Comprehensive Income

9 Months Ended

Sep. 30, 2018

Stockholders' Equity Note [Abstract]

Comprehensive Income (Loss) Note [Text Block]

14.

Comprehensive Income

Comprehensive income for the three and nine months ended September 30, 2018 and 2017, was as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
	(Dollars in thousands)
Net earnings	$	6,152		$	4,920	$	10,491		$	8,338
Foreign currency translation adjustments		(182	)		452		(1,292	)		1,672
Pension liability, net of tax of $41, $52, $124 and $154, respectively		116			80		352			241
Total comprehensive income	$	6,086		$	5,452	$	9,551		$	10,251

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

	September 30,			December 31,
	2018			2017
	(Dollars in thousands)
Foreign currency translation adjustments	$	(6,117	)	$	(4,186	)
Pension liability, net of tax		(13,321	)		(13,673	)
Total accumulated other comprehensive loss	$	(19,438	)	$	(17,859	)

The following presents a tabular disclosure about changes in accumulated other comprehensive loss during the nine months ended September 30, 2018:

	Foreign Currency Translation Adjustments			Defined Benefit Pension Items			Total
Beginning balance, December 31, 2017	$	(4,186	)	$	(13,673	)	$	(17,859	)
Other comprehensive loss before reclassifications		(820	)		-			(820	)
Amounts reclassified from accumulated other comprehensive loss		-			352			352
Amounts reclassified from noncontrolling interest		(1,111	)		-			(1,111	)
Net current period other comprehensive (loss) income		(1,931	)		352			(1,579	)
Ending balance, September 30, 2018	$	(6,117	)	$	(13,321	)	$	(19,438	)

The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the nine months ended September 30, 2018:

	Amounts reclassified from accumulated other comprehensive loss for the nine months ended September 30, 2018			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		523	(1)	Other expense, net
Total before tax		476
Tax benefit		(124	)
Net of tax	$	352

(1)

These amounts were included in the net periodic pension cost. See Note 10 for additional details.