XML 95 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6

Pension Plans (Tables)

12 Months Ended

Dec. 31, 2012

Pension Plans [Abstract]

Components of net periodic pension cost

Net periodic pension cost for the Plan consists of the following components for the years ended December 31:

		2012				2011				2010
Service cost		$	1,300			$	1,003			$	813
Interest cost			1,411				1,373				1,195
Expected return on plan assets			(1,186	)			(1,089	)			(960	)
Recognized net actuarial loss			750				412				280
Net periodic pension cost		$	2,275			$	1,699			$	1,328

Projected benefit obligation and fair value of plan assets

The following tables set forth benefit obligations, plan assets and the accrued benefit cost of the Plan at December 31:

		2012				2011
Projected benefit obligation at beginning of the year		$	30,863			$	23,665
Service cost			1,300				1,003
Interest cost			1,411				1,373
Actuarial loss			4,859				5,364
Gain on curtailment			(6,275	)			0
Benefits paid			(568	)			(542	)
Projected benefit obligation at end of year		$	31,590			$	30,863
Fair value of plan assets at beginning of the year		$	15,077			$	14,192
Actual return on plan assets			1,748				297
Employer contributions			2,149				1,130
Benefits paid			(568	)			(542	)
Fair value of plan assets at end of the year		$	18,406			$	15,077
Unfunded pension obligation		$	13,184			$	15,786

Amount recognized in accumulated other comprehensive loss related to pension plan

In accordance with ASC 715-20, the Company recognizes the underfunded status the Plan as a liability. The amount recognized in Accumulated other comprehensive loss related to the Plan at December 31 is comprised of the following:

		2012				2011
Balance at January 1		$	(8,000	)		$	(4,431	)
Reclassification adjustments:
Pretax amortized net actuarial loss			750				412
Tax provision			(284	)			(156	)
			466				256
Adjustment to recognize (loss) gain on unfunded pension obligations:
Pretax (loss) gain			(4,297	)			(6,156	)
Tax (benefit)			1,627				2,331
			(2,670	)			(3,825	)
Adjustment to recognized the gain on curtailment of the pension plan:
Pretax curtailment gain			6,275				0
Tax provision			(2,376	)			0
			3,899				0
Balance at December 31		$	(6,305	)		$	(8,000	)

Accumulated benefit obligations in excess of plan assets

The Plan had accumulated benefit obligations in excess of Plan assets as follows:

		2012				2011
Accumulated benefit obligation		$	31,590			$	26,302
Fair market value of assets			18,406				15,077

Weighted-average assumptions used to determine benefit obligations

Weighted-average assumptions used to determine benefit obligations at December 31 are as follows:

		2012				2011
Discount rate			4.00	%			4.50	%
Rate of compensation increase			n/a				2.50

Weighted-average assumptions used to determine net periodic benefit cost

Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31 are as follows:

		2012				2011				2010
Discount rate			4.50	%			5.60	%			6.00	%
Rate of compensation increase			2.50				3.50				3.50
Expected long-term return on plan assets			8.00				8.00				8.00

Fair value of the Company's pension plan assets

At December 31, 2012, the fair value of the Company’s pension plan assets included inputs in Level 1: Quoted market prices in active markets for identical assets or liabilities, and Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. The fair value of the Company’s pension plan assets as of December 31, 2012 and 2011, by category, are as follows:

		At December 31, 2012
		Total Assets at Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Asset Category
Cash		$	464			$	464			$	0			$	0
Equity Securities			6,121				6,121				0				0
U.S. Treasury Bonds			4,205				4,205				0				0
Mutual Funds—Equity			4,944				4,944				0				0
Corporate Bonds			2,640				0				2,640				0
Mortgage-Backed Securities			32				0				32				0
Total		$	18,406			$	15,734			$	2,672			$	0

		At December 31, 2011
		Total Assets at Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Asset Category
Cash		$	304			$	304			$	0			$	0
Equity Securities			5,445				5,445				0				0
U.S. Treasury Bonds			1,880				1,880				0				0
Agency Bonds			905				905				0				0
Etf-Equity			458				458				0				0
Mutual Funds—Equity			3,226				3,226				0				0
Corporate Bonds			2,827				0				2,827				0
Mortgage-Backed Securities			32				0				32				0
Total		$	15,077			$	12,218			$	2,859			$	0

Weighted-average asset allocations of pension plan assets

The Company’s pension plan weighted-average asset allocations at December 31, 2012 and 2011, by asset category, are as follows:

		Plan assets
		at December 31
		2012				2011
Asset category
Equity securities			60	%			61	%
Debt securities			37				37
Cash and equivalents			3				2
			100	%			100	%

Weighted-average target allocations of pension plans

In recognition of the expected returns and volatility from financial assets, retirement plan assets are invested in the following ranges with the target allocation noted:

		Range				Target
Equities			30-80	%			60	%
Fixed Income			20-70	%			40	%
Cash Equivalents			0-10	%

Aggregate benefits expected to be paid out of plan assets

The benefits expected to be paid out of the Plan assets in each of the next five years and the aggregate benefits expected to be paid for the subsequent five years are as follows:

Year		Pension Benefits
2013		$	648,924
2014			710,806
2015			744,577
2016			858,720
2017			933,449
2018-2022			5,982,583

X

- Definition

Disclosures of the pension accumulated benefit obligation and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position.

+ References

No definition available.

+ Details

Name:	plpc_PensionPlanWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAndFairValueOfAssetsTableTextBlock
Namespace Prefix:	plpc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of actual allocation of plan assets by asset category.

+ References

No definition available.

+ Details

Name:	plpc_ScheduleOfActualAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	plpc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation, including assumed discount rates and rate increase in compensation increase.

+ References

No definition available.

+ Details

Name:	plpc_ScheduleOfAssumptionsUsedForBenefitObligationTableTextBlock
Namespace Prefix:	plpc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

No definition available.

+ Details

Name:	plpc_ScheduleOfAssumptionsUsedToDetermineNetPeriodicBenefitCostTableTextBlock
Namespace Prefix:	plpc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits and tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

No definition available.

+ Details

Name:	plpc_ScheduleOfChangesInProjectedBenefitObligationsAndFairValueOfAssetsTableTextBlock
Namespace Prefix:	plpc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14A

-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (d)(5)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (f)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (h)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration