Note 11 - Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

11

.

ACCUMULATED OTHER COMPR

E

HENSIVE LOSS

The following table summarizes the activity in accumulated other comprehensive income (loss) for the

six

-month period ended

June 30, 2019:

	Defined
	Benefit
	Pension			Interest
	Plan			Rate Swaps			Total
Balance at December 31, 2018	$	(3,003	)	$	328		$	(2,675	)
Other comprehensive income before reclassifications		28			24			52
Reclassifications from accumulated comprehensive income (loss) to net income		174			(323	)		(149	)
Net other comprehensive income (loss)		202			(299	)		(97	)
Balance at June 30, 2019	$	(2,801	)	$	29		$	(2,772	)

The following table summarizes the reclassifications from accumulated other comprehensive loss to net income for the

three

and

six

-month periods ended

June 30, 2019

and

2018:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2019			2018			2019			2018
Amortization of defined benefit plan pension items:
Amortization of loss	$	122		$	91		$	243		$	182
Income tax effect		(35	)		(26	)		(69	)		(52	)
After tax		87			65			174			130
Amortization of gain on interest rate swap:
Reclassification to interest expense		(224	)		(97	)		(451	)		(122	)
Income tax effect		64			28			128			35
After tax		(160	)		(69	)		(323	)		(87	)
Total reclassifications, net of income tax	$	(73	)	$	(4	)	$	(149	)	$	43

Amounts reclassified to net income from our defined benefit pension plan and interest rate swaps have been presented within “Other income (expense), net” and “Interest expense,”respectively, in the Statements of Comprehensive Income. The estimated amount to be reclassified from accumulated other comprehensive income as a reduction in interest expense within the next

twelve

months is

$252.

See Note

4

“

Fair Value Measurements

and Derivative Financial Instruments

.”