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Bel Fuse Inc./NJ – ‘10-Q’ for 6/30/20 – ‘R15’

On:  Friday, 8/7/20, at 9:48pm ET   ·   For:  6/30/20   ·   Accession #:  1437749-20-17158   ·   File #:  0-11676

Previous ‘10-Q’:  ‘10-Q’ on 5/8/20 for 3/31/20   ·   Next:  ‘10-Q’ on 11/6/20 for 9/30/20   ·   Latest:  ‘10-Q’ on 4/30/24 for 3/31/24   ·   1 Reference:  To:  Bel Fuse Inc./NJ – ‘8-K’ on 6/12/20 for 6/10/20

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/07/20  Bel Fuse Inc./NJ                  10-Q        6/30/20   69:6M                                     RDG Filings/FA

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    769K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     24K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     24K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     20K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     20K 
12: R1          Document And Entity Information                     HTML     75K 
13: R2          Condensed Consolidated Balance Sheets (Current      HTML    127K 
                Period Unaudited)                                                
14: R3          Condensed Consolidated Balance Sheets (Current      HTML     40K 
                Period Unaudited) (Parentheticals)                               
15: R4          Condensed Consolidated Statements of Operations     HTML     79K 
                (Unaudited)                                                      
16: R5          Condensed Consolidated Statements of Comprehensive  HTML     41K 
                (Loss) Income (Unaudited)                                        
17: R6          Condensed Consolidated Statements of Stockholders'  HTML    104K 
                Equity (Unaudited)                                               
18: R7          Condensed Consolidated Statements of Cash Flows     HTML    104K 
                (Unaudited)                                                      
19: R8          Note 1 - Basis of Presentation and Accounting       HTML     35K 
                Policies                                                         
20: R9          Note 2 - Acquisitions                               HTML     33K 
21: R10         Note 3 - Revenue                                    HTML    124K 
22: R11         Note 4 - Earnings Per Share                         HTML     74K 
23: R12         Note 5 - Fair Value Measurements                    HTML     30K 
24: R13         Note 6 - Inventories                                HTML     30K 
25: R14         Note 7 - Property, Plant and Equipment              HTML     35K 
26: R15         Note 8 - Accrued Expenses                           HTML     49K 
27: R16         Note 9 - Debt                                       HTML     26K 
28: R17         Note 10 - Income Taxes                              HTML     29K 
29: R18         Note 11 - Retirement Fund and Profit Sharing Plan   HTML     49K 
30: R19         Note 12 - Accumulated Other Comprehensive Loss      HTML     56K 
31: R20         Note 13 - Commitments and Contingencies             HTML     25K 
32: R21         Note 14 - Segments                                  HTML     79K 
33: R22         Significant Accounting Policies (Policies)          HTML     33K 
34: R23         Note 2 - Acquisitions (Tables)                      HTML     28K 
35: R24         Note 3 - Revenue (Tables)                           HTML    120K 
36: R25         Note 4 - Earnings Per Share (Tables)                HTML     72K 
37: R26         Note 6 - Inventories (Tables)                       HTML     30K 
38: R27         Note 7 - Property, Plant and Equipment (Tables)     HTML     32K 
39: R28         Note 8 - Accrued Expenses (Tables)                  HTML     49K 
40: R29         Note 11 - Retirement Fund and Profit Sharing Plan   HTML     43K 
                (Tables)                                                         
41: R30         Note 12 - Accumulated Other Comprehensive Loss      HTML     55K 
                (Tables)                                                         
42: R31         Note 14 - Segments (Tables)                         HTML     74K 
43: R32         Note 1 - Basis of Presentation and Accounting       HTML     31K 
                Policies (Details Textual)                                       
44: R33         Note 2 - Acquisitions (Details Textual)             HTML     39K 
45: R34         Note 2 - Acquisitions - Proforma Results (Details)  HTML     30K 
46: R35         Note 3 - Revenue (Details Textual)                  HTML     30K 
47: R36         Note 3 - Revenue - Disaggregation of Revenue by     HTML     52K 
                Product Group and Sales Channel (Details)                        
48: R37         Note 3 - Revenue - Contract Assets and Contract     HTML     23K 
                Liabilities (Details)                                            
49: R38         Note 4 - Earnings Per Share - Basic and Diluted     HTML     43K 
                Net Earnings Per Common Share (Details)                          
50: R39         Note 5 - Fair Value Measurements (Details Textual)  HTML     36K 
51: R40         Note 6 - Inventories - Components of Inventories    HTML     28K 
                (Details)                                                        
52: R41         Note 7 - Property, Plant and Equipment (Details     HTML     20K 
                Textual)                                                         
53: R42         Note 7 - Property, Plant and Equipment - Property,  HTML     33K 
                Plant and Equipment (Details)                                    
54: R43         Note 8 - Accrued Expenses - Accrued Expenses        HTML     33K 
                (Details)                                                        
55: R44         Note 8 - Accrued Expenses - Activity and Liability  HTML     31K 
                Balances Related to Restructuring Costs (Details)                
56: R45         Note 9 - Debt (Details Textual)                     HTML     43K 
57: R46         Note 10 - Income Taxes (Details Textual)            HTML     29K 
58: R47         Note 11 - Retirement Fund and Profit Sharing Plan   HTML     31K 
                (Details Textual)                                                
59: R48         Note 11 - Retirement Fund and Profit Sharing Plan   HTML     32K 
                - Components of SERP Expense (Details)                           
60: R49         Note 11 - Retirement Fund and Profit Sharing Plan   HTML     27K 
                - Amounts Recognized in Accumulated Other                        
                Comprehensive Loss (Details)                                     
61: R50         Note 12 - Accumulated Other Comprehensive Loss -    HTML     31K 
                Accumulated Other Comprehensive Loss (Details)                   
62: R51         Note 12 - Accumulated Other Comprehensive Loss -    HTML     47K 
                Changes in Accumulated Other Comprehensive Loss by               
                Component (Details)                                              
63: R52         Note 13 - Commitments and Contingencies (Details    HTML     22K 
                Textual)                                                         
64: R53         Note 14 - Segments (Details Textual)                HTML     24K 
65: R54         Note 14 - Segments - Segments (Details)             HTML     40K 
67: XML         IDEA XML File -- Filing Summary                      XML    124K 
11: XML         XBRL Instance -- belfb20200630_10q_htm               XML   1.74M 
66: EXCEL       IDEA Workbook of Financial Reports                  XLSX     65K 
 7: EX-101.CAL  XBRL Calculations -- belfa-20200630_cal              XML    124K 
 8: EX-101.DEF  XBRL Definitions -- belfa-20200630_def               XML    884K 
 9: EX-101.LAB  XBRL Labels -- belfa-20200630_lab                    XML    677K 
10: EX-101.PRE  XBRL Presentations -- belfa-20200630_pre             XML    917K 
 6: EX-101.SCH  XBRL Schema -- belfa-20200630                        XSD    138K 
68: JSON        XBRL Instance as JSON Data -- MetaLinks              303±   450K 
69: ZIP         XBRL Zipped Folder -- 0001437749-20-017158-xbrl      Zip    140K 


