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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Accumulated Comprehensive Loss

The components of accumulated other comprehensive loss follow:

 

 

 

Foreign currency

translation

adjustment

 

 

Net prior service

credit and

actuarial losses

 

 

Total

 

Balances, January 1, 2019

 

$

(1,518,822

)

 

$

(539,163

)

 

$

(2,057,985

)

Change in net prior service credit and actuarial losses, net of tax

 

 

 

 

 

143,906

 

 

 

143,906

 

Adoption of ASU 2018-02

 

 

 

 

 

(119,014

)

 

 

(119,014

)

Translation adjustment

 

 

45,223

 

 

 

 

 

 

45,223

 

Balances, December 31, 2019

 

$

(1,473,599

)

 

$

(514,271

)

 

$

(1,987,870

)

Change in net prior service credit and actuarial losses, net of tax

 

 

 

 

 

514,271

 

 

 

514,271

 

Translation adjustment

 

 

647,632

 

 

 

 

 

 

647,632

 

Balances, December 31, 2020

 

$

(825,967

)

 

$

 

 

$

(825,967

)