ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2018

11. ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss at March 31, 2018 and December 31, 2017 are summarized below:

	March 31,			December 31,
	2018			2017

Foreign currency translation adjustment, net of taxes of ($826) at
March 31, 2018 and ($801) at December 31, 2017	$	(12,520	)	$	(16,537	)
Unrealized holding gains on available-for-sale securities, net of taxes of
$65 at March 31, 2018 and $85 at December 31, 2017		114			145
Unfunded SERP liability, net of taxes of ($1,609) at March 31, 2018
and ($1,635) at December 31, 2017		(3,147	)		(3,233	)

Accumulated other comprehensive loss	$	(15,553	)	$	(19,625	)

Changes in accumulated other comprehensive loss by component during the three months ended March 31, 2018 are as follows. All amounts are net of tax.

				Unrealized Holding
	Foreign Currency			Gains on
	Translation			Available-for-			Unfunded
	Adjustment			Sale Securities			SERP Liability				Total

Balance at January 1, 2018	$	(16,537	)	$	145		$	(3,233	)		$	(19,625	)
Other comprehensive income before reclassifications		4,017			(31	)		14				4,000
Amount reclassified from accumulated other
comprehensive loss		-			-			72		(a)		72
Net current period other comprehensive income		4,017			(31	)		86				4,072

Balance at March 31, 2018	$	(12,520	)	$	114		$	(3,147	)		$	(15,553	)

(a) This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP plan.
This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment
classification of the plan participants.