XML 23 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Pension Plans
6 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension Plans

NOTE C – PENSION PLANS

The Company uses a December 31 measurement date for the Preformed Line Products Company Employees’ Retirement Plan (the “Plan”). Net periodic benefit cost for this plan included the following components:

 

     Three Months Ended June 30      Six Months Ended June 30  
     2016      2015      2016      2015  

Service cost

   $ 55       $ 27       $ 110       $ 54   

Interest cost

     364         358         729         716   

Expected return on plan assets

     (449      (465      (899      (930

Recognized net actuarial loss

     123         139         246         278   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

   $ 93       $ 59       $ 186       $ 118   
  

 

 

    

 

 

    

 

 

    

 

 

 

No contributions were made to the Plan during the six months ended June 30, 2016. The Company does not anticipate contributing to the Plan in 2016.