XML 34 R16.htm IDEA: XBRL DOCUMENT
v3.19.3

STOCKHOLDERS' EQUITY | 9 Months Ended
--- | ---
Sep. 30, 2019
Equity [Abstract] |
Stockholders' Equity [Text Block] | STOCKHOLDERS’ EQUITY: Common Stock Shares Outstanding
| Three Months Ended |  | Nine Months Ended
(In thousands) | September 30, 2019 |  | September 30, 2018 |  | September 30, 2019 |  | September 30, 2018
Beginning balance | 29,330 |  |  | 29,421 |  |  | 28,889 |  |  | 29,782 |
Common stock issued under employee stock plans | 89 |  |  | 59 |  |  | 651 |  |  | 630 |
Repurchased | — |  |  | (152 | ) |  | (121 | ) |  | (1,084 | )
Ending balance | 29,419 |  |  | 29,328 |  |  | 29,419 |  |  | 29,328 |
Common Stock Repurchases As of December 31, 2018, the Company had approximately $51.2 million remaining under its stock-repurchase program. In the nine months ended September 30, 2019, the Company repurchased approximately 121,000 shares of its common stock for approximately $7.3 million. As of September 30, 2019, the Company had approximately $43.9 million remaining under its current repurchase program, which has no expiration date. Authorization of future repurchase programs is at the discretion of the board of directors and will depend on the Company’s financial condition, results of operations, capital requirements, business conditions and other factors. Cash Dividends In January 2019, the Company’s board of directors declared four quarterly cash dividends in the amount of $0.17 per share to be paid to stockholders of record at the end of each quarter in 2019. In October 2019, the Company’s board of directors raised the cash dividends per share with the declaration of five cash dividends, consisting of (a) a dividend in the amount of $0.02 per share to be paid to stockholders of record at the end of the fourth quarter in 2019, which is in addition to the dividend in the amount of $0.17 per share to be paid to stockholders of record at the end of the fourth quarter in 2019 previously declared by the board in January 2019, and (b) a dividend in the amount of $0.19 per share to be paid to stockholders of record at the end of each quarter in 2020. For the three and nine months ended September 30, 2019, and 2018, cash dividends declared and paid were as follows:
| Three Months Ended |  | Nine Months Ended
(In thousands, except per share amounts) | September 30, 2019 |  | September 30, 2018 |  | September 30, 2019 |  | September 30, 2018
Dividends declared and paid | $ | 4,999 |  |  | $ | 4,692 |  |  | $ | 14,916 |  |  | $ | 14,172 |
Dividends declared per common share | $ | 0.17 |  |  | $ | 0.16 |  |  | $ | 0.51 |  |  | $ | 0.48 |

X
- Definition Common Stock Repurchase and Cash Dividends [Text Block] + References No definition available. + Details
Name: | powi_StockholdersEquityTextBlock
Namespace Prefix: | powi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration