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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 88,562 $ 84,335
Accounts receivable, net of allowances for credit losses of $709 and $741, respectively 60,068 58,265
Inventories:    
Raw materials 31,852 25,464
Work in process 26,401 23,851
Finished goods 26,407 27,112
Inventories 84,660 76,427
Prepaid expenses and other current assets 18,516 15,916
Total current assets 251,806 234,943
Property and equipment:    
Land 4,117 4,241
Buildings and improvements 71,613 68,778
Machinery and equipment 125,301 122,202
Software 9,539 8,871
Construction in progress 10,075 7,747
Accumulated depreciation (133,518) (130,619)
Property and equipment, net 87,127 81,220
Goodwill 45,544 45,830
Intangible assets, net 48,217 52,437
Operating lease right-of-use assets 24,342 27,764
Other assets 19,706 19,695
Total assets 476,742 461,889
Current liabilities:    
Trade accounts payable 13,792 14,876
Payroll and related expenses 21,966 23,772
Other accrued expenses 20,306 17,596
Income taxes 4,064 3,774
Current portion of operating lease liabilities 4,208 4,610
Total current liabilities 64,336 64,628
Long-term debt 60,799 60,714
Deferred income taxes 4,212 5,848
Operating lease liabilities 20,043 25,140
Other liabilities 13,053 16,264
Accrued pension and other postretirement costs 7,777 12,253
Total liabilities 170,220 184,847
Commitments and contingencies
Equity:    
Preferred stock, par value $1.00 per share: authorized - 1,000,000 shares; none issued
Treasury stock, at cost - 704,880 shares held at December 31, 2022 and 619,667 shares held at December 31, 2021 (11,504) (8,765)
Capital in excess of par value 201,164 199,151
Retained earnings 156,359 120,296
Accumulated other comprehensive loss (40,900) (35,008)
Total Vishay Precision Group, Inc. stockholders' equity 306,547 277,099
Noncontrolling interests (25) (57)
Total equity 306,522 277,042
Total liabilities and equity 476,742 461,889
Common Stock    
Equity:    
Common stock 1,325 1,322
Class B Convertible Common Stock    
Equity:    
Common stock $ 103 $ 103