Littelfuse (LFUS) 10-Q 2 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 29, 2014	Apr. 25, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'LITTELFUSE INC /DE	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-27	'
Entity Common Stock, Shares Outstanding	'	22,509,669
Amendment Flag	'false	'
Entity Central Index Key	'0000889331	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Well-known Seasoned Issuer	'Yes	'
Document Period End Date	29-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (current period unaudited) (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$319,806	$305,192
Short-term investments	6,943	6,886
Accounts receivable, less allowances	136,077	127,887
Inventories	99,121	92,591
Deferred income taxes	10,409	10,463
Prepaid expenses and other current assets	19,665	17,080
Assets held for sale	5,500	5,500
Total current assets	597,521	565,599
Property, plant and equipment:	'	'
Land	5,993	4,382
Buildings	65,403	59,699
Equipment	357,153	354,475
	428,549	418,556
Accumulated depreciation	-270,032	-268,383
Net property, plant and equipment	158,517	150,173
Intangible assets, net of amortization:	'	'
Patents, licenses and software	26,339	25,166
Distribution network	41,582	42,685
Customer lists, trademarks and tradenames	46,090	30,506
Goodwill	199,415	186,464
Other investments	13,686	12,286
Deferred income taxes	5,287	5,092
Other assets	7,229	6,402
Total assets	1,095,666	1,024,373
Current liabilities:	'	'
Accounts payable	37,341	33,872
Accrued payroll	16,802	29,437
Accrued expenses	13,267	13,087
Accrued severance	196	182
Accrued income taxes	7,357	5,931
Deferred income taxes	236	229
Current portion of long-term debt	193,000	126,000
Total current liabilities	268,199	208,738
Long-term debt, less current portion	92,500	93,750
Deferred income taxes	11,693	11,585
Accrued post-retirement benefits	'	8,528
Other long-term liabilities	16,907	14,856
Total equity	706,367	686,916
Total liabilities and equity	$1,095,666	$1,024,373

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (current period unaudited) (Parentheticals)	Mar. 29, 2014	Dec. 28, 2013
Common sharP5s issuP5d	22,534,655	22,467,491
Common shares outstanding	22,534,655	22,467,491

Consolidated_Statements_of_Net

Consolidated Statements of Net Income (unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 29, 2014		Mar. 30, 2013
Net sales	$206,859	[1]	$170,918	[1]
Cost of sales	128,365		106,312
Gross profit	78,494		64,606
Selling, general and administrative expenses	34,171		29,202
Research and development expenses	7,574		5,715
Amortization of intangibles	3,159		1,572
	44,904		36,489
Operating income	33,590		28,117
Interest expense	1,216		376
Impairment and equity in net loss of unconsolidated affiliate	'	[2]	10,678	[2]
Foreign exchange (gain) loss	-252		319
Other (income) expense, net	-1,186		-1,228
Income before income taxes	33,812		17,972
Income taxes	8,423		6,484
Net income	$25,389		$11,488
Net income per share (see note 8):	'		'
Basic (in Dollars per share)	$1.13		$0.52
Diluted (in Dollars per share)	$1.12		$0.51
Weighted average shares and equivalent shares outstanding:	'		'
Basic (in Shares)	22,492		22,095
Diluted (in Shares)	22,717		22,366
Cash dividends paid per common share (in Dollars per share)	$0.22		$0.20
[1]	Sales by country represent sales to customer or distributor locations.
[2]	During the first quarter of 2013, the company recorded approximately $10.7 million related to the impairment of its investment in Shocking Technologies. (See note 5).

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014		Mar. 30, 2013
Net income	$25,389		$11,488
Other comprehensive income (loss):	'		'
Pension liability adjustments, net (net of tax of $94 and $103, respectively)	-44	[1]	-194
Unrealized gain on investments	1,308		1,618
Foreign currency translation adjustments	-7,161		-5,250
Comprehensive income	$19,492		$7,662
[1]	Balances are net of tax of $6,566 and $6,549 for 2014 and 2013, respectively.

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (unaudited) (Parentheticals) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Tax	$94	$103

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Operating activities:	'	'
Net income	$25,389	$11,488
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	7,007	6,232
Amortization of intangibles	3,159	1,572
Stock-based compensation	1,465	1,779
Non-cash inventory charge	1,409	'
Excess tax benefit on share-based compensation	-1,057	-467
Loss (gain) on sale of assets	69	-24
Impairment and equity in net loss of unconsolidated affiliate	'	10,678
Changes in operating assets and liabilities:	'	'
Accounts receivable	-6,503	-9,745
Inventories	-774	3,632
Accounts payable	3,056	2,452
Accrued expenses (including post-retirement)	-6,455	-4,619
Accrued payroll and severance	-12,762	-7,319
Accrued taxes	1,153	-640
Prepaid expenses and other	-3,647	1,026
Net cash provided by operating activities	11,509	16,045
Investing activities:	'	'
Acquisition of business, net of cash acquired	-52,000	'
Purchases of property, plant, and equipment	-6,423	-5,453
Purchase of short-term investments	'	-8,478
Proceeds from sale of assets	15	9
Net cash used in investing activities	-58,408	-13,922
FINANCING activities:	'	'
Proceeds from revolving credit facility	75,000	15,000
Payments of revolving credit facility	-8,000	-5,000
Payments of term loan	-1,250	'
Debt issuance costs	-108	'
Cash dividends paid	-4,944	-4,410
Proceeds from exercise of stock options	3,676	5,283
Excess tax benefit on share-based compensation	1,057	467
Net cash provided by financing activities	65,431	11,340
Effect of exchange rate changes on cash and cash equivalents	-3,918	-1,972
Increase in cash and cash equivalents	14,614	11,491
Cash and cash equivalents at beginning of period	305,192	235,404
Cash and cash equivalents at end of period	$319,806	$246,895

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 29, 2014
Disclosure Text Block [Abstract]	'
Basis of Accounting [Text Block]	'
	1. Basis of Presentation
	The accompanying unaudited Condensed Consolidated Financial Statements of Littelfuse, Inc. and its subsidiaries (the “company”) have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for interim financial information, the instructions to Form 10-Q and Article 10 of Regulations S-X. Accordingly, certain information and disclosures normally included in the consolidated balance sheet, statements of net income and comprehensive income and cash flows prepared in conformity with U.S. GAAP have been condensed or omitted as permitted by such rules and regulations, although the company believes that the disclosures made are adequate to make the information not misleading. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the period ended March 29, 2014 are not necessarily indicative of the results that may be expected for the year ending December 27, 2014. For further information, refer to the company’s consolidated financial statements and the notes thereto incorporated by reference in the company’s Annual Report on Form 10-K for the year ended December 28, 2013. The company evaluated subsequent events through the date of its financial statements when filed with the Securities and Exchange Commission (“SEC”).

