Vishay Precision (VPG) 10-Q 4 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 26, 2015	Nov. 04, 2015
Entity Registrant Name	Vishay Precision Group, Inc.
Entity Central Index Key	1,487,952
Current Fiscal Year End Date	--12-31
Trading Symbol	VPG
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 26, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Stock
Entity Common Stock, Shares Outstanding		12,144,485
Class B Convertible Common Stock
Entity Common Stock, Shares Outstanding		1,025,158

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 26, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 63,174	$ 79,642
Accounts receivable, net	37,230	37,427
Inventories:
Raw materials	13,435	14,223
Work in process	20,774	19,813
Finished goods	21,689	18,806
Inventories, net	55,898	52,842
Deferred income taxes	5,512	5,636
Prepaid expenses and other current assets	10,032	10,361
Total current assets	171,846	185,908
Property and equipment, at cost:
Land	1,871	1,893
Buildings and improvements	50,895	49,909
Machinery and equipment	81,519	78,500
Software	7,086	6,837
Construction in progress	2,605	2,928
Accumulated depreciation	(93,983)	(89,374)
Property and equipment, net	49,993	50,693
Goodwill	6,450	12,788
Intangible assets, net	13,800	17,381
Other assets	20,931	20,393
Total assets	263,020	287,163
Liabilities and equity
Trade accounts payable	8,140	10,559
Payroll and related expenses	13,248	14,216
Other accrued expenses	15,665	16,902
Income taxes	47	2,133
Current portion of long-term debt	5,870	5,120
Total current liabilities	42,970	48,930
Long-term debt, less current portion	13,122	17,713
Deferred income taxes	469	638
Other liabilities	7,230	7,644
Accrued pension and other postretirement costs	11,899	12,353
Total liabilities	$ 75,690	$ 87,278
Commitments and contingencies
Equity:
Common stock	$ 1,276	$ 1,273
Capital in excess of par value	190,149	189,532
Retained earnings	35,728	35,335
Accumulated other comprehensive loss	(31,299)	(26,560)
Total Vishay Precision Group, Inc. stockholders' equity	187,192	199,651
Noncontrolling interests	138	234
Total equity	187,330	199,885
Total liabilities and equity	263,020	287,163
Class B Convertible Common Stock
Equity:
Common stock	103	103
Treasury Stock
Equity:
Treasury stock	(8,765)	(32)
Total equity	$ (8,765)	$ (32)

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Income Statement [Abstract]
Net revenues	$ 57,149	$ 63,402	$ 173,265	$ 189,804
Costs of products sold	35,699	39,732	109,801	119,515
Gross profit	21,450	23,670	63,464	70,289
Selling, general, and administrative expenses	17,760	19,647	54,904	58,707
Impairment of goodwill and indefinite-lived intangibles	4,942	0	4,942	0
Restructuring costs	459	144	841	475
Operating (loss) income	(1,711)	3,879	2,777	11,107
Other income (expense):
Interest expense	(158)	(215)	(518)	(671)
Other	(387)	123	(1,730)	(560)
Other income (expense) - net	(545)	(92)	(2,248)	(1,231)
(Loss) income before taxes	(2,256)	3,787	529	9,876
Income tax (benefit) expense	(304)	523	174	1,800
Net (loss) earnings	(1,952)	3,264	355	8,076
Less: net (loss) earnings attributable to noncontrolling interests	(9)	30	(38)	89
Net (loss) earnings attributable to VPG stockholders	$ (1,943)	$ 3,234	$ 393	$ 7,987
Basic (loss) earnings per share attributable to VPG stockholders (dollars per share)	$ (0.15)	$ 0.24	$ 0.03	$ 0.58
Diluted (loss) earnings per share attributable to VPG stockholders (dollars per share)	$ (0.15)	$ 0.23	$ 0.03	$ 0.57
Weighted average shares outstanding - basic	13,347	13,757	13,558	13,755
Weighted average shares outstanding - diluted	13,347	13,977	13,772	13,968

Consolidated Condensed Stateme4

Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (1,952)	$ 3,264	$ 355	$ 8,076
Other comprehensive income (loss):
Foreign currency translation adjustment	(2,352)	(4,026)	(5,032)	(3,233)
Pension and other postretirement actuarial items, net of tax	164	85	293	79
Other comprehensive loss	(2,188)	(3,941)	(4,739)	(3,154)
Total comprehensive (loss) income	(4,140)	(677)	(4,384)	4,922
Less: comprehensive (loss) income attributable to noncontrolling interests	(9)	30	(38)	89
Comprehensive (loss) income attributable to VPG stockholders	$ (4,131)	$ (707)	$ (4,346)	$ 4,833

Consolidated Condensed Stateme5

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Operating activities
Net earnings	$ 355	$ 8,076
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Impairment of goodwill and indefinite-lived intangibles	4,942	0
Depreciation and amortization	8,142	8,726
Loss on disposal of property and equipment	14	61
Share-based compensation expense	796	780
Inventory write-offs for obsolescence	1,190	972
Other	1,276	(836)
Net changes in operating assets and liabilities:
Accounts receivable, net	(1,182)	(3,876)
Inventories, net	(5,159)	(78)
Prepaid expenses and other current assets	290	(848)
Trade accounts payable	(2,256)	181
Other current liabilities	(3,104)	(686)
Net cash provided by operating activities	5,304	12,472
Investing activities
Capital expenditures	(7,508)	(5,575)
Proceeds from sale of property and equipment	117	74
Net cash used in investing activities	(7,391)	(5,501)
Financing activities
Principal payments on long-term debt and capital leases	(3,839)	(3,105)
Purchase of treasury stock	(8,733)	0
Distributions to noncontrolling interests	(58)	(58)
Net cash used in financing activities	(12,630)	(3,163)
Effect of exchange rate changes on cash and cash equivalents	(1,751)	(1,193)
(Decrease) increase in cash and cash equivalents	(16,468)	2,615
Cash and cash equivalents at beginning of period	79,642	72,809
Cash and cash equivalents at end of period	$ 63,174	$ 75,424

Consolidated Condensed Stateme6

Consolidated Condensed Statement of Equity (Unaudited) - 9 months ended Sep. 26, 2015 - USD ($) $ in Thousands	Total	Common Stock	Class B Convertible Common Stock	Treasury Stock	Capital In Excess Of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total VPG Inc. Stockholders' Equity	Noncontrolling Interests
Balance, beginning at Dec. 31, 2014	$ 199,885	$ 1,273	$ 103	$ (32)	$ 189,532	$ 35,335	$ (26,560)	$ 199,651	$ 234
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	355					393		393	(38)
Other comprehensive loss	(4,739)						(4,739)	(4,739)
Share-based compensation expense	796				796			796
Restricted stock issuances (32,297 shares)	(176)	3			(179)			(176)
Purchase of treasury stock (617,667 shares)	(8,733)			(8,733)				(8,733)
Conversion from Class B to common stock (18 shares)	0
Distributions to noncontrolling interests	(58)								(58)
Balance, ending at Sep. 26, 2015	$ 187,330	$ 1,276	$ 103	$ (8,765)	$ 190,149	$ 35,728	$ (31,299)	$ 187,192	$ 138

Consolidated Condensed Stateme7

Consolidated Condensed Statement of Equity (Unaudited) (Parenthetical)	9 Months Ended
	Sep. 26, 2015shares
Purchase of treasury stock, shares	617,667
Common Stock
Restricted stock issuances, shares	32,297
Class B Convertible Common Stock
Conversion from Class B to common stock (in shares)	18

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Background Vishay Precision Group, Inc. (“VPG” or the “Company”) is an internationally recognized designer, manufacturer and marketer of sensors, and sensor-based measurement systems, as well as specialty resistors and strain gages based upon the Company's proprietary technology. The Company provides precision products and solutions, many of which are “designed-in” by its customers, specializing in the growing markets of stress, force, weight, pressure, and current measurements. Interim Financial Statements These unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements and therefore do not include all information and footnotes necessary for the presentation of financial position, results of operations, and cash flows required by accounting principles generally accepted in the United States for complete financial statements. The information furnished reflects all normal recurring adjustments which are, in the opinion of management, necessary for a fair summary of the financial position, results of operations, and cash flows for the interim periods presented. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of December 31, 2014 and 2013 and for each of the three years in the period ended December 31, 2014 , included in VPG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 , filed with the SEC on March 11, 2015. The results of operations for the fiscal quarter and nine fiscal months ended September 26, 2015 are not necessarily indicative of the results to be expected for the full year. VPG reports interim financial information for 13-week periods beginning on a Sunday and ending on a Saturday, except for the first quarter, which always begins on January 1, and the fourth quarter, which always ends on December 31. The four fiscal quarters in 2015 and 2014 end on the following dates: 2015 2014 Quarter 1 March 28, March 29, Quarter 2 June 27, June 28, Quarter 3 September 26, September 27, Quarter 4 December 31, December 31, Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2015-16, " Business Combinations" (Topic 805), which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendment will be effective prospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The adoption of this standard update is not expected to have a material impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, " Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. " This standard update requires an entity to present debt issuance costs on the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be reported as interest expense. The update is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued, and the new provisions will be applied retrospectively to all prior periods presented. The adoption of this standard update is not expected to have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, " Revenue from Contracts with Customers ," which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The basis of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The ASU is effective for public entities for annual and interim periods beginning after December 15, 2017. The ASU may be early adopted for annual and interim periods beginning after December 15, 2016 under U.S. generally accepted accounting principles ("GAAP"), and either full or modified retrospective application is required. The Company has not yet selected a transition method and the effects of this standard on the Company's financial position, results of operations and cash flows are not yet known.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired at the date of acquisition. In accordance with ASC subtopic 350-20-35, Goodwill - Subsequent Measurements, goodwill must be tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. There has been a slow-down in the steel industry due to excess capacity, particularly in China which impacted the only Company reporting unit, which has goodwill. As a result of the presence of indicators of impairment in the unit having goodwill, during the third quarter of 2015, the Company performed an interim impairment test for the unit's goodwill. The Company performed the first step of the two-step impairment test as of the last day of the fiscal 2015 third quarter by calculating the fair value of the unit and comparing it against its carrying amount. The Company estimated the fair value of its reporting unit by considering both an income approach and a market approach to valuation. The income approach to valuation used the Company’s estimates of the future cash flows of the reporting unit discounted to their net present value applying a discount rate determined using the capital asset pricing model and adjusted for the forecast risk inherent in the Company’s projections of future cash flows. The income approach to valuation is dependent on inputs from management such as expected revenue growth, profitability, capital expenditures and working capital requirements. The market approach to valuation used the market capitalization of public companies similar to the reporting unit to calculate an implied EBITDA multiple. The Company applied that calculated EBITDA multiple to the expected EBITDA of the reporting unit to estimate the fair value of the reporting unit. Both of these approaches to estimating the fair value of the unit use inputs that are considered “Level 3” inputs to the fair value estimate (see Note 12 for a definition of Level 3 valuation inputs within the fair value hierarchy). The Company equally weighted the results of the income approach and the market approach to arrive at the estimated fair value of the reporting unit. After completing step one, the Company determined that the carrying amount of the reporting unit exceeded its fair value. Therefore, the Company performed the second step of the goodwill impairment test. To measure the amount of the impairment, the Company preliminarily estimated the implied fair value of goodwill in the same manner as if the Company had acquired that reporting unit. The Company allocated the fair value of the reporting unit to all of the assets of that unit, including any unrecognized intangible assets, in a hypothetical calculation that yielded the implied fair value of goodwill. The impairment loss is measured as the difference between the book value of the goodwill and the implied fair value of the goodwill computed in step two. Based on the preliminary results of the second step of the goodwill impairment test, the Company determined that goodwill was impaired and recorded a $4.7 million impairment charge in the third quarter of 2015. This amount is subject to change upon the completion of the second step of the goodwill impairment test, and represents the Company’s best estimate at this time. The Company is still in the process of accumulating the additional information necessary to finalize the second step of the goodwill impairment test, particularly with respect to estimating the fair value of certain assets and liabilities of the reporting unit. Any adjustment to this estimated impairment resulting from the completion of the measurement will be recognized in a subsequent period. The determination of the fair value of the reporting unit and the allocation of that value to individual assets and liabilities within the reporting unit requires the Company to make significant estimates and assumptions. These estimates and assumptions include the selection of appropriate peer group companies, control premiums appropriate for acquisitions in the industries in which the Company competes, the discount rate, terminal growth rates, and forecasts of revenue, operating income, depreciation and amortization, and capital expenditures. Due to the inherent uncertainty involved in making these estimates, actual financial results could differ from those estimates. Changes in assumptions concerning future financial results or other underlying assumptions could have a significant impact on either the fair value of the reporting unit or the amount of the goodwill impairment charges. The change in the carrying amount of goodwill by segment is as follows (in thousands) : Weighing and Control Systems Segment Gross Goodwill Accumulated Impairments Goodwill Balance at December 31, 2014 $ 17,400 $ (4,612 ) $ 12,788 Impairment charges — (4,739 ) (4,739 ) Foreign currency translation adjustment (2,175 ) 576 (1,599 ) Balance at September 26, 2015 $ 15,225 $ (8,775 ) $ 6,450 Intangible assets were as follows (in thousands) : September 26, 2015 December 31, 2014 Intangible assets subject to amortization (Definite-lived): Patents and acquired technology $ 7,107 $ 7,599 Customer relationships 15,337 16,734 Trade names 1,707 1,722 Non-competition agreements 11,313 11,687 35,464 37,742 Accumulated amortization: Patents and acquired technology (3,623 ) (3,477 ) Customer relationships (7,191 ) (6,772 ) Trade names (1,684 ) (1,677 ) Non-competition agreements (10,264 ) (9,906 ) (22,762 ) (21,832 ) Net intangible assets subject to amortization $ 12,702 $ 15,910 Intangible assets not subject to amortization (Indefinite-lived): Trade names 1,023 1,376 In-process research and development 75 95 $ 13,800 $ 17,381 Certain intangible assets are subject to foreign currency translation. The Company has also performed an interim impairment test on the indefinite-lived trade names as of the last day of the fiscal 2015 third quarter, determined that there was an impairment, and recorded an impairment charge of $0.2 million. Given the current economic conditions in the steel industry, the revenue projections have come down significantly for the products utilizing the trade names, thereby impacting their fair value. The value of the trade names was determined using an income approach to valuation, whereby the Company estimated the future cash flows associated with the trade names and discounted those cash flows back to their net present value using a discount rate of 17.0% , determined using the capital asset pricing model and adjusted for the forecast risk inherent in the Company’s projections of cash flows associated with this asset. The Company’s estimates of cash flows include revenues to be generated by the products supported by the trade names and the expected profits on those product sales. This approach to determining the fair value of the trade names uses inputs that are considered Level 3 inputs to the fair value estimate.

