Bel Fuse (BELFB) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 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	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		10,338,260
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	Sep. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 70,895	$ 61,756
Accounts receivable, net of allowance for doubtful accounts of $1,403 and $1,536, respectively	103,221	87,135
Inventories	164,381	139,383
Unbilled receivables	28,592	28,275
Assets held for sale	1,466	1,626
Other current assets	8,810	10,841
Total current assets	377,365	329,016
Property, plant and equipment, net	35,227	38,210
Right-of-use assets	20,828	21,252
Intangible assets, net	54,725	60,995
Goodwill	23,775	26,651
Deferred income taxes	8,965	4,461
Other assets	32,931	31,261
Total assets	553,816	511,846
Current Liabilities:
Accounts payable	66,191	65,960
Accrued expenses	42,662	34,453
Operating lease liabilities, current	5,904	6,880
Other current liabilities	22,325	4,719
Total current liabilities	137,082	112,012
Long-term Liabilities:
Long-term debt	110,000	112,500
Operating lease liabilities, long-term	14,992	14,668
Liability for uncertain tax positions	24,007	28,434
Minimum pension obligation and unfunded pension liability	24,284	23,909
Deferred income taxes	1,026	1,487
Other liabilities	6,392	10,093
Total liabilities	317,783	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	40,095	38,419
Retained earnings	224,022	187,935
Accumulated other comprehensive loss	(28,983)	(18,863)
Total stockholders' equity	236,033	208,743
Total liabilities and stockholders' equity	553,816	511,846
Common Class A [Member]
Stockholders' Equity:
Common stock	214	214
Common Class B [Member]
Stockholders' Equity:
Common stock	$ 1,034	$ 1,038

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounts receivable, allowance for doubtful accounts	$ 1,403	$ 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)	10,338,260	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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net sales	$ 177,739	$ 146,966	$ 485,030	$ 396,351
Cost of sales	126,205	110,992	354,084	301,234
Gross profit	51,534	35,974	130,946	95,117
Research and development costs	4,877	5,918	14,381	16,301
Selling, general and administrative expenses	22,223	21,188	67,216	64,757
Restructuring charges	3,969	398	4,000	675
Gain on sale of property	(1,596)	(403)	(1,596)	(6,578)
Income from operations	22,061	8,873	46,945	19,962
Interest expense	(944)	(1,491)	(2,411)	(3,014)
Other (expense) income, net	(429)	(201)	(2,926)	458
Earnings before provision for income taxes	20,688	7,181	41,608	17,406
Provision for income taxes	4,140	1,447	2,959	593
Net earnings available to common stockholders	16,548	5,734	38,649	16,813
Common Class A [Member]
Net earnings available to common stockholders	$ 2,715	$ 940	$ 6,327	$ 2,761
Net earnings per common share:
Class A common share - basic and diluted (in dollars per share)	$ 1.27	$ 0.44	$ 2.95	$ 1.29
Weighted-average number of shares outstanding:
Class A common share - basic and diluted (in shares)	2,142	2,145	2,144	2,145
Common Class B [Member]
Net earnings available to common stockholders	$ 13,833	$ 4,794	$ 32,322	$ 14,052
Net earnings per common share:
Class A common share - basic and diluted (in dollars per share)	$ 1.34	$ 0.47	$ 3.12	$ 1.37
Weighted-average number of shares outstanding:
Class A common share - basic and diluted (in shares)	10,340	10,269	10,358	10,237

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net earnings available to common stockholders	$ 16,548	$ 5,734	$ 38,649	$ 16,813
Other comprehensive (loss) income:
Currency translation adjustment, net of taxes of ($40), ($12), ($83) and ($336), respectively	(8,372)	(1,982)	(16,352)	(1,971)
Unrealized gains on interest rate swap cash flow hedge, net of taxes of $0 in all periods presented	2,070	0	6,061	0
Unrealized holding (losses) gains on marketable securities, net of taxes of $0 in all periods presented	(1)	46	(11)	45
Change in unfunded SERP liability, net of taxes of ($18), ($28), ($52) and ($83), respectively	61	100	182	299
Other comprehensive loss	(6,242)	(1,836)	(10,120)	(1,627)
Comprehensive income	$ 10,306	$ 3,898	$ 28,529	$ 15,186

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Foreign currency translation adjustment, tax expense	$ (40)	$ (12)	$ (83)	$ (336)
Unrealized gains (losses) on interest rate swap cash flow hedge, tax	0	0	0	0
Unrealized loss on marketable securities arising during the period, tax	0	0	0	0
Change in unfunded SERP liability, tax	$ (18)	$ (28)	$ (52)	$ (83)

