Preformed Line Products (PLPC) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 01, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	PLPC
Entity Registrant Name	PREFORMED LINE PRODUCTS CO
Entity Central Index Key	80,035
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		5,272,030

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 26,870	$ 29,643
Accounts receivable, less allowances of $2,135 ($2,370 in 2014)	66,195	67,942
Inventories - net	73,071	80,037
Deferred income taxes	8,886	7,249
Prepaids	5,908	6,926
Prepaid taxes	4,671	2,241
Other current assets	7,904	6,625
TOTAL CURRENT ASSETS	193,505	200,663
Property, plant and equipment - net	92,209	102,531
Patents and other intangibles - net	11,323	14,121
Goodwill	15,551	17,792
Deferred income taxes	6,656	5,773
Other assets	12,477	13,087
TOTAL ASSETS	331,721	353,967
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	1,027	1,809
Current portion of long-term debt	104	116
Trade accounts payable	22,392	22,332
Accrued compensation and amounts withheld from employees	12,318	9,876
Accrued expenses and other liabilities	12,923	13,021
Accrued profit-sharing and other benefits	5,082	5,151
Dividends payable	1,073	1,220
Income taxes payable and deferred income taxes	839	1,802
TOTAL CURRENT LIABILITIES	55,758	55,327
Long-term debt, less current portion	31,659	31,749
Unfunded pension obligation	12,336	12,503
Income taxes payable	193	1,735
Deferred income taxes	4,324	3,283
Other noncurrent liabilities	6,865	6,445
Shareholders' equity:
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,296,036 and 5,397,138 issued and outstanding, net of 922,425 and 819,424 treasury shares at par, respectively, at September 30, 2015 and December 31, 2014	10,592	10,794
Common shares issued to rabbi trust, 291,021 and 292,609 shares at September 30, 2015 and December 31, 2014	(11,657)	(11,790)
Deferred compensation liability	11,657	11,790
Paid-in capital	22,344	22,795
Retained earnings	241,557	244,470
Accumulated other comprehensive loss	(53,907)	(35,134)
TOTAL SHAREHOLDERS' EQUITY	220,586	242,925
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 331,721	$ 353,967

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Accounts receivable, less allowances	$ 2,135	$ 2,370
Common stock, par value	$ 2	$ 2
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	5,296,036	5,397,138
Common stock, shares outstanding	5,296,036	5,397,138
Treasury shares, at par	922,425	819,424
Common stock, shares issued to rabbi trust	291,021	292,609

Statements of Consolidated Inco

Statements of Consolidated Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net sales	$ 89,046	$ 102,100	$ 262,705	$ 292,006
Cost of products sold	62,887	69,645	185,342	200,906
GROSS PROFIT	26,159	32,455	77,363	91,100
Costs and expenses
Selling	7,893	9,444	22,852	27,010
General and administrative	8,010	10,153	27,596	32,147
Research and engineering	3,745	4,399	11,320	12,357
Other operating expense - net	4,425	3,324	8,410	2,626
Total costs and expenses	24,073	27,320	70,178	74,140
OPERATING INCOME	2,086	5,135	7,185	16,960
Other income (expense)
Interest income	103	138	317	345
Interest expense	(141)	(141)	(423)	(504)
Other income - net	93	162	(531)	236
Total other income (expense)	55	159	(637)	77
INCOME BEFORE INCOME TAXES	2,141	5,294	6,548	17,037
Income taxes	1,935	2,739	2,918	6,664
NET INCOME	$ 206	$ 2,555	$ 3,630	$ 10,373
BASIC EARNINGS PER SHARE
Net income	$ 0.04	$ 0.48	$ 0.67	$ 1.93
DILUTED EARNINGS PER SHARE
Net income	0.04	0.48	0.67	1.92
Cash dividends declared per share	$ 0.20	$ 0.20	$ 0.60	$ 0.60
Weighted-average number of shares outstanding - basic	5,356	5,372	5,381	5,384
Weighted-average number of shares outstanding - diluted	5,372	5,376	5,397	5,389

Statements of Consolidated Comp

Statements of Consolidated Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income	$ 206	$ 2,555	$ 3,630	$ 10,373
Other comprehensive loss, net of tax
Foreign currency translation adjustment	(10,001)	(9,813)	(19,046)	(5,688)
Recognized net actuarial loss (net of tax provision of $59 and $2 for the three months ended September 30, 2015 and 2014, respectively, and net of tax provision $164 and $5 for the nine months ended September 30, 2015 and 2014, respectively)	99	2	273	7
Other comprehensive loss, net of tax	(9,902)	(9,811)	(18,773)	(5,681)
Comprehensive income (loss)	$ (9,696)	$ (7,256)	$ (15,093)	$ 4,692

Statements of Consolidated Com6

Statements of Consolidated Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net of tax provision on recognized net actuarial loss	$ 59	$ 2	$ 164	$ 5

Statements of Consolidated Cash

Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES
Net income	$ 3,630	$ 10,373
Adjustments to reconcile net income to net cash provided by (used in) operations:
Depreciation and amortization	9,094	9,584
Provision for accounts receivable allowances	413	773
Provision for inventory reserves	1,005	1,238
Deferred income taxes	(1,919)	(367)
Share-based compensation expense	(546)	788
Excess tax benefits from share-based awards	(20)	(160)
Other - net	371	116
Changes in operating assets and liabilities (excluding impact of acquired assets):
Accounts receivable	(3,874)	(5,414)
Inventories	(2,913)	(2,861)
Trade accounts payables and accrued liabilities	7,406	6,576
Income taxes payable	(1,696)	408
Other - net	(3,079)	30
NET CASH PROVIDED BY OPERATING ACTIVITIES	7,872	21,084
INVESTING ACTIVITIES
Capital expenditures	(6,709)	(14,485)
Business acquisitions, net of cash acquired	0	(14,975)
Proceeds from the sale of property and equipment	917	123
Restricted cash and purchase of fixed-term deposits	(2,419)	(814)
NET CASH USED IN INVESTING ACTIVITIES	(8,211)	(30,151)
FINANCING ACTIVITIES
Increase (decrease) in notes payable to banks	(146)	188
Proceeds from the issuance of long-term debt	39,995	60,427
Payments of long-term debt	(40,033)	(41,416)
Dividends paid	(3,176)	(3,312)
Excess tax benefits from share-based awards	20	160
Proceeds from issuance of common shares	80	167
Purchase of common shares for treasury	(2,378)	(104)
Purchase of common shares for treasury from related parties	(1,215)	(2,130)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(6,853)	13,980
Effects of exchange rate changes on cash and cash equivalents	4,419	(482)
Net increase (decrease) in cash and cash equivalents	(2,773)	4,431
Cash and cash equivalents at beginning of year	29,643	24,291
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 26,870	$ 28,722

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	NOTE A – BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of Preformed Line Products Company and subsidiaries (the “Company” or “PLPC”) have been prepared in accordance with United States of America (U.S.) generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from these estimates. In the opinion of management, these consolidated financial statements contain all estimates and adjustments, consisting of normal recurring accruals, required to fairly present the financial position, results of operations, and cash flows for the interim periods. Operating results for the three and nine months ended September 30, 2015 are not necessarily indicative of the results to be expected for the full-year ending December 31, 2015. The Consolidated Balance Sheet at December 31, 2014 has been derived from the audited consolidated financial statements, but does not include all of the information and notes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and notes to consolidated financial statements included in the Company’s 2014 Annual Report on Form 10-K filed on March 12, 2015 with the Securities and Exchange Commission.

Other Financial Statement Infor

Other Financial Statement Information	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other Financial Statement Information	NOTE B – OTHER FINANCIAL STATEMENT INFORMATION Inventories – net September 30, December 31, 2015 2014 Finished products $ 37,859 $ 41,634 Work-in-process 8,053 7,964 Raw materials 37,512 40,423 83,424 90,021 Excess of current cost over LIFO cost (4,034 ) (4,471 ) Noncurrent portion of inventory (6,319 ) (5,513 ) $ 73,071 $ 80,037 Cost of inventories for certain material is determined using the last-in-first-out (LIFO) method and totaled approximately $26.4 million at September 30, 2015 and $27 million at December 31, 2014. An actual valuation of inventories under the LIFO method can be made only at the end of the year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must be based on management’s estimates of expected year-end inventory levels and costs. Because these estimates are subject to change and may be different than the actual inventory levels and costs at the end of the year, interim results are subject to the final year-end LIFO inventory valuation. During the three and nine months ended September 30, 2015, the net change in LIFO inventories resulted in a $.4 million benefit to Income before income taxes for each period. During the three and nine months ended September 30, 2014, the net change in LIFO inventories resulted in a $.2 million and $.1 million charge to Income before income taxes, respectively. Noncurrent inventory is included in Other assets on the Consolidated Balance Sheets. Property, plant and equipment - net Major classes of Property, plant and equipment are stated at cost and were as follows: September 30, December 31, 2015 2014 Land and improvements $ 12,219 $ 14,173 Buildings and improvements 72,093 75,587 Machinery and equipment 136,475 144,213 Construction in progress 4,087 3,382 224,874 237,355 Less accumulated depreciation 132,665 134,824 $ 92,209 $ 102,531 Legal proceedings From time to time, the Company may be subject to litigation incidental to its business. The Company is not a party to any pending legal proceedings that the Company believes would, individually or in the aggregate, have a material adverse effect on its financial condition, results of operations, or cash flows.

