NOTE F – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes reclassifications out of accumulated other comprehensive income (loss):

	Three Months Ended September 30 ,						Nine Months Ended September 30 ,
(Dollars in thousands)	2016			2015			2016			2015
Pension and other postretirement benefits:
Recognized actuarial loss (a)	$	351		$	397		$	1,053		$	1,136
Settlement loss (b)		-			1,320			-			2,279
Settlement loss (c)		-			570			-			1,063
Total before income tax	$	351		$	2,287		$	1,053		$	4,478
Income tax		(123	)		(839	)		(343	)		(1,642	)
Net of income tax	$	228		$	1,448		$	710		$	2,836

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

(b)	This portion of the settlement loss is included in cost of products sold on the condensed consolidated statements of income.

(c)	This portion of the settlement loss in included in Selling, general & administrative expenses on the condensed consolidated statements of income.

The following tables summarize changes in balances for each component of accumulated other comprehensive income (loss):

(Dollars in thousands)	Currency Translation Adjustments			Pension and Other Postretirement Benefits			Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2016	$	(9,057	)	$	(13,358	)	$	(22,415	)
Reclassification adjustments		-			1,053			1,053
Current period credit		1,487			-			1,487
Income tax expense		-			(343	)		(343	)
Balance at September 30 , 2016	$	(7,570	)	$	(12,648	)	$	(20,218	)

(Dollars in thousands)	Currency Translation Adjustments			Pension and Other Postretirement Benefits			Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2015	$	(4,338	)	$	(12,988	)	$	(17,326	)
Reclassification adjustments		-			4,478			4,478
Current period (charge) credit		(3,557	)		-			(3,557	)
Income tax expense		-			(1,642	)		(1,642	)
Balance at September 30 , 2015	$	(7,895	)	$	(10,152	)	$	(18,047	)