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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Components of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss as of March 31, 2024 and 2023 included the following:

 

 

 

Three Months Ended March 31, 2024

 

 

 

Foreign
Currency
Translation
Adjustments

 

 

Change in
Fair Value of
Interest Rate
Hedge
Agreements

 

 

Total

 

Accumulated other comprehensive (loss) income at December 31, 2023

 

$

(12,695

)

 

$

810

 

 

$

(11,885

)

Current period other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications

 

 

(1,534

)

 

 

4,589

 

 

 

3,055

 

Amounts reclassified from accumulated other comprehensive (loss) income (1)

 

 

 

 

 

(1,671

)

 

 

(1,671

)

Effect of taxes

 

 

112

 

 

 

(812

)

 

 

(700

)

Total current period other comprehensive (loss) income

 

 

(1,422

)

 

 

2,106

 

 

 

684

 

Accumulated other comprehensive (loss) income at March 31, 2024

 

$

(14,117

)

 

$

2,916

 

 

$

(11,201

)

(1) The Company expects to reclassify $5.2 million of gains related to the Change in Fair Value of Interest Rate Hedge Agreements from accumulated other comprehensive loss into earnings during the next 12 months.

 

 

 

 

Three Months Ended March 31, 2023

 

 

 

Foreign
Currency
Translation
Adjustments

 

 

Change in
Fair Value of
Interest Rate
Hedge
Agreement and Other Adjustments

 

 

Total

 

Accumulated other comprehensive (loss) income at December 31, 2022

 

$

(14,056

)

 

$

5,923

 

 

$

(8,133

)

Current period other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications

 

 

1,753

 

 

 

(2,532

)

 

 

(779

)

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 

 

 

(1,420

)

 

 

(1,420

)

Effect of taxes

 

 

(192

)

 

 

1,057

 

 

 

865

 

Total current period other comprehensive (loss) income

 

 

1,561

 

 

 

(2,895

)

 

 

(1,334

)

Accumulated other comprehensive (loss) income at March 31, 2023

 

$

(12,495

)

 

$

3,028

 

 

$

(9,467

)