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Note E - Accumulated Other Comprehensive Loss
12 Months Ended
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
)