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) gains on marketable securities, net of taxes of $0 in all periods presented															0	(1)	0	0		0	(1)
Unrealized holding losses on marketable securities															0	(1)	0	0		0	(1)
Balance at Mar. 31, 2021															168,846	(20,494)	214	1,020		36,737	186,323
Balance at Dec. 31, 2020															166,491	(18,063)	214	1,021		36,136	185,799
Net earnings							2,761							14,052							16,813
Cash dividends declared on common stock							(386)							(2,149)
Foreign currency translation adjustment, net of taxes																					(1,971)
Change in unfunded SERP liability, net of taxes																					299
Unrealized holding (losses) gains on marketable securities, net of taxes of $0 in all periods presented																					45
Unrealized holding losses on marketable securities																					45
Balance at Sep. 30, 2021															180,769	(19,690)	214	1,026		37,883	200,202
Balance at Mar. 31, 2021															168,846	(20,494)	214	1,020		36,737	186,323
Net earnings															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
Issuance of restricted common stock															0	0	0	8		(8)	0
Balance at Jun. 30, 2021															175,883	(17,854)	214	1,027		37,328	196,598
Net earnings							940							4,794	5,734	0	0	0		0	5,734
Cash dividends declared on common stock	(129)	0	0	0		0	(129)	(719)	0	0	0		0	(719)
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	(1,982)	0	0		0	(1,982)
Stock-based compensation expense															0	0	0	0		554	554
Change in unfunded SERP liability, net of taxes															0	100	0	0		0	100
Unrealized holding (losses) gains on marketable securities, net of taxes of $0 in all periods presented															0	46	0	0		0	46
Unrealized holding losses on marketable securities															0	46	0	0		0	46
Balance at Sep. 30, 2021															180,769	(19,690)	214	1,026		37,883	200,202
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							6,327							32,322							38,649
Cash dividends declared on common stock							(386)							(2,176)
Foreign currency translation adjustment, net of taxes																					(16,352)
Change in unfunded SERP liability, net of taxes																					182
Unrealized holding (losses) gains on marketable securities, net of taxes of $0 in all periods presented																					(11)
Unrealized holding losses on marketable securities																					(11)
Balance at Sep. 30, 2022															224,022	(28,983)	214	1,034	(349)	40,095	236,033
Balance at Mar. 31, 2022															192,143	(17,034)	214	1,037	0	38,996	215,356
Net earnings															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) gains on marketable securities, net of taxes of $0 in all periods presented															0	(12)	0	0	0	0	(12)
Unrealized holding losses on marketable securities															0	(12)	0	0	0	0	(12)
Balance at Jun. 30, 2022															208,326	(22,741)	214	1,036	(349)	39,509	225,995
Net earnings							2,715							13,833	16,548	0	0	0	0	0	16,548
Cash dividends declared on common stock	$ (128)	$ 0	$ 0	$ 0	$ 0	$ 0	$ (128)	$ (724)	$ 0	$ 0	$ 0	$ 0	$ 0	$ (724)
Forfeiture of restricted common stock															0	0	0	(2)	0		0
Forfeiture of restricted common stock, APIC																				2
Foreign currency translation adjustment, net of taxes															0	(8,372)	0	0	0	0	(8,372)
Unrealized gains on interest rate swap cash flow hedge															0	2,070	0	0	0	0	2,070
Stock-based compensation expense															0	0	0	0	0	584	584
Change in unfunded SERP liability, net of taxes															0	61	0	0	0	0	61
Unrealized holding (losses) gains on marketable securities, net of taxes of $0 in all periods presented															0	(1)	0	0	0	0	(1)
Repurchase of Class A common stock															0	0	0	0	0	0	0
Unrealized holding losses on marketable securities															0	(1)	0	0	0	0	(1)
Balance at Sep. 30, 2022															$ 224,022	$ (28,983)	$ 214	$ 1,034	$ (349)	$ 40,095	$ 236,033

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Common Class A [Member]
Dividends declared (in dollars per share)	$ 0.06	$ 0.06	$ 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	$ 0.07	$ 0.07
Foreign currency translation adjustment, tax expense	$ (40)	$ (31)	$ (12)	$ (12)	$ (333)	$ 9
Change in unfunded SERP liability, tax	(18)	(17)	$ (17)	(28)	$ (28)	$ (28)
Unrealized loss on marketable securities arising during the period, tax	$ 0	$ 0		$ 0

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net earnings	$ 38,649	$ 16,813
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	11,604	12,514
Stock-based compensation	1,672	1,752
Amortization of deferred financing costs	34	1,267
Deferred income taxes	(5,113)	(124)
Net unrealized gains on foreign currency revaluation	(494)	(373)
Gains on sale of property	(1,596)	(6,578)
Other, net	360	1,355
Changes in operating assets and liabilities:
Accounts receivable, net	(17,851)	(11,893)
Unbilled receivables	(317)	(13,958)
Inventories	(32,574)	(22,831)
Accounts payable	4,884	15,800
Accrued expenses	6,678	9,066
Accrued restructuring costs	3,628	124
Income taxes payable	6,380	(1,372)
Other operating assets/liabilities, net	8,125	(3,276)
Net cash provided by (used in) operating activities	24,069	(1,714)
Cash flows from investing activities:
Purchases of property, plant and equipment	(5,612)	(4,154)
Payments for acquisitions, net of cash acquired	0	(16,811)
Proceeds from sale of property, plant and equipment	1,833	7,249
Net cash used in investing activities	(3,779)	(13,716)
Cash flows from financing activities:
Dividends paid to common stockholders	(2,470)	(2,447)
Purchase of treasury stock	(349)	0
Deferred financing costs	0	(675)
Borrowings under revolving credit line	0	115,000
Repayments of revolving credit line	0	(14,500)
Repayments of long-term debt	(2,500)	(104,846)
Net cash used in financing activities	(5,319)	(7,468)
Effect of exchange rate changes on cash and cash equivalents	(5,832)	(80)
Net increase (decrease) in cash and cash equivalents	9,139	(22,978)
Cash and cash equivalents - beginning of period	61,756	84,939
Cash and cash equivalents - end of period	70,895	61,961
Supplementary information:
Income taxes, net of refunds received	7,496	2,024
Interest payments	2,129	1,683
ROU assets obtained in exchange for lease obligations	6,111	6,382
Goodwill	23,775
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	9 Months Ended
	Sep. 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 nine September 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 nine September 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	9 Months Ended
	Sep. 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 nine September 30, 2021 2021 September 30, 2021 nine September 30, 2021 2021 three September 30, 2022 2021 nine September 30, 2022 The results of operations of the 2021 three nine September 30, 2021 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 Nine Months Ended September 30, 2021 September 30, 2021 Revenue, net $ 146,966 $ 399,372 Net earnings 5,734 17,043 Earnings per Class A common share - basic and diluted 0.44 1.31 Earnings per Class B common share - basic and diluted 0.47 1.39

Note 3 - Revenue

Note 3 - Revenue	9 Months Ended
	Sep. 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 September 30, 2022 Nine Months Ended September 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 $ 37,877 $ 60,267 $ 13,490 $ 111,634 $ 105,189 $ 155,022 $ 38,616 $ 298,827 Europe 9,327 8,779 2,535 20,641 26,895 29,264 8,128 64,287 Asia 3,049 7,387 35,028 45,464 7,978 21,961 91,977 121,916 $ 50,253 $ 76,433 $ 51,053 $ 177,739 $ 140,062 $ 206,247 $ 138,721 $ 485,030 By Sales Channel: Direct to customer $ 29,974 $ 48,765 $ 40,362 $ 119,101 $ 84,571 $ 130,210 $ 105,619 $ 320,400 Through distribution 20,279 27,668 10,691 58,638 55,491 76,037 33,102 164,630 $ 50,253 $ 76,433 $ 51,053 $ 177,739 $ 140,062 $ 206,247 $ 138,721 $ 485,030 Three Months Ended September 30, 2021 Nine Months Ended September 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 $ 30,144 $ 42,064 $ 11,338 $ 83,546 $ 92,868 $ 109,708 $ 28,009 $ 230,585 Europe 7,916 9,679 2,635 20,230 22,220 29,306 6,126 57,652 Asia 2,284 8,538 32,368 43,190 6,358 20,298 81,458 108,114 $ 40,344 $ 60,281 $ 46,341 $ 146,966 $ 121,446 $ 159,312 $ 115,593 $ 396,351 By Sales Channel: Direct to customer $ 23,476 $ 36,154 $ 38,022 $ 97,652 $ 72,898 $ 96,759 $ 95,104 $ 264,761 Through distribution 16,868 24,127 8,319 49,314 48,548 62,553 20,489 131,590 $ 40,344 $ 60,281 $ 46,341 $ 146,966 $ 121,446 $ 159,312 $ 115,593 $ 396,351 September 30, 2022 December 31, 2021 September 30, December 31, 2022 2021 Contract assets - current (unbilled receivables) $ 28,592 $ 28,275 Contract liabilities - current (deferred revenue) $ 11,303 $ 2,224 The change in balance of our unbilled receivables from December 31, 2021 September 30, 2022 December 31, 2021 September 30, 2022 The aggregate amount of transaction price allocated to remaining performance obligations that have not September 30, 2022 one $94.5 2023 2026. 57% of 2023, 36% 2024 2025.

Note 4 - Earnings Per Share

Note 4 - Earnings Per Share	9 Months Ended
	Sep. 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 nine September 30, 2022 2021 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Numerator: Net earnings $ 16,548 $ 5,734 $ 38,649 $ 16,813 Less dividends declared: Class A 128 129 386 386 Class B 724 719 2,176 2,149 Undistributed earnings $ 15,696 $ 4,886 $ 36,087 $ 14,278 Undistributed earnings allocation - basic and diluted: Class A undistributed earnings $ 2,587 $ 811 $ 5,941 $ 2,375 Class B undistributed earnings 13,109 4,075 30,146 11,903 Total undistributed earnings $ 15,696 $ 4,886 $ 36,087 $ 14,278 Net earnings allocation - basic and diluted: Class A net earnings $ 2,715 $ 940 $ 6,327 $ 2,761 Class B net earnings 13,833 4,794 32,322 14,052 Net earnings $ 16,548 $ 5,734 $ 38,649 $ 16,813 Denominator: Weighted-average shares outstanding: Class A - basic and diluted 2,142 2,145 2,144 2,145 Class B - basic and diluted 10,340 10,269 10,358 10,237 Net earnings per share: Class A - basic and diluted $ 1.27 $ 0.44 $ 2.95 $ 1.29 Class B - basic and diluted $ 1.34 $ 0.47 $ 3.12 $ 1.37

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	9 Months Ended
	Sep. 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 September 30, 2022 December 31, 2021 1 September 30, 2022 December 31, 2021 Throughout 2022 2021 1.0) September 30, 2022 December 31, 2021 2 During the fourth 2021, two 9, $5.9 September 30, 2022 December 31, 2021 The Company does not 3, no 1, 2 3 nine September 30, 2022 September 30, 2021 no nine September 30, 2022 September 30, 2021 There were no financial assets accounted for at fair value on a nonrecurring basis as of September 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 September 30, 2022 December 31, 2021 not September 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 nine September 30, 2022 September 30, 2021

Note 6 - Inventories

Note 6 - Inventories	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	6. INVENTORIES The components of inventories are as follows: September 30, December 31, 2022 2021 Raw materials $ 71,024 $ 67,127 Work in progress 44,814 31,103 Finished goods 48,543 41,153 Inventories $ 164,381 $ 139,383

Note 7 - Property, Plant and Eq

Note 7 - Property, Plant and Equipment, Net	9 Months Ended
	Sep. 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: September 30, December 31, 2022 2021 Land $ 1,082 $ 1,105 Buildings and improvements 21,058 20,915 Machinery and equipment 120,501 120,961 Construction in progress 3,135 5,081 145,776 148,062 Accumulated depreciation (110,549 ) (109,852 ) Property, plant and equipment, net $ 35,227 $ 38,210 Depreciation expense was $2.1 million and $2.3 million, respectively, for the three September 30, 2022 2021 nine September 30, 2022 2021 At December 31, 2021, July 21, 2022, one two third 2022

Note 8 - Accrued Expenses

Note 8 - Accrued Expenses	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	8. ACCRUED EXPENSES Accrued expenses consist of the following: September 30, December 31, 2022 2021 Salaries, bonuses and related benefits $ 24,718 $ 21,342 Accrued restructuring costs 3,637 9 Sales commissions 2,449 2,049 Subcontracting labor 1,927 1,622 Warranty accrual 1,338 1,056 Other 8,593 8,375 $ 42,662 $ 34,453 The change in warranty accrual during the nine September 30, 2022 no nine September 30, 2022 Restructuring Activities: Activity and liability balances related to restructuring costs for the nine September 30, 2022 Nine Months Ended September 30, 2022 Liability at Cash Payments Liability at December 31, New and Other September 30, 2021 Charges Settlements 2022 Severance costs $ 9 $ 1,429 $ (372 ) $ 1,066 Other restructuring costs - 2,571 - 2,571 Total $ 9 $ 4,000 $ (372 ) $ 3,637 During the third 2022, 2023. third 2022, three nine September 30, 2022.

