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, 2021

Changes in Accumulated Other Comprehensive Loss

NOTE 12 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS:

The changes in accumulated other comprehensive loss by component for the nine months ended December 31, 2021 and 2020 are as follows:


	Pension and Other Postretirement Benefit Items			Foreign Currency Items		Total
Balance at April 1, 2021	$	(7,698	)	$	301	$	(7,397	)
Other comprehensive income before reclassifications		68			201		269
Amounts reclassified from accumulated other comprehensive loss		563			—		563
Net current-period other comprehensive income		631			201		832
Balance at December 31, 2021	$	(7,067	)	$	502	$	(6,565	)


	Pension and Other Postretirement Benefit Items			Foreign Currency Items			Total
Balance at April 1, 2020	$	(9,472	)	$	(84	)	$	(9,556	)
Other comprehensive loss before reclassifications		—			416			416
Amounts reclassified from accumulated other comprehensive loss		614			—			614
Net current-period other comprehensive income		614			416			1,030
Balance at December 31, 2020	$	(8,858	)	$	332		$	(8,526	)

The reclassifications out of accumulated other comprehensive loss by component for the three and nine months ended December 31, 2021 and 2020 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
	Three Months Ended
	December 31,
	2021				2020
Pension and other postretirement benefit items:
Amortization of actuarial loss	$	(270	)	(1)	$	(266	)	(1)	Loss before benefit for income taxes
		(60	)			(61	)		Benefit for income taxes
	$	(210	)		$	(205	)		Net loss


Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss								Affected Line Item in the Condensed Consolidated Statements of Income
	Nine Months Ended
	December 31,
	2021				2020
Pension and other postretirement benefit items:
Amortization of actuarial loss	$	(725	)	(1)	$	(799	)	(1)	Loss before benefit for income taxes
		(162	)			(185	)		Benefit for income taxes
	$	(563	)		$	(614	)		Net loss

(1)

These accumulated other comprehensive loss components are included within the computation of pension and other postretirement benefit costs. See Note 9.