Bel Fuse (BELFB) 10-Q 4 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 01, 2016
Entity Information [Line Items]
Entity Registrant Name	BEL FUSE INC /NJ
Entity Central Index Key	729,580
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
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		2,174,912
Class B Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		9,763,652

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	[1]
Current Assets:
Cash and cash equivalents	$ 67,468	$ 85,040
Accounts receivable, net of allowance for doubtful accounts of $1,950 in 2016 and $1,747 in 2015	82,639	86,268
Inventories	99,336	98,510
Other current assets	12,259	10,653
Total current assets	261,702	280,471
Property, plant and equipment, net	53,713	57,611
Intangible assets, net	79,215	87,827
Goodwill	19,264	121,634
Deferred income taxes	4,504	3,438
Other assets	27,095	27,524
Total assets	445,493	578,505
Current Liabilities:
Accounts payable	50,148	49,798
Accrued expenses	34,189	38,323
Current portion of long-term debt	9,725	24,772
Other current liabilities	7,283	8,959
Total current liabilities	101,345	121,852
Long-term Liabilities:
Long-term debt	146,776	158,776
Liability for uncertain tax positions	25,881	40,295
Minimum pension obligation and unfunded pension liability	15,729	15,576
Deferred income taxes	2,876	8,310
Other liabilities	346	574
Total liabilities	292,953	345,383
Commitments and contingencies
Stockholders' Equity:
Preferred stock, no par value, 1,000,000 shares authorized; none issued	0	0
Additional paid-in capital	25,839	24,440
Retained earnings	149,829	229,371
Accumulated other comprehensive loss	(24,321)	(21,876)
Total stockholders' equity	152,540	233,122
Total liabilities and stockholders' equity	445,493	578,505
Class A [Member]
Stockholders' Equity:
Common Stock	217	217
Class B [Member]
Stockholders' Equity:
Common Stock	$ 976	$ 970
[1]	(Revised)

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Accounts receivable, allowance for doubtful accounts	$ 1,950	$ 1,747
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)	9,763,652	9,701,977
Common stock, treasury shares (in shares)	3,218,307	3,218,307

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net sales	$ 131,622	$ 145,658	$ 252,805	$ 287,673
Cost of sales	105,930	117,098	204,040	232,301
Gross profit	25,692	28,560	48,765	55,372
Selling, general and administrative expenses	17,966	20,764	35,636	38,372
Impairment of goodwill and other intangible assets	(2,611)	0	105,972	0	[1]
Restructuring charges	373	344	601	502
Income (loss) from operations	9,964	7,452	(93,444)	16,498
Interest expense	(1,505)	(1,994)	(3,706)	(4,173)
Interest income and other, net	184	17	224	420
Earnings (loss) before (benefit) provision for income taxes	8,643	5,475	(96,926)	12,745
(Benefit) provision for income taxes	(14,133)	(587)	(19,005)	1,363
Net earnings (loss) available to common stockholders	22,776	6,062	(77,921)	11,382	[1]
Class A [Member]
Net earnings (loss) available to common stockholders	$ 3,987	$ 1,054	$ (13,718)	$ 1,981
Net earnings (loss) per common share:
Common share - basic and diluted (in dollars per share)	$ 1.83	$ 0.49	$ (6.31)	$ 0.91
Weighted-average number of shares outstanding:
Common share - basic and diluted (in shares)	2,175	2,175	2,175	2,175
Dividends paid per common share:
Common share (in dollars per share)	$ 0.06	$ 0.06	$ 0.12	$ 0.12
Class B [Member]
Net earnings (loss) available to common stockholders	$ 18,789	$ 5,008	$ (64,203)	$ 9,401
Net earnings (loss) per common share:
Common share - basic and diluted (in dollars per share)	$ 1.93	$ 0.52	$ (6.61)	$ 0.97
Weighted-average number of shares outstanding:
Common share - basic and diluted (in shares)	9,729	9,693	9,715	9,682
Dividends paid per common share:
Common share (in dollars per share)	$ 0.07	$ 0.07	$ 0.14	$ 0.14
[1]	(Revised)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]
Net earnings (loss) available to common stockholders	$ 22,776	$ 6,062	$ (77,921)	$ 11,382	[1]
Other comprehensive income (loss):
Currency translation adjustment, net of taxes of $0 in the three months ended June 30, 2016, ($34) in the three months ended June 30, 2015, $0 in the six months ended June 30, 2016 and ($194) in the six months ended June 30, 2015	(4,071)	3,535	(3,043)	(6,801)
Unrealized gains on marketable securities arising during the period, net of taxes of $33 in the three months ended June 30, 2016, ($18) in the three months ended June 30, 2015, $60 in the six months ended June 30, 2016 and $15 in the six months ended June 30, 2015	54	(30)	98	25
Change in unfunded SERP liability, net of taxes of $32 in the three months ended June 30, 2016, $28 in the three months ended June 30, 2015, $104 in the six months ended June 30, 2016 and $56 in the six months ended June 30, 2015	66	64	500	128
Other comprehensive income (loss)	(3,951)	3,569	(2,445)	(6,648)
Comprehensive income (loss)	$ 18,825	$ 9,631	$ (80,366)	$ 4,734
[1]	(Revised)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other comprehensive income (loss):
Currency translation adjustment, tax	$ 0	$ (34)	$ 0	$ (194)
Unrealized gain on marketable securities arising during the period, tax	33	(18)	60	15
Change in unfunded SERP liability, tax	$ 32	$ 28	$ 104	$ 56

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net (loss) earnings		$ (77,921)	$ 11,382	[1]
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization		10,968	11,589	[1]
Stock-based compensation		1,399	1,376	[1]
Impairment of goodwill and other intangible assets		105,972	0	[1]
Amortization of deferred financing costs		1,052	823	[1]
Deferred income taxes		(6,704)	(1,857)	[1]
Net unrealized gains on foreign currency revaluation		(582)	(4,906)
Other, net		1,180	(3,912)	[1]
Changes in operating assets and liabilities:
Accounts receivable, net		3,320	423	[1]
Inventories		(1,550)	1,621	[1]
Account payable		944	3,306	[1]
Accrued expenses		(4,134)	(2,387)	[1]
Other operating assets/liabilities, net		(17,610)	6,207	[1]
Net cash provided by operating activities		16,334	23,665	[1]
Cash flows from investing activities:
Purchases of property, plant and equipment		(3,698)	(5,723)	[1]
Proceeds from disposal/sale of property, plant and equipment		1	58	[1]
Net cash used in investing activities		(3,697)	(5,665)	[1]
Cash flows from financing activities:
Repayments of long-term debt		(27,380)	(14,375)	[1]
Dividends paid to common stockholders		(1,540)	(1,527)	[1]
Payment of deferred financing costs		(718)	(15)	[1]
Borrowings under revolving credit line		0	3,500	[1]
Repayments of revolving credit line		0	(15,500)	[1]
Reduction in notes payable		(114)	(463)	[1]
Net cash used in financing activities		(29,752)	(28,380)	[1]
Effect of exchange rate changes on cash and cash equivalents		(457)	4,650	[1]
Net decrease in cash and cash equivalents		(17,572)	(5,730)	[1]
Cash and cash equivalents - beginning of period	[1]	85,040	77,138
Cash and cash equivalents - end of period		67,468	71,408	[1]
Cash paid during the period for:
Income tax payments, net of refunds received		746	1,894	[1]
Interest payments		$ 2,654	$ 3,359	[1]
[1]	(Revised)