Note 9 - Derivative Instruments

Note 9 - Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 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 $14.9 September 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 September 30, 2022 December 31, 2021 Balance Sheet Classification September 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 5,946 - Total derivative assets $ 5,946 $ 57 Derivative liabilities: Foreign currency forward contracts: Designated as cash flow hedges Other current liabilities $ 995 $ - 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 $ 995 $ 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 nine September 30, 2022 2021 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net (losses) gains recognized in AOCL: Foreign currency forward contracts $ (671 ) $ - $ (1,196 ) $ - Interest rate swap agreements 2,206 - 5,939 - $ 1,535 $ - $ 4,743 $ - Net (losses) gains reclassified from AOCL to the consolidated statement of operations: Foreign currency forward contracts $ (308 ) $ - $ (381 ) $ - Interest rate swap agreements 136 - (122 ) - $ (172 ) $ - $ (503 ) $ - The losses related to the foreign currency forward contracts are included as a component of currency translation adjustment on the accompanying condensed consolidated statements of comprehensive income at September 30, 2022 December 31, 2021. Derivative Financial Instruments Not Gains recognized on derivative financial instruments not three nine September 30, 2022 2021 Three Months Ended Nine Months Ended September 30, September 30, Classification in Consolidated Statements of Operations 2022 2021 2022 2021 Foreign currency forward contracts Other (expense) income, net 17 31 58 82 $ 17 $ 31 $ 58 $ 82

Note 10 - Debt

Note 10 - Debt	9 Months Ended
	Sep. 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 $110.0 million and $112.5 million in outstanding borrowings under the Revolver at September 30, 2022 December 31, 2021 September 1, 2026. The weighted-average interest rate in effect for the variable-rate portion of our outstanding borrowings ($50.0 million at September 30, 2022 December 31, 2021) 4.37 September 30, 2022 December 31, 2021 9, 2021 2021 one 2021 as 3.38% and 2.92%, three nine September 30, 2022. three September 30, 2022 September 30, 2021 nine September 30, 2022 2021, 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 September 30, 2022 the Fixed Charge Coverage Ratio. Subsequent to September 30, 2022, October 31, 2022.

Note 11 - Income Taxes

Note 11 - Income Taxes	9 Months Ended
	Sep. 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 September 30, 2022. September 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 nine September 30, 2022 2021, September 30, 2022 December 31, 2021,

Note 12 - Retirement, Savings a

Note 12 - Retirement, Savings and Deferred Compensation Plans	9 Months Ended
	Sep. 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 September 30, 2022 2021 $0.3 million for each period. The expense for the nine September 30, 2022 2021 amounted to $1.0 million and $0.9 milli September 30, 2022 313,559 and 93,789 sh The Company also maintains a Nonqualified Deferred Compensation Plan (the "DCP"). With certain exceptions, 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 September 30, 2022 2021 nine September 30, 2022 2021 September 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 September 30, 2022 2021 d to $0.4 million and $0.6 million, respectively, and the expense for the nine September 30, 2022 2021 amounted to $1.3 million and $1.9 million, respectively. As of December 31, 2021, second 2022, September 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Service cost $ 126 $ 169 $ 377 $ 508 Interest cost 159 135 477 405 Net amortization 78 127 234 382 Net periodic benefit cost $ 363 $ 431 $ 1,088 $ 1,295 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: September 30, December 31, 2022 2021 Prior service cost $ 365 $ 460 Net loss 1,252 1,391 $ 1,617 $ 1,851

Note 13 - Accumulated Other Com

Note 13 - Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 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 September 30, 2022 December 31, 2021 September 30, December 31, 2022 2021 Foreign currency translation adjustment, net of taxes of ($334) ($417) $ (31,263 ) $ (14,911 ) Unrealized gains (losses) on interest rate swap cash flow hedge, net of taxes of $0 $0 5,945 (116 ) Unrealized holding gains on marketable securities, net of taxes of ($7) ($7) 18 29 Unfunded SERP liability, net of taxes of ($451) ($502) (3,683 ) (3,865 ) Accumulated other comprehensive loss $ (28,983 ) $ (18,863 ) Changes in accumulated other comprehensive loss by component during the nine September 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 (16,733 ) 5,939 (11 ) (7 ) (10,812 ) Amount reclassified from accumulated other comprehensive loss 381 122 - 189 (a) 692 Net current period other comprehensive (loss) income (16,352 ) 6,061 (11 ) 182 (10,120 ) Balance at September 30, 2022 $ (31,263 ) $ 5,945 $ 18 $ (3,683 ) $ (28,983 ) (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	9 Months Ended
	Sep. 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. September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 The Company is not

Note 15 - Segments

Note 15 - Segments	9 Months Ended
	Sep. 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 September 30, 2022 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 50,253 $ 76,433 $ 51,053 $ - $ 177,739 Gross Profit 13,099 24,801 15,501 (1,867 ) 51,534 Gross Profit % 26.1 % 32.4 % 30.4 % nm 29.0 % Three Months Ended September 30, 2021 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 40,344 $ 60,281 $ 46,341 $ - $ 146,966 Gross Profit 10,003 15,762 10,722 (513 ) 35,974 Gross Profit % 24.8 % 26.1 % 23.1 % nm 24.5 % Nine Months Ended September 30, 2022 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 140,062 $ 206,247 $ 138,721 $ - $ 485,030 Gross Profit 37,414 60,775 37,476 (4,719 ) 130,946 Gross Profit % 26.7 % 29.5 % 27.0 % nm 27.0 % Nine Months Ended September 30, 2021 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 121,446 $ 159,312 $ 115,593 $ - $ 396,351 Gross Profit 32,826 40,917 24,026 (2,652 ) 95,117 Gross Profit % 27.0 % 25.7 % 20.8 % nm 24.0 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Revenue, net $ 146,966 $ 399,372 Net earnings 5,734 17,043 Earnings per Class A common share - basic and diluted 0.44 1.31 Earnings per Class B common share - basic and diluted 0.47 1.39

Note 3 - Revenue (Tables)

