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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 33,454 $ 45,175
Accounts receivable, less allowances of $3,605 ($3,464 in 2020) 104,674 92,686
Inventories - net 105,428 97,537
Prepaids 10,169 15,289
Prepaid taxes 1,728 2,371
Other current assets 3,149 3,256
TOTAL CURRENT ASSETS 258,602 256,314
Property, plant and equipment - net 148,511 125,965
Operating lease, right-of-use assets 13,414 13,139
Intangibles - net 13,655 14,443
Goodwill 29,316 29,508
Deferred income taxes 9,191 10,863
Other assets 10,720 10,855
TOTAL ASSETS 483,409 461,087
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Trade accounts payable 38,737 31,646
Notes payable to banks 14,661 17,428
Operating lease liabilities, current 2,108 2,240
Current portion of long-term debt 6,717 5,216
Accrued compensation and amounts withheld from employees 19,950 14,736
Accrued expenses and other liabilities 18,412 17,508
Accrued profit-sharing and other benefits 5,022 8,252
Dividends payable 1,222 1,292
Income taxes payable 617 5,456
TOTAL CURRENT LIABILITIES 107,446 103,774
Long-term debt, less current portion 42,066 33,333
Unfunded pension obligation 5,218 5,826
Operating lease liabilities, non-current 9,202 8,743
Deferred income taxes 2,817 2,921
Other noncurrent liabilities 13,017 14,421
Shareholders’ equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 4,906,559 and 4,902,233 issued and outstanding, at June 30, 2021 and December 31, 2020, respectively 13,170 13,028
Common shares issued to rabbi trust, 262,181 and 265,508 shares at June 30, 2021 and December 31, 2020, respectively (10,850) (10,940)
Deferred compensation liability 10,850 10,940
Paid-in capital 45,564 43,134
Retained earnings 393,032 379,035
Treasury shares, at cost, 1,678,317 and 1,611,927 shares at June 30, 2021 and December 31, 2020, respectively (93,292) (88,568)
Accumulated other comprehensive loss (54,842) (54,551)
TOTAL PREFORMED LINE PRODUCTS, COMPANY SHAREHOLDERS’ EQUITY 303,632 292,078
Noncontrolling interest 11 (9)
TOTAL SHAREHOLDERS’ EQUITY 303,643 292,069
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 483,409 $ 461,087