Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Long-Term Debt [Abstract]

Schedule of long-term debt instruments

Long-term debt consists of the following:

	December 31,2012		December 31,2011
Credit facility	$	89,000	$	155,000
Exchangeable unsecured notes, due 2102		95,042		95,042
Convertible senior debentures, due 2040		100,166		98,463
Convertible senior debentures, due 2041		51,399		50,549
Convertible senior debentures, due 2042		57,324		-
		392,931		399,054
Less current portion		-		-
	$	392,931	$	399,054

Liability and equity components of the convertible debentures

The carrying values of the liability and equity components of the convertible debentures are reflected in the Company's consolidated balance sheets as follows:

	Principal amount of the debentures		Unamortized discount			Embedded derivative		Carrying value of liability component		Equity component - net carrying value
December 31, 2012
Due 2040	$	275,000		(175,456	)		622	$	100,166	$	110,094
Due 2041	$	150,000		(99,000	)		399	$	51,399	$	62,246
Due 2042	$	150,000		(92,958	)		282	$	57,324	$	57,874
Total	$	575,000	$	(367,414	)	$	1,303	$	208,889	$	230,214
December 31, 2011
Due 2040	$	275,000		(177,131	)		594	$	98,463	$	110,094
Due 2041	$	150,000		(99,843	)		392	$	50,549	$	62,246
Total	$	425,000	$	(276,974	)	$	986	$	149,012	$	172,340

Schedule of Interest Expense on Convertible Debt [Table Text Block]

Interest expense related to the debentures is reflected on the consolidated statements of operations for the years ended December 31:

	Contractual coupon interest		Non-cash amortization of debt discount		Non-cash amortization of deferred financing costs		Non-cash change in value of derivative liability			Total interest expense related to the debentures
2012
Due 2040	$	6,188		1,675		88		28		$	7,979
Due 2041	$	3,375		843		45		7		$	4,270
Due 2042	$	1,978		510		32		46		$	2,566
Total	$	11,541	$	3,028	$	165	$	81		$	14,815
2011
Due 2040	$	6,188		1,548		88		275		$	8,099
Due 2041	$	2,128		498		29		181		$	2,836
Total	$	8,316	$	2,046	$	117	$	456		$	10,935
2010
Due 2040	$	773		188		11		(55	)	$	917

Aggregate annual maturities of long-term debt

Aggregate annual maturities of long-term debt, based on the terms stated in the respective agreements, are as follows:

2013	$	-
2014		-
2015		89,000
2016		-
2017		-
Thereafter		670,042

Key terms of the convertible debentures

Vishay currently has three issuances of convertible senior debentures outstanding with generally congruent terms.  The following table summarizes some key facts and terms regarding the three series of outstanding convertible senior debentures:

	Due 2040			Due 2041			Due 2042
Issuance date	November 9, 2010			May 13, 2011			May 31, 2012
Maturity date	November 15, 2040			May 15, 2041			June 1, 2042
Principal amount	$	275,000		$	150,000		$	150,000
Cash coupon rate (per annum)		2.25	%		2.25	%		2.25	%
Nonconvertible debt borrowing rate at issuance (per annum)		8.00	%		8.375	%		7.50	%
Initial conversion rate (per $1 principal amount)		72.0331			52.5659			84.6937
Effective conversion price (per share)	$	13.88		$	19.02		$	11.81
130% of the conversion price (per share)	$	18.04		$	24.73		$	15.35
Call date	November 20, 2020			May 20, 2021			June 7, 2022