Note_2_Acquisition_of_Business

Note 2 - Acquisition of Businesses	3 Months Ended
	Mar. 29, 2014
Disclosure Text Block Supplement [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	2. Acquisition of Businesses
	SymCom, Inc.
	On January 3, 2014, the company acquired 100% of SymCom, Inc. (“SymCom”) for $52.0 million net of cash acquired. Headquartered in Rapid City, South Dakota, SymCom provides overload relays and pump controllers primarily to the industrial market. The acquisition allows the company to strengthen its position in the relay products market by adding new products and new customers within its Electrical business unit segment. SymCom is based in Rapid City, South Dakota. The company funded the acquisition with available cash.
	The following table sets forth the preliminary purchase price allocation for SymCom acquisition-date net assets, in accordance with the purchase method of accounting with adjustments to record the acquired net assets at their estimated fair values. The company expects to finalize the purchase price allocation for SymCom in the third quarter of 2014 as certain areas remain to be finalized; however, the adjustments are not anticipated to be significant.
	SymCom preliminary purchase price allocation (in thousands):
	Cash	$	325
	Current assets, net		9,704
	Property, plant and equipment		11,193
	Goodwill		13,375
	Trademarks		17,230
	Patents		1,500
	Other non-current assets		20
	Current liabilities		(1,022	)
		$	52,325
	All SymCom goodwill and other assets and liabilities were recorded in the Electrical business unit segment and reflected in the Americas geographical area. The trademarks are being amortized over 15 to 20 years. The patents are being amortized over 16 to 17 years. The goodwill resulting from this acquisition consists largely of the company’s expected future product sales and synergies from combining SymCom’s products with the company’s existing electrical product offerings. Goodwill for the above acquisition is expected to be deductible for tax purposes.
	As required by purchase accounting rules, the company recorded a $2.6 million step-up of inventory to its fair value as of the acquisition date. During the first quarter of 2014, as a portion of this inventory was sold, cost of goods sold included a $1.4 million non-cash charge for this step-up.
	Pro forma financial information is not presented for the SymCom acquisition due to amounts not being materially different than actual results.
	Hamlin, Inc.
	On May 31, 2013, the company acquired 100% of Hamlin, Inc. (“Hamlin”) from Key Safety Systems, for $144.4 million (net of cash acquired). Hamlin is a manufacturer of sensor technology providing standard products and custom solutions for leading global manufacturers in the automotive and electronic industries. The acquisition allows the company to expand its automotive and electronics product offerings in the global sensor market in both the Automotive and Electronics business segments. Hamlin is headquartered in Lake Mills, Wisconsin and has manufacturing, engineering and sales offices in the U.S., Mexico, Europe and Asia. The company funded the acquisition with available cash raised from borrowings on the company’s new credit arrangement (See Note 6).
	The following table sets forth the preliminary purchase price allocation, as of March 29, 2014, for Hamlin acquisition-date net assets, in accordance with the purchase method of accounting with adjustments to record the acquired net assets at their estimated fair values. The company expects to finalize the purchase price allocation for Hamlin in the second quarter of 2014 as certain areas remain to be finalized; however, the adjustments are not anticipated to be significant.
	Hamlin preliminary purchase price allocation (in thousands):
	Cash	$	15,984
	Current assets, net		27,811
	Property, plant and equipment		24,728
	Goodwill		50,793
	Distribution network		35,327
	Patents and licenses		16,276
	Trademarks		6,522
	Non-current assets		2,452
	Current liabilities		(7,309	)
	Non-current liabilities		(12,217	)
		$	160,367
	All Hamlin goodwill and other assets and liabilities were recorded in the Automotive and Electronics business unit segments and reflected in the Americas, Europe and Asia-Pacific geographical areas. The distribution network, trademarks and patents and licenses are all being amortized over 10 years. The goodwill resulting from this acquisition consists largely of the company’s expected future product sales and synergies from combining Hamlin’s products with the company’s existing product offerings. A portion of the goodwill for the acquisition is not expected to be deductible for tax purposes.
	The following unaudited pro forma results are provided below for the company’s acquisition of Hamlin and assume that the acquisition of Hamlin had been completed as of the beginning of fiscal year 2012
		For the three months ended
		29-Mar-14			30-Mar-13
		(Unaudited)			(Unaudited)
	Revenues	$	206,859		$	188,709
	Net income	$	25,389		$	12,211
	Net income per share:
	Basic	$	1.13		$	0.56
	Diluted	$	1.12		$	0.55
	Weighted-average shares and equivalent shares outstanding:
	Basic		22,492			22,095
	Diluted		22,717			22,366
	For the three months ended March 29, 2014, Hamlin added approximately $21.9 million in revenue and $0.3 million in net income to the company’s consolidated results.

Note_3_Inventories

Note 3 - Inventories	3 Months Ended
	Mar. 29, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	3. Inventories
	The components of inventories at March 29, 2014 and December 28, 2013 are as follows (in thousands):
		29-Mar-14		28-Dec-13
	Raw material	$	29,691	$	28,228
	Work in process		18,542		17,576
	Finished goods		50,888		46,787
	Total inventories	$	99,121	$	92,591

Note_4_Other_Investments

Note 4 - Other Investments	3 Months Ended
	Mar. 29, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Equity Method Investments and Joint Ventures Disclosure [Text Block]	'
	4. Other Investments
	The company’s other investments represent shares of Polytronics Technology Corporation Ltd. (“Polytronics”), a Taiwanese company. The Polytronics investment was acquired as part of the Heinrich Companies acquisition in 2004. The fair value of the Polytronics investment was €9.9million (approximately $13.7 million) at March 29, 2014 and €9.0 million (approximately $12.3 million) at December 28, 2013. Included in 2014 other comprehensive income is an unrealized gain of $1.3 million, due to the increase in fair market value of the Polytronics investment. The remaining movement was due to the impact of changes in exchange rates.

