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Note 17 - Stockholders' Equity
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

(17)         Stockholders’ Equity

 

As of December 31, 2021 and 2020, 24,850 shares of the Company’s preferred stock were designated as Series A Preferred Stock in accordance with the terms of our stockholder rights plan, which expired in October 2011. There are no shares of Series A Preferred Stock currently outstanding, and there are no current plans to issue any such shares.

 

The holders of our common stock were not entitled to any payment as a result of the expiration of the rights plan and the rights issued thereunder.

 

The Company’s accumulated other comprehensive loss consists of employee benefit related adjustments and foreign currency translation adjustments.

 

Accumulated other comprehensive loss consisted of the following (in thousands):

 

  

December 31,

 
  

2021

  

2020

 

Foreign currency translation adjustments, net of tax

 $(11,440

)

 $(10,847

)

Employee benefit related adjustments – U.S, net of tax

  (11,745

)

  (13,867

)

Employee benefit related adjustments – Mexico, net of tax

  191   16 

Accumulated other comprehensive loss

 $(22,994

)

 $(24,698

)

 

Changes in each component of accumulated other comprehensive loss consisted of the following:

 

  

Foreign

Currency

Translation

  

Defined

Benefit

Plans

  

Accum.

Other

Comp Loss

 
             

Balance at January 1, 2020

 $(10,623

)

 $(13,428

)

 $(24,051

)

Currency translation adjustments, net of tax

  (224

)

  0   (224

)

Net actuarial loss for the year, net of tax

  0   (1,054

)

  (1,054

)

Amortization for the year, net of tax

  0   631   631 

Balance at December 31, 2020

 $(10,847

)

 $(13,851

)

 $(24,698

)

Currency translation adjustments, net of tax

  (593

)

  0   (593

)

Net actuarial loss for the year, net of tax

  0   1,684   1,684 

Amortization for the year, net of tax

  0   613   613 

Balance at December 31, 2021

 $(11,440

)

 $(11,554

)

 $(22,994

)