Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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):

	Years ended December 31,
	2014		2013		2012

Numerator:
Numerator for basic earnings per share:
Net earnings	$	117,629	$	122,980	$	122,738

Adjustment to the numerator for continuing operations and net earnings:
Interest savings assuming conversion of dilutive convertible and exchangeable notes, net of tax		59		140		293

Numerator for diluted earnings per share:
Net earnings	$	117,688	$	123,120	$	123,031

Denominator:
Denominator for basic earnings per share:
Weighted average shares		147,448		144,856		149,020
Outstanding phantom stock units		119		107		97
Adjusted weighted average shares		147,567		144,963		149,117

Effect of dilutive securities:
Convertible and exchangeable debt instruments		5,890		6,130		6,176
Restricted stock units		252		320		549
Other		7		4		2
Dilutive potential common shares		6,149		6,454		6,727

Denominator for diluted earnings per share:
Adjusted weighted average shares		153,716		151,417		155,844


Basic earnings per share attributable to Vishay stockholders	$	0.80	$	0.85	$	0.82

Diluted earnings per share attributable to Vishay stockholders	$	0.77	$	0.81	$	0.79

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Note 16 – Earnings Per Share (continued)

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,
	2014		2013		2012

Convertible and exchangeable notes:
Convertible Senior Debentures, due 2040		-		19,809		19,809
Convertible Senior Debentures, due 2041		7,944		7,885		7,885
Convertible Senior Debentures, due 2042		-		-		7,434
Weighted average employee stock options		77		91		177
Weighted average warrants		-		-		8,390
Weighted average other		135		385		282