Vishay Precision (VPG) 10-Q 7 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 07, 2018
Entity Registrant Name	Vishay Precision Group, Inc.
Entity Central Index Key	1,487,952
Current Fiscal Year End Date	--06-30
Trading Symbol	VPG
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Entity Common Stock, Shares Outstanding		12,449,253
Class B Convertible Common Stock
Entity Common Stock, Shares Outstanding		1,025,158

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 74,713	$ 74,292
Accounts receivable, net	52,103	46,789
Inventories:
Raw materials	19,502	16,601
Work in process	23,936	23,160
Finished goods	21,984	20,174
Inventories, net	65,422	59,935
Prepaid expenses and other current assets	11,660	10,299
Total current assets	203,898	191,315
Property and equipment, at cost:
Land	3,412	3,434
Buildings and improvements	50,376	50,276
Machinery and equipment	97,772	95,158
Software	8,160	7,955
Construction in progress	2,172	2,252
Accumulated depreciation	(107,399)	(103,401)
Property and equipment, net	54,493	55,674
Goodwill	18,799	19,181
Intangible assets, net	18,966	20,475
Other assets	18,743	19,906
Total assets	314,899	306,551
Liabilities and equity
Trade accounts payable	11,049	13,678
Payroll and related expenses	14,932	15,892
Other accrued expenses	16,758	15,952
Income taxes	2,888	2,515
Current portion of long-term debt	4,088	3,878
Total current liabilities	49,715	51,915
Long-term debt, less current portion	26,690	28,477
Deferred income taxes	2,300	2,300
Other liabilities	13,781	14,131
Accrued pension and other postretirement costs	16,115	16,424
Total liabilities	108,601	113,247
Commitments and contingencies
Equity:
Common stock	1,307	1,288
Treasury stock	(8,765)	(8,765)
Capital in excess of par value	195,668	192,904
Retained earnings	55,604	43,076
Accumulated other comprehensive loss	(37,598)	(35,450)
Total Vishay Precision Group, Inc. stockholders' equity	206,319	193,156
Noncontrolling interests	(21)	148
Total equity	206,298	193,304
Total liabilities and equity	314,899	306,551
Class B Convertible Common Stock
Equity:
Common stock	$ 103	$ 103

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Income Statement [Abstract]
Net revenues	$ 74,231	$ 62,319	$ 147,322	$ 122,106
Costs of products sold	42,865	37,560	87,451	74,830
Gross profit	31,366	24,759	59,871	47,276
Selling, general, and administrative expenses	19,990	18,591	40,309	36,609
Restructuring costs	61	315	61	869
Operating income	11,315	5,853	19,501	9,798
Other income (expense):
Interest expense	(478)	(468)	(920)	(920)
Other	(272)	(571)	(921)	(1,100)
Other income (expense) - net	(750)	(1,039)	(1,841)	(2,020)
Income before taxes	10,565	4,814	17,660	7,778
Income tax expense	2,882	1,198	5,019	2,159
Net earnings	7,683	3,616	12,641	5,619
Less: net loss attributable to noncontrolling interests	(10)	(3)	(40)	5
Net earnings attributable to VPG stockholders	$ 7,693	$ 3,619	$ 12,681	$ 5,614
Basic earnings per share attributable to VPG stockholders (dollars per share)	$ 0.57	$ 0.27	$ 0.95	$ 0.42
Diluted earnings per share attributable to VPG stockholders (dollars per share)	$ 0.57	$ 0.27	$ 0.94	$ 0.42
Weighted average shares outstanding - basic	13,464	13,257	13,409	13,233
Weighted average shares outstanding - diluted	13,513	13,446	13,511	13,442

Consolidated Condensed Stateme4

Consolidated Condensed Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 7,683	$ 3,616	$ 12,641	$ 5,619
Other comprehensive income (loss):
Foreign currency translation adjustment	(3,934)	2,345	(2,517)	3,834
Pension and other postretirement actuarial items, net of tax	275	(67)	369	(31)
Other comprehensive income (loss)	(3,659)	2,278	(2,148)	3,803
Total comprehensive income	4,024	5,894	10,493	9,422
Less: comprehensive loss attributable to noncontrolling interests	(10)	(3)	(40)	5
Comprehensive income attributable to VPG stockholders	$ 4,034	$ 5,897	$ 10,533	$ 9,417

Consolidated Condensed Stateme5

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017
Operating activities
Net earnings	$ 12,641	$ 5,619
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	5,332	5,318
Gain on disposal of property and equipment	(83)	(141)
Share-based compensation expense	801	492
Inventory write-offs for obsolescence	1,158	982
Deferred income taxes	1,086	(104)
Other	455	(445)
Net changes in operating assets and liabilities:
Accounts receivable, net	(6,141)	(6,928)
Inventories, net	(7,304)	(761)
Prepaid expenses and other current assets	(1,724)	(1,397)
Trade accounts payable	(390)	1,020
Other current liabilities	1,536	3,676
Net cash provided by operating activities	7,367	7,331
Investing activities
Capital expenditures	(6,134)	(3,146)
Proceeds from sale of property and equipment	106	326
Net cash used in investing activities	(6,028)	(2,820)
Financing activities
Principal payments on long-term debt and capital leases	(3,847)	(1,314)
Proceeds from revolving facility	11,000	16,000
Payments on revolving facility	(6,000)	(16,000)
Distributions to noncontrolling interests	(129)	(46)
Payments of employee taxes on certain share-based arrangements	(801)	(303)
Net cash provided by (used in) financing activities	223	(1,663)
Effect of exchange rate changes on cash and cash equivalents	(1,141)	1,858
Increase in cash and cash equivalents	421	4,706
Cash and cash equivalents at beginning of period	74,292	58,452
Cash and cash equivalents at end of period	74,713	63,158
Supplemental disclosure of non-cash investing transactions:
Capital expenditures purchased	(3,988)	(3,146)
Supplemental disclosure of non-cash financing transactions:
Conversion of exchangeable notes to common stock	$ (2,794)	$ (1,303)

Consolidated Condensed Stateme6

Consolidated Condensed Statement of Equity - 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, 2016							$ (40,337)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	$ 5,619
Common stock issuance from conversion of exchangeable notes (123,808 shares)	1,303
Balance, ending at Jul. 01, 2017							(36,534)
Balance, beginning at Dec. 31, 2017	193,304	$ 1,288	$ 103	$ (8,765)	$ 192,904	$ 43,076	(35,450)	$ 193,156	$ 148
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	12,641					12,681		12,681	(40)
Other comprehensive income	(2,148)						(2,148)	(2,148)
Share-based compensation expense	801				801			801
Restricted stock issuances (59,038 shares)	(812)	7			(819)			(812)
Common stock issuance from conversion of exchangeable notes (123,808 shares)	2,794	12			2,782			2,794
Cumulative effect adjustment for adoption of ASU 2016-16	(153)					(153)		(153)
Distributions to noncontrolling interests	(129)								(129)
Balance, ending at Jun. 30, 2018	$ 206,298	$ 1,307	$ 103	$ (8,765)	$ 195,668	$ 55,604	$ (37,598)	$ 206,319	$ (21)

