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Pension Plans
6 Months Ended
Jun. 30, 2018
Compensation And Retirement Disclosure [Abstract]  
Pension Plans

NOTE D – PENSION PLANS

The Company uses a December 31 measurement date for the Preformed Line Products Company Employees’ Retirement Plan (the “Plan”).  Net periodic pension cost for this plan included the following components:

 

 

 

Three Months Ended June 30

 

 

Six Months Ended June 30

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Service cost

 

$

84

 

 

$

72

 

 

$

166

 

 

$

127

 

Interest cost

 

 

333

 

 

 

363

 

 

 

666

 

 

 

729

 

Expected return on plan assets

 

 

(496

)

 

 

(476

)

 

 

(991

)

 

 

(951

)

Recognized net actuarial loss

 

 

121

 

 

 

131

 

 

 

242

 

 

 

248

 

Net periodic pension cost

 

$

42

 

 

$

90

 

 

$

83

 

 

$

153

 

 

A $.5 million contribution was made to the Plan during the six months ended June 30, 2018. The Company will contribute $.1 million of additional funding to the Plan during the second half of 2018 and is continuing to evaluate the benefits of contributing additional funds to the Plan during the remainder of the current fiscal year.