XML 47 R29.htm IDEA: XBRL DOCUMENT v3.3.1.900

Pension Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Components of Net Periodic Benefit Cost

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

		2015				2014				2013
Service cost		$	189			$	118			$	222
Interest cost			1,436				1,362				1,251
Expected return on plan assets			(1,849	)			(1,792	)			(1,436	)
Recognized net actuarial loss			583				16				493
Net periodic pension cost (income)		$	359			$	(296	)		$	530

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:

		2015				2014
Projected benefit obligation at beginning of the year		$	36,193			$	27,525
Service cost			189				118
Interest cost			1,436				1,362
Actuarial (gain) loss			(2,105	)			7,991
Benefits paid			(950	)			(803	)
Projected benefit obligation at end of year		$	34,763			$	36,193
Fair value of plan assets at beginning of the year		$	23,690			$	22,499
Actual return on plan assets			396				1,555
Employer contributions			0				439
Benefits paid			(950	)			(803	)
Fair value of plan assets at end of the year		$	23,136			$	23,690
Unfunded pension obligation		$	11,627			$	12,503

Amount Recognized in Accumulated Other Comprehensive Loss Related to Pension Plan

In accordance with ASC 715-20, the Company recognizes the underfunded status of 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:

		2015				2014
Balance at January 1		$	(6,988	)		$	(1,886	)
Reclassification adjustments:
Pretax amortized net actuarial loss			583				16
Tax provision			(219	)			(6	)
			364				10
Adjustment to recognize gain (loss) on unfunded pension obligations:
Pretax gain (loss)			653				(8,227	)
Tax (benefit) provision			(245	)			3,115
			408				(5,112	)
Balance at December 31		$	(6,216	)		$	(6,988	)

Accumulated Benefit Obligations in Excess of Plan Assets

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

		2015				2014
Accumulated benefit obligation		$	34,763			$	36,193
Fair market value of assets			23,136				23,690

Weighted-Average Assumptions Used to Determine Benefit Obligations

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

		2015				2014
Discount rate			4.25	%			4.00	%
Rate of compensation increase			n/a				n/a

Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost

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

		2015				2014				2013
Discount rate			4.00	%			5.00	%			4.00	%
Rate of compensation increase			n/a				n/a				n/a
Expected long-term return on plan assets			8.00				8.00				8.00

Fair Value of the Plan Assets

The fair value of the Plan assets as of December 31, 2015 and 2014, by category, are as follows:

		At December 31, 2015
		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		$	545			$	545			$	0			$	0
Equity Securities			14,086				14,086				0				0
U.S. Treasury Bonds			3,729				3,729				0				0
Corporate Bonds			4,776				0				4,776				0
Total		$	23,136			$	18,360			$	4,776			$	0

		At December 31, 2014
		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		$	410			$	410			$	0			$	0
Equity Securities			8,231				8,231				0				0
U.S. Treasury Bonds			4,834				4,834				0				0
Mutual Funds - Equity			6,474				6,474				0				0
Corporate Bonds			3,741				0				3,741				0
Total		$	23,690			$	19,949			$	3,741			$	0

Weighted-Average Asset Allocations of Plan Assets

The Plan weighted-average asset allocations at December 31, 2015 and 2014, by asset category, are as follows:

		Plan assets at December 31
		2015				2014
Asset category
Equity securities			61	%			62	%
Debt securities			37				36
Cash and equivalents			2				2
			100	%			100	%

Weighted-Average Target Allocations of Plan Assets

In recognition of the expected returns and volatility from financial assets, 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
2016		$	879
2017			951
2018			1,019
2019			1,104
2020			1,196
2021-2025			7,600

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

- References

No definition available.

+ 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 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=58740216&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 net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ 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 (i)
-URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
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=58740216&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=58740216&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=58740216&loc=d3e1928-114920

+ Details

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