Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure [Table]

PAY VERSUS PERFORMANCE

As required by the regulations of the Securities and Exchange Commission implementing Section 14(i) of the Exchange Act, disclosure relating to the relationship of our executive pay versus performance is set forth below.


Year	Summary Compensation Table Total for PEO 1		Compensation Actually Paid to PEO 2			Average Summary Compensation Table Total for Non-PEO NEOs 3		Average Compensation Actually Paid to Non-PEO NEOs 4			Value of Initial Fixed $100 Investment Based On:				Net Income (thousands) 7		EPS (diluted) 8
Year	Summary Compensation Table Total for PEO 1		Compensation Actually Paid to PEO 2					Average Compensation Actually Paid to Non-PEO NEOs 4			Total Shareholder Return 5		Peer Group Total Share- holder Return 6		Net Income (thousands) 7		EPS (diluted) 8
(a)	(b)		(c)			(d)		(e)			(f)		(g)		(h)		(i)
2022	$	657,101	$	(10,016,269	)	$	803,540	$	(189,505	)	$	115	$	123	$	25,446	$	0.57
2021	$	464,212	$	7,549,094		$	918,714	$	1,254,491		$	272	$	142	$	56,625	$	1.26
2020	$	143,495	$	18,060,019		$	578,776	$	1,183,531		$	197	$	114	$	17,910	$	0.41

1	The dollar amounts reported in column (b) are the amounts of total compensation reported for Dr. Vinciarelli (our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Summary Compensation Table for Fiscal 2022.”

The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Dr. Vinciarelli, as computed in accordance with Item 402(v) of Regulation

S-K.

The dollar amounts do not reflect the actual amount of compensation earned by or paid to Dr. Vinciarelli during the applicable year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to Dr. Vinciarelli’s total compensation for each year to determine the compensation actually paid:


Year	Reported Summary Compensation Table Total for PEO		Reported Value of Equity Awards(a)			Equity Award Adjustments(b)			Reported Change in the Actuarial Present Value of Pension Benefits		Pension Benefit Adjustments		Compensation Actually Paid to PEO
2022	$	657,101	$	(172,142	)	$	(10,501,218	)		NA		NA	$	(10,016,269	)
2021	$	464,212		—		$	7,084,882			NA		NA	$	7,549,094
2020	$	143,495		—		$	17,916,524			NA		NA	$	18,060,019

(a)	The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.

(b)

The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the

year-end

fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation

assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:


Year	Year End Fair Value of Equity Awards Granted During Applicable Year		Change in Fair Value as of Year-End of any Prior- Year Awards that remain Outstanding and Unvested as of Year-End		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		Change in Fair Value as of the Vesting Date of any Prior- Year Awards that Vested During the Year			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		Total Equity Award Adjustments
2022	$	143,261		—		—	$	(10,644,480	)		—		—	$	(10,501,218	)
2021		—	$	5,432,919		—	$	1,651,962			—		—	$	7,084,882
2020		—	$	14,085,122		—	$	3,831,402			—		—	$	17,916,524

The dollar amounts reported in column (d) represent the average of the amounts reported for the Corporation’s Named Executive Officers (“NEOs”) as a group (excluding Dr. Vinciarelli, who has served as our CEO for each of the years shown). The names of each of the NEOs (excluding Dr. Vinciarelli) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2022, James F. Schmidt, Philip D. Davies, Michael S. McNamara and Claudio Tuozzolo; (ii) for 2021, James F. Schmidt, James A. Simms, Richard J. Nagel Jr., Philip D. Davies, Michael S. McNamara and Claudio Tuozzolo; and (iii) for 2020, James A. Simms, Philip D. Davies, Michael S. McNamara and Claudio Tuozzolo.

The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Dr. Vinciarelli), as computed in accordance with Item 402(v) of

Regulation S-K.

The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Dr. Vinciarelli) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to average total compensation for the NEOs as a group (excluding Dr. Vinciarelli) for each year to determine the compensation actually paid, using the same methodology described above in footnote 2:


Year	Average Reported Summary Compensation Table Total for Non-PEO NEOs		Average Reported Value of Equity Awards			Average Equity Award Adjustments (a)			Average Reported Change in the Actuarial Present Value of Pension Benefits		Average Pension Benefit Adjustments (b)		Average Compensation Actually Paid to Non-PEO NEOs
2022	$	803,540	$	(306,693	)	$	(686,352	)		NA		NA	$	(189,505	)
2021	$	918,714	$	(411,411	)	$	747,188			NA		NA	$	1,254,491
2020	$	578,776	$	(162,259	)	$	767,014			NA		NA	$	1,183,531

(a)	The amounts deducted or added in calculating the total average equity award adjustments are as follows:


