Bel Fuse (BELFB) 10-Q12 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	1-May-14	1-May-14
	Mar. 31, 2014	Class A Common Stock [Member]	Class B Common Stock [Member]
Entity Information [Line Items]	'	'	'
Entity Registrant Name	'BEL FUSE INC /NJ	'	'
Entity Central Index Key	'0000729580	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	2,174,912	9,333,677
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Mar-14	'	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash and cash equivalents	$53,906	$62,123
Accounts receivable - less allowance for doubtful accounts of $977 and $941 at March 31, 2014 and December 31, 2013, respectively	57,363	63,849
Inventories	67,976	70,019
Prepaid expenses and other current assets	4,072	3,519
Refundable income taxes	2,270	1,650
Deferred income taxes	2,518	2,995
Total Current Assets	188,105	204,155
Property, plant and equipment - net	39,344	40,896
Deferred income taxes	1,990	1,680
Intangible assets - net	28,987	29,472
Goodwill	18,641	18,490
Other assets	13,837	13,448
TOTAL ASSETS	290,904	308,141
Current Liabilities:	'	'
Accounts payable	23,192	29,518
Accrued expenses	16,521	22,442
Short-term borrowings under revolving credit line	4,000	12,000
Notes payable	688	739
Income taxes payable	1,445	1,496
Dividends payable	815	786
Total Current Liabilities	46,661	66,981
Long-term Liabilities:	'	'
Liability for uncertain tax positions	1,527	1,218
Minimum pension obligation and unfunded pension liability	11,103	10,830
Other long-term liabilities	417	410
Total Long-term Liabilities	13,047	12,458
Total Liabilities	59,708	79,439
Commitments and Contingencies	'	'
Stockholders' Equity:	'	'
Preferred stock, no par value, 1,000,000 shares authorized; none issued	0	0
Additional paid-in capital	19,460	18,914
Retained earnings	209,712	207,993
Accumulated other comprehensive loss	874	645
Total Stockholders' Equity	231,196	228,702
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	290,904	308,141
Class A [Member]	'	'
Stockholders' Equity:	'	'
Common Stock	217	217
Class B [Member]	'	'
Stockholders' Equity:	'	'
Common Stock	$933	$933

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current Assets	'	'
Accounts receivable, allowance for doubtful accounts	$977	$941
Stockholders' Equity:	'	'
Preferred stock, par value (in dollars per share)	$0	$0
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	0	0
Class A [Member]	'	'
Stockholders' Equity:	'	'
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, authorized (in shares)	10,000,000	10,000,000
Common stock, outstanding (in shares)	2,174,912	2,174,912
Common stock, treasury shares (in shares)	1,072,769	1,072,769
Class B [Member]	'	'
Stockholders' Equity:	'	'
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, authorized (in shares)	30,000,000	30,000,000
Common stock, outstanding (in shares)	9,333,677	9,335,677
Common stock, treasury shares (in shares)	3,218,307	3,218,307

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net Sales	$82,646	$63,028
Costs and expenses:	'	'
Cost of sales	68,576	53,932
Selling, general and administrative	11,189	10,399
Restructuring charge	0	124
Total costs and expenses	79,765	64,455
Income (loss) from operations	2,881	-1,427
Interest expense	-30	-3
Interest income and other, net	51	38
Earnings (loss) before provision (benefit) for income taxes	2,902	-1,392
Provision (benefit) for income taxes	399	-834
Net earnings (loss)	2,503	-558
Class A [Member]	'	'
Costs and expenses:	'	'
Net earnings (loss)	442	-112
Earnings (loss) per share:	'	'
Common share - basic and diluted (in dollars per share)	$0.20	($0.05)
Weighted-average shares outstanding:	'	'
Common share - basic and diluted (in shares)	2,174,912	2,174,912
Dividends paid per share:	'	'
Common share (in dollars per share)	$0.06	$0.06
Class B [Member]	'	'
Costs and expenses:	'	'
Net earnings (loss)	$2,061	($446)
Earnings (loss) per share:	'	'
Common share - basic and diluted (in dollars per share)	$0.22	($0.05)
Weighted-average shares outstanding:	'	'
Common share - basic and diluted (in shares)	9,334,955	9,221,104
Dividends paid per share:	'	'
Common share (in dollars per share)	$0.07	$0.07

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Loss) (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Loss) (Unaudited) [Abstract]	'	'
Net earnings (loss)	$2,503	($558)
Other comprehensive income:	'	'
Currency translation adjustment, net of taxes of $34, ($221), respectively	169	-1,413
Unrealized holding gains on marketable securities arising during the period, net of taxes of $17 and $52, respectively	28	85
Change in unfunded SERP liability, net of taxes of $14 and ($27), respectively	32	-61
Other comprehensive income (loss)	229	-1,389
Comprehensive income (loss)	$2,732	($1,947)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Loss) (Unaudited) (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Other comprehensive income:	'	'
Currency translation adjustment, tax	$34	($221)
Unrealized holding losses on marketable securities arising during the period, tax	17	52
Change in unfunded SERP liability, tax	$14	($27)

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net earnings (loss)	$2,503	($558)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:	'	'
Depreciation and amortization	3,406	2,220
Stock-based compensation	546	470
Other, net	220	255
Deferred income taxes	58	-859
Changes in operating assets and liabilities	-4,897	222
Net Cash Provided by Operating Activities	1,836	1,750
Cash flows from investing activities:	'	'
Purchase of property, plant and equipment	-1,242	-1,151
Payment for acquisitions, net of cash acquired	0	-14,121
Proceeds from disposal of property, plant and equipment	21	6
Net Cash Used in Investing Activities	-1,221	-15,266
Cash flows from financing activities:	'	'
Dividends paid to common shareholders	-755	-762
Repayments under revolving credit line	-8,000	0
Proceeds or Repayments of Notes Payable	-50	-79
Purchase and retirement of Class B common stock	0	-3,356
Net Cash Used In Financing Activities	-8,805	-4,197
Effect of exchange rate changes on cash	-27	-237
Net Decrease in Cash and Cash Equivalents	-8,217	-17,950
Cash and Cash Equivalents - beginning of period	62,123	71,262
Cash and Cash Equivalents - end of period	53,906	53,312
Changes in operating assets and liabilities consist of:	'	'
Decrease in accounts receivable	6,490	5,652
Decrease in inventories	2,052	237
Increase in prepaid expenses and other current assets	-555	-1,494
(Increase) decrease in other assets	-315	12
Decrease in accounts payable	-6,301	-2,170
Decrease in accrued expenses	-5,912	-2,104
Increase in other liabilities	8	7
Decrease in accrued restructuring costs	0	-122
(Decrease) increase in income taxes payable	-364	204
Changes in operating assets and liabilities	-4,897	222
Cash paid (received) during the period for:	'	'
Income taxes, net of refunds received	676	-237
Interest	11	3
Details of acquisitions:	'	'
Fair value of identifiable net assets acquired	0	28,108
Goodwill	0	1,240
Fair value of net assets acquired	0	29,348
Less: Cash acquired in acquisition	0	-8,388
Deferred consideration	0	-6,839
Cash paid for acquisitions, net of cash acquired	$0	$14,121

BASIS_OF_PRESENTATION_AND_ACCO

BASIS OF PRESENTATION AND ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
BASIS OF PRESENTATION AND ACCOUNTING POLICIES [Abstract]	'
BASIS OF PRESENTATION AND ACCOUNTING POLICIES	'
	1.	BASIS OF PRESENTATION AND ACCOUNTING POLICIES


	The condensed consolidated balance sheet as of March 31, 2014, and the condensed consolidated statements of operations, comprehensive income and cash flows for the periods presented herein have been prepared by Bel Fuse Inc. (the "Company" or "Bel") and are unaudited. In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for all periods presented have been made. The results for the three months ended March 31, 2014 should not be viewed as indicative of the Company's annual results or the Company's results for any other period. The information for the condensed consolidated balance sheet as of December 31, 2013 was derived from audited financial statements. These financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Bel Fuse Annual Report on Form 10-K for the year ended December 31, 2013.

