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Business Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Business Segment Information

NOTE M – BUSINESS SEGMENT INFORMATION

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance.

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

 

 

 

Three Months Ended September 30

 

 

Nine Months Ended September 30

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

66,891

 

 

$

53,027

 

 

$

185,208

 

 

$

153,595

 

The Americas

 

 

18,084

 

 

 

19,914

 

 

 

54,230

 

 

 

54,641

 

EMEA

 

 

26,619

 

 

 

27,034

 

 

 

77,452

 

 

 

68,441

 

Asia-Pacific

 

 

23,786

 

 

 

27,488

 

 

 

69,081

 

 

 

71,267

 

Total net sales

 

$

135,380

 

 

$

127,463

 

 

$

385,971

 

 

$

347,944

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

2,947

 

 

$

2,786

 

 

$

9,112

 

 

$

7,787

 

The Americas

 

 

2,556

 

 

 

3,029

 

 

 

7,178

 

 

 

7,706

 

EMEA

 

 

564

 

 

 

892

 

 

 

2,496

 

 

 

2,513

 

Asia-Pacific

 

 

6,533

 

 

 

4,176

 

 

 

14,997

 

 

 

10,180

 

Total intersegment sales

 

$

12,600

 

 

$

10,883

 

 

$

33,783

 

 

$

28,186

 

Income taxes

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

1,362

 

 

$

2,020

 

 

$

6,221

 

 

$

4,891

 

The Americas

 

 

1,108

 

 

 

875

 

 

 

2,376

 

 

 

2,321

 

EMEA

 

 

512

 

 

 

1,205

 

 

 

1,366

 

 

 

1,735

 

Asia-Pacific

 

 

115

 

 

 

358

 

 

 

198

 

 

 

359

 

Total income taxes

 

$

3,097

 

 

$

4,458

 

 

$

10,161

 

 

$

9,306

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

6,688

 

 

$

6,753

 

 

$

18,583

 

 

$

16,439

 

The Americas

 

 

2,474

 

 

 

1,908

 

 

 

5,627

 

 

 

4,598

 

EMEA

 

 

697

 

 

 

2,912

 

 

 

2,935

 

 

 

5,495

 

Asia-Pacific

 

 

849

 

 

 

1,381

 

 

 

(390

)

 

 

601

 

Total net income attributable to Preformed Line Products Company shareholders

 

$

10,708

 

 

$

12,954

 

 

$

26,755

 

 

$

27,133

 

 

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Assets

 

 

 

 

 

 

PLP-USA

 

$

173,886

 

 

$

137,689

 

The Americas

 

 

79,055

 

 

 

75,438

 

EMEA

 

 

107,331

 

 

 

106,922

 

Asia-Pacific

 

 

133,321

 

 

 

141,038

 

Total identifiable assets

 

$

493,593

 

 

$

461,087