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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Summary of Company's Reportable Segments | The following tables present a summary of the Company’s reportable operating segments for the three and six months ended June 30, 2024 and 2023. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.
|  |  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  |  | 2024 |  |  | 2023 |  | 2024 |  |  | 2023 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  |  | $ | 59,900 |  |  | $ | 96,977 |  | $ | 130,637 |  |  | $ | 194,155 |
The Americas |  |  |  | 21,815 |  |  |  | 21,494 |  |  | 40,173 |  |  |  | 44,061 |
EMEA |  |  |  | 32,039 |  |  |  | 37,306 |  |  | 60,693 |  |  |  | 76,340 |
Asia-Pacific |  |  |  | 24,966 |  |  |  | 26,036 |  |  | 48,122 |  |  |  | 49,081 |
Total net sales |  |  | $ | 138,720 |  |  | $ | 181,813 |  | $ | 279,625 |  |  | $ | 363,637 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  |  | $ | 2,812 |  |  | $ | 9,013 |  | $ | 5,158 |  |  | $ | 20,975 |
The Americas |  |  |  | 1,947 |  |  |  | 4,296 |  |  | 4,414 |  |  |  | 8,509 |
EMEA |  |  |  | 1,424 |  |  |  | 1,423 |  |  | 2,798 |  |  |  | 2,956 |
Asia-Pacific |  |  |  | 3,501 |  |  |  | 6,094 |  |  | 7,265 |  |  |  | 13,103 |
Total intersegment sales |  |  | $ | 9,684 |  |  | $ | 20,826 |  | $ | 19,635 |  |  | $ | 45,543 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  |  | $ | 20,743 |  |  | $ | 41,234 |  | $ | 45,439 |  |  | $ | 83,341 |
The Americas |  |  |  | 6,712 |  |  |  | 8,198 |  |  | 11,678 |  |  |  | 16,185 |
EMEA |  |  |  | 9,364 |  |  |  | 9,518 |  |  | 17,682 |  |  |  | 18,765 |
Asia-Pacific |  |  |  | 7,454 |  |  |  | 7,377 |  |  | 13,606 |  |  |  | 14,320 |
Total gross profit |  |  | $ | 44,273 |  |  | $ | 66,327 |  | $ | 88,405 |  |  | $ | 132,611 |
Net income attributable to Preformed Line Products Company shareholders |  |  |  |  |  |  |  |  |  |  |  |
PLP-USA |  |  | $ | 3,345 |  |  | $ | 14,887 |  | $ | 8,661 |  |  | $ | 31,683 |
The Americas |  |  |  | 1,796 |  |  |  | 2,750 |  |  | 2,693 |  |  |  | 4,639 |
EMEA |  |  |  | 2,975 |  |  |  | 1,876 |  |  | 4,555 |  |  |  | 3,537 |
Asia-Pacific |  |  |  | 1,250 |  |  |  | 959 |  |  | 3,053 |  |  |  | 2,011 |
Total net income attributable to Preformed Line Products Company shareholders |  |  | $ | 9,366 |  |  | $ | 20,472 |  | $ | 18,962 |  |  | $ | 41,870 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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