	On March 9, 2012, the Company completed its acquisition of 100% of the issued and outstanding capital stock of GigaCom Interconnect AB ("GigaCom"). On July 31, 2012, the Company consummated its acquisition of 100% of the issued and outstanding capital stock of Fibreco Ltd. ("Fibreco"). On September 12, 2012, the Company completed its acquisition of 100% of the issued and outstanding capital stock of Powerbox Italia S.r.L ("Powerbox"). The acquisitions of GigaCom, Fibreco and Powerbox may hereafter be referred to collectively as either the "2012 Acquisitions" or the "2012 Acquired Companies". Accordingly, as of the respective acquisition dates, all of the assets acquired and liabilities assumed were recorded at their preliminary fair values. The accompanying condensed consolidated statement of operations for the three months ended March 31, 2013 has been restated to reflect immaterial measurement period adjustments related to the applicable 2012 Acquisitions.

	On March 29, 2013, the Company completed its acquisition of 100% of the issued and outstanding capital stock of Transpower Technologies (HK) Limited ("Transpower") and certain other tangible and intangible assets related to the Transpower magnetics business of TE Connectivity ("TRP"). On August 20, 2013, the Company completed its acquisition of 100% of the issued and outstanding capital stock of Array Connector Corporation ("Array"). The acquisitions of TRP and Array may hereafter be referred to collectively as either the "2013 Acquisitions" or the "2013 Acquired Companies". Accordingly, as of the respective acquisition dates, all of the assets acquired and liabilities assumed were recorded at their preliminary fair values. The accompanying condensed consolidated financial statements as of December 31, 2013 and for the three months ended March 31, 2013 have been restated to reflect immaterial measurement period adjustments related to the applicable 2013 Acquisitions. There were no operating activities related to either of the 2013 Acquisitions during the three months ended March 31, 2013. The Company's condensed consolidated results of operations for the three months ended March 31, 2014 include the operating results of the 2013 Acquisitions for the entire period.

	Recent Accounting Pronouncements

	The Company's significant accounting policies are summarized in Note 1 of the Company's Annual Report on Form 10-K for the year ended December 31, 2013. There were no significant changes to these accounting policies during the three months ended March 31, 2014. Recent accounting pronouncements adopted during the first three months of 2014 are as follows:

	Accounting Standards Update No. 2013-11 – Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU No. 2013-11")

	ASU No. 2013-11 provides guidance on financial statement presentation of an unrecognized tax benefit when a net operating loss ("NOL") carryforward, a similar tax loss, or a tax credit carryforward exists. The FASB's objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. This ASU applies to all entities with unrecognized tax benefits that also have tax loss or tax credit carryforwards in the same tax jurisdiction as of the reporting date. The guidance in ASU No. 2013-11 was effective for interim and annual periods beginning after December 15, 2013. The adoption of this ASU did not have a material impact on the Company's results of operations, financial condition or cash flows.

EARNINGS_LOSS_PER_SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
EARNINGS (LOSS) PER SHARE	Mar. 31, 2014
EARNINGS (LOSS) PER SHARE [Abstract]	'
EARNINGS (LOSS) PER SHARE	'
	2.	EARNINGS (LOSS) PER SHARE

	The Company utilizes the two-class method to report its earnings (loss) per share. The two-class method is an earnings (loss) allocation formula that determines earnings (loss) per share for each class of common stock according to dividends declared and participation rights in undistributed earnings (loss). The Company's Certificate of Incorporation, as amended, states that Class B common shares are entitled to dividends at least 5% greater than dividends paid to Class A common shares, resulting in the two-class method of computing earnings (loss) per share. In computing earnings (loss) per share, the Company has allocated dividends declared to Class A and Class B based on amounts actually declared for each class of stock and 5% more of the undistributed earnings (loss) have been allocated to Class B shares than to the Class A shares on a per share basis. Basic earnings (loss) per common share are computed by dividing net earnings (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per common share, for each class of common stock, are computed by dividing net earnings (loss) by the weighted-average number of common shares and potential common shares outstanding during the period. There were no potential common shares outstanding during the three months ended March 31, 2014 or March 31, 2013 which would have had a dilutive effect on earnings per share.

	The earnings and weighted-average shares outstanding used in the computation of basic and diluted earnings per share are as follows (dollars in thousands, except share and per share data):

			Three Months Ended
			March 31,
			2014		2013

	Numerator:
	Net earnings (loss)		$	2,503	$	(558	)
	Less Dividends declared:
	Class A			130		130
	Class B			654		632
	Undistributed earnings (loss)		$	1,719	$	(1,320	)

	Undistributed earnings (loss) allocation - basic and diluted:
	Class A undistributed earnings (loss)		$	312	$	(242	)
	Class B undistributed earnings (loss)			1,407		(1,078	)
	Total undistributed earnings (loss)		$	1,719	$	(1,320	)

	Net earnings (loss) allocation - basic and diluted:
	Class A net earnings (loss)		$	442	$	(112	)
	Class B net earnings (loss)			2,061		(446	)
	Net earnings (loss)		$	2,503	$	(558	)

	Denominator:
	Weighted-average shares outstanding:
	Class A common share - basic and diluted			2,174,912		2,174,912
	Class B common share - basic and diluted			9,334,955		9,221,104

	Earnings (loss) per share:
	Class A common share - basic and diluted		$	0.2	$	(0.05	)
	Class B common share - basic and diluted		$	0.22	$	(0.05	)

ACQUISITIONS

ACQUISITIONS	3 Months Ended
ACQUISITIONS	Mar. 31, 2014
ACQUISITIONS [Abstract]	'
ACQUISITIONS	'
	3. ACQUISITIONS

	On March 29, 2013, the Company completed its acquisition of TRP for $21.0 million, net of cash acquired. The Company's purchase of TRP consisted of the integrated connector module ("ICM") family of products, including RJ45, 10/100 Gigabit, 10G, PoE/PoE+, MRJ21 and RJ.5, a line of modules for smart-grid applications, and discrete magnetics.

	On August 20, 2013, the Company completed its acquisition of Array, a manufacturer of aerospace and mil-spec connector products based in Miami, Florida, for $10.0 million in cash. The acquisition of Array expands the Company's portfolio of connector products that can be offered to the combined customer base, and provides an opportunity to sell other products that Bel manufactures to Array's customers. Array has become part of Bel's Cinch Connector business.

	During the three months ended March 31, 2014 and 2013, the Company incurred less than $0.1 million and $0.3 million, respectively, of acquisition-related costs associated with the 2013 Acquisitions. These costs are included in selling, general and administrative expense in the accompanying condensed consolidated statements of operations for the three months ended March 31, 2014 and 2013.

	The purchase price allocations for TRP and Array were finalized during the first quarter of 2014. The following table depicts the finalized respective acquisition date fair values of the consideration paid and identifiable net assets acquired (in thousands):

		TRP									Array									2013 Acquisitions
					Measurement			March 29,						Measurement			August 20,			Acquisition-Date
		March 29,			Period			2013			August 20,			Period			2013			Fair Values
		2013			Adjustments			(As finalized)			2013			Adjustments			(As finalized)			(As finalized)
	Cash	$	8,388		$	-		$	8,388		$	-		$	-		$	-		$	8,388
	Accounts receivable		11,580			(39	)		11,541			994			-			994			12,535
	Inventories		6,258			1,097			7,355			2,588			(1,595	)		993			8,348
	Other current assets		1,953			(334	)		1,619			83			345			428			2,047
	Property, plant and equipment		4,693			1,097			5,790			2,285			1,225			3,510			9,300
	Intangible assets		-			6,110			6,110			-			1,470			1,470			7,580
	Other assets		1,151			198			1,349			84			1,663			1,747			3,096
	Total identifiable assets		34,023			8,129			42,152			6,034			3,108			9,142			51,294

	Accounts payable		(8,565	)		331			(8,234	)		(677	)		1			(676	)		(8,910	)
	Accrued expenses		(4,003	)		(462	)		(4,465	)		(206	)		(79	)		(285	)		(4,750	)
	Other current liabilities		(25	)		(734	)		(759	)		(214	)		214			-			(759	)
	Noncurrent liabilities		-			(586	)		(586	)		(643	)		(1,105	)		(1,748	)		(2,334	)
	Total liabilities assumed		(12,593	)		(1,451	)		(14,044	)		(1,740	)		(969	)		(2,709	)		(16,753	)
	Net identifiable assets acquired		21,430			6,678			28,108			4,294			2,139			6,433			34,541
	Goodwill		8,278			(7,038	)		1,240			5,666			(2,094	)		3,572			4,812
	Net assets acquired	$	29,708		$	(360	)	$	29,348		$	9,960		$	45		$	10,005		$	39,353


	Cash paid	$	22,400		$	6,948		$	29,348		$	9,960		$	45		$	10,005		$	39,353
	Assumption of severance payment		109			(109	)		-			-			-			-			-
	Fair value of consideration
	transferred		22,509			6,839			29,348			9,960			45			10,005			39,353
	Deferred consideration		7,199			(7,199	)		-			-			-			-			-
	Total consideration paid	$	29,708		$	(360	)	$	29,348		$	9,960		$	45		$	10,005		$	39,353

	The measurement period adjustments noted above primarily relate to adjustments to fair value based on the appraisals on inventory, property, plant and equipment, and intangible assets. In addition, various other asset and liability accounts had measurement period adjustments related to deferred taxes.

