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Pension Plans
 9 Months Ended
Sep. 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 September 30

 

 

Nine Months Ended September 30

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

Interest cost

 

 

289

 

 

 

325

 

 

 

853

 

 

 

976

 

Expected return on plan assets

 

 

(585

)

 

 

(563

)

 

 

(1,757

)

 

 

(1,688

)

Recognized net actuarial loss

 

 

163

 

 

 

98

 

 

 

461

 

 

 

348

 

Net periodic pension benefit

 

$

(133

)

 

$

(140

)

 

$

(443

)

 

$

(364

)

 

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