Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020		2019		2018

Numerator:
Net earnings attributable to Vishay stockholders	$	122,923	$	163,936	$	345,758

Denominator:
Denominator for basic earnings per share:
Weighted average shares		144,641		144,427		144,202
Outstanding phantom stock units		195		181		168
Adjusted weighted average shares - basic		144,836		144,608		144,370

Effect of dilutive securities:
Convertible debt instruments		30		100		9,707
Restricted stock units		362		428		545
Dilutive potential common shares		392		528		10,252

Denominator for diluted earnings per share:
Adjusted weighted average shares - diluted		145,228		145,136		154,622


Basic earnings per share attributable to Vishay stockholders	$	0.85	$	1.13	$	2.39

Diluted earnings per share attributable to Vishay stockholders	$	0.85	$	1.13	$	2.24

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,
	2020		2019		2018

Convertible debt instruments:
Convertible Senior Debentures, due 2041		100		301		-
Convertible Senior Notes, due 2025		17,062		19,063		10,468
Weighted average other		341		315		266