Note 14 - Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2024

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, 2024 and December 31, 2023 are summarized below:

	September 30,			December 31,
	2024			2023
Foreign currency translation adjustment, net of taxes of ($305) at September 30, 2024 and ($276) at December 31, 2023	$	(15,106	)	$	(16,423	)
Unrealized gains on interest rate swap cash flow hedge, net of taxes of $0 at September 30, 2024 and $0 at December 31, 2023		2,478			3,960
Unrealized holding gains on marketable securities, net of taxes of ($7) at September 30, 2024 and ($7) at December 31, 2023		20			19
Unfunded SERP liability, net of taxes of $732 at September 30, 2024 and $718 at December 31, 2023		453			407
Accumulated other comprehensive loss	$	(12,155	)	$	(12,037	)

Changes in accumulated other comprehensive loss by component during the nine months ended September 30, 2024 are as set forth below. All amounts are net of tax:

	Foreign Currency			Unrealized Gains on			Unrealized Holding
	Translation			Interest Rate Swap			Gains 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		916			393			1		92				1,402
Amount reclassified from accumulated other comprehensive loss		401			(1,875	)		-		(46	)	(a)		(1,520	)
Net current period other comprehensive (loss) income		1,317			(1,482	)		1		46				(118	)
Balance at September 30, 2024	$	(15,106	)	$	2,478		$	20	$	453			$	(12,155	)

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