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Pension Plans | 9 Months Ended
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Sep. 30, 2024
Retirement Benefits [Abstract] |
Pension Plans | 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 for the U.S. Plan for the three and nine month periods ended September 30, 2024 and 2023, respectively, follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost | $ | 387 |  |  | $ | 392 |  |  | $ | 1,162 |  |  | $ | 1,178 |
Expected return on plan assets | (485) |  |  | (501) |  |  | (1,456) |  |  | (1,502) |
Recognized net actuarial loss | 117 |  |  | 117 |  |  | 351 |  |  | 349 |
Net periodic pension expense | $ | 19 |  |  | $ | 8 |  |  | $ | 57 |  |  | $ | 25 |
There were no contributions to the U.S. Plan during the nine months ended September 30, 2024 and 2023. The Company is evaluating whether to make additional contributions to the U.S. Plan during 2024. In August 2023, the Board of Directors of the Company approved a resolution to terminate the U.S. Plan and certain administrative actions have been undertaken to proceed with the termination. Components of pension expense are included in Other income, net in the Consolidated Statements of Income.

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