15. Accumulated Other Comprehensive Income

The following table presents changes in Accumulated Other Comprehensive Income by component, net of tax, for the years ended December 31, 2018 and 2017:



	Hedging Derivative Activities			Post Retirement Benefit Plan Items^(A)			Total
2017:
Balance at January 1, 2017	$	(200,000	)	$	2,614,000		$	2,414,000
Other comprehensive income before reclassifications	517,000			(417,000		)	100,000
Amounts reclassified from accumulated other comprehensive income	(512,000		)	(347,000		)	(859,000		)
Income tax (expense) benefit	(2,000		)	255,000			253,000
Adoption of Accounting Standards Update 2018-02	—			162,000			162,000
Balance at December 31, 2017	$	(197,000	)	$	2,267,000		$	2,070,000

2018:
Balance at January 1, 2018	$	(197,000	)	$	2,267,000		$	2,070,000
Other comprehensive income before reclassifications	(608,000		)	910,000			302,000
Amounts reclassified from accumulated other comprehensive income	91,000			(325,000		)	(234,000		)
Income tax (expense) benefit	102,000			(123,000		)	(21,000		)
Balance at December 31, 2018	$	(612,000	)	$	2,729,000		$	2,117,000

^(A) The effect of post-retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in total cost of sales on the Consolidated Statements of Income. These Accumulated Other Comprehensive Income components are included in the computation of net periodic benefit cost (see Note 12 "Post Retirement Benefits" for additional details). The tax effect of post-retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in income tax expense on the Consolidated Statements of Income.