Note 14 Earnings Per Share

 

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 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,

 
  

2025

  

2024

  

2023

 

Numerator:

            
             

Numerator for basic and diluted earnings per share:

            

Net earnings attributable to VPG stockholders

 $5,293  $9,911  $25,707 
             

Denominator:

            
             

Denominator for basic earnings per share:

            

Weighted average shares

  13,261   13,353   13,574 

Effect of dilutive securities:

            

Restricted stock units

  53   33   79 

Dilutive potential common shares

  53   33   79 

Denominator for diluted earnings per share:

            

Adjusted weighted average shares

  13,314   13,386   13,653 
             

Basic earnings per share attributable to VPG stockholders

 $0.40  $0.74  $1.89 
             

Diluted earnings per share attributable to VPG stockholders

 $0.40  $0.74  $1.88 

  

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Feb 25, 2025
2023Feb 29, 2024
2022Mar 1, 2023
2021Mar 4, 2022
2020Mar 11, 2021
2019Mar 11, 2020
2018Mar 14, 2019
2017Mar 15, 2018
2016Mar 16, 2017
2015Mar 9, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.