Note 12 - Accumulated Other Comprehensive (Loss)/Income

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive (Loss)/Income

(12) Accumulated Other Comprehensive (Loss)/Income

The following tables provide the changes in Accumulated other comprehensive (loss)/income (“AOCI”) by component, net of tax for the three and nine months ended September 30, 2019 and 2018:

	Foreign Currency Translation Adjustments			Interest Rate Swap			Pension Plans			Total
Balance as of June 30, 2019	$	(30,082	)	$	(4,695	)	$	(31,921	)	$	(66,698	)
Other comprehensive loss before reclassifications		(13,114	)		(789	)		-			(13,903	)
Amounts reclassified from accumulated other comprehensive loss		-			104			237			341
Net current-period other comprehensive (loss)/income		(13,114	)		(685	)		237			(13,562	)
Balance as of September 30, 2019	$	(43,196	)	$	(5,380	)	$	(31,684	)	$	(80,260	)
	Foreign Currency Translation Adjustments			Interest Rate Swap			Pension Plans			Total
Balance as of June 30, 2018	$	(22,576	)	$	-		$	(29,687	)	$	(52,263	)
Other comprehensive income before reclassifications		32			-			-			32
Amounts reclassified from accumulated other comprehensive loss		-			-			202			202
Net current-period other comprehensive income		32			-			202			234
Balance as of September 30, 2018	$	(22,544	)	$	-		$	(29,485	)	$	(52,029	)

	Foreign Currency Translation Adjustments			Interest Rate Swap			Pension Plans			Total
Balance as of December 31, 2018	$	(27,736	)	$	-		$	(32,401	)	$	(60,137	)
Other comprehensive loss before reclassifications		(15,460	)		(5,510	)		-			(20,970	)
Amounts reclassified from accumulated other comprehensive loss		-			130			717			847
Net current-period other comprehensive (loss)/income		(15,460	)		(5,380	)		717			(20,123	)
Balance as of September 30, 2019	$	(43,196	)	$	(5,380	)	$	(31,684	)	$	(80,260	)
	Foreign Currency Translation Adjustments			Interest Rate Swap			Pension Plans			Total
Balance as of December 31, 2017	$	(12,040	)	$	-		$	(30,188	)	$	(42,228	)
Other comprehensive loss before reclassifications		(10,504	)		-			-			(10,504	)
Amounts reclassified from accumulated other comprehensive loss		-			-			703			703
Net current-period other comprehensive (loss)/income		(10,504	)		-			703			(9,801	)
Balance as of September 30, 2018	$	(22,544	)	$	-		$	(29,485	)	$	(52,029	)

The following table provides the reclassifications from AOCI by component for the three and nine months ended September 30, 2019 and 2018:

Details about AOCI Components	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Losses on cash flow hedge:
Interest rate swap	$	(144	)	$	(180	)
Tax benefit		40			50
Net of tax		(104	)		(130	)
Pension plan amortization of actuarial losses		(318	)		(962	)
Tax benefit		81			245
Net of tax		(237	)		(717	)
Total reclassification for the period, net of tax	$	(341	)	$	(847	)

Details about AOCI Components	Three Months Ended September 30, 2018			Nine Months Ended September 30, 2018
Amortization of defined benefit pension items:
Actuarial losses	$	(273	)	$	(953	)
Prior service credit		2			4
Total before tax		(271	)		(949	)
Tax benefit		69			246
Total reclassification for the period, net of tax	$	(202	)	$	(703	)

The Company recognizes all components of net periodic benefit cost except service costs in “Other expenses, net” in its income statement. Service costs are recognized in “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. Interest rate swaps are recorded as “Interest expense, net” on the Company’s income statement.