Pension Plans

Pension Plans	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Pension Plans	NOTE C – PENSION PLANS The Company uses a December 31 measurement date for the Preformed Line Products Company Employees’ Retirement Plan (the “Plan”). Net periodic benefit cost for this plan included the following components: Three Months Ended September 30 Nine Months Ended September 30 2015 2014 2015 2014 Service cost $ 88 $ 29 $ 142 $ 88 Interest cost 361 340 1,077 1,021 Expected return on plan assets (456 ) (448 ) (1,386 ) (1,344 ) Recognized net actuarial loss 158 4 436 12 Net periodic benefit cost (income) $ 151 $ (75 ) $ 269 $ (223 ) No contributions were made to the Plan during the nine months ended September 30, 2015. The Company does not anticipate contributing to the Plan in 2015.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income ("AOCI")	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Accumulated Other Comprehensive Income ("AOCI")	NOTE D – ACCUMULATED OTHER COMPREHENSIVE INCOME (“AOCI”) The following tables set forth the total changes in AOCI by component, net of tax: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Defined benefit Currency Defined benefit Currency pension plan Translation pension plan Translation activity Adjustment Total activity Adjustment Total Balance at July 1 $ (6,833 ) $ (37,172 ) $ (44,005 ) $ (1,900 ) $ (11,672 ) $ (13,572 ) Other comprehensive income (loss) before reclassifications: Loss on foreign currency translation adjustment 0 (10,001 ) (10,001 ) 0 (9,813 ) (9,813 ) Amounts reclassified from AOCI: Amortization of defined benefit pension actuarial loss (a) 99 0 99 2 0 2 Net current period other comprehensive income (loss) 99 (10,001 ) (9,902 ) 2 (9,813 ) (9,811 ) Balance at September 30 $ (6,734 ) $ (47,173 ) $ (53,907 ) $ (1,898 ) $ (21,485 ) $ (23,383 ) Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Defined benefit Currency Defined benefit Currency pension plan Translation pension plan Translation activity Adjustment Total activity Adjustment Total Balance at January 1 $ (7,007 ) $ (28,127 ) $ (35,134 ) $ (1,905 ) $ (15,797 ) $ (17,702 ) Other comprehensive income (loss) before reclassifications: Loss on foreign currency translation adjustment 0 (19,046 ) (19,046 ) 0 (5,688 ) (5,688 ) Amounts reclassified from AOCI: Amortization of defined benefit pension actuarial loss (a) 273 0 273 7 0 7 Net current period other comprehensive income (loss) 273 (19,046 ) (18,773 ) 7 (5,688 ) (5,681 ) Balance at September 30 $ (6,734 ) $ (47,173 ) $ (53,907 ) $ (1,898 ) $ (21,485 ) $ (23,383 ) (a) This AOCI component is included in the computation of net periodic pension costs.

Computation of Earnings Per Sha

Computation of Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Computation of Earnings Per Share	NOTE E – COMPUTATION OF EARNINGS PER SHARE Basic earnings per share were computed by dividing Net income by the weighted-average number of common shares outstanding for each respective period. Diluted earnings per share were calculated by dividing Net income by the weighted-average of all potentially dilutive common stock that was outstanding during the periods presented. The calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 was as follows: Three Months Ended September 30 Nine Months Ended September 30 2015 2014 2015 2014 Numerator Net income $ 206 $ 2,555 $ 3,630 $ 10,373 Denominator Determination of shares Weighted-average common shares outstanding 5,356 5,372 5,381 5,384 Dilutive effect - share-based awards 16 4 16 5 Diluted weighted-average common shares outstanding 5,372 5,376 5,397 5,389 Earnings per common share Basic $ 0.04 $ 0.48 $ 0.67 $ 1.93 Diluted $ 0.04 $ 0.48 $ 0.67 $ 1.92 For the three and nine months ended September 30, 2015, 59,750 and 51,850 stock options, respectively, were excluded from the calculation of diluted earnings per share as the effect would have been anti-dilutive. For the three and nine months ended September 30, 2014, 25,750 and 20,750 stock options, respectively, were excluded from the calculation of diluted earnings per share as the effect would have been anti-dilutive. For the three and nine months ended September 30, 2015, there were no restricted share units excluded from the calculation of diluted earnings per share. For the three and nine months ended September 30, 2014, 51,425 and 49,967 restricted share units, respectively, were excluded from the calculation of diluted earnings per share as the effect of the settlement in common shares would have been anti-dilutive.

Goodwill and Other Intangibles

Goodwill and Other Intangibles	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	NOTE F – GOODWILL AND OTHER INTANGIBLES The Company’s finite and indefinite-lived intangible assets consist of the following: September 30, 2015 December 31, 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Finite-lived intangible assets Patents $ 4,816 $ (4,799 ) $ 4,823 $ (4,730 ) Land use rights 1,184 (172 ) 1,247 (164 ) Trademark 1,667 (847 ) 1,888 (814 ) Technology 2,905 (788 ) 3,432 (734 ) Customer relationships 11,623 (4,265 ) 13,104 (3,931 ) $ 22,195 $ (10,871 ) $ 24,494 $ (10,373 ) Indefinite-lived intangible assets Goodwill $ 15,551 $ 17,792 The aggregate amortization expense for other intangibles with finite lives for the three and nine months ended September 30, 2015 was $.3 million and $.9 million, respectively. The aggregate amortization expense for other intangibles with finite lives for the three and nine months ended September 30, 2014 was $.4 million and $1.2 million, respectively. Amortization expense is estimated to be $.3 million for the remaining period of 2015, $1 million annually for 2016 and 2017 and $.9 million annually for 2018 and 2019. The weighted-average remaining amortization period is approximately 21 years. The weighted-average remaining amortization period by intangible asset class is as follows: patents, 10.3 years; land use rights, 59.6 years; trademark, 10.1 years; technology, 16.2 years; and customer relationships, 14.4 years. The Company’s measurement date for its annual impairment test for goodwill is October 1st of each year. The Company performs its annual impairment test for goodwill utilizing a discounted cash flow methodology, market comparables, and an overall market capitalization reasonableness test in computing fair value by reporting unit. The Company then compares the fair value of the reporting unit with its carrying value to assess if goodwill has been impaired. Based on the assumptions as to growth, discount rates and the weighting used for each respective valuation methodology, results of the valuations could be significantly different. However, the Company believes that the methodologies and weightings used are reasonable and result in appropriate fair values of the reporting units. During the third quarter of 2015, the Company’s market capitalization dropped below its equity carrying value. This was identified as an interim indicator of impairment. As such, the Company performed an interim goodwill impairment assessment of its Asia-Pacific reporting unit and one of its reporting units within The Americas segment. The result of this interim assessment was the Company passed step one by a margin of 16% and 24%, respectively, for the two reporting units, which compares to a margin of 24% and 39%, respectively, at October 1, 2014. The Company had goodwill balances of $8.3 million and $4.1 million, respectively, for these reporting units at September 30, 2015. The weighted average cost of capital and long-term growth assumptions used in the Company’s assessment were 14.7% and 3%, respectively, for its Asia Pacific reporting unit and 13.5% and 3%, respectively, for the reporting unit within The America’s segment. While it was determined that there was no impairment at September 30, 2015, the Company will continue to monitor the results of these operations as there is a reasonable possibility of a future impairment charge and significant uncertainties regarding the recoverability of the respective carrying values. The Company’s only intangible asset with an indefinite life is goodwill. The changes in the carrying amount of goodwill, by segment, for the nine months ended September 30, 2015, are as follows: The Americas EMEA Asia-Pacific Total Balance at January 1, 2015 $ 7,750 $ 1,528 $ 8,514 $ 17,792 Currency translation (621 ) (159 ) (1,461 ) (2,241 ) Balance at September 30, 2015 $ 7,129 $ 1,369 $ 7,053 $ 15,551

