Bel Fuse (BELFB) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Document Information [Line Items]
Entity Central Index Key	0000729580
Entity Registrant Name	BEL FUSE INC /NJ
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-11676
Entity Address, Address Line One	206 Van Vorst Street
Entity Address, City or Town	Jersey City
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07302
City Area Code	201
Local Phone Number	432-0463
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-1463699
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class B [Member]
Document Information [Line Items]
Title of 12(b) Security	Class B Common Stock ($0.10 par value)
Trading Symbol	BELFB
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		10,343,260
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock ($0.10 par value)
Trading Symbol	BELFA
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		2,141,589

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 65,830	$ 61,756
Accounts receivable, net of allowance for doubtful accounts of $1,380 and $1,536, respectively	98,777	87,135
Inventories	160,593	139,383
Unbilled receivables	23,277	28,275
Assets held for sale	1,626	1,626
Other current assets	10,999	10,841
Total current assets	361,102	329,016
Property, plant and equipment, net	36,105	38,210
Right-of-use assets	24,234	21,252
Intangible assets, net	56,563	60,995
Goodwill	24,771	26,651
Deferred income taxes	7,422	4,461
Other assets	32,163	31,261
Total assets	542,360	511,846
Current Liabilities:
Accounts payable	70,020	65,960
Accrued expenses	37,551	34,453
Operating lease liabilities, current	7,251	6,880
Other current liabilities	13,928	4,719
Total current liabilities	128,750	112,012
Long-term Liabilities:
Long-term debt	112,500	112,500
Operating lease liabilities, long-term	17,065	14,668
Liability for uncertain tax positions	24,576	28,434
Minimum pension obligation and unfunded pension liability	24,177	23,909
Deferred income taxes	1,286	1,487
Other liabilities	8,011	10,093
Total liabilities	316,365	303,103
Commitments and contingencies (see Note 14)
Stockholders' Equity:
Preferred stock, no par value, 1,000,000 shares authorized; none issued	0	0
Treasury stock (unrestricted, consisting of 3,323 Class A shares and 17,342 Class B shares)	(349)	0
Additional paid-in capital	39,509	38,419
Retained earnings	208,326	187,935
Accumulated other comprehensive loss	(22,741)	(18,863)
Total stockholders' equity	225,995	208,743
Total liabilities and stockholders' equity	542,360	511,846
Common Class A [Member]
Stockholders' Equity:
Class A common stock, par value $.10 per share, 10,000,000 shares authorized; 2,141,589 and 2,144,912 shares outstanding at June 30, 2022 and December 31, 2021, respectively (net of 1,072,769 restricted treasury shares)	214	214
Common Class B [Member]
Stockholders' Equity:
Class A common stock, par value $.10 per share, 10,000,000 shares authorized; 2,141,589 and 2,144,912 shares outstanding at June 30, 2022 and December 31, 2021, respectively (net of 1,072,769 restricted treasury shares)	$ 1,036	$ 1,038

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts receivable, allowance for doubtful accounts	$ 1,380	$ 1,536
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares outstanding (in shares)	2,141,589	2,144,912
Common stock, treasury shares (in shares)	3,323
Common Class A [Member] | Restricted Stock [Member]
Common stock, treasury shares (in shares)	1,072,769	1,072,769
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares outstanding (in shares)	10,343,260	10,377,102
Common stock, treasury shares (in shares)	17,342
Common Class B [Member] | Restricted Stock [Member]
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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net sales	$ 170,572	$ 138,741	$ 307,290	$ 249,385
Cost of sales	125,120	104,537	227,879	190,241
Gross profit	(45,452)	(34,204)	(79,411)	(59,144)
Research and development costs	4,661	5,464	9,505	10,384
Selling, general and administrative expenses	23,965	21,828	44,992	43,569
Restructuring charges	31	277	31	277
Gain on sale of property	0	0	0	(6,175)
Income from operations	16,795	6,635	24,883	11,089
Interest expense	(779)	(721)	(1,467)	(1,523)
Other (expense) income, net	(1,724)	113	(2,496)	660
Earnings before provision for income taxes	14,292	6,027	20,920	10,226
Benefit from income taxes	(2,746)	(1,853)	(1,182)	(854)
Net earnings available to common stockholders	17,038	7,880	22,102	11,080
Common Class A [Member]
Net earnings available to common stockholders	$ 2,793	$ 1,299	$ 3,614	$ 1,822
Net earnings per common share:
Class A common share - basic and diluted (in dollars per share)	$ 1.30	$ 0.61	$ 1.68	$ 0.85
Weighted-average number of shares outstanding:
Class A common share - basic and diluted (in shares)	2,144	2,145	2,145	2,145
Common Class B [Member]
Net earnings available to common stockholders	$ 14,245	$ 6,581	$ 18,488	$ 9,258
Net earnings per common share:
Class A common share - basic and diluted (in dollars per share)	$ 1.37	$ 0.64	$ 1.78	$ 0.91
Weighted-average number of shares outstanding:
Class A common share - basic and diluted (in shares)	10,362	10,237	10,368	10,220

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net earnings available to common stockholders	$ 17,038	$ 7,880	$ 22,102	$ 11,080
Other comprehensive (loss) income:
Currency translation adjustment, net of taxes of ($31), ($333), ($43) and ($324), respectively	(6,764)	2,540	(7,980)	11
Unrealized gains (losses) on interest rate swap cash flow hedge, net of taxes of $0 in all periods presented	1,008	0	3,992	0
Unrealized holding losses on marketable securities, net of taxes of $0 in all periods presented	(12)	0	(12)	(1)
Change in unfunded SERP liability, net of taxes of ($17), ($28), ($35) and ($56), respectively	61	100	122	199
Other comprehensive (loss) income	(5,707)	2,640	(3,878)	209
Comprehensive income	$ 11,331	$ 10,520	$ 18,224	$ 11,289

