v3.26.1
Note 11 - Earnings Per Share
 6 Months Ended
Jul. 04, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 11 – 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 9), 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):

 

  

Fiscal Quarter Ended

  

Six Fiscal Months Ended

 
  

July 4, 2026

  

June 28, 2025

  

July 4, 2026

  

June 28, 2025

 

Numerator:

                

Numerator for basic earnings per share:

                

Net earnings (loss) attributable to VPG stockholders

 $(1,720) $248  $(2,039) $(694)
                 

Denominator:

                

Denominator for basic earnings per share:

                

Weighted average shares

  13,310   13,263   13,282   13,259 
                 

Effect of dilutive securities:

                

Restricted stock units

  —   46   —   — 

Dilutive potential common shares

  —   46   —   — 
                 

Denominator for diluted earnings per share:

                

Adjusted weighted average shares

  13,310   13,309   13,282   13,259 
                 

Basic earnings (loss) per share attributable to VPG stockholders

 $(0.13) $0.02  $(0.15) $(0.05)
                 

Diluted earnings (loss) per share attributable to VPG stockholders

 $(0.13) $0.02  $(0.15) $(0.05)

 

The Company’s potentially dilutive securities were excluded from the calculation of diluted loss per share for the quarter and six fiscal months ended July 4, 2026, as their inclusion would have had an anti-dilutive effect. The number of restricted stock units that had a potentially dilutive impact was 111 and 97 for the quarter and six fiscal months ended July 4, 2026, respectively, compared to 67 for the six fiscal months ended June 28, 2025.