Restructuring Costs

Restructuring Costs	9 Months Ended
	Sep. 26, 2015
Restructuring and Related Activities [Abstract]
Restructuring Costs	Restructuring Costs Restructuring costs reflect the cost reduction programs implemented by the Company. Restructuring costs are expensed during the period in which the Company determines it will incur those costs and all requirements for accrual are met. Because these costs are recorded based upon estimates, actual expenditures for the restructuring activities may differ from the initially recorded costs. If the initial estimates are too low or too high, the Company could be required to either record additional expense in future periods or to reverse part of the previously recorded charges. The following table sets forth the restructuring costs recorded in the accompanying consolidated condensed statements of operations (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Israel cost reduction program $ 206 $ — $ 206 $ — Beijing, China voluntary program 95 — 337 — Tianjin, China voluntary program (6 ) — 56 — United Kingdom cost reduction program — — 78 — United States cost reduction program 135 144 135 144 Canada cost reduction program 29 — 29 331 $ 459 $ 144 $ 841 $ 475 Israel cost reduction program The Company initiated a cost reduction program at its subsidiary in Israel during the fiscal quarter ended September 26, 2015. The related restructuring costs were comprised of employee termination costs, including severance. The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2015 $ 206 Cash payments (13 ) Balance at September 26, 2015 $ 193 Beijing, China voluntary program During the fiscal quarter ended June 27, 2015, a voluntary termination program was initiated by the Company at its subsidiary in Beijing, China in response to challenging economic conditions. The related restructuring costs were comprised of employee termination costs, including severance. The following table summarizes the activity to date related to this program (in thousands) : Restructuring charge in 2015 $ 337 Cash payments (337 ) Balance at September 26, 2015 $ — Tianjin, China voluntary program During the fiscal quarter ended June 27, 2015, a voluntary termination program was initiated by the Company at its subsidiary in Tianjin, China in response to challenging economic conditions. The related restructuring costs were comprised of employee termination costs, including severance. The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2015 $ 62 Adjustment (6 ) Cash payments (56 ) Balance at September 26, 2015 $ — United Kingdom cost reduction program The Company initiated a cost reduction program at one of its subsidiaries in the United Kingdom during the fiscal quarter ended March 28, 2015. The related restructuring costs were comprised of employee termination costs, including severance. The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2015 $ 78 Cash payments (78 ) Balance at September 26, 2015 $ — United States cost reduction program The Company initiated a cost reduction program at one of its subsidiaries in the United States during the fiscal quarter ended September 27, 2014. The related restructuring costs were comprised of employee termination costs, including severance. The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2014 $ 153 Cash payments (62 ) Balance at December 31, 2014 91 Restructuring charges in 2015 135 Cash payments (226 ) Balance at September 26, 2015 $ — Canada cost reduction program The Company initiated a cost reduction program at its subsidiary in Canada during the fiscal quarter ended March 29, 2014. The related restructuring costs are comprised of employee termination costs, including severance and a statutory retirement allowance. The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2014 $ 515 Cash payments (255 ) Balance at December 31, 2014 260 Restructuring charges in 2015 29 Cash payments (289 ) Balance at September 26, 2015 $ —

Income Taxes

Income Taxes	9 Months Ended
	Sep. 26, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes VPG calculates the tax provision for interim periods using an estimated annual effective tax rate methodology which is based on a current projection of full-year earnings before taxes amongst different taxing jurisdictions and adjusted for the impact of discrete quarterly items. The effective tax rate for the fiscal quarter ended September 26, 2015 was 13.5% versus 13.8% for the fiscal quarter ended September 27, 2014 . The effective tax rate for the nine fiscal months ended September 26, 2015 was 32.9% versus 18.2% for the nine fiscal months ended September 27, 2014 . The primary difference between the tax rates in the 2015 periods compared to the 2014 periods is the tax impact of the impairments related to our steel business. The associated intangible assets are only partially deductible for tax purposes. Excluding the impact of the impairments, the effective tax rates for the fiscal quarter and nine fiscal months ended September 26, 2015 are 24.9% and 21.0% , respectively. The change in the effective tax rate, excluding the impact of intangible impairment, for both periods presented is the result of changes in the geographic mix of pretax earnings and the recording of net tax benefits associated with foreign exchange variations. Additionally, the difference between the fiscal nine month tax rates is also caused by changes in the VPG corporate entity structure initiated in the fiscal second quarter of 2014. As a result of this reorganization, the Company recorded a discrete income tax expense of $1.9 million related to the repatriation of foreign earnings and a $2.0 million discrete income tax benefit related to a reversal of an existing valuation allowance associated with U.S. foreign tax credit carryforwards. The provision for income taxes consists of federal, state, and foreign income taxes. The effective tax rates for the fiscal quarters and nine fiscal months ended September 26, 2015 and September 27, 2014 represent VPG’s expected tax rate on reported income before income tax and tax adjustments. VPG operates in an international environment with significant operations in various locations outside the United States. Accordingly, the consolidated income tax rate is a composite rate reflecting VPG’s earnings and the applicable tax rates in the various locations in which VPG operates. The Company and its subsidiaries are subject to income taxes in the U.S. and numerous foreign jurisdictions. Significant judgment is required in evaluating the Company’s tax positions and determining the provision for income taxes. During the ordinary course of business, there are transactions and calculations for which the ultimate tax determination is uncertain. VPG establishes reserves for tax-related uncertainties based on estimates of whether, and the extent to which, additional taxes will be due. These reserves are established when VPG believes that certain positions might be challenged despite its belief that the tax return positions are supportable. VPG adjusts these reserves in light of changing facts and circumstances and the provision for income taxes includes the impact of reserve provisions and changes to reserves that are considered appropriate. Penalties and tax-related interest expense are reported as a component of income tax expense. The Company anticipates $0.5 million to $0.8 million of unrecognized tax benefits to be reversed within the next twelve months of the balance sheet date, due to the expiration of statutes of limitation and cash payments in certain jurisdictions.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 26, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands) : September 26, 2015 December 31, 2014 2013 Credit Agreement - U.S. term facility $ 4,500 $ 6,000 2013 Credit Agreement - Canadian term facility 9,750 12,000 Exchangeable unsecured notes, due 2102 4,097 4,097 Other debt 645 736 Total long-term debt 18,992 22,833 Less: current portion 5,870 5,120 Long-term debt, less current portion $ 13,122 $ 17,713 In January 2013 the Company entered into an amended and restated credit agreement. The terms of the credit agreement require VPG to comply with customary covenants, representations and warranties, including the maintenance of specific financial ratios. The financial maintenance covenants include a tangible net worth ratio, a leverage ratio and a fixed charges coverage ratio. In October 2015, the credit agreement was amended to include a minimum liquidity covenant as an alternative to the fixed charges coverage ratio, effective September 26, 2015. The Company was in compliance with its amended financial maintenance covenants as of September 26, 2015. If the Company is not in compliance with any of these covenant restrictions, the credit facility could be terminated by the lenders, and all amounts outstanding pursuant to the credit facility could become immediately payable.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 26, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss), net of tax, consist of the following (in thousands) : Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2015 $ (21,757 ) $ (4,803 ) $ (26,560 ) Other comprehensive loss before reclassifications (5,032 ) — (5,032 ) Amounts reclassified from accumulated other comprehensive income (loss) — 293 293 Balance at September 26, 2015 $ (26,789 ) $ (4,510 ) $ (31,299 ) Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2014 $ (13,742 ) $ (2,265 ) $ (16,007 ) Other comprehensive loss before reclassifications (3,233 ) — (3,233 ) Amounts reclassified from accumulated other comprehensive income (loss) — 79 79 Balance at September 27, 2014 $ (16,975 ) $ (2,186 ) $ (19,161 ) Reclassifications of pension and other postretirement actuarial items out of accumulated other comprehensive income (loss) are included in the computation of net periodic benefit cost (see Note 7).

