View Filing Data

Print Document View Excel Document

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2019	Nov. 01, 2019
Document Information [Line Items]
Entity Registrant Name	BEL FUSE INC /NJ
Entity Central Index Key	0000729580
Trading Symbol	belfa,belfb
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Class A Common Stock ($0.10 par value), Class B Common Stock ($0.10 par value)
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		2,144,912
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		10,128,602

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 64,816	$ 53,911
Accounts receivable, net of allowance for doubtful accounts of $1,975 and $1,638, respectively	79,110	91,939
Inventories	110,209	120,068
Unbilled receivables	14,868	15,799
Other current assets	9,058	8,792
Total current assets	278,061	290,509
Property, plant and equipment, net	42,470	43,932
Right-of-use assets	16,296
Intangible assets, net	57,509	62,689
Goodwill	10,778	19,817
Deferred income taxes	2,283	496
Other assets	26,948	26,081
Total assets	434,345	443,524
Current Liabilities:
Accounts payable	38,890	56,171
Accrued expenses	31,069	32,290
Current portion of long-term debt	4,743	2,508
Operating lease liability, current	6,039
Other current liabilities	5,785	15,061
Total current liabilities	86,526	106,030
Long-term Liabilities:
Long-term debt	107,588	111,705
Operating lease liability, long-term	10,713
Liability for uncertain tax positions	26,464	27,553
Minimum pension obligation and unfunded pension liability	19,346	18,683
Deferred income taxes	1,319	1,161
Other liabilities	11,749	1,922
Total liabilities	263,705	267,054
Commitments and contingencies
Stockholders' Equity:
Preferred stock, no par value, 1,000,000 shares authorized; none issued
Additional paid-in capital	33,206	31,387
Retained earnings	164,252	168,695
Accumulated other comprehensive loss	(28,045)	(24,838)
Total stockholders' equity	170,640	176,470
Total liabilities and stockholders' equity	434,345	443,524
Common Class A [Member]
Stockholders' Equity:
Common stock	214	217
Common Class B [Member]
Stockholders' Equity:
Common stock	$ 1,013	$ 1,009

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accounts receivable, allowance for doubtful accounts	$ 1,975	$ 1,638
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares outstanding (in shares)	2,144,912	2,174,912
Common stock, treasury shares (in shares)	1,072,769	1,072,769
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares outstanding (in shares)	10,132,102	10,092,352
Common stock, treasury shares (in shares)	3,218,307	3,218,307

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 124,479	$ 146,489	$ 377,284	$ 405,451
Cost of sales	102,021	117,282	311,382	326,096
Gross profit	22,458	29,207	65,902	79,355
Selling, general and administrative expenses	17,909	18,691	56,472	57,690
Impairment of goodwill	8,891		8,891
Restructuring charges	281	17	1,651	62
Gain on sale of property			(4,257)
(Loss) Income from operations	(4,623)	10,499	3,145	21,603
Interest expense	(1,305)	(1,391)	(4,126)	(3,917)
Other income (expense), net	28	43	(361)	(479)
(Loss) Earnings before provision for (benefit from) income taxes	(5,900)	9,151	(1,342)	17,207
Provision for (benefit from) income taxes	590	(2,201)	1,049	523
Net (loss) earnings available to common stockholders	(6,490)	11,352	(2,391)	16,684
Common Class A [Member]
Net (loss) earnings available to common stockholders	$ (1,112)	$ 1,942	$ (442)	$ 2,852
Net (loss) earnings per common share:
Common share - basic and diluted, net earnings (in dollars per share)	$ (0.51)	$ 0.89	$ (0.20)	$ 1.31
Weighted-average number of shares outstanding:
Weighted-average number of common shares outstanding - basic and diluted (in shares)	2,173	2,175	2,174	2,175
Common Class B [Member]
Net (loss) earnings available to common stockholders	$ (5,378)	$ 9,410	$ (1,949)	$ 13,832
Net (loss) earnings per common share:
Common share - basic and diluted, net earnings (in dollars per share)	$ (0.53)	$ 0.94	$ (0.19)	$ 1.40
Weighted-average number of shares outstanding:
Weighted-average number of common shares outstanding - basic and diluted (in shares)	10,139	9,972	10,113	9,891

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net (loss) earnings available to common stockholders	$ (6,490)	$ 11,352	$ (2,391)	$ 16,684
Other comprehensive (loss) income:
Currency translation adjustment, net of taxes	(2,561)	(1,032)	(2,854)	(4,463)
Unrealized losses on marketable securities arising during the period, net of taxes		(170)		(201)
Change in unfunded SERP liability, net of taxes	37	85	111	256
Other comprehensive loss	(2,524)	(1,117)	(2,743)	(4,408)
Comprehensive (loss) income	$ (9,014)	$ 10,235	$ (5,134)	$ 12,276

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Currency translation adjustment, tax	$ (13)	$ (16)	$ 17	$ 1	$ (37)	$ 25	$ (12)	$ (11)
Unrealized loss on marketable securities arising during the period, tax	0			(3)		20	0	17
Change in unfunded SERP liability, tax	$ (11)	$ (11)	$ (11)	$ (25)	$ (25)	$ (25)	$ (33)	$ (76)

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Class A [Member] Retained Earnings [Member]	Common Class A [Member] Common Stock [Member]	Common Class A [Member]	Common Class B [Member] Retained Earnings [Member]	Common Class B [Member] Common Stock [Member]	Common Class B [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Additional Paid-in Capital [Member]	Total
Balance at Dec. 31, 2017		$ 217			$ 986		$ 147,807	$ (19,625)	$ 28,575	$ 157,960
Net earnings (loss)							(1,303)			(1,303)
Dividends declared	$ (130)		$ (130)	$ (700)		$ (700)
Forfeiture of restricted common stock					(1)
Forfeiture of restricted common stock, APIC									1
Currency translation adjustment, net of taxes								4,017		4,017
Stock-based compensation expense									779	779
Change in unfunded SERP liability, net of taxes								86		86
Unrealized losses on marketable securities arising during the period, net of taxes								(31)		(31)
Balance at Mar. 31, 2018							149,171	(15,553)		164,175
Balance at Dec. 31, 2017		217			986		147,807	(19,625)	28,575	157,960
Net earnings (loss)			2,852			13,832				16,684
Dividends declared			(391)			(2,079)
Currency translation adjustment, net of taxes										(4,463)
Change in unfunded SERP liability, net of taxes										256
Unrealized losses on marketable securities arising during the period, net of taxes										(201)
Balance at Sep. 30, 2018		217			1,007		165,518	(24,033)	30,602	173,311
Effect of adoption of ASU							3,497			3,497
Balance at Mar. 31, 2018							149,171	(15,553)		164,175
Net earnings (loss)							6,634			6,634
Dividends declared	(131)		(131)	(689)		(689)
Forfeiture of restricted common stock					(1)
Forfeiture of restricted common stock, APIC									1
Currency translation adjustment, net of taxes								(7,448)		(7,448)
Stock-based compensation expense									671	671
Change in unfunded SERP liability, net of taxes								85		85
Balance at Jun. 30, 2018		217			984		154,985	(22,916)	30,027	163,297
Net earnings (loss)			1,942			9,410	11,352			11,352
Dividends declared	(130)		(130)	(689)		(689)
Forfeiture of restricted common stock					(1)
Forfeiture of restricted common stock, APIC									1
Currency translation adjustment, net of taxes								(1,032)		(1,032)
Stock-based compensation expense										598
Change in unfunded SERP liability, net of taxes										85
Issuance of restricted common stock					24				(24)
Unrealized losses on marketable securities arising during the period, net of taxes								(170)		(170)
Balance at Sep. 30, 2018		217			1,007		165,518	(24,033)	30,602	173,311
Balance at Dec. 31, 2018		217			1,009		168,695	(24,838)	31,387	176,470
Net earnings (loss)							1,131			1,131
Dividends declared	(130)		(130)	(708)		(708)
Forfeiture of restricted common stock					(1)
Forfeiture of restricted common stock, APIC									1
Currency translation adjustment, net of taxes								540		540
Stock-based compensation expense									813	813
Change in unfunded SERP liability, net of taxes								37		37
Balance at Mar. 31, 2019		217			1,008		169,451	(24,724)	32,201	178,153
Balance at Dec. 31, 2018		217			1,009		168,695	(24,838)	31,387	176,470
Net earnings (loss)			(442)			(1,949)				(2,391)
Dividends declared			(392)			(2,124)
Currency translation adjustment, net of taxes										(2,854)
Change in unfunded SERP liability, net of taxes										111
Unrealized losses on marketable securities arising during the period, net of taxes
Balance at Sep. 30, 2019		214			1,013		164,252	(28,045)	33,206	170,640
Effect of adoption of ASU							463	(463)
Balance at Mar. 31, 2019		217			1,008		169,451	(24,724)	32,201	178,153
Net earnings (loss)							2,967			2,967
Dividends declared	(131)		(131)	(704)		(704)
Forfeiture of restricted common stock					(1)
Forfeiture of restricted common stock, APIC									1
Currency translation adjustment, net of taxes								(834)		(834)
Stock-based compensation expense									788	788
Change in unfunded SERP liability, net of taxes								37		37
Issuance of restricted common stock					7				(7)
Balance at Jun. 30, 2019		217			1,014		171,583	(25,521)	32,983	180,276
Net earnings (loss)			(1,112)			(5,378)	(6,490)			(6,490)
Dividends declared	$ (131)		$ (131)	$ (710)		$ (710)
Forfeiture of restricted common stock					(1)
Forfeiture of restricted common stock, APIC									1
Currency translation adjustment, net of taxes								(2,561)		(2,561)
Stock-based compensation expense									667	667
Change in unfunded SERP liability, net of taxes								37		37
Repurchase of Class A common stock		(3)							(445)	(448)
Unrealized losses on marketable securities arising during the period, net of taxes
Balance at Sep. 30, 2019		$ 214			$ 1,013		$ 164,252	$ (28,045)	$ 33,206	$ 170,640

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Common Class A [Member]
Dividends declared (in dollars per share)	$ 0.06	$ 0.06	$ 0.06	$ 0.06	$ 0.06	$ 0.06
Common Class B [Member]
Dividends declared (in dollars per share)	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07
Currency translation adjustment, tax	$ (13)	$ (16)	$ 17	$ 1	$ (37)	$ 25
Change in unfunded SERP liability, tax	(11)	$ (11)	$ (11)	(25)	$ (25)	(25)
Unrealized loss on marketable securities arising during the period, tax	$ 0			$ (3)		$ 20

