Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

Note 4 Accumulated Other Comprehensive Income (Loss)

Components of and changes in accumulated other comprehensive income (loss) at September 30, 2019 are as follows:

(In thousands)	Unrecognized pension and postretirement benefits		Foreign currency			Total
Balance at beginning of period	$	360	$	220		$	580
Other comprehensive income (loss) before reclassifications		-		(509	)		(509	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $133		333		-			333
Net current period other comprehensive income (loss), net of tax		333		(509	)		(176	)
Accumulated other comprehensive income (loss)	$	693	$	(289	)	$	404

Details of reclassifications out of accumulated other comprehensive income (loss) during the nine months ended September 30, 2019 are as follows:

(In thousands)	Amount reclassified from accumulated other comprehensive income (loss)
Amortization of pension and postretirement benefits items:
Actuarial loss (1)	$	(60	)
Settlement expense (2)		526
Total before tax		466
Income tax		(133	)
Amount reclassified out of accumulated other comprehensive income (loss)	$	333

(1)	This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost in Note 3 “Employee Benefit Plans”

(2)	This accumulated other comprehensive income (loss) component resulted from an international pension plan settlement.

Components of and changes in accumulated other comprehensive income (loss) at September 30, 2018 are as follows:

(In thousands)	Unrecognized pension and postretirement benefits			Foreign currency			Total
Balance at beginning of period	$	(11,597	)	$	704		$	(10,893	)
Other comprehensive income (loss) before reclassifications		-			(281	)		(281	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $4,994		13,168			-			13,168
Net current period other comprehensive income (loss), net of tax		13,168			(281	)		12,887
Cumulative impact of adopting ASU 2018-02		(1,700	)		-			(1,700	)
Accumulated other comprehensive (loss) income	$	(129	)	$	423		$	294

Details of reclassifications out of accumulated other comprehensive income (loss) during the nine months ended September 30, 2018 are as follows:

(In thousands)	Amount reclassified from accumulated other comprehensive income (loss)
Amortization of pension and postretirement benefits items:
Prior service benefit (1)	$	(10	)
Settlement Expense (1)		19,900
Amortization of actuarial loss (1)		(1,728	)
Total before tax		18,162
Income tax		(4,994	)
Amount reclassified out of accumulated other comprehensive income	$	13,168

(1)	These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit cost in Note 3 “Employee Benefit Plans”