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v3.23.2

Pension Plans | 6 Months Ended
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Jun. 30, 2023
Retirement Benefits [Abstract] |
Pension Plans | Note 6 – Pension Plans The Company uses a December 31 measurement date for the Preformed Line Products Company Employees’ Retirement Plan (the “U.S. Plan”). Net periodic pension expense (income) for the U.S. Plan for the three and six month periods ended June 30, 2023 and 2022, respectively, follows:
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Interest cost |  | 392 |  |  |  | 297 |  |  | $ | 785 |  |  | $ | 594 |
Expected return on plan assets |  | (501 | ) |  |  | (601 | ) |  |  | (1,001 | ) |  |  | (1,202 | )
Recognized net actuarial loss |  | 117 |  |  |  | 117 |  |  |  | 233 |  |  |  | 234 |
Net periodic pension expense (income) | $ | 8 |  |  | $ | (187 | ) |  | $ | 17 |  |  | $ | (374 | )
There were no contributions to the U.S. Plan during the six months ended June 30, 2023 and 2022. The Company is currently evaluating the option to contribute to the U.S. Plan during 2023. Components of retirement benefits expense (income) are included in Other (expense) income, net in the Consolidated Statements of Income.

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