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net (loss) earnings	$ (2,391)	$ 16,684
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Impairment of goodwill	8,891
Depreciation and amortization	12,265	13,738
Stock-based compensation	2,268	2,046
Amortization of deferred financing costs	349	413
Deferred income taxes	(1,765)	1,740
Net unrealized gains on foreign currency revaluation	(478)	(2,396)
Gain on sale of property	(4,257)
Other, net	1,172	963
Changes in operating assets and liabilities:
Accounts receivable, net	12,395	(18,985)
Unbilled receivables	931	(2,017)
Inventories	8,383	(18,844)
Account payable	(16,249)	15,545
Accrued expenses	(874)	1,969
Other operating assets/liabilities, net	(1,712)	(6,687)
Net cash provided by operating activities	18,928	4,169
Cash flows from investing activities:
Purchases of property, plant and equipment	(8,188)	(8,770)
Proceeds from sale of marketable securities within rabbi trust		1,348
Purchase of marketable securities within rabbi trust		(1,348)
Proceeds from disposal/sale of property, plant and equipment	5,787	53
Net cash used in investing activities	(2,401)	(8,717)
Cash flows from financing activities:
Dividends paid to common stockholders	(2,403)	(2,376)
Borrowings under revolving credit line	12,000	7,500
Repayments of revolving credit line	(12,000)	(7,500)
Repayments of long-term debt	(2,231)	(8,268)
Purchase and retirement of Class A common stock	(448)
Net cash used in financing activities	(5,082)	(10,644)
Effect of exchange rate changes on cash and cash equivalents	(540)	134
Net increase (decrease) in cash and cash equivalents	10,905	(15,058)
Cash and cash equivalents - beginning of period	53,911	69,354
Cash and cash equivalents - end of period	64,816	54,296
Supplementary information:
Income taxes, net of refunds received	3,497	6,291
Interest payment	$ 3,815	$ 3,485

Note 1 - Basis of Presentation and Accounting Policies

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Basis of Presentation and Significant Accounting Policies [Text Block]

1.	BASIS OF PRESENTATION AND ACCOUNTING POLICIES

The condensed consolidated balance sheets, statements of operations, comprehensive (loss) income, stockholders’ equity and cash flows for the periods presented herein have been prepared by the Company and are unaudited. In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the consolidated financial position, results of operations and cash flows for all periods presented have been made. The results for the

three

and

nine

months ended

September 30, 2019

are

not

necessarily indicative of the results to be expected for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Bel Fuse Annual Report on Form

-K for the year ended

December 31, 2018

Certain information and footnote disclosures required under accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted from these condensed consolidated financial statements pursuant to the rules and regulations, including the interim reporting requirements, of the U.S. Securities and Exchange Commission (“SEC”). The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our condensed consolidated financial statements and accompanying notes. Actual results could differ from these estimates.

The Company’s significant accounting policies are summarized in Note

of the Company’s Annual Report on Form

-K for the year ended

December 31, 2018

. There were

significant changes to these accounting policies during the

nine

months ended

September 30, 2019

, except as discussed in “Recently Adopted Accounting Standards” below.

All amounts included in the tables to these notes to condensed consolidated financial statements, except per share amounts, are in thousands.

Recently Adopted Accounting Standards

February 2016,

the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)

2016

02,

Leases (Topic

842

) (“ASU

2016

02”

)

, to provide a new comprehensive model for lease accounting. Under this guidance, lessees and lessors should apply a “right-of-use” model in accounting for all leases (including subleases) and eliminate the concept of operating leases and off-balance sheet leases. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. Similar modifications have been made to lessor accounting in-line with revenue recognition guidance. This guidance was effective for annual periods and interim periods within those annual periods beginning after

December 15, 2018.

The amendments also require certain quantitative and qualitative disclosures about leasing arrangements.

The Company adopted ASU

2016

02,

as amended, effective

January 1, 2019

using the modified retrospective approach. In connection with the adoption, we elected to utilize the Comparatives Under

840

Option whereby the Company will continue to present prior period financial statements and disclosures under ASC

840.

In addition, we elected the transition package of

three

practical expedients permitted within the standard, which eliminates the requirements to reassess prior conclusions about lease identification, lease classification and initial direct costs. Further, we elected a short-term lease exception policy, permitting us to

not

apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of

months or less) and an accounting policy to account for lease and non-lease components as a single component for certain classes of assets. We implemented a new lease system to facilitate the requirements of the new standard and completed the necessary changes to our accounting policies, processes, disclosures and internal control over financial reporting.

Adoption of the new standard resulted in the recording of right-of-use assets in the amount of

$20.7

million and lease liabilities related to our operating leases in the amount of

$21.0

million on our consolidated balance sheet as of

January 1, 2019.

The standard did

not

materially affect the Company’s consolidated net earnings or have any impact on cash flows. See Note

13,

Leases

, for Topic

842

disclosures in connection with the adoption of ASU

2016

02.

February 2018,

the FASB issued ASU

2018

02,

Income Statement – Reporting Comprehensive Income (Topic

220

): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income

. This guidance allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act, which was enacted on

December 22, 2017.

This guidance is effective for all entities for fiscal years beginning after

December 15, 2018,

and interim periods within those fiscal years and should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the U.S. Tax Cuts and Jobs Act is recognized. This guidance was adopted by the Company effective

January 1, 2019.

In accordance with this guidance, the Company reclassified

$0.5

million of stranded tax effects from accumulated other comprehensive income to retained earnings within the equity section of the condensed consolidated balance sheet as of

January 1, 2019.

The adoption of this guidance did

not

have a material impact on the Company’s condensed consolidated financial statements.

May 2018,

the FASB issued ASU

2018

07,

Compensation – Stock Compensation (Topic

718

): Improvements to Nonemployee Share-Based Payment Accounting

, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. This guidance will better align the treatment of share-based payments to nonemployees with the requirements for such share-based payments granted to employees. This guidance is effective for all public entities for fiscal years beginning after

December 15, 2018,

including interim periods within that year. This guidance was adopted by the Company effective

January 1, 2019

and did

not

have a material impact on the Company’s condensed consolidated financial statements.

January 2017,

the FASB issued ASU

2017

04,

Intangibles-Goodwill and Other (Topic

350

): Simplifying the Test for Goodwill Impairment

(“ASU

2017

04”

). ASU

2017

simplifies how an entity is required to test goodwill for impairment by eliminating Step

from the goodwill impairment test. Early adoption is permitted for interim and annual goodwill impairment tests performed on testing dates after

January 1, 2017.

The Company elected to early adopt ASU

2017

effective

July 1, 2019,

and accounted for the goodwill impairment charge discussed in Note

under this guidance.

Accounting Standards Issued But

Not

Yet Adopted

June 2016,

the FASB issued ASU

No.

2016

13,

Financial Instruments – Credit Losses (Topic

326

): Measurement of Credit Losses on Financial Instruments (“ASU

2016

13”

)

. The new guidance will broaden the information that an entity must consider in developing its expected credit loss estimates related to its financial instruments and adds to U.S. GAAP an impairment model that is based on expected losses rather than incurred losses. The amendment is currently effective for public entities for annual reporting periods beginning after

December 15, 2019,

with early adoption permitted. Management is currently assessing the impact of ASU

2016

13,

but it is

not

expected to have a material impact on the Company’s condensed consolidated financial statements.

August 2018,

the FASB issued ASU

2018

13,

Fair Value Measurement (Topic

820

): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

. The updated guidance improves the disclosure requirements on fair value measurements. The updated guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after

December 15, 2019.

Early adoption is permitted for any removed or modified disclosures. The Company is currently assessing the timing and impact of adopting the updated provisions.

August 2018,

the FASB issued ASU

2018

14,

Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic

715

): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans (“ASU

2018

14”

)

. This guidance removes certain disclosures that are

not

considered cost beneficial, clarifies certain required disclosures and adds additional disclosures. The standard is effective for fiscal years ending after

December 15, 2020.

The amendments in ASU

2018

would need to be applied on a retrospective basis. The Company is currently assessing the impact the new guidance will have on its disclosures.

August 2018,

the FASB issued ASU

2018

15,

Intangibles – Goodwill and Other-Internal-Use Software (Subtopic

350

): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Cost

. This guidance aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This guidance is effective for interim and annual reporting periods beginning after

December 15, 2019,

and early adoption is permitted. The Company is currently evaluating the impacts that adoption of this ASU will have on its consolidated financial statements.

Note 2 - Revenue

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

REVENUE

The following table provides information about disaggregated revenue by product group and sales channel, and includes a reconciliation of the disaggregated revenue to our reportable segments:

	Three Months Ended September 30, 2019								Nine Months Ended September 30, 2019
	North								North
	America		Asia		Europe		Consolidated		America		Asia		Europe		Consolidated

By Product Group:
Connectivity solutions	$	33,929	$	2,510	$	8,092	$	44,531	$	97,273	$	9,012	$	25,069	$	131,354
Magnetic solutions		8,241		29,576		1,842		39,659		26,662		85,834		6,109		118,605
Power solutions and protection		23,608		7,868		8,813		40,289		73,495		21,709		32,121		127,325
	$	65,778	$	39,954	$	18,747	$	124,479	$	197,430	$	116,555	$	63,299	$	377,284

By Sales Channel:
Direct to customer	$	44,110	$	34,837	$	12,397	$	91,344	$	133,432	$	98,672	$	41,903	$	274,007
Through distribution		21,668		5,117		6,350		33,135		63,998		17,883		21,396		103,277
	$	65,778	$	39,954	$	18,747	$	124,479	$	197,430	$	116,555	$	63,299	$	377,284

	Three Months Ended September 30, 2018								Nine Months Ended September 30, 2018
	North								North
	America		Asia		Europe		Consolidated		America		Asia		Europe		Consolidated

By Product Group:
Connectivity solutions	$	34,919	$	5,293	$	8,314	$	48,526	$	100,797	$	13,533	$	26,043	$	140,373
Magnetic solutions		10,586		40,100		2,286		52,972		28,795		100,769		7,184		136,748
Power solutions and protection		25,149		8,135		11,707		44,991		71,759		23,760		32,811		128,330
	$	70,654	$	53,528	$	22,307	$	146,489	$	201,351	$	138,062	$	66,038	$	405,451

By Sales Channel:
Direct to customer	$	46,802	$	46,965	$	15,184	$	108,951	$	128,754	$	119,294	$	45,368	$	293,416
Through distribution		23,852		6,563		7,123		37,538		72,597		18,768		20,670		112,035
	$	70,654	$	53,528	$	22,307	$	146,489	$	201,351	$	138,062	$	66,038	$	405,451

The balances of the Company’s contract assets and contract liabilities at

September 30, 2019

and

December 31, 2018

are as follows:

	September 30,		December 31,
	2019		2018

Contract assets - current (unbilled receivable)	$	14,868	$	15,799
Contract liabilities - current (deferred revenue)	$	1,004	$	1,036

The change in balance of our unbilled receivables from

December 31, 2018

September 30, 2019

primarily relates to a timing difference between the Company’s performance (i.e. when our product is shipped to a customer-controlled hub) and the point at which the Company can invoice the customer per the terms of the customer contract (i.e. when the customer pulls our product from the customer-controlled hub).