Note_5_Impairment_of_Investmen

Note 5 - Impairment of Investment in Unconsolidated Affiliate	3 Months Ended
	Mar. 29, 2014
Disclosure Text Block Supplement [Abstract]	'
Asset Impairment Charges [Text Block]	'
	5. Impairment of Investment in Unconsolidated Affiliate
	During the first quarter of 2013, the company fully impaired its investment in and loan receivable from Shocking Technologies, Inc. due to the their filing for Chapter 7 bankruptcy on March 12, 2013. The impairment charge of approximately $10.7 million consisted of the remaining equity method investment of $8.7 million and a $2.0 million loan receivable, and reduces the carrying value of both the investment and loan receivable to zero at March 30, 2013.
	The loss was recorded as a component of impairment and equity loss of unconsolidated affiliate in the Consolidated Statements of Net Income for the three months ended March 30, 2013.

Note_6_Debt

Note 6 - Debt	3 Months Ended
	Mar. 29, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	6. Debt
	The carrying amounts of debt at March 29, 2014 and December 28, 2013 are as follows (in thousands):
		29-Mar-14		28-Dec-13
	Term loan	$	97,500	$	98,750
	Revolving credit facility		188,000		121,000
	Total debt		285,500		219,750
	Less: Current maturities		193,000		126,000
	Total long-term debt	$	92,500	$	93,750
	On May 31, 2013, the company entered into a new credit agreement with J.P Morgan Securities LLC for up to $325.0 million which consists of an unsecured revolving credit facility of $225.0 million and an unsecured term loan of $100.0 million. The new credit agreement is for a five year period. On January 30, 2014, the company increased the unsecured revolving credit facility entered into on May 31, 2013, by $50.0 million thereby increasing the total revolver borrowing capacity from $225.0 million to $275.0 million. The company incurred debt issuance costs of $0.1 million which will be amortized over the life of the existing credit agreement. As of March 29, 2014, the company had available $86.4 million of borrowing capacity under the revolving credit agreement at an interest rate of LIBOR plus 1.250% (1.400% as of March 29, 2014).

Note_7_Fair_Value_of_Assets_an

Note 7 - Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 29, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	7. Fair Value of Assets and Liabilities
	In determining fair value, the company uses various valuation approaches within the fair value measurement framework. Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.
	Applicable accounting literature establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Applicable accounting literature defines levels within the hierarchy based on the reliability of inputs as follows:
	Level 1—Valuations based on unadjusted quoted prices for identical assets or liabilities in active markets;
	Level 2—Valuations based on quoted prices for similar assets or liabilities or identical assets or liabilities in less active markets, such as dealer or broker markets; and
	Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable, such as pricing models, discounted cash flow models and similar techniques not based on market, exchange, dealer or broker-traded transactions.
	Following is a description of the valuation methodologies used for instruments measured at fair value and their classification in the valuation hierarchy.
	Investment in Polytronics
	The company holds an investment in the equity securities of Polytronics as described in Note 5. Equity securities listed on a national market or exchange are valued at the last sales price. Such securities are classified within Level 1 of the valuation hierarchy.
	There were no changes during the quarter ended March 29, 2014 to the company’s valuation techniques used to measure asset and liability fair values on a recurring basis. As of March 29, 2014 and December 28, 2013 the company held no non-financial assets or liabilities that are required to be measured at fair value on a recurring basis.
	The following table presents assets measured at fair value by classification within the fair value hierarchy as of March 29, 2014 (in thousands):
		Fair Value Measurements Using
			Quoted Prices in		Significant		Significant		Total
			Active Markets for		Other		Unobservable
			Identical Assets		Observable		Inputs
			(Level 1)		Inputs		(Level 3)
					(Level 2)
	Investment in Polytronics		$	13,686	$	—	$	—	$	13,686
	Total		$	13,686	$	—	$	—	$	13,686
	The following table presents assets measured at fair value by classification within the fair value hierarchy as of December 28, 2013 (in thousands):
		Fair Value Measurements Using
			Quoted Prices in		Significant		Significant		Total
			Active Markets for		Other		Unobservable
			Identical Assets		Observable		Inputs
			(Level 1)		Inputs		(Level 3)
					(Level 2)
	Investment in Polytronics		$	12,286	$	—	$	—	$	12,286
	Total		$	12,286	$	—	$	—	$	12,286
	The company’s other financial instruments include cash and cash equivalents, short-term investments, accounts receivable, accounts payable and debt. The carrying amounts of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and debt approximate their fair values. The company’s debt fair value approximates book value at March 29, 2014 and December 28, 2013, respectively, as the variable interest rates fluctuate along with market interest rates.

Note_8_Earnings_Per_Share

Note 8 - Earnings Per Share	3 Months Ended
	Mar. 29, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	8. Earnings Per Share
	In 2013, the company calculated its earnings per share using the two-class method which included an earnings allocation formula that determined earnings per share for each class of common stock according to dividends declared and undistributed earnings for the period. Previously, the company’s reported net earnings were reduced by the amount allocated to participating securities to arrive at the earnings allocated to common stock shareholders for purposes of calculating earnings per share under the two-class method. As of January, 2014, the company no longer has “participating securities” as defined under ASC 260. As such, the company now calculates its earnings per share using the treasury method. All of the previous participating securities that resulted in the company using the two-class method have become fully vested or have otherwise expired.
	Under the previous two-class method calculation, the dilutive effect of participating securities was calculated using the more dilutive of the treasury stock or the two-class method. The company previously determined the two-class method to be the more dilutive. As such, the earnings allocated to common stock shareholders in the basic earnings per share calculation was adjusted for the reallocation of undistributed earnings to participating securities to arrive at the earnings allocated to common stock shareholders for calculating the diluted earnings per share.
	The following table sets forth the computation of basic and diluted earnings per share under the treasury share method as of March 29, 2014 and the two-class method as of March 30, 2013.
		For the Three Months Ended
	(in thousands except per share amounts)	29-Mar-14		30-Mar-13
				(Restated)
	Net income as reported	$	25,389	$	11,488
	Less: Distributed earnings available to participating securities		—		(9	)
	Less: Undistributed earnings available to participating securities		—		(7	)
	Numerator for basic earnings per share —
	Undistributed and distributed earnings available to common shareholders	$	25,389	$	11,472
	Add: Undistributed earnings allocated to participating securities		—		7
	Less: Undistributed earnings reallocated to participating securities		—		(6	)
	Numerator for diluted earnings per share —
	Undistributed and distributed earnings available to common shareholders	$	25,389	$	11,473
	Denominator for basic earnings per share —
	Weighted-average shares		22,492		22,095
	Effect of dilutive securities:
	Common stock equivalents		225		271
	Denominator for diluted earnings per share —
	Adjusted for weighted-average shares & assumed conversions		22,717		22,366
	Basic earnings per share	$	1.13	$	0.52
	Diluted earnings per share	$	1.12	$	0.51

