Note 15 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

( 1 5 ) Accumulated Other Comprehensive Loss

The following tables provide the changes in AOCI by component, net of tax, for the years ended

December 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		22,250			121			22,371
Amounts reclassified from accumulated other comprehensive loss		-			921			921
Net current-period other comprehensive income		22,250			1,042			23,292
Balance as of December 31, 2017	$	(12,040	)	$	(30,188	)	$	(42,228	)

	Foreign Currency Translation Adjustments			Pension Plans			Total
Balance as of December 31, 2015	$	(25,880	)	$	(29,569	)	$	(55,449	)
Other comprehensive loss before reclassifications		(8,481	)		(2,468	)		(10,949	)
Amounts reclassified from accumulated other comprehensive loss		71			807			878
Net current-period other comprehensive loss		(8,410	)		(1,661	)		(10,071	)
Balance as of December 31, 2016	$	(34,290	)	$	(31,230	)	$	(65,520	)

The following table

s provide the reclassifications out of AOCI by component for the years ended

December 31, 2017

and

2016:

Details about AOCI Components	Amount Reclassified from AOCI for the year ended December 31, 2017			Amount Reclassified from AOCI for the year ended December 31, 2016
Amortization of defined benefit pension items:
Actuarial losses	$	(1,400	)	$	(1,152	)
Prior service costs		(52	)		(52	)
Total before tax		(1,452	)		(1,204	)
Tax benefit		531			397
Net of tax	$	(921	)	$	(807	)
Foreign currency translation adjustment:
Release of currency translation adjustment	$	-		$	(71	)
Net of tax	$	-		$	(71	)
Total reclassification for the period	$	(921	)	$	(878	)

The Company recognizes net periodic pension 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. The release of currency translation adjustments generated from Zenara’s balance sheet are reflected in the Company’s income statement as restructuring expenses.