Vishay Precision (VPG) 10-K 4 Mar 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Mar. 04, 2022	Jul. 03, 2021
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	1-34679
Entity Registrant Name	Vishay Precision Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-0986328
Entity Address, Address Line One	3 Great Valley Parkway, Suite 150
Entity Address, City or Town	Malvern
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19355
City Area Code	484
Local Phone Number	321-5300
Title of 12(b) Security	Common Stock, $0.10 par value
Trading Symbol	VPG
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 440,366
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement, which will be filed within 120 days of December 31, 2021, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001487952
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock
Entity Common Stock, Shares Outstanding (in shares)		12,611,905
Class B Convertible Common Stock
Entity Common Stock, Shares Outstanding (in shares)		1,022,887

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Brightman Almagor Zohar & Co.
Auditor Location	Tel Aviv, Israel
Auditor Firm ID	1197

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 84,335	$ 98,438
Accounts receivable, net of allowances for credit losses of $740 and $879, respectively	58,265	45,339
Inventories:
Raw materials	25,464	21,894
Work in process	23,851	21,534
Finished goods	27,112	18,920
Inventories	76,427	62,348
Prepaid expenses and other current assets	15,916	15,761
Total current assets	234,943	221,886
Property and equipment:
Land	4,241	4,282
Buildings and improvements	68,778	67,581
Machinery and equipment	122,202	115,717
Software	8,871	10,026
Construction in progress	7,747	6,341
Accumulated depreciation	(130,619)	(128,931)
Property and equipment, net	81,220	75,016
Goodwill	45,830	31,105
Intangible assets, net	52,437	32,039
Operating lease right-of-use assets	27,764	21,788
Other assets	19,695	20,053
Total assets	461,889	401,887
Current liabilities:
Trade accounts payable	14,876	10,487
Payroll and related expenses	23,772	17,595
Other accrued expenses	17,596	13,843
Income taxes	3,774	1,593
Current portion of operating lease liabilities	4,610	4,011
Current portion of long-term debt	0	18
Total current liabilities	64,628	47,547
Long-term debt, less current portion	60,714	40,626
Deferred income taxes	5,848	3,403
Operating lease liabilities	25,140	19,504
Other liabilities	16,264	16,263
Accrued pension and other postretirement costs	12,253	16,687
Total liabilities	184,847	144,030
Commitments and contingencies
Equity:
Preferred stock, par value $1.00 per share: authorized - 1,000,000 shares; none issued		0
Treasury stock, at cost - 619.667 shares held at December 31, 2021 and December 31, 2020	(8,765)	(8,765)
Capital in excess of par value	199,151	197,764
Retained earnings	120,296	100,075
Accumulated other comprehensive loss	(35,008)	(32,671)
Total Vishay Precision Group, Inc. stockholders' equity	277,099	257,823
Noncontrolling interests	(57)	34
Total equity	277,042	257,857
Total liabilities and equity	461,889	401,887
Common Stock
Equity:
Common stock	1,322	1,317
Class B Convertible Common Stock
Equity:
Common stock	$ 103	$ 103

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Allowance for credit losses (in dollars)	$ 740	$ 879
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares outstanding (in shares)	12,603,220	12,552,439
Treasury stock (in shares)	619,667	619,667
Class B Convertible Common Stock
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	3,000,000	3,000,000
Common stock, shares outstanding (in shares)	1,022,887	1,022,887

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net revenues	$ 317,919	$ 269,812	$ 283,958
Costs of products sold	192,777	165,541	172,341
Gross profit	125,142	104,271	111,617
Selling, general, and administrative expenses	95,273	78,256	79,622
Acquisition costs	1,198	0	443
Impairment of goodwill and indefinite-lived intangibles	1,223	2,440	0
Executive severance costs	0	0	611
Restructuring costs	76	918	2,293
Operating income	27,372	22,657	28,648
Other income (expense):
Interest expense	(1,230)	(1,366)	(1,507)
Other	(230)	(2,982)	(701)
Other expenses - net	(1,460)	(4,348)	(2,208)
Income before taxes	25,912	18,309	26,440
Income tax expense	5,469	7,509	4,145
Net earnings	20,443	10,800	22,295
Less: net earnings attributable to noncontrolling interests	222	13	107
Net earnings attributable to VPG stockholders	$ 20,221	$ 10,787	$ 22,188
Basic earnings per share attributable to VPG stockholders (in dollars per share)	$ 1.49	$ 0.80	$ 1.64
Diluted earnings per share attributable to VPG stockholders (in dollars per share)	$ 1.48	$ 0.79	$ 1.63
Weighted average shares outstanding - basic (in shares)	13,616	13,566	13,515
Weighted average shares outstanding - diluted (in shares)	13,657	13,623	13,597

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 20,443	$ 10,800	$ 22,295
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	(4,684)	5,169	558
Pension and other postretirement actuarial items	2,347	(137)	(796)
Other comprehensive income (loss)	(2,337)	5,032	(238)
Comprehensive income	18,106	15,832	22,057
Less: comprehensive income attributable to noncontrolling interests	222	13	107
Comprehensive income attributable to VPG stockholders	$ 17,884	$ 15,819	$ 21,950

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating activities
Net earnings	$ 20,443	$ 10,800	$ 22,295
Adjustments to reconcile net earnings to net cash provided by operating activities:
Impairment of goodwill and indefinite-lived intangibles	1,223	2,440	0
Depreciation and amortization	14,996	12,507	11,795
Loss from extinguishment of debt	0	30	0
(Gain) loss on disposal of property and equipment	(5)	(130)	34
Reclassification of foreign currency translation adjustment related to disposal of subsidiary	0	0	(827)
Share-based compensation expense	2,244	1,387	1,336
Inventory write-offs for obsolescence	2,288	2,525	2,588
Deferred income taxes	(3,256)	1,153	(2,556)
Other	(2,605)	1,735	358
Net changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(8,038)	(753)	11,369
Inventories	(8,626)	2,986	(619)
Prepaid expenses and other current assets	(56)	67	(5,087)
Trade accounts payable	3,292	59	(2,273)
Other current liabilities	11,637	507	(7,481)
Net cash provided by operating activities	33,537	35,313	30,932
Investing activities
Capital expenditures	(17,061)	(22,949)	(11,196)
Proceeds from sale of property and equipment	231	983	615
Purchase of business	(47,216)	156	(40,481)
Net cash used in investing activities	(64,046)	(21,810)	(51,062)
Financing activities
Principal payments on long-term debt	(18)	(3,493)	(4,618)
Debt issuance costs	0	(402)	0
Proceeds from revolving facility	20,000	0	22,000
Purchase of non-controlling interest	0	(253)	0
Distributions to noncontrolling interests	(313)	(70)	(52)
Payments of employee taxes on certain share-based arrangements	(853)	(813)	(854)
Net cash (used in) provided by financing activities	18,816	(5,031)	16,476
Effect of exchange rate changes on cash and cash equivalents	(2,410)	3,056	405
(Decrease) increase in cash and cash equivalents	(14,103)	11,528	(3,249)
Cash and cash equivalents at beginning of year	98,438	86,910	90,159
Cash and cash equivalents at end of year	84,335	98,438	86,910
Supplemental disclosure of investing transactions:
Capital expenditures purchased	(17,567)	(24,327)	(10,529)
Capital expenditures accrued but not yet paid	$ 3,068	$ 2,561	$ 1,183

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Total VPG Inc. Stockholders' Equity	Total VPG Inc. Stockholders' EquityCumulative Effect, Period of Adoption, Adjustment	Common Stock	Class B Convertible Common Stock	Treasury Stock	Capital in Excess of Par Value	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2018	$ 218,453		$ 218,415		$ 1,307	$ 103	$ (8,765)	$ 196,666	$ 66,569		$ (37,465)	$ 38
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	22,295		22,188						22,188			107
Other comprehensive income (loss)	(238)		(238)								(238)
Share-based compensation expense	1,336		1,336					1,336
Restricted stock issuances	(872)		(872)		5			(877)
Impact due to DSI acquisition	299											299
Distributions to noncontrolling interests	(52)											(52)
Balance at end of period at Dec. 31, 2019	$ 241,752	$ 531	241,360	$ 531	1,312	103	(8,765)	197,125	89,288	$ 531	(37,703)	392
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-02 [Member]
Net earnings	$ 10,800		10,787						10,787			13
Other comprehensive income (loss)	5,032		5,032								5,032
Share-based compensation expense	1,387		1,387					1,387
Restricted stock issuances	(791)		(791)		5			(796)
Purchase of noncontrolling interest	(253)		48					48				(301)
Distributions to noncontrolling interests	(70)											(70)
Balance at end of period at Dec. 31, 2020	257,857		257,823		1,317	103	(8,765)	197,764	100,075		(32,671)	34
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	20,443		20,221						20,221			222
Other comprehensive income (loss)	(2,337)		(2,337)								(2,337)
Share-based compensation expense	2,244		2,244					2,244
Restricted stock issuances	(852)		(852)		5			(857)
Distributions to noncontrolling interests	(313)											(313)
Balance at end of period at Dec. 31, 2021	$ 277,042		$ 277,099		$ 1,322	$ 103	$ (8,765)	$ 199,151	$ 120,296		$ (35,008)	$ (57)

Consolidated Statements of Eq_2

Consolidated Statements of Equity [Parenthetical] - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted stock issuances (in shares)	50,781	52,433	48,482
Conversion from Class B to common stock (in shares)			2,271

Background and Summary of Signi

Background and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Background and Summary of Significant Accounting Policies	Background and Summary of Significant Accounting Policies Background Vishay Precision Group, Inc. (“VPG” or the “Company”) is a global, diversified company focused on precision measurement sensing technologies, including specialized sensors, weighing solutions, and measurement systems. Many of our precision measurement sensing products and solutions are “designed-in” by our customers, and address growing applications across a diverse array of industries and markets. Our products are marketed under a variety of brand names that we believe are characterized as having a very high level of precision and quality, and we employ an operationally diversified structure to manage our businesses. Principles of Consolidation The consolidated financial statements include the accounts of the individual entities in which the Company maintained a controlling financial interest. For those subsidiaries in which the Company’s ownership is less than 100 percent, the outside stockholders’ interests are shown as noncontrolling interests in the accompanying consolidated balance sheets. All transactions, accounts, and profits between individual members comprising the Company have been eliminated in consolidation. Change in Segment Reporting In the fourth quarter of 2021, the Company formally adopted an operationally diversified structure and strategy, by which each of VPG's operating segments maintains and deploys specific go-to-market strategies, technical expertise, capital requirements, and acquisition opportunities. This change in structure and strategy impacted the Company's reportable segments beginning in the fourth quarter of 2021, but did not impact the Company's consolidated financial statements. As a result, we recast our businesses into new reporting segments and the results of operations by reporting segments for prior periods presented in the financial statements have been recast to reflect the new reporting segments. Refer to Note 13 for further information about the Company's reporting segments. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ significantly from those estimates. Revenue Recognition The Company derives substantially all of its revenue from product sales. The Company recognizes the vast majority of its sales at a point-in-time. It utilizes the core principle of recognizing revenue when the Company satisfies performance obligations as evidenced by the transfer of control of its products to the customer. Such revenues are derived from purchase orders and/or contracts with customers. Each contract has the promise to transfer the control of the products, each of which is individually distinct and is considered the identified performance obligation. As part of the decision to enter into each contract, the Company evaluates the customer’s credit risk, but its contracts do not have any significant financing components, as payment is generally due net 30 to 60 days after delivery. In accordance with contract terms, revenue from the Company’s product sales is recognized at the time of product shipment from its facilities or delivery to the customer location, as determined by the agreed upon shipping terms. Under the terms of some of its contracts, the Company may be required to perform certain installation services. These installation services are performed at the time of product delivery or at some point thereafter. The installation services do not significantly modify the product provided, and although the Company may be required contractually to provide these services, the installation services could be performed by a third party or the customer. Thus, these installation services are a distinct performance obligation. In most of the applicable contracts, this installation service element is immaterial in the context of the agreement. When the installation services are accounted for as a separate performance obligation, the Company allocates the transaction price to this element based on its relative standalone selling price. 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. Sales, value added taxes and other taxes collected concurrent with revenue-producing activities are excluded from revenue. See Note 2 for further details on Revenues. Research and Development Expenses Research and development costs are expensed as incurred. The amount charged to expense for research and development was $17.2 million, $12.6 million, and $12.1 million for the years ended December 31, 2021, 2020, and 2019, respectively. Income Taxes The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income tax expense in the period that includes the enactment date. The Company records net deferred tax assets to the extent it believes such assets will "more likely than not" be realized. In making this determination, the Company considers all positive and negative evidence, including historic earnings, projected future income, and cost-effective tax-planning strategies. When the Company determines that its ability to realize deferred tax assets is not "more likely than not", the Company adjusts its deferred tax asset valuation allowance, which increases income tax expense. The Company records uncertain tax positions on the basis of a two-step process in which the Company first determines whether it is "more likely than not" that the tax positions will be sustained based on the technical merits of the position and then measures those tax positions that meet the more-likely-than-not recognition threshold. The Company recognizes the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the tax authority. The Company recognizes interest and penalties related to unrecognized tax benefits within income tax expense in the accompanying consolidated statements of operations. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheets. Cash and Cash Equivalents Cash and cash equivalents include demand deposits and highly liquid investments with original maturities of three months or less when purchased. Highly liquid investments with maturities greater than three months are classified as short-term investments. There were no investments classified as short-term investments at December 31, 2021 or 2020. Allowance for Credit Losses The Company maintains an allowance for credit losses resulting from the inability of its customers to make required payments. In determining the amount of the allowance for credit losses, the Company considers historical loss data, customer specific information, current market conditions and reasonable and supportable forecasts of future economic conditions to inform adjustments to historical loss data. The allowance for credit losses was $0.7 million and $0.9 million at December 31, 2021 and 2020, respectively. The credit loss was $0.1 million, $0.3 million, and $0.1 million for the years ended December 31, 2021, 2020, and 2019, respectively. Inventories Inventories are stated at the lower of cost, determined by the first-in, first-out method, or market based on net realizable value. Inventories are adjusted for estimated excess and obsolescence and written down to net realizable value based upon estimates of future demand, technology developments, and market conditions. Property and Equipment Property and equipment are carried at cost and is depreciated principally by the straight-line method based upon the estimated useful lives of the assets. Machinery and equipment are being depreciated over useful lives of seven twenty three Business Combinations The Company allocates the purchase price of an acquired company, including when applicable, the fair value of contingent consideration between tangible and intangible assets acquired and liabilities assumed from the acquired businesses based on estimated fair values, with any residual of the purchase price recorded as goodwill. Estimating fair values requires significant judgments, estimates and assumptions including but not limited to: discount rates, future cash flows and the economic lives of trade names, technology, and customer relationships. These estimates are based on historical experience and information obtained from the management of the acquired companies, and are inherently uncertain. Goodwill and Other Intangible Assets Goodwill and indefinite-lived trademarks are tested for impairment at least annually, and whenever events or changes in circumstances occur indicating that it is "more likely than not" impairment may have been incurred. The Company has the option to first assess qualitative factors to determine whether it is "more likely than not" that the fair value of a reporting unit is less than its carrying amount as a basis for determining if it is necessary to perform the quantitative goodwill impairment test. However, if the Company concludes otherwise, then it is required to perform the quantitative impairment test by calculating the fair value of the reporting unit and comparing it against its carrying amount. If the fair value exceeds the carrying value, no further evaluation is required and no impairment loss is recognized. An impairment charge would be recognized to the extent the carrying amount of goodwill exceeds the reporting unit fair value. The indefinite-lived trade names are tested for impairment either by employing the qualitative approach outlined above, or by comparing the carrying value to the fair value based on current revenue projections of the related operations, under the relief from royalty method. Any excess carrying value over the applicable fair value is recognized as impairment. Any impairment would be recognized in the reporting period in which it has been identified. The Company's required goodwill and indefinite-lived asset annual impairment test is completed as of the first day of the fourth fiscal quarter each year. As described in Note 4 to the consolidated financial statements, the 2021 interim impairment test resulted in an impairment charge in the second quarter of 2021. The 2020 annual impairment test resulted in an impairment charge in the fourth quarter of 2020. In 2019 the annual impairment test resulted in no impairment. Definite-lived intangible assets, such as customer relationships, patents and acquired technology, non-competition agreements, and certain trade names are amortized on a straight-line method over their estimated useful lives. Patents and acquired technology are being amortized over useful lives of seven five seven five Impairment of Long-Lived Assets The carrying value of long-lived assets held-and-used, other than goodwill and indefinite-lived intangible assets, is evaluated when events or changes in circumstances indicate the carrying value may not be recoverable. The carrying value of a long-lived asset group is considered impaired when the total projected undiscounted cash flows from such asset group are separately identifiable and are less than the carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset group. Fair market value is determined primarily using present value techniques based on projected cash flows from the asset group. Losses on long-lived assets held-for-sale, other than goodwill and indefinite-lived intangible assets, are determined in a similar manner, except that fair market values are reduced for disposal costs. Foreign Currency Translation The Company has significant operations outside of the United States. The Company's operations in Europe, Canada, and certain locations in Asia primarily generate and expend cash in local currencies, and accordingly, these subsidiaries utilize the local currency as their functional currency. The Company’s operations in Israel and certain locations in Asia primarily generate cash in U.S. dollars, and accordingly, these subsidiaries utilize the U.S. dollar as their functional currency. For those subsidiaries where the local currency is the functional currency, assets and liabilities in the consolidated balance sheets have been translated at the rate of exchange as of the balance sheet date. Revenues and expenses are translated at the average exchange rate for the year. Translation adjustments do not impact the consolidated statements of operations and are reported as a separate component of accumulated other comprehensive loss within the statement of comprehensive income. Foreign currency transaction gains and losses are included in the results of operations. For those foreign subsidiaries where the U.S. dollar is the functional currency, all foreign currency financial statement amounts are remeasured into U.S. dollars. Exchange gains and losses arising from remeasurement of foreign currency-denominated monetary assets and liabilities are included in the consolidated statements of operations. Share-Based Compensation Compensation costs related to share-based payments are recognized in the consolidated financial statements. The amount of compensation cost is measured based on the grant-date fair value of the equity instruments issued. For service-based awards, compensation cost is recognized over the period that an officer, employee, or non-employee director provides service in exchange for the award. The Company recognizes forfeitures as they occur. For performance based awards, the Company recognizes compensation cost for awards that are expected to vest based on whether performance criteria are expected to be met. Leases 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. The Company uses the practical expedients to exclude from balance sheet reporting leases with initial terms of 12 months or less and to exclude non-lease components from lease right of use assets and corresponding liabilities. Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated. Recently Adopted Accounting Pronouncements

Revenues

Revenues	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenues	Revenues 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) : Year Ended December 31, 2021 Sensors Weighing Solutions Measurement Systems Total United States $ 39,845 $ 52,542 $ 40,095 $ 132,482 United Kingdom 3,083 16,577 752 20,412 Other Europe 25,859 39,549 2,503 67,911 Israel 22,391 994 — 23,385 Asia 36,683 15,719 7,476 59,878 Canada — 9 13,842 13,851 $ 127,861 $ 125,390 $ 64,668 $ 317,919 Year Ended December 31, 2020 Sensors Weighing Solutions Measurement Systems Total United States $ 39,624 $ 46,980 $ 21,656 $ 108,260 United Kingdom 3,047 19,866 229 23,142 Other Europe 29,473 23,114 2,098 54,685 Israel 21,432 384 — 21,816 Asia 27,178 10,876 5,376 43,430 Canada — 166 18,313 18,479 $ 120,754 $ 101,386 $ 47,672 $ 269,812 Year Ended December 31, 2019 Sensors Weighing Solutions Measurement Systems Total United States $ 47,220 $ 54,679 $ 12,416 $ 114,315 United Kingdom 2,779 26,026 402 29,207 Other Europe 31,927 26,437 1,635 59,999 Israel 12,401 415 — 12,816 Asia 27,500 11,654 5,663 44,817 Canada — 643 22,161 22,804 $ 121,827 $ 119,854 $ 42,277 $ 283,958 The following table disaggregates net revenue by market sector (in thousands) : Years Ended December 31, 2021 2020 2019 Test & Measurement $ 64,124 $ 53,633 $ 64,982 Avionics, Military & Space 27,303 32,607 23,653 Transportation 49,562 29,483 36,914 Other Markets 71,577 58,256 50,169 Industrial Weighing 50,626 43,441 54,678 General Industrial 16,771 15,351 20,466 Steel 37,956 37,041 33,096 $ 317,919 $ 269,812 $ 283,958 Contract Assets & Liabilities Contract assets are established when revenues are recognized prior to a contractual payment due from the customer. When a payment becomes due based on the contract terms, the Company will reduce the contract asset and record a receivable. Contract liabilities are deferred revenues that are recorded when cash payments are received or due in advance of our performance obligations. Our payment terms vary by the type and location of the products offered. The term between invoicing and when payment is due is not significant. The outstanding contract assets and liability accounts were as follows (in thousands) : Contract Asset Contract Liability Unbilled Revenue Accrued Customer Advances December 31, 2020 $ 3,605 $ 2,873 December 31, 2021 $ 3,570 $ 4,765 Increase ( decrease) $ (35) $ 1,892 The amount of revenue recognized during the year ended December 31, 2021 that was included in the contract liability balance at December 31, 2020 was $2.7 million. Practical Expedients The Company does not disclose the value of unsatisfied performance obligations for contracts that have a duration of one year or less and for contracts that are substantially complete. The Company treats shipping and handling activities as fulfillment costs.