The aggregate amount of transaction price allocated to remaining performance obligations that have

not

been satisfied as of

September 30, 2019

related to contracts that exceed

one

year in duration amounted to

$15.7

million, with expected contract expiration dates that range from

2020

2025

It is expected that

20%

of this aggregate amount will be recognized in

2020,

57%

will be recognized in

2021

and the remainder will be recognized in years beyond

2021

Note 3 - (Loss) Earnings Per Share

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

3.	(LOSS) EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted net (loss) earnings per common share under the

two

-class method for the

three

and

nine

months ended

September 30, 2019

and

2018

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2019			2018		2019			2018

Numerator:
Net (loss) earnings	$	(6,490	)	$	11,352	$	(2,391	)	$	16,684
Less dividends declared:
Class A		131			130		392			391
Class B		710			689		2,124			2,079
Undistributed (loss) earnings	$	(7,331	)	$	10,533	$	(4,907	)	$	14,214

Undistributed (loss) earnings allocation - basic and diluted:
Class A undistributed (loss) earnings	$	(1,243	)	$	1,812	$	(834	)	$	2,461
Class B undistributed (loss) earnings		(6,088	)		8,721		(4,073	)		11,753
Total undistributed (loss) earnings	$	(7,331	)	$	10,533	$	(4,907	)	$	14,214

Net (loss) earnings allocation - basic and diluted:
Class A net (loss) earnings	$	(1,112	)	$	1,942	$	(442	)	$	2,852
Class B net (loss) earnings		(5,378	)		9,410		(1,949	)		13,832
Net (loss) earnings	$	(6,490	)	$	11,352	$	(2,391	)	$	16,684

Denominator:
Weighted-average shares outstanding:
Class A - basic and diluted		2,173			2,175		2,174			2,175
Class B - basic and diluted		10,139			9,972		10,113			9,891

Net (loss) earnings per share:
Class A - basic and diluted	$	(0.51	)	$	0.89	$	(0.20	)	$	1.31
Class B - basic and diluted	$	(0.53	)	$	0.94	$	(0.19	)	$	1.40

Note 4 - Fair Value Measurements

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Fair Value Disclosures [Text Block]

4.	FAIR VALUE MEASUREMENTS

Fair value is defined as an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants based upon the best use of the asset or liability at the measurement date. Entities are required to use a fair value hierarchy which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. There are

three

levels of inputs that

may

be used to measure fair value:

Level

– Observable inputs such as quoted market prices in active markets;

Level

– Inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level

– Unobservable inputs about which little or

market data exists, therefore requiring an entity to develop its own assumptions.

As of

September 30, 2019

and

December 31, 2018

, our available-for-sale securities primarily consisted of investments held in a rabbi trust which are intended to fund the Company’s Supplemental Executive Retirement Plan (“SERP”) obligations. These securities are measured at fair value using quoted prices in active markets for identical assets (Level

) inputs and amounted to

$1.2

million at

September 30, 2019

and

$1.4

million at

December 31, 2018

. The Company does

not

have any financial assets measured at fair value on a recurring basis categorized as Level

and there were

transfers in or out of Level

Level

or Level

during the

nine

months ended

September 30, 2019

September 30, 2018

. There were

changes to the Company’s valuation techniques used to measure asset fair values on a recurring or nonrecurring basis during the

nine

months ended

September 30, 2019

September 30, 2018

There were

financial assets accounted for at fair value on a nonrecurring basis as of

September 30, 2019

December 31, 2018

The Company has other financial instruments, such as cash and cash equivalents, accounts receivable, restricted cash, accounts payable and accrued expenses, which are

not

measured at fair value on a recurring basis but are recorded at amounts that approximate fair value due to their liquid or short-term nature. The fair value of the Company’s long-term debt is estimated using a discounted cash flow method based on interest rates that are currently available for debt issuances with similar terms and maturities. At

September 30, 2019

and

December 31, 2018

, the estimated fair value of total debt was

$116.8

million and

$117.9

million, respectively, compared to a carrying amount of

$112.3

million and

$114.2

million, respectively. The Company did

not

have any other financial liabilities within the scope of the fair value disclosure requirements as of

September 30, 2019

Nonfinancial assets and liabilities, such as goodwill, indefinite-lived intangible assets and long-lived assets, are accounted for at fair value on a nonrecurring basis. These items are tested for impairment upon the occurrence of a triggering event. We review goodwill for impairment on a reporting unit basis annually during the

fourth

quarter of each year and whenever events or changes in circumstances indicate the carrying value of goodwill

may

not

be recoverable. As weakened market conditions from earlier in

2019

continued into the

third

quarter without a visible rebound in incoming orders, the Company’s actual revenue and margin levels in

2019

were significantly lower than the financial projections utilized in the annual goodwill impairment analysis (performed as of

October 1, 2018),

and were

not

projected to rebound to those levels in

2019.

The Company determined that current business conditions, and the resulting decrease in the Company’s projected undiscounted and discounted cash flows, together with the accompanying stock price decline, constituted a triggering event, which required the Company to perform interim impairment tests related to its long-lived assets and goodwill during the

third

quarter of

2019.

The Company’s interim test on its long-lived assets indicated that the carrying value of its long-lived assets was recoverable and that

impairment existed as of the

July 31, 2019

testing date.

The Company’s Level

fair value analysis related to the interim test for goodwill impairment was supported by a weighting of

two

generally accepted valuation approaches, the income approach and the market approach, as further described in the Company’s Annual Report on Form

-K for the year ended

December 31, 2018.

These approaches include numerous assumptions with respect to future circumstances, such as industry and/or local market conditions, which might directly impact each of the reporting units’ operations in the future, and are therefore uncertain. These approaches are utilized to develop a range of fair values and a weighted average of these approaches is utilized to determine the best fair value estimate within that range.

The

July 31, 2019

interim impairment test related to the Company's goodwill was performed by reporting unit (North America and Europe). The valuation test, which heavily weights future discounted cash flow projections, indicated impairment of the goodwill associated with the Company’s North America reporting unit. As a result, the Company recorded a non-cash goodwill impairment charge of

$8.9

million (

$8.5

million after-tax) during the

third

quarter of

2019.

The Company’s goodwill associated with its North America reporting unit originated from several of Bel’s prior acquisitions, primarily Power Solutions and Connectivity Solutions. The carrying value of the Company's goodwill was

$19.8

million at

December 31, 2018.

The remaining goodwill as of

September 30, 2019

has a carrying value of

$10.8

million related solely to the Company's Europe reporting unit. See Note

Goodwill.

Detailed below is a table of key underlying assumptions utilized in the fair value estimate calculation for the interim test performed as of

July 31, 2019

as compared to those assumptions utilized during the annual valuation performed as of

October 1, 2018.

The table below shows the assumptions utilized for the North America reporting unit.

	Goodwill Impairment Analysis
	Key Assumptions
	2019 - Interim			2018 - Annual

Income Approach - Discounted Cash Flows:
Revenue 5-year compound annual growth rate (CAGR)		1.5	%		2.6	%
2019 EBITDA margins		3.9	%		7.6	%
Cost of equity capital		15.4	%		14.2	%
Cost of debt capital		4.0	%		3.7	%
Weighted average cost of capital		14.0	%		13.0	%

Market Approach - Multiples of Guideline Companies:
Net operating revenue multiples used		0.3			0.4
Operating EBITDA multiples used		7.0 - 8.0			5.1 - 5.7
Invested capital control premium		25	%		25	%

Weighting of Valuation Methods:
Income Approach - Discounted Cash Flows		75	%		75	%
Market Approach - Multiples of Guideline Companies		25	%		25	%

The Company had also performed an interim impairment analysis of its indefinite-lived intangible assets as of

July 31, 2019.

The Company tests indefinite-lived intangible assets for impairment using a fair value approach, the relief-from-royalty method (a form of the income approach). At

December 31, 2018,

the Company’s indefinite-lived intangible assets related to the trademarks acquired in the Power Solutions, Connectivity Solutions, Cinch and Fibreco acquisitions. The Company's interim test on its indefinite-lived intangible assets indicated that the carrying value of its long-lived assets was recoverable and that

impairment existed as of the

July 31, 2019

testing date.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note 5 - Goodwill

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Goodwill Disclosure [Text Block]

GOODWILL

The changes in the carrying value of goodwill classified by reportable operating segment for the

nine

months ended

September 30, 2019

are as follows:

	Total			North America			Asia			Europe

Balance at January 1, 2019
Goodwill, gross	$	148,408		$	63,364		$	54,508		$	30,536
Accumulated impairment charges		(128,591	)		(54,473	)		(54,508	)		(19,610	)
Goodwill, net		19,817			8,891			-			10,926

Impairment charge (see Note 4)		(8,891	)		(8,891	)		-			-
Foreign currency translation		(122	)		-			-			(122	)
Measurement period adjustment		(26	)		-			-			(26	)

Balance at September 30, 2019:
Goodwill, gross		148,260			63,364			54,508			30,388
Accumulated impairment charges		(137,482	)		(63,364	)		(54,508	)		(19,610	)
Goodwill, net	$	10,778		$	-		$	-		$	10,778

Note 6 - Inventories

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

6.	INVENTORIES

The components of inventories are as follows:

	September 30,		December 31,
	2019		2018
Raw materials	$	50,431	$	63,348
Work in progress		28,514		21,441
Finished goods		31,264		35,279
Inventories	$	110,209	$	120,068

Note 7 - Property, Plant and Equipment

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7.	PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	September 30,			December 31,
	2019			2018
Land	$	1,426		$	2,251
Buildings and improvements		29,341			30,119
Machinery and equipment		128,766			126,747
Construction in progress		6,363			4,687
		165,896			163,804
Accumulated depreciation		(123,426	)		(119,872	)
Property, plant and equipment, net	$	42,470		$	43,932

Depreciation expense for the

three

months ended

September 30, 2019

and

2018

was

$2.5

million and

$2.8

million, respectively. Depreciation expense for the

nine

months ended

September 30, 2019

and

2018

was

$7.5

million and

$8.9

million, respectively. Depreciation expense related to our manufacturing facilities and equipment is included in cost of sales and depreciation expense associated with administrative facilities and office equipment is included in selling, general and administrative expense within the accompanying condensed consolidated statements of operations.

During the

second

quarter of

2019

, the Company transitioned its manufacturing and warehousing operations from its Inwood, New York facility to Bel’s existing facilities in Glen Rock, Pennsylvania and the Dominican Republic. In connection with this transition, the Company sold its Inwood, New York property during the

second

quarter of

2019

, which resulted in net proceeds of

$5.8

million. The accompanying condensed consolidated statements of operations for the

nine

months ended

September 30, 2019

includes a related gain on sale of

$4.3

million (pre-tax).