‘R15’   —   Note 8 – Accrued Expenses


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.20.2
Note 8 - Accrued Expenses
6 Months Ended
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

8.

ACCRUED EXPENSES

 

Accrued expenses consist of the following:

 

   

June 30,

   

December 31,

 
   

2020

   

2019

 

Sales commissions

  $ 2,685     $ 2,542  

Subcontracting labor

    1,115       990  

Salaries, bonuses and related benefits

    15,301       14,715  

Warranty accrual

    1,368       1,576  

Other

    7,933       7,095  
    $ 28,402     $ 26,918  

 

The change in warranty accrual during the six months ended June 30, 2020 primarily related to repair costs incurred and adjustments to pre-existing warranties.  There were no new material warranty charges incurred during the six months ended June 30, 2020.

 

Restructuring Activities

 

Included within other accrued expenses in the table above are costs accrued related to the Company’s restructuring activities.  Activity and liability balances related to restructuring costs for the six months ended June 30, 2020 are as follows:

 

           

Six Months Ended

         
           

June 30, 2020

         
   

Liability at

           

Cash Payments

   

Liability at

 
   

December 31,

   

New

   

and Other

   

June 30,

 
   

2019

   

Charges

   

Settlements

   

2020

 

Severance costs

  $ -     $ 216     $ (216 )   $ -  

Other restructuring costs

    44       (44 )     -       -  

Total

  $ 44     $ 172     $ (216 )   $ -  

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
12/31/2010-K,  SD
Filed on:8/7/20
For Period end:6/30/20
6/30/1910-Q
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/12/20  Bel Fuse Inc./NJ                  8-K:5,9     6/10/20    2:183K                                   RDG Filings/FA
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Filing Submission 0001437749-20-017158   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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