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Pension Plans | 9 Months Ended
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Sep. 30, 2022
Retirement Benefits [Abstract] |
Pension Plans | NOTE F – PENSION PLANS The Company uses a December 31 measurement date for the Preformed Line Products Company Employees’ Retirement Plan (the “Plan”). Net periodic benefit for our U.S. pension plan for the three and nine months ended September 30, 2022 and 2021, respectively, follow:
|  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Service cost |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost |  |  | 293 |  |  |  | 289 |  |  |  | 887 |  |  |  | 853 |
Expected return on plan assets |  |  | (653 | ) |  |  | (585 | ) |  |  | (1,855 | ) |  |  | (1,757 | )
Recognized net actuarial loss |  |  | 94 |  |  |  | 163 |  |  |  | 328 |  |  |  | 461 |
Net periodic pension benefit |  | $ | (266 | ) |  | $ | (133 | ) |  | $ | (640 | ) |  | $ | (443 | )
The Company elected to make a $2.1 million voluntary contribution to t he Plan during the third quarter ending September 30, 2022 to increase Plan funding levels. The Company does not anticipate making any additional contributions to the Plan during the fourth quarter of 2022. Components of retirement benefits expense, other than service cost, are included in other expense (income), net in the Consolidated Statements of Income.

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