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Foreign currency translation adjustment, tax expense	$ (31)	$ (333)	$ (43)	$ (324)
Unrealized gains (losses) on interest rate swap cash flow hedge, tax	0	0	0	0
Unrealized holding losses on marketable securities arising during the period, tax	0	0	0	0
Change in unfunded SERP liability, tax	$ (17)	$ (28)	$ (35)	$ (56)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Class A [Member] Retained Earnings [Member]	Common Class A [Member] AOCI Attributable to Parent [Member]	Common Class A [Member] Common Stock, Common Class A [Member]	Common Class A [Member] Common Stock, Common Class B [Member]	Common Class A [Member] Treasury Stock [Member]	Common Class A [Member] Additional Paid-in Capital [Member]	Common Class A [Member]	Common Class B [Member] Retained Earnings [Member]	Common Class B [Member] AOCI Attributable to Parent [Member]	Common Class B [Member] Common Stock, Common Class A [Member]	Common Class B [Member] Common Stock, Common Class B [Member]	Common Class B [Member] Treasury Stock [Member]	Common Class B [Member] Additional Paid-in Capital [Member]	Common Class B [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Common Stock, Common Class A [Member]	Common Stock, Common Class B [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Total
Balance at Dec. 31, 2020															$ 166,491	$ (18,063)	$ 214	$ 1,021		$ 36,136	$ 185,799
Net earnings															3,199	0	0	0		0	3,199
Cash dividends declared on common stock	$ (128)	$ 0	$ 0	$ 0		$ 0	$ (128)	$ (716)	$ 0	$ 0	$ 0		$ 0	$ (716)
Forfeiture of restricted common stock															0	0	0	(1)			0
Forfeiture of restricted common stock, APIC																				1
Foreign currency translation adjustment, net of taxes															0	(2,529)	0	0		0	(2,529)
Stock-based compensation expense															0	0	0	0		600	600
Change in unfunded SERP liability, net of taxes															0	99	0	0		0	99
Unrealized holding losses on marketable securities, net of taxes of $0 in all periods presented															0	(1)	0	0		0	(1)
Balance at Mar. 31, 2021															168,846	(20,494)	214	1,020		36,737	186,323
Unrealized holding losses on marketable securities															0	(1)	0	0		0	(1)
Balance at Dec. 31, 2020															166,491	(18,063)	214	1,021		36,136	185,799
Net earnings							1,822							9,258							11,080
Cash dividends declared on common stock							(257)							(1,430)
Foreign currency translation adjustment, net of taxes																					11
Change in unfunded SERP liability, net of taxes																					199
Unrealized holding losses on marketable securities, net of taxes of $0 in all periods presented																					(1)
Balance at Jun. 30, 2021															175,883	(17,854)	214	1,027		37,328	196,598
Unrealized holding losses on marketable securities																					(1)
Balance at Mar. 31, 2021															168,846	(20,494)	214	1,020		36,737	186,323
Net earnings							1,299							6,581	7,880	0	0	0		0	7,880
Cash dividends declared on common stock	(129)	0	0	0		0	(129)	(714)	0	0	0		0	(714)
Forfeiture of restricted common stock															0	0	0	(1)			0
Forfeiture of restricted common stock, APIC																				1
Foreign currency translation adjustment, net of taxes															0	2,540	0	0		0	2,540
Stock-based compensation expense															0	0	0	0		598	598
Change in unfunded SERP liability, net of taxes															0	100	0	0		0	100
Unrealized holding losses on marketable securities, net of taxes of $0 in all periods presented																					0
Balance at Jun. 30, 2021															175,883	(17,854)	214	1,027		37,328	196,598
Unrealized holding losses on marketable securities																					0
Issuance of restricted common stock															0	0	0	8		(8)	0
Balance at Dec. 31, 2021															187,935	(18,863)	214	1,038	$ 0	38,419	208,743
Net earnings															5,064	0	0	0	0	0	5,064
Cash dividends declared on common stock	(129)	0	0	0	$ 0	0	(129)	(727)	0	0	0	$ 0	0	(727)
Forfeiture of restricted common stock															0	0	0	(1)			0
Forfeiture of restricted common stock, APIC																			0	1
Foreign currency translation adjustment, net of taxes															0	(1,216)	0	0	0	0	(1,216)
Unrealized gains on interest rate swap cash flow hedge															0	2,984	0	0	0	0	2,984
Stock-based compensation expense															0	0	0	0	0	576	576
Change in unfunded SERP liability, net of taxes															0	61	0	0	0	0	61
Balance at Mar. 31, 2022															192,143	(17,034)	214	1,037	0	38,996	215,356
Balance at Dec. 31, 2021															187,935	(18,863)	214	1,038	0	38,419	208,743
Net earnings							3,614							18,488							22,102
Cash dividends declared on common stock							(258)							(1,453)
Foreign currency translation adjustment, net of taxes																					(7,980)
Change in unfunded SERP liability, net of taxes																					122
Unrealized holding losses on marketable securities, net of taxes of $0 in all periods presented																					(12)
Balance at Jun. 30, 2022															208,326	(22,741)	214	1,036	(349)	39,509	225,995
Unrealized holding losses on marketable securities																					(12)
Balance at Mar. 31, 2022															192,143	(17,034)	214	1,037	0	38,996	215,356
Net earnings							2,793							14,245	17,038	0	0	0	0	0	17,038
Cash dividends declared on common stock	$ (129)	$ 0	$ 0	$ 0	$ 0	$ 0	$ (129)	$ (726)	$ 0	$ 0	$ 0	$ 0	$ 0	$ (726)
Forfeiture of restricted common stock															0	0	0	(1)			0
Forfeiture of restricted common stock, APIC																			0	1
Foreign currency translation adjustment, net of taxes															0	(6,764)	0	0	0	0	(6,764)
Unrealized gains on interest rate swap cash flow hedge															0	1,008	0	0	0	0	1,008
Stock-based compensation expense															0	0	0	0	0	512	512
Change in unfunded SERP liability, net of taxes															0	61	0	0	0	0	61
Repurchase of treasury stock															0	0	0	0	(349)	0	(349)
Unrealized holding losses on marketable securities, net of taxes of $0 in all periods presented															0	(12)	0	0	0	0	(12)
Balance at Jun. 30, 2022															208,326	(22,741)	214	1,036	(349)	39,509	225,995
Unrealized holding losses on marketable securities															$ 0	$ (12)	$ 0	$ 0	$ 0	$ 0	$ (12)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Common Class A [Member]
Dividends declared (in dollars per share)	$ 0.06	$ 0.06	$ 0.06	$ 0.06
Common Class B [Member]
Dividends declared (in dollars per share)	$ 0.07	$ 0.07	$ 0.07	$ 0.07
Foreign currency translation adjustment, tax expense	$ (31)	$ (12)	$ (333)	$ 9
Change in unfunded SERP liability, tax	(17)	$ (17)	(28)	$ (28)
Unrealized holding losses on marketable securities arising during the period, tax	$ 0		$ 0

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net earnings	$ 22,102	$ 11,080
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	8,316	8,478
Stock-based compensation	1,087	1,198
Amortization of deferred financing costs	34	331
Deferred income taxes	(2,965)	576
Net unrealized gains on foreign currency revaluation	(373)	(131)
Gains on sale of property	0	(6,175)
Other, net	90	496
Changes in operating assets and liabilities:
Accounts receivable, net	(12,704)	(12,593)
Unbilled receivables	4,998	(4,142)
Inventories	(25,284)	(10,362)
Accounts payable	6,323	11,066
Accrued expenses	4,421	4,148
Other operating assets/liabilities, net	5,101	(5,893)
Net cash provided by (used in) operating activities	11,146	(1,923)
Cash flows from investing activities:
Purchases of property, plant and equipment	(3,546)	(2,465)
Payments for acquisitions, net of cash acquired	0	(16,811)
Proceeds from sale of property, plant and equipment	87	6,756
Net cash used in investing activities	(3,459)	(12,520)
Cash flows from financing activities:
Dividends paid to common stockholders	(1,646)	(1,630)
Purchase of treasury stock	(349)	0
Repayments of long-term debt	0	(2,974)
Net cash used in financing activities	(1,995)	(4,604)
Effect of exchange rate changes on cash and cash equivalents	(1,618)	533
Net increase (decrease) in cash and cash equivalents	4,074	(18,514)
Cash and cash equivalents - beginning of period	61,756	84,939
Cash and cash equivalents - end of period	65,830	66,425
Supplementary information:
Cash paid during the period for income taxes, net of refunds received	4,614	2,036
Cash paid during the period for interest payments	1,105	1,174
ROU assets obtained in exchange for lease obligations	5,734	6,032
Goodwill	24,771
Cash paid for acquisitions, net of cash acquired	0	16,811
RMS and EOS Acquisitions [Member]
Supplementary information:
Fair value of identifiable net assets acquired	0	18,215
Goodwill	0	2,499
Fair value of net assets acquired	0	20,714
Fair value of consideration transferred	0	20,714
Less: Cash acquired in acquisitions	$ 0	$ (3,903)

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Accounting Policies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. BASIS OF PRESENTATION AND ACCOUNTING POLICIES The condensed consolidated balance sheets and statements of operations, comprehensive income, stockholders’ equity 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 six June 30, 2022 not 10 December 31, 2021 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 these condensed consolidated financial statements pursuant to the rules and regulations, including the interim reporting requirements, of the U.S. Securities and Exchange Commission (“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. The Company’s significant accounting policies are summarized in Note 1 10 December 31, 2021 no six June 30, 2022 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 August 2018, 2018 14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715 20 Changes to the Disclosure Requirements for Defined Benefit Plans 2018 14" not 2018 14 January 1, 2021. not In December 2019, 2019 12, Simplifying the Accounting for Income Taxes 2019 12" 740 January 1, 2021 not Accounting Standards Issued But Not In June 2016, 2016 13, Financial Instruments Credit Losses (Topic 326 2016 13” , December 15, 2022, 2016 13, not In March 2020, 2020 04, Reference Rate Reform (Topic 848 2020 04" 2020 04 January 2021, 2021 01, 848 December 31, 2022.

