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Note 5 - Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Aug. 27, 2016
Notes to Financial Statements  
Accumulated Other Comprehensive Income (Loss) Disclosure [Text Block]
Note 5: Accumulated Other Comprehensive Income (Loss)
 
The following table provides details of total comprehensive income (loss):
 
 
 
 
Three Months Ended August 27, 2016
 
 
Three Months Ended August 29, 2015
 
 
 
H.B. Fuller Stockholders
 
 
Non-
controlling Interests
 
 
H.B. Fuller Stockholders
 
 
Non-
controlling Interests
 
 
 
Pretax
 
 
Tax
 
 
Net
 
 
Net
 
 
Pretax
 
 
Tax
 
 
Net
 
 
Net
 
Net income including non-controlling interests
 
 
-
 
 
 
-
 
 
$
32,745
 
 
$
53
 
     -       -     $ 26,807     $ 79  
Foreign currency translation adjustment
¹
 
$
3,368
 
 
 
-
 
 
 
3,368
 
 
 
-
 
   $ (10,621 )     -       (10,621 )     (98 )
Reclassification to earnings:
                                                                
Defined benefit pension
plans adjustment²
 
 
2,585
 
 
$
(908
)
 
 
1,677
 
 
 
-
 
     2,325     $ (798 )     1,527       -  
Interest rate swap
³
 
 
16
 
 
 
(6
)
 
 
10
 
 
 
-
 
     15       (5 )     10       -  
Cash-flow hedges
³
 
 
56
 
 
 
(21
)
 
 
35
 
 
 
-
 
     -       -       -       -  
Other comprehensive income (loss)
 
$
6,025
 
 
$
(935
)
 
 
5,090
 
 
 
-
 
   $ (8,281 )   $ (803 )     (9,084 )     (98 )
Comprehensive income (loss)
  
 
 
 
 
 
$
37,835
 
 
$
53
 
                   $ 17,723     $ (19 )
 
 
 
 
Nine Months Ended August 27, 2016
 
 
Nine Months Ended August 29, 2015
 
 
 
H.B. Fuller Stockholders
 
 
Non-
controlling Interests
 
 
H.B. Fuller Stockholders
 
 
Non-
controlling Interests
 
 
 
Pretax
 
 
Tax
 
 
Net
 
 
Net
 
 
Pretax
 
 
Tax
 
 
Net
 
 
Net
 
Net income including non-controlling interests
 
 
-
 
 
 
-
 
 
$
84,994
 
 
$
161
 
     -       -     $ 61,689     $ 308  
Foreign currency translation adjustment
¹
 
$
3,860
 
 
 
-
 
 
 
3,860
 
 
 
-
 
   $ (48,625 )     -       (48,625 )     (14 )
Reclassification to earnings:
                                                                
Defined benefit pension
plans adjustment²
 
 
7,755
 
 
$
(2,723
)
 
 
5,032
 
 
 
-
 
     6,976     $ (2,394 )     4,582       -  
Interest rate swap
³
 
 
45
 
 
 
(15
)
 
 
30
 
 
 
-
 
     37       (7 )     30       -  
Cash-flow hedges
³
 
 
(252
)
 
 
96
 
 
 
(156
)
 
 
-
 
     (31 )     6       (25 )     -  
Other comprehensive
income (loss)
 
$
11,408
 
 
$
(2,642
)
 
 
8,766
 
 
 
-
 
   $ (41,643 )   $ (2,395 )     (44,038 )     (14 )
Comprehensive income (loss)
  
 
 
 
 
 
$
93,760
 
 
$
161
 
                   $ 17,651     $ 294  
 
 
¹
Income taxes are not provided for foreign currency translation relating to permanent investments in international subsidiaries.
 
²
Loss reclassified from accumulated other comprehensive income (AOCI) into earnings as part of net periodic cost related to pension and other postretirement benefit plans is reported in cost of sales, selling, general and administrative and special charges, net.
 
³
Loss reclassified from AOCI into earnings is reported in other income (expense), net.
 
 
 
The components of accumulated other comprehensive loss is as follows:
 
 
 
August 27, 2016
 
 
 
Total
 
 
H.B. Fuller
Stockholders
 
 
Non-
controlling
Interests
 
Foreign currency translation adjustment
 
$
(47,732
)
 
$
(47,694
)
 
$
(38
)
Defined benefit pension plans adjustment, net of taxes
of $90,289
 
 
(169,368
)
 
 
(169,368
)
 
 
-
 
Interest rate swap, net of taxes of ($10)
 
 
17
 
 
 
17
 
 
 
-
 
Cash-flow hedges, net of taxes of $907
 
 
(1,473
)
 
 
(1,473
)
 
 
-
 
Accumulated other comprehensive loss
 
$
(218,556
)
 
$
(218,518
)
 
$
(38
)
 
 
 
November 28, 2015
 
 
 
Total
 
 
H.B. Fuller
Stockholders
 
 
Non-
controlling
Interests
 
Foreign currency translation adjustment
   $ (51,592 )   $ (51,554 )   $ (38 )
Defined benefit pension plans adjustment, net of taxes
of $93,012
     (174,400 )     (174,400 )     -  
Interest rate swap, net of taxes of $5
     (13 )     (13 )     -  
Cash-flow hedges, net of taxes of $811
     (1,317 )     (1,317 )     -  
Accumulated other comprehensive loss
   $ (227,322 )   $ (227,284 )   $ (38 )