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits	9 Months Ended
	Sep. 26, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits Employees of VPG participate in various defined benefit pension and other postretirement benefit ("OPEB") plans. The following table sets forth the components of the net periodic benefit cost for the Company's defined benefit pension and other postretirement benefit plans (in thousands) : Fiscal quarter ended Fiscal quarter ended Pension OPEB Pension OPEB Net service cost $ 104 $ 19 $ 106 $ 21 Interest cost 217 30 238 31 Expected return on plan assets (167 ) — (200 ) — Amortization of actuarial losses 59 19 7 9 Net periodic benefit cost $ 213 $ 68 $ 151 $ 61 Nine fiscal months ended September 26, 2015 Nine fiscal months ended September 27, 2014 Pension OPEB Pension OPEB Net service cost $ 310 $ 57 $ 318 $ 63 Interest cost 644 90 711 93 Expected return on plan assets (493 ) — (599 ) — Amortization of actuarial losses 175 57 21 27 Net periodic benefit cost $ 636 $ 204 $ 451 $ 183

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 26, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The Amended and Restated Vishay Precision Group, Inc. Stock Incentive Program (as amended and restated, the “Plan”) permits the issuance of up to 1,000,000 shares of common stock. At September 26, 2015 , the Company had reserved 484,766 shares of common stock for future grant of equity awards (restricted stock, unrestricted stock, restricted stock units ("RSUs"), or stock options) pursuant to the Plan. If any outstanding awards are forfeited by the holder or canceled by the Company, the underlying shares would be available for regrant to others. On January 20, 2015, VPG’s three executive officers were granted annual equity awards in the form of RSUs, of which 75% are performance-based. The awards have an aggregate grant-date fair value of $1.0 million and were comprised of 59,325 RSUs as determined using the average of the closing stock prices of the Company's common stock for the last five trading days immediately preceding January 1, 2015. Twenty-five percent of these awards will vest on January 1, 2018, subject to the executives’ continued employment. The performance-based portion of the RSUs will also vest on January 1, 2018, subject to the satisfaction of certain performance objectives relating to three -year cumulative “free cash” and net earnings goals, and their continued employment. On March 30, 2015, certain VPG employees were granted annual equity awards in the form of RSUs, of which 75% are performance-based. The awards have an aggregate target grant-date fair value of $0.3 million and were comprised of 21,743 RSUs. Twenty-five percent of these awards will vest on January 1, 2018 subject to the employees' continued employment. The performance-based portion of the RSUs will also vest on January 1, 2018, subject to the satisfaction of certain performance objectives relating to three -year cumulative earnings and cash flow goals, and their continued employment. On May 21, 2015, the Board of Directors approved the issuance of an aggregate of 13,300 RSUs to the three independent board members and to the non-executive Chairman of the Board, with an aggregate grant-date fair value of $0.2 million . These RSUs will vest on May 21, 2016, subject to the directors' continued service on the Board. The amount of compensation cost related to share-based payment transactions is measured based on the grant-date fair value of the equity instruments issued. VPG determines compensation cost for RSUs based on the grant-date fair value of the underlying common stock. The Company recognizes compensation cost for RSUs that are expected to vest and for which performance criteria are expected to be met. The following table summarizes share-based compensation expense recognized (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Restricted stock units $ 380 $ 295 $ 796 $ 780 In the second and third quarters of 2015, share-based compensation expense was adjusted to reflect the anticipated performance levels associated with performance objectives on certain RSUs. During the second quarter of 2015, the Company determined that certain performance objectives associated with awards granted to executives and certain employees in 2014 were not likely to be fully met. Share-based compensation expense associated with the RSUs with vesting based upon those objectives was reversed to reflect the anticipated lower performance levels. During the third quarter of 2015, the Company determined that certain performance metrics, for which share-based compensation expense had been previously reversed, returned to levels such that the performance objectives were likely to be fully met. Therefore, share-based compensation expense associated with the RSUs with vesting based upon those objectives was increased resulting in the recording of additional expense in the third quarter of 2015.

