Subsequent Events
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12 Months Ended |
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Dec. 31, 2014
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Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events Executive RSU grant On January 20, 2015, VPG’s three executive officers were granted annual equity awards in the form of RSUs, of which 75% are performance-based. The awards have an aggregate target grant-date fair value of $1.0 million and were comprised of 59,325 RSUs, as determined using the average of the closing stock prices of the Company's common stock for the last 5 trading days immediately preceding January 1, 2015. Twenty-five percent of these awards will vest on January 1, 2018, subject to the executives continued employment. The performance-based portion of the RSUs will also vest on January 1, 2018, subject to the executives continued employment and the satisfaction of certain performance objectives relating to three-year cumulative “free cash” and net earnings goals. Purchase of Treasury Stock In accordance with its stock repurchase plan, the Company has repurchased an additional 42,926 shares of its common stock from January 1, 2015 through March 11, 2015. |