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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash, cash equivalents and restricted cash $ 45,859 $ 53,607
Accounts receivable, net 111,527 106,892
Inventories, net 141,508 148,814
Prepaid expenses 8,314 8,246
Other current assets 7,053 7,256
TOTAL CURRENT ASSETS 314,261 324,815
Property, plant and equipment, net 203,242 207,892
Operating lease, right-of-use assets 11,021 11,671
Goodwill 28,603 29,497
Other intangible assets, net 11,868 12,981
Deferred income taxes 7,379 7,109
Other assets 9,735 9,186
TOTAL ASSETS 586,109 603,151
LIABILITIES AND SHAREHOLDERS' EQUITY    
Trade accounts payable 41,748 37,788
Notes payable to banks 1,487 6,968
Operating lease liabilities, current 1,532 1,671
Current portion of long-term debt 7,078 6,486
Accrued compensation and other benefits 23,348 28,018
Accrued expenses and other liabilities 20,961 27,414
Dividends payable 1,189 1,300
Income taxes payable 2,361 1,672
TOTAL CURRENT LIABILITIES 99,704 111,317
Long-term debt, less current portion 47,928 48,796
Operating lease liabilities, non-current 7,391 7,892
Deferred income taxes 3,414 3,536
Other noncurrent liabilities 14,304 15,454
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 4,918,036 and 4,908,413 issued and outstanding, at March 31, 2024 and December 31, 2023 13,711 13,607
Common shares issued to rabbi trust, 238,641 and 243,118 shares at March 31, 2024 and December 31, 2023, respectively (10,214) (10,183)
Deferred compensation liability 10,214 10,183
Paid-in capital 61,408 60,958
Retained earnings 528,733 520,154
Treasury shares, at cost, 1,937,150 and 1,894,419 shares at March 31, 2024 and December 31, 2024, respectively (123,701) (118,249)
Accumulated other comprehensive loss (66,782) (60,306)
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY 413,369 416,164
Noncontrolling interest (1) (8)
TOTAL SHAREHOLDERS' EQUITY 413,368 416,156
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 586,109 $ 603,151