Note_9_Income_Taxes

Note 9 - Income Taxes	3 Months Ended
	Mar. 29, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	9. Income Taxes
	The effective tax rate for the first quarter of 2014 was 24.9% compared to an effective tax rate of 36.1% in the first quarter of 2013. The effective tax rates for both the first quarter of 2014 and 2013 are lower than the U.S. statutory tax rate primarily due to the result of more income earned in low tax jurisdictions.

Note_10_Pensions

Note 10 - Pensions	3 Months Ended
	Mar. 29, 2014
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	10. Pensions
	The components of net periodic benefit cost for the three months ended March 29, 2014, compared with the three months ended March 30, 2013, were (in thousands):
		U.S. Plans						Foreign Plans
		Three Months Ended						Three Months Ended
		29-Mar-14			30-Mar-13			29-Mar-14			March 30 2013
	Service cost	$	150		$	150		$	311		$	255
	Interest cost		971			891			591			183
	Expected return on plan assets		(1,411	)		(1,340	)		(573	)		(74	)
	Amortization of net loss		137			236			48			39
	Total cost of the plan		(153	)		(63	)		377			403
	Expected plan participants’ contribution		—			—			—			—
	Net periodic benefit cost	$	(153	)	$	(63	)	$	377		$	403
	The expected rate of return assumption on domestic pension assets is 6.75% in 2014 and 2013. The expected return on foreign pension assets is 5.14% and 3.00% in 2014 and 2013, respectively.

Note_11_Business_Unit_Segment_

Note 11 - Business Unit Segment Information	3 Months Ended
	Mar. 29, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	11. Business Unit Segment Information
	The company and its subsidiaries design, manufacture and sell circuit protection devices throughout the world. The company reports its operations by the following business unit segments: Electronics, Automotive, and Electrical. Each operating segment is directly responsible for sales, marketing and research and development. Manufacturing, purchasing, logistics, customer service, finance, information technology and human resources are shared functions that are allocated back to the three operating segments. The CEO allocates resources to and assesses the performance of each operating segment using information about its revenue and operating income (loss) before interest and taxes, but does not evaluate the operating segments using discrete balance sheet information.
	Sales, marketing and research and development expenses are charged directly into each operating segment. All other functions are shared by the operating segments and expenses for these shared functions are allocated to the operating segments and included in the operating results reported below. The company does not report inter-segment revenue because the operating segments do not record it. The company does not allocate interest and other income, interest expense, or taxes to operating segments. Although the CEO uses operating income (loss) to evaluate the segments, operating costs included in one segment may benefit other segments. Except as discussed above, the accounting policies for segment reporting are the same as for the company as a whole.
	An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, and about which separate financial information is regularly evaluated by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources. The CODM is the company’s President and Chief Executive Officer (“CEO”).
	Business unit segment information for the three months ended March 29, 2014 and March 30, 2013 are summarized as follows (in thousands):
		29-Mar-14			30-Mar-13
	Net sales
	Electronics	$	95,722		$	79,415
	Automotive		82,419			59,385
	Electrical		28,718			32,118
	Total net sales	$	206,859		$	170,918
	Depreciation and amortization
	Electronics	$	5,370		$	4,861
	Automotive		3,528			1,984
	Electrical		1,268			959
	Total depreciation and amortization	$	10,166		$	7,804
	Operating income
	Electronics	$	19,068		$	12,143
	Automotive		11,899			9,483
	Electrical		4,032			6,491
	Other(1)		(1,409	)		—
	Total operating income		33,590			28,117
	Interest expense		1,216			376
	Impairment, loan loss and equity in net loss of unconsolidated affiliate (2)		—			10,678
	Foreign exchange (gain) loss		(252	)		319
	Other (income) expense, net		(1,186	)		(1,228	)
	Income before income taxes	$	33,812		$	17,972
	(1) “Other” consists of acquisition costs related to the SymCom acquisition. (See note 2).
	(2) During the first quarter of 2013, the company recorded approximately $10.7 million related to the impairment of its investment in Shocking Technologies. (See note 5).
	The company’s significant net sales by country for the three months ended March 29, 2014 and March 30, 2013 are summarized as follows (in thousands):
		Net sales(a)
		29-Mar-14			30-Mar-13
	United States	$	71,874		$	57,914
	China		37,213			33,614
	Other countries		97,772			79,390
	Total	$	206,859		$	170,918
	(a) Sales by country represent sales to customer or distributor locations.
	The company’s significant long-lived assets by country as of March 29, 2014 and December 28, 2013 are summarized as follows (in thousands):
		Long-lived assets(b)
		29-Mar-14			28-Dec-13
	United States	$	38,583		$	27,294
	China		42,784			45,843
	Canada		13,760			14,429
	Other countries		63,390			62,607
	Total	$	158,517		$	150,173
	(b) Long-lived assets consists of net property, plant and equipment.