Acquisition Activity

Acquisition Activity	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisition Activity	Acquisition Activity Diversified Technical Systems, Inc. On June 1, 2021, VPG completed the acquisition of California-based Diversified Technical Systems, Inc. (“DTS”), a manufacturer of data acquisition systems and sensors for product safety and testing, for a purchase price of $47.2 million. The Company used cash on hand and borrowings under its revolving credit facility to fund the purchase price under the purchase agreement. DTS reports into the Company's Measurement System segment. The following table summarizes the provisional fair values assigned to the assets and liabilities of DTS as of June 1, 2021 (in thousands): June 1, 2021 Working capital $ 12,587 Property and equipment 1,209 Deferred income tax liability (6,178) Intangible assets: Acquired technology 13,167 Customer relationships 8,135 Trade names 2,393 Total intangible assets 23,695 Fair value of acquired identifiable assets 31,313 Purchase price $ 47,216 Goodwill $ 15,903 (a) Working capital accounts include accounts receivable, inventory, prepaid expenses, accounts payable, accrued expenses, and accrued payroll. The Company utilizes certain valuations and studies to determine the fair value of the tangible and intangible assets acquired. These valuations and studies are currently being analyzed and have yet to be finalized. Accordingly, the assets and liabilities assumed are subject to adjustment once the detailed analysis is completed. The provisional estimated weighted average useful lives for the acquired technology and customer relationships are 15 years. Trade names are treated as indefinite-lived intangible assets. None of the goodwill associated with DTS will be deductible for income tax purposes. The Company recorded acquisition costs associated with this transaction as follows (in thousands ): Year Ended December 31, 2021 Legal fees $ 341 Appraisal fees 18 Investment banker fees and insurance costs 839 $ 1,198 Included in the results of the operations of the Company, starting on June 1, 2021, are net revenues of $19.2 million and net earnings of $1.2 million for the year ended December 31, 2021. DTS results include amortization of the inventory step-up of $2.7 million and amortization of intangible assets of $0.8 million for year ended December 31, 2021. Following are the supplemental consolidated financial results for the Company on an unaudited pro forma basis, as if the DTS acquisition had been consummated on January 1, 2020 (unaudited): Year ended December 31, Year ended December 31, 2021 2020 (unaudited) (unaudited) Pro forma net revenues $ 331,155 $ 301,577 Pro forma net earnings attributable to VPG stockholders $ 25,109 $ 14,289 Pro forma basic earnings per share attributable to VPG stockholders $ 1.84 $ 1.05 Pro forma diluted earnings per share attributable to VPG stockholders $ 1.84 $ 1.05 Dynamic Systems Inc. On November 1, 2019, VPG completed the acquisition of New York-based Dynamic Systems Inc. ("DSI"), a provider of specialized dynamic thermal-mechanical test and simulation systems used to develop new metal alloys and optimize production processes, for a purchase price of $40.3 million. DSI reports into the Company's Measurement Systems segment. The following table summarizes the final fair values assigned to the assets and liabilities of DSI as of November 1, 2019 (in thousands): November 1, 2019 Working capital (a) $ 6,740 Property and equipment 1,727 Long-term deferred income tax liability (2,643) Non-Controlling interest (299) Intangible assets: Patents and acquired technology 10,250 Customer relationships 4,344 Trade names 3,300 Total intangible assets 17,894 Fair value of acquired identifiable assets and liabilities 23,419 Purchase price 40,325 Goodwill $ 16,906 (a) Working capital accounts include accounts receivable, inventory, prepaid expenses, accounts payable, accrued expenses, and accrued payroll. The weighted average useful lives for the patents and acquired technology and customer relationships are 16 years and 15 years, respectively. Most of the goodwill associated with DSI is deductible for income tax purposes. The Company recorded acquisition costs of associated with this transaction in its consolidated statements of operation as follows (in thousands) : Year ended December 31, 2019 Accounting and legal fees $ 214 Appraisal fees 13 Other 216 $ 443

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets At the beginning of 2021, the Company had five reporting units to which goodwill was allocated: steel, on-board weighing, instrumentation, DSI, and DTS. For the steel and on-board weighing goodwill reporting units, the Company performed the qualitative assessment, which included assessment of macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, and other entity specific events which could impact the reporting unit. Based on this review, it was determined that the fair value of each of those reporting units was in excess of its carrying value and therefore no quantitative impairment test was required. During the second quarter of 2021, due to updated financial projections, the Company performed a quantitative impairment test on its instrumentation reporting unit's goodwill and indefinite-lived intangible trade name. The Company recognized a non-cash impairment loss of $1.1 million in goodwill and $0.1 million in indefinite-lived intangible trade name. The impairment was driven mainly by changes in forecasted projections including slower growth rate in revenues. The Company performed its annual impairment test on indefinite-lived trade names as of the first day of the fourth fiscal quarter of 2021. The impairment test indicated no additional impairment. After considering the impact of the second quarter impairment charges, the carrying amount of goodwill and indefinite-lived trade names as of December 31, 2021 was $0.0 million and $0.3 million, respectively. For the DSI goodwill reporting unit, the Company performed the quantitative impairment test. In estimating the fair value of our DSI reporting unit the Company used the income approach. The income approach to valuation requires management to make significant estimates and assumptions related to future revenues, profitability, working capital requirements and selection of discount rate and long term growth rate. Changes in these estimates and assumptions could have a significant impact on the fair value of the reporting units. The Company's required goodwill and indefinite-lived asset annual impairment test is completed as of the first day of the fourth fiscal quarter each year. In 2021, the results of the quantitative impairment test for the DSI reporting unit indicated no impairment, with the fair value exceeding the carrying value by approximately 12% for goodwill and 15% for the indefinite-lived trade name. The Company's analysis in 2020 resulted in the fair value exceeding the carrying value for the DSI reporting unit and a non-cash impairment loss of $2.4 million for the instrumentation reporting unit. In 2019, the Company did not recognize an impairment for the instrumentation reporting unit, as the fair value exceeded its carrying value by approximately 12%. The goodwill and indefinite-lived trade name allocated the DTS goodwill reporting unit is still provisional as of December 31, 2021 and therefore will be tested in the following year's annuals impairment test. The change in the carrying amount of goodwill by segment is as follows ( in thousands) : Total Measurement Systems KELK Acquisition DSI Acquisition Stress-Tek Acquisition Pacific Instruments Acquisition DTS Acquisition Balance at January 1, 2020 $ 35,018 $ 6,559 $ 18,606 $ 6,311 $ 3,542 $ — Adjustment to goodwill acquired (1,700) — (1,700) — — — Impairment charges (2,416) — — — (2,416) — Foreign currency translation adjustment 203 167 36 — — — Balance at December 31, 2020 31,105 6,726 16,942 6,311 1,126 — Goodwill acquired 15,903 — — — — 15,903 Impairment charges (1,126) — — — (1,126) — Foreign currency translation adjustment (52) (20) (32) — — — Balance at December 31, 2021 $ 45,830 $ 6,706 $ 16,910 $ 6,311 $ — $ 15,903 Intangible assets were as follows (in thousands) : December 31, 2021 2020 Intangible assets subject to amortization (Definite-lived): Patents and acquired technology $ 33,026 $ 19,804 Customer relationships 34,036 26,061 Trade names 1,665 1,747 Non-competition agreements 11,335 12,259 80,062 59,871 Accumulated amortization: Patents and acquired technology (7,430) (5,895) Customer relationships (14,918) (13,363) Trade names (1,665) (1,747) Non-competition agreements (11,329) (12,250) (35,342) (33,255) Net intangible assets subject to amortization $ 44,720 $ 26,616 Intangible assets not subject to amortization (Indefinite-lived): Trade names 7,717 5,423 $ 52,437 $ 32,039 Certain intangible assets are subject to foreign currency translation. In conjunction with the acquisition of DTS on June 1, 2021 (See Note 3), the Company allocated $8.1 million of the purchase price to customer relationships, $13.2 million to patents and acquired technology, and $2.4 million to indefinite-lived trade names. Amortization expense was $3.3 million, $2.4 million, and $1.7 million, for the years ended December 31, 2021, 2020, and 2019, respectively. Amortization expense in 2021 included $0.8 million related to the DTS acquisition. Estimated annual amortization expense for each of the next five years is as follows (in thousands) : 2022 $ 3,873 2023 3,767 2024 3,734 2025 3,733 2026 3,733

Restructuring Costs

Restructuring Costs	12 Months Ended
	Dec. 31, 2021
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 recorded restructuring costs of $0.1 million, $0.9 million, and $2.3 million during the years ended December 31, 2021, 2020, and 2019, respectively. In 2021 and 2020, restructuring costs were comprised primarily of employee termination costs, including severance and statutory retirement allowances, and were incurred in connection with various cost reduction programs. In 2019, restructuring costs included $1.2 million of employee termination costs, including severance and statutory retirement allowances incurred in connection with various cost reduction programs, and $1.1 million of other exit costs, including asset write downs and an impairment of a right of use asset associated with the closure and downsizing of facilities as part of the manufacturing transitions of the Company's force sensors products to facilities in India and China. The following table summarizes the activity to date related to these programs in the accrued restructuring liability, which is comprised of the activity associated primarily with the employee termination costs. The accrued restructuring liability balance as of December 31, 2021 and 2020, respectively, is included in other accrued expenses in the accompanying consolidated balance sheets (in thousands) : December 31, 2021 2020 Balance at beginning of year $ 63 $ 604 Restructuring charges 76 918 Cash payments (138) (1,458) Foreign currency translation (1) (1) Balance at end of year $ — $ 63

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For financial reporting purposes, income before taxes includes the following components (in thousands) : Years ended December 31, 2021 2020 2019 Domestic $ (5,956) $ (9,476) $ (7,405) Foreign 31,868 27,785 33,845 $ 25,912 $ 18,309 $ 26,440 The expense (benefit) for income taxes is comprised of (in thousands) : Years ended December 31, 2021 2020 2019 Current: Federal $ 245 $ 106 $ 453 State and local 38 (18) (130) Foreign 8,442 6,268 6,378 8,725 6,356 6,701 Deferred: Federal (2,992) 1,718 (2,638) State and local (588) (422) (123) Foreign 324 (143) 205 (3,256) 1,153 (2,556) Total income tax expense $ 5,469 $ 7,509 $ 4,145 A reconciliation of income tax expense (benefit) at the U.S. federal statutory income tax rate to the actual income tax provision is as follows (in thousands) : Years ended December 31, 2021 2020 2019 Tax at statutory rate $ 5,441 $ 3,845 $ 5,553 State income taxes, net of U.S. federal tax benefit (391) (176) (21) U.S. GILTI tax, net of foreign tax credits 77 — — Effect of foreign operations 2,096 729 (109) Change in valuation allowance (1,204) 2,448 (646) Change in unrecognized tax benefits, net 107 (32) 650 Impairment of goodwill 237 507 — Specialty tax credits (333) (249) (176) Statutory rate changes (282) (119) (249) Effect of foreign exchange (35) (346) (1,152) Loss of benefit of U.S. net operating loss — 1,064 967 Excess tax benefits related to share based compensation — (168) (357) Other (244) 6 (315) Total income tax expense $ 5,469 $ 7,509 $ 4,145 The 2017 Tax Act subjects a U.S. shareholder to tax on global intangible low-taxed income (“GILTI”) earned by certain foreign subsidiaries. The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income, states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in the future years or provide for tax expense related to GILTI in the year the tax is incurred. The Company has elected to recognize tax expense related to GILTI in the year the tax is incurred. The Company recognized approximately $11.9 million and $14.3 million of GILTI income for the years ended December 31, 2021 and 2020, respectively. The U.S. tax on the GILTI income, net of foreign tax credits, was $0.1 million for the year ended December 31, 2021 and was fully offset by foreign tax credits associated with GILTI and U.S. operating losses exclusive of GILTI for the year ended December 31, 2020. Any excess foreign tax credits associated with GILTI are lost and cannot be carried forward to future years. For the year ended December 31, 2020, the Company would have generated a net operating loss for U.S. federal income tax purposes but for the effects of the GILTI provision. Deferred income taxes represent the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands) : December 31, 2021 2020 Deferred tax assets: Pension and other postretirement costs $ 3,580 $ 4,296 Inventories 2,659 2,327 Net operating/capital loss and interest carryforwards 13,562 13,082 Tax credit carryforwards 3,026 1,994 Deferred compensation 3,267 2,930 Other accruals and reserves 4,425 3,420 Book over tax depreciation 93 Total gross deferred tax assets 30,519 28,142 Less: valuation allowance (16,486) (16,946) 14,033 11,196 Deferred tax liabilities: Tax over book depreciation (780) — Investment in subsidiary (1,958) (1,927) Intangible assets, including tax deductible goodwill (11,106) (5,657) Total gross deferred tax liabilities (13,844) (7,584) Net deferred tax assets $ 189 $ 3,612 In 2015, the Company established a valuation allowance with respect to substantially all of its U.S. deferred tax assets due to uncertainty regarding the realization of these assets. Throughout 2021 and 2020, the Company reassessed its ability to realize its U.S. and other deferred tax assets by considering both positive and negative evidence regarding realization. The most significant negative evidence is continuing cumulative operating losses in the U.S. The impact of the acquisitions of Stress-Tek, Pacific Instruments, DSI and DTS was also considered in determining the realization of the U.S. deferred tax assets. Other aspects, such as operating results, additional interest expense and additional tax deductions related to the Stress-Tek acquisition, were also considered. The Company also considered positive evidence such as tax planning strategies and the projected benefits of our restructuring efforts. However, there was insufficient positive evidence to overcome the negative evidence. In November 2019, the Company acquired DSI. DSI's opening balance sheet included $17 million of gross deferred tax liabilities, including $4.1 million of indefinite-lived liabilities. The acquisition contributed to a $2.5 million net reduction in valuation allowance and current tax benefit for the Company in 2019. In the fourth quarter of 2020, the Company completed the purchase accounting for the acquisition of DSI, which resulted in the recognition of additional deferred tax assets of $1.7 million and a corresponding increase in valuation allowance. In June 2021, the Company acquired DTS. DTS's opening balance sheet included $26.4 million of gross deferred tax liabilities, including $2.4 million of indefinite-lived liabilities. The acquisition contributed to a $1.6 million net reduction in valuation allowance and deferred tax benefit for the Company in 2021. The Company has one year from the date of acquisition to finalize the purchase accounting for DTS. Overall, the cumulative losses and the acquisition impacts still indicate that realization of our U.S. deferred tax assets remains uncertain such that the Company cannot conclude that it is "more likely than not" that the deferred tax assets will be recoverable. We will continue to monitor the realization of U.S. deferred tax assets and reduce the valuation allowance if, and when, sufficient positive evidence of realization exists. At December 31, 2021 and 2020, the valuation allowance on U.S. deferred tax assets was approximately $13.9 million and $14.9 million, respectively. The net change in valuation allowance was approximately $1.0 million. The change in valuation allowance related to state taxes was $0.6 million and $0.7 million expense for the years ended December 31, 2021 and 2020, respectively. The Company also has valuation allowances of $2.6 million and $2.0 million at December 31, 2021 and 2020, respectively, with respect to certain foreign net operating loss and capital loss carryforwards. Significant valuation allowances are as follows (in thousands) : December 31, Jurisdiction 2021 2020 U.S. federal $ 4,233 $ 5,816 U.S. state (net of U.S. federal tax benefit) 9,648 9,090 Israel - capital losses 1,537 1,390 The following table summarizes significant net operating losses and credit carryforwards as of December 31, 2021 (in thousands): December 31, Jurisdiction 2021 Expiring U.S. federal net operating losses $ 5,097 No expiration U.S. federal interest expense carryover 4,169 No expiration U.S. foreign tax credit 2,336 2024 - 2031 U.S. state net operating losses 110,725 2023 - 2041 Israel capital losses 6,681 No expiration Utilization of U.S. federal net operating losses is taken into account before the GILTI deduction allowable by IRC Section 250. Undistributed earnings of the Company’s foreign subsidiaries amounted to approximately $213.9 million at December 31, December 31, 2021 compared to $178.2 million at December 31, 2020. As a result of the 2017 Tax Act, in 2017 the Company had provided for a deferred tax liability of approximately $1.8 million of withholding tax associated with a planned cash distribution of approximately $25.5 million. As of December 31, 2021, other than the planned cash distribution of $14.1 million, substantially all of the remaining undistributed earnings are considered to be indefinitely reinvested and accordingly no provision has been made with respect to these earnings for incremental foreign income taxes, state income taxes or foreign withholding taxes. If those earnings were distributed to the U.S., the Company could be subject to incremental foreign income taxes, state income taxes, and withholding taxes. Determination of the amount of unrecognized deferred tax liability is not practicable because of the uncertainty regarding the timing of any such distribution and the impact on existing valuation allowances. In addition to the $1.5 million, additional withholding taxes of approximately $22.5 million are estimated to be payable upon remittance of the remaining previously unremitted earnings as of December 31, 2021. Net income taxes paid were $7.7 million, $4.3 million, and $11.1 million for the years ended December 31, 2021, 2020, and 2019, respectively. 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. The following table summarizes changes in the Company's gross liabilities, excluding interest and penalties, associated with unrecognized tax benefits (in thousands) : December 31, 2021 2020 2019 Balance at beginning of year $ 1,244 $ 1,355 $ 912 Addition based on tax positions related to current year 52 51 144 Addition based on tax positions related to prior years — — 668 Reduction based on tax positions related to prior years — (57) (32) Currency translation adjustments 41 92 3 Reduction for settled tax examinations — (73) — Reduction for payments made — (22) (134) Reduction for lapses of statute of limitations (55) (102) (206) Balance at end of year $ 1,282 $ 1,244 $ 1,355 The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. Related to the unrecognized tax benefits noted above, for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, the Company accrued total penalties and interest of $0.1 million, $0.0 million and $0.0 million, respectively. As of December 31, 2021, December 31, 2020 and December 31, 2019, accrued penalties and interest were $0.2 million, $0.1 million and $0.1 million, respectively. Included in the balance of unrecognized tax benefits as of December 31, 2021, 2020, and 2019 is $1.3 million, $1.2 million, and $1.4 million, respectively, of tax benefits that, if recognized, would impact the effective tax rate. The Company believes that it is reasonably possible that an increase in unrecognized tax benefits related to foreign exposures of between $0.1 million and $0.2 million may be necessary in 2022. As of December 31, 2021, the Company anticipates that it is reasonably possible that it will reverse $0.3 million of its current unrecognized tax benefits within the next calendar year due to the expiration of the statute of limitations in certain jurisdictions. None of the unrecognized tax benefits the Company expects to reverse in 2022 due to statute lapses are covered by the Tax Matters Agreement. The Company and its subsidiaries file U.S. federal income tax returns, as well as income tax returns in various state, local, and foreign jurisdictions. The Company files federal, state, and local income tax returns on a combined, unitary, or stand-alone basis. The statute of limitations in those jurisdictions generally ranges from 3 to 4 years. Additionally, the Company's foreign subsidiaries file income tax returns in the countries in which they have operations and the statutes of limitations in those jurisdictions generally range from 3 to 10 years. During the fourth quarters of 2020 and 2021, the Company concluded tax examinations in Israel for one of its subsidiaries covering 2015 and 2016, respectively. The conclusions of the audits resulted in no significant changes in tax and a releases of less than $0.1 million of reserves for uncertain tax positions for each of those years, including accrued interest. During the second and third quarters of 2019, the Company concluded tax examinations in Taiwan and Belgium, respectively, for two of its subsidiaries, covering the years 2016 and 2017. The conclusion of the tax examinations resulted in no significant change in tax. The Company is subject to ongoing income tax audits, administrative appeals and judicial proceedings in India spanning a number of years.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands) : December 31, 2021 2020 2020 Credit Agreement - Revolving Facility $ 61,000 $ 41,000 Other debt — 18 Deferred financing costs (286) (374) 60,714 40,644 Less: current portion — 18 $ 60,714 $ 40,626 2020 Credit Agreement On March 20, 2020, the Company entered into a Third Amended and Restated Credit Agreement (the “2020 Credit Agreement”) among the Company, the lenders named therein, Citizens Bank, National Association and Wells Fargo Bank, National Association as joint lead arrangers and JPMorgan Chase Bank, National Association as agent for such lenders (the “Agent”), pursuant to which the terms of the Company’s multi-currency, secured credit facility were revised to provide a secured revolving facility (the “2020 Revolving Facility”) in an aggregate principal amount of $75.0 million, with a sublimit of $10.0 million which can be used for letters of credit for the account of the Company or its subsidiaries that are parties to the Credit Agreement. The proceeds of the 2020 Revolving Facility may be used on an ongoing basis for working capital and general corporate purposes. The aggregate principal amount of the 2020 Revolving Facility may be increased by a maximum of $25.0 million upon the request of the Company, subject to the terms of the 2020 Credit Agreement. The 2020 Credit Agreement terminates on March 20, 2025. Interest payable on amounts borrowed under the 2020 Revolving Facility is based upon, at the Company’s option, (1) the greatest of: the Agent’s prime rate, the Federal Funds rate, or a LIBOR floor (the “Base Rate”), or (2) LIBOR or CDOR plus a specified margin. An interest margin of 0.25% is added to Base Rate loans. Depending upon the Company’s leverage ratio, an interest rate margin ranging from 1.50% to 2.75% per annum is added to the applicable LIBOR or CDOR rate to determine the interest payable on the LIBOR or CDOR loans. The Company is required to pay a quarterly fee of 0.25% per annum to 0.40% per annum on the unused portion of the 2020 Revolving Facility, which is determined based on the Company’s leverage ratio each quarter. Additional customary fees apply with respect to letters of credit. The obligations of the Company under the 2020 Credit Agreement are secured by pledges of stock in certain domestic and foreign subsidiaries, as well as guarantees by substantially all of the Company’s domestic subsidiaries. The obligations of the Company and the guarantors under the 2020 Credit Agreement are secured by substantially all the assets (excluding real estate) of the Company and such guarantors. The 2020 Credit Agreement restricts the Company from paying cash dividends and requires the Company to comply with other customary covenants, representations, and warranties, including the maintenance of specific financial ratios. The financial maintenance covenants include an interest coverage ratio and a leverage ratio. The Company was in compliance with its financial maintenance covenants at December 31, 2021. If the Company is not in compliance with any of these covenant restrictions, the credit facility could be terminated by the lenders, and all amounts outstanding pursuant to the credit facility could become immediately payable. Other Lines of Credit In addition to the 2020 Revolving Facility discussed above, certain subsidiaries of the Company had committed short-term lines of credit with a foreign bank aggregating approximately $3.0 million and $3.0 million at December 31, 2021 and 2020, respectively. The Company had outstanding letters of credit under these short-term lines of credit of $2.0 million and $0.4 million at December 31, 2021 and 2020, respectively. Other Debt Other debt consisted of zero interest rate debt held by VPG’s Japanese subsidiary, which was fully paid off in 2021. Aggregate annual maturities of long-term debt are as follows (in thousands) : 2022 $ — 2023 — 2024 — 2025 61,000 2026 — Thereafter — Interest paid on third-party debt was $1.2 million, $1.3 million, and $1.4 million during the years ended December 31, 2021, 2020, and 2019, respectively.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity The Company’s Class B convertible common stock carries ten votes per share. The common stock carries one vote per share. Class B shares are transferable only to certain permitted transferees while the common stock is freely transferable. Class B shares are convertible on a one-for-one basis at any time into shares of common stock. Transfers of Class B shares other than to permitted transferees result in the automatic conversion of the Class B shares into common stock. The Board of Directors may only declare dividends or other distributions with respect to the common stock or the Class B convertible common stock if it grants such dividends or distributions in the same amount per share with respect to the other class of stock. As discussed in Note 7, the Company is restricted from paying cash dividends. Stock dividends or distributions, on any class of stock, are payable only in shares of stock of that class. Shares of either common stock or Class B convertible common stock cannot be split, divided, or combined unless the other is also split, divided, or combined equally. The Board of Directors is authorized, without further stockholder approval, to issue from time to time up to an aggregate of 1,000,000 shares of preferred stock in one or more series. The Board of Directors may fix or alter the designation, preferences, rights and any qualification, limitations, restrictions of the shares of any series, including the dividend rights, dividend rates, conversion rights, voting rights, redemption terms and prices, liquidation preferences and the number of shares constituting any series. No shares of the Company’s preferred stock are currently outstanding. Other Comprehensive Income (Loss) The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows (in thousands) : Beginning Before-Tax Tax Net-of-Tax Ending December 31, 2019 Pension and other postretirement actuarial items $ (6,146) $ (1,310) $ 194 $ (1,116) $ (7,262) Reclassification adjustment for recognition of actuarial items 359 (39) 320 320 Foreign currency translation adjustment (31,319) (290) 21 (269) (31,588) Reclassification adjustment for foreign currency translation 827 827 827 $ (37,465) $ (414) $ 176 $ (238) $ (37,703) December 31, 2020 Pension and other postretirement actuarial items $ (6,942) $ (920) $ 319 $ (601) $ (7,543) Reclassification adjustment for recognition of actuarial items 537 (73) 464 464 Foreign currency translation adjustment (30,761) 5,070 99 5,169 (25,592) $ (37,703) $ 4,687 $ 345 $ 5,032 $ (32,671) December 31, 2021 Pension and other postretirement actuarial items $ (7,079) $ 2,332 $ (376) $ 1,956 $ (5,123) Reclassification adjustment for recognition of actuarial items 498 (107) 391 391 Foreign currency translation adjustment (25,592) (4,606) (78) (4,684) (30,276) $ (32,671) $ (1,776) $ (561) $ (2,337) $ (35,008) In 2019, Reclassification of foreign currency translation adjustment for gain on liquidation of a subsidiary is included in other income (expense) other (See Note 15). 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 9).

