$PLPC
PREFORMED LINE PRODUCTS CO

2020 Q3 Form 10-Q Financial Statement

#000156459020049177 Filed on October 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $127.5M $119.2M
YoY Change 6.92% 9.97%
Cost Of Revenue $82.55M $79.87M
YoY Change 3.35% 6.61%
Gross Profit $44.91M $39.34M
YoY Change 14.16% 17.47%
Gross Profit Margin 35.24% 33.0%
Selling, General & Admin $22.92M $22.69M
YoY Change 1.04% 10.01%
% of Gross Profit 51.03% 57.66%
Research & Development $4.500M $4.200M
YoY Change 7.14% 13.51%
% of Gross Profit 10.02% 10.68%
Depreciation & Amortization $3.420M $3.300M
YoY Change 3.64% 18.71%
% of Gross Profit 7.61% 8.39%
Operating Expenses $22.92M $22.69M
YoY Change 1.04% 10.01%
Operating Profit $16.89M $11.64M
YoY Change 45.07% 45.27%
Interest Expense $504.0K $735.0K
YoY Change -31.43% 101.92%
% of Operating Profit 2.98% 6.31%
Other Income/Expense, Net $530.0K -$386.0K
YoY Change -237.31% 142.77%
Pretax Income $17.42M $11.26M
YoY Change 54.75% 43.29%
Income Tax $4.458M $3.213M
% Of Pretax Income 25.59% 28.54%
Net Earnings $12.95M $7.951M
YoY Change 62.92% -12.18%
Net Earnings / Revenue 10.16% 6.67%
Basic Earnings Per Share $2.63 $1.58
Diluted Earnings Per Share $2.59 $1.55
COMMON SHARES
Basic Shares Outstanding 4.917M 5.024M
Diluted Shares Outstanding 5.011M 5.119M

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.20M $41.20M
YoY Change 0.0% 21.18%
Cash & Equivalents $41.25M $41.16M
Short-Term Investments
Other Short-Term Assets $10.80M $4.798M
YoY Change 125.09% 28.22%
Inventory $94.32M $92.23M
Prepaid Expenses
Receivables $96.70M $85.84M
Other Receivables $2.800M $2.100M
Total Short-Term Assets $245.9M $232.9M
YoY Change 5.58% 7.88%
LONG-TERM ASSETS
Property, Plant & Equipment $134.4M $117.7M
YoY Change 14.23% 12.51%
Goodwill $27.69M $25.28M
YoY Change 9.54% 59.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.30M $13.17M
YoY Change 31.39% 21.0%
Total Long-Term Assets $206.1M $192.1M
YoY Change 7.31% 29.74%
TOTAL ASSETS
Total Short-Term Assets $245.9M $232.9M
Total Long-Term Assets $206.1M $192.1M
Total Assets $452.0M $425.0M
YoY Change 6.36% 16.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.30M $28.60M
YoY Change 5.94% -3.7%
Accrued Expenses $41.40M $40.80M
YoY Change 1.47% 22.16%
Deferred Revenue
YoY Change
Short-Term Debt $15.60M $7.400M
YoY Change 110.81% 94.74%
Long-Term Debt Due $7.200M $2.719M
YoY Change 164.8% 87.78%
Total Short-Term Liabilities $98.20M $83.48M
YoY Change 17.63% 18.58%
LONG-TERM LIABILITIES
Long-Term Debt $45.20M $52.89M
YoY Change -14.54% 61.83%
Other Long-Term Liabilities $26.20M $11.85M
YoY Change 121.1% 53.5%
Total Long-Term Liabilities $71.40M $64.74M
YoY Change 10.29% 60.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $98.20M $83.48M
Total Long-Term Liabilities $71.40M $64.74M
Total Liabilities $172.5M $148.2M
YoY Change 16.38% 33.77%
SHAREHOLDERS EQUITY
Retained Earnings $348.7M
YoY Change 5.68%
Common Stock $50.47M
YoY Change 9.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $76.78M
YoY Change 6.28%
Treasury Stock Shares $1.396M
Shareholders Equity $279.6M $259.7M
YoY Change
Total Liabilities & Shareholders Equity $452.0M $425.0M
YoY Change 6.35% 16.77%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $12.95M $7.951M
YoY Change 62.92% -12.18%
Depreciation, Depletion And Amortization $3.420M $3.300M
YoY Change 3.64% 18.71%
Cash From Operating Activities $24.38M $14.83M
YoY Change 64.4% -2613.56%
INVESTING ACTIVITIES
Capital Expenditures -$12.40M -$9.970M
YoY Change 24.37% 479.65%
Acquisitions
YoY Change
Other Investing Activities $0.00 $130.0K
YoY Change -100.0%
Cash From Investing Activities -$12.40M -$9.840M
YoY Change 26.02% 472.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.190M -4.680M
YoY Change 53.63% -22.64%
NET CHANGE
Cash From Operating Activities 24.38M 14.83M
Cash From Investing Activities -12.40M -9.840M
Cash From Financing Activities -7.190M -4.680M
Net Change In Cash 4.790M 310.0K
YoY Change 1445.16% -103.71%
FREE CASH FLOW
Cash From Operating Activities $24.38M $14.83M
Capital Expenditures -$12.40M -$9.970M
Free Cash Flow $36.78M $24.80M
YoY Change 48.31% 2094.69%

