Company: PLPC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021769
Chunk: 25

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 not record any new uncertain tax positions.

NOTE 10 - COMPUTATION OF EARNINGS PER SHAREBasic earnings per share were computed by dividing net income by the weighted-average number of common shares outstanding for each respective period. Diluted earnings per share were calculated by dividing net income by the weighted-average of all potentially dilutive common shares that were outstanding during the periods presented.The calculation of basic and diluted earnings per share for the three months ended March 31, was as follows:Three Months Ended March 31,20252024NumeratorNet income$11,517 $9,596 DenominatorDetermination of shares (in thousands)Weighted-average common shares outstanding4,9284,915Dilutive effect – share-based awards2229Diluted weighted-average common shares outstanding4,9504,944Earnings per common shareBasic$2.34 $1.95 Diluted$2.33 $1.94 

For the three months ended March 31, 2025 and 2024, there were 7,500 and zero share-based awards, respectively, excluded from the calculation of diluted earnings per share as the effect would have been anti-dilutive. 

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NOTE 11 - GOODWILL AND OTHER INTANGIBLESThe Company’s finite and indefinite-lived intangible assets consist of the following:March 31, 2025December 31, 2024Gross CarryingAmountAccumulatedAmortization Gross CarryingAmountAccumulatedAmortization Finite-lived intangible assetsPatents$4,806 $(4,806)$4,806 $(4,806)Land use rights679 (132)637 (122)Trademark1,924 (1,694)1,910 (1,685)Technology6,777 (4,151)6,582 (3,933)Customer relationships17,882 (11,549)17,399 (11,132)$32,068 $(22,332)$31,334 $(21,678)Indefinite-lived intangible assetsGoodwill$27,746 $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 March 31, 2025. The Company may use both quantitative and qualitative approaches when testing goodwill for impairment.