Note 13 - Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

13. ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss at  March 31, 2022 and December 31, 2021 are summarized below:

	March 31,			December 31,
	2022			2021
Foreign currency translation adjustment, net of taxes of ($404) at March 31, 2022 and ($417) at December 31, 2021	$	(16,127	)	$	(14,911	)
Unrealized gains (losses) on interest rate swap cash flow hedge, net of taxes of ($7) at March 31, 2022 and ($7) at December 31, 2021		2,897			(87	)
Unfunded SERP liability, net of taxes of ($485) at March 31, 2022 and ($502) at December 31, 2021		(3,804	)		(3,865	)
Accumulated other comprehensive loss	$	(17,034	)	$	(18,863	)

Changes in accumulated other comprehensive loss by component during the three months ended March 31, 2022 are as follows.  All amounts are net of tax.

				Unrealized
	Foreign Currency			Gains (Losses) on
	Translation			Interest Rate Swap			Unfunded
	Adjustment			Cash Flow Hedge			SERP Liability				Total
Balance at December 31, 2021	$	(14,911	)	$	(87	)	$	(3,865	)		$	(18,863	)
Other comprehensive (loss) income before reclassifications		(1,216	)		2,984			(6	)			1,762
Amount reclassified from accumulated other comprehensive loss		-			-			67		(a)		67
Net current period other comprehensive (loss) income		(1,216	)		2,984			61				1,829
Balance at March 31, 2022	$	(16,127	)	$	2,897		$	(3,804	)		$	(17,034	)

(a) This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP Plan. This expense is reflected in other (expense) income, net on the accompanying condensed consolidated statements of operations.