	The results of operations of the 2013 Acquired Companies have been included in the Company's consolidated financial statements for the period subsequent to their respective acquisition dates. During the three months ended March 31, 2014, the 2013 Acquired Companies contributed $17.9 million of revenue and $1.3 million of net earnings to the Company's consolidated financial results. There was no operating activity related to either of the 2013 Acquisitions during the three months ended March 31, 2013.

	The unaudited pro forma information below presents the combined operating results of the Company and the 2013 Acquired Companies. The unaudited pro forma results are presented for illustrative purposes only. They do not reflect the realization of any potential cost savings, or any related integration costs. Certain cost savings may result from the 2013 Acquisitions; however, there can be no assurance that these cost savings will be achieved. These pro forma results do not purport to be indicative of the results that would have actually been obtained if the 2013 Acquisitions had occurred as of January 1, 2012, nor is the pro forma data intended to be a projection of results that may be obtained in the future. The following unaudited pro forma consolidated results of operations assume that the acquisitions of the 2013 Acquired Companies were completed as of January 1, 2012. The 2013 unaudited pro forma net earnings were adjusted to exclude $0.3 million of acquisition-related costs ($0.3 million after tax) incurred during the first quarter of 2013 (dollars in thousands except per share data):

		Three Months Ended
		31-Mar-13

	Revenue	$	85,291
	Net earnings		2,368
	Earnings per Class A common share - basic and diluted		0.2
	Earnings per Class B common share - basic and diluted		0.21

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	4. FAIR VALUE MEASUREMENTS

	Fair value is defined as an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants based upon the best use of the asset or liability at the measurement date. Entities are required to use a fair value hierarchy which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value:

	Level 1 – Observable inputs such as quoted market prices in active markets

	Level 2 – Inputs other than quoted prices in active markets that are either directly or indirectly observable

	Level 3 – Unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions

	As of March 31, 2014 and December 31, 2013, the Company held certain financial assets that are measured at fair value on a recurring basis. These consisted of securities that are among the Company's investments in a rabbi trust which are intended to fund the Company's Supplemental Executive Retirement Plan ("SERP") obligations, and other marketable securities described below. The securities that are held in the rabbi trust are categorized as available-for-sale securities and are included as other assets in the accompanying condensed consolidated balance sheets at March 31, 2014 and December 31, 2013. The gross unrealized gains associated with the investments held in the rabbi trust were $0.5 million and $0.4 million at March 31, 2014 and December 31, 2013, respectively. Such unrealized gains are included, net of tax, in accumulated other comprehensive income.

	As of March 31, 2014 and December 31, 2013, the Company had marketable securities with a combined fair value of less than $0.1 million at each date, and gross unrealized gains of less than $0.1 million at each date. Such unrealized gains are included, net of tax, in accumulated other comprehensive income. The fair value of the equity securities is determined based on quoted market prices in public markets and is categorized as Level 1. The Company does not have any financial assets measured at fair value on a recurring basis categorized as Level 3, and there were no transfers in or out of Level 1, Level 2 or Level 3 during the first quarter of 2014. There were no changes to the Company's valuation techniques used to measure asset fair values on a recurring or nonrecurring basis during the first quarter of 2014.

	The following table sets forth by level, within the fair value hierarchy, the Company's financial assets accounted for at fair value on a recurring basis as of March 31, 2014 and December 31, 2013 (dollars in thousands).

				Assets at Fair Value Using
		Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	As of March 31, 2014
	Available-for-sale securities:
	Investments held in rabbi trust	$	3,359	$	3,359	$	-	$	-
	Marketable securities		4		4		-		-

	Total	$	3,363	$	3,363	$	-	$	-

	As of December 31, 2013
	Available-for-sale securities:
	Investments held in rabbi trust	$	3,313	$	3,313	$	-	$	-
	Marketable securities		3		3		-		-

	Total	$	3,316	$	3,316	$	-	$	-


	The Company has other financial instruments, such as cash equivalents, accounts receivable, notes receivable, accounts payable, notes payable and accrued expenses, which are not measured at fair value on a recurring basis but are recorded at amounts that approximate fair value due to their liquid or short-term nature. The Company did not have any other financial liabilities within the scope of the fair value disclosure requirements as of March 31, 2014 or December 31, 2013.

	Nonfinancial assets and liabilities, such as goodwill, indefinite-lived intangible assets and long-lived assets, are accounted for at fair value on a nonrecurring basis. These items are tested for impairment on the occurrence of a triggering event or, in the case of goodwill and indefinite-lived intangible assets, on at least an annual basis. There were no triggering events that occurred during the three months ended March 31, 2014 that would warrant interim impairment testing.

INVENTORIES

INVENTORIES	3 Months Ended
INVENTORIES	Mar. 31, 2014
INVENTORIES [Abstract]	'
INVENTORIES	'
	5. INVENTORIES

	The components of inventories are as follows (dollars in thousands):

		March 31,		December 31,
		2014		2013
	Raw materials	$	29,942	$	29,428
	Work in progress		8,636		8,783
	Finished goods		29,398		31,808
		$	67,976	$	70,019

BUSINESS_SEGMENT_INFORMATION

BUSINESS SEGMENT INFORMATION	3 Months Ended
BUSINESS SEGMENT INFORMATION	Mar. 31, 2014
BUSINESS SEGMENT INFORMATION [Abstract]	'
BUSINESS SEGMENT INFORMATION	'
	6. BUSINESS SEGMENT INFORMATION

	The Company operates in one industry with three reportable operating segments, which are geographic in nature. The segments consist of North America, Asia and Europe. The primary criteria by which financial performance is evaluated and resources are allocated are sales and income from operations. The following is a summary of key financial data (dollars in thousands):

		Three Months Ended
		March 31,
		2014			2013
	Total segment sales:
	North America	$	31,454		$	29,222
	Asia		49,891			32,725
	Europe		10,892			10,125
	Total segment sales		92,237			72,072
	Reconciling item:
	Intersegment sales		(9,591	)		(9,044	)
	Net sales	$	82,646		$	63,028

	Income (loss) from operations:
	North America	$	882		$	(1,482	)
	Asia		1,673			(666	)
	Europe		326			721
		$	2,881		$	(1,427	)


	The following items are included in the income (loss) from operations presented above:

	Recent Acquisitions – During the three months ended March 31, 2014, the acquisition of TRP contributed revenues of $15.6 million and income from operations of $1.4 million to the Company's Asia operating segment and revenues of $0.6 million and income from operations of $0.1 million to the Company's Europe operating segment. During the three months ended March 31, 2014, the acquisition of Array contributed revenues of $1.6 million and a loss from operations of $0.5 million to the Company's North America operating segment. There was no operating activity related to either of the 2013 Acquisitions during the three months ended March 31, 2013.

	Segment Sales – Segment sales are attributed to individual segments based on the geographic source of the billing for such customer sales. Transfers between geographic areas include finished products manufactured in foreign countries which are then transferred to the United States and Europe for sale; finished goods manufactured in the United States which are transferred to Europe and Asia for sale; and semi-finished components manufactured in the United States which are sold to Asia for further processing. Income (loss) from operations represents net sales less operating costs and expenses.

