Shareholders Equity

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Shareholders Equity

NOTE D – SHAREHOLDERS' EQUITY

The following table reflects the changes in shareholders' equity for the three months ended March 31, 2022 and 2021:

																	Accumulated Other Comprehensive Loss
		Common Shares		Common Shares Issued to Rabbi Trust			Deferred Compensation Liability		Paid in Capital		Retained Earnings			Treasury Shares			Cumulative Translation Adjustment			Unrecognized Pension Benefit Cost			Total Preformed Line Products Company Equity			Noncontrolling Interests			Total Equity
	(In thousands, except share and per share data)
Balance at December 31, 2021		$	13,185	$	(10,102	)	$	10,102	$	47,814	$	410,673		$	(93,836	)	$	(56,223	)	$	(5,496	)	$	316,117		$	(17	)	$	316,100
Net income												12,285												12,285			16			12,301
Foreign currency translation adjustment																		2,101						2,101						2,101
Recognized net actuarial gain, net of tax provision of $28																					89			89						89
Total comprehensive income																								14,475			16			14,491
Share-based compensation										871														871						871
Purchase of 29,436 common shares															(1,795	)								(1,795	)					(1,795	)
Issuance of 62,387 common shares			117							162														279						279
Common shares issued to rabbi trust of 12,752, net					(99	)		99																0						0
Cash dividends declared - $.20 per share												(1,037	)											(1,037	)					(1,037	)
Balance at March 31, 2022		$	13,302	$	(10,201	)	$	10,201	$	48,847	$	421,921		$	(95,631	)	$	(54,122	)	$	(5,407	)	$	328,910		$	(1	)	$	328,909

																			Accumulated Other Comprehensive Loss
		Common Shares		Common Shares Issued to Rabbi Trust			Deferred Compensation Liability			Paid in Capital			Retained Earnings			Treasury Shares			Cumulative Translation Adjustment			Unrecognized Pension Benefit Cost			Total Preformed Line Products Company Equity			Noncontrolling Interests			Total Equity
	(In thousands, except share and per share data)
Balance at December 31, 2020		$	13,028	$	(10,940	)	$	10,940		$	43,134		$	379,035		$	(88,568	)	$	(47,847	)	$	(6,704	)	$	292,078		$	(9	)	$	292,069
Net income														7,179												7,179			(2	)		7,177
Foreign currency translation adjustment																				(4,829	)					(4,829	)					(4,829	)
Recognized net actuarial gain, net of tax provision of $35																							114			114						114
Total comprehensive income																										2,464			(2	)		2,462
Share-based compensation											1,034			(40	)											994						994
Purchase of 52,590 common shares																	(3,678	)								(3,678	)					(3,678	)
Issuance of 63,316 common shares			127								270															397						397
Common shares distributed from rabbi trust of 3,727, net					120			(120	)																	0						0
Cash dividends declared - $.20 per share											(116	)		(990	)											(1,106	)					(1,106	)
Balance at March 31, 2021		$	13,155	$	(10,820	)	$	10,820		$	44,322		$	385,184		$	(92,246	)	$	(52,676	)	$	(6,590	)	$	291,149		$	(11	)	$	291,138