Graham Corporation Quarterly report pursuant to Section 13 or 15(d)

Changes in Accumulated Other Comprehensive Loss

3 Months Ended

Jun. 30, 2017

NOTE 13 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS:

The changes in accumulated other comprehensive loss by component for the three months ended June 30, 2017 and 2016 are as follows:

	Pension and Other Postretirement Benefit Items			Foreign Currency Items		Total
Balance at April 1, 2017	$	(8,439	)	$	5	$	(8,434	)
Other comprehensive income before reclassifications		—			54		54
Amounts reclassified from accumulated other comprehensive loss		170			—		170
Net current-period other comprehensive income		170			54		224
Balance at June 30, 2017	$	(8,269	)	$	59	$	(8,210	)

	Pension and Other Postretirement Benefit Items			Foreign Currency Items			Total
Balance at April 1, 2016	$	(10,932	)	$	256		$	(10,676	)
Other comprehensive income before reclassifications		—			(138	)		(138	)
Amounts reclassified from accumulated other comprehensive loss		225			—			225
Net current-period other comprehensive income		225			(138	)		87
Balance at June 30, 2016	$	(10,707	)	$	118		$	(10,589	)

The reclassifications out of accumulated other comprehensive loss by component for the three months ended June 30, 2017 and 2016 are as follows:

Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss								Affected Line Item in the Condensed Consolidated Statements of Income and Retained Earnings
	Three Months Ended
	June 30,
	2017				2016
Pension and other postretirement benefit items:
Amortization of actuarial loss	$	(263	)	⁽¹⁾	$	(348	)	⁽¹⁾	Income before provision for income taxes
		(93	)			(123	)		Provision for income taxes
	$	(170	)		$	(225	)		Net income

⁽¹⁾	These accumulated other comprehensive loss components are included within the computation of pension and other postretirement benefit costs. See Note 10.