Segment Information

Segment Information	9 Months Ended
	Sep. 26, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information VPG reports in three product segments: the Foil Technology Products segment, the Force Sensors segment, and the Weighing and Control Systems segment. The Foil Technology Products reporting segment is comprised of the foil resistor and strain gage operating segments. The Force Sensors reporting segment is comprised of transducers, load cells and modules. The Weighing and Control Systems reporting segment is comprised of instruments, complete systems for process control, and on-board weighing applications. VPG evaluates reporting segment performance based on multiple performance measures including revenues, gross profits and operating income, exclusive of certain items. Management believes that evaluating segment performance, excluding items such as restructuring costs, acquisition costs, and other items is meaningful because it provides insight with respect to the intrinsic operating results of VPG. The following table sets forth reporting segment information (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Net third-party revenues: Foil Technology Products $ 27,000 $ 27,327 $ 78,216 $ 81,362 Force Sensors 14,580 17,480 45,462 50,893 Weighing and Control Systems 15,569 18,595 49,587 57,549 Total $ 57,149 $ 63,402 $ 173,265 $ 189,804 Gross profit: Foil Technology Products $ 11,331 $ 11,158 $ 32,053 $ 32,153 Force Sensors 3,058 3,980 9,354 11,063 Weighing and Control Systems 7,061 8,532 22,057 27,073 Total $ 21,450 $ 23,670 $ 63,464 $ 70,289 Reconciliation of segment operating income to consolidated results: Foil Technology Products $ 7,024 $ 6,601 $ 19,096 $ 18,223 Force Sensors 892 1,497 2,326 3,855 Weighing and Control Systems 2,354 2,653 6,866 9,461 Unallocated G&A expenses (6,580 ) (6,728 ) (19,728 ) (19,957 ) Impairment of goodwill and indefinite-lived intangibles (4,942 ) — (4,942 ) — Restructuring costs (459 ) (144 ) (841 ) (475 ) Consolidated condensed operating (loss) income $ (1,711 ) $ 3,879 $ 2,777 $ 11,107 Impairment of goodwill and indefinite-lived intangibles: Weighing and Control Systems $ (4,942 ) $ — $ (4,942 ) $ — Restructuring costs: Foil Technology Products $ (135 ) $ (144 ) $ (135 ) $ (144 ) Force Sensors (295 ) — (599 ) — Weighing and Control Systems (29 ) — (107 ) (331 ) $ (459 ) $ (144 ) $ (841 ) $ (475 ) Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. Intersegment sales from the Foil Technology Products segment to the Force Sensors segment and Weighing and Control Systems segment were $0.5 million and $0.9 million during the fiscal quarters ended September 26, 2015 and September 27, 2014 , respectively, and $2.0 million and $2.3 million during the nine fiscal months ended September 26, 2015 and September 27, 2014 , respectively. Intersegment sales from the Force Sensors segment to the Foil Technology Products segment and Weighing and Control Systems segment were $0.5 million and $0.5 million during the fiscal quarters ended September 26, 2015 and September 27, 2014 , respectively, and $1.5 million and $1.3 million during the nine fiscal months ended September 26, 2015 and September 27, 2014 , respectively. Intersegment sales from the Weighing and Control Systems segment to the Force Sensors segment were $0.2 million and $0.2 million during the fiscal quarters ended September 26, 2015 and September 27, 2014 , respectively, and $0.7 million and $0.8 million during the nine fiscal months ended September 26, 2015 and September 27, 2014 , respectively.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 26, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share attributable to VPG stockholders (in thousands, except earnings per share) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Numerator: Numerator for basic earnings per share: Net (loss) earnings attributable to VPG stockholders $ (1,943 ) $ 3,234 $ 393 $ 7,987 Adjustment to the numerator for net earnings: Interest savings assuming conversion of dilutive exchangeable notes, net of tax — 2 5 5 Numerator for diluted (loss) earnings per share: Net (loss) earnings attributable to VPG stockholders $ (1,943 ) $ 3,236 $ 398 $ 7,992 Denominator: Denominator for basic earnings per share: Weighted average shares 13,347 13,757 13,558 13,755 Effect of dilutive securities: Exchangeable notes — 181 181 181 Employee stock options — — — 1 Restricted stock units — 39 33 31 Dilutive potential common shares — 220 214 213 Denominator for diluted earnings per share: Adjusted weighted average shares 13,347 13,977 13,772 13,968 Basic (loss) earnings per share attributable to VPG stockholders $ (0.15 ) $ 0.24 $ 0.03 $ 0.58 Diluted (loss) earnings per share attributable to VPG stockholders $ (0.15 ) $ 0.23 $ 0.03 $ 0.57 Diluted earnings per share for the periods presented do not reflect the following weighted average potential common shares, as the effect would be antidilutive (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Weighted average employee stock options — 18 18 18

Additional Financial Statement

Additional Financial Statement Information	9 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Financial Statement Information	Additional Financial Statement Information The caption “other” on the consolidated condensed statements of operations consists of the following (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Foreign exchange loss $ (448 ) $ (111 ) $ (1,686 ) $ (626 ) Interest income 61 56 152 176 Other — 178 (196 ) (110 ) $ (387 ) $ 123 $ (1,730 ) $ (560 )

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 26, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurement, establishes a valuation hierarchy of the inputs used to measure fair value. This hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable inputs that reflect the Company’s own assumptions. An asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis (in thousands) : Fair value measurements at reporting date using: Total Level 1 Level 2 Level 3 September 26, 2015 Assets Assets held in rabbi trusts $ 4,602 $ 755 $ 3,847 $ — December 31, 2014 Assets Assets held in rabbi trusts $ 4,725 $ 915 $ 3,810 $ — The Company maintains non-qualified trusts, referred to as “rabbi” trusts, to fund payments under deferred compensation and non-qualified pension plans. Rabbi trust assets consist primarily of marketable securities, classified as available-for-sale money market funds at September 26, 2015 and December 31, 2014 , and company-owned life insurance assets. The marketable securities held in the rabbi trusts are valued using quoted market prices on the last business day of the period. The company-owned life insurance assets are valued in consultation with the Company’s insurance brokers using the value of underlying assets of the insurance contracts. The fair value measurement of the marketable securities held in the rabbi trust is considered a Level 1 measurement and the measurement of the company-owned life insurance assets is considered a Level 2 measurement within the fair value hierarchy. The fair value of the long-term debt at September 26, 2015 and December 31, 2014 is approximately $16.9 million and $21.7 million , respectively, compared to its carrying value of $19.0 million and $22.8 million , respectively. The Company estimates the fair value of its long-term debt using a combination of quoted market prices for similar financing arrangements and expected future payments discounted at risk-adjusted rates. The fair value of long-term debt is considered a Level 2 measurement within the fair value hierarchy. The Company’s financial instruments include cash and cash equivalents whose carrying amounts reported in the consolidated condensed balance sheets approximate their fair values.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 26, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Restructuring In October 2015, the Company continued a cost reduction program at one of its subsidiaries in the United States due to a reduction in production levels. Restructuring costs of $0.4 million were incurred in relation to employee termination costs, including severance. It is anticipated that the restructuring costs will be fully paid in the fourth quarter of 2015. In October 2015, the Company continued a cost reduction program at its subsidiary in Israel. Restructuring costs of $0.1 million were incurred in relation to employee termination costs, including severance. It is anticipated that the restructuring costs will be fully paid in the fourth quarter of 2015. Credit Facility Amendment In October 2015, the Company entered into an amendment to its credit agreement to revise the financial maintenance covenants to which the Company is subject commencing with the fiscal quarter ended September 26, 2015 (the "October 2015 Amendment"). Giving effect to the October 2015 Amendment, the financial maintenance covenants include a tangible net worth ratio, a leverage ratio, a fixed charges coverage ratio and a minimum liquidity covenant, as an alternative to the fixed charges coverage ratio.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2015-16, " Business Combinations" (Topic 805), which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendment will be effective prospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The adoption of this standard update is not expected to have a material impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, " Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. " This standard update requires an entity to present debt issuance costs on the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be reported as interest expense. The update is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued, and the new provisions will be applied retrospectively to all prior periods presented. The adoption of this standard update is not expected to have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, " Revenue from Contracts with Customers ," which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The basis of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The ASU is effective for public entities for annual and interim periods beginning after December 15, 2017. The ASU may be early adopted for annual and interim periods beginning after December 15, 2016 under U.S. generally accepted accounting principles ("GAAP"), and either full or modified retrospective application is required. The Company has not yet selected a transition method and the effects of this standard on the Company's financial position, results of operations and cash flows are not yet known.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Fiscal Quarters	The four fiscal quarters in 2015 and 2014 end on the following dates: 2015 2014 Quarter 1 March 28, March 29, Quarter 2 June 27, June 28, Quarter 3 September 26, September 27, Quarter 4 December 31, December 31,

