Company: PLPC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000080035-25-000022
Chunk: 19

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 2025.  The Company performed an interim impairment assessment and based on this review, the estimated fair value of the EMEA reporting unit exceeded its carrying amount by approximately 30%. The interim impairment assessment was performed using the same methodologies as the annual assessments discussed above and included revised forecasts, which are subject to various risks and uncertainties, including forecasted revenue, expenses and cash flows. Accordingly, management concluded that no impairment of goodwill was required for the EMEA reporting unit as of September 30, 2025.No indicators of impairment were identified for the Company's other reporting units for the period ending September 30, 2025. The Company’s only intangible asset with an indefinite life is goodwill. The Company’s goodwill is not deductible for tax purposes. Changes in the carrying amount of goodwill by reporting unit are shown in the following table: PLP-USAThe Americas EMEAAsia-PacificTotal Balance at January 1, 2025$3,078 $8,858 $14,749 $— $26,685 Acquisitions— 720 — — 720 Currency translation— 937 2,138 — 3,075 Balance at September 30, 2025$3,078 $10,515 $16,887 $— $30,480 

NOTE 12 - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIESFair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to satisfy a liability in an orderly transaction between market participants. The Company measures and records certain assets and liabilities at fair value. A fair value hierarchy is used for those assets and liabilities measured at fair value that distinguishes between assumptions based on market data (observable inputs), and the Company’s assumptions (unobservable inputs). The hierarchy consists of the following three levels: (Level 1 Inputs) quoted market prices in active markets for identical assets or liabilities; (Level 2 Inputs) observable market-based inputs or unobservable inputs that are corroborated by market data; and (Level 3 Inputs) unobservable inputs that are not corroborated by market data.The following table summarizes the Company’s assets and liabilities, recorded and measured at fair value, in the Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024:DescriptionBalance as ofSeptember 30, 2025Quoted Prices in Active Markets forIdentical Assets or Liabilities(Level