Quarterly report pursuant to Section 13 or 15(d)

Changes in Accumulated Other Comprehensive Loss

v3.3.0.814
Changes in Accumulated Other Comprehensive Loss
 6 Months Ended
Sep. 30, 2015
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, 2015 and 2014 are as follows:

 

     Pension and
Other
  Postretirement  
Benefit Items		           Foreign
  Currency  
Items		               Total      

Balance at April 1, 2015

    $ (9,462)          $ 406          $ (9,056)   

Other comprehensive income before reclassifications

      -            (111)            (111)   

Amounts reclassified from accumulated other comprehensive loss

      392            -            392   
  

 

 

        

 

 

        

 

 

  

Net current-period other comprehensive income

      392            (111)            281   
  

 

 

        

 

 

        

 

 

  

Balance at September 30, 2015

    $ (9,070)          $ 295          $ (8,775)   
  

 

 

        

 

 

        

 

 

  
     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)   
  

 

 

        

 

 

        

 

 

  

 

The reclassifications out of accumulated other comprehensive loss by component for the three and six months ended September 30, 2015 and 2014 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, 2015

    

Three Months
Ended

September 30, 2014

      

Pension and other postretirement benefit items:

       

Amortization of unrecognized prior service benefit

    $ -      $ 26 (1)   

Amortization of actuarial loss

      (304 )      (155 )(1)   
  

 

 

    

 

 

    
     (304 )      (129 )   

Income before provision for income taxes
     (108 )      (45 )   

Provision for income taxes
  

 

 

    

 

 

    
   $ (196 )    $ (84 )   

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, 2015

   

  

  

    

 

 

 Six Months

Ended

September 30, 2014

   

  

  

  

Pension and other postretirement benefit items:

       

Amortization of unrecognized prior service benefit

    $ -      $ 51 (1)   

Amortization of actuarial loss

      (607 )      (310 )(1)   
  

 

 

    

 

 

    
     (607 )      (259 )   

Income before provision for income taxes
     (215 )      (91 )   

Provision for income taxes
  

 

 

    

 

 

    
   $ (392 )    $ (168 )   

Net income
  

 

 

    

 

 

    

 

(1) 

These accumulated other comprehensive loss components are included within the computation of net pension and other postretirement benefit costs. See Note 10.