Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Computation of Basic and Diluted Earnings per Share

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,
	2019		2018		2017

Numerator:
Net earnings (loss) attributable to Vishay stockholders	$	163,936	$	345,758	$	(20,344	)

Denominator:
Denominator for basic earnings (loss) per share:
Weighted average shares		144,427		144,202		145,478
Outstanding phantom stock units		181		168		155
Adjusted weighted average shares - basic		144,608		144,370		145,633

Effect of dilutive securities:
Convertible debt instruments		100		9,707		-
Restricted stock units		428		545		-
Dilutive potential common shares		528		10,252		-

Denominator for diluted earnings (loss) per share:
Adjusted weighted average shares - diluted		145,136		154,622		145,633


Basic earnings (loss) per share attributable to Vishay stockholders	$	1.13	$	2.39	$	(0.14	)

Diluted earnings (loss) per share attributable to Vishay stockholders	$	1.13	$	2.24	$	(0.14	)

Weighted Average Potential Common Shares that Would have an Antidilutive Effect or have Unsatisfied Performance Conditions

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,
	2019		2018		2017

Convertible debt instruments:
Convertible Senior Debentures, due 2040		-		-		21,184
Convertible Senior Debentures, due 2041		301		-		8,432
Convertible Senior Debentures, due 2042		-		-		13,586
Convertible Senior Notes, due 2025		19,063		10,468		-
Weighted average employee stock options		-		-		26
Weighted average other		315		266		981