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Pensions and Other Postretirement Benefits	Pensions and Other Postretirement Benefits Defined Benefit Plans Employees of the Company participate in various defined benefit pension and other postretirement benefit plans. U.S. Pension Plan The Vishay Precision Group Non-Qualified Retirement Plan, like all nonqualified plans, is considered to be unfunded. The Company maintains a nonqualified trust, referred to as a “rabbi” trust, to fund benefits under this plan. Rabbi trust assets are subject to creditor claims under certain conditions and are not the property of employees. Therefore, they are accounted for as other noncurrent assets within the consolidated balance sheets. The assets held in the rabbi trust are invested in money market funds and company-owned life insurance policies. The consolidated balance sheets include assets held in trust related to the nonqualified pension plan of $1.9 million at December 31, 2021 and $1.9 million at December 31, 2020, and the related liabilities of $2.6 million and $2.7 million at December 31, 2021 and 2020, respectively. The Vishay Precision Group Non-Qualified Retirement Plan is frozen. Accordingly, no new employees may participate in the plan, no further participant contributions are permitted, and no further benefits accrue. Benefits accumulated prior to the freezing of the U.S. pension plan will be paid to employees upon retirement, and the Company will likely need to make additional cash contributions to the rabbi trust to fund this accumulated benefit obligation. Non-U.S. Pension Plans The Company provides pension and similar benefits to employees of certain non-U.S. subsidiaries consistent with local practices. Pension benefits earned are generally based on years of service and compensation during active employment. The following table sets forth a reconciliation of the benefit obligation, plan assets, and funded status related to pension plans (in thousands) : December 31, 2021 December 31, 2020 U.S. Non-U.S. U.S. Non-U.S. Change in benefit obligation: Benefit obligation at beginning of year $ 2,747 $ 28,088 $ 2,414 $ 24,857 Service cost (adjusted for actual employee contributions) — 379 — 402 Interest cost 57 353 70 442 Actuarial (gains) losses (103) (792) 338 1,863 Benefits paid (75) (851) (75) (659) Curtailments and settlements — (108) — (95) Plan amendments and other — (172) — — Currency translation — (740) — 1,278 Benefit obligation at end of year $ 2,626 $ 26,157 $ 2,747 $ 28,088 Change in plan assets: Fair value of plan assets at beginning of year $ — $ 18,157 $ — $ 16,420 Actual return on plan assets — 1,044 — 734 Company contributions 75 1,613 75 919 Benefits paid (75) (851) (75) (659) Currency translation — (246) — 743 Fair value of plan assets at end of year $ — $ 19,717 $ — $ 18,157 Funded status at end of year $ (2,626) $ (6,440) $ (2,747) $ (9,931) Actuarial gains incurred in 2021 related to our U.S. and non-U.S. plans are primarily the result of an increase in the discount rate assumptions used to estimate the benefit obligations as of December 31, 2021 compared to December 31, 2020. Actuarial losses incurred in 2020 related to our U.S. and non-U.S. plans are primarily the result of a decrease in the discount rate assumptions used to estimate the benefit obligations as of December 31, 2020 compared to December 31, 2019. Amounts recognized in the consolidated balance sheets consist of the following pre-tax amounts (in thousands) : December 31, 2021 December 31, 2020 U.S. Non-U.S. U.S. Non-U.S. Other accrued expenses $ (107) $ (375) $ (105) $ (240) Accrued pension and other postretirement costs $ (2,519) $ (6,065) $ (2,642) $ (9,691) Accumulated other comprehensive loss $ 693 $ 6,764 $ 823 $ 9,068 $ (1,933) $ 324 $ (1,924) $ (863) Unrecognized actuarial gains and losses arise from several factors, including experience and assumption changes with respect to the obligations and from the difference between expected returns and actual returns on plan assets. Actuarial items consist of the following (in thousands) : December 31, 2021 December 31, 2020 U.S. Non-U.S. U.S. Non-U.S. Unrecognized net actuarial loss $ 693 $ 6,709 $ 823 $ 9,008 Unrecognized prior service cost — 55 — 60 $ 693 $ 6,764 $ 823 $ 9,068 The following table sets forth additional information regarding the projected and accumulated benefit obligations for the pension plans (in thousands) : December 31, 2021 U.S. Non-U.S. Accumulated benefit obligation, all plans $ 2,626 $ 23,796 Plans for which the accumulated benefit obligation exceeds plan assets: Projected benefit obligation $ 2,626 $ 23,451 Accumulated benefit obligation $ 2,626 $ 22,634 Fair value of plan assets — $ 17,778 December 31, 2020 U.S. Non-U.S. Accumulated benefit obligation, all plans $ 2,747 $ 25,148 Plans for which the accumulated benefit obligation exceeds plan assets: Projected benefit obligation $ 2,747 $ 25,107 Accumulated benefit obligation $ 2,747 $ 24,099 Fair value of plan assets — $ 16,259 Unrecognized gains and losses are amortized into future net periodic pension cost using the 10% corridor method over the expected remaining service life of the employee group. The following table sets forth the components of net periodic cost of pension (in thousands) : Years ended December 31, 2021 2020 2019 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Annual service cost $ — $ 379 $ — $ 402 $ — $ 336 Less: employee contributions — — — — — — Net service cost — 379 — 402 — 336 Interest cost 57 353 70 442 85 535 Expected return on plan assets — (393) — (442) — (517) Amortization of actuarial losses 27 459 109 286 38 164 Amortization of transition obligation — (8) — 5 — 1 Curtailment and settlement losses — (108) — — — — Net periodic benefit cost $ 84 $ 682 $ 179 $ 693 $ 123 $ 519 See Note 8 for the pre-tax, tax effect, and after tax amounts included in other comprehensive income during the years ended December 31, 2021, 2020, and 2019. The following weighted-average assumptions were used to determine benefit obligations at December 31 of the respective years: 2021 2020 U.S. Non-U.S. U.S. Non-U.S. Discount rate 2.53 % 1.66 % 2.11 % 1.29 % Rate of compensation increase N/A 2.97 % N/A 2.77% Expected return on plan assets N/A 2.10 % N/A 2.66 % The following weighted-average assumptions were used to determine the net periodic pension costs for the years ended December 31, 2021 and 2020: 2021 2020 U.S. Non-U.S. U.S. Non-U.S. Discount rate 2.11 % 1.29 % 2.97 % 1.86 % Rate of compensation increase N/A 2.77% N/A 1.20 % Expected return on plan assets N/A 2.66 % N/A 3.56 % The plans’ expected return on assets is based on management’s expectation of long-term average rates of return to be achieved by the underlying investment portfolios. In establishing this assumption, management considers historical and expected returns for the asset classes in which the plans are invested, advice from pension consultants and investment advisors, and current economic and capital market conditions. The investment mix between equity securities and fixed income securities is based upon achieving a desired return, balancing higher return, more volatile equity securities, and lower return, less volatile fixed income securities. The target allocation of plan assets approximates the actual allocation of plan assets at December 31, 2021 and 2020. Plan assets are comprised of: December 31, 2021 December 31, 2020 U.S. Non-U.S. U.S. Non-U.S. Equity securities — 47 % — 48 % Fixed income securities — 39 % — 39 % Cash and cash equivalents — 14 % — 13 % Total — 100 % — 100 % The Company maintains defined benefit retirement plans in certain of its subsidiaries. The assets of the plans are measured at fair value. Equity securities held by the defined benefit retirement plans consist of equity securities that are valued based on quoted market prices on the last business day of the year. The fair value measurement of the equity securities is considered a Level 2 measurement within the fair value hierarchy. Fixed income securities held by the defined benefit retirement plans consist of government bonds and corporate notes that are valued based on quoted market prices on the last business day of the year. The fair value measurement of the fixed income securities is considered a Level 2 measurement within the fair value hierarchy. Cash held by the defined benefit retirement plans consists of deposits on account in various financial institutions. The carrying amount of the cash approximates its fair value. A summary of the Company’s pension plan assets for each fair value hierarchy level are as follows for the periods presented (see Note 16 for further description of the levels within the fair value hierarchy (in thousands)) : As of December 31, 2021 Fair value measurements at reporting date using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs Defined benefit pension plan assets Equity securities $ 9,262 $ — $ 9,262 $ — Fixed income securities 7,646 — 7,646 — Cash and cash equivalents 2,809 1,577 1,232 — $ 19,717 $ 1,577 $ 18,140 $ — As of December 31, 2020 Fair value measurements at reporting date using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs Defined benefit pension plan assets Equity securities $ 8,779 $ — $ 8,779 $ — Fixed income securities 7,700 — 7,700 — Cash and cash equivalents 1,678 1,678 — — $ 18,157 $ 1,678 $ 16,479 $ — Estimated future benefit payments are as follows (in thousands) : US Pension Non-US 2022 $ 107 $ 763 2023 138 1,129 2024 137 844 2025 137 1,216 2026 138 670 2025 - 2028 794 5,455 The Company anticipates making contributions to its funded and unfunded pension of approximately $1.3 million during 2022. Other Postretirement Benefit Plans In the U.S., the Company maintains two unfunded non-pension other postretirement benefit plans (“OPEB”) which are funded as costs are incurred. These plans provide medical and death benefits to retirees. The following table sets forth a reconciliation of the benefit obligation, plan assets, and funded status related to other postretirement benefit plans (in thousands) : OPEB Plans December 31, 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 3,577 $ 4,633 Service cost (adjusted for actual employee contributions) 36 123 Interest cost 68 133 Contributions by participants — 25 Actuarial gains (591) (1,498) Benefits paid (205) (249) Plan amendments and other — 410 Benefit obligation at end of year $ 2,885 $ 3,577 Change in plan assets: Fair value of plan assets at beginning of year $ — $ — Company contributions 205 224 Contributions by participants — 25 Benefits paid (205) (249) Fair value of plan assets at end of year $ — $ — Funded status at end of year $ (2,885) $ (3,577) Actuarial gains incurred in 2021 related to our post-retirement plans are primarily the result of an increase in the discount rate assumptions used to estimate the benefit obligations as of December 31, 2021 compared to December 31, 2020. Actuarial gains incurred in 2020 related to our post-retirement plans are primarily the result of a prior year adjustment of $763, changes in medical claims and age variance assumptions, net of a decrease in the discount rate assumptions used to estimate the benefit obligations as of December 31, 2020 compared to December 31, 2019. Amounts recognized in the consolidated balance sheets consist of the following pre-tax amounts (in thousands) : OPEB Plans December 31, 2021 2020 Other accrued expenses $ (227) $ (266) Accrued pension and other postretirement costs $ (2,658) $ (3,311) Accumulated other comprehensive (gain)/loss $ (28) $ 583 $ (2,913) $ (2,994) Actuarial items consist of the following (in thousands) : OPEB Plans December 31, 2021 2020 Unrecognized net actuarial (gain)/loss $ (28) $ 583 $ (28) $ 583 Unrecognized gains and losses are amortized into future net periodic benefit cost using the 10% corridor method over the expected remaining service life of the employee group. The following table sets forth the components of net periodic benefit costs (in thousands) : OPEB Plans Years ended December 31, 2021 2020 2019 OPEB OPEB OPEB Net service cost 36 123 126 Interest cost 68 133 180 Amortization of actuarial losses 20 137 156 Net periodic benefit cost $ 124 $ 393 $ 462 See Note 8 for the pre-tax, tax effect, and after tax amounts included in other comprehensive income during the years ended December 31, 2021, 2020, and 2019. The following weighted-average assumptions were used to determine benefit obligations at December 31 of the respective years: OPEB Plans December 31, 2021 2020 Discount rate 2.46 % 1.99 % The following weighted-average assumptions were used to determine the net periodic benefit costs for the years ended December 31, 2021 and 2020: OPEB Plans December 31, 2021 2020 Discount rate 1.99 % 2.97 % Health care trend rate 6.00 % 5.40 % The health care trend ultimate rate is 3.94% per the terms of the plan. The impact of a one-percentage-point change in assumed health care cost trend rates on the net periodic benefit cost and postretirement benefit obligation is not material. Estimated future benefit payments are as follows (in thousands) : OPEB 2022 $ 227 2023 $ 165 2024 $ 198 2025 $ 176 2026 $ 178 2025 - 2028 $ 898 As the plans are unfunded, the Company's anticipated contributions for 2021 are equal to the estimated benefit payment. Other Retirement Obligations The Company participates in various other defined contribution plans based on local law or custom. The Company periodically makes contributions to these plans. At December 31, 2021 and 2020, the consolidated balance sheets include $1.0 million and $1.0 million, respectively, within accrued pension and other postretirement costs related to these plans. Most of the Company’s U.S. employees are eligible to participate in 401(k) savings plans which provide company matching under various formulas. The Company’s matching expense for the plans was $1.0 million, $0.8 million, and $0.7 million for the years ended December 31, 2021, 2020, and 2019, respectively. No material amounts are included in the consolidated balance sheets related to unfunded 401(k) contributions. Certain key employees participate in a nonqualified deferred compensation plan, which allows these employees to defer a portion of their compensation until retirement, or elect shorter deferral periods. The accompanying consolidated balance sheets include a liability within other noncurrent liabilities related to these deferrals. The Company maintains a nonqualified trust, referred to as a “rabbi” trust, to fund payments under this plan. Rabbi trust assets are subject to creditor claims under certain conditions and are not the property of employees. Therefore, they are accounted for as other noncurrent assets within the consolidated balance sheets. The assets held in the rabbi trust are invested in money market funds and company-owned life insurance policies. The consolidated balance sheets include assets held in trust related to the nonqualified deferred compensation plan of $4.2 million at December 31, 2021 and $3.7 million at December 31, 2020, and the related liabilities of $6.0 million and $5.4 million at December 31, 2021 and 2020, respectively.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation The Amended and Restated Vishay Precision Group, Inc. Stock Incentive Plan (as amended and restated, the “Plan”) permits the issuance of up to 1,000,000 shares of common stock. At December 31, 2021, the Company had reserved 328,418 shares of common stock for future grant of equity awards (restricted stock, unrestricted stock, restricted stock units (“RSUs”), or stock options). If any outstanding awards are forfeited by the holder, the underlying shares would be available for future grants under the Plan. Restricted Stock Units Pursuant to the Plan, the Company issued RSUs to board members, executive officers, and certain employees of the Company during 2021. 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. Compensation cost is recognized over the period that the participant provides service in exchange for the award. The Company recognizes compensation cost for RSUs that are expected to vest and for which performance criteria are expected to be met. On March 4, 2021, and in accordance with their respective employment agreements, VPG’s three current executive officers were granted annual equity awards in the form of RSUs, of which 50% are performance-based. The awards have an aggregate target grant-date fair value of $1.7 million were comprised of 52,486 RSUs. Fifty percent of these awards will vest on January 1, 2024, subject to the executives' continued employment. The performance-based portion of the RSUs will also vest on January 1, 2024, subject to the executives' continued employment and the satisfaction of certain performance objectives relating to three On March 8, 2021, certain VPG employees were granted annual equity awards in the form of RSUs, of which 75% are performance-based and certain employees received awards of which 50% are performance based. The awards have an aggregate target grant-date fair value of $0.6 million and were comprised of 17,793 RSUs. The non-performance portion of these awards (twenty-five percent for certain employees and fifty percent for certain employees) will vest on January 1, 2024, subject to the employees' continued employment. The performance-based portion of the RSUs will also vest on January 1, 2024, 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 27, 2021, the Compensation Committee of the Board of Directors approved the issuance of an aggregate of 9,936 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 the 2022 Annual Stockholders meeting or May 27, 2022, subject to the directors' continued service on the Board of Directors. Vesting of equity awards may be subject to acceleration under certain circumstances. RSU activity is presented below (number of RSUs in thousands) : Years ended December 31, 2021 2020 2019 Number Weighted Number Weighted Number Weighted Outstanding: Beginning of year 205 $ 28.23 212 $ 25.97 265 $ 17.64 Granted 80 33.13 79 24.16 73 35.27 Vested (77) 25.87 (81) 19.02 (75) 15.27 Forfeited (10) 29.43 (5) 15.75 (51) 11.49 End of year 198 $ 31.07 205 $ 28.23 212 $ 25.97 The fair value of the RSUs vested during 2021 is $2.5 million. Included in the 2021, 2020 and 2019 activity are RSU's forfeited as a result of performance objectives not being met. These awards are therefore available for future grants under the Plan. RSUs with performance-based vesting criteria are expected to vest as follows (number of RSUs in thousands) : Vesting Date Expected to Vest Not Expected to Vest Total January 1, 2022 16 30 46 January 1, 2023 22 22 44 January 1, 2024 36 — 36 Share-Based Compensation Expense The following table summarizes pre-tax share-based compensation expense recognized (in thousands) : Years ended December 31, 2021 2020 2019 Restricted stock units $ 2,244 $ 1,387 $ 1,336 Share-based compensation expense is recognized ratably over the vesting period of the awards and for RSUs with performance criteria, is recognized for RSU's that are expected to vest and for which performance criteria are expected to be met. During the fourth quarter of 2021, a net adjustment of $0.5 million increasing share-based compensation expense was recorded, based on the evaluation of performance objectives associated with awards granted in 2019. It was determined that certain objectives, which were deemed not likely to be met in previous years, were met. During the fourth quarter of 2020, a net adjustment decreasing share-based compensation expense by $0.1 million was recorded, based on the evaluation of performance objectives associated with awards granted in 2018, 2019 and 2020. It was determined that certain objectives were not likely to be fully met, necessitating a reversal of certain compensation expense associated with those awards. This was partially offset by additional share based compensation expense being recorded for certain objectives being fully met, which had been reversed in the prior year. During 2019, it was determined that certain performance objectives associated with awards granted in 2017, 2018 and 2019 were not likely to be fully met, necessitating a reversal of certain compensation expense associated with those awards. As a net result, adjustments decreasing share based compensation expense totaling $0.8 million were recorded during the year based on anticipated performance levels. The deferred tax benefit on share-based compensation expense was $0.4 million , $0.0 million, and $0.1 million for the years ended December 31, 2021, 2020, and 2019, respectively. As of December 31, 2021, the Company had $1.9 million of unrecognized share-based compensation expense related to share-based awards that will be recognized over a weighted-average period of approximately 1.5 years.

