Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share attributable to Vishay stockholders (shares in thousands):

	Years ended December 31,
	2011		2010		2009

Numerator:
Numerator for basic earnings (loss) per share:
Net earnings (loss)	$	238,821	$	359,106	$	(57,188	)

Adjustment to the numerator for continuing operations and net earnings (loss):

Interest savings assuming conversion of dilutive convertible and exchangeable notes, net of tax		189		257		-

Numerator for diluted earnings (loss) per share:
Net earnings (loss)	$	239,010	$	359,363	$	(57,188	)

Denominator:
Denominator for basic earnings (loss) per share:
Weighted average shares		160,094		183,618		186,605

Effect of dilutive securities:
Convertible and exchangeable debt instruments		7,820		6,313		-
Employee stock options		106		10		-
Other		494		286		-
Dilutive potential common shares		8,420		6,609		-

Denominator for diluted earnings (loss) per share:
Adjusted weighted average shares		168,514		190,227		186,605


Basic earnings (loss) per share attributable to Vishay stockholders	$	1.49	$	1.96	$	(0.31	)

Diluted earnings (loss) per share attributable to Vishay stockholders	$	1.42	$	1.89	$	(0.31	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Diluted earnings per share for the years presented do not reflect the following weighted average potential common shares, as the effect would be antidilutive (in thousands):

	Years ended December 31,
	2011		2010		2009
Convertible and exchangeable notes:
Convertible Senior Debentures, due 2040		9,905		-		-
Convertible Senior Debentures, due 2041		5,026		-		-
Convertible Subordinated Notes, due 2023		-		51		87
Exchangeable Unsecured Notes, due 2102		-		-		6,176
Weighted average employee stock options		182		2,243		3,615
Weighted average warrants		8,824		8,824		8,824
Weighted average other		123		35		294