Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 34,630	$ 36,406
Accounts receivable, less allowances of $4,541 ($3,744 in 2021)	115,764	98,203
Inventories - net	126,113	114,507
Prepaid tax expense	19,111	19,778
Other current assets	3,458	3,217
TOTAL CURRENT ASSETS	299,076	272,111
Property, plant and equipment - net	156,434	149,774
Operating lease, right-of-use assets	11,793	12,400
Goodwill	38,435	28,194
Other intangible assets - net	16,669	12,039
Deferred income taxes	5,645	3,839
Other assets	6,448	10,661
TOTAL ASSETS	534,500	489,018
LIABILITIES AND SHAREHOLDERS’ EQUITY
Trade accounts payable	51,499	42,376
Notes payable to banks	14,236	16,423
Operating lease liabilities, current	2,012	1,986
Current portion of long-term debt	3,261	3,116
Accrued compensation and other benefits	20,415	21,703
Accrued expenses and other liabilities	21,658	17,522
Dividends payable	1,350	1,301
Income taxes payable	1,066	1,108
TOTAL CURRENT LIABILITIES	115,497	105,535
Long-term debt, less current portion	60,594	40,048
Pension obligation	3,350	3,653
Operating lease liabilities, non-current	7,567	8,154
Deferred income taxes	4,436	2,791
Other noncurrent liabilities	14,147	12,737
Shareholders’ equity:
Common shares - $2 par value per share, 15,000,000 shares authorized, 4,940,094 and 4,907,143 issued and outstanding, at March 31, 2022 and December 31, 2021, respectively	13,302	13,185
Common shares issued to rabbi trust, 244,485 and 243,138 shares at March 31, 2022 and December 31, 2021, respectively	(10,201)	(10,102)
Deferred compensation liability	10,201	10,102
Paid-in capital	48,847	47,814
Retained earnings	421,921	410,673
Treasury shares, at cost, 1,714,822 and 1,685,387 shares at March 31, 2022 and December 31, 2021, respectively	(95,631)	(93,836)
Accumulated other comprehensive loss	(59,529)	(61,719)
TOTAL PREFORMED LINE PRODUCTS, COMPANY SHAREHOLDERS’ EQUITY	328,910	316,117
Noncontrolling interest	(1)	(17)
TOTAL SHAREHOLDERS’ EQUITY	328,909	316,100
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 534,500	$ 489,018