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Note 10 - Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 01, 2018
Notes to Financial Statements  
Accumulated Other Comprehensive Income (Loss) Disclosure [Text Block]
Note
10:
Accumul
ated Other Comprehensive Income
(Loss)
 
The following table provides details of total comprehensive income (loss):
 
   
Three Months Ended September 1, 2018
   
Three Months Ended September 2, 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
 
 
-
   
 
-
   
$
37,730
   
$
6
     
-
     
-
    $
25,138
    $
1
 
Foreign currency translation adjustment¹
 
$
(36,807
)
 
 
-
   
 
(36,807
)
 
 
(7
)
  $
29,102
     
-
     
29,102
     
(12
)
Reclassification to earnings:
                                                               
Defined benefit pension plans adjustment²
 
 
2,207
   
$
(569
)
 
 
1,638
   
 
-
     
2,459
    $
(832
)    
1,627
     
-
 
Interest rate swap³
 
 
(1,921
)
 
 
480
   
 
(1,441
)
 
 
-
     
16
     
(6
)    
10
     
-
 
Cash flow hedges³
 
 
(1,093
)
 
 
(122
)
 
 
(1,215
)
 
 
-
     
(160
)    
61
     
(99
)    
-
 
Other comprehensive income (loss)
 
$
(37,614
)
 
$
(211
)
 
 
(37,825
)
 
 
(7
)
  $
31,417
    $
(777
)    
30,640
     
(12
)
Comprehensive income (loss)
 
 
 
 
 
 
 
 
 
$
(95
)
 
$
(1
)
   
 
     
 
    $
55,778
    $
(11
)
 
   
Nine Months Ended September 1, 2018
   
Nine Months Ended September 2, 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
 
 
-
   
 
-
   
$
129,863
   
$
4
     
-
     
-
    $
65,800
    $
34
 
Foreign currency translation adjustment¹
 
$
(56,091
)
 
 
-
   
 
(56,091
)
 
 
(25
)
  $
37,095
     
-
     
37,095
     
(11
)
Reclassification to earnings:
                                                               
Defined benefit pension plans adjustment²
 
 
6,683
   
$
(1,725
)
 
 
4,958
   
 
-
     
7,279
    $
(2,469
)    
4,810
     
-
 
Interest rate swap³
 
 
24,918
   
 
(5,823
)
 
 
19,095
   
 
-
     
48
     
(18
)    
30
     
-
 
Cash flow hedges³
 
 
(5,606
)
 
 
(2,462
)
 
 
(8,068
)
 
 
-
     
11
     
(4
)    
7
     
-
 
Other comprehensive
income (loss)
 
$
(30,096
)
 
$
(10,010
)
 
 
(40,106
)
 
 
(25
)
  $
44,433
    $
(2,491
)    
41,942
     
(11
)
Comprehensive income (loss)
 
 
 
 
 
 
 
 
 
$
89,757
   
$
(21
)
   
 
     
 
    $
107,742
    $
23
 
 
¹ Income taxes are
not
provided for foreign currency translation relating to permanent investments in international subsidiaries. The foreign currency translation adjustment for the
nine
months ended
September 2, 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:
 
   
September 1, 2018
 
   
Total
   
H.B. Fuller
Stockholders
   
Non-
controlling
Interests
 
Foreign currency translation adjustment
 
$
(112,225
)
 
$
(112,175
)
 
$
(50
)
Defined benefit pension plans adjustment, net of taxes of $72,657
 
 
(136,213
)
 
 
(136,213
)
 
 
-
 
Interest rate swap, net of taxes of ($7,006)
 
 
21,017
   
 
21,017
   
 
-
 
Cash flow hedges, net of taxes of $814
 
 
(13,390
)
 
 
(13,390
)
 
 
-
 
Reclassification of AOCI tax effects
 
 
(18,341
)
 
 
(18,341
)
 
 
-
 
Accumulated other comprehensive loss
 
$
(259,152
)
 
$
(259,102
)
 
$
(50
)
 
   
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
)