Note 2 - Acquisitions

Note 2 - Acquisitions	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2. ACQUISITIONS rms Connectors On January 8, 2021, 30 second 2021, EOS Power On March 31, 2021, December 31, 2020. The acquisitions of rms Connectors and EOS may "2021 "2021 three six June 30, 2021 2021 June 30, 2021 three six June 30, 2021 2021 three six June 30, 2022 The results of operations of the 2021 three six June 30, 2021 2021 March 31, 2021, not first 2021. 2021 2021 January 1, 2021. not not 2021 January 1, 2021, may The following unaudited pro forma consolidated results of operations assume that the acquisition of the 2021 January 1, 2021: Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 Revenue, net $ 138,741 $ 252,406 Net earnings 7,880 11,309 Earnings per Class A common share - basic and diluted 0.61 0.87 Earnings per Class B common share - basic and diluted 0.64 0.92

Note 3 - Revenue

Note 3 - Revenue	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3. REVENUE The following table provides information about disaggregated revenue by geographic region and sales channel, and includes a reconciliation of the disaggregated revenue to our reportable segments: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Connectivity Solutions Power Solutions and Protection Magnetic Solutions Consolidated Connectivity Solutions Power Solutions and Protection Magnetic Solutions Consolidated By Geographic Region: North America $ 34,781 $ 52,407 $ 14,248 $ 101,436 $ 67,313 $ 94,755 $ 25,126 $ 187,194 Europe 8,354 11,101 3,121 22,576 17,568 20,486 5,592 43,646 Asia 2,961 7,518 36,081 46,560 4,928 14,574 56,948 76,450 $ 46,096 $ 71,026 $ 53,450 $ 170,572 $ 89,809 $ 129,815 $ 87,666 $ 307,290 By Sales Channel: Direct to customer $ 28,544 $ 45,604 $ 39,515 $ 113,663 $ 54,597 $ 81,447 $ 65,254 $ 201,298 Through distribution 17,552 25,422 13,935 56,909 35,212 48,368 22,412 105,992 $ 46,096 $ 71,026 $ 53,450 $ 170,572 $ 89,809 $ 129,815 $ 87,666 $ 307,290 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Connectivity Solutions Power Solutions and Protection Magnetic Solutions Consolidated Connectivity Solutions Power Solutions and Protection Magnetic Solutions Consolidated By Geographic Region: North America $ 33,182 $ 37,867 $ 9,594 $ 80,643 $ 62,724 $ 67,644 $ 16,671 $ 147,039 Europe 7,557 9,668 2,242 19,467 14,304 19,627 3,491 37,422 Asia 2,307 7,855 28,469 38,631 4,074 11,760 49,090 64,924 $ 43,046 $ 55,390 $ 40,305 $ 138,741 $ 81,102 $ 99,031 $ 69,252 $ 249,385 By Sales Channel: Direct to customer $ 25,785 $ 34,116 $ 32,746 $ 92,647 $ 49,422 $ 60,605 $ 57,082 $ 167,109 Through distribution 17,261 21,274 7,559 46,094 31,680 38,426 12,170 82,276 $ 43,046 $ 55,390 $ 40,305 $ 138,741 $ 81,102 $ 99,031 $ 69,252 $ 249,385 June 30, 2022 December 31, 2021 June 30, December 31, 2022 2021 Contract assets - current (unbilled receivables) $ 23,277 $ 28,275 Contract liabilities - current (deferred revenue) $ 7,844 $ 2,224 The change in balance of our unbilled receivables from December 31, 2021 June 30, 2022 December 31, 2021 June 30, 2022 The aggregate amount of transaction price allocated to remaining performance obligations that have not June 30, 2022 one $96.0 2023 2025. 78% of 2023, 20% 2024 2025.

Note 4 - Earnings Per Share

Note 4 - Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	4. EARNINGS PER SHARE The following table sets forth the calculation of basic and diluted net earnings per common share under the two three six June 30, 2022 2021 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Numerator: Net earnings $ 17,038 $ 7,880 $ 22,102 $ 11,080 Less dividends declared: Class A 129 129 258 257 Class B 726 714 1,453 1,430 Undistributed earnings $ 16,183 $ 7,037 $ 20,391 $ 9,393 Undistributed earnings allocation - basic and diluted: Class A undistributed earnings $ 2,664 $ 1,170 $ 3,356 $ 1,565 Class B undistributed earnings 13,519 5,867 17,035 7,828 Total undistributed earnings $ 16,183 $ 7,037 $ 20,391 $ 9,393 Net earnings allocation - basic and diluted: Class A net earnings $ 2,793 $ 1,299 $ 3,614 $ 1,822 Class B net earnings 14,245 6,581 18,488 9,258 Net earnings $ 17,038 $ 7,880 $ 22,102 $ 11,080 Denominator: Weighted-average shares outstanding: Class A - basic and diluted 2,144 2,145 2,145 2,145 Class B - basic and diluted 10,362 10,237 10,368 10,220 Net earnings per share: Class A - basic and diluted $ 1.30 $ 0.61 $ 1.68 $ 0.85 Class B - basic and diluted $ 1.37 $ 0.64 $ 1.78 $ 0.91

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5. 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 may Level 1 Level 2 Level 3 no As of June 30, 2022 December 31, 2021 1 June 30, 2022 December 31, 2021 Throughout 2022 2021 0.3) June 30, 2022 December 31, 2021 2 During the fourth 2021, two 9, $3.9 June 30, 2022 December 31, 2021 The Company does not 3, no 1, 2 3 six June 30, 2022 June 30, 2021 no six June 30, 2022 June 30, 2021 There were no financial assets accounted for at fair value on a nonrecurring basis as of June 30, 2022 December 31, 2021 The Company has other financial instruments, such as cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, which are not June 30, 2022 December 31, 2021 not June 30, 2022 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 upon the occurrence of a triggering event or in the case of goodwill, on at least an annual basis. Based on the Company's assessment, it was concluded that no six June 30, 2022 June 30, 2021

Note 6 - Inventories

Note 6 - Inventories	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	6. INVENTORIES The components of inventories are as follows: June 30, December 31, 2022 2021 Raw materials $ 69,038 $ 67,127 Work in progress 46,462 31,103 Finished goods 45,093 41,153 Inventories $ 160,593 $ 139,383

Note 7 - Property, Plant and Eq

Note 7 - Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	7. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following: June 30, December 31, 2022 2021 Land $ 1,093 $ 1,105 Buildings and improvements 21,301 20,915 Machinery and equipment 122,537 120,961 Construction in progress 2,195 5,081 147,126 148,062 Accumulated depreciation (111,021 ) (109,852 ) Property, plant and equipment, net $ 36,105 $ 38,210 Depreciation expense was $2.3 million and $2.5 million, respectively, for the three June 30, 2022 2021 six June 30, 2022 2021 At each of June 30, 2022 December 31, 2021, 16,

Note 8 - Accrued Expenses

Note 8 - Accrued Expenses	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	8. ACCRUED EXPENSES Accrued expenses consist of the following: June 30, December 31, 2022 2021 Sales commissions $ 2,369 $ 2,049 Subcontracting labor 3,301 1,622 Salaries, bonuses and related benefits 21,725 21,342 Warranty accrual 1,177 1,056 Other 8,979 8,384 $ 37,551 $ 34,453 The change in warranty accrual during the six June 30, 2022 no six June 30, 2022

