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Pension Plans
6 Months Ended
Jun. 30, 2017
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 pension cost for this plan included the following components:

 

 

 

Three Months Ended June 30

 

 

Six Months Ended June 30

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Service cost

 

$

72

 

 

$

55

 

 

$

127

 

 

$

110

 

Interest cost

 

 

363

 

 

 

364

 

 

 

729

 

 

 

729

 

Expected return on plan assets

 

 

(476

)

 

 

(449

)

 

 

(951

)

 

 

(899

)

Recognized net actuarial loss

 

 

131

 

 

 

123

 

 

 

248

 

 

 

246

 

Net periodic pension cost

 

$

90

 

 

$

93

 

 

$

153

 

 

$

186

 

 

No contributions were made to the Plan during the six months ended June 30, 2017. The Company does not anticipate contributing additional funding to the Plan in 2017.