Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2020

Note 4 Accumulated Other Comprehensive Income

Components of and changes in accumulated other comprehensive income at September 30, 2020 are as follows:

(In thousands)	Unrecognized pension and postretirement benefits			Foreign currency		Total
Balance at beginning of period	$	263		$	162	$	425
Other comprehensive income before reclassifications		-			268		268
Amounts reclassified from accumulated other comprehensive income, net of tax of ($3)		(9	)		-		(9	)
Net current period other comprehensive income, net of tax		(9	)		268		259
Accumulated other comprehensive income	$	254		$	430	$	684

Details of reclassifications out of accumulated other comprehensive income during the nine months ended September 30, 2020 are immaterial.

Components of and changes in accumulated other comprehensive income 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 (loss) before reclassifications		-		(509	)		(509	)
Amounts reclassified from accumulated other comprehensive income, net of tax of ($133)		333		-			333
Net current period other comprehensive (loss), net of tax		333		(509	)		(176	)
Accumulated other comprehensive income	$	693	$	(289	)	$	404

Details of reclassifications out of accumulated other comprehensive income 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	$	333

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

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