Note_12_Accumulated_Other_Comp

Note 12 - Accumulated Other Comprehensive Income (Loss) (AOCI)	3 Months Ended
	Mar. 29, 2014
Disclosure Text Block [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	12. Accumulated Other Comprehensive Income (Loss) (AOCI)
	The following table sets forth the changes in the components of AOCI by component (in thousands):
	AOCI component	Balance at			Other comprehensive income (loss) activity			Reclassification adjustment for expense included in net income		Balance at
		28-Dec-13								29-Mar-14
	Pension liability adjustment(a)	$	(17,140	)	$	(131	)	$	87	$	(17,184	)
	Unrealized gain on investments(b)		9,393			1,308			—		10,701
	Foreign currency translation adjustment		28,164			(7,161	)		—		21,003
	AOCI income (loss)	$	20,417		$	(5,984	)	$	87	$	14,520
	(a) Balances are net of tax of $6,566 and $6,549 for 2014 and 2013, respectively.
	(b) Balances are net of tax of $0 and $0 for 2014 and 2013, respectively.

Note_2_Acquisition_of_Business1

Note 2 - Acquisition of Businesses (Tables)	3 Months Ended
	Mar. 29, 2014
Note 2 - Acquisition of Businesses (Tables) [Line Items]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'
	SymCom preliminary purchase price allocation (in thousands):
	Cash	$	325
	Current assets, net		9,704
	Property, plant and equipment		11,193
	Goodwill		13,375
	Trademarks		17,230
	Patents		1,500
	Other non-current assets		20
	Current liabilities		(1,022	)
		$	52,325
	Hamlin preliminary purchase price allocation (in thousands):
	Cash	$	15,984
	Current assets, net		27,811
	Property, plant and equipment		24,728
	Goodwill		50,793
	Distribution network		35,327
	Patents and licenses		16,276
	Trademarks		6,522
	Non-current assets		2,452
	Current liabilities		(7,309	)
	Non-current liabilities		(12,217	)
		$	160,367
Hamlin, Inc. [Member]	'
Note 2 - Acquisition of Businesses (Tables) [Line Items]	'
Business Acquisition, Pro Forma Information [Table Text Block]	'
		For the three months ended
		29-Mar-14			30-Mar-13
		(Unaudited)			(Unaudited)
	Revenues	$	206,859		$	188,709
	Net income	$	25,389		$	12,211
	Net income per share:
	Basic	$	1.13		$	0.56
	Diluted	$	1.12		$	0.55
	Weighted-average shares and equivalent shares outstanding:
	Basic		22,492			22,095
	Diluted		22,717			22,366

Note_3_Inventories_Tables

Note 3 - Inventories (Tables)	3 Months Ended
	Mar. 29, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
		29-Mar-14		28-Dec-13
	Raw material	$	29,691	$	28,228
	Work in process		18,542		17,576
	Finished goods		50,888		46,787
	Total inventories	$	99,121	$	92,591

Note_6_Debt_Tables

Note 6 - Debt (Tables)	3 Months Ended
	Mar. 29, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
		29-Mar-14		28-Dec-13
	Term loan	$	97,500	$	98,750
	Revolving credit facility		188,000		121,000
	Total debt		285,500		219,750
	Less: Current maturities		193,000		126,000
	Total long-term debt	$	92,500	$	93,750

Note_7_Fair_Value_of_Assets_an1

Note 7 - Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 29, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	'
		Fair Value Measurements Using
			Quoted Prices in		Significant		Significant		Total
			Active Markets for		Other		Unobservable
			Identical Assets		Observable		Inputs
			(Level 1)		Inputs		(Level 3)
					(Level 2)
	Investment in Polytronics		$	13,686	$	—	$	—	$	13,686
	Total		$	13,686	$	—	$	—	$	13,686
		Fair Value Measurements Using
			Quoted Prices in		Significant		Significant		Total
			Active Markets for		Other		Unobservable
			Identical Assets		Observable		Inputs
			(Level 1)		Inputs		(Level 3)
					(Level 2)
	Investment in Polytronics		$	12,286	$	—	$	—	$	12,286
	Total		$	12,286	$	—	$	—	$	12,286

Note_8_Earnings_Per_Share_Tabl

Note 8 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 29, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		For the Three Months Ended
	(in thousands except per share amounts)	29-Mar-14		30-Mar-13
				(Restated)
	Net income as reported	$	25,389	$	11,488
	Less: Distributed earnings available to participating securities		—		(9	)
	Less: Undistributed earnings available to participating securities		—		(7	)
	Numerator for basic earnings per share —
	Undistributed and distributed earnings available to common shareholders	$	25,389	$	11,472
	Add: Undistributed earnings allocated to participating securities		—		7
	Less: Undistributed earnings reallocated to participating securities		—		(6	)
	Numerator for diluted earnings per share —
	Undistributed and distributed earnings available to common shareholders	$	25,389	$	11,473
	Denominator for basic earnings per share —
	Weighted-average shares		22,492		22,095
	Effect of dilutive securities:
	Common stock equivalents		225		271
	Denominator for diluted earnings per share —
	Adjusted for weighted-average shares & assumed conversions		22,717		22,366
	Basic earnings per share	$	1.13	$	0.52
	Diluted earnings per share	$	1.12	$	0.51

Note_10_Pensions_Tables

Note 10 - Pensions (Tables)	3 Months Ended
	Mar. 29, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Net Benefit Costs [Table Text Block]	'
		U.S. Plans						Foreign Plans
		Three Months Ended						Three Months Ended
		29-Mar-14			30-Mar-13			29-Mar-14			March 30 2013
	Service cost	$	150		$	150		$	311		$	255
	Interest cost		971			891			591			183
	Expected return on plan assets		(1,411	)		(1,340	)		(573	)		(74	)
	Amortization of net loss		137			236			48			39
	Total cost of the plan		(153	)		(63	)		377			403
	Expected plan participants’ contribution		—			—			—			—
	Net periodic benefit cost	$	(153	)	$	(63	)	$	377		$	403