Note 9 - Derivative Instruments

Note 9 - Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	9. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Our primary objective for holding derivative financial instruments is to manage foreign currency exchange rate risk and interest rate risk, when deemed appropriate. We enter into these contracts in the normal course of business to mitigate risks and not Foreign Currency Forward Contracts Under our risk management strategy, we periodically use foreign currency forward contracts to manage our short-term exposures to fluctuations in operational cash flows resulting from changes in foreign currency exchange rates. These cash flow exposures result from portions of our forecasted operating expenses, primarily compensation and related expenses, which are transacted in currencies other than the U.S. dollar, most notably the Chinese Renminbi and the Mexican Peso. These foreign currency forward contracts generally have maturities of no twelve twelve We held outstanding foreign currency forward contracts with notional amounts of $15.4 June 30, 2022 December 31, 2021, Interest Rate Swap Agreements To partially mitigate risks associated with the variable interest rates on the revolver borrowings under the credit agreement (further described in Note 10, December 2021, two one one $30.0 “2021 2021 December 31, 2021, January 31, 2022 2021 August 31, 2026. The 2021 Fair Values of Derivative Financial Instruments The fair values of our derivative financial instruments and their classifications in our condensed consolidated balance sheets as of June 30, 2022 December 31, 2021 Balance Sheet Classification June 30, 2022 December 31, 2021 Derivative assets: Foreign currency forward contracts: Designated as cash flow hedges Other current assets $ - $ 57 Interest rate swap agreements: Designated as a cash flow hedge Other assets 3,875 - Total derivative assets $ 3,875 $ 57 Derivative liabilities: Foreign currency forward contracts: Designated as cash flow hedges Other current liabilities $ 302 $ - Not designated as hedging instruments Other current liabilities - 19 Interest rate swap agreements: Designated as a cash flow hedge Other long-term liabilities - 116 Total derivative liabilities $ 302 $ 135 Derivative Financial Instruments in Cash Flow Hedging Relationships The effects of derivative financial instruments designated as cash flow hedges on accumulated other comprehensive loss (“AOCL”) and on the condensed consolidated statements of operations for the three six June 30, 2022 2021 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net (losses) gains recognized in AOCL: Foreign currency forward contracts $ (679 ) $ - $ (525 ) $ - Interest rate swap agreements 924 - 3,733 - $ 245 $ - $ 3,208 $ - Net losses reclassified from AOCL to the consolidated statement of operations: Foreign currency forward contracts $ (140 ) $ - $ (73 ) $ - Interest rate swap agreements (83 ) - (259 ) - $ (223 ) $ - $ (332 ) $ - The gain related to the foreign currency forward contracts is included as a component of currency translation adjustment on the accompanying condensed consolidated statements of comprehensive income at June 30, 2022 December 31, 2021. June 30, 2022 December 31, 2021 Derivative Financial Instruments Not Gains recognized on derivative financial instruments not three six June 30, 2022 2021 Three Months Ended June 30, Six Months Ended June 30, Classification in Consolidated Statements of Operations 2022 2021 2022 2021 Foreign currency forward contracts Other (expense) income, net 48 41 41 51 $ 48 $ 41 $ 41 $ 51

Note 10 - Debt

Note 10 - Debt	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	10. DEBT The Company has a Credit and Security Agreement with KeyBank National Association (as amended, the "credit agreement" or the "CSA"). The CSA provides a $175 million 5-year senior secured revolving credit facility ("Revolver"), with a sublimit of up to $10 million available for letters of credit and a sublimit of up to $5 million available for swing line loans. The Company had $112.5 million in outstanding borrowings under the Revolver at each of June 30, 2022 December 31, 2021 September 1, 2026. The weighted-average interest rate in effect for the variable-rate portion of our outstanding borrowings ($52.5 million at each date) was 2.56% at June 30, 2022 December 31, 2021 9, 2021 2021 one 2021 second 2022. 2021 three June 30, 2022 June 30, 2021 six June 30, 2022 2021, The CSA contains customary representations and warranties, covenants and events of default. In addition, the CSA contains financial covenants that measure (i) the ratio of the Company’s total funded indebtedness, on a consolidated basis, less the aggregate amount of all unencumbered cash and cash equivalents, to the amount of the Company’s consolidated EBITDA (“Leverage Ratio”) and (ii) the ratio of the amount of the Company’s consolidated EBITDA to the Company’s consolidated fixed charges (“Fixed Charge Coverage Ratio”). 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, 2022 the Leverage Ratio.

Note 11 - Income Taxes

Note 11 - Income Taxes	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11. INCOME TAXES The Company's estimated taxable income in future periods is not not no 2018 2015. no 2012 2013 As a result of the expiration of the statutes of limitations for specific jurisdictions, it is reasonably possible that the related unrecognized benefits for tax positions taken regarding previously filed tax returns may June 30, 2022. June 30, 2022 December 31, 2021, December 31, 2021 2022 The Company’s policy is to recognize interest and penalties related to uncertain tax positions as a component of the current provision for income taxes. During the six June 30, 2022 2021, June 30, 2022 December 31, 2021,

Note 12 - Retirement, Savings a

Note 12 - Retirement, Savings and Deferred Compensation Plans	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Retirement Benefits [Text Block]	12. RETIREMENT, SAVINGS AND DEFERRED COMPENSATION PLANS 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 1986, three June 30, 2022 2021 $0.3 million for each period. The expense for the six June 30, 2022 2021 amounted to $0.7 million and $0.6 milli June 30, 2022 333,576 and 97,808 The Company also maintains a Nonqualified Deferred Compensation Plan (the "DCP"). With certain exception, the Company's contributions to the DCP are discretionary and become fully vested by the participants upon reaching age 65. The expense for the three June 30, 2022 2021 six June 30, 2022 2021 June 30, 2022 December 31, 2021. 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 June 30, 2022 2021 d to $0.8 million and $0.2 million, respectively, and the expense for the six June 30, 2022 2021 amounted to $1.6 million and $0.3 million, respectively. As of December 31, 2021, second 2022, June 30, 2022. The Company maintains a SERP, which is designed to provide a limited group of key management and other key employees of the Company with supplemental retirement and death benefits. As discussed in Note 5 The components of SERP expense are as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Service cost $ 126 $ 169 $ 251 $ 339 Interest cost 159 135 318 270 Net amortization 78 127 156 255 Net periodic benefit cost $ 363 $ 431 $ 725 $ 864 The service cost component of net benefit cost is presented within cost of sales or selling, general and administrative expense on the accompanying condensed consolidated statements of operations, in accordance with where compensation cost for the related associate is reported. All other components of net benefit cost, including interest cost and net amortization noted above, are presented within other (expense) income, net in the accompanying condensed consolidated statements of operations. The following amounts are recognized net of tax in accumulated other comprehensive loss: June 30, December 31, 2022 2021 Prior service cost $ 397 $ 460 Net loss 1,298 1,391 $ 1,695 $ 1,851

Note 13 - Accumulated Other Com

Note 13 - Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	13. ACCUMULATED OTHER COMPREHENSIVE LOSS The components of accumulated other comprehensive loss at June 30, 2022 December 31, 2021 June 30, December 31, 2022 2021 Foreign currency translation adjustment, net of taxes of ($373) ($417) $ (22,891 ) $ (14,911 ) Unrealized gains (losses) on interest rate swap cash flow hedge, net of taxes of $0 $0 3,876 (116 ) Unrealized holding gains (losses) on marketable securities, net of taxes of ($7) ($7) 17 29 Unfunded SERP liability, net of taxes of ($468) ($502) (3,743 ) (3,865 ) Accumulated other comprehensive loss $ (22,741 ) $ (18,863 ) Changes in accumulated other comprehensive loss by component during the six June 30, 2022 Unrealized Unrealized Foreign Currency Gains (Losses) on Holding Gains Translation Interest Rate Swap (Losses) on Unfunded Adjustment Cash Flow Hedge Marketable Securities SERP Liability Total Balance at December 31, 2021 $ (14,911 ) $ (116 ) $ 29 $ (3,865 ) $ (18,863 ) Other comprehensive (loss) income before reclassifications (8,053 ) 3,733 (12 ) (6 ) (4,338 ) Amount reclassified from accumulated other comprehensive loss 73 259 - 128 (a) 460 Net current period other comprehensive (loss) income (7,980 ) 3,992 (12 ) 122 (3,878 ) Balance at June 30, 2022 $ (22,891 ) $ 3,876 $ 17 $ (3,743 ) $ (22,741 ) (a) This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP Plan. This expense is reflected in other (expense) income, net on the accompanying condensed consolidated statements of operations.

