Vishay Precision (VPG) 10-Q 7 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 30, 2019	May 07, 2019
Entity Registrant Name	Vishay Precision Group, Inc.
Entity Central Index Key	0001487952
Current Fiscal Year End Date	--12-31
Trading Symbol	VPG
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Common Stock
Entity Common Stock, Shares Outstanding		12,488,441
Class B Convertible Common Stock
Entity Common Stock, Shares Outstanding		1,025,158

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 93,144	$ 90,159
Accounts receivable, net	52,484	53,156
Inventories:
Raw materials	18,832	18,052
Work in process	23,480	22,007
Finished goods	21,059	22,182
Inventories, net	63,371	62,241
Prepaid expenses and other current assets	12,815	9,314
Total current assets	221,814	214,870
Property and equipment, at cost:
Land	3,411	3,390
Buildings and improvements	51,298	51,055
Machinery and equipment	107,404	105,840
Software	8,942	8,532
Construction in progress	1,542	2,157
Accumulated depreciation	(113,575)	(111,555)
Property and equipment, net	59,022	59,419
Goodwill	16,238	16,141
Intangible assets, net	17,390	17,656
Other assets	28,326	18,297
Total assets	342,790	326,383
Current liabilities:
Trade accounts payable	10,736	11,461
Payroll and related expenses	18,411	17,757
Other accrued expenses	18,780	17,031
Income taxes	2,277	3,879
Current portion of long-term debt	4,766	4,654
Total current liabilities	54,970	54,782
Long-term debt, less current portion	21,172	22,421
Deferred income taxes	2,200	2,200
Other liabilities	21,541	13,545
Accrued pension and other postretirement costs	15,029	14,982
Total liabilities	114,912	107,930
Commitments and contingencies
Equity:
Common stock	1,311	1,307
Treasury stock	(8,765)	(8,765)
Capital in excess of par value	196,578	196,666
Retained earnings	75,343	66,569
Accumulated other comprehensive loss	(36,779)	(37,465)
Total Vishay Precision Group, Inc. stockholders' equity	227,791	218,415
Noncontrolling interests	87	38
Total equity	227,878	218,453
Total liabilities and equity	342,790	326,383
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
	Mar. 30, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net revenues	$ 76,525	$ 73,091
Costs of products sold	43,474	44,586
Gross profit	33,051	28,505
Selling, general, and administrative expenses	20,448	20,319
Operating income	12,603	8,186
Other income (expense):
Interest expense	(388)	(442)
Other	(772)	(649)
Other income (expense) - net	(1,160)	(1,091)
Income before taxes	11,443	7,095
Income tax expense	3,117	2,137
Net earnings	8,326	4,958
Less: net earnings attributable to noncontrolling interests	83	(30)
Net earnings attributable to VPG stockholders	$ 8,243	$ 4,988
Basic earnings per share attributable to VPG stockholders (dollars per share)	$ 0.61	$ 0.37
Diluted earnings per share attributable to VPG stockholders (dollars per share)	$ 0.61	$ 0.37
Weighted average shares outstanding - basic (in shares)	13,495	13,342
Weighted average shares outstanding - diluted (in shares)	13,563	13,497

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 8,326	$ 4,958
Other comprehensive income (loss):
Foreign currency translation adjustment	581	1,417
Pension and other postretirement actuarial items, net of tax	105	94
Other comprehensive income	686	1,511
Total comprehensive income	9,012	6,469
Less: comprehensive income (loss) attributable to noncontrolling interests	83	(30)
Comprehensive income attributable to VPG stockholders	$ 8,929	$ 6,499

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Operating activities
Net earnings	$ 8,326	$ 4,958
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	2,854	2,684
Loss/(gain) on disposal of property and equipment	1	(53)
Share-based compensation expense	514	373
Inventory write-offs for obsolescence	489	613
Deferred income taxes	313	268
Other	(2,367)	(723)
Net changes in operating assets and liabilities:
Accounts receivable, net	850	(5,519)
Inventories, net	(1,507)	(1,910)
Prepaid expenses and other current assets	(3,484)	(2,517)
Trade accounts payable	628	1,687
Other current liabilities	1,488	1,943
Net cash provided by operating activities	8,105	1,804
Investing activities
Capital expenditures	(3,334)	(4,296)
Proceeds from sale of property and equipment	29	53
Net cash used in investing activities	(3,305)	(4,243)
Financing activities
Principal payments on long-term debt	(1,155)	(2,970)
Proceeds from revolving facility	0	8,000
Payments on revolving facility	0	(3,000)
Distributions to noncontrolling interests	(34)	(117)
Payments of employee taxes on certain share-based arrangements	(795)	(785)
Net cash (used in) provided by financing activities	(1,984)	1,128
Effect of exchange rate changes on cash and cash equivalents	169	753
Increase (decrease) in cash and cash equivalents	2,985	(558)
Cash and cash equivalents at beginning of period	90,159	74,292
Cash and cash equivalents at end of period	93,144	73,734
Supplemental disclosure of non-cash investing transactions:
Capital expenditures purchased	(1,986)	(1,773)
Supplemental disclosure of non-cash financing transactions:
Conversion of exchangeable notes to common stock	$ 0	$ (2,794)

