Company: PLPC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021769
Chunk: 17

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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45 $435,821 Accumulated Other Comprehensive Income (Loss)Common SharesCommon Shares Issued to Rabbi TrustDeferred Compensation LiabilityPaid in CapitalRetained EarningsTreasury SharesCumulative Translation AdjustmentUnrecognized Pension Benefit CostTotal Preformed Line Products Company EquityNoncontrolling InterestsTotal EquityBalance at December 31, 2023$13,607 $(10,183)$10,183 $60,958 $520,154 $(118,249)$(55,828)$(4,478)$416,164 $(8)$416,156 Net income    9,596    9,596 7 9,603 Foreign currency translation adjustment      (6,565) (6,565) (6,565)Pension adjustment, net of tax       89 89  89 Total comprehensive income        3,120 7 3,127 Stock incentive plan activity104   450  (5,452)  (4,898) (4,898)Common shares distributed from rabbi trust of 4,477, net (31)31      —  — Cash dividends declared – $0.20 per share    (1,017)   (1,017) (1,017)Balance at March 31, 2024$13,711 $(10,214)$10,214 $61,408 $528,733 $(123,701)$(62,393)$(4,389)$413,369 $(1)$413,368 

See notes to consolidated financial statements (unaudited). 

7

PREFORMED LINE PRODUCTS COMPANY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(Tables in thousands of dollars, except share and per share data, unless specifically noted)

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIESThe accompanying unaudited consolidated financial statements of Preformed Line Products Company and subsidiaries (the “Company” or “PLPC”) have been prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. This Form 10-Q should be read in conjunction with the consolidated financial