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	14. COMMITMENTS AND CONTINGENCIES Legal Proceedings On June 23, 2021, Bel Power Solutions, Inc. v. Monolithic Power Systems, Inc. 6:21cv00655, September 2021. May 5, 2022, In connection with the Company's 2014 2004 2006. September 2012, February 2013, October 2, 2014. October 13, 2014, July 18, 2015 December 5, 2016, January 4, 2017. June 30, 2022 December 31, 2021 The Company is not

Note 15 - Segments

Note 15 - Segments	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	15. SEGMENTS The Company operates in one industry with three reportable operating segments, which represent the Company's three product groups and a corporate segment. The segments consist of Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions and a Corporate segment. The primary criteria by which financial performance is evaluated and resources are allocated are revenue and gross profit. The following is a summary of key financial data: Three Months Ended June 30, 2022 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 46,096 $ 71,026 $ 53,450 $ - $ 170,572 Gross Profit 12,718 20,036 15,085 (2,387 ) 45,452 Gross Profit % 27.6 % 28.2 % 28.2 % nm 26.6 % Three Months Ended June 30, 2021 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 43,046 $ 55,390 $ 40,305 $ - $ 138,741 Gross Profit 13,050 14,373 9,343 (2,562 ) 34,204 Gross Profit % 30.3 % 25.9 % 23.2 % nm 24.7 % Six Months Ended June 30, 2022 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 89,809 $ 129,815 $ 87,666 $ - $ 307,290 Gross Profit 24,315 35,974 21,975 (2,853 ) 79,411 Gross Profit % 27.1 % 27.7 % 25.1 % nm 25.8 % Six Months Ended June 30, 2021 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 81,102 $ 99,031 $ 69,252 $ - $ 249,385 Gross Profit 22,823 25,155 13,304 (2,138 ) 59,144 Gross Profit % 28.1 % 25.4 % 19.2 % nm 23.7 %

Note 16 - Subsequent Event

Note 16 - Subsequent Event	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	16. SUBSEQUENT EVENT On July 21, 2022, one two third 2022

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Standards In August 2018, 2018 14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715 20 Changes to the Disclosure Requirements for Defined Benefit Plans 2018 14" not 2018 14 January 1, 2021. not In December 2019, 2019 12, Simplifying the Accounting for Income Taxes 2019 12" 740 January 1, 2021 not Accounting Standards Issued But Not In June 2016, 2016 13, Financial Instruments Credit Losses (Topic 326 2016 13” , December 15, 2022, 2016 13, not In March 2020, 2020 04, Reference Rate Reform (Topic 848 2020 04" 2020 04 January 2021, 2021 01, 848 December 31, 2022.

Note 2 - Acquisitions (Tables)

Note 2 - Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 Revenue, net $ 138,741 $ 252,406 Net earnings 7,880 11,309 Earnings per Class A common share - basic and diluted 0.61 0.87 Earnings per Class B common share - basic and diluted 0.64 0.92

Note 3 - Revenue (Tables)

Note 3 - Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Connectivity Solutions Power Solutions and Protection Magnetic Solutions Consolidated Connectivity Solutions Power Solutions and Protection Magnetic Solutions Consolidated By Geographic Region: North America $ 34,781 $ 52,407 $ 14,248 $ 101,436 $ 67,313 $ 94,755 $ 25,126 $ 187,194 Europe 8,354 11,101 3,121 22,576 17,568 20,486 5,592 43,646 Asia 2,961 7,518 36,081 46,560 4,928 14,574 56,948 76,450 $ 46,096 $ 71,026 $ 53,450 $ 170,572 $ 89,809 $ 129,815 $ 87,666 $ 307,290 By Sales Channel: Direct to customer $ 28,544 $ 45,604 $ 39,515 $ 113,663 $ 54,597 $ 81,447 $ 65,254 $ 201,298 Through distribution 17,552 25,422 13,935 56,909 35,212 48,368 22,412 105,992 $ 46,096 $ 71,026 $ 53,450 $ 170,572 $ 89,809 $ 129,815 $ 87,666 $ 307,290 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Connectivity Solutions Power Solutions and Protection Magnetic Solutions Consolidated Connectivity Solutions Power Solutions and Protection Magnetic Solutions Consolidated By Geographic Region: North America $ 33,182 $ 37,867 $ 9,594 $ 80,643 $ 62,724 $ 67,644 $ 16,671 $ 147,039 Europe 7,557 9,668 2,242 19,467 14,304 19,627 3,491 37,422 Asia 2,307 7,855 28,469 38,631 4,074 11,760 49,090 64,924 $ 43,046 $ 55,390 $ 40,305 $ 138,741 $ 81,102 $ 99,031 $ 69,252 $ 249,385 By Sales Channel: Direct to customer $ 25,785 $ 34,116 $ 32,746 $ 92,647 $ 49,422 $ 60,605 $ 57,082 $ 167,109 Through distribution 17,261 21,274 7,559 46,094 31,680 38,426 12,170 82,276 $ 43,046 $ 55,390 $ 40,305 $ 138,741 $ 81,102 $ 99,031 $ 69,252 $ 249,385
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	June 30, December 31, 2022 2021 Contract assets - current (unbilled receivables) $ 23,277 $ 28,275 Contract liabilities - current (deferred revenue) $ 7,844 $ 2,224

Note 4 - Earnings Per Share (Ta

Note 4 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Numerator: Net earnings $ 17,038 $ 7,880 $ 22,102 $ 11,080 Less dividends declared: Class A 129 129 258 257 Class B 726 714 1,453 1,430 Undistributed earnings $ 16,183 $ 7,037 $ 20,391 $ 9,393 Undistributed earnings allocation - basic and diluted: Class A undistributed earnings $ 2,664 $ 1,170 $ 3,356 $ 1,565 Class B undistributed earnings 13,519 5,867 17,035 7,828 Total undistributed earnings $ 16,183 $ 7,037 $ 20,391 $ 9,393 Net earnings allocation - basic and diluted: Class A net earnings $ 2,793 $ 1,299 $ 3,614 $ 1,822 Class B net earnings 14,245 6,581 18,488 9,258 Net earnings $ 17,038 $ 7,880 $ 22,102 $ 11,080 Denominator: Weighted-average shares outstanding: Class A - basic and diluted 2,144 2,145 2,145 2,145 Class B - basic and diluted 10,362 10,237 10,368 10,220 Net earnings per share: Class A - basic and diluted $ 1.30 $ 0.61 $ 1.68 $ 0.85 Class B - basic and diluted $ 1.37 $ 0.64 $ 1.78 $ 0.91

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2022 2021 Raw materials $ 69,038 $ 67,127 Work in progress 46,462 31,103 Finished goods 45,093 41,153 Inventories $ 160,593 $ 139,383

Note 7 - Property, Plant and _2

Note 7 - Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2022 2021 Land $ 1,093 $ 1,105 Buildings and improvements 21,301 20,915 Machinery and equipment 122,537 120,961 Construction in progress 2,195 5,081 147,126 148,062 Accumulated depreciation (111,021 ) (109,852 ) Property, plant and equipment, net $ 36,105 $ 38,210

