XML 23 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 7 - Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Accumulated Other Comprehensive Loss [Text Block]
NOTE
7
– ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 
The following table summarizes reclassifications out of accumulated other comprehensive income (loss):
 
 
 
Three Months Ended
March 31,
 
 
 
2017
 
 
2016
 
Pension and other postretirement benefits:
                
Recognized actuarial loss (a)
   $
322
     $
351
  
Settlement loss (b)
    
1,058
      
-
  
Settlement loss (c)
    
622
      
-
  
Total before income tax
   $
2,002
     $
351
  
Income tax
    
(726
)
    
(101
)
Net of income tax
   $
1,276
     $
250
  
 
 
 
 
 
 
 
 
(a)
The recognized actuarial loss is included in the computation of net periodic benefit cost. See Note
6
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):
 
 
 
Currency
Translation
Adjustments
 
 
Pension and
Other
Postretirement
Benefits
 
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Balance at January 1, 2017
   $
(8,842
)
   $
(11,623
)
   $
(20,465
)
Reclassification adjustments
    
-
      
2,002
      
2,002
  
Current period credit
    
547
      
14
      
561
  
Income tax expense
    
-
      
(740
)
    
(740
)
Balance at March 31, 2017
   $
(8,295
)
   $
(10,347
)
   $
(18,642
)
 
  
 
 
 
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
    
-
      
351
      
351
  
Current period credit
    
1,500
      
42
      
1,542
  
Income tax expense
    
-
      
(143
)
    
(143
)
Balance at March 31, 2016
   $
(7,557
)
   $
(13,108
)
   $
(20,665
)