Vishay Precision (VPG) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 29, 2019	Aug. 06, 2019
Entity Registrant Name	Vishay Precision Group, Inc.
Entity Central Index Key	0001487952
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 29, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Common Stock
Entity Common Stock, Shares Outstanding		12,497,735
Class B Convertible Common Stock
Entity Common Stock, Shares Outstanding		1,025,158

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 98,705	$ 90,159
Accounts receivable, net	46,291	53,156
Inventories:
Raw materials	18,672	18,052
Work in process	23,835	22,007
Finished goods	21,775	22,182
Inventories, net	64,282	62,241
Prepaid expenses and other current assets	12,702	9,314
Total current assets	221,980	214,870
Property and equipment, at cost:
Land	3,391	3,390
Buildings and improvements	51,787	51,055
Machinery and equipment	109,326	105,840
Software	9,205	8,532
Construction in progress	1,319	2,157
Accumulated depreciation	(115,525)	(111,555)
Property and equipment, net	59,503	59,419
Goodwill	16,387	16,141
Intangible assets, net	17,190	17,656
Other assets	27,410	18,297
Total assets	342,470	326,383
Current liabilities:
Trade accounts payable	10,059	11,461
Payroll and related expenses	15,127	17,757
Other accrued expenses	17,560	17,031
Income taxes	2,981	3,879
Current portion of long-term debt	4,882	4,654
Total current liabilities	50,609	54,782
Long-term debt, less current portion	19,924	22,421
Deferred income taxes	2,200	2,200
Other liabilities	20,567	13,545
Accrued pension and other postretirement costs	14,928	14,982
Total liabilities	108,228	107,930
Commitments and contingencies
Equity:
Common stock	1,312	1,307
Treasury stock	(8,765)	(8,765)
Capital in excess of par value	196,875	196,666
Retained earnings	80,908	66,569
Accumulated other comprehensive loss	(36,329)	(37,465)
Total Vishay Precision Group, Inc. stockholders' equity	234,104	218,415
Noncontrolling interests	138	38
Total equity	234,242	218,453
Total liabilities and equity	342,470	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		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net revenues	$ 70,870	$ 74,231	$ 147,395	$ 147,322
Costs of products sold	42,261	42,865	85,735	87,451
Gross profit	28,609	31,366	61,660	59,871
Selling, general, and administrative expenses	19,896	19,990	40,344	40,309
Executive severance costs	611	0	611	0
Restructuring costs	0	61	0	61
Operating income	8,102	11,315	20,705	19,501
Other income (expense):
Interest expense	(359)	(478)	(747)	(920)
Other	(160)	(272)	(932)	(921)
Other income (expense)	(519)	(750)	(1,679)	(1,841)
Income before taxes	7,583	10,565	19,026	17,660
Income tax expense	2,003	2,882	5,120	5,019
Net earnings	5,580	7,683	13,906	12,641
Less: net earnings (loss) attributable to noncontrolling interests	15	(10)	98	(40)
Net earnings attributable to VPG stockholders	$ 5,565	$ 7,693	$ 13,808	$ 12,681
Basic earnings per share attributable to VPG stockholders (dollars per share)	$ 0.41	$ 0.57	$ 1.02	$ 0.95
Diluted earnings per share attributable to VPG stockholders (dollars per share)	$ 0.41	$ 0.57	$ 1.02	$ 0.94
Weighted average shares outstanding - basic (in shares)	13,518	13,464	13,506	13,409
Weighted average shares outstanding - diluted (in shares)	13,595	13,513	13,579	13,511

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 5,580	$ 7,683	$ 13,906	$ 12,641
Other comprehensive income (loss):
Foreign currency translation adjustment	370	(3,934)	951	(2,517)
Pension and other postretirement actuarial items, net of tax	80	275	185	369
Other comprehensive income (loss)	450	(3,659)	1,136	(2,148)
Total comprehensive income	6,030	4,024	15,042	10,493
Less: comprehensive income (loss) attributable to noncontrolling interests	15	(10)	98	(40)
Comprehensive income attributable to VPG stockholders	$ 6,015	$ 4,034	$ 14,944	$ 10,533

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Operating activities
Net earnings	$ 13,906	$ 12,641
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	5,619	5,332
Gain on disposal of property and equipment	(50)	(83)
Share-based compensation expense	1,086	801
Inventory write-offs for obsolescence	1,389	1,158
Deferred income taxes	379	1,086
Other	(2,753)	455
Net changes in operating assets and liabilities:
Accounts receivable, net	7,085	(6,141)
Inventories, net	(3,288)	(7,304)
Prepaid expenses and other current assets	(3,301)	(1,724)
Trade accounts payable	(645)	(390)
Other current liabilities	(2,396)	1,536
Net cash provided by operating activities	17,031	7,367
Investing activities
Capital expenditures	(5,764)	(6,134)
Proceeds from sale of property and equipment	214	106
Net cash used in investing activities	(5,550)	(6,028)
Financing activities
Principal payments on long-term debt	(2,311)	(3,847)
Proceeds from revolving facility	0	11,000
Payments on revolving facility	0	(6,000)
Contributions from (distributions to) noncontrolling interests	2	(129)
Payments of employee taxes on certain share-based arrangements	(854)	(801)
Net cash (used in) provided by financing activities	(3,163)	223
Effect of exchange rate changes on cash and cash equivalents	228	(1,141)
Increase in cash and cash equivalents	8,546	421
Cash and cash equivalents at beginning of period	90,159	74,292
Cash and cash equivalents at end of period	98,705	74,713
Supplemental disclosure of investing transactions:
Capital expenditures purchased	(4,992)	(3,988)
Supplemental disclosure of non-cash financing transactions:
Conversion of exchangeable notes to common stock	0	$ (2,794)
Capital expenditures accrued but not yet paid	$ 1,077

