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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of recognized stock-based compensation expense | The following table summarizes share-based compensation expense recognized:
|  | Years ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Stock options |  | $ | 73 |  |  | $ | (83 | ) |  | $ | 619 |
Restricted stock units |  |  | 3,378 |  |  |  | 6,693 |  |  |  | 1,849 |
Phantom stock units |  |  | 93 |  |  |  | 222 |  |  |  | 175 |
Total |  | $ | 3,544 |  |  | $ | 6,832 |  |  | $ | 2,643 |
Schedule of unrecognized compensation cost, nonvested awards | The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at December 31, 2012 (amortization periods in years):
|  | Unrecognized Compensation Cost |  |  |  |
|  | Weighted Average Remaining Amortization Periods |
Stock options |  | $ | 18 |  |  |  | 0.4 |
Restricted stock units |  |  | 6,321 |  |  |  | 1.1 |
Phantom stock units |  |  | - |  |  |  | 0.0 |
Total |  | $ | 6,339 |  |  |  |  |
Schedule of share based compensation, stock options, activity | The following table summarizes the Company's stock option activity (number of options in thousands):
|  | Years ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  |  |  |  | Weighted Average Exercise Price |  |  |  |  |  | Weighted Average Exercise Price |  |  |  |  |  | Weighted Average Exercise Price |
|  | Number of Options |  |  | Number of Options |  |  | Number of Options |
Outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of year |  |  | 384 |  |  | $ | 15.40 |  |  |  | 1,254 |  |  | $ | 15.04 |  |  |  | 2,728 |  |  | $ | 19.84 |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | (22 | ) |  |  | 7.89 |  |  |  | (651 | ) |  |  | 14.87 |  |  |  | - |  |  |  | - |
Cancelled or forfeited |  |  | (253 | ) |  |  | 16.12 |  |  |  | (219 | ) |  |  | 14.92 |  |  |  | (1,733 | ) |  |  | 20.35 |
Adjustment due to VPG spin-off* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 259 |  |  |  | - |
End of year* |  |  | 109 |  |  | $ | 15.24 |  |  |  | 384 |  |  | $ | 15.40 |  |  |  | 1,254 |  |  | $ | 15.04 |
Vested and expected to vest* |  |  | 109 |  |  |  |  |  |  |  | 384 |  |  |  |  |  |  |  | 1,254 |  |  |  |  |
Exercisable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
End of year* |  |  | 79 |  |  |  |  |  |  |  | 323 |  |  |  |  |  |  |  | 1,001 |  |  |  |  |
* The weighted average exercise price of the stock options included in the line item "Adjustment due to VPG spin-off" is equal to the weighted average exercise price of such stock options prior to the spin-off, as reduced by the spin-off adjustment. The weighted average exercise price of stock options outstanding, vested and expected to vest, and exercisable as of December 31, 2010 also reflects the decrease in the exercise price as a result of the spin-off adjustment.
Stock options outstanding and exercisable summarized by ranges of exercise prices | The following table summarizes information concerning stock options outstanding and exercisable at December 31, 2012 (number of options in thousands, contractual life in years):
|  |  | Options Outstanding |  |  | Options Exercisable |
|  |  |  |  |  | Weighted Average Remaining Contractual Life |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Weighted Average Exercise Price |  |  |  |  |  | Weighted Average Exercise Price |
|  |  | Number of Options |  |  | Number of Options |
Exercise Price |
$ | 11.54 - $12.90 |  |  |  | 32 |  |  |  | 3.85 |  |  | $ | 12.73 |  |  |  | 27 |  |  | $ | 12.70 |
$ | 16.29 |  |  |  | 77 |  |  |  | 4.39 |  |  |  | 16.29 |  |  |  | 52 |  |  |  | 16.29 |
Total |  |  |  | 109 |  |  |  | 4.23 |  |  | $ | 15.24 |  |  |  | 79 |  |  | $ | 15.06 |
Unvested stock options | The following table summarizes information concerning unvested stock options (number of options in thousands):
|  | Years ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  |  |  |  | Weighted Average Grant-date Fair Value |  |  |  |  |  | Weighted Average Grant-date Fair Value |  |  |  |  |  | Weighted Average Grant-date Fair Value |
|  | Number of Options |  |  | Number of Options |  |  | Number of Options |
Unvested: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of year |  |  | 61 |  |  | $ | 9.96 |  |  |  | 253 |  |  | $ | 9.33 |  |  |  | 328 |  |  | $ | 9.93 |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Vested |  |  | (31 | ) |  |  | 9.79 |  |  |  | (192 | ) |  |  | 9.13 |  |  |  | (81 | ) |  |  | 9.24 |
Forfeited |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (19 | ) |  |  | 7.95 |
Adjustment due to VPG spin-off* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 25 |  |  |  | - |
End of year* |  |  | 30 |  |  | $ | 10.14 |  |  |  | 61 |  |  | $ | 9.96 |  |  |  | 253 |  |  | $ | 9.33 |
___________ * The weighted average grant date fair value of the stock options included in the line item "Adjustment due to VPG spin-off" is equal to the weighted average grant date fair value of such stock options prior to the spin-off, as reduced by the spin-off adjustment. The weighted average grant date fair value of stock options outstanding as of December 31, 2010 also reflects the decrease in the grant date fair value as a result of the spin-off adjustment.
