XML 38 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 15 - Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
15
.
ACCUMULATED OTHER COMPREHENSIVE LOSS
 
Accumulated other comprehensive loss consists of the following (in thousands):
 
 
 
December 31,
 
 
 
2015
 
 
2014
 
Pension liability adjustment, net of tax
benefit of $966 and $1,108
   $ (1,624 )   $ (1,862 )
Deferred gain on cash flow derivatives, net of tax expense of $49 and benefit of $14
     86       29  
Total
  $ (1,538 )   $ (1,833 )
 
 
The following table summarizes changes in the components of accumulated other comprehensive loss during the twelve months ended December 31, 2015 and December 31, 2014 (in thousands). All amounts are net of tax:
 
 
 
 
 
Defined Benefit
Pension Items
 
 
Gains (Losses) on
Cash Flow
Hedges
 
 
Total
 
                         
Balance, December 31, 2013
   $ (1,275 )   $ 14     $ (1,261 )
Other comprehensive income (loss) before reclassifications
     (701 )     17       (684 )
Amounts reclassified from accumulated other comprehensive loss
     114       (2 )     112  
Net current period adjustments to other comprehensive income (loss)
     (587 )     15       (572 )
Balance, December 31, 2014
     (1,862 )     29       (1,833 )
Other comprehensive income before reclassifications
     17       150       167  
Amounts reclassified from accumulated other comprehensive loss
     221       (93 )     128  
Net current period adjustments to other comprehensive income (loss)
     238       57       295  
Balance, December 31, 2015
   $ (1,624 )   $ 86     $ (1,538 )
 
The following table provides additional detail about accumulated other comprehensive income (loss) components which were reclassified to the consolidated statement of operations during the twelve months ended December 31, 2015, 2014 and 2013 (in thousands):
 
 
 
Amount reclassified from Accumulated Other Comprehensive Income (Loss)
 
 
Details about Accumulated Other
Comprehensive Income (Loss) Components
 
2015
 
 
2014
 
 
2013
 
Affected line item in the
Consolidated Statements
of Operations
                           
Defined Benefit Pension Items
                          
Net periodic pension cost
   $ (352 )   $ (182 )   $ (372 )
Cost of sales
Associated tax benefit
     131       68       133  
Income tax expense
      (221 )     (114 )     (239 )
Net of tax
Deferred gain on cash flow derivatives
                          
Gain on cash flow derivatives
     147       6       114  
Net sales
Hedge ineffectiveness
    2       (3 )     -  
Net sales
Associated tax expense
    (56 )     (1 )     (42 )
Income tax expense
      93       2       72  
Net of tax
Total reclassifications for the period
  $ (128 )   $ (112 )   $ (167 )