2013 Form 10-K Financial Statement

#000119312514099760 Filed on March 14, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $409.8M $104.2M $114.2M
YoY Change -6.7% -1.79% 5.07%
Cost Of Revenue $278.9M $71.20M $75.70M
YoY Change -5.39% -0.97% 6.47%
Gross Profit $130.9M $32.95M $38.51M
YoY Change -9.37% -3.65% 2.41%
Gross Profit Margin 31.94% 31.62% 33.72%
Selling, General & Admin $80.26M $18.60M $22.13M
YoY Change -3.67% 1.09% 1.52%
% of Gross Profit 61.31% 56.44% 57.48%
Research & Development $2.300M $4.200M $3.900M
YoY Change 9.52% 20.0% 21.88%
% of Gross Profit 1.76% 12.75% 10.13%
Depreciation & Amortization $12.09M $3.330M $2.810M
YoY Change 4.53% 16.03% 8.91%
% of Gross Profit 9.23% 10.11% 7.3%
Operating Expenses $82.56M $23.80M $22.13M
YoY Change -3.34% 7.21% -19.52%
Operating Profit $31.15M $9.153M $13.16M
YoY Change -29.4% -23.72% 30.29%
Interest Expense $450.0K $100.0K $144.0K
YoY Change -24.62%
% of Operating Profit 1.44% 1.09% 1.09%
Other Income/Expense, Net $646.0K $100.0K $251.0K
YoY Change -8.37% -80.0% 25.5%
Pretax Income $31.79M $9.313M $13.41M
YoY Change -29.07% -25.5% 31.47%
Income Tax $11.21M $4.000M $4.126M
% Of Pretax Income 35.25% 42.95% 30.77%
Net Earnings $20.59M $5.273M $9.284M
YoY Change -29.7% -40.75% 38.57%
Net Earnings / Revenue 5.02% 5.06% 8.13%
Basic Earnings Per Share $3.84 $0.99 $1.75
Diluted Earnings Per Share $3.77 $0.98 $1.71
COMMON SHARES
Basic Shares Outstanding 5.361M shares 5.319K shares
Diluted Shares Outstanding 5.467M shares 5.431K shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.30M $28.10M $28.10M
YoY Change -13.52% -12.46% 18.07%
Cash & Equivalents $24.30M $28.12M $28.12M
Short-Term Investments
Other Short-Term Assets $16.30M $2.432M $13.60M
YoY Change 10.88% -82.38% -17.07%
Inventory $73.80M $86.92M $87.80M
Prepaid Expenses
Receivables $67.60M $61.70M $75.80M
Other Receivables $3.700M $2.700M $2.400M
Total Short-Term Assets $185.7M $194.1M $207.7M
YoY Change -4.33% -5.55% 5.92%
LONG-TERM ASSETS
Property, Plant & Equipment $100.5M $93.33M $90.00M
YoY Change 7.72% 12.58% 14.07%
Goodwill $15.54M
YoY Change 27.36%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.60M $9.993M $16.60M
YoY Change 27.95% -35.11% 23.88%
Total Long-Term Assets $146.7M $139.0M $136.4M
YoY Change 5.54% 14.09% 17.48%
TOTAL ASSETS
Total Short-Term Assets $185.7M $194.1M $207.7M
Total Long-Term Assets $146.7M $139.0M $136.4M
Total Assets $332.4M $333.1M $344.1M
YoY Change -0.21% 1.76% 10.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.80M $21.80M $25.00M
YoY Change 0.0% -14.84% -8.42%
Accrued Expenses $27.00M $11.97M $37.50M
YoY Change -8.78% -58.3% 11.28%
Deferred Revenue
YoY Change
Short-Term Debt $1.100M $468.0K $700.0K
YoY Change 450.0% -76.6% -74.07%
Long-Term Debt Due $200.0K $251.0K $400.0K
YoY Change -33.33% -58.17% -33.33%
Total Short-Term Liabilities $52.20M $58.24M $68.30M
YoY Change -10.31% -5.76% -3.53%
LONG-TERM LIABILITIES
Long-Term Debt $13.10M $9.322M $14.90M
YoY Change 40.86% -66.71% 11.19%
Other Long-Term Liabilities $11.20M $4.457M $21.30M
YoY Change -43.72% -79.17% 42.95%
Total Long-Term Liabilities $24.30M $13.78M $36.20M
YoY Change -16.78% -72.11% 27.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.20M $58.24M $68.30M
Total Long-Term Liabilities $24.30M $13.78M $36.20M
Total Liabilities $80.10M $72.02M $108.9M
YoY Change -12.93% -37.1% 6.35%
SHAREHOLDERS EQUITY
Retained Earnings $227.6M
YoY Change
Common Stock $27.11M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 689.5K shares
Shareholders Equity $252.3M $241.1M $235.2M
YoY Change
Total Liabilities & Shareholders Equity $332.4M $333.1M $344.1M
YoY Change -0.21% 1.76% 10.22%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $20.59M $5.273M $9.284M
YoY Change -29.7% -40.75% 38.57%
Depreciation, Depletion And Amortization $12.09M $3.330M $2.810M
YoY Change 4.53% 16.03% 8.91%
Cash From Operating Activities $18.22M $15.08M $12.86M
YoY Change -63.83% 585.45% 1.1%
INVESTING ACTIVITIES
Capital Expenditures $21.03M -$5.500M -$2.650M
YoY Change -0.04% -14.2% -55.83%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$3.110M $50.00K $10.00K
YoY Change -3.12% -79.17% -83.33%
Cash From Investing Activities -$24.14M -$5.450M -$2.640M
YoY Change -0.44% -11.67% -55.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.362M
YoY Change -730.56%
Debt Paid & Issued, Net $69.88M
YoY Change -21.53%
Cash From Financing Activities -3.177M -9.770M -12.84M
YoY Change -89.56% -176.03% 116.16%
NET CHANGE
Cash From Operating Activities 18.22M 15.08M 12.86M
Cash From Investing Activities -24.14M -5.450M -2.640M
Cash From Financing Activities -3.177M -9.770M -12.84M
Net Change In Cash -9.098M -140.0K -2.620M
YoY Change 112.27% -101.58% -411.9%
FREE CASH FLOW
Cash From Operating Activities $18.22M $15.08M $12.86M
Capital Expenditures $21.03M -$5.500M -$2.650M
Free Cash Flow -$2.811M $20.58M $15.51M
YoY Change -109.58% 139.02% -17.15%

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CY2011 plpc Related Party Transaction Reportable Compensation Payment
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184608
CY2011 plpc Unrecognized Tax Benefits Interest On Income Taxes Expense Maximum
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpenseMaximum
100000
CY2011 plpc Related Party Transaction Rent Expense
RelatedPartyTransactionRentExpense
300000
CY2011 plpc Income Tax Reconciliation Repatriation Of Earnings And Related Tax Credits Foreign
IncomeTaxReconciliationRepatriationOfEarningsAndRelatedTaxCreditsForeign