Note 8 - Accrued Expenses

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

8.	ACCRUED EXPENSES

Accrued expenses consist of the following:

	September 30,		December 31,
	2019		2018
Sales commissions	$	2,503	$	2,609
Subcontracting labor		914		1,550
Salaries, bonuses and related benefits		15,808		18,275
Warranty accrual		1,577		1,078
Other		10,267		8,778
	$	31,069	$	32,290

The change in warranty accrual during the

nine

months ended

September 30, 2019

primarily related to repair costs incurred and adjustments to pre-existing warranties. There were

new material warranty charges incurred during the

nine

months ended

September 30, 2019

Restructuring Activities

Included within other accrued expenses in the table above are costs accrued related to the Company’s restructuring activities. Activity and liability balances related to restructuring costs for the

nine

months ended

September 30, 2019

are as follows:

			Nine Months Ended
			September 30, 2019
	Liability at				Cash Payments			Liability at
	December 31,		New		and Other			September 30,
	2018		Charges		Settlements			2019
Severance costs	$	-	$	663	$	(663	)	$	-
Other restructuring costs		-		988		(943	)		45
Total	$	-	$	1,651	$	(1,606	)	$	45

During the

nine

months ended

September 30, 2019

, the Company’s restructuring charges included

$1.1

million of costs associated with the Company’s decision to transition manufacturing and warehousing operations from our Inwood, New York facility to other existing Bel facilities. The balance of the restructuring charges related to the realignment of our R&D resources dedicated to our Power Solutions and Protection group and other restructuring activities in Asia.

Note 9 - Debt

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Debt Disclosure [Text Block]

DEBT

The Company has a Credit and Security Agreement with KeyBank National Association (as amended, the “CSA”). The CSA consists of (i) a term loan, with outstanding borrowings of

$113.8

million and

$116.0

million at

September 30, 2019

and

December 31, 2018

, respectively and (ii) a

$75

million revolving credit facility (“Revolver”), with

outstanding borrowings at

September 30, 2019

December 31, 2018

. The CSA has a maturity date of

December 11, 2022.

September 30, 2019

and

December 31, 2018

, the carrying value of the debt on the condensed consolidated balance sheet is reflected net of

$1.4

million and

$1.8

million, respectively, of deferred financing costs. During the

nine

months ended

September 30, 2019

, the Company borrowed

$12.0

million from its revolver, all of which was repaid by

September 30, 2019

The weighted-average interest rate in effect was

3.81%

September 30, 2019

and

4.31%

December 31, 2018

and consisted of LIBOR plus the Company’s credit spread, as determined per the terms of the CSA. The Company incurred

$1.3

million and

$1.4

million of interest expense during the

three

months ended

September 30, 2019

and

September 30, 2018

, respectively, and

$4.1

million and

$3.9

million of interest expense during the

nine

months ended

September 30, 2019

and

September 30, 2018

, respectively.

The CSA contains customary representations and warranties, covenants and events of default and financial covenants that measure (i) the ratio of the Company's total funded indebtedness, on a consolidated basis, to the amount of the Company’s consolidated EBITDA, as defined, (“Leverage Ratio”) and (ii) the ratio of the amount of the Company’s consolidated EBITDA to the Company’s consolidated fixed charges. If an event of default occurs, the lenders under the CSA would be entitled to take various actions, including the acceleration of amounts due thereunder and all actions permitted to be taken by a secured creditor. At

September 30, 2019

, the Company was in compliance with its debt covenants, including its most restrictive covenant, the Fixed Charge Coverage Ratio.

Note 10 - Income Taxes

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

10.	INCOME TAXES

The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. The Company is

longer subject to U.S. federal examinations by tax authorities for years before

2016

and for state examinations before

2013.

Regarding foreign subsidiaries, the Company is

longer subject to examination by tax authorities for years before

2008

in Asia and generally

2011

in Europe. The Company is currently under examination by the taxing authorities in Slovakia for the tax year

2014.

As a result of the expiration of the statutes of limitations for specific jurisdictions, it is reasonably possible that the related unrecognized benefits for tax positions taken regarding previously filed tax returns

may

change materially from those recorded as liabilities for uncertain tax positions in the Company’s consolidated financial statements at

September 30, 2019

. The Company’s liabilities for uncertain tax positions totaled

$28.6

million and

$28.9

million at

September 30, 2019

and

December 31, 2018

, respectively, of which

$2.1

million and

$1.4

million is included in other current liabilities at

September 30, 2019

and

December 31, 2018

, respectively. These amounts, if recognized, would reduce the Company’s effective tax rate. As of

September 30, 2019

, approximately

$2.1

million of the Company’s liabilities for uncertain tax positions are expected to be resolved during

2019

by way of expiration of the related statute of limitations.

The Company’s policy is to recognize interest and penalties related to uncertain tax positions as a component of the current provision for income taxes. During the

nine

months ended

September 30, 2019

and

2018

, the Company recognized

$0.5

million and

$0.7

million, respectively, in interest and penalties in the condensed consolidated statements of operations. During the

nine

months ended

September 30, 2019

and

2018

, the Company recognized a benefit of

$0.7

million and a benefit of

$0.3

million, respectively, for the reversal of such interest and penalties, relating to the settlement of the liability for uncertain tax positions. The Company has approximately

$4.7

million and

$3.8

million accrued for the payment of interest and penalties at

September 30, 2019

and

December 31, 2018

, respectively, which is included in both income taxes payable and liability for uncertain tax positions in the condensed consolidated balance sheets.

The Company continues to monitor the impacts of the U.S. tax reform and supplementary guidance as it becomes available. At

December 31, 2018

, the remaining balance of the deemed repatriation tax was included in other current liabilities on the Company’s condensed consolidated balance sheet. At

September 30, 2019

, the majority of the deemed repatriation tax is included in other long-term liabilities on the Company's condensed consolidated balance sheet due to clarification of an Internal Revenue Service notice received in

December

2018

Note 11 - Retirement Fund and Profit Sharing Plan

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

11.	RETIREMENT FUND AND PROFIT SHARING PLAN

The Company maintains the Bel Fuse Inc. Employees’ Savings Plan, a defined contribution plan that is intended to meet the applicable requirements for tax-qualification under sections

401

(a) and (k) of the Internal Revenue Code of

1986,

as amended (the “Code”). The expense for the

three

months ended

September 30, 2019

and

2018

amounted to

$0.3

million in both periods. The expense for the

nine

months ended

September 30, 2019

and

2018

amounted to

$0.8

million in both periods. The Company’s matching contribution is made in the form of Bel Fuse Inc. Class A common stock. As of

September 30, 2019

, the plan owned

153,352

and

109,442

shares of Bel Fuse Inc. Class A and Class B common stock, respectively.

The Company's subsidiaries in Asia have a retirement fund covering substantially all of their Hong Kong based full-time employees. The expense for the

three

months ended

September 30, 2019

and

2018

amounted to

$0.1

million in both periods. The expense for the

nine

months ended

September 30, 2019

and

2018

amounted to

$0.3

million in both periods. As of

September 30, 2019

, the plan owned

3,323

and

17,342

shares of Bel Fuse Inc. Class A and Class B common stock, respectively.

The Company maintains a SERP, which is designed to provide a limited group of key management and other key employees of the Company with supplemental retirement and death benefits. As discussed in Note

above, the Company has investments in a rabbi trust which are intended to fund the obligations of the SERP.

The components of SERP expense are as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Service cost	$	144	$	183	$	432	$	549
Interest cost		185		166		555		498
Net amortization		48		111		144		332
Net periodic benefit cost	$	377	$	460	$	1,131	$	1,379

The service cost component of net benefit cost is presented within cost of sales or selling, general and administrative expense on the accompanying condensed consolidated statements of operations, in accordance with where compensation cost for the related associate is reported. All other components of net benefit cost, including interest cost and net amortization noted above, are presented within other income/expense, net in the accompanying condensed consolidated statements of operations.

The following amounts are recognized net of tax in accumulated other comprehensive loss:

	September 30,		December 31,
	2019		2018
Prior service cost	$	783	$	918
Net loss		1,968		1,977
	$	2,751	$	2,895

Note 12 - Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

12.	ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss at

September 30, 2019

and

December 31, 2018

are summarized below:

	September 30,			December 31,
	2019			2018

Foreign currency translation adjustment, net of taxes of ($739) at September 30, 2019 and ($751) at December 31, 2018	$	(25,489	)	$	(22,635	)
Unrealized holding gains on available-for-sale securities, net of taxes of $0 at September 30, 2019 and $0 at December 31, 2018		12			12
Unfunded SERP liability, net of taxes of ($184) at September 30, 2019 and ($680) at December 31, 2018		(2,568	)		(2,215	)

Accumulated other comprehensive loss	$	(28,045	)	$	(24,838	)

Changes in accumulated other comprehensive loss by component during the

nine

months ended

September 30, 2019

are as follows. All amounts are net of tax.

				Unrealized Holding
	Foreign Currency			Gains on
	Translation			Available-for-		Unfunded
	Adjustment			Sale Securities		SERP Liability				Total

Balance at January 1, 2019	$	(22,635	)	$	12	$	(2,215	)		$	(24,838	)
Other comprehensive (loss) income before reclassifications		(2,854	)		-		16				(2,838	)
Amount reclassified from accumulated other comprehensive loss		-			-		94		(a)		94
Net current period other comprehensive (loss) income		(2,854	)		-		110				(2,744	)

Effect of adoption of ASU 2018-02 (Topic 220)		-			-		(463	)			(463	)
Balance at September 30, 2019	$	(25,489	)	$	12	$	(2,568	)		$	(28,045	)

(a) This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP Plan. This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment classification of the plan participants.

Note 13 - Leases

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

13.

LEASES

The Company has operating leases for its facilities used for manufacturing, research and development, sales and administration. There are also operating and finance leases related to manufacturing equipment, office equipment and vehicles. These leases have remaining lease terms ranging from

year to

years. Certain of the leases contain options to extend the term of the lease and certain of the leases contain options to terminate the lease within a specified period of time. These options to extend or terminate a lease are included in the lease term only when it is reasonably likely that the Company will elect that option. The Company is

not

a party to any material sublease arrangements.

