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Shareholders Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Summary of Changes in Shareholders Equity

The following table reflects the changes in shareholders equity for the nine months ended September 30, 2021 and 2020:

																										Accumulated Other Comprehensive Income (Loss)
		Common Shares				Common Shares Issued to Rabbi Trust				Deferred Compensation Liability				Paid in Capital				Retained Earnings				Treasury Shares				Cumulative Translation Adjustment				Unrecognized Pension Benefit Cost				Total Preformed Line Products Company Equity				Noncontrolling Interests				Total Equity
	(In thousands, except share and per share data)
Balance at December 31, 2020		$	13,028			$	(10,940	)		$	10,940			$	43,134			$	379,035			$	(88,568	)		$	(47,847	)		$	(6,704	)		$	292,078			$	(9	)		$	292,069
Net income (loss)																			7,179																7,179				(2	)			7,177
Foreign currency translation adjustment																											(4,829	)							(4,829	)							(4,829	)
Recognized net actuarial gain, net of tax provision of $35																															114				114								114
Total comprehensive income																																			2,464				(2	)			2,462
Share-based compensation															1,034				(40	)															994								994
Purchase of 52,590 common shares																							(3,678	)											(3,678	)							(3,678	)
Issuance of 63,316 common shares			127												270																				397								397
Common shares distributed from rabbi trust of 3,727, net							120				(120	)																							0								0
Cash dividends declared - $.20 per share															(116	)			(990	)															(1,106	)							(1,106	)
Balance at March 31, 2021		$	13,155			$	(10,820	)		$	10,820			$	44,322			$	385,184			$	(92,246	)		$	(52,676	)		$	(6,590	)		$	291,149			$	(11	)		$	291,138
Net income (loss)																			8,869																8,869				22				8,891
Foreign currency translation adjustment																											4,311								4,311								4,311
Recognized net actuarial gain, net of tax provision of $35																															113				113								113
Total comprehensive income																																			13,293				22				13,315
Share-based compensation															893				(40	)															853								853
Purchase of 13,800 common shares																							(1,046	)											(1,046	)							(1,046	)
Issuance of 7,400 common shares			15												349																				364								364
Common shares issued to rabbi trust of 400, net							(30	)			30																								0								0
Cash dividends declared - $.20 per share																			(981	)															(981	)							(981	)
Balance at June 30, 2021		$	13,170			$	(10,850	)		$	10,850			$	45,564			$	393,032			$	(93,292	)		$	(48,365	)		$	(6,477	)		$	303,632			$	11			$	303,643
Net income																			10,708																10,708				(5	)			10,703
Foreign currency translation adjustment																											(5,504	)							(5,504	)							(5,504	)
Recognized net actuarial gain, net of tax provision of $39																															125				125								125
Total comprehensive income																																			5,329				(5	)			5,324
Share-based compensation															1,364				(40	)															1,324								1,324
Purchase of 7,070 common shares																							(544	)											(544	)							(544	)
Issuance of 456 common shares			1												28																				29								29
Common shares distributed from rabbi trust of 19,043, net							748				(748	)																							0								0
Cash dividends declared - $.20 per share																			(980	)															(980	)							(980	)
Balance at September 30, 2021		$	13,171			$	(10,102	)		$	10,102			$	46,956			$	402,720			$	(93,836	)		$	(53,869	)		$	(6,352	)		$	308,790			$	6			$	308,796

																										Accumulated Other Comprehensive Income (Loss)
		Common Shares				Common Shares Issued to Rabbi Trust				Deferred Compensation Liability				Paid in Capital				Retained Earnings				Treasury Shares				Cumulative Translation Adjustment				Unrecognized Pension Benefit Cost				Total Preformed Line Products Company Equity				Noncontrolling Interests				Total Equity
	(In thousands, except share and per share data)
Balance at December 31, 2019		$	12,848			$	(10,981	)		$	10,981			$	38,854			$	353,292			$	(79,106	)		$	(51,682	)		$	(5,671	)		$	268,535			$	33			$	268,568
Net income (loss)																			3,698																3,698				(45	)			3,653
Foreign currency translation adjustment																											(16,881	)							(16,881	)							(16,881	)
Recognized net actuarial gain, net of tax provision of $31																															98				98								98
Total comprehensive income																																			(13,085	)			(45	)			(13,130	)
Share-based compensation															976				(43	)															933								933
Purchase of 75,246 common shares																							(3,980	)											(3,980	)							(3,980	)
Issuance of 77,381 common shares			155																																155								155
Common shares distributed from rabbi trust of 3,358, net							101				(101	)																							0								0
Cash dividends declared - $.20 per share															(83	)			(963	)															(1,046	)							(1,046	)
Balance at March 31, 2020		$	13,003			$	(10,880	)		$	10,880			$	39,747			$	355,984			$	(83,086	)		$	(68,563	)		$	(5,573	)		$	251,512			$	(12	)		$	251,500
Net income																			10,481																10,481				7				10,488
Foreign currency translation adjustment																											5,472								5,472								5,472
Recognized net actuarial gain, net of tax provision of $31																															91				91								91
Total comprehensive income																																			16,044				7				16,051
Share-based compensation															612				(26	)															586								586
Purchase of 29,724 common shares																							(3,011	)											(3,011	)							(3,011	)
Issuance of 525 common shares															26																				26								26
Common shares distributed from rabbi trust of 525, net							(30	)			30																								0								0
Cash dividends declared - $.20 per share																			(996	)															(996	)							(996	)
Balance at June 30, 2020		$	13,003			$	(10,910	)		$	10,910			$	40,385			$	365,443			$	(86,097	)		$	(63,091	)		$	(5,482	)		$	264,161			$	(5	)		$	264,156
Net income																			12,954																12,954				8				12,962
Foreign currency translation adjustment																											2,949								2,949								2,949
Recognized net actuarial gain, net of tax provision of $23																															75				75								75
Total comprehensive income																																			15,978				8				15,986
Share-based compensation															1,458																				1,458								1,458
Purchase of 24,335 common shares																							(1,223	)											(1,223	)							(1,223	)
Issuance of 622 common shares			10												204																				214								214
Common shares distributed from rabbi trust of 622, net							(30	)			30																								0								0
Cash dividends declared - $.20 per share																			(1,013	)															(1,013	)							(1,013	)
Balance at September 30, 2020		$	13,013			$	(10,940	)		$	10,940			$	42,047			$	377,384			$	(87,320	)		$	(60,142	)		$	(5,407	)		$	279,575			$	3			$	279,578

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- References

No definition available.

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- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644

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