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	NOTE G – SHARE-BASED COMPENSATION The 1999 Stock Option Plan Activity in the Company’s 1999 Stock Option Plan for the nine months ended September 30, 2015 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2015 12,000 $ 41.44 Granted 0 $ 0.00 Exercised 0 $ 0.00 Forfeited 0 $ 0.00 Outstanding (exercisable and vested) at September 30, 2015 12,000 $ 41.44 2.1 $ 11 There were 0 and 1,000 stock options exercised during the nine months ended September 30, 2015 and 2014, respectively. The total intrinsic value of stock options exercised during the nine months ended September 30, 2015 and 2014 was $0 and less than $.1 million, respectively. Cash received for the exercise of stock options during the nine months ended September 30, 2015 and 2014 was $0 and less than $.1 million, respectively. For the nine months ended September 30, 2015 and 2014, the Company recorded no compensation expense related to stock options for either period as all options were fully vested. Long Term Incentive Plan of 2008 Under the Preformed Line Products Company Long Term Incentive Plan of 2008 (the “LTIP”), certain employees, officers, and directors are eligible to receive awards of options, restricted shares and restricted share units. The purpose of this LTIP is to give the Company a competitive advantage in attracting, retaining, and motivating officers, employees and directors and to provide an incentive to those individuals to increase shareholder value through long-term incentives directly linked to the Company’s performance. The total number of Company common shares reserved for awards under the LTIP is 900,000. Of the 900,000 common shares, 800,000 common shares have been reserved for restricted share units and 100,000 common shares have been reserved for stock options. The LTIP expires on April 17, 2018. Restricted Share Units For all of the participants except the CEO, a portion of the restricted share units (RSUs) is subject to time-based cliff vesting and a portion is subject to vesting based upon the Company’s performance over a three-year period. All of the CEO’s RSUs are subject to vesting based upon the Company’s performance over a three-year period. The RSUs are offered at no cost to the employees; however, the participant must remain employed with the Company until the restrictions on the RSUs lapse. The fair value of RSUs is based on the market price of a common share on the grant date. The Company currently estimates that no RSUs will be forfeited. Dividends declared are accrued in cash. A summary of the RSUs for the nine months ended September 30, 2015 is as follows: Restricted Share Units Performance Total Weighted-Average and Service Service Restricted Grant-Date Required Required Share Units Fair Value Nonvested as of January 1, 2015 88,508 10,413 98,921 $ 67.36 Granted 50,927 6,073 57,000 45.85 Vested 0 0 0 0.00 Forfeited 0 0 0 0.00 Nonvested as of September 30, 2015 139,435 16,486 155,921 $ 59.50 For time-based RSUs, the Company recognizes stock-based compensation expense on a straight-line basis over the requisite service period of the award in General and administrative expense in the accompanying Statements of Consolidated Income. Compensation expense related to the time-based RSUs for the three and nine months ended September 30, 2015 was $.1 million and $.2 million, respectively. Compensation expense related to the time-based RSUs for the three and nine months ended September 30, 2014 was $.1 million and $.2 million, respectively. As of September 30, 2015, there was $.4 million of total unrecognized compensation cost related to time-based RSUs that is expected to be recognized over the weighted-average remaining period of approximately 1.7 years. For the performance-based RSUs, the number of RSUs in which the participants will vest depends on the Company’s level of performance measured by growth in pretax income and sales growth over a requisite performance period. Depending on the extent to which the performance criterions are satisfied under the LTIP, the participants are eligible to earn common shares over the vesting period. For the three months and nine months ended September 30, 2015 a $1 million and $.8 million reduction, respectively, to performance-based compensation expense was recorded. During the three and nine months ended September 30, 2015, a $.8 million reduction in performance-based compensation expense was recorded for each period related to the 2013 performance-based RSU grant, due to changes in estimates for growth in sales and pretax income. During the three and nine months ended September 30, 2015, a $.6 million and $1.2 million, respectively, reduction in performance-based compensation expense was recorded related to the 2014 performance-based RSU grant, due to changes in estimates for growth in sales and pre-tax income. Performance-based compensation expense for the three months ended September 30, 2014 was a reduction of expense of less than $.1 million. Performance-based compensation expense for the nine months ended September 30, 2014 was $.4 million. During the three and nine months ended September 30, 2014, a $.2 million and $1.1 million reduction, respectively, in performance-based compensation expense was recorded related to the 2013 performance-based RSU grant, due to changes in estimates for growth in pre-tax income. During the three and nine months ended September 30, 2014, a $.4 million reduction in performance-based compensation expense was recorded related to the 2012 performance-based RSU grant, due to changes in estimates for growth in pre-tax income. As of September 30, 2015, the remaining performance-based RSUs compensation expense of $1.9 million is expected to be recognized over a period of approximately 2.25 years. The excess tax benefits from service and performance-based RSUs for the nine months ended September 30, 2015 and 2014 was less than $.1 million and $.2 million, respectively, as reported on the Statements of Consolidated Cash Flows in financing activities, and represents the reduction in income taxes otherwise payable during the period, attributable to the actual gross tax benefits in excess of the expected tax benefits for RSUs vested in the current period. In the event of a Change in Control (as defined in the LTIP), vesting of the RSUs will be accelerated and all restrictions will lapse. Unvested performance-based awards are based on a maximum potential payout. Actual shares awarded at the end of the performance period may be less than the maximum potential payout level depending on achievement of performance-based award objectives. To satisfy the vesting of its RSU awards, the Company has reserved new shares from its authorized but unissued shares. Any additional granted awards will also be issued from the Company’s authorized but unissued shares. Under the LTIP, there are 327,398 common shares currently available for additional RSU grants. Deferred Compensation Plan The Company maintains a trust, commonly referred to as a rabbi trust, in connection with the Company’s deferred compensation plan. This plan allows for two deferrals. First, Directors make elective deferrals of Director fees payable and held in the rabbi trust. The deferred compensation plan allows the Directors to elect to receive Director fees in common shares of the Company at a later date instead of fees paid each quarter in cash. Second, this plan allows certain Company employees to defer LTIP restricted shares or RSUs for future distribution in the form of common shares. Assets of the rabbi trust are consolidated, and the value of the Company’s stock held in the rabbi trust is classified in Shareholders’ equity and generally accounted for in a manner similar to treasury stock. The Company recognizes the original amount of the deferred compensation (fair value of the deferred stock award at the date of grant) as the basis for recognition in common shares issued to the rabbi trust. Changes in the fair value of amounts owed to certain employees or Directors are not recognized as the Company’s deferred compensation plan does not permit diversification and must be settled by the delivery of a fixed number of the Company’s common shares. As of September 30, 2015, 291,021 shares have been deferred and are being held by the rabbi trust. Share Option Awards The LTIP plan permits the grant of 100,000 options to buy common shares of the Company to certain employees at not less than fair market value of the shares on the date of grant. At September 30, 2015, there were 19,500 shares remaining available for issuance under the LTIP. Options issued to date under the Plan vest 50% after one year following the date of the grant, 75% after two years, and 100% after three years, and expire from five to ten years from the date of grant. Shares issued as a result of stock option exercises will be funded with the issuance of new shares. The Company utilizes the Black-Scholes option pricing model for estimating fair values of options. The Black-Scholes model requires assumptions regarding the volatility of the Company’s stock, the expected life of the stock award and the Company’s dividend yield. The Company utilizes historical data in determining these assumptions. The risk-free rate for periods within the contractual life of the option is based on the U.S. zero coupon Treasury yield in effect at the time of grant. Forfeitures have been estimated to be zero. There were 2,000 and 22,000 options granted for the nine months ended September 30, 2015 and 2014, respectively. The fair value for the stock options granted in 2015 and 2014 were estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: 2015 2014 Risk-free interest rate 2.1 % 1.8 % Dividend yield 1.6 % 1.7 % Expected life (years) 5 5 Expected volatility 38.5 % 44.3 % Activity in the Company’s LTIP plan for nine months ended September 30, 2015 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2015 47,750 $ 58.11 Granted 2,000 $ 37.44 Exercised 0 $ 0.00 Forfeited (2,000 ) $ 52.21 Outstanding (vested and expected to vest) at September 30, 2015 47,750 $ 57.50 8.2 $ 0 Exercisable at September 30, 2015 22,250 $ 60.48 7.3 $ 0 The weighted-average grant-date fair value of options granted during 2015 and 2014 was $11.78 and 20.83. There were 0 and 1,250 stock options exercised during the nine months ended September 30, 2015 and 2014, respectively. The total intrinsic value of stock options exercised during the nine months ended September 30, 2015 and 2014 was $0 and less than $.1 million, respectively. Cash received for the exercise of stock options during the nine months ended September 30, 2015 and 2014 was $0 and $.1 million, respectively. For the three and nine months ended September 30, 2015, the Company recorded compensation expense related to the stock options currently vesting of $.1 million and $.2 million, respectively. For the three and nine months ended September 30, 2014, the Company recorded compensation expense related to the stock options currently vesting of $.1 million and $.2 million, respectively. The total compensation cost related to nonvested awards not yet recognized at September 30, 2015 is expected to be a combined total of $.3 million over a weighted-average period of approximately 1.8 years.

