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Pension Plans
9 Months Ended
Sep. 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 September 30      Nine Months Ended September 30  
     2016      2015      2016      2015  

Service cost

   $ 42       $ 88       $ 152       $ 142   

Interest cost

     370         361         1,099         1,077   

Expected return on plan assets

     (470      (456      (1,369      (1,386

Recognized net actuarial loss

     146         158         392         436   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

   $ 88       $ 151       $ 274       $ 269   
  

 

 

    

 

 

    

 

 

    

 

 

 

The Company made $1.0 million in contributions to the Plan during the nine months ended September 30, 2016. The Company does not anticipate contributing additional funding to the Plan in 2016.