The components of lease expense, which are included in cost of sales and selling, general and administrative expense, based on the underlying use of the ROU asset, were as follows:

	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
Amortization of ROU assets - finance leases	$	33	$	100
Interest on lease liabilities - finance leases		12		36
Operating lease cost (cost resulting from lease payments)		1,950		5,931
Short-term lease cost		1		101
Variable lease cost (cost excluded from lease payments)		64		194
Sublease income		-		-
Total lease cost	$	2,060	$	6,362

Supplemental cash flow information related to leases are as follows:

	Nine Months Ended
	September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,958
Operating cash flows from finance leases		36
Finance cash flows from finance leases		86
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		21,783
Finance leases		-

Supplemental balance sheet information related to leases was as follows:

	September 30, 2019
Operating Leases:
Operating lease right-of-use assets	$	16,296
Operating lease liability, current		6,039
Operating lease liability, long-term		10,713
Total operating lease liabilities		16,752

Finance Leases:
Property, plant and equipment, gross	$	860
Accumulated depreciation		(225	)
Property, plant and equipment, net		635
Other current liabilities		97
Other long-term liabilities		529
Total finance lease liabilities	$	626

	September 30, 2019
Weighted-Average Remaining Lease Term:
Operating leases (in years)	3.22
Finance leases (in years)	5.1

Weighted-Average Discount Rate:
Operating leases	6.0	%
Finance leases	6.5	%

Our discount rate is based on our incremental borrowing rate, as adjusted based on the geographic regions in which our leases assets are located.

Maturities of lease liabilities were as follows as of

September 30, 2019

Year Ending	Operating			Finance
September 30,	Leases			Leases
2020	$	6,712		$	160
2021		5,310			159
2022		3,681			159
2023		2,031			159
2024		326			159
Thereafter		438			26
Total undiscounted cash flows		18,498			822
Less imputed interest		(1,746	)		(196	)
Present value of lease liabilities	$	16,752		$	626

As of

September 30, 2019

, the Company did

not

have any additional operating or financing leases that have

not

yet commenced.

Note 14 - Commitments and Contingencies

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

14.	COMMITMENTS AND CONTINGENCIES

Legal Proceedings

The Company is party to a number of legal actions and claims,

none

of which individually or in the aggregate, in the opinion of management, are expected to have a material adverse effect on the Company’s consolidated results of operations or financial position.

In connection with the acquisition of Power Solutions, there is an ongoing claim by the Arezzo Revenue Agency in Italy concerning certain tax matters related to what was then Power-One Asia Pacific Electronics Shenzhen Co. Ltd. (now Bel Power Solutions Asia Pacific Electronics Shenzhen Co. Ltd, or “BPS China”) for the years

2004

2006.

September 2012,

the Tax Court of Arezzo ruled in favor of BPS China and cancelled the claim. In

February 2013,

the Arezzo Revenue Agency filed an appeal of the Tax Court’s ruling. The hearing of the appeal was held on

October 2, 2014.

October 13, 2014,

BPS China was informed of the Regional Tax Commission of Florence ruling which was in favor of the Arezzo Revenue Agency and against BPS China. An appeal was filed on

July 18, 2015

before the Regional Tax Commission of Florence and rejected. On

December 5, 2016,

the Arezzo Revenue Agency filed an appeal with the Supreme Court and BPS China filed a counter-appeal on

January 4, 2017.

The Supreme Court has yet to render its judgment. The estimated liability related to this matter is approximately

$12.0

million and has been included as a liability for uncertain tax positions on the accompanying condensed consolidated balance sheets. As Bel is fully indemnified in this matter per the terms of the stock purchase agreement with ABB, a corresponding other asset for indemnification is also included in other assets on the accompanying condensed consolidated balance sheets at

September 30, 2019

and

December 31, 2018

The Company is

not

a party to any other legal proceeding, the adverse outcome of which is likely to have a material adverse effect on the Company's consolidated financial condition or results of operations.

Note 15 - Segments

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

15.

SEGMENTS

The Company operates in

one

industry with

three

reportable operating segments, which are geographic in nature. The segments consist of North America, Asia and Europe. The primary criteria by which financial performance is evaluated and resources are allocated are net sales and income from operations. The following is a summary of key financial data:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Net Sales to External Customers:
North America	$	65,778		$	70,654		$	197,430		$	201,351
Asia		39,954			53,528			116,555			138,062
Europe		18,747			22,307			63,299			66,038
	$	124,479		$	146,489		$	377,284		$	405,451

Net Sales:
North America	$	68,190		$	73,932		$	205,113		$	211,105
Asia		59,561			78,008			184,933			204,152
Europe		23,761			25,398			76,359			77,341
Less intercompany net sales		(27,033	)		(30,849	)		(89,121	)		(87,147	)
	$	124,479		$	146,489		$	377,284		$	405,451

(Loss) Income from Operations:
North America	$	(8,406	)	$	3,360		$	(6,526	)	$	6,021
Asia		2,463			5,753			3,746			10,987
Europe		1,320			1,386			5,925			4,595
	$	(4,623	)	$	10,499		$	3,145		$	21,603

Net Sales

– Segment net sales are attributed to individual segments based on the geographic source of the billing for such customer sales. Intercompany sales include finished products manufactured in foreign countries which are then transferred to the United States and Europe for sale; finished goods manufactured in the United States which are transferred to Europe and Asia for sale; and semi-finished components manufactured in the United States which are sold to Asia for further processing.

Goodwill Impairment

- As discussed in Note

Fair Value Measurements, the Company recorded an

$8.9

million non-cash impairment charge related to its North America goodwill in the

third

quarter of

2019.

This charge impacted income from operations for the North America segment in the

three

- and

nine

-month periods ended

September 30, 2019.

(Loss) income from operations represents net sales less operating costs and expenses and does

not

include any amounts related to intercompany transactions.

Note 16 - Subsequent Event

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Subsequent Events [Text Block]

16.	SUBSEQUENT EVENT

November 11, 2019,

the Company entered into an Asset Purchase Agreement with CUI Global Inc. (the "Seller") to acquire the majority of the power supply products business of the Seller ("CUI Power") at an aggregate purchase price of

$32.0

million, subject to working capital adjustments. The acquisition, which is subject to customary closing conditions, is expected to close in the

fourth

quarter of

2019

and will be funded with cash on hand, some or all of which

may

be sourced from the Company's revolving credit facility. CUI Power designs and markets a broad portfolio of AC/DC and DC/DC power supplies and board level components. CUI Power is headquartered in Tualatin, Oregon and had trailing-

twelve

month sales through

September 30, 2019

of approximately

$37.0

million.

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Sep. 30, 2019
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016 - 02, Leases (Topic 842 ) (“ASU 2016 - 02” ) , to provide a new comprehensive model for lease accounting. Under this guidance, lessees and lessors should apply a “right-of-use” model in accounting for all leases (including subleases) and eliminate the concept of operating leases and off-balance sheet leases. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. Similar modifications have been made to lessor accounting in-line with revenue recognition guidance. This guidance was effective for annual periods and interim periods within those annual periods beginning after December 15, 2018. The amendments also require certain quantitative and qualitative disclosures about leasing arrangements. The Company adopted ASU 2016 - 02, as amended, effective January 1, 2019 using the modified retrospective approach. In connection with the adoption, we elected to utilize the Comparatives Under 840 Option whereby the Company will continue to present prior period financial statements and disclosures under ASC 840. In addition, we elected the transition package of three practical expedients permitted within the standard, which eliminates the requirements to reassess prior conclusions about lease identification, lease classification and initial direct costs. Further, we elected a short-term lease exception policy, permitting us to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less) and an accounting policy to account for lease and non-lease components as a single component for certain classes of assets. We implemented a new lease system to facilitate the requirements of the new standard and completed the necessary changes to our accounting policies, processes, disclosures and internal control over financial reporting. Adoption of the new standard resulted in the recording of right-of-use assets in the amount of $20.7 million and lease liabilities related to our operating leases in the amount of $21.0 million on our consolidated balance sheet as of January 1, 2019. The standard did not materially affect the Company’s consolidated net earnings or have any impact on cash flows. See Note 13, Leases , for Topic 842 disclosures in connection with the adoption of ASU 2016 - 02. In February 2018, the FASB issued ASU 2018 - 02, Income Statement – Reporting Comprehensive Income (Topic 220 ): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This guidance allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act, which was enacted on December 22, 2017. This guidance is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years and should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the U.S. Tax Cuts and Jobs Act is recognized. This guidance was adopted by the Company effective January 1, 2019. In accordance with this guidance, the Company reclassified $0.5 million of stranded tax effects from accumulated other comprehensive income to retained earnings within the equity section of the condensed consolidated balance sheet as of January 1, 2019. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements. In May 2018, the FASB issued ASU 2018 - 07, Compensation – Stock Compensation (Topic 718 ): Improvements to Nonemployee Share-Based Payment Accounting , which simplifies the accounting for share-based payments granted to nonemployees for goods and services. This guidance will better align the treatment of share-based payments to nonemployees with the requirements for such share-based payments granted to employees. This guidance is effective for all public entities for fiscal years beginning after December 15, 2018, including interim periods within that year. This guidance was adopted by the Company effective January 1, 2019 and did not have a material impact on the Company’s condensed consolidated financial statements. In January 2017, the FASB issued ASU 2017 - 04, Intangibles-Goodwill and Other (Topic 350 ): Simplifying the Test for Goodwill Impairment (“ASU 2017 - 04” ). ASU 2017 - 04 simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Early adoption is permitted for interim and annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company elected to early adopt ASU 2017 - 04 effective July 1, 2019, and accounted for the goodwill impairment charge discussed in Note 4 under this guidance. Accounting Standards Issued But Not Yet Adopted In June 2016, the FASB issued ASU No. 2016 - 13, Financial Instruments – Credit Losses (Topic 326 ): Measurement of Credit Losses on Financial Instruments (“ASU 2016 - 13” ) . The new guidance will broaden the information that an entity must consider in developing its expected credit loss estimates related to its financial instruments and adds to U.S. GAAP an impairment model that is based on expected losses rather than incurred losses. The amendment is currently effective for public entities for annual reporting periods beginning after December 15, 2019, with early adoption permitted. Management is currently assessing the impact of ASU 2016 - 13, but it is not expected to have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018 - 13, Fair Value Measurement (Topic 820 ): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . The updated guidance improves the disclosure requirements on fair value measurements. The updated guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for any removed or modified disclosures. The Company is currently assessing the timing and impact of adopting the updated provisions. In August 2018, the FASB issued ASU 2018 - 14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715 - 20 ): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans (“ASU 2018 - 14” ) . This guidance removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and adds additional disclosures. The standard is effective for fiscal years ending after December 15, 2020. The amendments in ASU 2018 - 14 would need to be applied on a retrospective basis. The Company is currently assessing the impact the new guidance will have on its disclosures. In August 2018, the FASB issued ASU 2018 - 15, Intangibles – Goodwill and Other-Internal-Use Software (Subtopic 350 - 40 ): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Cost . This guidance aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This guidance is effective for interim and annual reporting periods beginning after December 15, 2019, and early adoption is permitted. The Company is currently evaluating the impacts that adoption of this ASU will have on its consolidated financial statements.

Note 2 - Revenue (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Disaggregation of Revenue [Table Text Block]

	Three Months Ended September 30, 2019								Nine Months Ended September 30, 2019
	North								North
	America		Asia		Europe		Consolidated		America		Asia		Europe		Consolidated

By Product Group:
Connectivity solutions	$	33,929	$	2,510	$	8,092	$	44,531	$	97,273	$	9,012	$	25,069	$	131,354
Magnetic solutions		8,241		29,576		1,842		39,659		26,662		85,834		6,109		118,605
Power solutions and protection		23,608		7,868		8,813		40,289		73,495		21,709		32,121		127,325
	$	65,778	$	39,954	$	18,747	$	124,479	$	197,430	$	116,555	$	63,299	$	377,284

By Sales Channel:
Direct to customer	$	44,110	$	34,837	$	12,397	$	91,344	$	133,432	$	98,672	$	41,903	$	274,007
Through distribution		21,668		5,117		6,350		33,135		63,998		17,883		21,396		103,277
	$	65,778	$	39,954	$	18,747	$	124,479	$	197,430	$	116,555	$	63,299	$	377,284

	Three Months Ended September 30, 2018								Nine Months Ended September 30, 2018
	North								North
	America		Asia		Europe		Consolidated		America		Asia		Europe		Consolidated

By Product Group:
Connectivity solutions	$	34,919	$	5,293	$	8,314	$	48,526	$	100,797	$	13,533	$	26,043	$	140,373
Magnetic solutions		10,586		40,100		2,286		52,972		28,795		100,769		7,184		136,748
Power solutions and protection		25,149		8,135		11,707		44,991		71,759		23,760		32,811		128,330
	$	70,654	$	53,528	$	22,307	$	146,489	$	201,351	$	138,062	$	66,038	$	405,451

By Sales Channel:
Direct to customer	$	46,802	$	46,965	$	15,184	$	108,951	$	128,754	$	119,294	$	45,368	$	293,416
Through distribution		23,852		6,563		7,123		37,538		72,597		18,768		20,670		112,035
	$	70,654	$	53,528	$	22,307	$	146,489	$	201,351	$	138,062	$	66,038	$	405,451

Contract with Customer, Asset and Liability [Table Text Block]

	September 30,		December 31,
	2019		2018

Contract assets - current (unbilled receivable)	$	14,868	$	15,799
Contract liabilities - current (deferred revenue)	$	1,004	$	1,036

Note 3 - (Loss) Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2019			2018		2019			2018

Numerator:
Net (loss) earnings	$	(6,490	)	$	11,352	$	(2,391	)	$	16,684
Less dividends declared:
Class A		131			130		392			391
Class B		710			689		2,124			2,079
Undistributed (loss) earnings	$	(7,331	)	$	10,533	$	(4,907	)	$	14,214

Undistributed (loss) earnings allocation - basic and diluted:
Class A undistributed (loss) earnings	$	(1,243	)	$	1,812	$	(834	)	$	2,461
Class B undistributed (loss) earnings		(6,088	)		8,721		(4,073	)		11,753
Total undistributed (loss) earnings	$	(7,331	)	$	10,533	$	(4,907	)	$	14,214

Net (loss) earnings allocation - basic and diluted:
Class A net (loss) earnings	$	(1,112	)	$	1,942	$	(442	)	$	2,852
Class B net (loss) earnings		(5,378	)		9,410		(1,949	)		13,832
Net (loss) earnings	$	(6,490	)	$	11,352	$	(2,391	)	$	16,684

Denominator:
Weighted-average shares outstanding:
Class A - basic and diluted		2,173			2,175		2,174			2,175
Class B - basic and diluted		10,139			9,972		10,113			9,891

Net (loss) earnings per share:
Class A - basic and diluted	$	(0.51	)	$	0.89	$	(0.20	)	$	1.31
Class B - basic and diluted	$	(0.53	)	$	0.94	$	(0.19	)	$	1.40

Note 4 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill [Member]

Notes Tables

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	Goodwill Impairment Analysis
	Key Assumptions
	2019 - Interim			2018 - Annual

Income Approach - Discounted Cash Flows:
Revenue 5-year compound annual growth rate (CAGR)		1.5	%		2.6	%
2019 EBITDA margins		3.9	%		7.6	%
Cost of equity capital		15.4	%		14.2	%
Cost of debt capital		4.0	%		3.7	%
Weighted average cost of capital		14.0	%		13.0	%

Market Approach - Multiples of Guideline Companies:
Net operating revenue multiples used		0.3			0.4
Operating EBITDA multiples used		7.0 - 8.0			5.1 - 5.7
Invested capital control premium		25	%		25	%

Weighting of Valuation Methods:
Income Approach - Discounted Cash Flows		75	%		75	%
Market Approach - Multiples of Guideline Companies		25	%		25	%

Note 5 - Goodwill (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Goodwill [Table Text Block]

	Total			North America			Asia			Europe

Balance at January 1, 2019
Goodwill, gross	$	148,408		$	63,364		$	54,508		$	30,536
Accumulated impairment charges		(128,591	)		(54,473	)		(54,508	)		(19,610	)
Goodwill, net		19,817			8,891			-			10,926

Impairment charge (see Note 4)		(8,891	)		(8,891	)		-			-
Foreign currency translation		(122	)		-			-			(122	)
Measurement period adjustment		(26	)		-			-			(26	)

Balance at September 30, 2019:
Goodwill, gross		148,260			63,364			54,508			30,388
Accumulated impairment charges		(137,482	)		(63,364	)		(54,508	)		(19,610	)
Goodwill, net	$	10,778		$	-		$	-		$	10,778

Note 6 - Inventories (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Inventory, Current [Table Text Block]

	September 30,		December 31,
	2019		2018
Raw materials	$	50,431	$	63,348
Work in progress		28,514		21,441
Finished goods		31,264		35,279
Inventories	$	110,209	$	120,068

Note 7 - Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Property, Plant and Equipment [Table Text Block]

	September 30,			December 31,
	2019			2018
Land	$	1,426		$	2,251
Buildings and improvements		29,341			30,119
Machinery and equipment		128,766			126,747
Construction in progress		6,363			4,687
		165,896			163,804
Accumulated depreciation		(123,426	)		(119,872	)
Property, plant and equipment, net	$	42,470		$	43,932

Note 8 - Accrued Expenses (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Accrued Liabilities [Table Text Block]

	September 30,		December 31,
	2019		2018
Sales commissions	$	2,503	$	2,609
Subcontracting labor		914		1,550
Salaries, bonuses and related benefits		15,808		18,275
Warranty accrual		1,577		1,078
Other		10,267		8,778
	$	31,069	$	32,290

Restructuring and Related Costs [Table Text Block]

			Nine Months Ended
			September 30, 2019
	Liability at				Cash Payments			Liability at
	December 31,		New		and Other			September 30,
	2018		Charges		Settlements			2019
Severance costs	$	-	$	663	$	(663	)	$	-
Other restructuring costs		-		988		(943	)		45
Total	$	-	$	1,651	$	(1,606	)	$	45

Note 11 - Retirement Fund and Profit Sharing Plan (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Net Benefit Costs [Table Text Block]

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Service cost	$	144	$	183	$	432	$	549
Interest cost		185		166		555		498
Net amortization		48		111		144		332
Net periodic benefit cost	$	377	$	460	$	1,131	$	1,379

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

	September 30,		December 31,
	2019		2018
Prior service cost	$	783	$	918
Net loss		1,968		1,977
	$	2,751	$	2,895

Note 12 - Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	September 30,			December 31,
	2019			2018

Foreign currency translation adjustment, net of taxes of ($739) at September 30, 2019 and ($751) at December 31, 2018	$	(25,489	)	$	(22,635	)
Unrealized holding gains on available-for-sale securities, net of taxes of $0 at September 30, 2019 and $0 at December 31, 2018		12			12
Unfunded SERP liability, net of taxes of ($184) at September 30, 2019 and ($680) at December 31, 2018		(2,568	)		(2,215	)

Accumulated other comprehensive loss	$	(28,045	)	$	(24,838	)

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component [Table Text Block]

<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 10%; margin-left: 10%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 12%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Unrealized Holding</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 12%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 2%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 12%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Foreign Currency</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Gains on</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 12%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 2%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 12%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Translation</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Available-for-</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Unfunded</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 2%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 12%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Adjustment</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Sale Securities</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">SERP Liability</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; width: 2%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Total</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 38%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 12%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 12%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 12%;"> </td> <td style="width: 1%;"> </td> <td style="width: 2%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 12%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt; text-indent: -9pt;">Balance at January 1, 2019</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(22,635</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,215</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td nowrap="nowrap" style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(24,838</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt; text-indent: -9pt;">Other comprehensive (loss) income before reclassifications</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,854</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td nowrap="nowrap" style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,838</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt; text-indent: -9pt;">Amount reclassified from accumulated other comprehensive loss</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">94</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td nowrap="nowrap" style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(a)</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">94</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt; text-indent: -9pt;">Net current period other comprehensive (loss) income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,854</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">110</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td nowrap="nowrap" style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,744</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="width: 38%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 12%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 12%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 12%;"> </td> <td style="width: 1%;"> </td> <td style="width: 2%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 12%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt; text-indent: -9pt;">Effect of adoption of ASU 2018-02 (Topic 220)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(463</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> <td nowrap="nowrap" style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(463</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 38%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt; text-indent: -9pt;">Balance at September 30, 2019</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(25,489</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,568</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td> <td nowrap="nowrap" style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(28,045</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td> </tr> </table></div>

Note 13 - Leases (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Lease, Cost [Table Text Block]

	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
Amortization of ROU assets - finance leases	$	33	$	100
Interest on lease liabilities - finance leases		12		36
Operating lease cost (cost resulting from lease payments)		1,950		5,931
Short-term lease cost		1		101
Variable lease cost (cost excluded from lease payments)		64		194
Sublease income		-		-
Total lease cost	$	2,060	$	6,362

	September 30, 2019
Weighted-Average Remaining Lease Term:
Operating leases (in years)	3.22
Finance leases (in years)	5.1

Weighted-Average Discount Rate:
Operating leases	6.0	%
Finance leases	6.5	%

Leases, Supplemental Cash Flow Information [Table Text Block]

Lease, Supplemental Balance Sheet Information [Table Text Block]

	September 30, 2019
Operating Leases:
Operating lease right-of-use assets	$	16,296
Operating lease liability, current		6,039
Operating lease liability, long-term		10,713
Total operating lease liabilities		16,752

Finance Leases:
Property, plant and equipment, gross	$	860
Accumulated depreciation		(225	)
Property, plant and equipment, net		635
Other current liabilities		97
Other long-term liabilities		529
Total finance lease liabilities	$	626

Lessee, Operating and Financing Lease Liability Maturity [Table Text Block]

