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, 2024

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 three and nine months ended December 31, 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 loss 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	)
Other comprehensive income before reclassifications		—			131			131
Amounts reclassified from accumulated other comprehensive loss		150			—			150
Net current-period other comprehensive income		150			131			281
Balance at September 30, 2024		(6,476	)		(134	)		(6,610	)
Other comprehensive loss before reclassifications		—			(208	)		(208	)
Amounts reclassified from accumulated other comprehensive loss		151			—			151
Net current-period other comprehensive income (loss)		151			(208	)		(57	)
Balance at December 31, 2024	$	(6,325	)	$	(342	)	$	(6,667	)


	Pension and Other Postretirement Benefit Items			Foreign Currency Items			Total
Balance at April 1, 2023	$	(7,470	)	$	7		$	(7,463	)
Other comprehensive loss 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	)
Other comprehensive loss before reclassifications		—			(58	)		(58	)
Amounts reclassified from accumulated other comprehensive loss		164			—			164
Net current-period other comprehensive income (loss)		164			(58	)		106
Balance at September 30, 2023		(7,142	)		(303	)		(7,445	)
Other comprehensive income before reclassifications		—			137			137
Amounts reclassified from accumulated other comprehensive loss		164			—			164
Net current-period other comprehensive income		164			137			301
Balance at December 31, 2023	$	(6,978	)	$	(166	)	$	(7,144	)

The reclassifications out of accumulated other comprehensive loss by component for the three and nine months ended December 31, 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
	December 31,
	2024			2023
Pension and other postretirement benefit items:
Amortization of actuarial loss	$	196	(1)	$	211	(1)	Income before provision (benefit) for income taxes
Tax effect		45			47		Provision (benefit) for income taxes
	$	151		$	164		Net income


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,
	2024			2023
Pension and other postretirement benefit items:
Amortization of actuarial loss	$	586	(1)	$	632	(1)	Income before provision for income taxes
Tax effect		135			140		Provision for income taxes
	$	451		$	492		Net income

(1)

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