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
BASIS OF PRESENTATION AND ACCOUNTING POLICIES [Abstract]
BASIS OF PRESENTATION AND ACCOUNTING POLICIES	1. BASIS OF PRESENTATION AND ACCOUNTING POLICIES The condensed consolidated balance sheets, statements of operations, comprehensive income (loss) and cash flows for the periods presented herein have been prepared by the Company and are unaudited. In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the consolidated financial position, results of operations and cash flows for all periods presented have been made. The results for the three and six months ended June 30, 2016 are not necessarily indicative of the results to be expected for the full year. These condensed consolidated 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, 2015. Certain information and footnote disclosures required under accounting principles generally accepted in the United States of America ("U.S. GAAP") have been condensed or omitted from the following condensed consolidated financial statements pursuant to the rules and regulations, including the interim reporting requirements, of the SEC. The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our condensed consolidated financial statements and accompanying notes. Actual results could differ from these estimates. On June 19, 2014, we completed our acquisition of 100% of the issued and outstanding capital stock of the Power-One Power Solutions business ("Power Solutions") from ABB Ltd. ("ABB"). On July 25, 2014, we completed our acquisition of 100% of the issued and outstanding capital stock of the U.S. and U.K. Connectivity Solutions businesses from Emerson Electric Co. ("Emerson"). On August 29, 2014, we completed our acquisition of the Connectivity Solutions business in China from Emerson (collectively with the U.S. and U.K. portion of the transaction, "Connectivity Solutions"). The acquisitions of Power Solutions and Connectivity Solutions may hereafter be referred to collectively as either the "2014 Acquisitions" or the "2014 Acquired Companies". 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, 2015. There were no significant changes to these accounting policies during the six months ended June 30, 2016. All amounts included in the tables to these notes to condensed consolidated financial statements, except per share amounts, are in thousands. Recently Adopted Accounting Standards In June 2014, the FASB issued guidance on stock compensation. The amendment requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. This guidance was adopted by the Company effective January 1, 2016 and it did not In January 2015, the FASB issued guidance on simplifying the income statement presentation by eliminating the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. This guidance was adopted by the Company effective January 1, 2016 and it did not In April 2015, the FASB issued guidance on simplifying the balance sheet presentation of debt issuance costs. The update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. In August 2015, the FASB amended this guidance for debt issuance costs associated with line-of-credit arrangements to reflect that the SEC would not object to the deferral and presentation of debt issuance costs as an asset and subsequent amortization of debt issuance costs over the term of the line-of-credit arrangement, whether or not there are any outstanding borrowings on the line-of-credit arrangement. The update requires retrospective application and represents a change in accounting principle. This guidance was adopted by the Company effective January 1, 2016 and it was applied retrospectively for all prior periods. At June 30, 2016 and December 31, 2015, deferred financing costs totaling $3.3 million and $3.6 million, respectively, which were previously included in other assets, are reflected as a reduction in the carrying value of the Company's long-term debt on the condensed consolidated balance sheet. In September 2015, the FASB issued guidance which simplifies the accounting for measurement period adjustments related to business combinations, which eliminates the requirement for an acquirer in a business combination to account for measurement period adjustments retrospectively. Under this guidance, acquirers must recognize measurement period adjustments in the period in which they determine the amounts, including the effect on earnings of any amount they would have recorded in previous periods if the accounting had been completed at the acquisition date. This guidance was adopted by the Company effective January 1, 2016. Measurement period adjustments of any future acquisitions will be accounted for under this new guidance. In November 2015, the FASB issued guidance which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent on the consolidated balance sheet. The guidance simplifies the current guidance, which requires entities to separately present deferred tax assets and deferred tax liabilities as current and noncurrent on the consolidated balance sheet. This guidance may be applied either prospectively or retrospectively and is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company adopted this guidance effective January 1, 2016 and it was applied retrospectively for all prior periods. The following table summarizes the adjustments made to conform prior period classifications to the new guidance: December 31, 2015 As Reported Reclass Revised Other current assets $ 15,636 $ (4,983 ) $ 10,653 Long-term deferred income tax assets 3,321 117 3,438 Other current liabilities (9,133 ) 174 (8,959 ) Long-term deferred income tax liabilities (13,002 ) 4,692 (8,310 ) Accounting Standards Issued But Not Yet Adopted In March 2016, the FASB issued guidance to simplify the accounting for share-based payment transactions including the income tax consequences, classification of awards as either equity or liabilities and classification on the statements of cash flows. Under the new guidance, all Management is currently evaluating the impact that this guidance will have on the Company's consolidated financial statements. In February 2016, the FASB issued guidance to provide a new comprehensive model for lease accounting. Under In July 2015, the FASB issued guidance which requires entities to measure most inventory at the lower of cost and net realizable value, thereby simplifying the current guidance under which an entity must measure inventory at the lower of cost or market. The update is effective for fiscal years beginning after December 15, 2016, and interim periods therein. Early application is permitted. Management is currently evaluating the impact that this guidance will have on the Company's consolidated financial statements, if any. In August 2014, In May 2014, the FASB issued guidance on the accounting for revenue from contracts with customers that will supersede most existing revenue recognition guidance, including industry-specific guidance. In March 2016, the FASB amended the initial guidance to clarify the implementation guidance on principal versus agent considerations. In April 2016, the FASB amended the initial guidance to clarify the identification of performance conditions and the licensing implementation guidance. In May 2016, the FASB amended the guidance on collectability, noncash consideration, presentation of sales tax and transition in the new standard. Management is currently evaluating the impact that this guidance will have on the Company's consolidated financial statements, if any, including which transition method it will adopt.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2016
EARNINGS (LOSS) PER SHARE [Abstract]
EARNINGS (LOSS) PER SHARE	2. EARNINGS (LOSS) PER SHARE The following table sets forth the calculation of basic and diluted net earnings (loss) per common share under the two-class method for the three and six months ended June 30, 2016 and 2015: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Numerator: Net earnings (loss) $ 22,776 $ 6,062 $ (77,921 ) $ 11,382 Less dividends declared: Class A 131 130 261 261 Class B 678 682 1,360 1,360 Undistributed earnings (loss) $ 21,967 $ 5,250 $ (79,542 ) $ 9,761 Undistributed earnings (loss) allocation - basic and diluted: Class A undistributed earnings (loss) $ 3,856 $ 924 $ (13,979 ) $ 1,720 Class B undistributed earnings (loss) 18,111 4,326 (65,563 ) 8,041 Total undistributed earnings (loss) $ 21,967 $ 5,250 $ (79,542 ) $ 9,761 Net earnings (loss) allocation - basic and diluted: Class A net earnings (loss) $ 3,987 $ 1,054 $ (13,718 ) $ 1,981 Class B net earnings (loss) 18,789 5,008 (64,203 ) 9,401 Net earnings (loss) $ 22,776 $ 6,062 $ (77,921 ) $ 11,382 Denominator: Weighted-average shares outstanding: Class A - basic and diluted 2,175 2,175 2,175 2,175 Class B - basic and diluted 9,729 9,693 9,715 9,682 Net earnings (loss) per share: Class A - basic and diluted $ 1.83 $ 0.49 $ (6.31 ) $ 0.91 Class B - basic and diluted $ 1.93 $ 0.52 $ (6.61 ) $ 0.97

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2016
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	3. FAIR VALUE MEASUREMENTS F Level 1 Level 2 Level 3 As of June 30, 2016 and December 31, 2015, 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. 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 June 30, 2016 and December 31, 2015. The gross unrealized gains associated with the investment securities held in the rabbi trust were $0.8 million and $0.7 million at June 30, 2016 and December 31, 2015, respectively. Such unrealized gains are included, net of tax, in accumulated other comprehensive loss. As of June 30, 2016 and December 31, 2015, our available-for-sale securities, which primarily consist of investments held in a rabbi trust of $3.8 million and $3.6 million, respectively, are measured at fair value using quoted prices in active markets for identical assets (Level 1) inputs. 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 six months ended June 30, 2016 or June 30, 2015. There were no changes to the Company's valuation techniques used to measure asset fair values on a recurring or nonrecurring basis during the six months ended June 30, 2016. There were no financial assets accounted for at fair value on a nonrecurring basis as of June 30, 2016 or December 31, 2015. The Company has other financial instruments, such as cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and notes payable, 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 fair value of the Company's long-term debt is estimated using a discounted cash flow method based on interest rates that are currently available for debt issuances with similar terms and maturities (Level 2 inputs). At June 30, 2016 and December 31, 2015, the estimated fair value of long-term debt was $161.2 million and $188.1 million, respectively, compared to a carrying amount of $156.5 million and $183.5 million, respectively. At June 30, 2016 and December 31, 2015, the carrying value of the debt on the condensed consolidated balance sheet is reflected net of $3.3 million and $3.6 million, respectively, of deferred financing costs as a result of the adoption of new accounting guidance effective January 1, 2016 (see Note 1). The Company did not have any other financial liabilities within the scope of the fair value disclosure requirements as of June 30, 2016. Nonfinancial assets and liabilities, such as goodwill and long-lived assets, are accounted for at fair value on a nonrecurring basis. These items are tested for impairment upon the occurrence of a triggering event The Company's Level 3 fair value analysis related to the interim test for goodwill impairment was supported by a weighting of two generally accepted valuation approaches, the income approach and the market approach, as further described in the Company's Annual Report on Form 10-K for the year ended December 31, 2015. These approaches include numerous assumptions with respect to future circumstances, such as industry and/or local market conditions, which might directly impact each of the reporting units' operations in the future, and are therefore uncertain. These approaches are utilized to develop a range of fair values and a weighted average of these approaches is utilized to determine the best fair value estimate within that range. Detailed below is a table of key underlying assumptions utilized in the fair value estimate calculation for the interim test performed as of March 31, 2016 as compared to those assumptions utilized during the annual valuation performed as of October 1, 2015. Assumptions may vary by reporting unit. The table below shows the range of assumptions utilized across the various reporting units. Goodwill Impairment Analysis Key Assumptions 2016 - Interim 2015 - Annual Income Approach - Discounted Cash Flows (a): Revenue 5-year compound annual growth rate (CAGR) (9.0%) - (0. )%) 2.6% - 2.7 % 2016 EBITDA margins (b) 5.1% - 6.6 % 7.2% - 8.4 % Cost of equity capital 11.6% - 14.7 % 12.3% - 16.5 % Cost of debt capital 3.6% - 8.5 % 2.4% - 5.9 % Weighted average cost of capital 10.0% - 14.0 % 11.0% - 15.0 % Market Approach - Multiples of Guideline Companies (a): Net operating revenue multiples used 0.4 - 0.6 0.4 - 0.5 Operating EBITDA multiples used (b) 5.9 - 6.3 5.0 - 5.3 Invested capital control premium 25 % 25 % Weighting of Valuation Methods: Income Approach - Discounted Cash Flows 75 % 75 % Market Approach - Multiples of Guideline Companies 25 % 25 % (a) Ranges noted reflect assumptions and multiples used throughout the North America, Asia and Europe reporting units (b) EBITDA represents earnings before interest, taxes, depreciation and amortization The March 31, 2016 interim impairment test related to the Company's goodwill was performed by reporting unit (North America, Asia and Europe). The valuation test, which heavily weights future discounted cash flow projections, indicated impairment of the goodwill associated with all three of the Company's reporting units. As a result, the Company recorded non-cash goodwill impairment charges totaling $104.3 million during the first quarter of 2016. During the second quarter of 2016, the Company finalized its interim impairment test, which resulted in a $2.6 million reduction to the provisional impairment charge recorded during the first quarter of 2016. The Company's goodwill associated with its reporting units originated from several of Bel's prior acquisitions, primarily Power Solutions and Connectivity Solutions (which represented $55.5 million and $55.0 million, respectively, of the carrying value of goodwill at the testing date). The carrying value of the Company's goodwill was $121.6 million at December 31, 2015. The remaining goodwill as of June 30, 2016 has a carrying value of $19.3 million. See Note 4, Goodwill and Other Intangible Assets. As further discussed in Note 4, Goodwill and Other Intangible Assets, the Company had also performed an interim impairment analysis of its indefinite-lived intangible assets as of March 31, 2016. Detailed below is a table of key underlying assumptions utilized in the Level 3 fair value estimate calculation of the Company's trademarks for the interim test performed as of March 31, 2016 as compared to those assumptions utilized during the annual valuation performed as of October 1, 2015. Assumptions may vary by individual trademark. The table below shows the range of assumptions utilized across the Company's various trademarks. Trademark Impairment Analysis Key Assumptions 2016 - Interim 2015 - Annual Revenue 5-year compound annual growth rate (CAGR) (0.4%) - 2.7% 0.2% - 4.0% Estimated fair royalty rate 0.25% - 1.5% 0.5% - 2.0% Discount rate 11.0% - 15.0% 12.0% - 14.0%

