XML 104 R22.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | Note M - Segment Information The Company designs, manufactures and sells hardware employed in the construction and maintenance of telecommunication, energy and other utility networks, data communication products and mounting hardware for solar power applications. Principal products include cable anchoring, control hardware and splice enclosures, which are sold primarily to customers in North and South America, Europe, South Africa and Asia-Pacific. The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in Financial Accounting Standards Board “FASB” Accounting Standards Codification “ASC” 280, “Segment Reporting”. Each segment distributes a full range of the Company’s primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Company’s traditional products primarily supporting domestic energy, telecommunications and solar products. The other three segments, The Americas, EMEA and Asia-Pacific support the Company’s energy, telecommunications, data communication and solar products in each respective geographical region. The segment managers responsible for each region report directly to the Company’s Chief Executive Officer, who is the chief operating decision maker and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire company rather than the results of any individual business component of the segment. The amount of each segment’s performance reported to the chief operating decision maker is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on sales and income from continuing operations, net of tax. The accounting policies of the operating segments are the same as those described in Note A in the Notes to Consolidated Financial Statements. No single customer accounts for more than ten percent of the Company’s consolidated revenue. U.S. net sales for the year ended December 31, 2019, 2018, and 2017 were $178.3 million, $169.0 million and $147.6 million, respectively. U.S. long-lived assets as of December 31, 2019 and 2018 were $51.1 million and $51.5 million, respectively. The following table presents a summary of the Company’s reportable segments for the year ended December 31, 2019, 2018 and 2017. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.
|  | Year Ended December 31 |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  | $ | 178,301 |  |  | $ | 169,040 |  |  | $ | 147,646 |
The Americas |  |  | 68,293 |  |  |  | 66,868 |  |  |  | 69,764 |
EMEA |  |  | 79,158 |  |  |  | 69,773 |  |  |  | 63,916 |
Asia-Pacific |  |  | 119,109 |  |  |  | 115,197 |  |  |  | 96,886 |
Total net sales |  | $ | 444,861 |  |  | $ | 420,878 |  |  | $ | 378,212 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  | $ | 10,757 |  |  | $ | 11,648 |  |  | $ | 12,234 |
The Americas |  |  | 7,774 |  |  |  | 9,480 |  |  |  | 5,570 |
EMEA |  |  | 1,375 |  |  |  | 1,664 |  |  |  | 1,120 |
Asia-Pacific |  |  | 12,720 |  |  |  | 11,907 |  |  |  | 8,596 |
Total intersegment sales |  | $ | 32,626 |  |  | $ | 34,699 |  |  | $ | 27,520 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
The Americas |  |  | 412 |  |  |  | 273 |  |  |  | 283 |
EMEA |  |  | 192 |  |  |  | 102 |  |  |  | 47 |
Asia-Pacific |  |  | 179 |  |  |  | 111 |  |  |  | 100 |
Total interest income |  | $ | 783 |  |  | $ | 486 |  |  | $ | 430 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  | $ | (972 | ) |  | $ | (1,023 | ) |  | $ | (941 | )
The Americas |  |  | (466 | ) |  |  | (111 | ) |  |  | (10 | )
EMEA |  |  | (149 | ) |  |  | (58 | ) |  |  | (31 | )
Asia-Pacific |  |  | (630 | ) |  |  | (98 | ) |  |  | (79 | )
Total interest expense |  | $ | (2,217 | ) |  | $ | (1,290 | ) |  | $ | (1,061 | )
Income taxes |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  | $ | 3,299 |  |  | $ | 367 |  |  | $ | 7,142 |
The Americas |  |  | 2,551 |  |  |  | 3,349 |  |  |  | 3,593 |
EMEA |  |  | 616 |  |  |  | 1,204 |  |  |  | 1,583 |
Asia-Pacific |  |  | 1,656 |  |  |  | 1,087 |  |  |  | 834 |
Total income taxes |  | $ | 8,122 |  |  | $ | 6,007 |  |  | $ | 13,152 |
Net income (loss) attributable to Preformed Line Products Company shareholders |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  | $ | 8,054 |  |  | $ | 9,900 |  |  | $ | (2,367 | )
The Americas |  |  | 6,657 |  |  |  | 8,479 |  |  |  | 8,169 |
EMEA |  |  | 2,935 |  |  |  | 3,527 |  |  |  | 4,088 |
Asia-Pacific |  |  | 5,657 |  |  |  | 4,675 |  |  |  | 2,764 |
Total net income |  | $ | 23,303 |  |  | $ | 26,581 |  |  | $ | 12,654 |
|  | Year Ended December 31 |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Expenditure for long-lived assets |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  | $ | 4,928 |  |  | $ | 3,672 |  |  | $ | 4,474 |
The Americas |  |  | 2,864 |  |  |  | 1,746 |  |  |  | 1,272 |
EMEA |  |  | 5,304 |  |  |  | 1,591 |  |  |  | 2,329 |
Asia-Pacific |  |  | 16,371 |  |  |  | 2,519 |  |  |  | 3,158 |
Total expenditures for long-lived assets |  | $ | 29,467 |  |  | $ | 9,528 |  |  | $ | 11,233 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  | $ | 5,393 |  |  | $ | 5,452 |  |  | $ | 5,389 |
The Americas |  |  | 1,862 |  |  |  | 1,488 |  |  |  | 1,985 |
EMEA |  |  | 2,528 |  |  |  | 1,808 |  |  |  | 1,678 |
Asia-Pacific |  |  | 3,965 |  |  |  | 3,696 |  |  |  | 3,738 |
Total depreciation and amortization |  | $ | 13,748 |  |  | $ | 12,444 |  |  | $ | 12,790 |
|  | As of December 31 |
|  | 2019 |  |  | 2018 |
Identifiable assets |  |  |  |  |  |  |  |
PLP-USA |  | $ | 127,428 |  |  | $ | 118,171 |
The Americas |  |  | 71,908 |  |  |  | 69,764 |
EMEA |  |  | 97,126 |  |  |  | 57,263 |
Asia-Pacific |  |  | 137,109 |  |  |  | 113,599 |
Total identifiable assets |  | $ | 433,571 |  |  | $ | 358,797 |
Long-lived assets |  |  |  |  |  |  |  |
PLP-USA |  | $ | 51,097 |  |  | $ | 51,506 |
The Americas |  |  | 15,874 |  |  |  | 14,847 |
EMEA |  |  | 16,419 |  |  |  | 11,768 |
Asia-Pacific |  |  | 40,628 |  |  |  | 24,834 |
Total long-lived assets |  | $ | 124,018 |  |  | $ | 102,955 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration