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Earnings Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Note 16 – Earnings Per Share Basic earnings per share is computed using the weighted average number of common shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares outstanding adjusted to include the potentially dilutive effect of restricted stock units (see Note 12), convertible debt instruments (see Note 6), and other potentially dilutive securities. The following table sets forth the computation of basic and diluted earnings per share attributable to Vishay stockholders (shares in thousands):
|  | Years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Numerator: |  |  |  |  |  |  |  |  |
Net earnings attributable to Vishay stockholders |  | $ | 323,820 |  |  | $ | 428,810 |  |  | $ | 297,970 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 139,318 |  |  |  | 143,176 |  |  |  | 144,796 |
Outstanding phantom stock units |  |  | 129 |  |  |  | 223 |  |  |  | 209 |
Adjusted weighted average shares - basic |  |  | 139,447 |  |  |  | 143,399 |  |  |  | 145,005 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted stock units |  |  | 799 |  |  |  | 516 |  |  |  | 488 |
Convertible debt instruments |  |  | - |  |  |  | - |  |  |  | 2 |
Dilutive potential common shares |  |  | 799 |  |  |  | 516 |  |  |  | 490 |
Denominator for diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Adjusted weighted average shares - diluted |  |  | 140,246 |  |  |  | 143,915 |  |  |  | 145,495 |
Basic earnings per share attributable to Vishay stockholders |  | $ | 2.32 |  |  | $ | 2.99 |  |  | $ | 2.05 |
Diluted earnings per share attributable to Vishay stockholders |  | $ | 2.31 |  |  | $ | 2.98 |  |  | $ | 2.05 |
Diluted earnings per share for the years presented do not reflect the following weighted average potential common shares, as the effect would be antidilutive (in thousands):
|  | Years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Restricted stock units |  |  | 82 |  |  |  | 251 |  |  |  | 279 |
If the average market price of Vishay common stock is less than the effective conversion prices of the convertible senior notes due 2025 and due 2030, respectively, no shares are included in the diluted earnings per share computation for the convertible senior notes due 2025 and due 2030. 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. Pursuant to the indenture governing the convertible senior notes due 2030, Vishay will satisfy its conversion obligations by paying $1 cash per $1 principal amount of converted notes and settle any additional amounts due in cash and/or common stock. Accordingly, the convertible senior notes due 2025 and due 2030 are not anti-dilutive when the average market price of Vishay common stock is less than the respective effective conversion prices of the convertible senior notes due 2025 and due 2030. In connection with the issuance of the convertible senior notes due 2030, the Company entered into capped call transactions (see Note 6), which were not included in the calculation of diluted earnings per share as their effect would have been anti-dilutive. The capped calls are intended to reduce the potential dilution to the Company's common stock in the event that at the time of conversion of the convertible senior notes due 2030 the Company's common stock price exceeds the conversion price of the convertible senior notes due 2030.

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