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Pension Plans
 6 Months Ended
Jun. 30, 2020
Compensation And Retirement Disclosure [Abstract]  
Pension Plans

NOTE E – 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

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

90

 

 

$

48

 

 

$

181

 

 

$

95

 

Interest cost

 

 

326

 

 

 

354

 

 

 

653

 

 

 

708

 

Expected return on plan assets

 

 

(556

)

 

 

(488

)

 

 

(1,113

)

 

 

(976

)

Recognized net actuarial loss

 

 

130

 

 

 

125

 

 

 

259

 

 

 

250

 

Net periodic pension cost (benefit)

 

$

(10

)

 

$

39

 

 

$

(20

)

 

$

77

 

 

No contributions were made to the Plan during the six months ended June 30, 2020.  The Company plans to contribute additional funds in the amount of $.3 million to the Plan during the third quarter of 2020.