Consolidated Condensed Stateme7

Consolidated Condensed Statement of Equity (Parenthetical) - Common Stock	6 Months Ended
	Jun. 30, 2018shares
Restricted stock issuances, shares	59,038
Common stock issuance from conversion of exchangeable notes, shares	123,808

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
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, 2017 and 2016 and for each of the three years in the period ended December 31, 2017 , included in VPG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 , filed with the SEC on March 15, 2018. The results of operations for the fiscal quarter ended June 30, 2018 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 2018 and 2017 end on the following dates: 2018 2017 Quarter 1 March 31, April 1, Quarter 2 June 30, July 1, Quarter 3 September 29, September 30, Quarter 4 December 31, December 31, Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 “ Revenue from Contracts with Customers ,” and modified the standard thereafter. The objective of the ASU is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that 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 Company adopted this standard as of January 1, 2018 using the modified retrospective method. See Note 2 for additional details. In August 2016, the FASB issued ASU No. 2016-15, “Classification of Certain Cash Receipts and Cash Payments .” This ASU is intended to clarify the presentation of certain cash receipts and payments within the statement of cash flows. The Company adopted this standard effective January 1, 2018 and it did not have a material impact on the consolidated condensed financial statements. In October 2016, the FASB issued ASU No. 2016-16, " Intra-Entity Transfers of Assets Other Than Inventory. ” This ASU requires entities to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The income tax consequences from the sale of inventory from one member of the consolidated entity to another will continue to be deferred until the inventory is sold to a third party. The Company’s adoption of this standard on January 1, 2018 resulted in a $0.2 million cumulative effect adjustment to the 2018 beginning retained earnings. In January 2017, the FASB issued ASU No. 2017‑01, “ Clarifying the Definition of a Business. ” This ASU provides a more robust framework to determine when a set of assets and activities constitutes a business. The Company adopted this standard effective January 1, 2018 and it did not have a material impact on the consolidated condensed financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ." This ASU requires the service cost component of net periodic benefit cost to be presented in the same income statement line item as other employee compensation costs. All other components of the net periodic benefit cost are presented outside of operating income. The Company adopted the new standard as of January 1, 2018 and recorded the non-service cost component of $0.2 million and $0.5 million to Other income (expense) - other for the fiscal quarter and six fiscal months ended June 30, 2018 , respectively. Additionally, the non-service cost component of $0.2 million and $0.4 million was reclassified from Operating income to Other income (expense) - other for the fiscal quarter and six fiscal months ended July 1, 2017 , respectively. In May 2017, the FASB issued ASU No. 2017-09, “Scope of Modification Accounting ." This ASU clarifies which changes to the terms or conditions of a share-based payment award will require modification accounting. The Company adopted this standard effective January 1, 2018 and it did not have a material impact on the consolidated condensed financial statements. Recent Accounting Pronouncements In January 2018, the FASB issued ASU No. 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which gives entities the option to reclassify to retained earnings the tax effects resulting from the Tax Cuts and Jobs Act ("2017 Tax Act") related to items in accumulated other comprehensive income ("AOCI") that the FASB refers to as having been stranded in AOCI. The new guidance may be applied retrospectively to each period in which the effect of the 2017 Tax Act is recognized in the period of adoption. The Company must adopt this guidance for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted for periods for which financial statements have not yet been issued or made available for issuance, including the period during which the 2017 Tax Act was enacted. The guidance, when adopted, will require new disclosures regarding a company’s accounting policy for releasing the tax effects in AOCI and permit the company the option to reclassify to retained earnings the tax effects resulting from the 2017 Tax Act that are stranded in AOCI. The Company is evaluating the new standard to determine the impact on the consolidated condensed financial statements. In January 2017, the FASB issued ASU No. 2017‑04, “ Simplifying the Test for Goodwill Impairment .” This ASU eliminates the requirement to calculate the implied fair value of goodwill (second step) to measure a goodwill impairment charge. Under the guidance, an impairment charge will be measured based on the excess of the reporting unit’s carrying amount over its fair value (first step). The amendments in this ASU are effective for interim and annual reporting periods beginning after December 15, 2019 and early adoption is permitted. The Company is evaluating the standard to determine the impact on the consolidated condensed financial statements. In February 2016, the FASB issued ASU No. 2016-02, “ Leases (Topic 842) ,” a comprehensive new lease standard that amends various aspects of existing accounting guidance for leases. The core principle of this ASU will require lessees to present the assets and liabilities that arise from leases on their balance sheets. The ASU is effective for public companies for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the standard to determine the impact on the consolidated condensed financial statements.