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	4. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The changes in the carrying value of goodwill classified by reportable operating segment for the six months ended June 30, 2016 are as follows: Total North America Asia Europe Balance at January 1, 2016 Goodwill, gross $ 148,575 $ 63,364 $ 54,532 $ 30,679 Accumulated impairment charges (26,941 ) (14,066 ) (12,875 ) - Goodwill, net 121,634 49,298 41,657 30,679 Impairment charge (101,650 ) (40,408 ) (41,633 ) (19,609 ) Foreign currency translation (720 ) - (24 ) (696 ) Balance at June 30, 2016: Goodwill, gross 147,855 63,364 54,508 29,983 Accumulated impairment charges (128,591 ) (54,474 ) (54,508 ) (19,609 ) Goodwill, net $ 19,264 $ 8,890 $ - $ 10,374 Goodwill represents the excess of the purchase price over the fair value assigned to the net tangible and other intangible assets acquired in a business acquisition. As discussed in Note 3, Fair Value Measurements, goodwill is reviewed for impairment on a reporting unit basis annually during the fourth quarter of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. The goodwill impairment test involves a two-step process. In the first step, the fair value of each reporting unit is compared to its carrying value. If the fair value of the reporting unit exceeds its carrying value, goodwill is not impaired and no further testing is required. If the fair value of the reporting unit is less than the carrying value, the second step of the impairment test must be performed to measure the amount of impairment loss. In the second step, the reporting unit's fair value is allocated to all of the assets and liabilities of the reporting unit, including any unrecognized intangible assets, in a hypothetical analysis that calculates the implied fair value of goodwill in the same manner as if the reporting unit was being acquired in a business combination. If the implied fair value of the reporting unit's goodwill is less than the carrying value, the difference is recorded as an impairment loss and a reduction to goodwill. During the first quarter of 2016, management determined that sufficient indicators of potential impairment existed to require an interim goodwill impairment analysis for all of the Company's reporting units. These indicators included the recent business performance of those reporting units, combined with the long-term market conditions and business trends within the reporting units. The methods and assumptions utilized in determining the preliminary fair value of the three reporting units at the interim testing date are detailed in Note 3, Fair Value Measurements. Due to the complexity and the effort required to estimate the fair value of the reporting units in step one of the impairment test and to estimate the fair value of all assets and liabilities of the reporting units in the second step of the test, the fair value estimates at March 31, 2016 were derived based on preliminary assumptions and analyses that were subject to change. Based on our preliminary analyses, the implied fair value of goodwill was substantially lower than the carrying value of goodwill for all three of the reporting units. As a result, the Company recorded its best estimate of $104.3 million for the non-cash goodwill impairment charge in the three months ended March 31, 2016, which is included in impairment of goodwill and other intangible assets on the condensed consolidated statement of operations. The Company finalized its measurement of the goodwill impairment charge during the second quarter of 2016, which resulted in a $2.6 million reduction to the non-cash charge recorded during the first quarter of 2016. The reduction to the charge was primarily due to the finalization of estimates and assumptions used in the determination of the unrecognized intangible assets included in the second step of the goodwill impairment test. As of June 30, 2016, we did not identify any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable. Other Intangible Assets Other intangible assets include patents, technology, license agreements, non-compete agreements and trademarks. Trademarks have indefinite lives and are reviewed for impairment on an annual basis. Other intangible assets, excluding trademarks, are being amortized over their remaining useful lives of 1 to 18 years. The Company tests indefinite-lived intangible assets for impairment using a fair value approach, the relief-from-royalty method (a form of the income approach). At December 31, 2015, the Company's indefinite-lived intangible assets related to the trademarks acquired in the Power Solutions, Connectivity Solutions, Cinch and Fibreco acquisitions. The components of intangible assets other than goodwill are as follows: June 30, 2016 December 31, 2015 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Patents, licenses and technology $ 39,081 $ 9,615 $ 29,466 $ 39,388 $ 7,932 $ 31,456 Customer relationships 44,449 7,042 37,407 44,894 5,735 39,159 Non-compete agreements 2,707 2,166 541 2,753 1,838 915 Trademarks 11,842 41 11,801 16,338 41 16,297 $ 98,079 $ 18,864 $ 79,215 $ 103,373 $ 15,546 $ 87,827 Amortization expense for the three months ended June 30, 2016 and 2015 was $1.8 million and $2.0 million, respectively. Amortization expense for the six months ended June 30, 2016 and 2015 was $3.6 million and $3.5 million, respectively.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2016
INVENTORIES [Abstract]
INVENTORIES	5. INVENTORIES The components of inventories are as follows: June 30, December 31, 2016 2015 Raw materials $ 42,907 $ 42,036 Work in progress 17,786 16,908 Finished goods 38,643 39,566 Inventories $ 99,336 $ 98,510

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2016
PROPERTY, PLANT AND EQUIPMENT [Abstract]
PROPERTY, PLANT AND EQUIPMENT	6. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following: June 30, December 31, 2016 2015 Land $ 2,242 $ 2,240 Buildings and improvements 30,726 29,346 Machinery and equipment 119,882 116,921 Construction in progress 2,559 4,949 155,409 153,456 Accumulated depreciation (101,696 ) (95,845 ) Property, plant and equipment, net $ 53,713 $ 57,611 Depreciation expense for the three months ended June 30, 2016 and 2015 was $3.7 million and $4.0 million, respectively. Depreciation expense for the six months ended June 30, 2016 and 2015 was $7.4 million and $8.1 million, respectively. The 2015 depreciation amounts include adjustments related to the finalization of purchase accounting.

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2016
ACCRUED EXPENSES [Abstract]
ACCRUED EXPENSES	7. ACCRUED EXPENSES Accrued expenses consist of the following: June 30, December 31, 2016 2015 Sales commissions $ 2,429 $ 2,824 Subcontracting labor 1,472 1,942 Salaries, bonuses and related benefits 19,416 15,672 Warranty accrual 2,718 3,659 Other 8,154 14,226 $ 34,189 $ 38,323 A tabular presentation of the activity within the warranty accrual account for the six months ended June 30, 2016 and 2015 is presented below: Six Months Ended June 30, 2016 2015 Balance, January 1 $ 3,659 $ 6,032 Charges and costs accrued 91 2,781 Adjustments related to pre-existing warranties (including changes in estimates) (735 ) (1,040 ) Less repair costs incurred (278 ) (1,577 ) Less cash settlements - (1,522 ) Currency translation (19 ) 25 Balance, June 30 $ 2,718 $ 4,699

