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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents and restricted cash $ 43,160 $ 37,239
Accounts receivable, less allowances of $6709 ($5,600 in 2022) 144,593 125,261
Inventories, net 148,481 147,458
Prepaid expenses 8,749 13,283
Other current assets 8,440 4,929
TOTAL CURRENT ASSETS 353,423 328,170
Property, plant and equipment, net 200,325 175,011
Operating lease, right-of-use assets 10,862 10,752
Goodwill 29,530 28,004
Other intangible assets, net 13,682 14,082
Deferred income taxes 6,415 5,320
Pension asset 836 619
Other assets 6,869 6,521
TOTAL ASSETS 621,942 568,479
LIABILITIES AND SHAREHOLDERS' EQUITY    
Trade accounts payable 50,033 46,839
Notes payable to banks 13,701 18,098
Operating lease liabilities, current 1,188 1,606
Current portion of long-term debt 6,889 3,018
Accrued compensation 19,919 14,962
Accrued expenses and other liabilities 22,727 17,635
Accrued profit-sharing and other benefits 5,291 9,394
Dividends payable 1,228 1,318
Income taxes payable 5,794 2,465
TOTAL CURRENT LIABILITIES 126,770 115,335
Long-term debt, less current portion 68,944 68,420
Operating lease liabilities, non-current 7,496 7,023
Deferred income taxes 3,305 4,165
Other noncurrent liabilities 16,978 14,912
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 4,917,501 and 4,917,020 issued and outstanding, at June 30, 2023 and December 31, 2022 13,509 13,351
Common shares issued to rabbi trust, 241,343 and 245,386 shares at June 30, 2023 and December 31, 2022, respectively (10,039) (10,261)
Deferred compensation liability 10,039 10,261
Paid-in capital 56,943 53,646
Retained earnings 500,726 460,930
Treasury shares, at cost, 1,800,474 and 1,758,901 shares at March 31, 2023 and December 31, 2022, respectively (109,143) (99,303)
Accumulated other comprehensive loss (63,586) (69,987)
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY 398,449 358,637
Noncontrolling interest   (13)
TOTAL SHAREHOLDERS' EQUITY 398,449 358,624
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 621,942 $ 568,479