Commitments, Contingencies, and

Commitments, Contingencies, and Concentrations	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments Contingencies and Concentrations	Commitments, Contingencies, and Concentrations Litigation The Company is subject to various legal proceedings that constitute ordinary, routine litigation incidental to its business. The Company is of the opinion that the disposition of these proceedings will not have a material adverse effect on its business or its financial condition, results of operations, and cash flows. Executive Employment Agreements The Company has employment agreements with its executive officers which outline base salary, incentive compensation, and equity-based compensation. The employment agreements with the Company's executive officers also provide for incremental compensation in the event of termination without cause or resignation for good reason. Sources of Supplies Although most materials incorporated in the Company’s products are available from a number of sources, certain materials are available only from a relatively limited number of suppliers. Some of the most highly specialized materials for the Company’s sensors are sourced from a single vendor. The Company maintains a safety stock inventory of certain critical materials at its facilities. Certain metals used in the manufacture of the Company’s products are traded on active markets, and can be subject to significant price volatility. Market Concentrations No single customer comprises greater than 10% of net revenues. The vast majority of the Company’s products are used in the broad industrial market, with selected uses in military and aerospace, medical, agriculture, and construction. Within the broad industrial segment, the Company’s products serve wide applications in the waste management, bulk hauling, logging, scale manufacturing, engineering systems, pharmaceutical, oil, chemical, steel, paper, and food industries. Credit Risk Concentrations Financial instruments with potential credit risk consist principally of cash and cash equivalents, accounts receivable, and notes receivable. The Company maintains cash and cash equivalents with various major financial institutions. Concentrations of credit risk with respect to receivables are generally limited due to the Company’s large number of customers and their dispersion across many countries and industries. At December 31, 2021 and 2020, the Company had no significant concentrations of credit risk. Geographic Concentrations At December 31, 2021 and 2020, a significant percentage of the Company’s cash and cash equivalents are held outside the United States. See the following table for the percentage of cash and cash equivalents by region at December 31, 2021 and December 31, 2020: December 31, 2021 2020 Asia 24 % 18 % United States 13 % 10 % Israel 25 % 26 % Europe 18 % 16 % United Kingdom 12 % 18 % Canada 8 % 12 % Total 100 % 100 %

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Leases The Company primarily leases office and manufacturing facilities in addition to vehicles, which have remaining terms of less than one year to fifteen years. Leases recorded on the balance sheet consist of the following (in thousands) : Leases December 31, 2021 December 31, 2020 Assets Operating lease right of use asset $ 27,764 $ 21,788 Liabilities Operating lease - current $ 4,610 $ 4,011 Operating lease - non-current $ 25,140 $ 19,504 Other information related to lease term and discount rate is as follows: December 31, 2021 Operating leases weighted average remaining lease term (in years) 8.5 years Operating leases weighted average discount rate 3.11 % The components of lease expense are as follows (in thousands) : Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Operating lease cost $ 5,185 $ 4,389 $ 3,376 Variable lease cost — — 44 Short-term lease cost 141 124 87 Sublease income $ (220) $ — $ — Total net lease cost $ 5,106 $ 4,513 $ 3,507 Right of use assets obtained in exchange for new operating lease liability during 2021 were $10.7 million and in 2020 were $16.3 million. The Company paid $5.1 million for its operating leases for the year ended December 31, 2021 and $4.0 million for the year ended December 31, 2020, which are included in operating cash flows on the consolidated statements of cash flows. Undiscounted maturities of operating lease payments as of December 31, 2021 are summarized as follows (in thousands) : 2022 $ 5,133 2023 4,661 2024 3,997 2025 3,443 2026 3,116 Thereafter 13,464 Total future minimum lease payments $ 33,814 Less: amount representing interest (4,064) Present value of future minimum lease payments $ 29,750

Segment and Geographic Data

Segment and Geographic Data	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment and Geographic Data	Segment and Geographic Data VPG reports in three reportable segments: Sensors segment, Weighing Solutions segment, and Measurement Systems segment. The Sensors reporting segment is comprised of the foil resistor and strain gage operating segments. The Weighing Solutions segment is comprised of specialized modules and systems used to precisely measure weight, force torque, and pressure. The Measurement Systems reporting segment is comprised of highly specialized systems for steel production, materials development, and safety testing. The chief operating decision maker ("CODM") is our chief executive officer. Starting from the fourth quarter of 2021, the CODM evaluates the operating segments performance based on the new segments structure. The evaluation of the segments performance is based on multiple performance measures including gross profits, revenues, and operating income, exclusive of certain items. Management believes that evaluating segment performance, excluding items such as restructuring and severance costs, impairment of goodwill and indefinite-lived intangible assets, acquisition costs, and other items is meaningful because they relate to occurrences or events that are outside of our core operations, and management believes that the use of these measures provides a consistent basis to evaluate our operating profitability and performance trends across comparable periods. The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 1). Reporting segment assets are the owned or allocated assets used by each segment. Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. The following table sets forth reporting segment information (in thousands) : Sensors Weighing Solutions Measurement Systems Corporate/ Total 2021 Net third-party revenues $ 127,861 $ 125,390 $ 64,668 $ 317,919 Intersegment revenues 3,487 — — (3,487) — Gross profit 45,474 45,900 33,768 125,142 Segment operating income (loss) 26,527 23,184 13,480 (35,819) 27,372 Acquisition costs — — 1,198 — 1,198 Impairment of goodwill and indefinite-lived intangibles — — 1,223 — 1,223 Restructuring costs — 76 — — 76 Depreciation and amortization expense 5,967 3,415 3,834 1,780 14,996 Capital expenditures 13,213 3,434 913 7 17,567 Total assets 142,510 152,399 159,816 7,164 461,889 2020 Net third-party revenues $ 120,754 $ 101,386 $ 47,672 $ — $ 269,812 Intersegment revenues 3,183 — — (3,183) — Gross profit 47,530 32,250 24,491 — 104,271 Segment operating income (loss) 29,486 12,145 11,763 (30,737) 22,657 Impairment of goodwill and indefinite-lived intangibles — — 2,440 — 2,440 Restructuring costs 551 234 51 82 918 Depreciation and amortization expense 5,227 3,291 2,653 1,336 12,507 Capital expenditures 21,885 1,961 468 13 24,327 Total assets 138,932 160,679 78,810 23,466 401,887 2019 Net third-party revenues $ 121,827 $ 119,854 $ 42,277 $ — $ 283,958 Intersegment revenues 4,067 26 — (4,093) — Gross profit 49,166 40,664 21,787 — 111,617 Segment operating income (loss) 30,262 19,121 10,191 (30,926) 28,648 Acquisition costs — — 443 — 443 Executive severance costs — — — 611 611 Restructuring costs 79 2,041 7 166 2,293 Depreciation and amortization expense 5,228 3,475 1,809 1,283 11,795 Capital expenditures 6,688 2,729 1,074 38 10,529 Total assets 96,316 168,953 86,133 19,011 370,413 The “Corporate/Other” column for segment operating income (loss) includes unallocated selling, general, and administrative expenses and certain items which management excludes from segment results when evaluating segment performance, as follows (in thousands) : Years ended December 31, 2021 2020 2019 Unallocated selling, general, and administrative expenses $ (33,322) $ (27,379) $ (27,579) Acquisition costs (1,198) — (443) Impairment of goodwill and indefinite-lived intangibles (1,223) (2,440) — Executive severance costs — — (611) Restructuring costs (76) (918) (2,293) $ (35,819) $ (30,737) $ (30,926) The following geographic data includes property and equipment based on physical location (in thousands) : December 31, Property and Equipment - Net 2021 2020 United States $ 12,255 $ 11,036 United Kingdom 4,024 4,153 Other Europe 1,774 1,813 Israel 41,540 38,339 Asia 20,057 17,953 Canada and Other 1,570 1,722 $ 81,220 $ 75,016

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share are computed using the weighted average number of common shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares outstanding, adjusted to include the potentially dilutive effect of stock options and restricted stock units (see Note 10), and other potentially dilutive securities. The following table sets forth the computation of basic and diluted earnings per share attributable to VPG stockholders (in thousands, except earnings per share) : Years ended December 31, 2021 2020 2019 Numerator: Numerator for basic earnings per share: Numerator for diluted earnings per share: Net earnings attributable to VPG stockholders $ 20,221 $ 10,787 $ 22,188 Denominator: Denominator for basic earnings per share: Weighted average shares 13,616 13,566 13,515 Effect of dilutive securities: Restricted stock units 41 57 82 Dilutive potential common shares 41 57 82 Denominator for diluted earnings per share: Adjusted weighted average shares 13,657 13,623 13,597 Basic earnings per share attributable to VPG stockholders $ 1.49 $ 0.80 $ 1.64 Diluted earnings per share attributable to VPG stockholders $ 1.48 $ 0.79 $ 1.63

Additional Financial Statement

Additional Financial Statement Information	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Financial Statement Information	Additional Financial Statement Information The caption “Other” on the consolidated statements of operations consists of the following (in thousands) : Years ended December 31, 2021 2020 2019 Foreign exchange loss $ (110) $ (2,246) $ (1,638) Interest income 252 246 622 Pension expense (468) (738) (643) Other 96 (244) 958 $ (230) $ (2,982) $ (701) Foreign currency exchange gains and losses represent the impact of changes in foreign currency exchange rates. The change in foreign exchange gains / (losses) for the year ended December 31, 2021, as compared to the prior year period, is primarily due to fluctuations in the Israeli shekel. Additionally in 2021, there were favorable foreign exchange impacts from the Japanese yen and the Canadian dollar. Foreign currency exchange gains and losses represent the impact of changes in foreign currency exchange rates. The change in foreign exchange gains / (losses) for the year ended December 31, 2020, as compared to the prior year period, was primarily due to fluctuations in the Israeli shekel. The change in the dollar-shekel exchange rate, particularly in the fourth quarter of 2020, resulted in an unfavorable foreign exchange impact primarily related to the shekel-denominated lease liability for a new Sensors facility in Israel . Pension expense represents the net periodic benefit cost excluding the service cost. Included in Other for the year ended December 31, 2019, is a one-time $0.8 million gain on liquidation of one of the Company's subsidiaries. Other accrued expenses consist of the following (in thousands) : December 31, 2021 2020 Customer advance payments $ 4,765 $ 2,873 Accrued restructuring — 63 Goods received, not yet invoiced 2,998 2,553 Accrued taxes, other than income taxes 1,425 1,223 Accrued commissions 2,605 2,144 Accrued professional fees 1,336 1,169 Accrued technical warranty 761 780 Current accrued pension and other post retirement costs 709 611 Other 2,997 2,427 $ 17,596 $ 13,843 Israeli Severance Pay The Israeli Severance Pay Law, 1963 ("Severance Pay Law"), specifies that employees of our Israeli subsidiary are entitled to severance payment, following the termination of their employment. Under the Severance Pay Law, the severance payment is calculated as one month salary for each year of employment, or a portion thereof. Part of the subsidiary's liability for severance pay is covered by the provisions of Section 14 of the Severance Pay Law ("Section 14"). Under Section 14, employees are entitled to monthly deposits, at a rate of 8.33% of their monthly salary, contributed on their behalf to their insurance funds. Payments in accordance with Section 14 release the subsidiary from any future severance payments in respect of those employees. As a result, the Company does not recognize any liability for severance pay due to these employees and the deposits under Section 14 are not recorded as an asset in the Company's balance sheet. For the subsidiary's employees in Israel who are not subject to Section 14, the Company calculated the liability for severance pay pursuant to the Severance Pay Law based on the most recent salary of these employees multiplied by the number of years of employment as of the balance sheet date. The Company recorded as expenses the increase in the severance liability, net of earnings (losses) from the related investment fund. The subsidiary's liability was partially funded by monthly payments deposited with insurers and the value of these deposits is recorded as an asset on the Company's balance sheet. Any unfunded amounts would be paid from operating funds and are covered by a provision established by the subsidiary. The accompanying consolidated balance sheets at December 31, 2021 and December 31, 2020 include a $8.4 million and $8.3 million liability, respectively, associated with Israeli severance requirements in other liabilities.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures, 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 tables provide the financial assets and liabilities carried at fair value measured on a recurring basis (in thousands) : As of December 31, 2021 Fair value measurements at reporting date using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs Assets: Assets held in rabbi trusts $ 6,158 $ 49 $ 6,109 $ — As of December 31, 2020 Fair value measurements at reporting date using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs Assets: Assets held in rabbi trusts $ 5,601 $ 61 $ 5,540 $ — The Company maintains nonqualified trusts, referred to as “rabbi” trusts, to fund payments under deferred compensation and nonqualified pension plans. Rabbi trust assets consist primarily of marketable securities, classified as available-for-sale money market funds at December 31, 2021 and December 31, 2020, 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 year. 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 December 31, 2021 and December 31, 2020 approximates its carrying value, as the revolving debt and term loans are reset monthly based on current market rates, plus a base rate as specified in the 2020 Credit Agreement. The fair value measurement of long-term debt is considered a Level 2 measurement. The Company’s financial instruments include cash and cash equivalents, accounts receivable, short-term notes payable, and accounts payable. The carrying amounts for these financial instruments reported in the consolidated balance sheets approximate their fair values.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Following the spin-off from Vishay Intertechnology, Inc. on July 6, 2010, VPG is an independent, publicly-traded company, and Vishay Intertechnology does not retain any ownership interest in VPG, although a common group of stockholders control a significant portion of the voting power of each company and the companies have three common board members. Subsequent to the spin-off, VPG and Vishay Intertechnology continue to share certain manufacturing locations. VPG owns one location in Japan at which it leases space to Vishay Intertechnology. Vishay Intertechnology owns one location in the United States, at which it leases space to VPG. Lease receipts and payments related to the shared facilities are immaterial.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Executive RSU grant On March 3, 2022, VPG’s three current executive officers were granted annual equity awards in the form of RSUs, of which 50% are performance-based and 50% are service-based. The awards have an aggregate target grant-date fair value of $1.5 million and were comprised of 47,831 RSUs. The service-based awards will vest on January 1, 2025, subject to the executives continued employment. The performance-based awards will also vest on January 1, 2025, subject to the executives continued employment and the satisfaction of certain performance objectives relating to three-year cumulative “adjusted free cash flow” and net earnings goals.

Background and Summary of Sig_2

Background and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the individual entities in which the Company maintained a controlling financial interest. For those subsidiaries in which the Company’s ownership is less than 100 percent, the outside stockholders’ interests are shown as noncontrolling interests in the accompanying consolidated balance sheets. All transactions, accounts, and profits between individual members comprising the Company have been eliminated in consolidation.
Change in Segment Reporting	Change in Segment ReportingIn the fourth quarter of 2021, the Company formally adopted an operationally diversified structure and strategy, by which each of VPG's operating segments maintains and deploys specific go-to-market strategies, technical expertise, capital requirements, and acquisition opportunities. This change in structure and strategy impacted the Company's reportable segments beginning in the fourth quarter of 2021, but did not impact the Company's consolidated financial statements. As a result, we recast our businesses into new reporting segments and the results of operations by reporting segments for prior periods presented in the financial statements have been recast to reflect the new reporting segments.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ significantly from those estimates.
Revenue Recognition	Revenue Recognition The Company derives substantially all of its revenue from product sales. The Company recognizes the vast majority of its sales at a point-in-time. It utilizes the core principle of recognizing revenue when the Company satisfies performance obligations as evidenced by the transfer of control of its products to the customer. Such revenues are derived from purchase orders and/or contracts with customers. Each contract has the promise to transfer the control of the products, each of which is individually distinct and is considered the identified performance obligation. As part of the decision to enter into each contract, the Company evaluates the customer’s credit risk, but its contracts do not have any significant financing components, as payment is generally due net 30 to 60 days after delivery. In accordance with contract terms, revenue from the Company’s product sales is recognized at the time of product shipment from its facilities or delivery to the customer location, as determined by the agreed upon shipping terms. Under the terms of some of its contracts, the Company may be required to perform certain installation services. These installation services are performed at the time of product delivery or at some point thereafter. The installation services do not significantly modify the product provided, and although the Company may be required contractually to provide these services, the installation services could be performed by a third party or the customer. Thus, these installation services are a distinct performance obligation. In most of the applicable contracts, this installation service element is immaterial in the context of the agreement. When the installation services are accounted for as a separate performance obligation, the Company allocates the transaction price to this element based on its relative standalone selling price. 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.
Research and Development Expense	Research and Development ExpensesResearch and development costs are expensed as incurred.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income tax expense in the period that includes the enactment date. The Company records net deferred tax assets to the extent it believes such assets will "more likely than not" be realized. In making this determination, the Company considers all positive and negative evidence, including historic earnings, projected future income, and cost-effective tax-planning strategies. When the Company determines that its ability to realize deferred tax assets is not "more likely than not", the Company adjusts its deferred tax asset valuation allowance, which increases income tax expense. The Company records uncertain tax positions on the basis of a two-step process in which the Company first determines whether it is "more likely than not" that the tax positions will be sustained based on the technical merits of the position and then measures those tax positions that meet the more-likely-than-not recognition threshold. The Company recognizes the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the tax authority. The Company recognizes interest and penalties related to unrecognized tax benefits within income tax expense in the accompanying consolidated statements of operations. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheets.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include demand deposits and highly liquid investments with original maturities of three months or less when purchased. Highly liquid investments with maturities greater than three months are classified as short-term investments. There were no investments classified as short-term investments at December 31, 2021 or 2020.
Allowance For Credit Losses	Allowance for Credit LossesThe Company maintains an allowance for credit losses resulting from the inability of its customers to make required payments. In determining the amount of the allowance for credit losses, the Company considers historical loss data, customer specific information, current market conditions and reasonable and supportable forecasts of future economic conditions to inform adjustments to historical loss data.
Inventories	Inventories Inventories are stated at the lower of cost, determined by the first-in, first-out method, or market based on net realizable value. Inventories are adjusted for estimated excess and obsolescence and written down to net realizable value based upon estimates of future demand, technology developments, and market conditions.
Property and Equipment	Property and EquipmentProperty and equipment are carried at cost and is depreciated principally by the straight-line method based upon the estimated useful lives of the assets. Machinery and equipment are being depreciated over useful lives of seven twenty three
Business Combinations	Business Combinations The Company allocates the purchase price of an acquired company, including when applicable, the fair value of contingent consideration between tangible and intangible assets acquired and liabilities assumed from the acquired businesses based on estimated fair values, with any residual of the purchase price recorded as goodwill. Estimating fair values requires significant judgments, estimates and assumptions including but not limited to: discount rates, future cash flows and the economic lives of trade names, technology, and customer relationships. These estimates are based on historical experience and information obtained from the management of the acquired companies, and are inherently uncertain.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and indefinite-lived trademarks are tested for impairment at least annually, and whenever events or changes in circumstances occur indicating that it is "more likely than not" impairment may have been incurred. The Company has the option to first assess qualitative factors to determine whether it is "more likely than not" that the fair value of a reporting unit is less than its carrying amount as a basis for determining if it is necessary to perform the quantitative goodwill impairment test. However, if the Company concludes otherwise, then it is required to perform the quantitative impairment test by calculating the fair value of the reporting unit and comparing it against its carrying amount. If the fair value exceeds the carrying value, no further evaluation is required and no impairment loss is recognized. An impairment charge would be recognized to the extent the carrying amount of goodwill exceeds the reporting unit fair value. The indefinite-lived trade names are tested for impairment either by employing the qualitative approach outlined above, or by comparing the carrying value to the fair value based on current revenue projections of the related operations, under the relief from royalty method. Any excess carrying value over the applicable fair value is recognized as impairment. Any impairment would be recognized in the reporting period in which it has been identified. The Company's required goodwill and indefinite-lived asset annual impairment test is completed as of the first day of the fourth fiscal quarter each year. As described in Note 4 to the consolidated financial statements, the 2021 interim impairment test resulted in an impairment charge in the second quarter of 2021. The 2020 annual impairment test resulted in an impairment charge in the fourth quarter of 2020. In 2019 the annual impairment test resulted in no impairment. seven five seven five
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The carrying value of long-lived assets held-and-used, other than goodwill and indefinite-lived intangible assets, is evaluated when events or changes in circumstances indicate the carrying value may not be recoverable. The carrying value of a long-lived asset group is considered impaired when the total projected undiscounted cash flows from such asset group are separately identifiable and are less than the carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset group. Fair market value is determined primarily using present value techniques based on projected cash flows from the asset group. Losses on long-lived assets held-for-sale, other than goodwill and indefinite-lived intangible assets, are determined in a similar manner, except that fair market values are reduced for disposal costs.
Foreign Currency Translation	Foreign Currency Translation The Company has significant operations outside of the United States. The Company's operations in Europe, Canada, and certain locations in Asia primarily generate and expend cash in local currencies, and accordingly, these subsidiaries utilize the local currency as their functional currency. The Company’s operations in Israel and certain locations in Asia primarily generate cash in U.S. dollars, and accordingly, these subsidiaries utilize the U.S. dollar as their functional currency. For those subsidiaries where the local currency is the functional currency, assets and liabilities in the consolidated balance sheets have been translated at the rate of exchange as of the balance sheet date. Revenues and expenses are translated at the average exchange rate for the year. Translation adjustments do not impact the consolidated statements of operations and are reported as a separate component of accumulated other comprehensive loss within the statement of comprehensive income. Foreign currency transaction gains and losses are included in the results of operations. For those foreign subsidiaries where the U.S. dollar is the functional currency, all foreign currency financial statement amounts are remeasured into U.S. dollars. Exchange gains and losses arising from remeasurement of foreign currency-denominated monetary assets and liabilities are included in the consolidated statements of operations.
Share-Based Compensation	Share-Based CompensationCompensation costs related to share-based payments are recognized in the consolidated financial statements. The amount of compensation cost is measured based on the grant-date fair value of the equity instruments issued. For service-based awards, compensation cost is recognized over the period that an officer, employee, or non-employee director provides service in exchange for the award. The Company recognizes forfeitures as they occur. For performance based awards, the Company recognizes compensation cost for awards that are expected to vest based on whether performance criteria are expected to be met.
Leases	Leases 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. The Company uses the practical expedients to exclude from balance sheet reporting leases with initial terms of 12 months or less and to exclude non-lease components from lease right of use assets and corresponding liabilities.
Commitments and Contingencies	Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated.
Recent Accounting Pronouncements	Recently Adopted Accounting PronouncementsIn December 2019, the Financial Accounting Standards Board issued Accounting Standards Update No. ASU 2019-12, "Simplifying the Accounting for Income Taxes". This ASU amends Accounting Standards Codification ("ASC") 740 by removing certain exceptions to the general principles, clarifying and amending existing guidance. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020. The Company adopted this standard in the first quarter of 2021. The adoption of this ASU did not impact our financial statements or the related disclosures.

