Earnings Per Share (Tables)

9 Months Ended

Oct. 01, 2016

Earnings Per Share [Abstract]

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					Nine fiscal months ended
	October 1, 2016		September 26, 2015			October 1, 2016		September 26, 2015
Numerator:
Numerator for basic earnings per share:
Net earnings attributable to VPG stockholders	$	1,051	$	(1,943	)	$	3,399	$	393
Adjustment to the numerator for net earnings:
Interest savings assuming conversion of dilutive exchangeable notes, net of tax	4		—			12		5
Numerator for diluted earnings per share:
Net earnings attributable to VPG stockholders	$	1,055	$	(1,943	)	$	3,411	$	398
Denominator:
Denominator for basic earnings per share:
Weighted average shares	13,192		13,347			13,185		13,558
Effect of dilutive securities:
Exchangeable notes	181		—			181		181
Restricted stock units	49		—			43		33
Dilutive potential common shares	230		—			224		214
Denominator for diluted earnings per share:
Adjusted weighted average shares	13,422		13,347			13,409		13,772
Basic earnings per share attributable to VPG stockholders	$	0.08	$	(0.15	)	$	0.26	$	0.03
Diluted earnings per share attributable to VPG stockholders	$	0.08	$	(0.15	)	$	0.25	$	0.03

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		Nine fiscal months ended
	October 1, 2016	September 26, 2015	October 1, 2016	September 26, 2015
Weighted average employee stock options	18	—	18	18