Vishay Intertechnology (VSH) 10-Q 2 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 02, 2022	Jul. 29, 2022
Entity Listings [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jul. 02, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity Registrant Name	Vishay Intertechnology, Inc.
Entity Incorporation, State or Country Code	DE
Entity File Number	011-07416
Entity Tax Identification Number	38-1686453
Entity Address, Address Line One	63 Lancaster Avenue
Entity Address, City or Town	Malvern
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19355
City Area Code	610
Local Phone Number	644-1300
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Small Business	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000103730
Title of 12(b) Security	Common stock, par value $0.10 per share
Trading Symbol	VSH
Security Exchange Name	NYSE
Common stock, par value $0.10 per share [Member]
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		130,680,319
Class B Convertible Common Stock [Member]
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		12,097,148

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Jul. 02, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 765,593	$ 774,108
Short-term investments	81,112	146,743
Accounts receivable, net	429,778	396,458
Inventories:
Finished goods	172,796	147,293
Work in process	264,123	226,496
Raw materials	196,929	162,711
Total inventories	633,848	536,500
Prepaid expenses and other current assets	160,089	156,689
Total current assets	2,070,420	2,010,498
Property and equipment, at cost:
Land	73,047	74,646
Buildings and improvements	629,015	639,879
Machinery and equipment	2,750,175	2,758,262
Construction in progress	147,345	145,828
Allowance for depreciation	(2,629,014)	(2,639,136)
Property and equipment, net	970,568	979,479
Right of use assets	111,881	117,635
Deferred income taxes	89,181	95,037
Goodwill	164,295	165,269
Other intangible assets, net	62,698	67,714
Other assets	94,550	107,625
Total assets	3,563,593	3,543,257
Current liabilities:
Trade accounts payable	243,496	254,049
Payroll and related expenses	160,415	162,694
Lease liabilities	22,734	23,392
Other accrued expenses	214,865	218,089
Income taxes	62,592	35,443
Total current liabilities	704,102	693,667
Long-term debt less current portion	463,302	455,666
U.S. transition tax payable	83,010	110,681
Deferred income taxes	49,542	69,003
Long-term lease liabilities	92,208	99,987
Other liabilities	88,554	95,861
Accrued pension and other postretirement costs	242,464	271,672
Total liabilities	1,723,182	1,796,537
Vishay stockholders' equity
Common stock	13,291	13,271
Class B convertible common stock	1,210	1,210
Capital in excess of par value	1,350,620	1,347,830
Retained earnings	588,803	401,694
Treasury stock	(36,161)	0
Accumulated other comprehensive income (loss)	(80,344)	(20,252)
Total Vishay stockholders' equity	1,837,419	1,743,753
Noncontrolling interests	2,992	2,967
Total equity	1,840,411	1,746,720
Total liabilities, temporary equity, and equity	$ 3,563,593	$ 3,543,257

Consolidated Condensed Statemen

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
Consolidated Condensed Statements of Operations [Abstract]
Net revenues	$ 863,512	$ 819,120	$ 1,717,305	$ 1,583,752
Costs of products sold	602,289	589,848	1,196,974	1,151,531
Gross profit	261,223	229,272	520,331	432,221
Selling, general, and administrative expenses	110,400	103,900	223,255	209,585
Operating income	150,823	125,372	297,076	222,636
Other income (expense):
Interest expense	(4,307)	(4,443)	(8,529)	(8,819)
Other	1,380	(3,749)	(4,371)	(9,480)
Total other income (expense)	(2,927)	(8,192)	(12,900)	(18,299)
Income before taxes	147,896	117,180	284,176	204,337
Income tax expense	35,127	23,799	67,457	39,313
Net earnings	112,769	93,381	216,719	165,024
Less: net earnings attributable to noncontrolling interests	381	189	758	397
Net earnings attributable to Vishay stockholders	$ 112,388	$ 93,192	$ 215,961	$ 164,627
Basic earnings per share attributable to Vishay stockholders (in dollars per share)	$ 0.78	$ 0.64	$ 1.49	$ 1.14
Diluted earnings per share attributable to Vishay stockholders (in dollars per share)	$ 0.78	$ 0.64	$ 1.49	$ 1.13
Weighted average shares outstanding - basic (in shares)	143,996	145,017	144,527	144,992
Weighted average shares outstanding - diluted (in shares)	144,397	145,445	144,978	145,453
Cash dividends per share (in dollars per share)	$ 0.100	$ 0.095	$ 0.20	$ 0.19

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Consolidated Statements of Comprehensive Income [Abstract]
Net earnings	$ 112,769	$ 93,381	$ 216,719	$ 165,024
Other comprehensive income (loss), net of tax
Pension and other post-retirement actuarial items	1,365	2,020	2,924	3,884
Foreign currency translation adjustment	(49,532)	9,285	(63,016)	(17,664)
Other comprehensive income (loss)	(48,167)	11,305	(60,092)	(13,780)
Comprehensive income	64,602	104,686	156,627	151,244
Less: comprehensive income attributable to noncontrolling interests	381	189	758	397
Comprehensive income attributable to Vishay stockholders	$ 64,221	$ 104,497	$ 155,869	$ 150,847

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021
Operating activities
Net earnings	$ 216,719	$ 165,024
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	80,967	83,879
(Gain) loss on disposal of property and equipment	(293)	(207)
Inventory write-offs for obsolescence	10,777	9,550
Deferred income taxes	5,922	519
Other	6,733	5,758
Change in U.S. transition tax liability	(14,757)	(14,757)
Change in repatriation tax liability	(25,201)	0
Net change in operating assets and liabilities	(172,555)	(74,983)
Net cash provided by operating activities	108,312	174,783
Investing activities
Capital expenditures	(95,700)	(60,710)
Proceeds from sale of property and equipment	377	234
Purchase of short-term investments	(7,769)	(27,488)
Maturity of short-term investments	66,763	53,679
Other investing activities	(199)	347
Net cash provided by (used in) investing activities	(36,528)	(33,938)
Financing activities
Repurchase of convertible debt instruments	0	(300)
Net proceeds (payments) on revolving credit lines	6,000	0
Repurchase of common stock held in treasury	(36,161)	0
Distributions to noncontrolling interests	(733)	(800)
Cash withholding taxes paid when shares withheld for vested equity awards	(2,123)	(1,963)
Net cash provided by (used in) financing activities	(61,825)	(30,577)
Effect of exchange rate changes on cash and cash equivalents	(18,474)	(3,383)
Net increase (decrease) in cash and cash equivalents	(8,515)	106,885
Cash and cash equivalents at beginning of period	774,108	619,874
Cash and cash equivalents at end of period	765,593	726,759
Common Stock [Member]
Financing activities
Dividends paid to common stockholders	(26,389)	(25,216)
Class B Convertible Common Stock [Member]
Financing activities
Dividends paid to common stockholders	$ (2,419)	$ (2,298)

