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Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income

Note 12 – Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income consist of the following:

 

 

 

Pre-Tax

 

 

Tax

 

 

After-Tax

 

Three months ended September 30, 2024

 

 

 

 

 

 

 

 

 

Pension liability activity:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for amortization of net loss (pre-tax other income)

 

$

39

 

 

$

-

 

 

$

39

 

Foreign currency derivative liability activity:

 

 

 

 

 

 

 

 

 

Unrealized loss on foreign currency derivatives

 

$

(1,123

)

 

$

-

 

 

$

(1,123

)

 

 

$

(1,084

)

 

$

-

 

 

$

(1,084

)

 

Three months ended September 30, 2023

 

 

 

 

 

 

 

 

 

Pension liability activity:

 

 

 

 

 

 

 

 

 

Loss on pension settlement

 

$

313

 

 

$

-

 

 

$

313

 

Reclassification adjustment for amortization of net loss (pre-tax other income)

 

 

573

 

 

 

-

 

 

 

573

 

 

 

$

886

 

 

$

-

 

 

$

886

 

Foreign currency derivative asset activity:

 

 

 

 

 

 

 

 

 

Unrealized gain on foreign currency derivatives

 

$

34

 

 

$

-

 

 

$

34

 

 

 

$

920

 

 

$

-

 

 

$

920

 

 

Nine months ended September 30, 2024

 

Pre-Tax

 

 

Tax

 

 

After-Tax

 

Pension liability activity:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for amortization of net loss (pre-tax other income)

 

$

109

 

 

$

-

 

 

$

109

 

Foreign currency derivative liability activity:

 

 

 

 

 

 

 

 

 

Unrealized loss on foreign currency derivatives

 

$

(2,390

)

 

$

-

 

 

$

(2,390

)

 

 

$

(2,281

)

 

$

-

 

 

$

(2,281

)

 

Nine months ended September 30, 2023

 

 

 

 

 

 

 

 

 

Pension liability activity:

 

 

 

 

 

 

 

 

 

Loss on pension settlement

 

$

313

 

 

$

-

 

 

$

313

 

Reclassification adjustment for amortization of net loss (pre-tax other income)

 

 

650

 

 

 

-

 

 

 

650

 

 

 

$

963

 

 

$

-

 

 

$

963

 

Foreign currency derivative asset activity:

 

 

 

 

 

 

 

 

 

Unrealized gain on foreign currency derivatives

 

$

34

 

 

$

-

 

 

$

34

 

 

 

$

997

 

 

$

-

 

 

$

997

 

 

The components of accumulated other comprehensive income consist of the following:

 

 

 

September 30,

 

 

December 31,

 

 

2024

 

 

2023

 

Unrecognized pension income, net of tax of $6,282 and $6,282, respectively

 

$

1,868

 

 

$

1,759

 

Unrealized (loss) gain on foreign currency derivatives

 

 

(1,784

)

 

 

606

 

 

 

$

84

 

 

$

2,365