XML 59 R38.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Pension Plan (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] |
Schedule of Pension Plan Expenses | The components of the expense the Company incurred under the pension plan are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  | 2014 |
Current service cost, net of employee contributions |  | $ | 50 |  | $ | 34 |
Interest cost on accrued benefit obligation |  |  | 103 |  |  | 131 |
Expected return on plan assets |  |  | (160) |  |  | (169) |
Amortization of transitional obligation |  |  | 10 |  |  | 12 |
Amortization of past service costs |  |  | 7 |  |  | 8 |
Amortization of net actuarial gain |  |  | 44 |  |  | 35 |
Total cost of benefit |  | $ | 54 |  | $ | 51 |
Reconciliation of Projected Benefit Obligation | The Company's obligations pursuant to the pension plan are as follows (in thousands):
|  | December 31, |
|  | 2015 |  | 2014 |
Projected benefit obligation, at beginning of year |  | $ | 3,057 |  | $ | 2,927 |
Current service cost, net of employee contributions |  |  | 50 |  |  | 34 |
Employee contributions |  |  | 30 |  |  | 37 |
Interest cost |  |  | 103 |  |  | 131 |
Actuarial loss |  |  | (66) |  |  | - |
Impact of change in discount rate |  |  | (37) |  |  | 320 |
Impact in change of assumptions |  |  | - |  |  | 80 |
Benefits paid |  |  | (160) |  |  | (178) |
Foreign exchange adjustment |  |  | (399) |  |  | (294) |
Projected benefit obligation, at end of year |  | $ | 2,578 |  | $ | 3,057 |
Schedule of Expected Benefit Payments | A summary of expected benefit payments related to the pension plan is as follows (in thousands):
Years ending December 31, |  | Pension Plan |
2016 |  | $ | 154 |
2017 |  |  | 156 |
2018 |  |  | 155 |
2019 |  |  | 151 |
2020 |  |  | 147 |
2021 - 2025 |  |  | 680 |
Schedule of Other Changes in Plan Assets and Benefit Obligations | Other changes in plan assets and benefit obligations recognized in other comprehensive income are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  | 2014 |
Net gain / (loss) |  | $ | 108 |  | $ | (329) |
Amortization of prior service cost |  |  | 7 |  |  | 8 |
Amortization of gain |  |  | 44 |  |  | 35 |
Amortization of transitional asset |  |  | 11 |  |  | 12 |
|  |  | 170 |  |  | (274) |
Taxes |  |  | 46 |  |  | (76) |
Total recognized in other comprehensive income, net of taxes |  | $ | 124 |  | $ | (198) |
Schedule of Amounts Included in Accumulated Other Comprehensive Loss | The accumulated other comprehensive loss consists of the following amounts that have not yet been recognized as components of net benefit cost (in thousands):
|  | December 31, |
|  | 2015 |  | 2014 |
Unrecognized prior service cost |  | $ | 96 |  | $ | 104 |
Unrecognized net actuarial loss |  |  | 48 |  |  | 58 |
Unrecognized transitional obligation |  |  | 1,191 |  |  | 1,344 |
Deferred income taxes |  |  | (394) |  |  | (442) |
|  | $ | 941 |  | $ | 1,064 |
Schedule of Asset Allocations | The asset allocation for the pension plan at the end of 2015 and 2014 and the target allocation for 2016, by asset category, is as follows :
|  | Allocation at December 31, |  |  | 2016 Target |
|  | 2015 |  |  | 2014 |  |  | Allocation |
Equity securities |  |  | 43 | % |  |  | 47 | % |  |  | 43 | %
Fixed income securities |  |  | 47 |  |  |  | 42 |  |  |  | 47 |
Real estate |  |  | 8 |  |  |  | 9 |  |  |  | 8 |
Other |  |  | 2 |  |  |  | 2 |  |  |  | 2 |
|  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Schedule of Fair Value of Plan Assets | The fair market values, by asset category are as follows (in thousands):
|  | Fair Value Measurements at |
|  | December 31, |
|  | 2015 |  | 2014 |
Equity securities |  | $ | 1,082 |  | $ | 1,271 |
Fixed income securities |  |  | 1,182 |  |  | 1,137 |
Real estate |  |  | 201 |  |  | 244 |
Other |  |  | 50 |  |  | 54 |
Total |  | $ | 2,515 |  | $ | 2,706 |
Reconciliation of Plan Assets | Changes in the assets held by the pension plan in the years 2015 and 2014 are as follows (in thousands):
|  | December 31, |
|  | 2015 |  | 2014 |
Fair value of plan assets, at beginning of year |  | $ | 2,706 |  | $ | 2,713 |
Actual return on plan assets |  |  | 164 |  |  | 239 |
Employer contributions |  |  | 135 |  |  | 161 |
Employee contributions |  |  | 30 |  |  | 37 |
Benefits paid |  |  | (160) |  |  | (178) |
Foreign exchange adjustment |  |  | (360) |  |  | (266) |
Fair value of plan assets, at end of year |  | $ | 2,515 |  | $ | 2,706 |
Schedule of Funded Status | The funded status of the pension plan is as follows (in thousands):
|  | December 31, |
|  | 2015 |  | 2014 |
Projected benefit obligation |  | $ | 2,578 |  | $ | 3,057 |
Fair value of plan assets |  |  | 2,515 |  |  | 2,706 |
Accrued obligation (long term) |  | $ | 63 |  | $ | 351 |
Schedule of Assumptions | Assumptions used in accounting for the pension plan are as follows:
|  | December 31, |
|  | 2015 |  |  | 2014 |
Weighted average discount rate used to determine the accrued benefit obligations |  |  | 3.90 | % |  |  | 3.80 | %
Discount rate used to determine the net pension expense |  |  | 3.80 | % |  |  | 4.60 | %
Expected long-term rate on plan assets |  |  | 6.50 | % |  |  | 6.50 | %

X
- Definition Schedule Of Amounts Recognized In Accumulated Other Comprehensive Income Loss [Table Text Block] + References No definition available. + Details
Name: | ppsi_ScheduleOfAmountsRecognizedInAccumulatedOtherComprehensiveincomeLossTableTextBlock
Namespace Prefix: | ppsi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Fair Value Of Plan Assets [Table Text Block] + References No definition available. + Details
Name: | ppsi_ScheduleoffairvalueofplanassetsTableTextBlock
Namespace Prefix: | ppsi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DefinedBenefitPensionPlansAndDefinedBenefitPostretirementPlansDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2439-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2410-114920 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=58242635&loc=d3e4179-114921 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration