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Earnings Per Share | 3 Months Ended
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Apr. 01, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Note 12 – Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share attributable to Vishay stockholders (shares in thousands):
|  | Fiscal quarters ended |
|  | April 1, 2023 |  |  | April 2, 2022 |
Numerator: |  |  |  |  |  |
Net earnings attributable to Vishay stockholders |  | $ | 111,781 |  |  | $ | 103,573 |
Denominator: |  |  |  |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |  |  |  |
Weighted average shares |  |  | 140,496 |  |  |  | 144,832 |
Outstanding phantom stock units |  |  | 140 |  |  |  | 221 |
Adjusted weighted average shares - basic |  |  | 140,636 |  |  |  | 145,053 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Restricted stock units |  |  | 615 |  |  |  | 500 |
Dilutive potential common shares |  |  | 615 |  |  |  | 500 |
Denominator for diluted earnings per share: |  |  |  |  |  |  |  |
Adjusted weighted average shares - diluted |  |  | 141,251 |  |  |  | 145,553 |
Basic earnings per share attributable to Vishay stockholders |  | $ | 0.79 |  |  | $ | 0.71 |
Diluted earnings per share attributable to Vishay stockholders |  | $ | 0.79 |  |  | $ | 0.71 |
Diluted earnings per share for the periods presented do not reflect the following weighted average potential common shares that would have an antidilutive effect or have unsatisfied performance conditions (in thousands):
|  | Fiscal quarters ended |
|  | April 1, 2023 |  |  | April 2, 2022 |
Restricted stock units |  |  | - |  |  |  | 333 |
If the average market price of Vishay common stock is less than the effective conversion price of the convertible senior notes due 2025, no shares are included in the diluted earnings per share computation for the convertible senior notes due 2025. Upon Vishay exercising its existing right to legally amend the indenture governing the convertible senior notes due 2025, Vishay will satisfy its conversion obligations by paying $1 cash per $1 principal amount of converted notes and settle any additional amounts due in common stock. Accordingly, the notes are not anti-dilutive when the average market price of Vishay common stock is less than the effective conversion price of the convertible senior notes due 2025.

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