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Pension Plans
9 Months Ended
Sep. 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 September 30

 

 

Nine Months Ended September 30

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Service cost

 

$

65

 

 

$

42

 

 

$

192

 

 

$

152

 

Interest cost

 

 

363

 

 

 

370

 

 

 

1,092

 

 

 

1,099

 

Expected return on plan assets

 

 

(476

)

 

 

(470

)

 

 

(1,427

)

 

 

(1,369

)

Recognized net actuarial loss

 

 

80

 

 

 

146

 

 

 

324

 

 

 

392

 

Net periodic pension cost

 

$

32

 

 

$

88

 

 

$

181

 

 

$

274

 

 

The Company made $.2 million in contributions to the Plan during the nine months ended September 30, 2017. The Company does not anticipate contributing additional funding to the Plan during the remainder of 2017.