XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 181,824 $ 138,223
Cost of products sold 115,541 96,272
GROSS PROFIT 66,283 41,951
Costs and expenses    
Selling 12,388 10,661
General and administrative 18,609 16,309
Research and engineering 5,193 4,774
Other operating expense, net 1,112 756
Total costs and expenses 37,302 32,500
OPERATING INCOME 28,981 9,451
Other (expense) income    
Interest income 304 113
Interest expense (1,066) (526)
Other income, net 40 5,103
Total other income (expense) (722) 4,690
INCOME BEFORE INCOME TAXES 28,259 14,141
Income tax expense 6,840 1,840
NET INCOME 21,419 12,301
Net income attributable to noncontrolling interests (21) (16)
NET INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS $ 21,398 $ 12,285
AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:    
Basic 4,937 4,928
Diluted 4,997 4,943
EARNINGS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS:    
Basic $ 4.33 $ 2.49
Diluted $ 4.28 $ 2.49