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Equity - USD ($) $ in Thousands	Capital In Excess of Par Value [Member]	Capital In Excess of Par Value [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings (Accumulated Deficit) [Member]	Retained Earnings (Accumulated Deficit) [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Total Vishay Stockholders' Equity [Member]	Total Vishay Stockholders' Equity [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Noncontrolling Interests [Member]	Noncontrolling Interests [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Common Stock [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Class B Convertible Common Stock [Member]	Class B Convertible Common Stock [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Treasury Stock [Member]
Balance at Period Start at Dec. 31, 2020	$ 1,409,200		$ 138,990		$ 13,559		$ 1,576,215		$ 2,800		$ 1,579,015		$ 13,256		$ 1,210		$ 0
Net earnings	0		71,435		0		71,435		208		71,643		0		0		0
Other comprehensive income	0		0		(25,085)		(25,085)		0		(25,085)		0		0		0
Issuance of stock and related tax withholdings for vested restricted stock units	(1,978)		0		0		(1,963)		0		(1,963)		15		0		0
Dividends declared	(20)		(13,777)		0		(13,757)		0		(13,757)		0		0		0
Dividends declared (APIC)	20		13,777		0		13,757		0		13,757		0		0		0
Stock compensation expense	4,120		0		0		4,120		0		4,120		0		0		0
Balance at Period End at Apr. 03, 2021	1,345,284		217,214		(11,526)		1,565,453		3,008		1,568,461		13,271		1,210		0
Balance at Period Start at Dec. 31, 2020	1,409,200		138,990		13,559		1,576,215		2,800		1,579,015		13,256		1,210		0
Net earnings											165,024
Other comprehensive income											(13,780)
Balance at Period End at Jul. 03, 2021	1,346,132		296,629		(221)		1,657,021		2,397		1,659,418		13,271		1,210		0
Cumulative effect of accounting change for adoption of ASU		$ (66,078)		$ 20,566		$ 0		$ (45,512)		$ 0		$ (45,512)		$ 0		$ 0	0
Balance at Period Start at Apr. 03, 2021	1,345,284		217,214		(11,526)		1,565,453		3,008		1,568,461		13,271		1,210		0
Net earnings	0		93,192		0		93,192		189		93,381		0		0		0
Other comprehensive income	0		0		11,305		11,305		0		11,305		0		0		0
Distributions to noncontrolling interests	0		0		0		0		(800)		(800)		0		0		0
Dividends declared	(20)		(13,777)		0		(13,757)		0		(13,757)		0		0		0
Dividends declared (APIC)	20		13,777		0		13,757		0		13,757		0		0		0
Stock compensation expense	828		0		0		828		0		828		0		0		0
Balance at Period End at Jul. 03, 2021	1,346,132		296,629		(221)		1,657,021		2,397		1,659,418		13,271		1,210		0
Cumulative effect of accounting change for adoption of ASU											401,694
Balance at Period Start at Dec. 31, 2021	1,347,830		401,694		(20,252)		1,743,753		2,967		1,746,720		13,271		1,210		0
Net earnings	0		103,573		0		103,573		377		103,950		0		0		0
Other comprehensive income	0		0		(11,925)		(11,925)		0		(11,925)		0		0		0
Issuance of stock and related tax withholdings for vested restricted stock units	(2,142)		0		0		(2,123)		0		(2,123)		19		0		0
Dividends declared	(22)		(14,491)		0		(14,469)		0		(14,469)		0		0		0
Dividends declared (APIC)	22		14,491		0		14,469		0		14,469		0		0		0
Stock compensation expense	3,842		0		0		3,842		0		3,842		0		0		0
Repurchase of common stock held in treasury	0		0		0		(9,873)		0		(9,873)		0		0		(9,873)
Balance at Period End at Apr. 02, 2022	1,349,552		490,776		(32,177)		1,812,778		3,344		1,816,122		13,290		1,210		(9,873)
Balance at Period Start at Dec. 31, 2021	1,347,830		401,694		(20,252)		1,743,753		2,967		1,746,720		13,271		1,210		0
Net earnings											216,719
Other comprehensive income											(60,092)
Balance at Period End at Jul. 02, 2022	1,350,620		588,803		(80,344)		1,837,419		2,992		1,840,411		13,291		1,210		(36,161)
Balance at Period Start at Apr. 02, 2022	1,349,552		490,776		(32,177)		1,812,778		3,344		1,816,122		13,290		1,210		(9,873)
Net earnings	0		112,388		0		112,388		381		112,769		0		0		0
Other comprehensive income	0		0		(48,167)		(48,167)		0		(48,167)		0		0		0
Distributions to noncontrolling interests	0		0		0		0		(733)		(733)		0		0		0
Issuance of stock and related tax withholdings for vested restricted stock units	(1)		0		0		0		0		0		1		0		0
Dividends declared	(22)		(14,361)		0		(14,339)		0		(14,339)		0		0		0
Dividends declared (APIC)	22		14,361		0		14,339		0		14,339		0		0		0
Stock compensation expense	1,047		0		0		1,047		0		1,047		0		0		0
Repurchase of common stock held in treasury	0		0		0		(26,288)		0		(26,288)		0		0		(26,288)
Balance at Period End at Jul. 02, 2022	$ 1,350,620		$ 588,803		$ (80,344)		$ 1,837,419		$ 2,992		1,840,411		$ 13,291		$ 1,210		$ (36,161)
Cumulative effect of accounting change for adoption of ASU											$ 588,803

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Jul. 02, 2022	Apr. 02, 2022	Apr. 03, 2021
Consolidated Condensed Statements of Equity (Parenthetical) [Abstract]
Restricted stock issuances (in shares)	11,308	189,731	149,722
Stock repurchase (in shares)	1,400,039	513,227
Dividends declared (in dollars per share)	$ 0.100	$ 0.10	$ 0.095

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 02, 2022
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation The accompanying unaudited consolidated condensed financial statements of Vishay Intertechnology, Inc. (“Vishay” or the “Company”) have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for presentation of financial position, results of operations, and cash flows required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. The information furnished reflects all normal recurring adjustments which are, in the opinion of management, necessary for a fair summary of the financial position, results of operations, and cash flows for the interim periods presented. The financial statements should be read in conjunction with the consolidated financial statements filed with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The results of operations for the fiscal quarter and six fiscal months ended July 2, 2022 are not necessarily indicative of the results to be expected for the full year. The Company reports interim financial information for 13-week periods beginning on a Sunday and ending on a Saturday, except for the first fiscal quarter, which always begins on January 1, and the fourth fiscal quarter, which always ends on December 31. The four fiscal quarters in 2022 end on April 2, 2022, July 2, 2022, October 1, 2022, and December 31, 2022, respectively. The four fiscal quarters in 2021 ended on April 3, 2021, July 3, 2021, October 2, 2021, and December 31, 2021, respectively. Reclassifications Certain prior period amounts have been reclassified to conform to the current financial statement presentation.

Impact of COVID-19 Pandemic

Impact of COVID-19 Pandemic	6 Months Ended
	Jul. 02, 2022
Impact of COVID-19 Pandemic [Abstract]
Other Income (Expense)	Note 2 – Impact of COVID-19 Pandemic The Company's operations in the People's Republic of China , which were partially offset by government subsidies. The net impact of the costs and subsidies are reported as cost of products sold ($ ) and selling, general, and administrative expenses of ($546) based on employee function on the consolidated condensed statements of operations for the fiscal quarter and six fiscal months ended July 2, 2022.

