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

Quarterly report pursuant to Section 13 or 15(d)

Changes in Accumulated Other Comprehensive Loss

Changes in Accumulated Other Comprehensive Loss

9 Months Ended

Dec. 31, 2017

Changes in Accumulated Other Comprehensive Loss

NOTE 13 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS:

The changes in accumulated other comprehensive loss by component for the nine months ended December 31, 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		—			216		216
Amounts reclassified from accumulated other comprehensive loss		619			—		619
Net current-period other comprehensive income		619			216		835
Balance at December 31, 2017	$	(7,820	)	$	221	$	(7,599	)

	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		—			(283	)		(283	)
Amounts reclassified from accumulated other comprehensive loss		674			—			674
Net current-period other comprehensive income		674			(283	)		391
Balance at December 31, 2016	$	(10,258	)	$	(27	)	$	(10,285	)

The reclassifications out of accumulated other comprehensive loss by component for the three and nine months ended December 31, 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
	December 31,
	2017				2016
Pension and other postretirement benefit items:
Amortization of actuarial loss	$	(262	)	⁽¹⁾	$	(348	)	⁽¹⁾	Income before provision for income taxes
		17				(123	)		Provision for income taxes
	$	(279	)		$	(225	)		Net income

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
	Nine Months Ended
	December 31,
	2017				2016
Pension and other postretirement benefit items:
Amortization of actuarial loss	$	(788	)	⁽¹⁾	$	(1,043	)	⁽¹⁾	Income before provision for income taxes
		(169	)			(369	)		Provision for income taxes
	$	(619	)		$	(674	)		Net income

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