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Pension Plans
9 Months Ended
Sep. 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 September 30

 

 

Nine Months Ended September 30

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Service cost

 

$

22

 

 

$

65

 

 

$

188

 

 

$

192

 

Interest cost

 

 

346

 

 

 

363

 

 

 

1,012

 

 

 

1,092

 

Expected return on plan assets

 

 

(612

)

 

 

(476

)

 

 

(1,603

)

 

 

(1,427

)

Recognized net actuarial loss

 

 

151

 

 

 

80

 

 

 

393

 

 

 

324

 

Net periodic pension cost (benefit)

 

$

(93

)

 

$

32

 

 

$

(10

)

 

$

181

 

 

A total of $5.3 million in contributions were made to the Plan during the nine months ended September 30, 2018. The Company does not plan to contribute additional funds to the Plan during the remainder of 2018.