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	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	(812)	7			(819)			(812)
Common stock issuance from conversion of exchangeable notes (123,808 shares)	2,794	12			2,782			2,794
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)
Balance, beginning at Mar. 31, 2018	201,874	1,304	103	(8,765)	195,259	47,911	(33,939)	201,873	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	7,683					7,693		7,693	(10)
Other comprehensive income	(3,659)						(3,659)	(3,659)
Share-based compensation expense	428				428			428
Restricted stock issuances	(16)	3			(19)			(16)
Distributions to noncontrolling interests	(12)								(12)
Balance, ending at Jun. 30, 2018	206,298	1,307	103	(8,765)	195,668	55,604	(37,598)	206,319	(21)
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	13,906					13,808		13,808	98
Other comprehensive income	1,136						1,136	1,136
Share-based compensation expense	1,086				1,086			1,086
Restricted stock issuances	(872)	5			(877)			(872)
Common stock issuance from conversion of exchangeable notes (123,808 shares)	0
Contributions from noncontrolling interests	2								2
Balance, ending at Jun. 29, 2019	234,242	1,312	103	(8,765)	196,875	80,908	(36,329)	234,104	138
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect adjustment for adoption of ASU | Accounting Standards Update 2016-02	0					0		0
Balance, beginning at Mar. 30, 2019	227,878	1,311	103	(8,765)	196,578	75,343	(36,779)	227,791	87
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	5,580					5,565		5,565	15
Other comprehensive income	450						450	450
Share-based compensation expense	572				572			572
Restricted stock issuances	(274)	1			(275)			(274)
Contributions from noncontrolling interests	36								36
Balance, ending at Jun. 29, 2019	$ 234,242	$ 1,312	$ 103	$ (8,765)	$ 196,875	$ 80,908	$ (36,329)	$ 234,104	$ 138

Consolidated Condensed Statem_5

Consolidated Condensed Statements of Equity (Parenthetical) - Common Stock - shares	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Restricted stock issuances, shares	11,295	26,007	48,482	59,038
Common stock issuance from conversion of exchangeable notes, shares				123,808

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 29, 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 June 29, 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 February 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.

Revenues

Revenues	6 Months Ended
	Jun. 29, 2019
Revenue from Contract with Customer [Abstract]
Revenues	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 $ 13,102 $ 8,497 $ 5,894 $ 27,493 $ 14,933 $ 10,997 $ 5,868 $ 31,798 United Kingdom 833 2,534 4,234 7,601 965 2,689 3,677 7,331 Other Europe 8,847 2,957 4,273 16,077 7,703 2,960 4,527 15,190 Israel 3,272 84 — 3,356 2,471 144 — 2,615 Asia 6,945 2,277 2,316 11,538 8,130 2,568 2,716 13,414 Canada — — 4,805 4,805 — — 3,883 3,883 Total $ 32,999 $ 16,349 $ 21,522 $ 70,870 $ 34,202 $ 19,358 $ 20,671 $ 74,231 Six Fiscal Months Ended June 29, 2019 Six Fiscal Months Ended June 30, 2018 Foil Technology Force Weighing and Total Foil Technology Force Weighing and Total United States $ 30,011 $ 16,549 $ 10,927 $ 57,487 $ 28,852 $ 21,022 $ 11,401 $ 61,275 United Kingdom 1,674 5,711 8,578 15,963 1,913 6,052 7,270 15,235 Other Europe 16,950 5,981 8,815 31,746 15,475 6,000 9,900 31,375 Israel 6,251 203 — 6,454 4,841 286 — 5,127 Asia 15,162 4,637 4,890 24,689 17,275 5,226 3,832 26,333 Canada — — 11,056 11,056 — — 7,977 7,977 $ 70,048 $ 33,081 $ 44,266 $ 147,395 $ 68,356 $ 38,586 $ 40,380 $ 147,322 The following table disaggregates net revenue from contracts with customers by market sector (in thousands) : Fiscal quarter ended Six fiscal months ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Test & Measurement $ 19,382 $ 19,117 $ 37,974 $ 38,377 Avionics, Military & Space 3,825 5,875 12,243 11,566 Medical 2,680 2,295 5,287 4,974 Precision Weighing 24,826 23,825 47,404 47,648 Force Measurement 13,642 16,973 29,808 34,265 Steel 6,515 6,146 14,679 10,492 Total $ 70,870 $ 74,231 $ 147,395 $ 147,322 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 June 29, 2019 2,011 4,294 Increase/(decrease) $ 1,047 $ (1,034 ) The amount of revenue recognized during the six fiscal months ended June 29, 2019 that was included in the contract liability balance at December 31, 2018 was $4.0 million .

