Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2023

Accumulated other comprehensive income (loss)

Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) is comprised of net income and other adjustments that relate to foreign currency translation adjustments and defined benefit pension plan adjustments. We do not provide income taxes on currency translation adjustments, as the earnings of our Canadian operations are considered to be indefinitely reinvested.

The following summarizes the components of other comprehensive income (loss) accumulated in shareholders’ equity:


	Foreign Currency Translation Adjustments		Available for Sale Securities		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2021	$	(3,738)	$	—	$	(809)	$	(4,547)
Foreign currency translation adjustments	84		—		—		84

Amounts reclassified from accumulated other comprehensive income (loss)	—		—		201		201
Tax effect	—		—		(52)		(52)
Unrecognized amounts from defined benefit pension plans	—		—		110		110
Tax effect	—		—		31		31
Net of tax amount	84		—		290		374
Balance at December 31, 2021	$	(3,654)	$	—	$	(519)	$	(4,173)
Foreign currency translation adjustments	(1,857)		—		—		(1,857)
Unrealized gain (loss) on available-for-sale securities	—		(245)		—		(245)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(8)		119		111
Tax effect	—		54		(31)		23
Unrecognized amounts from defined benefit pension plans	—		—		705		705
Tax effect	—		—		(152)		(152)
Net of tax amount	(1,857)		(199)		641		(1,415)
Balance at December 31, 2022	$	(5,511)	$	(199)	$	122	$	(5,588)
Foreign currency translation adjustments	589		—		—		589
Unrealized gain (loss) on available-for-sale securities	—		95		—		95
Amounts reclassified from accumulated other comprehensive income (loss)	—		272		—		272
Tax effect	—		(76)		—		(76)
Unrecognized amounts from defined benefit pension plans	—		—		(103)		(103)
Tax effect	—		—		26		26
Net of tax amount	589		291		(77)		803
Balance at December 31, 2023	$	(4,922)	$	92	$	45	$	(4,785)

The amounts reclassified from accumulated other comprehensive income (loss) related to defined benefit pension plans for 2023, 2022 and 2021 are included in net periodic pension expense classified in the statement of operations as general and administrative expense or other income (expense).