XML 18 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash, cash equivalents and restricted cash $ 57,244 $ 53,607
Accounts receivable, net 111,402 106,892
Inventories, net 129,913 148,814
Prepaid expenses 11,720 8,246
Other current assets 5,514 7,256
TOTAL CURRENT ASSETS 315,793 324,815
Property, plant and equipment, net 195,086 207,892
Operating lease, right-of-use assets 10,117 11,671
Goodwill 26,685 29,497
Other intangible assets, net 9,656 12,981
Deferred income taxes 6,546 7,109
Other assets 9,994 9,186
TOTAL ASSETS 573,877 603,151
LIABILITIES AND SHAREHOLDERS' EQUITY    
Trade accounts payable 41,951 37,788
Notes payable to banks 7,782 6,968
Operating lease liabilities, current 1,588 1,671
Current portion of long-term debt 2,430 6,486
Accrued compensation and other benefits 25,904 28,018
Accrued expenses and other liabilities 25,503 27,414
Dividends payable 1,293 1,300
Income taxes payable 1,962 1,672
TOTAL CURRENT LIABILITIES 108,413 111,317
Long-term debt, less current portion 18,357 48,796
Operating lease liabilities, noncurrent 6,538 7,892
Deferred income taxes 3,766 3,536
Other noncurrent liabilities 14,479 15,454
SHAREHOLDERS' EQUITY    
Common shares – $2 par value per share, 15,000,000 shares authorized, 4,913,621 and 4,908,413 issued and outstanding, at December 31, 2024 and December 31, 2023, respectively 13,752 13,607
Common shares issued to rabbi trust, 222,887 and 243,118 shares at December 31, 2024 and December 31, 2023, respectively (9,575) (10,183)
Deferred compensation liability 9,575 10,183
Paid-in capital 65,093 60,958
Retained earnings 553,179 520,154
Treasury shares, at cost, 1,961,772 and 1,894,419 shares at December 31, 2024 and December 31, 2023, respectively (126,800) (118,249)
Accumulated other comprehensive loss (82,909) (60,306)
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY 422,315 416,164
Noncontrolling interest 9 (8)
TOTAL SHAREHOLDERS' EQUITY 422,324 416,156
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 573,877 $ 603,151