Leases

Leases	6 Months Ended
	Jul. 02, 2022
Leases [Abstract]
Leases	Note 3 – Leases The net right of use assets and lease liabilities recognized on the consolidated condensed balance sheets for the Company's operating leases were as follows: July 2, 2022 December 31, 2021 Right of use assets Operating Leases Buildings and improvements $ 107,605 $ 112,951 Machinery and equipment 4,276 4,684 Total $ 111,881 $ 117,635 Current lease liabilities Operating Leases Buildings and improvements $ 20,344 $ 20,851 Machinery and equipment 2,390 2,541 Total $ 22,734 $ 23,392 Long-term lease liabilities Operating Leases Buildings and improvements $ 90,379 $ 97,890 Machinery and equipment 1,829 2,097 Total $ 92,208 $ 99,987 Total lease liabilities $ 114,942 $ 123,379 Lease expense is classified in the statements of operations based on asset use. Total lease cost recognized on the consolidated condensed statements of operations is as follows: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Lease expense Operating lease expense $ 6,304 $ 6,248 $ 12,756 $ 12,400 Short-term lease expense 236 428 540 753 Variable lease expense - 66 100 193 Total lease expense $ 6,540 $ 6,742 $ 13,396 $ 13,346 The Company paid $12,241 and $12,176 for its operating leases in the six fiscal months ended July 2, 2022 and July 3, 2021, respectively, which are included in operating cash flows on the consolidated condensed statements of cash flows. The weighted-average remaining lease term for the Company's operating leases is 8.6 years and the weighted-average discount rate is 5.3% as of July 2, 2022. The undiscounted future lease payments for the Company's operating lease liabilities are as follows: July 2, 2022 2022 (excluding the six fiscal months ended July 2, 2022) $ 11,879 2023 22,412 2024 20,002 2025 17,247 2026 15,522 Thereafter 57,740 The undiscounted future lease payments presented in the table above include payments through the term of the lease, which may include periods beyond the noncancellable term. The difference between the total payments above and the lease liability balance is due to the discount rate used to calculate lease liabilities.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 02, 2022
Income Taxes [Abstract]
Income Taxes	Note 4 – Income Taxes The provision for income taxes consists of provisions for federal, state, and foreign income taxes. The effective tax rates for the periods ended July 2, 2022 and July 3, 2021 reflect the Company’s expected tax rate on reported income before income tax and tax adjustments. The Company operates in a global environment with significant operations in various jurisdictions outside the United States. Accordingly, the consolidated income tax rate is a composite rate reflecting the Company’s earnings and the applicable tax rates in the various jurisdictions where the Company operates. The Company repatriated $81,243 to the United States in the second fiscal quarter of 2022 pursuant to the repatriation program initiated in response to a change in Israeli tax law. The Company paid withholding taxes, foreign taxes, and Israeli clawback taxes of $25,201 due to the repatriation. Tax expense for the repatriation was recorded in 2021 when the tax law was enacted. During the six fiscal months ended July 2, 2022, the liabilities for unrecognized tax benefits decreased by $5,102 on a net basis, primarily due to payments and currency translation adjustments, partially offset by accruals for current year tax positions and interest.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jul. 02, 2022
Long-Term Debt [Abstract]
Long-Term Debt	Note 5 – Long-Term Debt Long-term debt consists of the following: July 2, 2022 December 31, 2021 Credit facility $ 6,000 $ - Convertible senior notes, due 2025 465,344 465,344 Deferred financing costs (8,042 ) (9,678 ) 463,302 455,666 Less current portion - - $ 463,302 $ 455,666 The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2025 as of July 2, 2022: Convertible Senior Notes Due 2025 Issuance date June 12, 2018 Maturity date June 15, 2025 Principal amount as of July 2, 2022 $ 465,344 Cash coupon rate (per annum) 2.25 % Nonconvertible debt borrowing rate at issuance (per annum) 5.50 % Conversion rate effective June 16, 2022 (per $1 principal amount) 32.0005 Effective conversion price effective June 16, 2022 (per share) $ 31.25 130% of the current effective conversion price (per share) $ 40.63 Prior to December 15, 2024, the holders of the convertible senior notes due 2025 may convert their notes only under the following circumstances: (1) during any fiscal quarter after the fiscal quarter ending September 29, 2018, if the sale price of Vishay common stock reaches 130% of the conversion price for a specified period; (2) the trading price of the notes falls below 98% of the product of the sale price of Vishay's common stock and the conversion rate for a specified period; or (3) upon the occurrence of specified corporate transactions. The convertible senior notes due 2025 are not currently convertible. Upon conversion of 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. The quarterly cash dividend program of the Company results in adjustments to the conversion rate and effective conversion price for the convertible senior notes due 2025 effective as of the ex-dividend date of each cash dividend. The conversion rate and effective conversion price for the convertible senior notes due 2025 is adjusted for quarterly cash dividends to the extent such dividends exceed $0.085 per share of common stock.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jul. 02, 2022
Stockholders' Equity Policy [Abstract]
Stockholders' Equity	Note 6 - Stockholders' Equity On February 7, 2022, the Company's Board of Directors adopted a Stockholder Return Policy that will remain in effect until such time as the Board votes to amend or rescind the policy. The Stockholder Return Policy calls for the Company to return a prescribed amount of cash flows on an annual basis. The Company intends to return such amounts directly, in the form of dividends, or indirectly, in the form of stock repurchases. The following table summarizes activity pursuant to this policy: Fiscal quarter ended Six fiscal months ended July 2, 2022 July 2, 2022 Dividends paid to stockholders $ 14,339 $ 28,808 Stock repurchases 26,288 36,161 Total $ 40,627 $ 64,969 The repurchased shares are being held as treasury stock. The Company records treasury stock at cost, inclusive of fees, commissions and other expenses, when outstanding common shares are repurchased.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jul. 02, 2022
Revenue Recognition [Abstract]
Revenue Recognition	Note 7 – Revenue Recognition Sales returns and allowances accrual activity is shown below: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Beginning balance $ 39,161 $ 34,449 $ 39,759 $ 39,629 Sales allowances 19,040 22,043 46,417 45,839 Credits issued (16,569 ) (15,350 ) (44,295 ) (43,796 ) Foreign currency (857 ) 120 (1,106 ) (410) Ending balance $ 40,775 $ 41,262 $ 40,775 $ 41,262

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jul. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 8 – Accumulated Other Comprehensive Income (Loss) The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows: Pension and other post- retirement actuarial items Currency translation adjustment Total Balance at January 1, 2022 $ (58,908 ) $ 38,656 $ (20,252 ) Other comprehensive income (loss) before reclassifications - (63,016 ) $ (63,016 ) Tax effect - - $ - Other comprehensive income before reclassifications, net of tax - (63,016 ) $ (63,016 ) Amounts reclassified out of AOCI 4,269 - $ 4,269 Tax effect (1,345 ) - $ (1,345 ) Amounts reclassified out of AOCI, net of tax 2,924 - $ 2,924 Net other comprehensive income (loss) $ 2,924 $ (63,016 ) $ (60,092 ) Balance at July 2, 2022 $ (55,984 ) $ (24,360 ) $ (80,344 ) Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost. See Note 9 for further information.

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits	6 Months Ended
	Jul. 02, 2022
Pensions and Other Postretirement Benefits [Abstract]
Pensions and Other Postretirement Benefits	Note 9 – Pensions and Other Postretirement Benefits The Company maintains various retirement benefit plans. The service cost component of net periodic pension cost is classified in costs of products sold or selling, general, and administrative expenses on the consolidated condensed statements of operations based on the respective employee's function. The other components of net periodic pension cost are classified as other expense on the consolidated condensed statements of operations. Defined Benefit Pension Plans The following table shows the components of the net periodic pension cost for the second fiscal quarters of 2022 and 2021 for the Company’s defined benefit pension plans: Fiscal quarter ended July 2, 2022 Fiscal quarter ended July 3, 2021 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net service cost $ - $ 1,068 $ - $ 1,191 Interest cost 281 813 254 754 Expected return on plan assets - (440 ) - (419 ) Amortization of prior service cost 36 53 36 50 Amortization of losses 426 1,205 446 1,887 Curtailment and settlement losses - 265 - 202 Net periodic benefit cost $ 743 $ 2,964 $ 736 $ 3,665 The following table shows the components of the net periodic pension cost for the six fiscal months ended July 2, 2022 and July 3, 2021 for the Company’s defined benefit pension plans: Six fiscal months ended July 2, 2022 Six fiscal months ended July 3, 2021 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net service cost $ - $ 2,185 $ - $ 2,381 Interest cost 561 1,665 508 1,508 Expected return on plan assets - (900 ) - (836 ) Amortization of prior service cost 72 109 72 101 Amortization of losses 853 2,476 893 3,771 Curtailment and settlement losses - 544 - 401 Net periodic benefit cost $ 1,486 $ 6,079 $ 1,473 $ 7,326 Other Postretirement Benefits The following table shows the components of the net periodic benefit cost for the second fiscal quarters of 2022 and 2021 for the Company’s other postretirement benefit plans: Fiscal quarter ended July 2, 2022 Fiscal quarter ended July 3, 2021 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Service cost $ 9 $ 60 $ 26 $ 70 Interest cost 44 14 41 11 Amortization of losses 85 21 13 30 Net periodic benefit cost $ 138 $ 95 $ 80 $ 111 The following table shows the components of the net periodic pension cost for the six fiscal months ended July 2, 2022 and July 3, 2021 for the Company’s other postretirement benefit plans: Six fiscal months ended July 2, 2022 Six fiscal months ended July 3, 2021 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Service cost $ 19 $ 123 $ 51 $ 141 Interest cost 89 29 82 22 Amortization of losses 171 44 26 59 Net periodic benefit cost $ 279 $ 196 $ 159 $ 222

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jul. 02, 2022
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 10 – Stock-Based Compensation The following table summarizes stock-based compensation expense recognized: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Restricted stock units $ 1,047 $ 828 $ 4,667 4,739 Phantom stock units - - 222 209 Total $ 1,047 $ 828 $ 4,889 4,948 The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at July 2, 2022 (amortization periods in years) Unrecognized Compensation Cost Weighted Average Remaining Amortization Periods Restricted stock units $ 4,896 0.9 Phantom stock units - n/a Total $ 4,896 The Company currently expects all performance-based RSUs to vest and all of the associated unrecognized compensation cost for performance-based RSUs presented in the table above to be recognized. Restricted Stock Units RSU activity under the Company's 2007 Stock Incentive Program (the "2007 Program") as of July 2, 2022 and changes during the six fiscal months then ended are presented below (number of RSUs in thousands) Number of RSUs Weighted Average Grant-date Fair Value per Unit Outstanding: January 1, 2022 877 $ 20.08 Granted 336 19.13 Vested* (306 ) 20.04 Cancelled or forfeited (13 ) 20.50 Outstanding at July 2, 2022 894 $ 19.73 Expected to vest at July 2, 2022 894 * The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements. The number of performance-based RSUs that are scheduled to vest increases ratably based on the achievement of defined performance criteria between the established target and maximum levels. RSUs with performance-based vesting criteria are expected to vest as follows (number of RSUs in thousands) Vesting Date Expected to Vest Not Expected to Vest Total January 1, 2023 152 - 152 January 1, 2024 165 - 165 January 1, 2025 168 - 168 Phantom Stock Units Phantom stock unit activity under the 2007 Program as of July 2, 2022 and changes during the six fiscal months then ended are presented below (number of phantom stock units in thousands) Number of units Grant-date Fair Value per Unit Outstanding: January 1, 2022 212 Granted 10 $ 22.20 Dividend equivalents issued 2 Outstanding at July 2, 2022 224

