XML 56 R35.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Long-Term Debt [Abstract] |
Schedule of long-term debt instruments | Long-term debt consists of the following:
|  | December 31, 2013 |  |  | December 31, 2012 |
Credit facility |  | $ | 114,000 |  |  | $ | 89,000 |
Exchangeable unsecured notes, due 2102 |  |  | 38,642 |  |  |  | 95,042 |
Convertible senior debentures, due 2040 |  |  | 101,846 |  |  |  | 100,166 |
Convertible senior debentures, due 2041 |  |  | 52,264 |  |  |  | 51,399 |
Convertible senior debentures, due 2042 |  |  | 58,159 |  |  |  | 57,324 |
|  |  | 364,911 |  |  |  | 392,931 |
Less current portion |  |  | - |  |  |  | - |
|  | $ | 364,911 |  |  | $ | 392,931 |
Key terms of the convertible debentures | Convertible Senior Debentures Vishay currently has three issuances of convertible senior debentures outstanding with generally congruent terms. The following table summarizes some key facts and terms regarding the three series of outstanding convertible senior debentures:
|  | Due 2040 |  |  | Due 2041 |  |  | Due 2042 |
Issuance date |  | November 9, 2010 |  |  | May 13, 2011 |  |  | May 31, 2012 |
Maturity date |  | November 15, 2040 |  |  | May 15, 2041 |  |  | June 1, 2042 |
Principal amount |  | $ | 275,000 |  |  | $ | 150,000 |  |  | $ | 150,000 |
Cash coupon rate (per annum) |  |  | 2.25 | % |  |  | 2.25 | % |  |  | 2.25 | %
Nonconvertible debt borrowing rate at issuance (per annum) |  |  | 8.00 | % |  |  | 8.375 | % |  |  | 7.50 | %
Initial conversion rate (per $1 principal amount) |  |  | 72.0331 |  |  |  | 52.5659 |  |  |  | 84.6937 |
Effective conversion price (per share) |  | $ | 13.88 |  |  | $ | 19.02 |  |  | $ | 11.81 |
130% of the conversion price (per share) |  | $ | 18.04 |  |  | $ | 24.73 |  |  | $ | 15.35 |
Call date |  | November 20, 2020 |  |  | May 20, 2021 |  |  | June 7, 2022 |
Liability and equity components of the convertible debentures | Note 6 – Long-Term Debt (continued) The carrying values of the liability and equity components of the convertible debentures are reflected in the Company's consolidated balance sheets as follows:
|  | Principal amount of the debentures |  |  | Unamortized discount |  |  | Embedded derivative |  |  | Carrying value of liability component |  |  | Equity component - net carrying value |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due 2040 |  | $ | 275,000 |  |  |  | (173,645 | ) |  |  | 491 |  |  | $ | 101,846 |  |  | $ | 110,094 |
Due 2041 |  | $ | 150,000 |  |  |  | (98,085 | ) |  |  | 349 |  |  | $ | 52,264 |  |  | $ | 62,246 |
Due 2042 |  | $ | 150,000 |  |  |  | (92,038 | ) |  |  | 197 |  |  | $ | 58,159 |  |  | $ | 57,874 |
Total |  | $ | 575,000 |  |  | $ | (363,768 | ) |  | $ | 1,037 |  |  | $ | 212,269 |  |  | $ | 230,214 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due 2040 |  | $ | 275,000 |  |  |  | (175,456 | ) |  |  | 622 |  |  | $ | 100,166 |  |  | $ | 110,094 |
Due 2041 |  | $ | 150,000 |  |  |  | (99,000 | ) |  |  | 399 |  |  | $ | 51,399 |  |  | $ | 62,246 |
Due 2042 |  | $ | 150,000 |  |  |  | (92,958 | ) |  |  | 282 |  |  | $ | 57,324 |  |  | $ | 57,874 |
Total |  | $ | 575,000 |  |  | $ | (367,414 | ) |  | $ | 1,303 |  |  | $ | 208,889 |  |  | $ | 230,214 |
Schedule of Interest Expense on Convertible Debt [Table Text Block] | Interest expense related to the debentures is reflected on the consolidated statements of operations for the years ended December 31:
|  | Contractual coupon interest |  |  | Non-cash amortization of debt discount |  |  | Non-cash amortization of deferred financing costs |  |  | Non-cash change in value of derivative liability |  |  | Total interest expense related to the debentures |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due 2040 |  | $ | 6,188 |  |  |  | 1,811 |  |  |  | 88 |  |  |  | (131 | ) |  | $ | 7,956 |
Due 2041 |  | $ | 3,375 |  |  |  | 915 |  |  |  | 47 |  |  |  | (50 | ) |  | $ | 4,287 |
Due 2042 |  | $ | 3,375 |  |  |  | 920 |  |  |  | 54 |  |  |  | (85 | ) |  | $ | 4,264 |
Total |  | $ | 12,938 |  |  | $ | 3,646 |  |  | $ | 189 |  |  | $ | (266 | ) |  | $ | 16,507 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due 2040 |  | $ | 6,188 |  |  |  | 1,675 |  |  |  | 88 |  |  |  | 28 |  |  | $ | 7,979 |
Due 2041 |  | $ | 3,375 |  |  |  | 843 |  |  |  | 45 |  |  |  | 7 |  |  | $ | 4,270 |
Due 2042 |  | $ | 1,978 |  |  |  | 510 |  |  |  | 32 |  |  |  | 46 |  |  | $ | 2,566 |
Total |  | $ | 11,541 |  |  | $ | 3,028 |  |  | $ | 165 |  |  | $ | 81 |  |  | $ | 14,815 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due 2040 |  | $ | 6,188 |  |  |  | 1,548 |  |  |  | 88 |  |  |  | 275 |  |  | $ | 8,099 |
Due 2041 |  | $ | 2,128 |  |  |  | 498 |  |  |  | 29 |  |  |  | 181 |  |  | $ | 2,836 |
Total |  | $ | 8,316 |  |  | $ | 2,046 |  |  | $ | 117 |  |  | $ | 456 |  |  | $ | 10,935 |
Aggregate annual maturities of long-term debt | Note 6 – Long-Term Debt (continued) Other Borrowings Information Aggregate annual maturities of long-term debt, based on the terms stated in the respective agreements, are as follows:
2014 |  | $ | - |
2015 |  |  | - |
2016 |  |  | - |
2017 |  |  | - |
2018 |  |  | 114,000 |
Thereafter |  |  | 613,642 |

X
- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Components of interest expense related to convertible debenture issuances reflected on the consolidated statement of operations. + References No definition available. + Details
Name: | vsh_ScheduleOfInterestExpenseOnConvertibleDebtTableTextBlock
Namespace Prefix: | vsh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration