Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Earnings Per Share, Basic and Diluted

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,
	2013		2012		2011

Numerator:
Numerator for basic earnings per share:
Net earnings	$	122,980	$	122,738	$	238,821

Adjustment to the numerator for continuing operations and net earnings:
Interest savings assuming conversion of dilutive convertible and exchangeable notes, net of tax		140		293		189

Numerator for diluted earnings per share:
Net earnings	$	123,120	$	123,031	$	239,010

Denominator:
Denominator for basic earnings per share:
Weighted average shares		144,856		149,020		160,094

Effect of dilutive securities:
Convertible and exchangeable debt instruments		6,130		6,176		7,820
Restricted stock units		320		549		212
Other		111		99		388
Dilutive potential common shares		6,561		6,824		8,420

Denominator for diluted earnings per share:
Adjusted weighted average shares		151,417		155,844		168,514


Basic earnings per share attributable to Vishay stockholders	$	0.85	$	0.82	$	1.49

Diluted earnings per share attributable to Vishay stockholders	$	0.81	$	0.79	$	1.42

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Note 16 – Earnings Per Share (continued)

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,
	2013		2012		2011

Convertible and exchangeable notes:
Convertible Senior Debentures, due 2040		19,809		19,809		9,905
Convertible Senior Debentures, due 2041		7,885		7,885		5,026
Convertible Senior Debentures, due 2042		-		7,434		-
Weighted average employee stock options		91		177		182
Weighted average warrants		-		8,390		8,824
Weighted average other		385		282		123