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Note 17 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

17.

ACCUMULATED OTHER COMPREHENSIVE LOSS:

Accumulated other comprehensive loss consists of the following (in thousands):

		December 31,
		2020				2019

Pension liability adjustment, net of income tax benefit of $679 and $671		$	(1,795	)		$	(1,770	)
Unrealized loss on cash flow hedges, net of income tax benefit of $20 and $11			(71	)			(44	)
Total		$	(1,866	)		$	(1,814	)

The following table summarizes changes in the components of Accumulated other comprehensive loss (in thousands). All amounts are net of income tax:

		Pension Liability Adjustment				Unrealized Loss on Cash Flow Hedges				Total

Balance, December 31, 2019		$	(1,770	)		$	(44	)		$	(1,814	)

Other comprehensive loss before reclassifications			(3	)			(308	)			(311	)
Amounts reclassified from Accumulated other comprehensive loss			(22	)			281				259
Net current period adjustments to Other comprehensive loss			(25	)			(27	)			(52	)

Balance, December 31, 2020		$	(1,795	)		$	(71	)		$	(1,866	)

The following table provides additional detail about Accumulated other comprehensive loss components that were reclassified to the Consolidated Statements of Operations (in thousands):

		Amount reclassified from Accumulated Other Comprehensive Loss											Affected line item in the
Details about Accumulated Other		Year Ended December 31,											Consolidated Statements
Comprehensive Loss Components		2020				2019				2018			of Operations

Pension liability adjustment:
Net periodic pension cost:
Service cost		$	(16	)		$	(11	)		$	(11	)	Cost of sales
Non-service cost			46				(15	)			52		Other income
Associated income tax (expense) benefit			(8	)			4				8		Income tax expense (benefit)
			22				(22	)			49
Unrealized gain (loss) on cash flow hedges:
Gain (loss) on cash flow hedges			(378	)			5				13		Net sales
Associated income tax (expense) benefit			97				2				(1	)	Income tax expense (benefit)
			(281	)			7				12
Total reclassifications for the period		$	(259	)		$	(15	)		$	61