Basis of Presentation and Significant Accounting Policies [Text Block] | 1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Bel Fuse Inc. and subsidiaries ("Bel," the "Company," "we," "us," and "our") design, manufacture and sell a broad array of products that power, protect and connect electronic circuits. These products are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation and consumer electronic industries around the world. We manage our operations by product group through our reportable operating segments, Cinch Connectivity Solutions, Power Solutions and Protection and Magnetic Solutions, in addition to a Corporate segment. All amounts included in the tables to these notes to consolidated financial statements, except per share amounts, are in thousands. Principles of Consolidation Reclassifications fourth 2019, $26.9 $29.5 December 31, 2019 2018, fourth 2019, $0.1 $2.7 December 31, 2019 2018, Use of Estimates not not may Cash Equivalents three $250,000. Allowance for Doubtful Accounts Effects of Foreign Currency not $0.1 $2.7 December 31, 2019 2018 Concentration of Credit Risk 12, We place temporary cash investments with quality financial institutions and commercial issuers of short-term paper and, by policy, limit the amount of credit exposure in any one Inventories Revenue Recognition January 1, 2018, 606 not January 1, 2018. 606 In accordance with ASC 606, Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of sales. Product Warranties one three 11, Product Returns not not may may may Goodwill and Identifiable Intangible Assets 1 2 3 Identifiable intangible assets consist primarily of patents, licenses, trademarks, trade names, customer lists and relationships, non-compete agreements and technology-based intangibles and other contractual agreements. We amortize finite lived identifiable intangible assets over the shorter of their stated or statutory duration or their estimated useful lives, ranging from 1 16 15.4% 14.1% 2019 2018 We use the acquisition method of accounting for all business combinations and do not fourth Impairment and Disposal of Long-Lived Assets For indefinite-lived intangible assets, such as trademarks and trade names, each year and whenever impairment indicators are present, we determine the fair value of the asset and record an impairment loss for the excess of book value over the fair value, if any. In addition, in all cases of an impairment review we re-evaluate whether continuing to characterize the asset as indefinite-lived is appropriate. See Note 4, Depreciation rom 2 33 3 15 Income Taxes 9, We record net deferred tax assets to the extent we believe these assets will more-likely-than- not not We establish liabilities for tax contingencies when, despite the belief that our tax return positions are fully supported, it is more likely than not may may not (Loss) Earnings per Share two two 5% two 5% no December 31, 2019 2018 The (loss) earnings and weighted average shares outstanding used in the computation of basic and diluted (loss) earnings per share are as follows: Year Ended December 31, 2019 2018 Numerator: Net (loss) earnings $ (8,743 ) $ 20,709 Less dividends declared: Class A 518 522 Class B 2,834 2,796 Undistributed (loss) earnings $ (12,095 ) $ 17,391 Undistributed (loss) earnings allocation - basic and diluted: Class A undistributed (loss) earnings $ (2,049 ) $ 2,999 Class B undistributed (loss) earnings (10,046 ) 14,392 Total undistributed (loss) earnings $ (12,095 ) $ 17,391 Net (loss) earnings allocation - basic and diluted: Class A net (loss) earnings $ (1,531 ) $ 3,521 Class B net (loss) earnings (7,212 ) 17,188 Net (loss) earnings $ (8,743 ) $ 20,709 Denominator: Weighted average shares outstanding: Class A - basic and diluted 2,167 2,175 Class B - basic and diluted 10,117 9,939 Net (loss) earnings per share: Class A - basic and diluted $ (0.71 ) $ 1.62 Class B - basic and diluted $ (0.71 ) $ 1.73 Research and Development ("R&D") December 31, 2019 2018 $26.9 $29.5 Fair Value Measurements three Level 1 Level 2 Level 3 no For financial instruments such as cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, the carrying amount approximates fair value because of the short maturities of such instruments. See Note 5, Recently Issued Accounting Standards Recently Adopted Accounting Standards In February 2016, 2016 02, Leases (Topic 842 2016 02” December 15, 2018. The Company adopted ASU 2016 02, January 1, 2019 840 840. three not 12 Adoption of the new standard resulted in the recording of right-of-use assets in the amount of $20.7 $21.0 January 1, 2019. not 16, Leases 842 2016 02. In February 2018, 2018 02, Income Statement – Reporting Comprehensive Income (Topic 220 December 22, 2017. December 15, 2018, January 1, 2019. $0.5 January 1, 2019. not In May 2018, 2018 07, Compensation – Stock Compensation (Topic 718 December 15, 2018, January 1, 2019 not In January 2017, 2017 04, Intangibles-Goodwill and Other (Topic 350 2017 04” 2017 04 2 January 1, 2017. 2017 04 July 1, 2019, Note 4 In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09" 2014 09 2014 09, 606" January 1, 2018 Upon adoption, the new revenue standards replaced most existing revenue recognition guidance in U.S. GAAP. Based on our review of representative samples of contracts and other forms of agreements with customers globally and our evaluation of the provisions under the five In connection with the modified retrospective application of the new revenue standards, we recorded an adjustment to increase retained earnings by $3.4 January 1, 2018 3, not In January 2016, 2016 01, Financial Instruments-Overall (Subtopic 825 10 December 15, 2017. January 1, 2018. not In August 2016, 2016 15, Statement of Cash Flows (Topic 230 December 31, 2018 January 1, 2018 not In October 2016, 2016 16, Income Taxes (Topic 740 December 15, 2017, January 1, 2018 not In January 2017, 2017 01, Business Combinations (Topic 805 2017 01" 2017 01 2017 01 January 1, 2018. In March 2017, 2017 07, Compensation – Retirement Benefits (Topic 715 2017 07" 2017 07 2017 07 January 1, 2018 13 10 December 31, 2018 December 31, 2018 not In May 2017, 2017 09, Compensation – Stock Compensation (Topic 718 2017 09" 718. December 15, 2017. 2017 09 January 1, 2018, Accounting Standards Issued But Not In June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13” December 15, 2022, 2016 13, not In August 2018, 2018 13, Fair Value Measurement (Topic 820 December 15, 2019. not In August 2018, 2018 14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715 20 2018 14" not December 15, 2020. 2018 14 In August 2018, 2018 15, Intangibles – Goodwill and Other-Internal-Use Software (Subtopic 350 40 December 15, 2019, In December 2019, 2019 12, Simplifying the Accounting for Income Taxes ("ASU 2019 12" 740 2019 12 December 15, 2021. 2019 12, not |