Note 11 - Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2020

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 loss for the

three

-month period ended

March 31, 2020:

	Defined
	Benefit
	Pension			Interest
	Plan			Rate Swaps			Total
Balance at December 31, 2019	$	(3,070	)	$	(207	)	$	(3,277	)
Other comprehensive income (loss) before reclassifications		49			(2,060	)		(2,011	)
Reclassifications from accumulated loss to net income		(24	)		-			(24	)
Net other comprehensive income (loss)		25			(2,060	)		(2,035	)
Balance at March 31, 2020	$	(3,045	)	$	(2,267	)	$	(5,312	)

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

three

-month periods ended

March 31, 2020

and

2019:

	Three Months Ended
	March 31,
	2020			2019
Amortization of defined benefit plan pension items:
Amortization of loss	$	(33	)	$	121
Income tax effect		9			(34	)
After tax		(24	)		87
Amortization of gain on interest rate swap:
Reclassification to interest expense		-			(227	)
Income tax effect		-			64
After tax		-			(163	)
Total reclassifications, net of income tax	$	(24	)	$	(76	)

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 loss as an increase in interest expense within the next

twelve

months is

$1,599.

See Note

4

“

Fair Value Measurements

and Derivative Financial Instruments

.”