Goodwill

Goodwill	6 Months Ended
	Jun. 29, 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 246 246 — — Balance at June 29, 2019 $ 16,387 $ 6,534 $ 6,311 $ 3,542

Leases

Leases	6 Months Ended
	Jun. 29, 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 period which is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. Some of these leases contain variable payment provisions that depend on an index or rate, initially measured using the index or rate at the lease commencement date and are therefore not included in our future minimum lease payments. Variable payments are expensed in the periods incurred. 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, which have remaining terms of less than one year to seven years . 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 June 29, 2019 Assets Operating lease right of use asset Other Assets $ 8,704 Liabilities Operating lease - current Other Accrued Expenses $ 2,575 Operating lease - non-current Other Liabilities $ 6,282 Other information related to lease term and discount rate is as follows: June 29, 2019 Operating leases weighted average remaining lease term (in years) 4.3 Operating leases weighted average discount rate 5.16 % The components of lease expense are as follows (in thousands) : Fiscal quarter ended Six fiscal months ended June 29, 2019 June 29, 2019 Operating lease cost $ 812 $ 1,635 Variable lease cost 9 9 Short-term lease cost 32 59 Total lease cost $ 853 $ 1,703 Right of use assets obtained in exchange for new operating lease liability during 2019 were $0.1 million. The cash paid for amounts included in the measurement of lease liabilities approximates our operating lease cost for the six months ended June 29, 2019 . Undiscounted maturities of operating lease payments as of June 29, 2019 are summarized as follows (in thousands) : 2019 (excluding the six months ended June 29, 2019) $ 1,603 2020 2,664 2021 2,037 2022 1,426 2023 1,002 Thereafter 1,157 Total future minimum lease payments $ 9,889 Less: amount representing interest (1,032 ) Present value of future minimum lease payments $ 8,857 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 April 2020.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 29, 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 June 29, 2019 was 26.4% compared to 27.3% for the fiscal quarter ended June 30, 2018 . The effective tax rate for the six fiscal months ended June 29, 2019 was 26.9% compared to 28.4% for the six fiscal months ended June 30, 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 tax rate in the current six fiscal month period is lower than the prior year six fiscal month period also 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	6 Months Ended
	Jun. 29, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands) : June 29, 2019 December 31, 2018 2015 Credit Agreement - Revolving Facility $ 12,000 $ 12,000 2015 Credit Agreement - U.S. Closing Date Term Facility 2,503 2,967 2015 Credit Agreement - U.S. Delayed Draw Term Facility 6,117 7,253 2015 Credit Agreement - Canadian Term Facility 4,137 4,798 Other debt 217 279 Deferred financing costs (168 ) (222 ) Total long-term debt 24,806 27,075 Less: current portion 4,882 4,654 Long-term debt, less current portion $ 19,924 $ 22,421

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 29, 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 951 — 951 Amounts reclassified from accumulated other comprehensive income (loss) — 185 185 Balance at June 29, 2019 $ (30,368 ) $ (5,961 ) $ (36,329 ) Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2018 $ (27,390 ) $ (8,060 ) $ (35,450 ) Other comprehensive loss 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 ) 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. 29, 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 $ 82 $ 31 $ 137 $ 27 Interest cost 157 45 174 38 Expected return on plan assets (132 ) — (141 ) — Amortization of actuarial losses 50 39 130 44 Net periodic benefit cost $ 157 $ 115 $ 300 $ 109 Six fiscal months ended June 29, 2019 Six fiscal months ended June 30, 2018 Pension OPEB Pension OPEB Net service cost $ 165 $ 62 $ 275 $ 54 Interest cost 314 90 350 76 Expected return on plan assets (265 ) — (283 ) — Amortization of actuarial losses 100 78 261 88 Net periodic benefit cost $ 314 $ 230 $ 603 $ 218

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 29, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The Amended and Restated Vishay Precision Group, Inc. 2010 Stock Incentive Program (as amended and restated, the “Plan”) permits the issuance of up to 1,000,000 shares of common stock. At June 29, 2019 , the Company had reserved 417,502 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. On May 16, 2019, the Board of Directors approved the issuance of an aggregate of 8,244 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 16, 2020, subject to the directors' continued service on the Board of Directors. 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 Six fiscal months ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Restricted stock units $ 512 $ 428 $ 1,086 $ 801

