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NOTE 12 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS:
The changes in accumulated other comprehensive loss by component for the nine months ended December 31, 2023 and 2022 are as follows:
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|
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Pension and
Other
Postretirement
Benefit Items |
|
|
Foreign
Currency
Items |
|
|
Total |
|
Balance at April 1, 2023 |
|
$ |
(7,470 |
) |
|
$ |
7 |
|
|
$ |
(7,463 |
) |
Other comprehensive income before reclassifications |
|
|
— |
|
|
|
(173 |
) |
|
|
(173 |
) |
Amounts reclassified from accumulated other comprehensive
loss |
|
|
492 |
|
|
|
— |
|
|
|
492 |
|
Net current-period other comprehensive income (loss) |
|
|
492 |
|
|
|
(173 |
) |
|
|
319 |
|
Balance at December 31, 2023 |
|
$ |
(6,978 |
) |
|
$ |
(166 |
) |
|
$ |
(7,144 |
) |
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|
|
|
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|
|
|
|
|
|
Pension and
Other
Postretirement
Benefit Items |
|
|
Foreign
Currency
Items |
|
|
Total |
|
Balance at April 1, 2022 |
|
$ |
(6,970 |
) |
|
$ |
499 |
|
|
$ |
(6,471 |
) |
Other comprehensive income before reclassifications |
|
|
— |
|
|
|
(519 |
) |
|
|
(519 |
) |
Amounts reclassified from accumulated other comprehensive
loss |
|
|
393 |
|
|
|
— |
|
|
|
393 |
|
Net current-period other comprehensive income (loss) |
|
|
393 |
|
|
|
(519 |
) |
|
$ |
(126 |
) |
Balance at December 31, 2022 |
|
$ |
(6,577 |
) |
|
$ |
(20 |
) |
|
$ |
(6,597 |
) |
The reclassifications out of accumulated other comprehensive loss by component for the three and nine months ended December 31, 2023 and 2022 are as follows:
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|
Details about Accumulated Other
Comprehensive Loss Components |
|
Amount Reclassified from
Accumulated Other
Comprehensive Loss |
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|
|
Affected Line Item in the Condensed
Consolidated Statements of Income |
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|
Three Months Ended |
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|
December 31, |
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|
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Pension and other postretirement benefit items: |
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|
|
|
|
|
|
|
|
|
Amortization of actuarial loss |
|
$ |
211 |
|
(1) |
|
$ |
169 |
|
(1) |
|
Income before benefit for income taxes |
Tax effect |
|
|
47 |
|
|
|
|
38 |
|
|
|
(Benefit) provision for income taxes |
|
|
$ |
164 |
|
|
|
$ |
131 |
|
|
|
Net income |
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|
|
|
|
|
|
|
|
|
|
|
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 |
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|
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|
December 31, |
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|
|
|
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2023 |
|
|
|
2022 |
|
|
|
|
Pension and other postretirement benefit items: |
|
|
|
|
|
|
|
|
|
|
Amortization of actuarial loss |
|
$ |
632 |
|
(1) |
|
$ |
505 |
|
(1) |
|
Income before benefit for income taxes |
Tax effect |
|
|
140 |
|
|
|
|
112 |
|
|
|
(Benefit) provision for income taxes |
|
|
$ |
492 |
|
|
|
$ |
393 |
|
|
|
Net income |
(1)These accumulated other comprehensive loss components are included within the computation of pension and other postretirement benefit costs.
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