INCOME_TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2014
INCOME TAXES [Abstract]	'
INCOME TAXES	'
	7. INCOME TAXES

	At March 31, 2014 and December 31, 2013, the Company has approximately $2.3 million and $2.2 million, respectively, of liabilities for uncertain tax positions ($0.8 million and $1.0 million, respectively, included in income taxes payable and $1.5 million and $1.2 million, respectively, included in liability for uncertain tax positions) all of which, if recognized, would reduce the Company's effective tax rate.

	The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. The Company is no longer subject to U.S. federal examinations by tax authorities for years before 2010 and for state examinations before 2007. Regarding foreign subsidiaries, the Company is no longer subject to examination by tax authorities for years before 2008 in Asia and generally 2006 in Europe.

	As a result of the expiration of the statute of limitations for specific jurisdictions, it is reasonably possible that the related unrecognized benefits for tax positions taken regarding previously filed tax returns may change materially from those recorded as liabilities for uncertain tax positions in the Company's condensed consolidated financial statements at March 31, 2014. A total of $0.8 million of previously recorded liabilities for uncertain tax positions relates principally to the 2010 tax year. The statute of limitations related to these liabilities is scheduled to expire on September 15, 2014.

	The Company's policy is to recognize interest and penalties related to unrecognized tax benefits arising from uncertain tax positions as a component of the current provision for income taxes. During each of the three months ended March 31, 2014 and 2013, the Company recognized an immaterial amount of interest and penalties in the condensed consolidated statements of operations. The Company has approximately $0.2 million accrued for the payment of such interest and penalties at March 31, 2014 and December 31, 2013, a portion of which is included in each of income taxes payable and liability for uncertain tax positions in the accompanying condensed consolidated balance sheets at each date.

	Upon the acquisition of TRP, TRP had a deferred tax asset in the amount of $2.2 million arising from various timing differences related to depreciation and accrued expenses. Upon the acquisition of Array, Array had a deferred tax liability of $0.7 million arising from timing differences related to depreciation and a deferred tax asset of $2.1 million arising from the NOL acquired. In connection with the 2013 Acquisitions, the Company was required to complete a fair market value report of property, plant and equipment and intangibles. As a result of that report, the Company established deferred tax liabilities at the date of acquisition in the amount of $0.6 million and $1.0 million respectively for the TRP and Array acquisitions. At March 31, 2014, a net deferred tax asset of $1.9 million remains on the condensed consolidated balance sheet.

	The Company does not intend to make any election to step up the tax basis of the 2013 Acquisitions to fair value under IRC Section 338(g).

	On December 31, 2013, under the "American Taxpayer Relief Act" ("ATRA"), the Research and Experimentation credit ("R&E") expired. The Company did not recognize any R&E credits during the three months ended March 31, 2014. If the R&E credit is extended back to January 1, 2014, the Company will recognize the R&E credit at that time. The annual R&E credit is approximately $0.4 million. During the first quarter of 2013, the Company recognized a $0.4 million R&E credit from 2012 as an increase in the March 31, 2013 quarterly benefit for income taxes.

	The Company continues to monitor proposed legislation affecting the taxation of transfers of U.S. intangible property and other potential tax law changes.

ACCRUED_EXPENSES

ACCRUED EXPENSES	3 Months Ended
ACCRUED EXPENSES	Mar. 31, 2014
ACCRUED EXPENSES [Abstract]	'
ACCRUED EXPENSES	'
	8. ACCRUED EXPENSES

	Accrued expenses consist of the following (dollars in thousands):

		March 31,		December 31,
		2014		2013
	Sales commissions	$	1,378	$	1,431
	Subcontracting labor		2,201		2,406
	Salaries, bonuses and related benefits		8,706		13,674
	Litigation reserve		724		723
	Other		3,512		4,208
		$	16,521	$	22,442

DEBT

DEBT	3 Months Ended
	Mar. 31, 2014
DEBT [Abstract]	'
DEBT	'
	9.	DEBT

	At March 31, 2014 and December 31, 2013, the Company maintained a $30 million line of credit, which expires on October 14, 2016. The borrowings under the line of credit amounted to $4.0 million and $12.0 million at March 31, 2014 and December 31, 2013, respectively. At March 31, 2014 and December 31, 2013, the balance available under the credit agreement was $26.0 million and $18.0 million, respectively. Amounts outstanding under this line of credit are collateralized with a first priority security interest in 100% of the issued and outstanding shares of the capital stock of the Company's material domestic subsidiaries and 65% of all the issued and outstanding shares of the capital stock of certain of the foreign subsidiaries of the Company. The credit agreement bears interest at LIBOR plus 1.00% to 1.50% based on certain financial statement ratios maintained by the Company. The interest rate in effect on the borrowings outstanding at March 31, 2014 and December 31, 2013 was 1.4% at each date. The Company incurred interest expense of less than $0.1 million related to the borrowings under the credit agreement during the three months ended March 31, 2014. There was no interest expense related to the line of credit during the three months ended March 31, 2013 as there were no borrowings outstanding during that period. Under the terms of the credit agreement, the Company is required to maintain certain financial ratios and comply with other financial conditions. The Company was in compliance with its debt covenants as of March 31, 2014.

RETIREMENT_FUND_AND_PROFIT_SHA

RETIREMENT FUND AND PROFIT SHARING PLAN	3 Months Ended
RETIREMENT FUND AND PROFIT SHARING PLAN	Mar. 31, 2014
RETIREMENT FUND AND PROFIT SHARING PLAN [Abstract]	'
RETIREMENT FUND AND PROFIT SHARING PLAN	'
	10. RETIREMENT FUND AND PROFIT SHARING PLAN

	The Company maintains the Bel Fuse Inc. Employees' Savings Plan, a defined contribution plan that is intended to meet the applicable requirements for tax-qualification under sections 401(a) and (k) of the IRC. The Employees' Savings Plan allows eligible employees to voluntarily contribute a percentage of their eligible compensation, subject to Code limitations, which contributions are matched by the Company. The Company's matching contributions are equal to 100% of the first 1% of compensation contributed by participants, and 50% of the next 5% of compensation contributed by participants. The expense for the three months ended March 31, 2014 and 2013 amounted to approximately $0.2 million and $0.1 million, respectively. Prior to January 1, 2012, the plan's structure provided for a Company match and discretionary profit sharing contributions that were made in the form of the Company's common stock. As of March 31, 2014, the plan owned 14,899 and 186,030 shares of Bel Fuse Inc. Class A and Class B common stock, respectively.

	The Company also has a retirement fund in Asia which covers substantially all of its Hong Kong-based full-time employees. Eligible employees contribute up to 5% of salary to the fund. In addition, the Company must contribute a minimum of 5% of eligible salary, as determined by Hong Kong government regulations. The Company currently contributes 7% of eligible salary in cash or Company stock. The expense for the three months ended March 31, 2014 and 2013 amounted to approximately $0.1 million in each period. As of March 31, 2014, the plan owned 3,323 and 17,342 shares of Bel Fuse Inc. Class A and Class B common stock, respectively.

	The Company maintains a SERP plan, which is designed to provide a limited group of key management and highly compensated employees of the Company with supplemental retirement and death benefits.

	The components of SERP expense are as follows (dollars in thousands):

		Three Months Ended
		March 31,
		2014		2013
	Service cost	$	138	$	139
	Interest cost		135		112
	Amortization of adjustments		46		77
	Total SERP expense	$	319	$	328


		March 31,		December 31,
		2014		2013
	Balance sheet amounts:
	Minimum pension obligation
	and unfunded pension liability	$	11,103	$	10,830

	Amounts recognized in accumulated
	other comprehensive loss, pretax:
	Prior service cost	$	1,184	$	1,230
	Net loss		1,004		1,004
		$	2,188	$	2,234

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME	Mar. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME	'
	11. ACCUMULATED OTHER COMPREHENSIVE INCOME


	The components of accumulated other comprehensive income at March 31, 2014 and December 31, 2013 are summarized below (dollars in thousands):

		March 31,			December 31,
		2014			2013

	Foreign currency translation adjustment, net of taxes of $111 and $77
	at March 31, 2014 and December 31, 2013	$	2,073		$	1,904
	Unrealized holding gains on available-for-sale
	securities, net of taxes of $186 and $169 as of
	March 31, 2014 and December 31, 2013		310			282
	Unfunded SERP liability, net of taxes of ($679) and ($693) as
	of March 31, 2014 and December 31, 2013		(1,509	)		(1,541	)

	Accumulated other comprehensive income	$	874		$	645


	Changes in accumulated other comprehensive loss by component during the three months ended March 31, 2014 are as follows. All amounts are net of tax (dollars in thousands).