Segment Information

Segment Information	6 Months Ended
	Jun. 29, 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 on-board weighing applications. VPG evaluates reporting segment performance based on multiple performance measures including third party net revenues, gross profits and operating income, exclusive of certain items. Management believes that evaluating segment performance, excluding items such as restructuring costs, executive severance 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 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Net third-party revenues: Foil Technology Products $ 32,999 $ 34,202 $ 70,048 $ 68,356 Force Sensors 16,349 19,358 33,081 38,586 Weighing and Control Systems 21,522 20,671 44,266 40,380 Total $ 70,870 $ 74,231 $ 147,395 $ 147,322 Gross profit: Foil Technology Products $ 14,394 $ 15,753 $ 30,973 $ 30,357 Force Sensors 4,392 5,690 9,453 10,930 Weighing and Control Systems 9,823 9,923 21,234 18,584 Total $ 28,609 $ 31,366 $ 61,660 $ 59,871 Reconciliation of segment operating income to consolidated results: Foil Technology Products $ 8,619 $ 9,976 $ 18,925 $ 18,769 Force Sensors 2,039 3,385 4,574 5,960 Weighing and Control Systems 5,043 4,956 11,618 8,834 Unallocated G&A expenses (6,988 ) (6,941 ) (13,801 ) (14,001 ) Executive severance costs (611 ) — (611 ) — Restructuring costs — (61 ) — (61 ) Consolidated condensed operating income $ 8,102 $ 11,315 $ 20,705 $ 19,501 Restructuring costs: Force Sensors — (61 ) — (61 ) $ — $ (61 ) $ — $ (61 ) Executive severance costs: Corporate/Other $ (611 ) $ — $ (611 ) $ — $ (611 ) $ — $ (611 ) $ — 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 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Foil Technology Products to Force Sensors and Weighing and Control Systems $ 1,074 $ 1,139 $ 2,007 $ 2,157 Force Sensors to Foil Technology Products and Weighing and Control Systems $ 184 $ 405 $ 611 $ 716 Weighing and Control Systems to Foil Technology Products and Force Sensors $ 146 $ 133 $ 298 $ 295

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 29, 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 Six fiscal months ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Numerator: Numerator for basic earnings per share: Net earnings attributable to VPG stockholders $ 5,565 $ 7,693 $ 13,808 $ 12,681 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 $ 5,565 $ 7,693 $ 13,808 $ 12,686 Denominator: Denominator for basic earnings per share: Weighted average shares 13,518 13,464 13,506 13,409 Effect of dilutive securities: Exchangeable notes — — — 45 Restricted stock units 77 49 73 57 Dilutive potential common shares 77 49 73 102 Denominator for diluted earnings per share: Adjusted weighted average shares 13,595 13,513 13,579 13,511 Basic earnings per share attributable to VPG stockholders $ 0.41 $ 0.57 $ 1.02 $ 0.95 Diluted earnings per share attributable to VPG stockholders $ 0.41 $ 0.57 $ 1.02 $ 0.94

Additional Financial Statement

Additional Financial Statement Information	6 Months Ended
	Jun. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Financial Statement Information	Additional Financial Statement Information Other Income (Expense) Other The caption “Other” on the consolidated condensed statements of operations consists of the following (in thousands) : Fiscal quarter ended Six fiscal months ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Foreign exchange (loss) gain $ (318 ) $ 75 $ (1,054 ) $ (450 ) Interest income 183 137 338 234 Pension expense (159 ) (316 ) (317 ) (509 ) Other 134 (168 ) 101 (196 ) $ (160 ) $ (272 ) $ (932 ) $ (921 ) Executive Severance Costs During the second fiscal quarter of 2019, the Company recorded $0.6 million of severance costs associated with the resignation of an executive officer of the Company. The severance costs consisted of payments and other benefits as specified in the executive officer's resignation agreement.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 29, 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 June 29, 2019 Assets Assets held in rabbi trusts $ 5,012 $ 90 $ 4,922 $ — 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 June 29, 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 June 29, 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	6 Months Ended
	Jun. 29, 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 June 29, 2019 and June 30, 2018 , respectively. The Company did not record any restructuring costs during the six fiscal months ended June 29, 2019 and recorded $0.1 million of restructuring costs during the six fiscal months ended June 30, 2018 . The following table summarizes recent activity related to all restructuring programs. The accrued restructuring liability balance as of June 29, 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 (83 ) Cash payments (76 ) Foreign currency translation — Balance at June 29, 2019 $ —

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 29, 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 February 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)	6 Months Ended
	Jun. 29, 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,

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 29, 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 $ 13,102 $ 8,497 $ 5,894 $ 27,493 $ 14,933 $ 10,997 $ 5,868 $ 31,798 United Kingdom 833 2,534 4,234 7,601 965 2,689 3,677 7,331 Other Europe 8,847 2,957 4,273 16,077 7,703 2,960 4,527 15,190 Israel 3,272 84 — 3,356 2,471 144 — 2,615 Asia 6,945 2,277 2,316 11,538 8,130 2,568 2,716 13,414 Canada — — 4,805 4,805 — — 3,883 3,883 Total $ 32,999 $ 16,349 $ 21,522 $ 70,870 $ 34,202 $ 19,358 $ 20,671 $ 74,231 Six Fiscal Months Ended June 29, 2019 Six Fiscal Months Ended June 30, 2018 Foil Technology Force Weighing and Total Foil Technology Force Weighing and Total United States $ 30,011 $ 16,549 $ 10,927 $ 57,487 $ 28,852 $ 21,022 $ 11,401 $ 61,275 United Kingdom 1,674 5,711 8,578 15,963 1,913 6,052 7,270 15,235 Other Europe 16,950 5,981 8,815 31,746 15,475 6,000 9,900 31,375 Israel 6,251 203 — 6,454 4,841 286 — 5,127 Asia 15,162 4,637 4,890 24,689 17,275 5,226 3,832 26,333 Canada — — 11,056 11,056 — — 7,977 7,977 $ 70,048 $ 33,081 $ 44,266 $ 147,395 $ 68,356 $ 38,586 $ 40,380 $ 147,322 The following table disaggregates net revenue from contracts with customers by market sector (in thousands) : Fiscal quarter ended Six fiscal months ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Test & Measurement $ 19,382 $ 19,117 $ 37,974 $ 38,377 Avionics, Military & Space 3,825 5,875 12,243 11,566 Medical 2,680 2,295 5,287 4,974 Precision Weighing 24,826 23,825 47,404 47,648 Force Measurement 13,642 16,973 29,808 34,265 Steel 6,515 6,146 14,679 10,492 Total $ 70,870 $ 74,231 $ 147,395 $ 147,322
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 June 29, 2019 2,011 4,294 Increase/(decrease) $ 1,047 $ (1,034 )

