Earnings Per Share (Tables)

9 Months Ended

Sep. 27, 2014

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):

	Fiscal quarters ended				Nine fiscal months ended
	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013

Numerator:
Numerator for basic earnings per share:
Net earnings	$	26,971	$	32,719	$	88,423	$	92,959

Adjustment to the numerator for continuing operations and net earnings:
Interest savings assuming conversion of dilutive convertible and exchangeable notes, net of tax		14		33		44		124

Numerator for diluted earnings per share:
Net earnings	$	26,985	$	32,752	$	88,467	$	93,083

Denominator:
Denominator for basic earnings per share:
Weighted average shares		147,451		144,937		147,447		144,012
Outstanding phantom stock units		118		107		118		107
Adjusted weighted average shares		147,569		145,044		147,565		144,119

Effect of dilutive securities:
Convertible and exchangeable debt instruments		7,702		6,560		6,332		7,045
Restricted stock units		267		279		237		301
Other		8		7		8		6
Dilutive potential common shares		7,977		6,846		6,577		7,352

Denominator for diluted earnings per share:
Adjusted weighted average shares		155,546		151,890		154,142		151,471

Basic earnings per share attributable to Vishay stockholders	$	0.18	$	0.23	$	0.60	$	0.65

Diluted earnings per share attributable to Vishay stockholders	$	0.17	$	0.22	$	0.57	$	0.61

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Diluted earnings per share for the periods presented do not reflect the following weighted average potential common shares that would have an antidilutive effect or have unsatisfied performance conditions (in thousands):

	Fiscal quarters ended				Nine fiscal months ended
	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
Convertible and exchangeable notes:
Convertible Senior Debentures, due 2040		-		19,809		-		19,809
Convertible Senior Debentures, due 2041		7,925		7,885		7,927		7,885
Weighted average employee stock options		77		77		77		87
Weighted average other		154		285		143		370