12.

Comprehensive Income

Comprehensive income for the three and nine months ended September 30, 2017 and 2016, was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(Dollars in thousands)
Net earnings	$	4,920	$	4,701	$	8,338	$	8,411
Foreign currency translation adjustments		452		261		1,672		1,222
Pension liability, net of tax of $52, $163, $154 and $490, respectively		80		256		241		767
Total comprehensive income	$	5,452	$	5,218	$	10,251	$	10,400

The components of accumulated other comprehensive loss as recorded in the Consolidated Condensed Balance Sheets (Unaudited) were as follows:

	September 30,		December 31,
	2017		2016
	(Dollars in thousands)
Foreign currency translation adjustments	$	(4,158)	$	(5,489)
Pension liability, net of tax		(10,839)		(11,080)
Total accumulated other comprehensive loss	$	(14,997)	$	(16,569)

The following presents a tabular disclosure about changes in accumulated other comprehensive loss during the nine months ended September 30, 2017:

	Foreign Currency Translation Adjustments		Defined Benefit Pension Items		Total
Beginning balance, December 31, 2016	$	(5,489)	$	(11,080)	$	(16,569)
Other comprehensive income before reclassifications		1,331		-		1,331
Amounts reclassified from accumulated other comprehensive loss		-		241		241
Net current period other comprehensive income		1,331		241		1,572
Ending balance, September 30, 2017	$	(4,158)	$	(10,839)	$	(14,997)

The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the nine months ended September 30, 2017:

	Amounts reclassified from accumulated other comprehensive loss for the nine months ended September 30, 2017			Affected line item in the statement where net income is presented
Amortization of defined benefit pension items
Prior service cost	$	(47)	⁽¹⁾		Other expense, net
Actuarial losses		442	⁽¹⁾		Other expense, net
Total before tax		395
Tax benefit		(154)
Net of tax	$	241

⁽¹⁾

These amounts were included in the net periodic pension cost. See Note 8 for additional details.