Segment Information |
NOTE M – SEGMENT INFORMATION
The following tables present a summary of the Company’s reportable segments for the three and six months ended June 30, 2020 and 2019. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.
|
|
Three Months Ended June 30 |
|
|
Six Months Ended June 30 |
|
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
Net sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
53,966 |
|
|
$ |
46,369 |
|
|
$ |
100,567 |
|
|
$ |
87,794 |
|
The Americas |
|
|
17,486 |
|
|
|
17,708 |
|
|
|
34,727 |
|
|
|
31,479 |
|
EMEA |
|
|
21,048 |
|
|
|
22,610 |
|
|
|
41,408 |
|
|
|
38,244 |
|
Asia-Pacific |
|
|
25,129 |
|
|
|
28,155 |
|
|
|
43,779 |
|
|
|
54,478 |
|
Total net sales |
|
$ |
117,629 |
|
|
$ |
114,842 |
|
|
$ |
220,481 |
|
|
$ |
211,995 |
|
Intersegment sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
2,129 |
|
|
$ |
2,166 |
|
|
$ |
5,001 |
|
|
$ |
4,429 |
|
The Americas |
|
|
2,813 |
|
|
|
1,626 |
|
|
|
4,677 |
|
|
|
3,756 |
|
EMEA |
|
|
1,156 |
|
|
|
326 |
|
|
|
1,622 |
|
|
|
563 |
|
Asia-Pacific |
|
|
3,910 |
|
|
|
3,932 |
|
|
|
6,004 |
|
|
|
7,127 |
|
Total intersegment sales |
|
$ |
10,008 |
|
|
$ |
8,050 |
|
|
$ |
17,304 |
|
|
$ |
15,875 |
|
Income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
2,025 |
|
|
$ |
1,766 |
|
|
$ |
2,871 |
|
|
$ |
1,252 |
|
The Americas |
|
|
812 |
|
|
|
870 |
|
|
|
1,445 |
|
|
|
1,046 |
|
EMEA |
|
|
445 |
|
|
|
3 |
|
|
|
531 |
|
|
|
78 |
|
Asia-Pacific |
|
|
115 |
|
|
|
345 |
|
|
|
1 |
|
|
|
712 |
|
Total income taxes |
|
$ |
3,397 |
|
|
$ |
2,984 |
|
|
$ |
4,848 |
|
|
$ |
3,088 |
|
Net income attributable to Preformed Line
Products Company shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
6,135 |
|
|
$ |
4,278 |
|
|
$ |
9,686 |
|
|
$ |
4,197 |
|
The Americas |
|
|
1,695 |
|
|
|
1,659 |
|
|
|
2,690 |
|
|
|
2,623 |
|
EMEA |
|
|
2,247 |
|
|
|
805 |
|
|
|
2,583 |
|
|
|
1,317 |
|
Asia-Pacific |
|
|
404 |
|
|
|
1,162 |
|
|
|
(780 |
) |
|
|
1,591 |
|
Total net income attributable to Preformed Line
Products Company shareholders |
|
$ |
10,481 |
|
|
$ |
7,904 |
|
|
$ |
14,179 |
|
|
$ |
9,728 |
|
|
|
June 30, 2020 |
|
|
December 31, 2019 |
|
Assets |
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
134,700 |
|
|
$ |
127,428 |
|
The Americas |
|
|
70,792 |
|
|
|
71,908 |
|
EMEA |
|
|
100,903 |
|
|
|
97,126 |
|
Asia-Pacific |
|
|
129,871 |
|
|
|
137,109 |
|
Total identifiable assets |
|
$ |
436,266 |
|
|
$ |
433,571 |
|
|