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	NOTE H – FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES The carrying value of the Company’s current financial instruments, which include cash and cash equivalents, accounts receivable, accounts payable, notes payable, and short-term debt, approximates its fair value because of the short-term maturity of these instruments. At September 30, 2015, the fair value of the Company’s long-term debt was estimated using discounted cash flows analysis, based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements which are considered to be Level 2 inputs. There have been no transfers in or out of Level 2 for the nine months ended September 30, 2015. Based on the analysis performed, the fair value and the carrying value of the Company’s long-term debt are as follows: September 30, 2015 December 31, 2014 Fair Value Carrying Value Fair Value Carrying Value Long-term debt and related current maturities $ 31,767 $ 31,763 $ 31,876 $ 31,865

Recently Adopted Accounting Pro

Recently Adopted Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Recently Adopted Accounting Pronouncements	NOTE I – RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” or ASU 2014-08. ASU 2014-08 changes the criteria for reporting a discontinued operation. Under the new pronouncement, a disposal of a part of an organization that has a major effect on its operations and financial results is a discontinued operation. The Company is required to adopt ASU 2014-08 prospectively for all disposals or components of the business classified as held for sale during the fiscal period beginning after December 15, 2014. The Company adopted the guidance in the first quarter of 2015 and it did not have an effect on the Company’s results of operations, financial condition or cash flows.

New Accounting Standards to be

New Accounting Standards to be Adopted	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards to be Adopted	NOTE J – NEW ACCOUNTING STANDARDS TO BE ADOPTED In July 2015, the FASB issued Accounting Standards Update 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory.” The amendments in this Update more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards (IFRS). An entity should measure inventory within the scope of this Update at the lower of cost and net realizable value. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this Update are effective for fiscal years beginning after December 15, 2016 and interim periods within fiscal years beginning after December 15, 2017. The amendments in this Update should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating what impact, if any, its adoption will have to the presentation of the Company’s consolidated financial statements. In April 2015, the FASB issued Accounting Standards Update 2015-05, “Intangibles – Goodwill and Other – Internal-Use Software (Topic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” The amendments in this Update provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Earlier application is permitted. Amendments in this Update can be applied retrospectively or prospectively. The Company is currently not engaged in a cloud computing arrangement; however, it is evaluating what impact, if any, its adoption will have to the presentation of the Company’s consolidated financial statements if it enters such an arrangement. In April 2015, the FASB issued Accounting Standards Update 2015-04, “Compensation – Retirement Benefits (Topic 715): Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets.” For an entity that has a significant event in an interim period that calls for a re-measurement of defined benefit plan assets and obligations, the amendments in this Update provide a practical expedient that permits the entity to re-measure defined benefit plan assets and obligations using the month-end that is closest to the date of the significant event. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Earlier application is permitted. Amendments in this Update should be applied prospectively. The Company is currently evaluating what impact, if any, its adoption will have to the presentation of the Company’s consolidated financial statements. In January 2015, the FASB issued Accounting Standards Update 2015-01, “Income Statement-Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” This Update eliminates from GAAP the concept of extraordinary items. A material event or transaction that an entity considers to be of an unusual nature or of a type that indicates infrequency of occurrence or both shall be reported as a separate component of income from continuing operations. The nature and financial effects of each event or transaction shall be presented as a separate component of income from continuing operations or, alternatively, disclosed in notes to financial statements. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company is currently evaluating what impact, if any, its adoption will have to the presentation of the Company’s consolidated financial statements. In August 2014, the FASB issued ASU 2014-15 “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 provides guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The Company is required to adopt ASU 2014-15 prospectively for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is currently evaluating what impact, if any, its adoption will have to the presentation of the Company’s consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” or ASU 2014-09. ASU 2014-09 requires an entity to recognize revenue in a matter that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, the amendment provides five steps that an entity should apply when recognizing revenue. The amendment also specifies the accounting of some costs to obtain or fulfill a contract with a customer and expands the disclosure requirements around contracts with customers. An entity can either adopt this amendment retrospectively to each prior reporting period presented or retrospectively with cumulative effect of initially applying the update recognized at the date of initial application. In August 2015, the FASB issued ASU No. 2015-14 deferring the effective date of the amendment to annual reporting periods beginning after December 15, 2017. Early adoption is not permitted. The Company is currently evaluating what impact, if any, its adoption will have to the presentation of the Company’s consolidated financial statements.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	NOTE K – SEGMENT INFORMATION The following tables present a summary of the Company’s reportable segments for the three and nine months ended September 30, 2015 and 2014. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory. Three Months Ended September 30 Nine Months Ended September 30 2015 2014 2015 2014 Net sales PLP-USA $ 33,616 $ 38,636 $ 100,113 $ 104,658 The Americas 18,346 22,979 52,897 71,569 EMEA 12,402 17,327 39,408 47,050 Asia-Pacific 24,682 23,158 70,287 68,729 Total net sales $ 89,046 $ 102,100 $ 262,705 $ 292,006 Intersegment sales PLP-USA $ 2,090 $ 3,551 $ 6,990 $ 9,486 The Americas 1,324 1,735 4,040 4,371 EMEA 190 490 832 1,220 Asia-Pacific 2,151 4,173 6,085 8,932 Total intersegment sales $ 5,755 $ 9,949 $ 17,947 $ 24,009 Income taxes PLP-USA $ 805 $ 627 $ 2,276 $ 3,551 The Americas 431 324 188 993 EMEA 473 600 1,207 1,417 Asia-Pacific 226 1,188 (753 ) 703 Total income taxes $ 1,935 $ 2,739 $ 2,918 $ 6,664 Net income PLP-USA $ 638 $ 2,992 $ 2,680 $ 7,117 The Americas 1,009 (12 ) 845 2,496 EMEA 1,106 1,708 3,473 3,676 Asia-Pacific (2,547 ) (2,133 ) (3,368 ) (2,916 ) Total net income $ 206 $ 2,555 $ 3,630 $ 10,373 September 30, December 31, Assets PLP-USA $ 102,466 $ 99,850 The Americas 72,338 85,017 EMEA 50,659 51,691 Asia-Pacific 105,943 117,093 331,406 353,651 Corporate assets 315 316 Total assets $ 331,721 $ 353,967

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE L – INCOME TAXES The Company’s effective tax rate was 90% and 52% for the three months ended September 30, 2015 and 2014, respectively, and 45% and 39% for the nine months ended September 30, 2015 and 2014, respectively. The income tax expense for this period was determined based on an estimated annual effective tax rate of 33% for the twelve month period ending December 31, 2015. The effective tax rate for the three months ended September 30, 2015 differs from the estimated annual 2015 effective tax rate primarily due to an increase in losses in jurisdictions where no tax benefit is recognized coupled with a relatively low level of pre-tax income during the quarter. The higher effective tax rate for the three and nine months ended September 30, 2015 compared to the U.S. federal statutory income tax rate of 35% was primarily due to an increase in losses in jurisdictions where no tax benefit is recognized. The Company provides valuation allowances against deferred tax assets when it is more likely than not that some portion or all of its deferred tax assets will not be realized. No significant changes to the valuation allowance were reflected for the three and nine months ended September 30, 2015. As of September 30, 2015, the Company had gross unrecognized tax benefits of approximately $.2 million. Under the provisions of ASC 740, Accounting for Income Taxes, the Company does not anticipate any material changes to the amount of unrecognized tax benefits within the next three months.

