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Pension Plans
 6 Months Ended
Jun. 30, 2021
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

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

0

 

 

$

90

 

 

$

0

 

 

$

181

 

Interest cost

 

 

282

 

 

 

326

 

 

 

564

 

 

 

653

 

Expected return on plan assets

 

 

(586

)

 

 

(556

)

 

 

(1,172

)

 

 

(1,113

)

Recognized net actuarial loss

 

 

149

 

 

 

130

 

 

 

298

 

 

 

259

 

Net periodic pension cost (benefit)

 

$

(155

)

 

$

(10

)

 

$

(310

)

 

$

(20

)

 

There were no contributions to the Plan during the six months ended June 30, 2021.  The Company does not plan to contribute additional funds to the Plan during the remainder of 2021.