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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Income Statement [Abstract]        
Revenues $ 654,926 $ 626,807 $ 1,794,937 $ 1,960,841
Cost of sales (410,922) (385,639) (1,122,531) (1,212,240)
Gross profit 244,004 241,168 672,406 748,601
Selling, general and administrative expenses (126,976) (118,079) (357,241) (366,288)
Research and development expenses (27,941) (30,190) (83,397) (90,544)
Amortization of intangibles (13,738) (9,526) (34,487) (30,262)
Gain on sale of assets 0 12,056 0 12,056
Operating income 75,349 95,429 197,281 273,563
Interest expense, net (10,855) (8,580) (27,454) (25,593)
Non-operating pension benefit 286 328 747 1,462
Income before taxes 64,780 87,177 170,574 249,432
Income tax expense (11,091) (14,850) (30,542) (45,385)
Net income 53,689 72,327 140,032 204,047
Less: Net loss attributable to noncontrolling interest (3) (20) (17) (245)
Net income attributable to Belden stockholders $ 53,692 $ 72,347 $ 140,049 $ 204,292
Weighted average number of common shares and equivalents:        
Basic (in shares) 40,798 42,053 40,825 42,460
Diluted (in shares) 41,417 42,625 41,371 43,129
Basic income per share attributable to Belden stockholders (in usd per share) $ 1.32 $ 1.72 $ 3.43 $ 4.81
Diluted income per share attributable to Belden stockholders (in usd per share) $ 1.30 $ 1.70 $ 3.39 $ 4.74
Comprehensive income attributable to Belden $ 23,760 $ 93,915 $ 126,175 $ 203,697
Common stock dividends declared per share (in usd per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15