Note 7 – Accumulated Other Comprehensive (Loss)
Income
The changes in accumulated other comprehensive (loss) income are as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
Foreign
Currency
Translation
Adjustments |
|
|
Pensions and
Other
Postretirement
Benefits |
|
|
Unrealized
Investment
Gain |
|
|
Total |
|
|
Balance at February 29, 2016
|
|
$ |
(13,535 |
) |
|
$ |
(26,628 |
) |
|
$ |
20,505 |
|
|
$ |
(19,658 |
) |
|
Other comprehensive income (loss) before reclassifications
|
|
|
6,810 |
|
|
|
(213 |
) |
|
|
7,858 |
|
|
|
14,455 |
|
|
Amounts reclassified from accumulated other comprehensive income
(loss)
|
|
|
— |
|
|
|
216 |
|
|
|
— |
|
|
|
216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income, net of tax
|
|
|
6,810 |
|
|
|
3 |
|
|
|
7,858 |
|
|
|
14,671 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at May 27, 2016
|
|
$ |
(6,725 |
) |
|
$ |
(26,625 |
) |
|
$ |
28,363 |
|
|
$ |
(4,987 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The reclassifications out of accumulated other comprehensive (loss)
income are as follows:
| (In thousands) |
|
Three Months Ended
May 27, 2016 |
|
|
Pensions and Postretirement Benefits:
|
|
|
|
|
|
Amortization of pensions and other postretirement benefits
items
|
|
|
|
|
|
Actuarial losses, net
|
|
$ |
(506 |
) (1) |
|
Prior service credit, net
|
|
|
174 |
(1) |
|
|
|
|
|
|
|
|
(332 |
) |
|
Tax benefit
|
|
|
116 |
(2) |
|
|
|
|
|
|
Total, net of tax
|
|
|
(216 |
) |
|
|
|
|
|
|
Total reclassifications
|
|
$ |
(216 |
) |
Classification on Consolidated Statement of Income:
| (1) |
Administrative and general
expenses |
|