Note 12 – Changes in Accumulated Other Comprehensive Loss:
The changes in accumulated other comprehensive loss by component for fiscal 2018 and fiscal 2017 are:
|
|
|
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
|
|
|
1,596
|
|
|
|
(251
|
)
|
|
|
1,345
|
|
|
Amounts reclassified from accumulated other
comprehensive loss
|
|
|
897
|
|
|
|
—
|
|
|
|
897
|
|
|
Net current-period other comprehensive income
|
|
|
2,493
|
|
|
|
(251
|
)
|
|
|
2,242
|
|
|
Balance at March 31, 2017
|
|
|
(8,439
|
)
|
|
|
5
|
|
|
|
(8,434
|
)
|
|
Other comprehensive income before reclassifications
|
|
|
851
|
|
|
|
344
|
|
|
|
1,195
|
|
|
Amounts reclassified from accumulated other
comprehensive loss
|
|
|
817
|
|
|
|
—
|
|
|
|
817
|
|
|
Net current-period other comprehensive income
|
|
|
1,668
|
|
|
|
344
|
|
|
|
2,012
|
|
|
Amounts reclassified from accumulated other
comprehensive loss to retained earnings
|
|
|
(1,828
|
)
|
(1)
|
|
—
|
|
|
|
(1,828
|
)
|
|
Balance at March 31, 2018
|
|
$
|
(8,599
|
)
|
|
$
|
349
|
|
|
$
|
(8,250
|
)
|
(1) This amount represents the reclassification of stranded tax effects related to the Tax Act. See Note 1.
The reclassifications out of accumulated other comprehensive loss by component are as follows:
Year ended March 31, 2018
|
Details about Accumulated Other
Comprehensive Loss Components
|
|
Amounts Reclassified from
Accumulated Other
Comprehensive Loss
|
|
|
|
Affected Line Item in the
Consolidated Statements of
Operations
|
|
Pension and other postretirement benefit items:
|
|
|
|
|
|
|
|
|
Amortization of unrecognized prior service
benefit
|
|
$
|
—
|
|
|
|
|
|
Amortization of actuarial loss
|
|
|
(1,050
|
)
|
(2)
|
|
|
|
|
|
|
(1,050
|
)
|
|
|
Income before provision for income taxes
|
|
|
|
|
(233
|
)
|
|
|
Provision for income taxes
|
|
|
|
$
|
(817
|
)
|
|
|
Net income
|
Year ended March 31, 2017
|
Details about Accumulated Other
Comprehensive Loss Components
|
|
Amounts Reclassified from
Accumulated Other
Comprehensive Loss
|
|
|
|
Affected Line Item in the
Consolidated Statements of
Operations
|
|
Pension and other postretirement benefit items:
|
|
|
|
|
|
|
|
|
Amortization of unrecognized prior service
benefit
|
|
$
|
—
|
|
|
|
|
|
Amortization of actuarial loss
|
|
|
(1,387
|
)
|
(2)
|
|
|
|
|
|
|
(1,387
|
)
|
|
|
Income before provision for income taxes
|
|
|
|
|
(490
|
)
|
|
|
Provision for income taxes
|
|
|
|
$
|
(897
|
)
|
|
|
Net income
|
|
(2)
|
These accumulated other comprehensive loss components are included within the computation of net periodic pension and other postretirement benefit costs. See Note 10.
|
|