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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 41,158 $ 43,609
Accounts receivable, less allowances of $3,845 ($3,178 in 2018) 85,842 73,139
Inventories - net 92,227 85,259
Prepaids 6,821 6,205
Prepaid taxes 2,068 3,169
Other current assets 4,798 2,882
TOTAL CURRENT ASSETS 232,914 214,263
Property, plant and equipment - net 117,697 102,955
Operating lease, right-of-use assets 12,512 0
Intangibles - net 15,216 8,458
Goodwill 25,278 15,621
Deferred income taxes 8,220 6,900
Other assets 13,167 10,600
TOTAL ASSETS 425,004 358,797
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Trade accounts payable 28,607 26,414
Notes payable to banks 7,398 9,042
Operating lease liabilities, current 2,090 0
Current portion of long-term debt 2,719 1,448
Accrued compensation and amounts withheld from employees 14,957 11,153
Accrued expenses and other liabilities 17,806 12,582
Accrued profit-sharing and other benefits 5,959 6,982
Dividends payable 1,132 1,051
Income taxes payable 2,814 815
TOTAL CURRENT LIABILITIES 83,482 69,487
Long-term debt, less current portion 52,888 24,960
Unfunded pension obligation 5,082 5,259
Operating lease liabilities, non-current 8,366 0
Deferred income taxes 3,619 1,711
Other noncurrent liabilities 11,850 8,010
Shareholders’ equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,016,293 and 5,020,410 issued and outstanding, at September 30, 2019 and December 31, 2018, respectively 12,825 12,662
Common shares issued to rabbi trust, 267,641 and 269,630 shares at September 30, 2019 and December 31, 2018, respectively (10,981) (11,008)
Deferred compensation liability 10,981 11,008
Paid-in capital 37,642 34,401
Retained earnings 348,710 334,170
Treasury shares, at cost, 1,396,152 and 1,310,387 shares at September 30, 2019 and December 31, 2018, respectively (76,781) (72,280)
Accumulated other comprehensive loss (62,733) (59,583)
TOTAL PREFORMED LINE PRODUCTS, COMPANY SHAREHOLDERS’ EQUITY 259,663 249,370
Noncontrolling interest 54 0
TOTAL SHAREHOLDERS’ EQUITY 259,717 249,370
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 425,004 $ 358,797