Goodwill and Other Intangible23

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The change in the carrying amount of goodwill by segment is as follows (in thousands) : Weighing and Control Systems Segment Gross Goodwill Accumulated Impairments Goodwill Balance at December 31, 2014 $ 17,400 $ (4,612 ) $ 12,788 Impairment charges — (4,739 ) (4,739 ) Foreign currency translation adjustment (2,175 ) 576 (1,599 ) Balance at September 26, 2015 $ 15,225 $ (8,775 ) $ 6,450
Schedule of Indefinite-Lived Intangible Assets	Intangible assets were as follows (in thousands) : September 26, 2015 December 31, 2014 Intangible assets subject to amortization (Definite-lived): Patents and acquired technology $ 7,107 $ 7,599 Customer relationships 15,337 16,734 Trade names 1,707 1,722 Non-competition agreements 11,313 11,687 35,464 37,742 Accumulated amortization: Patents and acquired technology (3,623 ) (3,477 ) Customer relationships (7,191 ) (6,772 ) Trade names (1,684 ) (1,677 ) Non-competition agreements (10,264 ) (9,906 ) (22,762 ) (21,832 ) Net intangible assets subject to amortization $ 12,702 $ 15,910 Intangible assets not subject to amortization (Indefinite-lived): Trade names 1,023 1,376 In-process research and development 75 95 $ 13,800 $ 17,381
Schedule of Finite-Lived Intangible Assets	Intangible assets were as follows (in thousands) : September 26, 2015 December 31, 2014 Intangible assets subject to amortization (Definite-lived): Patents and acquired technology $ 7,107 $ 7,599 Customer relationships 15,337 16,734 Trade names 1,707 1,722 Non-competition agreements 11,313 11,687 35,464 37,742 Accumulated amortization: Patents and acquired technology (3,623 ) (3,477 ) Customer relationships (7,191 ) (6,772 ) Trade names (1,684 ) (1,677 ) Non-competition agreements (10,264 ) (9,906 ) (22,762 ) (21,832 ) Net intangible assets subject to amortization $ 12,702 $ 15,910 Intangible assets not subject to amortization (Indefinite-lived): Trade names 1,023 1,376 In-process research and development 75 95 $ 13,800 $ 17,381

Restructuring Costs (Tables)

Restructuring Costs (Tables)	9 Months Ended
	Sep. 26, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The following table sets forth the restructuring costs recorded in the accompanying consolidated condensed statements of operations (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Israel cost reduction program $ 206 $ — $ 206 $ — Beijing, China voluntary program 95 — 337 — Tianjin, China voluntary program (6 ) — 56 — United Kingdom cost reduction program — — 78 — United States cost reduction program 135 144 135 144 Canada cost reduction program 29 — 29 331 $ 459 $ 144 $ 841 $ 475
Israel cost reduction program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2015 $ 206 Cash payments (13 ) Balance at September 26, 2015 $ 193
Beijing, China voluntary program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The following table summarizes the activity to date related to this program (in thousands) : Restructuring charge in 2015 $ 337 Cash payments (337 ) Balance at September 26, 2015 $ —
Tianjin, China voluntary program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2015 $ 62 Adjustment (6 ) Cash payments (56 ) Balance at September 26, 2015 $ —
United Kingdom cost reduction program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2015 $ 78 Cash payments (78 ) Balance at September 26, 2015 $ —
United States cost reduction program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2014 $ 153 Cash payments (62 ) Balance at December 31, 2014 91 Restructuring charges in 2015 135 Cash payments (226 ) Balance at September 26, 2015 $ —
Canada cost reduction program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The following table summarizes the activity to date related to this program (in thousands) : Restructuring charges in 2014 $ 515 Cash payments (255 ) Balance at December 31, 2014 260 Restructuring charges in 2015 29 Cash payments (289 ) Balance at September 26, 2015 $ —

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 26, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following (in thousands) : September 26, 2015 December 31, 2014 2013 Credit Agreement - U.S. term facility $ 4,500 $ 6,000 2013 Credit Agreement - Canadian term facility 9,750 12,000 Exchangeable unsecured notes, due 2102 4,097 4,097 Other debt 645 736 Total long-term debt 18,992 22,833 Less: current portion 5,870 5,120 Long-term debt, less current portion $ 13,122 $ 17,713

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 26, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss), net of tax, consist of the following (in thousands) : Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2015 $ (21,757 ) $ (4,803 ) $ (26,560 ) Other comprehensive loss before reclassifications (5,032 ) — (5,032 ) Amounts reclassified from accumulated other comprehensive income (loss) — 293 293 Balance at September 26, 2015 $ (26,789 ) $ (4,510 ) $ (31,299 ) Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2014 $ (13,742 ) $ (2,265 ) $ (16,007 ) Other comprehensive loss before reclassifications (3,233 ) — (3,233 ) Amounts reclassified from accumulated other comprehensive income (loss) — 79 79 Balance at September 27, 2014 $ (16,975 ) $ (2,186 ) $ (19,161 )

Pensions and Other Postretire27

Pensions and Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 26, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Pension and Other Retirement Plan Costs	The following table sets forth the components of the net periodic benefit cost for the Company's defined benefit pension and other postretirement benefit plans (in thousands) : Fiscal quarter ended Fiscal quarter ended Pension OPEB Pension OPEB Net service cost $ 104 $ 19 $ 106 $ 21 Interest cost 217 30 238 31 Expected return on plan assets (167 ) — (200 ) — Amortization of actuarial losses 59 19 7 9 Net periodic benefit cost $ 213 $ 68 $ 151 $ 61 Nine fiscal months ended September 26, 2015 Nine fiscal months ended September 27, 2014 Pension OPEB Pension OPEB Net service cost $ 310 $ 57 $ 318 $ 63 Interest cost 644 90 711 93 Expected return on plan assets (493 ) — (599 ) — Amortization of actuarial losses 175 57 21 27 Net periodic benefit cost $ 636 $ 204 $ 451 $ 183

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 26, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation Expense	The following table summarizes share-based compensation expense recognized (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Restricted stock units $ 380 $ 295 $ 796 $ 780