Segment Information

Segment Information	6 Months Ended
	Jul. 02, 2022
Segment Information [Abstract]
Segment Information	Note 11 – Segment Information The following tables set forth business segment information: MOSFETs Diodes Optoelectronic Components Resistors Inductors Capacitors Corporate / Other* Total Fiscal quarter ended : Net revenues $ 158,395 $ 192,083 $ 77,936 $ 213,176 $ 89,608 $ 132,314 $ - $ 863,512 Segment Operating Income $ 44,602 $ 48,513 $ 22,395 $ 63,650 $ 26,914 $ 27,620 $ (6,661 ) $ 227,033 Fiscal quarter ended : Net revenues $ 167,937 $ 174,815 $ 75,795 $ 194,722 $ 85,539 $ 120,312 $ - $ 819,120 Segment Operating Income $ 37,510 $ 36,120 $ 20,152 $ 51,365 $ 26,244 $ 23,686 $ - $ 195,077 Six fiscal months ended July 2, 2022 : Net revenues $ 331,069 $ 374,417 $ 158,952 $ 420,208 $ 172,385 $ 260,274 $ - $ 1,717,305 Segment Operating Income $ 93,126 $ 88,939 $ 50,554 $ 121,793 $ 49,113 $ 55,020 $ (6,661 ) $ 451,884 Six fiscal months ended July 3, 2021 : Net revenues $ 321,160 $ 331,993 $ 153,566 $ 381,324 $ 168,997 $ 226,712 $ - $ 1,583,752 Segment Operating Income $ 64,717 $ 64,941 $ 41,362 $ 98,741 $ 51,534 $ 42,549 $ - $ 363,844 * Amounts reported in Corporate/Other above represent unallocated costs directly related to the COVID-19 pandemic, which are reported as costs of products sold on the consolidated condensed statements of operations. Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Reconciliation: Segment Operating Income $ 227,033 $ 195,077 $ 451,884 $ 363,844 Impact of the COVID-19 Pandemic on Selling, General, and Administrative Expenses (546 ) - (546 ) - Unallocated Selling, General, and Administrative Expenses (75,664 ) (69,705 ) (154,262 ) (141,208 ) Consolidated Operating Income $ 150,823 $ 125,372 $ 297,076 $ 222,636 Unallocated Other Income (Expense) (2,927 ) (8,192 ) (12,900 ) (18,299 ) Consolidated Income Before Taxes $ 147,896 $ 117,180 $ 284,176 $ 204,337 The Company has a broad line of products that it sells to OEMs, EMS companies, and independent distributors. The distribution of sales by customer type is shown below: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Distributors $ 515,714 $ 492,809 $ 1,013,583 $ 916,934 OEMs 288,695 277,418 586,124 572,055 EMS companies 59,103 48,893 117,598 94,763 Total Revenue $ 863,512 $ 819,120 $ 1,717,305 $ 1,583,752 Net revenues were attributable to customers in the following regions: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Asia $ 344,770 $ 347,343 $ 688,782 $ 669,803 Europe 275,965 268,828 565,949 537,151 Americas 242,777 202,949 462,574 376,798 Total Revenue $ 863,512 $ 819,120 $ 1,717,305 $ 1,583,752 The Company generates substantially all of its revenue from product sales to end customers in the industrial, automotive, telecommunications, computing, consumer products, power supplies, military and aerospace, and medical end markets. Sales by end market are presented below: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Industrial $ 350,955 $ 322,133 $ 688,324 $ 592,934 Automotive 253,672 247,029 513,173 503,002 Telecommunications 28,883 22,956 59,896 47,858 Computing 57,035 64,632 124,966 124,531 Consumer Products 43,147 43,609 81,855 84,404 Power Supplies 41,144 42,045 81,426 77,291 Military and Aerospace 55,703 43,173 102,201 84,711 Medical 32,973 33,543 65,464 69,021 Total revenue $ 863,512 $ 819,120 $ 1,717,305 $ 1,583,752

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 02, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 12 – Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share attributable to Vishay stockholders (shares in thousands) Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Numerator: Net earnings attributable to Vishay stockholders $ 112,388 $ 93,192 $ 215,961 $ 164,627 Denominator: Denominator for basic earnings per share: Weighted average shares 143,773 144,808 144,305 144,784 Outstanding phantom stock units 223 209 222 208 Adjusted weighted average shares 143,996 145,017 144,527 144,992 Effect of dilutive securities: Convertible debt instruments - - - 5 Restricted stock units 401 428 451 456 Dilutive potential common shares 401 428 451 461 Denominator for diluted earnings per share: Adjusted weighted average shares - diluted 144,397 145,445 144,978 145,453 Basic earnings per share attributable to Vishay stockholders $ 0.78 $ 0.64 $ 1.49 $ 1.14 Diluted earnings per share attributable to Vishay stockholders $ 0.78 $ 0.64 $ 1.49 $ 1.13 Diluted earnings per share for the periods presented do not reflect the following weighted average potential common shares that would have an antidilutive effect or have unsatisfied performance conditions (in thousands) Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Restricted stock units 333 317 333 317 If the average market price of Vishay common stock is less than the effective conversion price of the convertible senior notes due 2025, no shares are included in the diluted earnings per share computation for the convertible senior notes due 2025. Upon Vishay exercising its existing right to legally amend the indenture governing the convertible senior notes due 2025, he average market price of Vishay common stock is less than the effective conversion price of the convertible senior notes due 2025.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 02, 2022
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 13 – Fair Value Measurements The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis: Total Fair Value Level 1 Level 2 Level 3 July 2, 2022 Assets: Assets held in rabbi trusts $ 48,144 $ 25,369 $ 22,775 $ - Available for sale securities $ 3,673 3,673 - - Precious metals $ 4,421 4,421 - - $ 56,238 $ 33,463 $ 22,775 $ - December 31, 2021 Assets: Assets held in rabbi trusts $ 59,687 $ 32,713 26,974 $ - Available for sale securities $ 4,455 4,455 - - $ 64,142 $ 37,168 $ 26,974 $ - There have been no changes in the classification of any financial instruments within the fair value hierarchy in the periods presented. The Company maintains non-qualified trusts, referred to as “rabbi” trusts, to fund payments under deferred compensation and non-qualified pension plans. Rabbi trust assets consist primarily of marketable securities, classified as available-for-sale and company-owned life insurance assets. The marketable securities held in the rabbi trusts are valued using quoted market prices on the last business day of the period. The company-owned life insurance assets are valued in consultation with the Company’s insurance brokers using the value of underlying assets of the insurance contracts. The fair value measurement of the marketable securities held in the rabbi trust is considered a Level 1 measurement and the measurement of the company-owned life insurance assets is considered a Level 2 measurement within the fair value hierarchy. The Company holds investments in debt securities that are intended to fund a portion of its pension and other postretirement benefit obligations outside of the United States. The investments are valued based on quoted market prices on the last business day of the period. The fair value measurement of the investments is considered a Level 1 measurement within the fair value hierarchy. From time to time, the Company purchases precious metals bullion in excess of its immediate manufacturing needs to mitigate the risk of supply shortages or volatile price fluctuations. The metals are valued based on quoted market prices on the last business day of the period. The fair value measurement of the metals are considered a Level 1 measurement within the fair value hierarchy. The Company has entered into forward contracts with highly-rated financial institutions to mitigate the foreign currency risk associated with intercompany loans denominated in a currency other than the legal entity's functional currency. The Company had no outstanding forward contracts as of July 2, 2022. The notional amount of the forward contracts was $100,000 as of December 31, 2021. The forward contracts were short-term in nature and were renewed at the Company's discretion until the intercompany loans were repaid. We did not designate the forward contracts as hedges for accounting purposes, and as such the change in the fair value of the contracts would be recognized in the consolidated condensed statements of operations as a component of other income (expense). The Company estimates the fair value of the forward contracts based on applicable and commonly used pricing models using current market information and was considered a Level 2 measurement within the fair value hierarchy. The value of the forward contracts was immaterial as of December 31, 2021. The Company does not utilize derivatives or other financial instruments for trading or other speculative purposes. The fair value of the long-term debt, excluding the derivative liabilities and deferred financing costs, at July 2, 2022 and December 31, 2021 is approximately $446,100 and $485,500, respectively, compared to its carrying value, excluding the deferred financing costs, of $471,344 and $465,344, respectively. The Company estimates the fair value of its long-term debt using a combination of quoted market prices for similar financing arrangements and expected future payments discounted at risk-adjusted rates, which are considered Level 2 inputs. At July 2, 2022 and December 31, 2021, the Company’s short-term investments were comprised of time deposits with financial institutions that have maturities that exceed 90 days from the date of acquisition; however they all mature within one year from the respective balance sheet dates. The Company's short-term investments are accounted for as held-to-maturity debt instruments, at amortized cost, which approximates their fair value. The investments are funded with excess cash not expected to be needed for operations prior to maturity; therefore, the Company believes it has the intent and ability to hold the short-term investments until maturity. At each reporting date, the Company performs an evaluation to determine if any unrealized losses are other-than-temporary. No other-than-temporary impairments have been recognized on these securities, and there are no unrecognized holding gains or losses for these securities during the periods presented. There have been no transfers to or from the held-to-maturity classification. All decreases in the account balance are due to returns of principal at the securities’ maturity dates. Interest on the securities is recognized as interest income when earned. At July 2, 2022 and December 31, 2021, the Company’s cash and cash equivalents were comprised of demand deposits, time deposits with maturities of three months or less when purchased, and money market funds. The Company estimates the fair value of its cash, cash equivalents, and short-term investments using level 2 inputs. Based on the current interest rates for similar investments with comparable credit risk and time to maturity, the fair value of the Company's cash, cash equivalents, and held-to-maturity short-term investments approximate the carrying amounts reported in the consolidated condensed balance sheets. The Company’s financial instruments also include accounts receivable and accounts payable. The carrying amounts for these financial instruments reported in the consolidated condensed balance sheets approximate their fair values.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jul. 02, 2022
Basis of Presentation [Abstract]
Fiscal Period, Policy	The Company reports interim financial information for 13-week periods beginning on a Sunday and ending on a Saturday, except for the first fiscal quarter, which always begins on January 1, and the fourth fiscal quarter, which always ends on December 31. The four fiscal quarters in 2022 end on April 2, 2022, July 2, 2022, October 1, 2022, and December 31, 2022, respectively. The four fiscal quarters in 2021 ended on April 3, 2021, July 3, 2021, October 2, 2021, and December 31, 2021, respectively.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to the current financial statement presentation.