Consolidated Condensed Statem_4

Consolidated Condensed Statements 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect adjustment for adoption of ASU | Accounting Standards Update 2016-16	$ (153)					$ (153)		$ (153)
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	4,958					4,988		4,988	(30)
Other comprehensive income	1,511						1,511	1,511
Share-based compensation expense	373				373			373
Restricted stock issuances (37,187 and 33,031 shares in 2019 and 2018 respectively)	(796)	4			(800)			(796)
Common stock issuance from conversion of exchangeable notes (123,808 shares)	2,794	12			2,782			2,794
Distributions to noncontrolling interests	(117)								(117)
Balance, ending at Mar. 31, 2018	201,874	1,304	103	(8,765)	195,259	47,911	(33,939)	201,873	1
Balance, beginning at Dec. 31, 2018	218,453	1,307	103	(8,765)	196,666	66,569	(37,465)	218,415	38
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	8,326					8,243		8,243	83
Other comprehensive income	686						686	686
Share-based compensation expense	514				514			514
Restricted stock issuances (37,187 and 33,031 shares in 2019 and 2018 respectively)	(598)	4			(602)			(598)
Common stock issuance from conversion of exchangeable notes (123,808 shares)	0
Distributions to noncontrolling interests	(34)								(34)
Balance, ending at Mar. 30, 2019	$ 227,878	$ 1,311	$ 103	$ (8,765)	$ 196,578	$ 75,343	$ (36,779)	$ 227,791	$ 87

Consolidated Condensed Statem_5

Consolidated Condensed Statement of Equity (Parenthetical) - Common Stock - shares	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Restricted stock issuances, shares	37,187	33,031
Common stock issuance from conversion of exchangeable notes, shares		123,808

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 30, 2019
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, 2018 and 2017 and for each of the three years in the period ended December 31, 2018 , included in VPG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 , filed with the SEC on March 14, 2019 . The results of operations for the fiscal quarter ended March 30, 2019 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 2019 and 2018 end on the following dates: 2019 2018 Quarter 1 March 30, March 31, Quarter 2 June 29, June 30, Quarter 3 September 28, September 29, Quarter 4 December 31, December 31, Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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. In July 2018, the FASB issued ASU No. 2018-11 "Leases (Topic 842), Targeted Improvements," which provides additional implementation guidance on the previously issued ASU. The Company adopted the new lease standard as of January 1, 2019 using the modified retrospective method. Refer to Note 4 for additional details. 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." This ASU 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 Company adopted ASU 2018-02 effective January 1, 2019, and elected not to reclassify the income tax effects from AOCI to retained earnings. Recent Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-14, "Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans." This ASU amends Accounting Standards Codification ("ASC") 715 to add, remove and clarify disclosure requirements related to defined benefit and pension and other postretirement plans. The amendments in this ASU are effective for annual periods beginning after December 15, 2020 and early adoption is permitted. The Company is evaluating the standard to determine the impact on the consolidated condensed financial statements. In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurements (Topic 820)." This ASU modifies the disclosures on fair value measurements by removing the requirements to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of such transfers. The ASU expands the disclosure requirements for Level 3 fair value measurements, primarily focused on changes in unrealized gains and losses included in other comprehensive income. 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.

Revenue

Revenue	3 Months Ended
	Mar. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenues 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, the Company 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) : Fiscal quarter ended Fiscal quarter ended Foil Technology Force Weighing and Total Foil Technology Force Weighing and Total United States $ 16,909 $ 8,052 $ 5,033 $ 29,994 $ 13,919 $ 10,025 $ 5,533 $ 29,477 United Kingdom 841 3,177 4,344 8,362 948 3,363 3,593 7,904 Other Europe 8,103 3,024 4,542 15,669 7,772 3,040 5,373 16,185 Israel 2,979 119 — 3,098 2,370 142 — 2,512 Asia 8,217 2,360 2,574 13,151 9,145 2,658 1,116 12,919 Canada — — 6,251 6,251 — — 4,094 4,094 Total $ 37,049 $ 16,732 $ 22,744 $ 76,525 $ 34,154 $ 19,228 $ 19,709 $ 73,091 The following table disaggregates net revenue from contracts with customers by market sector (in thousands) : Fiscal quarter ended March 30, 2019 March 31, 2018 Test & Measurement $ 18,592 $ 19,260 Avionics, Military & Space 8,418 5,691 Medical 2,607 2,679 Precision Weighing 22,578 23,823 Force Measurement 16,166 17,292 Steel 8,164 4,346 Total $ 76,525 $ 73,091 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. For contracts that have a financing component, 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, 2018 $ 964 $ 5,328 Balance at March 30, 2019 1,986 4,841 Increase/(decrease) $ 1,022 $ (487 ) The amount of revenue recognized during the three fiscal months ended March 30, 2019 that was included in the contract liability balance at December 31, 2018 was $2.2 million .