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue	Revenues Adoption of ASC 606 On January 1, 2018 the Company adopted Accounting Standards Codification ("ASC") 606 using the modified retrospective method. All of our contracts outstanding at December 31, 2017 were considered substantially complete as of January 1, 2018 and therefore resulted in no cumulative effect adjustments. The Company has determined that the impact of adoption of ASC 606 will not have a material impact on the timing or amount of revenue that we recognize based on our business activities existing at the date of adoption. Revenue Recognition Revenue is recognized when obligations under the terms of a contract with our customer are satisfied, which generally occurs with the transfer of control of our products. For certain contracts with post-shipment obligations, revenue is recognized when the post-shipment obligation is satisfied. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods or providing post-shipment obligations. Sales, value add and other taxes collected concurrent with revenue-producing activities are excluded from revenue. Given the specialized nature of the Company's products, it generally does not allow product returns. Shipping and handling costs are recorded to Costs of product sold when control of the product has transferred to the customer. The Company offers standard product warranties. Warranty related costs continue to be recognized as expense when the products are sold. The following table disaggregates net revenue by geographic region from contracts with customers based on net revenues generated by subsidiaries within that geographic location (in thousands) : Three Months Ended June 30, 2018 Three Months Ended July 1, 2017 Foil Technology Force Weighing and Total Foil Technology Force Weighing and Total United States $ 14,933 $ 10,997 $ 5,868 $ 31,798 $ 13,856 $ 7,709 $ 4,829 $ 26,394 United Kingdom 965 2,689 3,677 7,331 706 3,144 2,736 6,586 Other Europe 7,703 2,960 4,527 15,190 6,041 2,094 3,823 11,958 Israel 2,471 144 — 2,615 1,497 172 — 1,669 Asia 8,130 2,568 2,716 13,414 7,206 2,537 1,530 11,273 Canada — — 3,883 3,883 — — 4,439 4,439 Total $ 34,202 $ 19,358 $ 20,671 $ 74,231 $ 29,306 $ 15,656 $ 17,357 $ 62,319 Six Fiscal Months Ended June 30, 2018 Six Fiscal Months Ended July 1, 2017 Foil Technology Force Weighing and Total Foil Technology Force Weighing and Total United States $ 28,852 $ 21,022 $ 11,401 $ 61,275 $ 25,839 $ 15,979 $ 9,516 $ 51,334 United Kingdom 1,913 6,052 7,270 15,235 1,512 6,068 5,428 13,008 Other Europe 15,475 6,000 9,900 31,375 12,579 4,166 7,858 24,603 Israel 4,841 286 — 5,127 2,710 316 — 3,026 Asia 17,275 5,226 3,832 26,333 14,430 4,595 2,987 22,012 Canada — — 7,977 7,977 — — 8,123 8,123 $ 68,356 $ 38,586 $ 40,380 $ 147,322 $ 57,070 $ 31,124 $ 33,912 $ 122,106 The following table disaggregates net revenue from contracts with customers by market sector (in thousands) : Fiscal quarter ended Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Test & Measurement $ 19,117 $ 16,039 $ 38,377 $ 32,022 Avionics, Military & Space 5,875 6,358 11,566 11,408 Medical 2,295 2,159 4,974 4,266 Precision Weighing 23,825 19,452 47,648 38,537 Force Measurement 16,973 12,430 34,265 24,805 Steel 6,146 5,881 10,492 11,068 Total $ 74,231 $ 62,319 $ 147,322 $ 122,106 Arrangements with Multiple Performance Obligations Contracts with our customers can include multiple performance obligations. For such arrangements, we allocate revenues to each performance obligation based on its relative standalone selling price which is determined based on the prices charged to customers when sold on a standalone basis. Contract Assets & Liabilities Contract assets are established when revenues are recognized prior to a contractual payment due from the customer. When a payment becomes due based on the contract terms, the Company will reduce the contract asset and record a receivable. Contract liabilities are deferred revenues that are recorded when cash payments are received or due in advance of our performance obligations. Our payment terms vary by the type and location of the products offered. The term between invoicing and when payment is due is not significant. The outstanding contract assets and liability accounts were as follows (in thousands) : Contract Asset Contract Liability Unbilled Revenue Accrued Customer Advances Balance at December 31, 2017 $ 824 $ 3,229 Balance at June 30, 2018 995 4,893 Increase $ 171 $ 1,664 The amount of revenue recognized during the six fiscal months ended June 30, 2018 that was included in the contract liability balance at December 31, 2017 was $2.4 million . Of the $3.8 million of contract liability balance at March 31, 2018, the Company recognized $1.5 million as revenue during the second quarter of 2018. Practical Expedients The Company does not disclose the value of unsatisfied performance obligations for contracts that have a duration of one year or less and for contracts that are substantially complete. The Company treats shipping and handling activities as fulfillment costs.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The change in the carrying amount of goodwill by segment is as follows (in thousands) : Total Weighing and Control Systems Segment Foil Technology Products Segment KELK Acquisition Stress-Tek Acquisition Pacific Acquisition Balance at December 31, 2017 $ 19,181 $ 6,828 $ 6,311 $ 6,042 Foreign currency translation adjustment (382 ) (382 ) — — Balance at June 30, 2018 $ 18,799 $ 6,446 $ 6,311 $ 6,042

