Note K - Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE K—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) includes the following items by components for the six-month periods ended June 30, 2024 and 2023 (in thousands):

	Defined Benefit			Defined Benefit			Foreign Currency
	Pension			Post-Retirement			Translation			Total
Balance as of March 31, 2023	$	(99,713	)	$	36		$	(20	)	$	(99,697	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment		—			—			20			20
Amounts reclassified from accumulated other comprehensive income:
Actuarial costs (reclassified to salaries, wages and benefits)		4,745			—			—			4,745
Income Tax (Expense) or Benefit		(1,080	)		—			—			(1,080	)
Other comprehensive income (loss), net of tax		3,665			—			20			3,685
Balance as of June 30, 2023	$	(96,048	)	$	36		$	—		$	(96,012	)
Balance as of January 1, 2023	$	(103,418	)	$	36		$	(20	)	$	(103,402	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment		—			—			20			20
Amounts reclassified from accumulated other comprehensive income:
Actuarial costs (reclassified to salaries, wages and benefits)		9,490			—			—			9,490
Income Tax (Expense) or Benefit		(2,120	)		—			—			(2,120	)
Other comprehensive income (loss), net of tax		7,370			—			20			7,390
Balance as of June 30, 2023	$	(96,048	)	$	36		$	—		$	(96,012	)
Balance as of March 31, 2024	$	(55,947	)	$	485		$	—		$	(55,462	)
Amounts reclassified from accumulated other comprehensive income:
Actuarial costs (reclassified to salaries, wages and benefits)		2,594			(24	)		—			2,570
Income Tax (Expense) or Benefit		(610	)		6			—			(604	)
Other comprehensive income (loss), net of tax		1,984			(18	)		—			1,966
Balance as of June 30, 2024	$	(53,963	)	$	467		$	—		$	(53,496	)
Balance as of January 1, 2024	$	(57,931	)	$	502		$	—		$	(57,429	)
Amounts reclassified from accumulated other comprehensive income:
Actuarial costs (reclassified to salaries, wages and benefits)		5,188			(47	)		—			5,141
Income Tax (Expense) or Benefit		(1,220	)		12			—			(1,208	)
Other comprehensive income (loss), net of tax		3,968			(35	)		—			3,933
Balance as of June 30, 2024	$	(53,963	)	$	467		$	—		$	(53,496	)