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Note 10 - Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

10.

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 $6.0 million, net of tax of $1.5 million is included in “Accumulated other comprehensive loss” on the Consolidated Balance Sheet as of September 30, 2020. The fair value of the interest rate hedge of $3.0 million, net of tax of $0.8 million is included in “Accumulated other comprehensive loss” on the Consolidated Balance Sheet as of December 31, 2019.