Product Warranty Reserve

Product Warranty Reserve	9 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
Product Warranty Reserve	NOTE M – PRODUCT WARRANTY RESERVE The Company records an accrual for estimated warranty costs to Costs of products sold in the Consolidated Statements of Income. These amounts are recorded in Accrued expenses and other liabilities in the Consolidated Balance Sheets. The Company records and accounts for its warranty reserve based on specific claim incidents. Should the Company become aware of a specific potential warranty claim for which liability is probable and reasonably estimable, a specific charge is recorded and accounted for accordingly. Adjustments are made quarterly to the accruals as claim information changes. The following is a rollforward of the product warranty reserve: Nine Months Ended September 30 2015 2014 Beginning of period balance $ 892 $ 1,140 Additions charged to income 17 205 Warranty usage (139 ) (103 ) Currency translation (108 ) (11 ) End of period balance $ 662 $ 1,231

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Combinations	NOTE N – BUSINESS COMBINATIONS On January 31, 2014, the Company acquired Helix Uniformed Limited (Helix), located in Montreal, Quebec, Canada. From an accounting perspective, the acquisition is not considered material. The acquisition of Helix diversified the Company’s business in Canada, expand its manufacturing footprint and enhance its engineering capabilities. The results of Helix are included in The Americas reportable segment.

Charges Related to Restructurin

Charges Related to Restructuring Activities	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Charges Related to Restructuring Activities	NOTE O – CHARGES RELATED TO RESTRUCTURING ACTIVITIES During 2015, the Company reconfigured one of its operations within its Asia Pacific segment by reducing its workforce and manufacturing facilities while outsourcing its production predominantly to its locations with lower cost operations. This was done in response to a slowdown in economic activity in the region as well as continued downward market pressure on prices. We expect total costs related to this reconfiguration to be approximately $2.7 million. Additionally, the Company initiated reconfiguration in The Americas segment which will be primarily a reduction in personnel and facilities in response to downward market pressure on prices. The total charges for The Americas segment are anticipated to be less than $1 million. Both of these actions are expected to reduce infrastructure and manufacturing costs. Charges for the three months ended September 30, 2015 totaled $2.1 million including charges for severance ($.7 million), lease termination costs ($1.2 million) and asset disposals ($.2 million) principally in the Company’s Asia-Pacific segment ($1.9 million). Severance charges included $.2 million for The Americas segment. The difference between the anticipated total charges and recognized cost for the three months ended September 30, 2015 for The Americas segment will be recorded when facilities are vacated and as certain employees’ services cease. The Company plans to transfer production activities to its PLP-USA segment over the next six months. The costs recorded for the three months ended September 30, 2015 are included in Cost of products sold ($1.8 million), Research and engineering expense ($.1 million) and Other operating expense ($.2 million). Charges for the nine months ended September 30, 20 15 totaled $2.7 million including charges for severance ($1.3 million), lease termination costs ($1.2 million) and asset disposals ($.2 million) principally in The Asia-Pacific segment ($2.5 million). Severance charges included $.2 million for the Company’s Americas segment. These costs are included in Cost of products sold ($2.4 million), Research and engineering expense ($.1 million) and Other operating expense ($.2 million). The restructuring liability is recorded in Accrued compensation and amounts withheld from employees, Accrued expenses and other liabilities and Other noncurrent liabilities. A summary by reporting segment of the accruals recorded as a result of the restructuring is as follows: Severance Lease Asset Total December 31, 2014 Balance Total $ 0 $ 0 $ 0 $ 0 Charges The Americas $ 173 $ 0 $ 0 $ 173 Asia-Pacific 1,097 1,195 185 2,477 Total 1,270 1,195 185 2,650 Payments and other adjustments The Americas 0 0 0 0 Asia-Pacific (1,097 ) (410 ) (185 ) (1,692 ) Total (1,097 ) (410 ) (185 ) (1,692 ) September 30, 2015 Balance The Americas 173 0 0 173 Asia-Pacific 0 785 0 785 Total $ 173 $ 785 $ 0 $ 958

Income Taxes (Policies)

Income Taxes (Policies)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Under the provisions of ASC 740, Accounting for Income Taxes, the Company does not anticipate any material changes to the amount of unrecognized tax benefits within the next three months.

Other Financial Statement Inf24

Other Financial Statement Information (Tables)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventories - Net	Inventories – net September 30, December 31, 2015 2014 Finished products $ 37,859 $ 41,634 Work-in-process 8,053 7,964 Raw materials 37,512 40,423 83,424 90,021 Excess of current cost over LIFO cost (4,034 ) (4,471 ) Noncurrent portion of inventory (6,319 ) (5,513 ) $ 73,071 $ 80,037
Property, Plant and Equipment - Net	Major classes of Property, plant and equipment are stated at cost and were as follows: September 30, December 31, 2015 2014 Land and improvements $ 12,219 $ 14,173 Buildings and improvements 72,093 75,587 Machinery and equipment 136,475 144,213 Construction in progress 4,087 3,382 224,874 237,355 Less accumulated depreciation 132,665 134,824 $ 92,209 $ 102,531

Pension Plans (Tables)

Pension Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	Net periodic benefit cost for this plan included the following components: Three Months Ended September 30 Nine Months Ended September 30 2015 2014 2015 2014 Service cost $ 88 $ 29 $ 142 $ 88 Interest cost 361 340 1,077 1,021 Expected return on plan assets (456 ) (448 ) (1,386 ) (1,344 ) Recognized net actuarial loss 158 4 436 12 Net periodic benefit cost (income) $ 151 $ (75 ) $ 269 $ (223 )

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Income ("AOCI") (Tables)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Summary of Total Changes in AOCI by Component, Net of Tax	The following tables set forth the total changes in AOCI by component, net of tax: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Defined benefit Currency Defined benefit Currency pension plan Translation pension plan Translation activity Adjustment Total activity Adjustment Total Balance at July 1 $ (6,833 ) $ (37,172 ) $ (44,005 ) $ (1,900 ) $ (11,672 ) $ (13,572 ) Other comprehensive income (loss) before reclassifications: Loss on foreign currency translation adjustment 0 (10,001 ) (10,001 ) 0 (9,813 ) (9,813 ) Amounts reclassified from AOCI: Amortization of defined benefit pension actuarial loss (a) 99 0 99 2 0 2 Net current period other comprehensive income (loss) 99 (10,001 ) (9,902 ) 2 (9,813 ) (9,811 ) Balance at September 30 $ (6,734 ) $ (47,173 ) $ (53,907 ) $ (1,898 ) $ (21,485 ) $ (23,383 ) Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Defined benefit Currency Defined benefit Currency pension plan Translation pension plan Translation activity Adjustment Total activity Adjustment Total Balance at January 1 $ (7,007 ) $ (28,127 ) $ (35,134 ) $ (1,905 ) $ (15,797 ) $ (17,702 ) Other comprehensive income (loss) before reclassifications: Loss on foreign currency translation adjustment 0 (19,046 ) (19,046 ) 0 (5,688 ) (5,688 ) Amounts reclassified from AOCI: Amortization of defined benefit pension actuarial loss (a) 273 0 273 7 0 7 Net current period other comprehensive income (loss) 273 (19,046 ) (18,773 ) 7 (5,688 ) (5,681 ) Balance at September 30 $ (6,734 ) $ (47,173 ) $ (53,907 ) $ (1,898 ) $ (21,485 ) $ (23,383 ) (a) This AOCI component is included in the computation of net periodic pension costs.

Computation of Earnings Per S27

Computation of Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings Per Share	The calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 was as follows: Three Months Ended September 30 Nine Months Ended September 30 2015 2014 2015 2014 Numerator Net income $ 206 $ 2,555 $ 3,630 $ 10,373 Denominator Determination of shares Weighted-average common shares outstanding 5,356 5,372 5,381 5,384 Dilutive effect - share-based awards 16 4 16 5 Diluted weighted-average common shares outstanding 5,372 5,376 5,397 5,389 Earnings per common share Basic $ 0.04 $ 0.48 $ 0.67 $ 1.93 Diluted $ 0.04 $ 0.48 $ 0.67 $ 1.92

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Finite and Indefinite-Lived Intangible Assets	The Company’s finite and indefinite-lived intangible assets consist of the following: September 30, 2015 December 31, 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Finite-lived intangible assets Patents $ 4,816 $ (4,799 ) $ 4,823 $ (4,730 ) Land use rights 1,184 (172 ) 1,247 (164 ) Trademark 1,667 (847 ) 1,888 (814 ) Technology 2,905 (788 ) 3,432 (734 ) Customer relationships 11,623 (4,265 ) 13,104 (3,931 ) $ 22,195 $ (10,871 ) $ 24,494 $ (10,373 ) Indefinite-lived intangible assets Goodwill $ 15,551 $ 17,792
Changes in Carrying Amount of Goodwill by Segment	The Company’s only intangible asset with an indefinite life is goodwill. The changes in the carrying amount of goodwill, by segment, for the nine months ended September 30, 2015, are as follows: The Americas EMEA Asia-Pacific Total Balance at January 1, 2015 $ 7,750 $ 1,528 $ 8,514 $ 17,792 Currency translation (621 ) (159 ) (1,461 ) (2,241 ) Balance at September 30, 2015 $ 7,129 $ 1,369 $ 7,053 $ 15,551