Note 8 - Accrued Expenses (Tabl

Note 8 - Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	June 30, December 31, 2022 2021 Sales commissions $ 2,369 $ 2,049 Subcontracting labor 3,301 1,622 Salaries, bonuses and related benefits 21,725 21,342 Warranty accrual 1,177 1,056 Other 8,979 8,384 $ 37,551 $ 34,453

Note 9 - Derivative Instrumen_2

Note 9 - Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Classification June 30, 2022 December 31, 2021 Derivative assets: Foreign currency forward contracts: Designated as cash flow hedges Other current assets $ - $ 57 Interest rate swap agreements: Designated as a cash flow hedge Other assets 3,875 - Total derivative assets $ 3,875 $ 57 Derivative liabilities: Foreign currency forward contracts: Designated as cash flow hedges Other current liabilities $ 302 $ - Not designated as hedging instruments Other current liabilities - 19 Interest rate swap agreements: Designated as a cash flow hedge Other long-term liabilities - 116 Total derivative liabilities $ 302 $ 135
Derivative Instruments, Gain (Loss) [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net (losses) gains recognized in AOCL: Foreign currency forward contracts $ (679 ) $ - $ (525 ) $ - Interest rate swap agreements 924 - 3,733 - $ 245 $ - $ 3,208 $ - Net losses reclassified from AOCL to the consolidated statement of operations: Foreign currency forward contracts $ (140 ) $ - $ (73 ) $ - Interest rate swap agreements (83 ) - (259 ) - $ (223 ) $ - $ (332 ) $ -
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, Classification in Consolidated Statements of Operations 2022 2021 2022 2021 Foreign currency forward contracts Other (expense) income, net 48 41 41 51 $ 48 $ 41 $ 41 $ 51

Note 12 - Retirement, Savings_2

Note 12 - Retirement, Savings and Deferred Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Service cost $ 126 $ 169 $ 251 $ 339 Interest cost 159 135 318 270 Net amortization 78 127 156 255 Net periodic benefit cost $ 363 $ 431 $ 725 $ 864
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	June 30, December 31, 2022 2021 Prior service cost $ 397 $ 460 Net loss 1,298 1,391 $ 1,695 $ 1,851

Note 13 - Accumulated Other C_2

Note 13 - Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	June 30, December 31, 2022 2021 Foreign currency translation adjustment, net of taxes of ($373) ($417) $ (22,891 ) $ (14,911 ) Unrealized gains (losses) on interest rate swap cash flow hedge, net of taxes of $0 $0 3,876 (116 ) Unrealized holding gains (losses) on marketable securities, net of taxes of ($7) ($7) 17 29 Unfunded SERP liability, net of taxes of ($468) ($502) (3,743 ) (3,865 ) Accumulated other comprehensive loss $ (22,741 ) $ (18,863 )
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component [Table Text Block]	Unrealized Unrealized Foreign Currency Gains (Losses) on Holding Gains Translation Interest Rate Swap (Losses) on Unfunded Adjustment Cash Flow Hedge Marketable Securities SERP Liability Total Balance at December 31, 2021 $ (14,911 ) $ (116 ) $ 29 $ (3,865 ) $ (18,863 ) Other comprehensive (loss) income before reclassifications (8,053 ) 3,733 (12 ) (6 ) (4,338 ) Amount reclassified from accumulated other comprehensive loss 73 259 - 128 (a) 460 Net current period other comprehensive (loss) income (7,980 ) 3,992 (12 ) 122 (3,878 ) Balance at June 30, 2022 $ (22,891 ) $ 3,876 $ 17 $ (3,743 ) $ (22,741 )

Note 15 - Segments (Tables)

Note 15 - Segments (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, 2022 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 46,096 $ 71,026 $ 53,450 $ - $ 170,572 Gross Profit 12,718 20,036 15,085 (2,387 ) 45,452 Gross Profit % 27.6 % 28.2 % 28.2 % nm 26.6 % Three Months Ended June 30, 2021 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 43,046 $ 55,390 $ 40,305 $ - $ 138,741 Gross Profit 13,050 14,373 9,343 (2,562 ) 34,204 Gross Profit % 30.3 % 25.9 % 23.2 % nm 24.7 % Six Months Ended June 30, 2022 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 89,809 $ 129,815 $ 87,666 $ - $ 307,290 Gross Profit 24,315 35,974 21,975 (2,853 ) 79,411 Gross Profit % 27.1 % 27.7 % 25.1 % nm 25.8 % Six Months Ended June 30, 2021 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 81,102 $ 99,031 $ 69,252 $ - $ 249,385 Gross Profit 22,823 25,155 13,304 (2,138 ) 59,144 Gross Profit % 28.1 % 25.4 % 19.2 % nm 23.7 %

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2021	Jan. 08, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2020
Payments to Acquire Businesses, Net of Cash Acquired, Total					$ 0	$ 16,811
EOS Power Panama Inc. [Member]
Revenues, Total							$ 12,000
Business Combination, Acquisition Related Costs			$ 0	$ 300	$ 0	500
RMS and EOS Acquisitions [Member]
Revenues, Total				6,000		8,100
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual				$ 1,000		$ 1,400
rms Connectors, Inc. [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total		$ 9,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred	$ (7,800)

Note 2 - Acquisitions - Proform

Note 2 - Acquisitions - Proforma Results (Details) - The 2021 Acquisitions [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Revenue, net	$ 138,741	$ 252,406
Net earnings	$ 7,880	$ 11,309
Common Class A [Member]
Earnings per Class A common share - basic and diluted (in dollars per share)	$ 0.61	$ 0.87
Common Class B [Member]
Earnings per Class A common share - basic and diluted (in dollars per share)	$ 0.64	$ 0.92

Note 3 - Revenue 1 (Details Tex

Note 3 - Revenue 1 (Details Textual) $ in Millions	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 96

Note 3 - Revenue 2 (Details Tex

Note 3 - Revenue 2 (Details Textual)	Jun. 30, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Percentage	78%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Percentage	20%

Note 3 - Revenue - Disaggregati

Note 3 - Revenue - Disaggregation of Revenue by Product Group and Sales Channel (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net sales	$ 170,572	$ 138,741	$ 307,290	$ 249,385
Sales Channel, Directly to Consumer [Member]
Net sales	113,663	92,647	201,298	167,109
Sales Channel, Through Intermediary [Member]
Net sales	56,909	46,094	105,992	82,276
Connectivity Solutions [Member]
Net sales	46,096	43,046	89,809	81,102
Connectivity Solutions [Member] | Sales Channel, Directly to Consumer [Member]
Net sales	28,544	25,785	54,597	49,422
Connectivity Solutions [Member] | Sales Channel, Through Intermediary [Member]
Net sales	17,552	17,261	35,212	31,680
Power Solutions and Protection [Member]
Net sales	71,026	55,390	129,815	99,031
Power Solutions and Protection [Member] | Sales Channel, Directly to Consumer [Member]
Net sales	45,604	34,116	81,447	60,605
Power Solutions and Protection [Member] | Sales Channel, Through Intermediary [Member]
Net sales	25,422	21,274	48,368	38,426
Magnetic Solutions [Member]
Net sales	53,450	40,305	87,666	69,252
Magnetic Solutions [Member] | Sales Channel, Directly to Consumer [Member]
Net sales	39,515	32,746	65,254	57,082
Magnetic Solutions [Member] | Sales Channel, Through Intermediary [Member]
Net sales	13,935	7,559	22,412	12,170
North America [Member]
Net sales	101,436	80,643	187,194	147,039
North America [Member] | Connectivity Solutions [Member]
Net sales	34,781	33,182	67,313	62,724
North America [Member] | Power Solutions and Protection [Member]
Net sales	52,407	37,867	94,755	67,644
North America [Member] | Magnetic Solutions [Member]
Net sales	14,248	9,594	25,126	16,671
Europe [Member]
Net sales	22,576	19,467	43,646	37,422
Europe [Member] | Connectivity Solutions [Member]
Net sales	8,354	7,557	17,568	14,304
Europe [Member] | Power Solutions and Protection [Member]
Net sales	11,101	9,668	20,486	19,627
Europe [Member] | Magnetic Solutions [Member]
Net sales	3,121	2,242	5,592	3,491
Asia [Member]
Net sales	46,560	38,631	76,450	64,924
Asia [Member] | Connectivity Solutions [Member]
Net sales	2,961	2,307	4,928	4,074
Asia [Member] | Power Solutions and Protection [Member]
Net sales	7,518	7,855	14,574	11,760
Asia [Member] | Magnetic Solutions [Member]
Net sales	$ 36,081	$ 28,469	$ 56,948	$ 49,090