Restructuring Costs

Restructuring Costs	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring Costs	Restructuring Costs Restructuring costs represent cost reduction programs initiated 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 Company recorded restructuring costs during the fiscal quarter and six fiscal months ended June 30, 2018 of $0.1 million , which consisted mainly of employee termination costs in connection with cost reduction programs in Asia. During the fiscal quarter and six fiscal months ended July 1, 2017 , the Company recorded aggregate restructuring costs of $0.3 million and $0.9 million , respectively, which consisted mainly of employee termination costs and facility closure costs incurred in connection with various cost reduction programs in Europe, the United States and Canada. The following table summarizes recent activity related to all restructuring programs. The accrued restructuring liability balance as of June 30, 2018 and December 31, 2017, respectively, is included in Other accrued expenses in the accompanying consolidated condensed balance sheets (in thousands) : Balance at December 31, 2017 $ 254 Restructuring costs in 2018 61 Cash payments (160 ) Foreign currency translation — Balance at June 30, 2018 $ 155

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the 2017 Tax Act was enacted. The 2017 Tax Act significantly changed U.S. tax law by, among other things, lowering the corporate tax rate, implementing a partial territorial tax system, and imposing a one-time transition tax on post 1986 undistributed foreign earnings as of December 31, 2017. The 2017 Tax Act permanently reduced the U.S. corporate tax rate from a maximum of 35% to a flat 21%, effective January 1, 2018. On December 22, 2017 the SEC staff issued Staff Accounting Bulletin ("SAB") 118 to address the application of U.S. GAAP in situations when a registrant does not have all the necessary information available to prepare and analyze the accounting treatment for the proper recognition of the tax impact of the 2017 Tax Act. In accordance with SAB 118 guidance, the Company has recorded the provisional tax impacts related to the deemed distribution of foreign earnings and the benefit for the revaluation of deferred tax assets and liabilities in its consolidated financial statements for the year ended December 31, 2017. The final impact may differ from the provisional amount recognized. In accordance with SAB 118, the financial reporting impact of the 2017 Tax Act will be completed in the fourth quarter of 2018. As of June 30, 2018 , the Company has not completed the analysis of all the tax effects of the 2017 Tax Act and has not recorded any additional adjustments to the provisional amounts recorded at December 31, 2017 year-end. The Company will continue to make and refine its calculations as additional analysis is completed. These estimates may also be affected as the Company gains a more thorough understanding of the 2017 Tax Act. These changes could be material to income tax expense. The 2017 Tax Act subjects a U.S. shareholder to tax on Global Intangible Low-Taxed Income (“GILTI”) earned by certain foreign subsidiaries. The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income, states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred as a period expense only. Given the complexity of the GILTI provisions, the Company is still evaluating the effects of the GILTI provisions and has not yet determined its accounting policy. As of June 30, 2018 , because the Company is still evaluating the GILTI provisions and its analysis of future taxable income that is subject to GILTI, it has included GILTI related to current-year operations only in its Estimated Annual Effective Tax Rate and has not provided additional GILTI on deferred items. VPG calculates the tax provision for interim periods using an estimated annual effective tax rate methodology based on projected full-year pre-tax earnings among the taxing jurisdictions in which we operate with adjustments for discrete items. The effective tax rate for the fiscal quarter ended June 30, 2018 was 27.3% compared to 24.9% for the fiscal quarter ended July 1, 2017 . The effective tax rate for the six fiscal months ended June 30, 2018 was 28.4% compared to 27.8% for the six fiscal months ended July 1, 2017 . The tax rate in the current fiscal quarter is higher than the prior year fiscal quarter because of the impact in the current quarter of certain discrete tax items, primarily having to do with foreign exchange gains and losses on the Israeli shekel. The current six fiscal month tax rate is higher than the prior year six fiscal month tax rate as a result of tax rate change benefits and foreign exchange losses recognized in the prior year fiscal period, while foreign exchange gains were recognized in the current fiscal period. The Company and its subsidiaries are subject to income taxes in the United States 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.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands) : June 30, 2018 December 31, 2017 2015 Credit Agreement - Revolving Facility $ 14,000 $ 9,000 2015 Credit Agreement - U.S. Closing Date Term Facility 3,315 3,664 2015 Credit Agreement - U.S. Delayed Draw Term Facility 8,105 8,956 2015 Credit Agreement - Canadian Term Facility 5,294 7,880 Exchangeable Unsecured Notes, due 2102 — 2,794 Other debt 343 401 Deferred financing costs (279 ) (340 ) Total long-term debt 30,778 32,355 Less: current portion 4,088 3,878 Long-term debt, less current portion $ 26,690 $ 28,477 Exchangeable Unsecured Notes, due 2102 Effective February 26, 2018, the holder of the Company's exchangeable notes exercised its option to exchange the remaining $2.8 million principal amount of the notes for 123,808 shares of VPG common stock at the contractual put/call rate of $22.57 per share. Following this transaction, all exchangeable notes have been canceled and VPG has no further obligations pursuant to such notes.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2018
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, 2018 $ (27,390 ) $ (8,060 ) $ (35,450 ) Other comprehensive income before reclassifications (2,517 ) — (2,517 ) Amounts reclassified from accumulated other comprehensive income (loss) — 369 369 Balance at June 30, 2018 $ (29,907 ) $ (7,691 ) $ (37,598 ) Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2017 $ (33,192 ) $ (7,145 ) $ (40,337 ) Other comprehensive loss before reclassifications 3,834 — 3,834 Amounts reclassified from accumulated other comprehensive income (loss) — (31 ) (31 ) Balance at July 1, 2017 $ (29,358 ) $ (7,176 ) $ (36,534 ) 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 8).

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [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 OPEB plans (in thousands) : Fiscal quarter ended Fiscal quarter ended Pension OPEB Pension OPEB Net service cost $ 137 $ 27 $ 119 $ 28 Interest cost 174 38 165 35 Expected return on plan assets (141 ) — (132 ) — Amortization of actuarial losses 130 44 113 28 Net periodic benefit cost $ 300 $ 109 $ 265 $ 91 Six fiscal months ended June 30, 2018 Six fiscal months ended July 1, 2017 Pension OPEB Pension OPEB Net service cost $ 275 $ 54 $ 236 $ 56 Interest cost 350 76 328 70 Expected return on plan assets (283 ) — (262 ) — Amortization of actuarial losses 261 88 224 56 Net periodic benefit cost $ 603 $ 218 $ 526 $ 182

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 , the Company had reserved 182,055 shares of common stock for future grants 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 re-grant to others. On February 16, 2018, VPG’s three current executive officers 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 $1.3 million and were comprised of 52,166 RSUs. Twenty-five percent of these awards will vest on January 1, 2021, subject to the executives’ continued employment. The performance-based portion of the RSUs will also vest on January 1, 2021, subject to the executives' continued employment and the satisfaction of certain performance objectives relating to three -year cumulative “free cash” and adjusted net earnings goals, each weighted equally. On March 21, 2018, certain VPG employees 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 $0.4 million and were comprised of 13,215 RSUs. Twenty-five percent of these awards will vest on January 1, 2021 subject to the employees' continued employment. The performance-based portion of the RSUs will also vest on January 1, 2021, subject to the satisfaction of certain performance objectives relating to three -year cumulative earnings and cash flow goals, and the employees' continued employment. On May 17, 2018, the Board of Directors approved the issuance of an aggregate of 9,294 RSUs to the independent board members of the Board of Directors and to the non-executive Chairman of the Board of Directors. The awards have an aggregate grant-date fair value of $0.3 million and will vest on the earlier of VPG's next Annual Stockholders Meeting or May 17, 2019, subject to the directors' continued service on the Board of Directors. 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 Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Restricted stock units $ 428 $ 248 $ 801 $ 492

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
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 complete systems which include load cells and instrumentation for weighing, force control and force measurement for a variety of uses such as 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 Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Net third-party revenues: Foil Technology Products $ 34,202 $ 29,306 $ 68,356 $ 57,070 Force Sensors 19,358 15,656 38,586 31,124 Weighing and Control Systems 20,671 17,357 40,380 33,912 Total $ 74,231 $ 62,319 $ 147,322 $ 122,106 Gross profit: Foil Technology Products $ 15,753 $ 12,275 $ 30,357 $ 23,774 Force Sensors 5,690 4,527 10,930 8,218 Weighing and Control Systems 9,923 7,957 18,584 15,284 Total $ 31,366 $ 24,759 $ 59,871 $ 47,276 Reconciliation of segment operating income to consolidated results: Foil Technology Products $ 9,976 $ 6,854 $ 18,769 $ 12,917 Force Sensors 3,385 2,297 5,960 3,678 Weighing and Control Systems 4,956 3,617 8,834 6,699 Unallocated G&A expenses (6,941 ) (6,600 ) (14,001 ) (12,627 ) Restructuring costs (61 ) (315 ) (61 ) (869 ) Consolidated condensed operating income $ 11,315 $ 5,853 $ 19,501 $ 9,798 Restructuring costs: Foil Technology Products $ — $ (12 ) $ — $ (138 ) Force Sensors (61 ) (85 ) (61 ) (262 ) Weighing and Control Systems — (39 ) — (287 ) Corporate/Other — (179 ) — (182 ) $ (61 ) $ (315 ) $ (61 ) $ (869 ) Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. The table below summarizes intersegment sales (in thousands) : Fiscal quarter ended Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Foil Technology Products to Force Sensors and Weighing and Control Systems 1,139 677 2,157 1,355 Force Sensors to Foil Technology Products and Weighing and Control Systems 405 347 716 766 Weighing and Control Systems to Foil Technology Products and Force Sensors 133 164 295 328