Note_11_Business_Unit_Segment_1

Note 11 - Business Unit Segment Information (Tables)	3 Months Ended
	Mar. 29, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		29-Mar-14			30-Mar-13
	Net sales
	Electronics	$	95,722		$	79,415
	Automotive		82,419			59,385
	Electrical		28,718			32,118
	Total net sales	$	206,859		$	170,918
	Depreciation and amortization
	Electronics	$	5,370		$	4,861
	Automotive		3,528			1,984
	Electrical		1,268			959
	Total depreciation and amortization	$	10,166		$	7,804
	Operating income
	Electronics	$	19,068		$	12,143
	Automotive		11,899			9,483
	Electrical		4,032			6,491
	Other(1)		(1,409	)		—
	Total operating income		33,590			28,117
	Interest expense		1,216			376
	Impairment, loan loss and equity in net loss of unconsolidated affiliate (2)		—			10,678
	Foreign exchange (gain) loss		(252	)		319
	Other (income) expense, net		(1,186	)		(1,228	)
	Income before income taxes	$	33,812		$	17,972
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	'
		Net sales(a)
		29-Mar-14			30-Mar-13
	United States	$	71,874		$	57,914
	China		37,213			33,614
	Other countries		97,772			79,390
	Total	$	206,859		$	170,918
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]	'
		Long-lived assets(b)
		29-Mar-14			28-Dec-13
	United States	$	38,583		$	27,294
	China		42,784			45,843
	Canada		13,760			14,429
	Other countries		63,390			62,607
	Total	$	158,517		$	150,173

Note_12_Accumulated_Other_Comp1

Note 12 - Accumulated Other Comprehensive Income (Loss) (AOCI) (Tables)	3 Months Ended
	Mar. 29, 2014
Disclosure Text Block [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	AOCI component	Balance at			Other comprehensive income (loss) activity			Reclassification adjustment for expense included in net income		Balance at
		28-Dec-13								29-Mar-14
	Pension liability adjustment(a)	$	(17,140	)	$	(131	)	$	87	$	(17,184	)
	Unrealized gain on investments(b)		9,393			1,308			—		10,701
	Foreign currency translation adjustment		28,164			(7,161	)		—		21,003
	AOCI income (loss)	$	20,417		$	(5,984	)	$	87	$	14,520

Note_2_Acquisition_of_Business2

Note 2 - Acquisition of Businesses (Details) (USD $)	3 Months Ended	0 Months Ended	3 Months Ended	1 Months Ended		3 Months Ended	0 Months Ended
	Mar. 29, 2014	Jan. 03, 2014	Mar. 29, 2014	31-May-13	31-May-13	Mar. 29, 2014	Jan. 03, 2014	Jan. 03, 2014	Jan. 03, 2014	Jan. 03, 2014
		SymCom, Inc. [Member]	SymCom, Inc. [Member]	Hamlin, Inc. [Member]	Hamlin, Inc. [Member]	Hamlin, Inc. [Member]	Minimum [Member]	Minimum [Member]	Maximum [Member]	Maximum [Member]
				Distribution Network, Trademarks and Patents [Member]			SymCom, Inc. [Member]	SymCom, Inc. [Member]	SymCom, Inc. [Member]	SymCom, Inc. [Member]
							Trademarks [Member]	Patents [Member]	Trademarks [Member]	Patents [Member]
Note 2 - Acquisition of Businesses (Details) [Line Items]	'	'	'	'	'	'	'	'	'	'
Business Acquisition, Percentage of Voting Interests Acquired	'	100.00%	'	'	100.00%	'	'	'	'	'
Payments to Acquire Businesses, Net of Cash Acquired	$52,000,000	$52,000,000	'	'	'	'	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'	'	'	'10 years	'	'	'15 years	'16 years	'20 years	'17 years
Business Acquisition, Inventory Step-up	'	2,600,000	'	'	'	'	'	'	'	'
Non-cash Charges Related to Inventory Step-up	'	'	1,400,000	'	'	'	'	'	'	'
Business Combination, Consideration Transferred	'	'	'	'	144,400,000	'	'	'	'	'
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	'	'	'	'	'	21,900,000	'	'	'	'
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	'	'	'	'	'	$300,000	'	'	'	'

Note_2_Acquisition_of_Business3

Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations [Line Items]	'	'
Goodwill	$199,415	$186,464
SymCom, Inc. [Member] | Trademarks [Member]	'	'
Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations [Line Items]	'	'
Amortizable intangible assets	17,230	'
SymCom, Inc. [Member] | Patents [Member]	'	'
Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations [Line Items]	'	'
Amortizable intangible assets	1,500	'
SymCom, Inc. [Member]	'	'
Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations [Line Items]	'	'
Cash	325	'
Current assets, net	9,704	'
Property, plant and equipment	11,193	'
Goodwill	13,375	'
Other non-current assets	20	'
Current liabilities	-1,022	'
Total purchase price allocation	52,325	'
Hamlin, Inc. [Member] | Trademarks [Member]	'	'
Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations [Line Items]	'	'
Amortizable intangible assets	6,522	'
Hamlin, Inc. [Member] | Distribution Rights [Member]	'	'
Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations [Line Items]	'	'
Amortizable intangible assets	35,327	'
Hamlin, Inc. [Member] | Patents and Licenses [Member]	'	'
Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations [Line Items]	'	'
Amortizable intangible assets	16,276	'
Hamlin, Inc. [Member]	'	'
Note 2 - Acquisition of Businesses (Details) - Final Purchase Price Allocations [Line Items]	'	'
Cash	15,984	'
Current assets, net	27,811	'
Property, plant and equipment	24,728	'
Goodwill	50,793	'
Non-current assets	2,452	'
Current liabilities	-7,309	'
Non-current liabilities	-12,217	'
Total purchase price allocation	$160,367	'

Note_2_Acquisition_of_Business4

Note 2 - Acquisition of Businesses (Details) - Unaudited Pro Forma Results (Hamlin, Inc. [Member], USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Hamlin, Inc. [Member]	'	'
Note 2 - Acquisition of Businesses (Details) - Unaudited Pro Forma Results [Line Items]	'	'
Revenues	$206,859	$188,709
Net income	$25,389	$12,211
Net income per share:	'	'
Basic	$1.13	$0.56
Diluted	$1.12	$0.55
Weighted-average shares and equivalent shares outstanding:	'	'
Basic	22,492	22,095
Diluted	22,717	22,366

Note_3_Inventories_Details_Com

Note 3 - Inventories (Details) - Components of Inventories (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Components of Inventories [Abstract]	'	'
Raw material	$29,691	$28,228
Work in process	18,542	17,576
Finished goods	50,888	46,787
Total inventories	$99,121	$92,591