Income Taxes (Policies)

Income Taxes (Policies)	6 Months Ended
	Jul. 02, 2022
Income Taxes [Abstract]
Effective Income Tax Rate Description	The provision for income taxes consists of provisions for federal, state, and foreign income taxes. The effective tax rates for the periods ended July 2, 2022 and July 3, 2021 reflect the Company’s expected tax rate on reported income before income tax and tax adjustments. The Company operates in a global environment with significant operations in various jurisdictions outside the United States. Accordingly, the consolidated income tax rate is a composite rate reflecting the Company’s earnings and the applicable tax rates in the various jurisdictions where the Company operates.

Stockholders' Equity (Policies)

Stockholders' Equity (Policies)	6 Months Ended
	Jul. 02, 2022
Stockholders' Equity Policy [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	The Company records treasury stock at cost, inclusive of fees, commissions and other expenses, when outstanding common shares are repurchased.

Earnings Per Share (Policies)

Earnings Per Share (Policies)	6 Months Ended
	Jul. 02, 2022
Earnings Per Share [Abstract]
Discussion on convertible debt included in computation of earnings per share diluted	If the average market price of Vishay common stock is less than the effective conversion price of the convertible senior notes due 2025, no shares are included in the diluted earnings per share computation for the convertible senior notes due 2025. Upon Vishay exercising its existing right to legally amend the indenture governing the convertible senior notes due 2025, he average market price of Vishay common stock is less than the effective conversion price of the convertible senior notes due 2025.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 02, 2022
Leases [Abstract]
Right of Use Assets and Lease Liabilities	The net right of use assets and lease liabilities recognized on the consolidated condensed balance sheets for the Company's operating leases were as follows: July 2, 2022 December 31, 2021 Right of use assets Operating Leases Buildings and improvements $ 107,605 $ 112,951 Machinery and equipment 4,276 4,684 Total $ 111,881 $ 117,635 Current lease liabilities Operating Leases Buildings and improvements $ 20,344 $ 20,851 Machinery and equipment 2,390 2,541 Total $ 22,734 $ 23,392 Long-term lease liabilities Operating Leases Buildings and improvements $ 90,379 $ 97,890 Machinery and equipment 1,829 2,097 Total $ 92,208 $ 99,987 Total lease liabilities $ 114,942 $ 123,379
Lease Expense	Lease expense is classified in the statements of operations based on asset use. Total lease cost recognized on the consolidated condensed statements of operations is as follows: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Lease expense Operating lease expense $ 6,304 $ 6,248 $ 12,756 $ 12,400 Short-term lease expense 236 428 540 753 Variable lease expense - 66 100 193 Total lease expense $ 6,540 $ 6,742 $ 13,396 $ 13,346
Undiscounted Future Lease Payments for Operating Lease Liabilities	The undiscounted future lease payments for the Company's operating lease liabilities are as follows: July 2, 2022 2022 (excluding the six fiscal months ended July 2, 2022) $ 11,879 2023 22,412 2024 20,002 2025 17,247 2026 15,522 Thereafter 57,740

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jul. 02, 2022
Long-Term Debt [Abstract]
Long-term Debt Instruments	Long-term debt consists of the following: July 2, 2022 December 31, 2021 Credit facility $ 6,000 $ - Convertible senior notes, due 2025 465,344 465,344 Deferred financing costs (8,042 ) (9,678 ) 463,302 455,666 Less current portion - - $ 463,302 $ 455,666
Key Facts and Terms of the Convertible Debt Instruments	The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2025 as of July 2, 2022: Convertible Senior Notes Due 2025 Issuance date June 12, 2018 Maturity date June 15, 2025 Principal amount as of July 2, 2022 $ 465,344 Cash coupon rate (per annum) 2.25 % Nonconvertible debt borrowing rate at issuance (per annum) 5.50 % Conversion rate effective June 16, 2022 (per $1 principal amount) 32.0005 Effective conversion price effective June 16, 2022 (per share) $ 31.25 130% of the current effective conversion price (per share) $ 40.63

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jul. 02, 2022
Stockholders' Equity Policy [Abstract]
Schedule of Stockholder Return Policy [Table Text Block]	The following table summarizes activity pursuant to this policy: Fiscal quarter ended Six fiscal months ended July 2, 2022 July 2, 2022 Dividends paid to stockholders $ 14,339 $ 28,808 Stock repurchases 26,288 36,161 Total $ 40,627 $ 64,969

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jul. 02, 2022
Revenue Recognition [Abstract]
Sales returns and allowances accrual activity	Sales returns and allowances accrual activity is shown below: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Beginning balance $ 39,161 $ 34,449 $ 39,759 $ 39,629 Sales allowances 19,040 22,043 46,417 45,839 Credits issued (16,569 ) (15,350 ) (44,295 ) (43,796 ) Foreign currency (857 ) 120 (1,106 ) (410) Ending balance $ 40,775 $ 41,262 $ 40,775 $ 41,262

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jul. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Abstract]
Other Comprehensive Income (Loss) and Income Tax Effects Allocated	The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows: Pension and other post- retirement actuarial items Currency translation adjustment Total Balance at January 1, 2022 $ (58,908 ) $ 38,656 $ (20,252 ) Other comprehensive income (loss) before reclassifications - (63,016 ) $ (63,016 ) Tax effect - - $ - Other comprehensive income before reclassifications, net of tax - (63,016 ) $ (63,016 ) Amounts reclassified out of AOCI 4,269 - $ 4,269 Tax effect (1,345 ) - $ (1,345 ) Amounts reclassified out of AOCI, net of tax 2,924 - $ 2,924 Net other comprehensive income (loss) $ 2,924 $ (63,016 ) $ (60,092 ) Balance at July 2, 2022 $ (55,984 ) $ (24,360 ) $ (80,344 )

