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Note 13 – Changes in Accumulated Other Comprehensive Loss:
The changes in accumulated other comprehensive loss by component for fiscal 2022 and fiscal 2021 are:
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Pension and Other Postretirement
Benefit Items |
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Foreign
Currency
Items |
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Total |
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Balance at April 1, 2020 |
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(9,472 |
) |
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(84 |
) |
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(9,556 |
) |
Other comprehensive income before reclassifications |
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|
946 |
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385 |
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1,331 |
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Amounts reclassified from accumulated other
comprehensive loss |
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|
828 |
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— |
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|
828 |
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Net current-period other comprehensive income |
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1,774 |
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|
385 |
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2,159 |
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Balance at March 31, 2021 |
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(7,698 |
) |
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301 |
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(7,397 |
) |
Other comprehensive income before reclassifications |
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(47 |
) |
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|
198 |
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|
151 |
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Amounts reclassified from accumulated other
comprehensive loss |
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775 |
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— |
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775 |
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Net current-period other comprehensive income |
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|
728 |
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|
198 |
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|
926 |
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Balance at March 31, 2022 |
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$ |
(6,970 |
) |
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$ |
499 |
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$ |
(6,471 |
) |
The reclassifications out of accumulated other comprehensive loss by component are as follows:
Year ended March 31, 2022
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Details about Accumulated Other
Comprehensive Loss Components |
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Amounts Reclassified from
Accumulated Other
Comprehensive Loss |
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Affected Line Item in the
Consolidated Statements of
Operations |
Pension and other postretirement benefit items: |
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Amortization of unrecognized prior service
benefit |
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$ |
— |
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Amortization of actuarial loss |
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(996 |
) |
(1) |
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(996 |
) |
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Income before provision for income taxes |
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(221 |
) |
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Provision for income taxes |
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$ |
(775 |
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Net income |
Year ended March 31, 2021
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Details about Accumulated Other
Comprehensive Loss Components |
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Amounts Reclassified from
Accumulated Other
Comprehensive Loss |
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Affected Line Item in the
Consolidated Statements of
Operations |
Pension and other postretirement benefit items: |
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Amortization of unrecognized prior service
benefit |
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$ |
— |
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Amortization of actuarial loss |
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(1,066 |
) |
(1) |
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(1,066 |
) |
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Income before provision for income taxes |
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(238 |
) |
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Provision for income taxes |
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$ |
(828 |
) |
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Net income |
(1)
These accumulated other comprehensive loss components are included within the computation of net periodic pension and other postretirement benefit costs. See Note 11.
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