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 29, 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 246 246 — — Balance at June 29, 2019 $ 16,387 $ 6,534 $ 6,311 $ 3,542

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 29, 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 June 29, 2019 Assets Operating lease right of use asset Other Assets $ 8,704 Liabilities Operating lease - current Other Accrued Expenses $ 2,575 Operating lease - non-current Other Liabilities $ 6,282
Other Information Related to Lease Term and Discount Rate	Other information related to lease term and discount rate is as follows: June 29, 2019 Operating leases weighted average remaining lease term (in years) 4.3 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 Six fiscal months ended June 29, 2019 June 29, 2019 Operating lease cost $ 812 $ 1,635 Variable lease cost 9 9 Short-term lease cost 32 59 Total lease cost $ 853 $ 1,703
Maturities of Operating Lease Liabilities	Undiscounted maturities of operating lease payments as of June 29, 2019 are summarized as follows (in thousands) : 2019 (excluding the six months ended June 29, 2019) $ 1,603 2020 2,664 2021 2,037 2022 1,426 2023 1,002 Thereafter 1,157 Total future minimum lease payments $ 9,889 Less: amount representing interest (1,032 ) Present value of future minimum lease payments $ 8,857

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 29, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following (in thousands) : June 29, 2019 December 31, 2018 2015 Credit Agreement - Revolving Facility $ 12,000 $ 12,000 2015 Credit Agreement - U.S. Closing Date Term Facility 2,503 2,967 2015 Credit Agreement - U.S. Delayed Draw Term Facility 6,117 7,253 2015 Credit Agreement - Canadian Term Facility 4,137 4,798 Other debt 217 279 Deferred financing costs (168 ) (222 ) Total long-term debt 24,806 27,075 Less: current portion 4,882 4,654 Long-term debt, less current portion $ 19,924 $ 22,421

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 29, 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 951 — 951 Amounts reclassified from accumulated other comprehensive income (loss) — 185 185 Balance at June 29, 2019 $ (30,368 ) $ (5,961 ) $ (36,329 ) Foreign Currency Translation Adjustment Pension Total Balance at January 1, 2018 $ (27,390 ) $ (8,060 ) $ (35,450 ) Other comprehensive loss 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 )

Pensions and Other Postretire_2

Pensions and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 29, 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 $ 82 $ 31 $ 137 $ 27 Interest cost 157 45 174 38 Expected return on plan assets (132 ) — (141 ) — Amortization of actuarial losses 50 39 130 44 Net periodic benefit cost $ 157 $ 115 $ 300 $ 109 Six fiscal months ended June 29, 2019 Six fiscal months ended June 30, 2018 Pension OPEB Pension OPEB Net service cost $ 165 $ 62 $ 275 $ 54 Interest cost 314 90 350 76 Expected return on plan assets (265 ) — (283 ) — Amortization of actuarial losses 100 78 261 88 Net periodic benefit cost $ 314 $ 230 $ 603 $ 218

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 29, 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 Six fiscal months ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Restricted stock units $ 512 $ 428 $ 1,086 $ 801

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 29, 2019
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 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Net third-party revenues: Foil Technology Products $ 32,999 $ 34,202 $ 70,048 $ 68,356 Force Sensors 16,349 19,358 33,081 38,586 Weighing and Control Systems 21,522 20,671 44,266 40,380 Total $ 70,870 $ 74,231 $ 147,395 $ 147,322 Gross profit: Foil Technology Products $ 14,394 $ 15,753 $ 30,973 $ 30,357 Force Sensors 4,392 5,690 9,453 10,930 Weighing and Control Systems 9,823 9,923 21,234 18,584 Total $ 28,609 $ 31,366 $ 61,660 $ 59,871 Reconciliation of segment operating income to consolidated results: Foil Technology Products $ 8,619 $ 9,976 $ 18,925 $ 18,769 Force Sensors 2,039 3,385 4,574 5,960 Weighing and Control Systems 5,043 4,956 11,618 8,834 Unallocated G&A expenses (6,988 ) (6,941 ) (13,801 ) (14,001 ) Executive severance costs (611 ) — (611 ) — Restructuring costs — (61 ) — (61 ) Consolidated condensed operating income $ 8,102 $ 11,315 $ 20,705 $ 19,501 Restructuring costs: Force Sensors — (61 ) — (61 ) $ — $ (61 ) $ — $ (61 ) Executive severance costs: Corporate/Other $ (611 ) $ — $ (611 ) $ — $ (611 ) $ — $ (611 ) $ — 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 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Foil Technology Products to Force Sensors and Weighing and Control Systems $ 1,074 $ 1,139 $ 2,007 $ 2,157 Force Sensors to Foil Technology Products and Weighing and Control Systems $ 184 $ 405 $ 611 $ 716 Weighing and Control Systems to Foil Technology Products and Force Sensors $ 146 $ 133 $ 298 $ 295