-261000
CY2011 plpc Provision For Inventory Reserves
ProvisionForInventoryReserves
1480000
CY2011 plpc Retirement And Profit Sharing Plan Expenses
RetirementAndProfitSharingPlanExpenses
300000
CY2011 plpc Net Investment In Life Insurance
NetInvestmentInLifeInsurance
-28000
CY2011 plpc Related Party Transaction Labor Expense
RelatedPartyTransactionLaborExpense
700000
CY2011 plpc Related Party Transaction Share Based Compensation
RelatedPartyTransactionShareBasedCompensation
99600
CY2011 plpc Income Tax Reconciliation Us Federal Permanent Items
IncomeTaxReconciliationUsFederalPermanentItems
14000
CY2011 plpc Related Party Transaction Lease Expenses
RelatedPartyTransactionLeaseExpenses
300000
CY2011 plpc Related Party Transaction Maintenance And Building Expense
RelatedPartyTransactionMaintenanceAndBuildingExpense
200000
CY2011 plpc Stock Issued During Period Value Shares Held In Employee Trust
StockIssuedDuringPeriodValueSharesHeldInEmployeeTrust
0
CY2011 plpc Research And Engineering Expense
ResearchAndEngineeringExpense
13360000
CY2011 plpc Repurchase Of Common Stock From Related Party
RepurchaseOfCommonStockFromRelatedParty
2899000
CY2011 plpc Income Tax Reconciliation Unrecognized Tax Benefits Net
IncomeTaxReconciliationUnrecognizedTaxBenefitsNet
21000
CY2013 dei Entity Registrant Name
EntityRegistrantName
PREFORMED LINE PRODUCTS CO
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000080035
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
53446 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y7M6D
CY2013 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <i>Revenue Recognition</i></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 8%; -webkit-text-stroke-width: 0px"> Sales are recognized when products are shipped and the title and risk of loss has passed to unaffiliated customers or when they are delivered based on the terms of the sale, there is persuasive evidence of an agreement, the price is fixed or determinable and collectibility is reasonably assured. Revenue related to shipping and handling costs billed to customers is included in net sales and the related shipping and handling costs are included in cost of products sold.</p> </div>
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.77
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5467000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
106000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.84
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
39.92
CY2013 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0400 pure
CY2013 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
68369 shares
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 Segment
CY2013 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.01125 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18223000
CY2013 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0800 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
41.59
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
70.27
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5361000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y7M6D
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
19150 shares
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Reclassifications</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Certain prior year amounts have been reclassified to conform to current year presentation.</p> </div>
CY2013 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
pure
CY2013 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
89807 shares
CY2013 us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Use of Estimates</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</p> </div>
CY2013 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-1700000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
68369 shares
CY2013 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
34575 shares
CY2013 us-gaap Interest Paid Net
InterestPaidNet
400000
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3700000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16549000
CY2013 us-gaap Gross Profit
GrossProfit
130901000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31794000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
19900000
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2305000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
187000
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
409776000
CY2013 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
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0
CY2013 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
15406000
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
478000
CY2013 us-gaap Repayments Of Long Term Debt
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69884000
CY2013 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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372000
CY2013 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
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0
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16388000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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6619000
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
618000
CY2013 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-8457000
CY2013 us-gaap Profit Loss
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20587000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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357000
