Quarterly report pursuant to Section 13 or 15(d)

Changes in Accumulated Other Comprehensive Loss

v3.3.1.900
Changes in Accumulated Other Comprehensive Loss
9 Months Ended
Dec. 31, 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 nine months ended December 31, 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

     -            (184)            (184)   

Amounts reclassified from accumulated other comprehensive loss

     589            -            589   
  

 

 

       

 

 

       

 

 

 

Net current-period other comprehensive income

     589            (184)            405   
  

 

 

       

 

 

       

 

 

 

Balance at December 31, 2015

   $ (8,873)          $ 222          $ (8,651)   
  

 

 

       

 

 

       

 

 

 
     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)   
  

 

 

       

 

 

       

 

 

 

 

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

December 31, 2015

   

Three Months
Ended

December 31, 2014

     

Pension and other postretirement benefit items:

      

Amortization of unrecognized prior service benefit

   $ - (1)    $ 25 (1)   

Amortization of actuarial loss

     (304 )(1)      (155 )(1)   
  

 

 

   

 

 

   
     (304     (130  

Income before provision for income taxes

     (107     (46  

Provision for income taxes

  

 

 

   

 

 

   
   $ (197   $ (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

    

 

 

Nine Months

Ended

December 31, 2015

  

  

  

   

 

 

Nine Months

Ended

December 31, 2014

  

  

  

 

Pension and other postretirement benefit items:

      

Amortization of unrecognized prior service benefit

   $ - (1)    $ 76 (1)   

Amortization of actuarial loss

     (911 )(1)      (465 )(1)   
  

 

 

   

 

 

   
     (911     (389  

Income before provision for income taxes

     (322     (137  

Provision for income taxes

  

 

 

   

 

 

   
   $ (589   $ (252  

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.