XML 29 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Stockholders' Equity | 12 Months Ended
--- | ---
Dec. 31, 2017
Stockholders' Equity [Abstract] |
Stockholders' Equity | Note 7 – Stockholders' Equity The Company's Class B common stock carries 10 votes per share while the common stock carries 1 vote per share. Class B shares are transferable only to certain permitted transferees while the common stock is freely transferable. Class B shares are convertible on a one-for-one basis at any time into shares of common stock. Transfers of Class B shares other than to permitted transferees result in the automatic conversion of the Class B shares into common stock. The Board of Directors may only declare dividends or other distributions with respect to the common stock or the Class B common stock if it grants such dividends or distributions in the same amount per share with respect to the other class of stock. Stock dividends or distributions on any class of stock are payable only in shares of stock of that class. Shares of either common stock or Class B common stock cannot be split, divided, or combined unless the other is also split, divided, or combined equally. In 2014, the Company's Board of Directors approved the initiation of a quarterly cash dividend program. Cash dividends were paid quarterly in 2017 and 2016 as follows:
Record date | Payment date |  | Amount (per share) |  | Record date | Payment date |  | Amount (per share) |
March 14, 2017 | March 29, 2017 |  | $ | 0.0625 |  | March 11, 2016 | March 29, 2016 |  | $ | 0.0625 |
June 15, 2017 | June 29, 2017 |  | $ | 0.0625 |  | June 15, 2016 | June 29, 2016 |  | $ | 0.0625 |
September 15, 2017 | September 28, 2017 |  | $ | 0.0625 |  | September 15, 2016 | September 29, 2016 |  | $ | 0.0625 |
December 7, 2017 | December 21, 2017 |  | $ | 0.0675 |  | December 8, 2016 | December 22, 2016 |  | $ | 0.0625 |
The Amended and Restated Credit Facility allows an unlimited amount of defined "Restricted Payments," which include cash dividends and share repurchases, provided the Company's pro forma leverage ratio is less than 2.25 to 1. If the Company's leverage ratio is greater than 2.25 to 1, the Amended and Restated Credit Facility allows such payments up to $75,000 per annum (subject to a cap of $225,000 for the term of the facility). The amount and timing of any future stock repurchases or cash dividends remains subject to authorization of the Company's Board of Directors. At December 31, 2017, the Company had reserved shares of common stock for future issuance as follows:
Restricted stock units outstanding |  |  | 986,000 |
Phantom stock units outstanding |  |  | 157,000 |
2007 Stock Incentive Program - available to grant |  |  | 3,158,000 |
Convertible senior debentures, due 2040* |  |  | 24,185,258 |
Convertible senior debentures, due 2041* |  |  | 9,670,490 |
Convertible senior debentures, due 2042* |  |  | 15,550,865 |
Conversion of Class B common stock |  |  | 12,129,227 |
|  |  | 65,836,840 |
___________________ *At December 31, 2017, the convertible senior debentures due 2040, due 2041, and due 2042 are convertible into 21,232,338, 8,451,405, and 13,616,805 shares, respectively, of Vishay common stock. The Company has reserved adequate shares to ensure it could issue the maximum amount of shares to be delivered upon a make-whole fundamental change as defined in the indentures governing the debentures.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration