Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 12

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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.S. Plan by providing lump-sum payments of $13.1 million to eligible participants who elected to receive them, and the Company expects to settle the remaining future obligations under the U.S. Plan through the purchase of annuity contracts from one or more highly rated insurance companies in the third quarter of 2025. The Company estimates that it will record a total non-cash pre-tax charge associated with the U.S. Plan termination during the third quarter of 2025 of between $8.5 million and $9.5 million, which primarily represents the acceleration of deferred charges currently accrued in accumulated other comprehensive loss. Prior to termination, the Company expects to contribute between $2.5 million and $3.5 million to fully fund the U.S. Plan. There were no contributions to the U.S. Plan during the six months ended June 30, 2025 and 2024.

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NOTE 7 - ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI")The following tables set forth the total changes in AOCI by component, net of tax:Three Months Ended June 30, 2025Three Months Ended June 30, 2024UnrecognizedBenefit Cost CumulativeTranslationAdjustment Total UnrecognizedBenefit Cost CumulativeTranslationAdjustment Total Balance at April 1$(5,250)$(70,865)$(76,115)$(4,389)$(62,393)$(66,782)Other comprehensive income (loss) before reclassifications:Foreign currency translation adjustment— 13,681 13,681 — (5,971)(5,971)Loss on pension asset— — — — — — Amounts reclassified from AOCI:Amortization of defined benefit pension actuarial gain (a)123 — 123 89 — 89 Net current period other comprehensive income (loss)123 13,681 13,804 89 (5,971)(5,882)Balance at June 30$(5,127)$(57,184)$(62,311)$(4,300)$(68,364)$(72,664)Six Months Ended June 30, 2025Six Months Ended June 30, 2024UnrecognizedBenefit Cost CumulativeTranslationAdjustment Total UnrecognizedBenefit Cost CumulativeTranslationAdjustment Total Balance at January 1$(5,373)$(77,536)$(82,909)$(