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
56000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
31148000
CY2013 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
453000
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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4113000
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-900000
CY2013 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-4901000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8457000
CY2013 us-gaap Increase Decrease In Accounts Receivable
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10273000
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
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1247000
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
646000
CY2013 us-gaap Net Income Loss
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20587000
CY2013 us-gaap Increase Decrease In Inventories
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-3040000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2957000
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2881000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
357000
CY2013 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1436000
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1519000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21034000
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
3642000
CY2013 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-4670000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-3906000
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
2506000
CY2013 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
5600000
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
685000
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
99753000
CY2013 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
0
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
588000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-306000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44557000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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-3177000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1091000
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-306000
CY2013 us-gaap Cost Of Goods Sold
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278875000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2013 us-gaap Defined Benefit Plan Amount To Be Amortized From Accumulated Other Comprehensive Income Loss Next Fiscal Year
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12000
CY2013 us-gaap Dividends Common Stock Cash
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3210000
CY2013 us-gaap Defined Benefit Plan Actual Return On Plan Assets
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-3154000
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530000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
3057000
CY2013 us-gaap Goodwill Translation Adjustments
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-802000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
837000
CY2013 us-gaap Stock Repurchased During Period Value
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6911000
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
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922000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
637000
CY2013 us-gaap Selling And Marketing Expense
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35704000
CY2013 us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Next Fiscal Year
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700000
CY2013 us-gaap Current State And Local Tax Expense Benefit
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986000
CY2013 us-gaap Operating Leases Rent Expense Net
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3800000
CY2013 us-gaap Interest Expense
InterestExpense
450000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
583000
CY2013 us-gaap Proceeds From Issuance Of Common Stock
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1519000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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11128000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
532000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1081000
CY2013 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1251000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24144000
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2300000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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493000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-181000
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12088000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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0
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
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73638000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
357000
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
862000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12312000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5018000
CY2013 us-gaap Depreciation
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10600000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
157000
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1467000
