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Note E - Accumulated Other Comprehensive Loss | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Accumulated Other Comprehensive Loss [Text Block] | Note E – Accumulated Other Comprehensive Loss The reclassifications out of accumulated other comprehensive loss as reported in the Consolidated Statements of Income are:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Pension and other postretirement benefits: |  |  |  |  |  |  |  |  |  |  |  |
Recognized actuarial loss (a) |  | $ | 1,402 |  |  | $ | 1,581 |  |  | $ | 483 |
Settlement loss (b) |  |  | - |  |  |  | 2,584 |  |  |  | - |
Settlement loss (c) |  |  | - |  |  |  | 1,199 |  |  |  | - |
Total before income tax |  |  | 1,402 |  |  |  | 5,364 |  |  |  | 483 |
Income tax |  |  | (446 | ) |  |  | (1,749 | ) |  |  | (177 | )
Net of income tax |  | $ | 956 |  |  |  | 3,615 |  |  | $ | 306 |
(a) | The recognized actuarial loss is included in the computation of net periodic benefit cost. See Note G, Pensions and Other Postretirement Benefits.
(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, 2014 |  | $ | (1,062 | ) |  | $ | (7,399 | ) |  | $ | (8,461 | )
Reclassifications adjustments |  |  | - |  |  |  | 483 |  |  |  | 483 |
Current period charge |  |  | (3,276 | ) |  |  | (9,294 | ) |  |  | (12,570 | )
Income tax benefit |  |  | - |  |  |  | 3,222 |  |  |  | 3,222 |
Balance at December 31, 2014 |  |  | (4,338 | ) |  |  | (12,988 | ) |  |  | (17,326 | )
Reclassification adjustments |  |  | - |  |  |  | 5,364 |  |  |  | 5,364 |
Current period charge |  |  | (4,719 | ) |  |  | (6,038 | ) |  |  | (10,757 | )
Income tax benefit |  |  | - |  |  |  | 304 |  |  |  | 304 |
Balance at December 31, 2015 |  |  | (9,057 | ) |  |  | (13,358 | ) |  |  | (22,415 | )
Reclassifications adjustments |  |  | - |  |  |  | 1,402 |  |  |  | 1,402 |
Current period benefit |  |  | 215 |  |  |  | 1,357 |  |  |  | 1,572 |
Income tax charge |  |  | - |  |  |  | (1,024 | ) |  |  | (1,024 | )
Balance at December 31, 2016 |  | $ | (8,842 | ) |  | $ | (11,623 | ) |  | $ | (20,465 | )

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