XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 30,530us-gaap_CashAndCashEquivalentsAtCarryingValue $ 29,643us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, less allowances of $2,383 ($2,370 in 2014) 63,426us-gaap_AccountsReceivableNetCurrent 67,942us-gaap_AccountsReceivableNetCurrent
Inventories - net 76,097us-gaap_InventoryNet 80,037us-gaap_InventoryNet
Deferred income taxes 8,052us-gaap_DeferredTaxAssetsNetCurrent 7,249us-gaap_DeferredTaxAssetsNetCurrent
Prepaids 4,963us-gaap_PrepaidExpenseCurrent 6,926us-gaap_PrepaidExpenseCurrent
Prepaid taxes 3,877us-gaap_PrepaidTaxes 2,241us-gaap_PrepaidTaxes
Other current assets 4,262us-gaap_OtherAssetsCurrent 6,625us-gaap_OtherAssetsCurrent
TOTAL CURRENT ASSETS 191,207us-gaap_AssetsCurrent 200,663us-gaap_AssetsCurrent
Property, plant and equipment - net 97,886us-gaap_PropertyPlantAndEquipmentNet 102,531us-gaap_PropertyPlantAndEquipmentNet
Patents and other intangibles - net 13,016us-gaap_FiniteLivedIntangibleAssetsNet 14,121us-gaap_FiniteLivedIntangibleAssetsNet
Goodwill 16,958us-gaap_Goodwill 17,792us-gaap_Goodwill
Deferred income taxes 7,044us-gaap_DeferredTaxAssetsNetNoncurrent 5,773us-gaap_DeferredTaxAssetsNetNoncurrent
Other assets 11,758us-gaap_OtherAssetsNoncurrent 13,087us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS 337,869us-gaap_Assets 353,967us-gaap_Assets
LIABILITIES AND SHAREHOLDERS' EQUITY    
Notes payable to banks 1,735us-gaap_NotesPayableToBankCurrent 1,809us-gaap_NotesPayableToBankCurrent
Current portion of long-term debt 111us-gaap_LongTermDebtCurrent 116us-gaap_LongTermDebtCurrent
Trade accounts payable 19,572us-gaap_AccountsPayableTradeCurrent 22,332us-gaap_AccountsPayableTradeCurrent
Accrued compensation and amounts withheld from employees 10,318us-gaap_EmployeeRelatedLiabilitiesCurrent 9,876us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued expenses and other liabilities 12,044us-gaap_AccruedLiabilitiesCurrent 13,021us-gaap_AccruedLiabilitiesCurrent
Accrued profit-sharing and other benefits 2,521us-gaap_DeferredCompensationLiabilityCurrent 5,151us-gaap_DeferredCompensationLiabilityCurrent
Dividends payable 1,110us-gaap_DividendsPayableCurrent 1,220us-gaap_DividendsPayableCurrent
Income taxes payable and deferred income taxes 1,305plpc_AccruedIncomeTaxesAndDeferredTaxLiabilitiesCurrent 1,802plpc_AccruedIncomeTaxesAndDeferredTaxLiabilitiesCurrent
TOTAL CURRENT LIABILITIES 48,716us-gaap_LiabilitiesCurrent 55,327us-gaap_LiabilitiesCurrent
Long-term debt, less current portion 30,741us-gaap_LongTermDebtNoncurrent 31,749us-gaap_LongTermDebtNoncurrent
Unfunded pension obligation 12,423us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 12,503us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Income taxes payable 1,726us-gaap_LiabilityForUncertainTaxPositionsNoncurrent 1,735us-gaap_LiabilityForUncertainTaxPositionsNoncurrent
Deferred income taxes 4,541us-gaap_DeferredTaxLiabilitiesNoncurrent 3,283us-gaap_DeferredTaxLiabilitiesNoncurrent
Other noncurrent liabilities 6,355us-gaap_OtherLiabilitiesNoncurrent 6,445us-gaap_OtherLiabilitiesNoncurrent
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,393,371 and 5,397,138 issued and outstanding, net of 824,011 and 819,424 treasury shares at par, respectively, at March 31, 2015 and December 31, 2014 10,787us-gaap_CommonStockValue 10,794us-gaap_CommonStockValue
Common shares issued to rabbi trust, 289,942 and 292,609 shares at March 31, 2015 and December 31, 2014 (11,617)us-gaap_CommonStockSharesHeldInEmployeeTrust (11,790)us-gaap_CommonStockSharesHeldInEmployeeTrust
Deferred compensation liability 11,617plpc_DeferredCompensationLiability 11,790plpc_DeferredCompensationLiability
Paid-in capital 23,342us-gaap_AdditionalPaidInCapitalCommonStock 22,795us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 242,900us-gaap_RetainedEarningsAccumulatedDeficit 244,470us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (43,662)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (35,134)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
TOTAL SHAREHOLDERS' EQUITY 233,367us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 242,925us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 337,869us-gaap_LiabilitiesAndStockholdersEquity $ 353,967us-gaap_LiabilitiesAndStockholdersEquity