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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 38,929 $ 43,609
Accounts receivable, less allowances of $3,849 ($3,178 in 2018) 83,517 73,139
Inventories - net 95,718 85,259
Prepaids 6,921 6,205
Prepaid taxes 2,601 3,169
Other current assets 4,289 2,882
TOTAL CURRENT ASSETS 231,975 214,263
Property, plant and equipment - net 124,018 102,955
Operating lease, right-of-use assets 12,453 0
Intangibles - net 15,116 8,458
Goodwill 27,840 15,621
Deferred income taxes 7,564 6,900
Other assets 14,605 10,600
TOTAL ASSETS 433,571 358,797
LIABILITIES AND SHAREHOLDERS' EQUITY    
Trade accounts payable 28,282 26,414
Notes payable to banks 8,696 9,042
Operating lease liabilities, current 2,062 0
Current portion of long-term debt 3,354 1,448
Accrued compensation and amounts withheld from employees 11,817 11,153
Accrued expenses and other liabilities 16,718 12,582
Accrued profit-sharing and other benefits 7,213 6,982
Dividends payable 1,173 1,051
Income taxes payable 1,758 815
TOTAL CURRENT LIABILITIES 81,073 69,487
Long-term debt, less current portion 53,722 24,960
Unfunded pension obligation 5,278 5,259
Operating lease liabilities, non-current 8,246 0
Deferred income taxes 3,116 1,711
Other noncurrent liabilities 13,568 8,010
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 4,992,979 and 5,020,410 issued and outstanding, at December 31, 2019 and December 31, 2018, respectively 12,848 12,662
Common shares issued to rabbi trust, 267,641 and 269,630 shares at December 31, 2019 and December 31, 2018, respectively (10,981) (11,008)
Deferred compensation liability 10,981 11,008
Paid-in capital 38,854 34,401
Retained earnings 353,292 334,170
Treasury shares, at cost, 1,431,235 and 1,310,387 shares at December 31, 2019 and December 31, 2018, respectively (79,106) (72,280)
Accumulated other comprehensive loss (57,353) (59,583)
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY 268,535 249,370
Noncontrolling interest 33 0
TOTAL SHAREHOLDERS' EQUITY 268,568 249,370
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 433,571 $ 358,797