XML 51 R37.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Stockholders' Equity [Abstract]  
Dividends Declared [Table Text Block]
In 2014, the Company's Board of Directors approved the initiation of a quarterly cash dividend program. Cash dividends were paid quarterly in 2016 and 2015 as follows:

Record date
Payment date
 
Amount (per share)
 
Record date
Payment date
 
Amount (per share)
 
March 11, 2016
March 29, 2016
 
$
0.0625
 
March 12, 2015
March 25, 2015
 
$
0.0600
 
June 15, 2016
June 29, 2016
 
$
0.0625
 
June 11, 2015
June 25, 2015
 
$
0.0600
 
September 15, 2016
September 29, 2016
 
$
0.0625
 
September 2, 2015
September 24, 2015
 
$
0.0600
 
December 8, 2016
December 22, 2016
 
$
0.0625
 
December 3, 2015
December 22, 2015
 
$
0.0600
 

Shares of common stock reserved for future issuance
At December 31, 2016, the Company had reserved shares of common stock for future issuance as follows:

Restricted stock units outstanding
  
1,004,000
 
Phantom stock units outstanding
  
145,000
 
Common stock options outstanding
  
77,000
 
2007 Stock Incentive Program - available to grant
  
3,474,000
 
Convertible senior debentures, due 2040*
  
23,585,258
 
Convertible senior debentures, due 2041*
  
9,470,490
 
Convertible senior debentures, due 2042*
  
15,350,865
 
Conversion of Class B common stock
  
12,129,227
 
 
  
65,235,840
 
___________________
*At December 31, 2016, the convertible senior debentures due 2040, due 2041, and due 2042 are convertible into 20,931,983, 8,331,840, and 13,424,175 shares, respectively, of Vishay common stock.  The Company has reserved adequate shares to ensure it could issue the maximum amount of shares to be delivered upon a make-whole fundamental change as defined in the indentures governing the debentures.