Note 11 - Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

11. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table summarizes the activity in accumulated other comprehensive loss for the nine-month period ended September 30, 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		148			(2,733	)		(2,585	)
Reclassifications from accumulated comprehensive loss to net income		(71	)		643			572
Net other comprehensive income (loss)		77			(2,090	)		(2,013	)
Balance at September 30, 2020	$	(2,993	)	$	(2,297	)	$	(5,290	)

The following table summarizes the reclassifications from accumulated other comprehensive loss to net income for the three and nine-month periods ended September 30, 2020 and 2019.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Amortization of defined benefit plan pension items:
Amortization of loss	$	(32	)	$	(192	)	$	(98	)	$	51
Income tax effect		9			55			27			(14	)
After tax		(23	)		(137	)		(71	)		37
Amortization of gain on interest rate swap:
Reclassification to interest expense		507			(197	)		898			(648	)
Income tax effect		(144	)		56			(255	)		184
After tax		363			(141	)		643			(464	)
Total reclassifications, net of income tax	$	340		$	(278	)	$	572		$	(427	)

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 during the next twelve months is $1,937. See Note 4 “Fair Value Measurements and Derivative Financial Instruments.”