Graham Corporation Annual report pursuant to Section 13 and 15(d)

Changes in Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Mar. 31, 2018

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.