					Unrealized Holding
		Foreign Currency			Gains on
		Translation			Available-for-			Unfunded
		Adjustment			Sale Securities			SERP Liability			Total

	Balance at January 1, 2014	$	1,904		$	282		$	-1,541		$	645
	Other comprehensive income (loss) before reclassifications		169			28			-			197
	Amounts reclassified from accumulated other
	comprehensive income (loss)		-			-			32	(a)		32
	Net current period other comprehensive income (loss)		169			28			32			229

	Balance at March 31, 2014	$	2,073		$	310		$	-1,509		$	874

	(a) This reclassification relates to the amortization of prior service costs associated with the Company's SERP plan.
	This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	3 Months Ended
LEGAL PROCEEDINGS	Mar. 31, 2014
LEGAL PROCEEDINGS [Abstract]	'
LEGAL PROCEEDINGS	'
	12. LEGAL PROCEEDINGS

	The Company is party to a number of legal actions and claims, none of which individually or in the aggregate, in the opinion of management, are expected to have a material adverse effect on the Company's results of operations or financial position. See the Company's Annual Report on Form 10-K for the year ended December 31, 2013 for the details of all of Bel's material pending lawsuits. Certain developments that have arisen in legal proceedings subsequent to the filing of the Company's Annual Report on Form 10-K are described below.

	The Company was a defendant in a lawsuit captioned SynQor, Inc. v. Artesyn Technologies, Inc., et al. brought in the United States District Court, Eastern District of Texas in November 2007 ("SynQor I case"). The plaintiff alleged that eleven defendants, including Bel, infringed its patents covering certain power products. With respect to the Company, the plaintiff claimed that the Company infringed its patents related to unregulated bus converters and/or point-of-load (POL) converters used in intermediate bus architecture power supply systems. The case initially went to trial in December 2010. A decision was ultimately rendered in November 2013 in favor of the plaintiff, and the Company released a payment to SynQor of $10.9 million. The Company subsequently received a $2.1 million payment from one of its customers related to an indemnification agreement and reimbursement of certain legal fees.

	In a related matter, on September 29, 2011, the United States District Court for the Eastern District of Texas ordered SynQor, Inc.'s continuing causes of action for post-verdict damages to be severed from the original action and assigned to a new case number. The new action captioned SynQor, Inc. v. Artesyn Technologies, Inc., et al. (Case Number 2:11cv444) is a patent infringement action for damages in the form of lost profits and reasonable royalties for the period beginning January 24, 2011 ("SynQor II case"). SynQor, Inc. also seeks enhanced damages. The Company has an indemnification agreement in place with one of its customers specifically covering post-verdict damages related to this case. This case went to trial on July 30, 2013. In April 2014, a final judgment was rendered in this case, whereby the Company was assessed an additional $0.7 million in post-verdict damages. This amount was accrued at March 31, 2014, and is subject to reimbursement under the previously-mentioned indemnification agreement.

	The Company is a plaintiff in a lawsuit captioned Bel Fuse Inc. et al. v. Molex Inc. brought in the United District Court of New Jersey in April 2013. The Company claims that Molex infringed three of the Company's patents related to integrated magnetic connector products. Molex filed a motion to dismiss the complaint on August 6, 2013. The Company filed an amended complaint and response on August 20, 2013. Molex withdrew its original Motion to Dismiss and filed a second, revised Motion to Dismiss on September 6, 2013. The Company filed its response on October 7, 2013. There is no further update on this case as of the filing date of this Quarterly Report on Form 10-Q.

SUBSEQUENT_EVENT

SUBSEQUENT EVENT	3 Months Ended
SUBSEQUENT EVENT	Mar. 31, 2014
SUBSEQUENT EVENT [Abstract]	'
SUBSEQUENT EVENT	'
	13. SUBSEQUENT EVENT

	On April 25, 2014, the Company entered into a Stock and Asset Purchase Agreement with ABB Ltd. ("ABB") pursuant to which the Company has agreed to acquire the Power-One Power Solutions business from ABB for approximately $117.0 million in cash. This acquisition is expected to close at the end of the second quarter of 2014 and will be funded through bank borrowings and cash on hand.

BASIS_OF_PRESENTATION_AND_ACCO1

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Policies)	3 Months Ended
BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Policies)	Mar. 31, 2014
BASIS OF PRESENTATION AND ACCOUNTING POLICIES [Abstract]	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements

	The Company's significant accounting policies are summarized in Note 1 of the Company's Annual Report on Form 10-K for the year ended December 31, 2013. There were no significant changes to these accounting policies during the three months ended March 31, 2014. Recent accounting pronouncements adopted during the first three months of 2014 are as follows:

	Accounting Standards Update No. 2013-11 – Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU No. 2013-11")

	ASU No. 2013-11 provides guidance on financial statement presentation of an unrecognized tax benefit when a net operating loss ("NOL") carryforward, a similar tax loss, or a tax credit carryforward exists. The FASB's objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. This ASU applies to all entities with unrecognized tax benefits that also have tax loss or tax credit carryforwards in the same tax jurisdiction as of the reporting date. The guidance in ASU No. 2013-11 was effective for interim and annual periods beginning after December 15, 2013. The adoption of this ASU did not have a material impact on the Company's results of operations, financial condition or cash flows.

EARNINGS_LOSS_PER_SHARE_Tables

EARNINGS (LOSS) PER SHARE (Tables)	3 Months Ended
EARNINGS (LOSS) PER SHARE (Tables)	Mar. 31, 2014
EARNINGS (LOSS) PER SHARE [Abstract]	'
Earnings and weighted-average shares outstanding used in the computation of basic and diluted earnings per share	'
	The earnings and weighted-average shares outstanding used in the computation of basic and diluted earnings per share are as follows (dollars in thousands, except share and per share data):

		Three Months Ended
		March 31,
		2014		2013

	Numerator:
	Net earnings (loss)	$	2,503	$	(558	)
	Less Dividends declared:
	Class A		130		130
	Class B		654		632
	Undistributed earnings (loss)	$	1,719	$	(1,320	)

	Undistributed earnings (loss) allocation - basic and diluted:
	Class A undistributed earnings (loss)	$	312	$	(242	)
	Class B undistributed earnings (loss)		1,407		(1,078	)
	Total undistributed earnings (loss)	$	1,719	$	(1,320	)

	Net earnings (loss) allocation - basic and diluted:
	Class A net earnings (loss)	$	442	$	(112	)
	Class B net earnings (loss)		2,061		(446	)
	Net earnings (loss)	$	2,503	$	(558	)

	Denominator:
	Weighted-average shares outstanding:
	Class A common share - basic and diluted		2,174,912		2,174,912
	Class B common share - basic and diluted		9,334,955		9,221,104

	Earnings (loss) per share:
	Class A common share - basic and diluted	$	0.2	$	(0.05	)
	Class B common share - basic and diluted	$	0.22	$	(0.05	)

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	3 Months Ended
ACQUISITIONS (Tables)	Mar. 31, 2014
ACQUISITIONS [Abstract]	'
Schedule of acquisition date fair values of assets acquired and liabilities assumed	'
	The purchase price allocations for TRP and Array were finalized during the first quarter of 2014. The following table depicts the finalized respective acquisition date fair values of the consideration paid and identifiable net assets acquired (in thousands):

