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v3.3.1.900

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Consolidated Statements of Operations [Abstract] |  |  |
Net revenues | $ 2,300,488 | $ 2,493,282 | $ 2,370,979
Costs of products sold | 1,758,268 | 1,881,990 | 1,803,719
Gross profit | 542,220 | 611,292 | 567,260
Selling, general, and administrative expenses | 362,226 | 385,696 | 368,542
Restructuring and severance costs | 19,215 | 20,897 | 2,814
Impairment of goodwill and long-lived assets | 62,980 | 0 | 0
U.S. pension settlement charges | 0 | 15,588 | 0
Executive compensation charges (credit) | 0 | 0 | (1,778)
Operating Income | 97,799 | 189,111 | 197,682
Other income (expense): |  |  |
Interest expense | (25,685) | (24,457) | (23,130)
Other | 7,976 | 2,489 | 1,853
Loss related to Tianjin explosion | (5,350) | 0 | 0
Other income (expense), total | (23,059) | (21,968) | (21,277)
Income before taxes | 74,740 | 167,143 | 176,405
Income tax expense | 182,473 | 49,300 | 52,636
Net earnings (loss) | (107,733) | 117,843 | 123,769
Less: net earnings attributable to noncontrolling interests | 781 | 214 | 789
Net earnings (loss) attributable to Vishay stockholders | $ (108,514) | $ 117,629 | $ 122,980
Basic earnings (loss) per share attributable to Vishay stockholders: | $ (0.73) | $ 0.80 | $ 0.85
Diluted earnings (loss) per share attributable to Vishay stockholders: | $ (0.73) | $ 0.77 | $ 0.81
Weighted average shares outstanding - basic | 147,700 | 147,567 | 144,963
Weighted average shares outstanding - diluted | 147,700 | 153,716 | 151,417
Cash dividends per share | $ 0.24 | $ 0.24 | $ 0

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