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2015
Summary of RSUs	A summary of the RSUs for the nine months ended September 30, 2015 is as follows: Restricted Share Units Performance Total Weighted-Average and Service Service Restricted Grant-Date Required Required Share Units Fair Value Nonvested as of January 1, 2015 88,508 10,413 98,921 $ 67.36 Granted 50,927 6,073 57,000 45.85 Vested 0 0 0 0.00 Forfeited 0 0 0 0.00 Nonvested as of September 30, 2015 139,435 16,486 155,921 $ 59.50
Weighted-Average Assumptions for Estimating Fair Values	The fair value for the stock options granted in 2015 and 2014 were estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: 2015 2014 Risk-free interest rate 2.1 % 1.8 % Dividend yield 1.6 % 1.7 % Expected life (years) 5 5 Expected volatility 38.5 % 44.3 %
Stock Options [Member]
Activity in Company's Plan	Activity in the Company’s 1999 Stock Option Plan for the nine months ended September 30, 2015 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2015 12,000 $ 41.44 Granted 0 $ 0.00 Exercised 0 $ 0.00 Forfeited 0 $ 0.00 Outstanding (exercisable and vested) at September 30, 2015 12,000 $ 41.44 2.1 $ 11
Long Term Incentive Plan [Member]
Activity in Company's Plan	Activity in the Company’s LTIP plan for nine months ended September 30, 2015 was as follows: Number of Weighted Weighted Aggregate Outstanding at January 1, 2015 47,750 $ 58.11 Granted 2,000 $ 37.44 Exercised 0 $ 0.00 Forfeited (2,000 ) $ 52.21 Outstanding (vested and expected to vest) at September 30, 2015 47,750 $ 57.50 8.2 $ 0 Exercisable at September 30, 2015 22,250 $ 60.48 7.3 $ 0

Fair Value of Financial Asset30

Fair Value of Financial Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value and Carrying Value of Long-Term Debt	Based on the analysis performed, the fair value and the carrying value of the Company’s long-term debt are as follows: September 30, 2015 December 31, 2014 Fair Value Carrying Value Fair Value Carrying Value Long-term debt and related current maturities $ 31,767 $ 31,763 $ 31,876 $ 31,865

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Summary of Company's Reportable Segment	The following tables present a summary of the Company’s reportable segments for the three and nine months ended September 30, 2015 and 2014. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory. Three Months Ended September 30 Nine Months Ended September 30 2015 2014 2015 2014 Net sales PLP-USA $ 33,616 $ 38,636 $ 100,113 $ 104,658 The Americas 18,346 22,979 52,897 71,569 EMEA 12,402 17,327 39,408 47,050 Asia-Pacific 24,682 23,158 70,287 68,729 Total net sales $ 89,046 $ 102,100 $ 262,705 $ 292,006 Intersegment sales PLP-USA $ 2,090 $ 3,551 $ 6,990 $ 9,486 The Americas 1,324 1,735 4,040 4,371 EMEA 190 490 832 1,220 Asia-Pacific 2,151 4,173 6,085 8,932 Total intersegment sales $ 5,755 $ 9,949 $ 17,947 $ 24,009 Income taxes PLP-USA $ 805 $ 627 $ 2,276 $ 3,551 The Americas 431 324 188 993 EMEA 473 600 1,207 1,417 Asia-Pacific 226 1,188 (753 ) 703 Total income taxes $ 1,935 $ 2,739 $ 2,918 $ 6,664 Net income PLP-USA $ 638 $ 2,992 $ 2,680 $ 7,117 The Americas 1,009 (12 ) 845 2,496 EMEA 1,106 1,708 3,473 3,676 Asia-Pacific (2,547 ) (2,133 ) (3,368 ) (2,916 ) Total net income $ 206 $ 2,555 $ 3,630 $ 10,373 September 30, December 31, Assets PLP-USA $ 102,466 $ 99,850 The Americas 72,338 85,017 EMEA 50,659 51,691 Asia-Pacific 105,943 117,093 331,406 353,651 Corporate assets 315 316 Total assets $ 331,721 $ 353,967

Product Warranty Reserve (Table

Product Warranty Reserve (Tables)	9 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
Roll Forward of Product Warranty Reserve	The following is a rollforward of the product warranty reserve: Nine Months Ended September 30 2015 2014 Beginning of period balance $ 892 $ 1,140 Additions charged to income 17 205 Warranty usage (139 ) (103 ) Currency translation (108 ) (11 ) End of period balance $ 662 $ 1,231

Charges Related to Restructur33

Charges Related to Restructuring Activities (Tables)	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Summary by Reporting Segment of Accruals as a Result of Restructuring	A summary by reporting segment of the accruals recorded as a result of the restructuring is as follows: Severance Lease Asset Total December 31, 2014 Balance Total $ 0 $ 0 $ 0 $ 0 Charges The Americas $ 173 $ 0 $ 0 $ 173 Asia-Pacific 1,097 1,195 185 2,477 Total 1,270 1,195 185 2,650 Payments and other adjustments The Americas 0 0 0 0 Asia-Pacific (1,097 ) (410 ) (185 ) (1,692 ) Total (1,097 ) (410 ) (185 ) (1,692 ) September 30, 2015 Balance The Americas 173 0 0 173 Asia-Pacific 0 785 0 785 Total $ 173 $ 785 $ 0 $ 958

Other Financial Statement Inf34

Other Financial Statement Information - Inventories - Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished products	$ 37,859	$ 41,634
Work-in-process	8,053	7,964
Raw materials	37,512	40,423
Inventory, gross	83,424	90,021
Excess of current cost over LIFO cost	(4,034)	(4,471)
Noncurrent portion of inventory	(6,319)	(5,513)
Inventories - net	$ 73,071	$ 80,037

Other Financial Statement Inf35

Other Financial Statement Information - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Inventory Disclosure [Abstract]
Cost of inventories for certain materials using LIFO method	$ 26.4		$ 26.4		$ 27
(Benefit) charge to earnings from LIFO inventory changes	$ (0.4)	$ 0.2	$ (0.4)	$ 0.1

Other Financial Statement Inf36

Other Financial Statement Information - Property, Plant and Equipment - Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment - Gross	$ 224,874	$ 237,355
Less accumulated depreciation	132,665	134,824
Property and equipment - Net	92,209	102,531
Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment - Gross	12,219	14,173
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment - Gross	72,093	75,587
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment - Gross	136,475	144,213
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment - Gross	$ 4,087	$ 3,382

Pension Plans - Components of N

Pension Plans - Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 88	$ 29	$ 142	$ 88
Interest cost	361	340	1,077	1,021
Expected return on plan assets	(456)	(448)	(1,386)	(1,344)
Recognized net actuarial loss	158	4	436	12
Net periodic benefit cost (income)	$ 151	$ (75)	$ 269	$ (223)

Pension Plans - Additional Info

Pension Plans - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015USD ($)
Compensation and Retirement Disclosure [Abstract]
Contribution to pension plan	$ 0
Anticipated pension plan contributions to be made during the remainder of the fiscal year	$ 0

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Income ("AOCI") - Summary of Total Changes in AOCI by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (44,005)	$ (13,572)	$ (35,134)	$ (17,702)
Other comprehensive income (loss) before reclassifications:
Loss on foreign currency translation adjustment	(10,001)	(9,813)	(19,046)	(5,688)
Amounts reclassified from AOCI:
Recognized net actuarial loss	99	2	273	7
Other comprehensive income (loss), net of tax	(9,902)	(9,811)	(18,773)	(5,681)
Ending Balance	(53,907)	(23,383)	(53,907)	(23,383)
Defined Benefit Pension Plan Activity [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(6,833)	(1,900)	(7,007)	(1,905)
Other comprehensive income (loss) before reclassifications:
Loss on foreign currency translation adjustment	0	0	0	0
Amounts reclassified from AOCI:
Recognized net actuarial loss	99	2	273	7
Other comprehensive income (loss), net of tax	99	2	273	7
Ending Balance	(6,734)	(1,898)	(6,734)	(1,898)
Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(37,172)	(11,672)	(28,127)	(15,797)
Other comprehensive income (loss) before reclassifications:
Loss on foreign currency translation adjustment	(10,001)	(9,813)	(19,046)	(5,688)
Amounts reclassified from AOCI:
Recognized net actuarial loss	0	0	0	0
Other comprehensive income (loss), net of tax	(10,001)	(9,813)	(19,046)	(5,688)
Ending Balance	$ (47,173)	$ (21,485)	$ (47,173)	$ (21,485)

