Cable-Lace Beanie with Pom-Pom

Pictured Beanie was knitted in the round on a 16-inch circular size 7 needle, yarn used:
Loops & Threads Impeccable, 285 yds/4.5 oz
Size 7 (4.5 mm) or size needed for gauge
Cable needle and 4 sock needles for top decrease

GAUGE SWATCH
20 sts and 26 rows = 4" in stocking stitch.

STITCH ABBREVIATIONS:
C4F = Slip the next 2 stitches onto the cable needle and leave it in front of the work. Knit 2 stitches, then knit 2 stitches from the cable needle.
Sl1P = slip next st purlwise.
C4F = Slip 2 stitches on the cable needle and hold it in front of the work
Yo = yarn over

Start your beanie by casting on a multiple of 10 stitches,
100 stitches for child size and 120 stitches (using size 8 needles, Adult size only). Close the stitches into a circle, making sure not to twist the stitches.
Knit 6 rounds
Purl 1 round

Panel Pattern sequence of 8 rows:
 1st round: *P2. K4. P2. K2tog. yo.* Rep from * to *
2nd round: *P2. K4. P2. K2.* Rep from * to *
3rd round: *P2. K4. P2. yo Sl1. K1. psso.* Rep from * to *

4th round: *P2. K4. P2. K2.* Rep from * to *
5th round: *P2. K4. P2. K2tog. yo. * Rep from * to *
6th round: *P2. K4. P2. K2.* Rep from * to *
7th round: *P2. C4F. P2. yo. Sl1. K1.* psso. * Rep from * to *
8th round: *P2. K4. P2. K2.* Rep from * to *
These 8 rounds structure the Panel Pat.

For child size work the Panel Pattern 5 times more, adult size 7 times more.
Decrease Round 1:
As stitches appear: *P2tog, K2tog, twice, P2tog, K2tog,* Rep from * to *
Decrease Round 2: 

same as Round 1, purl the purl stitches together, knit the knit stitches together
Continue in that fashion until you have 10 stitches left. Cut the yarn, leaving a long enough tail to sew on the pompom. Pull the yarn through the remaining 10 stitches, secure the stitches, and sew the pom-pom on, covering the top of the beanie.