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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash, cash equivalents and restricted cash $ 47,424 $ 53,607
Accounts receivable, net 101,460 106,892
Inventories, net 141,812 148,814
Prepaid expenses 7,394 8,246
Other current assets 6,983 7,256
TOTAL CURRENT ASSETS 305,073 324,815
Property, plant and equipment, net 200,441 207,892
Operating lease, right-of-use assets 10,594 11,671
Goodwill 27,901 29,497
Other intangible assets, net 11,059 12,981
Deferred income taxes 7,721 7,109
Other assets 9,798 9,186
TOTAL ASSETS 572,587 603,151
LIABILITIES AND SHAREHOLDERS' EQUITY    
Trade accounts payable 42,945 37,788
Notes payable to banks 6,938 6,968
Operating lease liabilities, current 1,563 1,671
Current portion of long-term debt 2,812 6,486
Accrued compensation and other benefits 24,398 28,018
Accrued expenses and other liabilities 22,574 27,414
Dividends payable 1,224 1,300
Income taxes payable 1,530 1,672
TOTAL CURRENT LIABILITIES 103,984 111,317
Long-term debt, less current portion 28,820 48,796
Operating lease liabilities, non-current 7,011 7,892
Deferred income taxes 2,207 3,536
Other noncurrent liabilities 14,347 15,454
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 4,913,496 and 4,908,413 issued and outstanding, at June 30, 2024 and December 31, 2023 13,711 13,607
Common shares issued to rabbi trust, 238,787 and 243,118 shares at June 30, 2024 and December 31, 2023, respectively (10,233) (10,183)
Deferred compensation liability 10,233 10,183
Paid-in capital 62,361 60,958
Retained earnings 537,079 520,154
Treasury shares, at cost, 1,941,690 and 1,894,419 shares at June 30, 2024 and December 31, 2023, respectively (124,269) (118,249)
Accumulated other comprehensive loss (72,664) (60,306)
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY 416,218 416,164
Noncontrolling interest 0 (8)
TOTAL SHAREHOLDERS' EQUITY 416,218 416,156
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 572,587 $ 603,151