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
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 Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Numerator: Numerator for basic earnings per share: Net earnings attributable to VPG stockholders $ 7,693 $ 3,619 $ 12,681 $ 5,614 Adjustment to the numerator for net earnings: Interest savings assuming conversion of dilutive exchangeable notes, net of tax — 5 5 12 Numerator for diluted earnings per share: Net earnings attributable to VPG stockholders $ 7,693 $ 3,624 $ 12,686 $ 5,626 Denominator: Denominator for basic earnings per share: Weighted average shares 13,464 13,257 13,409 13,233 Effect of dilutive securities: Exchangeable notes — 149 45 165 Restricted stock units 49 40 57 44 Dilutive potential common shares 49 189 102 209 Denominator for diluted earnings per share: Adjusted weighted average shares 13,513 13,446 13,511 13,442 Basic earnings per share attributable to VPG stockholders $ 0.57 $ 0.27 $ 0.95 $ 0.42 Diluted earnings per share attributable to VPG stockholders $ 0.57 $ 0.27 $ 0.94 $ 0.42

Additional Financial Statement

Additional Financial Statement Information	6 Months Ended
	Jun. 30, 2018
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 Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Foreign exchange gain (loss) $ 75 $ (258 ) $ (450 ) $ (632 ) Interest income 137 18 234 56 Other (484 ) (331 ) (705 ) (524 ) $ (272 ) $ (571 ) $ (921 ) $ (1,100 )

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 Assets Assets held in rabbi trusts $ 4,850 $ 116 $ 4,734 $ — December 31, 2017 Assets Assets held in rabbi trusts $ 4,988 $ 364 $ 4,624 $ — 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 June 30, 2018 and December 31, 2017 , 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, excluding capitalized deferred financing costs, at June 30, 2018 and December 31, 2017 is approximately $30.8 million and $33.4 million , respectively, compared to its carrying value, excluding capitalized deferred financing costs, of $30.8 million and $32.4 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.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 “ Revenue from Contracts with Customers ,” and modified the standard thereafter. The objective of the ASU is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that 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 Company adopted this standard as of January 1, 2018 using the modified retrospective method. See Note 2 for additional details. In August 2016, the FASB issued ASU No. 2016-15, “Classification of Certain Cash Receipts and Cash Payments .” This ASU is intended to clarify the presentation of certain cash receipts and payments within the statement of cash flows. The Company adopted this standard effective January 1, 2018 and it did not have a material impact on the consolidated condensed financial statements. In October 2016, the FASB issued ASU No. 2016-16, " Intra-Entity Transfers of Assets Other Than Inventory. ” This ASU requires entities to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The income tax consequences from the sale of inventory from one member of the consolidated entity to another will continue to be deferred until the inventory is sold to a third party. The Company’s adoption of this standard on January 1, 2018 resulted in a $0.2 million cumulative effect adjustment to the 2018 beginning retained earnings. In January 2017, the FASB issued ASU No. 2017‑01, “ Clarifying the Definition of a Business. ” This ASU provides a more robust framework to determine when a set of assets and activities constitutes a business. The Company adopted this standard effective January 1, 2018 and it did not have a material impact on the consolidated condensed financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ." This ASU requires the service cost component of net periodic benefit cost to be presented in the same income statement line item as other employee compensation costs. All other components of the net periodic benefit cost are presented outside of operating income. The Company adopted the new standard as of January 1, 2018 and recorded the non-service cost component of $0.2 million and $0.5 million to Other income (expense) - other for the fiscal quarter and six fiscal months ended June 30, 2018 , respectively. Additionally, the non-service cost component of $0.2 million and $0.4 million was reclassified from Operating income to Other income (expense) - other for the fiscal quarter and six fiscal months ended July 1, 2017 , respectively. In May 2017, the FASB issued ASU No. 2017-09, “Scope of Modification Accounting ." This ASU clarifies which changes to the terms or conditions of a share-based payment award will require modification accounting. The Company adopted this standard effective January 1, 2018 and it did not have a material impact on the consolidated condensed financial statements. Recent Accounting Pronouncements In January 2018, the FASB issued ASU No. 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which gives entities the option to reclassify to retained earnings the tax effects resulting from the Tax Cuts and Jobs Act ("2017 Tax Act") related to items in accumulated other comprehensive income ("AOCI") that the FASB refers to as having been stranded in AOCI. The new guidance may be applied retrospectively to each period in which the effect of the 2017 Tax Act is recognized in the period of adoption. The Company must adopt this guidance for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted for periods for which financial statements have not yet been issued or made available for issuance, including the period during which the 2017 Tax Act was enacted. The guidance, when adopted, will require new disclosures regarding a company’s accounting policy for releasing the tax effects in AOCI and permit the company the option to reclassify to retained earnings the tax effects resulting from the 2017 Tax Act that are stranded in AOCI. The Company is evaluating the new standard to determine the impact on the consolidated condensed financial statements. In January 2017, the FASB issued ASU No. 2017‑04, “ Simplifying the Test for Goodwill Impairment .” This ASU eliminates the requirement to calculate the implied fair value of goodwill (second step) to measure a goodwill impairment charge. Under the guidance, an impairment charge will be measured based on the excess of the reporting unit’s carrying amount over its fair value (first step). The amendments in this ASU are effective for interim and annual reporting periods beginning after December 15, 2019 and early adoption is permitted. The Company is evaluating the standard to determine the impact on the consolidated condensed financial statements. In February 2016, the FASB issued ASU No. 2016-02, “ Leases (Topic 842) ,” a comprehensive new lease standard that amends various aspects of existing accounting guidance for leases. The core principle of this ASU will require lessees to present the assets and liabilities that arise from leases on their balance sheets. The ASU is effective for public companies for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the standard to determine the impact on the consolidated condensed financial statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Fiscal Quarters	The four fiscal quarters in 2018 and 2017 end on the following dates: 2018 2017 Quarter 1 March 31, April 1, Quarter 2 June 30, July 1, Quarter 3 September 29, September 30, Quarter 4 December 31, December 31,

