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Note 10 - Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 03, 2017
Notes to Financial Statements  
Accumulated Other Comprehensive Income (Loss) Disclosure [Text Block]
Note
10:
Accumulated Other Comprehensive Income (Loss)
 
 
The following table provides details of total comprehensive income (loss):
 
 
 
 
Three Months Ended June 3, 2017
 
 
Three Months Ended May 28, 2016
 
 
 
H.B. Fuller Stockholders
 
 
Non-
controlling
Interests
 
 
H.B. Fuller Stockholders
 
 
Non-
controlling
Interests
 
 
 
Pre-tax
 
 
Tax
 
 
Net
 
 
Net
 
 
Pre-tax
 
 
Tax
 
 
Net
 
 
Net
 
Net income including non-controlling interests
 
 
-
 
 
 
-
 
 
$
25,867
 
 
$
(3
)
    
-
      
-
     $
33,331
    $
59
  
Foreign currency translation adjustment¹
 
$
18,507
 
 
 
-
 
 
 
18,507
 
 
 
6
 
   $
1,437
      
-
      
1,437
      
5
  
Reclassification to earnings:
                                                                
Defined benefit pension
plans adjustment²
 
 
2,412
 
 
$
(819
)
 
 
1,593
 
 
 
-
 
    
1,173
     $
(483
 )    
690
      
-
  
Interest rate swap³
 
 
16
 
 
 
(6)
 
 
 
10
 
 
 
-
 
    
16
      
(6
 )    
10
      
-
  
Cash-flow hedges³
 
 
(37
)
 
 
14
 
 
 
(23
)
 
 
-
 
    
(711
 )    
271
      
(440
 )    
-
  
Other comprehensive income (loss)
 
$
20,898
 
 
$
(811
)
 
 
20,087
 
 
 
6
 
   $
1,915
     $
(218
 )    
1,697
      
5
  
Comprehensive income (loss)
  
 
 
 
 
 
$
45,954
 
 
$
3
 
    
 
      
 
     $
35,028
     $
64
  
 
 
 
 
Six Months Ended June 3, 2017
 
 
Six Months Ended May 28, 2016
 
 
 
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
 
 
-
 
 
 
-
 
 
$
40,662
 
 
$
33
 
    
-
      
-
     $
52,249
    $
108
  
Foreign currency translation adjustment¹
 
$
7,993
 
 
 
-
 
 
 
7,993
 
 
 
1
 
   $
492
      
-
      
492
      
-
  
Reclassification to earnings:
                                                                
Defined benefit pension
plans adjustment²
 
 
4,820
 
 
$
(1,637
)
 
 
3,183
 
 
 
-
 
    
5,170
     $
(1,815
 )    
3,355
      
-
  
Interest rate swap³
 
 
32
 
 
 
(12
)
 
 
20
 
 
 
-
 
    
29
      
(9
 )    
20
      
-
  
Cash-flow hedges³
 
 
171
 
 
 
(65
) 
 
 
106
 
 
 
-
 
    
(308
 )    
117
      
(191
 )    
-
  
Other comprehensive
income (loss)
 
$
13,016
 
 
$
(1,714
)
 
 
11,302
 
 
 
1
 
   $
5,383
     $
(1,707
 )    
3,676
      
-
  
Comprehensive income (loss)
  
 
 
 
 
 
$
51,964
 
 
$
34
 
    
 
      
 
     $
55,925
     $
108
  
 
 
¹
Income taxes are
not
provided for foreign currency translation relating to permanent investments in international subsidiaries. As discussed in Note
1,
the foreign currency translation adjustment for the
six
months ended
June 3, 2017
includes the impact of the change in functional currency for our subsidiaries in Latin America.
 
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, SG&A expense 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:
 
 
 
June 3, 2017
 
 
 
Total
 
 
H.B. Fuller
Stockholders
 
 
Non-controlling
Interests
 
Foreign currency translation adjustment
 
$
(77,453
)
 
$
(77,388
)
 
$
(65
)
Defined benefit pension plans adjustment, net of taxes
of $89,097
 
 
(172,918
)
 
 
(172,918
)
 
 
-
 
Interest rate swap, net of taxes of ($30)
 
 
48
 
 
 
48
 
 
 
-
 
Cash-flow hedges, net of taxes of $720
 
 
(1,169
)
 
 
(1,169
)
 
 
-
 
Accumulated other comprehensive loss
 
$
(251,492
)
 
$
(251,427
)
 
$
(65
)
 
 
 
December 3, 2016
 
 
 
Total
 
 
H.B. Fuller
Stockholders
 
 
Non-controlling
Interests
 
Foreign currency translation adjustment
   $
(85,447
 )   $
(85,381
 )   $
(66
 )
Defined benefit pension plans adjustment, net of taxes
of $90,734
    
(176,101
 )    
(176,101
 )    
-
  
Interest rate swap, net of taxes of ($17)
    
28
      
28
      
-
  
Cash-flow hedges, net of taxes of $785
    
(1,275
 )    
(1,275
 )    
-
  
Accumulated other comprehensive loss
   $
(262,795
 )   $
(262,729
 )   $
(66
 )