Acquisitions (Tables)

3 Months Ended

Mar. 30, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [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 for Precision as of the acquisition date (in thousands):

Receivables	$	24,191
Inventory	7,098
Other current assets	1,486
Property, plant and equipment	5,330
Intangible assets	194,100
Goodwill	114,097
Operating lease right-of-use assets	2,731
Total assets acquired	$	349,033
Accounts payable	$	11,662
Accrued liabilities	10,143
Deferred income taxes	42,825
Long-term operating lease liabilities	2,468
Other long-term liabilities	222
Total liabilities assumed	$	67,320
Net assets	$	281,713

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:
Developed technologies	$	24,700	5.0
Customer relationships	161,900		20.0
Trademarks	3,000		2.5
Non-compete agreements	4,500		5.0
Total intangible assets subject to amortization	$	194,100
Intangible assets not subject to amortization:
Goodwill	$	114,097	n/a
Total intangible assets not subject to amortization	$	114,097
Total intangible assets	$	308,197
Weighted average amortization period			17.5

Schedule of Pro Forma Information

The following table illustrates the unaudited pro forma effect on operating results as if the Precision acquisition had been completed as of January 1, 2023.

	Three Months Ended
	March 31, 2024
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	574,714
Net income attributable to Belden stockholders	35,393
Diluted income per share attributable to Belden stockholders	$	0.85