Goodwill

Goodwill	3 Months Ended
	Mar. 30, 2019
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, 2018 $ 16,141 $ 6,288 $ 6,311 $ 3,542 Foreign currency translation adjustment 97 97 — — Balance at March 30, 2019 $ 16,238 $ 6,385 $ 6,311 $ 3,542

Leases Leases

Leases Leases	3 Months Ended
	Mar. 30, 2019
Leases [Abstract]
Leases	Leases Effective January 1, 2019 the Company adopted the new lease accounting standard using the modified retrospective method of applying the new standard at the adoption date. The Company determines if an arrangement is or contains a lease at inception or modification of such agreement. The arrangement is or contains a lease if the contract conveys the right to control the use of the identified asset for a period in exchange for consideration. Lease right of use assets and liabilities are recognized based on the present value of future minimum lease payments over the expected term at commencement date. As the implicit rate is not determinable in most of the Company's leases, the Company's incremental borrowing rate is used as the basis to determine the present value of future lease payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. Additionally, the Company elected the package of practical expedients permitted under the transition guidance, which allows the carryforward the historical lease classification. The Company also made an election to exclude from balance sheet reporting those leases with initial terms of 12 months or less. The Company primarily leases office and manufacturing facilities in addition to vehicles. The Company recorded a $0.5 million adjustment to opening retained earnings related to the remaining deferred gain recorded as part of the Karmiel, Israel sale leaseback. Leases recorded on the balance sheet consist of the following (in thousands) : Leases Classification on Balance Sheet March 30, 2019 Assets Operating lease right of use asset Other Assets $ 9,944 Liabilities Operating lease - current Other Accrued Expenses $ 2,610 Operating lease - non-current Other Liabilities $ 7,514 Other information related to lease term and discount rate is as follows: March 30, 2019 Operating leases weighted average remaining lease term (in years) 4.7 Operating leases weighted average discount rate 5.16 % The components of lease expense are as follows (in thousands) : Fiscal quarter ended March 30, 2019 Operating lease cost $ 823 Short-term lease cost 27 Total lease cost $ 850 The cash paid for amounts included in the measurement of lease liabilities approximates our operating lease cost for the three months ended March 30, 2019. Undiscounted maturities of operating lease payments as of March 31, 2019 are summarized as follows (in thousands) : 2019 (excluding the three months ended March 30, 2019) $ 2,378 2020 2,735 2021 2,183 2022 1,626 2023 1,213 Thereafter 1,284 Total future minimum lease payments $ 11,419 Less: amount representing interest (1,295 ) Present value of future minimum lease payments $ 10,124 One of the Company's indirect wholly-owned subsidiaries entered into a lease agreement as tenant related to a property in Israel. Such lease agreement provides that we will lease a new building containing approximately 121,400 square feet. The Company expects to commence occupancy in December 2019.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act ("2017 Tax Act") was enacted, which, among other things, lowered the U.S. corporate income tax rate to 21% from 35% and established a modified territorial system requiring a mandatory deemed repatriation tax on undistributed earnings of foreign subsidiaries. In 2017, the Company had provisionally determined the tax cost of the one-time transition tax under the 2017 Tax Act to be approximately $2.2 million . The financial reporting impact of the 2017 Tax Act was completed in the fourth quarter of 2018 resulting in a net $0.8 million increase in tax expense caused by a decrease in the transition tax and an increase in the valuation allowance. Beginning in 2018, the 2017 Tax Act also subjects a U.S. shareholder to tax on Global Intangible Low-Taxed Income (“GILTI”) earned by certain foreign subsidiaries, while providing for tax-free repatriation of such earnings through a 100% dividends-received deduction. In 2018, the Company had elected to recognize tax expense related to GILTI in the year the tax is incurred. The U.S. tax on GILTI income was fully offset by foreign tax credits associated with GILTI and U.S. operating losses exclusive of GILTI. 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 March 30, 2019 was 27.2% compared to 30.1% for the fiscal quarter ended March 31, 2018 . The tax rate in the current fiscal quarter is lower than the prior year fiscal quarter primarily due to changes in the mix of worldwide income. The Company and its subsidiaries are subject to income taxes imposed by the U.S., various states, and the foreign jurisdictions in which we operate. Each jurisdiction establishes rules that set forth the years which are subject to examination by its tax authorities. While the Company believes the tax positions taken on its tax returns for each jurisdiction are supportable, they may still be challenged by the jurisdiction's tax authorities. In anticipation of such challenges, the Company has established reserves for tax-related uncertainties. These liabilities are based on the Company’s best estimate of the potential tax exposures in each respective jurisdiction. It may take a number of years for a final tax liability in a jurisdiction to be determined, particularly in the event of an audit. If an uncertain matter is determined favorably, there could be a reduction in the Company’s tax expense. An unfavorable determination could increase tax expense and could require a cash payment, including interest and penalties.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands) : March 30, 2019 December 31, 2018 2015 Credit Agreement - Revolving Facility $ 12,000 $ 12,000 2015 Credit Agreement - U.S. Closing Date Term Facility 2,735 2,967 2015 Credit Agreement - U.S. Delayed Draw Term Facility 6,685 7,253 2015 Credit Agreement - Canadian Term Facility 4,468 4,798 Other debt 245 279 Deferred financing costs (195 ) (222 ) Total long-term debt 25,938 27,075 Less: current portion 4,766 4,654 Long-term debt, less current portion $ 21,172 $ 22,421

