Share Holders Equity

9 Months Ended

Sep. 30, 2019

NOTE D – SHARE HOLDERS EQUITY

The following table reflects the changes in shareholders equity for the three and nine months ended September 30, 2019 and 2018:

																			Accumulated Other Comprehensive Income (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, 2018		$	12,662	$	(11,008	)	$	11,008		$	34,401		$	334,170		$	(72,280	)	$	(53,710	)	$	(5,873	)	$	249,370		$	0		$	249,370
Net income														1,824												1,824						1,824
Foreign currency translation adjustment																				1,353						1,353						1,353
Recognized net actuarial gain, net of tax provision of $32																							93			93						93
Total comprehensive income																										3,270						3,270
Share-based compensation											928			(36	)											892						892
Purchase of 40,891 common shares																	(2,294	)								(2,294	)					(2,294	)
Issuance of 78,821 common shares			159								(18	)														141						141
Common shares issued to rabbi trust of 705, net					(30	)		30																		0						0
Cash dividends declared – $.20 per share											(165	)		(1,011	)											(1,176	)					(1,176	)
Balance at March 31, 2019		$	12,821	$	(11,038	)	$	11,038		$	35,146		$	334,947		$	(74,574	)	$	(52,357	)	$	(5,780	)	$	250,203		$	0		$	250,203
Net income														7,904												7,904			(39	)		7,865
Foreign currency translation adjustment																				1,100						1,100						1,100
Recognized net actuarial gain, net of tax provision of $31																							93			93						93
Total comprehensive income																										9,097			(39	)		9,058
Share-based compensation											1,028			(43	)											985						985
Purchase of 29,724 common shares																	(1,456	)								(1,456	)					(1,456	)
Issuance of 525 common shares			1								26															27						27
Common shares issued to rabbi trust of 525, net					(28	)		28																		0						0
Cash dividends declared – $.20 per share														(1,004	)											(1,004	)					(1,004	)
Balance at June 30, 2019		$	12,822	$	(11,066	)	$	11,066		$	36,200		$	341,804		$	(76,030	)	$	(51,257	)	$	(5,687	)	$	257,852		$	(39	)	$	257,813
Net income														7,951												7,951			93			8,044
Foreign currency translation adjustment																				(5,897	)					(5,897	)					(5,897	)
Recognized net actuarial gain, net of tax provision of $32																							108			108						108
Total comprehensive income																										2,162			93			2,255
Share-based compensation											1,388			(43	)											1,345						1,345
Purchase of 15,150 common shares																	(751	)								(751	)					(751	)
Issuance of 1,262 common shares			3								54															57						57
Common shares distributed from rabbi trust of 3,219, net					85			(85	)																	0						0
Cash dividends declared – $.20 per share														(1,002	)											(1,002	)					(1,002	)
Balance at September 30, 2019		$	12,825	$	(10,981	)	$	10,981		$	37,642		$	348,710		$	(76,781	)	$	(57,154	)	$	(5,579	)	$	259,663		$	54		$	259,717

																			Accumulated Other Comprehensive Income (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 Equity
	(In thousands, except share and per share data)
Balance at December 31, 2017		$	12,593	$	(11,834	)	$	11,834		$	29,734		$	311,765		$	(68,115	)	$	(41,425	)	$	(6,015	)	$	238,537
Net income														5,528												5,528
Foreign currency translation adjustment																				3,832						3,832
Recognized net actuarial gain, net of tax provision of $30																							91			91
Total comprehensive income																										9,451
Share-based compensation											790			(9	)											781
Purchase of 10,907 common shares																	(833	)								(833	)
Issuance of 21,458 common shares			42								52															94
Common shares issued to rabbi trust of 112, net					(15	)		15																		0
Cash dividends declared - $.20 per share														(1,009	)											(1,009	)
Balance at March 31, 2018		$	12,635	$	(11,849	)	$	11,849		$	30,576		$	316,275		$	(68,948	)	$	(37,593	)	$	(5,924	)	$	247,021
Net income														6,735												6,735
Foreign currency translation adjustment																				(13,367	)					(13,367	)
Recognized net actuarial gain, net of tax provision of $29																							92			92
Total comprehensive income																										(6,540	)
Share-based compensation											1,994			(49	)											1,945
Purchase of 13,500 common shares																	(981	)								(981	)
Issuance of 1,730 common shares			4																							4
Common shares distributed from rabbi trust of 19,780, net					861			(861	)																	0
Cash dividends declared - $.20 per share											(913	)		(1,007	)											(1,920	)
Balance at June 30, 2018		$	12,639	$	(10,988	)	$	10,988		$	31,657		$	321,954		$	(69,929	)	$	(50,960	)	$	(5,832	)	$	239,529
Net income														9,054												9,054
Foreign currency translation adjustment																				(563	)					(563	)
Recognized net actuarial gain, net of tax provision of $35																							116			116
Total comprehensive income																										8,607
Share-based compensation											1,421			(17	)											1,404
Purchase of 27,141 common shares																	(2,313	)								(2,313	)
Issuance of 272 common shares			4								206															210
Common shares issued to rabbi trust of 272, net					(20	)		20																		0
Cash dividends declared - $.20 per share														(1,032	)											(1,032	)
Balance at September 30, 2018		$	12,643	$	(11,008	)	$	11,008		$	33,284		$	329,959		$	(72,242	)	$	(51,523	)	$	(5,716	)	$	246,405