Background and Summary of Sig_3

Background and Summary of Significant Accounting Polices (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table sets forth reporting segment information (in thousands) : Sensors Weighing Solutions Measurement Systems Corporate/ Total 2021 Net third-party revenues $ 127,861 $ 125,390 $ 64,668 $ 317,919 Intersegment revenues 3,487 — — (3,487) — Gross profit 45,474 45,900 33,768 125,142 Segment operating income (loss) 26,527 23,184 13,480 (35,819) 27,372 Acquisition costs — — 1,198 — 1,198 Impairment of goodwill and indefinite-lived intangibles — — 1,223 — 1,223 Restructuring costs — 76 — — 76 Depreciation and amortization expense 5,967 3,415 3,834 1,780 14,996 Capital expenditures 13,213 3,434 913 7 17,567 Total assets 142,510 152,399 159,816 7,164 461,889 2020 Net third-party revenues $ 120,754 $ 101,386 $ 47,672 $ — $ 269,812 Intersegment revenues 3,183 — — (3,183) — Gross profit 47,530 32,250 24,491 — 104,271 Segment operating income (loss) 29,486 12,145 11,763 (30,737) 22,657 Impairment of goodwill and indefinite-lived intangibles — — 2,440 — 2,440 Restructuring costs 551 234 51 82 918 Depreciation and amortization expense 5,227 3,291 2,653 1,336 12,507 Capital expenditures 21,885 1,961 468 13 24,327 Total assets 138,932 160,679 78,810 23,466 401,887 2019 Net third-party revenues $ 121,827 $ 119,854 $ 42,277 $ — $ 283,958 Intersegment revenues 4,067 26 — (4,093) — Gross profit 49,166 40,664 21,787 — 111,617 Segment operating income (loss) 30,262 19,121 10,191 (30,926) 28,648 Acquisition costs — — 443 — 443 Executive severance costs — — — 611 611 Restructuring costs 79 2,041 7 166 2,293 Depreciation and amortization expense 5,228 3,475 1,809 1,283 11,795 Capital expenditures 6,688 2,729 1,074 38 10,529 Total assets 96,316 168,953 86,133 19,011 370,413

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2021
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) : Year Ended December 31, 2021 Sensors Weighing Solutions Measurement Systems Total United States $ 39,845 $ 52,542 $ 40,095 $ 132,482 United Kingdom 3,083 16,577 752 20,412 Other Europe 25,859 39,549 2,503 67,911 Israel 22,391 994 — 23,385 Asia 36,683 15,719 7,476 59,878 Canada — 9 13,842 13,851 $ 127,861 $ 125,390 $ 64,668 $ 317,919 Year Ended December 31, 2020 Sensors Weighing Solutions Measurement Systems Total United States $ 39,624 $ 46,980 $ 21,656 $ 108,260 United Kingdom 3,047 19,866 229 23,142 Other Europe 29,473 23,114 2,098 54,685 Israel 21,432 384 — 21,816 Asia 27,178 10,876 5,376 43,430 Canada — 166 18,313 18,479 $ 120,754 $ 101,386 $ 47,672 $ 269,812 Year Ended December 31, 2019 Sensors Weighing Solutions Measurement Systems Total United States $ 47,220 $ 54,679 $ 12,416 $ 114,315 United Kingdom 2,779 26,026 402 29,207 Other Europe 31,927 26,437 1,635 59,999 Israel 12,401 415 — 12,816 Asia 27,500 11,654 5,663 44,817 Canada — 643 22,161 22,804 $ 121,827 $ 119,854 $ 42,277 $ 283,958 The following table disaggregates net revenue by market sector (in thousands) : Years Ended December 31, 2021 2020 2019 Test & Measurement $ 64,124 $ 53,633 $ 64,982 Avionics, Military & Space 27,303 32,607 23,653 Transportation 49,562 29,483 36,914 Other Markets 71,577 58,256 50,169 Industrial Weighing 50,626 43,441 54,678 General Industrial 16,771 15,351 20,466 Steel 37,956 37,041 33,096 $ 317,919 $ 269,812 $ 283,958
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 December 31, 2020 $ 3,605 $ 2,873 December 31, 2021 $ 3,570 $ 4,765 Increase ( decrease) $ (35) $ 1,892

Acquisition Activity (Tables)

Acquisition Activity (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The following table summarizes the provisional fair values assigned to the assets and liabilities of DTS as of June 1, 2021 (in thousands): June 1, 2021 Working capital $ 12,587 Property and equipment 1,209 Deferred income tax liability (6,178) Intangible assets: Acquired technology 13,167 Customer relationships 8,135 Trade names 2,393 Total intangible assets 23,695 Fair value of acquired identifiable assets 31,313 Purchase price $ 47,216 Goodwill $ 15,903 (a) Working capital accounts include accounts receivable, inventory, prepaid expenses, accounts payable, accrued expenses, and accrued payroll. November 1, 2019 Working capital (a) $ 6,740 Property and equipment 1,727 Long-term deferred income tax liability (2,643) Non-Controlling interest (299) Intangible assets: Patents and acquired technology 10,250 Customer relationships 4,344 Trade names 3,300 Total intangible assets 17,894 Fair value of acquired identifiable assets and liabilities 23,419 Purchase price 40,325 Goodwill $ 16,906
Schedule of Acquisition Costs	The Company recorded acquisition costs associated with this transaction as follows (in thousands ): Year Ended December 31, 2021 Legal fees $ 341 Appraisal fees 18 Investment banker fees and insurance costs 839 $ 1,198 The Company recorded acquisition costs of associated with this transaction in its consolidated statements of operation as follows (in thousands) : Year ended December 31, 2019 Accounting and legal fees $ 214 Appraisal fees 13 Other 216 $ 443
Business Acquisition, Pro Forma Information	Following are the supplemental consolidated financial results for the Company on an unaudited pro forma basis, as if the DTS acquisition had been consummated on January 1, 2020 (unaudited): Year ended December 31, Year ended December 31, 2021 2020 (unaudited) (unaudited) Pro forma net revenues $ 331,155 $ 301,577 Pro forma net earnings attributable to VPG stockholders $ 25,109 $ 14,289 Pro forma basic earnings per share attributable to VPG stockholders $ 1.84 $ 1.05 Pro forma diluted earnings per share attributable to VPG stockholders $ 1.84 $ 1.05

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
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 Measurement Systems KELK Acquisition DSI Acquisition Stress-Tek Acquisition Pacific Instruments Acquisition DTS Acquisition Balance at January 1, 2020 $ 35,018 $ 6,559 $ 18,606 $ 6,311 $ 3,542 $ — Adjustment to goodwill acquired (1,700) — (1,700) — — — Impairment charges (2,416) — — — (2,416) — Foreign currency translation adjustment 203 167 36 — — — Balance at December 31, 2020 31,105 6,726 16,942 6,311 1,126 — Goodwill acquired 15,903 — — — — 15,903 Impairment charges (1,126) — — — (1,126) — Foreign currency translation adjustment (52) (20) (32) — — — Balance at December 31, 2021 $ 45,830 $ 6,706 $ 16,910 $ 6,311 $ — $ 15,903
Schedule of Finite-Lived Intangible Assets	Intangible assets were as follows (in thousands) : December 31, 2021 2020 Intangible assets subject to amortization (Definite-lived): Patents and acquired technology $ 33,026 $ 19,804 Customer relationships 34,036 26,061 Trade names 1,665 1,747 Non-competition agreements 11,335 12,259 80,062 59,871 Accumulated amortization: Patents and acquired technology (7,430) (5,895) Customer relationships (14,918) (13,363) Trade names (1,665) (1,747) Non-competition agreements (11,329) (12,250) (35,342) (33,255) Net intangible assets subject to amortization $ 44,720 $ 26,616 Intangible assets not subject to amortization (Indefinite-lived): Trade names 7,717 5,423 $ 52,437 $ 32,039
Schedule of Expected Amortization Expense	Estimated annual amortization expense for each of the next five years is as follows (in thousands) : 2022 $ 3,873 2023 3,767 2024 3,734 2025 3,733 2026 3,733

Restructuring Costs (Tables)

Restructuring Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table summarizes the activity to date related to these programs in the accrued restructuring liability, which is comprised of the activity associated primarily with the employee termination costs. The accrued restructuring liability balance as of December 31, 2021 and 2020, respectively, is included in other accrued expenses in the accompanying consolidated balance sheets (in thousands) : December 31, 2021 2020 Balance at beginning of year $ 63 $ 604 Restructuring charges 76 918 Cash payments (138) (1,458) Foreign currency translation (1) (1) Balance at end of year $ — $ 63

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	For financial reporting purposes, income before taxes includes the following components (in thousands) : Years ended December 31, 2021 2020 2019 Domestic $ (5,956) $ (9,476) $ (7,405) Foreign 31,868 27,785 33,845 $ 25,912 $ 18,309 $ 26,440
Schedule of Components of Income Tax Expense (Benefit)	The expense (benefit) for income taxes is comprised of (in thousands) : Years ended December 31, 2021 2020 2019 Current: Federal $ 245 $ 106 $ 453 State and local 38 (18) (130) Foreign 8,442 6,268 6,378 8,725 6,356 6,701 Deferred: Federal (2,992) 1,718 (2,638) State and local (588) (422) (123) Foreign 324 (143) 205 (3,256) 1,153 (2,556) Total income tax expense $ 5,469 $ 7,509 $ 4,145
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of income tax expense (benefit) at the U.S. federal statutory income tax rate to the actual income tax provision is as follows (in thousands) : Years ended December 31, 2021 2020 2019 Tax at statutory rate $ 5,441 $ 3,845 $ 5,553 State income taxes, net of U.S. federal tax benefit (391) (176) (21) U.S. GILTI tax, net of foreign tax credits 77 — — Effect of foreign operations 2,096 729 (109) Change in valuation allowance (1,204) 2,448 (646) Change in unrecognized tax benefits, net 107 (32) 650 Impairment of goodwill 237 507 — Specialty tax credits (333) (249) (176) Statutory rate changes (282) (119) (249) Effect of foreign exchange (35) (346) (1,152) Loss of benefit of U.S. net operating loss — 1,064 967 Excess tax benefits related to share based compensation — (168) (357) Other (244) 6 (315) Total income tax expense $ 5,469 $ 7,509 $ 4,145
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands) : December 31, 2021 2020 Deferred tax assets: Pension and other postretirement costs $ 3,580 $ 4,296 Inventories 2,659 2,327 Net operating/capital loss and interest carryforwards 13,562 13,082 Tax credit carryforwards 3,026 1,994 Deferred compensation 3,267 2,930 Other accruals and reserves 4,425 3,420 Book over tax depreciation 93 Total gross deferred tax assets 30,519 28,142 Less: valuation allowance (16,486) (16,946) 14,033 11,196 Deferred tax liabilities: Tax over book depreciation (780) — Investment in subsidiary (1,958) (1,927) Intangible assets, including tax deductible goodwill (11,106) (5,657) Total gross deferred tax liabilities (13,844) (7,584) Net deferred tax assets $ 189 $ 3,612
Summary of Valuation Allowance	Significant valuation allowances are as follows (in thousands) : December 31, Jurisdiction 2021 2020 U.S. federal $ 4,233 $ 5,816 U.S. state (net of U.S. federal tax benefit) 9,648 9,090 Israel - capital losses 1,537 1,390
Summary of Operating Loss Carryforwards	The following table summarizes significant net operating losses and credit carryforwards as of December 31, 2021 (in thousands): December 31, Jurisdiction 2021 Expiring U.S. federal net operating losses $ 5,097 No expiration U.S. federal interest expense carryover 4,169 No expiration U.S. foreign tax credit 2,336 2024 - 2031 U.S. state net operating losses 110,725 2023 - 2041 Israel capital losses 6,681 No expiration
Summary of Income Tax Contingencies	The following table summarizes changes in the Company's gross liabilities, excluding interest and penalties, associated with unrecognized tax benefits (in thousands) : December 31, 2021 2020 2019 Balance at beginning of year $ 1,244 $ 1,355 $ 912 Addition based on tax positions related to current year 52 51 144 Addition based on tax positions related to prior years — — 668 Reduction based on tax positions related to prior years — (57) (32) Currency translation adjustments 41 92 3 Reduction for settled tax examinations — (73) — Reduction for payments made — (22) (134) Reduction for lapses of statute of limitations (55) (102) (206) Balance at end of year $ 1,282 $ 1,244 $ 1,355

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following (in thousands) : December 31, 2021 2020 2020 Credit Agreement - Revolving Facility $ 61,000 $ 41,000 Other debt — 18 Deferred financing costs (286) (374) 60,714 40,644 Less: current portion — 18 $ 60,714 $ 40,626
Schedule of Maturities of Long-term Debt	Aggregate annual maturities of long-term debt are as follows (in thousands) : 2022 $ — 2023 — 2024 — 2025 61,000 2026 — Thereafter —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Schedule of Comprehensive Income (Loss)	The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows (in thousands) : Beginning Before-Tax Tax Net-of-Tax Ending December 31, 2019 Pension and other postretirement actuarial items $ (6,146) $ (1,310) $ 194 $ (1,116) $ (7,262) Reclassification adjustment for recognition of actuarial items 359 (39) 320 320 Foreign currency translation adjustment (31,319) (290) 21 (269) (31,588) Reclassification adjustment for foreign currency translation 827 827 827 $ (37,465) $ (414) $ 176 $ (238) $ (37,703) December 31, 2020 Pension and other postretirement actuarial items $ (6,942) $ (920) $ 319 $ (601) $ (7,543) Reclassification adjustment for recognition of actuarial items 537 (73) 464 464 Foreign currency translation adjustment (30,761) 5,070 99 5,169 (25,592) $ (37,703) $ 4,687 $ 345 $ 5,032 $ (32,671) December 31, 2021 Pension and other postretirement actuarial items $ (7,079) $ 2,332 $ (376) $ 1,956 $ (5,123) Reclassification adjustment for recognition of actuarial items 498 (107) 391 391 Foreign currency translation adjustment (25,592) (4,606) (78) (4,684) (30,276) $ (32,671) $ (1,776) $ (561) $ (2,337) $ (35,008)