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 30, 2019
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, 2019 $ (31,319 ) $ (6,146 ) $ (37,465 ) Other comprehensive income before reclassifications 581 — 581 Amounts reclassified from accumulated other comprehensive income (loss) — 105 105 Balance at March 30, 2019 $ (30,738 ) $ (6,041 ) $ (36,779 ) Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2018 $ (27,390 ) $ (8,060 ) $ (35,450 ) Other comprehensive loss before reclassifications 1,417 — 1,417 Amounts reclassified from accumulated other comprehensive income (loss) — 94 94 Balance at March 31, 2018 $ (25,973 ) $ (7,966 ) $ (33,939 ) 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	3 Months Ended
	Mar. 30, 2019
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 $ 83 $ 31 $ 138 $ 27 Interest cost 157 45 176 38 Expected return on plan assets (133 ) — (142 ) — Amortization of actuarial losses 50 39 131 44 Net periodic benefit cost $ 157 $ 115 $ 303 $ 109

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 , the Company had reserved 424,199 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 March 13, 2019, VPG’s three then-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 $1.8 million and were comprised of 51,814 RSUs. Twenty-five percent of these awards will vest on January 1, 2022, subject to the executives’ continued employment. The performance-based portion of the RSUs will also vest on January 1, 2022, 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 20, 2019, 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 12,445 RSUs. Twenty-five percent of these awards will vest on January 1, 2022 subject to the employees' continued employment. The performance-based portion of the RSUs will also vest on January 1, 2022, subject to the employees' continued employment and the satisfaction of certain performance objectives relating to three -year cumulative earnings and cash flow goals, each weighted equally. Vesting of equity awards may be subject to acceleration under certain circumstances. 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 March 30, 2019 March 31, 2018 Restricted stock units $ 514 $ 373

Segment Information

Segment Information	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 March 31, 2018 Net third-party revenues: Foil Technology Products $ 37,049 $ 34,154 Force Sensors 16,732 19,228 Weighing and Control Systems 22,744 19,709 Total $ 76,525 $ 73,091 Gross profit: Foil Technology Products $ 16,579 $ 14,604 Force Sensors 5,061 5,240 Weighing and Control Systems 11,411 8,661 Total $ 33,051 $ 28,505 Reconciliation of segment operating income to consolidated results: Foil Technology Products $ 10,306 $ 8,793 Force Sensors 2,535 2,575 Weighing and Control Systems 6,575 3,878 Unallocated G&A expenses (6,813 ) (7,060 ) Consolidated condensed operating income $ 12,603 $ 8,186 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 March 30, 2019 March 31, 2018 Foil Technology Products to Force Sensors and Weighing and Control Systems $ 933 $ 1,019 Force Sensors to Foil Technology Products and Weighing and Control Systems $ 427 $ 311 Weighing and Control Systems to Foil Technology Products and Force Sensors $ 153 $ 161

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 March 31, 2018 Numerator: Numerator for basic earnings per share: Net earnings attributable to VPG stockholders $ 8,243 $ 4,988 Adjustment to the numerator for net earnings: Interest savings assuming conversion of dilutive exchangeable notes, net of tax — 5 Numerator for diluted earnings per share: Net earnings attributable to VPG stockholders $ 8,243 $ 4,993 Denominator: Denominator for basic earnings per share: Weighted average shares 13,495 13,342 Effect of dilutive securities: Exchangeable notes — 90 Restricted stock units 68 65 Dilutive potential common shares 68 155 Denominator for diluted earnings per share: Adjusted weighted average shares 13,563 13,497 Basic earnings per share attributable to VPG stockholders $ 0.61 $ 0.37 Diluted earnings per share attributable to VPG stockholders $ 0.61 $ 0.37

Additional Financial Statement

Additional Financial Statement Information	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 March 31, 2018 Foreign exchange loss $ (736 ) $ (525 ) Interest income 155 97 Pension expense (158 ) (193 ) Other (33 ) (28 ) $ (772 ) $ (649 )

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements 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 March 30, 2019 Assets Assets held in rabbi trusts $ 4,821 $ 16 $ 4,805 $ — December 31, 2018 Assets Assets held in rabbi trusts $ 4,641 $ 87 $ 4,554 $ — 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 March 30, 2019 and December 31, 2018 , 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 March 30, 2019 and December 31, 2018 approximates its carrying value. 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.

Restructuring Costs

Restructuring Costs	3 Months Ended
	Mar. 30, 2019
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 Company did not record any restructuring costs during the fiscal quarters ended March 30, 2019 and March 31, 2018 , respectively. The following table summarizes recent activity related to all restructuring programs. The accrued restructuring liability balance as of March 30, 2019 and December 31, 2018, respectively, is included in Other accrued expenses in the accompanying consolidated condensed balance sheets (in thousands) : Balance at December 31, 2018 $ 159 Restructuring costs in 2019 — Adjustment for adoption of ASU 2016-02 (96 ) Cash payments (38 ) Foreign currency translation — Balance at March 30, 2019 $ 25

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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. In July 2018, the FASB issued ASU No. 2018-11 "Leases (Topic 842), Targeted Improvements," which provides additional implementation guidance on the previously issued ASU. The Company adopted the new lease standard as of January 1, 2019 using the modified retrospective method. Refer to Note 4 for additional details. 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." This ASU 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 Company adopted ASU 2018-02 effective January 1, 2019, and elected not to reclassify the income tax effects from AOCI to retained earnings. Recent Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-14, "Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans." This ASU amends Accounting Standards Codification ("ASC") 715 to add, remove and clarify disclosure requirements related to defined benefit and pension and other postretirement plans. The amendments in this ASU are effective for annual periods beginning after December 15, 2020 and early adoption is permitted. The Company is evaluating the standard to determine the impact on the consolidated condensed financial statements. In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurements (Topic 820)." This ASU modifies the disclosures on fair value measurements by removing the requirements to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of such transfers. The ASU expands the disclosure requirements for Level 3 fair value measurements, primarily focused on changes in unrealized gains and losses included in other comprehensive income. 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.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Fiscal Quarters	The four fiscal quarters in 2019 and 2018 end on the following dates: 2019 2018 Quarter 1 March 30, March 31, Quarter 2 June 29, June 30, Quarter 3 September 28, September 29, Quarter 4 December 31, December 31,

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 30, 2019
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) : Fiscal quarter ended Fiscal quarter ended Foil Technology Force Weighing and Total Foil Technology Force Weighing and Total United States $ 16,909 $ 8,052 $ 5,033 $ 29,994 $ 13,919 $ 10,025 $ 5,533 $ 29,477 United Kingdom 841 3,177 4,344 8,362 948 3,363 3,593 7,904 Other Europe 8,103 3,024 4,542 15,669 7,772 3,040 5,373 16,185 Israel 2,979 119 — 3,098 2,370 142 — 2,512 Asia 8,217 2,360 2,574 13,151 9,145 2,658 1,116 12,919 Canada — — 6,251 6,251 — — 4,094 4,094 Total $ 37,049 $ 16,732 $ 22,744 $ 76,525 $ 34,154 $ 19,228 $ 19,709 $ 73,091 The following table disaggregates net revenue from contracts with customers by market sector (in thousands) : Fiscal quarter ended March 30, 2019 March 31, 2018 Test & Measurement $ 18,592 $ 19,260 Avionics, Military & Space 8,418 5,691 Medical 2,607 2,679 Precision Weighing 22,578 23,823 Force Measurement 16,166 17,292 Steel 8,164 4,346 Total $ 76,525 $ 73,091
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, 2018 $ 964 $ 5,328 Balance at March 30, 2019 1,986 4,841 Increase/(decrease) $ 1,022 $ (487 )

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 30, 2019
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, 2018 $ 16,141 $ 6,288 $ 6,311 $ 3,542 Foreign currency translation adjustment 97 97 — — Balance at March 30, 2019 $ 16,238 $ 6,385 $ 6,311 $ 3,542

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 30, 2019
Leases [Abstract]
Leases Recorded on the Balance Sheet	Leases recorded on the balance sheet consist of the following (in thousands) : Leases Classification on Balance Sheet March 30, 2019 Assets Operating lease right of use asset Other Assets $ 9,944 Liabilities Operating lease - current Other Accrued Expenses $ 2,610 Operating lease - non-current Other Liabilities $ 7,514
Other Information Related to Lease Term and Discount Rate	Other information related to lease term and discount rate is as follows: March 30, 2019 Operating leases weighted average remaining lease term (in years) 4.7 Operating leases weighted average discount rate 5.16 %
Components of Lease Expense	The components of lease expense are as follows (in thousands) : Fiscal quarter ended March 30, 2019 Operating lease cost $ 823 Short-term lease cost 27 Total lease cost $ 850
Maturities of Operating Lease Liabilities	Undiscounted maturities of operating lease payments as of March 31, 2019 are summarized as follows (in thousands) : 2019 (excluding the three months ended March 30, 2019) $ 2,378 2020 2,735 2021 2,183 2022 1,626 2023 1,213 Thereafter 1,284 Total future minimum lease payments $ 11,419 Less: amount representing interest (1,295 ) Present value of future minimum lease payments $ 10,124

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following (in thousands) : March 30, 2019 December 31, 2018 2015 Credit Agreement - Revolving Facility $ 12,000 $ 12,000 2015 Credit Agreement - U.S. Closing Date Term Facility 2,735 2,967 2015 Credit Agreement - U.S. Delayed Draw Term Facility 6,685 7,253 2015 Credit Agreement - Canadian Term Facility 4,468 4,798 Other debt 245 279 Deferred financing costs (195 ) (222 ) Total long-term debt 25,938 27,075 Less: current portion 4,766 4,654 Long-term debt, less current portion $ 21,172 $ 22,421