Year	Average Year End Fair Value of Equity Awards Granted During Applicable Year		Average Change in Fair Value as of Year-End of any Prior-Year Awards that remain Outstanding and Unvested as of Year-End			Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		Average Change in Fair Value as of the Vesting Date of any Prior- Year Awards that Vested during the Year			Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		Total Average Equity Award Adjustments
2022	$	266,136	$	(701,359	)		—	$	(251,128	)		—		—	$	(686,352	)
2021	$	477,342	$	196,342			—	$	73,504			—		—	$	747,188
2020	$	251,286	$	416,846			—	$	98,882			—		—	$	767,014

Cumulative Total Shareholder Return (TSR) is calculated on a $100 investment from the beginning of fiscal year 2020 by the share price appreciation calculated by dividing the difference between the Corporation’s share price at the end and the beginning of the measurement period by the Corporation’s share price at the beginning of the measurement period.

Represents the weighted peer group Cumulative TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the Standard & Poor’s MidCap 400 Index, which comprises the same issuers the Corporation uses in its Annual Report on Form

10-K

for purposes of Item 201(e)(1)(ii) of Regulation

S-K.

7	The dollar amounts reported represent the amount of net income reflected in the Corporation’s audited financial statements for the applicable year.

8	The dollar amounts reported represent the amount of diluted earnings per share (“EPS”) reflected in the Corporation’s audited financial statements for the applicable year.

Company Selected Measure Name

EPS

Named Executive Officers, Footnote [Text Block]

Peer Group Issuers, Footnote [Text Block]

10-K

for purposes of Item 201(e)(1)(ii) of Regulation

S-K.

PEO Total Compensation Amount

$ 657,101

$ 464,212

$ 143,495

PEO Actually Paid Compensation Amount

$ (10,016,269)

7,549,094

18,060,019

Adjustment To PEO Compensation, Footnote [Text Block]


Year	Reported Summary Compensation Table Total for PEO		Reported Value of Equity Awards(a)			Equity Award Adjustments(b)			Reported Change in the Actuarial Present Value of Pension Benefits		Pension Benefit Adjustments		Compensation Actually Paid to PEO
2022	$	657,101	$	(172,142	)	$	(10,501,218	)		NA		NA	$	(10,016,269	)
2021	$	464,212		—		$	7,084,882			NA		NA	$	7,549,094
2020	$	143,495		—		$	17,916,524			NA		NA	$	18,060,019


Year	Year End Fair Value of Equity Awards Granted During Applicable Year		Change in Fair Value as of Year-End of any Prior- Year Awards that remain Outstanding and Unvested as of Year-End		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		Change in Fair Value as of the Vesting Date of any Prior- Year Awards that Vested During the Year			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		Total Equity Award Adjustments
2022	$	143,261		—		—	$	(10,644,480	)		—		—	$	(10,501,218	)
2021		—	$	5,432,919		—	$	1,651,962			—		—	$	7,084,882
2020		—	$	14,085,122		—	$	3,831,402			—		—	$	17,916,524

Non-PEO NEO Average Total Compensation Amount

$ 803,540

918,714

578,776

Non-PEO NEO Average Compensation Actually Paid Amount

$ (189,505)

1,254,491

1,183,531

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]


Year	Average Reported Summary Compensation Table Total for Non-PEO NEOs		Average Reported Value of Equity Awards			Average Equity Award Adjustments (a)			Average Reported Change in the Actuarial Present Value of Pension Benefits		Average Pension Benefit Adjustments (b)		Average Compensation Actually Paid to Non-PEO NEOs
2022	$	803,540	$	(306,693	)	$	(686,352	)		NA		NA	$	(189,505	)
2021	$	918,714	$	(411,411	)	$	747,188			NA		NA	$	1,254,491
2020	$	578,776	$	(162,259	)	$	767,014			NA		NA	$	1,183,531

(a)	The amounts deducted or added in calculating the total average equity award adjustments are as follows:


Year	Average Year End Fair Value of Equity Awards Granted During Applicable Year		Average Change in Fair Value as of Year-End of any Prior-Year Awards that remain Outstanding and Unvested as of Year-End			Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		Average Change in Fair Value as of the Vesting Date of any Prior- Year Awards that Vested during the Year			Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		Total Average Equity Award Adjustments
2022	$	266,136	$	(701,359	)		—	$	(251,128	)		—		—	$	(686,352	)
2021	$	477,342	$	196,342			—	$	73,504			—		—	$	747,188
2020	$	251,286	$	416,846			—	$	98,882			—		—	$	767,014

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Compensation Actually Paid vs. Net Income [Text Block]

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Total Shareholder Return Vs Peer Group [Text Block]

Tabular List [Table Text Block]

The

following table lists diluted EPS and three additional financial performance measures that represent important performance measures for our long-term financial success and that are therefore relevant to discretionary compensation decisions through which we seek to motivate and reward superior performance.