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Segment Information (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Summary of Company's Reportable Segments

The following table presents a summary of the Company’s reportable segments for the year ended December 31, 2020, 2019 and 2018. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.  

 

 

 

Year Ended December 31

 

 

 

2020

 

 

2019

 

 

2018

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

201,277

 

 

$

178,301

 

 

$

169,040

 

The Americas

 

 

74,192

 

 

 

68,293

 

 

 

66,868

 

EMEA

 

 

91,108

 

 

 

79,158

 

 

 

69,773

 

Asia-Pacific

 

 

99,872

 

 

 

119,109

 

 

 

115,197

 

Total net sales

 

$

466,449

 

 

$

444,861

 

 

$

420,878

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

9,702

 

 

$

10,757

 

 

$

11,648

 

The Americas

 

 

9,938

 

 

 

7,774

 

 

 

9,480

 

EMEA

 

 

3,682

 

 

 

1,375

 

 

 

1,664

 

Asia-Pacific

 

 

14,452

 

 

 

12,720

 

 

 

11,907

 

Total intersegment sales

 

$

37,774

 

 

$

32,626

 

 

$

34,699

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

0

 

 

$

0

 

 

$

0

 

The Americas

 

 

112

 

 

 

412

 

 

 

273

 

EMEA

 

 

67

 

 

 

192

 

 

 

102

 

Asia-Pacific

 

 

80

 

 

 

179

 

 

 

111

 

Total interest income

 

$

259

 

 

$

783

 

 

$

486

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

(741

)

 

$

(972

)

 

$

(1,023

)

The Americas

 

 

(586

)

 

 

(466

)

 

 

(111

)

EMEA

 

 

(233

)

 

 

(149

)

 

 

(58

)

Asia-Pacific

 

 

(836

)

 

 

(630

)

 

 

(98

)

Total interest expense

 

$

(2,396

)

 

$

(2,217

)

 

$

(1,290

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

6,161

 

 

$

3,299

 

 

$

367

 

The Americas

 

 

2,461

 

 

 

2,551

 

 

 

3,349

 

EMEA

 

 

1,768

 

 

 

616

 

 

 

1,204

 

Asia-Pacific

 

 

420

 

 

 

1,656

 

 

 

1,087

 

Total income taxes

 

$

10,810

 

 

$

8,122

 

 

$

6,007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

16,564

 

 

$

8,054

 

 

$

9,900

 

The Americas

 

 

5,068

 

 

 

6,657

 

 

 

8,479

 

EMEA

 

 

6,644

 

 

 

2,935

 

 

 

3,527

 

Asia-Pacific

 

 

1,527

 

 

 

5,657

 

 

 

4,675

 

Total net income

 

$

29,803

 

 

$

23,303

 

 

$

26,581

 

 

 

 

 

Year Ended December 31

 

 

 

2020

 

 

2019

 

 

2018

 

Expenditure for long-lived assets

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

9,536

 

 

$

4,928

 

 

$

3,672

 

The Americas

 

 

3,527

 

 

 

2,864

 

 

 

1,746

 

EMEA

 

 

3,007

 

 

 

5,304

 

 

 

1,591

 

Asia-Pacific

 

 

8,499

 

 

 

16,371

 

 

 

2,519

 

Total expenditures for long-lived assets

 

$

24,569

 

 

$

29,467

 

 

$

9,528

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

5,321

 

 

$

5,393

 

 

$

5,452

 

The Americas

 

 

1,710

 

 

 

1,862

 

 

 

1,488

 

EMEA

 

 

2,797

 

 

 

2,528

 

 

 

1,808

 

Asia-Pacific

 

 

4,010

 

 

 

3,965

 

 

 

3,696

 

Total depreciation and amortization

 

$

13,838

 

 

$

13,748

 

 

$

12,444

 

 

 

 

As of December 31

 

 

 

2020

 

 

2019

 

Identifiable assets

 

 

 

 

 

 

 

 

PLP-USA

 

$

137,689

 

 

$

127,428

 

The Americas

 

 

75,438

 

 

 

71,908

 

EMEA

 

 

106,922

 

 

 

97,126

 

Asia-Pacific

 

 

141,038

 

 

 

137,109

 

Total identifiable assets

 

$

461,087

 

 

$

433,571

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment

 

 

 

 

 

 

 

 

PLP-USA

 

$

44,184

 

 

$

51,097

 

The Americas

 

 

16,507

 

 

 

15,874

 

EMEA

 

 

18,362

 

 

 

16,419

 

Asia-Pacific

 

 

46,912

 

 

 

40,628

 

Total property, plant and equipment

 

$

125,965

 

 

$

124,018