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 30, 2019
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, 2019 $ (31,319 ) $ (6,146 ) $ (37,465 ) Other comprehensive income before reclassifications 581 — 581 Amounts reclassified from accumulated other comprehensive income (loss) — 105 105 Balance at March 30, 2019 $ (30,738 ) $ (6,041 ) $ (36,779 ) Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2018 $ (27,390 ) $ (8,060 ) $ (35,450 ) Other comprehensive loss before reclassifications 1,417 — 1,417 Amounts reclassified from accumulated other comprehensive income (loss) — 94 94 Balance at March 31, 2018 $ (25,973 ) $ (7,966 ) $ (33,939 )

Pensions and Other Postretire_2

Pensions and Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 30, 2019
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 $ 83 $ 31 $ 138 $ 27 Interest cost 157 45 176 38 Expected return on plan assets (133 ) — (142 ) — Amortization of actuarial losses 50 39 131 44 Net periodic benefit cost $ 157 $ 115 $ 303 $ 109

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 March 31, 2018 Restricted stock units $ 514 $ 373

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting	The following table sets forth reporting segment information (in thousands) : Fiscal quarter ended March 30, 2019 March 31, 2018 Net third-party revenues: Foil Technology Products $ 37,049 $ 34,154 Force Sensors 16,732 19,228 Weighing and Control Systems 22,744 19,709 Total $ 76,525 $ 73,091 Gross profit: Foil Technology Products $ 16,579 $ 14,604 Force Sensors 5,061 5,240 Weighing and Control Systems 11,411 8,661 Total $ 33,051 $ 28,505 Reconciliation of segment operating income to consolidated results: Foil Technology Products $ 10,306 $ 8,793 Force Sensors 2,535 2,575 Weighing and Control Systems 6,575 3,878 Unallocated G&A expenses (6,813 ) (7,060 ) Consolidated condensed operating income $ 12,603 $ 8,186 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 March 30, 2019 March 31, 2018 Foil Technology Products to Force Sensors and Weighing and Control Systems $ 933 $ 1,019 Force Sensors to Foil Technology Products and Weighing and Control Systems $ 427 $ 311 Weighing and Control Systems to Foil Technology Products and Force Sensors $ 153 $ 161

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 March 31, 2018 Numerator: Numerator for basic earnings per share: Net earnings attributable to VPG stockholders $ 8,243 $ 4,988 Adjustment to the numerator for net earnings: Interest savings assuming conversion of dilutive exchangeable notes, net of tax — 5 Numerator for diluted earnings per share: Net earnings attributable to VPG stockholders $ 8,243 $ 4,993 Denominator: Denominator for basic earnings per share: Weighted average shares 13,495 13,342 Effect of dilutive securities: Exchangeable notes — 90 Restricted stock units 68 65 Dilutive potential common shares 68 155 Denominator for diluted earnings per share: Adjusted weighted average shares 13,563 13,497 Basic earnings per share attributable to VPG stockholders $ 0.61 $ 0.37 Diluted earnings per share attributable to VPG stockholders $ 0.61 $ 0.37

Additional Financial Statemen_2

Additional Financial Statement Information (Tables)	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 March 31, 2018 Foreign exchange loss $ (736 ) $ (525 ) Interest income 155 97 Pension expense (158 ) (193 ) Other (33 ) (28 ) $ (772 ) $ (649 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 Assets Assets held in rabbi trusts $ 4,821 $ 16 $ 4,805 $ — December 31, 2018 Assets Assets held in rabbi trusts $ 4,641 $ 87 $ 4,554 $ —

Restructuring Costs (Tables)

Restructuring Costs (Tables)	3 Months Ended
	Mar. 30, 2019
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 March 30, 2019 and December 31, 2018, respectively, is included in Other accrued expenses in the accompanying consolidated condensed balance sheets (in thousands) : Balance at December 31, 2018 $ 159 Restructuring costs in 2019 — Adjustment for adoption of ASU 2016-02 (96 ) Cash payments (38 ) Foreign currency translation — Balance at March 30, 2019 $ 25

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 76,525	$ 73,091
United States
Disaggregation of Revenue [Line Items]
Total revenue	29,994	29,477
United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	8,362	7,904
Other Europe
Disaggregation of Revenue [Line Items]
Total revenue	15,669	16,185
Israel
Disaggregation of Revenue [Line Items]
Total revenue	3,098	2,512
Asia
Disaggregation of Revenue [Line Items]
Total revenue	13,151	12,919
Canada
Disaggregation of Revenue [Line Items]
Total revenue	6,251	4,094
Foil Technology Products
Disaggregation of Revenue [Line Items]
Total revenue	37,049	34,154
Foil Technology Products | United States
Disaggregation of Revenue [Line Items]
Total revenue	16,909	13,919
Foil Technology Products | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	841	948
Foil Technology Products | Other Europe
Disaggregation of Revenue [Line Items]
Total revenue	8,103	7,772
Foil Technology Products | Israel
Disaggregation of Revenue [Line Items]
Total revenue	2,979	2,370
Foil Technology Products | Asia
Disaggregation of Revenue [Line Items]
Total revenue	8,217	9,145
Foil Technology Products | Canada
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Force Sensors
Disaggregation of Revenue [Line Items]
Total revenue	16,732	19,228
Force Sensors | United States
Disaggregation of Revenue [Line Items]
Total revenue	8,052	10,025
Force Sensors | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	3,177	3,363
Force Sensors | Other Europe
Disaggregation of Revenue [Line Items]
Total revenue	3,024	3,040
Force Sensors | Israel
Disaggregation of Revenue [Line Items]
Total revenue	119	142
Force Sensors | Asia
Disaggregation of Revenue [Line Items]
Total revenue	2,360	2,658
Force Sensors | Canada
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Weighing and Control Systems
Disaggregation of Revenue [Line Items]
Total revenue	22,744	19,709
Weighing and Control Systems | United States
Disaggregation of Revenue [Line Items]
Total revenue	5,033	5,533
Weighing and Control Systems | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	4,344	3,593
Weighing and Control Systems | Other Europe
Disaggregation of Revenue [Line Items]
Total revenue	4,542	5,373
Weighing and Control Systems | Israel
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Weighing and Control Systems | Asia
Disaggregation of Revenue [Line Items]
Total revenue	2,574	1,116
Weighing and Control Systems | Canada
Disaggregation of Revenue [Line Items]
Total revenue	$ 6,251	$ 4,094

