Note 20 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

20.  ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss as of  December 31, 2023 and 2022 are summarized below:

	December 31,
	2023			2022
Foreign currency translation adjustment, net of taxes of ($276) at December 31, 2023 and ($369) at December 31, 2022	$	(16,423	)	$	(23,107	)
Unrealized holding gains on interest rate swap cash flow hedge, net of taxes of $0 at December 31, 2023 and $0 at December 31, 2022		3,960			5,539
Unrealized holding gains on marketable securities, net of taxes of ($7) at December 31, 2023 and ($7) at December 31, 2022		19			18
Unfunded SERP liability, net of taxes of $718 at December 31, 2023 and $879 at December 31, 2022		407			1,004
Accumulated other comprehensive loss	$	(12,037	)	$	(16,546	)

Changes in accumulated other comprehensive (loss) income by component during the years ended  December 31, 2023 and 2022 are as follows.  All amounts are net of tax.

	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) on Interest Rate Swap Cash Flow Hedge			Unrealized Holding Gains (Losses) on Marketable Securities			Unfunded SERP Liability				Total
Balance at January 1, 2022	$	(14,911	)	$	(116	)	$	29		$	(3,865	)		$	(18,863	)
Other comprehensive income (loss) before reclassifications		(7,391	)		5,655			(11	)		5,119				3,372
Amounts reclassified from accumulated other comprehensive income (loss)		(805	)		-			-			(250	)	(a)		(1,055	)
Net current period other comprehensive income (loss)		(8,196	)		5,655			(11	)		4,869				2,317
Balance at December 31, 2022		(23,107	)		5,539			18			1,004				(16,546	)
Other comprehensive income (loss) before reclassifications		7,221			(1,579	)		1			(542	)			5,101
Amounts reclassified from accumulated other comprehensive income (loss)		(537	)		-			-			(55	)	(a)		(592	)
Net current period other comprehensive income (loss)		6,684			(1,579	)		1			(597	)			4,509
Balance at December 31, 2023	$	(16,423	)	$	3,960		$	19		$	407			$	(12,037	)

(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, net on the accompanying consolidated statement of operations.