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 26, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting	The following table sets forth reporting segment information (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Net third-party revenues: Foil Technology Products $ 27,000 $ 27,327 $ 78,216 $ 81,362 Force Sensors 14,580 17,480 45,462 50,893 Weighing and Control Systems 15,569 18,595 49,587 57,549 Total $ 57,149 $ 63,402 $ 173,265 $ 189,804 Gross profit: Foil Technology Products $ 11,331 $ 11,158 $ 32,053 $ 32,153 Force Sensors 3,058 3,980 9,354 11,063 Weighing and Control Systems 7,061 8,532 22,057 27,073 Total $ 21,450 $ 23,670 $ 63,464 $ 70,289 Reconciliation of segment operating income to consolidated results: Foil Technology Products $ 7,024 $ 6,601 $ 19,096 $ 18,223 Force Sensors 892 1,497 2,326 3,855 Weighing and Control Systems 2,354 2,653 6,866 9,461 Unallocated G&A expenses (6,580 ) (6,728 ) (19,728 ) (19,957 ) Impairment of goodwill and indefinite-lived intangibles (4,942 ) — (4,942 ) — Restructuring costs (459 ) (144 ) (841 ) (475 ) Consolidated condensed operating (loss) income $ (1,711 ) $ 3,879 $ 2,777 $ 11,107 Impairment of goodwill and indefinite-lived intangibles: Weighing and Control Systems $ (4,942 ) $ — $ (4,942 ) $ — Restructuring costs: Foil Technology Products $ (135 ) $ (144 ) $ (135 ) $ (144 ) Force Sensors (295 ) — (599 ) — Weighing and Control Systems (29 ) — (107 ) (331 ) $ (459 ) $ (144 ) $ (841 ) $ (475 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 26, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share attributable to VPG stockholders (in thousands, except earnings per share) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Numerator: Numerator for basic earnings per share: Net (loss) earnings attributable to VPG stockholders $ (1,943 ) $ 3,234 $ 393 $ 7,987 Adjustment to the numerator for net earnings: Interest savings assuming conversion of dilutive exchangeable notes, net of tax — 2 5 5 Numerator for diluted (loss) earnings per share: Net (loss) earnings attributable to VPG stockholders $ (1,943 ) $ 3,236 $ 398 $ 7,992 Denominator: Denominator for basic earnings per share: Weighted average shares 13,347 13,757 13,558 13,755 Effect of dilutive securities: Exchangeable notes — 181 181 181 Employee stock options — — — 1 Restricted stock units — 39 33 31 Dilutive potential common shares — 220 214 213 Denominator for diluted earnings per share: Adjusted weighted average shares 13,347 13,977 13,772 13,968 Basic (loss) earnings per share attributable to VPG stockholders $ (0.15 ) $ 0.24 $ 0.03 $ 0.58 Diluted (loss) earnings per share attributable to VPG stockholders $ (0.15 ) $ 0.23 $ 0.03 $ 0.57
Schedule of Antidilutive Effects	Diluted earnings per share for the periods presented do not reflect the following weighted average potential common shares, as the effect would be antidilutive (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Weighted average employee stock options — 18 18 18

Additional Financial Statemen31

Additional Financial Statement Information (Tables)	9 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Income in Operations	The caption “other” on the consolidated condensed statements of operations consists of the following (in thousands) : Fiscal quarter ended Nine fiscal months ended September 26, 2015 September 27, 2014 September 26, 2015 September 27, 2014 Foreign exchange loss $ (448 ) $ (111 ) $ (1,686 ) $ (626 ) Interest income 61 56 152 176 Other — 178 (196 ) (110 ) $ (387 ) $ 123 $ (1,730 ) $ (560 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 26, 2015
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities at Fair Value, Recurring	The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis (in thousands) : Fair value measurements at reporting date using: Total Level 1 Level 2 Level 3 September 26, 2015 Assets Assets held in rabbi trusts $ 4,602 $ 755 $ 3,847 $ — December 31, 2014 Assets Assets held in rabbi trusts $ 4,725 $ 915 $ 3,810 $ —

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 26, 2015	Sep. 26, 2015
Goodwill
Beginning, Goodwill		$ 12,788
Impairment charges	$ 4,700
Ending, Goodwill	6,450	6,450
Weighing and Control Systems
Gross Goodwill
Beginning, Goodwill, Gross		17,400
Impairment charges		0
Foreign currency translation adjustment		(2,175)
Ending, Goodwill, Gross	15,225	15,225
Accumulated Impairments
Beginning, Goodwill, Accumulated Impairment Loss		(4,612)
Impairment charges		(4,739)
Foreign currency translation adjustment		576
Ending, Goodwill, Accumulated Impairment Loss	(8,775)	(8,775)
Goodwill
Beginning, Goodwill		12,788
Impairment charges		(4,739)
Foreign currency translation adjustment		(1,599)
Ending, Goodwill	$ 6,450	$ 6,450

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets (Schedule of Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 26, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	$ 35,464	$ 37,742
Accumulated amortization	(22,762)	(21,832)
Net intangible assets subject to amortization	12,702	15,910
Indefinite-lived Intangible Assets [Line Items]
Intangible assets, net	13,800	17,381
Trade names
Indefinite-lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	1,023	1,376
In-process research and development
Indefinite-lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	75	95
Patents and acquired technology
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	7,107	7,599
Accumulated amortization	(3,623)	(3,477)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	15,337	16,734
Accumulated amortization	(7,191)	(6,772)
Trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	1,707	1,722
Accumulated amortization	(1,684)	(1,677)
Non-competition agreements
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	11,313	11,687
Accumulated amortization	$ (10,264)	$ (9,906)

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 26, 2015	Sep. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, impairment loss	$ 4.7
Trade names
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets		$ 0.2
Net present value calculation, discount rate (percent)	17.00%

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 459	$ 144	$ 841	$ 475
Israel cost reduction program | ISRAEL
Restructuring Cost and Reserve [Line Items]
Restructuring charges	206	0	206	0
Beijing, China voluntary program | CHINA
Restructuring Cost and Reserve [Line Items]
Restructuring charges	95	0	337	0
Tianjin, China voluntary program | CHINA
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(6)	0	56	0
United Kingdom cost reduction program | UNITED KINGDOM
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0	78	0
United States cost reduction program | UNITED STATES
Restructuring Cost and Reserve [Line Items]
Restructuring charges	135	144	135	144
Canada cost reduction program | CANADA
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 29	$ 0	$ 29	$ 331

Restructuring Costs (Restructur

Restructuring Costs (Restructuring Activity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 31, 2014
Restructuring Reserve [Roll Forward]
Restructuring charges	$ 459	$ 144	$ 841	$ 475
Employee Severance | Israel cost reduction program
Restructuring Reserve [Roll Forward]
Restructuring charges			206
Cash payments			(13)
Ending balance, restructuring reserve	193		193
Employee Severance | Beijing, China voluntary program
Restructuring Reserve [Roll Forward]
Restructuring charges			337
Cash payments			(337)
Ending balance, restructuring reserve	0		0
Employee Severance | Tianjin, China voluntary program
Restructuring Reserve [Roll Forward]
Restructuring charges			62
Adjustment			(6)
Cash payments			(56)
Ending balance, restructuring reserve	0		0
Employee Severance | United Kingdom cost reduction program
Restructuring Reserve [Roll Forward]
Restructuring charges			78
Cash payments			(78)
Ending balance, restructuring reserve	0		0
Employee Severance | United States cost reduction program
Restructuring Reserve [Roll Forward]
Restructuring charges			135		$ 153
Cash payments			(226)		(62)
Ending balance, restructuring reserve	0		0		91
Employee Severance | Canada cost reduction program
Restructuring Reserve [Roll Forward]
Restructuring charges			29		515
Cash payments			(289)		(255)
Ending balance, restructuring reserve	$ 0		$ 0		$ 260

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Jun. 28, 2014	Sep. 26, 2015	Sep. 27, 2014
Income Tax Disclosure [Abstract]
Effective tax rate (percent)	13.50%	13.80%		32.90%	18.20%
Effective tax rate, excluding impact of impairment (percent)	24.90%			21.00%
Effective income tax rate reconciliation, repatriation of foreign earnings, amount			$ 1.9
Effective income tax rate reconciliation, change in deferred tax asset value allowance, amount			$ (2)
Anticipated change in unrecognized tax benefits, lower bound	$ 0.5			$ 0.5
Anticipated change in unrecognized tax benefits, upper bound	$ 0.8			$ 0.8

