Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss:

The following table provides details about the reclassifications from accumulated other comprehensive loss for the three and nine months ended September 30, 2020 and 2019 (amounts in thousands):

	Three Months Ended September 30,
Gains and losses on cash flow hedges	2020		2019		Affected line in the consolidated income statement
Interest rate swaps	$	(3,175)	$	(413)	Interest expense, net
Income tax effect of item above	692		—		Income tax expense
Total losses on cash flow hedges	$	(2,483)	$	(413)	Net of tax
	Nine Months Ended September 30,
Gains and losses on cash flow hedges	2020		2019		Affected line in the consolidated income statement
Interest rate swaps	$	(6,488)	$	(611)	Interest expense, net
Income tax effect of item above	1,461		—		Income tax expense
Total losses on cash flow hedges	$	(5,027)	$	(611)	Net of tax

The following table represents the changes in accumulated other comprehensive loss by component, after tax, for the three and nine months ended September 30, 2020 and 2019 (amounts in thousands):

	Three Months Ended September 30, 2020
	Debt Securities		Cash Flow		Currency Translation		Accumulated Other
	Available-for-sale		Hedges		Adjustments		Comprehensive Loss (1)
Balance at beginning of period	$	177	$	(37,409)	$	(309,980)	$	(347,212)
Other comprehensive (loss)/income before reclassifications	(30)		(1,089)		32,288		31,169
Reclassifications, net	—		2,483		—		2,483
Net current period other comprehensive (loss)/income	(30)		1,394		32,288		33,652
Balance at end of period	$	147	$	(36,015)	$	(277,692)	$	(313,560)
	Three Months Ended September 30, 2019
	Debt Securities		Cash Flow		Currency Translation		Accumulated Other
	Available-for-sale		Hedges		Adjustments		Comprehensive Loss (1)
Balance at beginning of period	$	(1)	$	(13,673)	$	(238,450)	$	(252,124)
Other comprehensive income/(loss) before reclassifications	(1)		(6,245)		(47,999)		(54,245)
Reclassifications, net	—		413		—		413
Net current period other comprehensive loss	(1)		(5,832)		(47,999)		(53,832)
Balance at end of period	$	(2)	$	(19,505)	$	(286,449)	$	(305,956)

(1) For the three months ended September 30, 2020 and 2019, net deferred taxes for unrealized gains/(losses) from cash flow hedges were $0.5 million and $(2.0) million, respectively.

	Nine Months Ended September 30, 2020
	Debt Securities		Cash Flow		Currency Translation		Accumulated Other
	Available-for-sale		Hedges		Adjustments		Comprehensive Loss (2)
Balance at beginning of period	$	(44)	$	(13,088)	$	(247,886)	$	(261,018)
Other comprehensive income/(loss) before reclassifications	191		(27,954)		(29,806)		(57,569)
Reclassifications, net	—		5,027		—		5,027
Net current period other comprehensive income/(loss)	191		(22,927)		(29,806)		(52,542)
Balance at end of period	$	147	$	(36,015)	$	(277,692)	$	(313,560)
	Nine Months Ended September 30, 2019
	Debt Securities		Cash Flow		Currency Translation		Accumulated Other
	Available-for-sale		Hedges		Adjustments		Comprehensive Loss (2)
Balance at beginning of period	$	(83)	$	44	$	(242,070)	$	(242,109)
Other comprehensive income/(loss) before reclassifications	81		(20,160)		(44,379)		(64,458)
Reclassifications, net	—		611		—		611
Net current period other comprehensive income/(loss)	81		(19,549)		(44,379)		(63,847)
Balance at end of period	$	(2)	$	(19,505)	$	(286,449)	$	(305,956)
(2) For the nine months ended September 30, 2020 and 2019, net deferred taxes for unrealized losses from cash flow hedges were $10.2 million and $6.4 million, respectively.