Note 3 - Revenue - Contract Ass

Note 3 - Revenue - Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Contract assets - current (unbilled receivables)	$ 23,277	$ 28,275
Contract liabilities - current (deferred revenue)	$ 7,844	$ 2,224

Note 4 - Earnings Per Share - B

Note 4 - Earnings Per Share - Basic and Diluted Net Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Net earnings	$ 17,038	$ 5,064	$ 7,880	$ 3,199	$ 22,102	$ 11,080
Undistributed earnings	16,183		7,037		20,391	9,393
Common Class A [Member]
Net earnings	2,793		1,299		3,614	1,822
Less dividends declared	129	129	129	128	258	257
Undistributed earnings	$ 2,664		$ 1,170		$ 3,356	$ 1,565
Class A - basic and diluted (in shares)	2,144		2,145		2,145	2,145
Class A common share - basic and diluted (in dollars per share)	$ 1.30		$ 0.61		$ 1.68	$ 0.85
Common Class B [Member]
Net earnings	$ 14,245		$ 6,581		$ 18,488	$ 9,258
Less dividends declared	726	$ 727	714	$ 716	1,453	1,430
Undistributed earnings	$ 13,519		$ 5,867		$ 17,035	$ 7,828
Class A - basic and diluted (in shares)	10,362		10,237		10,368	10,220
Class A common share - basic and diluted (in dollars per share)	$ 1.37		$ 0.64		$ 1.78	$ 0.91

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivative Asset, Total	$ 3,875	$ 57
Long-Term Debt, Fair Value	112,500	112,500
Long-Term Debt, Gross	112,500	112,500
Fair Value, Nonrecurring [Member]
Assets, Fair Value Disclosure		0
Foreign Exchange Forward [Member] | Maximum [Member]
Derivative Asset, Total	300	100
Interest Rate Swap [Member]
Derivative Asset, Total	3,900	100
Investments Held in Rabbi Trust [Member]
Debt Securities, Available-for-Sale, Total	$ 100	$ 300

Note 6 - Inventories - Componen

Note 6 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Raw materials	$ 69,038	$ 67,127
Work in progress	46,462	31,103
Finished goods	45,093	41,153
Inventories	$ 160,593	$ 139,383

Note 7 - Property, Plant and _3

Note 7 - Property, Plant and Equipment, Net (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Depreciation, Total	$ 2.3	$ 2.5	$ 4.7	$ 5
Assets Held-for-sale, Not Part of Disposal Group, Total	$ 1.6		$ 1.6		$ 1.6

Note 7 - Property, Plant and _4

Note 7 - Property, Plant and Equipment, Net - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property, plant and equipment, gross	$ 147,126	$ 148,062
Accumulated depreciation	(111,021)	(109,852)
Property, plant and equipment, net	36,105	38,210
Land [Member]
Property, plant and equipment, gross	1,093	1,105
Building and Building Improvements [Member]
Property, plant and equipment, gross	21,301	20,915
Machinery and Equipment [Member]
Property, plant and equipment, gross	122,537	120,961
Construction in Progress [Member]
Property, plant and equipment, gross	$ 2,195	$ 5,081

Note 8 - Accrued Expenses - Acc

Note 8 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Sales commissions	$ 2,369	$ 2,049
Subcontracting labor	3,301	1,622
Salaries, bonuses and related benefits	21,725	21,342
Warranty accrual	1,177	1,056
Other	8,979	8,384
Accrued Liabilities, Current, Total	$ 37,551	$ 34,453

Note 9 - Derivative Instrumen_3

Note 9 - Derivative Instruments and Hedging Activities (Details Textual) - USD ($) $ in Millions	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Foreign Exchange Forward [Member]
Derivative, Notional Amount	$ 15.4		$ 17.1
The 2021 Swaps One [Member]
Derivative, Notional Amount		$ 30
Derivative, Fixed Interest Rate		1.3055%	1.3055%
The 2021 Swaps Two [Member]
Derivative, Notional Amount		$ 30
Derivative, Fixed Interest Rate		1.318%	1.318%

Note 9 - Derivative Instrumen_4

Note 9 - Derivative Instruments and Hedging Activities - Fair Value of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Total derivative assets	$ 3,875	$ 57
Total derivative liabilities	302	135
Interest Rate Swap [Member]
Total derivative assets	3,900	100
Other Current Assets [Member] | Foreign Exchange Forward [Member]
Designated as cash flow hedges	0	57
Other Noncurrent Assets [Member] | Interest Rate Swap [Member]
Designated as a cash flow hedge	3,875	0
Other Current Liabilities [Member] | Foreign Exchange Forward [Member]
Designated as a cash flow hedge	302	0
Not designated as hedging instruments	0	19
Other Noncurrent Liabilities [Member] | Interest Rate Swap [Member]
Designated as a cash flow hedge	$ 0	$ 116

Note 9 - Derivative Instrumen_5

Note 9 - Derivative Instruments and Hedging Activities - Derivative Financial Instruments Effects on Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net (losses) gains recognized in AOCL	$ 245	$ 0	$ 3,208	$ 0
Net losses reclassified from AOCL to the consolidated statement of operations	(223)	0	(332)	0
Foreign Exchange Forward [Member]
Net (losses) gains recognized in AOCL	(679)	0	(525)	0
Net losses reclassified from AOCL to the consolidated statement of operations	(140)	0	(73)	0
Interest Rate Swap [Member]
Net (losses) gains recognized in AOCL	924	0	3,733	0
Net losses reclassified from AOCL to the consolidated statement of operations	$ (83)	$ 0	$ (259)	$ 0

Note 9 - Derivative Instrumen_6

Note 9 - Derivative Instruments and Hedging Activities - (Losses) Gains Recognized on Derivatives Instruments Not Designated as Hedging (Details) - Nonoperating Income (Expense) [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative instruments gain (loss)	$ 48	$ 41	$ 41	$ 51
Foreign Exchange Forward [Member]
Derivative instruments gain (loss)	$ 48	$ 41	$ 41	$ 51

Note 10 - Debt (Details Textual

Note 10 - Debt (Details Textual) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Sep. 02, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021
Interest Rate Swap [Member]
Derivative, Notional Amount							$ 30
The 2021 Swaps [Member]
Derivative, Notional Amount							$ 60
The 2021 Swaps One [Member]
Derivative, Notional Amount						$ 30
Derivative, Fixed Interest Rate						1.3055%	1.3055%
The 2021 Swaps Two [Member]
Derivative, Notional Amount						$ 30
Derivative, Fixed Interest Rate						1.318%	1.318%
Credit and Security Agreement with KeyBank [Member]
Long-Term Debt, Percentage Bearing Variable Interest, Amount		$ 52.5		$ 52.5			$ 52.5
Debt, Weighted Average Interest Rate		2.56%		2.56%			1.60%
Debt Instrument, Interest Rate, Effective Percentage		2.98%		2.98%
Interest Expense, Debt, Total		$ 0.8	$ 0.7	$ 1.5	$ 1.5
Credit and Security Agreement with KeyBank [Member] | Term Loan [Member]
Long-Term Debt, Total		$ 112.5		$ 112.5			$ 112.5
Credit and Security Agreement with KeyBank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 175
Debt Instrument, Term (Year)	5 years
Line of Credit Facility, Maximum Letters of Credit Capacity	$ 10
Line of Credit Facility, Maximum Swing Line Loan Capacity	$ 5

