Comprehensive Income

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Comprehensive Income (Loss) Note [Text Block]

12. Comprehensive Income

Comprehensive income for the three and nine months ended September 30, 2014 and 2013, was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
	(Dollars in thousands)
Net earnings	$	5,545	$	5,601	$	11,296	$	10,991
Foreign currency translation adjustments		(1,426)		470		(796)		(1,557)
Pension liability, net of tax of $69, $172, $207, and $492, respectively		107		269		323		770
Total comprehensive income	$	4,226	$	6,340	$	10,823	$	10,204

The components of accumulated other comprehensive loss as recorded in the Consolidated Condensed Balance Sheets (Unaudited) were as follows:

	September 30,		December 31,
	2014		2013
	(Dollars in thousands)
Foreign currency translation adjustments	$	(1,599)	$	(934)
Pension liability, net of tax		(8,165)		(8,488)
Total accumulated other comprehensive loss	$	(9,764)	$	(9,422)

The following presents a tabular disclosure about changes in accumulated other comprehensive loss during the nine months ended September 30, 2014:

	Foreign Currency Translation Adjustments		Defined Benefit Pension Items		Total
Beginning balance, December 31, 2013	$	(934)	$	(8,488)	$	(9,422)
Other comprehensive income before reclassifications		(665)		-		(665)
Amounts reclassified from accumulated other comprehensive loss		-		323		323
Net current period other comprehensive income		(665)		323		(342)
Ending balance, September 30, 2014	$	(1,599)	$	(8,165)	$	(9,764)

The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the nine months ended September 30, 2014:

	Amounts reclassified from accumulated other comprehensive loss for the nine months ended September 30, 2014		Affected line item in the statement where net income is presented
Amortization of defined benefit pension items
Prior service cost	$	(84)		(1)
Actuarial losses		614		(1)
Total before tax		530
Tax benefit		(207)
Net of tax	$	323

⁽¹⁾ These amounts were included in the computation of net periodic pension cost. See Note 7 for additional details.