Earnings Per Share (Tables)

3 Months Ended

Apr. 02, 2016

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
	April 2, 2016		April 4, 2015

Numerator:
Numerator for basic earnings per share:
Net earnings attributable to Vishay stockholders	$	28,014	$	30,699

Interest savings assuming conversion of dilutive convertible and exchangeable notes, net of tax		38		16

Numerator for diluted earnings per share:
Net earnings attributable to Vishay stockholders - diluted	$	28,052	$	30,715

Denominator:
Denominator for basic earnings per share:
Weighted average shares		147,691		147,569
Outstanding phantom stock units		142		129
Adjusted weighted average shares - basic		147,833		147,698

Effect of dilutive securities:
Convertible and exchangeable debt instruments		2,626		4,778
Restricted stock units		169		184
Other		-		6
Dilutive potential common shares		2,795		4,968

Denominator for diluted earnings per share:
Adjusted weighted average shares - diluted		150,628		152,666

Basic earnings per share attributable to Vishay stockholders	$	0.19	$	0.21

Diluted earnings per share attributable to Vishay stockholders	$	0.19	$	0.20

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
	April 2, 2016		April 4, 2015
Convertible and exchangeable notes:
Convertible Senior Debentures, due 2040		20,574		-
Convertible Senior Debentures, due 2041		8,189		8,024
Weighted average employee stock options		105		77
Weighted average other		610		620

In periods in which they are dilutive, if the potential common shares related to the exchangeable notes are included in the computation, the related interest savings, net of tax, assuming conversion/exchange is added to the net earnings used to compute earnings per share.