Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 16

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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,Six Months Ended June 30,2025202420252024NumeratorNet income$12,705 $9,366 $24,222 $18,962 DenominatorDetermination of shares (in thousands)Weighted-average common shares outstanding4,9324,9154,9304,915Dilutive effect – share-based awards23492540Diluted weighted-average common shares outstanding4,9554,9644,9554,955Earnings per common shareBasic$2.58 $1.91 $4.91 $3.86 Diluted$2.56 $1.89 $4.89 $3.83 

For the three months ended June 30, 2025 and 2024, there were 13,293 and 5,570 share-based awards respectively, excluded from the calculation of diluted earnings per share as the effect would have been anti-dilutive. For the six months ended June 30, 2025 and 2024, there were 7,500 and zero share-based awards excluded from the calculation of diluted earnings per share as there was no anti-dilutive effect.

NOTE 11 - GOODWILL AND OTHER INTANGIBLESThe Company’s finite and indefinite-lived intangible assets consist of the following:June 30, 2025December 31, 2024Gross CarryingAmountAccumulatedAmortization Gross CarryingAmountAccumulatedAmortization Finite-lived intangible assetsPatents$4,806 $(4,806)$4,806 $(4,806)Land use rights722 (142)637 (122)Trademark1,950 (1,714)1,910 (1,685)Technology7,240 (4,537)6,582 (3,933)Customer relationships18,684 (12,237)17,399 (11,132)$33,402 $(23,436)$31,334 $(21,678)Indefinite-lived intangible assetsGoodwill$29,518 $26,685 The Company’s measurement date for its annual impairment test for goodwill is October 1st of each year. The Company performs additional interim impairment assessments as circumstances warrant. There were no indicators of impairment noted for the period ending June 30, 2025. The Company may use both quantitative and qualitative approaches when testing goodwill for impairment. For selected