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Note 5 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2014

Note E – Accumulated Other Comprehensive Loss

The reclassifications out of accumulated other comprehensive loss as reported in the Consolidated Statements of Income are:


Pension and other post retirement benefits:	2014			2013			2012
Recognized actuarial loss (a)	$	483		$	1,357		$	1,794
Settlement loss (b)		-			2,756			1,940
Settlement loss (c)		-			1,413			995
Total before income tax		483			5,526			4,729
Income tax		(177	)		(2,006	)		(1,494	)
Net of income tax	$	306		$	3,520		$	3,235

(a)

The recognized actuarial loss is included in the computation of net periodic benefit cost. See Note G for additional details.

(b)

This portion of the settlement loss is included in cost of products sold in the Consolidated Statements of Income.

(c)

This portion of the settlement loss is included in selling, general and administrative expenses in the Consolidated Statements of Income.

The components of accumulated other comprehensive loss as reported in the Consolidated Balance Sheets are:

	Currency Translation Adjustments			Pension and OPEB Adjustments			Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2012	$	(118	)	$	(15,926	)	$	(16,044	)
Reclassifications adjustments		-			4,729
Current period credit (charge)		437			(5,716	)		(550	)
Income tax benefit		-			312			312
Balance at December 31, 2012		319			(16,601	)		(16,282	)
Reclassifications adjustments		-			5,526
Current period (charge) credit		(1,381	)		8,925			13,070
Income tax charge		-			(5,249	)		(5,249	)
Balance at December 31, 2013		(1,062	)		(7,399	)		(8,461	)
Reclassifications adjustments		-			483			483
Current period charge		(3,276	)		(9,294	)		(12,087	)
Income tax benefit		-			3,222			3,222
Balance at December 31, 2014	$	(4,338	)	$	(12,988	)	$	(17,326	)