Revenue - Disaggregation of R_2

Revenue - Disaggregation of Revenue by Market Sector (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 76,525	$ 73,091
Test & Measurement
Disaggregation of Revenue [Line Items]
Total revenue	18,592	19,260
Avionics, Military & Space
Disaggregation of Revenue [Line Items]
Total revenue	8,418	5,691
Medical
Disaggregation of Revenue [Line Items]
Total revenue	2,607	2,679
Precision Weighing
Disaggregation of Revenue [Line Items]
Total revenue	22,578	23,823
Force Measurement
Disaggregation of Revenue [Line Items]
Total revenue	16,166	17,292
Steel
Disaggregation of Revenue [Line Items]
Total revenue	$ 8,164	$ 4,346

Revenue - Contract Assets and L

Revenue - Contract Assets and Liabilities (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Movement in Contract Assets and Liabilities [Roll Forward]
Unbilled revenue, beginning balance	$ 964
Increase in unbilled revenue	1,022
Unbilled revenue, ending balance	1,986
Contract liability, beginning balance	4,841
Increase in accrued customer advances	(487)
Contract liability, ending balance	$ 5,328

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 30, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Contract with customer, revenue recognized	$ 2.2

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 16,141
Foreign currency translation adjustment	97
Ending balance	16,238
KELK Acquisition | Weighing and Control Systems Segment
Goodwill [Roll Forward]
Beginning balance	6,288
Foreign currency translation adjustment	97
Ending balance	6,385
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	3,542
Foreign currency translation adjustment	0
Ending balance	$ 3,542

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	Dec. 31, 2019ft²	Jan. 01, 2019USD ($)
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Cumulative effect adjustment for adoption of ASU		$ 531
Accounting Standards Update 2016-02 | Retained Earnings
Lessee, Lease, Description [Line Items]
Cumulative effect adjustment for adoption of ASU		$ 531
Israel | Forecast
Lessee, Lease, Description [Line Items]
Area of land (in sq ft) | ft²	121,400

Leases - Leases Recorded on the

Leases - Leases Recorded on the Balance Sheet (Details) $ in Thousands	Mar. 30, 2019USD ($)
Leases [Abstract]
Operating lease right of use asset	$ 9,944
Operating lease - current	2,610
Operating lease - non-current	$ 7,514

Leases - Other Information Rela

Leases - Other Information Related to Leases (Details)	Mar. 30, 2019
Leases [Abstract]
Operating leases weighted average remaining lease term (years)	4 years 8 months 16 days
Operating leases weighted average discount rate (percent)	5.16%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 823
Short-term lease cost	27
Total lease cost	$ 850

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Mar. 30, 2019USD ($)
Leases [Abstract]
2019 (excluding the three months ended March 30, 2019)	$ 2,378
2020	2,735
2021	2,183
2022	1,626
2023	1,213
Thereafter	1,284
Total future minimum lease payments	11,419
Less: amount representing interest	(1,295)
Present value of future minimum lease payments	$ 10,124

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Mar. 30, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Tax Cuts And Jobs Act Of 2017, income tax expense (benefit)		$ 0.8		$ (2.2)
Effective tax rate (percent)	27.20%		30.10%

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Other debt	$ 245	$ 279
Deferred financing costs	(195)	(222)
Total long-term debt	25,938	27,075
Less: current portion	4,766	4,654
Long-term debt, less current portion	21,172	22,421
Revolving Credit Facility | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	12,000	12,000
U.S. Closing Date Term Facility | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	2,735	2,967
U.S. Delayed Draw Term Facility | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	6,685	7,253
Canadian Term Facilities | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	$ 4,468	$ 4,798

