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Note 8 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE 8 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)          

The reclassifications out of Accumulated other comprehensive income (loss) as reported in the Consolidated Statements of Income are:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Pension and other postretirement benefits:
Recognized actuarial loss (a)		$	471			$	568			$	1,590			$	1,917
Settlement loss (a)			4,759				388				6,355				2,116
Total before income tax		$	5,230			$	956			$	7,945			$	4,033
Income tax			(1,249	)			(230	)			(1,878	)			(944	)
Net of income tax		$	3,981			$	726			$	6,067			$	3,089

(a) The recognized actuarial loss and the settlement loss are included in Other income (expense), net in the Consolidated Statements of Income.

The components of Accumulated other comprehensive income (loss) as reported in the Consolidated Balance Sheets are:

		Currency Translation Adjustments				Pension and Other Postretirement Benefits				Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2021		$	(7,851	)		$	(22,479	)		$	(30,330	)
Reclassification adjustments			-				7,945				7,945
Current period charge			(5,719	)			-				(5,719	)
Income tax benefit (charge)			-				(1,878	)			(1,878	)
Balance at September 30, 2022		$	(13,570	)		$	(16,412	)		$	(29,982	)

		Currency Translation Adjustments				Pension and Other Postretirement Benefits				Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2020		$	(5,044	)		$	(25,333	)		$	(30,377	)
Reclassification adjustments			-				4,033				4,033
Current period charge			(1,849	)			-				(1,849	)
Income tax benefit (charge)			-				(944	)			(944	)
Balance at September 30, 2021		$	(6,893	)		$	(22,244	)		$	(29,137	)

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI https://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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- References

No definition available.

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