Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2020

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

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.