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Note 7 - Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
NOTE
7
– 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,
  
   
2017
    
2016
    
2017
    
2016
  
Pension and other postretirement benefits:
                                
Recognized actuarial loss (a)
   $
267
     $
351
     $
879
     $
1,053
  
Settlement loss (b)
    
305
      
-
      
2,493
      
-
  
Settlement loss (c)
    
143
      
-
      
1,348
      
-
  
Total before income tax
   $
715
     $
351
     $
4,720
     $
1,053
  
Income tax
    
(243
)
    
(123
)
    
(1,692
)
    
(343
)
Net of income tax
   $
472
     $
228
     $
3,028
     $
710
  
 
 
(a)
The recognized actuarial loss is included in the computation of net p
eriodic 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 i
s 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
    
-
      
4,720
      
4,720
  
Current period
credit
    
3,119
      
54
      
3,173
  
Income tax expense
    
-
      
(1,746
)
    
(1,746
)
Balance at
September 30, 2017
   $
(5,723
)
   $
(8,595
)
   $
(14,318
)
 
   
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
)