Note 16 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

16. ACCUMULATED OTHER COMPREHENSIVE LOSS:

Accumulated other comprehensive loss consists of the following (in thousands):

	December 31,
	2021			2020
Pension liability adjustment, net of income tax benefit of $577 and $679	$	(1,487	)	$	(1,795	)
Unrealized loss on cash flow hedges, net of income tax benefit of $61 and $20		(195	)		(71	)
Total	$	(1,682	)	$	(1,866	)

The following table summarizes changes in the components of Accumulated other comprehensive loss (in thousands). All amounts are net of income tax:

	Pension Liability Adjustment			Unrealized Loss on Cash Flow Hedges			Total
Balance, December 31, 2020	$	(1,795	)	$	(71	)	$	(1,866	)
Other comprehensive income (loss) before reclassifications		386			(178	)		208
Amounts reclassified from Accumulated other comprehensive loss		(78	)		54			(24	)
Net current period adjustments to Other comprehensive loss		308			(124	)		184
Balance, December 31, 2021	$	(1,487	)	$	(195	)	$	(1,682	)

The following table provides additional detail about Accumulated other comprehensive loss components that were reclassified to the Consolidated Statements of Operations (in thousands):

	Amount reclassified from Accumulated Other Comprehensive Loss									Affected line item in the
Details about Accumulated Other	Year Ended December 31,									Consolidated Statements
Comprehensive Loss Components	2021			2020			2019			of Operations
Pension liability adjustment:
Net periodic pension cost:
Service cost	$	(7	)	$	(16	)	$	(11	)	Cost of sales
Non-service cost		110			46			(15	)	Other income
Associated income tax (expense) benefit		(25	)		(8	)		4		Income tax expense
		78			22			(22	)
Unrealized gain (loss) on cash flow hedges:
Gain (loss) on cash flow hedges		(72	)		(378	)		5		Net sales
Associated income tax benefit		18			97			2		Income tax expense
		(54	)		(281	)		7
Total reclassifications for the period	$	24		$	(259	)	$	(15	)