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 29, 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 Six fiscal months ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Numerator: Numerator for basic earnings per share: Net earnings attributable to VPG stockholders $ 5,565 $ 7,693 $ 13,808 $ 12,681 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 $ 5,565 $ 7,693 $ 13,808 $ 12,686 Denominator: Denominator for basic earnings per share: Weighted average shares 13,518 13,464 13,506 13,409 Effect of dilutive securities: Exchangeable notes — — — 45 Restricted stock units 77 49 73 57 Dilutive potential common shares 77 49 73 102 Denominator for diluted earnings per share: Adjusted weighted average shares 13,595 13,513 13,579 13,511 Basic earnings per share attributable to VPG stockholders $ 0.41 $ 0.57 $ 1.02 $ 0.95 Diluted earnings per share attributable to VPG stockholders $ 0.41 $ 0.57 $ 1.02 $ 0.94

Additional Financial Statemen_2

Additional Financial Statement Information (Tables)	6 Months Ended
	Jun. 29, 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 Six fiscal months ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Foreign exchange (loss) gain $ (318 ) $ 75 $ (1,054 ) $ (450 ) Interest income 183 137 338 234 Pension expense (159 ) (316 ) (317 ) (509 ) Other 134 (168 ) 101 (196 ) $ (160 ) $ (272 ) $ (932 ) $ (921 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 29, 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 June 29, 2019 Assets Assets held in rabbi trusts $ 5,012 $ 90 $ 4,922 $ — December 31, 2018 Assets Assets held in rabbi trusts $ 4,641 $ 87 $ 4,554 $ —

Restructuring Costs (Tables)

Restructuring Costs (Tables)	6 Months Ended
	Jun. 29, 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 June 29, 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 (83 ) Cash payments (76 ) Foreign currency translation — Balance at June 29, 2019 $ —

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 70,870	$ 74,231	$ 147,395	$ 147,322
United States
Disaggregation of Revenue [Line Items]
Total revenue	27,493	31,798	57,487	61,275
United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	7,601	7,331	15,963	15,235
Other Europe
Disaggregation of Revenue [Line Items]
Total revenue	16,077	15,190	31,746	31,375
Israel
Disaggregation of Revenue [Line Items]
Total revenue	3,356	2,615	6,454	5,127
Asia
Disaggregation of Revenue [Line Items]
Total revenue	11,538	13,414	24,689	26,333
Canada
Disaggregation of Revenue [Line Items]
Total revenue	4,805	3,883	11,056	7,977
Foil Technology Products
Disaggregation of Revenue [Line Items]
Total revenue	32,999	34,202	70,048	68,356
Foil Technology Products | United States
Disaggregation of Revenue [Line Items]
Total revenue	13,102	14,933	30,011	28,852
Foil Technology Products | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	833	965	1,674	1,913
Foil Technology Products | Other Europe
Disaggregation of Revenue [Line Items]
Total revenue	8,847	7,703	16,950	15,475
Foil Technology Products | Israel
Disaggregation of Revenue [Line Items]
Total revenue	3,272	2,471	6,251	4,841
Foil Technology Products | Asia
Disaggregation of Revenue [Line Items]
Total revenue	6,945	8,130	15,162	17,275
Foil Technology Products | Canada
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Force Sensors
Disaggregation of Revenue [Line Items]
Total revenue	16,349	19,358	33,081	38,586
Force Sensors | United States
Disaggregation of Revenue [Line Items]
Total revenue	8,497	10,997	16,549	21,022
Force Sensors | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	2,534	2,689	5,711	6,052
Force Sensors | Other Europe
Disaggregation of Revenue [Line Items]
Total revenue	2,957	2,960	5,981	6,000
Force Sensors | Israel
Disaggregation of Revenue [Line Items]
Total revenue	84	144	203	286
Force Sensors | Asia
Disaggregation of Revenue [Line Items]
Total revenue	2,277	2,568	4,637	5,226
Force Sensors | Canada
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Weighing and Control Systems
Disaggregation of Revenue [Line Items]
Total revenue	21,522	20,671	44,266	40,380
Weighing and Control Systems | United States
Disaggregation of Revenue [Line Items]
Total revenue	5,894	5,868	10,927	11,401
Weighing and Control Systems | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	4,234	3,677	8,578	7,270
Weighing and Control Systems | Other Europe
Disaggregation of Revenue [Line Items]
Total revenue	4,273	4,527	8,815	9,900
Weighing and Control Systems | Israel
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Weighing and Control Systems | Asia
Disaggregation of Revenue [Line Items]
Total revenue	2,316	2,716	4,890	3,832
Weighing and Control Systems | Canada
Disaggregation of Revenue [Line Items]
Total revenue	$ 4,805	$ 3,883	$ 11,056	$ 7,977