Pensions and Other Postretire_2

Pensions and Other Postretirement Benefits (Tables)	6 Months Ended
	Jul. 02, 2022
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Benefit Cost for Pension and Other Postretirement Benefit Plans	The following table shows the components of the net periodic pension cost for the second fiscal quarters of 2022 and 2021 for the Company’s defined benefit pension plans: Fiscal quarter ended July 2, 2022 Fiscal quarter ended July 3, 2021 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net service cost $ - $ 1,068 $ - $ 1,191 Interest cost 281 813 254 754 Expected return on plan assets - (440 ) - (419 ) Amortization of prior service cost 36 53 36 50 Amortization of losses 426 1,205 446 1,887 Curtailment and settlement losses - 265 - 202 Net periodic benefit cost $ 743 $ 2,964 $ 736 $ 3,665 The following table shows the components of the net periodic pension cost for the six fiscal months ended July 2, 2022 and July 3, 2021 for the Company’s defined benefit pension plans: Six fiscal months ended July 2, 2022 Six fiscal months ended July 3, 2021 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net service cost $ - $ 2,185 $ - $ 2,381 Interest cost 561 1,665 508 1,508 Expected return on plan assets - (900 ) - (836 ) Amortization of prior service cost 72 109 72 101 Amortization of losses 853 2,476 893 3,771 Curtailment and settlement losses - 544 - 401 Net periodic benefit cost $ 1,486 $ 6,079 $ 1,473 $ 7,326
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Benefit Cost for Pension and Other Postretirement Benefit Plans	The following table shows the components of the net periodic benefit cost for the second fiscal quarters of 2022 and 2021 for the Company’s other postretirement benefit plans: Fiscal quarter ended July 2, 2022 Fiscal quarter ended July 3, 2021 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Service cost $ 9 $ 60 $ 26 $ 70 Interest cost 44 14 41 11 Amortization of losses 85 21 13 30 Net periodic benefit cost $ 138 $ 95 $ 80 $ 111 The following table shows the components of the net periodic pension cost for the six fiscal months ended July 2, 2022 and July 3, 2021 for the Company’s other postretirement benefit plans: Six fiscal months ended July 2, 2022 Six fiscal months ended July 3, 2021 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Service cost $ 19 $ 123 $ 51 $ 141 Interest cost 89 29 82 22 Amortization of losses 171 44 26 59 Net periodic benefit cost $ 279 $ 196 $ 159 $ 222

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 02, 2022
Stock-Based Compensation [Abstract]
Summary of Recognized Stock-based Compensation Expense	The following table summarizes stock-based compensation expense recognized: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Restricted stock units $ 1,047 $ 828 $ 4,667 4,739 Phantom stock units - - 222 209 Total $ 1,047 $ 828 $ 4,889 4,948
Summary of Unrecognized Compensation Cost and Weighted Average Remaining Amortization Periods	The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at July 2, 2022 (amortization periods in years) Unrecognized Compensation Cost Weighted Average Remaining Amortization Periods Restricted stock units $ 4,896 0.9 Phantom stock units - n/a Total $ 4,896
RSU Activity	RSU activity under the Company's 2007 Stock Incentive Program (the "2007 Program") as of July 2, 2022 and changes during the six fiscal months then ended are presented below (number of RSUs in thousands) Number of RSUs Weighted Average Grant-date Fair Value per Unit Outstanding: January 1, 2022 877 $ 20.08 Granted 336 19.13 Vested* (306 ) 20.04 Cancelled or forfeited (13 ) 20.50 Outstanding at July 2, 2022 894 $ 19.73 Expected to vest at July 2, 2022 894 * The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.
RSUs with Performance-Based Vesting Criteria	RSUs with performance-based vesting criteria are expected to vest as follows (number of RSUs in thousands) Vesting Date Expected to Vest Not Expected to Vest Total January 1, 2023 152 - 152 January 1, 2024 165 - 165 January 1, 2025 168 - 168
Phantom Stock Unit Activity Under the Phantom Stock Plan	Phantom stock unit activity under the 2007 Program as of July 2, 2022 and changes during the six fiscal months then ended are presented below (number of phantom stock units in thousands) Number of units Grant-date Fair Value per Unit Outstanding: January 1, 2022 212 Granted 10 $ 22.20 Dividend equivalents issued 2 Outstanding at July 2, 2022 224

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 02, 2022
Segment Information [Abstract]
Segment Reporting Information by Segment	The following tables set forth business segment information: MOSFETs Diodes Optoelectronic Components Resistors Inductors Capacitors Corporate / Other* Total Fiscal quarter ended : Net revenues $ 158,395 $ 192,083 $ 77,936 $ 213,176 $ 89,608 $ 132,314 $ - $ 863,512 Segment Operating Income $ 44,602 $ 48,513 $ 22,395 $ 63,650 $ 26,914 $ 27,620 $ (6,661 ) $ 227,033 Fiscal quarter ended : Net revenues $ 167,937 $ 174,815 $ 75,795 $ 194,722 $ 85,539 $ 120,312 $ - $ 819,120 Segment Operating Income $ 37,510 $ 36,120 $ 20,152 $ 51,365 $ 26,244 $ 23,686 $ - $ 195,077 Six fiscal months ended July 2, 2022 : Net revenues $ 331,069 $ 374,417 $ 158,952 $ 420,208 $ 172,385 $ 260,274 $ - $ 1,717,305 Segment Operating Income $ 93,126 $ 88,939 $ 50,554 $ 121,793 $ 49,113 $ 55,020 $ (6,661 ) $ 451,884 Six fiscal months ended July 3, 2021 : Net revenues $ 321,160 $ 331,993 $ 153,566 $ 381,324 $ 168,997 $ 226,712 $ - $ 1,583,752 Segment Operating Income $ 64,717 $ 64,941 $ 41,362 $ 98,741 $ 51,534 $ 42,549 $ - $ 363,844 * Amounts reported in Corporate/Other above represent unallocated costs directly related to the COVID-19 pandemic, which are reported as costs of products sold on the consolidated condensed statements of operations.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Reconciliation: Segment Operating Income $ 227,033 $ 195,077 $ 451,884 $ 363,844 Impact of the COVID-19 Pandemic on Selling, General, and Administrative Expenses (546 ) - (546 ) - Unallocated Selling, General, and Administrative Expenses (75,664 ) (69,705 ) (154,262 ) (141,208 ) Consolidated Operating Income $ 150,823 $ 125,372 $ 297,076 $ 222,636 Unallocated Other Income (Expense) (2,927 ) (8,192 ) (12,900 ) (18,299 ) Consolidated Income Before Taxes $ 147,896 $ 117,180 $ 284,176 $ 204,337
Disaggregation of Revenue	The Company has a broad line of products that it sells to OEMs, EMS companies, and independent distributors. The distribution of sales by customer type is shown below: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Distributors $ 515,714 $ 492,809 $ 1,013,583 $ 916,934 OEMs 288,695 277,418 586,124 572,055 EMS companies 59,103 48,893 117,598 94,763 Total Revenue $ 863,512 $ 819,120 $ 1,717,305 $ 1,583,752 Net revenues were attributable to customers in the following regions: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Asia $ 344,770 $ 347,343 $ 688,782 $ 669,803 Europe 275,965 268,828 565,949 537,151 Americas 242,777 202,949 462,574 376,798 Total Revenue $ 863,512 $ 819,120 $ 1,717,305 $ 1,583,752 The Company generates substantially all of its revenue from product sales to end customers in the industrial, automotive, telecommunications, computing, consumer products, power supplies, military and aerospace, and medical end markets. Sales by end market are presented below: Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Industrial $ 350,955 $ 322,133 $ 688,324 $ 592,934 Automotive 253,672 247,029 513,173 503,002 Telecommunications 28,883 22,956 59,896 47,858 Computing 57,035 64,632 124,966 124,531 Consumer Products 43,147 43,609 81,855 84,404 Power Supplies 41,144 42,045 81,426 77,291 Military and Aerospace 55,703 43,173 102,201 84,711 Medical 32,973 33,543 65,464 69,021 Total revenue $ 863,512 $ 819,120 $ 1,717,305 $ 1,583,752

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 02, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share	The following table sets forth the computation of basic and diluted earnings per share attributable to Vishay stockholders (shares in thousands) Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Numerator: Net earnings attributable to Vishay stockholders $ 112,388 $ 93,192 $ 215,961 $ 164,627 Denominator: Denominator for basic earnings per share: Weighted average shares 143,773 144,808 144,305 144,784 Outstanding phantom stock units 223 209 222 208 Adjusted weighted average shares 143,996 145,017 144,527 144,992 Effect of dilutive securities: Convertible debt instruments - - - 5 Restricted stock units 401 428 451 456 Dilutive potential common shares 401 428 451 461 Denominator for diluted earnings per share: Adjusted weighted average shares - diluted 144,397 145,445 144,978 145,453 Basic earnings per share attributable to Vishay stockholders $ 0.78 $ 0.64 $ 1.49 $ 1.14 Diluted earnings per share attributable to Vishay stockholders $ 0.78 $ 0.64 $ 1.49 $ 1.13
Weighted Average Potential Common Shares that Would have an Antidilutive Effect or have Unsatisfied Performance Conditions	Diluted earnings per share for the periods presented do not reflect the following weighted average potential common shares that would have an antidilutive effect or have unsatisfied performance conditions (in thousands) Fiscal quarters ended Six fiscal months ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Restricted stock units 333 317 333 317