DEBT

DEBT	6 Months Ended
	Jun. 30, 2016
DEBT [Abstract]
DEBT	8. DEBT The Company has a Credit and Security Agreement with KeyBank National Association (as amended, the "CSA"). The CSA consists of (i) a term loan, with outstanding borrowings of $159.8 million and $187.2 million at June 30, 2016 and December 31, 2015, respectively and (ii) a $50 million revolving credit facility ("Revolver"), with no outstanding borrowings at June 30, 2016 or December 31, 2015. At June 30, 2016 and December 31, 2015, the carrying value of the debt on the condensed consolidated balance sheet is reflected net of $3.3 million and $3.6 million, respectively, of deferred financing costs as a result of the adoption of new accounting guidance effective January 1, 2016. See Note 1, Basis of Presentation and Accounting Policies. The weighted-average interest rate in effect was 2.75% at June 30, 2016 and 3.19% at December 31, 2015 and consisted of LIBOR plus the Company's credit spread, as determined per the terms of the CSA. The Company incurred $1.5 million and $2.0 million of interest expense during the three months ended June 30, 2016 and 2015, respectively, and $3.7 million and $4.2 million of interest expense during the six months ended June 30, 2016 and 2015, respectively. The CSA contains customary representations and warranties, covenants and events of default and financial covenants that measure (i) the ratio of the Company's total funded indebtedness, on a consolidated basis, to the amount of the Company's consolidated EBITDA, as defined, ("Leverage Ratio") and (ii) the ratio of the amount of the Company's consolidated EBITDA to the Company's consolidated fixed charges. If an event of default occurs, the lenders under the CSA would be entitled to take various actions, including the acceleration of amounts due thereunder and all actions permitted to be taken by a secured creditor. At June 30, 2016, the Company was in compliance with its debt covenants, including its most restrictive covenant, the Leverage Ratio. In March 2016, the Company amended the terms of the CSA to modify (i) the date by which the Company was obligated to make excess cash flow prepayments in 2016 on account of excess cash flow achieved for fiscal year 2015, (ii) the method of application of mandatory and voluntary prepayments related to the Company's loans, and (iii) the maximum Leverage Ratio of the Company allowed under the CSA for the period from the effective date of the amendment through September 2017. The Company paid $0.7 million of fees in connection with this amendment to the CSA, which are being amortized over the remaining term of the agreement.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2016
INCOME TAXES [Abstract]
INCOME TAXES	9. INCOME TAXES 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 2012 and for state examinations before 2009. Regarding foreign subsidiaries, the Company is no longer subject to examination by tax authorities for years before 2005 in Asia and generally 2008 in Europe. At December 31, 2015, the Company was under examination by the taxing authorities in Germany for the tax years 2011-2013. This audit concluded in April 2016 and resulted in an immaterial amount of incremental tax expense. 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 June 30, 2016. The Company's liabilities for uncertain tax positions totaled $27.6 million and $42.2 million at June 30, 2016 and December 31, 2015, respectively, of which $1.7 million and $1.9 million, respectively, is included in other current liabilities. These amounts, if recognized, would reduce the Company's effective tax rate. As of June 30, 2016, approximately $1.7 million of the Company's liabilities for uncertain tax positions are expected to be resolved during the next twelve months by way of settlement or expiration of the related statute of limitations. In connection with the acquisition of the Power Solutions business in 2014, the Company acquired a liability for additional uncertain tax positions related to various tax matters for the years 2007 through 2013. During the three and six months ended June 30, 2016, a portion of these tax matters was resolved with the taxing authorities which resulted in a reduction of $11.2 million and $13.9 million, respectively, in the liability for uncertain tax positions, of which $9.8 million and $11.1 million related to interest and penalties, respectively. The Company is actively pursuing resolution of the remaining tax matters. From the date of acquisition through June 30, 2016, the Company has recorded $3.9 million of interest and penalties pertaining to this issue, of which $2.6 million was reversed during the six months ended June 30, 2016 in relation to the settlement of the exposure. The Company will continue to accrue approximately $0.6 million annually until the issues are resolved. 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 the six months ended June 30, 2016 and 2015, the Company recognized $0.6 million and $1.4 million, respectively, in interest and penalties in the condensed consolidated statements of operations. During the six months ended June 30, 2016 and 2015, the Company recognized a benefit of $2.6 million and an immaterial amount, respectively, for the reversal of such interest and penalties. The Company has approximately $2.0 million and $4.0 million, accrued for the payment of such interest and penalties at June 30, 2016 and December 31, 2015, respectively, which is included in both other current liabilities and liability for uncertain tax positions in the condensed consolidated balance sheets. The Company continues to monitor proposed legislation affecting the taxation of transfers of U.S. intangible property and other potential tax law changes.

RETIREMENT FUND AND PROFIT SHAR

RETIREMENT FUND AND PROFIT SHARING PLAN	6 Months Ended
	Jun. 30, 2016
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 Internal Revenue Code of 1986, as amended (the "Code"). The expense for the three months ended June 30, 2016 and 2015 amounted to $0.3 million in both periods. The expense for the six months ended June 30, 2016 and 2015 amounted to $0.6 million in both periods. As of June 30, 2016, the plan owned 13,928 and 168,248 shares of Bel Fuse Inc. Class A and Class B common stock, respectively. The Company's subsidiaries in Asia have a retirement fund covering substantially all of their Hong Kong based full-time employees. The expense for the three months ended June 30, 2016 and 2015 amounted to $0.1 million in both periods and the expense for the six months ended June 30, 2016 and 2015 amounted to $0.1 million and 0.2 million, respectively. As of June 30, 2016, 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, which is designed to provide a limited group of key management and other key employees of the Company supplemental retirement and death benefits. As discussed in Note 3 above, the Company has investments in a rabbi trust which are intended to fund the obligations of the SERP. The components of SERP expense are as follows: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Service cost $ 148 $ 138 $ 296 $ 276 Interest cost 165 142 330 283 Net amortization 98 92 196 183 Net periodic benefit cost $ 411 $ 372 $ 822 $ 742 The following amounts are recognized net of tax in accumulated other comprehensive loss: June 30, December 31, 2016 2015 Prior service cost $ 775 $ 866 Net loss 2,952 3,465 $ 3,727 $ 4,331

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2016
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	11. ACCUMULATED OTHER COMPREHENSIVE LOSS The components of accumulated other comprehensive loss at June 30, 2016 and December 31, 2015 are summarized below: June 30, December 31, 2016 2015 Foreign currency translation adjustment, net of taxes of ($336) at June 30, 2016 and ($336) at December 31, 2015 $ (22,348 ) $ (19,305 ) Unrealized holding gains on available-for-sale securities, net of taxes of $325 at June 30, 2016 and $265 at December 31, 2015 532 434 Unfunded SERP liability, net of taxes of ($1,223) at June 30, 2016 and ($1,327) at December 31, 2015 (2,505 ) (3,005 ) Accumulated other comprehensive loss $ (24,321 ) $ (21,876 ) Changes in accumulated other comprehensive loss by component during the six months ended June 30, 2016 are as follows. All amounts are net of tax. Unrealized Holding Foreign Currency Gains on Translation Available-for- Unfunded Adjustment Sale Securities SERP Liability Total Balance at January 1, 2016 $ (19,305 ) $ 434 $ (3,005 ) $ (21,876 ) Other comprehensive income before reclassifications (3,043 ) 98 369 (2,576 ) Amount reclassified from accumulated other comprehensive loss - - 131 (a) 131 Net current period other comprehensive income (3,043 ) 98 500 (2,445 ) Balance at June 30, 2016 $ (22,348 ) $ 532 $ (2,505 ) $ (24,321 ) (a) 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 classification of the plan participants.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES 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 consolidated results of operations or financial position. In connection with the acquisition of Power Solutions, there is an ongoing claim by the Arezzo Revenue Agency in Italy concerning certain tax matters related to what was then Power-One Asia Pacific Electronics Shenzhen Co. Ltd. (now Bel Power Solutions Asia Pacific Electronics Shenzhen Co. Ltd, or "BPS China") for the years 2004 to 2006. In September 2012, the Tax Court of Arezzo ruled in favor of BPS China and cancelled the claim. In February 2013, the Arezzo Revenue Agency filed an appeal of the Tax Court's ruling. The hearing of the appeal was held on October 2, 2014. On October 13, 2014, BPS China was informed of the Regional Tax Commission of Florence ruling which was in favor of the Arezzo Revenue Agency and against BPS China. The estimated liability related to this matter is approximately $12.0 million and has been included as a liability for uncertain tax positions on the accompanying consolidated balance sheets. As Bel is fully indemnified in this matter per the terms of the stock purchase agreement with ABB, a corresponding other asset for indemnification is also included in other assets on the accompanying condensed consolidated balance sheets at June 30, 2016 and December 31, 2015. In 2015, the Company was provided notice of a potential patent infringement claim by Setec Netzwerke AG ("Setec"), a German company, for the alleged infringement of their patent EP 306 934 B1. Setec subsequently filed a lawsuit against the Company and three of its subsidiaries in Dusseldorf, Germany on January 29, 2016 for patent infringement. The Company is in the process of preparing an answer and defense to Setec's Complaint and does not have enough information at this time in order to make any further conclusions or assessments as to infringement or potential damages. The Company is not a party to any other legal proceeding, the adverse outcome of which is likely to have a material adverse effect on the Company's condensed consolidated financial condition or results of operations.

