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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2019
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 2019 and 2018 as follows:
Record date | Payment date |  | Amount (per share) |  | Record date | Payment date |  | Amount (per share) |
March 14, 2019 | March 28, 2019 |  | $ | 0.0850 |  | March 14, 2018 | March 29, 2018 |  | $ | 0.0675 |
June 13, 2019 | June 27, 2019 |  | $ | 0.0950 |  | June 13, 2018 | June 28, 2018 |  | $ | 0.0850 |
September 12, 2019 | September 26, 2019 |  | $ | 0.0950 |  | September 14, 2018 | September 27, 2018 |  | $ | 0.0850 |
December 12, 2019 | December 23, 2019 |  | $ | 0.0950 |  | December 6, 2018 | December 20, 2018 |  | $ | 0.0850 |
The New Credit Facility also allows an unlimited amount of defined "Restricted Payments," which include cash dividends and share repurchases, provided the Company's pro forma leverage ratio is equal to or less than 2.50 to 1.00. If the Company's pro forma leverage ratio is greater than 2.50 to 1.00, the New Credit Facility allows such payments up to $100,000 per annum (subject to a cap of $300,000 for the term of the facility, with up to $25,000 of any unused amount of the $100,000 per annum base available for use in the next succeeding calendar year). At December 31, 2019, the Company had reserved shares of common stock for future issuance as follows:
Restricted stock units outstanding |  |  | 842,000 |
Phantom stock units outstanding |  |  | 183,000 |
2007 Stock Incentive Program - available to grant |  |  | 2,580,000 |
Convertible senior debentures, due 2040* |  |  | 26,988 |
Convertible senior debentures, due 2041* |  |  | 1,108,803 |
Convertible senior notes, due 2025* |  |  | 24,410,520 |
Conversion of Class B common stock |  |  | 12,097,409 |
|  |  | 41,248,720 |
___________________ *At December 31, 2019, the convertible senior debentures due 2040 and due 2041 are convertible into 24,001 and 986,058 shares, respectively, of Vishay common stock. The convertible senior notes due 2025 are convertible into 19,084,980 shares 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 convertible debt instruments.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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