Note 14 - Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

14. ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss at  March 31, 2024 and December 31, 2023 are summarized below:

	March 31,			December 31,
	2024			2023
Foreign currency translation adjustment, net of taxes of ($302) at March 31, 2024 and ($276) at December 31, 2023	$	(20,199	)	$	(16,423	)
Unrealized gains on interest rate swap cash flow hedge, net of taxes of $0 at March 31, 2024 and $0 at December 31, 2023		4,300			3,960
Unrealized holding gains on marketable securities, net of taxes of ($7) at March 31, 2024 and ($7) at December 31, 2023		20			19
Unfunded SERP liability, net of taxes of $723 at March 31, 2024 and $718 at December 31, 2023		422			407
Accumulated other comprehensive loss	$	(15,457	)	$	(12,037	)

Changes in accumulated other comprehensive loss by component during the three months ended March 31, 2024 are as follows.  All amounts are net of tax.

				Unrealized			Unrealized
	Foreign Currency			Gains (Losses) on			Holding Gains
	Translation			Interest Rate Swap			(Losses) on		Unfunded
	Adjustment			Cash Flow Hedge			Marketable Securities		SERP Liability				Total
Balance at December 31, 2023	$	(16,423	)	$	3,960		$	19	$	407			$	(12,037	)
Other comprehensive (loss) income before reclassifications		(4,044	)		955			1		30				(3,058	)
Amount reclassified from accumulated other comprehensive loss		268			(615	)		-		(15	)	(a)		(362	)
Net current period other comprehensive (loss) income		(3,776	)		340			1		15				(3,420	)
Balance at March 31, 2024	$	(20,199	)	$	4,300		$	20	$	422			$	(15,457	)

(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 income/expense, net on the accompanying condensed consolidated statements of operations.