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 02, 2022
Fair Value Measurements [Abstract]
Fair Value of Assets and Liabilities Carried at Fair Value Measured on Recurring Basis	The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis: Total Fair Value Level 1 Level 2 Level 3 July 2, 2022 Assets: Assets held in rabbi trusts $ 48,144 $ 25,369 $ 22,775 $ - Available for sale securities $ 3,673 3,673 - - Precious metals $ 4,421 4,421 - - $ 56,238 $ 33,463 $ 22,775 $ - December 31, 2021 Assets: Assets held in rabbi trusts $ 59,687 $ 32,713 26,974 $ - Available for sale securities $ 4,455 4,455 - - $ 64,142 $ 37,168 $ 26,974 $ -

Impact of COVID-19 Pandemic (De

Impact of COVID-19 Pandemic (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 02, 2022	Jul. 02, 2022
Impact of COVID-19 Pandemic [Abstract]
COVID-19 Impact on COGS	$ 6,661	$ 6,661
COVID-19 Impact on SGA	$ 546	$ 546

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021	Dec. 31, 2021
Assets and Liabilities [Abstract]
Right of use assets	$ 111,881		$ 111,881		$ 117,635
Current lease liabilities	22,734		22,734		23,392
Long-term lease liabilities	92,208		92,208		99,987
Total lease liabilities	114,942		114,942		123,379
Lease expense [Abstract]
Operating lease expense	6,304	$ 6,248	12,756	$ 12,400
Short-term lease expense	236	428	540	753
Variable lease expense	0	66	100	193
Total lease expense	$ 6,540	$ 6,742	13,396	13,346
Cash paid for operating leases			$ 12,241	$ 12,176
Weighted-average remaining lease term - operating leases	8 years 7 months 6 days		8 years 7 months 6 days
Weighted-average discount rate - operating leases	5.30%		5.30%
Undiscounted future lease payments for operating lease liabilities [Abstract]
2022	$ 11,879		$ 11,879
2023	22,412		22,412
2024	20,002		20,002
2025	17,247		17,247
2026	15,522		15,522
Thereafter	57,740		57,740
Building and Improvements [Member]
Assets and Liabilities [Abstract]
Right of use assets	107,605		107,605		112,951
Current lease liabilities	20,344		20,344		20,851
Long-term lease liabilities	90,379		90,379		97,890
Machinery and Equipment [Member]
Assets and Liabilities [Abstract]
Right of use assets	4,276		4,276		4,684
Current lease liabilities	2,390		2,390		2,541
Long-term lease liabilities	$ 1,829		$ 1,829		$ 2,097

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 02, 2022	Jul. 02, 2022
Income Taxes [Abstract]
Decrease in liabilities for unrecognized tax benefits		$ 5,102
Income Tax Uncertainties [Abstract]
Cash repatriated during the current period	$ 81,243
Repatriation taxes paid	$ 25,201

Long-Term Debt (Details)

Long-Term Debt (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jul. 02, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($)
Debt Instruments [Abstract]
Credit facility	$ 6,000	$ 0
Deferred financing costs	(8,042)	(9,678)
Long-term debt	463,302	455,666
Less current portion	0	0
Long-term debt, less current portion	463,302	455,666
Convertible Senior Notes, Due 2025 [Member]
Debt Instruments [Abstract]
Convertible debt	$ 465,344	$ 465,344
Issuance date	Jun. 12, 2018
Debt maturity date	Jun. 15, 2025
Cash coupon rate	2.25%
Nonconvertible debt borrowing rate at issuance	5.50%
Effective conversion rate	32.0005
Effective conversion price (in dollars per share) | $ / shares	$ 31.25
130% of the conversion price (in dollars per share) | $ / shares	$ 40.63
Debt instrument percentage of conversion price	130%
Debt instrument percentage of sales price of common stock	98%
Maximum threshold of quarterly cash dividends per share of common stock for not adjusting conversion rate of convertible notes | $ / shares	$ 0.085
Liability and equity components of convertible debentures [Abstract]
Principal amount of debt	$ 465,344

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 02, 2022	Jul. 02, 2022	Dec. 31, 2021
Stockholders' Equity Policy [Abstract]
Treasury Stock, Value, Acquired, Par Value Method	$ 26,288	$ 36,161
Dividends declared	14,339	28,808
Stockholder Return Policy Payments	$ 40,627	$ 64,969
Treasury Stock, Common, Shares	1,913,266	1,913,266	0

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Sales returns and allowances accrual activity [Roll Forward]
Beginning balance	$ 39,161	$ 34,449	$ 39,759	$ 39,629
Sales allowances	19,040	22,043	46,417	45,839
Credits issued	(16,569)	(15,350)	(44,295)	(43,796)
Foreign currency	(857)	120	(1,106)	(410)
Ending balance	$ 40,775	$ 41,262	$ 40,775	$ 41,262

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 02, 2022	Apr. 02, 2022	Jul. 03, 2021	Apr. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Cumulative balance of each component of other comprehensive income (loss) and income tax effects [Roll Forward]
Beginning Balance		$ (20,252)			$ (20,252)
Other comprehensive income before reclassifications					(63,016)
Tax effect					0
Other comprehensive income before reclassifications, net of tax					(63,016)
Amounts reclassified out of AOCI					4,269
Tax effect					(1,345)
Amounts reclassified out of AOCI, net of tax					2,924
Net other comprehensive income	$ (48,167)	(11,925)	$ 11,305	$ (25,085)	(60,092)	$ (13,780)
Ending Balance	(80,344)				(80,344)
Pension and Other Post-Retirement Actuarial Items [Member]
Cumulative balance of each component of other comprehensive income (loss) and income tax effects [Roll Forward]
Beginning Balance		(58,908)			(58,908)
Other comprehensive income before reclassifications					0
Tax effect					0
Other comprehensive income before reclassifications, net of tax					0
Amounts reclassified out of AOCI					4,269
Tax effect					(1,345)
Amounts reclassified out of AOCI, net of tax					2,924
Net other comprehensive income					2,924
Ending Balance	(55,984)				(55,984)
Currency Translation Adjustment [Member]
Cumulative balance of each component of other comprehensive income (loss) and income tax effects [Roll Forward]
Beginning Balance		38,656			38,656
Other comprehensive income before reclassifications					(63,016)
Tax effect					0
Other comprehensive income before reclassifications, net of tax					(63,016)
Amounts reclassified out of AOCI					0
Tax effect					0
Amounts reclassified out of AOCI, net of tax					0
Net other comprehensive income					(63,016)
Ending Balance	(24,360)				(24,360)
Accumulated Other Comprehensive Income (Loss) [Member]
Cumulative balance of each component of other comprehensive income (loss) and income tax effects [Roll Forward]
Beginning Balance		(20,252)			(20,252)
Net other comprehensive income	(48,167)	$ (11,925)	$ 11,305	$ (25,085)
Ending Balance	$ (80,344)				$ (80,344)

Pensions and Other Postretire_3

Pensions and Other Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Defined Benefit Pension Plans [Member] | U.S. Plans [Member]
Components of net periodic pension cost [Abstract]
Net service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	281	254	561	508
Expected return on plan assets	0	0	0	0
Amortization of prior service cost (credit)	36	36	72	72
Amortization of losses (gains)	426	446	853	893
Curtailment and settlement losses	0	0	0	0
Net periodic benefit cost	743	736	1,486	1,473
Defined Benefit Pension Plans [Member] | Non-U.S. Plans [Member]
Components of net periodic pension cost [Abstract]
Net service cost	1,068	1,191	2,185	2,381
Interest cost	813	754	1,665	1,508
Expected return on plan assets	(440)	(419)	(900)	(836)
Amortization of prior service cost (credit)	53	50	109	101
Amortization of losses (gains)	1,205	1,887	2,476	3,771
Curtailment and settlement losses	265	202	544	401
Net periodic benefit cost	2,964	3,665	6,079	7,326
Other Postretirement Benefits [Member] | U.S. Plans [Member]
Components of net periodic pension cost [Abstract]
Net service cost	9	26	19	51
Interest cost	44	41	89	82
Amortization of losses (gains)	85	13	171	26
Net periodic benefit cost	138	80	279	159
Other Postretirement Benefits [Member] | Non-U.S. Plans [Member]
Components of net periodic pension cost [Abstract]
Net service cost	60	70	123	141
Interest cost	14	11	29	22
Amortization of losses (gains)	21	30	44	59
Net periodic benefit cost	$ 95	$ 111	$ 196	$ 222