Note_4_Other_Investments_Detai

Note 4 - Other Investments (Details)	3 Months Ended
In Millions, unless otherwise specified	Mar. 29, 2014	Mar. 29, 2014	Dec. 28, 2013	Dec. 28, 2013
	USD ($)	EUR (€)	USD ($)	EUR (€)
Equity Method Investments and Joint Ventures [Abstract]	'	'	'	'
Marketable Securities, Equity Securities	$13.70	€ 9.90	$12.30	€ 9
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax	$1.30	'	'	'

Note_5_Impairment_of_Investmen1

Note 5 - Impairment of Investment in Unconsolidated Affiliate (Details) (Shocking [Member], USD $)	3 Months Ended
	Mar. 30, 2013
Note 5 - Impairment of Investment in Unconsolidated Affiliate (Details) [Line Items]	'
Other than Temporary Impairment Losses, Investments	$10,700,000
Investments	0
Due from Affiliates	0
Loans Receivable [Member]	'
Note 5 - Impairment of Investment in Unconsolidated Affiliate (Details) [Line Items]	'
Other than Temporary Impairment Losses, Investments	2,000,000
Equity Method Investments [Member]	'
Note 5 - Impairment of Investment in Unconsolidated Affiliate (Details) [Line Items]	'
Other than Temporary Impairment Losses, Investments	$8,700,000

Note_6_Debt_Details

Note 6 - Debt (Details) (USD $)	Mar. 29, 2014	Dec. 28, 2013	Mar. 29, 2014	Jan. 30, 2014	Mar. 29, 2014	Jan. 29, 2014	31-May-13	31-May-13
			J.P. Morgan Securities LLC [Member]	J.P. Morgan Securities LLC [Member]	J.P. Morgan Securities LLC [Member]	J.P. Morgan Securities LLC [Member]	J.P. Morgan Securities LLC [Member]	J.P. Morgan Securities LLC [Member]
			Base Rate [Member]	Unsecured Revolving Credit Facility [Member]	Unsecured Revolving Credit Facility [Member]	Unsecured Revolving Credit Facility [Member]	Unsecured Revolving Credit Facility [Member]
			Unsecured Revolving Credit Facility [Member]
Note 6 - Debt (Details) [Line Items]	'	'	'	'	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	'	'	$275,000,000	'	$225,000,000	$225,000,000	$325,000,000
Loans Payable to Bank	97,500,000	98,750,000	'	'	'	'	'	100,000,000
Line of Credit Facility, Increase in Maximum Borrowing Capacity	'	'	'	50,000,000	'	'	'	'
Debt Issuance Cost	'	'	'	100,000	'	'	'	'
Line of Credit Facility, Remaining Borrowing Capacity	'	'	'	'	$86,400,000	'	'	'
Debt Instrument, Basis Spread on Variable Rate	'	'	1.25%	'	'	'	'	'
Line of Credit Facility, Interest Rate at Period End	'	'	'	'	1.40%	'	'	'

Note_6_Debt_Details_Carrying_A

Note 6 - Debt (Details) - Carrying Amounts of Long-term Debt (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Carrying Amounts of Long-term Debt [Abstract]	'	'
Term loan	$97,500	$98,750
Revolving credit facility	188,000	121,000
Total debt	285,500	219,750
Less: Current maturities	193,000	126,000
Total long-term debt	$92,500	$93,750

Note_7_Fair_Value_of_Assets_an2

Note 7 - Fair Value of Assets and Liabilities (Details) - Assets Measured at Fair Value (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Note 7 - Fair Value of Assets and Liabilities (Details) - Assets Measured at Fair Value [Line Items]	'	'
Available-for-sale securities	$13,686	$12,286
Total	13,686	12,286
Fair Value, Inputs, Level 1 [Member]	'	'
Note 7 - Fair Value of Assets and Liabilities (Details) - Assets Measured at Fair Value [Line Items]	'	'
Available-for-sale securities	13,686	12,286
Total	$13,686	$12,286

Note_8_Earnings_Per_Share_Deta

Note 8 - Earnings Per Share (Details) - Computation of Basic and Diluted Earnings Per Share under the Two-class Method (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Computation of Basic and Diluted Earnings Per Share under the Two-class Method [Abstract]	'	'
Net income as reported	$25,389	$11,488
Less: Distributed earnings available to participating securities	'	-9
Less: Undistributed earnings available to participating securities	'	-7
Numerator for basic earnings per share b	'	'
Undistributed and distributed earnings available to common shareholders	25,389	11,472
Add: Undistributed earnings allocated to participating securities	'	7
Less: Undistributed earnings reallocated to participating securities	'	-6
Numerator for diluted earnings per share b	'	'
Undistributed and distributed earnings available to common shareholders	$25,389	$11,473
Denominator for basic earnings per share b	'	'
Weighted-average shares (in Shares)	22,492	22,095
Effect of dilutive securities:	'	'
Common stock equivalents (in Shares)	225	271
Denominator for diluted earnings per share b	'	'
Adjusted for weighted-average shares & assumed conversions (in Shares)	22,717	22,366
Basic earnings per share (in Dollars per share)	$1.13	$0.52
Diluted earnings per share (in Dollars per share)	$1.12	$0.51

Note_9_Income_Taxes_Details

Note 9 - Income Taxes (Details)	3 Months Ended
	Mar. 29, 2014	Mar. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Effective Income Tax Rate Reconciliation, Percent	24.90%	36.10%

Note_10_Pensions_Details

Note 10 - Pensions (Details)	3 Months Ended
	Mar. 29, 2014	Mar. 30, 2013
United States Pension Plan of US Entity, Defined Benefit [Member]	'	'
Note 10 - Pensions (Details) [Line Items]	'	'
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	6.75%	6.75%
Foreign Pension Plan, Defined Benefit [Member]	'	'
Note 10 - Pensions (Details) [Line Items]	'	'
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	5.14%	3.00%

Note_10_Pensions_Details_Compo

Note 10 - Pensions (Details) - Components of Net Periodic Benefit Cost (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
United States Pension Plan of US Entity, Defined Benefit [Member]	'	'
Note 10 - Pensions (Details) - Components of Net Periodic Benefit Cost [Line Items]	'	'
Service cost	$150	$150
Interest cost	971	891
Expected return on plan assets	-1,411	-1,340
Amortization of net loss	137	236
Total cost of the plan	-153	-63
Expected plan participantsb contribution	0	0
Net periodic benefit cost	-153	-63
Foreign Pension Plan, Defined Benefit [Member]	'	'
Note 10 - Pensions (Details) - Components of Net Periodic Benefit Cost [Line Items]	'	'
Service cost	311	255
Interest cost	591	183
Expected return on plan assets	-573	-74
Amortization of net loss	48	39
Total cost of the plan	377	403
Expected plan participantsb contribution	0	0
Net periodic benefit cost	$377	$403