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates net revenue by geographic region from contracts with customers based on net revenues generated by subsidiaries within that geographic location (in thousands) : Three Months Ended June 30, 2018 Three Months Ended July 1, 2017 Foil Technology Force Weighing and Total Foil Technology Force Weighing and Total United States $ 14,933 $ 10,997 $ 5,868 $ 31,798 $ 13,856 $ 7,709 $ 4,829 $ 26,394 United Kingdom 965 2,689 3,677 7,331 706 3,144 2,736 6,586 Other Europe 7,703 2,960 4,527 15,190 6,041 2,094 3,823 11,958 Israel 2,471 144 — 2,615 1,497 172 — 1,669 Asia 8,130 2,568 2,716 13,414 7,206 2,537 1,530 11,273 Canada — — 3,883 3,883 — — 4,439 4,439 Total $ 34,202 $ 19,358 $ 20,671 $ 74,231 $ 29,306 $ 15,656 $ 17,357 $ 62,319 Six Fiscal Months Ended June 30, 2018 Six Fiscal Months Ended July 1, 2017 Foil Technology Force Weighing and Total Foil Technology Force Weighing and Total United States $ 28,852 $ 21,022 $ 11,401 $ 61,275 $ 25,839 $ 15,979 $ 9,516 $ 51,334 United Kingdom 1,913 6,052 7,270 15,235 1,512 6,068 5,428 13,008 Other Europe 15,475 6,000 9,900 31,375 12,579 4,166 7,858 24,603 Israel 4,841 286 — 5,127 2,710 316 — 3,026 Asia 17,275 5,226 3,832 26,333 14,430 4,595 2,987 22,012 Canada — — 7,977 7,977 — — 8,123 8,123 $ 68,356 $ 38,586 $ 40,380 $ 147,322 $ 57,070 $ 31,124 $ 33,912 $ 122,106 The following table disaggregates net revenue from contracts with customers by market sector (in thousands) : Fiscal quarter ended Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Test & Measurement $ 19,117 $ 16,039 $ 38,377 $ 32,022 Avionics, Military & Space 5,875 6,358 11,566 11,408 Medical 2,295 2,159 4,974 4,266 Precision Weighing 23,825 19,452 47,648 38,537 Force Measurement 16,973 12,430 34,265 24,805 Steel 6,146 5,881 10,492 11,068 Total $ 74,231 $ 62,319 $ 147,322 $ 122,106
Contract with Customer, Asset and Liability	The outstanding contract assets and liability accounts were as follows (in thousands) : Contract Asset Contract Liability Unbilled Revenue Accrued Customer Advances Balance at December 31, 2017 $ 824 $ 3,229 Balance at June 30, 2018 995 4,893 Increase $ 171 $ 1,664

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The change in the carrying amount of goodwill by segment is as follows (in thousands) : Total Weighing and Control Systems Segment Foil Technology Products Segment KELK Acquisition Stress-Tek Acquisition Pacific Acquisition Balance at December 31, 2017 $ 19,181 $ 6,828 $ 6,311 $ 6,042 Foreign currency translation adjustment (382 ) (382 ) — — Balance at June 30, 2018 $ 18,799 $ 6,446 $ 6,311 $ 6,042

Restructuring Costs (Tables)

Restructuring Costs (Tables)	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table summarizes recent activity related to all restructuring programs. The accrued restructuring liability balance as of June 30, 2018 and December 31, 2017, respectively, is included in Other accrued expenses in the accompanying consolidated condensed balance sheets (in thousands) : Balance at December 31, 2017 $ 254 Restructuring costs in 2018 61 Cash payments (160 ) Foreign currency translation — Balance at June 30, 2018 $ 155

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following (in thousands) : June 30, 2018 December 31, 2017 2015 Credit Agreement - Revolving Facility $ 14,000 $ 9,000 2015 Credit Agreement - U.S. Closing Date Term Facility 3,315 3,664 2015 Credit Agreement - U.S. Delayed Draw Term Facility 8,105 8,956 2015 Credit Agreement - Canadian Term Facility 5,294 7,880 Exchangeable Unsecured Notes, due 2102 — 2,794 Other debt 343 401 Deferred financing costs (279 ) (340 ) Total long-term debt 30,778 32,355 Less: current portion 4,088 3,878 Long-term debt, less current portion $ 26,690 $ 28,477

Accumulated Other Comprehensi27

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2018 $ (27,390 ) $ (8,060 ) $ (35,450 ) Other comprehensive income before reclassifications (2,517 ) — (2,517 ) Amounts reclassified from accumulated other comprehensive income (loss) — 369 369 Balance at June 30, 2018 $ (29,907 ) $ (7,691 ) $ (37,598 ) Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2017 $ (33,192 ) $ (7,145 ) $ (40,337 ) Other comprehensive loss before reclassifications 3,834 — 3,834 Amounts reclassified from accumulated other comprehensive income (loss) — (31 ) (31 ) Balance at July 1, 2017 $ (29,358 ) $ (7,176 ) $ (36,534 )

Pensions and Other Postretire28

Pensions and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [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 OPEB plans (in thousands) : Fiscal quarter ended Fiscal quarter ended Pension OPEB Pension OPEB Net service cost $ 137 $ 27 $ 119 $ 28 Interest cost 174 38 165 35 Expected return on plan assets (141 ) — (132 ) — Amortization of actuarial losses 130 44 113 28 Net periodic benefit cost $ 300 $ 109 $ 265 $ 91 Six fiscal months ended June 30, 2018 Six fiscal months ended July 1, 2017 Pension OPEB Pension OPEB Net service cost $ 275 $ 54 $ 236 $ 56 Interest cost 350 76 328 70 Expected return on plan assets (283 ) — (262 ) — Amortization of actuarial losses 261 88 224 56 Net periodic benefit cost $ 603 $ 218 $ 526 $ 182

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
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 Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Restricted stock units $ 428 $ 248 $ 801 $ 492

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting	The following table sets forth reporting segment information (in thousands) : Fiscal quarter ended Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Net third-party revenues: Foil Technology Products $ 34,202 $ 29,306 $ 68,356 $ 57,070 Force Sensors 19,358 15,656 38,586 31,124 Weighing and Control Systems 20,671 17,357 40,380 33,912 Total $ 74,231 $ 62,319 $ 147,322 $ 122,106 Gross profit: Foil Technology Products $ 15,753 $ 12,275 $ 30,357 $ 23,774 Force Sensors 5,690 4,527 10,930 8,218 Weighing and Control Systems 9,923 7,957 18,584 15,284 Total $ 31,366 $ 24,759 $ 59,871 $ 47,276 Reconciliation of segment operating income to consolidated results: Foil Technology Products $ 9,976 $ 6,854 $ 18,769 $ 12,917 Force Sensors 3,385 2,297 5,960 3,678 Weighing and Control Systems 4,956 3,617 8,834 6,699 Unallocated G&A expenses (6,941 ) (6,600 ) (14,001 ) (12,627 ) Restructuring costs (61 ) (315 ) (61 ) (869 ) Consolidated condensed operating income $ 11,315 $ 5,853 $ 19,501 $ 9,798 Restructuring costs: Foil Technology Products $ — $ (12 ) $ — $ (138 ) Force Sensors (61 ) (85 ) (61 ) (262 ) Weighing and Control Systems — (39 ) — (287 ) Corporate/Other — (179 ) — (182 ) $ (61 ) $ (315 ) $ (61 ) $ (869 ) Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. The table below summarizes intersegment sales (in thousands) : Fiscal quarter ended Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Foil Technology Products to Force Sensors and Weighing and Control Systems 1,139 677 2,157 1,355 Force Sensors to Foil Technology Products and Weighing and Control Systems 405 347 716 766 Weighing and Control Systems to Foil Technology Products and Force Sensors 133 164 295 328