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	$ 218,453	$ 193,304
Other comprehensive income before reclassifications	581	1,417
Amounts reclassified from accumulated other comprehensive income (loss)	105	94
Balance, ending	227,878	201,874
Foreign Currency Translation Adjustment
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(31,319)	(27,390)
Other comprehensive income before reclassifications	581	1,417
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Balance, ending	(30,738)	(25,973)
Pension and Other Postretirement Actuarial Items
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(6,146)	(8,060)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	105	94
Balance, ending	(6,041)	(7,966)
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(37,465)	(35,450)
Balance, ending	$ (36,779)	$ (33,939)

Pensions and Other Postretire_3

Pensions and Other Postretirement Benefits (Schedule of Net Pension and Other Retirement Plan Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 158	$ 193
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net service cost	83	138
Interest cost	157	176
Expected return on plan assets	(133)	(142)
Amortization of actuarial losses	50	131
Net periodic benefit cost	157	303
Other Postretirement Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Net service cost	31	27
Interest cost	45	38
Expected return on plan assets	0	0
Amortization of actuarial losses	39	44
Net periodic benefit cost	$ 115	$ 109

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) $ in Millions	Mar. 20, 2019USD ($)shares	Mar. 13, 2019USD ($)peopleshares	Mar. 30, 2019shares
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 (in shares)			424,199
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of people granted awards (people) | people		3
Percentage of performance based units on total units approved	75.00%	75.00%
Number of RSUs granted (in shares)	12,445	51,814
Weighted average grant date fair value | $	$ 0.4	$ 1.8
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
	Mar. 30, 2019	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted stock units	$ 514	$ 373

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	Mar. 30, 2019segment
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
	Mar. 30, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Net revenues	$ 76,525	$ 73,091
Gross profit	33,051	28,505
Segment operating income	12,603	8,186
Foil Technology Products
Segment Reporting Information [Line Items]
Net revenues	37,049	34,154
Force Sensors
Segment Reporting Information [Line Items]
Net revenues	16,732	19,228
Weighing and Control Systems
Segment Reporting Information [Line Items]
Net revenues	22,744	19,709
Operating Segments
Segment Reporting Information [Line Items]
Net revenues	76,525	73,091
Gross profit	33,051	28,505
Operating Segments | Foil Technology Products
Segment Reporting Information [Line Items]
Net revenues	37,049	34,154
Gross profit	16,579	14,604
Segment operating income	10,306	8,793
Operating Segments | Force Sensors
Segment Reporting Information [Line Items]
Net revenues	16,732	19,228
Gross profit	5,061	5,240
Segment operating income	2,535	2,575
Operating Segments | Weighing and Control Systems
Segment Reporting Information [Line Items]
Net revenues	22,744	19,709
Gross profit	11,411	8,661
Segment operating income	6,575	3,878
Segment Reconciling Items
Segment Reporting Information [Line Items]
Unallocated G&A expenses	$ (6,813)	$ (7,060)

Segment Information (Intersegme

Segment Information (Intersegment Sales) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 76,525	$ 73,091
Foil Technology Products
Segment Reporting Information [Line Items]
Total revenue	37,049	34,154
Foil Technology Products | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenue	933	1,019
Force Sensors
Segment Reporting Information [Line Items]
Total revenue	16,732	19,228
Force Sensors | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenue	427	311
Weighing and Control Systems
Segment Reporting Information [Line Items]
Total revenue	22,744	19,709
Weighing and Control Systems | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenue	$ 153	$ 161

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
	Mar. 30, 2019	Mar. 31, 2018
Numerator:
Net earnings attributable to VPG stockholders	$ 8,243	$ 4,988
Adjustment to the numerator for net earnings:
Interest savings assuming conversion of dilutive exchangeable notes, net of tax	0	5
Numerator for diluted earnings per share:
Net earnings attributable to VPG stockholders	$ 8,243	$ 4,993
Denominator:
Weighted average shares (in shares)	13,495	13,342
Effect of dilutive securities:
Exchangeable notes (in shares)	0	90
Restricted stock units (in shares)	68	65
Dilutive potential common shares	68	155
Denominator for diluted earnings per share:
Adjusted weighted average shares (in shares)	13,563	13,497
Basic earnings per share attributable to VPG stockholders (dollars per share)	$ 0.61	$ 0.37
Diluted earnings per share attributable to VPG stockholders (dollars per share)	$ 0.61	$ 0.37

Additional Financial Statemen_3

Additional Financial Statement Information (Schedule of Other Items in Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign exchange loss	$ (736)	$ (525)
Interest income	155	97
Pension expense	(158)	(193)
Other	(33)	(28)
Other nonoperating income (expense)	$ (772)	$ (649)

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Assets and Liabilities at Fair Value, Recurring) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	$ 4,821	$ 4,641
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	16	87
Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	4,805	4,554
Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	$ 0	$ 0

Restructuring Costs (Narrative)

Restructuring Costs (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring costs	$ 0	$ 0

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($)	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Restructuring Reserve [Roll Forward]
Restructuring costs	$ 0	$ 0
Employee Severance
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	159,000
Restructuring costs	0
Adjustment for adoption of ASU 2016-02	(96,000)
Cash payments	(38,000)
Foreign currency translation	0
Restructuring reserve, ending balance	$ 25,000

Uncategorized Items - vpg-20190

Label	Element	Value
Accounting Standards Update 2016-02 [Member] | Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 531,000