XML 13 R3.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Net revenues $ 88,618 $ 75,339 $ 176,283 $ 145,928
Costs of products sold 51,284 45,541 103,699 87,508
Gross profit 37,334 29,798 72,584 58,420
Selling, general, and administrative expenses 25,879 22,453 52,553 44,636
Acquisition costs 0 1,198 0 1,198
Impairment of goodwill and indefinite-lived intangibles 0 1,223 0 1,223
Restructuring costs 904 0 1,165 0
Operating income 10,551 4,924 18,866 11,363
Other income (expense):        
Interest expense (428) (273) (757) (578)
Other 3,344 (326) 3,783 247
Other income (expense) 2,916 (599) 3,026 (331)
Income before taxes 13,467 4,325 21,892 11,032
Income tax expense 2,587 262 4,328 2,026
Net earnings 10,880 4,063 17,564 9,006
Less: net earnings attributable to noncontrolling interests 125 143 453 125
Net earnings attributable to VPG stockholders $ 10,755 $ 3,920 $ 17,111 $ 8,881
Basic earnings per share attributable to VPG stockholders (dollars per share) $ 0.79 $ 0.29 $ 1.25 $ 0.65
Diluted earnings per share attributable to VPG stockholders (dollars per share) $ 0.79 $ 0.29 $ 1.25 $ 0.65
Weighted average shares outstanding - basic (in shares) 13,648 13,618 13,643 13,605
Weighted average shares outstanding - diluted (in shares) 13,692 13,646 13,684 13,638