Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2025

Note 12 – Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income consist of the following:


Three months ended September 30, 2025	Pre-Tax			Tax			After-Tax
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income)	$	32		$	(7	)	$	25
Other comprehensive gain before reclassifications:
Unrealized gain on foreign currency derivatives		452			(96	)		356
Amounts reclassified from accumulated other comprehensive income:
Gain on commodity swap derivatives reclassified into cost of sales		(32	)		7			(25	)
Gain on foreign currency derivatives reclassified into cost of sales		(960	)		204			(756	)
	$	(508	)	$	108		$	(400	)


Three months ended September 30, 2024
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income)	$	39		$	-	$	39
Other comprehensive loss before reclassifications:
Unrealized loss on foreign currency derivatives		(1,195	)		-		(1,195	)
Amounts reclassified from accumulated other comprehensive income:
Loss on foreign currency derivatives reclassified into cost of sales		72			-		72
	$	(1,084	)	$	-	$	(1,084	)


Nine months ended September 30, 2025
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income)	$	97		$	(21	)	$	76
Other comprehensive gain before reclassifications:
Unrealized gain on commodity swap derivatives		148			(32	)		116
Unrealized gain on foreign currency derivatives		2,949			(628	)		2,321
Amounts reclassified from accumulated other comprehensive income:
Gain on commodity swap derivatives reclassified into cost of sales		(32	)		7			(25	)
Gain on foreign currency derivatives reclassified into cost of sales		(473	)		100			(373	)
	$	2,689		$	(574	)	$	2,115


Nine months ended September 30, 2024
Pension liability activity:
Reclassification adjustment for amortization of net loss (pre-tax other income)	$	109		$	-	$	109
Other comprehensive loss before reclassifications:
Unrealized loss on foreign currency derivatives		(1,941	)		-		(1,941	)
Amounts reclassified from accumulated other comprehensive income:
Gain on foreign currency derivatives reclassified into cost of sales		(449	)		-		(449	)
	$	(1,832	)	$	-	$	(1,832	)

The components of accumulated other comprehensive income consist of the following:


	September 30,		December 31,
	2025		2024
Unrecognized pension income, net of tax of $6,261 and $6,282, respectively	$	2,193	$	2,117
Unrealized gain on commodity swap derivatives, net of tax of $25 and $0, respectively		91		-
Unrealized gain (loss) on foreign currency derivatives, net of tax of $528 and $0, respectively		552		(1,396	)
	$	2,836	$	721

FreightCar America, Inc. 10-Q