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Note 12 - Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

12.

ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss at June 30, 2020 and December 31, 2019 are summarized below:

		June 30,				December 31,
		2020				2019

Foreign currency translation adjustment, net of taxes of ($711) at June 30, 2020 and ($742) at December 31, 2019		$	(21,600	)		$	(20,032	)
Unrealized holding gains on available-for-sale securities, net of taxes of $0 at June 30, 2020 and $0 at December 31, 2019			11				12
Unfunded SERP liability, net of taxes of ($599) at June 30, 2020 and ($639) at December 31, 2019			(3,913	)			(4,045	)

Accumulated other comprehensive loss		$	(25,502	)		$	(24,065	)

Changes in accumulated other comprehensive loss by component during the six months ended June 30, 2020 are as follows. All amounts are net of tax.

						Unrealized Holding
		Foreign Currency				Gains on
		Translation				Available-for-				Unfunded
		Adjustment				Sale Securities				SERP Liability					Total

Balance at December 31, 2019		$	(20,032	)		$	12			$	(4,045	)			$	(24,065	)
Other comprehensive loss before reclassifications			(1,568	)			(1	)			(37	)				(1,606	)
Amount reclassified from accumulated other comprehensive loss			-				-				169		(a)			169
Net current period other comprehensive income (loss)			(1,568	)			(1	)			132					(1,437	)

Balance at June 30, 2020		$	(21,600	)		$	11			$	(3,913	)			$	(25,502	)

(a) This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP Plan. This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment classification of the plan participants.