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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash, cash equivalents and restricted cash $ 54,835 $ 57,244
Accounts receivable, net 118,504 111,402
Inventories, net 135,098 129,913
Prepaid expenses 12,261 11,720
Other current assets 6,024 5,514
TOTAL CURRENT ASSETS 326,722 315,793
Property, plant and equipment, net 203,083 195,086
Operating lease, right-of-use assets 10,138 10,117
Goodwill 27,746 26,685
Other intangible assets, net 9,736 9,656
Deferred income taxes 6,284 6,546
Other assets 8,742 9,994
TOTAL ASSETS 592,451 573,877
LIABILITIES AND SHAREHOLDERS' EQUITY    
Trade accounts payable 45,252 41,951
Notes payable to banks 5,845 7,782
Operating lease liabilities, current 1,751 1,588
Current portion of long-term debt 3,378 2,430
Accrued compensation and other benefits 20,788 25,904
Accrued expenses and other liabilities 26,608 25,503
Dividends payable 1,146 1,293
Income taxes payable 1,149 1,962
TOTAL CURRENT LIABILITIES 105,917 108,413
Long-term debt, less current portion 25,682 18,357
Operating lease liabilities, noncurrent 6,455 6,538
Deferred income taxes 3,017 3,766
Other noncurrent liabilities 15,559 14,479
SHAREHOLDERS' EQUITY    
Common shares – $2 par value per share, 15,000,000 shares authorized, 4,940,131 and 4,913,621 issued and outstanding, at March 31, 2025 and December 31, 2024 13,820 13,752
Common shares issued to rabbi trust, 223,034 and 222,887 shares at March 31, 2025 and December 31, 2024, respectively (9,594) (9,575)
Deferred compensation liability 9,594 9,575
Paid-in capital 62,205 65,093
Retained earnings 563,678 553,179
Treasury shares, at cost, 1,969,354 and 1,961,772 shares at March 31, 2025 and December 31, 2024, respectively (127,812) (126,800)
Accumulated other comprehensive loss (76,115) (82,909)
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY 435,776 422,315
Noncontrolling interest 45 9
TOTAL SHAREHOLDERS' EQUITY 435,821 422,324
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 592,451 $ 573,877