Revenues - Disaggregation of _2

Revenues - Disaggregation of Revenue by Market Sector (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 70,870	$ 74,231	$ 147,395	$ 147,322
Test & Measurement
Disaggregation of Revenue [Line Items]
Total revenue	19,382	19,117	37,974	38,377
Avionics, Military & Space
Disaggregation of Revenue [Line Items]
Total revenue	3,825	5,875	12,243	11,566
Medical
Disaggregation of Revenue [Line Items]
Total revenue	2,680	2,295	5,287	4,974
Precision Weighing
Disaggregation of Revenue [Line Items]
Total revenue	24,826	23,825	47,404	47,648
Force Measurement
Disaggregation of Revenue [Line Items]
Total revenue	13,642	16,973	29,808	34,265
Steel
Disaggregation of Revenue [Line Items]
Total revenue	$ 6,515	$ 6,146	$ 14,679	$ 10,492

Revenues - Contract Assets and

Revenues - Contract Assets and Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 29, 2019USD ($)
Movement in Contract Assets and Liabilities [Roll Forward]
Unbilled revenue, beginning balance	$ 964
Increase in unbilled revenue	1,047
Unbilled revenue, ending balance	2,011
Contract liability, beginning balance	4,294
Increase in accrued customer advances	(1,034)
Contract liability, ending balance	$ 5,328

Revenues - Narrative (Details)

Revenues - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 29, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Contract with customer, revenue recognized	$ 4

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) $ in Thousands	6 Months Ended
	Jun. 29, 2019USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 16,141
Foreign currency translation adjustment	246
Ending balance	16,387
KELK Acquisition | Weighing and Control Systems Segment
Goodwill [Roll Forward]
Beginning balance	6,288
Foreign currency translation adjustment	246
Ending balance	6,534
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	6 Months Ended
	Jun. 29, 2019USD ($)	Dec. 31, 2019ft²	Mar. 30, 2019USD ($)	Jan. 01, 2019USD ($)
Lessee, Lease, Description [Line Items]
Right-of-use asset obtained in exchange for operating lease liability	$ 100
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Cumulative effect adjustment for adoption of ASU			$ 0	$ 531
Accounting Standards Update 2016-02 | Retained Earnings
Lessee, Lease, Description [Line Items]
Cumulative effect adjustment for adoption of ASU			$ 0	$ 531
Israel | Forecast
Lessee, Lease, Description [Line Items]
Area of land (in sq ft) | ft²		121,400
Buildings and Vehicles | Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining lease term (years)	1 year
Buildings and Vehicles | Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining lease term (years)	7 years

Leases - Leases Recorded on the

Leases - Leases Recorded on the Balance Sheet (Details) $ in Thousands	Jun. 29, 2019USD ($)
Leases [Abstract]
Operating lease right of use asset	$ 8,704
Operating lease - current	2,575
Operating lease - non-current	$ 6,282

Leases - Other Information Rela

Leases - Other Information Related to Leases (Details)	Jun. 29, 2019
Leases [Abstract]
Operating leases weighted average remaining lease term (years)	4 years 3 months 16 days
Operating leases weighted average discount rate (percent)	5.16%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 29, 2019	Jun. 29, 2019
Leases [Abstract]
Operating lease cost	$ 812	$ 1,635
Variable lease cost	9	9
Short-term lease cost	32	59
Total lease cost	$ 853	$ 1,703

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jun. 29, 2019USD ($)
Leases [Abstract]
2019 (excluding the six months ended June 29, 2019)	$ 1,603
2020	2,664
2021	2,037
2022	1,426
2023	1,002
Thereafter	1,157
Total future minimum lease payments	9,889
Less: amount representing interest	(1,032)
Present value of future minimum lease payments	$ 8,857

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 29, 2019	Dec. 31, 2018	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Tax cuts and jobs act, incomplete accounting, transition tax for accumulated foreign earnings, provisional income tax expense						$ 2.2
Tax cuts and jobs act, income tax expense (benefit)		$ 0.8
Effective tax rate (percent)	26.40%		27.30%	26.90%	28.40%

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Other debt	$ 217	$ 279
Deferred financing costs	(168)	(222)
Total long-term debt	24,806	27,075
Less: current portion	4,882	4,654
Long-term debt, less current portion	19,924	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	2,503	2,967
U.S. Delayed Draw Term Facility | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	6,117	7,253
Canadian Term Facilities | Credit Agreement 2015
Debt Instrument [Line Items]
Secured debt	$ 4,137	$ 4,798

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	$ 218,453	$ 193,304
Other comprehensive income before reclassifications	951	(2,517)
Amounts reclassified from accumulated other comprehensive income (loss)	185	369
Balance, ending	234,242	206,298
Foreign Currency Translation Adjustment
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(31,319)	(27,390)
Other comprehensive income before reclassifications	951	(2,517)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Balance, ending	(30,368)	(29,907)
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)	185	369
Balance, ending	(5,961)	(7,691)
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Balance, beginning	(37,465)	(35,450)
Balance, ending	$ (36,329)	$ (37,598)

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		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 159	$ 316	$ 317	$ 509
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net service cost	82	137	165	275
Interest cost	157	174	314	350
Expected return on plan assets	(132)	(141)	(265)	(283)
Amortization of actuarial losses	50	130	100	261
Net periodic benefit cost	157	300	314	603
Other Postretirement Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Net service cost	31	27	62	54
Interest cost	45	38	90	76
Expected return on plan assets	0	0	0	0
Amortization of actuarial losses	39	44	78	88
Net periodic benefit cost	$ 115	$ 109	$ 230	$ 218

