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NOTE 12 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS:
The changes in accumulated other comprehensive loss by component for the three months ended June 30, 2022 and 2021 are as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
|
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Pension and
Other
Postretirement
Benefit Items |
|
|
Foreign
Currency
Items |
|
|
Total |
|
Balance at April 1, 2022 |
|
$ |
(6,970 |
) |
|
$ |
499 |
|
|
$ |
(6,471 |
) |
Other comprehensive income before reclassifications |
|
|
— |
|
|
|
(343 |
) |
|
|
(343 |
) |
Amounts reclassified from accumulated other comprehensive
loss |
|
|
131 |
|
|
|
— |
|
|
|
131 |
|
Net current-period other comprehensive income |
|
|
131 |
|
|
|
(343 |
) |
|
$ |
(212 |
) |
Balance at June 30, 2022 |
|
$ |
(6,839 |
) |
|
$ |
156 |
|
|
$ |
(6,683 |
) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pension and
Other
Postretirement
Benefit Items |
|
|
Foreign
Currency
Items |
|
|
Total |
|
Balance at April 1, 2021 |
|
$ |
(7,698 |
) |
|
$ |
301 |
|
|
$ |
(7,397 |
) |
Other comprehensive income before reclassifications |
|
|
— |
|
|
|
128 |
|
|
|
128 |
|
Amounts reclassified from accumulated other comprehensive
loss |
|
|
170 |
|
|
|
— |
|
|
|
170 |
|
Net current-period other comprehensive income |
|
|
170 |
|
|
|
128 |
|
|
|
298 |
|
Balance at June 30, 2021 |
|
$ |
(7,528 |
) |
|
$ |
429 |
|
|
$ |
(7,099 |
) |
The reclassifications out of accumulated other comprehensive loss by component for the three months ended June 30, 2022 and 2021 are as follows:
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|
|
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|
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|
Details about Accumulated Other
Comprehensive Loss Components |
|
Amount Reclassified from
Accumulated Other
Comprehensive Loss |
|
|
|
Affected Line Item in the Condensed
Consolidated Statements of Income |
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|
Three Months Ended |
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|
|
|
|
June 30, |
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|
|
|
|
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2022 |
|
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|
2021 |
|
|
|
|
Pension and other postretirement benefit items: |
|
|
|
|
|
|
|
|
|
|
Amortization of actuarial income (loss) |
|
$ |
168 |
|
(1) |
|
$ |
(219 |
) |
(1) |
|
Income (loss) before benefit for income taxes |
|
|
|
37 |
|
|
|
|
(49 |
) |
|
|
Benefit for income taxes |
|
|
$ |
131 |
|
|
|
$ |
(170 |
) |
|
|
Net income (loss) |
(1)These accumulated other comprehensive loss components are included within the computation of pension and other postretirement benefit costs. See Note 9.
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