Quarterly report pursuant to Section 13 or 15(d)

Changes in Accumulated Other Comprehensive Loss

v2.4.0.8
Changes in Accumulated Other Comprehensive Loss
 6 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss

 

NOTE 13 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS:

 

The changes in accumulated other comprehensive loss by component for the six months ended September 30, 2014 and 2013 are as follows:

 

     Pension and
Other
  Postretirement  
Benefit Items		           Foreign
  Currency  
Items		               Total      

Balance at April 1, 2014

    $ (6,168)          $   403          $ (5,765)   

Other comprehensive income before reclassifications

      -             44            44    

Amounts reclassified from accumulated other comprehensive loss

      168             -            168    
  

 

 

        

 

 

        

 

 

  

Net current-period other comprehensive income

      168             44            212    
  

 

 

        

 

 

        

 

 

  

Balance at September 30, 2014

    $ (6,000)          $ 447          $ (5,553)   
  

 

 

        

 

 

        

 

 

  
     Pension and
Other
Postretirement
Benefit Items		           Foreign
Currency
Items		           Total  

Balance at April 1, 2013

    $   (8,443)          $   410          $   (8,033)   

Other comprehensive income before reclassifications

      -            45            45    

Amounts reclassified from accumulated other comprehensive loss

      286            -            286    
  

 

 

        

 

 

        

 

 

  

Net current-period other comprehensive income

      286            45            331    
  

 

 

        

 

 

        

 

 

  

Balance at September 30, 2013

    $   (8,157)          $   455          $ (7,702)   
  

 

 

        

 

 

        

 

 

  

 

 

The reclassifications out of accumulated other comprehensive loss by component for the three and six months ended September 30, 2014 and 2013 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 Operations and

Retained Earnings
    

Three Months
Ended

September 30,

2014

    

Three Months
Ended

September 30,

2013

      

Pension and other postretirement benefit items:

       

Amortization of unrecognized prior service benefit

    $ 26 (1)    $ 41 (1)   

Amortization of actuarial loss

      (155 )(1)      (262 )(1)   
  

 

 

    

 

 

    
     (129 )      (221 )   

Income before provision for income taxes
     (45 )      (78 )   

Provision for income taxes
  

 

 

    

 

 

    
   $ (84 )    $ (143 )   

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 Operations and

Retained Earnings
    

Six Months

Ended

September 30,

2014

    

Six Months

Ended

September 30,

2013

      

Pension and other postretirement benefit items:

       

Amortization of unrecognized prior service benefit

    $ 51 (1)    $ 81 (1)   

Amortization of actuarial loss

      (310 )(1)      (523 )(1)   
  

 

 

    

 

 

    
     (259 )      (442 )   

Income before provision for income taxes
     (91 )      (156 )   

Provision for income taxes
  

 

 

    

 

 

    
   $ (168 )    $ (286 )   

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 10.