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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 45,175 $ 38,929
Accounts receivable, less allowances of $3,464 ($3,849 in 2019) 92,686 83,517
Inventories - net 97,537 95,718
Prepaids 15,289 6,921
Prepaid taxes 2,371 2,601
Other current assets 3,256 4,289
TOTAL CURRENT ASSETS 256,314 231,975
Property, plant and equipment - net 125,965 124,018
Operating lease, right-of-use assets 13,139 12,453
Intangibles - net 14,443 15,116
Goodwill 29,508 27,840
Deferred income taxes 10,863 7,564
Other assets 10,855 14,605
TOTAL ASSETS 461,087 433,571
LIABILITIES AND SHAREHOLDERS' EQUITY    
Trade accounts payable 31,646 28,282
Notes payable to banks 17,428 8,696
Operating lease liabilities, current 2,240 2,062
Current portion of long-term debt 5,216 3,354
Accrued compensation and amounts withheld from employees 14,736 11,817
Accrued expenses and other liabilities 17,508 16,718
Accrued profit-sharing and other benefits 8,252 7,213
Dividends payable 1,292 1,173
Income taxes payable 5,456 1,758
TOTAL CURRENT LIABILITIES 103,774 81,073
Long-term debt, less current portion 33,333 53,722
Unfunded pension obligation 5,826 5,278
Operating lease liabilities, non-current 8,743 8,246
Deferred income taxes 2,921 3,116
Other noncurrent liabilities 14,421 13,568
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 4,902,233 and 4,992,979 issued and outstanding, at December 31, 2020 and December 31, 2019, respectively 13,028 12,848
Common shares issued to rabbi trust, 265,508 and 267,641 shares at December 31, 2020 and December 31, 2019, respectively (10,940) (10,981)
Deferred compensation liability 10,940 10,981
Paid-in capital 43,134 38,854
Retained earnings 379,035 353,292
Treasury shares, at cost, 1,611,927 and 1,431,235 shares at December 31, 2020 and December 31, 2019, respectively (88,568) (79,106)
Accumulated other comprehensive loss (54,551) (57,353)
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY 292,078 268,535
Noncontrolling interest (9) 33
TOTAL SHAREHOLDERS' EQUITY 292,069 268,568
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 461,087 $ 433,571