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Note 11 - Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
11.
Accumulated Other Comprehensive Loss
:
 
On
January 10, 2019,
the Company entered into a
five
-year forward starting fixed rate interest rate hedge in order to eliminate the variability of cash interest payments on
$75
million of the outstanding LIBOR based borrowings under the ABL Credit Facility. The interest rate hedge fixed the rate at
2.57%.
The fair value of the interest rate hedge of
$3.2
million, net of tax of
$0.8
million is included in “Accumulated other comprehensive loss” on the Consolidated Balance Sheets at
June 30, 2019.