XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.23.3

STOCKHOLDERS' EQUITY | 9 Months Ended
--- | ---
Sep. 30, 2023
STOCKHOLDERS' EQUITY |
STOCKHOLDERS' EQUITY | 8. STOCKHOLDERS’ EQUITY: Common Stock Shares Outstanding ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(In thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance | ​ | ​ | 57,351 | ​ | ​ | 57,134 | ​ | ​ | 56,961 | ​ | ​ | 59,913
Common stock issued under employee stock plans | ​ |  | 59 | ​ |  | 61 | ​ |  | 529 | ​ |  | 785
Repurchased | ​ |  | (24) | ​ |  | — | ​ |  | (104) | ​ |  | (3,503)
Ending balance | ​ | ​ | 57,386 | ​ | ​ | 57,195 | ​ | ​ | 57,386 | ​ | ​ | 57,195
​ 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 nine months ended September 30, 2023 the Company purchased approximately 24,000 shares for $1.8 million and approximately 104,000 shares for $7.8 million, respectively, leaving $73.4 million remaining on the repurchase authorization as of September 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. In October 2023, the Company’s board of directors raised the quarterly cash dividend again with the declaration of five cash dividends of $0.20 per share to be paid to stockholders of record at the end of the fourth quarter in 2023 (in lieu of the $0.19 per share announced in February 2023) and at the end of each quarter in 2024. For the three and nine months ended September 30, 2023 and 2022, cash dividends declared and paid were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(In thousands, except per share amounts) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Dividends declared and paid | ​ | $ | 10,904 | ​ | $ | 10,293 | ​ | $ | 32,665 | ​ | $ | 31,229
Dividends declared per common share | ​ | $ | 0.19 | ​ | $ | 0.18 | ​ | $ | 0.57 | ​ | $ | 0.54
​

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