Pensions and Other Postretire_2

Pensions and Other Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Reconciliation of the Benefit Obligation, Plan Assets, and Funded Status to Benefit Plans	The following table sets forth a reconciliation of the benefit obligation, plan assets, and funded status related to pension plans (in thousands) : December 31, 2021 December 31, 2020 U.S. Non-U.S. U.S. Non-U.S. Change in benefit obligation: Benefit obligation at beginning of year $ 2,747 $ 28,088 $ 2,414 $ 24,857 Service cost (adjusted for actual employee contributions) — 379 — 402 Interest cost 57 353 70 442 Actuarial (gains) losses (103) (792) 338 1,863 Benefits paid (75) (851) (75) (659) Curtailments and settlements — (108) — (95) Plan amendments and other — (172) — — Currency translation — (740) — 1,278 Benefit obligation at end of year $ 2,626 $ 26,157 $ 2,747 $ 28,088 Change in plan assets: Fair value of plan assets at beginning of year $ — $ 18,157 $ — $ 16,420 Actual return on plan assets — 1,044 — 734 Company contributions 75 1,613 75 919 Benefits paid (75) (851) (75) (659) Currency translation — (246) — 743 Fair value of plan assets at end of year $ — $ 19,717 $ — $ 18,157 Funded status at end of year $ (2,626) $ (6,440) $ (2,747) $ (9,931) The following table sets forth a reconciliation of the benefit obligation, plan assets, and funded status related to other postretirement benefit plans (in thousands) : OPEB Plans December 31, 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 3,577 $ 4,633 Service cost (adjusted for actual employee contributions) 36 123 Interest cost 68 133 Contributions by participants — 25 Actuarial gains (591) (1,498) Benefits paid (205) (249) Plan amendments and other — 410 Benefit obligation at end of year $ 2,885 $ 3,577 Change in plan assets: Fair value of plan assets at beginning of year $ — $ — Company contributions 205 224 Contributions by participants — 25 Benefits paid (205) (249) Fair value of plan assets at end of year $ — $ — Funded status at end of year $ (2,885) $ (3,577)
Amounts Recognized in the Consolidated Balance Sheet Pretax Amounts	Amounts recognized in the consolidated balance sheets consist of the following pre-tax amounts (in thousands) : December 31, 2021 December 31, 2020 U.S. Non-U.S. U.S. Non-U.S. Other accrued expenses $ (107) $ (375) $ (105) $ (240) Accrued pension and other postretirement costs $ (2,519) $ (6,065) $ (2,642) $ (9,691) Accumulated other comprehensive loss $ 693 $ 6,764 $ 823 $ 9,068 $ (1,933) $ 324 $ (1,924) $ (863) Amounts recognized in the consolidated balance sheets consist of the following pre-tax amounts (in thousands) : OPEB Plans December 31, 2021 2020 Other accrued expenses $ (227) $ (266) Accrued pension and other postretirement costs $ (2,658) $ (3,311) Accumulated other comprehensive (gain)/loss $ (28) $ 583 $ (2,913) $ (2,994)
Actuarial Items	Actuarial items consist of the following (in thousands) : December 31, 2021 December 31, 2020 U.S. Non-U.S. U.S. Non-U.S. Unrecognized net actuarial loss $ 693 $ 6,709 $ 823 $ 9,008 Unrecognized prior service cost — 55 — 60 $ 693 $ 6,764 $ 823 $ 9,068 Actuarial items consist of the following (in thousands) : OPEB Plans December 31, 2021 2020 Unrecognized net actuarial (gain)/loss $ (28) $ 583 $ (28) $ 583
Additional Information Regarding Projected and Accumulated Benefit Obligations for the Pension Plans	The following table sets forth additional information regarding the projected and accumulated benefit obligations for the pension plans (in thousands) : December 31, 2021 U.S. Non-U.S. Accumulated benefit obligation, all plans $ 2,626 $ 23,796 Plans for which the accumulated benefit obligation exceeds plan assets: Projected benefit obligation $ 2,626 $ 23,451 Accumulated benefit obligation $ 2,626 $ 22,634 Fair value of plan assets — $ 17,778 December 31, 2020 U.S. Non-U.S. Accumulated benefit obligation, all plans $ 2,747 $ 25,148 Plans for which the accumulated benefit obligation exceeds plan assets: Projected benefit obligation $ 2,747 $ 25,107 Accumulated benefit obligation $ 2,747 $ 24,099 Fair value of plan assets — $ 16,259
Components of Net Periodic Costs of Benefit Plans	The following table sets forth the components of net periodic cost of pension (in thousands) : Years ended December 31, 2021 2020 2019 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Annual service cost $ — $ 379 $ — $ 402 $ — $ 336 Less: employee contributions — — — — — — Net service cost — 379 — 402 — 336 Interest cost 57 353 70 442 85 535 Expected return on plan assets — (393) — (442) — (517) Amortization of actuarial losses 27 459 109 286 38 164 Amortization of transition obligation — (8) — 5 — 1 Curtailment and settlement losses — (108) — — — — Net periodic benefit cost $ 84 $ 682 $ 179 $ 693 $ 123 $ 519 (in thousands) : OPEB Plans Years ended December 31, 2021 2020 2019 OPEB OPEB OPEB Net service cost 36 123 126 Interest cost 68 133 180 Amortization of actuarial losses 20 137 156 Net periodic benefit cost $ 124 $ 393 $ 462
Weighted-average Assumptions Used for Benefit Obligations and Net Periodic Pension Costs	The following weighted-average assumptions were used to determine benefit obligations at December 31 of the respective years: 2021 2020 U.S. Non-U.S. U.S. Non-U.S. Discount rate 2.53 % 1.66 % 2.11 % 1.29 % Rate of compensation increase N/A 2.97 % N/A 2.77% Expected return on plan assets N/A 2.10 % N/A 2.66 % The following weighted-average assumptions were used to determine the net periodic pension costs for the years ended December 31, 2021 and 2020: 2021 2020 U.S. Non-U.S. U.S. Non-U.S. Discount rate 2.11 % 1.29 % 2.97 % 1.86 % Rate of compensation increase N/A 2.77% N/A 1.20 % Expected return on plan assets N/A 2.66 % N/A 3.56 % The following weighted-average assumptions were used to determine benefit obligations at December 31 of the respective years: OPEB Plans December 31, 2021 2020 Discount rate 2.46 % 1.99 % The following weighted-average assumptions were used to determine the net periodic benefit costs for the years ended December 31, 2021 and 2020: OPEB Plans December 31, 2021 2020 Discount rate 1.99 % 2.97 % Health care trend rate 6.00 % 5.40 %
Composition of Plan Assets	Plan assets are comprised of: December 31, 2021 December 31, 2020 U.S. Non-U.S. U.S. Non-U.S. Equity securities — 47 % — 48 % Fixed income securities — 39 % — 39 % Cash and cash equivalents — 14 % — 13 % Total — 100 % — 100 %
Changes in Fair Value of Plan Assets for Each Hierarchy Level	A summary of the Company’s pension plan assets for each fair value hierarchy level are as follows for the periods presented (see Note 16 for further description of the levels within the fair value hierarchy (in thousands)) : As of December 31, 2021 Fair value measurements at reporting date using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs Defined benefit pension plan assets Equity securities $ 9,262 $ — $ 9,262 $ — Fixed income securities 7,646 — 7,646 — Cash and cash equivalents 2,809 1,577 1,232 — $ 19,717 $ 1,577 $ 18,140 $ — As of December 31, 2020 Fair value measurements at reporting date using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs Defined benefit pension plan assets Equity securities $ 8,779 $ — $ 8,779 $ — Fixed income securities 7,700 — 7,700 — Cash and cash equivalents 1,678 1,678 — — $ 18,157 $ 1,678 $ 16,479 $ —
Estimated future Benefit Payments	Estimated future benefit payments are as follows (in thousands) : US Pension Non-US 2022 $ 107 $ 763 2023 138 1,129 2024 137 844 2025 137 1,216 2026 138 670 2025 - 2028 794 5,455 Estimated future benefit payments are as follows (in thousands) : OPEB 2022 $ 227 2023 $ 165 2024 $ 198 2025 $ 176 2026 $ 178 2025 - 2028 $ 898

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Restricted Stock Units Activity	RSU activity is presented below (number of RSUs in thousands) : Years ended December 31, 2021 2020 2019 Number Weighted Number Weighted Number Weighted Outstanding: Beginning of year 205 $ 28.23 212 $ 25.97 265 $ 17.64 Granted 80 33.13 79 24.16 73 35.27 Vested (77) 25.87 (81) 19.02 (75) 15.27 Forfeited (10) 29.43 (5) 15.75 (51) 11.49 End of year 198 $ 31.07 205 $ 28.23 212 $ 25.97
Restricted Stock Units Performance-based Vesting Criteria	RSUs with performance-based vesting criteria are expected to vest as follows (number of RSUs in thousands) : Vesting Date Expected to Vest Not Expected to Vest Total January 1, 2022 16 30 46 January 1, 2023 22 22 44 January 1, 2024 36 — 36
Pre-tax Share-based Compensation Expense Recognized	The following table summarizes pre-tax share-based compensation expense recognized (in thousands) : Years ended December 31, 2021 2020 2019 Restricted stock units $ 2,244 $ 1,387 $ 1,336

Commitments, Contingencies, a_2

Commitments, Contingencies, and Concentrations (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule Of Percentage Of Cash and Cash Equivalents Reported By Region	See the following table for the percentage of cash and cash equivalents by region at December 31, 2021 and December 31, 2020: December 31, 2021 2020 Asia 24 % 18 % United States 13 % 10 % Israel 25 % 26 % Europe 18 % 16 % United Kingdom 12 % 18 % Canada 8 % 12 % Total 100 % 100 %

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases Recorded on the Balance Sheet	Leases recorded on the balance sheet consist of the following (in thousands) : Leases December 31, 2021 December 31, 2020 Assets Operating lease right of use asset $ 27,764 $ 21,788 Liabilities Operating lease - current $ 4,610 $ 4,011 Operating lease - non-current $ 25,140 $ 19,504
Other Information Related to Lease Term and Discount Rate	Other information related to lease term and discount rate is as follows: December 31, 2021 Operating leases weighted average remaining lease term (in years) 8.5 years Operating leases weighted average discount rate 3.11 %
Components of Lease Expense	The components of lease expense are as follows (in thousands) : Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Operating lease cost $ 5,185 $ 4,389 $ 3,376 Variable lease cost — — 44 Short-term lease cost 141 124 87 Sublease income $ (220) $ — $ — Total net lease cost $ 5,106 $ 4,513 $ 3,507
Maturities of Operating Lease Liabilities	Undiscounted maturities of operating lease payments as of December 31, 2021 are summarized as follows (in thousands) : 2022 $ 5,133 2023 4,661 2024 3,997 2025 3,443 2026 3,116 Thereafter 13,464 Total future minimum lease payments $ 33,814 Less: amount representing interest (4,064) Present value of future minimum lease payments $ 29,750

Segment and Geographic Data (Ta

Segment and Geographic Data (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Reporting Segment Information	The following table sets forth reporting segment information (in thousands) : Sensors Weighing Solutions Measurement Systems Corporate/ Total 2021 Net third-party revenues $ 127,861 $ 125,390 $ 64,668 $ 317,919 Intersegment revenues 3,487 — — (3,487) — Gross profit 45,474 45,900 33,768 125,142 Segment operating income (loss) 26,527 23,184 13,480 (35,819) 27,372 Acquisition costs — — 1,198 — 1,198 Impairment of goodwill and indefinite-lived intangibles — — 1,223 — 1,223 Restructuring costs — 76 — — 76 Depreciation and amortization expense 5,967 3,415 3,834 1,780 14,996 Capital expenditures 13,213 3,434 913 7 17,567 Total assets 142,510 152,399 159,816 7,164 461,889 2020 Net third-party revenues $ 120,754 $ 101,386 $ 47,672 $ — $ 269,812 Intersegment revenues 3,183 — — (3,183) — Gross profit 47,530 32,250 24,491 — 104,271 Segment operating income (loss) 29,486 12,145 11,763 (30,737) 22,657 Impairment of goodwill and indefinite-lived intangibles — — 2,440 — 2,440 Restructuring costs 551 234 51 82 918 Depreciation and amortization expense 5,227 3,291 2,653 1,336 12,507 Capital expenditures 21,885 1,961 468 13 24,327 Total assets 138,932 160,679 78,810 23,466 401,887 2019 Net third-party revenues $ 121,827 $ 119,854 $ 42,277 $ — $ 283,958 Intersegment revenues 4,067 26 — (4,093) — Gross profit 49,166 40,664 21,787 — 111,617 Segment operating income (loss) 30,262 19,121 10,191 (30,926) 28,648 Acquisition costs — — 443 — 443 Executive severance costs — — — 611 611 Restructuring costs 79 2,041 7 166 2,293 Depreciation and amortization expense 5,228 3,475 1,809 1,283 11,795 Capital expenditures 6,688 2,729 1,074 38 10,529 Total assets 96,316 168,953 86,133 19,011 370,413
Reporting Segment Information, Corporate Other and Excluded Items	The “Corporate/Other” column for segment operating income (loss) includes unallocated selling, general, and administrative expenses and certain items which management excludes from segment results when evaluating segment performance, as follows (in thousands) : Years ended December 31, 2021 2020 2019 Unallocated selling, general, and administrative expenses $ (33,322) $ (27,379) $ (27,579) Acquisition costs (1,198) — (443) Impairment of goodwill and indefinite-lived intangibles (1,223) (2,440) — Executive severance costs — — (611) Restructuring costs (76) (918) (2,293) $ (35,819) $ (30,737) $ (30,926)
Revenue From External Customers and Long-Lived Assets, by Geographical Areas	The following geographic data includes property and equipment based on physical location (in thousands) : December 31, Property and Equipment - Net 2021 2020 United States $ 12,255 $ 11,036 United Kingdom 4,024 4,153 Other Europe 1,774 1,813 Israel 41,540 38,339 Asia 20,057 17,953 Canada and Other 1,570 1,722 $ 81,220 $ 75,016

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings per share attributable to VPG stockholders (in thousands, except earnings per share) : Years ended December 31, 2021 2020 2019 Numerator: Numerator for basic earnings per share: Numerator for diluted earnings per share: Net earnings attributable to VPG stockholders $ 20,221 $ 10,787 $ 22,188 Denominator: Denominator for basic earnings per share: Weighted average shares 13,616 13,566 13,515 Effect of dilutive securities: Restricted stock units 41 57 82 Dilutive potential common shares 41 57 82 Denominator for diluted earnings per share: Adjusted weighted average shares 13,657 13,623 13,597 Basic earnings per share attributable to VPG stockholders $ 1.49 $ 0.80 $ 1.64 Diluted earnings per share attributable to VPG stockholders $ 1.48 $ 0.79 $ 1.63

Additional Financial Statemen_2

Additional Financial Statement Information (Tables)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Nonoperating Income (Expense)	The caption “Other” on the consolidated statements of operations consists of the following (in thousands) : Years ended December 31, 2021 2020 2019 Foreign exchange loss $ (110) $ (2,246) $ (1,638) Interest income 252 246 622 Pension expense (468) (738) (643) Other 96 (244) 958 $ (230) $ (2,982) $ (701)
Schedule of Accrued Liabilities	Other accrued expenses consist of the following (in thousands) : December 31, 2021 2020 Customer advance payments $ 4,765 $ 2,873 Accrued restructuring — 63 Goods received, not yet invoiced 2,998 2,553 Accrued taxes, other than income taxes 1,425 1,223 Accrued commissions 2,605 2,144 Accrued professional fees 1,336 1,169 Accrued technical warranty 761 780 Current accrued pension and other post retirement costs 709 611 Other 2,997 2,427 $ 17,596 $ 13,843

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables provide the financial assets and liabilities carried at fair value measured on a recurring basis (in thousands) : As of December 31, 2021 Fair value measurements at reporting date using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs Assets: Assets held in rabbi trusts $ 6,158 $ 49 $ 6,109 $ — As of December 31, 2020 Fair value measurements at reporting date using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs Assets: Assets held in rabbi trusts $ 5,601 $ 61 $ 5,540 $ —

Background and Summary of Sig_4

Background and Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary of Significant Accounting Policies [Line Items]
Minimum ownership of fully controlled entities	100.00%
Research and development expense	$ 17.2	$ 12.6	$ 12.1
Recognized tax benefit to be realized upon ultimate settlement	greater than 50 percent likely to be realized
Allowance for credit losses	$ 0.7	0.9
Credit loss	0.1	0.3	0.1
Depreciation expense	$ 11.7	10.1	10.1
Minimum | Patents and acquired technology
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life (in years)	7 years
Minimum | Customer relationships
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life (in years)	5 years
Minimum | Trade names
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life (in years)	7 years
Minimum | Non-competition agreements
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life (in years)	5 years
Maximum | Patents and acquired technology
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life (in years)	20 years
Maximum | Customer relationships
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life (in years)	15 years
Maximum | Trade names
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life (in years)	10 years
Maximum | Non-competition agreements
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life (in years)	10 years
Machinery and Equipment | Minimum
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life (in years)	7 years
Machinery and Equipment | Maximum
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life (in years)	15 years
Building and Building Improvements | Minimum
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life (in years)	20 years
Building and Building Improvements | Maximum
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life (in years)	40 years
Software
Summary of Significant Accounting Policies [Line Items]
Depreciation expense	$ 0.6	$ 0.7	$ 0.6
Software | Minimum
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Software | Maximum
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life (in years)	5 years

Revenues (Disaggregation of Rev

Revenues (Disaggregation of Revenue by Geographic Location) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 317,919	$ 269,812	$ 283,958
United States
Disaggregation of Revenue [Line Items]
Revenue	132,482	108,260	114,315
United Kingdom
Disaggregation of Revenue [Line Items]
Revenue	20,412	23,142	29,207
Other Europe
Disaggregation of Revenue [Line Items]
Revenue	67,911	54,685	59,999
Israel
Disaggregation of Revenue [Line Items]
Revenue	23,385	21,816	12,816
Asia
Disaggregation of Revenue [Line Items]
Revenue	59,878	43,430	44,817
Canada
Disaggregation of Revenue [Line Items]
Revenue	13,851	18,479	22,804
Sensors
Disaggregation of Revenue [Line Items]
Revenue	127,861	120,754	121,827
Sensors | United States
Disaggregation of Revenue [Line Items]
Revenue	39,845	39,624	47,220
Sensors | United Kingdom
Disaggregation of Revenue [Line Items]
Revenue	3,083	3,047	2,779
Sensors | Other Europe
Disaggregation of Revenue [Line Items]
Revenue	25,859	29,473	31,927
Sensors | Israel
Disaggregation of Revenue [Line Items]
Revenue	22,391	21,432	12,401
Sensors | Asia
Disaggregation of Revenue [Line Items]
Revenue	36,683	27,178	27,500
Sensors | Canada
Disaggregation of Revenue [Line Items]
Revenue	0	0	0
Weighing Solutions
Disaggregation of Revenue [Line Items]
Revenue	125,390	101,386	119,854
Weighing Solutions | United States
Disaggregation of Revenue [Line Items]
Revenue	52,542	46,980	54,679
Weighing Solutions | United Kingdom
Disaggregation of Revenue [Line Items]
Revenue	16,577	19,866	26,026
Weighing Solutions | Other Europe
Disaggregation of Revenue [Line Items]
Revenue	39,549	23,114	26,437
Weighing Solutions | Israel
Disaggregation of Revenue [Line Items]
Revenue	994	384	415
Weighing Solutions | Asia
Disaggregation of Revenue [Line Items]
Revenue	15,719	10,876	11,654
Weighing Solutions | Canada
Disaggregation of Revenue [Line Items]
Revenue	9	166	643
Measurement Systems
Disaggregation of Revenue [Line Items]
Revenue	64,668	47,672	42,277
Measurement Systems | United States
Disaggregation of Revenue [Line Items]
Revenue	40,095	21,656	12,416
Measurement Systems | United Kingdom
Disaggregation of Revenue [Line Items]
Revenue	752	229	402
Measurement Systems | Other Europe
Disaggregation of Revenue [Line Items]
Revenue	2,503	2,098	1,635
Measurement Systems | Israel
Disaggregation of Revenue [Line Items]
Revenue	0	0	0
Measurement Systems | Asia
Disaggregation of Revenue [Line Items]
Revenue	7,476	5,376	5,663
Measurement Systems | Canada
Disaggregation of Revenue [Line Items]
Revenue	$ 13,842	$ 18,313	$ 22,161

Revenues (Disaggregation of R_2

Revenues (Disaggregation of Revenue by Market Sector) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 317,919	$ 269,812	$ 283,958
Test & Measurement
Disaggregation of Revenue [Line Items]
Revenue	64,124	53,633	64,982
Avionics, Military & Space
Disaggregation of Revenue [Line Items]
Revenue	27,303	32,607	23,653
Transportation
Disaggregation of Revenue [Line Items]
Revenue	49,562	29,483	36,914
Other Markets
Disaggregation of Revenue [Line Items]
Revenue	71,577	58,256	50,169
Industrial Weighing
Disaggregation of Revenue [Line Items]
Revenue	50,626	43,441	54,678
General Industrial
Disaggregation of Revenue [Line Items]
Revenue	16,771	15,351	20,466
Steel
Disaggregation of Revenue [Line Items]
Revenue	$ 37,956	$ 37,041	$ 33,096

Revenues (Contract Assets and L

Revenues (Contract Assets and Liabilities) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Movement in Contract Assets and Liabilities [Roll Forward]
Unbilled revenue, beginning balance	$ 3,605
Increase (decrease) in unbilled revenue	(35)
Unbilled revenue, ending balance	3,570
Contract liability, beginning balance	2,873
Increase (decrease) in accrued customer advances	1,892
Contract liability, ending balance	$ 4,765

Revenues (Narrative) (Details)

Revenues (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Contract with customer, liability, revenue recognized	$ 2.7

Acquisition Activity (Narrative

Acquisition Activity (Narrative) (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Nov. 01, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Net earnings			$ 20,221	$ 10,787	$ 22,188
Amortization expense			3,300	$ 2,400	$ 1,700
DTS Acquisition
Business Acquisition [Line Items]
Purchase price	$ 47,216
Net revenues			19,200
Net earnings			1,200
Amortization of inventory step-up costs			2,700
Amortization expense			$ 800
DTS Acquisition | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets, useful life (in years)	15 years
DTS Acquisition | Technology-Based Intangible Assets
Business Acquisition [Line Items]
Finite-lived intangible assets, useful life (in years)	15 years
DSI Acquisition
Business Acquisition [Line Items]
Purchase price		$ 40,325
DSI Acquisition | Patents and Acquired Technology
Business Acquisition [Line Items]
Finite-lived intangible assets, useful life (in years)		16 years
DSI Acquisition | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets, useful life (in years)		15 years

Acquisition Activity - (Schedul

Acquisition Activity - (Schedule of Assets Acquired and Liabilities Assumed) - DTS (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intangible assets:
Goodwill		$ 45,830	$ 31,105	$ 35,018
DTS Acquisition
Business Acquisition [Line Items]
Working capital		12,587
Property and equipment		1,209
Long-term deferred income tax liability		(6,178)
Intangible assets:
Total intangible assets		23,695
Fair value of acquired identifiable assets and liabilities		31,313
Purchase price	$ 47,216
Goodwill		15,903
DTS Acquisition | Trade names
Intangible assets:
Total intangible assets		2,393
DTS Acquisition | Patents and acquired technology
Intangible assets:
Total intangible assets		13,167
DTS Acquisition | Customer relationships
Intangible assets:
Total intangible assets		$ 8,135

