Note 14 - Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

14. ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss at  September 30, 2023 and December 31, 2022 are summarized below:

	September 30,			December 31,
	2023			2022
Foreign currency translation adjustment, net of taxes of ($260) at September 30, 2023 and ($369) at December 31, 2022	$	(25,964	)	$	(23,107	)
Unrealized gains on interest rate swap cash flow hedge, net of taxes of $0 at September 30, 2023 and $0 at December 31, 2022		5,530			5,539
Unrealized holding gains on marketable securities, net of taxes of ($7) at September 30, 2023 and ($7) at December 31, 2022		19			18
Unfunded SERP liability, net of taxes of $891 at September 30, 2023 and $879 at December 31, 2022		1,045			1,004
Accumulated other comprehensive loss	$	(19,370	)	$	(16,546	)

Changes in accumulated other comprehensive loss by component during the nine months ended September 30, 2023 are as follows.  All amounts are net of tax.

				Unrealized			Unrealized
	Foreign Currency			Gains (Losses) on			Holding Gains
	Translation			Interest Rate Swap			on		Unfunded
	Adjustment			Cash Flow Hedge			Marketable Securities		SERP Liability			Total
Balance at December 31, 2022	$	(23,107	)	$	5,539		$	18	$	1,004		$	(16,546	)
Other comprehensive (loss) income before reclassifications		(3,054	)		1,641			1		-			(1,412	)
Amount reclassified from accumulated other comprehensive loss		197			(1,650	)		-		41	(a)		(1,412	)
Net current period other comprehensive (loss) income		(2,857	)		(9	)		1		41			(2,824	)
Balance at September 30, 2023	$	(25,964	)	$	5,530		$	19	$	1,045		$	(19,370	)

(a) This reclassification relates to the amortization of prior service costs and gains/losses associated with the Company's SERP Plan. This expense is reflected in other expense, net on the accompanying condensed consolidated statements of operations.