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
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 Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Numerator: Numerator for basic earnings per share: Net earnings attributable to VPG stockholders $ 7,693 $ 3,619 $ 12,681 $ 5,614 Adjustment to the numerator for net earnings: Interest savings assuming conversion of dilutive exchangeable notes, net of tax — 5 5 12 Numerator for diluted earnings per share: Net earnings attributable to VPG stockholders $ 7,693 $ 3,624 $ 12,686 $ 5,626 Denominator: Denominator for basic earnings per share: Weighted average shares 13,464 13,257 13,409 13,233 Effect of dilutive securities: Exchangeable notes — 149 45 165 Restricted stock units 49 40 57 44 Dilutive potential common shares 49 189 102 209 Denominator for diluted earnings per share: Adjusted weighted average shares 13,513 13,446 13,511 13,442 Basic earnings per share attributable to VPG stockholders $ 0.57 $ 0.27 $ 0.95 $ 0.42 Diluted earnings per share attributable to VPG stockholders $ 0.57 $ 0.27 $ 0.94 $ 0.42

Additional Financial Statemen32

Additional Financial Statement Information (Tables)	6 Months Ended
	Jun. 30, 2018
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 Six fiscal months ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Foreign exchange gain (loss) $ 75 $ (258 ) $ (450 ) $ (632 ) Interest income 137 18 234 56 Other (484 ) (331 ) (705 ) (524 ) $ (272 ) $ (571 ) $ (921 ) $ (1,100 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 Assets Assets held in rabbi trusts $ 4,850 $ 116 $ 4,734 $ — December 31, 2017 Assets Assets held in rabbi trusts $ 4,988 $ 364 $ 4,624 $ —

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other income (expense) - net	$ (750)	$ (1,039)	$ (1,841)	$ (2,020)
Operating income	(11,315)	(5,853)	(19,501)	(9,798)
Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other income (expense) - net	$ 200		$ 500
Operating income		$ 200		$ 400
Retained Earnings | Accounting Standards Update 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment					$ 200

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 74,231	$ 62,319	$ 147,322	$ 122,106
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	31,798	26,394	61,275	51,334
United Kingdom
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	7,331	6,586	15,235	13,008
Other Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	15,190	11,958	31,375	24,603
Israel
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	2,615	1,669	5,127	3,026
Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	13,414	11,273	26,333	22,012
Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	3,883	4,439	7,977	8,123
Foil Technology Products
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	34,202	29,306	68,356	57,070
Foil Technology Products | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	14,933	13,856	28,852	25,839
Foil Technology Products | United Kingdom
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	965	706	1,913	1,512
Foil Technology Products | Other Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	7,703	6,041	15,475	12,579
Foil Technology Products | Israel
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	2,471	1,497	4,841	2,710
Foil Technology Products | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	8,130	7,206	17,275	14,430
Foil Technology Products | Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	0	0	0	0
Force Sensors
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	19,358	15,656	38,586	31,124
Force Sensors | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	10,997	7,709	21,022	15,979
Force Sensors | United Kingdom
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	2,689	3,144	6,052	6,068
Force Sensors | Other Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	2,960	2,094	6,000	4,166
Force Sensors | Israel
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	144	172	286	316
Force Sensors | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	2,568	2,537	5,226	4,595
Force Sensors | Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	0	0	0	0
Weighing and Control Systems
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	20,671	17,357	40,380	33,912
Weighing and Control Systems | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	5,868	4,829	11,401	9,516
Weighing and Control Systems | United Kingdom
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	3,677	2,736	7,270	5,428
Weighing and Control Systems | Other Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	4,527	3,823	9,900	7,858
Weighing and Control Systems | Israel
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	0	0	0	0
Weighing and Control Systems | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	2,716	1,530	3,832	2,987
Weighing and Control Systems | Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 3,883	$ 4,439	$ 7,977	$ 8,123

Revenue - Disaggregation of R36

Revenue - Disaggregation of Revenue by Market Sector (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 74,231	$ 62,319	$ 147,322	$ 122,106
Test & Measurement
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	19,117	16,039	38,377	32,022
Avionics, Military & Space
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	5,875	6,358	11,566	11,408
Medical
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	2,295	2,159	4,974	4,266
Precision Weighing
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	23,825	19,452	47,648	38,537
Force Measurement
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	16,973	12,430	34,265	24,805
Steel
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 6,146	$ 5,881	$ 10,492	$ 11,068

Revenue - Contract Assets and L

Revenue - Contract Assets and Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Movement in Contract Assets and Liabilities [Roll Forward]
Unbilled revenue, beginning balance	$ 824
Increase in unbilled revenue	171
Unbilled revenue, ending balance	995
Accrued customer advances, beginning balance	3,229
Increase in accrued customer advances	1,664
Accrued customer advances, ending balance	$ 4,893

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Contract with customer, revenue recognized	$ 1,500	$ 2,400
Customer Advances and Deposits	$ 4,893	$ 4,893	$ 3,800	$ 3,229

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 19,181
Foreign currency translation adjustment	(382)
Ending balance	18,799
KELK Acquisition | Weighing and Control Systems Segment
Goodwill [Roll Forward]
Beginning balance	6,828
Foreign currency translation adjustment	(382)
Ending balance	6,446
Stress-Tek Acquisition | Weighing and Control Systems Segment
Goodwill [Roll Forward]
Beginning balance	6,311
Foreign currency translation adjustment	0
Ending balance	6,311
Pacific Acquisition | Foil Technology Products Segment
Goodwill [Roll Forward]
Beginning balance	6,042
Foreign currency translation adjustment	0
Ending balance	$ 6,042

Restructuring Costs (Narrative)

Restructuring Costs (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 61	$ 315	$ 61	$ 869
Asia | Global Cost Reduction Program
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 100
Europe, Canada and United States | Global Cost Reduction Program
Restructuring Cost and Reserve [Line Items]
Restructuring costs		$ 300		$ 900

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Restructuring Reserve [Roll Forward]
Restructuring costs	$ 61	$ 315	$ 61	$ 869
Employee Severance
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			254
Restructuring costs			61
Cash payments			(160)
Foreign currency translation			0
Restructuring reserve, ending balance	$ 155		$ 155

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Income Tax Disclosure [Abstract]
Effective tax rate (percent)	27.30%	24.90%	28.40%	27.80%

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Exchangeable Unsecured Notes, due 2102	$ 0	$ 2,794
Other debt	343	401
Deferred financing costs	(279)	(340)
Total long-term debt	30,778	32,355
Less: current portion	4,088	3,878
Long-term debt, less current portion	26,690	28,477
Revolving Credit Facility | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	14,000	9,000
U.S. Closing Date Term Facility | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	3,315	3,664
U.S. Delayed Draw Term Facility | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	8,105	8,956
Canadian Term Facilities | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	$ 5,294	$ 7,880