Acquisition Activity - (Sched_2

Acquisition Activity - (Schedule of Assets Acquired and Liabilities Assumed) - DSI (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Nov. 01, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intangible assets:
Goodwill			$ 45,830	$ 31,105	$ 35,018
DTS Acquisition
Business Acquisition [Line Items]
Working capital			12,587
Property and equipment			1,209
Long-term deferred income tax liability			(6,178)
Intangible assets:
Total intangible assets			23,695
Fair value of acquired identifiable assets and liabilities			31,313
Purchase price	$ 47,216
Goodwill			15,903
DTS Acquisition | Trade names
Intangible assets:
Total intangible assets			2,393
DTS Acquisition | Patents and acquired technology
Intangible assets:
Total intangible assets			13,167
DTS Acquisition | Customer relationships
Intangible assets:
Total intangible assets			$ 8,135
DSI Acquisition
Business Acquisition [Line Items]
Working capital		$ 6,740
Property and equipment		1,727
Long-term deferred income tax liability		(2,643)
Non-Controlling interest		(299)
Intangible assets:
Total intangible assets		17,894
Fair value of acquired identifiable assets and liabilities		23,419
Purchase price		40,325
Goodwill		16,906
DSI Acquisition | Trade names
Intangible assets:
Total intangible assets		3,300
DSI Acquisition | Patents and acquired technology
Intangible assets:
Total intangible assets		10,250
DSI Acquisition | Customer relationships
Intangible assets:
Total intangible assets		$ 4,344

Acquisition Activity (Schedule

Acquisition Activity (Schedule of Acquisition Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Acquisition costs	$ 1,198	$ 0	$ 443
DTS Acquisition
Business Acquisition [Line Items]
Acquisition costs	1,198
DSI Acquisition
Business Acquisition [Line Items]
Acquisition costs			443
Accounting and legal fees | DTS Acquisition
Business Acquisition [Line Items]
Acquisition costs	341
Accounting and legal fees | DSI Acquisition
Business Acquisition [Line Items]
Acquisition costs			214
Appraisal fees | DTS Acquisition
Business Acquisition [Line Items]
Acquisition costs	18
Appraisal fees | DSI Acquisition
Business Acquisition [Line Items]
Acquisition costs			13
Investment banker fees and insurance costs | DTS Acquisition
Business Acquisition [Line Items]
Acquisition costs	$ 839
Other | DSI Acquisition
Business Acquisition [Line Items]
Acquisition costs			$ 216

Acquisition Activity (Pro Forma

Acquisition Activity (Pro Forma Information) (Details) - DTS Acquisition - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Pro forma net revenues	$ 331,155	$ 301,577
Pro forma net earnings attributable to VPG stockholders	$ 25,109	$ 14,289
Pro forma basic earnings per share attributable to VPG stockholders (in dollars per share)	$ 1.84	$ 1.05
Pro forma diluted earnings per share attributable to VPG stockholders (in dollars per share)	$ 1.84	$ 1.05

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Jul. 03, 2021USD ($)	Dec. 31, 2021USD ($)reportingUnit	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 01, 2021USD ($)	Nov. 01, 2019USD ($)
Goodwill [Line Items]
Number of reporting units | reportingUnit		5
Goodwill, impairment		$ 1,126	$ 2,416
Goodwill		45,830	31,105	$ 35,018
Amortization expense		3,300	2,400	$ 1,700
DSI Acquisition
Goodwill [Line Items]
Goodwill						$ 16,906
Purchase price, intangible assets						17,894
DSI Acquisition | Customer relationships
Goodwill [Line Items]
Purchase price, intangible assets						4,344
Trade names
Goodwill [Line Items]
Indefinite-lived trade names		$ 7,717	5,423
Trade names | DSI Acquisition
Goodwill [Line Items]
Purchase price, intangible assets						$ 3,300
DSI Acquisition
Goodwill [Line Items]
Goodwill, fair value exceeds carrying value, percent		12.00%		12.00%
Intangible assets, fair value exceeds carrying value, percent		15.00%
Instrumentation
Goodwill [Line Items]
Goodwill, impairment	$ 1,100		$ 2,400
Goodwill		$ 0
Instrumentation | Trade names
Goodwill [Line Items]
Impairment of indefinite-lived intangible assets	$ 100
Indefinite-lived trade names		$ 300
DTS Acquisition | Customer relationships
Goodwill [Line Items]
Purchase price, intangible assets					$ 8,100
DTS Acquisition | Patents and acquired technology
Goodwill [Line Items]
Purchase price, intangible assets					13,200
DTS Acquisition | Trade names
Goodwill [Line Items]
Purchase price, intangible assets					$ 2,400

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Summary of Goodwill Activity) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Beginning balance	$ 31,105	$ 35,018
Adjustment to goodwill acquired		(1,700)
Impairment charges	(1,126)	(2,416)
Foreign currency translation adjustment	(52)	203
Goodwill acquired	15,903
Ending balance	45,830	31,105
KELK Acquisition | Measurement Systems
Goodwill [Roll Forward]
Beginning balance	6,726	6,559
Foreign currency translation adjustment	(20)	167
Ending balance	6,706	6,726
DSI Acquisition | Measurement Systems
Goodwill [Roll Forward]
Beginning balance	16,942	18,606
Adjustment to goodwill acquired		(1,700)
Foreign currency translation adjustment	(32)	36
Ending balance	16,910	16,942
Stress-Tek Acquisition | Measurement Systems
Goodwill [Roll Forward]
Beginning balance	6,311	6,311
Ending balance	6,311	6,311
Pacific Instruments Acquisition | Measurement Systems
Goodwill [Roll Forward]
Beginning balance	1,126	3,542
Impairment charges	(1,126)	(2,416)
Ending balance	0	$ 1,126
DTS Acquisition
Goodwill [Roll Forward]
Ending balance	15,903
DTS Acquisition | Measurement Systems
Goodwill [Roll Forward]
Goodwill acquired	15,903
Ending balance	$ 15,903

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Intangible assets subject to amortization
Intangible assets subject to amortization (Definite-lived)	$ 80,062	$ 59,871
Accumulated amortization	(35,342)	(33,255)
Net intangible assets subject to amortization	44,720	26,616
Intangible assets not subject to amortization
Intangible assets, net	52,437	32,039
Trade names
Intangible assets not subject to amortization
Intangible assets not subject to amortization (Indefinite-lived)	7,717	5,423
Patents and acquired technology
Intangible assets subject to amortization
Intangible assets subject to amortization (Definite-lived)	33,026	19,804
Accumulated amortization	(7,430)	(5,895)
Customer relationships
Intangible assets subject to amortization
Intangible assets subject to amortization (Definite-lived)	34,036	26,061
Accumulated amortization	(14,918)	(13,363)
Trade names
Intangible assets subject to amortization
Intangible assets subject to amortization (Definite-lived)	1,665	1,747
Accumulated amortization	(1,665)	(1,747)
Non-competition agreements
Intangible assets subject to amortization
Intangible assets subject to amortization (Definite-lived)	11,335	12,259
Accumulated amortization	$ (11,329)	$ (12,250)

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Estimated Annual Amortization Expense) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 3,873
2023	3,767
2024	3,734
2025	3,733
2026	$ 3,733

Restructuring Costs (Narrative)

Restructuring Costs (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 76	$ 918	$ 2,293
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring costs			1,200
Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 1,100

Restructuring Costs (Restructur

Restructuring Costs (Restructuring Activities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restructuring Charges [Abstract]
Restructuring reserve, beginning balance	$ 63
Restructuring costs	76	$ 918	$ 2,293
Restructuring reserve, ending balance	0	63
Employee Severance
Restructuring Charges [Abstract]
Restructuring costs			1,200
Cost Reduction Program | Employee Severance
Restructuring Charges [Abstract]
Restructuring reserve, beginning balance	63	604
Restructuring costs	76	918
Cash payments	(138)	(1,458)
Foreign currency translation	(1)	(1)
Restructuring reserve, ending balance	$ 0	$ 63	$ 604

Income Taxes (Components of Inc

Income Taxes (Components of Income Before Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Domestic	$ (5,956)	$ (9,476)	$ (7,405)
Foreign	31,868	27,785	33,845
Income before taxes	$ 25,912	$ 18,309	$ 26,440

Income Taxes (Expense (Benefit)

Income Taxes (Expense (Benefit) for Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ 245	$ 106	$ 453
State and local	38	(18)	(130)
Foreign	8,442	6,268	6,378
Current Income Tax Expense (Benefit)	8,725	6,356	6,701
Deferred:
Federal	(2,992)	1,718	(2,638)
State and local	(588)	(422)	(123)
Foreign	324	(143)	205
Deferred income tax expense (benefit)	(3,256)	1,153	(2,556)
Total income tax expense	$ 5,469	$ 7,509	$ 4,145

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Tax at statutory rate	$ 5,441	$ 3,845	$ 5,553
State income taxes, net of U.S. federal tax benefit	(391)	(176)	(21)
U.S. GILTI tax, net of foreign tax credits	77	0	0
Effect of foreign operations	2,096	729	(109)
Change in valuation allowance	(1,204)	2,448	(646)
Change in unrecognized tax benefits, net	107	(32)	650
Impairment of goodwill	237	507	0
Specialty tax credits	(333)	(249)	(176)
Statutory rate changes	(282)	(119)	(249)
Effect of foreign exchange	(35)	(346)	(1,152)
Loss of benefit of U.S. net operating loss	0	1,064	967
Excess tax benefits related to share based compensation	0	(168)	(357)
Other	(244)	6	(315)
Total income tax expense	$ 5,469	$ 7,509	$ 4,145

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended		12 Months Ended
	Jun. 30, 2021	Nov. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017
Income Taxes [Line Items]
GILTI tax recognized					$ 11,900	$ 14,300
U.S.tax on GILTI income, net of foreign tax credits					100
Deferred tax liabilities, gross			$ 13,844	$ 7,584	13,844	7,584
Valuation allowance adjustment					1,000
Valuation allowance			16,486	16,946	16,486	16,946
Undistributed earnings of foreign subsidiaries			213,900	178,200	213,900	178,200
Deferred tax liability, undistributed earnings of foreign subsidiaries								$ 1,800
Undistributed accumulated earnings of foreign subsidiary				14,100		14,100		$ 25,500
Unremitted earnings withholding taxes			1,500		1,500
Additional unremitted earnings withholding taxes			22,500		22,500
Net income taxes paid					7,700	4,300	$ 11,100
Unrecognized tax benefits, income tax penalties and interest accrued			100	0	100	0	0
Penalties and interest accrued			200	100	200	100	100
Unrecognized tax benefits that would impact effective tax rate			1,300	1,200	1,300	1,200	1,400
Reduction for settled tax examinations					0	73	$ 0
Maximum
Income Taxes [Line Items]
Expected change in unrecognized tax benefits statute lapse			300		300
State and Local Jurisdiction
Income Taxes [Line Items]
Valuation allowance			600	700	$ 600	700
State and Local Jurisdiction | Minimum
Income Taxes [Line Items]
Statutes of limitations range					3 years
State and Local Jurisdiction | Maximum
Income Taxes [Line Items]
Statutes of limitations range					4 years
Foreign Tax Authority
Income Taxes [Line Items]
Reduction for settled tax examinations			100	100
Foreign Tax Authority | Minimum
Income Taxes [Line Items]
Increase in unrecognized tax benefits is reasonably possible			100		$ 100
Statutes of limitations range					3 years
Foreign Tax Authority | Maximum
Income Taxes [Line Items]
Increase in unrecognized tax benefits is reasonably possible			200		$ 200
Statutes of limitations range					10 years
United States
Income Taxes [Line Items]
Valuation allowance			13,900	14,900	$ 13,900	14,900
United States | State and Local Jurisdiction
Income Taxes [Line Items]
Valuation allowance			9,648	9,090	9,648	9,090
Net Operating and Capital Loss Carryforward
Income Taxes [Line Items]
Valuation allowance			$ 2,600	2,000	$ 2,600	$ 2,000
DSI Acquisition
Income Taxes [Line Items]
Deferred tax liabilities, gross		$ 17,000
Deferred tax liabilities, intangible assets		4,100
Valuation allowance adjustment		$ (2,500)		$ 1,700
DTS Acquisition
Income Taxes [Line Items]
Deferred tax liabilities, gross	$ 26,400
Deferred tax liabilities, intangible assets	2,400
Valuation allowance adjustment	$ (1,600)

Income Taxes (Significant Compo

Income Taxes (Significant Components of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Pension and other postretirement costs	$ 3,580	$ 4,296
Inventories	2,659	2,327
Net operating/capital loss and interest carryforwards	13,562	13,082
Tax credit carryforwards	3,026	1,994
Deferred compensation	3,267	2,930
Other accruals and reserves	4,425	3,420
Book over tax depreciation		93
Total gross deferred tax assets	30,519	28,142
Less: valuation allowance	(16,486)	(16,946)
Deferred tax assets, net of valuation allowance	14,033	11,196
Deferred tax liabilities:
Tax over book depreciation	(780)	0
Investment in subsidiary	(1,958)	(1,927)
Intangible assets, including tax deductible goodwill	(11,106)	(5,657)
Total gross deferred tax liabilities	(13,844)	(7,584)
Net deferred tax assets	$ 189	$ 3,612

Income Taxes (Significant Valua

Income Taxes (Significant Valuation Allowances) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Tax Credit Carryforward [Line Items]
Valuation allowance	$ 16,486	$ 16,946
United States
Tax Credit Carryforward [Line Items]
Valuation allowance	13,900	14,900
Domestic Tax Authority | United States
Tax Credit Carryforward [Line Items]
Valuation allowance	4,233	5,816
State and Local Jurisdiction
Tax Credit Carryforward [Line Items]
Valuation allowance	600	700
State and Local Jurisdiction | United States
Tax Credit Carryforward [Line Items]
Valuation allowance	9,648	9,090
Capital Loss Carryforward | Israel
Tax Credit Carryforward [Line Items]
Valuation allowance	$ 1,537	$ 1,390

Income Taxes (Significant Net O

Income Taxes (Significant Net Operating Losses and Credit Carryforwards) (Details) $ in Thousands	Dec. 31, 2021USD ($)
United States | Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, not subject to expiration	$ 5,097
Interest expense carryover	4,169
United States | Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	2,336
United States | State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	110,725
Israel | Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 6,681

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of year	$ 1,244	$ 1,355	$ 912
Addition based on tax positions related to current year	52	51	144
Addition based on tax positions related to prior years	0	0	668
Reduction based on tax positions related to prior years	0	(57)	(32)
Currency translation adjustments	41	92
Currency translation adjustments			3
Reduction for settled tax examinations	0	(73)	0
Reduction for payments made	0	(22)	(134)
Reduction for lapses of statute of limitations	(55)	(102)	(206)
Balance at end of year	$ 1,282	$ 1,244	$ 1,355

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Other debt	$ 0	$ 18
Deferred financing costs	(286)	(374)
Long-Term Debt	60,714	40,644
Less: current portion	0	18
Long-term debt, less current portion	60,714	40,626
Revolving Credit Facility | 2020 Credit Agreement
Debt Instrument [Line Items]
Secured debt	$ 61,000	$ 41,000

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($)	Mar. 20, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Interest paid		$ 1,200,000	$ 1,300,000	$ 1,400,000
2020 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, accordion feature, increase limit	$ 25,000,000
2020 Credit Agreement | Base rate
Debt Instrument [Line Items]
Interest rate in addition to LIBOR	0.25%
2020 Credit Agreement | LIBOR Or CDOR | Minimum
Debt Instrument [Line Items]
Interest rate in addition to LIBOR	1.50%
Quarterly commitment fee	0.25%
2020 Credit Agreement | LIBOR Or CDOR | Maximum
Debt Instrument [Line Items]
Interest rate in addition to LIBOR	2.75%
Quarterly commitment fee	0.40%
2020 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Principle amount	$ 75,000,000
2020 Credit Agreement | Letter Of Credit
Debt Instrument [Line Items]
Principle amount	$ 10,000,000
Other Lines of Credit | Line of Credit
Debt Instrument [Line Items]
Principle amount		3,000,000	3,000,000
Letters of credit outstanding		$ 2,000,000	$ 400,000

Long-Term Debt (Maturity of Lon

Long-Term Debt (Maturity of Long-term Debt) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Debt Disclosure [Abstract]
2022	$ 0
2023	0
2024	0
2025	61,000
2026	0
Thereafter	$ 0

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021voteshares	Dec. 31, 2020shares
Class of Stock [Line Items]
Common stock, number of votes | vote	1
Preferred stock, shares authorized (in shares) | shares	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares) | shares	0
Common Class B
Class of Stock [Line Items]
Common stock, number of votes | vote	10
Conversion ratio	1

Stockholders' Equity (Component

Stockholders' Equity (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 257,857	$ 241,752	$ 218,453
Other comprehensive income (loss), before tax amount	(1,776)	4,687	(414)
Other comprehensive income (loss), tax effect	(561)	345	176
Other comprehensive income (loss)	(2,337)	5,032	(238)
Balance at end of period	277,042	257,857	241,752
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(32,671)	(37,703)	(37,465)
Other comprehensive income (loss)	(2,337)	5,032	(238)
Balance at end of period	(35,008)	(32,671)	(37,703)
Pension and other postretirement actuarial items
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(7,079)	(6,942)	(6,146)
Balance at end of period		(7,079)	(6,942)
Pension and other postretirement actuarial items, before reclassifications
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(7,543)	(7,262)
Other comprehensive income (loss), before reclassifications, before tax amount	2,332	(920)	(1,310)
Other comprehensive income (loss), before reclassifications, tax	(376)	319	194
Other comprehensive income (loss), before reclassifications, net of tax amount	1,956	(601)	(1,116)
Balance at end of period	(5,123)	(7,543)	(7,262)
Reclassification adjustment for recognition of actuarial items
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification adjustment, before tax amount	498	537	359
Reclassification adjustment, tax effect	(107)	(73)	(39)
Reclassification adjustment, net of tax amount	391	464	320
Foreign currency translation adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(25,592)	(31,588)	(31,319)
Other comprehensive income (loss), before reclassifications, before tax amount	(4,606)		(290)
Other comprehensive income (loss), before reclassifications, tax	(78)		21
Other comprehensive income (loss), before reclassifications, net of tax amount	(4,684)		(269)
Reclassification adjustment, before tax amount			827
Reclassification adjustment, tax effect
Reclassification adjustment, net of tax amount			827
Balance at end of period	(30,276)	(25,592)	(31,588)
Foreign currency translation adjustment, before reclassifications
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ (25,592)	(30,761)
Other comprehensive income (loss), before reclassifications, before tax amount		5,070
Other comprehensive income (loss), before reclassifications, tax		99
Other comprehensive income (loss), before reclassifications, net of tax amount		5,169
Balance at end of period		$ (25,592)	$ (30,761)

Pensions and Other Postretire_3

Pensions and Other Postretirement Benefits (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan, employer contribution in 2022	$ 1,300
Ultimate health care cost trend rate	3.94%
Defined contribution plan matching expense	$ 1,000	$ 800	$ 700
Accrued pension and other postretirement costs	12,253	16,687
Other Retirement Obligations
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actuarial gains adjustment	$ 591	$ 1,498
Ultimate health care cost trend rate	6.00%	5.40%
Other retirement obligations	$ 1,000	$ 1,000
Accrued pension and other postretirement costs	2,658	3,311
Other Retirement Obligations | Revision of Prior Period, Adjustment
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actuarial gains adjustment		763
United States | Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actuarial gains adjustment	103	(338)
Accrued pension and other postretirement costs	2,519	2,642
Foreign Plan | Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actuarial gains adjustment	792	(1,863)
Accrued pension and other postretirement costs	6,065	9,691
Nonqualified Plan | Deferred Compensation, Excluding Share-based Payments and Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Assets held-in-trust	4,200	3,700
Accrued pension and other postretirement costs	6,000	5,400
Unfunded Plan | Nonqualified Plan | United States | Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Assets held-in-trust	1,900	1,900
Non qualified pension plan liabilities	$ 2,600	$ 2,700

Pensions and Other Postretire_4

Pensions and Other Postretirement Benefits (Reconciliation of The Benefit Obligation, Plan Assets and Funded Status) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Change in plan assets:
Fair value of plan assets at beginning of year	$ 18,157
Fair value of plan assets at end of year	19,717	$ 18,157
Pension Plans | United States
Change in benefit obligation:
Benefit obligation at beginning of year	2,747	2,414
Service cost (adjusted for actual employee contributions)	0	0	$ 0
Interest cost	57	70	85
Contributions by participants	0	0	0
Actuarial (gains) losses	(103)	338
Benefits paid	(75)	(75)
Curtailments and settlements	0	0
Plan amendments and other	0	0
Currency translation	0	0
Benefit obligation at end of year	2,626	2,747	2,414
Change in plan assets:
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Company contributions	75	75
Benefits paid	(75)	(75)
Currency translation	0	0
Fair value of plan assets at end of year	0	0	0
Funded status at end of year	(2,626)	(2,747)
Pension Plans | Foreign Plan
Change in benefit obligation:
Benefit obligation at beginning of year	28,088	24,857
Service cost (adjusted for actual employee contributions)	379	402	336
Interest cost	353	442	535
Contributions by participants	0	0	0
Actuarial (gains) losses	(792)	1,863
Benefits paid	(851)	(659)
Curtailments and settlements	(108)	(95)
Plan amendments and other	(172)	0
Currency translation	(740)	1,278
Benefit obligation at end of year	26,157	28,088	24,857
Change in plan assets:
Fair value of plan assets at beginning of year	18,157	16,420
Actual return on plan assets	1,044	734
Company contributions	1,613	919
Benefits paid	(851)	(659)
Currency translation	(246)	743
Fair value of plan assets at end of year	19,717	18,157	16,420
Funded status at end of year	(6,440)	(9,931)
OPEB Plans
Change in benefit obligation:
Benefit obligation at beginning of year	3,577	4,633
Service cost (adjusted for actual employee contributions)	36	123	126
Interest cost	68	133	180
Contributions by participants	0	25
Actuarial (gains) losses	(591)	(1,498)
Benefits paid	(205)	(249)
Plan amendments and other	0	410
Benefit obligation at end of year	2,885	3,577	4,633
Change in plan assets:
Fair value of plan assets at beginning of year	0	0
Company contributions	205	224
Contributions by participants	0	25
Benefits paid	(205)	(249)
Fair value of plan assets at end of year	0	0	$ 0
Funded status at end of year	$ (2,885)	$ (3,577)

