Note 16 - Subsequent Event

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Subsequent Events [Text Block]

16. SUBSEQUENT EVENT

On

November 11, 2019,

the Company entered into an Asset Purchase Agreement with CUI Global Inc. (the "Seller") to acquire the majority of the power supply products business of the Seller ("CUI Power") at an aggregate purchase price of

$32.0

million, subject to working capital adjustments.  The acquisition, which is subject to customary closing conditions, is expected to close in the

fourth

quarter of

2019

and will be funded with cash on hand, some or all of which

may

be sourced from the Company's revolving credit facility.  CUI Power designs and markets a broad portfolio of AC/DC and DC/DC power supplies and board level components.  CUI Power is headquartered in Tualatin, Oregon and had trailing-

twelve

month sales through

September 30, 2019

of approximately

$37.0

million.