	Dec. 31, 2022 EUR (€)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative translation adjustment | $	$ (4,577)	$ 51,945		$ (21,595)	$ 55,707
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 | $				$ (13,000)	$ 53,500

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 15,656	$ 13,088	$ 30,535	$ 22,910
Effective tax rate (as percent)	18.50%	18.20%	18.80%	18.20%

Pension and Other Postretirem_3

Pension and Other Postretirement Obligations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Pension Obligations
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 844	$ 819	$ 1,534	$ 1,730
Interest cost	3,810	2,287	7,554	4,592
Expected return on plan assets	(4,329)	(3,798)	(8,438)	(7,761)
Amortization of prior service cost	44	44	87	91
Actuarial losses (gains)	(232)	224	(458)	460
Net periodic benefit cost (income)	137	(424)	279	(888)
Other Postretirement Obligations
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	6	6	12
Interest cost	252	193	503	388
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	0	0	0	0
Actuarial losses (gains)	(191)	(20)	(382)	(40)
Net periodic benefit cost (income)	$ 64	$ 179	$ 127	$ 360

Comprehensive Income and Accu_3

Comprehensive Income and Accumulated Other Comprehensive Income (Loss) - Total Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 02, 2023	Apr. 02, 2023	Jul. 03, 2022	Apr. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Equity [Abstract]
Net income	$ 68,775	$ 62,945	$ 58,642	$ 35,844	$ 131,720	$ 94,486
Foreign currency translation adjustments, net of tax	(4,577)		51,945		(21,595)	55,707
Adjustments to pension and postretirement liability, net of tax	(284)		181		(564)	374
Total comprehensive income	63,914		110,768		109,561	150,567
Less: Comprehensive income (loss) attributable to noncontrolling interests	24		56		(221)	86
Comprehensive income attributable to Belden	$ 63,890		$ 110,712		$ 109,782	$ 150,481

Comprehensive Income and Accu_4

Comprehensive Income and Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss), Net of Tax (Details) $ in Thousands	6 Months Ended
	Jul. 02, 2023 USD ($)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,143,950
Ending balance	1,162,991
Accumulated Other  Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(5,871)
Other comprehensive loss attributable to Belden before reclassifications	(21,599)
Amounts reclassified from accumulated other comprehensive loss	(703)
Net current period other comprehensive loss attributable to Belden	(22,302)
Ending balance	(28,173)
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	(21,599)
Amounts reclassified from accumulated other comprehensive loss	(139)
Net current period other comprehensive loss attributable to Belden	(21,738)
Ending balance	(23,682)
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 loss	(564)
Net current period other comprehensive loss attributable to Belden	(564)
Ending balance	$ (4,491)

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		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	$ (84,431)	$ (71,730)	$ (162,255)	$ (125,648)
Income tax expense	15,656	13,088	30,535	22,910
Total net of tax	$ (68,753)	$ (58,561)	(131,945)	$ (94,402)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated foreign currency translation gains			100
Reclassification out of Accumulated Other Comprehensive Income | Actuarial gains
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other nonoperating expense (income)			(840)
Reclassification out of Accumulated Other Comprehensive Income | Prior service cost
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other nonoperating expense (income)			87
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			(753)
Income tax expense			189
Total net of tax			$ (564)

Share Repurchase (Details)

Share Repurchase (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	3 Months Ended			6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Apr. 03, 2022	Jul. 02, 2023	Jul. 03, 2022	Apr. 24, 2023	Dec. 31, 2018
Equity, Class of Treasury Stock [Line Items]
Shares repurchase program (in shares)	0.4	0.3		1	1.2
Value of shares repurchased	$ 36,200	$ 16,559	$ 50,000	$ 86,200	$ 66,600
Treasury stock acquired, average cost per share (in usd per share)	$ 92.01	$ 51.71		$ 87.30	$ 55.23
Stock repurchase program, remaining authorized repurchase amount	$ 278,800			$ 278,800
11/29/2018 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount							$ 300,000
Stock repurchase program, additional authorized amount						$ 300,000