SEGMENTS

SEGMENTS	6 Months Ended
	Jun. 30, 2016
SEGMENTS [Abstract]
SEGMENTS	13. SEGMENTS 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 net sales and income from operations. The following is a summary of key financial data: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Net Sales to External Customers: North America $ 67,349 $ 76,504 $ 133,650 $ 153,264 Asia 43,724 48,610 79,485 94,131 Europe 20,549 20,544 39,670 40,278 $ 131,622 $ 145,658 $ 252,805 $ 287,673 Net Sales: North America $ 70,475 $ 84,491 $ 139,730 $ 171,508 Asia 66,969 80,189 126,617 153,338 Europe 23,432 41,967 45,805 83,504 Less intercompany net sales (29,254 ) (60,989 ) (59,347 ) (120,677 ) $ 131,622 $ 145,658 $ 252,805 $ 287,673 Income (Loss) from Operations: North America $ 1,392 $ (1,215 ) $ (41,796 ) $ 2,255 Asia 5,451 5,161 (33,358 ) 5,713 Europe 3,121 3,506 (18,290 ) 8,530 $ 9,964 $ 7,452 $ (93,444 ) $ 16,498 June 30, December 31, 2016 2015 Total Assets: North America $ 185,376 $ 238,930 Asia 170,161 231,063 Europe 89,956 108,512 $ 445,493 $ 578,505 Net Sales – Segment net sales are attributed to individual segments based on the geographic source of the billing for such customer sales. Intercompany sales 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 are sold to Asia for further processing. Income from operations represents net sales less operating costs and expenses and does not include any amounts related to intercompany transactions. The following items are included in the segment data presented above: Impairment Charges

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2016
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	14. RELATED PARTY TRANSACTIONS In connection with its acquisition of Power Solutions, the Company acquired a 49% interest in a joint venture in the People's Republic of China ("PRC"). The joint venture may purchase raw components and other goods from the Company and may sell finished goods to the Company as well as to other third parties. The Company purchased $0.3 million and $1.5 million of inventory from the joint venture during the three and six months ended June 30, 2015, respectively. The Company did not purchase any inventory from the joint venture during the three or six months ended June 30, 2016. At June 30, 2016, the Company owed the joint venture approximately $0.5 million, which is included in accounts payable on the accompanying condensed consolidated balance sheet.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2016
SUBSEQUENT EVENT [Abstract]
SUBSEQUENT EVENT	15. SUBSEQUENT EVENT In July 2016, the Company closed on the sale of a property in Hong Kong which had a net book value of less than $0.1 million. The consideration received related to this sale was $2.1 million. The Company expects to record a gain on sale related to this property of approximately $2.0 million during the third quarter of 2016.

BASIS OF PRESENTATION AND ACC23

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
BASIS OF PRESENTATION AND ACCOUNTING POLICIES [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Standards In June 2014, the FASB issued guidance on stock compensation. The amendment requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. This guidance was adopted by the Company effective January 1, 2016 and it did not In January 2015, the FASB issued guidance on simplifying the income statement presentation by eliminating the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. This guidance was adopted by the Company effective January 1, 2016 and it did not In April 2015, the FASB issued guidance on simplifying the balance sheet presentation of debt issuance costs. The update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. In August 2015, the FASB amended this guidance for debt issuance costs associated with line-of-credit arrangements to reflect that the SEC would not object to the deferral and presentation of debt issuance costs as an asset and subsequent amortization of debt issuance costs over the term of the line-of-credit arrangement, whether or not there are any outstanding borrowings on the line-of-credit arrangement. The update requires retrospective application and represents a change in accounting principle. This guidance was adopted by the Company effective January 1, 2016 and it was applied retrospectively for all prior periods. At June 30, 2016 and December 31, 2015, deferred financing costs totaling $3.3 million and $3.6 million, respectively, which were previously included in other assets, are reflected as a reduction in the carrying value of the Company's long-term debt on the condensed consolidated balance sheet. In September 2015, the FASB issued guidance which simplifies the accounting for measurement period adjustments related to business combinations, which eliminates the requirement for an acquirer in a business combination to account for measurement period adjustments retrospectively. Under this guidance, acquirers must recognize measurement period adjustments in the period in which they determine the amounts, including the effect on earnings of any amount they would have recorded in previous periods if the accounting had been completed at the acquisition date. This guidance was adopted by the Company effective January 1, 2016. Measurement period adjustments of any future acquisitions will be accounted for under this new guidance. In November 2015, the FASB issued guidance which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent on the consolidated balance sheet. The guidance simplifies the current guidance, which requires entities to separately present deferred tax assets and deferred tax liabilities as current and noncurrent on the consolidated balance sheet. This guidance may be applied either prospectively or retrospectively and is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company adopted this guidance effective January 1, 2016 and it was applied retrospectively for all prior periods. The following table summarizes the adjustments made to conform prior period classifications to the new guidance: December 31, 2015 As Reported Reclass Revised Other current assets $ 15,636 $ (4,983 ) $ 10,653 Long-term deferred income tax assets 3,321 117 3,438 Other current liabilities (9,133 ) 174 (8,959 ) Long-term deferred income tax liabilities (13,002 ) 4,692 (8,310 ) Accounting Standards Issued But Not Yet Adopted In March 2016, the FASB issued guidance to simplify the accounting for share-based payment transactions including the income tax consequences, classification of awards as either equity or liabilities and classification on the statements of cash flows. Under the new guidance, all Management is currently evaluating the impact that this guidance will have on the Company's consolidated financial statements. In February 2016, the FASB issued guidance to provide a new comprehensive model for lease accounting. Under In July 2015, the FASB issued guidance which requires entities to measure most inventory at the lower of cost and net realizable value, thereby simplifying the current guidance under which an entity must measure inventory at the lower of cost or market. The update is effective for fiscal years beginning after December 15, 2016, and interim periods therein. Early application is permitted. Management is currently evaluating the impact that this guidance will have on the Company's consolidated financial statements, if any. In August 2014, In May 2014, the FASB issued guidance on the accounting for revenue from contracts with customers that will supersede most existing revenue recognition guidance, including industry-specific guidance. In March 2016, the FASB amended the initial guidance to clarify the implementation guidance on principal versus agent considerations. In April 2016, the FASB amended the initial guidance to clarify the identification of performance conditions and the licensing implementation guidance. In May 2016, the FASB amended the guidance on collectability, noncash consideration, presentation of sales tax and transition in the new standard. Management is currently evaluating the impact that this guidance will have on the Company's consolidated financial statements, if any, including which transition method it will adopt.

BASIS OF PRESENTATION AND ACC24

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2016
BASIS OF PRESENTATION AND ACCOUNTING POLICIES [Abstract]
Summary of adjustments made to conform prior period classifications to new guidance	The following table summarizes the adjustments made to conform prior period classifications to the new guidance: December 31, 2015 As Reported Reclass Revised Other current assets $ 15,636 $ (4,983 ) $ 10,653 Long-term deferred income tax assets 3,321 117 3,438 Other current liabilities (9,133 ) 174 (8,959 ) Long-term deferred income tax liabilities (13,002 ) 4,692 (8,310 )

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
EARNINGS (LOSS) PER SHARE [Abstract]
Schedule of earnings and weighted average shares outstanding used in the computation of basic and diluted earnings (loss) per share	The following table sets forth the calculation of basic and diluted net earnings (loss) per common share under the two-class method for the three and six months ended June 30, 2016 and 2015: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Numerator: Net earnings (loss) $ 22,776 $ 6,062 $ (77,921 ) $ 11,382 Less dividends declared: Class A 131 130 261 261 Class B 678 682 1,360 1,360 Undistributed earnings (loss) $ 21,967 $ 5,250 $ (79,542 ) $ 9,761 Undistributed earnings (loss) allocation - basic and diluted: Class A undistributed earnings (loss) $ 3,856 $ 924 $ (13,979 ) $ 1,720 Class B undistributed earnings (loss) 18,111 4,326 (65,563 ) 8,041 Total undistributed earnings (loss) $ 21,967 $ 5,250 $ (79,542 ) $ 9,761 Net earnings (loss) allocation - basic and diluted: Class A net earnings (loss) $ 3,987 $ 1,054 $ (13,718 ) $ 1,981 Class B net earnings (loss) 18,789 5,008 (64,203 ) 9,401 Net earnings (loss) $ 22,776 $ 6,062 $ (77,921 ) $ 11,382 Denominator: Weighted-average shares outstanding: Class A - basic and diluted 2,175 2,175 2,175 2,175 Class B - basic and diluted 9,729 9,693 9,715 9,682 Net earnings (loss) per share: Class A - basic and diluted $ 1.83 $ 0.49 $ (6.31 ) $ 0.91 Class B - basic and diluted $ 1.93 $ 0.52 $ (6.61 ) $ 0.97

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Schedule of underlying assumptions utilized in fair value	Assumptions may vary by reporting unit. The table below shows the range of assumptions utilized across the various reporting units. Goodwill Impairment Analysis Key Assumptions 2016 - Interim 2015 - Annual Income Approach - Discounted Cash Flows (a): Revenue 5-year compound annual growth rate (CAGR) (9.0%) - (0. )%) 2.6% - 2.7 % 2016 EBITDA margins (b) 5.1% - 6.6 % 7.2% - 8.4 % Cost of equity capital 11.6% - 14.7 % 12.3% - 16.5 % Cost of debt capital 3.6% - 8.5 % 2.4% - 5.9 % Weighted average cost of capital 10.0% - 14.0 % 11.0% - 15.0 % Market Approach - Multiples of Guideline Companies (a): Net operating revenue multiples used 0.4 - 0.6 0.4 - 0.5 Operating EBITDA multiples used (b) 5.9 - 6.3 5.0 - 5.3 Invested capital control premium 25 % 25 % Weighting of Valuation Methods: Income Approach - Discounted Cash Flows 75 % 75 % Market Approach - Multiples of Guideline Companies 25 % 25 % (a) Ranges noted reflect assumptions and multiples used throughout the North America, Asia and Europe reporting units (b) EBITDA represents earnings before interest, taxes, depreciation and amortization
Trademarks [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Schedule of underlying assumptions utilized in fair value	The table below shows the range of assumptions utilized across the Company's various trademarks. Trademark Impairment Analysis Key Assumptions 2016 - Interim 2015 - Annual Revenue 5-year compound annual growth rate (CAGR) (0.4%) - 2.7% 0.2% - 4.0% Estimated fair royalty rate 0.25% - 1.5% 0.5% - 2.0% Discount rate 11.0% - 15.0% 12.0% - 14.0%

