NOTE F – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes reclassifications out of accumulated other comprehensive income (loss):

	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in thousands)	2016			2015			2016			2015
Pension and other postretirement benefits:
Recognized actuarial loss (a)	$	351		$	384		$	702		$	739
Settlement loss (b)		-			959			-			959
Settlement loss (c)		-			493			-			493
Total before income tax	$	351		$	1,836		$	702		$	2,191
Income tax		(119	)		(674	)		(220	)		(803	)
Net of income tax	$	232		$	1,162		$	482		$	1,388

(a)	The recognized actuarial loss is included in the computation of net periodic benefit cost. See Note E for additional details.

(b)	This portion of the settlement loss is included in cost of products sold on the condensed consolidated statements of income.

(c)	This portion of the settlement loss in included in Selling, general & administrative expenses on the condensed consolidated statements of income.

The following tables summarize changes in balances for each component of accumulated other comprehensive income (loss):

(Dollars in thousands)	Currency Translation Adjustments			Pensi on and Other Postretirement Benefits			Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2016	$	(9,057	)	$	(13,358	)	$	(22,415	)
Reclassification adjustments		-			702			702
Current period credit		1,246			-			1,246
Income tax expense		-			(220	)		(220	)
Balance at June 30, 2016	$	(7,811	)	$	(12,876	)	$	(20,687	)

(Dollars in thousands)	Currency Translation Adjustments			Pension and Other Postretirement Benefits			Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2015	$	(4,338	)	$	(12,988	)	$	(17,326	)
Reclassification adjustments		-			2,191			2,191
Current period (charge) credit		(2,215	)		-			(2,215	)
Income tax expense		-			(803	)		(803	)
Balance at June 30, 2015	$	(6,553	)	$	(11,600	)	$	(18,153	)