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) $ in Millions	May 16, 2019USD ($)shares	Mar. 20, 2019USD ($)shares	Mar. 13, 2019USD ($)peopleshares	Jun. 29, 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)				417,502
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)	8,244	12,445	51,814
Weighted average grant date fair value | $	$ 0.3	$ 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		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted stock units	$ 512	$ 428	$ 1,086	$ 801

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 29, 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		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net revenues	$ 70,870	$ 74,231	$ 147,395	$ 147,322
Gross profit	28,609	31,366	61,660	59,871
Segment operating income	8,102	11,315	20,705	19,501
Executive severance costs	(611)	0	(611)	0
Restructuring costs	0	(61)	0	(61)
Foil Technology Products
Segment Reporting Information [Line Items]
Net revenues	32,999	34,202	70,048	68,356
Gross profit			30,973	30,357
Force Sensors
Segment Reporting Information [Line Items]
Net revenues	16,349	19,358	33,081	38,586
Gross profit			9,453	10,930
Restructuring costs	0	(61)	0	(61)
Weighing and Control Systems
Segment Reporting Information [Line Items]
Net revenues	21,522	20,671	44,266	40,380
Gross profit			21,234	18,584
Operating Segments
Segment Reporting Information [Line Items]
Net revenues	70,870	74,231
Gross profit	28,609	31,366
Operating Segments | Foil Technology Products
Segment Reporting Information [Line Items]
Net revenues	32,999	34,202
Gross profit	14,394	15,753
Segment operating income	8,619	9,976	18,925	18,769
Operating Segments | Force Sensors
Segment Reporting Information [Line Items]
Net revenues	16,349	19,358
Gross profit	4,392	5,690
Segment operating income	2,039	3,385	4,574	5,960
Operating Segments | Weighing and Control Systems
Segment Reporting Information [Line Items]
Net revenues	21,522	20,671
Gross profit	9,823	9,923
Segment operating income	5,043	4,956	11,618	8,834
Segment Reconciling Items
Segment Reporting Information [Line Items]
Unallocated G&A expenses	(6,988)	(6,941)	(13,801)	(14,001)
Executive severance costs	(611)	0	(611)	0
Restructuring costs	0	(61)	0	(61)
Corporate/Other
Segment Reporting Information [Line Items]
Executive severance costs	$ (611)	$ 0	$ (611)	$ 0

Segment Information (Intersegme

Segment Information (Intersegment Sales) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 70,870	$ 74,231	$ 147,395	$ 147,322
Foil Technology Products
Segment Reporting Information [Line Items]
Total revenue	32,999	34,202	70,048	68,356
Foil Technology Products | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenue	1,074	1,139	2,007	2,157
Force Sensors
Segment Reporting Information [Line Items]
Total revenue	16,349	19,358	33,081	38,586
Force Sensors | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenue	184	405	611	716
Weighing and Control Systems
Segment Reporting Information [Line Items]
Total revenue	21,522	20,671	44,266	40,380
Weighing and Control Systems | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenue	$ 146	$ 133	$ 298	$ 295

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. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Numerator:
Net earnings attributable to VPG stockholders	$ 5,565	$ 7,693	$ 13,808	$ 12,681
Adjustment to the numerator for net earnings:
Interest savings assuming conversion of dilutive exchangeable notes, net of tax	0	0	0	5
Numerator for diluted earnings per share:
Net earnings attributable to VPG stockholders	$ 5,565	$ 7,693	$ 13,808	$ 12,686
Denominator:
Weighted average shares (in shares)	13,518	13,464	13,506	13,409
Effect of dilutive securities:
Exchangeable notes (in shares)	0	0	0	45
Restricted stock units (in shares)	77	49	73	57
Dilutive potential common shares	77	49	73	102
Denominator for diluted earnings per share:
Adjusted weighted average shares (in shares)	13,595	13,513	13,579	13,511
Basic earnings per share attributable to VPG stockholders (dollars per share)	$ 0.41	$ 0.57	$ 1.02	$ 0.95
Diluted earnings per share attributable to VPG stockholders (dollars per share)	$ 0.41	$ 0.57	$ 1.02	$ 0.94

Additional Financial Statemen_3

Additional Financial Statement Information (Schedule of Other Items in Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign exchange (loss) gain	$ (318)	$ 75	$ (1,054)	$ (450)
Interest income	183	137	338	234
Pension expense	(159)	(316)	(317)	(509)
Other	134	(168)	101	(196)
Other nonoperating income (expense)	$ (160)	$ (272)	$ (932)	$ (921)

Additional Financial Statemen_4

Additional Financial Statement Information (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Executive severance costs	$ 611	$ 0	$ 611	$ 0

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. 29, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	$ 5,012	$ 4,641
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	90	87
Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	4,922	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		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring costs	$ 0	$ 0	$ 0	$ 100,000

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Restructuring Reserve [Roll Forward]
Restructuring costs	$ 0	$ 61	$ 0	$ 61
Employee Severance
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			159
Restructuring costs			0
Adjustment for adoption of ASU 2016-02			(83)
Cash payments			(76)
Foreign currency translation			0
Restructuring reserve, ending balance	$ 0		$ 0

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