Pensions and Other Postretire_5

Pensions and Other Postretirement Benefits (Accrued Pension and Other Postretirement Costs) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Liability, defined benefit plan, noncurrent	$ (12,253)	$ (16,687)
Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
Liability, defined benefit plan, current	(107)	(105)
Liability, defined benefit plan, noncurrent	(2,519)	(2,642)
Accumulated other comprehensive (gain)/loss	693	823
Amounts recognized in consolidated balance sheets	(1,933)	(1,924)
Pension Plans | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Liability, defined benefit plan, current	(375)	(240)
Liability, defined benefit plan, noncurrent	(6,065)	(9,691)
Accumulated other comprehensive (gain)/loss	6,764	9,068
Amounts recognized in consolidated balance sheets	324	(863)
OPEB Plans
Defined Benefit Plan Disclosure [Line Items]
Liability, defined benefit plan, current	(227)	(266)
Liability, defined benefit plan, noncurrent	(2,658)	(3,311)
Accumulated other comprehensive (gain)/loss	(28)	583
Amounts recognized in consolidated balance sheets	$ (2,913)	$ (2,994)

Pensions and Other Postretire_6

Pensions and Other Postretirement Benefits (Unrecognized Actuarial Gains and Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
Unrecognized net actuarial loss	$ 693	$ 823
Unrecognized prior service cost	0	0
Benefit plans, accumulated other comprehensive income (loss) before tax	693	823
Pension Plans | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Unrecognized net actuarial loss	6,709	9,008
Unrecognized prior service cost	55	60
Benefit plans, accumulated other comprehensive income (loss) before tax	6,764	9,068
OPEB Plans
Defined Benefit Plan Disclosure [Line Items]
Unrecognized net actuarial loss	(28)	583
Benefit plans, accumulated other comprehensive income (loss) before tax	$ (28)	$ 583

Pensions and Other Postretire_7

Pensions and Other Postretirement Benefits (Projected and Accumulated Benefit Obligations) (Details) - Pension Plans - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
United States
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation, all plans	$ 2,626	$ 2,747
Plans for which the accumulated benefit obligation exceeds plan assets:
Projected benefit obligation	2,626	2,747
Accumulated benefit obligation	2,626	2,747
Fair value of plan assets	0	0
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation, all plans	23,796	25,148
Plans for which the accumulated benefit obligation exceeds plan assets:
Projected benefit obligation	23,451	25,107
Accumulated benefit obligation	22,634	24,099
Fair value of plan assets	$ 17,778	$ 16,259

Pensions and Other Postretire_8

Pensions and Other Postretirement Benefits (Components of Net Periodic Cost of Pension and Other Postretirement Benefit Plans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 468	$ 738	$ 643
Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
Annual service cost	0	0	0
Contributions by participants	0	0	0
Net service cost	0	0	0
Interest cost	57	70	85
Expected return on plan assets	0	0	0
Amortization of actuarial losses	27	109	38
Amortization of transition obligation	0	0	0
Curtailment and settlement losses	0	0	0
Net periodic benefit cost	84	179	123
Pension Plans | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Annual service cost	379	402	336
Contributions by participants	0	0	0
Net service cost	379	402	336
Interest cost	353	442	535
Expected return on plan assets	(393)	(442)	(517)
Amortization of actuarial losses	459	286	164
Amortization of transition obligation	(8)	5	1
Curtailment and settlement losses	(108)	0	0
Net periodic benefit cost	682	693	519
OPEB Plans
Defined Benefit Plan Disclosure [Line Items]
Contributions by participants	0	25
Net service cost	36	123	126
Interest cost	68	133	180
Amortization of actuarial losses	20	137	156
Net periodic benefit cost	$ 124	$ 393	$ 462

Pensions and Other Postretire_9

Pensions and Other Postretirement Benefits (Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Costs) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Health care trend rate, net periodic pension cost	3.94%
Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate, benefit obligation	2.53%	2.11%
Discount rate, net periodic pension cost	2.11%	2.97%
Pension Plans | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate, benefit obligation	1.66%	1.29%
Rate of compensation increase, benefit obligation	2.97%	2.77%
Expected return on plan assets, benefit obligation	2.10%	2.66%
Discount rate, net periodic pension cost	1.29%	1.86%
Rate of compensation increase, net periodic pension cost	2.77%	1.20%
Expected return on plan assets, net periodic pension cost	2.66%	3.56%
OPEB Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate, benefit obligation	2.46%	1.99%
Discount rate, net periodic pension cost	1.99%	2.97%
Health care trend rate, net periodic pension cost	6.00%	5.40%

Pensions and Other Postretir_10

Pensions and Other Postretirement Benefits (Plan Assets) (Details) - Pension Plans	Dec. 31, 2021	Dec. 31, 2020
United States
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0.00%	0.00%
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets	100.00%	100.00%
Equity securities | United States
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0.00%	0.00%
Equity securities | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets	47.00%	48.00%
Fixed income securities | United States
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0.00%	0.00%
Fixed income securities | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets	39.00%	39.00%
Cash and cash equivalents | United States
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0.00%	0.00%
Cash and cash equivalents | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets	14.00%	13.00%

Pensions and Other Postretir_11

Pensions and Other Postretirement Benefits (Fair Value of Plan Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	$ 19,717	$ 18,157
Level 1 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	1,577	1,678
Level 2 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	18,140	16,479
Level 3 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	0	0
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	9,262	8,779
Equity securities | Level 1 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	0	0
Equity securities | Level 2 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	9,262	8,779
Equity securities | Level 3 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	0	0
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	7,646	7,700
Fixed income securities | Level 1 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	0	0
Fixed income securities | Level 2 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	7,646	7,700
Fixed income securities | Level 3 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	0	0
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	2,809	1,678
Cash and cash equivalents | Level 1 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	1,577	1,678
Cash and cash equivalents | Level 2 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	1,232	0
Cash and cash equivalents | Level 3 Inputs
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan assets	$ 0	$ 0

Pensions and Other Postretir_12

Pensions and Other Postretirement Benefits (Estimated Future Benefit Payments) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
2022	$ 107
2023	138
2024	137
2025	137
2026	138
2025 - 2028	794
Pension Plans | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
2022	763
2023	1,129
2024	844
2025	1,216
2026	670
2025 - 2028	5,455
OPEB Plans
Defined Benefit Plan Disclosure [Line Items]
2022	227
2023	165
2024	198
2025	176
2026	178
2025 - 2028	$ 898

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) $ in Thousands	May 27, 2021USD ($)shares	Mar. 08, 2021USD ($)shares	Mar. 04, 2021USD ($)peopleshares	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) | shares				1,000,000		1,000,000
Number of shares available for grant (in shares) | shares				328,418		328,418
Net adjustment				$ 500
Deferred tax benefit						$ 400	$ 0	$ 100
Unrecognized share-based compensation expense				$ 1,900		$ 1,900
Unrecognized share-based compensation expense recognition period						1 year 6 months
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of people granted awards | people			3
Percentage of performance based units on total units approved			50.00%
Grant date fair value	$ 300	$ 600	$ 1,700
Number of RSUs, granted (in shares) | shares	9,936	17,793	52,486			80,000	79,000	73,000
Award vesting rights (percentage)			50.00%
Award vesting period		3 years	3 years
Fair value of RSU's vested						$ 2,500
Decrease in shared-based compensation expense						$ (2,244)	$ (1,387)	$ (1,336)
Restricted Stock Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of performance based units on total units approved		50.00%
Award vesting rights (percentage)		25.00%
Restricted Stock Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of performance based units on total units approved		75.00%
Award vesting rights (percentage)		50.00%
Scenario, Adjustment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Decrease in shared-based compensation expense					$ 100			$ 800

Share-Based Compensation (Restr

Share-Based Compensation (Restricted Stock Unit Activity) (Details) - Restricted Stock Units (RSUs) - $ / shares	May 27, 2021	Mar. 08, 2021	Mar. 04, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of RSUs
Number of RSUs, beginning of year (in shares)				205,000	212,000	265,000
Number of RSUs, granted (in shares)	9,936	17,793	52,486	80,000	79,000	73,000
Number of RSUs, vested (in shares)				(77,000)	(81,000)	(75,000)
Number of RSUs, forfeited (in shares)				(10,000)	(5,000)	(51,000)
Number of RSUs, end of year (in shares)				198,000	205,000	212,000
Weighted Average Grant-date Fair Value
Weighted average grant-date fair value, beginning of year (in dollars per share)				$ 28.23	$ 25.97	$ 17.64
Weighted average grant-date fair value, granted (in dollars per share)				33.13	24.16	35.27
Weighted average grant-date fair value, vested (in dollars per share)				25.87	19.02	15.27
Weighted average grant-date fair value, forfeited (in dollars per share)				29.43	15.75	11.49
Weighted average grant-date fair value, end of year (in dollars per share)				$ 31.07	$ 28.23	$ 25.97

Share-Based Compensation (Res_2

Share-Based Compensation (Restricted Stock Units Expected to Vest) (Details) - Performance Based Restricted Stock Units shares in Thousands	Dec. 31, 2021shares
Vesting on January 1, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected to Vest (in shares)	16
Not Expected to Vest (in shares)	30
Total (in shares)	46
Vesting on January 1, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected to Vest (in shares)	22
Not Expected to Vest (in shares)	22
Total (in shares)	44
Vesting on January 1, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected to Vest (in shares)	36
Not Expected to Vest (in shares)	0
Total (in shares)	36

Share-Based Compensation (Pre-T

Share-Based Compensation (Pre-Tax Share-Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units	$ 2,244	$ 1,387	$ 1,336

Commitments, Contingencies, a_3

Commitments, Contingencies, and Concentrations (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Concentration risk, benchmark description	No single customer comprises greater than 10% of net revenues.

Commitments, Contingencies, a_4

Commitments, Contingencies, and Concentrations (Geographic Concentrations) (Details)	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents by Region [Line Items]
Percentage of cash and cash equivalents by region	100.00%	100.00%
Asia
Cash and Cash Equivalents by Region [Line Items]
Percentage of cash and cash equivalents by region	24.00%	18.00%
United States
Cash and Cash Equivalents by Region [Line Items]
Percentage of cash and cash equivalents by region	13.00%	10.00%
Israel
Cash and Cash Equivalents by Region [Line Items]
Percentage of cash and cash equivalents by region	25.00%	26.00%
Europe
Cash and Cash Equivalents by Region [Line Items]
Percentage of cash and cash equivalents by region	18.00%	16.00%
United Kingdom
Cash and Cash Equivalents by Region [Line Items]
Percentage of cash and cash equivalents by region	12.00%	18.00%
Canada
Cash and Cash Equivalents by Region [Line Items]
Percentage of cash and cash equivalents by region	8.00%	12.00%

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Right-of-use asset obtained in exchange for operating lease liability	$ 10.7	$ 16.3
Operating lease, expense	$ 5.1	$ 4
Buildings and Vehicles | Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining term	1 year
Buildings and Vehicles | Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining term	15 years

Leases - Leases Recorded on the

Leases - Leases Recorded on the Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Operating lease right of use asset	$ 27,764	$ 21,788
Liabilities
Operating lease - current	4,610	4,011
Operating lease - non-current	$ 25,140	$ 19,504

Leases - Other Information Rela

Leases - Other Information Related to Leases (Details)	Dec. 31, 2021
Leases [Abstract]
Operating leases weighted average remaining lease term (years)	8 years 6 months
Operating leases weighted average discount rate (percent)	3.11%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 5,185	$ 4,389	$ 3,376
Variable lease cost	0	0	44
Short-term lease cost	141	124	87
Sublease income	(220)	0	0
Total net lease cost	$ 5,106	$ 4,513	$ 3,507

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 5,133
2023	4,661
2024	3,997
2025	3,443
2026	3,116
Thereafter	13,464
Total future minimum lease payments	33,814
Less: amount representing interest	(4,064)
Present value of future minimum lease payments	$ 29,750

Segment and Geographic Data (Na

Segment and Geographic Data (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment and Geographic Data (De

Segment and Geographic Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net revenues	$ 317,919	$ 269,812	$ 283,958
Gross profit	125,142	104,271	111,617
Segment operating income (loss)	27,372	22,657	28,648
Acquisition costs	1,198	0	443
Impairment of goodwill and indefinite-lived intangibles	1,223	2,440	0
Executive severance costs	0	0	611
Restructuring costs	76	918	2,293
Depreciation and amortization expense	14,996	12,507	11,795
Capital expenditures	17,567	24,327	10,529
Total assets	461,889	401,887	370,413
Sensors
Segment Reporting Information [Line Items]
Net revenues	127,861	120,754	121,827
Gross profit	45,474	47,530	49,166
Segment operating income (loss)	26,527	29,486	30,262
Acquisition costs	0		0
Impairment of goodwill and indefinite-lived intangibles	0	0
Executive severance costs			0
Restructuring costs	0	551	79
Depreciation and amortization expense	5,967	5,227	5,228
Capital expenditures	13,213	21,885	6,688
Total assets	142,510	138,932	96,316
Weighing Solutions
Segment Reporting Information [Line Items]
Net revenues	125,390	101,386	119,854
Gross profit	45,900	32,250	40,664
Segment operating income (loss)	23,184	12,145	19,121
Acquisition costs	0		0
Impairment of goodwill and indefinite-lived intangibles	0	0
Executive severance costs			0
Restructuring costs	76	234	2,041
Depreciation and amortization expense	3,415	3,291	3,475
Capital expenditures	3,434	1,961	2,729
Total assets	152,399	160,679	168,953
Measurement Systems
Segment Reporting Information [Line Items]
Net revenues	64,668	47,672	42,277
Gross profit	33,768	24,491	21,787
Segment operating income (loss)	13,480	11,763	10,191
Acquisition costs	1,198		443
Impairment of goodwill and indefinite-lived intangibles	1,223	2,440
Executive severance costs			0
Restructuring costs	0	51	7
Depreciation and amortization expense	3,834	2,653	1,809
Capital expenditures	913	468	1,074
Total assets	159,816	78,810	86,133
Operating Segments | Sensors
Segment Reporting Information [Line Items]
Net revenues	127,861	120,754	121,827
Operating Segments | Weighing Solutions
Segment Reporting Information [Line Items]
Net revenues	125,390	101,386	119,854
Operating Segments | Measurement Systems
Segment Reporting Information [Line Items]
Net revenues	64,668	47,672	42,277
Corporate/ Other
Segment Reporting Information [Line Items]
Net revenues		0	0
Gross profit		0	0
Segment operating income (loss)	(35,819)	(30,737)	(30,926)
Acquisition costs	0		0
Impairment of goodwill and indefinite-lived intangibles	0	0
Executive severance costs			611
Restructuring costs	0	82	166
Depreciation and amortization expense	1,780	1,336	1,283
Capital expenditures	7	13	38
Total assets	7,164	23,466	19,011
Intersegment revenues
Segment Reporting Information [Line Items]
Net revenues	(3,487)	(3,183)	(4,093)
Intersegment revenues | Sensors
Segment Reporting Information [Line Items]
Net revenues	3,487	3,183	4,067
Intersegment revenues | Weighing Solutions
Segment Reporting Information [Line Items]
Net revenues	0	0	26
Intersegment revenues | Measurement Systems
Segment Reporting Information [Line Items]
Net revenues	$ 0	$ 0	$ 0

Segment and Geographic Data (Op

Segment and Geographic Data (Operating Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Unallocated selling, general, and administrative expenses	$ (95,273)	$ (78,256)	$ (79,622)
Acquisition costs	(1,198)	0	(443)
Impairment of goodwill and indefinite-lived intangibles	(1,223)	(2,440)	0
Executive severance costs	0	0	(611)
Restructuring costs	(76)	(918)	(2,293)
Operating income	27,372	22,657	28,648
Corporate/ Other
Segment Reporting Information [Line Items]
Unallocated selling, general, and administrative expenses	(33,322)	(27,379)	(27,579)
Acquisition costs	0		0
Impairment of goodwill and indefinite-lived intangibles	0	0
Executive severance costs			(611)
Restructuring costs	0	(82)	(166)
Operating income	$ (35,819)	$ (30,737)	$ (30,926)

Segment and Geographic Data (Pr

Segment and Geographic Data (Property and Equipment, Net) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 81,220	$ 75,016
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	12,255	11,036
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	4,024	4,153
Other Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	1,774	1,813
Israel
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	41,540	38,339
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	20,057	17,953
Canada and Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 1,570	$ 1,722

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator for diluted earnings per share:
Net earnings attributable to VPG stockholders, basic	$ 20,221	$ 10,787	$ 22,188
Net earnings attributable to VPG stockholders, diluted	$ 20,221	$ 10,787	$ 22,188
Denominator:
Weighted average shares (in shares)	13,616	13,566	13,515
Effect of dilutive securities:
Restricted stock units (shares)	41	57	82
Dilutive potential common shares (in shares)	41	57	82
Denominator for diluted earnings per share:
Adjusted weighted average shares (in shares)	13,657	13,623	13,597
Basic earnings per share attributable to VPG stockholders (in dollars per share)	$ 1.49	$ 0.80	$ 1.64
Diluted earnings per share attributable to VPG stockholders (in dollars per share)	$ 1.48	$ 0.79	$ 1.63

Additional Financial Statemen_3

Additional Financial Statement Information (Other) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign exchange loss	$ (110)	$ (2,246)	$ (1,638)
Interest income	252	246	622
Pension expense	(468)	(738)	(643)
Other	96	(244)	958
Other nonoperating income (expense)	$ (230)	$ (2,982)	$ (701)

Additional Financial Statemen_4

Additional Financial Statement Information (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Balance Sheet Statements, Captions [Line Items]
Gain on liquidation of subsidiary	$ 0	$ 0	$ 827
Monthly deposits as percentage of monthly salary	8.33%
Executive severance costs	$ 0	0	$ 611
Other Liabilities
Condensed Balance Sheet Statements, Captions [Line Items]
Severance liability	$ 8,400	$ 8,300

Additional Financial Statemen_5

Additional Financial Statement Information (Other Accrued Expenses) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Customer advance payments	$ 4,765	$ 2,873
Accrued restructuring	0	63
Goods received, not yet invoiced	2,998	2,553
Accrued taxes, other than income taxes	1,425	1,223
Accrued commissions	2,605	2,144
Accrued professional fees	1,336	1,169
Accrued technical warranty	761	780
Current accrued pension and other post retirement costs	709	611
Other	2,997	2,427
Other accrued expenses	$ 17,596	$ 13,843

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	$ 6,158	$ 5,601
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	49	61
Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	6,109	5,540
Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trusts	$ 0	$ 0

Related Party Transactions (Det

Related Party Transactions (Details Textual) - Vishay Intertechnology	12 Months Ended
	Dec. 31, 2021board_memberfacility
Related Party Transaction [Line Items]
Number of common board members | board_member	3
Japan
Related Party Transaction [Line Items]
Manufacturing facility	1
United States
Related Party Transaction [Line Items]
Manufacturing facilities leased from related party	1

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Restricted Stock Units (RSUs) $ in Millions	Mar. 03, 2022USD ($)officershares	May 27, 2021USD ($)shares	Mar. 08, 2021USD ($)shares	Mar. 04, 2021USD ($)peopleshares	Dec. 31, 2021shares	Dec. 31, 2020shares	Dec. 31, 2019shares
Subsequent Event [Line Items]
Number of people granted awards | people				3
Percentage of performance based units on total units approved				50.00%
Grant date fair value | $		$ 0.3	$ 0.6	$ 1.7
Number of RSUs granted (in shares) | shares		9,936	17,793	52,486	80,000	79,000	73,000
Award vesting period			3 years	3 years
Executive Officer | Subsequent Event
Subsequent Event [Line Items]
Number of people granted awards | officer	3
Percentage of performance based units on total units approved	50.00%
Percentage of service based units on total units approved	50.00%
Grant date fair value | $	$ 1.5
Number of RSUs granted (in shares) | shares	47,831
Award vesting period	3 years