Note 3 - Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, 2022 Nine Months Ended September 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 $ 37,877 $ 60,267 $ 13,490 $ 111,634 $ 105,189 $ 155,022 $ 38,616 $ 298,827 Europe 9,327 8,779 2,535 20,641 26,895 29,264 8,128 64,287 Asia 3,049 7,387 35,028 45,464 7,978 21,961 91,977 121,916 $ 50,253 $ 76,433 $ 51,053 $ 177,739 $ 140,062 $ 206,247 $ 138,721 $ 485,030 By Sales Channel: Direct to customer $ 29,974 $ 48,765 $ 40,362 $ 119,101 $ 84,571 $ 130,210 $ 105,619 $ 320,400 Through distribution 20,279 27,668 10,691 58,638 55,491 76,037 33,102 164,630 $ 50,253 $ 76,433 $ 51,053 $ 177,739 $ 140,062 $ 206,247 $ 138,721 $ 485,030 Three Months Ended September 30, 2021 Nine Months Ended September 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 $ 30,144 $ 42,064 $ 11,338 $ 83,546 $ 92,868 $ 109,708 $ 28,009 $ 230,585 Europe 7,916 9,679 2,635 20,230 22,220 29,306 6,126 57,652 Asia 2,284 8,538 32,368 43,190 6,358 20,298 81,458 108,114 $ 40,344 $ 60,281 $ 46,341 $ 146,966 $ 121,446 $ 159,312 $ 115,593 $ 396,351 By Sales Channel: Direct to customer $ 23,476 $ 36,154 $ 38,022 $ 97,652 $ 72,898 $ 96,759 $ 95,104 $ 264,761 Through distribution 16,868 24,127 8,319 49,314 48,548 62,553 20,489 131,590 $ 40,344 $ 60,281 $ 46,341 $ 146,966 $ 121,446 $ 159,312 $ 115,593 $ 396,351
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	September 30, December 31, 2022 2021 Contract assets - current (unbilled receivables) $ 28,592 $ 28,275 Contract liabilities - current (deferred revenue) $ 11,303 $ 2,224

Note 4 - Earnings Per Share (Ta

Note 4 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Numerator: Net earnings $ 16,548 $ 5,734 $ 38,649 $ 16,813 Less dividends declared: Class A 128 129 386 386 Class B 724 719 2,176 2,149 Undistributed earnings $ 15,696 $ 4,886 $ 36,087 $ 14,278 Undistributed earnings allocation - basic and diluted: Class A undistributed earnings $ 2,587 $ 811 $ 5,941 $ 2,375 Class B undistributed earnings 13,109 4,075 30,146 11,903 Total undistributed earnings $ 15,696 $ 4,886 $ 36,087 $ 14,278 Net earnings allocation - basic and diluted: Class A net earnings $ 2,715 $ 940 $ 6,327 $ 2,761 Class B net earnings 13,833 4,794 32,322 14,052 Net earnings $ 16,548 $ 5,734 $ 38,649 $ 16,813 Denominator: Weighted-average shares outstanding: Class A - basic and diluted 2,142 2,145 2,144 2,145 Class B - basic and diluted 10,340 10,269 10,358 10,237 Net earnings per share: Class A - basic and diluted $ 1.27 $ 0.44 $ 2.95 $ 1.29 Class B - basic and diluted $ 1.34 $ 0.47 $ 3.12 $ 1.37

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2022 2021 Raw materials $ 71,024 $ 67,127 Work in progress 44,814 31,103 Finished goods 48,543 41,153 Inventories $ 164,381 $ 139,383

Note 7 - Property, Plant and _2

Note 7 - Property, Plant and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, December 31, 2022 2021 Land $ 1,082 $ 1,105 Buildings and improvements 21,058 20,915 Machinery and equipment 120,501 120,961 Construction in progress 3,135 5,081 145,776 148,062 Accumulated depreciation (110,549 ) (109,852 ) Property, plant and equipment, net $ 35,227 $ 38,210

Note 8 - Accrued Expenses (Tabl

Note 8 - Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, December 31, 2022 2021 Salaries, bonuses and related benefits $ 24,718 $ 21,342 Accrued restructuring costs 3,637 9 Sales commissions 2,449 2,049 Subcontracting labor 1,927 1,622 Warranty accrual 1,338 1,056 Other 8,593 8,375 $ 42,662 $ 34,453
Restructuring and Related Costs [Table Text Block]	Nine Months Ended September 30, 2022 Liability at Cash Payments Liability at December 31, New and Other September 30, 2021 Charges Settlements 2022 Severance costs $ 9 $ 1,429 $ (372 ) $ 1,066 Other restructuring costs - 2,571 - 2,571 Total $ 9 $ 4,000 $ (372 ) $ 3,637

Note 9 - Derivative Instrumen_2

Note 9 - Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Classification September 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 5,946 - Total derivative assets $ 5,946 $ 57 Derivative liabilities: Foreign currency forward contracts: Designated as cash flow hedges Other current liabilities $ 995 $ - 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 $ 995 $ 135
Derivative Instruments, Gain (Loss) [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net (losses) gains recognized in AOCL: Foreign currency forward contracts $ (671 ) $ - $ (1,196 ) $ - Interest rate swap agreements 2,206 - 5,939 - $ 1,535 $ - $ 4,743 $ - Net (losses) gains reclassified from AOCL to the consolidated statement of operations: Foreign currency forward contracts $ (308 ) $ - $ (381 ) $ - Interest rate swap agreements 136 - (122 ) - $ (172 ) $ - $ (503 ) $ -
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, Classification in Consolidated Statements of Operations 2022 2021 2022 2021 Foreign currency forward contracts Other (expense) income, net 17 31 58 82 $ 17 $ 31 $ 58 $ 82

Note 12 - Retirement, Savings_2

Note 12 - Retirement, Savings and Deferred Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Service cost $ 126 $ 169 $ 377 $ 508 Interest cost 159 135 477 405 Net amortization 78 127 234 382 Net periodic benefit cost $ 363 $ 431 $ 1,088 $ 1,295
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	September 30, December 31, 2022 2021 Prior service cost $ 365 $ 460 Net loss 1,252 1,391 $ 1,617 $ 1,851