Year Ending	Operating			Finance
September 30,	Leases			Leases
2020	$	6,712		$	160
2021		5,310			159
2022		3,681			159
2023		2,031			159
2024		326			159
Thereafter		438			26
Total undiscounted cash flows		18,498			822
Less imputed interest		(1,746	)		(196	)
Present value of lease liabilities	$	16,752		$	626

Note 15 - Segments (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Net Sales to External Customers:
North America	$	65,778		$	70,654		$	197,430		$	201,351
Asia		39,954			53,528			116,555			138,062
Europe		18,747			22,307			63,299			66,038
	$	124,479		$	146,489		$	377,284		$	405,451

Net Sales:
North America	$	68,190		$	73,932		$	205,113		$	211,105
Asia		59,561			78,008			184,933			204,152
Europe		23,761			25,398			76,359			77,341
Less intercompany net sales		(27,033	)		(30,849	)		(89,121	)		(87,147	)
	$	124,479		$	146,489		$	377,284		$	405,451

(Loss) Income from Operations:
North America	$	(8,406	)	$	3,360		$	(6,526	)	$	6,021
Asia		2,463			5,753			3,746			10,987
Europe		1,320			1,386			5,925			4,595
	$	(4,623	)	$	10,499		$	3,145		$	21,603

Note 1 - Basis of Presentation and Accounting Policies (Details Textual) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2019
Operating Lease, Right-of-Use Asset		$ 16,296
Operating Lease, Liability, Total		$ 16,752
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset	$ 20,700
Operating Lease, Liability, Total	21,000
Accounting Standards Update 2018-02 [Member]
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect	$ 500

Note 2 - Revenue (Details Textual) $ in Millions	Sep. 30, 2019 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Amount	$ 15.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Percentage	20.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Percentage	57.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Percentage	23.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	4 years

Note 2 - Revenue - Disaggregation of Revenue by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 124,479	$ 146,489	$ 377,284	$ 405,451
Sales Channel, Directly to Consumer [Member]
Net sales	91,344	108,951	274,007	293,416
Sales Channel, Through Intermediary [Member]
Net sales	33,135	37,538	103,277	112,035
North America [Member]
Net sales	65,778	70,654	197,430	201,351
North America [Member] \| Sales Channel, Directly to Consumer [Member]
Net sales	44,110	46,802	133,432	128,754
North America [Member] \| Sales Channel, Through Intermediary [Member]
Net sales	21,668	23,852	63,998	72,597
Asia [Member]
Net sales	39,954	53,528	116,555	138,062
Asia [Member] \| Sales Channel, Directly to Consumer [Member]
Net sales	34,837	46,965	98,672	119,294
Asia [Member] \| Sales Channel, Through Intermediary [Member]
Net sales	5,117	6,563	17,883	18,768
Europe [Member]
Net sales	18,747	22,307	63,299	66,038
Europe [Member] \| Sales Channel, Directly to Consumer [Member]
Net sales	12,397	15,184	41,903	45,368
Europe [Member] \| Sales Channel, Through Intermediary [Member]
Net sales	6,350	7,123	21,396	20,670
Connectivity Solutions [Member]
Net sales	44,531	48,526	131,354	140,373
Connectivity Solutions [Member] \| North America [Member]
Net sales	33,929	34,919	97,273	100,797
Connectivity Solutions [Member] \| Asia [Member]
Net sales	2,510	5,293	9,012	13,533
Connectivity Solutions [Member] \| Europe [Member]
Net sales	8,092	8,314	25,069	26,043
Magnetic Solutions [Member]
Net sales	39,659	52,972	118,605	136,748
Magnetic Solutions [Member] \| North America [Member]
Net sales	8,241	10,586	26,662	28,795
Magnetic Solutions [Member] \| Asia [Member]
Net sales	29,576	40,100	85,834	100,769
Magnetic Solutions [Member] \| Europe [Member]
Net sales	1,842	2,286	6,109	7,184
Power Solutions and Protection [Member]
Net sales	40,289	44,991	127,325	128,330
Power Solutions and Protection [Member] \| North America [Member]
Net sales	23,608	25,149	73,495	71,759
Power Solutions and Protection [Member] \| Asia [Member]
Net sales	7,868	8,135	21,709	23,760
Power Solutions and Protection [Member] \| Europe [Member]
Net sales	$ 8,813	$ 11,707	$ 32,121	$ 32,811

Note 2 - Revenue - Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Unbilled receivables	$ 14,868	$ 15,799
Contract liabilities - current (deferred revenue)	$ 1,004	$ 1,036

Note 3 - (Loss) Earnings Per Share - Basic and Diluted Net Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Net (loss) earnings	$ (6,490)	$ 2,967	$ 1,131	$ 11,352	$ 6,634	$ (1,303)	$ (2,391)	$ 16,684
Undistributed (loss) earnings	(7,331)			10,533			(4,907)	14,214
Common Class A [Member]
Net (loss) earnings	(1,112)			1,942			(442)	2,852
Less dividends declared	131	131	130	130	131	130	392	391
Undistributed (loss) earnings	$ (1,243)			$ 1,812			$ (834)	$ 2,461
Weighted-average shares outstanding, basic and diluted (in shares)	2,173			2,175			2,174	2,175
Net earnings per share, basic and diluted (in dollars per share)	$ (0.51)			$ 0.89			$ (0.20)	$ 1.31
Common Class B [Member]
Net (loss) earnings	$ (5,378)			$ 9,410			$ (1,949)	$ 13,832
Less dividends declared	710	$ 704	$ 708	689	$ 689	$ 700	2,124	2,079
Undistributed (loss) earnings	$ (6,088)			$ 8,721			$ (4,073)	$ 11,753
Weighted-average shares outstanding, basic and diluted (in shares)	10,139			9,972			10,113	9,891
Net earnings per share, basic and diluted (in dollars per share)	$ (0.53)			$ 0.94			$ (0.19)	$ 1.40

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Note 4 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Long-term Debt, Fair Value	$ 116,800	$ 116,800	$ 117,900
Long-term Debt, Total	112,300	112,300	114,200
Goodwill, Impairment Loss		8,891
Goodwill, Ending Balance	10,778	10,778	19,817
North America Reporting Unit [Member]
Goodwill, Impairment Loss	8,900
Goodwill, Impairment Loss, Net of Tax	8,500
Europe Reporting Unit [Member]
Goodwill, Ending Balance	10,800	10,800
Fair Value, Nonrecurring [Member]
Assets, Fair Value Disclosure	0	0	0
Investments Held in Rabbi Trust [Member]
Investments, Fair Value Disclosure, Total	$ 1,200	$ 1,200	$ 1,400

Note 4 - Fair Value Measurements - Fair Value Estimate Calculation (Details) - North America Reporting Unit [Member]	Sep. 30, 2019	Dec. 31, 2018
Valuation Technique, Discounted Cash Flow [Member]
Valuation Method Allocation Of Use Percentage	75.00%	75.00%
Valuation Technique, Discounted Cash Flow [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill Impairment, Measurement Input	0.015	0.026
Valuation Technique, Discounted Cash Flow [Member] \| Measurement Input, EBITDA Margins [Member]
Goodwill Impairment, Measurement Input	0.039	0.076
Valuation Technique, Discounted Cash Flow [Member] \| Measurement Input, Cost of Equity Capital [Member]
Goodwill Impairment, Measurement Input	0.154	0.142
Valuation Technique, Discounted Cash Flow [Member] \| Measurement Input, Cost of Debt [Member]
Goodwill Impairment, Measurement Input	0.04	0.037
Valuation Technique, Discounted Cash Flow [Member] \| Measurement Input, Weighted Average Cost of Capital [Member]
Goodwill Impairment, Measurement Input	0.14	0.13
Valuation, Market Approach [Member]
Valuation Method Allocation Of Use Percentage	25.00%	25.00%
Valuation, Market Approach [Member] \| Measurement Input, Revenue Multiple [Member]
Goodwill Impairment, Measurement Input	0.3	0.4
Valuation, Market Approach [Member] \| Measurement Input, EBITDA Multiple [Member] \| Minimum [Member]
Goodwill Impairment, Measurement Input	7	5.1
Valuation, Market Approach [Member] \| Measurement Input, EBITDA Multiple [Member] \| Maximum [Member]
Goodwill Impairment, Measurement Input	8	5.7
Valuation, Market Approach [Member] \| Measurement Input, Invested Capital Control Premium [Member]
Goodwill Impairment, Measurement Input	0.25	0.25

Note 5 - Goodwill - Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Goodwill, gross	$ 148,260	$ 148,408
Accumulated impairment charges	(137,482)	(128,591)
Goodwill	10,778	19,817
Impairment charge (see Note 4)	(8,891)
Foreign currency translation	(122)
Measurement period adjustment	(26)
North America [Member]
Goodwill, gross	63,364	63,364
Accumulated impairment charges	(63,364)	(54,473)
Goodwill		8,891
Impairment charge (see Note 4)	(8,891)
Foreign currency translation
Measurement period adjustment
Asia [Member]
Goodwill, gross	54,508	54,508
Accumulated impairment charges	(54,508)	(54,508)
Goodwill
Impairment charge (see Note 4)
Foreign currency translation
Measurement period adjustment
Europe [Member]
Goodwill, gross	30,388	30,536
Accumulated impairment charges	(19,610)	(19,610)
Goodwill	10,778	$ 10,926
Impairment charge (see Note 4)
Foreign currency translation	(122)
Measurement period adjustment	$ (26)

Note 6 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Raw materials	$ 50,431	$ 63,348
Work in progress	28,514	21,441
Finished goods	31,264	35,279
Inventories	$ 110,209	$ 120,068

Note 7 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Depreciation, Total	$ 2,500		$ 2,800	$ 7,500	$ 8,900
Proceeds from Sale of Property, Plant, and Equipment, Total				5,787	53
Gain (Loss) on Disposition of Property Plant Equipment, Total				4,257
Inwood, New York Property [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total		$ 5,800
Gain (Loss) on Disposition of Property Plant Equipment, Total	$ 4,300			$ 4,300

Note 7 - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Property, plant and equipment, gross	$ 165,896	$ 163,804
Accumulated depreciation	(123,426)	(119,872)
Property, plant and equipment, net	42,470	43,932
Land [Member]
Property, plant and equipment, gross	1,426	2,251
Building and Building Improvements [Member]
Property, plant and equipment, gross	29,341	30,119
Machinery and Equipment [Member]
Property, plant and equipment, gross	128,766	126,747
Construction in Progress [Member]
Property, plant and equipment, gross	$ 6,363	$ 4,687

Note 8 - Accrued Expenses (Details Textual) $ in Thousands	9 Months Ended
Note 8 - Accrued Expenses (Details Textual) $ in Thousands	Sep. 30, 2019 USD ($)
Restructuring Charges, Total	$ 1,651
Facility Closing [Member]
Restructuring Charges, Total	$ 1,100

