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Note 10 - Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 02, 2018
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 2, 2018
    
Three Months Ended June 3, 2017
  
   
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
  
 
-
    
 
-
    
$
44,451
   
$
13
      
-
      
-
     $
25,867
     $
(3
 )
Foreign currency translation adjustment¹
  
$
(40,752
)
  
 
-
    
 
(40,752
)
  
 
(5
)
   $
18,507
      
-
      
18,507
      
6
  
Reclassification to earnings:
                                                                
Defined benefit pension plans adjustment²
  
 
2,238
    
$
(578
)
  
 
1,660
    
 
-
      
2,412
     $
(819
 )    
1,593
      
-
  
Interest rate swap³
  
 
7,405
    
 
(2,821
)
  
 
4,584
    
 
-
      
16
      
(6
 )    
10
      
-
  
Cash-flow hedges³
  
 
(19
)
  
 
7
    
 
(12
)
  
 
-
      
(37
 )    
14
      
(23
 )    
-
  
Other comprehensive income (loss)
  
$
(31,128
)
  
$
(3,392
)
  
 
(34,520
)
  
 
(5
)
   $
20,898
     $
(811
 )    
20,087
      
6
  
Comprehensive income (loss)    
 
      
 
 
 
$
9,931
 
 
$
8
 
 
 
 
      
 
     $
45,954
     $
3
  
 
   
Six Months Ended June 2, 2018
    
Six Months Ended June 3, 2017
  
   
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
  
 
-
    
 
-
    
$
92,133
   
$
(2
)
    
-
      
-
     $
40,662
     $
33
  
Foreign currency translation adjustment¹
  
$
(19,284
)
  
 
-
    
 
(19,284
)
  
 
(18
)
   $
7,993
      
-
      
7,993
      
1
  
Reclassification to earnings:
                                                                
Defined benefit pension plans adjustment²
  
 
4,476
    
$
(1,156
)
  
 
3,320
    
 
-
      
4,820
     $
(1,637
 )    
3,183
      
-
  
Interest rate swap³
  
 
26,839
    
 
(6,303
)
  
 
20,536
    
 
-
      
32
      
(12
 )    
20
      
-
  
Cash-flow hedges³
  
 
(4,513
)
  
 
(2,340
)
  
 
(6,853
)
  
 
-
      
171
      
(65
 )    
106
      
-
  
Other comprehensive
income (loss)
  
$
7,518
    
$
(9,799
)
  
 
(2,281
)
  
 
(18
)
   $
13,016
     $
(1,714
 )    
11,302
      
1
  
Comprehensive income (loss)    
 
      
 
  
 
$
89,852
 
 
$
(20
)
 
 
 
      
 
     $
51,964
     $
34
  
 
1
Income taxes are
not
provided for foreign currency translation relating to permanent investments in international subsidiaries. The foreign currency translation adjustment for the
six
months ended
June 3, 2017
includes
$11,317
related to 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 and SG&A expense.
 
3
Income (loss) reclassified from AOCI into earnings is reported in other income (expense), net.
 
The components of accumulated other comprehensive loss is as follows:
 
   
June 2, 2018
  
   
Total
    
H.B. Fuller
Stockholders
    
Non-
controlling
Interests
  
Foreign currency translation adjustment
  
$
(75,461
)
  
$
(75,368
)
  
$
(93
)
Defined benefit pension plans adjustment, net of taxes of $73,226
  
 
(137,851
)
  
 
(137,851
)
  
 
-
  
Interest rate swap, net of taxes of ($7,486)
  
 
22,458
    
 
22,458
    
 
-
  
Cash-flow hedges, net of taxes of $936
  
 
(12,175
)
  
 
(12,175
)
  
 
-
  
Reclassification of AOCI tax effects
  
 
(18,341
)
  
 
(18,341
)
  
 
-
  
Accumulated other comprehensive loss
  
$
(221,370
)
  
$
(221,277
)
  
$
(93
)
 
   
December 2, 2017
  
   
Total
    
H.B. Fuller
Stockholders
    
Non-
controlling
Interests
  
Foreign currency translation adjustment
   $
(56,159
 )   $
(56,084
 )   $
(75
 )
Defined benefit pension plans adjustment, net of taxes of $74,382
    
(141,171
 )    
(141,171
 )    
-
  
Interest rate swap, net of taxes of ($1,183)
    
1,922
      
1,922
      
-
  
Cash-flow hedges, net of taxes of $3,276
    
(5,322
 )    
(5,322
 )    
-
  
Accumulated other comprehensive loss
   $
(200,730
 )   $
(200,655
 )   $
(75
 )