Note 19 - Changes in Accumulated Other Comprehensive Income by Component

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

19. Changes in Accumulated Other Comprehensive Income by Component

Changes to accumulated other comprehensive income by component for the year ended December 31, 2023 is as follows:

	Unrealized
	Net Gain (Loss)			Retiree
	on Interest			Health
	Rate			Benefit
	Swap			Obligation			Total
Balance at December 31, 2022	$	6,115		$	3,013		$	9,128
Other comprehensive gain before reclassifications		607			411			1,018
Amounts reclassified from accumulated other comprehensive income: (1)		(3,391	)		(399	)		(3,790	)
Balance at December 31, 2023	$	3,331		$	3,025		$	6,356
(1) Amounts reclassified from accumulated other comprehensive income:
Amortization of Other Postretirement Benefit items:
Actuarial gains (a)	$	(539	)
Tax expense		140
Reclassification net of tax	$	(399	)
Realized gains on interest rate swaps reclassified to interest expense	$	(4,583	)
Tax expense		1,192
Reclassification net of tax	$	(3,391	)

(a)     – These components are included in the computation of benefit plan costs in Note 12.

Changes to accumulated other comprehensive income by component for the year ended  December 31, 2022 is as follows:

	Unrealized
	Net Loss			Retiree
	on Interest			Health
	Rate			Benefit
	Swap			Obligation			Total
Balance at December 31, 2021	$	(3,524	)	$	2,471		$	(1,053	)
Other comprehensive gain before reclassifications		8,587			838			9,425
Amounts reclassified from accumulated other comprehensive income: (1)		1,052			(296	)		756
Balance at December 31, 2022	$	6,115		$	3,013		$	9,128
(1) Amounts reclassified from accumulated other comprehensive income:
Amortization of Other Postretirement Benefit items:
Actuarial gains (a)	$	(400	)
Tax expense		104
Reclassification net of tax	$	(296	)
Realized losses on interest rate swaps reclassified to interest expense	$	1,421
Tax expense		(369	)
Reclassification net of tax	$	1,052

(a)   – These components are included in the computation of benefit plan costs in Note 12.