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Pension Plans
3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Pension Plans
NOTE 6 - 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-month periods ended March 31, 2025 and 2024, respectively, follows:
Three Months Ended March 31,
20252024
Interest cost$395 $387 
Expected return on plan assets(351)(485)
Recognized net actuarial loss161 117 
Net periodic pension expense$205 $19 
There were no contributions to the U.S. Plan during the three months ended March 31, 2025 and 2024. The Company is evaluating whether to make additional contributions to the U.S. Plan during 2025. 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.