Note_11_Business_Unit_Segment_2

Note 11 - Business Unit Segment Information (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
		Shocking [Member]
Note 11 - Business Unit Segment Information (Details) [Line Items]	'	'
Number of Operating Segments	3	'
Asset Impairment Charges	'	$10.70

Note_11_Business_Unit_Segment_3

Note 11 - Business Unit Segment Information (Details) - Business Unit Segment Information (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014		Mar. 30, 2013
Net sales	'		'
Net sales	$206,859	[1]	$170,918	[1]
Depreciation and amortization	'		'
Depreciation and amortization	10,166		7,804
Operating income	'		'
Operating income	33,590		28,117
Interest expense	1,216		376
Impairment, loan loss and equity in net loss of unconsolidated affiliate (2)	'	[2]	10,678	[2]
Foreign exchange (gain) loss	-252		319
Other (income) expense, net	-1,186		-1,228
Income before income taxes	33,812		17,972
Electronics [Member]	'		'
Net sales	'		'
Net sales	95,722		79,415
Depreciation and amortization	'		'
Depreciation and amortization	5,370		4,861
Operating income	'		'
Operating income	19,068		12,143
Automotive [Member]	'		'
Net sales	'		'
Net sales	82,419		59,385
Depreciation and amortization	'		'
Depreciation and amortization	3,528		1,984
Operating income	'		'
Operating income	11,899		9,483
Electrical [Member]	'		'
Net sales	'		'
Net sales	28,718		32,118
Depreciation and amortization	'		'
Depreciation and amortization	1,268		959
Operating income	'		'
Operating income	4,032		6,491
Other Segments [Member]	'		'
Operating income	'		'
Operating income	($1,409)	[3]	'	[3]
[1]	Sales by country represent sales to customer or distributor locations.
[2]	During the first quarter of 2013, the company recorded approximately $10.7 million related to the impairment of its investment in Shocking Technologies. (See note 5).
[3]	"Other" consists of acquisition costs related to the SymCom acquisition. (See note 2).

Note_11_Business_Unit_Segment_4

Note 11 - Business Unit Segment Information (Details) - Net Sales by Geographic Area (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014		Mar. 30, 2013
Note 11 - Business Unit Segment Information (Details) - Net Sales by Geographic Area [Line Items]	'		'
Net sales	$206,859	[1]	$170,918	[1]
UNITED STATES	'		'
Note 11 - Business Unit Segment Information (Details) - Net Sales by Geographic Area [Line Items]	'		'
Net sales	71,874	[1]	57,914	[1]
CHINA	'		'
Note 11 - Business Unit Segment Information (Details) - Net Sales by Geographic Area [Line Items]	'		'
Net sales	37,213	[1]	33,614	[1]
Other Countries [Member]	'		'
Note 11 - Business Unit Segment Information (Details) - Net Sales by Geographic Area [Line Items]	'		'
Net sales	$97,772	[1]	$79,390	[1]
[1]	Sales by country represent sales to customer or distributor locations.

Note_11_Business_Unit_Segment_5

Note 11 - Business Unit Segment Information (Details) - Long-lived Assets by Geographical Area (USD $)	Mar. 29, 2014		Dec. 28, 2013
In Thousands, unless otherwise specified
Note 11 - Business Unit Segment Information (Details) - Long-lived Assets by Geographical Area [Line Items]	'		'
Long-lived assets	$158,517	[1]	$150,173	[1]
UNITED STATES	'		'
Note 11 - Business Unit Segment Information (Details) - Long-lived Assets by Geographical Area [Line Items]	'		'
Long-lived assets	38,583	[1]	27,294	[1]
CHINA	'		'
Note 11 - Business Unit Segment Information (Details) - Long-lived Assets by Geographical Area [Line Items]	'		'
Long-lived assets	42,784	[1]	45,843	[1]
CANADA	'		'
Note 11 - Business Unit Segment Information (Details) - Long-lived Assets by Geographical Area [Line Items]	'		'
Long-lived assets	13,760	[1]	14,429	[1]
Other Countries [Member]	'		'
Note 11 - Business Unit Segment Information (Details) - Long-lived Assets by Geographical Area [Line Items]	'		'
Long-lived assets	$63,390	[1]	$62,607	[1]
[1]	Long-lived assets consists of net property, plant and equipment.

Note_12_Accumulated_Other_Comp2

Note 12 - Accumulated Other Comprehensive Income (Loss) (AOCI) (Details) (USD $)	Mar. 29, 2014	Mar. 30, 2013
Disclosure Text Block [Abstract]	'	'
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	$6,566	$6,549
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Tax	$0	$0

Note_12_Accumulated_Other_Comp3

Note 12 - Accumulated Other Comprehensive Income (Loss) (AOCI) (Details) - Components of Accumulated Other Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014		Mar. 30, 2013
Components of Accumulated Other Comprehensive Income (Loss) [Abstract]	'		'
Pension liability adjustment(a)	($17,140)	[1]	'
Pension liability adjustment(a)	-44	[1]	-194
Pension liability adjustment(a)	87	[1]	'
Pension liability adjustment(a)	-17,184	[1]	'
Unrealized gain on investments(b)	9,393	[2]	'
Unrealized gain on investments(b)	1,308	[2]	'
Unrealized gain on investments(b)	10,701	[2]	'
Unrealized gain on investments(b)	'	[2]	'
Foreign currency translation adjustment	28,164		'
Foreign currency translation adjustment	-7,161		-5,250
Foreign currency translation adjustment	21,003		'
AOCI income (loss)	20,417		'
AOCI income (loss)	-5,984		'
AOCI income (loss)	87		'
AOCI income (loss)	$14,520		'
[1]	Balances are net of tax of $6,566 and $6,549 for 2014 and 2013, respectively.
[2]	Balances are net of tax of $0 and $0 for 2014 and 2013, respectively.