Earnings Per Share

12 Months Ended

Dec. 31, 2022

Basic earnings per share are 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 stock options and restricted stock units (see Note 10), and other potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share attributable to VPG stockholders (in thousands, except earnings per share):


	Years ended December 31,
	2022		2021		2020
Numerator:





Numerator for basic and diluted earnings per share:
Net earnings attributable to VPG stockholders	$	36,063	$	20,221	$	10,787

Denominator:

Denominator for basic earnings per share:
Weighted average shares	13,628		13,616		13,566
Effect of dilutive securities:


Restricted stock units	60		41		57
Dilutive potential common shares	60		41		57
Denominator for diluted earnings per share:
Adjusted weighted average shares	13,688		13,657		13,623

Basic earnings per share attributable to VPG stockholders	$	2.65	$	1.49	$	0.80

Diluted earnings per share attributable to VPG stockholders	$	2.63	$	1.48	$	0.79