Computation of Earnings Per S40

Computation of Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator
Net income	$ 206	$ 2,555	$ 3,630	$ 10,373
Determination of shares
Weighted-average common shares outstanding	5,356	5,372	5,381	5,384
Dilutive effect - share-based awards	16	4	16	5
Diluted weighted-average common shares outstanding	5,372	5,376	5,397	5,389
Earnings per common share
Basic	$ 0.04	$ 0.48	$ 0.67	$ 1.93
Diluted	$ 0.04	$ 0.48	$ 0.67	$ 1.92

Computation of Earnings Per S41

Computation of Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted share units excluded from calculation of diluted earnings per share	59,750	25,750	51,850	20,750
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted share units excluded from calculation of diluted earnings per share	0	51,425	0	49,967

Goodwill and Other Intangible42

Goodwill and Other Intangibles - Finite and Indefinite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Finite-lived intangible assets
Gross Carrying Amount	$ 22,195	$ 24,494
Accumulated Amortization	(10,871)	(10,373)
Indefinite-lived intangible assets Goodwill	15,551	17,792
Patents [Member]
Finite-lived intangible assets
Gross Carrying Amount	4,816	4,823
Accumulated Amortization	(4,799)	(4,730)
Land Use Rights [Member]
Finite-lived intangible assets
Gross Carrying Amount	1,184	1,247
Accumulated Amortization	(172)	(164)
Trademark [Member]
Finite-lived intangible assets
Gross Carrying Amount	1,667	1,888
Accumulated Amortization	(847)	(814)
Technology [Member]
Finite-lived intangible assets
Gross Carrying Amount	2,905	3,432
Accumulated Amortization	(788)	(734)
Customer Relationships [Member]
Finite-lived intangible assets
Gross Carrying Amount	11,623	13,104
Accumulated Amortization	$ (4,265)	$ (3,931)

Goodwill and Other Intangible43

Goodwill and Other Intangibles - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)Reporting_Unit	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Amortization of Intangible Assets	$ 300,000	$ 400,000	$ 900,000	$ 1,200,000
2,015	300,000		300,000
2,016	1,000,000		1,000,000
2,017	1,000,000		1,000,000
2,018	900,000		900,000
2,019	$ 900,000		900,000
Remaining amortization period	21 years
Number of Reporting Units | Reporting_Unit	2
Indefinite-lived intangible assets Goodwill	$ 15,551,000		15,551,000		$ 17,792,000
Indications of impairment of goodwill			$ 0
Reporting Unit One [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Percentage of margin	16.00%		24.00%
Indefinite-lived intangible assets Goodwill	$ 8,300,000		$ 8,300,000
Reporting Unit Two [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Percentage of margin	24.00%		39.00%
Indefinite-lived intangible assets Goodwill	$ 4,100,000		$ 4,100,000
Asia Pacific Reporting Unit [Member] | Reporting Unit One [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Percentage of weighted average cost of capital and long term growth assumptions			14.70%
Asia Pacific Reporting Unit [Member] | Reporting Unit Two [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Percentage of weighted average cost of capital and long term growth assumptions			3.00%
Americas Segment [Member] | Reporting Unit One [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Percentage of weighted average cost of capital and long term growth assumptions			13.50%
Americas Segment [Member] | Reporting Unit Two [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Percentage of weighted average cost of capital and long term growth assumptions			3.00%
Patents [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Remaining amortization period	10 years 3 months 18 days
Land Use Rights [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Remaining amortization period	59 years 7 months 6 days
Trademark [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Remaining amortization period	10 years 1 month 6 days
Technology [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Remaining amortization period	16 years 2 months 12 days
Customer Relationships [Member]
Schedule Of Acquired Finite And Indefinite Lived Intangible Asset By Major Class [Line Items]
Remaining amortization period	14 years 4 months 24 days

Goodwill and Other Intangible44

Goodwill and Other Intangibles - Changes in Carrying Amount of Goodwill by Segment (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill [Line Items]
Beginning Balance	$ 17,792
Currency translation	(2,241)
Ending Balance	15,551
The Americas [Member]
Goodwill [Line Items]
Beginning Balance	7,750
Currency translation	(621)
Ending Balance	7,129
EMEA [Member]
Goodwill [Line Items]
Beginning Balance	1,528
Currency translation	(159)
Ending Balance	1,369
Asia-Pacific [Member]
Goodwill [Line Items]
Beginning Balance	8,514
Currency translation	(1,461)
Ending Balance	$ 7,053

Share-Based Compensation - Acti

Share-Based Compensation - Activity in Company's Plan (Detail) - 1999 Stock Option Plan [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at January 1, 2015, Number of Shares	12,000
Granted, Number of Shares	0
Exercised, Number of Shares	0
Forfeited, Number of Shares	0
Outstanding (exercisable and vested) at September 30, 2015 , Number of Shares	12,000
Outstanding at January 1, 2015, Weighted Average Exercise Price per Share | $ / shares	$ 41.44
Granted, Weighted Average Exercise Price per Share | $ / shares	0
Exercised, Weighted Average Exercise Price per Share | $ / shares	0
Forfeited, Weighted Average Exercise Price per Share | $ / shares	0
Outstanding (exercisable and vested) at September 30, 2015, Weighted Average Exercise Price per Share | $ / shares	$ 41.44
Outstanding (exercisable and vested), Weighted Average Remaining Contractual Term	2 years 1 month 6 days
Outstanding (exercisable and vested) Aggregate Intrinsic Value | $	$ 11

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)shares	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Deferrals$ / sharesshares	Sep. 30, 2014USD ($)$ / sharesshares	Dec. 31, 2014shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefits from restricted share awards			$ 20,000	$ 160,000
Deferred shares and held by the rabbi trust | shares	291,021		291,021		292,609
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised, Number of Shares | shares			0	1,000
Total intrinsic value of stock options			$ 0
Cash received for the exercise of stock options awards			0
Compensation expenses			$ 0	$ 0
Common shares reserved for awards | shares	100,000		100,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for awards | shares	800,000		800,000
Shares remaining to be issued | shares	327,398		327,398
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement share based payment award vesting period			3 years
Time-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expenses	$ 100,000	$ 100,000	$ 200,000	200,000
Compensation cost expected to be recognized over period	400,000		$ 400,000
Weighted-average period			1 year 8 months 12 days
Performance-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost expected to be recognized over period	1,900,000		$ 1,900,000
Weighted-average period			2 years 3 months
Performance-based compensation expense (income)	(1,000,000)		$ (800,000)
Maximum [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options				100,000
Cash received for the exercise of stock options awards				100,000
Maximum [Member] | Performance-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefits from restricted share awards			100,000	200,000
Maximum [Member] | Performance-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based compensation expense (income)		(100,000)		400,000
Grant 2013 [Member] | Performance-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based compensation expense (income)	(800,000)	(200,000)	(800,000)	(1,100,000)
Grant 2014 [Member] | Performance-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based compensation expense (income)	$ (600,000)		$ (1,200,000)
Grant 2012 [Member] | Performance-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based compensation expense (income)		(400,000)		$ (400,000)
Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for awards | shares	900,000		900,000
LTIP expiry date			Apr. 17, 2018
Long Term Incentive Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for awards | shares	100,000		100,000
Shares remaining to be issued | shares	19,500		19,500
Long Term Incentive Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option issued under plan vest and expire			10 years
Long Term Incentive Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option issued under plan vest and expire			5 years
Long Term Incentive Plan Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised, Number of Shares | shares			0	1,250
Cash received for the exercise of stock options awards			$ 0	$ 100,000
Compensation expenses	$ 100,000	$ 100,000	$ 200,000	$ 200,000
Weighted-average period			1 year 9 months 18 days
Option issued under plan vest			50.00%
Option issued under plan vest and granted after 2 years			75.00%
Option issued under plan vest and granted after 3 years			100.00%
Estimated Forfeitures			$ 0
Granted, Number of Shares | shares			2,000	22,000
Weighted average grant date fair value options granted | $ / shares			$ 11.78	$ 20.83
Expected compensation cost related to unvested awards not yet recognized	$ 300,000		$ 300,000
Long Term Incentive Plan Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options			$ 0	$ 100,000
Deferred Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of deferrals | Deferrals			2

