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 (Tables)

Changes in Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Dec. 31, 2014

Changes in Accumulated Other Comprehensive Loss by Component

The changes in accumulated other comprehensive loss by component for the nine months ended December 31, 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		—			4		4
Amounts reclassified from accumulated other comprehensive loss		252			—		252

Net current-period other comprehensive income		252			4		256

Balance at December 31, 2014	$	(5,916	)	$	407	$	(5,509	)


	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		—			73		73
Amounts reclassified from accumulated other comprehensive loss		429			—		429

Net current-period other comprehensive income		429			73		502

Balance at December 31, 2013	$	(8,014	)	$	483	$	(7,531	)

Reclassifications Out of Accumulated Other Comprehensive Loss by Component

The reclassifications out of accumulated other comprehensive loss by component for the three and nine months ended December 31, 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 December 31, 2014			Three Months Ended December 31, 2013

Pension and other postretirement benefit items:
Amortization of unrecognized prior service benefit	$	25	⁽¹⁾	$	40	⁽¹⁾
Amortization of actuarial loss		(155	)⁽¹⁾		(261	)⁽¹⁾

		(130	)		(221	)	Income before provision for income taxes
		(46	)		(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
	Nine Months Ended December 31, 2014			Nine Months Ended December 31, 2013

Pension and other postretirement benefit items:
Amortization of unrecognized prior service benefit	$	76	⁽¹⁾	$	121	⁽¹⁾
Amortization of actuarial loss		(465	)⁽¹⁾		(784	)⁽¹⁾

		(389	)		(663	)	Income before provision for income taxes
		(137	)		(234	)	Provision for income taxes

	$	(252	)	$	(429	)	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.