		TRP									Array									2013 Acquisitions
					Measurement			March 29,						Measurement			August 20,			Acquisition-Date
		March 29,			Period			2013			August 20,			Period			2013			Fair Values
		2013			Adjustments			(As finalized)			2013			Adjustments			(As finalized)			(As finalized)
	Cash	$	8,388		$	-		$	8,388		$	-		$	-		$	-		$	8,388
	Accounts receivable		11,580			(39	)		11,541			994			-			994			12,535
	Inventories		6,258			1,097			7,355			2,588			(1,595	)		993			8,348
	Other current assets		1,953			(334	)		1,619			83			345			428			2,047
	Property, plant and equipment		4,693			1,097			5,790			2,285			1,225			3,510			9,300
	Intangible assets		-			6,110			6,110			-			1,470			1,470			7,580
	Other assets		1,151			198			1,349			84			1,663			1,747			3,096
	Total identifiable assets		34,023			8,129			42,152			6,034			3,108			9,142			51,294

	Accounts payable		(8,565	)		331			(8,234	)		(677	)		1			(676	)		(8,910	)
	Accrued expenses		(4,003	)		(462	)		(4,465	)		(206	)		(79	)		(285	)		(4,750	)
	Other current liabilities		(25	)		(734	)		(759	)		(214	)		214			-			(759	)
	Noncurrent liabilities		-			(586	)		(586	)		(643	)		(1,105	)		(1,748	)		(2,334	)
	Total liabilities assumed		(12,593	)		(1,451	)		(14,044	)		(1,740	)		(969	)		(2,709	)		(16,753	)
	Net identifiable assets acquired		21,430			6,678			28,108			4,294			2,139			6,433			34,541
	Goodwill		8,278			(7,038	)		1,240			5,666			(2,094	)		3,572			4,812
	Net assets acquired	$	29,708		$	(360	)	$	29,348		$	9,960		$	45		$	10,005		$	39,353


	Cash paid	$	22,400		$	6,948		$	29,348		$	9,960		$	45		$	10,005		$	39,353
	Assumption of severance payment		109			(109	)		-			-			-			-			-
	Fair value of consideration
	transferred		22,509			6,839			29,348			9,960			45			10,005			39,353
	Deferred consideration		7,199			(7,199	)		-			-			-			-			-
	Total consideration paid	$	29,708		$	(360	)	$	29,348		$	9,960		$	45		$	10,005		$	39,353
Unaudited pro forma consolidated results of operations information	'
	The 2013 unaudited pro forma net earnings were adjusted to exclude $0.3 million of acquisition-related costs ($0.3 million after tax) incurred during the first quarter of 2013 (dollars in thousands except per share data):

		Three Months Ended
		31-Mar-13

	Revenue	$	85,291
	Net earnings		2,368
	Earnings per Class A common share - basic and diluted		0.2
	Earnings per Class B common share - basic and diluted		0.21

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
Financial assets accounted for at fair value on a recurring basis	'
	The following table sets forth by level, within the fair value hierarchy, the Company's financial assets accounted for at fair value on a recurring basis as of March 31, 2014 and December 31, 2013 (dollars in thousands).

				Assets at Fair Value Using
		Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	As of March 31, 2014
	Available-for-sale securities:
	Investments held in rabbi trust	$	3,359	$	3,359	$	-	$	-
	Marketable securities		4		4		-		-

	Total	$	3,363	$	3,363	$	-	$	-

	As of December 31, 2013
	Available-for-sale securities:
	Investments held in rabbi trust	$	3,313	$	3,313	$	-	$	-
	Marketable securities		3		3		-		-

	Total	$	3,316	$	3,316	$	-	$	-

INVENTORIES_Tables

INVENTORIES (Tables)	3 Months Ended
INVENTORIES (Tables)	Mar. 31, 2014
INVENTORIES [Abstract]	'
Components of inventories	'
	The components of inventories are as follows (dollars in thousands):

		March 31,		December 31,
		2014		2013
	Raw materials	$	29,942	$	29,428
	Work in progress		8,636		8,783
	Finished goods		29,398		31,808
		$	67,976	$	70,019

BUSINESS_SEGMENT_INFORMATION_T

BUSINESS SEGMENT INFORMATION (Tables)	3 Months Ended
BUSINESS SEGMENT INFORMATION (Tables)	Mar. 31, 2014
BUSINESS SEGMENT INFORMATION [Abstract]	'
Key financial data	'
	The following is a summary of key financial data (dollars in thousands):

		Three Months Ended
		March 31,
		2014			2013
	Total segment sales:
	North America	$	31,454		$	29,222
	Asia		49,891			32,725
	Europe		10,892			10,125
	Total segment sales		92,237			72,072
	Reconciling item:
	Intersegment sales		(9,591	)		(9,044	)
	Net sales	$	82,646		$	63,028

	Income (loss) from operations:
	North America	$	882		$	(1,482	)
	Asia		1,673			(666	)
	Europe		326			721
		$	2,881		$	(1,427	)

ACCRUED_EXPENSES_Tables

ACCRUED EXPENSES (Tables)	3 Months Ended
ACCRUED EXPENSES (Tables)	Mar. 31, 2014
ACCRUED EXPENSES [Abstract]	'
Accrued expenses	'
	Accrued expenses consist of the following (dollars in thousands):

		March 31,		December 31,
		2014		2013
	Sales commissions	$	1,378	$	1,431
	Subcontracting labor		2,201		2,406
	Salaries, bonuses and related benefits		8,706		13,674
	Litigation reserve		724		723
	Other		3,512		4,208
		$	16,521	$	22,442

RETIREMENT_FUND_AND_PROFIT_SHA1

RETIREMENT FUND AND PROFIT SHARING PLAN (Tables)	3 Months Ended
RETIREMENT FUND AND PROFIT SHARING PLAN (Tables)	Mar. 31, 2014
RETIREMENT FUND AND PROFIT SHARING PLAN [Abstract]	'
Components of SERP expense	'
	The components of SERP expense are as follows (dollars in thousands):

		Three Months Ended
		March 31,
		2014		2013
	Service cost	$	138	$	139
	Interest cost		135		112
	Amortization of adjustments		46		77
	Total SERP expense	$	319	$	328


		March 31,		December 31,
		2014		2013
	Balance sheet amounts:
	Minimum pension obligation
	and unfunded pension liability	$	11,103	$	10,830

	Amounts recognized in accumulated
	other comprehensive loss, pretax:
	Prior service cost	$	1,184	$	1,230
	Net loss		1,004		1,004
		$	2,188	$	2,234

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	Mar. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]	'
Components of accumulated other comprehensive loss	'
	The components of accumulated other comprehensive income at March 31, 2014 and December 31, 2013 are summarized below (dollars in thousands):

		March 31,			December 31,
		2014			2013

	Foreign currency translation adjustment, net of taxes of $111 and $77
	at March 31, 2014 and December 31, 2013	$	2,073		$	1,904
	Unrealized holding gains on available-for-sale
	securities, net of taxes of $186 and $169 as of
	March 31, 2014 and December 31, 2013		310			282
	Unfunded SERP liability, net of taxes of ($679) and ($693) as
	of March 31, 2014 and December 31, 2013		(1,509	)		(1,541	)

	Accumulated other comprehensive income	$	874		$	645

Changes in accumulated other comprehensive loss by component	'
	Changes in accumulated other comprehensive loss by component during the three months ended March 31, 2014 are as follows. All amounts are net of tax (dollars in thousands).