CY2013 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
222000
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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165000
CY2013 us-gaap Current Federal Tax Expense Benefit
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6308000
CY2013 us-gaap Advertising Expense
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2000000
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
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CY2013 us-gaap Defined Benefit Plan Future Amortization Of Prior Service Cost Credit
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0
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11207000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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1953000
CY2013 plpc Net Investment In Life Insurance
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10000
CY2013 plpc Related Party Transactions Number Of Property Rented
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2 Property
CY2013 plpc Stock Issued During Period Shares Shares Held In Employee Trust
StockIssuedDuringPeriodSharesSharesHeldInEmployeeTrust
69120 shares
CY2013 plpc Operating Loss Carryforwards Expiration Period Start Year
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2014
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513000
CY2013 plpc Minimum Percentage Of Ownership In Investments For Consolidation
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0.50 pure
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100000
CY2013 plpc Related Party Transaction Rent Expense
RelatedPartyTransactionRentExpense
300000
CY2013 plpc Income Tax Reconciliation Repatriation Of Earnings And Related Tax Credits Foreign
IncomeTaxReconciliationRepatriationOfEarningsAndRelatedTaxCreditsForeign
-658000
CY2013 plpc Description Of Cash And Cash Equivalents Original Maturities
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2672000
CY2013 plpc Line Of Credit Maturity Date
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2017-01
CY2013 plpc Retirement And Profit Sharing Plan Expenses
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300000
CY2013 plpc Fair Value Liabilities Level Two Transfers In And Out Amount
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0
CY2013 plpc Related Party Transaction Labor Expense
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300000
CY2013 plpc Supplemental Profit Sharing Plan Variable Rate Basis
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0.01 pure
CY2013 plpc Increase Decrease In Net Deferred Tax Assets
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CY2013 plpc Income Tax Reconciliation Us Federal Permanent Items
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124000
CY2013 plpc Related Party Transaction Lease Expenses
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300000
CY2013 plpc Number Of Major Customers Accounted For Revenue
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0 Customer
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0
CY2013 plpc Stock Issued During Period Value Shares Held In Employee Trust
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0
CY2013 plpc Operating Loss Carryforwards Expiration Period End Year
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2018
CY2013 plpc Related Party Transactions Number Of Property Leased
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2 Lease
CY2013 plpc Weighted Average Remaining Amortization Period By Intangible Asset
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P24Y
CY2013 plpc Research And Engineering Expense
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14708000
CY2013 plpc Supplemental Profit Sharing Plan Interest Rate
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0.0115 pure
CY2013 plpc Repurchase Of Common Stock From Related Party
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4030000
CY2013 plpc Income Tax Reconciliation Capital Loss Expirations
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-770000
CY2013 plpc Valuation Allowances Credited To Income Tax Provision
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1100000
CY2012 us-gaap Fair Value Assumptions Expected Term
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P6Y
CY2012 us-gaap Earnings Per Share Diluted
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5.45
CY2012 us-gaap Common Stock Dividends Per Share Declared
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1.00
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2012 us-gaap Fair Value Assumptions Expected Volatility Rate
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0.470 pure
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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5371000 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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47000 shares
CY2012 us-gaap Earnings Per Share Basic
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5.50
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0.0450 pure
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
74276 shares
CY2012 us-gaap Fair Value Assumptions Risk Free Interest Rate
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0.013 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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50385000
CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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