GOODWILL AND OTHER INTANGIBLE27

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
Changes in carrying value of goodwill classified by reportable operating segment	The changes in the carrying value of goodwill classified by reportable operating segment for the six months ended June 30, 2016 are as follows: Total North America Asia Europe Balance at January 1, 2016 Goodwill, gross $ 148,575 $ 63,364 $ 54,532 $ 30,679 Accumulated impairment charges (26,941 ) (14,066 ) (12,875 ) - Goodwill, net 121,634 49,298 41,657 30,679 Impairment charge (101,650 ) (40,408 ) (41,633 ) (19,609 ) Foreign currency translation (720 ) - (24 ) (696 ) Balance at June 30, 2016: Goodwill, gross 147,855 63,364 54,508 29,983 Accumulated impairment charges (128,591 ) (54,474 ) (54,508 ) (19,609 ) Goodwill, net $ 19,264 $ 8,890 $ - $ 10,374
Components of intangible assets other than goodwill	The components of intangible assets other than goodwill are as follows: June 30, 2016 December 31, 2015 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Patents, licenses and technology $ 39,081 $ 9,615 $ 29,466 $ 39,388 $ 7,932 $ 31,456 Customer relationships 44,449 7,042 37,407 44,894 5,735 39,159 Non-compete agreements 2,707 2,166 541 2,753 1,838 915 Trademarks 11,842 41 11,801 16,338 41 16,297 $ 98,079 $ 18,864 $ 79,215 $ 103,373 $ 15,546 $ 87,827

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2016
INVENTORIES [Abstract]
Components of inventories	The components of inventories are as follows: June 30, December 31, 2016 2015 Raw materials $ 42,907 $ 42,036 Work in progress 17,786 16,908 Finished goods 38,643 39,566 Inventories $ 99,336 $ 98,510

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2016
PROPERTY, PLANT AND EQUIPMENT [Abstract]
Property, plant and equipment	Property, plant and equipment consist of the following: June 30, December 31, 2016 2015 Land $ 2,242 $ 2,240 Buildings and improvements 30,726 29,346 Machinery and equipment 119,882 116,921 Construction in progress 2,559 4,949 155,409 153,456 Accumulated depreciation (101,696 ) (95,845 ) Property, plant and equipment, net $ 53,713 $ 57,611 Depreciation expense for the three months ended June 30, 2016 and 2015 was $3.7 million and $4.0 million, respectively. Depreciation expense for the six months ended June 30, 2016 and 2015 was $7.4 million and $8.1 million, respectively. The 2015 depreciation amounts include adjustments related to the finalization of purchase accounting.

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2016
ACCRUED EXPENSES [Abstract]
Accrued expenses	Accrued expenses consist of the following: June 30, December 31, 2016 2015 Sales commissions $ 2,429 $ 2,824 Subcontracting labor 1,472 1,942 Salaries, bonuses and related benefits 19,416 15,672 Warranty accrual 2,718 3,659 Other 8,154 14,226 $ 34,189 $ 38,323
Schedule of warranty accrual account for the period from the acquisition date	A tabular presentation of the activity within the warranty accrual account for the six months ended June 30, 2016 and 2015 is presented below: Six Months Ended June 30, 2016 2015 Balance, January 1 $ 3,659 $ 6,032 Charges and costs accrued 91 2,781 Adjustments related to pre-existing warranties (including changes in estimates) (735 ) (1,040 ) Less repair costs incurred (278 ) (1,577 ) Less cash settlements - (1,522 ) Currency translation (19 ) 25 Balance, June 30 $ 2,718 $ 4,699

RETIREMENT FUND AND PROFIT SH31

RETIREMENT FUND AND PROFIT SHARING PLAN (Tables)	6 Months Ended
	Jun. 30, 2016
RETIREMENT FUND AND PROFIT SHARING PLAN [Abstract]
Components of SERP expense	The components of SERP expense are as follows: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Service cost $ 148 $ 138 $ 296 $ 276 Interest cost 165 142 330 283 Net amortization 98 92 196 183 Net periodic benefit cost $ 411 $ 372 $ 822 $ 742
Gross amounts recognized in accumulated other comprehensive loss, net of tax	The following amounts are recognized net of tax in accumulated other comprehensive loss: June 30, December 31, 2016 2015 Prior service cost $ 775 $ 866 Net loss 2,952 3,465 $ 3,727 $ 4,331

ACCUMULATED OTHER COMPREHENSI32

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2016
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]
Components of accumulated other comprehensive loss	The components of accumulated other comprehensive loss at June 30, 2016 and December 31, 2015 are summarized below: June 30, December 31, 2016 2015 Foreign currency translation adjustment, net of taxes of ($336) at June 30, 2016 and ($336) at December 31, 2015 $ (22,348 ) $ (19,305 ) Unrealized holding gains on available-for-sale securities, net of taxes of $325 at June 30, 2016 and $265 at December 31, 2015 532 434 Unfunded SERP liability, net of taxes of ($1,223) at June 30, 2016 and ($1,327) at December 31, 2015 (2,505 ) (3,005 ) Accumulated other comprehensive loss $ (24,321 ) $ (21,876 )
Changes in accumulated other comprehensive loss by component	Changes in accumulated other comprehensive loss by component during the six months ended June 30, 2016 are as follows. All amounts are net of tax. Unrealized Holding Foreign Currency Gains on Translation Available-for- Unfunded Adjustment Sale Securities SERP Liability Total Balance at January 1, 2016 $ (19,305 ) $ 434 $ (3,005 ) $ (21,876 ) Other comprehensive income before reclassifications (3,043 ) 98 369 (2,576 ) Amount reclassified from accumulated other comprehensive loss - - 131 (a) 131 Net current period other comprehensive income (3,043 ) 98 500 (2,445 ) Balance at June 30, 2016 $ (22,348 ) $ 532 $ (2,505 ) $ (24,321 ) (a) 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 classification of the plan participants.

SEGMENTS (Tables)

SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
SEGMENTS [Abstract]
Key financial data	The following is a summary of key financial data: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Net Sales to External Customers: North America $ 67,349 $ 76,504 $ 133,650 $ 153,264 Asia 43,724 48,610 79,485 94,131 Europe 20,549 20,544 39,670 40,278 $ 131,622 $ 145,658 $ 252,805 $ 287,673 Net Sales: North America $ 70,475 $ 84,491 $ 139,730 $ 171,508 Asia 66,969 80,189 126,617 153,338 Europe 23,432 41,967 45,805 83,504 Less intercompany net sales (29,254 ) (60,989 ) (59,347 ) (120,677 ) $ 131,622 $ 145,658 $ 252,805 $ 287,673 Income (Loss) from Operations: North America $ 1,392 $ (1,215 ) $ (41,796 ) $ 2,255 Asia 5,451 5,161 (33,358 ) 5,713 Europe 3,121 3,506 (18,290 ) 8,530 $ 9,964 $ 7,452 $ (93,444 ) $ 16,498 June 30, December 31, 2016 2015 Total Assets: North America $ 185,376 $ 238,930 Asia 170,161 231,063 Europe 89,956 108,512 $ 445,493 $ 578,505

BASIS OF PRESENTATION AND ACC34

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015		Jul. 25, 2014	Jun. 19, 2014
Business Acquisition [Line Items]
Deferred financing costs	$ 3,300	$ 3,600
Summary of Adjustments to Conform to New Guidance [Abstract]
Other current assets	12,259	10,653	[1]
Long-term deferred income tax assets	4,504	3,438	[1]
Other current liabilities	(7,283)	(8,959)	[1]
Long-term deferred income tax liabilities	$ (2,876)	(8,310)	[1]
As Reported [Member]
Summary of Adjustments to Conform to New Guidance [Abstract]
Other current assets		15,636
Long-term deferred income tax assets		3,321
Other current liabilities		(9,133)
Long-term deferred income tax liabilities		(13,002)
Reclass [Member]
Summary of Adjustments to Conform to New Guidance [Abstract]
Other current assets		(4,983)
Long-term deferred income tax assets		117
Other current liabilities		174
Long-term deferred income tax liabilities		$ 4,692
Power Solutions [Member]
Business Acquisition [Line Items]
Acquisition date	Jun. 19, 2014
Acquisition of issued and outstanding capital stock					100.00%
Emerson [Member]
Business Acquisition [Line Items]
Acquisition date	Jul. 25, 2014
Acquisition of issued and outstanding capital stock				100.00%
[1]	(Revised)