Note 13 - Accumulated Other C_2

Note 13 - Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	September 30, December 31, 2022 2021 Foreign currency translation adjustment, net of taxes of ($334) ($417) $ (31,263 ) $ (14,911 ) Unrealized gains (losses) on interest rate swap cash flow hedge, net of taxes of $0 $0 5,945 (116 ) Unrealized holding gains on marketable securities, net of taxes of ($7) ($7) 18 29 Unfunded SERP liability, net of taxes of ($451) ($502) (3,683 ) (3,865 ) Accumulated other comprehensive loss $ (28,983 ) $ (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 (16,733 ) 5,939 (11 ) (7 ) (10,812 ) Amount reclassified from accumulated other comprehensive loss 381 122 - 189 (a) 692 Net current period other comprehensive (loss) income (16,352 ) 6,061 (11 ) 182 (10,120 ) Balance at September 30, 2022 $ (31,263 ) $ 5,945 $ 18 $ (3,683 ) $ (28,983 )

Note 15 - Segments (Tables)

Note 15 - Segments (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, 2022 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 50,253 $ 76,433 $ 51,053 $ - $ 177,739 Gross Profit 13,099 24,801 15,501 (1,867 ) 51,534 Gross Profit % 26.1 % 32.4 % 30.4 % nm 29.0 % Three Months Ended September 30, 2021 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 40,344 $ 60,281 $ 46,341 $ - $ 146,966 Gross Profit 10,003 15,762 10,722 (513 ) 35,974 Gross Profit % 24.8 % 26.1 % 23.1 % nm 24.5 % Nine Months Ended September 30, 2022 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 140,062 $ 206,247 $ 138,721 $ - $ 485,030 Gross Profit 37,414 60,775 37,476 (4,719 ) 130,946 Gross Profit % 26.7 % 29.5 % 27.0 % nm 27.0 % Nine Months Ended September 30, 2021 Connectivity Power Solutions Magnetic Corporate Solutions and Protection Solutions Segment Total Revenue $ 121,446 $ 159,312 $ 115,593 $ - $ 396,351 Gross Profit 32,826 40,917 24,026 (2,652 ) 95,117 Gross Profit % 27.0 % 25.7 % 20.8 % nm 24.0 %

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands			3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2021	Jan. 08, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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
rms Connectors, Inc. [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total		$ 9,000
EOS Power Panama Inc. [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total	$ 7,800
The 2021 Acquisitions [Member]
Business Combination, Acquisition Related Costs			$ 0	$ 0	$ 0	500
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual				4,300		12,400
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual				$ 200		$ 1,600

Note 2 - Acquisitions - Proform

Note 2 - Acquisitions - Proforma Results (Details) - The 2021 Acquisitions [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Revenue, net	$ 146,966	$ 399,372
Net earnings	$ 5,734	$ 17,043
Common Class A [Member]
Earnings per Class A common share - basic and diluted (in dollars per share)	$ 0.44	$ 1.31
Common Class B [Member]
Earnings per Class A common share - basic and diluted (in dollars per share)	$ 0.47	$ 1.39

Note 3 - Revenue 1 (Details Tex

Note 3 - Revenue 1 (Details Textual) $ in Millions	Sep. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 94.5

Note 3 - Revenue 2 (Details Tex

Note 3 - Revenue 2 (Details Textual)	Sep. 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	57%
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	36%

Note 3 - Revenue - Disaggregati

Note 3 - Revenue - Disaggregation of Revenue by Product Group and Sales Channel (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net sales	$ 177,739	$ 146,966	$ 485,030	$ 396,351
Sales Channel, Directly to Consumer [Member]
Net sales	119,101	97,652	320,400	264,761
Sales Channel, Through Intermediary [Member]
Net sales	58,638	49,314	164,630	131,590
Connectivity Solutions [Member]
Net sales	50,253	40,344	140,062	121,446
Connectivity Solutions [Member] | Sales Channel, Directly to Consumer [Member]
Net sales	29,974	23,476	84,571	72,898
Connectivity Solutions [Member] | Sales Channel, Through Intermediary [Member]
Net sales	20,279	16,868	55,491	48,548
Power Solutions and Protection [Member]
Net sales	76,433	60,281	206,247	159,312
Power Solutions and Protection [Member] | Sales Channel, Directly to Consumer [Member]
Net sales	48,765	36,154	130,210	96,759
Power Solutions and Protection [Member] | Sales Channel, Through Intermediary [Member]
Net sales	27,668	24,127	76,037	62,553
Magnetic Solutions [Member]
Net sales	51,053	46,341	138,721	115,593
Magnetic Solutions [Member] | Sales Channel, Directly to Consumer [Member]
Net sales	40,362	38,022	105,619	95,104
Magnetic Solutions [Member] | Sales Channel, Through Intermediary [Member]
Net sales	10,691	8,319	33,102	20,489
North America [Member]
Net sales	111,634	83,546	298,827	230,585
North America [Member] | Connectivity Solutions [Member]
Net sales	37,877	30,144	105,189	92,868
North America [Member] | Power Solutions and Protection [Member]
Net sales	60,267	42,064	155,022	109,708
North America [Member] | Magnetic Solutions [Member]
Net sales	13,490	11,338	38,616	28,009
Europe [Member]
Net sales	20,641	20,230	64,287	57,652
Europe [Member] | Connectivity Solutions [Member]
Net sales	9,327	7,916	26,895	22,220
Europe [Member] | Power Solutions and Protection [Member]
Net sales	8,779	9,679	29,264	29,306
Europe [Member] | Magnetic Solutions [Member]
Net sales	2,535	2,635	8,128	6,126
Asia [Member]
Net sales	45,464	43,190	121,916	108,114
Asia [Member] | Connectivity Solutions [Member]
Net sales	3,049	2,284	7,978	6,358
Asia [Member] | Power Solutions and Protection [Member]
Net sales	7,387	8,538	21,961	20,298
Asia [Member] | Magnetic Solutions [Member]
Net sales	$ 35,028	$ 32,368	$ 91,977	$ 81,458

