XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.23.2

STOCKHOLDERS' EQUITY | 6 Months Ended
--- | ---
Jun. 30, 2023
STOCKHOLDERS' EQUITY |
STOCKHOLDERS' EQUITY | 8. STOCKHOLDERS’ EQUITY: Common Stock Shares Outstanding ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(In thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance | ​ | ​ | 57,206 | ​ | ​ | 58,778 | ​ | ​ | 56,961 | ​ | ​ | 59,913
Common stock issued under employee stock plans | ​ |  | 202 | ​ |  | 275 | ​ |  | 470 | ​ |  | 724
Repurchased | ​ |  | (57) | ​ |  | (1,919) | ​ |  | (80) | ​ |  | (3,503)
Ending balance | ​ | ​ | 57,351 | ​ | ​ | 57,134 | ​ | ​ | 57,351 | ​ | ​ | 57,134
​ Common Stock Repurchases As of December 31, 2022, the Company had $81.3 million remaining under its authorized stock-repurchase program. In the three and six months ended June 30, 2023, the Company purchased approximately 57,000 shares for $4.3 million and approximately 80,000 shares for $6.0 million, respectively, leaving $75.3 million remaining on the repurchase authorization as of June 30, 2023. Authorization of future repurchase programs is at the discretion of the Company’s board of directors and will depend on the Company’s financial condition, results of operations, capital requirements, business conditions and other factors; the program has no expiration date. Cash Dividends In January 2022, the Company’s board of directors declared dividends of $0.18 per share to be paid to stockholders of record at the end of each quarter in 2022. In February 2023, the Company’s board of directors declared dividends of $0.19 per share to be paid to stockholders of record at the end of each quarter in 2023. For the three and six months ended June 30, 2023 and 2022, cash dividends declared and paid were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(In thousands, except per share amounts) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Dividends declared and paid | ​ | $ | 10,893 | ​ | $ | 10,280 | ​ | $ | 21,761 | ​ | $ | 20,936
Dividends declared per common share | ​ | $ | 0.19 | ​ | $ | 0.18 | ​ | $ | 0.38 | ​ | $ | 0.36
​

X
- Definition Common Stock Repurchase and Cash Dividends [Text Block] + References No definition available. + Details
Name: | powi_StockholdersEquityTextBlock
Namespace Prefix: | powi_
Data Type: | dtr-types: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