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Unrecognized Tax Benefits, Ending Balance	$ 24.6		$ 28.4
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations			4.1
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total	0.3	$ 0.4
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 3.6		$ 5

Note 12 - Retirement, Savings_3

Note 12 - Retirement, Savings and Deferred Compensation Plans (Details Textual) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) shares
Bel Fuse Inc. Employees' Savings Plan [Member]
Defined Contribution Plan, Cost | $	$ 0.3	$ 0.3	$ 0.7	$ 0.6
Bel Fuse Inc. Employees' Savings Plan [Member] | Common Class A [Member]
Shares Held in Plan (in shares) | shares	333,576		333,576
Bel Fuse Inc. Employees' Savings Plan [Member] | Common Class B [Member]
Shares Held in Plan (in shares) | shares	97,808		97,808
Nonqualified Deferred Compensation Plan [Member]
Deferred Compensation Arrangement, Vesting Age	65		65
Deferred Compensation Plan Assets | $	$ 0.6		$ 0.6		$ 0.8
Nonqualified Deferred Compensation Plan [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Compensation Expense | $	0.1	0.1	0.1	0.1
Retirement Fund Covering Hong Kong-based Employees [Member]
Defined Contribution Plan, Cost | $	$ 0.8	$ 0.2	$ 1.6	$ 0.3
Retirement Fund Covering Hong Kong-based Employees [Member] | Common Class A [Member]
Shares Held in Plan (in shares) | shares	0		0		3,323
Retirement Fund Covering Hong Kong-based Employees [Member] | Common Class B [Member]
Shares Held in Plan (in shares) | shares	0		0		17,342

Note 12 - Retirement, Savings_4

Note 12 - Retirement, Savings and Deferred Compensation Plans - Components of SERP Expense (Details) - Supplemental Employee Retirement Plan [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Service cost	$ 126	$ 169	$ 251	$ 339
Interest cost	159	135	318	270
Net amortization	78	127	156	255
Net periodic benefit cost	$ 363	$ 431	$ 725	$ 864

Note 12 - Retirement, Savings_5

Note 12 - Retirement, Savings and Deferred Compensation Plans - Amounts Recognized in Accumulated Other Comprehensive Loss (Details) - Supplemental Employee Retirement Plan [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Prior service cost	$ 397	$ 460
Net loss	1,298	1,391
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax, Total	$ 1,695	$ 1,851

Note 13 - Accumulated Other C_3

Note 13 - Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Foreign currency translation adjustment, net of taxes of ($373) at June 30, 2022 and ($417) at December 31, 2021	$ (22,891)	$ (14,911)
Unrealized gains (losses) on interest rate swap cash flow hedge, net of taxes of $0 at June 30, 2022 and $0 at December 31, 2021	3,876	(116)
Unrealized holding gains (losses) on marketable securities, net of taxes of ($7) at June 30, 2022 and ($7) at December 31, 2021	17	29
Unfunded SERP liability, net of taxes of ($468) at June 30, 2022 and ($502) at December 31, 2021	(3,743)	(3,865)
Accumulated other comprehensive loss	$ (22,741)	$ (18,863)

Note 13 - Accumulated Other C_4

Note 13 - Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Foreign currency translation adjustment, tax	$ (373)	$ (417)
Unrealized gains (losses) on interest rate swap cash flow hedge, tax	0	0
Unrealized holding gains (losses) on marketable securities, tax	(7)	(7)
Change in unfunded SERP liabilityChange in unfunded SERP liability, tax, tax	$ (468)	$ (502)

Note 13 - Accumulated Other C_5

Note 13 - Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Balance		$ 215,356	$ 186,323	$ 208,743	$ 185,799
Other comprehensive (loss) income		(5,707)	2,640	(3,878)	209
Balance		225,995	196,598	225,995	196,598
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance				(14,911)
Other comprehensive (loss) income before reclassifications				(8,053)
Amount reclassified from accumulated other comprehensive loss				73
Other comprehensive (loss) income				(7,980)
Balance		(22,891)		(22,891)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance				(116)
Other comprehensive (loss) income before reclassifications				3,733
Amount reclassified from accumulated other comprehensive loss				259
Other comprehensive (loss) income				3,992
Balance		3,876		3,876
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance				29
Other comprehensive (loss) income before reclassifications				(12)
Amount reclassified from accumulated other comprehensive loss				0
Other comprehensive (loss) income				(12)
Balance		17		17
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance				(3,865)
Other comprehensive (loss) income before reclassifications				(6)
Amount reclassified from accumulated other comprehensive loss	[1]			128
Other comprehensive (loss) income				122
Balance		(3,743)		(3,743)
AOCI Attributable to Parent [Member]
Balance		(17,034)	(20,494)	(18,863)	(18,063)
Other comprehensive (loss) income before reclassifications				(4,338)
Amount reclassified from accumulated other comprehensive loss				460
Other comprehensive (loss) income				(3,878)
Balance		$ (22,741)	$ (17,854)	$ (22,741)	$ (17,854)
[1]This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP Plan. This expense is reflected in other (expense) income, net on the accompanying condensed consolidated statements of operations.

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details Textual) $ in Millions	Jun. 30, 2022 USD ($)
Arezzo Revenue Agency [Member]
Loss Contingency, Estimate of Possible Loss	$ 12

Note 15 - Segments (Details Tex

Note 15 - Segments (Details Textual)	6 Months Ended
	Jun. 30, 2022
Number of Industry in which Entity Operates	1
Number of Operating Segments	3
Number of Reportable Segments	3

Note 15 - Segments - Segments (

Note 15 - Segments - Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue	$ 170,572	$ 138,741	$ 307,290	$ 249,385
Gross Profit	$ 45,452	$ 34,204	$ 79,411	$ 59,144
Gross Profit %	26.60%	24.70%	25.80%	23.70%
Connectivity Solutions [Member]
Revenue	$ 46,096	$ 43,046	$ 89,809	$ 81,102
Gross Profit	$ 12,718	$ 13,050	$ 24,315	$ 22,823
Gross Profit %	27.60%	30.30%	27.10%	28.10%
Power Solutions and Protection Segment [Member]
Revenue	$ 71,026	$ 55,390	$ 129,815	$ 99,031
Gross Profit	$ 20,036	$ 14,373	$ 35,974	$ 25,155
Gross Profit %	28.20%	25.90%	27.70%	25.40%
Magnetic Solutions Segment [Member]
Revenue	$ 53,450	$ 40,305	$ 87,666	$ 69,252
Gross Profit	$ 15,085	$ 9,343	$ 21,975	$ 13,304
Gross Profit %	28.20%	23.20%	25.10%	19.20%
Corporate Segment [Member]
Revenue	$ 0	$ 0	$ 0	$ 0
Gross Profit	$ (2,387)	$ (2,562)	$ (2,853)	$ (2,138)

Note 16 - Subsequent Event (Det

Note 16 - Subsequent Event (Details Textual) - USD ($) $ in Thousands		2 Months Ended	3 Months Ended		6 Months Ended
	Jul. 21, 2022	Sep. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Gain (Loss) on Sale of Properties			$ 0	$ 0	$ 0	$ 6,175
Jersey City [Member] | Forecast [Member]
Gain (Loss) on Sale of Properties		$ 1,600
Subsequent Event [Member] | Jersey City [Member]
Proceeds from Sale of Buildings	$ 1,800
Inventory, Real Estate, Held-for-sale	$ 1,500