					Unrealized Holding
		Foreign Currency			Gains on
		Translation			Available-for-			Unfunded
		Adjustment			Sale Securities			SERP Liability			Total

	Balance at January 1, 2014	$	1,904		$	282		$	-1,541		$	645
	Other comprehensive income (loss) before reclassifications		169			28			-			197
	Amounts reclassified from accumulated other
	comprehensive income (loss)		-			-			32	(a)		32
	Net current period other comprehensive income (loss)		169			28			32			229

	Balance at March 31, 2014	$	2,073		$	310		$	-1,509		$	874

	(a) This reclassification relates to the amortization of prior service costs associated with the Company's SERP plan.
	This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment

BASIS_OF_PRESENTATION_AND_ACCO2

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Details)	0 Months Ended
	Mar. 09, 2012	Sep. 12, 2012	Jul. 31, 2012	Mar. 29, 2013	Aug. 20, 2013
	GigaCom Interconnect [Member]	Powerbox [Member]	Fibreco [Member]	TRP [Member]	Array [Member]
Business Acquisition [Line Items]	'	'	'	'	'
Acquisition date	9-Mar-12	12-Sep-12	31-Jul-12	29-Mar-13	20-Aug-13
Acquisition of issued and outstanding capital stock (in hundredths)	100.00%	100.00%	100.00%	100.00%	100.00%

EARNINGS_LOSS_PER_SHARE_Detail

EARNINGS (LOSS) PER SHARE (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share by Two Class Method [Line Items]	'	'
Undistributed earning allocation rate of Class B common stock in excess of Class A common stock (in hundredths)	5.00%	5.00%
Numerator [Abstract]	'	'
Net earnings (loss)	$2,503	($558)
Undistributed earnings (loss)	1,719	-1,320
Undistributed earnings allocation - basic and diluted [Abstract]	'	'
Total undistributed earnings	1,719	-1,320
Net earnings (loss) allocation - basic and diluted [Abstract]	'	'
Net earnings (loss)	2,503	-558
Class A [Member]	'	'
Numerator [Abstract]	'	'
Net earnings (loss)	442	-112
Less Dividends declared:	130	130
Undistributed earnings allocation - basic and diluted [Abstract]	'	'
Total undistributed earnings	312	-242
Net earnings (loss) allocation - basic and diluted [Abstract]	'	'
Net earnings (loss)	442	-112
Weighted-average shares outstanding [Abstract]	'	'
Common share - basic and diluted (in shares)	2,174,912	2,174,912
Earnings per share:	'	'
Common share - basic and diluted (in dollars per share)	$0.20	($0.05)
Class B [Member]	'	'
Earnings Per Share by Two Class Method [Line Items]	'	'
Dividend rate Class B common stock in excess of dividend rate of Class A common stock (in hundredths)	5.00%	5.00%
Numerator [Abstract]	'	'
Net earnings (loss)	2,061	-446
Less Dividends declared:	654	632
Undistributed earnings allocation - basic and diluted [Abstract]	'	'
Total undistributed earnings	1,407	-1,078
Net earnings (loss) allocation - basic and diluted [Abstract]	'	'
Net earnings (loss)	$2,061	($446)
Weighted-average shares outstanding [Abstract]	'	'
Common share - basic and diluted (in shares)	9,334,955	9,221,104
Earnings per share:	'	'
Common share - basic and diluted (in dollars per share)	$0.22	($0.05)

ACQUISITIONS_Details

ACQUISITIONS (Details) (USD $)

3 Months Ended

0 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 29, 2013

Aug. 20, 2013

Mar. 31, 2014

Mar. 31, 2013

Acquisition Date Fair Values (As finalized) [Member]

Class A [Member]

Class B [Member]

North America [Member]

Europe [Member]

TRP [Member]

Array [Member]

Acquired Companies [Member]

Acquisition Date Fair Values [Member]

Measurement Period Adjustments [Member]

Acquisition Date Fair Values [Member]

Measurement Period Adjustments [Member]

Acquired assets and liabilities [Line Items]

Payment for acquisitions, net of cash acquired

$14,121,000

$21,000,000

$10,000,000

Acquisition-related costs

100,000

300,000

Revenues

82,646,000

63,028,000

31,454,000

29,222,000

10,892,000

10,125,000

17,900,000

Net (loss) earnings

2,503,000

-558,000

442,000

-112,000

2,061,000

-446,000

1,300,000

Business combination acquisition related costs, after tax

300,000

Assets acquired [Abstract]

Cash

8,388,000

[1]

8,388,000

Accounts receivable

12,535,000

11,580,000

11,541,000

-39,000

994,000

Inventories

8,348,000

[2]

6,258,000

7,355,000

1,097,000

2,588,000

993,000

-1,595,000

Other current assets

2,047,000

[3]

1,953,000

1,619,000

-334,000

83,000

428,000

345,000

Property, plant and equipment

9,300,000

4,693,000

5,790,000

1,097,000

2,285,000

3,510,000

1,225,000

Intangible assets

7,580,000

6,110,000

1,470,000

Other assets

3,096,000

1,151,000

1,349,000

198,000

84,000

1,747,000

1,663,000

Total identifiable assets

51,294,000

34,023,000

42,152,000

8,129,000

6,034,000

9,142,000

3,108,000

Liabilities assumed [Abstract]

Accounts payable

-8,910,000

-8,565,000

-8,234,000

331,000

-677,000

-676,000

1,000

Accrued expenses

-4,750,000

-4,003,000

-4,465,000

-462,000

-206,000

-285,000

-79,000

Other current liabilities

-759,000

-25,000

-759,000

-734,000

-214,000

214,000

Noncurrent liabilities

-2,334,000

-586,000

-643,000

-1,748,000

-1,105,000

Total liabilities assumed

-16,753,000

[4]

-12,593,000

-14,044,000

-1,451,000

-1,740,000

-2,709,000

-969,000

Net identifiable assets acquired

34,541,000

21,430,000

28,108,000

6,678,000

4,294,000

6,433,000

2,139,000

Goodwill

4,812,000

8,278,000

1,240,000

-7,038,000

5,666,000

3,572,000

-2,094,000

Net assets acquired

39,353,000

29,708,000

29,348,000

-360,000

9,960,000

10,005,000

45,000

Consideration transferred [Abstract]

Cash Paid

39,353,000

22,400,000

29,348,000

6,948,000

9,960,000

10,005,000

45,000

Assumption of severance payment

109,000

-109,000

Fair value of consideration transferred

39,353,000

22,509,000

29,348,000

6,839,000

9,960,000

10,005,000

45,000

Deferred consideration

-6,839,000

7,199,000

-7,199,000

Total consideration paid

39,353,000

29,708,000

29,348,000

-360,000

9,960,000

10,005,000

45,000

Unaudited Pro forma Consolidated Results of Operations [Abstract]

Revenue

85,291,000

Net earnings

$2,368,000

Earnings per common share - basic and diluted (in dollars per share)

$0.20

$0.21

[1]

The determination of fair value related to the inventory acquired was still in progress as of the date of this filing. The amount above represents only the carrying value of the inventory on TRPbs balance sheet as of the acquisition date. The measurement period adjustment noted above for inventory relates to additional inventory received from TE, as well as inventory on customer consignments that was not previously accounted for.

[2]

The appraisals related to machinery and equipment acquired were incomplete as of this filing date and, as such, the amount noted above represents only the carrying value of those assets on TRPbs balance sheet as of the acquisition date. The measurement period adjustment noted above for property, plant and equipment relates to equipment that could not be located upon a physical inventory of the assets acquired.

[3]

The Company has identified certain intangible assets related to the TRP acquisition, including technology, license agreements and customer lists, which are being valued by a third-party appraiser. These appraisals were not complete as of the date of this filing.

[4]

The amount of goodwill is provisional as of the filing date, as the fair value determination of inventory acquired, and appraisals related to property, plant and equipment and various intangible assets are still underway. As the final amount of goodwill has not yet been determined or allocated by segment, the Company is unable to determine at this time the portion of goodwill, if any, that will be deductible for tax purposes.