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - Unsecured Debt - Exchangeable Unsecured Notes Due 2102 $ / shares in Units, $ in Millions	Feb. 26, 2018USD ($)$ / sharesshares
Debt Instrument [Line Items]
Principal amount of notes exchanged for common stock | $	$ 2.8
Common stock issuance from conversion of exchangeable notes, shares | shares	123,808
Exchangeable notes conversion price amount (in dollars per share) | $ / shares	$ 22.57

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	$ 193,304
Balance, ending	206,298
Foreign Currency Translation Adjustment
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(27,390)	$ (33,192)
Other comprehensive income before reclassifications	(2,517)	3,834
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Balance, ending	(29,907)	(29,358)
Pension and Other Postretirement Actuarial Items
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(8,060)	(7,145)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	369	(31)
Balance, ending	(7,691)	(7,176)
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(35,450)	(40,337)
Other comprehensive income before reclassifications	(2,517)	3,834
Amounts reclassified from accumulated other comprehensive income (loss)	369	(31)
Balance, ending	$ (37,598)	$ (36,534)

Pensions and Other Postretire46

Pensions and Other Postretirement Benefits (Schedule of Net Pension and Other Retirement Plan Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net service cost	$ 137	$ 119	$ 275	$ 236
Interest cost	174	165	350	328
Expected return on plan assets	(141)	(132)	(283)	(262)
Amortization of actuarial losses	130	113	261	224
Net periodic benefit cost	300	265	603	526
Other Postretirement Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Net service cost	27	28	54	56
Interest cost	38	35	76	70
Expected return on plan assets	0	0	0	0
Amortization of actuarial losses	44	28	88	56
Net periodic benefit cost	$ 109	$ 91	$ 218	$ 182

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) $ in Millions	May 17, 2018USD ($)shares	Mar. 21, 2018USD ($)shares	Feb. 16, 2018USD ($)peopleshares	Jun. 30, 2018shares
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				182,055
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of people granted awards | people			3
Percentage of performance based units on total units approved		75.00%	75.00%
Number of RSUs granted (in shares)	9,294	13,215	52,166
Weighted average grant date fair value | $	$ 0.3	$ 0.4	$ 1.3
Award vesting period (in years)		3 years	3 years
Restricted Stock Units (RSUs) | Vesting on January 1, 2020
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		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted stock units	$ 428	$ 248	$ 801	$ 492

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2018segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information (Schedule o

Segment Information (Schedule of Segment Reporting) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Segment Reporting Information [Line Items]
Net third-party revenues	$ 74,231	$ 62,319	$ 147,322	$ 122,106
Gross profit	31,366	24,759	59,871	47,276
Segment operating income	11,315	5,853	19,501	9,798
Restructuring costs	(61)	(315)	(61)	(869)
Foil Technology Products
Segment Reporting Information [Line Items]
Net third-party revenues	34,202	29,306	68,356	57,070
Gross profit	15,753	12,275	30,357	23,774
Restructuring costs	0	(12)	0	(138)
Force Sensors
Segment Reporting Information [Line Items]
Net third-party revenues	19,358	15,656	38,586	31,124
Gross profit	5,690	4,527	10,930	8,218
Restructuring costs	(61)	(85)	(61)	(262)
Weighing and Control Systems
Segment Reporting Information [Line Items]
Net third-party revenues	20,671	17,357	40,380	33,912
Gross profit	9,923	7,957	18,584	15,284
Restructuring costs	0	(39)	0	(287)
Operating Segments | Foil Technology Products
Segment Reporting Information [Line Items]
Segment operating income	9,976	6,854	18,769	12,917
Operating Segments | Force Sensors
Segment Reporting Information [Line Items]
Segment operating income	3,385	2,297	5,960	3,678
Operating Segments | Weighing and Control Systems
Segment Reporting Information [Line Items]
Segment operating income	4,956	3,617	8,834	6,699
Segment Reconciling Items
Segment Reporting Information [Line Items]
Unallocated G&A expenses	(6,941)	(6,600)	(14,001)	(12,627)
Restructuring costs	(61)	(315)	(61)	(869)
Corporate/Other
Segment Reporting Information [Line Items]
Restructuring costs	$ 0	$ (179)	$ 0	$ (182)

Segment Information (Intersegme

Segment Information (Intersegment Sales) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Segment Reporting Information [Line Items]
Net revenues	$ 74,231	$ 62,319	$ 147,322	$ 122,106
Foil Technology Products
Segment Reporting Information [Line Items]
Net revenues	34,202	29,306	68,356	57,070
Foil Technology Products | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net revenues	1,139	677	2,157	1,355
Force Sensors
Segment Reporting Information [Line Items]
Net revenues	19,358	15,656	38,586	31,124
Force Sensors | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net revenues	405	347	716	766
Weighing and Control Systems
Segment Reporting Information [Line Items]
Net revenues	20,671	17,357	40,380	33,912
Weighing and Control Systems | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net revenues	$ 133	$ 164	$ 295	$ 328

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		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Numerator:
Net earnings attributable to VPG stockholders	$ 7,693	$ 3,619	$ 12,681	$ 5,614
Adjustment to the numerator for net earnings:
Interest savings assuming conversion of dilutive exchangeable notes, net of tax	0	5	5	12
Numerator for diluted earnings per share:
Net earnings attributable to VPG stockholders	$ 7,693	$ 3,624	$ 12,686	$ 5,626
Denominator:
Weighted average shares	13,464	13,257	13,409	13,233
Effect of dilutive securities:
Exchangeable notes	0	149	45	165
Restricted stock units	49	40	57	44
Dilutive potential common shares	49	189	102	209
Denominator for diluted earnings per share:
Adjusted weighted average shares	13,513	13,446	13,511	13,442
Basic earnings per share attributable to VPG stockholders (dollars per share)	$ 0.57	$ 0.27	$ 0.95	$ 0.42
Diluted earnings per share attributable to VPG stockholders (dollars per share)	$ 0.57	$ 0.27	$ 0.94	$ 0.42

Additional Financial Statemen53

Additional Financial Statement Information (Schedule of Other Items in Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign exchange gain (loss)	$ 75	$ (258)	$ (450)	$ (632)
Interest income	137	18	234	56
Other	(484)	(331)	(705)	(524)
Other nonoperating income (expense)	$ (272)	$ (571)	$ (921)	$ (1,100)

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Assets and Liabilities at Fair Value, Recurring) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	$ 4,850	$ 4,988
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	116	364
Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	4,734	4,624
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 Millions	Jun. 30, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Long-term debt, fair value	$ 30.8	$ 33.4
Long-term debt, carrying value	$ 30.8	$ 32.4