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Note 11 - Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

11.

Accumulated Other Comprehensive Loss

 

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

 

  

Pension Liability Adjustment

  

Unrealized Gain (Loss) on Foreign Currency Forward Contracts Designated as Cash Flow Hedges

  

Unrealized Gain on Interest Rate Swaps Designated as Cash Flow Hedges

  

Total

 
                 

Balances, December 31, 2022

 $(1,532

)

 $94  $649  $(789

)

                 

Other comprehensive income (loss) before reclassifications

  78   (115

)

  266   229 

Amounts reclassified from Accumulated other comprehensive loss

  10   17   (418

)

  (391

)

Net current period other comprehensive income (loss)

  88   (98

)

  (152

)

  (162

)

                 

Balances, September 30, 2023

 $(1,444

)

 $(4

)

 $497  $(951

)

 

  

Pension Liability Adjustment

  

Unrealized Loss on Foreign Currency Forward Contracts Designated as Cash Flow Hedges

  

Unrealized Gain on Interest Rate Swaps Designated as Cash Flow Hedges

  

Total

 
                 

Balances, December 31, 2021

 $(1,487

)

 $(195

)

 $-  $(1,682

)

                 

Other comprehensive income (loss) before reclassifications

  61   (383

)

  602   280 

Amounts reclassified from Accumulated other comprehensive loss

  5   138   59   202 

Net current period other comprehensive income (loss)

  66   (245

)

  661   482 
                 

Balances, September 30, 2022

 $(1,421

)

 $(440

)

 $661  $(1,200

)

 

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

 

  

Amount reclassified from

Accumulated Other Comprehensive Loss

 

Affected line item in

the Condensed

  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 

Consolidated Statements of

  

2023

  

2022

  

2023

  

2022

 

Operations

                  

Pension liability adjustment:

                 

Net periodic pension cost:

                 

Service cost

 $(4

)

 $(2

)

 $(10

)

 $(5

)

Cost of sales

   (4

)

  (2

)

  (10

)

  (5

)

Net of tax

                  

Unrealized gain (loss) on foreign currency forward contracts:

                 

Gain (loss) on cash flow hedges

  10   35   87   (56

)

Net sales

Loss on cash flow hedges

  (22

)

  -   (109

)

  (127

)

Property and equipment

Associated income tax benefit

  3   22   5   45 

Income tax expense

   (9

)

  57   (17

)

  (138

)

Net of tax

                  

Unrealized gain (loss) on interest rate swaps:

                 

Gain (loss) on cash flow hedges

  201   4   553   (78

)

Interest expense

Associated income tax (expense) benefit

  (49

)

  (1

)

  (135

)

  19 

Income tax expense

   152   3   418   (59

)

Net of tax

                  

Total reclassifications for the period

 $139  $58  $391  $(202

)