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)

3 Months Ended

12 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

SERP [Member]

Recurring [Member]

Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]

Significant Other Observable Inputs (Level 2) [Member]

Significant Unobservable Inputs (Level 3) [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Combined fair value of available-for-sale securities

$100,000

Gross unrealized gains

100,000

Gross unrealized gains associated with the investment held in the rabbi trust

28,000

85,000

500,000

400,000

Financial Assets Fair Value [Abstract]

Investments held in rabbi trust

3,359,000

3,313,000

3,359,000

3,313,000

Marketable Securities

4,000

3,000

4,000

3,000

Total

$3,363,000

$3,316,000

$3,363,000

$3,316,000

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Components of inventories [Abstract]	'	'
Raw materials	$29,942	$29,428
Work in progress	8,636	8,783
Finished goods	29,398	31,808
Inventories	$67,976	$70,019

BUSINESS_SEGMENT_INFORMATION_D

BUSINESS SEGMENT INFORMATION (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
	Segment	Industry
	Industry	Segment
BUSINESS SEGMENT INFORMATION [Abstract]	'	'
Number of industry in which entity operates	1	1
Number of reportable operating segments	3	3
Summary of key financial data [Abstract]	'	'
Net Sales	$82,646,000	$63,028,000
Income from operations [Abstract]	'	'
Income (loss) from operations	2,881,000	-1,427,000
North America [Member]	'	'
Summary of key financial data [Abstract]	'	'
Net Sales	31,454,000	29,222,000
Income from operations [Abstract]	'	'
Income (loss) from operations	882,000	-1,482,000
Combined revenue from acquired companies	1,600,000	'
Combined income from operations from acquired companies	-500,000	'
Asia [Member]	'	'
Summary of key financial data [Abstract]	'	'
Net Sales	49,891,000	32,725,000
Income from operations [Abstract]	'	'
Income (loss) from operations	1,673,000	-666,000
Combined revenue from acquired companies	15,600,000	'
Combined income from operations from acquired companies	1,400,000	'
Europe [Member]	'	'
Summary of key financial data [Abstract]	'	'
Net Sales	10,892,000	10,125,000
Income from operations [Abstract]	'	'
Income (loss) from operations	326,000	721,000
Combined revenue from acquired companies	600,000	'
Combined income from operations from acquired companies	100,000	'
Total Segment Sales [Member]	'	'
Summary of key financial data [Abstract]	'	'
Net Sales	92,237,000	72,072,000
Intersegment Elimination [Member]	'	'
Summary of key financial data [Abstract]	'	'
Net Sales	($9,591,000)	($9,044,000)

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Income Taxes [Line Items]	'	'	'
Liability for uncertain tax position that would impact effective tax rate	$2.30	'	$2.20
Uncertain tax positions included in income taxes payable	0.8	'	1
Liability for uncertain tax positions	1.5	'	1.2
Prior year liability uncertain tax positions relating to 2010	0.8	'	'
Accrued interest and penalties uncertain tax positions	0.2	'	0.2
Deferred tax assets	1.9	'	'
Expected increase in income tax benefit	0.4	'	'
Increase in income tax benefit	'	0.4	'
TRP [Member]	'	'	'
Income Taxes [Line Items]	'	'	'
Deferred tax liabilities at the date of acquisition	0.6	'	'
Deferred tax assets	2.2	'	'
Array [Member]	'	'	'
Income Taxes [Line Items]	'	'	'
Deferred tax liability	0.7	'	'
Deferred tax liabilities at the date of acquisition	1	'	'
Deferred tax assets	$2.10	'	'

ACCRUED_EXPENSES_Details

ACCRUED EXPENSES (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accrued expenses [Abstract]	'	'
Sales commissions	$1,378	$1,431
Subcontracting labor	2,201	2,406
Salaries, bonuses and related benefits	8,706	13,674
Litigation reserve	724	723
Other	3,512	4,208
Accrued expenses	$16,521	$22,442

DEBT_Details

DEBT (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Line of Credit [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Available line of credit	$30	$30
Line of credit facility, expiration date	14-Oct-16	'
Percentage of capital stock of domestic subsidiaries given as collateralized security to line of credit (in hundredths)	100.00%	'
Percentage of capital stock of foreign subsidiaries given as collateralized security to line of credit (in hundredths)	65.00%	'
Line of credit, amount outstanding	4	12
Line of credit, current borrowing capacity	26	18
Interest rate on borrowings outstanding (in hundredths)	1.40%	1.40%
Interest expense incurred	$0.10	'
Minimum [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Basis spread on variable rate (in hundredths)	'	1.00%
Maximum [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Basis spread on variable rate (in hundredths)	'	1.50%

RETIREMENT_FUND_AND_PROFIT_SHA2

RETIREMENT FUND AND PROFIT SHARING PLAN (Details) (USD $)	3 Months Ended
RETIREMENT FUND AND PROFIT SHARING PLAN (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Balance sheet amounts [Abstract]	'	'	'
Minimum pension obligation and unfunded pension liability	$11,103,000	'	$10,830,000
SERP [Member]	'	'	'
Components of SERP expense [Abstract]	'	'	'
Service cost	138,000	139,000	'
Interest cost	135,000	112,000	'
Amortization of adjustments	46,000	77,000	'
Total SERP expense	319,000	328,000	'
Balance sheet amounts [Abstract]	'	'	'
Minimum pension obligation and unfunded pension liability	11,103,000	'	10,830,000
Amounts recognized in accumulated other comprehensive loss, pretax [Abstract]	'	'	'
Prior service cost	1,184,000	'	1,230,000
Net gains	1,004,000	'	1,004,000
Total amounts recognized in accumulated other comprehensive loss	2,188,000	'	2,234,000
401(k) Plan [Member]	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Employer match of the first 1% of compensation contributed by participants (in hundredths)	100.00%	'	'
Percentage of participant contribution under condition one (in hundredths)	1.00%	'	'
Employer match of the next 5% compensation contributed by participants (in hundredths)	50.00%	'	'
Percentage of employee deferrals under condition two (in hundredths)	5.00%	'	'
Compensation expense	200,000	100,000	'
401(k) Plan [Member] \| Class A [Member]	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Shares owned by plan (in shares)	14,899	'	'
401(k) Plan [Member] \| Class B [Member]	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Shares owned by plan (in shares)	186,030	'	'
Non-defined Retirement Fund [Member]	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Maximum annual contribution by eligible employee (in hundredths)	5.00%	'	'
Minimum employer contribution to plan (in hundredths)	5.00%	'	'
Employer contribution of eligible salary (in hundredths)	7.00%	'	'
Compensation expense	$100,000	$100,000	'
Non-defined Retirement Fund [Member] \| Class A [Member]	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Shares owned by plan (in shares)	3,323	'	'
Non-defined Retirement Fund [Member] \| Class B [Member]	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Shares owned by plan (in shares)	17,342	'	'

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Accumulated other comprehensive loss [Abstract]	'		'
Foreign currency translation adjustment, net of taxes of ($111) and ($77) at March 31,2014 and December 31,2013	$2,073		$1,904
Unrealized holding gains on available-for-sale securities, net of taxes of $186 and $169 as of March 31, 2014 and December 31, 2013	310		282
Unfunded SERP liability, net of taxes of ($679) and ($693) as of March 31, 2014 and December 31, 2013	-1,509		-1,541
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]	'		'
Balance at beginning of period	645		'
Other comprehensive income (loss) before reclassifications	197		'
Amounts reclassified from accumulated other comprehensive income (loss)	32		'
Net current period other comprehensive income (loss)	229		'
Balance at end of period	874		'
Foreign Currency Translation Adjustment [Member]	'		'
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]	'		'
Balance at beginning of period	1,904		'
Other comprehensive income (loss) before reclassifications	169		'
Amounts reclassified from accumulated other comprehensive income (loss)	0		'
Net current period other comprehensive income (loss)	169		'
Balance at end of period	2,073		'
Unrealized Holding Gains on Available-for-Sale Securities [Member]	'		'
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]	'		'
Balance at beginning of period	282		'
Other comprehensive income (loss) before reclassifications	28		'
Amounts reclassified from accumulated other comprehensive income (loss)	0		'
Net current period other comprehensive income (loss)	28		'
Balance at end of period	310		'
Unfunded SERP Liability [Member]	'		'
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]	'		'
Balance at beginning of period	-1,541		'
Other comprehensive income (loss) before reclassifications	0		'
Amounts reclassified from accumulated other comprehensive income (loss)	32	[1]	'
Net current period other comprehensive income (loss)	32		'
Balance at end of period	($1,509)		'

[1]	This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP plan. This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment.

LEGAL_PROCEEDINGS_Details

LEGAL PROCEEDINGS (Details) (USD $)	3 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2010	Mar. 31, 2014	Dec. 31, 2013
	Patent	SynQor, Inc. [Member]	SynQor, Inc. [Member]
		Defendant
Loss Contingencies [Line Items]	'	'	'
Number of defendants	'	11	'
Damages awarded	'	$0.70	$10.90
Damages covered through indemnification agreement	'	$0.70	$2.10
Number of patents	3	'	'

SUBSEQUENT_EVENT_Details

SUBSEQUENT EVENT (Details) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Apr. 25, 2014
SUBSEQUENT EVENT [Abstract]	'
Expected payment for pending acquisition	$117