Note 8 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Sales commissions	$ 2,503	$ 2,609
Subcontracting labor	914	1,550
Salaries, bonuses and related benefits	15,808	18,275
Warranty accrual	1,577	1,078
Other	10,267	8,778
	$ 31,069	$ 32,290

Note 8 - Accrued Expenses - Activity and Liability Balances Related to Restructuring Costs (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Liability, beginning balance	$ 45
New charges	1,651
Cash payment and other settlements	(1,606)
Employee Severance [Member]
Liability, beginning balance
New charges	663
Cash payment and other settlements	(663)
Other Restructuring [Member]
Liability, beginning balance	45
New charges	988
Cash payment and other settlements	$ (943)

Note 9 - Debt (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Note 9 - Debt (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Long-term Debt, Total	$ 112,300		$ 112,300		$ 114,200
Proceeds from Lines of Credit, Total			12,000	$ 7,500
Credit and Security Agreement with KeyBank [Member]
Debt Issuance Costs, Net, Total	$ 1,400		$ 1,400		$ 1,800
Debt, Weighted Average Interest Rate	3.81%		3.81%		4.31%
Interest Expense, Debt, Total	$ 1,300	$ 1,400	$ 4,100	$ 3,900
Credit and Security Agreement with KeyBank [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	75,000		75,000
Long-term Line of Credit, Total	0		0		$ 0
Proceeds from Lines of Credit, Total			12,000
Credit and Security Agreement with KeyBank [Member] \| Term Loan [Member]
Long-term Debt, Total	$ 113,800		$ 113,800		$ 116,000

Note 10 - Income Taxes (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Unrecognized Tax Benefits, Ending Balance	$ 28.6		$ 28.9
Liability for Uncertainty in Income Taxes, Current	2.1		1.4
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	2.1
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total	0.5	$ 0.7
Income Tax Expense (Benefit) on Reversal of Interest and Penalties	0.7	$ 0.3
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 4.7		$ 3.8

Note 11 - Retirement Fund and Profit Sharing Plan (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Bel Fuse Inc. Employees' Savings Plan [Member]
Defined Contribution Plan, Cost	$ 0.3	$ 0.3	$ 0.8	$ 0.8
Bel Fuse Inc. Employees' Savings Plan [Member] \| Common Class A [Member]
Shares Held in Plan	153,352		153,352
Bel Fuse Inc. Employees' Savings Plan [Member] \| Common Class B [Member]
Shares Held in Plan	109,442		109,442
Retirement Fund Covering Hong Kong-based Employees [Member]
Defined Contribution Plan, Cost	$ 0.1	$ 0.1	$ 0.3	$ 0.3
Retirement Fund Covering Hong Kong-based Employees [Member] \| Common Class A [Member]
Shares Held in Plan	3,323		3,323
Retirement Fund Covering Hong Kong-based Employees [Member] \| Common Class B [Member]
Shares Held in Plan	17,342		17,342

Note 11 - Retirement Fund and Profit Sharing Plan - Components of SERP Expense (Details) - Supplemental Employee Retirement Plan [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Service cost	$ 144	$ 183	$ 432	$ 549
Interest cost	185	166	555	498
Net amortization	48	111	144	332
Net periodic benefit cost	$ 377	$ 460	$ 1,131	$ 1,379

Note 11 - Retirement Fund and Profit Sharing Plan - Amounts Recognized in Accumulated Other Comprehensive Loss (Details) - Supplemental Employee Retirement Plan [Member] - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Prior service cost	$ 783	$ 918
Net loss	1,968	1,977
	$ 2,751	$ 2,895

Note 12 - Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Foreign currency translation adjustment, net of taxes	$ (25,489)	$ (22,635)
Unrealized holding gains on available-for-sale securities, net of taxes	12	12
Unfunded SERP liability, net of taxes	(2,568)	(2,215)
Accumulated other comprehensive loss	$ (28,045)	$ (24,838)

- Definition

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

+ References + Details

Note 12 - Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Foreign currency translation adjustment, tax	$ (739)	$ (751)
Unrealized holding gains on available-for-sale securities, tax	0	0
Change in unfunded SERP liability, tax	$ (184)	$ (680)

Note 12 - Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2019

Sep. 30, 2018

Sep. 30, 2019

Sep. 30, 2018

Mar. 31, 2019

Mar. 31, 2018

Balance

$ 180,276

$ 163,297

$ 176,470

$ 157,960

Net current period other comprehensive (loss) income

(2,524)

(1,117)

(2,743)

(4,408)

Effect of adoption of ASU

$ 3,497

Balance

170,640

173,311

170,640

173,311

Accumulated Foreign Currency Adjustment Attributable to Parent [Member]

Balance

(22,635)

Other comprehensive (loss) income before reclassifications

(2,854)

Amount reclassified from accumulated other comprehensive loss

Net current period other comprehensive (loss) income

(2,854)

Balance

(25,489)

Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Accounting Standards Update 2018-02 [Member]

Effect of adoption of ASU

AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]

Balance

Other comprehensive (loss) income before reclassifications

Amount reclassified from accumulated other comprehensive loss

Net current period other comprehensive (loss) income

Balance

AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Accounting Standards Update 2018-02 [Member]

Effect of adoption of ASU

Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]

Balance

(2,215)

Other comprehensive (loss) income before reclassifications

Amount reclassified from accumulated other comprehensive loss

^[1]

Net current period other comprehensive (loss) income

110

Balance

(2,568)

Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Accounting Standards Update 2018-02 [Member]

Effect of adoption of ASU

(463)

AOCI Attributable to Parent [Member]

Balance

(25,521)

(22,916)

(24,838)

(19,625)

Other comprehensive (loss) income before reclassifications

(2,838)

Amount reclassified from accumulated other comprehensive loss

Net current period other comprehensive (loss) income

(2,744)

Effect of adoption of ASU

$ (463)

Balance

(28,045)

$ (24,033)

(28,045)

$ (24,033)

AOCI Attributable to Parent [Member] | Accounting Standards Update 2018-02 [Member]

Effect of adoption of ASU

$ (463)

[1]	This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP Plan. This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment classification of the plan participants.

Note 13 - Leases (Details Textual)	9 Months Ended
Note 13 - Leases (Details Textual)	Sep. 30, 2019
Minimum [Member]
Operating and Finance Leases, Remaining Lease Term	1 year
Maximum [Member]
Operating and Finance Leases, Remaining Lease Term	8 years

Note 13 - Leases - Components of Lease Expense (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019 USD ($)	Sep. 30, 2019 USD ($)
Amortization of ROU assets - finance leases	$ 33	$ 100
Interest on lease liabilities - finance leases	12	36
Operating lease cost (cost resulting from lease payments)	1,950	5,931
Short-term lease cost	1	101
Variable lease cost (cost excluded from lease payments)	64	194
Sublease income
Total lease cost	$ 2,060	$ 6,362
Operating leases (in years) (Year)	3 years 80 days	3 years 80 days
Finance leases (in years) (Year)	5 years 36 days	5 years 36 days
Operating leases	6.00%	6.00%
Finance leases	6.50%	6.50%

Note 13 - Leases - Supplemental Cash Flow Information Related to Leases (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019 USD ($)
Operating cash flows from operating leases	$ 5,958
Operating cash flows from finance leases	36
Finance cash flows from finance leases	86
Operating leases	21,783
Finance leases

Note 13 - Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating Lease, Right-of-Use Asset	$ 16,296
Operating lease liability, current	6,039
Operating lease liability, long-term	10,713
Total operating lease liabilities	16,752
Property, plant and equipment, gross	165,896	163,804
Accumulated depreciation	(123,426)	(119,872)
Property, plant and equipment, net	42,470	$ 43,932
Other current liabilities	97
Other long-term liabilities	529
Total finance lease liabilities	626
Assets under Finance Lease [Member]
Property, plant and equipment, gross	860
Accumulated depreciation	(225)
Property, plant and equipment, net	$ 635

Note 13 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Operating leases, 2020	$ 6,712
Finance leases, 2020	160
Operating leases, 2021	5,310
Finance leases, 2021	159
Operating leases, 2022	3,681
Finance leases, 2022	159
Operating leases, 2023	2,031
Finance leases, 2023	159
Operating leases, 2024	326
Finance leases, 2024	159
Operating leases, Thereafter	438
Finance leases, Thereafter	26
Operating leases, Total undiscounted cash flows	18,498
Finance leases, Total undiscounted cash flows	822
Operating leases, Less imputed interest	(1,746)
Finance leases, Less imputed interest	(196)
Operating Lease, Liability, Total	16,752
Finance leases, Present value of lease liabilities	$ 626

Note 14 - Commitments and Contingencies (Details Textual) $ in Millions	Sep. 30, 2019 USD ($)
Arezzo Revenue Agency [Member]
Loss Contingency, Estimate of Possible Loss	$ 12

Note 15 - Segments (Details Textual) $ in Thousands	3 Months Ended	9 Months Ended
Note 15 - Segments (Details Textual) $ in Thousands	Sep. 30, 2019 USD ($)	Sep. 30, 2019 USD ($)
Number of Industry in which Entity Operates		1
Number of Reportable Segments		3
Goodwill, Impairment Loss		$ 8,891
North America Reporting Unit [Member]
Goodwill, Impairment Loss	$ 8,900

Note 15 - Segments - Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 124,479	$ 146,489	$ 377,284	$ 405,451
Income from operations	(4,623)	10,499	3,145	21,603
Intersegment Eliminations [Member]
Net sales	(27,033)	(30,849)	(89,121)	(87,147)
North America [Member]
Net sales	65,778	70,654	197,430	201,351
Income from operations	(8,406)	3,360	(6,526)	6,021
North America [Member] \| Reportable Geographical Components [Member]
Net sales	68,190	73,932	205,113	211,105
Asia [Member]
Net sales	39,954	53,528	116,555	138,062
Income from operations	2,463	5,753	3,746	10,987
Asia [Member] \| Reportable Geographical Components [Member]
Net sales	59,561	78,008	184,933	204,152
Europe [Member]
Net sales	18,747	22,307	63,299	66,038
Income from operations	1,320	1,386	5,925	4,595
Europe [Member] \| Reportable Geographical Components [Member]
Net sales	$ 23,761	$ 25,398	$ 76,359	$ 77,341

Note 16 - Subsequent Event (Details Textual) - USD ($) $ in Millions		12 Months Ended
	Nov. 11, 2019	Sep. 30, 2019
CUI Power [Member]
Revenue from Contract with Customer, Including Assessed Tax		$ 37
Majority Products Business of CUI Power [Member] \| Subsequent Event [Member]
Aggregate Purchase Price, Asset Purchase Agreement	$ 32