Earnings Per Share (Tables)

6 Months Ended

Jun. 27, 2015

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share attributable to VPG stockholders (in thousands, except earnings per share):



	Fiscal quarter ended				Six fiscal months ended
	June 27, 2015		June 28, 2014 (a)		June 27, 2015 (a)		June 28, 2014 (a)
Numerator:
Numerator for basic earnings per share:
Net earnings attributable to VPG stockholders	$	1,476	$	3,578	$	2,336	$	4,753

Adjustment to the numerator for net earnings:
Interest savings assuming conversion of dilutive exchangeable notes, net of tax	2		1		3		3

Numerator for diluted earnings per share:
Net earnings attributable to VPG stockholders	$	1,478	$	3,579	$	2,339	$	4,756

Denominator:
Denominator for basic earnings per share:
Weighted average shares	13,580		13,756		13,663		13,754

Effect of dilutive securities:
Exchangeable notes	181		181		181		181
Employee stock options	—		1		—		1
Restricted stock units	29		30		31		27
Dilutive potential common shares	210		212		212		209

Denominator for diluted earnings per share:
Adjusted weighted average shares	13,790		13,968		13,875		13,963

Basic earnings per share attributable to VPG stockholders	$	0.11	$	0.26	$	0.17	$	0.35

Diluted earnings per share attributable to VPG stockholders	$	0.11	$	0.26	$	0.17	$	0.34

(a) As described in more detail in Note 1 to the consolidated condensed financial statements included herein, the prior period amounts reported above have been restated to correct certain immaterial errors within our Indian subsidiary's financial statements and for other minor adjustments.

Schedule of Antidilutive Effects

Diluted earnings per share for the periods presented do not reflect the following weighted average potential common shares, as the effect would be antidilutive (in thousands):



	Fiscal quarter ended		Six fiscal months ended
	June 27, 2015	June 28, 2014	June 27, 2015	June 28, 2014
Weighted average employee stock options	18	23	18	23