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Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information

NOTE M – SEGMENT INFORMATION

The following tables present a summary of the Company’s reportable segments for the three and six months ended June 30, 2021 and 2020. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.

 

 

 

Three Months Ended June 30

 

 

Six Months Ended June 30

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

62,087

 

 

$

53,966

 

 

$

118,316

 

 

$

100,567

 

The Americas

 

 

18,625

 

 

 

17,486

 

 

 

36,146

 

 

 

34,727

 

EMEA

 

 

27,352

 

 

 

21,048

 

 

 

50,834

 

 

 

41,408

 

Asia-Pacific

 

 

24,974

 

 

 

25,129

 

 

 

45,295

 

 

 

43,779

 

Total net sales

 

$

133,038

 

 

$

117,629

 

 

$

250,591

 

 

$

220,481

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

3,779

 

 

$

2,129

 

 

$

6,164

 

 

$

5,001

 

The Americas

 

 

2,556

 

 

 

2,813

 

 

 

4,622

 

 

 

4,677

 

EMEA

 

 

1,421

 

 

 

1,156

 

 

 

1,932

 

 

 

1,622

 

Asia-Pacific

 

 

4,812

 

 

 

3,910

 

 

 

8,465

 

 

 

6,004

 

Total intersegment sales

 

$

12,568

 

 

$

10,008

 

 

$

21,183

 

 

$

17,304

 

Income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

2,481

 

 

$

2,025

 

 

$

4,859

 

 

$

2,871

 

The Americas

 

 

659

 

 

 

812

 

 

 

1,268

 

 

 

1,445

 

EMEA

 

 

409

 

 

 

445

 

 

 

854

 

 

 

531

 

Asia-Pacific

 

 

137

 

 

 

115

 

 

 

82

 

 

 

1

 

Total income taxes

 

$

3,686

 

 

$

3,397

 

 

$

7,063

 

 

$

4,848

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

6,319

 

 

$

6,135

 

 

$

11,895

 

 

$

9,686

 

The Americas

 

 

1,962

 

 

 

1,695

 

 

 

3,153

 

 

 

2,690

 

EMEA

 

 

1,043

 

 

 

2,247

 

 

 

2,239

 

 

 

2,583

 

Asia-Pacific

 

 

(455

)

 

 

404

 

 

 

(1,239

)

 

 

(780

)

Total net income attributable to Preformed Line Products Company shareholders

 

$

8,869

 

 

$

10,481

 

 

$

16,048

 

 

$

14,179

 

 

 

 

 

June 30, 2021

 

 

December 31, 2020

 

Assets

 

 

 

 

 

 

 

 

PLP-USA

 

$

163,557

 

 

$

137,689

 

The Americas

 

 

77,422

 

 

 

75,438

 

EMEA

 

 

106,629

 

 

 

106,922

 

Asia-Pacific

 

 

135,801

 

 

 

141,038

 

Total identifiable assets

 

$

483,409

 

 

$

461,087