Graham Corporation Quarterly report pursuant to Section 13 or 15(d)

Changes in Accumulated Other Comprehensive Loss

3 Months Ended

Jun. 30, 2024

NOTE 12 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS:

The changes in accumulated other comprehensive loss by component for the three months ended June 30, 2024 and 2023 are as follows:


	Pension and Other Postretirement Benefit Items			Foreign Currency Items			Total
Balance at April 1, 2024	$	(6,776	)	$	(237	)	$	(7,013	)
Other comprehensive income before reclassifications		—			(28	)		(28	)
Amounts reclassified from accumulated other comprehensive loss		150			—			150
Net current-period other comprehensive income (loss)		150			(28	)		122
Balance at June 30, 2024	$	(6,626	)	$	(265	)	$	(6,891	)


	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		—			(252	)		(252	)
Amounts reclassified from accumulated other comprehensive loss		164			—			164
Net current-period other comprehensive income (loss)		164			(252	)	$	(88	)
Balance at June 30, 2023	$	(7,306	)	$	(245	)	$	(7,551	)

The reclassifications out of accumulated other comprehensive loss by component for the three months ended June 30, 2024 and 2023 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
	June 30,
	2024			2023
Pension and other postretirement benefit items:
Amortization of actuarial loss	$	195	(1)	$	211	(1)	Income before benefit for income taxes
Tax effect		45			47		Provision for income taxes
	$	150		$	164		Net income

(1)

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