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator [Abstract]
Net earnings (loss)	$ 22,776	$ 6,062	$ (77,921)	$ 11,382	[1]
Less dividends declared: [Abstract]
Undistributed earnings (loss)	21,967	5,250	(79,542)	9,761
Undistributed earnings (loss) allocation - basic and diluted [Abstract]
Total undistributed earnings (loss)	21,967	5,250	(79,542)	9,761
Net earnings (loss) allocation - basic and diluted [Abstract]
Net earnings (loss)	22,776	6,062	(77,921)	11,382	[1]
Class A [Member]
Numerator [Abstract]
Net earnings (loss)	3,987	1,054	(13,718)	1,981
Less dividends declared: [Abstract]
Dividends declared	131	130	261	261
Undistributed earnings (loss) allocation - basic and diluted [Abstract]
Total undistributed earnings (loss)	3,856	924	(13,979)	1,720
Net earnings (loss) allocation - basic and diluted [Abstract]
Net earnings (loss)	$ 3,987	$ 1,054	$ (13,718)	$ 1,981
Weighted-average shares outstanding [Abstract]
Common share - basic and diluted (in shares)	2,175	2,175	2,175	2,175
Net earnings (loss) per share [Abstract]
Common share - basic and diluted (in dollars per share)	$ 1.83	$ 0.49	$ (6.31)	$ 0.91
Class B [Member]
Numerator [Abstract]
Net earnings (loss)	$ 18,789	$ 5,008	$ (64,203)	$ 9,401
Less dividends declared: [Abstract]
Dividends declared	678	682	1,360	1,360
Undistributed earnings (loss) allocation - basic and diluted [Abstract]
Total undistributed earnings (loss)	18,111	4,326	(65,563)	8,041
Net earnings (loss) allocation - basic and diluted [Abstract]
Net earnings (loss)	$ 18,789	$ 5,008	$ (64,203)	$ 9,401
Weighted-average shares outstanding [Abstract]
Common share - basic and diluted (in shares)	9,729	9,693	9,715	9,682
Net earnings (loss) per share [Abstract]
Common share - basic and diluted (in dollars per share)	$ 1.93	$ 0.52	$ (6.61)	$ 0.97
[1]	(Revised)

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) $ in Thousands		3 Months Ended		6 Months Ended	12 Months Ended
		Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers in out between levels				$ 0	$ 0
Fair value of long-term debt		$ 161,200		161,200	188,100
Carrying amount of long-term debt		156,500		156,500	183,500
Deferred financing costs		3,300		3,300	3,600
Impairment charges			$ (104,300)	(101,650)
Decrease in impairment charge		2,600
Goodwill		19,264		19,264	121,634	[1]
Power Solutions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill			55,500
Connectivity Solution [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill			$ 55,000
Investments held in Rabbi Trust [Member] | SERP [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gross unrealized gains associated with the investment held in the rabbi trust				800	700
Available-for-sale securities carrying amount		3,800		$ 3,800	$ 3,600
Trademarks [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Revenue compound annual growth rate (CAGR)				(0.40%)	0.20%
Discount rate of fair value inputs				11.00%	12.00%
Estimated fair royalty rate				0.25%	0.50%
Trademarks [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Revenue compound annual growth rate (CAGR)				2.70%	4.00%
Discount rate of fair value inputs				15.00%	14.00%
Estimated fair royalty rate				1.50%	2.00%
Income Approach - Discounted Cash Flows [Member] | Goodwill [Member]
Fair Value Inputs [Abstract]
Weighting of valuation method				75.00%	75.00%
Income Approach - Discounted Cash Flows [Member] | Goodwill [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Revenue compound annual growth rate (CAGR)	[2]			(9.00%)	2.60%
2016 EBITDA (b)	[2],[3]			5.10%	7.20%
Cost of equity capital	[2]			11.60%	12.30%
Cost of debt capital	[2]			3.60%	2.40%
Weighted average cost of capital	[2]			10.00%	11.00%
Income Approach - Discounted Cash Flows [Member] | Goodwill [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Revenue compound annual growth rate (CAGR)	[2]			(0.60%)	2.70%
2016 EBITDA (b)	[2],[3]			6.60%	8.40%
Cost of equity capital	[2]			14.70%	16.50%
Cost of debt capital	[2]			8.50%	5.90%
Weighted average cost of capital	[2]			14.00%	15.00%
Market Approach - Multiples of Guideline Companies [Member] | Goodwill [Member]
Fair Value Inputs [Abstract]
Invested capital control premium	[2]			25.00%	25.00%
Weighting of valuation method				25.00%	25.00%
Market Approach - Multiples of Guideline Companies [Member] | Goodwill [Member] | Minimum [Member]
Fair Value Inputs [Abstract]
Net operating revenue multiples used	[2]			0.4	0.4
Operating EBITDA multiples used	[2],[3]			5.9	5
Market Approach - Multiples of Guideline Companies [Member] | Goodwill [Member] | Maximum [Member]
Fair Value Inputs [Abstract]
Net operating revenue multiples used	[2]			0.6	0.5
Operating EBITDA multiples used	[2],[3]			6.3	5.3
Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets accounted at fair value		$ 0		$ 0	$ 0
[1]	(Revised)
[2]	Ranges noted reflect assumptions and multiples used throughout the North America, Asia and Europe reporting units.
[3]	EBITDA represents earnings before interest, taxes, depreciation and amortization.

GOODWILL AND OTHER INTANGIBLE37

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Goodwill [Roll Forward]
Goodwill, gross beginning of period			$ 148,575		$ 148,575
Accumulated impairment charges, beginning of period			(26,941)		(26,941)
Goodwill, net beginning of period	[1]		121,634		121,634
Impairment charge			(104,300)		(101,650)
Foreign currency translation					(720)
Goodwill, gross end of period		$ 147,855			147,855
Accumulated impairment charges, end of period		(128,591)			(128,591)
Goodwill, net end of period		19,264			19,264
Impairment charge adjustment amount		2,600
Finite-Lived Intangible Assets [Line Items]
Intangible assets, impairment charges			4,300
Components of intangible assets other than goodwill [Abstract]
Gross Carrying Amount		98,079			98,079		$ 103,373
Accumulated Amortization		18,864			18,864		15,546
Net Carrying Amount		79,215			79,215		87,827	[1]
Amortization expense		$ 1,800		$ 2,000	3,600	$ 3,500
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Other intangible assets amortization period		1 year
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Other intangible assets amortization period		18 years
North America [Member]
Goodwill [Roll Forward]
Goodwill, gross beginning of period			63,364		63,364
Accumulated impairment charges, beginning of period			(14,066)		(14,066)
Goodwill, net beginning of period			49,298		49,298
Impairment charge					(40,408)
Foreign currency translation					0
Goodwill, gross end of period		$ 63,364			63,364
Accumulated impairment charges, end of period		(54,474)			(54,474)
Goodwill, net end of period		8,890			8,890
Asia [Member]
Goodwill [Roll Forward]
Goodwill, gross beginning of period			54,532		54,532
Accumulated impairment charges, beginning of period			(12,875)		(12,875)
Goodwill, net beginning of period			41,657		41,657
Impairment charge					(41,633)
Foreign currency translation					(24)
Goodwill, gross end of period		54,508			54,508
Accumulated impairment charges, end of period		(54,508)			(54,508)
Goodwill, net end of period		0			0
Europe [Member]
Goodwill [Roll Forward]
Goodwill, gross beginning of period			30,679		30,679
Accumulated impairment charges, beginning of period			0		0
Goodwill, net beginning of period			$ 30,679		30,679
Impairment charge					(19,609)
Foreign currency translation					(696)
Goodwill, gross end of period		29,983			29,983
Accumulated impairment charges, end of period		(19,609)			(19,609)
Goodwill, net end of period		10,374			10,374
Patents, Licenses and Technology [Member]
Components of intangible assets other than goodwill [Abstract]
Gross Carrying Amount		39,081			39,081		39,388
Accumulated Amortization		9,615			9,615		7,932
Net Carrying Amount		29,466			29,466		31,456
Customer Relationships [Member]
Components of intangible assets other than goodwill [Abstract]
Gross Carrying Amount		44,449			44,449		44,894
Accumulated Amortization		7,042			7,042		5,735
Net Carrying Amount		37,407			37,407		39,159
Non-compete Agreements [Member]
Components of intangible assets other than goodwill [Abstract]
Gross Carrying Amount		2,707			2,707		2,753
Accumulated Amortization		2,166			2,166		1,838
Net Carrying Amount		541			541		915
Trademarks [Member]
Components of intangible assets other than goodwill [Abstract]
Gross Carrying Amount		11,842			11,842		16,338
Accumulated Amortization		41			41		41
Net Carrying Amount		$ 11,801			$ 11,801		$ 16,297
[1]	(Revised)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Components of inventories [Abstract]
Raw materials	$ 42,907	$ 42,036
Work in progress	17,786	16,908
Finished goods	38,643	39,566
Inventories	$ 99,336	$ 98,510	[1]
[1]	(Revised)

PROPERTY, PLANT AND EQUIPMENT39

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	$ 155,409		$ 155,409		$ 153,456
Accumulated depreciation	(101,696)		(101,696)		(95,845)
Property, plant and equipment, net	53,713		53,713		57,611	[1]
Depreciation expense	3,700	$ 4,000	7,400	$ 8,100
Land [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	2,242		2,242		2,240
Buildings and Improvements [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	30,726		30,726		29,346
Machinery and Equipment [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	119,882		119,882		116,921
Construction in Progress [Member]
Property, plant and equipment [Abstract]
Property, plant and equipment, gross	$ 2,559		$ 2,559		$ 4,949
[1]	(Revised)

