Note 10 - Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

10. Accumulated Other Comprehensive Loss :

On

January 10, 2019,

the Company entered into a

five

-year forward starting fixed rate interest rate hedge in order to eliminate the variability of cash interest payments on

$75

million of the outstanding LIBOR based borrowings under the ABL Credit Facility. The interest rate hedge fixed the rate at

2.57%.

The fair value of the interest rate hedge of

$6.4

million, net of tax of

$1.6

million is included in “Accumulated other comprehensive loss” on the Consolidated Balance Sheets at

March 31, 2020.