Restricted Stock Units Activity | As a consequence of the spin-off of VPG on July 6, 2010, approximately 60,000 make-up RSUs were granted to reflect the loss of value to the unit holders due to the decrease in the trading price of Vishay's common stock as result of the spin-off. Additionally, approximately 5,000 RSUs that were held by VPG employees expired. RSU activity for the years ended December 31, 2012, 2011, and 2010 is presented below (number of RSUs in thousands):
|  | Years ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  |  |  |  | Weighted Average Grant-date Fair Value |  |  |  |  |  | Weighted Average Grant-date Fair Value |  |  |  |  |  | Weighted Average Grant-date Fair Value |
|  | Number of RSUs |  |  | Number of RSUs |  |  | Number of RSUs |
Outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of year |  |  | 891 |  |  | $ | 12.58 |  |  |  | 634 |  |  | $ | 9.61 |  |  |  | 155 |  |  | $ | 9.14 |
Granted |  |  | 437 |  |  |  | 12.31 |  |  |  | 423 |  |  |  | 16.57 |  |  |  | 509 |  |  |  | 10.87 |
Vested |  |  | (12 | ) |  |  | 8.29 |  |  |  | (154 | ) |  |  | 11.25 |  |  |  | (76 | ) |  |  | 9.68 |
Cancelled or forfeited |  |  | - |  |  |  | - |  |  |  | (12 | ) |  |  | 13.26 |  |  |  | (14 | ) |  |  | 8.83 |
Adjustment due to VPG spin-off* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 60 |  |  |  | - |
End of year* |  |  | 1,316 |  |  | $ | 12.53 |  |  |  | 891 |  |  | $ | 12.58 |  |  |  | 634 |  |  | $ | 9.61 |
* The weighted average grant date fair value per unit included in the line item "Adjustment due to VPG spin-off" is equal to the weighted average grant date fair value per unit of such RSUs prior to the spin-off, as reduced by the spin-off adjustment. The weighted average grant date fair value per unit of RSUs outstanding as of December 31, 2010 also reflects the decrease in the grant date fair value as a result of the spin-off adjustment.
Schedule of share-based compensation arrangement by share-based payment award, performance-based units, vested and expected to vest | The Company recognizes compensation cost for RSUs that are expected to vest. The performance vesting criteria of the RSUs granted in the year ended December 31, 2010 that contain performance-based vesting criteria have been adjusted by 10% to reflect the absence of VPG within Vishay's consolidated results. The Company expects the performance-based vesting criteria for the outstanding performance-based RSUs that are scheduled to vest on January 1, 2013 and 2014 to be achieved. The stock-based compensation expense recognized for 276,000 performance-based RSUs scheduled to vest on January 1, 2015 was reversed in the fourth fiscal quarter of 2012 at the time that it was determined that the performance-based vesting criteria was not expected to be achieved. RSUs with performance-based vesting criteria are expected to vest as follows (number of RSUs in thousands):
| Vesting Date |  | Number of RSUs |
| January 1, 2013 |  |  | 324 | *
| January 1, 2014 |  |  | 233 |
| January 1, 2015 |  |  | - |
* The performance vesting criteria for the performance-based RSUs with a vesting date of January 1, 2013 has been achieved.
Phantom stock units activity under the 2007 Program | In accordance with the Phantom Stock Plan, following Dr. Zandman's passing, 43,667 phantom stock units held by Dr. Zandman's estate were redeemed as common stock. As a consequence of the spin-off of VPG on July 6, 2010, approximately 15,000 make-up phantom stock units were granted to reflect the loss of value to the unit holders due to the decrease in the trading price of Vishay's common stock as result of the spin-off. Additionally, 38,667 phantom stock units held by a VPG employee were adjusted and redeemed as common stock on December 7, 2010. The following table summarizes the Company's phantom stock units activity for the years ended December 31, 2012, 2011, and 2010 (number of phantom stock units in thousands):
|  | Years ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | Number of Phantom Stock Units |  |  | Grant- date Fair Value per Unit |  |  | Number of Phantom Stock Units |  |  | Grant- date Fair Value per Unit |  |  | Number of Phantom Stock Units |  |  | Grant- date Fair Value per Unit |
Outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of year |  |  | 87 |  |  |  |  |  |  | 116 |  |  |  |  |  |  | 120 |  |  |  |
Granted |  |  | 10 |  |  | $ | 9.33 |  |  |  | 15 |  |  | $ | 14.78 |  |  |  | 20 |  |  | $ | 8.76 |
Redeemed for common stock |  |  | - |  |  |  |  |  |  |  | (44 | ) |  |  |  |  |  |  | (39 | ) |  |  |  |
Adjustment due to VPG spin-off |  |  | - |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 15 |  |  |  |  |
End of year |  |  | 97 |  |  |  |  |  |  |  | 87 |  |  |  |  |  |  |  | 116 |  |  |  |  |
Available for |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
future grants |  |  | 85 |  |  |  |  |  |  |  | 95 |  |  |  |  |  |  |  | 110 |  |  |  |  |

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