Note 9 - Accumulated Other Comprehensive Income/(Loss)

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

(9)

      Accumulated Other Comprehensive Income/(Loss)

The following tables provide the changes in AOCI by component (pension, net of tax) for the

three

months ended

March

31,

2017

and

2016:

	Foreign Currency Translation Adjustments			Pension Plans			Total
Balance as of December 31, 2016	$	(34,290	)	$	(31,230	)	$	(65,520	)
Other comprehensive income before reclassifications		2,468			-			2,468
Amounts reclassified from accumulated other comprehensive loss		-			244			244
Net current-period other comprehensive income		2,468			244			2,712
Balance as of March 31, 2017	$	(31,822	)	$	(30,986	)	$	(62,808	)

	Foreign Currency Translation Adjustments			Pension Plans			Total
Balance as of December 31, 2015	$	(25,880	)	$	(29,569	)	$	(55,449	)
Other comprehensive income before reclassifications		7,095			-			7,095
Amounts reclassified from accumulated other comprehensive loss		-			202			202
Net current-period other comprehensive income		7,095			202			7,297
Balance as of March 31, 2016	$	(18,785	)	$	(29,367	)	$	(48,152	)

The following table provides the reclassifications from AOCI by component for the

three

months ended

March

31,

2017

and

2016:

Details about AOCI Components	Three months ended March 31, 2017			Three months ended March 31, 2016
Amortization of defined benefit pension items:
Actuarial losses	$	(346	)	$	(289	)
Prior service costs		(13	)		(13	)
Total before tax		(359	)		(302	)
Tax benefit		115			100
Net of tax	$	(244	)	$	(202	)
Total reclassification for the period	$	(244	)	$	(202	)

The Company recognizes net periodic benefit cost, which includes amortization of actuarial losses and gains, and prior service costs in both “Selling, general and administrative expenses” and “Cost of goods sold” in its income statement depending on the functional area of the underlying employees included in the plan.