Facts In Submission

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CY2020Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
563000
CY2019Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
483000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1688000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
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DefinedBenefitPlanAmortizationOfGainsLosses
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CY2019Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-140000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-348000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-390000
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DefinedBenefitPlanNetPeriodicBenefitCost
-140000
CY2019Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
137000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-364000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
214000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
300000
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
2949000
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-75000
CY2019Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-108000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3024000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5789000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-8460000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-264000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-294000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8196000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3150000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
7951000
us-gaap Net Income Loss
NetIncomeLoss
27133000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5039000
us-gaap Net Income Loss
NetIncomeLoss
17679000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4917000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5024000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4963000
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
94000
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
95000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
38000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5011000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5119000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4998000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5077000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.63
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.51
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.59
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.48
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30651000
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16725000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30648000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15532000
CY2020Q3 us-gaap Goodwill
Goodwill
27689000
CY2019Q4 us-gaap Goodwill
Goodwill
27840000
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
500000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1600000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1600000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1600000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1500000
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P12Y7M6D
CY2019Q4 us-gaap Goodwill
Goodwill
27840000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-151000
CY2020Q3 us-gaap Goodwill
Goodwill
27689000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
211634
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
61.29
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
53.68
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
81086
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
55.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
73053
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
54.60
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
13814
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
205853
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
61.09
CY2020Q3 us-gaap Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
265508
CY2020Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
646000
CY2020Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
646000
CY2020Q3 plpc Deferred Compensation Liability Fair Value
DeferredCompensationLiabilityFairValue
6140000
CY2020Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
277000
CY2020Q3 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
204000
CY2020Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
6067000
CY2019Q4 plpc Deferred Compensation Liability Fair Value
DeferredCompensationLiabilityFairValue
6059000
CY2019Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
581000
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
6640000
us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P90D
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1000000.0
CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOTE L – NEW ACCOUNTING STANDARDS TO BE ADOPTED</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In December 2019, the FASB issued ASU No. 2019-12, Income Taxes: Simplifying the Accounting for Income Taxes (“Topic 740”), which simplifies the accounting for income taxes, eliminates certain exceptions within Topic 740 and clarifies certain other aspects of the current guidance to promote consistency among reporting entities. The new standard is effective for fiscal years beginning after December 15, 2020 on a prospective basis and early adoption is permitted. The Company is currently evaluating the impact of the provisions of this standard on the Company’s Consolidated Financial Statements.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (“Topic 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. ASU 2020-04 provides for temporary optional expedients and exceptions to the current guidance on certain contract modifications and hedging relationships to ease the burdens related to the expected market transition from the London Inter-bank Offered Rate (“LIBOR”) or other reference rates to alternative reference rates. The guidance is effective upon issuance and can be applied through December 31, 2022. The Company does not expect the adoption of this standard to have a material impact on its Consolidated Financial Statements.</p>
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
127463000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
119217000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
347944000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
331212000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4458000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3213000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9306000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6302000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
12954000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
7951000
us-gaap Net Income Loss
NetIncomeLoss
27133000
us-gaap Net Income Loss
NetIncomeLoss
17679000
CY2020Q3 us-gaap Assets
Assets
452041000
CY2019Q4 us-gaap Assets
Assets
433571000
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.29
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0
CY2020Q2 plpc Debt To Earnings Before Interest Taxes And Depreciation Ratio
DebtToEarningsBeforeInterestTaxesAndDepreciationRatio
2.25
CY2020Q3 us-gaap Line Of Credit
LineOfCredit
30100000
CY2020Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
34900000
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
100000
plpc Lessee Lease Term Description
LesseeLeaseTermDescription
the leases in effect were related to land, buildings, vehicles, office equipment and other production equipment under operating leases with lease terms of up to 99 years.
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
751000
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
859000
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
15000
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
17000
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000
CY2020Q3 us-gaap Lease Cost
LeaseCost
767000
CY2019Q3 us-gaap Lease Cost
LeaseCost
878000
us-gaap Operating Lease Cost
OperatingLeaseCost
2193000
us-gaap Operating Lease Cost
OperatingLeaseCost
2338000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
47000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
51000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000
us-gaap Lease Cost
LeaseCost
2246000
us-gaap Lease Cost
LeaseCost
2397000
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0455
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0419
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
668000
CY2020Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
30000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2408000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
36000
CY2020Q3 plpc Lessee Operating Lease Liability Payments Due Year Four And Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearFourAndThereafter
10003000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1343000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
60000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1905000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
40000
CY2020Q3 plpc Finance Lease Liability Payments Due Year Four And Thereafter
FinanceLeaseLiabilityPaymentsDueYearFourAndThereafter
6000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16327000
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
172000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5585000
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
9000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
10742000
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
163000
CY2020Q3 plpc Lessee Operating Sublease Lease Receivable Payments To Be Received
LesseeOperatingSubleaseLeaseReceivablePaymentsToBeReceived
2900000
plpc Operating Cash Flows From Operating And Financing Leases
OperatingCashFlowsFromOperatingAndFinancingLeases
2100000
plpc Operating Cash Flows From Operating And Financing Leases
OperatingCashFlowsFromOperatingAndFinancingLeases
4618000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
87000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
74000

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