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense recognized		$ 1,047	$ 828	$ 4,889	$ 4,948
Unrecognized Compensation Cost		4,896		4,896
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense recognized		1,047	828	4,667	4,739
Unrecognized Compensation Cost		$ 4,896		$ 4,896
Weighted Average Remaining Amortization Periods				10 months 24 days
Number of units [Abstract]
Outstanding (in shares)				877
Granted (in shares)				336
Vested (in shares)	[1]			(306)
Cancelled or forfeited (in shares)				(13)
Outstanding (in shares)		894		894
Expected to vest (in shares)		894		894
Weighted Average Grant-date Fair Value per Unit [Abstract]
Outstanding (in dollars per share)				$ 20.08
Granted (in dollars per share)				19.13
Vested (in dollars per share)	[1]			20.04
Cancelled or forfeited (in dollars per share)				20.50
Outstanding (in dollars per share)		$ 19.73		$ 19.73
Phantom Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense recognized		$ 0	$ 0	$ 222	$ 209
Unrecognized Compensation Cost		$ 0		$ 0
Number of units [Abstract]
Outstanding (in shares)				212
Granted (in shares)				10
Dividend equivalents issued (in shares)				2
Outstanding (in shares)		224		224
Weighted Average Grant-date Fair Value per Unit [Abstract]
Granted (in dollars per share)				$ 22.20
Scheduled to Vest January 1, 2023 [Member] | Performance Vested Restricted Stock Units [Member]
Number of units [Abstract]
Outstanding (in shares)		152		152
Expected to vest (in shares)		152		152
Not expected to vest (in shares)		0		0
Scheduled to Vest January 1, 2024 [Member] | Performance Vested Restricted Stock Units [Member]
Number of units [Abstract]
Outstanding (in shares)		165		165
Expected to vest (in shares)		165		165
Not expected to vest (in shares)		0		0
Scheduled to Vest January 1, 2025 [Member] | Performance Vested Restricted Stock Units [Member]
Number of units [Abstract]
Outstanding (in shares)		168		168
Expected to vest (in shares)		168		168
Not expected to vest (in shares)		0		0
[1] The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Segment Reporting Information [Line Items]
Net revenues	$ 863,512	$ 819,120	$ 1,717,305	$ 1,583,752
Unallocated Selling, General, and Administrative Expenses	(110,400)	(103,900)	(223,255)	(209,585)
Operating income	150,823	125,372	297,076	222,636
Unallocated Other Income (Expense)	(2,927)	(8,192)	(12,900)	(18,299)
Consolidated Income Before Taxes	147,896	117,180	284,176	204,337
Distributors [Member]
Segment Reporting Information [Line Items]
Net revenues	515,714	492,809	1,013,583	916,934
OEMs [Member]
Segment Reporting Information [Line Items]
Net revenues	288,695	277,418	586,124	572,055
EMS Companies [Member]
Segment Reporting Information [Line Items]
Net revenues	59,103	48,893	117,598	94,763
Industrial [Member]
Segment Reporting Information [Line Items]
Net revenues	350,955	322,133	688,324	592,934
Automotive [Member]
Segment Reporting Information [Line Items]
Net revenues	253,672	247,029	513,173	503,002
Telecommunications [Member]
Segment Reporting Information [Line Items]
Net revenues	28,883	22,956	59,896	47,858
Computing [Member]
Segment Reporting Information [Line Items]
Net revenues	57,035	64,632	124,966	124,531
Consumer Products [Member]
Segment Reporting Information [Line Items]
Net revenues	43,147	43,609	81,855	84,404
Power Supplies [Member]
Segment Reporting Information [Line Items]
Net revenues	41,144	42,045	81,426	77,291
Military and Aerospace [Member]
Segment Reporting Information [Line Items]
Net revenues	55,703	43,173	102,201	84,711
Medical [Member]
Segment Reporting Information [Line Items]
Net revenues	32,973	33,543	65,464	69,021
Asia [Member]
Segment Reporting Information [Line Items]
Net revenues	344,770	347,343	688,782	669,803
Europe [Member]
Segment Reporting Information [Line Items]
Net revenues	275,965	268,828	565,949	537,151
Americas [Member]
Segment Reporting Information [Line Items]
Net revenues	242,777	202,949	462,574	376,798
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	227,033	195,077	451,884	363,844
Operating Segments [Member] | MOSFETS [Member]
Segment Reporting Information [Line Items]
Net revenues	158,395	167,937	331,069	321,160
Operating income	44,602	37,510	93,126	64,717
Operating Segments [Member] | Diodes [Member]
Segment Reporting Information [Line Items]
Net revenues	192,083	174,815	374,417	331,993
Operating income	48,513	36,120	88,939	64,941
Operating Segments [Member] | Optoelectronic Components [Member]
Segment Reporting Information [Line Items]
Net revenues	77,936	75,795	158,952	153,566
Operating income	22,395	20,152	50,554	41,362
Operating Segments [Member] | Resistors [Member]
Segment Reporting Information [Line Items]
Net revenues	213,176	194,722	420,208	381,324
Operating income	63,650	51,365	121,793	98,741
Operating Segments [Member] | Inductors [Member]
Segment Reporting Information [Line Items]
Net revenues	89,608	85,539	172,385	168,997
Operating income	26,914	26,244	49,113	51,534
Operating Segments [Member] | Capacitors [Member]
Segment Reporting Information [Line Items]
Net revenues	132,314	120,312	260,274	226,712
Operating income	27,620	23,686	55,020	42,549
Operating Segments [Member] | Corporate Other [Member]
Segment Reporting Information [Line Items]
Net revenues	0	0	0	0
Operating income	(6,661)	0	(6,661)	0
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Impact of COVID-19 Pandemic on Selling, General, and Administrative Expenses	(546)	0	(546)	0
Unallocated Selling, General, and Administrative Expenses	(75,664)	(69,705)	(154,262)	(141,208)
Unallocated Other Income (Expense)	$ (2,927)	$ (8,192)	$ (12,900)	$ (18,299)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Numerator [Abstract]
Net earnings attributable to Vishay stockholders	$ 112,388	$ 93,192	$ 215,961	$ 164,627
Denominator [Abstract]
Weighted average shares (in shares)	143,773	144,808	144,305	144,784
Outstanding phantom stock units (in shares)	223	209	222	208
Adjusted weighted average shares - basic (in shares)	143,996	145,017	144,527	144,992
Effect of dilutive securities [Abstract]
Convertible and exchangeable debt instruments (in shares)	0	0	0	5
Restricted stock units (in shares)	401	428	451	456
Dilutive potential common shares (in shares)	401	428	451	461
Denominator for diluted earnings per share [Abstract]
Adjusted weighted average shares - diluted (in shares)	144,397	145,445	144,978	145,453
Basic earnings per share attributable to Vishay stockholders (in dollars per share)	$ 0.78	$ 0.64	$ 1.49	$ 1.14
Diluted earnings per share attributable to Vishay stockholders (in dollars per share)	$ 0.78	$ 0.64	$ 1.49	$ 1.13
Weighted Average Other [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	333	317	333	317

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jul. 02, 2022	Jul. 02, 2022	Dec. 31, 2021
Assets [Abstract]
Held-to-maturity Securities Transferred		$ 0	$ 0
Held-to-maturity Securities, Unrecognized Holding Gain	$ 0	0	0
Other than Temporary Impairment Losses, Investments, Held-to-maturity Securities	0		0
Held-to-maturity Securities, Unrecognized Holding Loss	0	0	0
Liabilities [Abstract]
Long-term debt, fair value	446,100	446,100	485,500
Carrying value of long-term debt, excluding derivative liabilities	471,344	471,344	465,344
Derivative, Notional Amount	0	0	100,000
Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Assets held in rabbi trusts	48,144	48,144	59,687
Available for sale securities	3,673	3,673	4,455
Precious metals	4,421	4,421
Fair value assets	56,238	56,238	64,142
Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Assets held in rabbi trusts	25,369	25,369	32,713
Available for sale securities	3,673	3,673	4,455
Precious metals	4,421	4,421
Fair value assets	33,463	33,463	37,168
Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Assets held in rabbi trusts	22,775	22,775	26,974
Available for sale securities	0	0	0
Precious metals	0	0
Fair value assets	22,775	22,775	26,974
Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Assets held in rabbi trusts	0	0	0
Available for sale securities	0	0	0
Precious metals	0	0
Fair value assets	$ 0	$ 0	$ 0