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
ACCRUED EXPENSES [Abstract]
Sales commissions	$ 2,429		$ 2,824
Subcontracting labor	1,472		1,942
Salaries, bonuses and related benefits	19,416		15,672
Warranty accrual	2,718		3,659
Other	8,154		14,226
Accrued expenses	34,189		$ 38,323	[1]
Schedule of warranty accrual account for the period from the acquisition date [Roll Forward]
Beginning balance as of beginning of period	3,659	$ 6,032
Charges and costs accrued	91	2,781
Adjustments related to pre-existing warranties (including changes in estimates)	(735)	(1,040)
Less repair costs incurred	(278)	(1,577)
Less cash settlements	0	(1,522)
Currency translation	(19)	25
Ending balance as of end of period	$ 2,718	$ 4,699
[1]	(Revised)

DEBT (Details)

DEBT (Details) - Credit and Security Agreement "CSA" [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Line of Credit Facility [Line Items]
Deferred finance cost net	$ 3.3		$ 3.3		$ 3.6
Interest rate on borrowings outstanding	2.75%		2.75%		3.19%
Interest expense incurred	$ 1.5	$ 2	$ 3.7	$ 4.2
Transaction fees	0.7		0.7
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings	0		0		$ 0
Available line of credit	50		50
Term Loan [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 159.8		$ 159.8		$ 187.2

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Tax Contingency [Line Items]
Liability for uncertain tax positions	$ 27.6	$ 27.6		$ 42.2
Liability for uncertain tax positions - current	1.7	1.7		1.9
Expected Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations and Settlement	1.7	1.7
Reduction relating to interest and penalties uncertain tax positions	(9.8)	(11.1)
Interest and penalties uncertain tax positions recognized		0.6	$ 1.4
Accrued interest and penalties uncertain tax positions	2	2		$ 4
Power Solutions [Member]
Income Tax Contingency [Line Items]
Reduction relating to settlement with taxing authorities	(11.2)	(13.9)
Reduction relating to interest and penalties uncertain tax positions		(2.6)
Interest and penalties uncertain tax positions recognized		3.9
Annual accrual for liability for uncertain tax positions	$ 0.6	$ 0.6

RETIREMENT FUND AND PROFIT SH43

RETIREMENT FUND AND PROFIT SHARING PLAN (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Bel Fuse Inc Employees Savings Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Compensation expense	$ 300	$ 300	$ 600	$ 600
Bel Fuse Inc Employees Savings Plan [Member] | Common Class A [Member]
Defined Contribution Plan Disclosure [Line Items]
Shares owned by plan (in shares)	13,928		13,928
Bel Fuse Inc Employees Savings Plan [Member] | Common Class B [Member]
Defined Contribution Plan Disclosure [Line Items]
Shares owned by plan (in shares)	168,248		168,248
Non Defined Retirement Fund [Member]
Defined Contribution Plan Disclosure [Line Items]
Compensation expense	$ 100	100	$ 100	200
Non Defined Retirement Fund [Member] | Common Class A [Member]
Defined Contribution Plan Disclosure [Line Items]
Shares owned by plan (in shares)	3,323		3,323
Non Defined Retirement Fund [Member] | Common Class B [Member]
Defined Contribution Plan Disclosure [Line Items]
Shares owned by plan (in shares)	17,342		17,342
SERP [Member]
Components of SERP expense [Abstract]
Service cost	$ 148	138	$ 296	276
Interest cost	165	142	330	283
Net amortization	98	92	196	183
Net periodic benefit cost	411	$ 372	822	$ 742
Amounts recognized in accumulated other comprehensive loss, pretax [Abstract]
Prior service cost	775		775		$ 866
Net loss	2,952		2,952		3,465
Total amounts recognized in accumulated other comprehensive loss	$ 3,727		$ 3,727		$ 4,331

ACCUMULATED OTHER COMPREHENSI44

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Accumulated other comprehensive loss [Abstract]
Foreign currency translation adjustment, net of taxes of ($336) at June 30, 2016 and ($336) at December 31, 2015		$ (22,348)		$ (22,348)		$ (19,305)
Unrealized holding gains on available-for-sale securities, net of taxes of $325 at June 30, 2016 and $265 at December 31, 2015		532		532		434
Unfunded SERP liability, net of taxes of ($1,223) at June 30, 2016 and ($1,327) at December 31, 2015		(2,505)		(2,505)		(3,005)
Accumulated other comprehensive loss		(24,321)		(24,321)		(21,876)	[1]
Accumulated other comprehensive loss, tax [Abstract]
Foreign currency translation adjustment, tax		(336)		(336)		(336)
Unrealized holding gains on available-for-sale securities, tax		325		325		265
Unfunded SERP liability, tax		(1,223)		(1,223)		$ (1,327)
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]
Balance at beginning of period	[1]			233,122
Other comprehensive income before reclassifications				(2,576)
Amount reclassified from accumulated other comprehensive loss				131
Net current period other comprehensive income		(3,951)	$ 3,569	(2,445)	$ (6,648)
Balance at end of period		152,540		152,540
AOCI Attributable to Parent [Member]
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]
Balance at beginning of period				(21,876)
Balance at end of period		(24,321)		(24,321)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]
Balance at beginning of period				(19,305)
Other comprehensive income before reclassifications				(3,043)
Amount reclassified from accumulated other comprehensive loss				0
Net current period other comprehensive income				(3,043)
Balance at end of period		(22,348)		(22,348)
Unrealized Holding Gains on Available-for-Sale Securities [Member]
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]
Balance at beginning of period				434
Other comprehensive income before reclassifications				98
Amount reclassified from accumulated other comprehensive loss				0
Net current period other comprehensive income				98
Balance at end of period		532		532
Unfunded SERP Liability [Member]
Changes in Accumulated Other Comprehensive Loss by Component [Roll Forward]
Balance at beginning of period				(3,005)
Other comprehensive income before reclassifications				369
Amount reclassified from accumulated other comprehensive loss	[2]			131
Net current period other comprehensive income				500
Balance at end of period		$ (2,505)		$ (2,505)
[1]	(Revised)
[2]	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 classification of the plan participants.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015Subsidiary	Jun. 30, 2016USD ($)
Loss Contingencies [Line Items]
Number of subsidiary entity against lawsuit | Subsidiary	3
Arezzo Revenue Agency [Member]
Loss Contingencies [Line Items]
Estimated liability | $		$ 12

SEGMENTS (Details)

SEGMENTS (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)IndustrySegment	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
SEGMENTS [Abstract]
Number of industry in which entity operates | Industry				1
Number of reportable operating segments | Segment				3
Summary of key financial data [Abstract]
Net sales to external customers	$ 131,622		$ 145,658	$ 252,805	$ 287,673
Net sales	131,622		145,658	252,805	287,673
Income (loss) from operations	9,964		7,452	(93,444)	16,498
Total Assets	445,493			445,493		$ 578,505	[1]
Impairment charges		$ 108,600		106,000
Reduction of impairment charge	2,600
North America [Member]
Summary of key financial data [Abstract]
Impairment charges				44,000
Asia [Member]
Summary of key financial data [Abstract]
Impairment charges				41,700
Europe [Member]
Summary of key financial data [Abstract]
Impairment charges				20,300
Reportable Operating Segments [Member] | North America [Member]
Summary of key financial data [Abstract]
Net sales to external customers	67,349		76,504	133,650	153,264
Net sales	70,475		84,491	139,730	171,508
Income (loss) from operations	1,392		(1,215)	(41,796)	2,255
Total Assets	185,376			185,376		238,930
Reportable Operating Segments [Member] | Asia [Member]
Summary of key financial data [Abstract]
Net sales to external customers	43,724		48,610	79,485	94,131
Net sales	66,969		80,189	126,617	153,338
Income (loss) from operations	5,451		5,161	(33,358)	5,713
Total Assets	170,161			170,161		231,063
Reportable Operating Segments [Member] | Europe [Member]
Summary of key financial data [Abstract]
Net sales to external customers	20,549		20,544	39,670	40,278
Net sales	23,432		41,967	45,805	83,504
Income (loss) from operations	3,121		3,506	(18,290)	8,530
Total Assets	89,956			89,956		$ 108,512
Intersegment Elimination [Member]
Summary of key financial data [Abstract]
Net sales	$ (29,254)		$ (60,989)	$ (59,347)	$ (120,677)
[1]	(Revised)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Related Party Transactions [Line Items]
Inventory purchase payment from joint venture	$ 0	$ 0.3	$ 0	$ 1.5
Joint venture liability	$ 0.5		$ 0.5
Power Solutions [Member]
Related Party Transactions [Line Items]
Minority interest ownership percentage	49.00%		49.00%

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	[1]	Dec. 31, 2015	[1]
Subsequent Event [Line Items]
Net book value of property			$ 53,713			$ 57,611
Consideration received from sale of property			$ 1	$ 58
Subsequent Event [Member]
Subsequent Event [Line Items]
Consideration received from sale of property	$ 2,100
Gain on sale of property		$ 2,000
Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Net book value of property	$ 100
[1]	(Revised)