Note 3 - Revenue - Contract Ass

Note 3 - Revenue - Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Contract assets - current (unbilled receivables)	$ 28,592	$ 28,275
Contract liabilities - current (deferred revenue)	$ 11,303	$ 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						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Net earnings	$ 16,548	$ 17,038	$ 5,064	$ 5,734	$ 7,880	$ 3,199	$ 38,649	$ 16,813
Undistributed earnings	15,696			4,886			36,087	14,278
Common Class A [Member]
Net earnings	2,715			940			6,327	2,761
Less dividends declared	128	129	129	129	129	128	386	386
Undistributed earnings	$ 2,587			$ 811			$ 5,941	$ 2,375
Class A - basic and diluted (in shares)	2,142			2,145			2,144	2,145
Class A common share - basic and diluted (in dollars per share)	$ 1.27			$ 0.44			$ 2.95	$ 1.29
Common Class B [Member]
Net earnings	$ 13,833			$ 4,794			$ 32,322	$ 14,052
Less dividends declared	724	$ 726	$ 727	719	$ 714	$ 716	2,176	2,149
Undistributed earnings	$ 13,109			$ 4,075			$ 30,146	$ 11,903
Class A - basic and diluted (in shares)	10,340			10,269			10,358	10,237
Class A common share - basic and diluted (in dollars per share)	$ 1.34			$ 0.47			$ 3.12	$ 1.37

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivative Asset, Total	$ 5,946	$ 57
Long-Term Debt, Fair Value	110,000	112,500
Long-Term Debt, Gross	110,000	112,500
Fair Value, Nonrecurring [Member]
Assets, Fair Value Disclosure, Total	0	0
Foreign Exchange Forward [Member] | Maximum [Member]
Derivative Asset, Total	1,000	100
Interest Rate Swap [Member]
Derivative Asset, Total	5,900	100
Investments Held in Rabbi Trust [Member]
Debt Securities, Available-for-Sale, Total	$ 200	$ 300

Note 6 - Inventories - Componen

Note 6 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Raw materials	$ 71,024	$ 67,127
Work in progress	44,814	31,103
Finished goods	48,543	41,153
Inventories	$ 164,381	$ 139,383

Note 7 - Property, Plant and _3

Note 7 - Property, Plant and Equipment, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Depreciation, Total	$ 2,100	$ 2,300	$ 6,800	$ 7,200
Assets Held-for-sale, Not Part of Disposal Group, Total					$ 1,600
Gain (Loss) on Sale of Properties	1,596	$ 403	1,596	$ 6,578
Jersey City [Member]
Assets Held-for-sale, Not Part of Disposal Group, Total	1,500		$ 1,500
Proceeds from Sale of Buildings	1,800
Gain (Loss) on Sale of Properties	$ 1,600

Note 7 - Property, Plant and _4

Note 7 - Property, Plant and Equipment, Net - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Property, plant and equipment, gross	$ 145,776	$ 148,062
Accumulated depreciation	(110,549)	(109,852)
Property, plant and equipment, net	35,227	38,210
Land [Member]
Property, plant and equipment, gross	1,082	1,105
Building and Building Improvements [Member]
Property, plant and equipment, gross	21,058	20,915
Machinery and Equipment [Member]
Property, plant and equipment, gross	120,501	120,961
Construction in Progress [Member]
Property, plant and equipment, gross	$ 3,135	$ 5,081

Note 8 - Accrued Expenses (Deta

Note 8 - Accrued Expenses (Details Textual) - Restructuring Charges [Member] - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Manufacturing Facilities Consolidated into One New Facility in Southwestern China [Member]
Severance Costs	$ 1.1	$ 1.1
Other Restructuring Costs	2.6	2.6
Reorganization of the Connectivity Solutions Teams [Member]
Severance Costs	$ 0.2	$ 0.2

Note 8 - Accrued Expenses - Acc

Note 8 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Salaries, bonuses and related benefits	$ 24,718	$ 21,342
Accrued restructuring costs	3,637	9
Sales commissions	2,449	2,049
Subcontracting labor	1,927	1,622
Warranty accrual	1,338	1,056
Other	8,593	8,375
Accrued Liabilities, Current, Total	$ 42,662	$ 34,453

Note 8 - Accrued Expenses - Act

Note 8 - Accrued Expenses - Activity and Liability Balances Related to Restructuring Costs (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Liability, beginning balance	$ 9
New charges	4,000
Cash payment and other settlements	(372)
Liability, ending balance	3,637
Employee Severance [Member]
Liability, beginning balance	9
New charges	1,429
Cash payment and other settlements	(372)
Liability, ending balance	1,066
Other Restructuring [Member]
Liability, beginning balance	0
New charges	2,571
Cash payment and other settlements	0
Liability, ending balance	$ 2,571

Note 9 - Derivative Instrumen_3

Note 9 - Derivative Instruments and Hedging Activities (Details Textual) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Foreign Exchange Forward [Member]
Derivative, Notional Amount	$ 14.9	$ 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	Sep. 30, 2022	Dec. 31, 2021
Total derivative assets	$ 5,946	$ 57
Total derivative liabilities	995	135
Interest Rate Swap [Member]
Total derivative assets	5,900	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	5,946	0
Other Current Liabilities [Member] | Foreign Exchange Forward [Member]
Designated as a cash flow hedge	995	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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net (losses) gains recognized in AOCL	$ 1,535	$ 0	$ 4,743	$ 0
Net losses reclassified from AOCL to the consolidated statement of operations	(172)	0	(503)	0
Foreign Exchange Forward [Member]
Net (losses) gains recognized in AOCL	(671)	0	(1,196)	0
Net losses reclassified from AOCL to the consolidated statement of operations	(308)	0	(381)	0
Interest Rate Swap [Member]
Net (losses) gains recognized in AOCL	2,206	0	5,939	0
Net losses reclassified from AOCL to the consolidated statement of operations	$ 136	$ 0	$ (122)	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative instruments gain (loss)	$ 17	$ 31	$ 58	$ 82
Foreign Exchange Forward [Member]
Derivative instruments gain (loss)	$ 17	$ 31	$ 58	$ 82