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Sep. 26, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Exchangeable unsecured notes, due 2102	$ 4,097	$ 4,097
Other debt	645	736
Total long-term debt	18,992	22,833
Less: current portion	5,870	5,120
Long-term debt, less current portion	13,122	17,713
2013 credit agreement - U.S. term facility
Debt Instrument [Line Items]
Secured debt	4,500	6,000
2013 credit agreement - Canadian term facility
Debt Instrument [Line Items]
Secured debt	$ 9,750	$ 12,000

Accumulated Other Comprehensi40

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	$ (26,560)	$ (16,007)
Other comprehensive loss before reclassifications	(5,032)	(3,233)
Amounts reclassified from accumulated other comprehensive income (loss)	293	79
Balance, ending	(31,299)	(19,161)
Foreign Currency Translation Adjustment
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(21,757)	(13,742)
Other comprehensive loss before reclassifications	(5,032)	(3,233)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Balance, ending	(26,789)	(16,975)
Pension and Other Postretirement Actuarial Items
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(4,803)	(2,265)
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	293	79
Balance, ending	$ (4,510)	$ (2,186)

Pensions and Other Postretire41

Pensions and Other Postretirement Benefits (Schedule of Net Pension and Other Retirement Plan Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net service cost	$ 104	$ 106	$ 310	$ 318
Interest cost	217	238	644	711
Expected return on plan assets	(167)	(200)	(493)	(599)
Amortization of actuarial losses	59	7	175	21
Net periodic benefit cost	213	151	636	451
Other Postretirement Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Net service cost	19	21	57	63
Interest cost	30	31	90	93
Expected return on plan assets	0	0	0	0
Amortization of actuarial losses	19	9	57	27
Net periodic benefit cost	$ 68	$ 61	$ 204	$ 183

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) $ in Millions	May. 21, 2015USD ($)peopleshares	Mar. 30, 2015USD ($)shares	Jan. 20, 2015USD ($)peopleshares	Sep. 26, 2015shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (up to)				1,000,000
Number of shares available for grant				484,766
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of people granted awards | people	3		3
Percentage of performance based units on total units approved		75.00%	75.00%
Weighted average grant date fair value | $	$ 0.2	$ 0.3	$ 1
Number of RSUs Granted	13,300	21,743	59,325
Number of trading days used in grant date fair value calculation			5 days
Share-based compensation arrangement bye share-based payment award, award vesting period		3 years	3 years
Vesting on January 1, 2018 | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights (percentage)		25.00%	25.00%

Share-Based Compensation (Sched

Share-Based Compensation (Schedule of Share-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted stock units	$ 380	$ 295	$ 796	$ 780

Segment Information (Schedule o

Segment Information (Schedule of Segment Reporting) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Segment Reporting Information [Line Items]
Net third-party revenues	$ 57,149	$ 63,402	$ 173,265	$ 189,804
Gross profit	21,450	23,670	63,464	70,289
Segment operating income (loss)	(1,711)	3,879	2,777	11,107
Unallocated G&A expenses	(6,580)	(6,728)	(19,728)	(19,957)
Impairment of goodwill and indefinite-lived intangibles	(4,942)	0	(4,942)	0
Restructuring costs	(459)	(144)	(841)	(475)
Operating Segments | Foil Technology Products
Segment Reporting Information [Line Items]
Net third-party revenues	27,000	27,327	78,216	81,362
Gross profit	11,331	11,158	32,053	32,153
Segment operating income (loss)	7,024	6,601	19,096	18,223
Restructuring costs	(135)	(144)	(135)	(144)
Operating Segments | Force Sensors
Segment Reporting Information [Line Items]
Net third-party revenues	14,580	17,480	45,462	50,893
Gross profit	3,058	3,980	9,354	11,063
Segment operating income (loss)	892	1,497	2,326	3,855
Restructuring costs	(295)	0	(599)	0
Operating Segments | Weighing and Control Systems
Segment Reporting Information [Line Items]
Net third-party revenues	15,569	18,595	49,587	57,549
Gross profit	7,061	8,532	22,057	27,073
Segment operating income (loss)	2,354	2,653	6,866	9,461
Impairment of goodwill and indefinite-lived intangibles	(4,942)	0	(4,942)	0
Restructuring costs	$ (29)	$ 0	$ (107)	$ (331)

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015USD ($)	Sep. 27, 2014USD ($)	Sep. 26, 2015USD ($)segment	Sep. 27, 2014USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			3
Net revenues	$ 57,149	$ 63,402	$ 173,265	$ 189,804
Foil Technology Products | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net revenues	500	900	2,000	2,300
Force Sensors | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net revenues	500	500	1,500	1,300
Weighing and Control Systems | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net revenues	$ 200	$ 200	$ 700	$ 800

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Numerator:
Net (loss) earnings attributable to VPG stockholders	$ (1,943)	$ 3,234	$ 393	$ 7,987
Adjustment to the numerator for net earnings:
Interest savings assuming conversion of dilutive exchangeable notes, net of tax	0	2	5	5
Numerator for diluted (loss) earnings per share:
Net (loss) earnings attributable to VPG stockholders	$ (1,943)	$ 3,236	$ 398	$ 7,992
Denominator:
Weighted average shares	13,347	13,757	13,558	13,755
Effect of dilutive securities:
Exchangeable notes	0	181	181	181
Employee stock options	0	0	0	1
Restricted stock units	0	39	33	31
Dilutive potential common shares	0	220	214	213
Denominator for diluted earnings per share:
Adjusted weighted average shares	13,347	13,977	13,772	13,968
Basic (loss) earnings per share attributable to VPG stockholders (dollars per share)	$ (0.15)	$ 0.24	$ 0.03	$ 0.58
Diluted (loss) earnings per share attributable to VPG stockholders (dollars per share)	$ (0.15)	$ 0.23	$ 0.03	$ 0.57

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Antidilutive Effects) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average employee stock options	0	18	18	18

Additional Financial Statemen48

Additional Financial Statement Information (Schedule of Other Items in Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign exchange loss	$ (448)	$ (111)	$ (1,686)	$ (626)
Interest income	61	56	152	176
Other	0	178	(196)	(110)
Other nonoperating income (expense)	$ (387)	$ 123	$ (1,730)	$ (560)

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Assets and Liabilities at Fair Value, Recurring) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 26, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	$ 4,602	$ 4,725
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	755	915
Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	3,847	3,810
Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	$ 0	$ 0

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Sep. 26, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Long-term debt, fair value	$ 16,900	$ 21,700
Long-term debt, carrying value	$ 18,992	$ 22,833

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2015USD ($)subsidiary	Sep. 26, 2015USD ($)	Sep. 27, 2014USD ($)	Sep. 26, 2015USD ($)	Sep. 27, 2014USD ($)
Subsequent Event [Line Items]
Restructuring costs		$ 459	$ 144	$ 841	$ 475
United States cost reduction program | UNITED STATES
Subsequent Event [Line Items]
Restructuring costs		135	144	135	144
United States cost reduction program | UNITED STATES | Subsequent Event
Subsequent Event [Line Items]
Number of subsidiaries involved in restructuring program | subsidiary	1
Restructuring costs	$ 400
Israel cost reduction program | ISRAEL
Subsequent Event [Line Items]
Restructuring costs		$ 206	$ 0	$ 206	$ 0
Israel cost reduction program | ISRAEL | Subsequent Event
Subsequent Event [Line Items]
Restructuring costs	$ 100