Share-Based Compensation - Summ

Share-Based Compensation - Summary of RSUs (Detail)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested as of January 1, 2015	98,921
Granted	57,000
Vested	0
Forfeited	0
Nonvested as of September 30, 2015	155,921
Nonvested as of January 1, 2015, Weighted-Average Grant-Date Fair Value | $ / shares	$ 67.36
Weighted-Average Grant-Date Fair Value, Granted | $ / shares	45.85
Weighted-Average Grant-Date Fair Value, Vested | $ / shares	0
Weighted-Average Grant-Date Fair Value, Forfeited | $ / shares	0
Nonvested as of September 30, 2015, Weighted-Average Grant- Date Fair Value | $ / shares	$ 59.50
Performance Required [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested as of January 1, 2015	88,508
Granted	50,927
Vested	0
Forfeited	0
Nonvested as of September 30, 2015	139,435
Service Required [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested as of January 1, 2015	10,413
Granted	6,073
Vested	0
Forfeited	0
Nonvested as of September 30, 2015	16,486

Share-Based Compensation - Weig

Share-Based Compensation - Weighted-Average Assumptions for Estimating Fair Values (Detail)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate	2.10%	1.80%
Dividend yield	1.60%	1.70%
Expected life (years)	5 years	5 years
Expected volatility	38.50%	44.30%

Share-Based Compensation - Ac49

Share-Based Compensation - Activity in Company's Plan - Long Term Incentive Plan (Detail) - Long Term Incentive Plan Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at January 1, 2015, Number of Shares	47,750
Granted, Number of Shares	2,000	22,000
Exercised, Number of Shares	0	1,250
Forfeited, Number of Shares	(2,000)
Outstanding (vested and expected to vest) at September 30, 2015 , Number of Shares	47,750
Exercisable at September 30, 2015, Number of Shares	22,250
Outstanding at January 1, 2015, Weighted Average Exercise Price per Share	$ 58.11
Granted, Weighted Average Exercise Price per Share	37.44
Exercised, Weighted Average Exercise Price per Share	0
Forfeited, Weighted Average Exercise Price per Share	52.21
Outstanding (vested and expected to vest) at September 30, 2015 , Weighted Average Exercise Price per Share	57.50
Exercisable at September 30, 2015, Weighted Average Exercise Price per Share	$ 60.48
Outstanding (vested and expected to vest) at September 30, 2015 , Weighted Average Remaining Contractual Term	8 years 2 months 12 days
Exercisable at September 30, 2015, Weighted Average Remaining Contractual Term	7 years 3 months 18 days
Outstanding (vested and expected to vest) at September 30, 2015 , Aggregate Intrinsic Value	$ 0
Exercisable at September 30, 2015 , Aggregate Intrinsic Value	$ 0

Fair Value of Financial Asset50

Fair Value of Financial Assets and Liabilities - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Fair value liabilities Level 2	$ 0

Fair Value of Financial Asset51

Fair Value of Financial Assets and Liabilities - Fair Value and Carrying Value of Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Long-term debt and related current maturities, Fair Value	$ 31,767	$ 31,876
Long-term debt and related current maturities, Carrying Value	$ 31,763	$ 31,865

Segment Information - Summary o

Segment Information - Summary of Company's Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Net sales
Net sales	$ 89,046	$ 102,100	$ 262,705	$ 292,006
Income taxes
Income taxes	1,935	2,739	2,918	6,664
Net income
Net income	206	2,555	3,630	10,373
ASSETS
Assets	331,721		331,721		$ 353,967
Operating Segments [Member] | PLP-USA [Member]
Net sales
Net sales	33,616	38,636	100,113	104,658
Income taxes
Income taxes	805	627	2,276	3,551
Net income
Net income	638	2,992	2,680	7,117
ASSETS
Assets	102,466		102,466		99,850
Operating Segments [Member] | The Americas [Member]
Net sales
Net sales	18,346	22,979	52,897	71,569
Income taxes
Income taxes	431	324	188	993
Net income
Net income	1,009	(12)	845	2,496
ASSETS
Assets	72,338		72,338		85,017
Operating Segments [Member] | EMEA [Member]
Net sales
Net sales	12,402	17,327	39,408	47,050
Income taxes
Income taxes	473	600	1,207	1,417
Net income
Net income	1,106	1,708	3,473	3,676
ASSETS
Assets	50,659		50,659		51,691
Operating Segments [Member] | Asia-Pacific [Member]
Net sales
Net sales	24,682	23,158	70,287	68,729
Income taxes
Income taxes	226	1,188	(753)	703
Net income
Net income	(2,547)	(2,133)	(3,368)	(2,916)
ASSETS
Assets	105,943		105,943		117,093
Segment Reconciling Items [Member]
Net sales
Net sales	89,046	102,100	262,705	292,006
Income taxes
Income taxes	1,935	2,739	2,918	6,664
Net income
Net income	206	2,555	3,630	10,373
ASSETS
Assets	331,406		331,406		353,651
Intersegment Eliminations [Member]
Intersegment sales
Intersegment sales	5,755	9,949	17,947	24,009
Intersegment Eliminations [Member] | PLP-USA [Member]
Intersegment sales
Intersegment sales	2,090	3,551	6,990	9,486
Intersegment Eliminations [Member] | The Americas [Member]
Intersegment sales
Intersegment sales	1,324	1,735	4,040	4,371
Intersegment Eliminations [Member] | EMEA [Member]
Intersegment sales
Intersegment sales	190	490	832	1,220
Intersegment Eliminations [Member] | Asia-Pacific [Member]
Intersegment sales
Intersegment sales	2,151	$ 4,173	6,085	$ 8,932
Corporate, Non-Segment [Member]
ASSETS
Assets	$ 315		$ 315		$ 316

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2015
Income Tax Reconciliation [Line Items]
Effective income tax rate	90.00%	52.00%	45.00%	39.00%
U.S.federal statutory tax rate	35.00%		35.00%
Net change in valuation allowance from prior year	$ 0		$ 0
Unrecognized tax benefits	$ 200,000		$ 200,000
Scenario, Forecast [Member]
Income Tax Reconciliation [Line Items]
Effective income tax rate					33.00%

Product Warranty Reserve - Roll

Product Warranty Reserve - Roll Forward of Product Warranty Reserve (Detail) - Warranty Reserves [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning of period balance	$ 892	$ 1,140
Additions charged to income	17	205
Warranty usage	(139)	(103)
Currency translation	(108)	(11)
End of period balance	$ 662	$ 1,231

Charges Related to Restructur55

Charges Related to Restructuring Activities - Additional Information (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)Operations
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,100	$ 2,650
Severance costs	700	1,300
Lease termination costs	1,200	1,200
Loss on asset disposal	1,900	2,500
Cost of Products Sold [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,800	2,400
Research and Engineering Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	100	100
Other Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	200	$ 200
Asia-Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Number of reconfigured operations | Operations		1
Restructuring charges		$ 2,477
Loss on asset disposal	200	200
The Americas [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		173
Severance costs	200	200
The Americas [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Total costs related to reconfiguration of operations	1,000	1,000
Americas And Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Total costs related to reconfiguration of operations	$ 2,700	$ 2,700

Charges Related to Restructur56

Charges Related to Restructuring Activities - Summary by Reporting Segment of Accruals as a Result of Restructuring (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Restructuring Cost and Reserve [Line Items]
Total		$ 0
Charges	$ 2,100	2,650
Payments and other adjustments		(1,692)
Total	958	958
The Americas [Member]
Restructuring Cost and Reserve [Line Items]
Charges		173
Payments and other adjustments		0
Total	173	173
Asia-Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Charges		2,477
Payments and other adjustments		(1,692)
Total	785	785
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Total		0
Charges		1,270
Payments and other adjustments		(1,097)
Total	173	173
Severance [Member] | The Americas [Member]
Restructuring Cost and Reserve [Line Items]
Charges		173
Payments and other adjustments		0
Total	173	173
Severance [Member] | Asia-Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Charges		1,097
Payments and other adjustments		(1,097)
Total	0	0
Lease Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total		0
Charges		1,195
Payments and other adjustments		(410)
Total	785	785
Lease Termination Costs [Member] | The Americas [Member]
Restructuring Cost and Reserve [Line Items]
Charges		0
Payments and other adjustments		0
Total	0	0
Lease Termination Costs [Member] | Asia-Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Charges		1,195
Payments and other adjustments		(410)
Total	785	785
Asset Disposals [Member]
Restructuring Cost and Reserve [Line Items]
Total		0
Charges		185
Payments and other adjustments		(185)
Total	0	0
Asset Disposals [Member] | The Americas [Member]
Restructuring Cost and Reserve [Line Items]
Charges		0
Payments and other adjustments		0
Total	0	0
Asset Disposals [Member] | Asia-Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Charges		185
Payments and other adjustments		(185)
Total	$ 0	$ 0