Note 10 - Debt (Details Textual

Note 10 - Debt (Details Textual) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 02, 2021	Oct. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Repayments of Lines of Credit					$ 0	$ 14,500
Interest Rate Swap [Member]
Derivative, Notional Amount							$ 30,000
The 2021 Swaps [Member]
Derivative, Notional Amount							$ 60,000
The 2021 Swaps One [Member]
Derivative, Notional Amount			$ 30,000		$ 30,000
Derivative, Fixed Interest Rate			1.3055%		1.3055%		1.3055%
The 2021 Swaps Two [Member]
Derivative, Notional Amount			$ 30,000		$ 30,000
Derivative, Fixed Interest Rate			1.318%		1.318%		1.318%
Credit and Security Agreement with KeyBank [Member]
Long-Term Debt, Percentage Bearing Variable Interest, Amount			$ 50,000		$ 50,000		$ 52,500
Debt, Weighted Average Interest Rate			4.37%		4.37%		1.60%
Debt Instrument, Interest Rate During Period			3.38%		2.92%
Interest Expense, Debt, Total			$ 900	$ 1,500	$ 2,400	$ 3,000
Credit and Security Agreement with KeyBank [Member] | Term Loan [Member]
Long-Term Debt, Total			$ 110,000		$ 110,000		$ 112,500
Credit and Security Agreement with KeyBank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 175,000
Debt Instrument, Term (Year)	5 years
Line of Credit Facility, Maximum Letters of Credit Capacity	$ 10,000
Line of Credit Facility, Maximum Swing Line Loan Capacity	$ 5,000
Credit and Security Agreement with KeyBank [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]
Repayments of Lines of Credit		$ 10,000
Long-Term Line of Credit, Total		$ 100,000

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Unrecognized Tax Benefits, Ending Balance	$ 24		$ 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	0.4	$ 0.5
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 3.8		$ 5

Note 12 - Retirement, Savings_3

Note 12 - Retirement, Savings and Deferred Compensation Plans (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) shares
Bel Fuse Inc. Employees' Savings Plan [Member]
Defined Contribution Plan, Cost | $	$ 0.3	$ 0.3	$ 1	$ 0.9
Bel Fuse Inc. Employees' Savings Plan [Member] | Common Class A [Member]
Shares Held in Plan (in shares) | shares	313,559		313,559
Bel Fuse Inc. Employees' Savings Plan [Member] | Common Class B [Member]
Shares Held in Plan (in shares) | shares	93,789		93,789
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 | $	$ 0.4	$ 0.6	$ 1.3	$ 1.9
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Service cost	$ 126	$ 169	$ 377	$ 508
Interest cost	159	135	477	405
Net amortization	78	127	234	382
Net periodic benefit cost	$ 363	$ 431	$ 1,088	$ 1,295

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	Sep. 30, 2022	Dec. 31, 2021
Prior service cost	$ 365	$ 460
Net loss	1,252	1,391
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax, Total	$ 1,617	$ 1,851

Note 13 - Accumulated Other C_3

Note 13 - Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Foreign currency translation adjustment, net of taxes of ($334) at September 30, 2022 and ($417) at December 31, 2021	$ (31,263)	$ (14,911)
Unrealized gains (losses) on interest rate swap cash flow hedge, net of taxes of $0 at September 30, 2022 and $0 at December 31, 2021	5,945	(116)
Unrealized holding gains on marketable securities, net of taxes of ($7) at September 30, 2022 and ($7) at December 31, 2021	18	29
Unfunded SERP liability, net of taxes of ($451) at September 30, 2022 and ($502) at December 31, 2021	(3,683)	(3,865)
Accumulated other comprehensive loss	$ (28,983)	$ (18,863)

Note 13 - Accumulated Other C_4

Note 13 - Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Foreign currency translation adjustment, tax	$ (334)	$ (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	$ (451)	$ (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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Balance		$ 225,995	$ 196,598	$ 208,743	$ 185,799
Other comprehensive loss		(6,242)	(1,836)	(10,120)	(1,627)
Balance		236,033	200,202	236,033	200,202
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance				(14,911)
Other comprehensive (loss) income before reclassifications				(16,733)
Amount reclassified from accumulated other comprehensive loss				381
Other comprehensive loss				(16,352)
Balance		(31,263)		(31,263)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance				(116)
Other comprehensive (loss) income before reclassifications				5,939
Amount reclassified from accumulated other comprehensive loss				122
Other comprehensive loss				6,061
Balance		5,945		5,945
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance				29
Other comprehensive (loss) income before reclassifications				(11)
Amount reclassified from accumulated other comprehensive loss				0
Other comprehensive loss				(11)
Balance		18		18
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance				(3,865)
Other comprehensive (loss) income before reclassifications				(7)
Amount reclassified from accumulated other comprehensive loss	[1]			189
Other comprehensive loss				182
Balance		(3,683)		(3,683)
AOCI Attributable to Parent [Member]
Balance		(22,741)	(17,854)	(18,863)	(18,063)
Other comprehensive (loss) income before reclassifications				(10,812)
Amount reclassified from accumulated other comprehensive loss				692
Other comprehensive loss				(10,120)
Balance		$ (28,983)	$ (19,690)	$ (28,983)	$ (19,690)
[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) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Arezzo Revenue Agency [Member]
Loss Contingency, Estimate of Possible Loss	$ 12	$ 12

Note 15 - Segments (Details Tex

Note 15 - Segments (Details Textual)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue	$ 177,739	$ 146,966	$ 485,030	$ 396,351
Gross Profit	$ 51,534	$ 35,974	$ 130,946	$ 95,117
Gross Profit %	29%	24.50%	27%	24%
Connectivity Solutions [Member]
Revenue	$ 50,253	$ 40,344	$ 140,062	$ 121,446
Gross Profit	$ 13,099	$ 10,003	$ 37,414	$ 32,826
Gross Profit %	26.10%	24.80%	26.70%	27%
Power Solutions and Protection Segment [Member]
Revenue	$ 76,433	$ 60,281	$ 206,247	$ 159,312
Gross Profit	$ 24,801	$ 15,762	$ 60,775	$ 40,917
Gross Profit %	32.40%	26.10%	29.50%	25.70%
Magnetic Solutions Segment [Member]
Revenue	$ 51,053	$ 46,341	$ 138,721	$ 115,593
Gross Profit	$ 15,501	$ 10,722	$ 37,476	$ 24,026
Gross Profit %	30.40%	23.10%	27%	20.80%
Corporate Segment [Member]
Revenue	$ 0	$ 0	$ 0	$ 0
Gross Profit	$ (1,867)	$ (513)	$ (4,719)	$ (2,652)