XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.24.2

Note 9 - Accrued Expenses | 6 Months Ended
--- | ---
Jun. 30, 2024
Notes to Financial Statements |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] |
9. | ACCRUED EXPENSES
Accrued expenses consist of the following:
|  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Salaries, bonuses and related benefits |  | $ | 22,370 |  |  | $ | 33,566 |
Deferred revenue |  |  | 2,320 |  |  |  | 3,046 |
Accrued restructuring costs |  |  | 4,054 |  |  |  | 5,498 |
Sales commissions |  |  | 2,377 |  |  |  | 2,347 |
Warranty accrual |  |  | 1,659 |  |  |  | 1,542 |
Other |  |  | 6,136 |  |  |  | 8,658 |
|  | $ | 38,916 |  |  | $ | 54,657 |
The change in warranty accrual during the six months ended June 30, 2024 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, 2024. Restructuring Activities: Activity and liability balances related to restructuring costs for the six months ended June 30, 2024 are as follows:
|  |  |  |  |  | Six Months Ended |  |  |  |  |
|  |  |  |  |  | June 30, 2024 |  |  |  |  |
|  | Liability at |  |  |  |  |  |  | Cash Payments |  |  | Liability at |
|  | December 31, |  |  | New |  |  | and Other |  |  | June 30, |
|  | 2023 |  |  | Charges |  |  | Settlements |  |  | 2024 |
Severance costs |  | $ | 1,551 |  |  | $ | 703 |  |  | $ | (2,045 | ) |  | $ | 209 |
Other restructuring costs |  |  | 3,947 |  |  |  | - |  |  |  | (102 | ) |  |  | 3,845 |
Total |  | $ | 5,498 |  |  | $ | 703 |  |  | $ | (2,147 | ) |  | $ | 4,054 |
The new charges and ending liability balance noted above for severance costs largely relate to an initiative within our Connectivity segment related to the transition of certain manufacturing from our Glen Rock, Pennsylvania facility to other existing Bel sites. The balances in other restructuring costs in the table above as of December 31, 2023 and June 30, 2024 largely related to remaining liabilities associated with the Company's facility consolidation project in the PRC whereby two of our Magnetic Solutions manufacturing sites were consolidated into a single new site.

X
- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483384/720-30-45-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration